2) Demand for mini-trucks in fiscal 2019 is forecast at 414,000 units, a drop of 5.9% from fiscal 2018, attributable to structural factors including low replacement demand
and to the continuing decline in the number of users in the small-business and farming-household segments.
VIS has noted that sales volumes have slightly increased during FY19 while increasing replacement demand
of oil tankers and product diversification should support sales.
Farmer concerns over the lingering trade disputes with China and the resulting increase in soybean inventories has curtailed replacement demand
from row crop farmers.
The move is also expected to help both Qualcomm and MediaTek make it through the period of uncertain smartphone replacement demand
prior the arrival of the 5G era.
"Many markets have already hit a saturation point for new smartphone demand and are dependent on replacement demand
. However, since last year, consumers decided to trade up whenever they had the chance and are thus going for a better device, despite the price difference," said Tom Kang, research director, Counterpoint Research.
"We believe that replacement demand
for XR will be better than it was for the iPhone 8 series last year because of XR's larger display, longer battery life, dual-SIM support, and new form factor design," Kuo said in the note to investors.
Members of the public can also visit the department's website at www.rvd.gov.hk to obtain replacement demand
notes or take a demand note for any previous quarter to any of the following post offices, where replacement demand
notes can be obtained and payment can be made:
Technological innovation remains one of the prominent driving market forces in the global industrial air compressor market, which results in significant replacement demand
for the industrial air compressor.
"A slowdown in replacement demand
in some developed markets, including the United States and Western Europe, will impact overall aftermarket growth," noted Rajesh.
With consensus expectations of better monsoon rains in FY17 and new model launches intensifying competition in the passenger and two-wheeler segments, Fitch believes replacement demand
will increase, supporting commercial vehicle demand.
The report finds that the worldwide notebook PC market declined 4.9% year-on-year in 2015 as global economic uncertainties remained and the benefit of the massive replacement demand
, expected to come from Windows 10 and Skylake CPUs, had yet to be felt.
All these factors have been fueling OEM and replacement demand
for automotive tyres in Vietnam.