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Middle East & Africa E-Cigarettes Market- Growth, Trends, and Forecast (2019 – 2024)

Consumer Goods and Services Published by: Mordor Intelligence Market: Middle East & Africa
91 pages Published: 23-07-2019
  • Consumer Goods and Services
  • Mordor Intelligence
  • Middle East & Africa
  • 91 pages
  • Published: 23-07-2019

Market Overview

 

The Middle East & African e-cigarettes market was valued at USD 267.9 million in 2018 and is estimated to register CAGR of 9.74%, during the forecast period. Over the past few years, there has been a rising awareness regarding the health hazards associated with smoking. This has resulted in high demand for alternatives to traditional cigarettes, like e-cigarettes. E-cigarettes were introduced as an alternative to traditional cigarettes. According to the estimates provided by the World Bank, 180 million premature deaths can be avoided if smoking cigarettes can be reduced to one-half by 2025, and e-cigarettes are a major step toward this achievement. With the growing popularity of vaping devices, flavor and fragrance vendors are introducing a wide variety of e-liquids to attract consumers. Different flavors, such as menthol, mint, chocolate, cola, bubble gum, and fusions of other fruits and flavoring substances, are luring a large number of consumers to adopt these e-cigarette devices. Tobacco manufacturers are focusing on technological developments and innovation, in order to attain an edge over the competitors. This has persuaded vendors to heavily invest in technology

 

Scope of the Report

 

E-cigarettes are also called vaping devices. They could contain e-liquids and can also include a miscellaneous group of devices that allow users to inhale an aerosol, which contains nicotine, flavorings, and other spices. Various types of flavors, such as mint, menthol, chocolate, cola, bubble gum, fusions of other fruits and flavoring ingredients are attracting a large number of consumers to adopt them.

 

Key Market Trends

 

Penetration of E-cigarettes in Organized Retail

 

The evolving retail industry, especially in developing countries, is marked by the emergence of many stores in the hypermarket, supermarket, and specialty store formats. The penetration of organized retail is also expected to enable consumers to seek information about various brands and compare prices and quality, which results in a better purchase decision. Vendors leverage both traditional and social media platforms for advertising. Companies create campaigns and exhibition shows to promote their brands and products, reaching out to their target audience through various social media platforms. Now, with the increasing demand, several companies have invested heavily in finding new distribution channels. Thus, e-cigarettes are available for users across a range of channels. With the growth of e-commerce and many retail stores planning to introduce e-cigarettes in their line-up to match the competition, e-cigarettes are becoming relatively easy to procure. This is driving the faster adoption of the product, resulting in healthy market growth.

 

Egypt Dominates the Market

 

Vaping is a modern trend, but even new vapes have their roots in ancient history. Egypt is known for its ancient vaping techniques, such as heating herbs and oils on hot stones to vape. According to ‘The Egyptian Journal of Hospital Medicine’, in 2016, a study was conducted in Egypt, and the results of the study showed that 57.5% of the respondents were aware of e-cigarettes. Among those who know about e-cigarettes, 41.6% believed that e-cigarettes help smoking cessation and 31.9% believed that it is less harmful than traditional cigarettes. Vendors operating in the country are introducing innovative products, in terms of functionality, flavors, ingredients, packaging, and format. Rising consumer awareness and product knowledge about various e-cigarettes have led to the introduction of high-performance and quality products in the Egyptian e-cigarettes market. The electronic cigarette and e-liquid from Intellicig Egypt have revolutionized the smoking experience for the smokers. Intellicig is one of the largest electronic cigarette manufacturer in the Egyptian market and the only company that offers its clients, after-sale service and care.

 

Competitive Landscape

 

British American Tobacco Plc. held the largest market share of the overall e-cigarette market in 2017 and strengthened its position with the acquisition of Reynolds American Inc. However, the Competition Commission blocked British American Tobacco (BAT) SA’s plans to expand into e-cigarettes in SA, with the acquisition of the Twisp, a vaping company, and has prevented the deal on the grounds that it would substantially lessen competition, impacting the company’s position. The company is subject to significantly increased competition, with Phillip Morris International, joining the vaping trend and encouraging smokers to switch to new generation devices that were claimed to be healthier in some regions. Over the past decade, Marlboro, one of the leading cigarette brands,  invested USD 4.5 billion in R&D, in order to develop advanced technology. The firm has also filed patents, with more than 3,400 granted and over 5,000 pending.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter Five Forces Analysis

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Buyers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products and Services

4.4.5 Degree of Competition

5 MARKET SEGMENTATION

5.1 Product

5.1.1 E-cigarette Devices

5.1.2 E-liquid Devices

5.2 Distribution Channel

5.2.1 Offline Channel

5.2.2 Online Channel

5.3 Geography

5.3.1 South Africa

5.3.2 Nigeria

5.3.3 Kenya

5.3.4 Ghana

5.3.5 Egypt

5.3.6 Rest of Middle East & Africa

6 Competitive Landscape

6.1 Most Adopted Strategies

6.2 Market Share Analysis

6.3 Company Profiles

6.3.1 British American Tobacco

6.3.2 Joyetech Group

6.3.3 VIP Electronic Cigarettes

6.3.4 Philip Morris International Inc.

6.3.5 Aspire

6.3.6 KangerTech

6.3.7 RITCHY GROUP

6.3.8 Innokin Technology

6.3.9 Ecigs Solutions Ltd

6.3.10 Intellicig Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

Product

E-cigarette Devices

E-liquid Devices

 

Distribution Channel

Offline Channel

Online Channel

 

Geography

South Africa

Nigeria

Kenya

Ghana

Egypt

Rest of Middle East & Africa

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Global Health and Fitness Club Market Size – Growth, Trends, and Forecast (2019 – 2024)

Consumer Goods and Services Published by: Mordor Intelligence Market: Global
124 pages Published: 18-07-2019
  • Consumer Goods and Services
  • Mordor Intelligence
  • Global
  • 124 pages
  • Published: 18-07-2019

Market Overview

 

The health and fitness club market was valued at USD 94.30 billion in 2018, and it is expected to reach USD 147.11 billion by 2024, witnessing a CAGR of 7.81% during the forecast period, 2019-2024. Consumers are willing to spend more on health and fitness club, with health aspect playing as a key role to drive the market growth across the world. The rising number of health clubs and gym with personal training and latest fitness equipment is attracting consumers to join the health and fitness clubs, which is likely to influence the market growth in upcoming years. Increasing equipment and facility spaces in fitness clubs, such as hot yoga studios, high altitude training rooms, metabolic testing equipment, medical exercise areas, and day spas are gaining popularity among the consumers, which is further supporting the market growth. Attractive membership fees offered by fitness clubs, increasing spending on marketing and advertisement, are helping the health and fitness clubs to generate more revenue.

 

Scope of the Report

 

The health and fitness club market report offers key insights into the latest developments. Based on the service type, the market is further segmented into membership fees, total admission fees, and personal training and instruction services. The geographical segmentation offers holistic, as well as specific market sentiments of every region around the world, along with their representative countries. 

 

Key Market Trends

 

Increasing Inclination Toward Health Clubs for Fitness

 

Globally, increased consumption of unhealthy food and sugar is causing obesity, which leads to diabetes, heart disease, and high blood pressure. The rise in awareness among millennials has resulted in an increase in expenditure on healthy lifestyle and fitness activities, which is encouraging them to join fitness clubs. Moreover, Gen X is more likely to be the consumer of health clubs than any other demographic, so health clubs are focusing to keep this consumer segment engaged, and continuing to invest in their gym and health memberships by offering personalized service offerings. Due to intense competition in the market, key players are trying to distinguish their service offerings by providing a unique value proposition and benefits to survive in the highly competitive environment, which is encouraging more people to join the fitness and health clubs.

 

North America Dominates the Global Market

 

The US health and fitness club market was valued at USD 31.81 billion in 2018, registering a CAGR of 7.95% during the forecast period. Rising health awareness and increasing obesity among consumers in the United States are likely to support the market growth in the region. The number of adults aged from 20 to 64, who are the largest gym-going demographic, has increased, spurring demand for gym memberships in the recent past. As a result, many baby boomers are expected to sign up for health club memberships, as they become more health conscious with age. Most multipurpose health/fitness facilities offer a wide variety of specialty exercise services, equipment, and programs designed to encourage people of all ages and fitness levels to participate in a regular exercise that drives the health and fitness club market in the United States. Some examples are LA Fitness Irvine and Life Time Fitness Chanhassen, MN, and many more.

 

Competitive Landscape

 

The most active companies in the market include key players, such as by LA Fitness International LLC, Planet Fitness, LTF Holdings Inc., 24 hour Fitness, and Gold’s Gym International. LA Fitness International LLC is one of the most active companies, with numerous brands offering a broad range of services, across the world. Moreover, the company has adopted strategic acquisition as the key strategy to increase its geographical presence and customer base. Town Sports International Holdings Inc., Chelsea Piers, EXOS, UFC Gyms, Crunch Fitness, Goodlife Fitness, and Self Esteem Brands LLC, etc. are some of the other active players operating in the health and fitness club market.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Porter Five Forces Framework

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Buyers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products and Services

4.4.5 Degree of Competition

5 MARKET SEGMENTATION

5.1 Service Type

5.1.1 Membership Fees

5.1.2 Total Admission Fees

5.1.3 Personal Training and Instruction Services

5.2 Geography

5.2.1 North America

5.2.1.1 United States

5.2.1.2 Canada

5.2.1.3 Mexico

5.2.1.4 Rest of North America

5.2.2 Europe

5.2.2.1 Germany

5.2.2.2 United Kingdom

5.2.2.3 France

5.2.2.4 Russia

5.2.2.5 Spain

5.2.2.6 Rest of Europe

5.2.3 Asia – Pacific

5.2.3.1 China

5.2.3.2 India

5.2.3.3 Japan

5.2.3.4 Australia

5.2.3.5 Rest of Asia – Pacific

5.2.4 South America

5.2.4.1 Brazil

5.2.4.2 Argentina

5.2.4.3 South Africa

5.2.4.4 Rest of South America

5.2.5 Middle East & Africa

5.2.5.1 South Africa

5.2.5.2 United Arab Emirates

5.2.5.3 Rest of Middle East & Africa

6 Competitive Landscape

6.1 Most Adopted Strategies

6.2 Market Share Analysis

6.3 Company Profiles

6.3.1 Planet Fitness Inc.

6.3.2 Town Sports International Holdings Inc.

6.3.3 UFC GYM

6.3.4 Crunch Fitness

6.3.5 The Bay Club Company

6.3.6 Gold’s Gym International Inc.

6.3.7 Equinox Holdings Inc.

6.3.8 24 Hour Fitness USA Inc.

6.3.9 Self Esteem Brands LLC

6.3.10 EXOS

6.3.11 LTF Holdings INC.

6.3.12 LA Fitness International LLC

6.3.13 Goodlife Fitness

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

Service Type

Membership Fees

Total Admission Fees

Personal Training and Instruction Services

 

Geography

North America

United States

Canada

Mexico

Rest of North America

Europe

Germany

United Kingdom

France

Russia

Spain

Rest of Europe

Asia – Pacific

China

India

Japan

Australia

Rest of Asia – Pacific

South America

Brazil

Argentina

South Africa

Rest of South America

Middle East & Africa

South Africa

United Arab Emirates

Rest of Middle East & Africa

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Global Fragrances and Perfumes Market – Growth, Trends, and Forecast (2019 – 2024)

Consumer Goods and Services Published by: Mordor Intelligence Market: Global
134 pages Published: 18-07-2019
  • Consumer Goods and Services
  • Mordor Intelligence
  • Global
  • 134 pages
  • Published: 18-07-2019

Market Overview

 

The fragrances and perfumes market was valued at USD 52.7 billion in 2018 and is expected to be worth USD 72.3 billion by 2024, registering a CAGR of 5.5% during the forecast period, 2019 to 2024. Key players in the market studied are focusing on developing natural fragrances, primarily due to the rising concerns regarding an issue related to synthetic fragrances, such as allergies and toxins. For instance, LUXE brand is positioning itself as a natural fragrance brand and is collaborating with celebrities for product endorsement. Increasing consumer expenditure on personal care products and rising awareness regarding the therapeutic benefits associated with fragrance are driving the market’s growth. The growing popularity of perfumes and increasing demand for higher fragrance concentration are driving the sales of parfums (pure perfume), which have 15% to 40% fragrance concentration.

 

Scope of the Report

 

Fragrances and perfumes have improved the grooming habits of individuals and have become important products of day-to-day life. Perfume and fragrance products are used to relieve unpleasant body smell produced due to sweating.

 

Key Market Trends

 

Increasing Expenditure on Advertisement and Promotion

 

R&D and advertisements are driving the growth of the market studied. Key players are investing in these factors, in order to influence the consumer purchase decisions. The rising influence of social media and celebrity endorsement is impacting the advertisement strategies adopted by key market players. Key market players are heavily investing in advertisement and promotion, in order to attract consumers on the digital platform. For instance, L’Oréal developed a tool known as the dubbed cockpit, which measures the ROI and productivity of its media investments in real time. This enables better decision-making while formulating performance strategies. In 2017, L’Oreal spent USD 9.16 billion on advertisement and promotional activities, an increase of 4.91%, during the period between 2014 to 2017.

 

Asia Pacific Has the Largest Market Revenue

 

With increasing disposable income, more local consumers pursue quality products, especially young consumers, which are increasingly crucial for improved consumption. This shows a shift from mass to premium fragrances. Perfumes and fragrances play an increasingly important role in the growth of luxury brands, especially in China, driven by emerging middle-class consumers and millennials who pursue high-end lifestyles. Premium women’s fragrances remained as the most important type, within fragrances and perfume in India. This sector is expected to grow in the forecasted period. With the introduction of perfumes with synthetic ingredients, other products (such as attars) are facing tough competition. This synthetic perfumes segment takes over a major market share.

 

Competitive Landscape

 

The fragrances and perfumes market is a highly fragmented market and comprises of international and regional competitors. Coty Inc., L’Oreal, LVMH, and Estée Lauder dominate the market with the help of major strategies, namely acquisitions, expansions, and product launches. The rest of the market is occupied by small players, who are specific in manufacturing various personal care and cosmetics products. Companies compete on different factors, including product offerings, price, ingredients, and marketing activities, in order to gain a competitive advantage in the market. Key players are focussing on the online distribution channels for the online marketing and branding of their products to attract more customers. Some of the other prominent players in the market are Shiseido Co., Ltd, Revlon Inc., Chanel SA, Hermès International SA, and Avon Products Inc.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

1 INTRODUCTION

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Drivers

4.2 Market Restraints

4.3 Porter Five Forces Framework

4.3.1 Bargaining Power of Suppliers

4.3.2 Bargaining Power of Buyers

4.3.3 Threat of New Entrants

4.3.4 Threat of Substitute Products and Services

4.3.5 Degree of Competition

5 MARKET SEGMENTATION

5.1 Product

5.1.1 Parfum or de Parfum

5.1.2 Eau de Parfum (EDP)

5.1.3 Eau de Toilette (EDT)

5.1.4 Eau de Cologne (EDC)

5.1.5 Other Product Types

5.2 Consumer Group

5.2.1 Men

5.2.2 Women

5.2.3 Unisex

5.3 Category

5.3.1 Natural

5.3.2 Synthetic

5.4 Distribution Channel

5.4.1 Offline Retail Stores

5.4.2 Online Retail Stores

5.5 Geography

5.5.1 North America

5.5.1.1 United States

5.5.1.2 Canada

5.5.1.3 Mexico

5.5.1.4 Rest of North America

5.5.2 Europe

5.5.2.1 Germany

5.5.2.2 United Kingdom

5.5.2.3 France

5.5.2.4 Russia

5.5.2.5 Italy

5.5.2.6 Spain

5.5.2.7 Rest of Europe

5.5.3 Asia – Pacific

5.5.3.1 China

5.5.3.2 India

5.5.3.3 Japan

5.5.3.4 Australia

5.5.3.5 Rest of Asia – Pacific

5.5.4 South America

5.5.4.1 Brazil

5.5.4.2 Argentina

5.5.4.3 Rest of South America

5.5.5 Middle East & Africa

5.5.5.1 South Africa

5.5.5.2 Saudi Arabia

5.5.5.3 Rest of Middle East & Africa

6 Competitive Landscape

6.1 Most Adopted Strategies

6.2 Market Share Analysis

6.3 Company Profiles

6.3.1 Coty Inc.

6.3.2 Shiseido Company Limited

6.3.3 L’Oral SA

6.3.4 LVMH Mot Hennessy Louis Vuitton SE

6.3.5 Revlon Inc.

6.3.6 Avon Products Inc.

6.3.7 Abdul Samad Al Qurashi

6.3.8 Herms International SA

6.3.9 Este Lauder Companies Inc.

6.3.10 Oriflame Holding AG

6.3.11 Inter Parfums Inc.

6.3.12 PDC Brands

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

Product

Parfum or de Parfum

Eau de Parfum (EDP)

Eau de Toilette (EDT)

Eau de Cologne (EDC)

Other Product Types

 

Consumer Group

Men

Women

Unisex

 

Category

Natural

Synthetic

 

Distribution Channel

Offline Retail Stores

Online Retail Stores

 

Geography

North America

United States

Canada

Mexico

Rest of North America

Europe

Germany

United Kingdom

France

Russia

Italy

Spain

Rest of Europe

Asia – Pacific

China

India

Japan

Australia

Rest of Asia – Pacific

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

South Africa

Saudi Arabia

Rest of Middle East & Africa

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South Africa Hair Care Market – Growth, Trends, and Forecast (2019 – 2024)

Consumer Goods and Services Published by: Mordor Intelligence Market: South Africa
75 pages Published: 16-07-2019
  • Consumer Goods and Services
  • Mordor Intelligence
  • South Africa
  • 75 pages
  • Published: 16-07-2019

Market Overview

 

The South African haircare market is forecasted to reach a value of USD 496.64 million by 2024, registering a CAGR of 1.36% over the forecast period (2019-2024). South Africa, with around 55 million population and a shifting demographic profile, the hair care market is positively correlated with a rise in disposable income, presenting a vast potential for the consumer market. Women in the country prefer more variety in their hair care products going from braids to weaves, to chemical treatments, to other drastic style changes. Dry Shampoos are expected to revolutionize the hair care industry in South Africa. key plauyers like Batiste offers users with perfect blends of combinations in the country.

 

Scope of the Report

 

The South African hair care market includes various hair care products, such as shampoos, conditioners, hair Sprays, hair oil, and other hair care products, like hair masks, hair gels, hair serum, color, and various heat protective products. The market is segmented by distribution channel, which includes supermarket/hypermarket, specialty stores, convenience stores, and online retail stores.

 

Key Market Trends

 

Rising Urbanisation and Young Population in the Country

 

The country is witnessing a continuous rise in its urban population, along with increasing mid-age population as well. This demographic group generates higher demand for personal care and hence, hair care. Owing to this trend, people in the country are focusing on modern hair care products. The natural trend in the South African ethnic hair care segment is on the rise. This is mainly because a large portion of ethnic consumers is moving away from harsh chemical relaxers in favor of less invasive products to manage their curls. With the growing demand for hair care products, key players like Loreal Paris are trying to expand their product portfolio in the South Africa region, with increased research and development activites.

 

Growing Preference for Hair Conditioners

 

Conditioners aid in improving protein to strengthen hair and restore the lost moisture in hair. The use of conditioner aids in removing brittle hair, which is exposed to various elements. The use of conditioners is expected to increase, owing to various movements for protection of ethnic hairstyles, especially in South Africa. Key players have been providing various customizations in conditioner products, such as pack conditioners, leave-in, hold, and ordinary conditioners for various hair types and situations to cater to a large number of customers. The inclusion of natural ingredients with moisturizing properties is owing to an increase in demand for natural hair conditioners in South Africa. Few of those natural ingredients used in conditioners include olive oil, argan oil, and monoï oil.

 

Competitive Landscape

 

The South African hair care market is highly competitive, with the presence of numerous global, as well as local players. Key players in the market are trying to gain a competitive advantage over other players with high product innovation. Also, increasing investment in R&activitieses by the local players for customized products has enabled them to gain traction in the makret. Few of those prominent players include: Loreal Paris Professional, Unilever South Africa, Kao Corporation, and Procter & Gamble among others.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support

1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY
3.1 Market Overview

4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters 5 Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Shampoo
5.1.2 Conditioner
5.1.3 Hair Oil
5.1.4 Hair Spray
5.1.5 Other Product Types
5.2 By Distribution Channel
5.2.1 Supermarket/Hypermarkets
5.2.2 Convenience Stores
5.2.3 Specialty Store
5.2.4 Online Retail Stores

6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Key Strategies Adopted
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Unilever South Africa (Pty) Ltd
6.4.2 Procter and Gamble SA (Pty) Ltd
6.4.3 L’oreal South Africa (Pty) Ltd
6.4.4 Amka Products (Pty) Ltd
6.4.5 Estee Lauder Cos South Africa (Pty) Ltd
6.4.6 AVON PRODUCTS

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

MARKET SEGMENTATION

 

 

By Product Type
Shampoo
Conditioner
Hair Oil
Hair Spray
Other Product Types

 

By Distribution Channel
Supermarket/Hypermarkets
Convenience Stores
Specialty Store
Online Retail Stores

 

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Market Entry – Tourism and Hotel Industry in Vietnam: Analysis of Growth, Trends and Progress (2015-2020)

Consumer Goods and Services Published by: Mordor Intelligence Market: Việt Nam
Unknown Published: 24-06-2019
  • Consumer Goods and Services
  • Mordor Intelligence
  • Việt Nam
  • pages
  • Published: 24-06-2019

Market Overview 

 

Tourism is an important component of their economy, as well as a significant source of foreign exchange revenues, contributing to 9.3% of country’s GDP. Good travel and tourism policies enable 10 million international visitors annually. Indonesia’s tourism sector accounts for approximately 4% of the total economy and plans to double the figure by 2019 by improving infrastructure, accessibility, health & hygiene, as well as enhancing online promotional marketing strategy, leading to opportunities in upcoming markets. The government has also revised its visa-free access policy in 2015 to attract more foreign tourists. Famous tourist destinations like Bali and Jakarta have already seen a large influx of investment in recent years, especially, in the upper end of the market, leading to excessive supply, promoting the establishment of hotel industry.

 

About the Geography                  

 

Vietnam is a communist state located in the South China Sea bordered by China, Myanmar, and Thailand. It is the largest recipient of FDI in Asia after China and India. Earlier it used to rely on traditional industries only, but in the past few years, the government has done very well to attract huge foreign investments into the country.

The country is rapidly developing into a manufacturing hub due to its stable economy, young and cheap workforce, and socio-political stability. The government is committed to liberalizing the economy and introduce reforms to create an atmosphere of the free market. Samsung and LG have partnered with the government to manufacture everything starting from smartphones to ships. Vietnam’s FDI inflows are now being directed towards real estate, tourism, and heavy industry. Major investors are South Korea, Malaysia, and the UK. The government has set up new SEZ and FTZ and introduced tax benefits to attract foreign investments. Vietnam must work on its financial reforms and curb corruption to reach its potential to beat its Asian counterparts in attracting foreign investment. Also, Vietnam is a member of ASEAN and WTO and is committed to fair trade.

 

The Market Entry Series

 

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

Table of Contents

1. Introduction

1.1 Scope of the Report

1.2 Regional Analysis

1.2.1 PESTLE Analysis

1.2.2 Analysis of Ease of Doing Business

2. Market Dynamics

2.1 Drivers

2.2 Restraints

2.3 Opportunities

3. Market Demand Analysis

3.1 Socio-Economic Segmentation

3.2 Demographic Strengths & Weaknesses

3.3 Spending Patterns

3.4 Target Market Identification

4. Market Size of Hotel and Tourism industry by Type (USD millions)

4.1 Vacation tourism

4.2 Medical toursim

4.3 Cultural toursim

4.4 Eco toursim

4.5 Adventure toursim

4.6 Cruise toursim

4.7 Event toursim

5. Market Entry

5.1 Market Entry: The Strategy

5.1.1 Types of Entry Modes, by Market Entry Objectives

5.1.2 Competition Analysis

5.1.2.1 Market Share

5.1.2.2 Strategies Adopted, Recent Events 

5.1.3 Pricing Strategy

5.1.4 Supply Chain Analysis

5.1.4.1 Trade (Import-Export Analysis)

5.1.4.2 Distribution Network & Retail Analysis

5.2 Market Entry: The Administration

5.2.1 How to Register a Company (Flowchart)

5.2.2 Registration Processes 

5.2.2.1 Ministries Involved

5.2.2.2 Criteria and Conditions

5.2.3 List of Forms & Documents

5.2.4 Product Control Guidelines specified by the Government

6. Sources

7. Disclaimer

MARKET SEGMENTATION

 

Hotel and Tourism Industry by Type (USD millions)

Vacation tourism

Medical toursim

Cultural toursim

Eco toursim

Adventure toursim

Cruise toursim

Event toursim

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Market Entry – Luxury Hospitality Industry in Vietnam: Analysis of Growth, Trends and Progress (2015-2020)

Consumer Goods and Services Published by: Mordor Intelligence Market: Việt Nam
Unknown Published: 24-06-2019
  • Consumer Goods and Services
  • Mordor Intelligence
  • Việt Nam
  • pages
  • Published: 24-06-2019

Market Overview 

 

Luxury hospitality is a fast-growing market, especially with the growth of tourism and travel industry. The worldwide travel & tourism industry continued to see strong growth throughout 2015 and international tourist arrivals are predicted to grow by 3-4% per year, to reach 1.8 billion in 2030, according to the UNWTO report. Its long-term outlook ‘Tourism Towards 2030’ sees substantial potential for further growth coming from emerging economy destinations in Asia, Latin America, Central and Eastern Europe, the Middle East and Africa, growing at double the rate (+4.4% per annum), than the advanced economy destinations (+2.2% per year). In the past, raising a hotel company required enormous capital investment, but over the last two decades, many hotel groups have expanded by adopting an “asset light” model of management, rather than owning properties, by just franchising their brand to a third-party operator against a fee. Due to the continuous growth of the labor-intensive and productivity-reliant travel and tourism industry, the sector is expected to experience some difficulties in providing enough qualified talent for the forecasted 80 million new jobs created over the next ten years, according to the World Travel & Tourism Council (WTTC). Some of the major luxury hotels include Starwood Hotels & Resorts, Four Seasons Holdings Inc., InterContinental Hotels Group PLC, ITC Hotels Limited, The Indian Hotels Company Limited, Mandarin Oriental International Limited, Jumeirah International LLC, Shangri-La International Hotel Management Ltd., Kerzner International Resorts, Inc., and Marriott International Inc.

 

About the Geography                  

                                                                                

Vietnam is a communist state located in the South China Sea bordered by China, Myanmar, and Thailand. It is the largest recipient of FDI in Asia after China and India. Earlier it used to rely on traditional industries only, but in the past few years, the government has done very well to attract huge foreign investments into the country.

The country is rapidly developing into a manufacturing hub due to its stable economy, young and cheap workforce, and socio-political stability. The government is committed to liberalizing the economy and introduce reforms to create an atmosphere of the free market. Samsung and LG have partnered with the government to manufacture everything starting from smartphones to ships. Vietnam’s FDI inflows are now being directed towards real estate, tourism, and heavy industry. Major investors are South Korea, Malaysia, and the UK. The government has set up new SEZ and FTZ and introduced tax benefits to attract foreign investments. Vietnam must work on its financial reforms and curb corruption to reach its potential to beat its Asian counterparts in attracting foreign investment. Also, Vietnam is a member of ASEAN and WTO and is committed to fair trade.

 

The Market Entry Series

 

Exploring global markets is now recognized as the shortest way to ensure high time to efficiency conversion, when trying to expand revenues past domestic markets, for firms both large and small. Our market entry series, priced suitably low contains the essentials of all the parameters (Refer: Table of Contents) you must be apprised of before you can have a well informed contemplation of a business opportunity in your choice of industry, in your choice of geography.

 

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– The market estimate (ME) sheet in Excel format

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– 3 months of analyst support

 

1. Introduction

1.1 Scope of the Report

1.2 Regional Analysis

1.2.1 PESTLE Analysis

1.2.2 Analysis of Ease of Doing Business

2. Market Dynamics

2.1 Drivers

2.2 Restraints

2.3 Opportunities

3. Market Demand Analysis

3.1 Socio-Economic Segmentation

3.2 Demographic Strengths & Weaknesses

3.3 Spending Patterns

3.4 Target Market Identification

4. Market Size of Luxury hospitality industry by Type (USD millions)

4.1 Business Hotels

4.2 Suite Hotels

4.3 Airport Hotels

4.4 Resorts

4.5 Others

5. Market Entry

5.1 Market Entry: The Strategy

5.1.1 Types of Entry Modes, by Market Entry Objectives

5.1.2 Competition Analysis

5.1.2.1 Market Share

5.1.2.2 Strategies Adopted, Recent Events 

5.1.3 Pricing Strategy

5.1.4 Supply Chain Analysis

5.1.4.1 Trade (Import-Export Analysis)

5.1.4.2 Distribution Network & Retail Analysis

5.2 Market Entry: The Administration

5.2.1 How to Register a Company (Flowchart)

5.2.2 Registration Processes 

5.2.2.1 Ministries Involved

5.2.2.2 Criteria and Conditions

5.2.3 List of Forms & Documents

5.2.4 Product Control Guidelines specified by the Government

6. Sources

7. Disclaimer

  • Market Segmentation
  • Market Size of Luxury hospitality industry by Type (USD millions)

    Business Hotels

    Suite Hotels

    Airport Hotels

    Resorts

    Others

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