Competitive Analysis of UV Protection Window Films in UAE Market
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This article provides a competitive analysis of UV protection window films in the UAE market, including the strengths and weaknesses of Fade Reduction as a prominent company. It also discusses the competitors in the market and their products and services.
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TECHNOLOGY ENTREPRENEURSHIP AND PRODUCT DEMAND
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Table of Contents Introduction and Background.....................................................................................................2 Competitive Analysis.............................................................................................................2 Solar Gard Window Films.................................................................................................3 Marine Sun Control Window Films...................................................................................3 Products and Services............................................................................................................4 Conclusion..................................................................................................................................4 References..................................................................................................................................5 1
Background A competitive analysis is an essential instrument to assess the existing business market in relevance to the products in concern. The UV Window Shield, that is being discussed, is being prepared for marketing and selling in India. A competitive analysis of UAE’s market in relevance to UV shields would help in identifying the particular rivals in the industry and the specific weaknesses and opportunities of the business market. Competitive Analysis Porter’s Five Forces Analysis Buyer Power The Fade Reduction Window Film reduces the sun’s heat by 49%, reduces sun’s glare by 53% and rejects harmful UV rays by 99%. Along with this, taking up relevant corporate responsibilities to improve the environmental conditions would provide the Company an opportunity to set a mark in international business and awareness regarding their responsibilities. This certainly leads to less buyer power. Supplier Power With already existing similar business in India and UAE the issue of getting raw materials from supplier is hard. It is because no supplier wishes to give raw material to new business without knowing its capability to attract customer Threat of new entrants New business in markets like the UAE and India are highly different. An easy and startup friendly market like India tends to have huge threat of new entrants The UAE with its new policies in business does not let new entrant to enter the business field easily Competitive Rivalry Existing business like the Apex Gulf Enterprises and Solar Gard Window Films have huge market share in their existing market, making it difficult for any market to work without competition 2
Threat of substitution Threat of substitution is high in India due to new entrants. It is less in UAE as a stable market can only penetrate in the strong market policies. 3 THREAT OF NEW ENTRY Easy marketing policy in India so high threat of new entry in India Less threat in UAE due to strong policies THREAT OF SUSTITUTION Threat of substitution is high in India due to new entrants Less in UAE as a stable market can only penetrate in the strong market policies BUYER POWER Innovativeproduct with new discount and benefitsattractsmore buyersandless negotiation SUPPLIER POWER NonNegotiableand manageable suppliers COMPETITIVE RIVALRY Highcompetitive businessrivaldueto existing business PORTER’S 5 FORCE ANALAYSIS Figure 1: Porter’s 5 force analysis (Source: self generated)
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In order to draw a thorough analysis of the UAE market in respect to UV Protection Window films, it is primarily required to identify the specific Companies or organizations that manufacture and sell similar products in the sub-continent. The weaknesses and opportunities of Fade Reduction as a prominent Company in UAE can be analyzed by comparing the elementary factors with the existing competitors. The other Companies that manufacture similar products are: Gordon Glass, ARC Window Films, Glasshield, Ecodrive and more. With more house constructions and deforestation, the need for UV protection shields, have been on the rise. The UV protection shields mainly protect the assets from fading, which is common effect of the UV rays. In order to protect the assets like furniture, artwork and carpets from fading, more Companies are producing UV shields for windows for better protection (Al Shehriet al.2016). The need for these has also risen considerably in recent years, as the consumers are earning more money and are getting used to an economically better lifestyle. The particular weaknesses and strengths of the Fade Reduction window shield Company are briefly discussed below in relevance to UAE’s business market. With improvement in the lifestyle of people, consumers are now more aware about the surroundings they survive in and constantly make efforts to further improve their position by resisting damage (Krasnovet al.2018). Since a house is more than just a place to stay— taking good care of its belongings not only make sense, but also make living a better experience. With increasing economic freedom, more people are interested in blocking the harmful UV rays of the sun. Therefore, the demand for UV sun block has been rising in the UAE business market and companies like Solar Gard Window Films and Marine Sun Control Window Films. Solar Gard Window Films The window film industry of UAE is dominated by the Solar Safety Film Trading. As a leading economy, UAE has consistent demands for products like sun block, which protects the fading of colours from objects and also protects the living beings from its harmful effects. With long scorching summers, this country experiences a very high demand for products like Solar Gard Window Films. One of the biggest competitive advantages of this Company is that it focuses on taking up corporate responsibilities of restoring the environment. They promote solar energy, thereby reflecting their environmental concern (Solargard.com, 2019). Their motto of solar safety is clear in their marketing concept, which says, Earth Positive and 4
CarbonNegative—implyingtheireffortstoprotecttheearthbyreducingcarbon consumption. This concentration on improving environmental standards by taking up active steps to reduce global warming, this Company has recorded an international position in the business market. The use of solar energy for producing UV protection window shields is not only unique but also affordable and sustainable (Lianget al.2017). Marine Sun Control Window Films Apex Gulf Enterprises manufactures specific window shields that provide sun block and UV protection for all vessels on the sea, for example cargo ships, oil vessels and more. The competitive advantage of this Company is that they produce UV protection window shields not only for protection from adverse weather conditions, but also from unexpected pirate attacks (Agefilms.com, 2019). The protection shield manufactured by this company, protects the vehicles from marine accidents too, as the window shields can be transformed to shatterproof and/or break resistant object. The recent mishaps, due to pirate attacks in the UAE region, have made the product more relevant than ever. Installing safety and security drives for both the humans and their assets have become absolutely necessary there, hence the need for the product. The thickness of the window shield would vary with the difference in purpose behind using it. Therefore it can be used to reduce negative marine accidents, casualty due to criminal offences and other major environmental concerns (Cuce, Riffat and Young, 2015). Products and Services The Fade Reduction Window Film emphasizes on reducing the fading of colours from items like furniture, clothes, carpet etc., by installing a glass shield on the window that would block the harmful UV rays of the sun. This particular window shield not only defends the house from UV rays, but also reduces heat transmission, thereby keeping the rooms cooler.It also reduces visible light transmission, hence keeping indoors cool and shady. The main factors behind fading of colours are the harmful UV rays, light, solar heat, artificial lighting and hear transmissions within the room. Therefore, the UV Fade Reducing Film would help in the process of rejecting harmful UV rays and protecting the interior environment. The competitive advantage of this product in the UAE market is that firstly, these products are in demand. The demand for these products is rising at a faster rate than the supplies. 5
Increasing global warming is rising the natural temperatures of each place, thereby making the product more relevant and creating a demand for it too. Being able to produce good quality protection shields would not only meet the requirement of heat control, but also keep the colours of personal assets intact. This competitive edge can be utilized by the Company to develop its business market accordingly. 6
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References Agefilms.com, (2019)APEXGULFAvailable at: https://www.agefilms.com/marine-safety- security-window-film.php Accessed on 26 March 2019 Al Shehri, A., Parrott, B., Carrasco, P., Al Saiari, H. and Taie, I., 2016. Impact of dust depositionandbrush-baseddrycleaningonglasstransmittanceforPVmodules applications.Solar Energy,135, pp.317-324. Cuce, E., Riffat, S.B. and Young, C.H., 2015. Thermal insulation, power generation, lighting and energy saving performance of heat insulation solar glass as a curtain wall application in Taiwan: a comparative experimental study.Energy conversion and management,96, pp.31- 38. Krasnov,A.,Imran,M.,DenBoer,W.andO'connor,K.,GuardianGlassLLC, 2018.Window with uv-treated low-e coating and method of making same. U.S. Patent Application 15/905,926 Liang, S.X., Jia, Z., Zhang, W.C., Wang, W.M. and Zhang, L.C., 2017. Rapid malachite green degradation using Fe73. 5Si13. 5B9Cu1Nb3 metallic glass for activation of persulfate under UV–Vis light.Materials & Design,119, pp.244-253 Solargard.com,(2019)SOLARSAFETYAvailablefrom https://www.solargard.com/product/solar-safety/ Accessed on 26 march 2019 7