Zulker Naeen

Vehicle Tracking System of Bangladesh

Rising Base Oil Demand of Bangladesh

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Overall Tyre Market of Bangladesh

Forecasting Bangladesh Tyre Market Forecasting Bangladesh Tyre Market

Automotive Vehicles to Leap Engine Oil Market

Forthcoming Lubricants Market and Automotive Sector

Engine Oil Purchase in Bangladesh Engine Oil Purchase in Bangladesh In fact, for end-users, the main source of information arises from peer suggestions. Findings suggest that end-users themselves and their peer groups play the most significant and equal roles.

Factors Behind Rising Bangladesh Car Market Mostly, the middle-class lifestyle, available car loans, and the growth of ride-sharing model are acting as a driving force to increase the number of passenger cars in the road.  A private car is a now a necessity of each middle-class family which is beyond the lifestyle. Around 65 cars are being sold every day now in our country and the import of passenger cars has increased threefold in the last five years. Public transport service has not improved in a significant level. There are still complains such as not getting a seat in the sitting-service bus, misbehaviour of the conductors and so forth. The lack of standard public transport in Dhaka and the affordable price of cars are also reasons for the boost of car sales. Moreover, the purchasing capacity of the middle class has increased because of the emergence of easier credit facilities. Private banks are cutting interest rates is one of the reasons why more people are buying cars. In

Bangladesh Car Market Is Growing Growing middle-class people, about 7% of the total population in Bangladesh have already expanded their required lifestyle. And, a private car is a now a necessity of each middle-class family rather than the lifestyle. Around 65 cars are being sold every day in Bangladesh now which is the highest in the country’s history. The import of passenger cars has increased threefold in the last five years. According to the Bangladesh Reconditioned Vehicles Importers and Dealers Association (Barvida), around 7,353 reconditioned cars were sold in FY 2012-13, and 20,149 cars were sold in FY 2016-17. Why are car sales increasing in Bangladesh? Lack of comfortable public transport In our city, the comfort issue in public transport is still a question mark. Although public transport service has been improved over the time, there are still complains such as not getting a seat in the sitting-service bus, misbehaviour of the conductors and so forth. The lack o

Opportunities for Bangladesh Vehicle Tracking Market The growing motorization in Bangladesh, fueled by rising average household incomes over the years, has increased the number of the passenger car in the road. However, the vehicle tracking market of Bangladesh is eyeing growth in this disputed market. Around 10% passenger cars of this Dhaka metro are using the vehicle tracking system. Now, in Bangladesh, the vehicle tracking mechanism can be considered as a part of fleet management, which is growing significantly. In our country too, the vehicle tracking market is estimated to foster over owing to rising safety and security awareness, particularly in the corporate sector. The growing need for monitoring the automobile movement carrying both passengers as well as goods will promote this market and its components. Why Bangladesh Vehicle Tracking Market is an opportunity? Currently, the market size for reconditioned cars is around Tk 5,000 cr. Each year the size of the market is increa

Asia Pacific Vehicle Tracking Market The vehicle tracking market of Asia Pacific is projected to account for approximately 21% of the volume share by 2024.  The emerging economies, particularly in this region is improving the regional penetration rate made this projection. The vehicle tracking mechanism has observed as the fleet management market. Rapid urbanization, effective communication network, adoption of high-tech software, the adoption of wireless technology toward vehicle tracking and its overall maintenance is driving the growth of the fleet management market of the Asia Pacific. A significant rise in air traffic, growing market for international trades of goods and services, and infrastructure development are the factors that would additionally add to the market potential during the forecast period. Based on the countries, the vehicle tracking market segments are China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific. In this region, a s

Globally, the vehicle tracking market is estimated to foster over owing to rising safety and security awareness, particularly in the corporate sector. The size of the vehicle tracking market was valued at over USD 6 billion in 2016 and is predicted to exhibit over 7% CAGR by 2024. The growing need for monitoring the automobile movement carrying both passengers as well as goods will promote this market and its components. Vehicle tracking solution generally comprises four key elements – vehicle tracking GPS based hardware device installed in the vehicle, partnership with a telecom operator to provide data services, a partnership with a cloud hosting provider to provide a stable and reliable system, and an application that would be built on the said platform. A synergy between telecommunications and information technology has introduced the next generation solutions in multiple sectors, enabling speed deliveries and improved efficiency in the transportation system. Increasing deployment

Popular Myths of Synthetic Motor Oil The vehicle owners should be careful before choosing synthetic oils. Recently, so-called synthetic engine oils by local name are flooded in the market. To purchase engine oil, majority owner’s takes advice from the retail shop and sometimes from the repair mechanics. Then, there is a big chance of miss appropriations of the synthetic oils. You have to remember choosing the right oil not only depends on the recommended grades. It also depends on the car type, car age and driving environment, and fuel quality. The use of quality fully-synthetic or mineral oils can improve the fuel economy by decreasing engine friction. For your hybrid cars, choosing engine oils mostly depends on the ambient temperature. Also, you should consider the fuel condition in this matter. Already, there is a common myth is synthetic motor oil a ‘fake’ oil. Synthetic engine oils are not fake. They are derived from crude oil, natural gas, or other chemical feed mate

Why is Bangladesh Agricultural Lubricant Market Growing? Agricultural lubricant market of Bangladesh is expected to grow at a significant annual growth rate at 12-15% between the periods of 2018 to 2023. The provision of subsidy for agricultural machinery, the increased mechanization in the agriculture, and the increased use of the quality lubricants are the key drivers of this prospective market. In 2017, the government had raised the subsidy to cultivators for purchasing farm pieces of machinery from 30% to 50%, with a view to expanding mechanized seeding, transplanting and harvesting such that farmers can produce more food cost-effectively. Today, up to 95% of the land is tilled by power tillers and tractors now. A study published in October 2016 titled, ‘Scaling up of Agricultural Machinery in Bangladesh’ found a bit of hint for agricultural lubricants that can facilitate scaling up of the machinery services. Bangladesh has a significant labour shortage during the agricultural pe

Summarizing Bangladesh Lubricants Market