Retail Banking Market Dynamics

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GlobalData’s Retail Banking Market Dynamics report series identify macroeconomic and competitive dynamics that impact upon each country’s retail banking market.
It provides insight into –

  • The outlook for deposits, credit cards, personal loans, and mortgages.
  • Net changes in market share across all four product areas.
  • Overall financial performance including profitability, efficiency, and income sources.

Retail Banking Market Dynamics: Spain 2018

Retail Banking Market Dynamics: Singapore 2018

Retail Banking Market Dynamics: US 2018

Retail Banking Market Dynamics: India 2018

Retail Banking Market Dynamics: France – 2018

Retail Banking Market Dynamics: Denmark 2018

Retail Banking Market Dynamics: Sweden 2018

Retail Banking Market Dynamics: Taiwan 2018

Retail Banking Market Dynamics: UK 2018

Retail Banking Market Dynamics: Canada 2018

Retail Banking Market Dynamics: New Zealand 2018

These reports will allow you to –

  • Identify factors affecting growth prospects across the deposit, credit card, personal loan, and mortgage markets.
  • Track competitor gains and losses in market share.
  • Assess the financial performance of competitors.

 

Retail Banking Market Dynamics

Report Information:
Single User License Price: $5250
Published: 2018 – 2019
Publisher: GlobalData
Report Format: electronic pdf

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New Report – Click & Collect in the UK 2018 – 2023

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Click & Collect in the UK to Grow to £10bn by 2023 but Customer Satisfaction Lags Behind Home Delivery

The UK Click & Collect Market is set to rise 45.8% over the next five years to reach £9.8bn by 2023, but growth will slow as the fulfilment method matures and services offered by retailers are optimised, according to GlobalData.

The latest report ‘Click & Collect in the UK 2018 – 2023’ reveals that the clothing & footwear sector is by far the largest within the click & collect channel, accounting for 59.9% of spend in 2018. Although the majority of key multichannel retailers have finely tuned their proposition over recent years by extending order cut off times, increasing speed and minimising costs, service enhancements have plateaued as these elements have been optimised.

Emily Salter, Retail Analyst for GlobalData, commented: “Although 79.9% of click & collect users were satisfied with click & collect services in 2018*, this is significantly lower than for home delivery, which stands at 89.5%*.

“Retailers continue to introduce measures to meet rising consumer expectations for home delivery, such as offering same day services – led by online pureplays such as Amazon and ASOS. Next is one of the few multichannel retailers currently offering a click & collect proposition to rival the speed and cost of home delivery, through recently introducing free one hour collection in selected stores.”

Additional purchases increase the importance of click & collect to retailers, as 39.2% of customers bought an additional item while collecting their last order*. This varies quite substantially by sector though, with food & grocery items being the sector that more customers purchase an extra item from, due to the low prices and essential nature of many products, and presence in a range of stores.

Salter concludes: “A number of factors will inhibit growth of the click & collect channel, including store closures. The growing number of retailers closing stores and implementing CVAs will reduce the availability of collection points, increasing usage of alternative delivery options. Additionally, delivery saver schemes encourage customers to predominantly use home delivery as express deliveries are included in the vast majority of schemes, driving up usage of express home delivery.”

Report Information:
Single User License Price: $3500
Published: Jan 2019
Publisher: GlobalData
Report Format: electronic pdf

UK Pet Insurance: Distribution & Marketing 2018

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Purchasing preferences moved back towards price comparison sites and brokers in 2018, after a strong shift towards the direct channel in 2017. The direct channel still leads the way by over 20 percentage points (pp) for both cats and dogs, but it has seen reductions of over 5pp in both products. Unsurprisingly, consumers continue to move towards online purchases, with smartphones and tablets becoming a serious option for buying insurance. Every non-digital method saw declines in their share for cats and dogs as a result. Petplan remains dominant despite suffering a slight decline in its share of respondent selection.

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UK Pet Insurance: Distribution & Marketing 2018“, the report explores pet insurance purchasing behavior, and how consumer preferences are changing over time. It discovers what is most influential to customers when purchasing a policy and also reveals the most popular providers in the market. New trends and innovations are highlighted, as well as the key factors that will influence the market over the next few years.

Key highlights –

  • Direct to insurer remains the most popular channel of distribution for pet insurance, despite a decline in share.
  • Online via desktop PCs remains the preferred method of arranging pet cover, with all offline methods declining.
  • Switching levels remain low among pet insurance customers, but a considerable number of new entrants continue to enter the market.

 

Report Information:
Single User License Price:
 $1295
Published: Feb 2019
Publisher: GlobalData
Report Format: electronic pdf

2019: Trends to Watch in Global Wealth Management

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Technology’s Infiltration of the Wealth Management Industry will Present Cybercrime Risks in 2019

Wealth managers should use technology to grow assets under management (AUM) and reach new demographics, however, they must remain astute to consumer protection against cyberattacks, which is becoming more common in this digital age, according to GlobalData.

The latest report, ‘2019: Trends to Watch in Global Wealth Management’ identified four main trends to come in the year:

  • In the wake of CRS, non-participating countries such as the US will continue to grow as offshore centers.
  • Volatility will require a rethink of diversification.
  • As use of technology increases, wealth managers will have to take more serious action towards cybersecurity.
  • New client demographics will become more prevalent.
  • As technological change is accelerating in the wealth management industry, the threat of cyber-attacks and data breaches are an increasing concern.

Sergel Woldemichael, Wealth Management Analyst at GlobalData, says, “Only 43% of wealth managers are concerned about the effect of data breaches on their brand*, which is a relatively non-chalant approach by wealth managers towards cybersecurity that needs to change.”

Technology is growing at a rapid pace, and the risk of cyber-attacks will only grow with it. Furthermore, investors themselves are seeing data breaches regarding other aspects of their life such as social media heightening sensitivity. Wealth managers should have a contingency plan in place to reduce dampening profits and damage to brand image.

Woldemichael adds, “The typically paper-based and male-dominated wealth industry is beginning to experience client demand for technology and demographic changes. Technology has helped bridge the gap between the HNW and the masses, regarding wealth management services.”

62.1% of wealth managers believe digital channels will be more important to the next generation than the current*, so it is in wealth manager’s best interest to adapt as soon as possible to thrive and grow AUM.

Woldemichael concludes: “The historically male-dominated industry is beginning to see more women enter the trade. Not to mention the wealth of women is growing.  Wealth managers should not remain stuck in their ways as it will only damage profits – remaining adaptive and forward-thinking will be key for growth.”

 

2019: Trends to Watch in Global Wealth Management

Report Information:
Publisher: GlobalData
Report Format: electronic pdf

Solar Photovoltaic (PV) Market, Update 2018

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APAC will continue to lead global solar PV market through 2025

Asia-Pacific (APAC) will continue to lead the global solar photovoltaic (PV) market over the next seven years due to abundant availability of solar energy in the tropical countries and government support in countries such as China, India, Japan and Australia, says GlobalData.

The company’s latest report ‘Solar Photovoltaic (PV) Market, Update 2018,’ reveals that strong demand for PV in countries such as China, the US, India, Japan, Germany and Australia will drive global solar PV installations to cross 1,000 gigawatt (GW) of cumulative capacity by 2025.

Piyali Das, Power Analyst at GlobalData, comments: “The global solar PV market is growing rapidly as is evident from the annual addition since 2010. The average annual addition during 2010-2018 was 52 GW. Reduction in costs of PV due to an increase in competition, emergence of PV in new and upcoming countries in South America, Middle East & Africa and APAC regions will drive the global solar PV installations during 2018-2030. It is expected that the global solar PV market will reach 1,082GW by 2025 and 1,516GW by 2030.”

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APAC remains the leading region in the global solar PV market with a share of 58.3% in the global cumulative solar PV capacity in 2018, according to the report.

Das adds: “China, which is the largest market for PV in the world, has witnessed a declining trend in annual additions in 2018. The country’s annual additions are expected to decline in 2018 to around 42GW from 53.1GW in 2017.”

The key reason for the decline is attributed to the 2018 Solar PV Generation Notice released by the China’s National Development and Reform Commission, which has set tough limits to cut down the solar PV generation in 2018 and beyond.

However, the country will continue to dominate the global PV market and will continue install the highest PV capacities than any other country during the forecast period.

Das continues: “India, another key country in the APAC region as well as the global PV market, will continue to add record capacities each year during 2018-2022 in order to meet its aggressive national solar PV targets.”

Countries such as India and Japan have taken up auctions to increase the market uptake for solar PV, leading to cost competitiveness, and encouraging state-owned distribution utilities to award PV projects through a bidding route. Auctions allow policymakers to control both the price and quantity of PV energy by providing stable revenue guarantees for project developers while ensuring that the renewable generation target is met more precisely. Against this backdrop, many new and emerging PV markets have taken up the auctions route to increase their PV market uptake.

Das concludes: “Cutting down annual additions in China, India’s gaining momentum in the solar PV market and increase in auction-based competitive bidding are the significant factors impacting the solar PV market in 2018 and beyond.”

 

Solar Photovoltaic (PV) Market, Update 2018

Report Information:
Published: 2018
Publisher: GlobalData
Report Format: electronic pdf

UK SME Insurance: Competitor Dynamics

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AXA and Aviva dominate the UK SME insurance space across all of the 10 non-vehicle-based commercial products listed in our 2018 UK SME Insurance Survey. However, the pair have slipped within the six motor lines, with Admiral and AA in particular establishing a strong presence at the top of these markets. Meanwhile, Allianz recorded a strong performance in the liabilities lines but the little impact in the vehicle-based lines. Hiscox and Zurich are liability specialists, although they have both seen their shares decline since 2017. Within the motor lines, there is a clear trend of popular personal lines insurers also enjoying success in the SME market. This shows that established relationships are essential and easily transferred from personal to commercial lines.

Key Highlights:

  • AXA’s domination has declined slightly in terms of individual lines, but it still heads seven products.
  • Third-placed Allianz remains over 5 percentage points behind Aviva, which highlights that the top two are still way ahead of other brands despite their declines. But this is offset by Allianz underwriting the products of Barclays, which is the fourth-largest player.
  • AXA’s position in the overall market is not replicated in brokers’ preference for business placement, where Allianz and Aviva continue to top packaged and non-packaged respectively.

 

UK SME Insurance: Competitor Dynamics

Report Information:
Single User License Price:
 $3450
Publisher: GlobalData
Report Format: electronic pdf

Construction Global Industry Guide 2013-2022

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Global construction Industry had total revenues of $5,790.5bn in 2017, representing a compound annual growth rate (CAGR) of 6.4% between 2013 and 2017. The residential construction segment was the industry’s most lucrative in 2017, with total revenues of $3,169.9bn, equivalent to 54.7% of the industry’s overall value.

The shrinkage of the South American industry over the past few years has been in line with the economic woes in most of the countries of this region. The Brazilian industry, which is the largest of this region, was also affected by the cancellation of many infrastructure projects related to the Petrobras-Odebrecht scandal.

Global Construction Industry Guide provides top-line qualitative and quantitative summary information including: Industry size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Industry.

Key questions answered:

  • What was the size of the global construction Industry by value in 2017?
  • What will be the size of the global construction Industry in 2022?
  • What factors are affecting the strength of competition in the global construction Industry?
  •  How has the Industry performed over the last five years?
  • What are the main segments that make up the global construction Industry?

 

Construction Global Industry Guide 2013-2022

Report Information:
Single User License Price:
 $1495
Published: Dec 2018
Publisher: MarketLine
Report Format: electronic pdf