Non-Life Insurance in Latvia, Key Trends and Opportunities to 2017, New Report Launched

The Latvian non-life insurance segment declined during the review period (2008–2012) at a compound annual growth rate (CAGR) of 3.8%. This was primarily due to the contraction in the economy as a result of the global financial crisis. The crisis significantly affected the segment’s largest category, motor insurance, as demand for automobiles fell, although the category’s decline was largely offset by robust growth in the marine, aviation and transit insurance category.

The Latvian business environment is more favorable for foreign companies than in other Central and Eastern European countries. Latvia’s membership of international organizations such as the World Trade Organization (WTO), NATO and the European Union (EU) also gives it a strong standing in global trade. Latvia’s accession to the eurozone in January 2014 is expected to bring significant foreign participation in the country. As the business environment continues to grow, with developing regulatory frameworks under the governance of the European Central Bank (ECB), the overall Latvian insurance industry is expected to benefit. The non-life segment is expected to grow significantly at a forecast-period CAGR of 10.3%.

The report provides in depth market analysis, information and insights into the Latvian non-life insurance segment, including:

• The Latvian non-life insurance segment’s growth prospects by non-life insurance categories
• Key trends and drivers for the non-life insurance segment
• The various distribution channels in the Latvian non-life insurance segment
• The detailed competitive landscape in the non-life insurance segment in Latvia
• Detailed regulatory policies of the Latvian insurance industry
• A description of the non-life reinsurance segment in Latvia
• Porter's Five Forces analysis of the non-life insurance segment
• A benchmarking section on the Latvian life insurance segment in comparison with other countries in the Central and Eastern European region

Scope

This report provides a comprehensive analysis of the non-life insurance segment in Latvia:

• It provides historical values for Latvia’s non-life insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period.
• It offers a detailed analysis of the key categiories in Latvia’s non-life insurance segment, along with market forecasts until 2017.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
• It analyses the various distribution channels for non-life insurance products in Latvia.
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Latvia for the non-life insurance segment.
• It provides a detailed analysis of the reinsurance segment in Latvia and its growth prospects.
• It profiles the top non-life insurance companies in Latvia and outlines the key regulations affecting them.

Reasons To Buy

• Make strategic business decisions using in depth historic and forecast market data related to the Latvian non-life insurance segment and each category within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Latvian non-life insurance segment
• Assess the competitive dynamics in the non-life insurance segment, along with the reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Latvian insurance industry and its impact on companies and the market's future

Key Highlights

• The Latvian non-life segment declined during the review period at a CAGR of -3.8%.
• Motor insurance, the largest category in the segment, registered a significant decline during the review period.
• Rising motor vehicle thefts in Latvia and other Baltic countries and compulsory motor third-party liability insurance in the country, supported the growth of non-life insurance segment during the review period.
• Direct marketing was the leading distribution channel in the non-life segment.
• At the end of 2012, a total of nine domestic companies operated in the Latvian insurance industry, of which two were life insurers and the remaining seven were involved in non-life business.

Spanning Over 273 pages, 180 Tables and 194 Figures “Non-Life Insurance in Latvia, Key Trends and Opportunities to 2017” report covering the Regional Market Dynamics, Non-Life Insurance – Regional Benchmarking, Latvian Insurance Industry Attractiveness, Non-Life Insurance Outlook, nalysis by Distribution Channels, Porter’s Five Forces Analysis – Latvian Non-Life Insurance, Reinsurance Growth Dynamics and Challenges, Governance, Risk and Compliance, Competitive Landscape and Strategic Insights, Business Environment and Country Risk, Appendix. The report covered 9 companies - BTA Insurance Company SE, If P&C Insurance AS Latvia, AAS Gjensidige Baltic, Seesam Insurance AS Latvia, AAS Balta, Ergo Insurance SE Latvian Branch, Baltikums, Swedbank P&C Insurance AS, Baltijas Apdrošināšanas Nams

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Life Insurance in Latvia, Key Trends and Opportunities to 2017, New Report Launched

During the review period (2008–2012), Latvia’s insurance industry was affected by the global financial crisis. The overall insurance industry in Latvia recorded a decline in written premium at a review-period compound annual growth rate (CAGR) of 3.1%. The life insurance segment registered a positive CAGR of 6.8% during the review period . This was due to growth in private consumption, investments and exports. Life insurance is expected to benefit from an increase in the Latvian population’s disposable income and growth in life expectancy over the forecast period. The growing economy is anticipated to have a positive impact on the segment by creating favorable economic conditions for growth. The Latvian life segment is expected to grow at a CAGR of 11.6% over the forecast period (2012–2017).

The report provides in-depth market analysis, information and insights into the Latvian life insurance segment, including:

• The Latvian life insurance segment’s growth prospects by life insurance categories
• Key trends and drivers for the life insurance segment
• The various distribution channels in the Latvian life insurance segment
• The detailed competitive landscape in the life insurance segment in Latvia
• Detailed regulatory policies of the Latvian insurance industry
• A description of the life reinsurance segment in Latvia
• Porter's Five Forces analysis of the life insurance segment
• A benchmarking section on the Latvian life insurance segment in comparison with other countries in the Central and Eastern European region

Scope

This report provides a comprehensive analysis of the life insurance segment in Latvia:

• It provides historical values for the Latvian life insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period.
• It offers a detailed analysis of the key categories in the Latvian life insurance segment, along with market forecasts until 2017.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
• It analyses the various distribution channels for life insurance products in Latvia.
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Latvia for the life insurance business.
• It provides a detailed analysis of the reinsurance segment in Latvia and its growth prospects.
• It profiles the top life insurance companies in Latvia and outlines the key regulations affecting them.

Reasons To Buy

• Make strategic business decisions using in depth historic and forecast market data related to the Latvian life insurance segment and each category within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Latvian life insurance segment
• Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Latvian insurance industry and its impact on companies and the market's future

Key Highlights

• The endowment category led the life segment with 62.5% of the segment’s total written premium in 2012.
• The life segment is expected to adopt better practices as major foreign insurers such as Swedbank Life, SEB Life, Sampo Group’s Mandatum Life and SEB Life establish presences.
• Latvia’s growing economy is anticipated to positively impact the life segment as private consumption, investments and exports increase.
• The segment is expected to benefit from an increase in disposable income and life expectancy, although falling employment and a declining population will limit growth in the segment.
• At the end of 2012, a total of nine domestic companies operated in the Latvian insurance industry, of which two were life insurers and the remaining seven were involved in non-life business.

Spanning Over 234 pages, 134 Tables and 165 Figures “Life Insurance in Latvia, Key Trends and Opportunities to 2017” report covering the Regional Market Dynamics, Life Insurance – Regional Benchmarking, Latvian Insurance Industry Attractiveness, Life Insurance Outlook, Analysis by Distribution Channels, Porter’s Five Forces Analysis – Latvian Life Insurance, Reinsurance Growth Dynamics and Challenges, Governance, Risk and Compliance, Competitive Landscape and Strategic Insights, Business Environment and Country Risk, Appendix. The report covered 7 companies - Citadele Life, Compensa Life Vienna Insurance Group SE, Ergo Latvija dzīvība, Mandatum Life Insurance Baltic SE, MetLife Amplico, SEB Dzīvības Apdrošināšana, Swedbank Life Insurance SE.

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Travel and Tourism in Australia to 2018, New Report Launched

Under its Tourism 2020 plan, the Australian government considers tourism to be a priority sector. It intends to provide support to key competitors via the state and territory governments to increase the total overnight expenditure to AUD140 billion (US$147 billion) by 2020.

The main components of Tourism 2020 are to expand tourist inflows and expenditure from key Asian markets, build digital capabilities, encourage investment by implementing regulatory reforms and to increase the sector’s labor supply. Economic growth will help support government efforts to strengthen the sector. Australia’s economy grew at a compound annual growth rate (CAGR) of 4.0% in 2013, the fastest rate of growth since 2007.

Despite a host of challenges, including the appreciation of the Australian dollar and the rising popularity and increasing accessibility of new destinations, the nation’s total international arrivals increased by 5.1% in 2013 to reach 6.15 million tourists.

The report provides detailed market analysis, information and insights, including:

• Historic and forecast tourist volumes covering the entire Australian travel and tourism sector
• Detailed analysis of tourist spending patterns in Australia for various categories in the travel and tourism sector, such as accommodation, sightseeing and entertainment, foodservice, transportation, retail, travel intermediaries and others
• Detailed market classification across each category, with analysis using similar metrics
• Detailed analysis of the airline, hotel, car rental and travel intermediaries industries

Scope

This report provides an extensive analysis related to tourism demands and flows in Australia:

• It details historical values for the Australian tourism sector for 2009–2013, along with forecast figures for 2014–2018
• It provides comprehensive analysis of travel and tourism demand factors, with values for both the 2009–2013 review period and the 2014–2018 forecast period
• The report provides a detailed analysis and forecast of domestic, inbound and outbound tourist flows in Australia.
• It provides comprehensive analysis of the trends in the airline, hotel, car rental and travel intermediaries industries, with values for both the 2009–2013 review period and the 2014–2018 forecast period.

Reasons To Buy

Take strategic business decisions using historic and forecast market data related to the Australian travel and tourism sector.

Understand the demand-side dynamics within the Australian travel and tourism sector, along with key market trends and growth opportunities.

Key Highlights

• Under its Tourism 2020 plan, the Australian government considers tourism to be a priority sector. It intends to provide support to the key competitors via the state and territory governments to increase the total overnight expenditure to AUD140 billion (US$147 billion) by 2020. The main components of Tourism 2020 are to expand tourist inflows and expenditure from key Asian markets, build digital capabilities, encourage investment by implementing regulatory reforms and to increase the sector’s labor supply. Despite a host of challenges, including the appreciation of the Australian dollar and the rising popularity and increasing accessibility of new destinations, the country’s total international arrivals increased.
• According to the Australian Department of Infrastructure and Transport Statistics, of all of Australia’s domestic routes, Melbourne–Sydney was the busiest in 2011–2012 with a 14% share of the total domestic passengers carried. It was followed by Brisbane–Sydney (8%) and Brisbane–Melbourne (5.8%). Of the international routes, Auckland–Sydney was the busiest with a 4.8% share of all international passengers carried. It was followed by Singapore–Sydney (4%) and Singapore–Melbourne (3.7%).
• Tourism Australia, in association with 94 partner organizations which include state and territory governments, developed the ‘No Leave, No Life’ campaign in 2009 with an investment of AUD4 million (US$3.1 million), in order to promote domestic tourism. The campaign encouraged Australians to use their 123 million days of accrued leave for a domestic holiday. Although Australia’s tourism sector benefitted from an economic stimulus package, general economic uncertainty limited domestic tourism expenditure growth. Domestic travel has also been curtailed by extreme weather events such as cyclonic winds, heavy rainfall and forest fires.
• China overtook the UK to become Australia’s second-largest key source market in 2012. Arrivals from the country are set to continue to grow at a relatively fast pace, with the majority travelling under the Approved Destination Scheme (ADS). This scheme allows Australia to host group tours from China and enables Australian agencies to promote Australia as an attractive tourism destination in China. Recognizing the opportunities that the Asia-Pacific region presents to Australia’s tourism sector, the government announced the Asia Marketing Fund in its 2012–2013 budget to increase tourist arrivals and generate higher economic returns from this region.
• The increasing strength of the Australian dollar and continuing weak economic conditions in Europe and the US constrained inbound growth. However, the outlook is somewhat positive, with the Australian dollar set to lose some ground against the US dollar. In addition, growth in domestic tourism has been hampered by the strength of the Australian dollar against other major currencies as it has therefore become increasingly favorable for Australians to take trips abroad.
• Market liberalization in Asia and the formation of a single Association of Southeast Asian Nations (ASEAN) aviation market by 2015 is opening up opportunities for the expansion and development of new routes. This is resulting in the enhancement of alliance structures with increased connectivity options and expansion by low-cost carriers (LCCs) on short- and long-haul routes.
• The hospitality industry has a shortage of skilled workers. Consequently, the government is taking measures to address the shortage as a part of its national long-term tourism strategy, Tourism 2020. The government plans to attract 56,000 hospitality workers to Australia by 2015.
• Due to the rising number of LLCs, ‘Fly-Drive’ holidays have become popular in Australia. However, the appreciation of the Australian dollar has made it easier for residents to travel abroad, which has had a negative impact on domestic tourist volumes. This has impacted the business of car rental companies.
• Due to an increase in competition, online travel intermediaries are facing pressure to form and execute growth strategies to gain and maintain customers. For example, Wotif, a hotel-focused company, has expanded into air travel, while Webjet, an airline-focused business, has moved into the hotel market.

Spanning Over 146 pages, 132 Tables and 76 Figures “Travel and Tourism in Australia to 2018” report covering Executive Summary, Travel and Tourism Sector In Context, Country Fact Sheet, Tourism Flows, Airlines, Hotels, Car Rental, Travel Intermediaries, Tourism Board Profile, Airport Profiles, Company Profiles – Airlines, Company Profiles – Hotels, Company Profiles – Car Rental, Company Profiles – Travel Intermediaries, Market Data ANALYSIS, Appendix. The report covered companies few are - Virgin Australia Holdings Ltd, Jetstar Airways Pty Ltd, Singapore Airlines Australia, Tiger Airways Australia Pty Ltd, Choice Hotels Australasia Pty Ltd, Accor Hotels Australia, Best Western Australasia, Mantra Group, InterContinental Hotels and Resorts Australia, Stella Travel Services (Australia) Pty Ltd.

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The Czech Republic's Cards and Payments Industry - Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape, New Report Launched

Czech GDP contracted by -4.51% in 2009, impacting the overall banking and financial services industry. The economy recovered in 2010 and 2011, but contracted again in 2012. However, it is expected to record robust growth over the forecast period, with real GDP growth rising from 1.48% in 2014 to 2.43% in 2018. Improved economic indicators, including GDP, rising per capita income and low inflation rates, are expected to support consumer confidence and increase spending, resulting in the increased scope of card-based transactions. This will be further supported by the rising online and mobile penetration, the emergence of EMV-enabled cards, and near field communication (NFC) technology. A number of innovations are taking place in the field of contactless payments and are being adopted by customers at a rapid rate.

The Czech card payments channel registered positive growth during the review period (2009–2013). The channel posted a CAGR of 5.46% and had 16.4 million cards in circulation in 2013. In value terms, the card payments channel valued CZK934.3 billion (US$48.0 billion) in 2013. The debit cards category held the highest share with 47.4% of cards in circulation in 2013. The debit cards category is expected to maintain the highest share of total payments, posting a CAGR of 1.29% over the forecast period (2014–2018); rising from 7.9 million cards in 2014 to 8.4 million in 2018. The prepaid cards category had the second-largest share with 37.3% in 2013, followed by credit cards with 13.7%. Over the forecast period, the number of prepaid cards in circulation is expected to increase from 6.5 million in 2014 to 7.7 million in 2018, at the highest forecast-period CAGR of 4.30%. The charge card category held the smallest share of 1.5% in 2013.

The report provides top-level market analysis, information and insights on the Czech Republic’s cards and payments industry, including:

• Current and forecast values for each category of the Czech Republic’s cards and payments industry, including debit cards, credit cards and prepaid cards
• Comprehensive analysis of the industry’s market attractiveness and future growth areas
• Analysis of various market drivers and regulations governing the Czech Republic’s cards and payments industry
• Detailed analysis of the marketing strategies adopted for selling debit, credit and prepaid cards used by banks and other institutions in the market
• Comprehensive analysis of consumer attitudes and buying preferences for cards
• The competitive landscape of the Czech Republic’s cards and payments industry

Scope

This report provides a comprehensive analysis of the Czech Republic’s cards and payments industry.

• It provides current values for the Czech Republic’s cards and payments industry for 2013, and forecast figures for 2018.
• It details the different economic, infrastructural and business drivers affecting the Czech Republic’s cards and payments industry.
• It outlines the current regulatory framework in the industry.
• It details the marketing strategies used by various banks and other institutions.
• It profiles the major banks in the Czech Republic’s cards and payments industry.

Reasons To Buy

• Make strategic business decisions using top-level historic and forecast market data related to the Czech Republic’s cards and payments industry and each market within it.
• Understand the key market trends and growth opportunities within the Czech Republic’s cards and payments industry.
• Assess the competitive dynamics in the Czech Republic’s cards and payments industry.
• Gain insights in to the marketing strategies used for selling various card types in the Czech Republic.
• Gain insights into key regulations governing the Czech Republic’s cards and payments industry.

Key Highlights

• The Czech card payments channel registered positive growth during the review period (2009–2013). The channel posted a CAGR of 5.46% and had 16.4 million cards in circulation in 2013. In value terms, the card payments channel valued CZK934.3 billion (US$48.0 billion) in 2013. The debit cards category held the highest share with 47.4% of cards in circulation in 2013. The debit cards category is expected to maintain the highest share of total payments, posting a CAGR of 1.29% over the forecast period (2014–2018); rising from 7.9 million cards in 2014 to 8.4 million in 2018.
• Stickers are a new innovation in the area of contactless payments. Contactless payment stickers are held in front of the payment terminal to make an automatic transaction, improving the convenience, speed and security of card payments. The adoption of contactless payments in the Czech Republic is supporting consumer acceptance of stickers. The number of contactless payments increased from 470,642 in 2011 to 1.5 million in 2013, and is expected to increase further at a high forecast-period CAGR of 27.2%.
• Contactless technology has advanced and increased in popularity since its implementation in the Czech Republic in 2011, primarily due to improved convenience, speed and security. The number of contactless payments increased from 470,642 in 2011 to 1.5 million in 2013. Large and small merchants contribute to the growth by offering contactless payment facilities to customers. Over the forecast period, the number of contactless payments is expected to record a high CAGR of 27.19%, rising from 2.0 million in 2014 to 5.3 million in 2018.
• The SIM card launched by Komerční Banka, Visa Europe, Samsung and Telefónica in 2012 is an innovation in the area of mobile payments. The SIM card can be used to purchase products and services. The increasing capabilities of smartphone devices, a rise in mobile device applications and improved security measures for transactions have been instrumental in driving mobile commerce in the country. The rising volume of smartphones and increasing mobile internet penetration in the country, coupled with improved banking infrastructure, are expected to increase mobile commerce over the forecast period. The value of m-payments is expected to increase from CZK1.3 billion (US$68.2 million) in 2014 to CZK2.8 billion (US$143.7 million) in 2018, at a forecast-period CAGR of 20.54%.

Spanning Over 103 pages, 63 Tables and 71 Figures “The Czech Republic's Cards and Payments Industry: Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report covering Analysis of Industry Environment, Key Trends and Drivers, Cards and Payments Industry Share Analysis, Regulatory Framework and Card Fraud Statistics, Emerging Consumer Attitudes and Trends, Analysis of Card Payments and Growth Prospects, Analysis of Credit Card Payments and Growth Prospects, Analysis of Debit Card Payments and Growth Prospects, Analysis of Charge Card Payments and Growth Prospects, Analysis of Prepaid Card Payments and Growth Prospects, Merchant Acquiring, Company Profiles of Card Issuers, Appendix. The report covered 7 companies - Citibank, Česká Spořitelna, Komerční Banka, Československá Obchodní Banka (CSOB), UniCredit Bank Czech Republic and Slovakia, MasterCard, Visa

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Portugal's Cards and Payments Industry - Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape, New Report Launched

Despite the European sovereign debt crisis, the Portuguese card payments channel grew both in terms of volume of cards and transaction value during the review period (2009–2013). In terms of the number of cards in circulation, the card payments channel posted a review-period compound annual growth rate (CAGR) of 0.71%, and is expected to record a forecast-period (2014–2018) CAGR of 3.95%. The forecast-period growth is anticipated to be driven by the prepaid cards category.

In terms of transaction value, the card payments channel posted a review-period CAGR of 4.02%, rising from EUR71.5 billion (US$99.4 billion) in 2009 to EUR83.8 billion (US$111.1 billion) in 2013. The channel is expected to post a forecast-period CAGR of 1.53%, increasing from EUR84.5 billion (US$114.0 billion) in 2014 to EUR89.8 billion (US$126.5 billion) in 2018.

E-commerce registered a review-period CAGR of 25.07%, rising from EUR642.9 million (US$893.1 million) in 2009 to EUR1.6 billion (US$2.1 billion) in 2013. Likewise, the total value of retail sales in Portugal increased from EUR40.9 billion (US$56.8 billion) in 2009 to EUR42.2 billion (US$56.0 billion) in 2013.

Portugal’s banking sector was adversely affected by the eurozone crisis. In May 2011, the economic adjustment program was agreed by the Ecofin Council and International Monetary Fund (IMF) Executive Board and covers the period between 2011 and 2014. The program offers external financing by the EU, eurozone member states and the IMF of up to EUR78 billion (US$103.4 billion), for possible fiscal financing needs and to provide liquidity support to Portugal’s banking sector.

The report provides top-level market analysis, information and insights into Portugal's cards and payments industry, including:

• Current and forecast values for each category of Portugal's cards and payments industry, including debit cards, credit cards, charge cards and prepaid cards
• Comprehensive analysis of the industry’s market attractiveness and future growth areas
• Analysis of various market drivers and regulations governing Portugal's cards and payments industry
• Detailed analysis of the marketing strategies adopted for selling debit, credit, charge and prepaid cards used by banks and other institutions in the market
• Comprehensive analysis of consumer attitudes and buying preferences for cards
• The competitive landscape of Portugal's cards and payments industry

Scope

This report provides a comprehensive analysis of Portugal's cards and payments industry.

• It provides current values for Portugal's cards and payments industry for 2013, and forecast figures for 2018.
• It details the different economic, infrastructural and business drivers affecting Portugal's cards and payments industry.
• It outlines the current regulatory framework in the industry.
• It details the marketing strategies used by various banks and other institutions.
• It profiles the major banks in Portugal's cards and payments industry.

Reasons To Buy

• Make strategic business decisions using top-level historic and forecast market data related to Portugal's cards and payments industry and each market within it.
• Understand the key market trends and growth opportunities within Portugal's cards and payments industry.
• Assess the competitive dynamics in Portugal's cards and payments industry.
• Gain insights in to the marketing strategies used for selling various card types in Portugal.
• Gain insights into key regulations governing Portugal's cards and payments industry.

Key Highlights

• In terms of the number of cards in circulation, the Portuguese card payments channel increased marginally at a review-period CAGR of 0.71%, from 21.2 million cards in 2009 to 21.8 million in 2013, and is expected to post a forecast-period CAGR of 3.95% to increase from 22.6 million cards in 2014 to 26.4 million in 2018.
• In terms of transaction value, the card payments channel posted a review-period CAGR of 4.02%, rising from EUR71.5 billion (US$99.4 billion) in 2009 to EUR83.8 billion (US$111.1 billion) in 2013. The channel is expected to post a forecast-period CAGR of 1.53%, increasing from EUR84.5 billion (US$114.0 billion) in 2014 to EUR89.8 billion (US$126.5 billion) in 2018.
• The Portuguese card payments channel was dominated by the debit cards category, which accounted for 47.7% of the channel in 2013. The second-largest channel share was held by the credit cards category with 45.6%, followed by the prepaid cards category with 5.8%. The charge cards category held the smallest channel share of 0.8%.
• In terms of the number of cards in circulation, the prepaid cards category recorded the highest review-period CAGR of 13.97% and the category is expected to continue to register the highest forecast-period CAGR of 27.19%. The charge cards category recorded the second-highest review-period CAGR of 6.08%, and is expected to continue to register the second-highest forecast-period CAGR of 2.12%.
• The credit and debit card categories in Portugal are mature and recorded review-period CAGRs of 1.47% and -1.19% respectively, in terms of number of cards in circulation. While the credit cards category is expected to post a CAGR of 1.12% over the forecast period, the debit cards category is expected to record a CAGR of 0.53%.

Spanning Over 103 pages, 62 Tables and 70 Figures“Portugal's Cards and Payments Industry - Emerging Opportunities, Trends, Size, Drivers, Strategies, Products and Competitive Landscape” report covering Analysis of Market Environment, Key Trends and Drivers, Cards and Payments Industry Share Analysis, Regulatory Framework and Card Fraud Statistics, Emerging Consumer Attitudes and Trends, Analysis of Card Payments and Growth Prospects, Analysis of Credit Card Payments and Growth Prospects, Analysis of Debit Card Payments and Growth Prospects, Analysis of Charge Card Payments and Growth Prospects, Analysis of Prepaid Card Payments and Growth Prospects, Merchant Acquiring, Company Profiles of Card Issuers, Appendix. The report covered 10 companies - Banif , Millennium BCP, Banco Português de Investimento, Caixa Geral de Depósitos, Banco Best, Banco Santander Totta, Multibanco, MasterCard, Visa, American Express

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Construction in Croatia - Key Trends and Opportunities to 2018, New Report Launched

The Croatian construction industry registered a compound annual growth rate (CAGR) of -9.64% during the review period (2009–2013). This was driven by a contraction in institutional and industrial construction, primarily due to a reduction in investor confidence following the European debt crisis. The industry is expected to improve slowly over the forecast period (2014–2018), supported by a general recovery in the economy and business confidence. The industry is anticipated to record a forecast-period CAGR of 3.41%.

This report provides detailed market analysis, information and insights into the Croatian construction industry, including:

• The Croatian construction industry's growth prospects by market, project type and type of construction activity
• Analysis of equipment, material and service costs across each project type within Croatia
• Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Croatian construction industry
• Analyzing the profiles of the leading operators in the Croatian construction industry
• Data highlights of the largest construction projects in Croatia

Scope

This report provides a comprehensive analysis of the construction industry in Croatia. It provides:

• Historical (2009-2013) and forecast (2014-2018) valuations of the construction industry in Croatia using construction output and value-add methods
• Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
• Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
• Analysis of key construction industry issues, including regulation, cost management, funding and pricing
• Detailed profiles of the leading construction companies in Croatia

Reasons To Buy

• Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
• Assess market growth potential at a micro-level with over 600 time-series data forecasts
• Understand the latest industry and market trends
• Formulate and validate business strategies using Publisher's critical and actionable insight
• Assess business risks, including cost, regulatory and competitive pressures
• Evaluate competitive risk and success factors

Key Highlights

• The Croatian construction industry remained weak following the global and European financial crises. In real gross value-added terms, the industry in 2013 was 57.0% its size in 2008. Despite this, the rate of decline has slowed and, with some stabilization in the area covered by building permits in 2013, the construction industry appears set for a period of recovery.
• A series of infrastructure projects will be launched to improve bridges, ports, roads, highways, airports, railways and power supplies. The Croatian government plans to invest HRK2.5 billion (US$436.5 million) in the construction and refurbishment of roads, HRK2.8 billion (US$488.9 million) for railways, HRK1.1 billion (US$192.1 million) for sea ports, HRK3.8 billion (US$663.4 million) for energy, and HRK127.0 million (US$22.2 million) for the combined heat and power (CHP) plant Sisak - Block C project.
• According to Croatia’s Bureau of statistics, travel and tourism accounted for 15.0% of the country’s GDP in 2012. With an aim to increase the sector’s contribution, the government is focusing on the construction of new hotels and the expansion of existing ones. Overall, 12 large hotel projects, with a total room capacity of 2,900, are currently under construction. One such project is Split by Valamar Hotel Group, on which construction is expected to start by mid-2014. In 2013, the government also announced plans to invest HRK2.9 billion (US$506.0 million) in enhancing health tourism and eco-tourism on Brač, an Adriatic island.
• In 2012, the industrial sector accounted for 25.0% of the country’s GDP. Food, automotives, chemicals and pharmaceuticals are the sector’s main segments, collectively employing 100,000 people. Stringent labor market regulations restricted the sector’s competitiveness during the review period, due to the country’s centralized system for the negotiation of wage agreements. High labor costs and low productivity are expected to restrict the volume of investments further.
• Under the National Renewable Energy Action Plan (NREAP) 2013–2020, the Croatian government aims to increase its share of renewable energy from 15.0% to 20.0%, improve energy efficiency by 20.0% and reduce carbon dioxide emissions by 20.0% until 2020. According to the plan, total incentive costs are expected to decline, as more energy will be produced from biogas, small hydroelectric power plants, biomass and cogeneration plants. The plan’s estimated budget is HRK13.9 billion (US$2.4 billion).
• The government has recognized the importance of investment in science, technology and innovations to support economic development. To enhance research and development (R&D) activities in the country, in the second half of 2013, the government adopted the National Innovation Strategy 2013–2020 and the Action Plan 2013–2014 to strengthen the competitiveness of the country’s research facilities.

Spanning Over 64 pages, 79 Tables and 31 Figures “Construction in Croatia - Key Trends and Opportunities to 2018” report covering Market Overview, Commercial Construction, Industrial Construction, Infrastructure Construction, Institutional Construction, Residential Construction, Company Profile: Viadukt d.d., Company Profile: Hidroelektra Niskogradnja d.d., Company Profile: Ingra d.d., Company Profile: Strabag d.o.o., Company Profile: Osijek-Koteks d.d., Market Data Analysis, Appendix. The report covered 5 companies - Viadukt d.d., Hidroelektra Niskogradnja d.d., INGRA d.d., Strabag d.o.o., Osijek-Koteks d.d.

Know more about this report at: http://mrr.cm/ZT2

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Future of the French Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019, New Report Launched

This Report provides readers with a detailed analysis of both historic and forecast French defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies and key news.

Key Findings

• The French defense industry is expected to experience growth at a CAGR of 0.70% during 2015-2019.
• The French defense expenditure valued US$57.5 billion in 2014, and grew at a CAGR of 0.32% between 2010 and 2014.
• The French MoD allocated an average of 38.68% of capital expenditure during the review period, which is expected to increase marginally over the forecast period.
• The French government is expected to procure fighter aircraft, transport aircraft, frigates, nuclear submarines, C4ISR platforms, and missile defense systems.

Synopsis

This report offers detailed analysis of the French defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following:

• French defense industry market size and drivers: detailed analysis of the French defense industry during 2015-2019, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the spending patterns and modernization patterns of the country
• Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to the army, navy, and air force. It also details the key challenges faced by the defense market participants within the country
• Porter's Five Force analysis of the French defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyer, threat of substitutions, intensity of rivalry and barrier to entry
• Import and Export Dynamics: analysis of prevalent trends in the country's import and export over the last five years
• Market opportunities: details of the top five defense investment opportunities over the coming 10 years
• Competitive landscape and strategic insights: analysis of the competitive landscape of the French defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives and a brief financial analysis.

Reasons To Buy

• This report will give the user confidence to make the correct business decisions based on a detailed analysis of the French defense industry market trends for the coming five years.
• The market opportunity section will inform the user about the various military requirements which are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders and the expected investment pattern by the country during the forecast period.
• Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector.
• A deep qualitative analysis of the French defense industry covering sections including demand drivers, Porter's Five Force Analysis,  Key Trends and Growth Stimulators, latest industry contracts etc.

Spanning Over 181 pages, 68 Tables and 102 Figures“Future of the French Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019” report Provide Executive Summary, Market Attractiveness and Emerging Opportunities, Defense Procurement Market Dynamics, Industry Dynamics, Market Entry Strategy, Competitive landscape and Strategic Insights, Business Environment and Country Risk, Appendix. This Report Covered 11 Companies - Dassault Aviation, Thales, Constructions Mécaniques de Normandie (CNM), Eurotorp, Cassidian, Safran Group, Nexter Systems, MBDA, Airbus,

DCNS, Renault Truck Defense (RTD).

Know more about this report at: http://mrr.cm/ZTG