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Automotive Market Forecasts
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Rear Spoiler Market is Expected to Increase Owing to Surging Demand with USD 7.30 billion by 2025
Apr 05, 2021: The Global Rear Spoiler Market is anticipated to reach USD 7.30 billion by 2025 with the contribution of growing demand for the SUVs and MPVs from the young generation. A Rear Spoiler is an automotive aerodynamic device that helps in spoiling the opposing air movement across the body of the vehicle. The spoilers present on the front of the cars are called as air dams that are essential for the engine cooling and high speed stability.
A spoiler is an automotive aerodynamic device whose intended design function is to 'spoil' unfavorable air movement across a body of a vehicle in motion, usually described as turbulence or drag. Spoilers on the front of a vehicle are often called air dams. Spoilers are often fitted to race and high-performance sports cars, although they have become common on passenger vehicles as well. Some spoilers are added to cars primarily for styling purposes and have either little aerodynamic benefit or even make the aerodynamics worse.
Some spoilers are fitted on the cars just for designing purpose or for improved aerodynamics. A rear spoiler supports in increasing the efficiency and decreasing the drag. The spoilers improve the traction capability of a car, improve the visibility of the car and reduce the weight of the car, technically. The Rear Spoiler Market is predicted to grow considerable at CAGR of 7.9% primarily owing to the manufacturing of plastic spoilers.
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At present, several cars are well-furnished with Rear Spoilers to improve the fuel efficiency and reduce the rate of accidents. Most customers install the rear spoilers for designing purpose, which is a reason for increased demand. The bulk manufacturing of composite materials is anticipated to diminish the cost of raw materials in near future. This will ultimately reduce the overall cost of rear spoilers and produce a higher demand over the years.
The term "spoiler" is often mistakenly used interchangeably with "wing". An automotive wing is a device whose intended design is to generate downforce as air passes around it, not simply disrupt existing airflow patterns. As such, rather than decreasing drag, automotive wings actually increase drag.
The rising demand from SUVs (sports utility vehicles) and high-speed vehicles is expected to support the rear spoiler industry growth significantly. The carbon fiber, which is mostly used in the manufacturing of rear spoilers is preferred by the aftermarket since the customization is carried out by the independent service providers. The rear spoiler also possesses features like high strength, durability, improved finishing and appearance and lightless.
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The Internal Combustion Engine is projected to dominate the rear spoiler industry in the near future. Maintaining the balance of the car at higher speeds and providing aerodynamic features are among the major advantages to manufacture Internal Combustion Engines. This will further support the rear spoiler from the automobile sector. The rear spoilers manufactured from the hybrid segment is predicted to contribute the CAGR impressively over the years. Such a penetrating of hybrid vehicles from the different parts of the world economies will boost the market growth. Depending on the vehicle segment, the hatchback segment is expected to dominate the market due to compact size and rates.
The hiked prices of the rear spoiler along with environmental concerns are majorly driving the automotive producers to develop fuel efficient cars with low emissions. Owing to the recent years, the fuel efficiency need is progressively rising in the automotive industry. Due to this reason, the extensive research is experiencing the development of aerodynamically improved vehicle designs. Hence, the demand for this improved product is expected to contribute largely to the rear spoiler market. Nevertheless, the rear spoiler installation and maintenance are very costly which may restrict the market growth in the coming years. The rear spoiler providers many a times offer suitable devices at reasonable rates and with after sale services for gaining customer confidence.
The rear spoiler industry is categorized on the grounds of vehicle type, material type, sales channel, technology, fuel, design and region. On the grounds of vehicle type, the market is divided into Hatchback, SUV and MPV. On the grounds of material type, the industry is divided into ABC Plastic, Fiber Glass, Silicon and Carbon Fiber. On the grounds of sales channel, the market is divided into OEM and After Market. On the grounds of technology, the rear spoiler market is divided into Blow, Injection and Reaction Injection Molding. On the grounds of fuel, the industry is divided into ICE and BEV. On the grounds of design, the market is divided into Strips and Free Standing Wing.
Some of the prominent rear spoiler industry participants are across the globe are Jiangnan Mould and Plastic Technology Co., Ltd. Albar Industries Inc., SMP Automotive,P.U. Tech Spoiler, Polytec Group, Thai Rung Union Car Plc., Rehau Ltd., Inoac Corporation, Plastic Omnium, SRG Global, AP PlasmanInc and Magna International.
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Advanced Driver Assistance Systems Market is Projected to Influence the Overall Manufacturing in the Forecast Period USD 67.43 billion by 2025
Apr 01, 2021: Advanced Driver Assistance Systems (ADAS) Market is expected to reach USD 67.43 billion by 2025. Advance Driver Assistance Systems (ADAS) implies a set of systems used in vehicles to offer a comfortable and an intelligent driving involvement. Rise in demand for progressive system as night vision, road sign recognition, drowsiness system is projected to influence the overall manufacturing in the forecast period. The Advanced Driver Assistance Systems market size is expected to grow at a 19.0% CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Advanced driver-assistance systems (ADAS) are electronic systems that assist drivers in driving and parking functions. Through a safe human-machine interface, ADAS increase car and road safety. ADAS systems use automated technology, such as sensors and cameras, to detect nearby obstacles or driver errors, and respond accordingly.Most road accidents occur due to human error. Advanced driver-assistance systems are systems developed to automate, adapt, and enhance vehicle systems for safety and better driving. ADAS’s automated systems are proven to reduce road fatalities by minimizing human error.
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The demand for old-style ADAS system as autonomous emergency braking, adaptive cruise control system is projected to develop exponentially due to stringent rules to improve road safety and decrease in road accidents. In addition, the factors propelling the market include impending need for comfort, growing focus on consumer safety, and increase in governments’ rules that ensure the security of the ADAS market development. On the other hand, the lack of consciousness among medium and low-end customers, high cost of installation concerning the functionality and importance of these organizations in improving driver safety could restrain the Advanced Driver Assistance Systems (ADAS) development of late.
Advanced Driver Assistance Systems (ADAS) Market size may be explored by solution type, component type, interior design, and geography. Advanced Driver Assistance Systems (ADAS) may be explored by solution type as Autonomous Emergency Braking, Park assistance, Adaptive Front Lights, Blind Spot Detection System, Adaptive Cruise Control, Tire Pressure Monitoring System, Lane Departure Warning System, Others.
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The Tire Pressure Monitoring System segment is estimated to rule the Advanced Driver Assistance Systems market in 2018; due to its low cost, which permits aftermarket acceptance by medium and small car owners. Furthermore, Tire Pressure Monitoring system is followed by adaptive cruise control and anticipated to grow at a highest CAGR of 19.0% over the forthcoming period, due to stringent government rules for required fixture in cars manufactured in Europe and U.S.
Advanced Driver Assistance Systems (ADAS) may be explored by component type as Sensors, (Radar, Ultrasonic, LiDAR, Others), Processor, Software, Others. ADAS relies on sensors and their accuracy. Numerous sensors as LIDAR, RADAR, ultrasonic, and camera sensors operate together in direction to achieve desired assistance and safety function. Among various sensor categories, Lidar sensors are anticipated to increase high traction due to its crucial position in mechanization of vehicles.
In addition, the ADAS processors are expected to witness high development over the forecast period. The development can be ascribed to the composite procedures of the ADAS functionality. Corporations such as Intel company are working on the ECU alliance in order to lessen the amount of ECU mainly used for each purpose distinctly. Advanced Driver Assistance Systems (ADAS) may be explored by Interior design as Commercial vehicle, Passenger car, Heavy commercial vehicle, Light commercial vehicle.
Some of the key players that fuel the growth of the Advanced Driver Assistance Systems (ADAS) Industry size include Renesas Electronics Corporation, Magna International Inc., Autoliv Inc., Robert Bosch GmbH, Texas Instruments, Valeo, Denso Corporation, Panasonic Corporation, NXP Semiconductor, and Continental AG. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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Automotive Battery Market is Estimated to Grow at Fastest Pace in USD 95.57 billion by 2025
Mar 31, 2021: Global Automotive Battery Market is expected to reach USD 95.57 billion by 2025 as the scope and its applications are rising enormously across the globe. Automotive Battery is a termed as a rechargeable battery that supplies electrical current to a motor vehicle to start an engine. Alternator supply power for the cars electrical system. The automotive battery industry is expected to grow at a CAGR of 7.9% in the forecast period.
There are various types of batteries like nickel cadmium, lead acid battery, lithium ion, and others could be explored in Automotive Battery in the foremost period. Lead acid battery may be sealed and flooded. Lead-acid battery sector accounted for the largest market share and is estimated to lead the overall market in the coming years. These are efficient of high discharge rate, effortless in manufacturing, higher starting capability, and nominal maintenance. Lithium-ion (Li-ion) batteries are commonly used rechargeable batteries with double the energy density of Nickel-Cadmium batteries and superior constancy and security. Lithium (Li) is the lightest of all metals, has the maximum electrochemical potential, and offers the high energy density for weight.
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Rising number of the electric cars on the road, high investment in research and development sector, and rising government initiative to reduce carbon emission are documented as major factors of Automotive Battery Market that are estimated to enhance the growth in the years to come. Also, vast growth in automotive sector, rising consumer preference for pollution free cars, and high demand from developing countries are another factors estimated to grow in coming years. Automotive Battery Market is segmented based on vehicle type, battery type, and region.
The key players of Automotive Battery Market are GS Yuasa Corporation, A123 Systems, Exide Technologies, BYD Co. Ltd., EnerSys, and East Penn Manufacturing Company. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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Commercial vehicles, passenger vehicles, two wheelers, electric vehicles, and others are the vehicle types that could be explored in Automotive Battery in the future period. Commercial vehicles may be heavy commercial vehicles and light commercial vehicles. Passenger vehicle sector accounted for the largest market share of Automotive Battery and is estimated to lead the overall market in the coming years. Electric vehicles include plug-in hybrid electric vehicle (PHEV) and battery electric vehicle (BEV). In 2016, China sold more than 40% of the total electric cars. However, the electric vehicle sector is estimated to grow at fastest pace in the coming years.
Globally, Asia Pacific accounted for the largest market share and is estimated to lead the market in the coming years. Also, estimated to grow at highest CAGR of 9.2% in the years to come. This may be because of high demand in developing countries, high sale if motorcycles, commercial cars, and passenger cars, and production of enhanced and cost-efficient vehicles. The developing countries like India and China are the major consumers of Automotive Battery in this region.
However, in 2016, North America led the market. This may because or presence of key manufacturers in the region and rising demand for electric vehicles in Mexico and the United States. The United States is a major consumer of Automotive Battery in the region, a government initiative to reduce carbon emission by manufacturing eco-friendly products. Instead, Europe is also estimated to have a positive influence on the future growth.
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At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
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Automotive Lithium-Ion Battery Market is Classified into Consumer Electronics, Automotive, Grid Energy & Industrial 2025
Mar 22, 2021: Increasing awareness regarding the advantages of Electric Vehicles (EVs) backed by favorable government initiatives is anticipated to drive the global automotive lithium-ion battery market over the forecast period. Rising need for high power and high energy density along with excellent safety performance along with minimum self-discharge and low maintenance capabilities are stimulating growth in industry. Escalated adoption of Li-ion batteries in hybrid electric vehicles is driving industry growth. Automotive Li-ion batteries provide higher efficiency than traditional Lead batteries. Additionally, Li-ion batteries are perceived as green alternatives to lead and Absorbed Glass Mat (AGM) batteries. High endurance feature makes these batteries apt for high drain devices and automobiles.
Li-ion batteries are relatively lighter in weight and more compact than conventional batteries. Employing the battery with slim laminated structure and fewer parts has amplified its flexibility, making its installation easier than its counterparts. Automobile industry is increasingly adopting Li-ion batteries as it is the most promising and fastest growing battery chemistry.
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Light weight and high electrochemical potential of Lithium metal can be attributed as a major reason for increased adoption of Li-ion batteries in automobiles Automotive Li-ion batteries are experiencing an upsurge in demand owing to capabilities such as prolonged battery life, low maintenance and low self-discharge rate than the usual nickel-cadmium car batteries. Li-ion batteries are swiftly replacing lead-acid batteries as these batteries are well suited for contemporary fuel gauge applications. Additionally, Li-ion batteries offer greater safety to automobile users than the potentially hazardous lead-acid batteries.
The global automotive Li-ion batteries market can be segmented on the basis of applications into Starting Lighting Ignition (SLI), Idle Stop, and Hybrid & electric vehicles. The Hybrid and electric vehicles segment is anticipated to witness high growth owing to escalating demand for Li-ion batteries in Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs) and Hybrid Electric Vehicles (HEVs). Lithium-ion batteries are relatively expensive; however, with appropriate price modeling the SLI segment is projected to witness high growth. Enhanced battery performance and dynamics are anticipated to propel the demand in Idle Stop segment. Automotive batteries are a common source of problems for users in cold regions. Automobile failures owing to frozen electrolyte have created a high demand for Li-ion batteries. These batteries are designed to operate well in freezing temperatures as low as -40°F. Low temperature operability has made these batteries highly desirable in cold regions of North America and Europe.
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Countries from the European Union have stressed on the need of creating a sustainable environment and are formulating and implementing strategies to minimizing the carbon footprint. Stringent rules and regulations in countries such as Germany and the UK are instrumental in increasing the demand for automotive Li-ion batteries. Strong presence of automobile manufacturers, focusing on safe and environment friendly batteries are expected to impel growth in the industry. Robust upstream supply chain for Li-ion battery production and commercialization is driving the industry growth in Asia Pacific regional market. Governments in Japan, China and Korea are supporting market vendors to meet the aggressive goals for domestic production of Li-ion batteries through tax rebates and other investment incentives to encourage the adoption of EVs amongst consumers.
Japan’s Lithium-ion cluster is projected to grow owing to sustained investments in Li-ion technology. The Japanese government is undertaking initiatives to boost private sector investments with R&D funding and low cost capital for establishing manufacturing plants. However, lack of awareness among underdeveloped countries may hinder the industry growth. Operational issues such as voltage drop and shorter shelf life are further anticipated to drive down the growth opportunities. Moreover, recycling of these batteries is highly complicated owing to Lithium’s property of being inherently unstable. Thermal runaway and venting may cause fires, making them less desirable. Key recharged vendors dominating the automotive lithium-ion battery market are A123 Systems LLC, Automotive Energy Supply Corporation, Boston-Power Inc., BYD Auto Co Ltd., E-One Moli Energy Corp., Johnson Controls Inc., LG Chem Ltd., Lithium Energy Japan Corporation, Panasonic Corporation, Robert Bosch GmbH, and Samsung SDI Co.
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Phone: 1-408-610-2300
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Agriculture & Farm Equipment Market Demand for Food is Expected to be a Key Factor driving at 2025
Mar 18, 2021: Automotive and Transport
The global agricultural equipment market was estimated at $124.2 billion in 2015. Agricultural equipment or machinery are the tools used in various processes of farming, such as planting, threshing, agriculture product processing, harvesting. New agricultural equipment is replacing the traditional tools owing to improved productivity and enhanced quality of the crop.
The need of food is growing at a faster rate as the population is increasing, so the demand for new agricultural equipment is growing to match the requirement of food.
Innovative technologies in the agriculture are increasing the quality & production per square feet for the agricultural products. Manufacturers are focusing on integrating various new technologies such as robotic systems, Google Earth and GPS into existing machinery for tracking productivity and improving it. The government also encourages the use of farming equipment by proving subsidies and offering lower rates to the farmers in emerging countries like India and China to adopt agricultural equipment.
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Equipment Market
On the basis of Product: Tractors dominate the product category and is estimated to account over 20% of total revenue in 2015 after harvesters. Tractors are the most efficient and effective equipment in the agricultural sector as they can perform several activities in the process of farming. Harvesters are expected to grow at a CAGR of 5% through 2014-25.
Other product segment includes thrasher, combine harvester, rotavator, Zero Till Seed Drill, Power Tiller, Multi Crop Planter, Drip Irrigation, Sprinkler Irrigation, Power Weeder, Power Spray.
On The basis of Application: The products are divided as per the processes in farming such as Sowing & Planting Equipment, Land Development/Seed Bed Preparation/Tillage Equipment, Plant Protection Equipment, Water Inter Cultivation equipment, Agro Processing and Harvesting & Threshing.
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Threshing and Harvesting expect the fast growth of a CAGR over 6% through the forecast period. Land Development/Seed Bed Preparation/Tillage contributed over 15% of the global revenue in 2015. Agriculture is labor intensive, and the scarcity of farm labor will be the key fueling factor to the increasing demand for agricultural equipment.
Regional Insights
North America Dominated the Agriculture equipment market in 2015. The driving factors behind the most usage of agriculture equipment are the scarcity of labor, improved features and fuel efficiency of the machinery and demand for the food. However, North America and Europe are expected to show moderate growth over the period. The Asia Pacific region is projected to be fastest growing market during the forecasted period owing to India and China are emerging as the fastest growing market. China dominates the region by contributing over 20% of the regional revenue share in 2015. Developing countries are showing strong economic growth, such as India, Middle Eastern countries and China, which will further fuel the growth of the agricultural equipment industry.
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Global Headquarters
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Phone: 1-408-610-2300
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U.S. Automotive Coolant Market is Increasing and Leading to Increased Demand with USD 1.23 billion by 2024
Mar 02, 2021: The U.S. Automotive Coolant Market was appreciated at US$ 611.8 million in the year 2015 and is expected to reach USD 1.23 billion by 2024. It is estimated to develop at a substantial CAGR for the duration of the prediction. Growing automotive aftermarket and increasing alertness of the end users regarding the maintenance of the automobile and the efficiency of the engine, are amongst the pivotal issues for the progress of the business.
Growing demand for the fuel effective cars is expected to be a vital cause for the progress of the market. The coolants are better known as antifreeze mediators. They deliver possessions such as non-toxic, chemically inactive, anti-eroding, low-slung viscidness and greater thermal capability; that mark it appropriate for a number of Heating, Ventilation, and Air-conditioning [HVAC] uses.
The Automotive Coolant on the source of Type of End Use could span Two Wheelers, Passenger Car, Commercial Vehicles. The financial regaining in the U.S.A.post the stagnation of 2009 has prompted trade & financial actions in the area to foster the better demand for commercial transport.
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The growth of the online retail segment [E-commerce] and the following demand for dependable cargo & properties transference are the most important features motivating the progress of the subdivision. Commercial vehicles are expected to raise by more than a CAGR of 8.6% above the prediction period and inhabit the market stake of nearby 54% by the completion of the prediction period.
The sales of the passenger car have likewise augmented in the latest years. The market is comparatively established. It offers restricted opportunity for the development. The subdivision of two-wheelers, likewise presents a slighter sector for the automotive coolants, because the pauses for oil drain in such type of automobiles are lesser as compared to that of four-wheelers.
The U.S. Automotive Coolant on the source of Type of Delivery Network could span Automotive Aftermarket, OEM. Increasing time-span of automobiles together with growing per head earnings is the important aspect motivating delivery through the aftermarket. The manufacturing companies hardly accept the accountability for the refilling of the coolant after the purchase of the automobile. This has directed to greater demand from the aftermarket, everywhere the vehicles frequently added with coolants in the course of servicing.
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The subdivision was responsible for nearby 72% stake of the entire capacity of the market during the year 2015.Itisprojected to develop at a CAGR of beyond 8% for the duration of prediction. Additionally, strict rules of Corporate Average Fuel Economy [CAFÉ] in the U.S.A. are costly for OEMs to meet the terms with, which tips to necessities in better size to pay back growing prices. These issues are expected to limit the progress in the subdivision of OEM; thereby offering profitable openings to providers of aftermarket.
The U.S. Automotive Coolant on the source of Type of Technology could span Hybrid Organic Acid Technology, Inorganic Acid Technology [IAT], Organic Acid Technology [OAT]. The subdivision of Organic Acid Technology [OAT] was responsible for a stake of more than 49% of the international capacity during the year 2015. Greater demand for coolants is centered on negligibly; reducing carboxylate technology such as alternates for conservative antifreeze constructed on amines, phosphates, nitrates, and silicates.
Conservatively, antifreeze mediators are located on Inorganic Acid Technology [IAT]; which proposes greater safety to engines of automobile counter to cavitation, boil overs, and lining pitting. Yet, these merchandises have misplaced approval to Organic Acid Technology [OAT] coolants in latest years because of their greater prices and the efforts required for the maintenance.
The U.S. Automotive Coolant market on the source of Type of Product could span Glycerin, Ethylene Glycol, Propylene Glycol. The subdivision of Propylene Glycol [PG] arose by way of the leading product in latest years; substituting Ethylene Glycol [EG] as the preferred antifreeze in the U.S.A. Propylene Glycol [PG] takes several rewards for example low-slung price, non-toxicity and greater compatibility as equated to the conservative Ethylene Glycol [EG] product, heading to a growth in transactions in fresh years.
The statement revises Trades in terms of intake of U.S. Automotive Coolant in the market. Some of the important companies, operating in the field are Sinclair Oil Corporation, Lukoil, Ashland Corporation, Kost USA, Sinopec, ExxonMobil Corporation, Petronas, British Petroleum PLC., Motul, Total S.A, Chevron Philips Corporation and Royal Dutch Shell.
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Small Arms Light Weapons Market Survey Estimates that Their Annual Authorized Trade Exceeds USD 25.76 billion by 2024
Mar 02, 2021: The global small arms light weapons (SALW) market is expected to value at USD 25.76 billion by 2024. The market is subject to witness a substantial growth due to the growing concerns related to human rights, safety, and security. Increase in the number of intense crimes and increasing demand from defense &military sector are expected to drive the market growth of small arms light weapons. Globally, the small arms light weapons industry is predicted to grow at higher CAGR in the forecast period, providing numerous opportunities for market players to invest for research and development in the market.
However, several environmental and government protocols, reduction in defense expenses by developed countries due to numerous peace initiatives and challenges from many human rights protestors are key factors obstructing the market progress. Factors responsible for sustained market growth for small arms light weapons market include prevalence of domestic violence, organized crimes, and drugs trafficking.
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The small arms light weapons (SALW) industry is classifies into two types based on product type such as small arms and light weapons. The small arms market is further sub-categorized into pistols, rifles, revolvers, shotguns, and man-portable machine guns. Small arms are particularly manufactured for the individual use, while light weapons are designed such that more than one person can operate these weapons. Some of the light weapons include landmines, mortars, grenades launchers, rocket launchers, rocket-propelled grenades, anti-tank weapons, and anti-aircrafts. Other factors such as increasing investment for research and development for advanced small & light weaponry sector, and rising defense expenses of developing countries, are advancing the market progress.
The SALW market is broadly categorized into two major segments based on the application type such as military & defense sector, and law enforcement. The military & defense sector is considered as one of the fastest growing segment in the with substantial revenue generation in the last few years. Growing popularity of small arms light weapons (SALW) in the military & defense segment is attributed to the increasing cross-border tensions between countries, political instability and increasing threat from several terrorist outfits. The law enforcement segment has also witnessed substantial growth owing to the prevalence of domestic violence, organized crimes, and drugs trafficking.
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The small arms light weapons (SALW) industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in defense sector, increase in the number of research & development activities in the region and existence of well-established manufacturing infrastructure.
Asia-Pacific region is predicted to hold major market share in the small arms light weapons (SALW) market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with growing terrorist activities in the region, rising defense expenditure, growing concerns related to human rights, safety and security, and significant investment by leading industry players considering potential growth opportunities in the region.
The key players in the SALW industry are GLOCK GmbH., FN Herstel S.A., Berette S.p.A., Colt’s Manufacturing Company LLC, Lockheed Martin Co., Raytheon, Inc., General Dynamics Co., Smith & Wesson Holding Co., SIG Sauer & Co., and Carl Walther GmbH.
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Pneumatic Tire Market is Expected to Augment Industry Growth Over the USD 334.5 billion by 2022
Feb 18, 2021: Global Pneumatic Tire Market is expected to reach USD 334.5 billion by 2022. A pneumatic tire is also termed as air-filled tire, which is made of an airtight inner core filled with pressurized air. It may absorb the unevenness of terrain from impacts and cushion the load. The Pneumatic Tire Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.
Changing lifestyle, rapid economic growth, growth in high spending by customers, government initiative, and enhancing road infrastructure are documented as major factors of Pneumatic Tire Market that are estimated to enhance the growth in the years to come. However, strict policy against use of pneumatic tires and their disposal are the key factors that may restrain overall market growth in the coming years. Pneumatic Tire Market is segmented based on vehicle type, product type, and region.
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Aircraft, two wheelers, four wheelers, and other vehicle types could be explored in Pneumatic Tire in the forecast period. Four-wheeler comprises commercial vehicles and passenger vehicles. On the other hand, two-wheeler comprises motorcycle, and bicycle. Others may comprise off-road vehicles, industrial vehicles, and agricultural vehicles. Four-wheelers sector accounted for the substantial market share of Pneumatic Tire and is estimated to lead the overall sector in the coming years. Also, aircraft sector is estimated to grow at fastest pace with a significant CAGR in the coming years.
Cross-ply tires, radial tires, and other product types could be explored in Pneumatic Tire in the forecast period. Radial tires sector accounted for the substantial market share of Pneumatic Tire and is estimated to continue its dominance in the coming years. this may be because of high demand in agricultural industries as it has several benefits like smooth ride, long tire life, excellent traction, and resistant to cuts, tears, and punctures.
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Globally, Asia Pacific accounted for the substantial market share of Pneumatic Tire and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be presence of key manufacturers in the region, growth in R&D investment for development of novel automotive types, and growing demand for pneumatic tires in emerging countries. The developing countries like India and China are the major consumers of Pneumatic Tire in the region.
Instead, North America and Europe are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, North America is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise key industries, which are technologically enhanced and innovative like General Motor Co., and Ford Motors Co. the United States is a major consumer of Pneumatic Tire in the region.
The key players of Pneumatic Tire Market are Kumho Tire Co., Inc., Michelin, Pirelli & C.S.p.A, Continental AG, Sumitomo Rubber Industries, Bridgestone, Yokohama, Cooper Tire & Rubber Company, and Hankook Tire. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
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North America Automotive Air Filter Market is Also Estimated to Have a Positive Influence on the Future Growth of USD 1.6 billion by 2024
Feb 12, 2021: North America Automotive Air Filter Market is expected to reach USD 1.6 billion by 2024. An automotive air filters are the constituent mainly used to remove impurities and particulate matter from air by improving the service life of engine components and engines. In an automotive intake system, the air filter is in front of the throttle body and mass airflow sensor. The North America Automotive Air Filter Market is estimated to grow at a significant CAGR of 8.8% over the forecast period as the scope and its applications are rising enormously across the globe.
Growing automotive industry, growth in purchasing power of customers, and advancement in emission control system are documented as major factors of North America Automotive Air Filter Market that are estimated to enhance the growth in the years to come. However, growing number of electric vehicles and maintenance and regular replacement of filters are the factors that may restrain overall market growth in the coming years. North America Automotive Air Filter Industry is segmented based on product type, filter media, material types, application, distribution channels, and region.
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Cabin Air Filter and Regular Engine Air Filter are the product types that could be explored in North America Automotive Air Filter in the forecast period. Regular engine air filters sector accounted for the substantial market share of North America Automotive Air Filter in the forecast period. Intake air filters plays important role in catching unwanted particles and dust from entering the car engines. Engine air filters are an essential share of intake systems as they are accountable for providing particulate-free, filtered air to the engine. However, cabin air filters are accountable for eliminating contaminants like pollen and other allergens from air that enters the passenger section.
Particle, synthetic, activated carbon, cellulose, and other filtering media could be explored in North America Automotive Air Filter in the forecast period. Stainless steel, paper air filter, mesh, cotton gauze air filter, and foam air filter are the material types that could be explored in North America Automotive Air Filter in the forecast period. The market may be categorized based on applications like two wheelers, passenger car, commercial vehicles that could be explored in the forecast period. Commercial sector accounted for the substantial market share of North America Automotive Air Filter and is estimated to lead the overall market in the coming years. This may be because; average of commercial vehicles is high in comparison to passenger vehicles and growing popularity of light commercial vehicles like mini trucks among customers.
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Aftermarket and OEM are the distribution channels that could be explored in North America Automotive Air Filter in the forecast period. The aftermarket sector accounted for the substantial market share of North America Automotive Air Filter and is estimated to lead the overall market in the coming years. In addition, the sector is estimated to grow at highest CAGR of over 9.2% in the coming years.
Globally, the United States and Canada are the major consumers of North America Automotive Air Filter in the region. The United States accounted for the substantial market share of North America Automotive Air Filter and is estimated to lead the overall market in the coming years. Also, the sector is estimated to grow at significant CAGR in the years to come. The reason behind the overall market growth could be strict government policy regarding the emission control and high demand for fuel-efficient vehicles.
Instead, Canada is also estimated to have a positive influence on the future growth. Canada is the second largest region with significant market share. The Canadian market is led by commercial vehicle sector and presence of key manufacturers. The key players of North America Automotive Air Filter Market are Siam Filter Products Ltd., SogefiSpA, ALCO Filters Ltd., MAHLE GmbH, Luman Automotive Systems Pvt. Ltd., A.L. Filter, FiltrakBrandT GmbH, Robert Bosch, and Donaldson Company, Inc. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
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Rolling Stock Market Is Owing to high Speed and Enhanced USD 75.12 billion by 2025
Feb 05, 2021: Global Rolling Stock Market size is expected to reach USD 75.12 billion by 2025. Rolling stock is the wheeled vehicles that are used on a railway. It is commonly used for transportation of passengers as well as goods such as conventional fuels, agricultural products, heavy machinery and construction materials. It has facilitated easy transportation with some benefits such as reliability, cost-effectiveness and comfort. Need for reduced traffic, reliability and cost efficiency has increased the adoption of rolling stock for transportation of goods, passengers and animals. The rolling stock market to witnesses a CAGR of 4% in the forecast period.
In rolling stock, some locomotive technologies are used such as conventional locomotive, turbocharge locomotive, maglev, and others. The “turbocharge locomotive” segment is projected to grow at the higher CAGR in the coming years. Numerous companies are implementing turbocharger technology in locomotives used for public transport.
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Rolling stock could be explored by product such as rapid transit vehicle, locomotive, wagon, subway/metro vehicle, passenger coach, light rail/ tram car, and others. The “rapid transit vehicle” segment is anticipated to witness strong growth in the next couple of years owing to high speed and enhanced comfort offered by these vehicles. Moreover, increasing demand for magnetic levitation trains and automated trains for public transportation is expected to boost the market growth in the next couple of years.
Train types such as rail freight and passenger rail could be explored in rolling stock industry. The demand for passenger rails is constantly increasing globally. Moreover, passenger rails are mass transit systems and more cost-effective than roadways. Metros, trams and high-speed trains are the most preferred passenger rails due to their faster transportation service.
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The factors that play an important role in the growth of market include increasing demand, growing population, increasing urbanization & industrialization, growing demand for public transport, increasing need for energy-efficient transport, rising demand for rail vehicles such as local trains, trams & passenger rails, technological advancement and stringent government rules & regulations. The other factors include improvement of rail tracks, enhancements to the existing rail management systems, building new lanes, technological development of rail control and signaling services.
Moreover, growing rail supply market in the rail infrastructure projects and governments are heavily investing in the rail infrastructure projects like signaling, electrifying of tracks & urban transit systems in developing countries are major factors driving the growth of market in the next couple of years. However, high installation and maintenance cost of rolling stock is negatively impacting the growth of rolling stock industry.
The probable stakeholders for market include manufacturers of rolling stock, dealers & distributors of rolling stock, investment firms, equity research firms, private equity firms and industry associations. The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. The market is classified into product, type, train type, locomotive technology and geography.
The market is classified by type such as diesel and electric. The “electric vehicles” sector is expected to hold the large market share in the upcoming period due to its benefits such as reduced pollution and enhanced efficiency of vehicles. Electric trains are eco-friendly and emit 20%-30% less carbon monoxide as compared to diesel trains.
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Automotive Lighting Market Is Gradually Penetrating a High Growth Of USD 34.65 billion by 2022
Feb 02, 2021: The global automotive lighting market size was valued at USD 19.64 billion in 2014 and is anticipated to reach USD 34.65 billion by 2022. Global automotive market will witness a steady growth with growing demand of automotive vehicle in the upcoming years. Increasing automotive production, rising concerns about vehicle safety, growing population and also government are driving the growth of the market. On addition to it, the increase in the purchasing power of the people is also creating opportunities for the market growth. Lighting is a vital component in automotive vehicles and plays a very important role in automotive safety. Automotive vehicle consists of variety of lights to increase the visibility in darkness and bad weather conditions and automotive lights also increase the conspicuity (that is the clarity of observing things) of the vehicle. The lighting system comprises of signalling and lighting devices. The lighting devices are placed in different locations of the vehicle including front, rear, top and interiors.
Halogen being an easily available and cost efficient technology has been majorly adopted by the market and is therefore, being used in lighting technology in the automotive sector also LED and Xenon are prominent lighting technologies which are in prime use in the global automotive lighting market.
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LED is likely to witness the highest growth amongst the three technologies during the forecast period. LED is relatively costlier, hence, at present is majorly being used in the high-end vehicles. However, research is being done to lower their cost as a result of which it would create significant rise in demand of LED lights in the upcoming years. The automotive lighting market is segmented based on technology, vehicle types, lighting applications, product sale and geography.
On the basis of lighting applications, the market is segmented into rear lighting, front lighting, interior lighting and side lighting. The technology is segmented into LED, halogen and xenon. Based on vehicle type, the market is segmented into commercial vehicles and passenger vehicles. Based on product sale, the market is segmented in aftermarket product and OEM product. The geographical segmentation of automotive lighting include North America ( U.S. , Canada, Mexico) , Europe (Germany , UK , France , Italy) , Asia Pacific (China, India, Japan), RoW ( Brazil, Russia), Latin America and Middle East Africa. The global automotive lighting market is an excessively fragmented market with the presence of many regional and global local vendors. The global automotive lighting market is very dependent on automobile sales and the growth driven by the increase in automotive production. The market has seen constant innovations and development of new products, which in turn resulted in an excessive competitive environment for the manufacturers of the automotive lighting.
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The key players of the global automotive lighting market include Ichikoh Industries Ltd., General Electric (GE), Koninklijke Philips N, Koito Manufacturing Co. Ltd, Magneti Marelli S.P.A, Valeo, Stanley Electric Co., Hella KGaA Hueck & Co., Ltd., Zizala Lichtsysteme GmbH, Osram GmbH, Hyundai Mobis, Royal Philips Electronics. The global automotive market is expected to grow at a CAGR 8% during the forecast period which can result to be profitable for the global automotive lighting market also. Ambient lighting is one application where lighting is strategically placed in the vehicle to create an experience and induce a psychologically pleasing effect. Headlamps, DRL, auxillary lights, off road lights, compact lights, dome lights, instrument display lights, fog lights and taillights are the popular segments in the global automotive lighting market attracting automotive designers with their unique and stylish looks. In the upcoming years the use of LED lighting is expected to cover of the total market soon in the upcoming years. Broadly automotive lighting market is segmented as Interior lighting and exterior lighting during the year 2015, the exterior lighting segment had dominated the global automotive lighting market, with a very high market share. Exterior lighting plays a very important role in ensuring safety and with more manufacturers focusing on the safety aspect demand for exterior lighting is expected to rise in the next seven years.
The growth in the Asia Pacific region is driven by India and China, which are the largest markets for automotive production in the Asia Pacific region. The Asia Pacific region is a hub for automotive components due to improved infrastructure, preferences and changing lifestyles, government initiatives, and overall reduction in vehicle production costs. There is a high growth in the number of vehicles in the BRIC nations which further creates large opportunity for the growth of automotive lighting market during the forecast period. Purchasing power is increasing which in turn is increasing the demand for advanced and sophisticated technologies which include advance front light system (AFS) and daylight running lights system (DRL). Automotive lighting indicates vehicle's presence, position, size, driver’s intentions regarding direction, and direction to travel and speed of the vehicle that is travelling. The demand for aesthetic lighting is also increasing which in turn would support the demand of lights in commercial and private cars.
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Automotive Catalytic Converter Market is Expected to Elevate Their Demand of USD 272.95 billion by 2024
Feb 01, 2021: The global automotive catalytic converter market size was valued at USD 111.00 billion in 2014 and is projected to reach USD 272.95 billion by 2024. The growth can be attributed to strict government and institutional norms applied for emission control, rapidly growing automobile industry, evident environmental impact caused by automobile emissions and advancements in the product technology. Catalytic converters a component used in automobiles to convert harmful emissions comprising carbon monoxide, nitrogen oxide, and hydrocarbons into less harmful gases such as carbon dioxide, nitrogen or water. Generally, the product consisting of a core made up of a ceramic honeycomb structure coated with the catalyst metal is installed in the emission mechanism of the vehicle.
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Stringent regulations imposed in several North American and European countries mandating the use of converters in all vehicles are expected to elevate their demand. Growing number of automobiles, light weight as well as heavy duty vehicles in emerging markets such as China and India are expected to play an important role in shaping the market dynamics in these regions. Innovation & development of technology in the segment is fast paced, effectively catering to the requirements.
Increased hybrid & electric vehicles’ demand is expected to challenge the automotive catalytic converter market over the forecast period, as these vehicles do not use an inbuilt converter on account of the absence of any form of emission. The discovery of bio fuels which has consequently reduced emission problems is expected to hamper the growth rate over the next few years. Raw materials used for production primarily comprise metal catalysts which are usually costly and undergo frequent price fluctuations consequently introducing uncertainty in achieving demand consistency, optimal operations and profitability.
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Automakers also face the challenge of reducing the negative effect of these components on the automobiles’ fuel efficiency. Some catalyst converters lead to unwanted chemical reactions producing by-products such as sulfur oxides that prove to be environmentally harmful, thus challenging product quality. Mining techniques used in the extraction of raw materials such as palladium, platinum, rhodium result in a considerable amount of environmental pollution. Regulations for emissions limits as well as jurisdictions are not uniform across different countries as a result of which design of catalytic converters and production processes cannot be standardized.
Manufacturers are constantly bringing about innovations in the design of these converters for improving the efficiency and applications in new automobile segments as well as across a wide array of engines. There are a lot of scope in eco-friendly technologies of production, catalyst conversion reactions and emissions control. Companies are innovating in the direction of four-way catalytic converters with enhanced performance, quality and compatibility with advanced engines.
The product can be segmented by product, material and technology. On the basis of product, these converters can be segregated into three-way catalysts (TWR), selective catalytic reduction (SC), diesel oxidation catalyst (DOC), lean Nox catalyst(LNC) and lean NOx trap (LNT). Two and three-way oxidation and diesel oxidation catalysts are expected to capture a sizeable market share on account of their inherent reduced emission feature.
Based on material, the market can be sub-divided into palladium, platinum, rhodium and others. Platinum components are predominantly used but owing to the price rise in this type palladium and rhodium catalysts are expected to gradually capture the market share. Converters can use two techniques for conversion of harmful emissions, namely coil on plug ignition and simultaneous ignition.
Developed markets such as the U.S., Canada, Germany, France and UK are at a maturity stage. However, prominent automotive companies as well as Original Equipment Manufacturers (OEMs) are located in these countries. Collaborations between these companies and converter manufacturers are expected to maintain a steady demand for the components and technology development in the sector.
Emerging economies China, India, South Korea and Japan are anticipated to grow at a high rate. This can be attributed to growing number of manufacturing facilities in Asia on account of low production costs, availability of skilled labor, and increasing capabilities of the units and rise in demand.
Key players in catalytic converters are Tenneco Inc., Faurecia SA, Benteler International AG, BASF Catalysts, MagnettiMarelliSPA, Calsonic Kansei Corporation, Clean Diesel Technologies and Katcon. Other vendors include Sango, Yutaka, Bosal International. Companies are enhancing their offerings in a bid to meeting global emission standards across different countries, thereby maintaining their competitiveness. Strategy focus is oriented towards acquiring expertise in global regulations compliance, cost effective solutions and optimal vehicle performance.
In order to deal with the fluctuating prices of raw materials, manufacturers are using inventory management strategies, entering into partnerships by backward integration with raw material suppliers. As the industry is at different stages of growth in different regional markets, companies are adopting strategies accordingly. New product development is their focus in mature markets, whereas high volume market penetration is their aim in emerging regions.
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Automotive Night Vision Systems In-Depth Market to Witness Robust Expansion by 2025
Jan 04, 2021: Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Automotive Night Vision Systems In-Depth in these regions, from 2012 to 2023 (forecast), covering
· Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
· North America (United States, Canada and Mexico)
· Europe (Germany, France, UK, Russia and Italy)
· South America (Brazil, Argentina, Columbia)
· Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Global Automotive Night Vision Systems In-Depth market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
· Bosch (Germany)
· Autoliv (Sweden)
· Denso (Japan)
· Omron (Japan)
· FLIR Systems (U.S.)
· Bendix (U.S.)
· Melexis Microelectronic Integrated Systems (Belgium)
· Delphi (UK)
· OmniVision Technologies Inc (U.S.)
· Hella (Germany)
· Raytheon (U.S.)
· Valeo (France)
· Sirica Corp (Israel)
· Protruly (China)
· Gwic (China)
· Guide Infrared (China)
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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
· Automotive Night Vision Systems Market, by Technology
· Active Automotive NVS
· Passive Automotive NVS
· Automotive Night Vision Systems Market, by Components
· Infrared Camera
· Display System
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Automotive Night Vision Systems In-Depth for each application, including
· OEMs
· Aftermarkets
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Active Seat Belt Systems Market to Witness Comprehensive Growth by 2025
Jan 04, 2021: Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Active Seat Belt Systems in these regions, from 2012 to 2023 (forecast), covering
· Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
· North America (United States, Canada and Mexico)
· Europe (Germany, France, UK, Russia and Italy)
· South America (Brazil, Argentina, Columbia)
· Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Global Active Seat Belt Systems market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
· Continental AG
· Autoliv Inc.
· Robert Bosch GmbH
· Hyundai Mobis
· Far Europe Inc.
· Takata Corporation
· ZF TRW
· Iron Force Industrial
· Denso Corporation
· ITW Automotive Products GmbH
· Key Safety Systems
· Special Devices Inc.
· Tokai Rika
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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
· Two-point Belts
· Three-point Belts
· Four-point Belts
· Five-point Belts
· Six-point Belts
· Seven-point Belts
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Active Seat Belt Systems for each application, including
· Passenger Vehicles
· Light Commercial Vehicles
· Heavy Commercial Vehicles
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Car Air Suspension Market is estimated to Grow at the Highest Growth Rate till 2025
Jan 04, 2021: Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Car Air Suspension in these regions, from 2012 to 2023 (forecast), covering
· Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
· North America (United States, Canada and Mexico)
· Europe (Germany, France, UK, Russia and Italy)
· South America (Brazil, Argentina, Columbia)
· Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Global Car Air Suspension market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
· Continental
· Wabco
· Firestone
· ThyssenKrupp Bilstein
· Hitachi
· Dunlop
· BWI Group
· Accuair Suspension
· Other
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On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
· Electronically Controlled Air Suspension
· Non-Electronically Controlled Air Suspension
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Car Air Suspension for each application, including
· Sedan
· SUV
· Other
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Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
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Two Wheelers Market Is Expected To Witness Significant Growth Attributed To Increasing 2025
Dec 03, 2020: Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Two Wheelers in these regions, from 2012 to 2023 (forecast), covering
· Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
· North America (United States, Canada and Mexico)
· Europe (Germany, France, UK, Russia and Italy)
· South America (Brazil, Argentina, Columbia)
· Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Global Two Wheelers market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
· Honda
· Hero MotoCorp Ltd
· Bajaj Auto Ltd
· TVS Motor Company Ltd
· Yamaha
· Suzuki
· Jiangmen Grand River Group Co., Ltd.
· Loncin Holding Ltd
· Lifan Industry (Group) Co., Ltd
· Luoyang Northern Enterprises Group Co., Ltd.
· Guangzhou DaYun Motorcycle Co., Ltd.
· Zongshen Industrial Group Co., Ltd.
· Chongqing Yinxiang Motorcycle (Group) Co., Ltd.
· Wuyang-Honda Motors (Guangzhou) Co., Ltd.
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· JINYI MOTOR
· Sundiro Honda Motorcycle Co., Ltd.
· Qianjiang Group Co., Ltd.
· Piaggio
· Kwang Yang (Kymco)
· Kawasaki
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
· Motorcycles
· Scooters
· Mopeds
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Two Wheelers for each application, including
· Consumer
· Commercial
· Other
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For More Information, Visit Radiant Insights
Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: [email protected]
Blog URL: http://ictmarketforecasts.wordpress.com
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Car Trunk Latches Market Expected to Recover during the Forecast Period until 2025
Dec 03, 2020: Geographically, this report is segmented into several key Regions, with production, consumption, revenue (M USD), market share and growth rate of Car Trunk Latches in these regions, from 2012 to 2023 (forecast), covering
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• South America (Brazil, Argentina, Columbia)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Download sample Copy of This Report at: https://www.radiantinsights.com/research/global-car-trunk-latches-market-2025/request-sample
Global Car Trunk Latches market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Kiekert
• Principal Manufacturing Corporation
• Brose Fahrzeugteile
• Huf Group
• MITSUI MINING & SMELTING
• STRATTEC
• GECOM Corporation
• Rocky Hinge
• Yau Young Auto Parts Ind
• U-Shin
• Shivani Locks
Access This Full Report @ https://www.radiantinsights.com/research/global-car-trunk-latches-market-2025
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Manually-Operated Car Trunk Latches
• Electric Release Car Trunk Latches
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Car Trunk Latches for each application, including
• Passenger Vehicles
• Commercial Vehicles
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
For More Information, Visit Radiant Insights
Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: [email protected]
Blog URL: http://ictmarketforecasts.wordpress.com
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