Latest Market Trends

Foundry Market Upsurging Demand, Growth, Business Insights & Future Scope by 2023

JUNE 15, 2020: India is the second largest producer of castings, globally. The Indian Foundry industry produces various types of metal castings and cast components for application in the power, automotive, defense, railways, machine tools, agro machinery, tractor, earth-moving and mining machinery, electrical machinery, and oil and natural gas industries. The automobile sector is a major consumer of castings produced in the country. Currently, there are around 4,500 foundry units in the small, medium and large-scale sector. Out of these, 1500 units have international quality accreditation.

Global foundry market insights:

In 2017, global castings production witnessed an increase of ~5.3% from 2016, and reached a value of ~110 Mn tonnes. Based on total output, Russia had the highest growth in 2017, with an increase of ~8.3% in production from 2016. China increased its production by 2 Mn tonnes, reaching a total of 49.4 Mn in 2017. Increasing production of light vehicles worldwide is acting as a key growth driver for the global foundry market. The growth in production of light vehicles is expected to increase demand for new cast metal parts, across the world, and also lead to the replacement of old metal casting products with more energy efficient metal casting solutions.

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India foundry market insights:

Casting production in India reached a value of 11 Mn tonnes in 2018, and is expected expand at a compound annual growth rate (CAGR) of ~12.7% from 2018 until 2023. The automobile sector consumes around 40% of castings produced in India. As of 2018, aluminum castings contributed around 15% of the total castings production in the country. The share is expected to increase considerably by the end of 2023, owing to a shift in demand from iron to lighter castings materials for manufacturing fuel-efficient automobiles and electronic vehicles (EVs). Expansion of infrastructure by the government is expected to generate demand for a wide variety of machinery and equipment such as cranes, fans, motors, appliances, pumps, conveyor equipment, etc. which, in turn, will create fresh demand for metal castings.

The major foundry clusters are located in Batala, Jalandhar, Ludhiana, Agra, Pune, Kolhapur, Sholapur, Rajkot, Mumbai, Ahmedabad, Belgaum, Coimbatore, and Chennai, among other Indian cities. Each of these foundry units caters to some specific end-use market. The Coimbatore cluster is famous for pump-set castings, the clusters in Kolhapur and Belgaum are known for automotive castings, and the Rajkot cluster is famous for diesel engine castings. Some of the notable companies producing metal castings include Electrosteel Castings Ltd., Hinduja Foundries Ltd., Nelcast Ltd., and Tata Metaliks Ltd., among others.

End-user segment growth insights:

Automotive: The foundry market is linked directly with the development of the overall automotive sector. Growth of the automobile industry is expected to generate huge demand for castings producers. Based on volume, India is currently the fourth largest automobile industry, globally. Rapid growth of the automotive sector has also led to the steady development of other subsidiary industries like the auto component industry, indicating huge demand for castings.

Pipes and fittings: The pipe sector in India is poised for steady growth due to substantial investments and capacity additions. Companies produce a wide range of steel, cement and PVC pipes, which are used in various industries. Demand for castings is expected to expand with the growth of the pipes and fittings market in India.

Power: Consistent power supply and availability of quality electrical equipment are necessary for the growth of the Indian economy from a global perspective. As of December 2018, India had a power generating capacity of ~349.28 GW. The Government of India has targeted an addition of ~88.5 GW under the 12th Five-Year Plan (2012-2017), and another ~100 GW under the 13th Five-Year Plan (2017-2022). The foundry industry is expected to benefit from such power generation installations.

Government initiatives:

A Vision Plan 2020 has been initiated by The Institute of Indian Foundrymen (IIF) to recommend the needed initiatives for rapid growth, and emerge as a leading supplier of quality castings in the global market by 2020. An implementing agency for the India Foundry Mission (IFM) will have full authority to represent it, demonstrate the pilots and implement recommendations, and monitor market growth.

Key growth drivers of the market:

• Foundries across India are presently upgrading facilities and technologies in a bid to improve their productivity and increase their capacity. To cater to the growing demand, this industry is embarking on major expansions and technological initiatives, with investments of over INR 10 Bn, since 2011.

• Majority of the foundry units in India fall under the MSME sector, which has registered consistent growth over the years. There are around 51 Mn MSME units spread across the country. About 55.3% of the MSMEs are based out of rural areas, indicating the deployment of a significant rural workforce in the MSME sector.

• Re-implementation of Public Procurement Policy, Pradhan Mantri MUDRA Yojana, Make in India, Startup India, and Skill India initiatives are helping in the growth of the MSME sector in the country.

Key deterrents to the growth of the market

Since most of the castings manufacturing units fall under small and medium enterprises (SMEs), they cannot use advanced technological equipment or automation due to high costs, thus limiting their marketing strength. It is challenging for them to sustain their position in the global marketplace. The inability to meet the domestic demand for castings and to supply quality products to the global market acts as a huge barrier for the industry to grow further.

Companies covered:

1. Ashok Iron Works Pvt. Ltd.

2. Brakes India Pvt. Ltd.

3. DCM Engineering Ltd.

4. Electrosteel Castings Ltd.

5. Hinduja Foundries Ltd.

6. Jayaswal Neco Industries Ltd.

7. Menon and Menon Ltd.

8. Nelcast Ltd.

9. Sanmar Foundries Ltd.

10. Tata Metaliks Ltd.

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Table of Contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. Foundry market definition

3.2. Foundry process flow

3.3. Types of casting process – overview

Chapter 4: Global foundry market

4.1. Market overview

4.2. Top casting producing countries – volume-wise (2017)

4.3. Top 10 casting producing countries – per plant comparison; volume-wise (2016 and 2017)

4.4. Top gray iron producing countries (2018)

4.5. Top ductile iron producing countries (2018)

4.6. Top malleable iron producing countries (2018)

4.7. Top steel producing countries (2018)

4.8. Product-wise market segmentation (2017)

4.8.1. Gray iron

4.8.2. Ductile iron

4.8.3. Malleable iron

4.8.4. Steel

4.8.5. Copper base

4.8.6. Aluminum

4.8.7. Others

Continued……………….

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Indian Non-Life Insurance Market Latest Rising Trends with Business

JUNE 15, 2020: The Non-Life Insurance market in India has been witnessing growth, lately, owing to the introduction of innovative products covering miscellaneous risks associated with the current market scenario. As of FY 2017, out of the 29 non-life insurance companies operating in India, 23 companies were operating as general insurers, out of which 17 are private sector companies and 6 are public sector companies, and the remaining 6 are standalone health insurers. The insurance and re-insurance industries of India are regulated and promoted autonomously by the Insurance Regulatory and Development Authority (IRDA).

Market insights:

The non-life insurance market in India was valued at INR 1,281 Bn in FY 2017, and is anticipated to expand at a compound annual growth rate (CAGR) of ~24% in FY 2018, to reach a value of INR 4,434 Bn by the end of FY 2023. Economic growth of the country, expansion of the associated industries like automobile, and healthcare, and strengthening of the online distribution channel are contributing to the growth of the market. The major players operating in the Indian non-life insurance market include the New India Assurance Company Limited, National Insurance Company Limited, ICICI Lombard General Insurance Company Limited, and Bajaj Allianz General Insurance Company Limited.

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Product-wise segment insights:

The main non-life insurance products offered by the companies in India include motor insurance, health insurance, fire insurance, and marine insurance, among others. The motor insurance segment dominated the market between FY 2016 and FY 2017, contributing ~39% of the total general insurance gross direct premium collected in FY 2017, owing to a significant rise in the demand of automobiles (passenger vehicles, commercial vehicles, three-wheelers, two-wheelers, and quadricycles), and compulsion of motor insurance across the country.

Distribution channel-wise segment insights:

Non-life insurance policies are sold in India through individual agents, corporate agents (banks, and others), brokers, and direct business. In FY 2017, direct business transactions owed for ~31% of the overall non-life insurance policies sold in India. People prefer buying insurance policies through direct business distribution channels because of its fast and easy process.

Key growth drivers of the market:

The non-life insurance industry is driven by the growing demand for a number of associated sectors such as the automobile industry, and the healthcare industry. Total automobile production in India reached 29 Mn units in FY 2018 from 25 Mn units in FY 2017, owing to the increased purchasing power of the middle-class population, coupled with a growing young working population. Since motor insurance is compulsory in India, growth of the automobile sector is expected to boost the motor insurance segment of the non-life insurance market in India. Apart from the automobile industry, growth in health awareness, and rising inclination towards preventive healthcare are encouraging demand for the health insurance segment of the Indian non-life insurance market.

Key deterrents to the growth of the market:

The rate of non-life insurance penetration, measured as a percentage of insurance premium to gross domestic product (GDP), stood at 0.77% in 2016, which was lower than 0.80% in 2013. This implies that during 2014-2016, growth of insurance premium in India was lower than the growth in national GDP, mainly due to the capping of incentives of the brokers and agents, and supply-side problems in the associated industries. Emerging economies in Asia such as Malaysia, Thailand, and China have higher non-life insurance penetration than India.

Companies covered:

• Agriculture Insurance Company of India Limited

• Bajaj Allianz General Insurance Company Limited

• HDFC ERGO General Insurance Company Limited

• ICICI Lombard General Insurance Company Limited

• IIFCO Tokio General Insurance

• National Insurance Company Limited

• Oriental Insurance Company Limited

• Star Health and Allied Insurance Company Limited

• Tata AIG General Insurance Company Limited

• The New India Assurance Company Limited

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Table of Contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. Non-life insurance market – definition and structure

Chapter 4: Non-life insurance market in India

4.1. Market overview

4.2. Market size and growth forecast (on the basis of gross premium income) – value-wise (FY 2018-FY 2023e)

4.3. Gross direct premium income – insurer type-wise (FY 2017)

• Public sector insurers

• Private sector insurers

• Standalone health insurers

• Specialize insurers

Chapter 5: Non-life insurance market in India – market segmentation

5.1. India non-life insurance market – product-wise (FY 2016 and FY 2017)

• Motor insurance

• Health insurance

• Fire insurance

• Marine insurance

• Others

5.2. India non-life insurance market – based on new policies issued (FY 2017)

• Public insurer

• Private insurer

• Specialize insurer

5.3. India non-life insurance market – distribution channel-wise (FY 2017)

• Individual agents

• Corporate agents – banks

• Corporate agents – others

• Brokers

• Direct business

• Others

Continued…….

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Worldwide Impact of Covid on Warehousing Market 2020

JUNE 15, 2020: India Warehousing market

A warehouse consolidates products from multiple sourcing locations, provides cross-docking facilities to retail distributors, acts as a sorting center for customer deliveries, and an assembly facility for final packaging and bundling of products. Modern warehouses in India provides value-added services such as consolidation and breaking up of cargo, packaging, labelling, barcoding and reverse logistics along with storing facilities. The different types of warehouses are: fulfilment centres, distribution centres, return centres and showrooms.

Based on the type of infrastructure, the Indian warehousing market is categorized into three types, namely lower stratum, middle stratum and higher stratum.

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Technological advancements such as the use of Internet of things (IoT), cloud computing, big data analytics, robotics and automation, advanced imagers, and mobile thermal printers are revamping the warehousing market scenario in India. Several government initiatives such as the ‘Make in India’ program and efforts to set up industrial corridors have attracted significant international players to the warehousing market. Implementation of the goods and services tax (GST) had a positive effect on the Indian warehousing market due to diminishing state boundaries. Removal of interstate checkpoints, reduction in cargo movement time and replacement of multiple state and central level taxes are facilitating consolidation of warehouses.

Warehousing clusters across major Indian cities

Growth in Indian e-commerce, third-party logistics (3PLs), retail, fast-moving consumer goods (FMCG), auto and auto ancillaries, and chemical and pharmaceutical industries are expected to drive the demand for organized players in the Indian warehousing market. Bolstering infrastructure initiatives such as industrial corridors, and dedicated freight corridors, among others, are expected to augment demand in the Northern Capital Region (NCR), Mumbai Metropolitan Region (MMR), Hyderabad, Bengaluru and Kolkata.

Key growth factors

• Growth in Indian e-commerce, 3PLs, retail, FMCG, auto and auto ancillaries, and chemical and pharmaceutical industries is expected to drive the demand for organized players in the Indian warehousing market.

• Cashing in on the existing trend of the economy, there has been a sharp increase in automobile sales in the country. Increasing international trade is strengthening the growth of the warehousing market in India.

Threats and key players

• Conversion of agricultural land for industrial and commercial purposes is a major challenge faced by the players operating in the Indian warehousing market. In India, the warehousing market is still at a nascent stage and is highly fragmented as compared to the United States (US) and European countries.

• Lack of warehousing standards and accreditation poses a major threat to the Indian warehousing industry mainly due to unavailability of quality and flexible warehousing spaces.

• Container Corporation of India Ltd., Gati Ltd. and Mahindra Logistics Ltd. are some of the major players that are operating in the Indian warehousing market.

What is covered in the report?

1. Overview of the Indian warehousing market

2. Historical, current and forecasted market size data for the Indian warehousing market (FY 2016 to FY 2023) – by value

3. Historical, current and forecasted market size data for the Indian warehousing market (2016 to 2023) – by warehousing space requirement

4. Warehousing strategy before and after the implementation of GST

5. Qualitative analysis of the Indian warehousing market and warehousing clusters across major Indian cities

6. Investment scenario in the warehousing market in India

7. Qualitative analysis of the major drivers and challenges affecting the market

8. Analysis of the competitive landscape and profiles of major players operating in the market

9. Key recent developments associated with the warehousing market in India

Why buy?

1. Get a broad understanding of the warehousing market in India, the dynamics of the market and current state of the sector

2. Strategize marketing, market entry, market expansion and other business plans by understanding the factors driving growth in the market

3. Be informed regarding the key developments in the warehousing market in India

4. Understand major competitors’ business strategies and market dynamics and respond accordingly to benefit from the market

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Table of Contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. Warehousing market definition and structure

Chapter 4: India warehousing market

4.1. Warehousing market overview

4.2. Warehousing market size and growth forecast – by value

4.2. Warehousing market size and growth forecast – by space requirement

Chapter 5: Impact of the goods and services tax (GST)

5.1. Warehousing strategy before GST implementation

5.2. Warehousing strategy post GST implementation

Chapter 6: Warehousing clusters across major Indian cities

6.1. Organized warehousing space utilization

6.2. Industry-wise share of organized warehousing transactions – percentage split

• 3PL

• FMCD

• Manufacturing

• E-commerce

• FMCG

• Retail

• Others

6.2. Organized warehousing space utilization

6.3. Classification of major warehousing hubs in India

6.4. Warehousing clusters – overview

• NCR

• Pune

• Hyderabad

• Bengaluru

• Chennai

• Ahmedabad

• Mumbai

6.5. City-wise warehousing demand analysis – (SWOT analysis)

• Nagpur

• Guwahati

• Bhiwandi

• Hyderabad

• Bengaluru

• Kolkata

• Haryana

• Ghaziabad

Chapter 7: Market trends

• Growth of Indian e-commerce industry

• Increasing usage of warehouse automation

Continued………………

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India Mobile Accessories Market Is Expanding From 2020 To 2023

JUNE 12, 2020: Market insights:

The major Mobile Accessories used by customers include external batteries, USB cables, mobile cases and covers, chargers, and earphones. The competitive advantage of the players operating in the market lies in the uniqueness of the distribution channels. It consists of an array of national, regional and micro level distributors. The manufacturers can market their products through one or multiple distribution partners and retailers, thereby reaching a big consumer base. Owing to substantial growth in the adoption of smartphones and tablets, the mobile accessories market in India is expected to reach ~INR 252.80 Bn by 2023.

Segment-wise market insights:

In India, mainly four types of mobile accessories are used – protective cases, wireless headphones and earphones, turbochargers, and memory cards.

Protective cases: Protective cases have a relatively high share among the different segments of mobile accessories available in India. In order to fulfil the demand from the growing fashion-conscious consumer base, focus of the Indian companies remain on manufacturing protective cases that are in line with the consumers’ preferences.

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Wireless headphones and earphones: Recent technological innovations by companies have triggered the sale of wireless headphones and earphones in India. Sony Corp, Skull Candy Inc., and JBL Inc. are some of the leading manufacturers of audio accessories for mobile phones in India. The wireless headphones and earphones segment was valued at INR ~11.47 Bn in 2016, and is expected to expand at a compound annual growth rate (CAGR) of ~12.1% during the forecasted period.

Memory cards: Increasing use of smartphones and multimedia functions among Indian consumers is creating the demand for external storage devices such as memory cards. In 2017, Samsung, SanDisk, Transcend, Kingston, and Sony were the top five memory card companies operating in India.

Key market trends:

Indian consumers are increasingly using power banks to charge their portable devices, on the go. These devices address the same objective as that of turbochargers and high capacity batteries. Various kinds of device stands and holders are slowly gaining popularity among the youth, who invest heavily on large-display smartphones.

Market drivers:

By 2020, smartphone shipment in India is expected to reach ~210.53 Mn units, expanding at a CAGR of ~17.5% from 2016. The growing adoption of mobile phones is creating opportunities for manufacturers of mobile accessories to enter the market. The rise in disposable income has revolutionized the buying and spending patterns of customers. Change in the outlook of consumers is leading to high demand for fashionable mobile accessories.

Market challenge:

Currently, the mobile accessories market in India is driven by low-cost imports. These products are mainly sold in local stores, thus feeding the demand for cheaper mobile accessories. Hence, unbranded grey market offerings are hampering the market for branded products.

Companies covered:

1. Eon Electric Ltd.

2. Optiemus Infracom Ltd.

3. Callmate (India) Pvt. Ltd.

4. Intex Technologies (India) Ltd.

5. Apple India Pvt. Ltd.

6. Belkin India Pvt. Ltd.

7. Case Mate India Pvt. Ltd.

8. Moftware Infotech Pvt. Ltd.

9. PNY Technologies Asia Pacific Ltd.

10. Samsung India Electronics Pvt. Ltd.

Customization available:

With the given market data, Research on Global Markets offers customizations according to specific needs. Write to us at support@researchonglobalmarkets.com, or connect with us here.

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Table of Contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. Mobile accessories market in India – definition and structure

3.2. Common mobile accessories (function and examples)

3.2.1. Power banks

3.2.3. Selfie sticks

3.2.4. Headphone splitters

3.2.5. USB OTGs

3.2.6. Bluetooth speakers

3.2.7. Mobile phone holders

3.2.8. Bluetooth headsets

3.2.9. External flash drives

3.2.10. External zoom lens

3.4. India mobile accessories market – value chain

Chapter 4: Mobile accessories market in India

4.1. Market overview

4.2. India mobile accessories market size and growth forecast (2016-2023e)

4.3. Porter’s five forces analysis

Chapter 5: Mobile accessories market in India – segment overview

5.1. Mobile protective cases segment

5.1.1. Market overview

5.1.2. Market size and growth forecast (FY 2016-FY 2023e)

5.2. Wireless headphones and earphones segment

5.2.1. Market overview

5.2.2. Market size and growth forecast (FY 2016-FY 2023e)

5.3. Turbochargers segment

5.3.1. Market overview

5.3.2. Market size and growth forecast (FY 2016-FY 2023e)

5.4. Memory cards segment

5.4.1. Market overview

5.4.2. Market size and growth forecast (FY 2016-FY 2023e)

Continued…………………

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Industrial Fasteners Market Latest Benefits, Technology Advancement And Rising Future Prospects By 2023

JUNE 12, 2020: Global industrial fasteners market

Fasteners are generally used to join the different parts of items by using nuts and bolts, washers, screws, clips, clamps and other products. The global industrial fasteners industry is considered to be highly fragmented and is competitive in nature, with small and large scale manufacturing companies operating in the United States, China, Japan, Germany, and India.

The market is expected to reach a value of INR 7,706 Bn by 2023, expanding at a CAGR of ~6.5% from 2018. Rising demand for fasteners in the automotive industry, coupled with an increase in construction and manufacturing spending in emerging countries like China, Brazil, Saudi Arabia, Australia, Indonesia and India, is expected to drive the demand for industrial fasteners during the forecast period.

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Asia-Pacific was the largest market for fasteners in 2017, accounting for a major share of the fasteners manufactured globally. The major reason for this growth can be attributed to the increasing number of construction activities and growing automobile manufacturing in countries like China and India. Europe is one of the largest markets for industrial fasteners apart from being the second largest industrial fasteners manufacturing region in the world. However, lack of product differentiation and elasticity of prices of raw materials such as alloys, stainless steel and copper are hindering the growth of the market.

Precision Castparts Corporation, Stanley Black & Decker Inc., Wilhelm Bollhoff GmbH & Co. KG and Nitto Seiko Co. Limited, are the top four industrial fasteners manufacturing companies.

India industrial fasteners market

Owing to its application in diverse sectors, a wide range of fasteners are manufactured in the Indian market, which include exhaust bolts, balance wheel bolts, standard hexagon screws/bolts, socket head cap screws, socket shoulder screws, weld nuts, square nuts, hexagon nuts, self-tapping screws and others. With help from the Indian government’s ‘Make in India’ initiative, the Indian manufacturing sector is expected to generate huge demand for the industrial fasteners market.

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The Indian industrial fasteners market is expected to reach a value of INR 460 Bn by 2023 expanding at a CAGR of ~9.6% from 2018. Fastener companies usually sell their products in India through various distribution channels – distributors, direct dealers, online channels and industrial events. De-licensing of the industry is facilitating the entry of major global manufacturers in the Indian market. The majority of fasteners that were imported by India in FY 2018 was other screws and bolts, whether or not with their nuts or washers followed by other non-threaded articles and threaded nuts.

Market segmentation

The Indian industrial fasteners market is segmented on the basis of application, product type and the organization of the market. The Indian automotive sector is expected to be the largest consumer of industrial fasteners, accounting for a major share of the market by 2023. This will be because of owing to increased automotive manufacturing in the country. It is followed by the construction and the engineering sector.

High-tensile fasteners are mainly used in the construction and engineering sector, whereas mild steel fasteners are used in manufacturing automobiles. Currently, there has been a shift in preference of manufacturing fasteners by using stainless steel, iron, brass, aluminium, nickel and plastics and composites.

Key growth factors

• Increasing sale of automobiles in India is significantly driving the growth of the auto ancillary market in the country, including automobile sector-specific fasteners. Growing usage of fasteners for manufacturing automotive parts such as engines, chassis, moulding, suspension system and wheels among others, is expected to drive the growth of the Indian industrial fasteners market during the forecast period.

Threats and key players

• Spurious and low quality fastener affect longevity adversely, and may result in accidents with catastrophic consequences

• The price of steel in India is influenced by demand-supply forces and international prices. The increasing prices of raw materials like these, which are used in the manufacture of industrial fasteners, reduce profitability.

• Lakshmi Precision Screws Limited, Sundram Fasteners Limited, KOVA Fasteners Private Limited, and Precision Castparts Corporation Fasteners are some of the major players that are operating in the Indian industrial fasteners market.

What’s covered in the report?

1. Overview of the global industrial fasteners market

2. Historical, current and forecasted market size data for the global industrial fasteners market (2017 to 2023)

3. Qualitative analysis of the global industrial fasteners market and its segments [by application – construction, engineering (including machinery used in manufacturing activities), automotive and others (including oil refinery, chemicals, MRO activities), region-wise manufacturing split – Asia-Pacific, Europe, North America, and other regions (includes Africa and Latin America)]

4. Qualitative analysis of the major drivers and challenges affecting the global industrial fasteners market

5. Overview of the Indian industrial fasteners market

6. Historical, current and forecasted market size data for the Indian industrial fasteners market (2017 to 2023)

7. Qualitative analysis of the India industrial fasteners market and its segments [by application – construction, engineering, automotive and others (including chemical, oil refinery, solar industry, and textile machinery) by product-type (High Tensile Fasteners and Mild Steel Fasteners)]

8. Overview of steel bolt, high tensile nut and manufacturing process

9. Trade analysis of Indian industrial fasteners market

10. Major industrial fasteners manufacturing clusters overview

11. Qualitative analysis of the major drivers and challenges affecting the market

12. Analysis of the competitive landscape and profiles of major players operating in the market

Why buy?

1. Get a broad understanding of the global and Indian industrial fasteners market, the dynamics of the market and its current state

2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market

3. Be informed regarding the key developments in the industrial fasteners market in India

4. Understand major competitors’ business strategies and market dynamics, and respond accordingly to benefit from the market

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Footwear Market Overview, Sales Revenue, Business Growth, Opportunities From 2020 To 2023

JUNE 12, 2020: India footwear market

Currently, India is the second largest footwear manufacturer in the world after China. The footwear market consists of companies engaged in manufacturing, selling and marketing of different kinds of footwear and accessories to the end users, namely men, women and kids. Footwear has evolved from being a necessity, as protection for feet, to an accessory which has become a style statement for customers. The Indian footwear market is dominated by unorganized players but as consumer preference and buying behavior is changing, organized retail players are making space for themselves in the market. Of the total footwear produced, ~90% are consumed within the country while the remaining ~10% are exported mainly to the European nations which include the United Kingdom (UK), Germany, Italy and France.

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With increasing internet penetration and rising popularity of the e-commerce market, footwear manufacturers, having a presence over the e-commerce ecosystem, are using the internet not only for driving sales but also to monitor consumer-buying behavior, and are accordingly offering a personalized experience to customers. Through e-commerce platforms companies also provide fast and convenient functional experience to customers like easy payment option, grievance management, after sales service and competitive pricing.

Market segmentation

The Indian footwear market is segmented by end user-wise sales, and type-wise market segmentation in which casual footwear contributes chiefly to the total revenue.

Key growth factors

• Increase in disposable income and per capita income has revolutionized the consumers’ buying and spending pattern towards apparel and footwear. A greater proportion of the overall Indian population, which includes tier I and II cities as well as smaller towns, now have considerably higher spending power, as a result of which, expansion of the footwear market is gaining mass momentum.

• The emergence of organized retail and e-tailing plays a major role in the development of the Indian footwear market. The modern retailing has resulted in increased accessibility, evaluation of a large number of alternatives, and special offers and discounts to attract customers.

Threats and key players

• In India, the unorganized footwear market accounts for 85% of total market and give stiff competition to organised sector players. Unorganised players have a lot of advantages over organised players like lower sales tax and lower labor cost.

• Khadim India Limited, Liberty Shoes Limited, Relaxo Footwear Limited, Sreeleather Limited, Bata India Limited and Adidas India Private Limited are some of the major players operating in the Indian footwear market.

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What is covered in the report?

1. Overview of the Indian footwear market

2. Historical, current and forecasted market size data for the Indian footwear market (2017 to 2023)

3. Qualitative analysis of the Indian footwear market and its segments (end-user wise sales, organized vs unorganized split, material wise segmentation, type-wise market segmentation)

4. Trade analysis of the footwear market in India

5. Qualitative analysis of the major drivers and challenges affecting the market

6. Analysis of the competitive landscape and profiles of major players operating in the market

7. Key recent developments associated with the footwear market in India

Why buy?

1. Get a broad understanding of the footwear market in India, the dynamics of the market and current state of the sector

2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market

3. Be informed regarding the key developments in the footwear market in India

4. Understand major competitors’ business strategies and market dynamics and respond accordingly to benefit from the market

Table of Contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. India retail industry definition and structure

3.2. Footwear market definition and structure

Chapter 4: Indian footwear market – overview

4.1. Footwear market size and growth forecast- value-wise

4.2. Porter’s five forces analysis

Chapter 5: Indian footwear market – segmentation

5.1. End-user wise sales – percentage split

5.2. Organized vs unorganized – percentage split

5.3. Material wise – percentage split

5.4. Type-wise – percentage split

Chapter 6: Trade analysis

6.1. Export of footwear

• Value-wise

• Country-wise

6.2. Import of footwear

• Value-wise

• Country-wise

Continued…………………..

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Covid-19 Impact on Water Purifier Market 2020 | Eureka Forbes, KENT RO, Blue Star, Hindustan Unilever and Tata Chemicals

JUNE 12, 2020: India water purifier market

Water purifiers are no longer considered to be consumer durables limited to affluent households. Increasing awareness coupled with lower prices have increased the penetration of water purifiers across lower income groups and rural households in the country. Reverse osmosis (RO) technology embedded in modern water purifiers is the most popular category.

Water purifiers range from simple water filters to advanced purifiers using membrane technology for water filtration followed by disinfection with ultraviolet (UV) lamp filters. Water purification has evolved, from using clay to filter out the sediments, to advanced water purification technologies that use electricity and the internet.

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Import of household type water filters by value has grown at a compound annual growth rate (CAGR) of ~15.2%, where in terms of volume, it has gone down at a CAGR of ~21.5% during FY 2014 to FY 2018 due to a reduction in customs duty. Bangladesh is the largest importer of water filters for homes both in terms of value and volume for FY 2017 and FY 2018, followed by Philippines, Indonesia and Sri Lanka among others.

Key growth factors

• Manufacturers are producing affordable water-purifying units in order to penetrate the market. The price of water purifiers range from INR 500 – INR 20,000. Low-cost purifiers are easy to maintain and the refilling/refurbishing cost is also not very high.

• India has the world’s highest number of people who are without access to clean water. Moreover, challenges such as acute shortage, excessive salinity, and depleting underground water reserves plague the water distribution system. The proportionate levels of total dissolved solids (TDS), hardness, chlorides, and nitrates among others responsible for water contamination, have exceeded the permissible limits in certain parts of Mumbai, Delhi, Bangalore, Lucknow, Pune, Hyderabad, Kolkata and Chennai.

Threats and key players

• Water purifiers are considered to be a push product requiring considerable concept selling in rural markets, and penetration of water purifiers in rural India is also lower due to economic factors, poor sales and lack of distribution networks

• Eureka Forbes Limited, KENT RO Systems Limited, Blue Star Limited, Hindustan Unilever Limited and Tata Chemicals Limited are some of the major players operating in the Indian water purifier market

What is covered in the report?

1. Overview of the Indian water purifier market

2. Historical, current and forecasted market size data for the Indian water purifier market (2016 to 2023)

3. Qualitative analysis of the Indian water purifier market and its segments (by company- Eureka Forbes, Kent Ro, Livpure and others)

4. Trade analysis of the water purifier market in India

5. Qualitative analysis of the major drivers and challenges affecting the market

6. Analysis of the competitive landscape and profiles of major players operating in the market

7. Key recent developments associated with the water purifier market in India

Why buy?

1. Get a broad understanding of the water purifier market in India, the dynamics of the market and current state of the sector

2. Strategize marketing, market-entry, market expansion and other business plans by understanding the factors driving growth in the market

3. Be informed regarding the key developments in the water purifier market in India

4. Understand major competitors’ business strategies and market dynamics and respond accordingly to benefit from the market

To Browse Full Research Report @:
https://www.radiantinsights.com/research/water-purifier-market-in-india-2018-2023

Table of Contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. Water purifier market definition and structure

Chapter 4: Water purifier market – overview

4.1. Residential water purifier market size & growth forecast – value-wise

4.2. Porter’s five forces analysis

Chapter 5: Water purifier market – segmentation

5.1. Company-wise market share – percentage split

• Eureka Forbes

• Kent RO

• Livpure

• Others

5.2. Organized vs unorganized – percentage split

Chapter 6: Trade analysis

6.1. Export of home insecticides

• Value-wise

• Volume-wise

• Country-wise

6.2. Import of home insecticides

• Value-wise

• Volume-wise

• Country-wise

Chapter 7: Key growth drivers of the market

Chapter 8: Key deterrents to the growth of the market

Chapter 9: Competitive landscape

9.1. Product benchmarking – Top five players

9.2. Blue Star Limited

• Corporate information

• Business description

• Products and services

• Key people

• Financial snapshot (total income, net profit/loss)

• Key ratios

• Business segments, geographical segments

9.3. Hindustan Unilever Limited

• Corporate information

• Business description

• Products and services

Continued………………

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Covid-19 Impact on 5G, Extending Human Eyesight, Extending Human Senses Market 2020

JUNE 11, 2020: Synopsis:

The global 5G market is anticipated to witness a significant growth during the forecast period. 5G network is a promising innovation in the field of mobile telecommunication and networks. It anticipated to not only accelerate the expansion of telecommunications, but will redefine other industries like computing, automotive, manufacturing, healthcare, and entertainment. With its high throughput and low latency, the technology is expected to have the potential to operate high-value areas such as virtual reality monitoring, 3D robotic control, and remote medical control. It is also placed in like to successfully solve the challenges that today’s advanced technologies haven’t been able to address yet.

Drivers:

Demand for mobile data services is increasing due to the several subscriptions availed by the users. The commercialization of 5G data connectivity, huge demand for 5G-enabled mobile phones or smartphones with high-speed internet connectivity is expected to be a key driver for the market. Next generation 5G technologies are being progressively used in public transportation systems. It is capable of providing broadband access for public transportation, such as high-speed trains and buses, to provide fast internet in transit for information, entertainment, and interaction with smart mobility systems onboard. Furthermore, the involvement and use of advanced devices in applications such as smart cities, smart homes, etc., has surged the growth of machine-to-machine communication systems across industries. Therefore, the optimization of internet network to bring in efficient telecommunications and addressing capacity needs has been attributed mandatory for the smooth working of machine-to-machine communication systems.

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Enhanced mobile broadband are likely to offer initial upside with respect to manifesting realistic expectations on their timeliness for proposition development. Wireless networks are come to the fore and is ahead of innovations in augmented reality content. Enhanced mobile broadband network is expected to emerge as a first large-scale use case of 5G technology, owing to its improved performance capacity in densely populated areas. Furthermore, 5G-based IoT technology is anticipated to unlock limitless potential for industrial transformation and will drive the growth of direct-to-consumer services over the coming years. The evolution of 5G is also expected to minimize the cost per gigabyte than the presently used 4G.

The prevailing 2G, 3G, and 4G are primarily radio focused, while 5G will present a system comprising of radio, OSS, and telecom core. This process will include new radio technologies, end-to-end orchestration and management, and a virtualized cloud-based core to facilitate automation and concepts like network slicing. Service providers that understand 5G’s potential to revitalize their workflow will be best placed to optimize their ROI over the next decade.

5G use cases are still in its nascent stage and have a long way to go before fully autonomous vehicles and remote surgeries become available commercially. Factors such as data protection regulation and the burden of legacy IT within specific industries is expected to remain the road map to game-changing innovation and is necessarily incremental. While 5G’s role is considered as a catalyst for IoT strategies, consumer connectivity and content is anticipated to hinge on significant refinements to the existing 4G-based value propositions.

Regional Outlook:

The North America region dominated the overall 5G market in 2019 as there has been a significant number of investments been made by the regional players and some of the key infrastructures is being materialized in the U.S. Huge investments has remained the main focus of the U.S. government and are primarily rolling out plans for smart city projects to drive the overall growth of the North America region.

Asia Pacific is projected to emerge as the fastest-growing region, registering the highest CAGR during the forecast timeframe. Some of the key regional players include China Mobile, China Telecom, SK Telecom, and KT Corporation. These companies are striving to increase their investments to speed up the production process of 5G-enabled smartphones across the developing countries and are likely to gain traction in smartphone manufacturers such as Huawei Technologies Co. Ltd., Samsung Electronics Co., Ltd, and BBK Electronics Corporation, among several others.

Competitive Landscape:

Industry players are incorporating new strategies to monetize new use cases of 5G technology and go beyond the customer’s connectivity market to catalyze various industry-specific use cases like smart buildings, autonomous transport, and remote surgery. Some of the key players operating in this market comprise of Advantech Co Ltd; ADT Inc.; Alphabet / Google; AMS ag; Amazon.com (AMZN); Apple; AT&T; BlueShift Memory; Baidu (BIDU); Broadcom; Cypress Semiconductor; Cisco; Dexcom Inc.; Facebook (FB); Ericsson; Garmin ltd.; IBM; Huawei; IBM / Red Hat; Intel; Kensaq.com; Juniper Networks; Amazon; Marvell Technology Group; Netflix; Mavenir; Micron’ Microsoft (MSFT); Mellanox Technologies; NeoPhotonics 400G CFP8 PAM; and Nokia among others.

The leading vendors in the 5G market have invested in high-quality technology and processes to develop leading edge monitoring and digital triggering activation capability. 5G is the most disruptive force seen in centuries. 5G markets are going from $31 billion in 2020 to $11 trillion by 2026. It has more far reaching effect than a stronger military, than technology, than anything.

5G markets encompass virtualization, cloud, edge, and functional splits. As 5G networks come on line in 2020, they require increasing sophistication from mobile operators. The challenge going forward in mobile network buildout is to bring together a growing number of LTE and 5G radio access technologies. A range of connectivity services are needed. APIs are needed in each small cell to manage connectivity to a number of customer sensors that are implemented in different segments.

The 5G sales at $31.3 billion in 2020 are forecast to reach $11.2 trillion in 2026. Networks spending has been transformed from macro cell tower dominance to 80% of spending on infrastructure and equipment for 5G. 5G supports wireless communications across short distances. All the indoor and outdoor places need to increase wireless coverage, providing significant market growth for 5G.

The digital economy, self-driving cars, drones, smart traffic lights, and smart connectivity of sensor enabled edge devices need more wireless coverage. According to Susan Eustis, leader of the team that prepared the research, “5G suppliers have a focus on broadband improvement. Power and performance are being improved. 5G improves the transmission coverage and density.”

This 5G coverage is needed as IoT, the Internet of things and smart phone video increase transmission needs.

Companies Profiled

Market Leaders

• Intel

• Ericsson

• Huawei

• Nokia / Alcatel-Lucent

• NEC

• Qualcomm

• Samsung

• Fujitsu

• ip.access

Market Participants

• ADT Inc

• Advantech Co Ltd

• Alphabet / Google

• Amazon.com (AMZN)

• AMS ag

• Apple

• AT&T

• Baidu (BIDU)

• BlueShift Memory

• Broadcom

• Cisco

• Crown Castle (CCI)

• Cypress Semiconductor

• Dexcom Inc

• Ericsson

• Facebook (FB)

• Garmin ltd

• Huawei

• IBM

• IBM / Red Hat

• Intel

• Juniper Networks

• Kensaq.com

• Amazon

• Netflix

• Marvell Technology Group

• Mavenir

• Mellanox Technologies

• Micron

• Microsoft (MSFT)

• NeoPhotonics 400G CFP8 PAM

• Nokia

• Nvidia Speeds and Feed

• Qualcomm

• Qorvo

• Rackspace

• Rogers Communications

• Salesforce (CRM)

• Samsung

• Sensata Technology

• Silicon Laboratories

• Skyworks Solutions

• SoftBank

• Telus

• Tencent (TCEHY)

• Tesla

• Toyota and Panasonic

• Tsinghua

• Twilio

• Verizon

• Xilinx

Key Topics

• 5G

• Virtualization

• Sensor Visualization

• Camera Visualization

• Cloud

• Edge

• Functional splits.

• 5G Network Transformation

• LTE Small Cell

• 5G Sensors

• Network Densification

• Hybrid Ethernet Based DAS

• DAS

• In Building Wireless

• Broadband Traffic

• In Air Interface Solutions

• Outdoor and Stadium Deployments

• Heterogeneous Network

• Hung On Aerial Coax, Fiber, Or Electricity Cables

• Distributed business

• Enterprise

• End-To-End Integrated 5G

• Metro Cell Solution Signal Transmission

• ADRF Positioning

• Bandwidth Allocation

• Across enterprise boundaries

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Table of Contents

1. 5G Market Description and Market Dynamics 21

1.1 5G Market Description 21

1.2 5G Total Cost of Ownership (TCO) 25

1.3 5G Wireless Connectivity Opens Trillion Dollar Markets: 26

2. 5G Market Leaders and Forecasts 27

2.1 5G Market Driving Forces 27

2.2 5G Market Shares and Market Leaders 31

2.2.1 5G Ethernet Infrastructure 33

2.2.2 Data Center Storage Market Shares, Dollars, Worldwide 34

2.2.3 Microsoft Market Presence 36

2.2.4 Mega Data Center Orchestration Software 37

2.2.5 Data-Center Component Suppliers

2.2.6 Scaling Up as a Basic Function of The Mega Data Center Network 41

2.2.7 Data Center Fabric Scalability 42

2.2.8 Mobile Telecom Companies 42

2.2.9 Ericsson 5G Network Transformation 42

2.2.10 Samsung Active in 5G 43

2.2.11 Huawei Active in 5G 44

2.2.12 5G Modems: Qualcomm 45

2.2.13 Intel 5G End to End Solutions 45

2.2.14 5G Wearable Technology 46

2.3 5 G Market Forecasts 46

2.3.1 5G Tablets, Apps, and Smart Phones 49

2.4 5G Market Segments 51

2.4.1 Carrier Investment in 5G 55

2.4.2 5G Telecommunications Carrier Segment, Market Forecast 58

2.4.3 5G Healthcare 59

2.4.4 Electric Cars Market Shares 62

2.4.5 Self-Driving Cars / Automotive 5G 64

2.4.6 Self-Driving Cars, Light Trucks, SUVs 67

2.4.7 Self-Driving Car and Light Truck Market Shares 70

2.4.8 5G Electric Cars with Autonomous Features Segment 72

2.4.9 5G Smart Cities / Smart Homes Segment 73

2.4.10 5G Service Robots Segment 76

2.4.11 5G Drones Segment 78

Continued………………………..

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Impact of Covid on Wearable Devices Market 2020

JUNE 11, 2020: India Wearable Device Market:

Technology-enabled wearable devices are gaining momentum in India and its segment will emerge as a dominant one in the Indian consumer electronics market. Fitness monitors, smart watches, and internet-enabled eyeglasses are the various types of wearable devices available in the Indian market.

India is a growing market for wearable device products. The introduction and availability of next generation cellular networks, and their improved connectivity are factors boosting the growth of the market. Indian start-ups are introducing various innovative products like GPS-enabled smart sports shoes, and multi-function Bluetooth devices that work as camera triggers and alerts while in motion, among others. The players are also heavily focusing on developing wearable devices with advanced features and applications that provide an enhanced digital experience.

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The India wearables device market has players such as Goqii, Xioami, Fitbit, Garmin, Huawei, and others. Goqii holds the largest share of the market. Some of the other players with significant market shares in the category are Xioami, Fitbit, Garmin, and Huawei.

Key growth factors:

In the last few years, Indian consumers have shown increased interest in wearable devices like smartwatches, fitness trackers, and fitness monitors, among others. People these days are more aware of the wearable devices and the applications that help in making daily life easy. Increased disposable income and awareness among Indian consumers are stimulating the growth of wearable devices market in India.

The increased availability of 4G and WiFi networks is fuelling the adoption of wearable devices across the country. India is one of the fastest growing economies that is embracing 4G networks, and this is expected to trigger the growth of wearable technology and the devices market.

Threats and key players:

The biggest factor deterring the growth of the wearable devices market in India is that it is too expensive. The iOS and Android applications can act as substitutes for the technology since many applications currently use smartphone sensors to track classic wearable metrics like steps taken, and heart rate, among others

Apple India Pvt. Ltd., Google India Pvt. Ltd., Intel Technology India Pvt. Ltd., Microsoft Corporation (India) Pvt. Ltd., Nike India Pvt. Ltd., and Samsung India Electronics Pvt. Ltd., are some of the major players operating in the Indian wearable device market

Companies Profiled:

Intel Technology India Pvt. Ltd.
Google India Pvt. Ltd.
Apple India Pvt. Ltd.
Nike India Pvt. Ltd.
Microsoft Corporation (India) Pvt. Ltd.
Samsung India Electronics Pvt. Ltd.
Sony India Pvt. Ltd.

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Table of Contents

Introduction

Slide 1: Executive Summary

Macroeconomic Indicators

Slide 2: GDP at Factor Cost: Quarterly (2011-12 – 2014-15), Inflation Rate: Monthly (Dec 2014 -Apr 2015)

Slide 3: Gross Fiscal Deficit: Monthly (Feb 2014 – Jul 2014), Exchange Rate: Monthly (Dec 2014 – May 2015)

Slide 4: Lending Rate: Annual (2011-12 – 2014-15), Trade Balance: Annual (2011-12- 2014-15), FDI: Annual (2010-11 – 2013-14)

Introduction

Slide 5-9: Wearable Device Market – Overview

Market Overview

Slide 10-11: Market Overview – Global, Market Overview – India

Startups in Wearable Segment

Slide 12: Description and name of the startup companies in India

Drivers & Challenges

Slide 13: Drivers and Challenges – Summary

Slide 14-18: Drivers

Slide 19-20: Challenges

Market Trends

Continued……………..

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Impact of Covid on Wearable Devices Market 2020Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: sales@radiantinsights.com
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States

Food Processing Market Witness Swift Growth Throughout Covid-19

JUNE 11, 2020: A crucial contributor to India’s social and economic growth, the Food Processing industry plays a central role in influencing farming and distribution practices throughout the country. It is one of the primary focus sectors under the Make in India initiative.

Market insights:

The food processing industry is expected to expand at a compound annual growth rate (CAGR) of ~11.5% between FY 2018 and FY 2023 to reach a value of INR 15,971.9 Bn in FY 2023. It is one of the largest industries in India and ranks fifth in terms of production, consumption, and exports. Large availability of food infrastructure and diverse agro-climatic conditions, among other factors, shall make India one of the largest food processing hub. Hindustan Unilever Limited, Pepsico India Holdings Private Limited, Cadbury India, Nestle India Limited, Mondelez International Incorporation, Pizza Hut (India) Private Limited, and Perfetti Van Melle India Private Limited are some of the major multinational companies (MNCs) that are investing in the Indian food processing industry.

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Market segment insights:

There are 10 segments within the Indian food and beverage industry – breakfast cereals, dairy food, bakery, organic food, confectionary, ready meals, naturally healthy beverages, pet food, ingredients, and savory snacks. These segments are increasingly gaining acceptance in the country, thereby creating immense opportunities for new as well as existing industry players to expand their business operations. Among these, breakfast cereals and savory snacks are the fastest growing segments and are expected to expand at a CAGR of ~19.23% and ~33.59%, respectively during 2018 to 2023.

Processing levels in different food segments:

In terms of processing levels, India still lags compared to other developed countries, particularly in the processing of agricultural products. Less than ~10% of the total food produced in India is converted into value-added products, as against ~65% in the United States (U.S.) and ~23% in China. Only 2.2% of the fruits and vegetables produced in the country gets processed.

Government initiatives:

The Ministry of Food Processing Industries (MOFPI) has improvised fiscal incentives and several schemes for promotion of the country’s food processing industry mainly covered under Pradhan Mantri Kisan Sampada Yojana. Mega food park scheme, value addition and preservation infrastructure, infrastructure for agro-processing clusters, the scheme of cold chain, and scheme for creation/expansion of food processing and preservation capacities are some of the plans implemented for the overall growth of the food processing infrastructure. The comprehensive development of infrastructure is expected to play a significant role in the development of the overall food processing sector in the country.

Key growth drivers of the market:

Foreign direct investment (FDI) and several other government initiatives in the Indian food processing industry shall aid the country’s food value-chain and also create multiple employment opportunities, as well as investment opportunities in farming, retail, storage infrastructure, and quality control.

The Indian food processing industry is also well supported by a large number of research institutions like National Dairy Research Institute (NDRI), Central Food Technological Research Institute (CFTRI), National Research and Development Center (NRDC) and Central Institute of Fisheries Technology (CIFT), among others, which in a way is driving the growth of the market.

Key deterrents to the growth of the market:

High cost of processed food poses a major threat to the growth of the market. A large part of the final price paid by customers comprises transportation costs and trader margins at various levels of the distribution network.

Even with the increasing disposable income of Indians, the higher price of processed foods acts as an impediment to its adoption in some cases.

Companies profiled:

• ADF Foods Limited

• Dabur India Limited

• ITC Limited

• Kohinoor Foods Limited

• Vadilal Industries Limited

• Nestle India Limited

• Adani Wilmar Limited

• Gujarat Cooperative Milk Marketing Federation

• MTR Foods Private Limited

• Ushodaya Enterprises Private Limited

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Table of Contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

3.1. Market definition and structure

3.2. Market value-chain analysis

Chapter 4: India food processing market

4.1. Market overview

4.2. Market size and growth forecast – value-wise (2016-2023e)

4.3. Processing level percentage in different food segments

Milk

Meat

Poultry

Fruits and vegetables

4.4. Stages of food processing

Continued……………..

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