Recent Updates
  • According to a new research report published by Future Market Insights (FMI), the automotive battery management system market is estimated to reach US$ 15.3 Bn by the end of 2029.

    In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth.

    “In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.”

    Automotive Battery Management System Market: Competition Overview

    The global automotive battery management system market is moderately consolidated, with a number of global as well as regional players operating in it. Analog Devices, Inc., Continental AG, Johnson Matthey Plc, and Robert Bosch GmbH are identified as prominent players in the global automotive battery management system market.

    Key Takeaways of Automotive Battery Management System Market Study

    Consumer demand across the globe is beginning to bend in favor of electric vehicles, and has strong disruption potential with governments providing purchasing incentives and subsidiaries.
    With the dawn of electro-mobility and the resulting increase in EV production, automakers are offering tailored electric vehicles with modification in battery management systems.
    APEJ is anticipated to remain the fastest-growing region in the automotive battery management system market during the forecast years, owing to several countries encouraging the usage of EVs. China leads the global fleet of electric vehicles.
    Hybrid electric vehicles hold more than two-third of the global EV fleet. Increasing sales of HEVs are foreseen to fuel the demand for battery management systems in the future.
    Electric vehicle fleet is significantly low as compared to ICE vehicles. As a result, the OEM sales channel is projected to retain its prominence throughout the forecast period.
    Although centralized BMS account for a lion’s share in the global market, modular BMS are expected to witness high growth due to its superior functional benefits over its counterparts.
    For more Information: https://www.futuremarketinsights.com/reports/automotive-battery-management-system-market

    AUTOMOTIVE BATTERY MANAGEMENT SYSTEM MARKET TAXONOMY

    The global automotive battery management system market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

    Vehicle Type

    Electric Vehicles
    Passenger Cars
    HEVs
    PHEVs
    BEVs
    Commercial Vehicles
    HEVs
    PHEVs
    BEVs
    Golf Carts
    E-Bikes
    Connection Topology

    Centralized
    Distributed
    Modular
    Sales Channel

    OEMs
    Aftermarket
    According to a new research report published by Future Market Insights (FMI), the automotive battery management system market is estimated to reach US$ 15.3 Bn by the end of 2029. In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth. “In the foreseeable future, advancements in battery management systems will contribute towards extending vehicle range, while simultaneously improving battery life and safety. All major OEMs are ambitiously planning to boost electric vehicle production, which is projected to create significant opportunities for the global automotive battery management system market.” Automotive Battery Management System Market: Competition Overview The global automotive battery management system market is moderately consolidated, with a number of global as well as regional players operating in it. Analog Devices, Inc., Continental AG, Johnson Matthey Plc, and Robert Bosch GmbH are identified as prominent players in the global automotive battery management system market. Key Takeaways of Automotive Battery Management System Market Study Consumer demand across the globe is beginning to bend in favor of electric vehicles, and has strong disruption potential with governments providing purchasing incentives and subsidiaries. With the dawn of electro-mobility and the resulting increase in EV production, automakers are offering tailored electric vehicles with modification in battery management systems. APEJ is anticipated to remain the fastest-growing region in the automotive battery management system market during the forecast years, owing to several countries encouraging the usage of EVs. China leads the global fleet of electric vehicles. Hybrid electric vehicles hold more than two-third of the global EV fleet. Increasing sales of HEVs are foreseen to fuel the demand for battery management systems in the future. Electric vehicle fleet is significantly low as compared to ICE vehicles. As a result, the OEM sales channel is projected to retain its prominence throughout the forecast period. Although centralized BMS account for a lion’s share in the global market, modular BMS are expected to witness high growth due to its superior functional benefits over its counterparts. For more Information: https://www.futuremarketinsights.com/reports/automotive-battery-management-system-market AUTOMOTIVE BATTERY MANAGEMENT SYSTEM MARKET TAXONOMY The global automotive battery management system market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader. Vehicle Type Electric Vehicles Passenger Cars HEVs PHEVs BEVs Commercial Vehicles HEVs PHEVs BEVs Golf Carts E-Bikes Connection Topology Centralized Distributed Modular Sales Channel OEMs Aftermarket
    Automotive Battery Management System Market
    [292 Pages Report] Automotive Battery Management System Market are projected to rise at a phenomenal CAGR of 25.9% from 2022 to 2029 to attain an estimated market valuation of US$ 15.31 Bn by the end of 2029
    WWW.FUTUREMARKETINSIGHTS.COM
    0 Comments 0 Shares
  • Over the forecast period of 2022-2032, the global bicycle light market is projected to grow at a CAGR of 7.1%. The market is anticipated to reach a valuation of over US$ 2,454.7 Mn by 2032, opines Future Market Insights (FMI).

    The market for bicycle lights is set to be boosted by the increasing popularity of bicycles among people who are concerned about their health and the environment. Bicycle adoption is rising along with the urgent need for more environmentally friendly means of transportation, which is driving the market for bicycle lights. The market is also expanding due to the rising demand for robust and high-quality bicycle lights.

    Due to the rising demand for safety and security, it is anticipated that the bicycle lights market would expand significantly in the next ten years. Bicycle adoption is also on the rise in many parts of the world as a result of expanding transportation needs.

    The use of various types of bike lights has been progressively rising due to growing awareness of their importance among cyclists who use them for commuting, as well as those who ride on mountain trails where these lights are vital for visibility. Growth rates would be further influenced by increasing urban population and high levels of disposable income during the projection period.

    For more Information: https://www.futuremarketinsights.com/reports/bicycle-light-market
    Key Takeaways from the Bicycle Light Market Study

    By mounting type, headlights are estimated to account for more than 7% of the global bicycle light market share by the end of 2032.
    Based on bicycle type, the e-bicycle segment is projected to hold more than 72% of the global bicycle light market share by 2032.
    By sales channel, the OEM segment is expected to create an absolute dollar opportunity of US$ 1,115 Mn during the forecast period.
    Over the forecast period, the bicycle light market in the U.S. is projected to create an incremental opportunity of nearly US$ 14.4 Mn.
    By the end of 2032, East Asia is set to generate the largest bicycle light market share of around 2%.
    "Owing to changing lifestyles and growing knowledge of health benefits, cycling has gained immense popularity as a sport & exercise activity in recent years. As a result, there are nowadays many technically advanced bicycles available with features like lights and reflectors for the convenience of riders,” says a Future Market Insights analyst.

    Competition Landscape: Bicycle Light Market

    Top global bicycle light brands are: Garmin Ltd., Cygolite, Cateye Co., Ltd., GACIRON, Goldmore Co., Ltd., Lord Benex, Knog, Smart Bike Light, NiteRider Technical Lighting Systems, Blackburn, Schwinn, Serfas, Lezyne, Sense., and LEDbyLIT.

    Key manufacturers are focusing on increasing their regional presence and are engaging in distributing their in-house products in local markets by expanding their dealer networks. Players are also collaborating with local distributors to supply their products globally.

    Get More Exclusive Insights into Bicycle Light Market

    The research report analyzes the market demand trend for bicycle light. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the bicycle light market report is studied and analyzed in the following segments such as mounting type, bicycle type, sales channel, and region. The bicycle light market report gives us qualitative and quantitative information about the companies.

    Over the forecast period of 2022-2032, the global bicycle light market is projected to grow at a CAGR of 7.1%. The market is anticipated to reach a valuation of over US$ 2,454.7 Mn by 2032, opines Future Market Insights (FMI). The market for bicycle lights is set to be boosted by the increasing popularity of bicycles among people who are concerned about their health and the environment. Bicycle adoption is rising along with the urgent need for more environmentally friendly means of transportation, which is driving the market for bicycle lights. The market is also expanding due to the rising demand for robust and high-quality bicycle lights. Due to the rising demand for safety and security, it is anticipated that the bicycle lights market would expand significantly in the next ten years. Bicycle adoption is also on the rise in many parts of the world as a result of expanding transportation needs. The use of various types of bike lights has been progressively rising due to growing awareness of their importance among cyclists who use them for commuting, as well as those who ride on mountain trails where these lights are vital for visibility. Growth rates would be further influenced by increasing urban population and high levels of disposable income during the projection period. For more Information: https://www.futuremarketinsights.com/reports/bicycle-light-market Key Takeaways from the Bicycle Light Market Study By mounting type, headlights are estimated to account for more than 7% of the global bicycle light market share by the end of 2032. Based on bicycle type, the e-bicycle segment is projected to hold more than 72% of the global bicycle light market share by 2032. By sales channel, the OEM segment is expected to create an absolute dollar opportunity of US$ 1,115 Mn during the forecast period. Over the forecast period, the bicycle light market in the U.S. is projected to create an incremental opportunity of nearly US$ 14.4 Mn. By the end of 2032, East Asia is set to generate the largest bicycle light market share of around 2%. "Owing to changing lifestyles and growing knowledge of health benefits, cycling has gained immense popularity as a sport & exercise activity in recent years. As a result, there are nowadays many technically advanced bicycles available with features like lights and reflectors for the convenience of riders,” says a Future Market Insights analyst. Competition Landscape: Bicycle Light Market Top global bicycle light brands are: Garmin Ltd., Cygolite, Cateye Co., Ltd., GACIRON, Goldmore Co., Ltd., Lord Benex, Knog, Smart Bike Light, NiteRider Technical Lighting Systems, Blackburn, Schwinn, Serfas, Lezyne, Sense., and LEDbyLIT. Key manufacturers are focusing on increasing their regional presence and are engaging in distributing their in-house products in local markets by expanding their dealer networks. Players are also collaborating with local distributors to supply their products globally. Get More Exclusive Insights into Bicycle Light Market The research report analyzes the market demand trend for bicycle light. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the bicycle light market report is studied and analyzed in the following segments such as mounting type, bicycle type, sales channel, and region. The bicycle light market report gives us qualitative and quantitative information about the companies.
    Bicycle Light Market
    Bicycle Light Market is set to be valued at US$ 1,236.4 Mn in 2022. The market is projected to grow at a CAGR of 7.1% from 2022 to 2032.
    WWW.FUTUREMARKETINSIGHTS.COM
    0 Comments 0 Shares
  • The hydrogen buses market is predicted to grow at an astronomical CAGR of 67% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 8.45 Bn in 2023 to US$ 1426.68 Bn by 2033.

    The market for hydrogen buses is primarily being boosted by surging concerns over depleting natural resources and degrading environmental conditions. This has propelled the introduction of technologies that encourage the concept of eco-friendly transportation means to sustain the ecosystem.

    Additionally, the increase in the number of people perturbed by the harmful effects of air pollution, rising levels of traffic as well as GHG emissions are accelerating the adoption of hydrogen fuel cell buses . These buses, unlike conventional modes of transportation like gasoline and diesel-powered vehicles, are eco-friendly in nature and offer a sustainable transport option.

    The market is witnessing significant impacts of technological upgrades taking place in hydrogen-powered vehicles, which is widening the scope of hydrogen-powered buses for the forecast period. The hydrogen-backed buses market is predicted to enjoy several opportunities to realize its potential over the anticipated time period. Further, the increasing investments in the infrastructure for hydrogen fuel cell buses and their related charging stations are projected to incite market development in the coming years.

    In the U.S., California provided funds for the production of 100 refuelling stations for hydrogen-powered vehicles to achieve its goal of 1.5 Mn zero-emission Automotives by 2025 end. Similar policies deployed by several governments across the globe to encourage environmental health and safety is expected to facilitate the adoption of hydrogen buses over the forecast period.

    Key Takeaways from the Hydrogen Buses Industry

    Hydrogen buses in germany market is projected to substantially contribute towards Europe’s leading position on a global scale. The rising influx of hydrogen fuel cell buses in the country is accelerating the transition towards the green economy.
    The North American hydrogen buses market holds a significant market share. Rising initiatives by private companies and government bodies to foster the growth of emission-free vehicles in the region are propelling the market development of hydrogen-powered buses.
    In emerging countries like India, the escalating pollution levels and growing concerns related to health issues caused by the inhalation of polluted air are driving the demand for hydrogen buses.
    In China, the Beijing Winter Olympics 2022 witnessed the circulation of 800+ hydrogen fuel cell buses. The rising production and sales of hydrogen buses in the country are predicted to catalyze market growth.
    The increasing operation of eco-friendly hydrogen-powered buses in South Korea is stimulating market growth in the country. Additionally, the rising government initiatives to promote the adoption of hydrogen buses are also enhancing the market scope of these buses.
    For more Information: https://www.futuremarketinsights.com/reports/hydrogen-buses-market

    Growing Significance of Eco-friendly Mobility Presents Opportunities for Hydrogen Buses Operators

    Companies operating in the hydrogen buses market are launching new models of hydrogen buses, keeping in mind their practicality and relevancy. Additionally, active measures to develop infrastructure for hydrogen fuel cell busare is projected to create favourable market conditions for the industry players in the near future. The increasing efforts to commercialize hydrogen fuel cell buses, especially in Europe, is expected to raise the operation of hydrogen buses.

    Following companies provide hydrogen buses in the market, as identified by FMI:

    Tata Motors Limited
    Thor Industries
    Hyundai
    Ballard Power Systems
    NovaBus Corporation
    New Flyer Industries Ltd
    EvoBus
    New Flyer
    Hino Motors Ltd.
    SunLine Transit Agency
    Hydrogen Buses Industry Segmentation by Category

    By Technology:

    Proton Exchange Membrane Fuel Cells
    Direct Methanol Fuel Cells
    Phosphoric Acid Fuel Cells
    Zinc-Air Fuel Cells
    Solid Oxide Fuel Cells
    By Power Output:

    <150 kW
    150–250 kW
    >250 kW
    By Transit Bus Models:

    30-Foot Transit Buses
    40-Foot Transit Buses
    60-Foot Transit Buses
    The hydrogen buses market is predicted to grow at an astronomical CAGR of 67% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 8.45 Bn in 2023 to US$ 1426.68 Bn by 2033. The market for hydrogen buses is primarily being boosted by surging concerns over depleting natural resources and degrading environmental conditions. This has propelled the introduction of technologies that encourage the concept of eco-friendly transportation means to sustain the ecosystem. Additionally, the increase in the number of people perturbed by the harmful effects of air pollution, rising levels of traffic as well as GHG emissions are accelerating the adoption of hydrogen fuel cell buses . These buses, unlike conventional modes of transportation like gasoline and diesel-powered vehicles, are eco-friendly in nature and offer a sustainable transport option. The market is witnessing significant impacts of technological upgrades taking place in hydrogen-powered vehicles, which is widening the scope of hydrogen-powered buses for the forecast period. The hydrogen-backed buses market is predicted to enjoy several opportunities to realize its potential over the anticipated time period. Further, the increasing investments in the infrastructure for hydrogen fuel cell buses and their related charging stations are projected to incite market development in the coming years. In the U.S., California provided funds for the production of 100 refuelling stations for hydrogen-powered vehicles to achieve its goal of 1.5 Mn zero-emission Automotives by 2025 end. Similar policies deployed by several governments across the globe to encourage environmental health and safety is expected to facilitate the adoption of hydrogen buses over the forecast period. Key Takeaways from the Hydrogen Buses Industry Hydrogen buses in germany market is projected to substantially contribute towards Europe’s leading position on a global scale. The rising influx of hydrogen fuel cell buses in the country is accelerating the transition towards the green economy. The North American hydrogen buses market holds a significant market share. Rising initiatives by private companies and government bodies to foster the growth of emission-free vehicles in the region are propelling the market development of hydrogen-powered buses. In emerging countries like India, the escalating pollution levels and growing concerns related to health issues caused by the inhalation of polluted air are driving the demand for hydrogen buses. In China, the Beijing Winter Olympics 2022 witnessed the circulation of 800+ hydrogen fuel cell buses. The rising production and sales of hydrogen buses in the country are predicted to catalyze market growth. The increasing operation of eco-friendly hydrogen-powered buses in South Korea is stimulating market growth in the country. Additionally, the rising government initiatives to promote the adoption of hydrogen buses are also enhancing the market scope of these buses. For more Information: https://www.futuremarketinsights.com/reports/hydrogen-buses-market Growing Significance of Eco-friendly Mobility Presents Opportunities for Hydrogen Buses Operators Companies operating in the hydrogen buses market are launching new models of hydrogen buses, keeping in mind their practicality and relevancy. Additionally, active measures to develop infrastructure for hydrogen fuel cell busare is projected to create favourable market conditions for the industry players in the near future. The increasing efforts to commercialize hydrogen fuel cell buses, especially in Europe, is expected to raise the operation of hydrogen buses. Following companies provide hydrogen buses in the market, as identified by FMI: Tata Motors Limited Thor Industries Hyundai Ballard Power Systems NovaBus Corporation New Flyer Industries Ltd EvoBus New Flyer Hino Motors Ltd. SunLine Transit Agency Hydrogen Buses Industry Segmentation by Category By Technology: Proton Exchange Membrane Fuel Cells Direct Methanol Fuel Cells Phosphoric Acid Fuel Cells Zinc-Air Fuel Cells Solid Oxide Fuel Cells By Power Output: <150 kW 150–250 kW >250 kW By Transit Bus Models: 30-Foot Transit Buses 40-Foot Transit Buses 60-Foot Transit Buses
    Hydrogen Buses Market
    [342 Pages Report] Global Hydrogen buses Market is expected to reach US$ 1426.68 Bn by 2033, growing at a CAGR of 67% during the forecast period 2023-2033
    WWW.FUTUREMARKETINSIGHTS.COM
    0 Comments 0 Shares
  • The global automotive connectivity market is projected to register at a moderate-paced CAGR of 19% over the forecast period. The automotive connectivity market is currently valued at US$ 33.42 Bn in 2023. By 2033, demand for automotive connectivity is expected to reach a high of US$ 190.29 Bn.

    The demand for automotive connectivity is anticipated to rise as a result of factors like the introduction of strict safety standards, the rising popularity of high-end luxury vehicles, the advent of 5G infrastructure, autonomous vehicles, and the increasing prevalence of integrated connectivity.

    Connected Car Industry is headed by the Installation of Cybersecurity Systems

    One important automotive connectivity market trend is the increasing incorporation of cybersecurity solutions into automotive safety systems. Data has emerged as an increasingly important part of the automotive sector in recent years. When driving a "connected" vehicle, the user's smartphone is integrated with the car's infotainment system. There is a significant chance that the user's data, which may include personal and financial data, will be compromised. Google and Apple, two of the biggest names in tech, are working on cybersecurity software for cars to stop data theft. These apps are simple to use, keep tabs on the safety of the car, and alert the owner if an unauthorized person attempts to access the system from another device. For instance, DENSO collaborated with Dellfer on the creation of the ZeroDayGaurd 1.0 cybersecurity solution for the automotive industry.

    For more Information: https://www.futuremarketinsights.com/reports/automotive-connectivity-market
    Key Takeaways

    Market analysts believe that the driver assistance subsector would grow at the highest rate during the next few years.
    During the foreseen time frame, the 5G sub segment is expected to generate the most revenue. In order to improve the connectivity between vehicles and external devices, several telecommunications firms are working on the next-generation 5G networks.
    The automotive connectivity market is predicted to improve as a result of a rise in demand for lightweight suspension systems and the development of innovative suspension systems.
    Automotive manufacturer partnerships that showcase the benefits of connected parking are likely to accelerate its widespread adoption.
    Competitive Landscape

    Top Global automotive connectivity companies are: Continental AG, Robert Bosch GmbH, Harman International Industries, Inc., DENSO Corporation, Airbiquity Inc., and Visteon Corporation are the most prominent players in the automotive connectivity market. Over the projection period, the connected features of automobiles are expected to become commonplace in emerging markets like China, India, etc., where original equipment manufacturers (OEMs) have begun including such technologies in their newest models.

    Recent Developments in the automotive connectivity market include:

    The London Electric Vehicle Company (LEVC) and Geotab, the industry leader in the Internet of Things and linked transportation, announced a new agreement in May 2022 to equip LEVC's electric TX taxi and VN5 van with cutting-edge fleet management technology.

    For the purpose of creating a connected vehicle platform, Robert Bosch GmbH partnered with Mahindra & Mahindra in August 2021. This collaboration will aid in expanding and improving the logistics connectivity platform.

    Ford Motor Company and Google struck a strategic collaboration agreement in February of 2021 to collaborate on the creation of new automotive connectivity service software. This collaboration will benefit Ford Motor Company's connected car division.

    Key Segments in the Automotive connectivity Market

    Technology:

    3G
    4G/LTE
    5G
    Connectivity:

    Integrated
    Embedded
    Tethered
    End-Users:

    Original Equipment Manufacturer (OEMs)
    Aftermarket
    The global automotive connectivity market is projected to register at a moderate-paced CAGR of 19% over the forecast period. The automotive connectivity market is currently valued at US$ 33.42 Bn in 2023. By 2033, demand for automotive connectivity is expected to reach a high of US$ 190.29 Bn. The demand for automotive connectivity is anticipated to rise as a result of factors like the introduction of strict safety standards, the rising popularity of high-end luxury vehicles, the advent of 5G infrastructure, autonomous vehicles, and the increasing prevalence of integrated connectivity. Connected Car Industry is headed by the Installation of Cybersecurity Systems One important automotive connectivity market trend is the increasing incorporation of cybersecurity solutions into automotive safety systems. Data has emerged as an increasingly important part of the automotive sector in recent years. When driving a "connected" vehicle, the user's smartphone is integrated with the car's infotainment system. There is a significant chance that the user's data, which may include personal and financial data, will be compromised. Google and Apple, two of the biggest names in tech, are working on cybersecurity software for cars to stop data theft. These apps are simple to use, keep tabs on the safety of the car, and alert the owner if an unauthorized person attempts to access the system from another device. For instance, DENSO collaborated with Dellfer on the creation of the ZeroDayGaurd 1.0 cybersecurity solution for the automotive industry. For more Information: https://www.futuremarketinsights.com/reports/automotive-connectivity-market Key Takeaways Market analysts believe that the driver assistance subsector would grow at the highest rate during the next few years. During the foreseen time frame, the 5G sub segment is expected to generate the most revenue. In order to improve the connectivity between vehicles and external devices, several telecommunications firms are working on the next-generation 5G networks. The automotive connectivity market is predicted to improve as a result of a rise in demand for lightweight suspension systems and the development of innovative suspension systems. Automotive manufacturer partnerships that showcase the benefits of connected parking are likely to accelerate its widespread adoption. Competitive Landscape Top Global automotive connectivity companies are: Continental AG, Robert Bosch GmbH, Harman International Industries, Inc., DENSO Corporation, Airbiquity Inc., and Visteon Corporation are the most prominent players in the automotive connectivity market. Over the projection period, the connected features of automobiles are expected to become commonplace in emerging markets like China, India, etc., where original equipment manufacturers (OEMs) have begun including such technologies in their newest models. Recent Developments in the automotive connectivity market include: The London Electric Vehicle Company (LEVC) and Geotab, the industry leader in the Internet of Things and linked transportation, announced a new agreement in May 2022 to equip LEVC's electric TX taxi and VN5 van with cutting-edge fleet management technology. For the purpose of creating a connected vehicle platform, Robert Bosch GmbH partnered with Mahindra & Mahindra in August 2021. This collaboration will aid in expanding and improving the logistics connectivity platform. Ford Motor Company and Google struck a strategic collaboration agreement in February of 2021 to collaborate on the creation of new automotive connectivity service software. This collaboration will benefit Ford Motor Company's connected car division. Key Segments in the Automotive connectivity Market Technology: 3G 4G/LTE 5G Connectivity: Integrated Embedded Tethered End-Users: Original Equipment Manufacturer (OEMs) Aftermarket
    Automotive connectivity Market
    Automotive connectivity Market is anticipated to increase at a high CAGR of 19% (2023-2033), reaching a value of about US$ 190.29 Billion by 2033 - FMI
    WWW.FUTUREMARKETINSIGHTS.COM
    0 Comments 0 Shares
  • The global electronic power steering market size is anticipated to reach a valuation of US$ 41,893.2 Mn in 2032, with the market growing at a moderate CAGR of 5.2% from 2022 to 2032. By the end of 2022, the target market is set to reach an estimated US$ 25,234.0 Mn.

    Increasing security concerns coupled with the surging competition with electronic, self-driving, or autopilot-enabled automobiles will boost the demand for the electronic power steering market during the forecast period.

    An upsurge in regulatory standards and commitments connected to fuel-efficient technology, measures implemented by OEMs all around the world to lower the weight and complexity of their cars, and rising global vehicle supply are the major considerations that spur the growth of the electronic power steering market during the projected period.

    In addition, rising awareness regarding technologically sophisticated automotive systems and the increasing acceptance of luxury vehicles with ADAS are bolstering the growth of the electronic power steering market. This factor further provides important prospects for market participants to develop their product portfolio and increase their consumer base.

    Moreover, benefits associated with the target product such as customizable power, fuel efficiency, excellent steering, minimal pollution, and assisting in reducing vehicle weight facilitate the growth of the target market. Again, the choice of a proper steering design provides vehicle stability and maneuverability in any terrain. Hence, the market for electronic power steering is still expected to grow at a rapid and steady rate of 5.2% during the forecast period.

    For more Information: https://www.futuremarketinsights.com/reports/electronic-power-steering-market
    “Rising awareness of the product-related advantages along with heightened demand from the auto industry will likely propel the global growth of the electronic power steering market over the forecast period,” says an FMI analyst.

    Key Takeaways:

    Heightened demand for electronic power steering systems in large commercial automobiles strengthens market prospects.
    On the basis of end-use, the automotive sector will contribute significantly to the market.
    By type, the conventional steering segment will dominate the global marketplace.
    The electronic power steering market in the Asia Pacific region will register a CAGR of 8% during the assessment period.
    Europe’s electronic power steering market will grow at a CAGR of 3.95% during the forecast period.
    The start-ups in this field are keen on product innovations and introducing novel technologies.
    Competitive Landscape

    Robert Bosch Automotive Steering GmbH, Mitsubishi Electric Corporation, ZF Friedrichshafen Group, Nexteer Automotive, NSK Global, JTEKT Corporation, SHOWA Corporation, thyssenkrupp Presta AG, Mando Corporation, Hyundai Mobis, Zhuzhou Elite Electro-Mechanical Co. Ltd., among others are some of the major players in the electronic power steering market profiled in the full version of the report.

    Leading market players are focusing on product innovation and new investments to increase their product portfolio. These businesses are adopting strategic mergers and acquisition tactics to gain a competitive edge.

    Global Electronic Power Steering Market: Segmentation

    By EPS type:

    Column Assisted Electronic Power Steering(C-EPS)
    Pinion Assisted Electronic Power Steering (P-EPS)
    Rack Assisted Electronic Power Steering system (R-EPS)
    Electronic Hydraulic Electronic Power Steering (EHPS)
    By Vehicle Application:

    Light Motor Vehicles (LMV)
    Passenger Cars
    Heavy Motor Vehicles (HMV)
    Agricultural Tractors
    Special Utility Vehicles (Cranes, Sports Cars, Earth Moving, Military Vehicles, etc.)
    The global electronic power steering market size is anticipated to reach a valuation of US$ 41,893.2 Mn in 2032, with the market growing at a moderate CAGR of 5.2% from 2022 to 2032. By the end of 2022, the target market is set to reach an estimated US$ 25,234.0 Mn. Increasing security concerns coupled with the surging competition with electronic, self-driving, or autopilot-enabled automobiles will boost the demand for the electronic power steering market during the forecast period. An upsurge in regulatory standards and commitments connected to fuel-efficient technology, measures implemented by OEMs all around the world to lower the weight and complexity of their cars, and rising global vehicle supply are the major considerations that spur the growth of the electronic power steering market during the projected period. In addition, rising awareness regarding technologically sophisticated automotive systems and the increasing acceptance of luxury vehicles with ADAS are bolstering the growth of the electronic power steering market. This factor further provides important prospects for market participants to develop their product portfolio and increase their consumer base. Moreover, benefits associated with the target product such as customizable power, fuel efficiency, excellent steering, minimal pollution, and assisting in reducing vehicle weight facilitate the growth of the target market. Again, the choice of a proper steering design provides vehicle stability and maneuverability in any terrain. Hence, the market for electronic power steering is still expected to grow at a rapid and steady rate of 5.2% during the forecast period. For more Information: https://www.futuremarketinsights.com/reports/electronic-power-steering-market “Rising awareness of the product-related advantages along with heightened demand from the auto industry will likely propel the global growth of the electronic power steering market over the forecast period,” says an FMI analyst. Key Takeaways: Heightened demand for electronic power steering systems in large commercial automobiles strengthens market prospects. On the basis of end-use, the automotive sector will contribute significantly to the market. By type, the conventional steering segment will dominate the global marketplace. The electronic power steering market in the Asia Pacific region will register a CAGR of 8% during the assessment period. Europe’s electronic power steering market will grow at a CAGR of 3.95% during the forecast period. The start-ups in this field are keen on product innovations and introducing novel technologies. Competitive Landscape Robert Bosch Automotive Steering GmbH, Mitsubishi Electric Corporation, ZF Friedrichshafen Group, Nexteer Automotive, NSK Global, JTEKT Corporation, SHOWA Corporation, thyssenkrupp Presta AG, Mando Corporation, Hyundai Mobis, Zhuzhou Elite Electro-Mechanical Co. Ltd., among others are some of the major players in the electronic power steering market profiled in the full version of the report. Leading market players are focusing on product innovation and new investments to increase their product portfolio. These businesses are adopting strategic mergers and acquisition tactics to gain a competitive edge. Global Electronic Power Steering Market: Segmentation By EPS type: Column Assisted Electronic Power Steering(C-EPS) Pinion Assisted Electronic Power Steering (P-EPS) Rack Assisted Electronic Power Steering system (R-EPS) Electronic Hydraulic Electronic Power Steering (EHPS) By Vehicle Application: Light Motor Vehicles (LMV) Passenger Cars Heavy Motor Vehicles (HMV) Agricultural Tractors Special Utility Vehicles (Cranes, Sports Cars, Earth Moving, Military Vehicles, etc.)
    Electronic Power Steering Market
    [324 Pages Report] Electronic Power Steering Market is anticipated to increase at a high CAGR of 5.2% (2022-2032), reaching a value of about US$ 41.89 Bn by 2032 - FMI
    WWW.FUTUREMARKETINSIGHTS.COM
    0 Comments 0 Shares
  • The global commercial helicopter market is expected to reach a valuation of US$ 11.5 Bn by 2032, with the market expanding at a positive CAGR of 6.4% from 2022 to 2032. Valued at US$ 5.9 Bn in 2021, the target market is expected to reach an estimated US$ 6.2 Bn in 2022.

    The elevated need for commercial helicopters in emergency services, VIP transport, military and defense activities, and oil and gas rigs as well as the replacement of older fleets propel the growth of the commercial helicopter market during the forecast period.

    Helicopters ensure greater connectivity and liveability of cities which propels the market prospects for the same. The use of small aircraft in urban spaces at low altitudes bolsters connectivity and liveability of these urban cities by lessening congestion on important routes in cities. This augments the global sales of commercial helicopters. Besides, these helicopters- particularly the light type- are witnessing heightened demand from the public safety & law enforcement segment. Again, the use of electric power by these helicopters is improving safety, reducing the cost of operation, and lessening the noise component.

    In addition, hybridized helicopters, which utilize the benefits of electric power along with capitalizing on the advantages of traditional aircraft exhibit strong market potential which, in turn, boosts the market prospects of commercial helicopters. These hybrid helicopters are good for the environment as they improve fuel economy and assist with emission reduction. All of these factors foster an atmosphere of growth for the commercial helicopter market during the forecast period.

    “Rising need for replacement of older fleets along with a demand for advanced models of the target product will drive the global growth of the commercial helicopter market over the forecast period,” says an FMI analyst.

    Key Takeaways:

    The commercial helicopter market in the United States will grow at 5.5% CAGR, reaching US$ 3.9 Bn by 2032.
    In Europe, the commercial helicopter market is predicted to expand at a CAGR of 6%, arriving at a value of US$ 2.8 Bn during the assessment period.
    By type, the light commercial helicopter segment is anticipated to register a CAGR of 6% during 2022-2032.
    Based on application, the public safety and law enforcement segment is leading the market with a CAGR of 5.5% during the forecast period.
    Competitive Landscape

    Top Global commercial helicopter companies are: Airbus S.A.S., Bell Helicopter Textron Inc., Enstrom Helicopter Corp., Hindustan Aeronautics Limited, Korea Aerospace Industries, Lockheed Martin Sikorsky Aircraft, and Robinson Helicopter Company among others are some of the major players in the commercial helicopter market profiled in the full version of the report.

    Key market players are concentrating on improving their current models, enhancing safety, and capitalizing on new technologies to cater to consumer demands. These firms are increasing investment in R&D activities for the automation of certain parts of the flying process to lessen the burden on the pilot. Joint ventures, agreements, and collaborations are certain other tactics adopted by some of these market participants.

    For more Infromation: https://www.futuremarketinsights.com/reports/commercial-helicopter-market
    Market Segments Covered In Commercial Helicopter Market Analysis

    Commercial Helicopters Market by Type:

    Light
    Medium
    Heavy
    Very Large
    Commercial Helicopters Market by Application:

    Oil & Gas
    Medical Services
    Transport
    Law Enforcement & Public Safety
    Other Applications
    The global commercial helicopter market is expected to reach a valuation of US$ 11.5 Bn by 2032, with the market expanding at a positive CAGR of 6.4% from 2022 to 2032. Valued at US$ 5.9 Bn in 2021, the target market is expected to reach an estimated US$ 6.2 Bn in 2022. The elevated need for commercial helicopters in emergency services, VIP transport, military and defense activities, and oil and gas rigs as well as the replacement of older fleets propel the growth of the commercial helicopter market during the forecast period. Helicopters ensure greater connectivity and liveability of cities which propels the market prospects for the same. The use of small aircraft in urban spaces at low altitudes bolsters connectivity and liveability of these urban cities by lessening congestion on important routes in cities. This augments the global sales of commercial helicopters. Besides, these helicopters- particularly the light type- are witnessing heightened demand from the public safety & law enforcement segment. Again, the use of electric power by these helicopters is improving safety, reducing the cost of operation, and lessening the noise component. In addition, hybridized helicopters, which utilize the benefits of electric power along with capitalizing on the advantages of traditional aircraft exhibit strong market potential which, in turn, boosts the market prospects of commercial helicopters. These hybrid helicopters are good for the environment as they improve fuel economy and assist with emission reduction. All of these factors foster an atmosphere of growth for the commercial helicopter market during the forecast period. “Rising need for replacement of older fleets along with a demand for advanced models of the target product will drive the global growth of the commercial helicopter market over the forecast period,” says an FMI analyst. Key Takeaways: The commercial helicopter market in the United States will grow at 5.5% CAGR, reaching US$ 3.9 Bn by 2032. In Europe, the commercial helicopter market is predicted to expand at a CAGR of 6%, arriving at a value of US$ 2.8 Bn during the assessment period. By type, the light commercial helicopter segment is anticipated to register a CAGR of 6% during 2022-2032. Based on application, the public safety and law enforcement segment is leading the market with a CAGR of 5.5% during the forecast period. Competitive Landscape Top Global commercial helicopter companies are: Airbus S.A.S., Bell Helicopter Textron Inc., Enstrom Helicopter Corp., Hindustan Aeronautics Limited, Korea Aerospace Industries, Lockheed Martin Sikorsky Aircraft, and Robinson Helicopter Company among others are some of the major players in the commercial helicopter market profiled in the full version of the report. Key market players are concentrating on improving their current models, enhancing safety, and capitalizing on new technologies to cater to consumer demands. These firms are increasing investment in R&D activities for the automation of certain parts of the flying process to lessen the burden on the pilot. Joint ventures, agreements, and collaborations are certain other tactics adopted by some of these market participants. For more Infromation: https://www.futuremarketinsights.com/reports/commercial-helicopter-market Market Segments Covered In Commercial Helicopter Market Analysis Commercial Helicopters Market by Type: Light Medium Heavy Very Large Commercial Helicopters Market by Application: Oil & Gas Medical Services Transport Law Enforcement & Public Safety Other Applications
    Commercial Helicopter Market
    Commercial Helicopters Market is set to witness a growth rate of 6.4% over the forecast period and be valued at US$ 11.5 Bn by 2032
    WWW.FUTUREMARKETINSIGHTS.COM
    0 Comments 0 Shares
  • The automotive fasteners market is anticipated to obtain growth at an average CAGR of 6% and is forecasted to reach a valuation of USD 47,174.7 Mn by 2032, while it holds a revenue of USD 26,342.1 Mn in 2022.

    In recent times, companies around the world have invested capital in technology research and development units to help them enhance the productivity of multiple machines.

    Automotive fasteners and industry-specific designs and shapes attract end users to adopt these fasteners. Industries rising along with its application in housing, door panels, and other vehicle parts are fueling the sales of automotive fasteners.

    Dynamic consumer preferences for smart vehicles, rising disposable income, and increasing adoption of cutting-edge technology in automobiles are some of the factors driving the global automotive fasteners market.

    The preference for using lightweight vehicles across the world is expected to enhance the demand for using lighter automotive components in vehicles. In order to increase the performance of vehicles as well as fuel efficiency, lightweight parts are important.

    Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1703

    Key Takeaways from Market Study

    Europe holds the biggest market space for the automotive fasteners market and is anticipated to hold its ground during the forecast period, with 26% of the share attributed to the sales of commercial vehicles such as passenger cars and electric buses.
    North America has the second largest space in the global automotive fasteners market, while its growth is owing to advancements in electric vehicle and their higher adoption with a 16% global share.
    The automobile companies such as General Motors and Ford are making the USA a significant country in the region of North America.
    “The future for the market looks promising for lightweight vehicle adoption that use lighter automotive components in vehicles including automotive fasteners. These fasteners increase the performance of vehicles such as lightweight parts, and fuel efficiency. The rise of electronic vehicles has also pushed the demand for automotive fasteners that require fitting ensuring the use of sustainable and environmentally friendly electric vehicles. The technical developments to enhance the quality and durability of the automotive components and products. ” says a Future Market Insights analyst while discussing the future of the market.

    Competitive Landscape:

    The automotive fasteners market is fragmented by the key players that help to develop the market all around the globe during the forecast period. These players are showing their efforts and focus on increasing the automotive fasteners’ market share. The key players are using various tricks and marketing terms to acquire the lion’s share in the automotive fasteners market size.

    Top Global automotive fasteners suppliers are:

    Permanent Technologies, Inc.
    Phillips screw company
    Westfield Fasteners Limited
    com Inc.
    Atotech Deutschland GmbH
    Stanley Engineered Fastening
    PennEngineering
    Shanghai Tianbao Fastener Manufacturing Co., Ltd.
    Jiangsu Xing Chang Jiang International Co., Ltd.
    Shamrock International Fasteners
    Birmingham Fastener, Inc.
    Sundram Fasteners Limited
    Key Segments in The Automotive Fasteners Market

    By Material:

    Iron
    Aluminum
    Brass
    Nickel
    Stainless steel
    Plastic
    By Characteristics:

    Removable
    Semi-permanent
    Permanent
    By Types:

    Threaded
    Nuts
    Screws
    Rivets
    Studs
    Non threaded
    Snap rings
    Clips
    By Coating:

    Passivated coating
    Cadmium coating
    Dry film lube coating
    By Distribution Channel:

    OEM (Original Equipment Manufacturers)
    Aftermarket
    The automotive fasteners market is anticipated to obtain growth at an average CAGR of 6% and is forecasted to reach a valuation of USD 47,174.7 Mn by 2032, while it holds a revenue of USD 26,342.1 Mn in 2022. In recent times, companies around the world have invested capital in technology research and development units to help them enhance the productivity of multiple machines. Automotive fasteners and industry-specific designs and shapes attract end users to adopt these fasteners. Industries rising along with its application in housing, door panels, and other vehicle parts are fueling the sales of automotive fasteners. Dynamic consumer preferences for smart vehicles, rising disposable income, and increasing adoption of cutting-edge technology in automobiles are some of the factors driving the global automotive fasteners market. The preference for using lightweight vehicles across the world is expected to enhance the demand for using lighter automotive components in vehicles. In order to increase the performance of vehicles as well as fuel efficiency, lightweight parts are important. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1703 Key Takeaways from Market Study Europe holds the biggest market space for the automotive fasteners market and is anticipated to hold its ground during the forecast period, with 26% of the share attributed to the sales of commercial vehicles such as passenger cars and electric buses. North America has the second largest space in the global automotive fasteners market, while its growth is owing to advancements in electric vehicle and their higher adoption with a 16% global share. The automobile companies such as General Motors and Ford are making the USA a significant country in the region of North America. “The future for the market looks promising for lightweight vehicle adoption that use lighter automotive components in vehicles including automotive fasteners. These fasteners increase the performance of vehicles such as lightweight parts, and fuel efficiency. The rise of electronic vehicles has also pushed the demand for automotive fasteners that require fitting ensuring the use of sustainable and environmentally friendly electric vehicles. The technical developments to enhance the quality and durability of the automotive components and products. ” says a Future Market Insights analyst while discussing the future of the market. Competitive Landscape: The automotive fasteners market is fragmented by the key players that help to develop the market all around the globe during the forecast period. These players are showing their efforts and focus on increasing the automotive fasteners’ market share. The key players are using various tricks and marketing terms to acquire the lion’s share in the automotive fasteners market size. Top Global automotive fasteners suppliers are: Permanent Technologies, Inc. Phillips screw company Westfield Fasteners Limited com Inc. Atotech Deutschland GmbH Stanley Engineered Fastening PennEngineering Shanghai Tianbao Fastener Manufacturing Co., Ltd. Jiangsu Xing Chang Jiang International Co., Ltd. Shamrock International Fasteners Birmingham Fastener, Inc. Sundram Fasteners Limited Key Segments in The Automotive Fasteners Market By Material: Iron Aluminum Brass Nickel Stainless steel Plastic By Characteristics: Removable Semi-permanent Permanent By Types: Threaded Nuts Screws Rivets Studs Non threaded Snap rings Clips By Coating: Passivated coating Cadmium coating Dry film lube coating By Distribution Channel: OEM (Original Equipment Manufacturers) Aftermarket
    Automotive Fasteners Market - Sample | Future Market Insights
    Get you queries resolved from our expert analysts who will assist with all your research needs and customize the report
    WWW.FUTUREMARKETINSIGHTS.COM
    0 Comments 0 Shares
  • The sales of automotive ac compressor market share is estimated to grow at an average CAGR of 3.9% over the forecast period. The automotive AC compressor market size is projected to reach US$ 9,342.1 Mn in 2022, and is estimated to reach US$ 13,696.2 Mn in 2032.

    Growing economic values in emerging countries, as well as rising purchasing power, are predicted to boost the rise of car ownership, hence driving the automotive AC compressor market share. However, high startup and instalment costs, as well as maintenance concerns, are anticipated to limit the sales of vehicle AC compressors. On the other hand, technological advancements and the introduction of new products are projected to drive the growth of the automotive AC compressor market size.

    The increasing use of air conditioning in passenger vehicles in developing countries are likely to drive demand for automotive AC compressors during the forecast period. Furthermore, as environmental regulations tighten, vehicle makers are constantly discovering new ways to increase the fuel efficiency of compressors.

    The expanding relevance of cars, such as electric and hybrid electric vehicles, is also speeding the number of new electric vehicle models in Europe, North America, Japan, and China, hence increasing sales of AC compressors.

    In recent years, global warming has increased atmospheric temperature, boosting consumer demand for air conditioning in automobiles to create a more comfortable vehicle interior climate. Furthermore, increased attempts by vehicle makers to incorporate sophisticated controls in autos, as well as increased R&D spending, is anticipated to drive the automotive AC compressor market growth.

    Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1695

    Key Takeaways from Automotive AC Compressor Market

    By 2032, the automotive AC compressor market in the passenger car sector is expected to be worth almost USD 9 billion. Passenger cars segment is expected to grow at the fastest rate, owing to increased car sales in nations such as China and India. The proportion of passenger cars equipped with air conditioning is expected to surge.
    By 2032, the OEM segment is anticipated to control more than 95% of the automotive AC compressor market.
    Developing economies are spending heavily in the manufacturing sector in order to build strong export potential, which is leading to increasing car output.
    Due to its lower expensive than its competitors, the fixed displacement compressor category is expected to grow significantly across emerging nations.
    With a high revenue share, Asia Pacific dominates the vehicle AC compressor industry. This is due to rising automobile sales in emerging economies, particularly China and India.
    The APAC automotive AC compressor sector is likely to advance due to improved infrastructure and increased disposable income of the middle-class population.
    Europe has the second largest share of the automotive AC compressor market, with a revenue of 22%. This is due to the region is headquarters for major automotive OEMs.
    By 2032, North America is anticipated to account for more than 15% of the automotive AC compressor market. The increased use of automotive AC compressors in this region is linked to a rise in the number of automobiles on the road as well as individual purchasing power in the United States and Canada.
    “The cost of air conditioning systems has risen due to higher technological advancements in terms of performance and efficiency. During the projected period, this is expected to promote the growth of the automotive AC compressor market.”– FMI Analyst

    Competition Landscape in the Automotive AC Compressor Market

    The competition among automobile AC compressor key players is severe. As a result, automotive AC compressor market share is predicted to rise due to the industry's significant technical advancements. Furthermore, the leading players are expanding their spending in research and development (R&D) efforts in order to provide clients with more efficient and cost-effective goods.

    The key players in the automotive AC compressor market are:

    Yantai Shougang TD Automotive Compressor Co. Ltd., HELLA KGaA Hueck & Co., Zhajiang Santian A/C compressor Co. Ltd., Toyota Industries, TD Automotive Compressor, Gardner Denver, Delphi PLC., SANDEN USA, Denso Auto Corporation, Michigan Automotive Compressor Inc., General Auto, OMEGA Environmental Technologies, Valeo S.A., Calsonic Kansei Corporation, Mitsubishi Heavy Industries, Highly Marelli Holdings Co. Ltd., Dunair Smiths Manufacturing PTY Ltd., Behr Hella Service GmbH, Keihin Corporation, Continental AG, Robert Bosch GmbH, SANTIAN A/C COMPRESSOR CO. LTD., etc.

    Recent Developments in the Automotive AC Compressor Market:

    MAHLE GmbH acquired the air conditioning business from Keihin Corporation in Japan in February 2021, and the four US production facilities and one development centre are currently being incorporated into the MAHLE Group.
    Marelli Corporation struck an agreement with Shanghai Highly (Group) Co. in September 2020. Highly Marelli Holdings Co., Ltd., to form a joint venture. Ltd., which is expected to focus especially on the electrification of compressors, HVAC equipment, electric-driven compressor (EDC) systems, and other components.
    Key Segments Profiled in the Automotive AC Compressor Market Survey

    By Configuration:

    Scroll Type Compressor
    Rotary Type Compressor
    By Vehicle Type:

    Passenger Cars
    Light Commercial Vehicle
    Heavy Commercial Vehicle
    By Product Type:

    Fixed Displacement Type
    Continuous Variable Displacement Type
    Electrically Operated
    By Sales Channel:

    Original Equipment Manufacturer
    Aftermarket
    The sales of automotive ac compressor market share is estimated to grow at an average CAGR of 3.9% over the forecast period. The automotive AC compressor market size is projected to reach US$ 9,342.1 Mn in 2022, and is estimated to reach US$ 13,696.2 Mn in 2032. Growing economic values in emerging countries, as well as rising purchasing power, are predicted to boost the rise of car ownership, hence driving the automotive AC compressor market share. However, high startup and instalment costs, as well as maintenance concerns, are anticipated to limit the sales of vehicle AC compressors. On the other hand, technological advancements and the introduction of new products are projected to drive the growth of the automotive AC compressor market size. The increasing use of air conditioning in passenger vehicles in developing countries are likely to drive demand for automotive AC compressors during the forecast period. Furthermore, as environmental regulations tighten, vehicle makers are constantly discovering new ways to increase the fuel efficiency of compressors. The expanding relevance of cars, such as electric and hybrid electric vehicles, is also speeding the number of new electric vehicle models in Europe, North America, Japan, and China, hence increasing sales of AC compressors. In recent years, global warming has increased atmospheric temperature, boosting consumer demand for air conditioning in automobiles to create a more comfortable vehicle interior climate. Furthermore, increased attempts by vehicle makers to incorporate sophisticated controls in autos, as well as increased R&D spending, is anticipated to drive the automotive AC compressor market growth. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1695 Key Takeaways from Automotive AC Compressor Market By 2032, the automotive AC compressor market in the passenger car sector is expected to be worth almost USD 9 billion. Passenger cars segment is expected to grow at the fastest rate, owing to increased car sales in nations such as China and India. The proportion of passenger cars equipped with air conditioning is expected to surge. By 2032, the OEM segment is anticipated to control more than 95% of the automotive AC compressor market. Developing economies are spending heavily in the manufacturing sector in order to build strong export potential, which is leading to increasing car output. Due to its lower expensive than its competitors, the fixed displacement compressor category is expected to grow significantly across emerging nations. With a high revenue share, Asia Pacific dominates the vehicle AC compressor industry. This is due to rising automobile sales in emerging economies, particularly China and India. The APAC automotive AC compressor sector is likely to advance due to improved infrastructure and increased disposable income of the middle-class population. Europe has the second largest share of the automotive AC compressor market, with a revenue of 22%. This is due to the region is headquarters for major automotive OEMs. By 2032, North America is anticipated to account for more than 15% of the automotive AC compressor market. The increased use of automotive AC compressors in this region is linked to a rise in the number of automobiles on the road as well as individual purchasing power in the United States and Canada. “The cost of air conditioning systems has risen due to higher technological advancements in terms of performance and efficiency. During the projected period, this is expected to promote the growth of the automotive AC compressor market.”– FMI Analyst Competition Landscape in the Automotive AC Compressor Market The competition among automobile AC compressor key players is severe. As a result, automotive AC compressor market share is predicted to rise due to the industry's significant technical advancements. Furthermore, the leading players are expanding their spending in research and development (R&D) efforts in order to provide clients with more efficient and cost-effective goods. The key players in the automotive AC compressor market are: Yantai Shougang TD Automotive Compressor Co. Ltd., HELLA KGaA Hueck & Co., Zhajiang Santian A/C compressor Co. Ltd., Toyota Industries, TD Automotive Compressor, Gardner Denver, Delphi PLC., SANDEN USA, Denso Auto Corporation, Michigan Automotive Compressor Inc., General Auto, OMEGA Environmental Technologies, Valeo S.A., Calsonic Kansei Corporation, Mitsubishi Heavy Industries, Highly Marelli Holdings Co. Ltd., Dunair Smiths Manufacturing PTY Ltd., Behr Hella Service GmbH, Keihin Corporation, Continental AG, Robert Bosch GmbH, SANTIAN A/C COMPRESSOR CO. LTD., etc. Recent Developments in the Automotive AC Compressor Market: MAHLE GmbH acquired the air conditioning business from Keihin Corporation in Japan in February 2021, and the four US production facilities and one development centre are currently being incorporated into the MAHLE Group. Marelli Corporation struck an agreement with Shanghai Highly (Group) Co. in September 2020. Highly Marelli Holdings Co., Ltd., to form a joint venture. Ltd., which is expected to focus especially on the electrification of compressors, HVAC equipment, electric-driven compressor (EDC) systems, and other components. Key Segments Profiled in the Automotive AC Compressor Market Survey By Configuration: Scroll Type Compressor Rotary Type Compressor By Vehicle Type: Passenger Cars Light Commercial Vehicle Heavy Commercial Vehicle By Product Type: Fixed Displacement Type Continuous Variable Displacement Type Electrically Operated By Sales Channel: Original Equipment Manufacturer Aftermarket
    Automotive AC Compressor Market - Sample | Future Market Insights
    Get you queries resolved from our expert analysts who will assist with all your research needs and customize the report
    WWW.FUTUREMARKETINSIGHTS.COM
    0 Comments 0 Shares
  • According to ESOMAR-certified Future Market Insights’ (FMI) - Over the forecast period, the global electric vehicle battery housing market size is expected to grow at a rapid CAGR of 31.8%. The market is expected to reach US$ 1,531.1 Mn in 2023. The market is anticipated to reach US$ 24,219.1 Mn by 2033.

    Consumer acceptance of electric car battery housing is increasing, resulting in market expansion. The unexpected increase in demand would stimulate an expansion of capabilities across the whole value chain. The government's tough pollution laws coupled with individuals' growing environmental concerns are expected to drive up demand for battery housing for electric vehicles.

    Owing to the growing market demand for electric cars, manufacturers are concentrating more on developing EV safety features. As the next step in the evolution of electric vehicles, they are also creating battery housing to strengthen EVs and boost range.

    Concerns about climate change and the looming depletion of fossil fuels have pushed efforts to develop better electric vehicle designs. Battery casings for electric cars perform worse than conventional battery enclosures. Additionally, it is more eco-friendly.

    Nonmetallic components provide strong mechanical properties, such as high rigidity and strength while being lightweight. When compared to metallic materials such as aluminum or steel, an electric car battery housing made of non-metallic components can save up to 40% weight.

    There are distinct benefits to adopting an electric vehicle battery housing. To craft the mobility of the future even more capable, electric vehicle makers are rapidly adopting battery housings, which is growing sales of the electric vehicle battery housing.

    Europe is leading the global electric vehicle battery housing market as a result of growing government support for the EV market, despite the fact that electric vehicles are currently expensive. Furthermore, the significant concentration of OEMs in the region encouraged market development.

    Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15892

    KEY TAKEAWAYS

    The UK electric vehicle battery housing market is estimated to grow at a CAGR of 28% over the forecast period.
    The German electric car battery housing market is expected to hold 11.2% of the global market over the forecast period
    During the projection period, the Chinese electric vehicle battery housing market is expected to expand at a CAGR of 26.4% through 2032.
    Japan is expected to hold 1.1% of the global market over the forecast period.
    The Indian electric vehicle battery housing market is expected to have the highest global market share, growing at a CAGR of 42.2%.
    Over the projected period, the US electric vehicle battery housing market is expected to hold 9.3% of the global market.
    COMPETITIVE LANDSCAPE

    Key players operating in the electric vehicle battery housing market are SGL Carbon, Novelis Inc., Nemak S.A.B. de C.V, Constellium SE, Gestamp Automocion, UACJ Corporation, GF Linamar LLC, Hanwha Advanced Materials, Minth, Continental Structural Plastics, Thyssenkrupp AG, TRB Lightweight, Hitachi Metals Ltd., POSCO, Norsk Hydro ASA and other major players.

    These companies have used a variety of techniques to improve their market share for electric vehicle battery housing. To widen their client base and increase revenue, they have used both organic and inorganic growth techniques, such as new product launches, acquisitions, corporate expansions, and collaborations.

    RECENT DEVELOPMENT

    In October 2021, Novelis Inc. revealed the introduction of Generation II of its lightweight electric vehicle (EV) battery enclosure solution for the rapidly growing EV sector.

    In January 2020, Nemak disclosed that it will provide battery housings for the Ford Mustang Mach-E, which will be produced in North America.

    Key Segmentation of the Electric Vehicle Battery Housing Market

    By Material:

    Metallic
    Non-metallic
    By Application:

    Passenger Vehicle
    Commercial Vehicle
    By Cell Format Type:

    Pouch Cell
    Cylindrical Cell
    Prismatic Cell
    According to ESOMAR-certified Future Market Insights’ (FMI) - Over the forecast period, the global electric vehicle battery housing market size is expected to grow at a rapid CAGR of 31.8%. The market is expected to reach US$ 1,531.1 Mn in 2023. The market is anticipated to reach US$ 24,219.1 Mn by 2033. Consumer acceptance of electric car battery housing is increasing, resulting in market expansion. The unexpected increase in demand would stimulate an expansion of capabilities across the whole value chain. The government's tough pollution laws coupled with individuals' growing environmental concerns are expected to drive up demand for battery housing for electric vehicles. Owing to the growing market demand for electric cars, manufacturers are concentrating more on developing EV safety features. As the next step in the evolution of electric vehicles, they are also creating battery housing to strengthen EVs and boost range. Concerns about climate change and the looming depletion of fossil fuels have pushed efforts to develop better electric vehicle designs. Battery casings for electric cars perform worse than conventional battery enclosures. Additionally, it is more eco-friendly. Nonmetallic components provide strong mechanical properties, such as high rigidity and strength while being lightweight. When compared to metallic materials such as aluminum or steel, an electric car battery housing made of non-metallic components can save up to 40% weight. There are distinct benefits to adopting an electric vehicle battery housing. To craft the mobility of the future even more capable, electric vehicle makers are rapidly adopting battery housings, which is growing sales of the electric vehicle battery housing. Europe is leading the global electric vehicle battery housing market as a result of growing government support for the EV market, despite the fact that electric vehicles are currently expensive. Furthermore, the significant concentration of OEMs in the region encouraged market development. Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15892 KEY TAKEAWAYS The UK electric vehicle battery housing market is estimated to grow at a CAGR of 28% over the forecast period. The German electric car battery housing market is expected to hold 11.2% of the global market over the forecast period During the projection period, the Chinese electric vehicle battery housing market is expected to expand at a CAGR of 26.4% through 2032. Japan is expected to hold 1.1% of the global market over the forecast period. The Indian electric vehicle battery housing market is expected to have the highest global market share, growing at a CAGR of 42.2%. Over the projected period, the US electric vehicle battery housing market is expected to hold 9.3% of the global market. COMPETITIVE LANDSCAPE Key players operating in the electric vehicle battery housing market are SGL Carbon, Novelis Inc., Nemak S.A.B. de C.V, Constellium SE, Gestamp Automocion, UACJ Corporation, GF Linamar LLC, Hanwha Advanced Materials, Minth, Continental Structural Plastics, Thyssenkrupp AG, TRB Lightweight, Hitachi Metals Ltd., POSCO, Norsk Hydro ASA and other major players. These companies have used a variety of techniques to improve their market share for electric vehicle battery housing. To widen their client base and increase revenue, they have used both organic and inorganic growth techniques, such as new product launches, acquisitions, corporate expansions, and collaborations. RECENT DEVELOPMENT In October 2021, Novelis Inc. revealed the introduction of Generation II of its lightweight electric vehicle (EV) battery enclosure solution for the rapidly growing EV sector. In January 2020, Nemak disclosed that it will provide battery housings for the Ford Mustang Mach-E, which will be produced in North America. Key Segmentation of the Electric Vehicle Battery Housing Market By Material: Metallic Non-metallic By Application: Passenger Vehicle Commercial Vehicle By Cell Format Type: Pouch Cell Cylindrical Cell Prismatic Cell
    Electric Vehicle Battery Housing Market - Sample | Future Market Insights
    Get you queries resolved from our expert analysts who will assist with all your research needs and customize the report
    WWW.FUTUREMARKETINSIGHTS.COM
    0 Comments 0 Shares
  • As per the reports published by FMI, the global automotive OEM market share is projected to have an average-paced CAGR of 4.17% during the forecast period. The current valuation of the market is US$ 35.16 Billion in 2023. The market value of the automotive OEM market is anticipated to surpass a market valuation of US$ 52.90 Billion by the year 2033. A historical market valuation of US$ 32.4 Billion has been recorded by the analysts of Future Market Insights for the concerned market during the base year.

    It is analyzed by the experts that demand for a large number of commercial and passenger vehicles is a major contributor to the expanding market size of automotive OEMs. Consumers are becoming more aware of their safety while traveling and this aspect is fueling the demand for automotive OEM products in 2023. There are several technological advances made by manufacturers to gain an upper hand in the market.

    The rise in disposable income across developing economies is resulting in increased spending on personal vehicles, simultaneously fueling the market growth of automotive OEMs. However, the high cost of automotive OEM products is a crucial factor impeding the growth of the industry. Furthermore, the prevalence of counterfeit automotive OEM products is estimated to challenge the expansion of the market through 2033.

    Key Takeaways from the Automotive OEM Market

    The automotive OEM market is estimated to surpass a valuation of US$ 52.90 Billion by the end of the projection period.
    An approximate surge of US$ 2.76 Billion has been witnessed from the base year to the current year in the automotive OEM market.
    The commercial vehicle type segment is projected to advance at a CAGR of 6.8% through the forecast period.
    The powertrain segment by component type category is likely to dominate the automotive OEM market, with a market valuation surpassing US$ 439.67 Billion by 2033.
    The United States automotive OEM market is projected to advance at a moderate pace registering a CAGR of 6.6% during 2023-2033.
    “Demand and production of high-performance cars are projected to curate lucrative growth prospects for advancement of the industry through the foreseen years.” – Says an FMI Analyst.

    Competitive Landscape in the Automotive OEM Market

    Due to the existence of numerous international and regional companies, the market for automotive OEMs is very competitive. To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world. Therefore, the market is projected to register significant growth through the forecast period.

    Some of the top global automotive oem companies are:

    Toyota Motor Corporation.
    Volkswagen AG.
    Nissan.
    Honda Motor Co.
    Magna International Inc.
    Continental AG.
    CIE automotive.
    Siemens.
    BMW AG.
    Exide Industries limited.
    Denso Corp.
    Robert Bosch, GMbH.
    Valeo
    Aptiv
    Ford Motor Company.
    Mitsubishi Motors Corp.
    Recent Developments

    Recently, the 3M collision repair application was launched by the 3M company, which is an application tool for mobiles. It is identified to help with the expert technical support provided by the shop technicians and the personnel for distributor sales.
    In July 2021, MasterBeat Corporation announced that its JTEC Autoworld launched the Amazon retail segment of its online automotive parts platform. JTEC has a plan of utilizing Amazon and several other e-commerce platforms for accelerating the sales and marketing of automotive OEM products.
    Two Indian Companies, Mahindra and Mahindra Tata Motors have increased their market share by about 5% in the Indian market, one in every five cars is made by these Indian OEMs, which are sold in India.
    Key Segments in the Automotive OEM Market

    By Components:

    Powertrain
    Chassis
    Electronics and Electrical
    External Body
    Car Interiors
    By Vehicle Type:

    Commercial vehicles
    Passenger cars
    Electric cars
    By Distribution Channel:

    Retailers
    Wholesalers
    Distributors
    As per the reports published by FMI, the global automotive OEM market share is projected to have an average-paced CAGR of 4.17% during the forecast period. The current valuation of the market is US$ 35.16 Billion in 2023. The market value of the automotive OEM market is anticipated to surpass a market valuation of US$ 52.90 Billion by the year 2033. A historical market valuation of US$ 32.4 Billion has been recorded by the analysts of Future Market Insights for the concerned market during the base year. It is analyzed by the experts that demand for a large number of commercial and passenger vehicles is a major contributor to the expanding market size of automotive OEMs. Consumers are becoming more aware of their safety while traveling and this aspect is fueling the demand for automotive OEM products in 2023. There are several technological advances made by manufacturers to gain an upper hand in the market. The rise in disposable income across developing economies is resulting in increased spending on personal vehicles, simultaneously fueling the market growth of automotive OEMs. However, the high cost of automotive OEM products is a crucial factor impeding the growth of the industry. Furthermore, the prevalence of counterfeit automotive OEM products is estimated to challenge the expansion of the market through 2033. Key Takeaways from the Automotive OEM Market The automotive OEM market is estimated to surpass a valuation of US$ 52.90 Billion by the end of the projection period. An approximate surge of US$ 2.76 Billion has been witnessed from the base year to the current year in the automotive OEM market. The commercial vehicle type segment is projected to advance at a CAGR of 6.8% through the forecast period. The powertrain segment by component type category is likely to dominate the automotive OEM market, with a market valuation surpassing US$ 439.67 Billion by 2033. The United States automotive OEM market is projected to advance at a moderate pace registering a CAGR of 6.6% during 2023-2033. “Demand and production of high-performance cars are projected to curate lucrative growth prospects for advancement of the industry through the foreseen years.” – Says an FMI Analyst. Competitive Landscape in the Automotive OEM Market Due to the existence of numerous international and regional companies, the market for automotive OEMs is very competitive. To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world. Therefore, the market is projected to register significant growth through the forecast period. Some of the top global automotive oem companies are: Toyota Motor Corporation. Volkswagen AG. Nissan. Honda Motor Co. Magna International Inc. Continental AG. CIE automotive. Siemens. BMW AG. Exide Industries limited. Denso Corp. Robert Bosch, GMbH. Valeo Aptiv Ford Motor Company. Mitsubishi Motors Corp. Recent Developments Recently, the 3M collision repair application was launched by the 3M company, which is an application tool for mobiles. It is identified to help with the expert technical support provided by the shop technicians and the personnel for distributor sales. In July 2021, MasterBeat Corporation announced that its JTEC Autoworld launched the Amazon retail segment of its online automotive parts platform. JTEC has a plan of utilizing Amazon and several other e-commerce platforms for accelerating the sales and marketing of automotive OEM products. Two Indian Companies, Mahindra and Mahindra Tata Motors have increased their market share by about 5% in the Indian market, one in every five cars is made by these Indian OEMs, which are sold in India. Key Segments in the Automotive OEM Market By Components: Powertrain Chassis Electronics and Electrical External Body Car Interiors By Vehicle Type: Commercial vehicles Passenger cars Electric cars By Distribution Channel: Retailers Wholesalers Distributors
    0 Comments 0 Shares
More Stories