Market Overview
The Europe car maintenance products market accounted for USD 42.96 billion in 2020 and is estimated to reach USD 69.91 billion by 2027 at ~7.17% CAGR. The car maintenance products market includes companies that offer aftermarket maintenance and servicing of the vehicles to improve the life of the vehicle by replacing the vehicle consumable products such as tires, batteries, wear & tear parts, air filter, cabin filter,filtersilter, wipers blades, collision body, starters & alternators, and others. Factors such as an increase in the average age of vehicles due to technological advancements and the growing automotive industry fuel the growth of the Europe car maintenance products market. Car maintenance involves the repair and maintenance of automotive components and parts. These could be various types of oils, filters, tires, or other components. Car maintenance is one of the major markets in the automotive industry.
These market players are adopting several organic and inorganic growth strategies, such as product enhancements, product launches, partnerships, agreements, and collaborations, to improve their position and excel in the European market. The Europe car maintenance products market consists of various global and regional service providers who are continuously evolving to enhance their market position. Growing demand for aftermarket parts and products, and the developing automotive industry are the key factors that are aiding the market growth. However, the rising cost of raw materials is expected to limit the growth of the European market during the forecast period. The car maintenance product manufacturers compete based on technology, efficiency, and reliability of products to sustain in the market. It is important for car maintenance product manufacturers to provide products or solutions according to the need of the industry and customers’ needs and advanced technology to maintain their market position and gain a competitive advantage. Vendors in the car maintenance products market are focusing on improving their technologies and upgrading products and expanding into developing countries.

Market Segmentation
The global Europe Car maintenance products market structure is segmented into service providers, services and parts, and country.
This study provides detailed information about the industry trends and dynamics, market size, competitive landscape, and growth opportunities. This research report categorizes the car maintenance products market based on services & parts, service providers, and country. Based on services & parts, the market has been divided into Engine Oil, Gear Oil, Brake Oil, Tires, Batteries, Air Filters, Cabin Filters, Oil Filters, Wiper Blades, Starters & Alternators, Lighting, Exhaust Components, and Spark Plugs. The countries included in the study are Germany, France, Belgium, the Netherlands, and Luxembourg.

Regional Analysis
The report on the Europe car maintenance products market has been segmented based on country as Germany, France, Belgium, Netherlands, and Luxembourg.
Major Players
The major market players operating in Europe’s car maintenance products are Sumitomo Corporation Europe, Belron S.A., Bosch Auto Parts, STP (Energizer Holdings), Mann+Hummel, Exxon Mobil Corporation, and Sumitomo Corporation Europe.
 

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Market Synopsis
Europe tin packaging for souvenirs market is anticipated to register a healthy market expansion at a healthy CAGR OF 4.8% to reach the market worth of USD 320.59 Million by 2026. Tin packaging process is used for enclosing or protecting products for their distribution, storage, and sale. This type of packaging is used across multiple industries such as, souvenir products, food & beverages, and personal care. The packaging type has gained more popularity owing to the properties of high durability, safety, and convenience.

The demand for tin packaging for souvenirs is growing rapidly in the European market owing to various factors, including the demand for the increased shelf life of food products, the rising number of retail chains in developing countries, and the growing tourism sector. Additionally, the increasing number of retail chains in developing countries, and the growing tourism sector are expected to drive the growth of the tin packaging for souvenir market during the review period. Moreover, the rising retail sector is also expected to present lucrative growth opportunities for the key vendors. However, volatility in the prices of raw materials is expected to hinder market growth in future.

Market Segmentation
The Europe tin packaging for souvenir market has been segmented based on Type, Sales Channel, Application, and Region. Based on Type, the Europe tin packaging for souvenir market has been segmented into square containers & cans, cans, and others. The square containers & segment is expected to grow at a faster rate among others during the forecast period.

In 2019, the cans segment held the largest share of the Europe tin packaging for souvenir market. Based on sales channel, the market has been divided into B2B and B2C. Based on application segment, the Europe tin packaging for souvenir market has been classified into food & beverages, handicrafts & décor, household utility items, and others.
 
Regional Analysis
The region-specific analysis of Europe tin packaging market of Lithuania, Denmark, Latvia, Norway, Estonia, Sweden, Ukraine, Russia, Poland, Finland

Russia is expected to lead the market owing to the largest market share of 21.13% in 2019. The regional market growth is driven by the rising demand for tin packaging for souvenirs for packaging solutions. Additionally, the increasing need for a longer shelf-life of food and beverage products is expected to boost these packaging solutions in the country. Poland accounted for the second largest market for tin packaging followed by Sweden.

Major Players
The major market players of Europe tin packeging market includes HUBER Packaging Group GmbH (HUBER Packaging), CANPACK S.A. (CANPACK), Crown Holdings, Inc. (Crown), Emballator Metal Group, and Light Pack Company.

The post Europe Tin Packaging for Souvenirs Market Report-2026 first appeared on CRI Report.

Market insights:
The fintech market was valued at INR 2.30 Trn in 2020. It is expected to expand at a compound annual growth rate (CAGR) of ~24.56% between 2021 and 2026 to reach ~INR 8.35 Trn by 2026. Increased penetration of the internet and smartphones, and rise in partnerships between fixed service incumbents and fintech companies propel its growth. Furthermore, funding through the Start-up India initiative, financial inclusion and enablement, tax and surcharge relaxation, and financial support to promote digital payments drive the market. Furthermore, funding support by the Indian government under the Start-up India initiative, financial inclusion and enablement, tax and surcharge relaxation, and financial support to promote the use of digital payments have also propelled the growth of the industry. Major economic interventions such as demonetization, promotion of digital payments through the Digital India, and cashless economy movements have fueled the use of fintech. However, complex regulatory and compliance laws, concerns regarding data security, and threat of cybercrime are a few of the factors that impede growth. Major players operating in the market include PhonePe Private Limited, One97 Communications Limited (Paytm), One Mobikwik System Private Limited (Mobikwik), and PolicyBazar.com.

COVID-19 impact analysis:
The fintech market has benefited from the pandemic. With the onset of the pandemic, the fintech sector became the forefront of the country’s financial inclusion struggle. The adoption of digital payments and lending surged. The market witnessed ~40% rise in the number of digital transactions amid the lockdown. Owing to the fear of public gathering, people started shifting from traditional financial methods to cashless and digital methods of payment. The InsurTech segment experienced significant growth as people increasingly adopted life and health insurances. The market is expected to develop substantially with the surge in digital payments other financial technology solutions

Companies covered
• ET Money
• Ezetap
• Freecharge Payment Technologies Private Limited
• Mswipe Technologies Private Limited
• One Mobikwik System Private Limited
• One97 Communications Limited
• PhonePe Private Limited
• Pine Labs Private Limited
• PolicyBazar.com
• PayU Payments Private Limited

Global AI in Fintech Market to Increase at 36.81% CAGR, which is anticipated to reach USD 39.87 billion by 2030

The post Fintech Market in India 2021 first appeared on CRI Report.

The post E-learning Market in India 2020 first appeared on CRI Report.

The agriculture and allied sector plays a crucial role in a developing agrarian economy like India. More than 50% of the population is dependent on agriculture for livelihood.

As of 2020, the agriculture sector accounts for more than 17% of the nation’s Gross Domestic Product (GDP); however, the mechanization level in India is less than countries like Brazil (75%), the United States (95%), and China (57%).

Nevertheless, in the past few years, the country has witnessed a significant surge in the sale of agricultural machinery sales due to power availability on farms, and ease in financing options in the country.

The agricultural machinery market in India was valued at ~INR 880.23 Bn in FY 2019 and is expected to reach ~INR 1,203.01 Bn by FY 2025, expanding at a CAGR of ~5.51% during the FY 2020-FY 2025 period.

Global Agricultural Tractors Market Research Report – Forecast till 2026

Segment insights:
India is the world’s biggest tractor manufacturer, and accounts for more than one-third of the total tractor production. The tractor segment accounted for more than 80% of the market’s revenue in FY 2020.

Tractor penetration is high in northern India’s agrarian zone, principally Punjab, Haryana, and Uttar Pradesh, while in the southern and western regions of India, mainly Andhra Pradesh, Tamil Nadu, and Maharashtra, the adoption rate is low. Other segments of the market include rotavators, threshers, and power tillers.

Tractors with horsepower capacity of 30 HP-50 HP are have been sold the most and comprise more than 80% of the tractor industry revenue. However, the industry is witnessing a gradual shift towards tractors with higher capacity to suit multiple soil conditions.

Impact of COVID-19 and the way forward:
The lockdown, which was imposed by the Indian government to curb the spread of the novel coronavirus, brought trade, manufacturing and commerce to a standstill, radically transforming the business scenario in the country.

The situation has severely hampered the sale of tractors and other agricultural equipment in the country. Further, the industry is experiencing a rise in freight rates due to labor shortages and supply chain disruptions. As a result, the Indian tractor market, which is the largest segment of the agricultural machinery industry, declined by more than 10%.

Moreover, due to the temporary suspension of trade between countries, businesses are adopting the strategy of ‘producing and consuming local,’ which is expected to boost the domestic production of farm equipment.

Companies covered:
• Mahindra & Mahindra Limited
• Escorts Limited
• Force Motor Limited
• Greavers Cotton Limited
• Shivagrico Implements Limited
• VST Tillers Tractors Limited
• John Deere India Private Limited
• Tractor and Farm Equipment Limited
• International Tractor Limited
• CNH Industries India Private Limited

Agricultural Machinery Market in India 2019

The post Agricultural Machinery Market in India 2020 first appeared on CRI Report.

Market insights:
The production of cement in India is expected to reach 410.21 Mn tons by FY 2024, expanding at a compound annual growth rate (CAGR) of ~3.83% during the FY 2019-FY 2024 period, owing to rising demand from the government and housing contractors. Cement consumption is anticipated to increase at a CAGR of ~4.38% during the forecast period owing to the sanction of schemes for improving roads and highways connectivity and housing facility related programs, and growing demand from the commercial real estate sector. The major players operating in the Indian cement industry include UltraTech Cement Limited, Ambuja Cements Limited, JK Lakshmi Cement, and Ramco Cements Limited.

Market segment insights:
Among the major Indian states, the southern states of Tamil Nadu, Andhra Pradesh, and Karnataka together accounted for the highest cement production installed capacity of ~35% in FY 2018, followed by the northern states (Rajasthan, Punjab, and Haryana), which collectively accounted for ~23% of the total installed capacity.
Out of the different end user industries of cement, the housing segment accounted for the highest demand in FY 2018. Within this, ~38% demand was generated by the rural housing sector, followed by the urban housing sector (~32%). Such high demand for cement from the housing sector may be attributed to the fast execution of affordable government housing schemes like Pradhan Mantri Awas Yojna, and Housing for All by 2022. Apart from housing, commercial and industrial investments, the infrastructure segment accounted for considerable demand for cement in India.
Key growth drivers of the market:
• To develop the country’s infrastructure, the Indian government has undertaken several projects related to the construction of roads and highways, both in the rural and urban areas, along with the development of industrial hubs in different parts of the country. These schemes and initiatives are together expected to drive the growth of the Indian cement industry, since it is one of the primary materials for the successful execution of such projects.

• Essential minerals used for manufacturing cement, which include limestone (calcium), bauxite (aluminium), iron ore, and coal, are available in abundance in different parts of India. This has resulted in zero or low cost of import of raw materials for cement manufacturers, thus making cement businesses profitable in India. As a result, cement manufacturing has increased steadily, driving the supply side of the Indian cement industry over the years.

Key deterrents to the growth of the market:
Many major cement companies in India have increased their production capacity at a considerable rate over the past few years, relying mainly on government support. However, the rate of cement production has not risen at the same pace as compared to capacity expansion during the same period. This gap between installed capacity and actual production is mainly due to delays in the processes related to awarding of construction projects and decision-making regarding commencement dates, acquisition of land for construction projects, etc., at government offices, mostly for the execution of roads and highways construction projects and smart city development projects. As a result, continuous demand for cement has dropped, thus rendering parts of newly installed production capacities idle. Eventually, plant maintenance costs would increase because of excess production capacity, leading to a rise in the per capita price of cement across India.

Companies covered
• ACC Limited
• Ambuja Cements Limited
• J.K. Cement Limited
• Jaiprakash Associate Limited – Jaypee Group
• JK Lakshmi Cement Limited
• Orient Cement
• The Ramco Cements Limited
• Shree Cement Limited
• The India Cements Limited
• UltraTech Cement Limited

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The post Cement Industry in India 2019 first appeared on CRI Report.

India is the largest tractor market in the world and the 41-50 HP is the largest selling segment. It accounted for 44% of the total tractor sales in FY 2015. Tractors and power tillers have played a vital role in the overall development of agriculture in the country.

Key growth factors
Government initiatives such as Kisan Credit Card, National Mission on Agricultural Mechanization (NMAM), and Tractor Subsidy Scheme have contributed to the growth of the machinery market. Easy availability and access to low cost credit is another reason for growth in the market. This helps farmers invest in assets, obtain greater yield and income.
Strong governmental regulations on the availability of finance for agricultural mechanization tools, rural development, and high irrigation potential will drive the agricultural farm machinery industry in India.

Threats and key players
High cost of agricultural machines is one of the major challenges hampering the growth of agricultural machinery market in India. Agricultural machines are capital-intensive. As a result, it is a major investment for small and marginal farmers.
The overall land holding in India is fragmented, which is another threat to the market. Fragmentation of land leads to lower productivity levels, as farmers cannot make effective use of machinery on small farms.

Mahindra and Mahindra, Escorts, VST, and Force Motors are the major players in the agricultural machinery market in India. To stay competitive, the leading players are increasingly striving to provide innovative, cost-effective, and high-quality services to consumers.

What’s covered in the report?
Overview of the global and Indian agricultural machinery market, and historical and forecasted market size data
Trade analysis of the agricultural machinery market
Qualitative analysis of the major drivers and challenges affecting the market
Key recent developments in the Indian agricultural machinery market
Analysis of the competitive landscape and profiles of major public and private players operating in the market

Why Buy?
Get a broad understanding of the global and Indian agricultural machinery market, the dynamics of the market and the current state of the industry
Be informed about the government initiatives deployed in the market
Understand the factors driving the growth of the market
Identify key growth opportunities in the industry and make informed decisions to increase profitability
Understand major competitors’ business and market dynamics, and respond accordingly

Slide 1: Executive Summary

Socioeconomic Indicators
Slide 2: Total Population (2010-2011 – 2019-2020), Population Density (2010-2011 – 2019-2020)
Slide 3: Sex Ratio (2005, 2010, 2015, 2020), Population by Age Group (2005, 2010, 2015, 2020), Urbanization Trend (2010-2011 – 2019-2020)
Slide 4: Total Fertility Rate (2005-2010, 2010-2015, 2015-2020), Infant Mortality Rate (2005-2010, 2010-2015, 2015-2020), Total Number of Births (2005-2010, 2010-2015, 2015-2020), Total Number of Death (2005-2010, 2010-2015, 2015-2020)
Slide 5: Total Literacy Rate (2001, 2011), Rural Literacy (2001, 2011), Urban Literacy (2001, 2011)
Slide 6: GDP at Market Prices (2012-2017), FDI (2012-2016), Inflation Rate (2011-2017), Unemployment Rate (2012-2016)
Slide 7: Access to Safe Drinking Water (2001, 2011), Exchange Rate (2010-2016)

Market Overview
Slide 8: Market Definition and Structure
Slide 9: Key Facts – Agriculture Sector in India
Slide 10: Evolution of Agriculture in India
Slide 11: Agriculture Employment Scenario
Slide 12-13: Types Farming – Overview
Slide 14: Agriculture Value Chain
Slide 15: Level of Mechanization by Crop across the Value Chain (FY 2014)
Slide 16: Global Current Market Scenario, Agricultural Machinery Global Market size & Growth Forecast (Value-Wise; FY 2015 – FY 2022e)
Slide 17: India Current Market Scenario, Agricultural Machinery India Market Size & Growth Forecast (Value-Wise; FY 2015 – FY 2022e)
Slide 18: India Current Market Scenario, Tractor Market Size (Value-Wise; FY 2010 – FY 2014) and Power Tiller Market Size (Value-Wise; FY 2010 – FY 2014)
Slide 19: India Current Market Scenario, Thresher Market Size (Value-Wise; FY 2010 – FY 2014) and Rotavator Market Size (Value-Wise; FY 2010 – FY 2014)
Slide 20: Market Segmentation – Agricultural and Non Agricultural Usage of Tractors, Growth of Tractors
Slide 21: Market Segmentation – Player-Wise Segmentation of 6 Major Players in the Tractor Industry (FY 2014 – FY 2016)
Slide 22: Market Segmentation – Tractor Sales by Segment (FY 2011 and FY 2015)
Slide 23-24: Geographic Segmentation – Key Agriculture States and Their Contributions
Slide 25: Geographic Segmentation – Based on Availability of Agricultural Machinery Manufacturers
Slide 26: Geographic Segmentation – Based on Type of Manufacturers in India
Slide 27-28: PESTEL Analysis

Trade Analysis
Slide 29: Export of Agricultural, Horticultural / Forestry Machinery for Soil Preparation / Cultivation; Lawn / Sports – Ground Rollers (Value-Wise; FY 2014 – FY 2017) and Export of Agricultural, Horticultural / Forestry Machinery for Soil Preparation / Cultivation; Lawn / Sports – Country-Wise Segmentation (Value-Wise: FY 2016 and FY 2017)
Slide 30: Import of Agricultural, Horticultural / Forestry Machinery for Soil Preparation / Cultivation; Lawn / Sports – Ground Rollers (Value-Wise; FY 2014 – FY 2017) and Import of Agricultural, Horticultural / Forestry Machinery for Soil Preparation / Cultivation; Lawn / Sports – Region-Wise Segmentation (Value-Wise: FY 2016 and FY 2017)
Slide 31: Farm Machinery Trade – Tractor Trade (Volume-Wise: FY 2009 – FY 2014)
Slide 32: Farm Machinery Trade – Combine Harvesters (Volume-Wise: FY 2009 – FY 2014)

Market Influencers
Slide 33-37: Market Drivers
Slide 38-39: Market Challenges

Government Influencers
Slide 40: National Mission on Agricultural Mechanization
Slide 41: Sub-Mission on Agricultural Mechanization and Agricultural Machinery Subsidy Scheme by Government of India
Slide 42: Tractor Subsidy Scheme by Government of India
Slide 43: Pradhan Mantri Krishi Sinchai Yojana
Slide 44: Implication of GST on Agricultural Machinery

Market Trends
Slide 45-46: Custom Hiring in Agriculture Machinery

Competitive Landscape
Slide 47: List of Major Players
Slide 48-79: Profiles of Major Players

Recent Developments
Slide 80: Key Recent Developments

Appendix
Slide 81: Research Methodology

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