Electronic Component Market in Singapore to 2017 | Market Trends

Current market situation and trends unveil the future prospects of the electronic component market in Singapore to 2017. Important product segments include cards incorporating a magnetic stripe, cards incorporating an electronic integrated circuit, electrical capacitors, electrical resistors, potentiometers and rheostats, electronic integrated circuits and micro-assemblies, electronic printed circuits, semiconductor devices, thermionic and cold cathode valves and tubes.



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Thermal Power in Saudi Arabia | Market Outlook and Company Profiles

Analysis of the power market scenario in Saudi Arabia in addition to an in-depth study of the active thermal power plants in the country, upcoming thermal installation details, and major equipment market size and company snapshots of some of the major market participants provides a future outlook of the industry with forecasts up to 2025. Key policies and regulatory framework supporting thermal power development assist in identifying key growth and investment opportunities in Saudi Arabia thermal power market. Company snapshots of some of the major market participants in the country facilitate understanding and responding to competitors business structure, strategy and prospects.



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Convenience, indulgence, adventure and gender are all set to have a significant impact on consumer trends related to the UK ready meals market to 2017

Although the maturity of the UK ready meals market has resulted in static growth in terms of sales value between 2007 and 2012, it is forecasted to grow significantly at a CAGR of 4.7%, between 2012 and 2017. In recent years, much attention has been paid to cooking becoming more common among men: it is no longer viewed as a chore and is more often considered as a life-skill akin to having a successful career, one that can enhance a person’s image. However, while this is indeed true to an extent, UK males are still more reliant on ready meals than women.

Despite social shifts, and a dominant media presence that has overstated their impact, women are still typically more likely to take on traditional roles within the family home, such as looking after the dietary habits of children and cooking. Consequently, women tend to have more time and motivation to cook, in addition to possessing the confidence to prepare a more varied selection of meals. Thus, despite a growing segment of the male population that is more confident of their role in the kitchen, it is important not to overstate this trend, with male consumption of ready meals still being 4.3% higher than the proportion of society they represent.

Unlike the gender split, however, an analysis of different age groups’ consumption of ready meals does not reveal any particular group that significantly under- or over-consumes in the UK ready meals market. This is a reflection of how consumers of all ages and life-stages (for example, with or without children) have in some degree integrated convenient and processed food products into their diet that is, in turn, influenced by busy lifestyles.

It is this shift in lifestyle that has emerged as the largest motivator for indulging in ready meals in the UK: consumers are tending to delay responsibilities such as marriage and children in favor of more ambitious personal and/or professional goals. In the coming years, it is expected that UK consumer lifestyles will become even more complex, with individuals becoming more ambitious and wanting to achieve a number of professional and personal goals before actually deciding to settle down. This is a reflection of a broader desire to become more adventurous, something that will tend to influence product choices: consumers will demand products that offer excitement and convenience which, in turn, will drive demand for ethnic and exotic products.

Convenience, which in many aspects sums up the aforementioned lifestyle drivers, is the key motivator of ready meal occasions in the UK. However, it is crucial that ready meal manufacturers do not become overtly reliant on positioning their products around the ‘convenience’ factor, and seek to elicit an emotional reaction from consumers by partially focusing on the indulgent aspects of products. This will serve to assure consumers that they are not unnecessarily sacrificing pleasure for convenience.

The desire for new experiences continues to be a motivator of consumer behavior, and this is reflected in the way consumers tend to seek adventure through experimental choices in food consumption. In the ready meals category, many consumers are no longer satisfied with the broad labels of ‘Indian’ or ‘Chinese’, and instead desire more regional-specific dishes that imply a greater sense of authenticity.

As this trend continues, the premium ready meals market is predicted to become a focal point for the industry, as it seeks to persuade consumers that ready meals should not be solely associated with fitness
related purposes, but can also meet the increasingly adventurous and indulgent needs of the UK’s population.
For further insights, UK Ready Meals Market

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Understanding Consumer Trend and Drivers of Behavior in Meals Market

Although the maturity of the UK ready meal market has seen it witness only static growth in terms of sales value between 2007 and 2012, it is forecasted to grow significantly at a CAGR of 4.7%, between 2012 and 2017. After witnessing only stagnant market value sales growth over the 2007 to 2012, value growth in the category is forecast to accelerate over the next five year period ending 2017. Value will grow at a faster rate than market volume. This indicates that there will be a greater willingness to trade-up among consumers when choosing ready meals. Busy lives and changing life-stages are the key drivers of change within the UK ready meal market.



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HNWI Asset Allocation in the UAE 2013

Real estate was the largest asset class for HNWIs in the UAE in 2012, accounting for 23.2% of total HNWI assets. Cash products recorded the strongest growth during 2008 to 2012, driven by a movement to safer assets during the financial crisis. Cash is expected to be the worst performing asset class resulting in a movement away from cash and towards equities.



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Gasoline and Oil Additive Market in Qatar to 2017

Market size for gasoline, oil additives by product segment, current market situation and trends unfold a host of opportunities and attract new entrants into the market, which builds up competition for the existing players. Important product segments include Lead compound based anti-knock preparations, other anti-knock preparations, lubricating oil additives with petroleum and bitumen oils, other lubricating oil additives, other gasoline and oil additives.



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Imports & Exports, Modernization, and Counterterrorism Boost Australian Defense Expenditure

With Australia’s defense imports and exports being bolstered by its Australian Industry Capability (AIC) plan and Defense Export Unit (DEU), a significant modernization and procurement initiative on the part of the Australian DOD, coupled with a rising counterterrorism spend, new research released by Strategic Defense Intelligence claims that Australia’s defense expenditure is set to grow at a CAGR of 5.1% for the next four years, reaching a peak of USD 35.2 billion by 2018.

In 2009, Australia introduced the Australian Industry Capability (AIC) plan that imposes offsets designed to give domestic companies access to external global supply chains and foreign firms’ technology. Coupled with the government’s Defense Export Unit (DEU), which assists domestic companies in gaining access to export markets and increase their customer base, this has precipitated significant steady growth in the country’s defense imports and exports.

Moreover, this trend is set to continue: 65% of all procurements are forecasted to be made from foreign companies between 2014 and 2018, while the AIC and DEU – which have successfully pulled out USD 550 million by imposing offsets on foreign firms, such as global supply chain deeds and the transfer of training programs and technology aimed at improving domestic defense capabilities – are likely to attract more foreign investment during the same period.

The Australian DOD is expected to increase its capital expenditure from USD 5.9 billion in 2013 to USD 9.5 billion in 2018, as part of a concerted modernization initiative. Revenue expenditure is also expected to increase, from USD 20.4 billion in 2013 to USD 25.7 billion in 2018, which can be attributed to the additional recruitment, training, and development programs for military personnel that are to be undertaken over the next four years. This significant procurement of training, equipment and weaponry is expected to enhance the Australian defense expenditure, thereby supporting the market’s expansion.

While Australia has historically been sheltered from terrorism, its increasingly close relationship with the US, coupled with the occurrence of several terrorist attacks on domestic soil – such as the Sydney Hilton bombing in 1978, the Turkish Consulate bombing in 1986, and the Bali bombings in 2002 – has prompted the Australian government to increase its precautionary counterterrorism measures.

In 2011, the Australian government announced that it will invest AUD 1.2 billion to bolster Australia’s border security, with a range of measures including eight new border patrol vessels and strengthened aviation security. In addition to national security issues, the country plays a crucial role in the ongoing operations in Afghanistan, which is something that continues to drive its defense expenditure directed towards counterterrorism.

For further insights, Australian Defense Industry

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Research on Australia is a leading source for market research on various sectors globally offering premium research content from worldwide publishers of market research reports.

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