Diesel Gensets Market in the GCC 2018-2022
About this market
Companies, organizations or employees who provide meal vouchers food coupons or prepaid card as part of employee’s salary structure are exempt from tax in most countries worldwide. In India, the number of meal vouchers an employee avails is not included in the taxable salary. Such benefits and tax exemption had helped the market to grow exponentially in the past and drive growth during the forecast period. Technavio’s analysts have predicted that the meal vouchers and employee benefit solutions market will register a CAGR of more than 6% by 2022.
Tax benefits of meal vouchers
The benefits and tax exemption had helped the market to grow exponentially in the past and will drive the growth during the forecast.
Data privacy and security issues
Businesses have benefited significantly from technological advances and digitalization but with benefits and opportunities comes risk as well. Data theft is one major threat to the market. Therefore, any vulnerability in the servers or mobile apps could pose a threat to privacy and may impact the businesses of major players in the market.
For the detailed list of factors that will drive and challenge the growth of the meal vouchers and employee benefit solutions market during the 2019-2023, view our report.
The meal vouchers and employee benefit solutions market is highly concentrated due to presence of very few vendors in the market. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Technavio Announces the Publication of its Research Report – Diesel Gensets Market in the GCC 2018-2022
Technavio recognizes the following companies as the key players in the diesel gensets market in the GCC: Caterpillar, Cummins, Generac Power Systems, Rolls-Royce, Teksan Generator, Wartsila.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the incorporation of remote monitoring system in gensets.”
According to the report, one of the major drivers for this market is the diesel gensets use less fuel compared with gasoline- powered gensets.
Generac Power Systems