Global Transport Industry Outlook Survey 2011–2012: Industry Dynamics, Market Trends and Opportunities, Buyer Spend and Procurement Strategies

Of respondents from the Rest of the World and North America, 64% and 61%, respectively, are ‘more optimistic’ about revenue growth, followed by 60% of respondents from Asia-Pacific and 51% from Europe.

London, December 20, 2011 – The steps taken by transport industry respondents to contain costs and re-evaluate strategies to overcome business threats, an increase in passenger and cargo demand, the expansion of railroad infrastructure and the channelling of marketing efforts have contributed to the gradual erosion of economic uncertainty. This has led to the transport industry being much more optimistic about revenue growth for their company in comparison to the past 12 months as expressed by 57% of respondents.

Levels of consolidation are expected to increase over the next 12 months expressed by executives from transport buyer companies (reference Figure 11 below) . Potential factors for the increase could be a result of the need to manage new cost or demand pressures, increase market shares, develop new products, repay debt or adhere to new compliance procedures. As global markets begin to recover, infrastructure activity and demand for services is expected to substantially increase in 2011. This will lead to larger companies acquiring small, local companies with strong business models and growth opportunities to integrate their services.

China has been identified as the most important region for growth among emerging markets. China has strong market potential, sufficient labor resources, expansion of its railroad infrastructure and sound corporate governance, therefore it is expected to grow rapidly in 2011. China plans to extend its rail network from 8,350 km to 13,000 km by the end of 2012. India, Brazil and the Middle East are also regions which are expected to show strong growth rates in 2011. India plans to expand its rail network during 2011–2012 for modernization activity. Brazil will host the 2014 FIFA World Cup and the 2016 Olympic Games, and they are expected to launch a bidding process for high speed rail projects with an investment outlay of US$20 billion. Furthermore the Middle East region has investment plans for the development of road infrastructure.

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Consumer Attitudes and Online Retail Dynamics in India

London, December 20, 2011 – India’s e-retailing growth is being driven by the improving computer literacy rates and the internet capabilities of the young population. However, India has a low internet penetration with 6.05% in 2010. The major reason for this is that 70% of the Indian population resides in rural areas without the infrastructure for online services.

During the review period (2005–2010), the number of internet users in India grew at a compound annual growth rate (CAGR) of 22.21%. The average internet usage per week from the internet using population in 2009 increased from 9.3 hrs to 15.7 hrs. Government initiatives, such as the National e-Governance Plan (NeGP), State Wide Area Network (SWAN), Common Service Centers (CSC) and private initiatives such as the Google internet bus project, are attempting to bring internet awareness to the rural audience (reference see figure 2 below).

During 2010, the broadband penetration rate was 11.64% of the total internet subscriber base in India. This is significant because low speed internet can act as a barrier to online retailing, while high speed internet can allow users to browse through more websites and product categories before making a product purchase. However, broadband penetration is expected to increase in the coming months as companies start marketing wireless broadband networks based on Wimax and LTE technologies.

25% of consumers are worried about personal data security related issues which prevent them for online shopping, while high delivery costs concern 20% of consumers using the internet. Meanwhile, transportation related issues worry 15% of consumers. Although household penetration of the internet is low in India, a large number of Indians access the internet outside their homes, using cyber cafes, schools, colleges and work-places which people feel to be insecure for online shopping.

70% of the Indian population resides in rural areas. The increase in the number of people purchasing from online websites has been recorded in small towns and tier III cities. The major reason for this is that a broad range of products and services are now available online which were not previously offered to small towns with limited retail outlets. In light of this, the internet has brought more products and better discounts to small towns and cities. Rural areas currently account for 40% of the online retail sales, and with the growth of online services in rural areas it is expected that online retail sales will grow alongside this provision.

In 2010, 15% of Indian internet users access the internet through their mobile handsets. With the newly developed third-generation (3G) services being marketed by telecom operators, there will be more opportunities for accessing high-speed data connectivity and internet browsing through the mobile phones, following growth in 3G penetration. However, the 3G service is currently in its early stage of development and the service is costly, which acts as an obstacle to m-commerce.

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About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

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The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

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Construction Trucks – Market Opportunities and Business Environment, Analyses and Forecasts to 2015

The residential construction market in Brazil grew at a CAGR of 17.28% during the review period (2006 to 2010), and despite weak economic conditions, the country emerged as a popular destination for real estate development.

London - December 15, 2011 – The consumption value of the global construction industry declined at a CARC of -1.95% during the review period (2006 to 2010). Whilst the Middle East region experienced the fastest growth in consumption value during the review period, Asia- Pacific and Europe were the largest consumers in 2010.

Asia-Pacific had the largest consumption value in 2010, which was supported by new infrastructure projects in China, Indonesia and India. The only country in the Asia-Pacific to register a weak consumption value was Japan. This was based on the decline in construction activity during the review period. It is expected that the consumption value of construction trucks in the Asia-Pacific region is to record a CAGR of 11.31%.

The European region as a whole recorded a decline in consumption value during the review period as a result of decreased construction activity and a lack of investment in Western European countries such as Germany, Italy and the UK. However, over the forecast period consumption growth in the region is expected to improve as Western European countries emerge from the economic crisis.

North America registered the highest decline in the consumption value of construction trucks over the review period, with a CARC of -14.62%. The factors for this decline include the effects of the sub-prime mortgage crisis, a decline in construction activity and the lack of available credit. It is expected that demand for construction trucks will grow over the forecast period supported by economic recovery, government stimulus packages, increased construction activity and improvement in consumer confidence.

During the review period, Middle East had the smallest share of the global construction trucks market in 2010. However it recorded a CAGR of 12.7% during the review period. This growth was a result of increased transport infrastructure investment to improve transport links in Saudi Arabia and the UAE, and investment to make the Middle East a favorable business environment in order to attract increased foreign investment.

The second smallest consumer of construction trucks in 2010 was South America, recording a CAGR of 2.92% in the review period (2006 to 2010). Consumption growth in this region was largely a result of the high level of infrastructure construction activity and mining investment in the review period (2006 to 2010). There has been substantial investment in Brazil as they will be hosting the FIFA World Cup in 2014 and Summer Olympic Games in 2016. As a result of the investment, there is expected to be an increase in construction activity. Therefore, South America‘s construction trucks consumption is expected to increase at a CAGR of 7.25% over the forecast period (2011 to 2015).

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About Industry Review:

Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

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The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

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Global Beer Trends Report 2011

The international beer market staged something of a recovery in 2010 with global beer consumption increasing by 2.4%. This marks a dramatic improvement on the 0.5% growth seen in 2009, but is still well below the 5%+ growth rates seen earlier in the decade.

London - December 12, 2011 - Beer consumption patterns differ widely across the globe and regional growth rates reflect this. The Asian beer market grew by 6% last year to reach 650 mhl, and now accounts for over a third of global beer consumption. Africa, on the other hand, despite making up just over 5% of the global beer market, performed very strongly, registering an 8% growth in volume in 2010.

Latin America also witnessed positive growth of over 3%. In contrast, European beer volumes declined by just over 1% in Eastern and Central Europe, and by almost 2% in Western Europe.
Volumes in North America fell by just over 1% whilst the Australasian beer market only achieved 1% growth.

Drilling down further into individual markets, Canadean’s latest Global Beer Trends report reveals further variations in the overall growth pattern. China continues to be the engine of growth both in Asia and globally. 2010 saw Chinese beer consumption increase by 6%, and now one in every four pints of beer worldwide is consumed in China.

Beer volumes in India grew by a dramatic 17% in 2010, but per capita consumption remains below 2 litres. Vietnam was the other star performer in Asia delivering a 15% increase in volume. Brazil continued to lead the Latin American pack and posted an 8% volume increase.

Markets in East & Central Europe continued to struggle, with consumption in the Czech Republic declining by 7% and Romania and Serbia both seeing volume declines of around 5%. The decline in Russian beer consumption slowed to around zero %, whilst consumption in the Baltic States (Estonia, Latvia and Lithuania) actually increased.

In Western Europe, Denmark and the UK saw the biggest volume losses with consumption falling by 6% and 4% respectively. Every single Western European market suffered a loss in volume in 2010, even those markets in Southern Europe like Spain, Portugal, Italy and Greece, which had previously shown growth.

On a global scale, per capita consumption remains relatively low at just 27 litres. The Czechs remain the world’s leading beer drinkers with 135 litres per capita beer consumption in 2010. However, this is a long way below the 160 litre level that the Czechs registered until the current economic crisis hit in 2008. Austria, Germany and Ireland are the only other markets where beer consumption exceeds 100 litres. Despite witnessing extremely strong growth, per capita consumption of beer in India remains one of the lowest in the world at just 1.5 litres.

Looking forward, Canadean expects global beer consumption to top 2 billion hectolitres by 2013. The biggest contributor to this growth will be Asia which is forecast to increase by 187 mhl between 2010 and 2016. Canadean predicts that the Chinese beer market will reach over 600 mhl by 2016, making it almost twice the size of the second largest market, USA.

In percentage terms, Canadean forecasts Latin America to perform the strongest with a 33% increase in volume from 2010 to 2016, driven mainly by Brazil, which is expected to reach almost 200 mhl by 2016. Canadean is forecasting a partial recovery in Eastern & Central Europe, although recently announced changes in the legislative environment concerning the sale, promotion, packaging and distribution of beer in Russia, may knock this off course. The Western European beer market would appear to be in long term volume decline, and Canadean is predicting the loss of a further 24 mhl by 2016, although of course, in value terms, the market remains crucially important. Overall per capita consumption is expected to remain below 30 litres on a global scale suggesting that there is considerable room for growth for many years to come.

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Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

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The Vietnamese Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015

The Vietnamese defense industry is expected to undergo a period of investment with a considerable increase of expenditure from 2011–2015 (the forecast period). This investment comes from the increasing necessity to improve the now outdated Vietnamese military technology and a wariness of China’s growing military power, which is perceived as hostile to Vietnam.

London, December 12, 2011 – Vietnam is also expected to increase spending on homeland security, as its location near maritime trade routes and shared borders with several other countries make it a prime location for illicit drug and people trafficking as well as smuggling. As such, Vietnam will need to invest to improve border surveillance and critical infrastructure.

The Vietnamese defense industry is not self-sufficient, and Vietnam is dependent on foreign imports to supply its military. Russia has dominated Vietnam’s defense imports throughout 2006–2010 (the review period) and this is expected to continue in the forecast period. Vietnam has, however, undertaken a policy of building cordial relationships with its neighbors and western countries to have potential allies against China’s growing influence. As a result of this policy there are new opportunities for entry into the Vietnamese defense industry.

Vietnam’s defense expenditure expected to increase at a CAGR of 14.32% during the forecast period
The Vietnamese defense expenditure, which was around US$3 billion in 2011, is expected to reach around US$5 billion in 2015. It recorded a compound annual growth rate (CAGR) of 19.13% during the review period and is expected to grow at a CAGR of 14.32% during the forecast period. This defense expenditure growth should be accompanied by a modest growth in defense expenditure as a percentage of GDP from 2.5% in 2011 to 2.8% in 2015. Overall, the country is expected to spend an estimated US$18.6 billion on its armed forces during the forecast period, of which approximately US$6.4 billion will be allocated for capital expenditure.

During the review period, the country allocated an average of 31% of its defense budget for capital expenditure and 69% for revenue expenditure. However, during the forecast period, the share of capital expenditure in the overall defense budget is predicted to increase to an average of 35%. The main reasons for this growth in capital expenditure are that Vietnam is seeking to modernize its armed forces and has planned a number procurement programs to run during the forecast period. Capital expenditure also saw a slight increase in 2009, when Vietnam signed deals for the procurement of six Kilo class submarines and 12 Su-30 aircrafts from Russia.

The country’s homeland security spending is expected to increase at a CAGR of 12.90% during the forecast period

Vietnamese homeland security expenditure registered a CAGR of 19.27% during the review period and is expected to grow at a CAGR of 12.90% during the forecast period to reach over US$2 billion in 2015. Homeland security improvements are required in Vietnam as it is a prime location for illicit drug and people trafficking as well as smuggling, due to its strategic location near maritime trade routes and the borders the country shares with several other countries. Throughout the forecast period, homeland security equipment manufacturers expect to experience increased demand for products which are capable of enhancing seaport and airport security to prevent drug trafficking and smuggling. Vietnam also intends to invest in border surveillance equipment such as CCTV technology and biometric identification systems. Furthermore, increased demand is expected for equipment to protect Vietnam’s critical infrastructure, borders and maritime security.

Russia accounts for the majority of Vietnam’s defense imports

Vietnam’s domestic defense production capabilities are relatively underdeveloped, as a result of which the country relies on foreign original equipment manufacturers (OEMs) to meet its military requirements. During the review period, Russia emerged as the largest supplier of military hardware to Vietnam, providing 93% of Vietnam’s defensive imports, followed by Ukraine with 6% and Romania and Israel sharing less than 1% each. In 2010, Russia accounted for 98% of the country’s defense imports. The main equipment which Russia supplies to Vietnam consists of surface combat vessels, submarines and aircraft.

Foreign OEMs venture into the market through government to government deals and direct commercial sales

Vietnam’s limited domestic defense industrial capability offers an opportunity for a considerable number of foreign OEMs to venture into the Vietnamese defense market. The country’s defense industry is largely dominated by Russian defense equipment suppliers, but during the forecast period European suppliers are expected to enter Vietnam’s military market thorough the direct commercial sale of advanced defense systems. Moreover, Vietnam prefers government to government deals in procuring defense systems. The General Import-Export Vanxuan Corporation (VAXUCO), a military goods importer owned by the Ministry of Defense (MOD), is the only designated importer for the MOD for non dual-use military goods, and is authorized to sign purchases on behalf of the MOD. Hence developing government to government relationships is expected to open up business opportunities.

Lack of private participants and a lack of transparency restrict domestic defense industry growth

In March 2011, the Vietnamese government passed legislation that prohibits selling stakes of state-owned defense companies to the private sector. The legislation also requires that the state will hold 100% of the charter capital in enterprises involving national defense, and security and military held commercial enterprises. This legislation prevents private participation and thwarts any foreign direct investment into the country’s defense sector. Furthermore, Vietnam does not give any specifics on the defense budget break-down or amount spent on procurement. This lack of transparency within the government budget allocation and procurement plans can discourage investors from entering the country’s defense market.

About Industry Review:
Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries. We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

For more information, please visit our website at www.industryreview.com

For more information on the article, please contact:

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