#IV Equipment Market Analysis in Developed Countries

[industryinsightsandanalysis]

Construction lubricants market is expected to display a steady growth by 2027

According to a new report published by UnivDatos Markets Insights the construction lubricants market is expected to grow at a CAGR of around 4% from 2021-2027. The analysis has been segmented into the base oil (mineral and synthetic oils); type (hydraulic fluid, engine oil, gear oil, transmission fluid, grease, compressor oil, and others); equipment (earth moving equipment, material handling equipment, heavy construction vehicle, and others); region/country.

The construction lubricants market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the construction lubricants market. The construction lubricants market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the construction lubricants market at the global and regional levels.

Market Overview

The demand for construction lubricants is directly proportional to the construction activities. In the last couple of decades, the global construction industry has witnessed robust growth owing to robust construction activities in countries like China, India, and the ASEAN region. For instance, according to the USGS’ cement statistics, China has used more concrete from 2011 to 2013 (6.6 gigatons) than the US in the entire 20th century (4.5 gigatons). As construction activities increase, the requirement of construction equipment eventually increases, thereby leading to an increase in demand for lubricants. Further, increasing advancement in the construction sector has helped in the development of equipment that can perform high-level work in harsh conditions. However, to perform efficiently proper maintenance is required, and lubricating the components and overall machine is thereby crucial. Owing to such factors, the global construction lubricants market is likely to showcase significant growth.

COVID-19 Impact

The recent covid-19 pandemic has disrupted the world and has brought a state of shock to the global economy. The global pandemic has impacted the construction industry by shutting down and delay in projects. The COVID-19 pandemic has significantly affected the construction lubricants market as companies across the globe faced huge financial losses due to stringent steps adopted by the governments in order to curtail the spread of the disease.

The global construction lubricants market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

Based on the base oil, the market is categorized into mineral and synthetic oils. Of both, mineral oil accounted for a significant share in the market and is likely to maintain its position during the forecast period. Mineral oil may fall in either of these three: group I, group II, and group III. Currently, group II mineral oil is widely consumed owing to its higher efficiency and lower emission. Further, industries are finding it easy to transit from group I base oil to group II base oil by changing work techniques, working with new base oil manufacturers, and changing equipment compared to group IV which is fully synthetic oil, resulting in a higher share of mineral oil.

Based on type, the market is categorized into hydraulic fluid, engine oil, gear oil, transmission fluid, grease, compressor oil, and others. Among these, the hydraulic fluid category held a significant market share owing to a large number of construction equipment in developed countries and growing demand for equipment in developing countries like China and India. Since equipment with hydraulic functionality or machinery shares a significant portion of construction equipment, thereby accounts for higher lubricant consumption.

Construction Lubricants Market Geographical Segmentation Includes:

North America (United States, Canada, and Rest of North America)

Europe (Germany, United Kingdom, France, Italy, Spain, and the Rest of Europe)

Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific)

Rest of the World

Asia-Pacific held the dominant position in the construction lubricants market, mainly because of robust construction activities in the last two decades in the region. The large and growing population base of the region which requires accommodation and rapid construction in China led to the increase in demand for construction equipment. As a result, increased the demand for lubricants. Further, countries like India have taken various steps in the last few years to improve the infrastructure sector of the region. For instance, in October 2021, the country launched the “Gati Shakti Master Plan”, a USD 1.35 trillion (INR 100 lakh-crore) project for developing a holistic infrastructure. Further, the country is developing a new airport which is likely to cost around USD 4 billion (INR 30,000 crore) and is likely to complete by 2024. With such a vast infrastructure project, the demand for construction machinery is likely to increase in the near term in the country, eventually boosting the demand for lubricants.

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The major players targeting the market include

Chevron Corporation

British Petroleum Plc.

Exxon Mobil Corporation

PetroChina Company Limited

Royal Dutch Shell Plc.

TotalEnergies SE

The Idemitsu Kosan Company Ltd.

China Petroleum & Chemical Corporation

The PJSC Lukoil Oil

Fuchs Petrolub SE

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the construction lubricants market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the construction lubricants market?

• Which factors are influencing the construction lubricants market over the forecast period?

• What are the global challenges, threats, and risks in the construction lubricants market?

• Which factors are propelling and restraining the construction lubricants market?

• What are the demanding global regions of the construction lubricants market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

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About UnivDatos Market Insights

UnivDatos Market Insights (UMI) is a passionate market research firm and a subsidiary of Universal Data Solutions. We believe in delivering insights through Market Intelligence Reports, Customized Business Research, and Primary Research. Our research studies are spread across topics across the world, we cover markets in over 100 countries using smart research techniques and agile methodologies. We offer in-depth studies, detailed analysis, and customized reports that help shape winning business strategies for our clients.

Contact us:

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[wellnessweb]

Home Infusion Therapy Market Size: Current Status and Future Prospects

The Home Infusion Therapy Market was valued at 36 billion in 2023 and is expected to reach 66.63 billion by 2031 and grow at a CAGR of 8% during the forecast period of 2024-2031.The Home Infusion Therapy Market is experiencing significant growth, driven by the increasing prevalence of chronic diseases and advancements in medical technology. This market encompasses a range of services and products, including intravenous medications, equipment, and professional care services, which allow patients to receive medical treatment in the comfort of their homes. The convenience and cost-effectiveness of home infusion therapy, coupled with the rising preference for personalized healthcare solutions, are key factors propelling its expansion. Additionally, innovations in portable infusion devices and telehealth integration are enhancing patient outcomes and safety, further boosting the market's potential.

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Market Scope & Overview

The market report focuses on global consumption patterns, development trends, sales patterns, and sales in important regions and their respective countries. The market research study on Home Infusion Therapy Market covers market share, significant trends, historical and projected costs, revenue, demand and supply statistics, market growth analysis, the current regulatory environment, and its effects on significant geographic areas.

According to market research by Home Infusion Therapy Market , the market is changing quickly, and the impact is being examined in both the present and possible futures. In-depth market research is carried out, taking into account a variety of factors including the existence and business climate of a country as well as the market's unique influence.

Market Segmentation Analysis

By Product

Infusion Pumps

Intravenous Sets

IV Cannulas

Needleless Connectors

By Application

Anti-Infective

Endocrinology

Hydration Therapy

Parenteral Nutrition

Others

COVID-19 Impact Analysis

The global economy has been severely impacted by the coronavirus outbreak. This Home Infusion Therapy Market  research study also includes the most recent COVID-19 scenario analysis. The top companies in the industry, distributors, and supply chain companies in the target market are also examined in the research report.

Regional Outlook

The geographical markets for Home Infusion Therapy Market  are North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Each geographic market is examined in-depth in the market research report, which also identifies the key factors affecting the global market as a whole.

Competitive Analysis

To give readers a better understanding of key players, the research report incorporates cutting-edge research methodologies like SWOT and Porter's Five Forces analysis. Additionally, there is data on the economy, global positioning, product portfolios, revenue, gross profit margins, and technological and scientific advances. The Home Infusion Therapy Market  report focuses on the most significant business partnerships, product launches, and acquisitions.

Key Reasons to Purchase Home Infusion Therapy Market  Research Report

In-depth analysis of the global competitive landscape is provided in the research report, along with crucial details on the main rivals and their long-term growth plans.

Critical development status, growth rates, assessments of the competitive environment, and data on global marketing are all included in market research.

Conclusion

The market research report offers a dashboard overview of well-known companies, highlighting their successful marketing tactics, contributions to the industry, and most recent advancements in both historical and modern contexts.

About Us

SNS Insider is a market research and insights firm that has won several awards and earned a solid reputation for service and strategy. We are a strategic partner who can assist you in reframing issues and generating answers to the trickiest business difficulties. For greater consumer insight and client experiences, we leverage the power of experience and people.

When you employ our services, you will collaborate with qualified and experienced staff. We believe it is crucial to collaborate with our clients to ensure that each project is customized to meet their demands. Nobody knows your customers or community better than you do. Therefore, our team needs to ask the correct questions that appeal to your audience in order to collect the best information.

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[123567-9qaaq9]

Global Smart Farming  Market Growth Prospects: 2023 |Market Size,Market Share, Market Trends

In the ever-evolving landscape of agriculture, technology is playing a pivotal role in shaping the future of farming. One of the most promising advancements in this domain is the emergence of smart farming. The Global Smart Farming Market Report provides a comprehensive and insightful analysis of this transformative industry, offering a glimpse into the innovative technologies, market trends, and potential opportunities that lie ahead.

I. The Rise of Smart Farming:

Traditional farming methods are giving way to smart farming practices, driven by the need for increased efficiency, sustainability, and productivity. The Global Smart Farming Market is witnessing exponential growth as farmers around the world embrace digital technologies to optimize their operations.

II. Market Overview:

The report provides a detailed market overview, including market size, growth rate, and key drivers. It explores the impact of factors such as population growth, climate change, and the need for sustainable farming practices on the adoption of smart farming technologies.

III. Key Technologies Driving the Smart Farming Revolution:

a. Precision Farming: Precision agriculture technologies, such as GPS-guided tractors and drones, enable farmers to optimize planting, irrigation, and harvesting, leading to higher yields and resource efficiency.

b. Internet of Things (IoT): IoT devices and sensors collect real-time data on soil conditions, crop health, and equipment performance, empowering farmers to make data-driven decisions.

c. Automation and Robotics: Smart farming involves the integration of robotics for tasks like planting, weeding, and harvesting, reducing the reliance on manual labor and increasing operational efficiency.

d. Artificial Intelligence (AI): AI algorithms analyze vast amounts of data to provide actionable insights, helping farmers optimize crop management, predict disease outbreaks, and enhance overall decision-making.

IV. Regional Analysis:

The Global Smart Farming Market Report delves into regional trends and variations, highlighting the unique challenges and opportunities faced by farmers in different parts of the world. It explores how smart farming technologies are being adopted in developed and developing countries alike.

V. Market Challenges and Opportunities:

a. Challenges: Despite the promising outlook, the report also addresses challenges such as high initial investment costs, the digital divide in rural areas, and data privacy concerns.

b. Opportunities: The market report identifies emerging opportunities, such as collaborations between technology providers and agricultural organizations, government initiatives promoting smart farming, and the potential for sustainable farming practices.

VI. Competitive Landscape:

The report profiles key players in the smart farming market, outlining their strategies, product offerings, and market presence. It explores how established agricultural companies and tech giants are collaborating to drive innovation in the sector.

VII. Future Outlook:

As smart farming continues to gain momentum, the report provides insights into the future of the industry. Anticipated developments include the integration of advanced technologies, the rise of autonomous farming systems, and the potential impact of 5G connectivity on smart farming operations.

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Conclusion:

The Global Smart Farming Market Report paints a comprehensive picture of the transformative journey that agriculture is undergoing. As farmers worldwide embrace smart farming technologies, the industry is poised for sustainable growth, increased efficiency, and a brighter future for global food production. The report serves as a valuable resource for stakeholders looking to navigate and capitalize on the opportunities presented by the evolving landscape of smart farming.

[endrusmithreal]

Navigating the Fluctuating Diesel Price Trends: A Comprehensive Guide

Diesel (C12H23) is a liquid fuel designed particularly for Diesel engines. These internal combustible engine oils ignite the fuel through compression of the inlet air inside the engine. It comprises 75% saturated hydrocarbons, 25% aromatic hydrocarbons, and its boiling point ranges around 150-380°C. The chemical constituents may generally vary from 10 carbon along with 20 hydrogen atoms to 15 carbons along with 28 hydrogen atoms.

Diesel fuel is a complex mixture of hydrocarbons comprising paraffin, olefins, naphthene, and aromatics. It appears to be a slightly brown viscous liquid, which is highly volatile and has a characteristic odor.

Request for Real-Time Diesel Prices: https://procurementresource.com/resource-center/diesel-price-trends/pricerequest

The key importing countries for Diesel include India, Vietnam, and Indonesia. On the other hand, the key exporting countries are India, the United States, and China.

Key Details About the Diesel Price Trends:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Diesel price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Diesel Price Trends, including India Diesel price, USA Diesel price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Diesel Price Trends:

Diesel is primarily used for transportation purposes, where vehicles like trucks, buses, barges, trains, and boats consume fuels via Diesel engines, and hence, is used as the chief fuel by these vehicles. It empowers various construction equipment, such as concrete mixtures and electric pumps. It also powers agricultural tools such as water pumps, and sugarcane crushers, etc.

Additionally, Diesel is used as a backup source for electricity generation. The compound emits fewer pollutants when compared to the other fuel variety present in the market. It reduces the fire risk and is the most common fuel choice in the global market. It finds many applications in the automobile, agricultural, construction, and other industries.

Key Players:

Chevron Corporation

Robert Bosch GmbH

Ishtar Company LLC

PJSC Gazprom

Royal Dutch Shell Plc

Exxon Mobil Corporation

PetroChina Company Limited

News & Recent Development

Date: January 10, 2023- Delhi government imposes a temporary ban on the BS-IV Diesel and BS-III petrol vehicles to control the air quality in the NCR region.

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

Contact Us:

Company Name: Procurement Resource Contact Person: Chris Byrd Email: sales@procurementresource.com Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500 Address: 30 North Gould Street, Sheridan, WY 82801, USA

[techninja]

Asia Pacific's Growing Need for Offshore Patrol Vessels

Outline of the Article: Offshore Patrol Vessels Market

I. Introduction

Definition and purpose of offshore patrol vessels

Importance of offshore patrol vessels in maritime security

II. Market Overview

Current state of the offshore patrol vessels market

Growth drivers and market trends

Key players in the industry

III. Types of Offshore Patrol Vessels

Classification based on size and capabilities

Key features and specifications of offshore patrol vessels

IV. Applications of Offshore Patrol Vessels

Maritime surveillance and security

Exclusive Economic Zone (EEZ) protection

Search and rescue operations

Counter-piracy and anti-smuggling activities

V. Regional Analysis

Offshore patrol vessels market in North America

Offshore patrol vessels market in Europe

Offshore patrol vessels market in Asia Pacific

Offshore patrol vessels market in the Middle East and Africa

Offshore patrol vessels market in Latin America

VI. Factors Driving the Offshore Patrol Vessels Market

Increasing maritime security concerns

Rise in illegal activities at sea

Growing demand for border protection

Need for naval modernization

VII. Challenges and Restraints

High acquisition and maintenance costs

Technological complexities

Environmental regulations

Impact of COVID-19 pandemic

VIII. Future Outlook and Opportunities

Emerging markets and growth opportunities

Technological advancements in offshore patrol vessels

Focus on unmanned and autonomous systems

IX. Conclusion

X. FAQs

What is the purpose of offshore patrol vessels?

What are the key features of offshore patrol vessels?

Which regions have the largest offshore patrol vessels market?

What are the challenges faced by the offshore patrol vessels industry?

How is the offshore patrol vessels market expected to grow in the future?

Offshore Patrol Vessels Market

Offshore patrol vessels (OPVs) play a vital role in safeguarding maritime security, patrolling exclusive economic zones (EEZs), conducting surveillance, and performing various other critical missions at sea. These versatile naval assets are designed to operate in diverse environments and provide an effective solution for coastal and offshore security challenges. With the increasing need for maritime domain awareness, the global offshore patrol vessels market is witnessing significant growth.

I. Introduction

Offshore patrol vessels are naval ships specifically designed and built for patrolling and safeguarding a country's territorial waters and EEZs. These vessels act as a deterrent against illegal activities such as smuggling, piracy, and unauthorized fishing. They are equipped with advanced sensors and communication systems to gather intelligence, detect and track threats, and respond swiftly to potential security breaches.

II. Market Overview

The offshore patrol vessels market is experiencing substantial growth due to several factors. Rising maritime security concerns, the need for border protection, and the increasing focus on safeguarding valuable offshore assets are some of the key drivers propelling market expansion. Additionally, the market is witnessing a shift towards technologically advanced and versatile OPVs capable of performing a wide range of missions.

Major players in the offshore patrol vessels industry include renowned shipbuilders, defense contractors, and naval technology providers. These companies invest heavily in research and development to enhance vessel capabilities, improve operational efficiency, and meet evolving customer requirements.

III. Types of Offshore Patrol Vessels

Offshore patrol vessels come in various sizes and configurations, catering to different operational requirements. They can range from small coastal patrol boats to large offshore patrol ships. OPVs are generally designed to have extended endurance, allowing them to operate for longer durations without requiring frequent refueling or resupply.

Key features of offshore patrol vessels include advanced sensor suites, radar systems, navigation aids, communication equipment, and embarked helicopters or unmanned aerial vehicles (UAVs). These features enable the vessels to conduct surveillance, collect intelligence, carry out search and rescue operations, and respond effectively to maritime security threats.

IV. Applications of Offshore Patrol Vessels

Offshore patrol vessels find applications in various maritime operations and security missions. These include:

a. Maritime Surveillance and Security

OPVs play a crucial role in monitoring and safeguarding territorial waters, EEZs, and critical maritime infrastructure. They conduct patrols, gather intelligence, and respond to potential threats such as unauthorized vessel entries, smuggling, and illegal fishing activities.

b. Exclusive Economic Zone (EEZ) Protection

OPVs are extensively used for enforcing regulations and protecting a country's exclusive economic zone. They ensure compliance with international maritime laws, deter illegal activities, and maintain a visible presence in these areas.

c. Search and Rescue Operations

Offshore patrol vessels are equipped with facilities and capabilities to conduct search and rescue operations. They can swiftly respond to distress calls, provide medical aid, and evacuate personnel in emergency situations.

d. Counter-Piracy and Anti-Smuggling Activities

Due to their speed, maneuverability, and advanced surveillance systems, OPVs are well-suited for counter-piracy and anti-smuggling operations. They deter piracy attempts, intercept illegal shipments, and contribute to maintaining secure sea lanes.

V. Regional Analysis

The offshore patrol vessels market is analyzed based on regional segments, including North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Each region has unique maritime security challenges and requirements, leading to varying demand for offshore patrol vessels.

In North America, countries such as the United States and Canada have a significant need for offshore patrol vessels to protect their extensive coastlines, EEZs, and critical infrastructure. The market in Europe is driven by the coastal security needs of countries like the United Kingdom, France, and Germany. Asia Pacific has witnessed substantial growth due to rising security concerns in the South China Sea and the need for EEZ protection among countries like China, Japan, and India. The Middle East and Africa region has also seen increased demand for offshore patrol vessels to counter piracy and secure vital maritime trade routes. In Latin America, countries like Brazil and Colombia are investing in OPVs to safeguard their offshore oil fields and counter drug trafficking.

VI. Factors Driving the Offshore Patrol Vessels Market

Several factors contribute to the growth of the offshore patrol vessels market:

a. Increasing Maritime Security Concerns

Rising security threats, including piracy, terrorism, and illegal immigration, have heightened the demand for offshore patrol vessels. Nations are investing in these assets to enhance their maritime surveillance capabilities and ensure the safety of their waters.

b. Rise in Illegal Activities at Sea

The proliferation of illegal activities such as drug trafficking, arms smuggling, and human trafficking has led to a greater emphasis on maritime security. Offshore patrol vessels play a vital role in detecting and intercepting these illicit activities, making them indispensable assets for law enforcement agencies.

c. Growing Demand for Border Protection

Countries with extensive coastlines and maritime borders require offshore patrol vessels to protect their borders and prevent unauthorized entries. These vessels act as a deterrent and provide a visible presence to ensure the integrity of territorial waters.

d. Need for Naval Modernization

Many naval forces are undertaking modernization programs to enhance their operational capabilities. Upgrading their fleet with advanced offshore patrol vessels allows them to maintain a technologically superior and versatile maritime force.

VII. Challenges and Restraints

While the offshore patrol vessels market presents significant growth opportunities, it also faces challenges and restraints:

a. High Acquisition and Maintenance Costs

Offshore patrol vessels are complex and sophisticated platforms that require substantial investments. The cost of acquiring, operating, and maintaining these vessels can be a deterrent for some nations, particularly those with budget constraints.

b. Technological Complexities

Advancements in technology and increasing operational requirements demand advanced systems and equipment on board offshore patrol vessels. Integrating these complex systems while ensuring their reliability and interoperability can pose challenges during the vessel construction and integration process.

c. Environmental Regulations

As environmental concerns gain prominence, offshore patrol vessels must comply with stringent regulations related to emissions, fuel consumption, and waste management. Adhering to these regulations can increase operational costs and require the adoption of eco-friendly technologies.

d. Impact of COVID-19 Pandemic

The COVID-19 pandemic has disrupted global supply chains and affected shipbuilding activities, causing delays in vessel deliveries. The pandemic-induced economic slowdown may also impact defense budgets, potentially affecting the procurement plans of countries.

VIII. Future Outlook and Opportunities

The offshore patrol vessels market holds promising growth prospects in the coming years:

a. Emerging Markets and Growth Opportunities

Rapidly developing economies and emerging maritime nations are expected to drive market growth. Countries with expanding coastlines and growing security concerns, such as India, Brazil, and Indonesia, offer significant opportunities for offshore patrol vessel manufacturers.

b. Technological Advancements in Offshore Patrol Vessels

The integration of advanced technologies such as unmanned systems, artificial intelligence (AI), and improved sensor suites will enhance the capabilities of offshore patrol vessels. These technological advancements will enable increased automation, improved situational awareness, and more efficient operations.

c. Focus on Unmanned and Autonomous Systems

Unmanned systems, including unmanned surface vessels (USVs) and unmanned aerial vehicles (UAVs), are gaining prominence in maritime security operations. The incorporation of these systems into offshore patrol vessels will revolutionize their capabilities, allowing for extended endurance, increased operational range, and enhanced surveillance capabilities.

IX. Conclusion

The offshore patrol vessels market plays a vital role in ensuring maritime security, protecting territorial waters, and supporting a wide range of maritime operations. With increasing security concerns and the need for enhanced surveillance capabilities, the demand for offshore patrol vessels is on the rise. Market players are investing in technological advancements and exploring growth opportunities in emerging markets to cater to evolving customer requirements. As maritime threats continue to evolve, offshore patrol vessels will remain crucial assets in maintaining peace, security, and prosperity at sea.

FAQs

What is the purpose of offshore patrol vessels? Offshore patrol vessels are naval ships designed for patrolling and safeguarding a country's territorial waters and exclusive economic zones. They play a crucial role in maritime security, surveillance, and response to potential threats.

What are the key features of offshore patrol vessels? Offshore patrol vessels are equipped with advanced sensor suites, radar systems, communication equipment, and often have the capability to deploy helicopters or unmanned aerial vehicles. They have extended endurance, allowing for long-duration operations.

Which regions have the largest offshore patrol vessels market? The offshore patrol vessels market is significant in regions such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Each region has unique maritime security challenges and requirements, driving demand for these vessels.

What are the challenges faced by the offshore patrol vessels industry? The offshore patrol vessels industry faces challenges such as high acquisition and maintenance costs, technological complexities, compliance with environmental regulations, and the impact of the COVID-19 pandemic.

How is the offshore patrol vessels market expected to grow in the future? The offshore patrol vessels market is expected to witness growth due to increasing maritime security concerns, rising illegal activities at sea, growing demand for border protection, and the need for naval modernization. Emerging markets and technological advancements will also contribute to market expansion.

[reportsneww]

IV Flush Syringe Market Will Grow at a 5.40% CAGR by 2030: Growth Plus Reports

Newark, New Castle, USA - Growth Plus Reports' most recent study examines the Global IV Flush Syringe Market's production, prospective uses, demand, key companies, and SWOT analysis.

The IV Flush Syringe Market Report will help you determine the best distribution strategies for specific products and identify potential markets. In addition, the report examines the purchasing and supply patterns that impact the market. The IV Flush Syringe market research report provides insights into the limitations, market trends, prospects, drivers, and competition in the IV Flush Syringe sector.

You may get insights into the TOC, and Statistics for essential facts, information, trends, and competitive landscape information.

Download Free Sample Report Now @ https://www.growthplusreports.com/inquiry/request-sample/iv-flush-syringe-market/8064

The following are the leading companies in the Global IV Flush Syringe market:

Aquabiliti

Braun AG

Becton, Dickinson, and Company

Cardinal Health

Medefil, Inc.

Medline Industries, LP

Nipro Corporation

Polymedicure

SteriCare Solutions

Growth Plus Reports studies the key trends in each category and sub-segment of the IV Flush Syringe market, along with Global and regional projections from 2023 to 2031. Our research splits the market into product type and application segments.

SEGMENTATION

GLOBAL IV FLUSH SYRINGE MARKET - ANALYSIS & FORECAST, BY TYPE

Saline IV Flush Syringe

Heparin IV Flush Syringe

GLOBAL IV FLUSH SYRINGE MARKET - ANALYSIS & FORECAST, BY APPLICATION

Cardiac Disease

Rheumatoid Arthritis

Diabetes

Cancer 

Others

GLOBAL IV FLUSH SYRINGE MARKET - ANALYSIS & FORECAST, BY END USER

Hospitals 

Ambulatory Surgical Centers 

Clinics

Others

For More Information or Query or Customization visit: https://www.growthplusreports.com/inquiry/customization/iv-flush-syringe-market/8064

Companies may utilize IV Flush Syringe market report to get insights on market variables and any restraints that may affect the manufacturing of their product. Companies that are expanding abroad require thorough Global market research that includes real market data to assist with their marketing strategy. This Global market IV Flush Syringe industry study analyzes important market dynamics and provides in-depth information and statistics to help companies flourish. This research report on the IV Flush Syringe market takes advantage of advanced and professional approaches such as SWOT analysis and GRG Health's unique GrowthMIX strategy.

This report is useful in addressing various essential issues for market participants, while also supporting them in making investments and leveraging the market opportunities.

IV Flush Syringe Market TOC: https://www.growthplusreports.com/report/toc/iv-flush-syringe-market/8064

Market segment by Region/Country including: –

-North America (United States, Canada and Mexico) -Europe (Germany, UK, France, Italy, Russia and Spain etc.) -Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.) -South America (Brazil, Argentina and Colombia etc.) -Middle East and Africa (South Africa, UAE and Saudi Arabia etc.)

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[researchtrends12]

Market For Intravenous Equipment Is Expected To Reach US$ 16.1 Billion By 2027

The global intravenous equipment market is valued at US$ 12.3 billion and is forecasted to expand at a CAGR of 5.6% to reach US$ 16.1 billion by 2027.

The Intravenous Equipment research document is prepared by Fact. MR’s team of professionals presented an in-depth study of the current state of the market. This market research report also conducts a study on production capacity, consumption, import, and export for all major regions across the globe. Analysis and discussion of important industry trends, market size, and market share estimates are revealed in the report. The market report also contains the drivers and restraints for the Intravenous Equipment market that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, mergers, and acquisitions by the several key players and brands that are driving the market by systemic company profiles.

Download FREE Sample Copy of This Report: : https://www.factmr.com/connectus/sample?flag=S&rep_id=7710

Key Companies Profiled

Becton, Dickinson and Company

B. Braun Melsungen AG

Fresenius SE & Co. KGaA

Baxter International Inc.

Smiths Medical

ICU Medical, Inc.

C. R. Bard, Inc.

Terumo Corporation

Moog, Inc.

AngioDynamics, Inc.

Intravenous Equipment Industry Research Segmentation

By Product :

IV Catheters

Securement Devices

Administration Sets

Infusion Sets

Drip Chambers

Others

End User :

Hospitals

Clinics

Ambulatory Care Centers

Others

Geographically, this report is segmented into several key Regions along with their respective countries, with production, consumption, revenue (million USD), and market share and growth rate of Intravenous Equipment in the following regions:

North America [United States, Canada, Mexico]

South America[Brazil, Argentina, Columbia, Chile, Peru]

Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]

The Middle East & Africa[GCC, North Africa, South Africa]

Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]

This Intravenous Equipment Market report comes with little company outline, earnings dialog, advantage, latest events and product offering, and ways of these gamers. The maturation of the substantial associations alongside their resources such as development, price, and customer satisfaction are gleaned from your analysis document about the International Intravenous Equipment Market. From the provider’s particular needs, we may even provide customization for International Intravenous Equipment Market together with most of the info that is chosen.

Table of Content:

Chapter 1. Intravenous Equipment Market Research Objective

Chapter 2. Executive Summary

Chapter 3. Strategic Analysis

Chapter 4. Intravenous Equipment Market Dynamics

Chapter 5. Segmentation & Statistics

Chapter 6. Market Use case studies

Chapter 7. KOL Recommendations

Chapter 8. Investment Landscape

Chapter 9. Competitive Intelligence

Chapter 10. Company Profiles

Chapter 11. Appendix

[rohit890]

Fluid Management Systems Market Share Analysis And Research Report By 2031

Market Overview

The global fluid management systems market was valued at USD 8.9 billion in 2021 and it is anticipated to grow further up to USD 30.6 billion by 2031, at a CAGR of 13.1% during the forecast period.

Maintaining appropriate fluid levels in the body involves either administering intravenous fluids or doing procedures like dialysis. Important components of the fluid management system include perioperative fluid management, postoperative fluid management, endoscopic fluid management, management of fluid levels in critically ill patients, fluid management in chronic kidney diseases, and IV treatments for dehydration brought on by diarrhea and vomiting.

View Detailed Report Description: https://www.globalinsightservices.com/reports/fluid-management-systems-market/

Market Dynamics

Minimally invasive procedures have a number of benefits over open procedures, including less postoperative problems, quicker hospital stays, and lower chances of surgical site infections. Numerous minimally invasive procedures are considered outpatient procedures, meaning the patient is not required to spend the night in a hospital. By choosing minimally invasive procedures over open surgery for routine procedures on the appendix, colon, and lungs, hospitals in the US could collectively avoid thousands of post-surgical complications and save between USD 280 and 340 million each year.

In numerous nations around the world, health insurance providers are progressively covering minimally invasive surgeries. Many patients and doctors choose minimally invasive operations over other surgical treatments due to their benefits. As of 2017, more than 7.5 million surgical and minimally invasive cosmetic treatments were carried out in the US; this number is expected to increase by 2% a year (Source: American Association of Pharmaceutical Scientists). The need for fluid management systems and accessories is also anticipated to increase as the number of minimally invasive cancer treatments increases.

Due to the substantial usage of specialist equipment and extended surgery time, minimally invasive operations are more expensive than open surgeries. For the majority of hospitals in underdeveloped nations, the investment expenses for endoscopic equipment are very high. The average cost of an HD colonoscopy equipment is between USD 100,000 and USD 120,000, which is a remarkably significant investment for healthcare practitioners in developing countries like India, Brazil, and Mexico that have less money to spend on high-end technology. The operating cost of any endoscopy system purchased by the healthcare provider will also be increased by the need for employees to be trained in the use and maintenance of endoscopic systems and equipment.

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The key players studied in the global fluid management systems market are Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International Inc. (US), Cardinal Health, Inc. (US), B. Braun Melsungen AG (Germany), Stryker Corporation (US), Olympus Corporation (Japan), Medline Industries, Inc. (US), KARL STORZ GmbH & Co. KG (Germany), Ecolab Inc. (US), Smiths Medical (UK), Zimmer Biomet Holdings Inc. (US), Medtronic plc (Ireland), FUJIFILM Holdings Corporation (Japan), CONMED Corporation (US), Hologic, Inc. (US), Arthrex, Inc. (US), Thermedx, LLC. (US), COMEG Medical Technologies (Germany), and EndoMed Systems GmbH (Germany).

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[qrtumb]

Global France Data Center Market Trends, Share, and Size

The French data center is expected to register a CAGR of 8.7 % during the forecast period (2021 - 2027).

A facility or dedicated space that houses computer systems and associated components to store, process, and disseminate data and applications is a data center.

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Market Drivers

The increase in importance of e-commerce databases is the major factor contributing to the growth of France data center market.

E-commerce organizations use data centers to store and transfer these data sets for various organizational operations such as branding, promotions, etc.

Online retailers can track the various aspects of their e-commerce, including analytics/consumer details, through e-commerce data acquisition.

Furthermore, growing requirement of large computing facilities & surging demand for capacity management are envisaged to bring in a host of opportunities for data center market during the forecast period.

Market Restraints     

High initial cost of data center construction is one of the major restraining factors for the France data center market growth throughout the forecast period.

Installations for server cooling, networking equipment and storage can be prohibitively costly with new interruptible power systems (UPS), battery plants, diesel generators, and HVAC systems.

Furthermore, the increase in demand for managed services as well as growing concerns relating data privacy may hinder the growth of Data Center Market over the forecast period.

Market Segmentation

France Data Center Market sis segmented into major 5 categories. Based on Organization Type, the market is segmented into Small & Medium Enterprises, Large-scale organizations. Based on Infrastructure Type, the market is segmented into IT Infrastructure, Electrical Infrastructure, Mechanical Infrastructure, Cooling System, General Construction. Based on Tier Segments, the market is segmented into Tier I & Tier II, Tier III, Tier IV. Based on Type, the market is segmented into Retail colocation, Wholesale colocation. Based on End Use Industry, the market is segmented into Manufacturing, Banking, Financial Services, and Insurance (BFSI), IT and telecom, Government and defense, Research and academics, Healthcare, Retail, Energy, Others (media and entertainment, and transportation and logistics).

 Regional Analysis

The rising demand for smart devices, the growing demand for analytics cloud adoption, and wireless networking technologies are leading some French organizations to invest in Big Data and IoT technology.

Paris is the primary data center hub in France, hosting over 50% of the total number of the facilities.

France is measured one of the major colocation data center markets in Europe and a part of the FLAP markets.

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Market Key Players

Some of the key players operating in France Data Center Market are Nexcenter France (NTT Communications), Digital Realty Trust, Inc., Cyxtera Technologies, Inc., Cyrusone Inc., Equinix PA1, Global Switch, AT&T, INC., Enterprise Technology Solutions, Internap Corporation, KDDI France.

Industry development

In Aug 2020, Equinix finalized the purchase of Packet, a startup that provided bare-metal servers as a cloud service. The company expanded into India in August 2020 with the acquisition of GPX India, including a campus in Mumbai with two data centers. In October 2020, Equinix completed the acquisition of 13 Bell Canada data centers. The company also invested heavily in hyperscale xScale data centers.

In Apr 2021, KDDI begins provision of Zero-Trust, remote access service Cato Cloud in over 190 countries. Cato Cloud combines network functionality and security functionality on the cloud, making unified global security policy operation possible. The service is being simultaneously provided by KDDI and its overseas subsidiaries, allowing it to provide one-stop support from installation to operation and maintenance, all around the globe.

In October 2019, Digital Realty announced the acquisition of European data center provider Interxion for $8.4 billion to “create a leading global provider of data centre, colocation and interconnection solutions.

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[delvenservices]

Forklift Truck Market expected to reach a CAGR of over 4.9% by 2028

Forklift Truck Market is Segmented by Power-train Type (Internal Combustion Engine and Electric Motor), Vehicle Class (Class I, Class II, Class III, and Class IV), End-user Vertical (Industrial, Construction, and Manufacturing), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Market Overview

The forklift trucks market was valued at USD 43 billion in 2020, and it is expected to reach a CAGR of over 4.9% during the forecast period 2021-2028.

Forklift trucks are equipment for material processing. They’re the most prevalent industrial lift trucks on the market. They are the workhorses of material handling due of their versatility, which includes (i) indoor/outdoor operation on a range of surfaces, (ii) load capabilities, and (iii) attachments. A forklift truck is a type of motorized industrial truck. It aims to move and transport, push, pull and pull a material load and then stack it or store it in a warehouse rack, like other industrial trucks do. Forklift trucks are available in a variety of sizes and capacities. They can run on batteries or internal combustion engines that run on diesel or gaseous fuel.

The expansion of the construction sector, combined with rapid industrialization is the major factor that has supported long-term expansion for Forklift Truck Market.

The COVID-19 outbreak has had a negative influence on the forklift truck business. As a result of the closure of factories and warehouses, material handling and inventory management were no longer necessary. Major companies suspended operations in numerous locations due to lockdowns and social distancing practices. This has a direct influence on material handling forklift demand, as well as a huge proportion of the market’s business.

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Regional Analysis

Asia-Pacific dominates the forklift truck market because of the huge need for forklift trucks from advancing nations. The increase in industrialization is one of the factors that are expected to aid the growth of the forklift trucks market.

Insights are provided for each region and major countries within the regions

Key Players

Toyota Industries Corporation

Crown Equipment Corporation

Kion Group AG

Hyster-Yale Materials Handling Inc.

Hyundai Heavy Industries

Jungheinrich AG

Anhui Forklift Truck

Doosan Industrial Vehicle

Godrej & Boyce Manufacturing

Hangcha Group

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Recent Developments

In July 2021, Hangcha has launched its new XH series 2.0t-3.5t electric forklift truck with high voltage lithium-ion batteries. these trucks are integrated with high voltage lithium batteries, which can be fully charged within one hour and perform up to 12 hours. Furthermore, with a rapid charging facility, these can be charged during regular work breaks, which will run for the entire day with no extra battery exchange.

In July 2021, KION Group AG has set up a new industrial truck plant in the Polish town of Kołbaskowo, near Szczecin. The site will produce counterbalance trucks for all brand companies within the KION Industrial Trucks & Services segment.

Reasons to Acquire

Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

Gain authentic and granular data access for Forklift Truck Market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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Report Scope

Forklift Truck Market is segmented into power train type, vehicle class, end user vertical and region.

On the basis of Power-Train Type

Internal combustion engine

Electric motor

On the basis of Vehicle Class

Class I

Class II

Class III

Class IV

On the basis of End-User Vertical

Industrial

Construction

Manufacturing

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

About Us:

Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide the information on country, regional and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally.

Delvens database assists the clients by providing in-depth information in crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.

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[mikedbmr]

IV Equipment Market Business Outlook with COVID-19 Scenario and Forecast To 2026

Latest research report, titled “IV Equipment Market Insights 2021 and Forecast 2026, This includes overview and deep study of factors which are considered to have greater influence over future course of the market such as market size, market share, different dynamics of the industry, IV Equipment market companies, regional analysis of the domestic markets, value chain analysis, consumption, demand, key application areas and more. The study also talks about crucial pockets of the industry such as products or services offered, downstream fields, end using customers, historic data figures regarding revenue and sales, market context and more.

New Players in the market are facing tough competition from established international Players as they struggle with technological innovations, reliability and quality issues. The report will answer questions about the current market developments and the scope of competition, opportunity cost and more.

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This report investigates the IV Equipment industry by examining the industry chain, policies, and plans, as well as products, manufacturing chains, cost structures, and other market factors. The report looks at the regional market for IV Equipment market in addition to product types. It investigates product prices and revenues, supply and demand logistics, production capacity and utilization efficiency, and industry growth rates across the globe.

This market report comprises of possible revenue growth, potential lucrative opportunities, product ranges, pricing factors, and parameters to confer the emerging and new entrants in the industry with a structured market data. Moreover, it includes the recent business agreements, mergers, acquisitions, partnerships, and even fallouts to provide the industry players with complete overview of the IV Equipment Market. Some of the key manufacturers operating in this market include: BD, Ascor SA, Moog Inc., Smiths Group plc, B. Braun Melsungen AG, AngioDynamics, Terumo Corporation, ICU Medical, Inc., Fresenius SE & Co. KGaA.

Key Highlights of the IV Equipment Market:

A complete Industry Analysis and assessment of parent market.

Historical, current, and projected size of the IV Equipment market from the standpoint of both value and volume.

Reporting and evaluation of recent industry developments in the IV Equipment market.

It involves analysis of segments of Market Product and regional analysis.

Thorough profiling and examination of the key market players and their strategies.

It includes Covid-19 Impact Analysis of IV Equipment market.

Market Drivers

The chronic diseases incidences have increases which has driven the market growth

The rise in the obese and elderly population is boosting the market growth

The ambulatory infusion pumps has risen due to surging home care market

Needlestick injuries and infections have increased which has led the market growth

Market Restraints

The medication errors driven from infusion pumps leading to product recalls is hampering the market growth

The high cost associated in the treatment as well as risk associated with the procedure act as a restrain to the market

Get Sample Report + All Related Graphs & Charts @ https://www.databridgemarketresearch.com/toc/?dbmr=global-iv-equipment-market

Table of Content (TOC):

Chapter 1: Introduction and Overview

Chapter 2: Industry Cost Structure and Economic Impact

Chapter 3: Rising Trends and New Technologies with Major key players

Chapter 4: Global IV Equipment Market Analysis, Trends, Growth Factor

Chapter 5: IV Equipment Market Application and Business with Potential Analysis

Chapter 6: IV Equipment Market Segment, Type, Application

Chapter 7: IV Equipment Market Analysis (by Application, Type, End User)

Chapter 8: Major Key Vendors Analysis of IV Equipment Market

Chapter 9: Development Trend of Analysis

Chapter 10: Conclusion

Some of the key questions answered in the report include:

What is the overall structure of the market?

What was the historical value and what is the forecasted value of the market?

What are the key product level trends in the market?

What are the market level trends in the market?

Which of the market players are leading and what are their key differential strategies to retain their stronghold?

Which are the most lucrative regions in the market space?

To get crucial insights of the market, visit@ https://www.databridgemarketresearch.com/reports/global-iv-equipment-market

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market

Contact:

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Tel: +1-888-387-2818

Email: Sopan.gedam@databridgemarketresearch.com

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[aenarz]

Far Eastern University

Nicanor Reyes St. Sampaloc Manila

Institute of Tourism and Hotel Management

Institute of Accounts, Business, and Finance

A Strategic Management Paper

On SMDC

In Partial Fulfillment of the Requirements in the Course

Strategic Management

Presented to

Prof. Sofronio S. Dulay

Facilitator, BME1102 Sec 14

Presented by

GROUP 5

Valdez, Ron Aenar

Calicoy, John Cesar

Perez, Karl Brian

Landa, Andrei John

Reyes, Ericka Adrielle

Torres, Ranzimiel Kay

Jino-o, Ashley Anne

Tapucol, Happy Aira

Table of Contents

I. Executive Summary……………………………………………………3

II. Internal Assessment……………………………………………….5

A. Corporate Profile…………………………………………………………5

B. Company Vision and Mission…………………………………....………………..7

C. Corporate Officers…………………………………………………………8

D. Product Line……………………………………………………………….9

E. Internal Factor Evaluation Matrix…………….................38

III. External Assessment………………………………………………………………...41

A. Porter’s Model Analysis………………………………………………………..41

B. External Factor Evaluation Matrix ……………………………………………44

C. Competitive Profile Matrix …………………………………………………...47

D. Key External Factor……………………………………………………………49

IV. Strategy Formulation …………………………………………………………………...52 A. Boston Consulting Group Matrix………………………………………………53

B. Strategic Position and Action Evaluation Matrix……………………………..55

C. Grand Strategy Matrix………………………………………………………….60

D. Internal - External Matrix……………………………………………………….62

E. Strength - Weaknesses- Opportunities - Threats Analysis…………………63

F. Quantitative Strategies Planning Matrix……………………………………..75

V. Strategy Recommendation……………………………………………………………79

VI. Action Plan……………………………………………………………………………...82

VII. Conclusion……………………………………………………………………………...83

VIII. Financial Projection………………………………………………………………………86

IX. References…………………………………………………………………………………93

I. Executive Summary

SM Development Corporation (SMDC) is considered as one of the largest and fastest-growing real estate developers in the country. It was originally incorporated on July 12, 1974 as Ayala Fund, Inc. however, renamed as SM Fund, Inc. in March 1986 after SM group of companies took the majority of ownership in the firm. SM Fund, Inc. back then was an investment company committed solely in providing its investors with professionally managed vehicles to invest in diverse businesses in the country. In May 1996, it was again renamed as SM Development Corporation to reflect on its new business endeavor which is to venture into the real estate industry.

In the Philippines, there are two major competitors of SMDC: Ayala Land Corporation which, based on the CPM has a total rate of 3.26 (strong competitor) and Megaworld Corporation which has 2.75 (average competitor). SMDC has a total rate of 2.65 which manifests the idea that despite the fact that both of these companies are top performers, SMDC continues to create its name in the industry and achieve greater heights. In the recently concluded 8th Property Guru Awards 2020, SMDC bagged numerous awards including the Best Developer Award, Best Developer Lifestyle Award, etc. (SMDC, 2020). For over 25 years of being in the real estate industry, the company has provided quality condominiums, residences and comfortable homes at the most affordable price.

Based on the IFE matrix, the company’s strength is their capability of providing modern lifestyle amenities without compromising the safety and security of the people. Furthermore, its accessibility to various infrastructures such as shopping malls and its flexible mode of payment attracts a huge number of investors. However, its IFE rating is only 2.48 mainly because of the non-liquid asset which can lead to a possible loss in value and high maintenance cost. SMDC could further improve its performance by generating alternatives and feasible solutions that could effectively address these issues.

The overall responsiveness of the SMDC to its external factors is satisfactory at a rate of 3.22. This is due to the company’s external strategies effectively taking advantage of existing opportunities and minimizing the potential adverse effects of external threats. Currently, SMDC is ranked as the 3rd best real estate developer in the country based on the data released by Property Consultancy & Sales Associates Inc. in 2019. Thus, if they can further examine and analyze the opportunities and threats for the upcoming years in a wider perspective, they could create excellent plans that will surely benefit the company and improve its rank in the industry. In addition, being able to take advantage of the possible threats that may hinder a company's triumph is vital to leverage success. Towards its strategic goal in becoming one of the top competitors and leading real estate developers in the country, SMDC should highly consider market penetration and product development strategies as the suitable strategy for the company. Market penetration will equip the company in perfuming its name in the market, fueling great sales, revenues and attracting a wide range of customers by: (1) launching more projects not just in NCR but in the entire Philippines and (2) penetration pricing without compromising the quality of the properties.

Product development strategies include: (1) Expanding the company’s services which will thoroughly help in providing a much better experience and comfort of living to its investors and (2) Improving and adding modernly designed amenities which will enhance the appearance of every property and cater new demands of its investors for their very own satisfaction.

Other instinctive strategies include horizontal integration strategies through (1) purchasing new lands and building new real estate properties and (2) acquiring or seeking ownership/control over company’s investors. With the utilization of these strategies, the company’s vision of becoming the leading developer of world-class residences in the Philippines and a catalyst for a better life will be realized with high sales and revenues in the upcoming years.

With the appropriate execution, performance management and coordination with the operation and the corporate affairs, these recommended strategies will serve as the primary driver of SMDC triumphs not just in being one of the top competitors in the industry but also in magnifying its coverage and competencies, boosting the economy and company’s growth

INTERNAL ASSESSMENT

A. Corporate Profile

SM founder Henry Sy. laid the groundwork of and piloted the development and evolution of SM Investments Corporation (SMIC). What started out as a dream of selling a good pair of shoes to every Filipino has turned into one of the country’s largest holding companies today. In the six decades since, it has become a leading presence in retail, banking, and property development in the country and a rising presence in China. It has since innovated its products and services providing the best value in both aspects for its customers.

SM Prime Holdings, Inc. (SMPH) also has become the largest integrated property developer in Southeast Asia. In terms of assets, it is the largest in the country. Offering innovative and sustainable lifestyle cities alongside developing malls, residences, offices, hotels and convention centers, it has become the biggest retail shopping center developer and operator in the Philippines. From starting out as a humble mall developer and operator, it has currently established 76 malls in and outside Metro Manila and 7 shopping malls in China with 17,937 tenants in the country and 1,857 tenants in China.

Besides mall development and management through its units and subsidiaries, it also has commercial business units, the Commercial Property Group (CPG) which engages in developing and leasing office buildings in Metro Manila. SM Development Corporation (SMDC), their residential business component, also sells affordable condominium units. Their Hotels and Convention Centers business unit is also engaged in developing and managing various hotel and convention centers across the country.

SMDC prides itself in the style, comfort, and convenience Filipinos experience with them. Offering the makings of the next dream home, it provides quality amenities and top-notch services. With the commitment to provide access to luxurious urban living through vertical villages perfectly integrated with a commercial retail environment, it aims to give its residents access to a truly cosmopolitan lifestyle. Their properties are strategically positioned across Metro Manila with their focus being the Central Business Districts of Mall of Asia Complex, Makati, Ortigas, Taguig, Quezon City, Manila, Pasay, Parañaque and Las Piñas. In addition, they can also be accessed from neighboring provinces like Cavite, Bulacan and Pampanga.

Corporate Head Office:

One E-com Center, 10th Floor Harbor Drive

Mall of Asia Complex, CBP-IA

Pasay City 1300, Philippines

B. Company Vision and Mission

SM Development Corporation

Vision

We envision SM Development Corporation to be a leading developer of world-class residences in the Philippines, uplifting Filipino lifestyles into one that is convenient, upscale yet affordable, and environment friendly.

Mission

· Ensuring that its homebuyers enjoy the best value for their investment with an upscale lifestyle, generous amenities, and a safe, secure, and friendly neighborhood;

· Providing an excellent after-sales and maintenance service that will preserve and enhance the long-term value of its residences;

· Delivering sustainable long-term growth and increasing shareholder value by exercising prudence in resource management based on the principles of good corporate governance;

· Becoming an employer of choice, offering comprehensive opportunities for career growth and enhancement; and,

· Assisting and nurturing the communities in which it operates by progressively building on its role as a responsible corporate citizen;

C. Corporate Officers

SM Development Corporation Properties

Air Residences

Price range: Php 6,300,000 - Php 7,500,000

Meaningful relationships. Career opportunities. Personal well-being. All these define your story of success, and it all begins at SMDC Premier’s Air Residences

Coast Residences

Price range: Php 5,500,000 - Php 23,000,000

Designed to capture your eyes with its seagull-inspired façade design, Coast Residences soars 41 storeys high.

Fame Residences

Price range: Php 5,100,000 - Php 6,800,000

Strategically located, Fame Residences rises in Central EDSA, providing you easy access to everything that matters. This iconic development offers an address that truly compliments a desired lifestyle. When you live at the center of it all, you live life in the spotlight.

Blue Residences

Price range: Php 2,000,000 - Php 5,000,000

SMDC Blue Residences promises to help you maximize your student life as it is located at the corner of Katipunan Avenue and Aurora Boulevard, near colleges and universities like the University of the Philippines, Ateneo De Manila University and Miriam College.

Bloom Residences

Price range: Php 4,600,000 - Php 7,100,000

Bloom Residences is a home where you can plant your roots as you start your career, grow the love for your family, care for your little buds and eventually carve some names in the family tree.

Breeze Residences

Price range: Php 12,400,000 - Php 14,500,000

Enjoy the convenience of the city while luxuriating amidst the quiet calm of Manila Bay.

Cheer Residences

Price range: Php 3,200,000 - Php 3,500,000

Take your life to new heights as Cheer Residences introduces a fresh perspective to residential living in Marilao, Bulacan. It is the first vertical development of its kind in the area that offers the convenience of having its own mall within the complex. First-rate amenities elevates the quality of life of the residents as they get to enjoy an array of activities daily.

Cheerful Homes

Price range: Php 1,100,000 - Php 1,700,000

SMDC Cheerful Homes has its own transport hub located within the community’s commercial area, for the convenience of its residents. Plus, it’s just a short ride away from various points of interests in Pampanga.

Cool Suites

Price range: ₱/mo.

Cool Suites is the newest garden complex in the flourishing Wind Residences estate. Nestled inside the complex is an array of lush foliage and greenery that serve as a private retreat where you can relax and recover from the busy work week. With SMDC’s signature 5-star amenities, it is a perfect holiday home for those who enjoy the cool wind of Tagaytay.

Field Residences

Price range: Php 5,000,000 - Php 5,600,000

Just across SM City Sucat, Field Residences is located along Dr. A. Santos Avenue (formerly Sucat Road), Barangay San Dionisio, Parañaque City. International and domestic airports are also close at hand, as well as the Entertainment City where endless leisure, shopping, and dining selections abound.

Gem Residences

Price range: Php 5,200,000- Php 9,400,000

Standing gorgeously along C-5 Pasig, the thriving center of economic activity east of Metro Manila, Gem Residences brings you world-class amenities that cater to your need for both productivity and leisure.

Glam Residences

Price range: Php 5,900,000 - Php 11,500,000

Surround yourself with the spectacular at Glam Residences. Envisioned as a complete, cosmopolitan home for success-driven singles, it is built for your utmost convenience and indulgence.

Gold Residences

Price Range: Php 7,400,000 - Php 17,000,000

An 11.6- hectare master-planned community right across the Ninoy Aquino International Airport, the concept for SMDC’s first township is to be the gold standard- a convergence of modernization, dynamism, innovation, and prestige, assured in all its areas.

Grace Residences

Price range: 3,300,000 - Php 5,600,000

Located close to Bonifacio Global City and the Makati Central Business District so you can enjoy the convenience of staying within proximity of the top schools, hospitals, malls and other institutions.

Grass Residences

Price range: Php 3,700,000 - Php 6,400,000

SMDC Grass is located in Quezon City, connected to SM City North Edsa via bridge way. It’s definitely a convenient, exciting and entertaining place to come home to. It is also situated in a highly accessible area. It is right by main roads both for going to the North and South side of the metro.

Green Residences

Price range: Php 5,100,000 - Php 5,700,000

Located right beside De La Salle University in Taft Avenue for the stress-free, easy and fun life every college student ought to experience.

Green2 Residences

Price range: Php 3,300,000 - Php 5,600,000

Breeze through your college years as you live in the home that passes all the marks when it comes to convenience, location, security and amenities.

Hope Residences

Price range: Php 3,000,000 - Php 3,600,000

Hope Residences is strategically located at the heart of Trece Martires City, Cavite. It is right within the complex of the newly opened SM City Trece Martires along Governor’s Drive.

Jazz Residences

Price range: Php 4,900,000 - Php 19,000,000

Situated in the Reposo District in Makati, SMDC Jazz Residences is surrounded by some of the best restaurants, as well as a supermarket nearby.

Lane Residences

Price range: Php 3,600,000- Php 5,500,000

Located in San Antonio Agdao, it lies within the SM City Lanang Premier complex. Its close proximity to Davao International Airport and Seaport gives you that added level of convenience. You get easy access to major land, sea, and air transportation centers to help get you to your next destination. Rounding out the area are the many businesses and offices for enterprising individuals.

Leaf Residences

Price range: Php 4,400,000 - Php 6,200,000

Let nature nurture your family at Leaf Residences. With its unique design reminiscent of a tropical rainforest getaway, it offers the first taste of condominium living surrounded by all the greenery sought after in the South.

Light Residences

Price range: Php 3,700,000 - Php 9,100,000 & above

Located along EDSA and Madison Street, Light Residences sits at an advantageous location, linked to BONI-EDSA MRT where you can access any point of Manila.

Light2 Residences

Price range: Php 5,400,000 - Php 11,200,000

Spacious, inviting, and thoughtfully planned. Light 2 Residences provides you with everything you need to create a beautiful home for you and your family.

Lush Residences

Price range: Php 6,800,000 - Php 9,800,000

Lush Residences is an iconic landmark located north of the Makati Central Business District. A development that seamlessly blends elements of nature throughout the property.

Mezza Residences

Price range: Php 1,000,000 - Php 6,000,000 & above

SMDC Mezza Residences is in one of the most convenient areas; located at the corner of Aurora Boulevard and Araneta Avenue in the heart of Sta. Mesa, near SM City Sta. Mesa.

Mezza II Residences

Price range: Php 8,200,000

Experience all the best at the heart of Sta. Mesa with Mezza II Residences.

Mint Residences

Price range: Php 6,400,000 - Php 8,200,000

A nearby respite striking the perfect balance between modern city convenience and a natural environment. Situated within the progressive district of Makati giving you access to everything the city has to offer: commercial, recreational, and professional.

MPlace at South Triangle

Price range: Php 4,100,000 - Php 4,300,000

MPlace Residences is a conveniently located condominium at the heart of South Triangle in Quezon City.

Park Residences

Price range: Php 3,400,000 - Php 3,900,000

Located right in front of SM City Sta. Rosa, this community is surrounded with opportunities for you to live your best life! Everything the family needs is right here – with schools, parks and shops around every corner.

Princeton Residences

Price range: Php 2,000,000 - Php 4,000,000

Convenient, practical and fun, Princeton Residences is strategically located within close proximity to Tomas Morato and Greenhills, and right beside the LRT 2 Gilmore Station.

Red Residences

Price range: Php 6,500,000 - Php 9,000,000

Red Residences is located at the heart of Chino Roces, a thriving neighborhood west of Makati City, known for its row of concept restaurants, food finds, art galleries and creative business enterprises.

S Residences

Price range: Php 6,600,000 - Php 17,500,000

With its stunning boutique-hotel designed lobbies and luxurious amenities, S Residences is the choice of successful and stylish individuals. Live in an address where business meets pleasure, where business suits and swim suits are both on-trend.

Sail Residences

Price range: Php 11,200,000 - Php 13,000,000

Welcome to Sail Residences, the gem of the Mall of Asia district. Explore a vast wealth of shops, restaurants and entertainment spots as endless as the horizon beyond Manila Bay, just waiting for you to discover. Truly a home worthy of the most memorable individuals, couples, and families.

Sands Residences

Price range: Php 7,600,000 - Php 9,400,000

Welcome to Sands Residences. A luxurious, 51-floor master-planned community by Manila Bay where the sun and sand amidst a sea of luxury await you.

Sea Residences

Price range: Php 8,300,000 - Php 14,200,000

Sea Residences Mall of Asia is a modern resort-inspired condominium development

Shell Residences

Price range: Php 32,200,000 - Php 37,400,000

Shell Residences Mall of Asia is a 2.2-hectare resort residential complex. Come home to resort-inspired amenities, and hold memorable events with friends and family at your own exclusive clubhouse.

Shine Residences

Price range: Php 4,000,000 - Php 4,100,000

SMDC Shine Residences stands tall within a prestigious community called the Renaissance Center. Having entertainment, business and leisure in close proximity, Shine Residences Ortigas is another distinctive addition to an impressive locale.

Shore Residences

Price range: Php 6,700,000 - Php 33,200,000

The entire Shore Residences complex combines the luxury of a 5-star vacation resort and the comfortable, cozy home you’ve always dreamed of.

Shore 2 Residences

Price range: Php 6,000,000 - Php 11,100,000

Set in a 9-hectare property, this exclusive development consists of three expansive luxury resort-inspired enclaves that provide the best in premier waterfront living in the metro, all bridged together by elevated linear parks.

Shore 3 Residences

Price range: Php 10,500,000 - Php 24,500,000

Conveniently located at the SM Mall of Asia Complex in Pasay City, Shore Residences offers the finest in resort living, with an exclusive beach-like amenity right at the heart of the development.

Smile Residences

Price range: Php 3,800,000 - Php 5,500,000

You’ll find a lot to be happy about at Smile Residences! As a premier residential development within SM City Bacolod Complex, it offers attractive lobbies, amenities, and a convenient location.

South Residences at SM SOUTHMALL

Price range: Php 3,500,000 - Php 6,100,000

South Residences offers the seamless fusion of the life and lifestyle you’ve always dreamed of.

South 2 Residences

Price range: Php 3,700,000- Php 7,500,000

Situated in Southmall complex, South 2 Residences has everything you need within reach. It is just a few steps away from the array of shopping, dining, and entertainment choices at SM Southmall, and a few minutes away from busy transport terminals and vibrant work hubs.

Spring Residences

Price range: Php 4,200,000 - Php 5,400,000

Celebrate new beginnings at SMDC Spring Residences.

Style Residences

Price range: Php 3,400,000- Php 5,200,000

Style Residences can be found within the complex of SM City Iloilo – the city’s vibrant lifestyle and progressive business district. It offers an impressive collection of shopping, dining, and entertainment options, as well as easy accessibility to the local transportation hubs, including the Iloilo International Airport and Seaport.

Sun Residences

Price range: Php 2,000,000 - Php 4,000,000

Life meets luxury at the roundabout of Quezon City and Manila. SMDC Sun Residences addresses the need for a more balanced lifestyle, with amenities like lounges, landscaped gardens and swimming pools

Trees Residences

Price range: Php 2,000,000 - Php 3,300,000

Escape the mundane clamor of the city and go home to Trees Residences. A place of solitude right at the heart of Novaliches, Quezon City brimming with life through pristine natural gardens, relaxing stroll paths, and SMDC’s five star amenities.

Vine Residences

Price range: Php 3,300,000- Php 6,200,000

With its great location inside the SM City Novaliches complex, the residents are right in the heart of a progressive hub in Quezon City. Being near major thoroughfares, terminals, and transport hubs makes traveling very easy. Nearby institutions like schools and hospitals will just be a few minutes away..

Wind Residences

Price range: Php 4,700,000 - Php 36,400,000

Feel the breeze along Aguinaldo Highway in Tagaytay City where SMDC Wind Residences and Cool Residences are situated. It is in its own a convenient complex with everything you can ever need, but it’s also a plus that there are dining establishments nearby.

0.0 = not important

1.0 = Important

Rating

(Rating = 1) - Major Weakness

(Rating = 2) - Minor Weakness

(Rating = 3) - Minor Strength

(Rating = 4) - Major Strength

Analysis

The Internal Factor Evaluation matrix is a tool used for auditing and evaluating major strengths and weaknesses of an organization or company. The average weighted score for the IFE Matrix is 2.5 above while 2.5 below is considered weak. The total weighted score for SM Development Corporation (SMDC) is 2.48 or 2.5 which means that the company is responding to a low average score that pertains to internally weak business. Therefore, the IFE Matrix concludes that SM Development Corporation (SMDC) is in a weak position.

Analysis

1) Rivalry Among Competing Firms - Rivalry among competing developers of retail space is deemed moderate due to the three main players' aggressive expansion plans for the near future and their offering of essentially the same product (retail and food space, cinemas, etc.), only slightly differentiated for different income segments. However, the fierceness of this rivalry is somewhat tempered by the strong continued growth in household consumption, which leaves room for much more retail space to be built. However, due to SMPH's significant advantages in terms of size, mall count, and land bank location, it is in the best position to capitalize on this demand for more retail space.

2) Potential Entry of New Competitors - Although, again, customers (in this case, companies seeking to buy or lease office space) are not particularly loyal to a specific developer, the potential entry of new competitors is tempered by the fact that the demand for new commercial space is concentrated in Metro Manila, where most available land is already in the portfolio of established players. Moreover, economies of scale are advantageous to established players because it allows them to accommodate the space requirements of large firms and therefore secure the most lucrative contracts. SMPH's advantage lies in its network of strategic partnerships, building only when it has 60% commitments, and in its integration of its land bank in its long-term expansion plans.

3) Potential Development of Substitute Product - The threat of the development of substitute products for commercial space is moderately low, largely because there are currently no substitutes in the market, and no current market players are actively seeking out the development of such substitutes. Moreover, customers do not necessarily seek new kinds of office space, particularly as there are high costs to selling of buildings or ending leases early, as well as high transitioning costs once they have secured new office space. SMPH in particular keeps its tenants satisfied through its competitive prices and the close proximity to retail and transportation centers that its commercial developments offer.

4) Bargaining Power of Supplier - Despite the large number of construction firms and raw materials suppliers in the market, the bargaining power of suppliers remains moderate, due to the high values of commercial development contracts with major players, which has given rise to the popularity of long-term partnerships and/or construction subsidiaries. SMPH, for example, has the Associated Development Corporation.

5) Bargaining Power of Consumers - The bargaining power of consumers is moderately high in the commercial development market, primarily due to the fact that contracts with these customers are extremely high in value, as firms tend to buy or lease a large number of units at a time. Commercial space offerings, as mentioned earlier, are also largely undifferentiated, and offered to the same customer segment. SMPH addresses this threat with its approach of building strong and healthy long-term relationships with tenants, and leveraging on its strategic location.

Weight Ranges:

0.0 = not important to 1.0 = very important

Ratings:

4 = the response is superior, 3 = the response is above average, 2 = the response is average, and 1 = the response is poor.

Analysis

The total weighted score for SM Development Corporation (SMDC) is 3.22 which is equivalent to the company’s responding in an above average way to existing opportunities and threats in the industry. Moreover, the firm’s external strategies are effectively taking advantage of existing opportunities and minimize the potential adverse effects of external threats. It is a good evaluation of the organization that needs to focus on their least average to obtain the high weights in order to become a big competitor.

The matrix shows the different types of key external factors and its total weighted score; it has been separated in two parts: Opportunities and Threats. Inside opportunities are Geographic Location, Competitors’ price, fast site Improvement, Increasing Number of Tourists, Corporate sponsorship, National trends like modern facilities, Investor high activity, offering new products, and Offering new types of services. Then the total weighted score for opportunities is 2.16

In view of the table, threats for key external factors got a weighted score of 1.06. Within the threats, the global crisis got the highest weighted score while the least one is the increasing inflation rate.

Combining opportunities and threats weighted score is equal to 3.22

Notes:

The weights and total weighted scores in both a CPM and an EFE have the same meaning.

0.0 = not important to 1.0 very important

Critical Success Factors in Competitive Profile Matrix include both internal and external issues; therefore, the ratings refer to strengths and weaknesses, where 4 =major strength, 3 = minor strength, 2 = minor weakness, and 1 = major weakness.

Results Legend:

4- Strongly competitive

3- Averagely competitive

2- Competitive

1- Incompetent

Analysis

According to Inquirer net (2020), SM Development Corporation, it is not just about being an infrastructure that serves a place for a group of residents. The organization creates a community where people can live the best for their lives. Being healthy, happy, and secured.

In the table, it shows the several important Critical Success factors that rates each major competitor and its particular strengths and weaknesses. In CPM, the total rating and total weighted scores are for the rival data firms that can be compared to the other organization. This Matrix analysis provides important internal and external strategic information that can help each company to distinguish their strengths and weaknesses.

As stated in the matrix, Ayala land is the strongest competitor with a total weighted score of 3.26. The company has clearly got a high rating of 4 in Advertisement, Customers Loyalty, Supply of land, Grand service and amenities, Market share and Organization structure. While Megaworld acquired the next place with a total weighted score of 2.73. In addition, Ayala Land and Megaworld are the big competitors in the real estate industry in the Philippines. SM Development Corporation obtained a total weighted score of 2.65. Vista land’s total weighted score is 2.61. The next is Filinvest Land got a total weighted score of 2.53. The last one among the 6 organizations is Alveo land with a total weighted score of 2.32.

Furthermore, SM Development Corporation is one of the strongest competitors in real estate in the country. It shows that they have a stable and good stand in the industry of real estate. Hence, SMDC still needs to take action in their weaknesses to improve their route for being the strongest competitor.

D. Key External Factor

Cultural Factor

Product Design & Quality

It is very important to have a face-paced that can attract the consumers to be globally competitive. It is a step to have an activity in many firms because releasing a new product and high-quality land, house, buildings, and more can contribute to improvement of sales revenue. The objective of product design and its quality is to give new experiences to the consumers.

Price Competitivenes

Competitive pricing gives a high quality for a rival organization. It basically prevents it from losing customers and its market share to the other organization. This is highly important because it is advantageous to enable the organization to respond if the rivals release new products such as modern buildings, hi-tech homes, and more. Being in competitive pricing advantages can have a quality positioning in the business.

Economic Factor

Customers’ Loyalty

Customer’s Loyalty plays a strong part in advertising and running a business. Customer’s themselves can introduce the product, services and even the whole organization when they are satisfied. Having a loyal customer, they will spend more and support your business. Moreover, they help you to keep your high profile better and grow.

Tourist Demand

It is practically a major need of an establishment or organization because it helps to boost the revenue of the company. It creates and develops infrastructures if the organization is related to tourism. Once a tourist finds your company attractive, they will be willing to try it. Tourism is a vital point to achieve a high success in a field of business and economy.

Investor Activity

It is one of the most important lines in the business along with sponsorship. Once you invest there will be a cash flow statement that can help to boost your revenue and establishment itself. Investing in a trusted organization is a good investment in terms of capital assets. It basically means that the business will even grow in the future and has a high chance to earn a good revenue.

Legal Factor

Security and Safety

It is highly important to have quality security in a company. It gives safety to everyone. It protects the property itself. Moreover, it gives more confidence for staff to work because they know that they are protected safely. It can also be related to health due to the fact that having a safe workplace and home can radiate a well-being performance and does not need to worry in anything, just enjoying services and products.

Environmental Factor

Fast Site Improvement

It is important to have a fast site to be able to access it easily. Images and video are prime when advertising. Nowadays, people are searching on the Internet to analyze where to buy. Fast site play a big role in the data, once your site is not working properly it might start to lose visitors.

Government Factor

Corporate Sponsorship

Sponsorship gives a highly competitive edge, and it can also improve the organizations position, image, and credibility. They support their partner and give a quality product that can attract consumers. Once a company has a sponsorship, it means that they are well trusted and have a chance to be well known. Sponsorship gives a particular event that can be very effective in promoting because it can be accessed and available in a wide range of consumers.

IV. Strategy Formulation

As per WorldOMeters, the Philippine population is assessed to be 107,656,644 as of March 22, 2019. Also, with a developing population, the requirements for need is developing as well.

The World Population Review stated that the largest cities in the Philippines such as Quezon City, Metro Manila, Caloocan and Davao city also have large populations. With this data, SMDC can construct or add more branches in the enormous urban communities where they can help for the accommodation of the purchasers.

Today, SMDC keeps on creating properties that objectives the necessities and components reconsidered by those forthcoming purchasers to ensure that they keep up and even increment their piece of the pie in the business. The organization exploits the blast in the economy of the country that is capable most explicitly of expanding the request of the premium center market for properties that are moderate and helpful as well as fits to their way of life of decision.

There are many responsibilities that need to be considered for a business to grow and expand. One can develop the internal capacity to drive the extension of the company, the other one is purchasing a business with a generally evolved mastery in that space of specialization and assemble it out further.

SMDC expands its services and operations through platform companies with developed expertise where they build out. The impact can make incredible worth since the tasks of a few more modest firms join to increase the value of the new firm. In any case, the accomplishment of the mix intensely relies upon the stage organization, which may bring about annihilating worth if the procedure isn't as expected executed.

SM Development Corporation is a notable organization, generally on the grounds that it has acquired the trust and certainty of the Filipinos even before the formation of SMDC as a different element from its parent organizations.

Almost every year, there are various ventures that SMDC dispatches, and not at all like different designers, SMDC doesn't frustrate and really completes on schedule. To contrast it and different organizations in the industry, SM would have a benefit over them in view of the name as well as in light of its notices. SM has notable and regarded money managers taking care of its tasks in addition to the organization has been around for quite a long time, catching the devotion of the Filipinos.

STARS - Based on the BCG matrix the condominium is in the star category because they have the highest market share among SMDC products being offered as of today. Asking several people, the first thing that will come into their mind when you hear SMDC are their prime located condominiums. Being on the high market share, the condominium remains to have a high growth rate and continue to rise their sales.

QUESTION MARKS - Under the question mark categories is the townhouse they have high market growth because they are the second option for the condominiums but on the contrary, they have a low market share because if you seek their opportunities, it is obvious that it was been given to the condominiums released by SMDC rather than townhouses. Another factor is because townhouses are not so up-to-date and convenient in today's setup.

CASH COWS - For the cash cows’ category is the house, obviously because SMDC are known for their prime location and elegant designs and trusted layout of house they have a high market share but low market growth. A primary cause of that is having too many competitors for houses in the real estate industry.

DOGS - For the dog it has a low market share and slow market growth and that is the SMDC lot as they decide to sell lot only slots in their product menu. It was stagnant in terms of sales and again this is because of the competitors in the real estate industry and in today's perspective and aspect it is really convenient and efficient for the people to find and locate for their own lot location.

[denisejane9500]

Regal Pest Control Co. - Strategic Management Paper (part 1)

Far Eastern University

Nicanor Reyes St, Sampaloc, Manila,

1008 Metro Manila

Institute of Tourism and Hotel Management

A Strategic Management Case Study Plan for

BME1102-SEC 2 STRATEGIC MANAGEMENT

Professor: Mr. Sofronio “Toti” Dulay

Abaya, Shiela Mae

Abella, Denise Jane

Amis, Rina Kyla

An, Janine Carla

Barrueso, April Joy

Bautista, Samantha Mica

Bueta, Nykole Mar Angela

Bulanadi, Edmond Ross

May 2021

TABLE OF CONTENT

I. Executive Summary 3-4

II. Internal Assessment

a. Corporate Profile 4-7

b. Company Vision and Mission7

c. Corporate Officers 7-9

d. Product Line 9-16

e. Internal Factor Evaluation 16-18

III. External Assessment

a. Porter’s Model Analysis19-21

b. External Factor Evaluation Matrix 21-23

c. Competitive Profile Matrix 23-25

d. Key External Factor 25-28

IV. Strategy Formulation

a. Boston Consulting Group Matrix 28-31

b. Strategic Position and Action Evaluation Matrix 31-34

c. Grand Strategy Matrix 34-35

d. Internal – External Matrix 36-37

e. Strength – Weaknesses – Opportunities – Threats Analysis 37-48

f. Quantitative Strategies Planning Matrix 48-51

V. Strategy Recommendation 52-53

VI. Action Plan 53-57

VII. Conclusion 58-60

VIII. Financial Projection 60-62

IX. References 62-67

I. EXECUTIVE SUMMARY

Regal Pest Control Co. is a family-owned and regulated company that has been in the pest management market since 1988. It is a Filipino business duly established as a partnership and registered with the Securities and Exchange Commission, operating under and subject to the laws of the Republic of the Philippines. Regal Pest Control with over thirty (30) years of experience in the pest control business assure all consumers and future consumers their well-developed strategy to achieve the best pest control service. The Regal Pest Control team has earned not only experience but also the reputation of providing customers with the most comprehensive range of services and products.

The major competitors of Regal Pest Control are Entech Philippines and TermaxPro Pest Control Services. Entech Philippines is a total care system business offering clients realistic and long-term solutions for achieving and maintaining safe, sanitary, and balanced conditions of their houses and buildings. TermaxPro has prioritized being a customer-friendly company that offers secure and consistent care. The business exists to provide support to meet the stringent requirements of new commercial companies and homeowners. Regal Pest Control can maintain and improve its market growth in the pest control industry by enhancing the current strategies and creating new strategies to boost the overall performance of the company.

All the different matrices such as IFE, Porter’s Model, EFE, BCG SPACE, GSM, IE, SWOT and QSPM were used, and these matrices showed how Regal Pest Control operates and stayed afloat in the pest control industry and indicated their strong internal position and their strength to achieve all the demands of their target market. But it also showed the things that needed to improve in the company and how it affects the company's competitive position in the market. The recommended strategies that were evident on the matrices for Regal Pest Control are Market Penetration, Market Development, and Product Development. Under these strategies are the action plan needed to improve Regal Pest Control. In the Market Penetration, the action plans needed are Creating an official website, Hire influencers or celebrities, Partnerships with local TV Networks, and Loyalty Card Reward System. Under the Market Development Strategies; New store branches outside Metro Manila and Online reservations and delivery of products. Lastly, the strategies needed under Product Development are Hiring pest control professionals, Investing in new technology, Feedback System, and Partnership with International chemical suppliers.

In using these strategies, Regal Pest Control will strengthen its strengths, take advantage of the opportunities, improve its weaknesses, and avoid future threats that may negatively impact the company. This will be a way for Regal Pest Control to establish its identity and make a solid competitive position in the pest control industry.

II. INTERNAL ASSESSMENT

a. COMPANY PROFILE

ADDRESS

50 San Roque Street Barangka Ilaya, Mandaluyong City, Philippines

PHONE NUMBER

63 (2) 534-6350

BRANCHES:

18 Mintcor Townhouse, West Service Road, South Super Hi-way, Cupang, Muntinlupa

50 San Roque Street, Barangka Ilaya, Mandaluyong City, Metro Manila, Philippines

Regal Pest Control Co. is a family-owned and operated business that has been in the industry since 1988. The company was established and managed by the former President of Pest Exterminators Association of the Philippines (PEAP) from 1995-1996, Atty. Silverio R. Garing on April 4, 1988, with a total number of 22 employees. Since then, the company was categorized as a Certified Pesticide Applicator/Exterminator. It is a Filipino company, adequately incorporated as a partnership and registered with the Securities and Exchange Commission, existing under and under the laws of the Republic of the Philippines. With over thirty (30) years of experience in the pest control industry, Regal Pest Control is a company that guarantees all the customers their well-developed strategies in ensuring that the customers will receive the best pest control experience.

Over the years, the company developed pest control services that will help eradicate wide-range pest issues in our homes and our office. It is not surprising that our homes are often infected by pests, especially that we are living in a tropical rainforest country. According to Vail et al. (2020), lighting, warm air, rain, and food all attract pests. They seek refuge and safety in dim cavities in floors or enclosed spaces. Many different insects are considered pests in our household, but the most common is called “bugs.” Some of these pests, such as termites, necessitate the use of specialized equipment and expertise to add vast quantities of insecticides to any possible entry points into our household or building.

Regal Pest Control, with the help of its partners like multinational firm’s suppliers and distributors of environment-friendly chemicals for Pest and Termite Control Services, the company developed new technology such as Baiting systems, Fogging Method, Misting Method, Rat Disposal Service, Garden Pest Control, Rat Abatement Maintenance Programme and General Pest Abatement Maintenance Programme for Non-Structural Pest. For Structural Pest, Regal Pest Control provides Termite Proofing Works, Soil Poisoning, Cement Drilling Method, Wood Drenching, Termite Mound Demolition, and Termite Abatement Maintenance Programme, etc. The Regal Pest Control team has gained not only experience but also the prestige of supplying consumers with the widest variety of facilities and products.

OBJECTIVES

According to Michigan Government (n.d.), objectives are specific, time-bound, measurable acts that contribute to the achievement of a company. A company has an advantage if they have their objective clear and precise. This will ensure a clear path towards their success. Setting objectives makes it easy to evaluate a company's results. If objectives are reached, it may be stated that the company did its strategies effectively.

Regal Pest Control's objective is to establish a company that would provide work ethics characterized by honesty, sincerity, and dedication to duty. The company aims to provide a reliable and trustworthy service to the client.

Short-Term Objectives

- To hire capable employees that are willing to learn and grow in the company

- To acquire prominent clients to expand business

- Develop new techniques to enhance service and production

Long-Term Objectives

- Purchase new machineries to increase production

- To expand to other parts of the Philippines by creating more store branches

- Investing in the employees to lessen employee turnovers

b. COMPANY VISION AND MISSION

VISION

To achieve the highest level of Customer Service towards the full satisfaction of our clients and to create a working environment that will promote productivity among themselves.

MISSION

A company that will provide at all times to the General Clientele with reliable, honest, professional and quality service.

c. CORPORATE OFFICERS

GENERAL MANAGER

Silverio R. Garing

ASSISTANT GENERAL MANAGER

Rebecca G. Garing

TREASURER

Vistoria Garing

BOOK KEEPER

Jackelyn Serrano

ACCOUNT EXECUTIVE

Ronaldo Fontanilla

Froilan Cravalho

SECRETARY

Lyra Luz Garing

SERVICE FOREMAN

Edwin Bulanadi

BRANCH MANAGER/ATTENDANT

Frederick Garing

MAIN BRANCH

Address: 50 San Roque Street, Barangka Ilaya, Mandaluyong City, Metro Manila, Philippines

EXTERNAL BRANCH

Address: 18 Mintcor Townhouse, West Service Road, South Super Hi-way, Cupang, Muntinlupa

d. PRODUCT LINE AND SERVICES

Pests navigate their way into our households regardless of how meticulous we are about our household chores. Some of these pests cause severe damage to foods, clothes, rugs, and wooden furniture, while others transmit diseases. According to Cranshaw (2011), arthropods that inadvertently invade buildings are among the most common residential/structural pest scenarios, referred to as "nuisance invaders." Pests, such as cockroaches, flies, rats, and other insects, can be a real danger in our homes and company. Pest management in the home is essential all year. Any insect infestations, such as termites, will almost often necessitate the assistance of a reputable pest control operator (Hantsbarger, 1981). That is the reason why hiring a pest control operator is the easiest way to eradicate and minimize the negative effect of these pests. Below you can see the different products and services that Regal Pest Control treatment company provides.

PRODUCTS

Pest and Termite Control Chemicals and Equipment

Probuild

A termiticide is a synthetic version of a flower’s pyrethrum, which exterminates every species of subterranean and dry wood termites through contact and stomach action to restrain them from returning to structures.

Hometrek

A termiticide protects against subterranean termites by forming a liquid barrier that remains in the soil for at least five years.

Optigard Ant Gel

A non-repellent termiticide used for controlling subterranean termites is applied before and after the construction of structures.

Maxxthor Termiticide

It prevents and controls subterranean termite infestations in and around structures. It forms a barrier that will prevent the termites from entering the structure.

Termitrol

It aims to address the root cause of the problem; thus, its target is to eliminate the termite colony. Termitrol is a special kind of termiticide that is non-repellent and has a delayed mode of lethal action which means when termites have contact with the poison, they will not immediately die. Consequently, it enables the poison to be passed on to other termites resulting in the extermination of the whole colony.

Devron

A termiticide injected into the soil creates a constant chemical barrier that blocks termites’ entry points in the structure and terminates termites.

Stedfast

A termiticide that contains alpha-cypermethrin is environment friendly. It is a long-lasting termite control solution that deals with termite infestations and protects structures from future or potential infestations.

Solignum

It is a wood preservative that serves as a safeguard against termites like wood borers and fungi.

Cislin EC

A spray that treats wood surfaces and flushes pests’ residuals.

Resigen

It is a space spray for pests such as mosquitoes, flies, and cockroaches. The solution can be diluted with diesel or kerosine if it will be used outdoors. If it is for indoor treatment, it should be diluted with water.

Solfac

It contains Cyfluthrin which is ideal for treating cockroach, housefly, and mosquito infestation. It can also prevent Malaria.

Crackdown Residual Insecticide AU

It is a general insecticide to control various insects like carpet beetle, silverfish, flea, flies, bird mites, and cockroaches.

Veneers

It is a stone veneer insect repellent. Stone Veneers are very durable. Therefore, they can prevent the entrance of pests into a structure.

Outlook

It is an herbicide that protects crops such as cornfields, cotton, garlic, dry beans, and many more.

Optigard Termite Liquid

It is a bait that attracts ants, and when ingested and shared by ants to the colony, it will lead to complete control.

Solfac WP

It is used as an indoor residual spray for the control of mosquitoes which prevents dengue, malaria, and other diseases carried by mosquitoes.

Novim

It is an insecticide that targets the nervous system of pests. Insects’ exposure to Novim will cause hyper excitation and tremors in their nerves which leads to paralysis and death.

Pervade

It is an insecticide that is lethal to pests. When exposed to this insecticide, pests will experience hyper excitation and tremors in their nerves which leads to convulsions, paralysis, and death.

Deluge

It is one of the most common insecticides that is very effective in controlling household pests such as cockroaches, flies, mosquitoes, ants, etc.

Pesguard

A spray that has the ability to control both flying and crawling pests such as bed bugs, cockroaches, houseflies, mosquitoes, and beetles.

Responsar

It contains beta Cyfluthrin which is able to control insect pests such as houseflies, cockroaches, and mosquitoes.

Vakem

It is a fumigant that is effective in controlling household, public health, and stored product insects such as aphids, caterpillars, thrips, and flies.

Dichlorvos

It is an insecticide that is used to eliminate household and agricultural pests.

Vapona

An insecticide for cattle and livestock premises as it is able to control parasites such as mosquitoes, horse flies, face flies, stable flies, and houseflies.

Racumin Paste

It is a rodenticide that is effective in controlling rodents or rats and mice.

Storm

It is a rodenticide that is very effective in controlling rodents as it is able to kill or eliminate rats.

Icon

It is an environment friendly and non-carcinogenic insecticide that is highly effective in controlling cockroaches, flies, and mosquitoes.

Bosny Rat Glue

It is an adhesive trap to catch rats when they wander across its surface.

· Klerat Wax Block

It is a single feed bait for rodents that is easy to use.

SERVICES

NON-STRUCTURAL ACCOUNT

· General Pest Abatement Maintenance Program (GPAMP)

Designed for the control of cockroaches, mosquitoes, bugs, flies, and other flying and crawling insects that transmit more than 35 communicable diseases to man. The treatment is done by spraying, misting, or brushing.

· Rat Abatement Maintenance Program (RAMP)

Usually placed the rat bait in strategic areas that are safe to humans and where rats normally roam around.

· Fogging Method (FM)

Using a fine pesticide spray (aerosol) which is directed by a blower.

· Misting Method (MM)

Allowing the pesticides to stay suspended in air to kill all flying insects. It will be conducted for external areas including drainages and canal.

· Garden Pest Control (GPC)

Remove mealybugs from plants with strong sprays of water or swabbing with alcohol-dipped cotton swabs.

· Rat Disposal Service (RDS)

Remove dead rats by placing animals in tightly sealed containers for proper disposal and by the use of traps or poisons.

STRUCTURAL ACCOUNT

TERMITE PROOFING WORKS (Under Construction Project)

a) Phase I - Soil Poisoning

By applying 4 liters of the strong chemical called Termiticide solution per square meter of slab foundation. Spraying must be prepared when the foundation bed has remained completed and ready for pouring of concrete.

b) Phase II - Treatment of the building skeletal Framework

It is stated to control pests in or near a structure. Its favorable conditions will make the build-up of pest populations less heavy and leaves a perfectly cleaned skeleton in a small pile.

c) Phase III - Final Treatment

It is important to not clean immediately, Pest control treatments are usually personalized based on your requests. So, you will be told when you can clean again and if there are any areas you should not rinse. Do not do a deep cleaning for at least a week.

TERMITE CONTROL SERVICES

· Soil Poisoning (SP)

Involves treating the soil around your house with a termite insecticide, such as imidacloprid. Woods can also be treated directly if termites are inside. Termite baits are strategically placed around your yard to lure termites in.

· Cement Drilling Method (CDM)

Drilling concrete slabs and injecting chemicals is one of the ways to protect a property from termites. Holes are often drilled around a perimeter to ensure a complete chemical barrier.

· Wood Drenching (WD)

Chemical treatment of the fill material prior to pouring a concrete slab protects wood in the building from termite attack.

· Termite Mound Demolition (TMD)

Search for these termite mounds, destroy them and thoroughly treat the surrounding. This is done by trenching, spraying or injection methods.

· Borer (Bukbok) Abatement Maintenance Program (BAMP)

Proper waste disposal process and sanitation to reduce infestation and use of the correct treatment, chemicals to get rid of wood borers for individual circumstances.

· EXTERRA Termite Interception and Baiting System

Some bait stations are installed below ground out in the yard, while others are placed within the structure in the vicinity of active termite mud tubes.

e. INTERNAL FACTOR EVALUATION MATRIX

According to David and David (2017), this strategy-formulation method outlines and analyses the key strengths and weaknesses in a company's functional areas and provides a foundation for defining and assessing relationships between those areas. The table below shows the strengths and weaknesses of the company Regal Pest Control and how it affects the company's internal structure.

Legend

Rating:

4 - Major Strength 3 - Minor Strength 2 - Minor Weakness 1 - Major Weakness

Internal Factor Evaluation Analysis

In relation to the purpose of the IFE Matrix, the table shows that Regal Pest Control has the two most essential factors in line with their business: Contract completion on time and Financial Stability. It only shows that the Regal Pest Control has an excellent internal structure. On the other hand, the company is also experiencing some weaknesses like lack of company website and lack of modern advertisement mode. It is essential to update and have enough information on their website to allow their customers to know what they can offer and what is new about their services. If this is not handled well, this may be a problem for the company because they may be out of date and will not keep pace with their competitors.

Overall, the Regal Pest Control receives a score of 2.68. Based on IFE Matrix, Regal Pest Control weighted above average, meaning the company has a good standing and a solid internal position. Nevertheless, this also shows that there is still much room for improvement to enhance and fully operate without shortcomings.

III. EXTERNAL ASSESSMENT

Market Position

Since Regal Pest Control is a company that is still finding its way to the competitive market of the pest control business, the basis for the market position that will be used is according to the estimated net income of Regal Pest Control and its competitors.

Company Net Income

Regal Pest Control ₱ 400,168

ENTECH Philippines ₱ 680,560

TermaxPro Pest Control Services ₱ 756,845

Competitors:

ENTECH Philippines

ENTECH Philippines is a Total Care System provider that provides clients with practical and long-term strategies to achieve and preserve clean, sanitary, and healthy environments. Integrated Pest Management (General Pest Management, Termite Management, Other Pests), Professional Cleaning (Disinfecting, Deep Cleaning, Furniture Cleaning), and Environmental Solutions are among the high-quality facilities (Entech Philippines, 2021).

TermaxPro Pest Control Services

TermaxPro Pest Control Services has focused on being a customer-friendly business that provides safe and dependable care. The company is there to provide service and satisfy the strict demands of new commercial enterprises and homeowners. Many of their pest controllers have received extensive training through certified PEAP (Pest Exterminators Association of the Philippines) workshops (TermaxPro Pest Control, 2021).

a. PORTER’S MODEL

According to Bruijil (2018), Porter's Model is built on the principle that a corporate approach can counter opportunities and threats in the organization's external environment. A strategic approach should be based on a thorough understanding of market structures and how they adjust. It is a method for analysing the level of competition in a market and developing competitive strategies.

Porter’s Framework Analysis

Regal Pest Control is already thirty (30) years in service and continues to maintain the pest-free status to where they provide their service and is now competing with ENTECH Philippines and TermaxPro Pest Control Services, which has only a few years in service, but a lot of people knows their company name and patronizing their service.

The business Regal Pest Control is bound to have the threat of new entrants, which are the Dexterminator Pest Control Services, Mapecon, and Pest-Ex Pest Control Services Metro Manila that would challenge their business. Since technology has been changing from time to time, there is a need to scale up within the company to keep abreast with the time, and it is not hard for other companies to come up with the same line of business.

The one who supplies the pest control companies or services is the chemical distributors in the Philippines, which provides chemicals to each pest control company to be used for cleaning and washing out the pests that dwell in areas and facilities.

The substitute products for Regal Pest Control or any pest control services that use chemicals as an active ingredient to kill pests are agricultural netting and cultural control, which is risk-free and has no adverse consequences.

The target market of Regal Pest Control is the sub-urban and urban people in which maintaining clean and safe facilities and areas are their priority, especially that there are a lot of buildings, offices, and restaurants present in the area.

b. EXTERNAL FACTOR EVALUATION MATRIX

An External Factor Evaluation (EFE) Matrix enables strategists to compile and analyse financial, societal, cultural, demographic, environmental, political, governmental, legal, and competitive details that will help the company know if their strategies successfully capitalize on emerging opportunities while minimizing the possible negative impacts of external threats (David & David, 2017).

Legend

Rating:

4 - Major Strength 3 - Minor Strength 2 - Minor Weakness 1 - Major Weakness

External Factor Evaluation Analysis

In accordance with the purpose of the EFE, Regal Pest Control showed the opportunities and threats present in the company. Based on the table above, Regal Pest Control earned a cumulative weighted score of 2.65 on the EFE Matrix. The EFE Matrix is focused on an overview of the general climate and these external conditions that impact the sector to determine new opportunities and threats for Regal Pest Control. According to the weighted ratings, the company's response has a significant impact on its existing opportunities and threats in the pest control sector.

There is a series of opportunities like increased demand for Pest Control Services, new agreements that will deal them better pricing of services, and decreased taxes in the external factor matrix. In the threats section, we will see the new competitors who would either be in the same line of business, predicted natural disasters that may lessen the demand for their services, and new laws in this ever-changing time that will require them to have a change in framework.

c. COMPETITIVE PROFILE MATRIX

According to Bhattacharjee and Dey (2015), the Competitive Profile Matrix (CPM) is an analytical method that offers competitive edge information focused on key performance factors and acts as the foundation for an organization's strategy. It also enables the firm's owners to compare their firm to main competitors by using crucial performance factors.

Legend

Rating:

4 - Major Strength 3 - Minor Strength 2 - Minor Weakness 1 - Major Weakness

Competitive Profile Matrix Analysis

In relation to the primary purpose of CPM, which is to know the company's competitive advantage, Regal Pest Control compared to the two (2) present competitors where you can see and evaluate from the table above. Regal Pest Control received a weighted score of 2.96 based on the CPM matrix, while Entech Philippines received a weighted score of 3.67 and TermaxPro Pest Control Services received a weighted score of 3.69. About the fact that TermaxPro Pest Control Services has the highest weighted average, some of its variables have varying ratings and weights.

To keep up in the future, Regal Pest Control should improve their competitive edge and make additional changes for variables that have poor ratings, allocating additional advertisements and investments, especially in advertising, reliable work, and customer loyalty.

d. KEY EXTERNAL FACTOR

Key External Factors

Political

Political factor is the extent wherein the government can intervene or influence the economy, thereby influencing the industry. This is evident during the global pandemic where they had the call which businesses would be open or not. There will be scenarios where the pest industry will be affected, especially with the rules and regulations imposed by the current and future administration. There will be possible problems in the political arrangements in place to deal with growing tensions throughout the transition of power in a post-election period, resulting in an election-related violence that may affect the industry (Alihodžić & Burcher, 2013).

Economic

This is how economic conditions may affect the supply and demand of the industry, therefore, affecting the company. These may also depend on the services which are deemed necessary nowadays. In line with the economy, the activities that are performed are somehow the ones that are in demand. Now that we are in the middle of the pandemic, the economy of the Philippines is deteriorating. In fact, in 2020, the Philippines experienced its highest unemployment and the most significant drop in GDP in history (Lim, 2020). All of the businesses, including the pest industry, were severely affected because of the economic drop in the Philippines. This shows how the economy can affect the business, especially if the world is dealing with a pandemic.

Social

With the social factor, this is how the customer expectations and desires are reflected in changes in the socio-cultural business environment. According to Masovic (2018), culture and society are not actively involved in business activities; they do play an important role in influencing how well the company is handled, on which products are manufactured, and how and by what methods these will be marketed to the development of administrative and organizational practices. A company examines the socio-economic context of a given industry's market in order to fully understand how the consumer needs and wants are formed and what drives them to the store to make a purchase. This just shows how society has a significant impact on the company's products, especially that Regal Pest is a company that produces products. Adults often purchase the pest control industry's products, the reason why Regal Pest Control should examine and come up with strategies that could reach all ages, not just adults.

Technological

Technology has the potential to carry out the company's advantages and opportunities. It strengthened the market and industry by developing new products and services, establishing new markets, and increasing company efficiency. Most businesses or companies have a working technology to reach out to the consumers, deliver goods, and provide high-quality services. Consumers can shop for goods and services without leaving their homes. It is much easier to provide online reservations for pest industry products and services with the aid of technology, particularly now that we are in the midst of a pandemic.

Environmental

Environmental aspects are elements of an organization's activities, products, or services that can interact with the environment (Ganguly, n.d). Environmental factors include climate change, availability of non-renewable goods, and eco-friendliness of the products that affect the company's operations or customer demand. It may also affect the consumers' health. For the Regal Pest Control, these may include the chemicals used to perform the job and affect the said company. Many chemical products are hazardous for the company and consumers. There should be strategies to minimize the effects and broaden the options to provide more environmentally-friendly products.

Legal

It comes with the requirements needed in a particular territory or laws to perform the business and may differ from one territory to another, which needs to be considered when businesses are opened. The pandemic has indeed compelled nations all over the world to impose unparalleled lockdowns, forcing companies to close for long periods and imposing restrictions in our daily lives to mitigate and possibly minimize the effect of the pandemic in the Philippines. This is the best example of how legal actions affect the business because everyone is required to follow government restrictions, especially if it is connected to the business.

IV. STRATEGY FORMULATION

a. BOSTON CONSULTING GROUP MATRIX

The BCG Matrix is designed by Bruce D. Henderson of the Boston Consulting Group, a private management consulting firm specializing in strategic planning (Boston Consulting Group, n.d). This matrix serves as an aid for companies or organizations in analysing their business units or product lines which are also called divisions. The BCG Matrix graphically presents the differences among the product lines in terms of their relative market share position and industry growth rate, consequently allowing the organizations to manage their business portfolios in order to formulate suitable strategies for each division (David & David, 2017).

The relative market share is on the graph's x-axis, and the industry growth rate is on the y-axis of the graph. The matrix consists of four quadrants: The Question Marks or Quadrant I, Stars or Quadrant II, Cash Cows or Quadrant III, and Dogs or Quadrant IV. The units situated on the Question Marks Quadrant have a low relative market share, but they compete in a high-growth industry. The units on the Stars Quadrant have a high relative market share and a high industry growth rate which means they represent the companies' best opportunities for growth and profitability. The divisions on the Cash Cows Quadrant have a high relative market share but compete in a low growth industry. Lastly, the divisions on the Dogs Quadrants are weak because they have low relative market share and compete in a slow or no market growth industry (David & David, 2017).

The Regal Pest Control Company divisions are listed in the table above and their revenues and profits. The first division is the Termite Control Services; the second division is the Pest and Termite Control Chemicals and Equipment; the third is the Non-Structural Account and the Structural Account. In the External Assessment, the market position and the net income of Regal Pest Control and its competitors were recorded. With that data, the relative market share was calculated by dividing the profit percentage by the competitor with the highest market share. According to Grand View Research, the industry growth of Pest Control Services is approximately 5%, while the industry growth of Pest Control Products is approximately 4%.

The figure below is the BCG Matrix of Regal Pest Control Company:

Boston Consulting Group Matrix Analysis

Based on the figure above, Division 1 or the Termite Control Services are situated in the stars quadrant because it has the coordinates of (0.85,5). This means that the company may adopt strategies such as forward, backward, or horizontal integration, market penetration, market development, and product development. Next, the second division is the Pest Control Products; though the industry growth rate is not as high as the industry growth rate of pest control services, it is still located at the stars quadrant with division 1. The same set of strategies can be adopted for this division. There are no divisions on the dog's quadrant, which is suitable for the company. Lastly, divisions 3 and 4 or the non-structural account and structural account are both on the question marks quadrant because they have the same relative market share and industry growth rate. Strategies for the divisions in this quadrant would be market penetration, market development, product development, or divestiture.

[gotounivercity-blog]

Top Reasons to Study in Netherlands

The Netherlands is known for its renowned standard of education and comparatively low cost of living. Also, many Dutch universities offer grants and scholarships that can reduce or fully cover the tuition fees of study programs. Dutch universities are among the best universities in the world. The Netherlands is one of the top non-English speaking countries where you can study abroad, get Quality education & Degrees taught in English.

Types of programs in Netherland Universities Dutch degrees & qualifications The following degrees are available in the Dutch system which does not differ much from the European system.

Bachelor’s Degree (BA, BSc, BEng): 3-4 Years

Masters Degree (MA, MSc, MEng): 1-2 Years

Ph.D.: 4 Years

Postdoctoral research

There are primarily three different types of institutions. Research Universities, Universities of Applied Science Institutes for International Education. Certain degree levels are only available from each institution type. Bachelors: Available at Research Universities and Universities of Applied Sciences Masters: Available at all Institution types PhDs: Available only at Research Universities Admission Requirements- Dutch credit system (ECTS scheme) The study workload is measured in ECTS (European Credit Transfer and Accumulation System) credits. Student workload is the notional time an average student needs to achieve the objectives of a program. This includes lectures, seminars, assignments, laboratory work, independent study, and exams. The ECTS credit system is used to evaluate different universities, programs, courses, modules, dissertations, or even students’ qualifications. Credits are awarded after the completion of the program.

Entry requirements for universities in the Netherlands The first step is to contact the international office of the university you are interested in to check whether your degree (obtained in your homeland) is recognized in the Netherlands. Once your degree is recognized in the Netherlands, you may need:

Residence permit if you are not an EU / EEA or Swiss citizen.

English Language Score: TOEFL (minimum 550 paper-based, 213 computer-based), IELTS (minimum average of 6) GMAT or GRE.

A minimum average of 7 - 7,5 (foreign diploma).

Institutions may reject your application or ask you to take some admission tests if they believe you are not fully qualified.

Most universities may also offer you courses in Dutch as a second language so you can prove that you have sufficient mastery of the language.

Required average scores vary depending on university and major. Note that for some programs, the number of applicants is much higher than that of available places - in this case, a selection procedure takes place.

Top Universities in the Netherlands

Amsterdam University of Applied Sciences

ArtEZ University of the Arts

Breda University of Applied Sciences

Delft University of Technology

Eindhoven University of Technology

Erasmus University Rotterdam

Global School for Entrepreneurship

Hanze University of Applied Sciences, Groningen

Hotelschool The Hague

HU University of Applied Sciences Utrecht

Leiden University

Maastricht University

Nyenrode Business University

Radboud University

Rotterdam University of Applied Sciences

Stenden University of Applied Sciences

The Hague University of Applied Sciences

Tilburg University

University of Groningen

University of the Arts, The Hague

University of Twente

Utrecht University

UvA University of Amsterdam

VHL University of Applied Sciences

VU University Amsterdam

Wageningen University & Research

Windesheim University of Applied Sciences

Cost of Studying in the Netherlands The cost of study at Dutch universities and other higher education institutions depends on a student’s nationality. University fees for Dutch and EU students For students from the Netherlands, other EU/EEA countries, Switzerland or Surinam, the cost of study at Dutch universities and higher education institutions are mostly covered by the government. However, these students are required to contribute a statutory tuition fee an annual amount of around 2.000 euros, set by the government. University fees for non-EU students in the Netherlands For non-EU students study costs are usually higher when coming to the Netherlands. This amount depends on the institution, the degree, the student’s residence permit type, whether they have studied before, and if they have obtained a scholarship. To know the exact amount, it’s advised to research costs directly with the institution of your choice. Private school costs in the Netherlands Private schools such as business schools, run bachelor and MBA programs with tuition fees ranging from roughly 16.000 to 36.000 euros for a complete program. Student Financing in the Netherlands The Dutch government also has a student financing system to assist students with paying for their study and living costs, including public transport. What it comprises exactly depends on what you study. Student financing is available to Dutch students, however, non-Dutch students are sometimes also eligible if they have EU citizenship or a type II, III, or IV residence permit. Additional costs while studying Extra costs that need to be taken into consideration include: Visa and residence permit fees. Travel costs to arrive in the Netherlands. Accommodation in the Netherlands (e.g. short stay, room, apartment, student housing, etc.). Dutch health insurance depending on where you are from and how long you are staying. Study materials such as textbooks or equipment. Travel costs to places such as shopping, using public transport, and leisure activities. Students are often eligible for discounts at many bars, restaurants, museums, and cinemas. Study costs are tax-deductible If case you are working while studying in the Netherlands, you can deduct study costs on your annual income tax return. Deductible study costs include: Programs and degrees such as an MBA, Master’s, Bachelor’s, MBO, or certain personal development courses Textbooks A computer Study materials such as specialized software or equipment Note- Language courses, travel costs, and accommodation are not deductible.

The Netherland’s Student Visa Process The Holland student visa process for a Non –EU student is as below. Provincial Residence Permit- MVV, officially known as Machtiging tot Voorlopig Verblijf (MVV). This is also known as the permit to enter the Netherlands. The MVV is applied for on the student’s behalf by the university. MVV allows entry into the country for six months. Most of the courses at universities last for 1 to 4 years, a mere MVV will not suffice. Hence the other option is to apply for VVR. VVR or a Residence Permit -once you enter the country, you need to apply for VVR or a Residence Permit. The VVR is also applied for by the host university. VVR is valid for the duration of the program and is permitted only for study purposes the student had enrolled in. There is another condition attached with the validity of VVR. It stays valid provided the student scores 50% of credit throughout the course duration. As the Netherlands is a part of the European Union, international students from the EU or EEA get special privileges and have different requirements. They require neither the MVV nor VVR for studying in the Netherlands. Such students have to simply request their host institutions to register them with the immigration authority. For students from the USA, Canada, Vatican City State, Monaco, South Korea, Japan, Australia, and New Zealand, only a VVR is required. Requirements for Student Visa for the Netherlands For the successful grant of a student visa for the Netherlands, you must submit these compulsory documents:

Valid passport

Sufficient financial Proof -means validating that you will be able to support yourself financially during your stay. These include either or all transfer of funds, bank statement, and scholarship letter.

Letter from the university you have chosen confirming your admission or enrollment

Proof of payment for all required legal fees

Health insurance

NUFFIC-certificate, a requirement only for Chinese students

Other document requirements are:

Completed application form

Two photographs meeting the officially specified conditions

Birth certificate

Academic transcripts

Insurance Requirements Netherlands student visa requirements-students are required to have valid health insurance to bear their medical expenses in the Netherlands if required. For non-EU, non-EEA, and students from Switzerland, their EU Health Insurance Card should be sufficient. For those working in the Netherlands, it is compulsory to take the Dutch basic healthcare insurance. Keep this in mind if you intend to work part-time during your course. Students should find out from their host institution for details on health insurance requirements and references for an insurance company. Many private companies also offer special insurance packages for students. Some other insurance options are not required but are strongly advised. Personal liability insurance is for insuring you against costs incurred by you in case of damage to someone or their property. Repatriation insurance should also be considered. It covers you against the transferring cost incurred if a serious medical condition requires returning you to your home country. Household contents insurance covers you against any unfortunate damage to your house due to fire, water damage, and theft, among others things.

Top Courses in the Netherlands

Systems Thinking for Sustainability: Complex Systems Analysis Course - Except Integrated Sustainability

International Bartender Course.

Short Course in Social Media and Online Marketing.

Sustainable Urban Development.

Data Analytics Bootcamp Course.

Try Entrepreneurship in 90 Days.

Literature and Society. Bachelor Degree.

Economics and Business Economics. BSc.

Double Bachelor BSc² in Econometrics and Economics. BSc.

Management & Leadership. MA.

Marketing Management - Digital Business Concepts. Bachelor Degree.

Horticulture & Business Management.

International Tourism Management.

Work while studying in Netherland Many students choose to work while pursuing their education in the Netherlands. It depends on their nationality, if students may work for up to sixteen hours a week with a work permit from their employer. EU/EEA/Swiss nationals are allowed to work in the Netherlands as many hours as they choose while studying. Internship Opportunities in Netherland Internships and industrial placements will only be arranged for students if they are included in the program being followed, however, these can be full-time, and there is no limit to what a student may earn. It is expected for students to earn between 6 and 10 euro per hour for part-time work they find themselves.

Career Opportunities in Netherland Careers in Holland offers the best international recruitment solution for jobs in Holland in IT, engineering, high tech, and science on BSc, MSc, and Ph.D. levels Holland has fast-growing industries and is a key player in the business world. The sectors offering great employment opportunities in Holland include agriculture and food, creative, chemicals, energy, high-tech systems and materials, horticulture, life sciences, and health, logistics, and water. Large Dutch multinational companies include:

Philips

KLM

Shell

ING Bank

Unilever

There are lots of opportunities for ex-pats to work in the Netherlands. The Netherlands is home to a wide range of international and multinational companies; Dutch internationals include ING Group, Royal Dutch Shell Group, Unilever, Philips, and Heineken. The Netherlands has a relatively stable economy backed by a number of foreign investments encouraged by advantageous tax conditions. The country also has a diverse, well-educated population, almost 24% of whom are foreign or ethnic minorities. Jobs in the Netherlands

The country is a world leader in agriculture, beaten only by the USA in terms of food exports. Its top commodities include:

machinery

electrical equipment

mineral fuels

pharmaceuticals

medical apparatus.

POPULAR GRADUATE JOBS

Agriculture

Energy

Finance

Healthcare

Transport and logistics

According to iamamsterdam.com, the average starting salary of a university graduate in the Netherlands is €2,632 per month. This can be higher, depending on your degree subject. Skills Netherland currently has the second-highest demand for engineers globally, despite its reputation as an innovative leader in high-tech engineering and technology. Other areas include:

IT sector- For rapid advances in technology

Teaching- There is a current level of trainee and qualified teachers.

The healthcare sector, which is under strain thanks to a growing population and longer average life expectancy, meaning more people than ever before are needing care.

Immigrate To Netherlands Post-Studies Holland offers visas for international students who want to stay and work after graduation. With the Orientation Year for Graduates Seeking Employment one can spend up to one year looking for work in Holland, and one can stay as long as you have that job. To apply for permanent residency in the Netherlands you have to meet the following conditions: You must have completed your five years of consecutive legal stay in the Netherlands. You must have a valid resident permit or temporary stay permit at the time of applying for permanent residency in the Netherlands.

Health Care Benefits In Netherlands People who live in The Netherlands may be entitled to a healthcare allowance. This benefit helps to cover the monthly premium payment for Dutch health insurance. Expats or students that are (temporarily) working in The Netherlands can also apply for the healthcare allowance. Requirements for Dutch healthcare allowance You need to meet the following conditions: You are at least 18 years old. You have Dutch health insurance. You have an EU nationality, a valid residence permit, and/or work permit. You earn below a certain level Your assets are less than a certain amount Income requirements for healthcare allowance Ex-pats majorly whether or not entitled to receive a healthcare allowance will depend on their income. The Dutch tax authorities make a distinction between being single and having a household with two incomes:

Public Transport Systems in the Netherlands Public Transportation Consists of a variety of Modes, such as: Cycling- Cycling is an easy mode of transport in the Netherlands. 27% of all trips are by bicycle- the highest modal share of any country in the world. Rail Transport- Most distances traveled on Dutch public transport go by rail. Like, the Netherlands has a dense railway network, between 7,021 kilometers (4,363 mi) and 7,300 kilometers (4,500 mi) of the track. Public Transport- Long-distance buses are limited to a few missing railway connections. Regional/rural public transport, serving small(er) towns is by bus. Local/urban public transport is also generally by bus, but the three largest cities (Amsterdam, Rotterdam, and The Hague) all have extensive tram systems, that in each case also connect with adjacent cities in their respective urban agglomerations Public Transportation Consists of a variety of Modes, such as:

Buses.

Cable cars.

Commuter trains.

Monorails and tramways.

Light rail.

Subways.

Streetcars and trolleys.

Taxi.

Vanpool Services

Ferries and Water Taxis

Water Transport- The Netherlands has thirteen seaports, three of which have international significance. Education Facilities in Netherland The education system in the Netherlands works very well, but it is very different from most other countries. Schools following particular religious or pedagogic principles have had equal state funding to public schools since 1917.

Education in the Netherlands Most children start primary school (called basisschool in Dutch) the day after their 4th birthday; whenever that is throughout the year. From their 5th birthday, all children are obliged to go to school Pre-school education in the Netherlands Before a child reaches primary school age, he/she could go to daycare or preschool, or a combination of the two. Daycare is meant for children from about 10 weeks up to 4 years old. Most daycares only offer full-day contracts for 1 to 5 fixed days per week. In most cities, preschool starts at age 2 and is offered for an average of 15 hours per week, spread out over three days. Primary education in the Netherlands In the Netherlands, there is a distinction between an open bar and bijzondere schools. The openbare schools are both funded and run by an independent foundation that was originally set up by the government. They are always non-religious. About two-thirds of the population attend bijzondere (special) schools, which have their board and often follow particular religious or pedagogic principles. Secondary education in the Netherlands It has three levels of high school education, which go by the acronyms of VMBO, HAVO, and VWO. Here is a summary of them all: VMBO – It is preparatory secondary vocational education, usually takes four years, and is followed by MBO, HAVO – It is the senior general secondary education, takes five years, and is followed by HBO (Hogeschool/University of Applied Sciences); VWO – It is pre-university education that takes six years, and students can continue to university (WO). Higher education in the Netherlands Since most employers ask for qualified employees, students are highly encouraged to obtain a diploma. After the above-mentioned types of secondary school, students can continue with many different types of higher education. Bachelor and masters programs Some HBO institutes also offer a master’s program, for which you often need to have some relevant work experience. You can also do your bachelor’s at HBO, followed by a master’s at university. With the certificate of your first year of HBO (propedeuse), you may also continue your education at university. Education costs and funding Municipalities sponsor parents who cannot afford the voluntary parent contribution at the government-funded schools. They can also get a contribution towards after-school activities and other costs related to raising children. Some companies pay for the international education of the children of their employees, and sometimes these fees are tax-deductible. It is a good idea to ask your HR department if this is the case.

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Global Air Conditioning Market Size, Share, Impressive Industry Growth Report 2027

The global air conditioning market is anticipated to grow at a moderate CAGR of 5.8%during the forecast period (2021-2027). The market growth is mainly driven by the increasing urbanization, technological advancements, and growing demand for inverter air conditioning, among others. Increase in urbanization not only affects the human aspects but also has a broader impact on business specially consumer appliances. People who often shift to urban area have much higher income as compared to others, so the citizenry will look to spend more on discretionary purchases such as electronic machinery and its equipment.  So, it will lead to generating more and more need and demand of air conditioner and further the utilization of the same.

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Additionally, new product launches to meet the demand for customization is another key factor enlarging the growth and development of the air conditioning industry. For instance, in January 2020, Daikin had launched first ever European VRF air conditioning system which would be run on the lower GWP refrigerant R32. The presence of the new technology into the product is there for making the VRF5 as an east to install same as the model R410A. These were developed for residential and commercial application along with careful installation and low noise when compared with mini VRV IV-S. This new VRF5 series will have 40.0% reduction in height and 10.0% decreased in volume.

A Full Report of Global Air Conditioning Market is Available at: https://www.omrglobal.com/industry-reports/air-conditioning-market

Global Air Conditioning Market Report Segment

By Application

Residential

Commercial

Industrial

Others

By Type

Splits and Window AC

Rooftop

Indoor Packaged ACs

VRF

Chiller

Others

By Refrigerant Type

HCFC (Hydrochlorofluorocarbons)

HFC (Hydrofluorocarbons)

HFO ((Hydrofluoric-Olefin))

Natural Refrigerant

Global Air Conditioning Market Report Segment by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe

Asia-Pacific

China

Japan

India

Rest of the Asia-Pacific

Rest of the World

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About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact: Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: anurag@omrglobal.com Contact no: +91 780-304-0404