#powertrain manufacturer in india
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Driving the Future as an EV Gearbox Manufacturer in India
In the transformative landscape of electric vehicles (EVs), AVTEC stands as a beacon of innovation, reshaping the Indian automotive industry as a leading EV gearbox manufacturer in India. With a deep commitment to sustainability and cutting-edge technology, AVTEC is driving the nation towards a greener, more efficient future.
Innovative EV Gearbox Solutions
AVTEC's prowess as an EV gearbox manufacturer lies in its ability to create innovative and efficient solutions for the evolving EV market. By engineering gearboxes tailored specifically for electric vehicles, AVTEC ensures seamless power transmission, maximizing the performance and range of EVs. These gearboxes are not just components; they are the driving force behind the smooth, powerful acceleration and enhanced energy efficiency in electric vehicles.
Local Expertise, Global Impact
AVTEC's impact stretches far beyond the borders of India. As a local manufacturer with global standards, AVTEC's EV gearboxes are crafted with precision and excellence, meeting international quality benchmarks. By contributing to the global EV market, AVTEC is showcasing India's capability to produce cutting-edge, sustainable automotive solutions.
Fostering Sustainable Mobility
AVTEC's role as an EV gearbox manufacturer in India is pivotal in fostering sustainable mobility practices. By facilitating the transition from traditional combustion engines to electric powertrains, AVTEC is reducing carbon footprints and paving the way for eco-friendly transportation in India. This commitment aligns with the country's vision for a sustainable future, making AVTEC a key player in India's green mobility revolution.
Embracing a Greener Tomorrow
AVTEC's EV gearboxes are not just mechanical components; they are the embodiment of a greener tomorrow. By manufacturing high-quality, reliable, and efficient gearboxes for electric vehicles, AVTEC is inviting a wave of change, encouraging individuals and businesses to embrace EV technology. This shift towards sustainable transportation is not only environmentally responsible but also economically viable, making AVTEC's offerings increasingly attractive to a wide and discerning audience.
In conclusion, AVTEC's role as an EV gearbox manufacturer is pivotal in shaping India's automotive future. Through innovation, quality, and a steadfast commitment to sustainability, AVTEC is not just driving electric vehicles; it's driving a transformative shift towards a cleaner, greener, and more efficient tomorrow.
#auto components manufacturers in india#automatic transmissions#powershift transmissions#transmission parts manufacturer#transmission components#transmission gears and shafts#precision auto components#powertrain components#engine parts manufacturers in india#powertrain manufacturer in india
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Royal Enfield Meteor 350 Gets Aurora Colour Variant At Rs 2.20 Lakh
Royal Enfield has widened the Meteor 350 range by launching the new Aurora variant of the cruiser.
It gets a couple of changes over other variants of the bike and comes with a price tag of Rs. 2,19,900 (ex-showroom, Chennai) which places it between the Stellar and Supernova trims of the Meteor 350.
RE Meteor 350 Thoroughly Overhauled
The new Aurora variant of the Meteor 350 comes equipped with spoke wheels and tube tyres, unlike other versions which get alloy wheels and tubeless rubbers.
Moreover, the engine case, exhaust system, and a few other components have been bestowed with chrome finishing. All of this is done to enhance the retro appeal of the bike.
You may like it : Best Bikes in India 2023
Royal Enfield Meteor 350 Aurora continues to receive the same J-series underpinnings, the 349 cc air-cooled, long-stroke engine, with 20.2 bhp and 2.75 kgm of torque, mated to a five-speed transmission.
What’s new with Aurora trim?
The trim introduces three new colourways and also debuts LED headlights to the range. Royal Enfield might make the latter feature standard with this range in the future.
You may like it : Royal Enfield Himalayan 452 Production Starts
As opposed to black treatment on all other trims, Aurora trim stands out in its classic appeal. RE is also giving Aurora LED headlights, a deluxe touring seat, aluminium switch cubes, a Tripper display for navigation and more.
Feature additions
Apart from adding Aurora trim, Royal Enfield has fettled with Meteor 350’s trim-wise features list too. Top-spec Supernova trim now gets LED headlights and aluminium switchgear, taking it a notch higher than before. Astral trim now gets Royal Enfield’s Tripper screen for navigation as standard fitment.
You may like it : RE Himalayan 452 Easily Clocks Over 140 km/h – VIDEO
With base Fireball trim, Royal Enfield has added a new Black stock colour which is both elegant and standard. Powering RE Meteor 350 is a 349cc J-series single-cylinder, air-cooled motor that kicks out 20.2 bhp at 6100rpm and a peak torque of 27 Nm at 4000rpm.
This unit is paired with a 5-speed gearbox. The same powertrain is found on newly launched Bullet 350 too.
Meteor 350 is underpinned by a dual-cradle J-series chassis which is suspended on 41mm RSU telescopic suspension at the front and twin shocks at the rear. Anchorage duties are handled by a 300mm front disc and a 270mm rear disc which are aided by a dual-channel ABS as standard.
In terms of features, it comes with a semi-digital instrument console, a USB charger, circular LED DRL and a side-stand engine inhibitor, among many.
You may like it : Best Electric Bikes in India
Words from the manufacturer
Speaking about the new range and enhancements on the Meteor 350, B Govindarajan, CEO – Royal Enfield said, “As we reflect on the remarkable success of the Meteor 350 in India and international markets it is evident that the Meteor has struck a chord with many long distance riders and motorcycling enthusiasts. Its dynamic cruising ability and dependable performance have resonated deeply with our riders.
The Aurora range is a result of our constant interactions with our community of riders, where we witnessed a strong inclination towards retro-inspired cruisers. The new colourways and features are sure to elevate the pleasure of pure retro-cruising among our customers.”
#Meteor #Overhauled
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Automotive Adhesive Tapes Market To Reach $5.46 Billion By 2030
Automotive Adhesive Tapes Market Growth & Trends
The global automotive adhesive tapes market size is expected to reach USD 5.46 billion by 2030, registering a CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing usage of advanced functional materials to improve aesthetics, reduce weight and enhance the performance of the vehicles is expected to drive the market.
There has been a positive outlook in the automotive sector across the developed markets such as the U.S. to developing markets such as India. Technological developments and performance enhancements in vehicles have led to the installation of specialized components, which is expected to have a positive impact on the automotive tapes market.
The market is witnessing switching trends with growing popularity and demand for electric vehicles. Prominent vehicle manufacturers are aiming to comply with environmental standards and emission norms by reducing vehicle pollutants at a significant level. Thus, battery-operated vehicles including cars, mini trucks, and others are gaining popularity across the globe, which in turn is expected to drive the penetration of automotive adhesive tapes.
Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/automotive-adhesive-tapes-market
Automotive Adhesive Tapes Market Report Highlights
The interior attachment application segment led the market and accounted for about 28.1% share of the global revenue in 2023 owing to rising demand for tapes in interior applications to improve the aesthetics of vehicles
The Emulsion based adhesive tapes segment is also expected to witness the fastest growth at a CAGR of 8.3%as the industry is witnessing rising concerns of VOC emissions and thus expect stringent regulations pertaining to the same in the future
The powertrain application segment is expected to witness a notable revenue CAGR of 11.3% over the forecast period on account of the rising penetration of adhesive tapes in electric and hybrid vehicle powertrains
Europe dominated the market and accounted for about 28% share of revenue share in 2023 and is expected to accelerate at a CAGR of over 5.0% over the forecast period, owing to the high per vehicle content of tapes in the European automotive brands
Manufacturers operating in the market are looking forward to understand the emerging sub-segment application of tapes in vehicles to gauge the market potential in the future
Automotive Adhesive Tapes Market Segmentation
Grand View Research has segmented the automotive adhesive tapes market on the basis of on application, adhesive chemistry, backing material, and region:
Automotive Adhesive Tapes Application Outlook (Volume, Million Square Meters, Revenue, USD Billion; 2018 - 2030)
Wire Harnessing
Powertrain
Acoustic Insulation
Interior Attachment
Exterior Attachment
Electronics
Chassis & Wheels
Automotive Adhesive Tapes Adhesive Chemistry Outlook (Volume, Million Square Meters, Revenue, USD Billion; 2018 - 2030)
Solvent-based Adhesives
Emulsion-based Adhesives
Hot Melt Adhesives
Radiation Adhesives
Automotive Adhesive Tapes Backing Material Outlook (Volume, Million Square Meters, Revenue, USD Billion; 2018 - 2030)
Polypropylene
Polyvinylchloride
Paper
Others
Automotive Adhesive Tapes Regional Outlook (Volume, Million Square Meters, Revenue, USD Billion; 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Asia Pacific
China
India
Japan
South Korea
Central & South America
Brazil
Argentina
Middle East & Africa
South Africa
List of Key Players in the Automotive Adhesive Tapes Market
L&L Products, Inc.
Sika Automotive AG
The 3M Company
Nitto Denko Corporation
Lida Industry Co, Ltd.
ThreeBond Co., Ltd.
PPG Industries
ABI Tape Products
Adchem Corporation
Avery Dennison Corporation
Saint Gobain
Berry Plastics
tesa SE
Lintec Corporation
Browse Full Report: https://www.grandviewresearch.com/industry-analysis/automotive-adhesive-tapes-market
#Automotive Adhesive Tapes Market#Automotive Adhesive Tapes Market Size#Automotive Adhesive Tapes Market Share#Automotive Adhesive Tapes Market Trends#Automotive Adhesive Tapes Market Growth
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Fuel Cell Powertrain Market Analysis 2023 Dynamics, Players, Type, Applications, Trends, Regional Segmented, Outlook & Forecast till 2033
Fuel Cell Powertrain Market is projected to be worth USD 7.37 billion by 2030, USD 35.0 billion in 2033. Registering a CAGR of 71% during the forecast period 2024-2033.
The competitive analysis of the Fuel Cell Powertrain Market offers a comprehensive examination of key market players. It encompasses detailed company profiles, insights into revenue distribution, innovations within their product portfolios, regional market presence, strategic development plans, pricing strategies, identified target markets, and immediate future initiatives of industry leaders. This section serves as a valuable resource for readers to understand the driving forces behind competition and what strategies can set them apart in capturing new target markets.
Market projections and forecasts are underpinned by extensive primary research, further validated through precise secondary research specific to the Fuel Cell Powertrain Market. Our research analysts have dedicated substantial time and effort to curate essential industry insights from key industry participants, including Original Equipment Manufacturers (OEMs), top-tier suppliers, distributors, and relevant government entities.
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Market Segmentations:
Global Fuel Cell Powertrain Market: By Company
• AVID Technology Ltd (UK)
• Ballard Power Systems (Canada)
• Brown Machine Group (US)
• Ceres Power (UK)
• Cummins (US)
• Delphi Technologies (UK)
• Denso Corporation (Japan)
• ITM Power Manufacturers (UK)
• Robert Bosch (Germany)
• Bloom Energy (US)
• SFC Energy (Germany)
Global Fuel Cell Powertrain Market: By Type
• Passenger Cars
• Commercial Vehicle
• Buses
Global Fuel Cell Powertrain Market: By Components
• Fuel Cell System
• Battery System
• Drive System
• Hydrogen Storage System
• Others
Regional Analysis of Global Fuel Cell Powertrain Market
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Fuel Cell Powertrain market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Key Report Highlights:
Key Market Participants: The report delves into the major stakeholders in the market, encompassing market players, suppliers of raw materials and equipment, end-users, traders, distributors, and more.
Comprehensive Company Profiles: Detailed company profiles are provided, offering insights into various aspects including production capacity, pricing, revenue, costs, gross margin, sales volume, sales revenue, consumption patterns, growth rates, import-export dynamics, supply chains, future strategic plans, and technological advancements. This comprehensive analysis draws from a dataset spanning 12 years and includes forecasts.
Market Growth Drivers: The report extensively examines the factors contributing to market growth, with a specific focus on elucidating the diverse categories of end-users within the market.
Data Segmentation: The data and information are presented in a structured manner, allowing for easy access by market player, geographical region, product type, application, and more. Furthermore, the report can be tailored to accommodate specific research requirements.
SWOT Analysis: A SWOT analysis of the market is included, offering an insightful evaluation of its Strengths, Weaknesses, Opportunities, and Threats.
Expert Insights: Concluding the report, it features insights and opinions from industry experts, providing valuable perspectives on the market landscape.
Report includes Competitor's Landscape:
➊ Major trends and growth projections by region and country
➋ Key winning strategies followed by the competitors
➌ Who are the key competitors in this industry?
➍ What shall be the potential of this industry over the forecast tenure?
➎ What are the factors propelling the demand for the Fuel Cell Powertrain?
➏ What are the opportunities that shall aid in significant proliferation of the market growth?
➐ What are the regional and country wise regulations that shall either hamper or boost the demand for Fuel Cell Powertrain?
➑ How has the covid-19 impacted the growth of the market?
➒ Has the supply chain disruption caused changes in the entire value chain?
Customization of the Report:
This report can be customized to meet the client’s requirements. Please connect with our sales team ([email protected]), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1 346 666 6655 to share your research requirements.
About Stringent Datalytics
Stringent Datalytics offers both custom and syndicated market research reports. Custom market research reports are tailored to a specific client's needs and requirements. These reports provide unique insights into a particular industry or market segment and can help businesses make informed decisions about their strategies and operations.
Syndicated market research reports, on the other hand, are pre-existing reports that are available for purchase by multiple clients. These reports are often produced on a regular basis, such as annually or quarterly, and cover a broad range of industries and market segments. Syndicated reports provide clients with insights into industry trends, market sizes, and competitive landscapes. By offering both custom and syndicated reports, Stringent Datalytics can provide clients with a range of market research solutions that can be customized to their specific needs.
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Automotive Exhaust System Market 2024-2032; Growth Forecast & Industry Share Report
Automotive Exhaust System Market size is anticipated to expand at over 7% CAGR from 2023-2032 driven by the global shift towards EVs worldwide.
With the automotive sector embracing sustainable mobility, traditional exhaust systems are evolving to accommodate the unique needs of EVs. The rising collaborations between traditional exhaust system manufacturers and electric vehicle producers is contributing to innovative solutions, reflecting the commitment to environmentally friendly transportation. For instance, in July 2023, Milltek Sport launched an improved high-performance exhaust system for BMW's M2 Coupe for maximizing additional capability from the new baby M vehicle. The development of exhaust solutions for hybrid and electric powertrains, including sound management systems and emission controls for range extenders, is also accelerating the market growth.
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Based on component, the market share from the catalytic converter segment is projected to generate substantial revenue from 2023-2032. The influx of stringent emission standards globally coupled with the increasing focus on environmental sustainability are propelling the demand for advanced catalytic converters. Additionally, innovations, such as three-way catalysts and advanced materials to render enhanced efficiency and compliance are resulting in the increasing adoption of catalytic converters.
As per vehicle type, the automotive exhaust system market from the commercial vehicles segment is anticipated to witness high demand between 2023 and 2032. The escalating need for global logistics and transportation coupled with a growing number of strict emission regulations for commercial vehicles is contributing to the rising demand for advanced exhaust systems, including selective catalytic reduction and diesel particulate filters. Furthermore, leading commercial vehicle manufacturers are heavily investing in innovative exhaust technologies to enhance fuel efficiency and reduce environmental impacts.
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Regionally, the Asia Pacific automotive exhaust system industry is set to exhibit robust growth through 2032. The ongoing expansion of the automotive sector in countries like China and India along with the implementation of stringent emission norms are driving the adoption of advanced exhaust systems. Additionally, the jump in government initiatives for promoting clean air and sustainable transportation will further foster the market growth. Moreover, with various industry participants making significant expenditures to accelerate company growth, the regional industry will witness robust growth. For instance, Purem AAPICO established a new facility in Thailand with an annual capacity of 300,000 systems for clean mobility and to provide exhaust systems for a top U.S. automobile manufacturer.
Partial chapters of report table of contents (TOC):
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Automotive exhaust system market 360º synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Component trends
2.5 Vehicle type trends
2.6 Fuel type trends
Chapter 3 Automotive Exhaust System Industry Insights
3.1 Impact of COVID-19
3.2 Industry ecosystem analysis
3.3 Vendor matrix
3.4 Profit margin analysis
3.5 Technology & innovation landscape
3.6 Patent analysis
3.7 Key news and initiatives
3.7.1 Partnership/Collaboration
3.7.2 Merger/Acquisition
3.7.3 Investment
3.7.4 Product launch & innovation
3.8 Regulatory landscape
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Rising demand for fuel efficiency
3.9.1.2 Advancements in exhaust system technologies
3.9.1.3 High focus on material innovations
3.9.1.4 Increased awareness of environmental impact
3.9.2 Industry pitfalls & challenges
3.9.2.1 Stringent emission standards
3.9.2.2 Global economic uncertainties
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Challenges Hindering the E-Rickshaw Revolution in Delhi
As Delhi endeavors to embrace electric rickshaws, it faces a myriad of challenges that impede the smooth transition to these eco-friendly vehicles. Let's delve into these hurdles
Lack of Charging Infrastructure: The absence of adequate charging stations is a major roadblock. E-rickshaw drivers struggle to find convenient spots for charging, hampering their operational efficiency.
Power Theft Woes: Illegal tapping of electricity for charging e-rickshaws not only poses financial losses for power companies but also raises safety concerns. Curbing this practice requires stringent enforcement and monitoring.
Financial Strain on Drivers: With limited income opportunities, e-rickshaw drivers find it challenging to make ends meet. Fixed fares, restrictions on routes, and vehicle confiscations add to their financial woes, jeopardizing their livelihoods.
Registration and Licensing Hurdles: Many e-rickshaw operators work without proper registration and licenses, leading to legal complications and safety risks. Simplifying registration processes and reducing costs can formalize operations and enhance safety standards.
Financial Barriers to Adoption: High upfront costs and financing difficulties deter many from transitioning to e-rickshaws. Offering subsidies and flexible financing options can alleviate this burden and promote wider adoption.
Retrofitting Complexities: Retrofitting conventional vehicles with electric powertrains presents technical and financial challenges. Making retrofitting more accessible and cost-effective is crucial for accelerating the shift to electric mobility.
Tackling these obstacles demands a multi-faceted approach, including the development of robust charging infrastructure, crackdown on power theft, financial assistance for drivers, streamlined regulatory processes, and incentivizing the adoption of electric vehicles. Only by addressing these challenges can Delhi pave the way for a greener and more sustainable transportation future.
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The Indian automotive market is witnessing a surge in demand for CNG vehicles, driven by rising fuel prices and increasing environmental concerns. Tata Motors, a leading car manufacturer in India, is poised to capitalize on this trend with the imminent launch of the Nexon CNG. This highly anticipated subcompact SUV promises an enticing blend of power, efficiency, and eco-friendliness. A Pioneering Powertrain: Turbocharged CNG for the First Time The Tata Nexon CNG stands out from the competition by offering a first-of-its-kind powertrain in the Indian market – a 1.2-liter turbocharged petrol engine optimized for CNG fuel. This innovative approach is expected to deliver a compelling combination of performance and fuel economy. While the exact output figures for the CNG variant haven't been officially revealed, the 1.2-liter turbo petrol engine in its standard guise produces 120 PS of power and 170 Nm of torque. We can expect some reduction in these figures when running on CNG, but the turbocharger should help maintain a significant edge in performance compared to naturally aspirated CNG engines commonly found in other vehicles. Transmission Options and Features: Balancing Efficiency and Convenience Tata Motors is likely to equip the Nexon CNG with a 5-speed manual transmission as the standard option. This aligns with the focus on fuel efficiency in the CNG segment. However, considering the recent addition of a 5-speed AMT (Automated Manual Transmission) to the Tiago and Tigor CNG models, there's a strong possibility of a similar option for the Nexon CNG as well. This would cater to drivers seeking a more convenient automatic driving experience. In terms of features, the specific details will depend on the variant configuration offered by Tata. However, based on the existing Nexon trims and the features offered in other Tata CNG models, we can expect a well-equipped cabin. Here's a glimpse of some potential features: 10.25-inch touchscreen infotainment system with smartphone connectivity through Android Auto and Apple CarPlay. 10.25-inch digital driver's display for clear and convenient access to driving information. Wireless charging for compatible smartphones. Panoramic sunroof to enhance the cabin ambiance and provide a more open feel. Automatic climate control for maintaining a comfortable cabin temperature. 9-speaker JBL sound system for an immersive audio experience. Safety remains a top priority for Tata Motors. The Nexon CNG is expected to come equipped with six airbags as standard, along with a suite of advanced safety features such as: Anti-lock Braking System (ABS) with Electronic Brake-force Distribution (EBD) Electronic Stability Program (ESP) for improved vehicle stability during maneuvers. Tire Pressure Monitoring System (TPMS) to alert drivers of underinflated tires. ISOFIX child seat anchors for secure installation of child seats. 360-degree camera system (on higher variants) for enhanced parking maneuverability and improved spatial awareness. Launch, Price, and Competition: A Compelling Proposition in the CNG Market While Tata Motors hasn't officially announced the launch date for the Nexon CNG, frequent test mule sightings suggest an imminent arrival in the coming months. The standard Tata Nexon price range starts from Rs 8.15 lakh and goes up to Rs 15.80 lakh (ex-showroom). Considering the additional components required for the CNG powertrain, we can expect the Nexon CNG variants to carry a premium of around Rs 1 lakh over their corresponding petrol-only counterparts. Additionally, AMT variants might command a further price increase of around Rs 50,000. Upon launch, the Tata Nexon CNG will directly compete with the established Maruti Brezza CNG variants. The Nexon CNG's potential edge lies in its turbocharged engine's promise of superior performance and the overall feature package it might offer. Benefits of Choosing a CNG Vehicle Here's a quick breakdown of some key advantages of opting for a CNG vehicle like the Tata Nexon CNG: Lower Fuel Costs: CNG is significantly cheaper than petrol and diesel, offering substantial savings on running costs. Reduced Emissions: CNG vehicles emit lower levels of harmful pollutants compared to petrol and diesel vehicles, contributing to a cleaner environment. Government Incentives: The Indian government offers various incentives and subsidies to promote CNG vehicles, making them even more attractive to purchase. Frequently Asked Questions Q: What makes the Tata Nexon CNG unique? A: The Tata Nexon CNG stands out as the first CNG-powered SUV in India to feature a turbo-petrol engine, offering enhanced performance and reduced environmental impact. Q: Will the Tata Nexon CNG come with advanced safety features? A: Yes, the Tata Nexon CNG is expected to offer a comprehensive suite of safety features, including multiple airbags, ABS with EBD, an electronic stability program (ESP), and more. Q: When can we expect the Tata Nexon CNG to launch? A: While Tata has not confirmed a specific launch date, industry experts anticipate its arrival in the market in the coming months, following the completion of testing and regulatory approvals. Q: Will the CNG option affect the boot space of the Nexon? A: Tata is known for its "twin cylinder technology" in CNG models, which helps optimize space utilization. Therefore, the boot space is likely to be minimally affected compared to the petrol variants. Q: Does the Nexon CNG offer a CNG start option? A: Based on features seen in other Tata CNG models, the Nexon CNG is expected to have a CNG start option, allowing you to directly start the car in CNG mode without needing to switch from petrol first. Q: Is there a waiting period expected for the Tata Nexon CNG after launch? A: The actual waiting period will depend on the initial demand and production capacity. However, considering the popularity of the Nexon and the growing CNG market, some waiting periods can't be entirely ruled out. It's advisable to check with authorized Tata dealerships closer to the launch date for the most accurate information.
#AMTtransmission#ecofriendlySUV#launchdate#MarutiBrezzaCNG#powertraintechnology#pricingstrategy#safetyfeatures#sustainabledriving.#TataNexonCNG#TheTataNexonCNG#turbopetrolengine
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Electric Vehicle - The Future of Transportation
The Electric Vehicle Industry holds a great potential in the near future to change the global vehicular emissions scenario. Electric vehicles are witnessing wide adoption globally due to stringent vehicular emission norms to reduce carbon footprint and the changing vehicle architectures. The U.S. and European Union have issued standards, such as CAFÉ standards, for automobile manufacturers to be mandatorily incorporated in their vehicles. Numerous commercial and government fleet managers rely on electric vehicles to secure their budgets from unfavorable fluctuations in the fuel costs and reduce emissions of their fleets.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/request-sample/2404
In addition, urbanization, rise in congestion, and increase in emissions have propelled the hybridization and electrification of vehicle powertrains. Moreover, volatile oil & gas prices and upcoming shortage in fossil fuel are expected to boost the adoption of fuel-efficient vehicles. The Brazil, Russia, India, and China (BRIC) countries have shown rise in the degree of interest in eco-friendly and sustainable technologies. Countries, such as China and India, hold a tremendous market potential as, their governments have promoted substantial incentives for purchasing electric vehicles. Various companies intend to expand their market penetration in Asia-Pacific for the development of advanced electric vehicles.
Top Key Players:
The key players analyzed in this EV market report are Ampere Vehicles, Benling India Energy and Technology Pvt Ltd, BMW AG, BYD Company Limited, Chevrolet Motor Company, Daimler AG, Energica Motor Company S.p.A., Ford Motor Company, General Motors, Hero Electric, Hyundai Motor Company, Karma Automotive, Kia Corporation, Lucid Group, Inc., Mahindra Electric Mobility Limited, NIO, Nissan Motors Co., Ltd., Okinawa Autotech Pvt. Ltd., Rivain, Tata Motors, Tesla, Inc., Toyota Motor Corporation, Volkswagen AG, WM Motor, and Xiaopeng Motors.
Factors such as increase in demand for fuel-efficient, high-performance, & low-emission vehicles, stringent government rules & regulations toward vehicle emission along with reduction in cost of electric vehicle batteries and increasing fuel costs supplement the growth of the electric vehicle market. Moreover, factors such as lack of charging infrastructure, high manufacturing cost, and range anxiety and serviceability are the factors expected to hamper the growth of the EV market. Furthermore, factors such as technological advancements, proactive government initiatives and development of self-driving electric vehicle technology are expected to create ample opportunities for the key players operating in the EV industry.
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By type, the market is categorized into battery electric vehicle, plugin-hybrid electric vehicle and fuel cell electric vehicle. The battery electric vehicle holds majority of market share in 2020 and is projected to lead the market during the forecast period due to higher growth rate. By vehicle type, the electric vehicle market is categorized into two-wheelers, passenger cars and commercial vehicles.
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Automotive Relay
The Automotive Relay market is estimated to surpass US$ 13,103 million in 2019, demonstrating a robust Compound Annual Growth Rate (CAGR) of 5.7% between 2018 and 2028.
To read more about the topic please visit site: https://bekryl.com/industry-trends/automotive-relay-market-share-analysis
Automotive relays are integral components present in nearly every motor vehicle, serving the purpose of enabling a low amperage circuit to switch on or off a higher amperage circuit. The escalating demand for automotive relays worldwide is fueled by the increased sales of automobiles and a significant replacement rate. In modern vehicles equipped with intricate electronic components, the demand for relays has surged, especially for switching purposes. Moreover, technological advancements and the rise of electric vehicles are expected to contribute to the growth of the automotive relay market. Consequently, the number of relays per automotive vehicle is anticipated to increase during the forecast period.
The industry landscape is characterized by numerous small and midsize players, with manufacturing operations typically situated in proximity to automotive hubs. A substantial concentration of these companies can be found in the East belt of China and Southeast Asia.
Automotive Relay Market Value Analysis, By Product Type
Printed circuit board (PCB) relays claimed the highest revenue share in 2017. PCB relays are extensively used across various automotive vehicles due to their capacity to switch currents up to 200A for system voltage up to 24V. These relays find applications in ABS braking systems, headlights, engine control, blower, and cooling fans. PCB relays are projected to register a CAGR of 4.9% during the forecast period, presenting a significantly higher revenue opportunity by 2028.
Plugin relays contributed to less than 34% of the global market share. Their pivotal role is observed in automotive systems where the handling of high temperatures and voltage fluctuations is required.
Global Automotive Relay Market Size and Forecast: Regional Analysis
Asia Pacific commanded a 46% share of the global automotive relay market in 2017. The region boasts a multitude of automotive production centers, notably in China, Japan, and India. The favorable environment for players is attributed to the increasing demand for e-fuse, coupled with the easy availability of raw materials and cost-effective labor. Asia Pacific remains at the forefront due to the sheer size of its production facilities.
Following closely is Western Europe, primarily driven by heightened automotive production in Germany and the UK. In 2017, Germany and the UK collectively accounted for 53% of total global sales.
Global Automotive Relay Market Size and Forecast: Competition Landscape
Key Players:
ABB Ltd.
Denso
Nippon-Aleph
Fujitsu
Idec Corporation
Littelfuse Inc.
Daesung Electric
Eaton
Omron Corporation
Sharp Corporation
TE Connectivity
NEC Corporation
Industry Segmentation
By Vehicle Type:
Gasoline-Based Vehicles
Economical
Commercial
Passenger
Mid-level
Commercial
Passenger
SUV
Premium
Luxury
Electric Vehicles
Premium
Luxury
SUV
Economical
Solar Vehicles
By Product Type:
PCB Relay
Plug-in Relay
By Application Type:
Powertrain Systems
Body and Chassis
Safety and Security
Convenience
Driver Information
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Automotive Adhesive Tapes Market Dynamics, Applications, and Trends Shaping the Future of Vehicle Design and Performance
The global automotive adhesive tapes market size is expected to reach USD 5.46 billion by 2030, registering a CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing usage of advanced functional materials to improve aesthetics, reduce weight and enhance the performance of the vehicles is expected to drive the market. There has been a positive outlook in the automotive sector across the developed markets such as the U.S. to developing markets such as India. Technological developments and performance enhancements in vehicles have led to the installation of specialized components, which is expected to have a positive impact on the automotive tapes market.
Automotive Adhesive Tapes Market Report Highlights
The interior attachment application segment led the market and accounted for about 28.1% share of the global revenue in 2023 owing to rising demand for tapes in interior applications to improve the aesthetics of vehicles
The Emulsion based adhesive tapes segment is also expected to witness the fastest growth at a CAGR of 8.3%as the industry is witnessing rising concerns of VOC emissions and thus expect stringent regulations pertaining to the same in the future
The powertrain application segment is expected to witness a notable revenue CAGR of 11.3% over the forecast period on account of the rising penetration of adhesive tapes in electric and hybrid vehicle powertrains
Europe dominated the market and accounted for about 28% share of revenue share in 2023 and is expected to accelerate at a CAGR of over 5.0% over the forecast period, owing to the high per vehicle content of tapes in the European automotive brands
Manufacturers operating in the market are looking forward to understand the emerging sub-segment application of tapes in vehicles to gauge the market potential in the future
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The market for automotive adhesive tapes is anticipated to grow at a strong growth rate predicted over the projection period, owing to the economic recovery in most emerging countries. The frequent suspension of public transportation, along with the virus's highly infectious nature, fueled demand for passenger automobiles, driving the demand for automotive adhesive tape products. However, unexpected circumstances resulting from the pandemic's third and subsequent waves are reflecting a gloomy picture.
The market is witnessing switching trends with growing popularity and demand for electric vehicles. Prominent vehicle manufacturers are aiming to comply with environmental standards and emission norms by reducing vehicle pollutants at a significant level. Thus, battery-operated vehicles including cars, mini trucks, and others are gaining popularity across the globe, which in turn is expected to drive the penetration of automotive adhesive tapes.
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Precision Auto Components Performance and manufacturer Redefining Reliability
When it comes to Precision Auto components manufacturer in India AVTEC stands as a trusted leader in the industry. With a blend of technical expertise, cutting-edge manufacturing capabilities, and a customer-centric approach, AVTEC has earned its reputation for delivering precision components that enhance performance and ensure reliability. Let's explore what sets AVTEC apart and why their precision auto components are in a league of their own.
Unmatched Precision and Quality (approx. 100 words): AVTEC's commitment to precision is the cornerstone of their success in the auto components industry. With meticulous attention to detail and advanced manufacturing techniques, AVTEC produces components that adhere to the most demanding specifications. From intricate cylinder heads to precise crankshafts and transmission gears, each component is crafted with utmost precision and accuracy. AVTEC's dedication to quality extends beyond the manufacturing process, as their components undergo rigorous testing to ensure optimal performance and reliability. The result is precision auto components that meet and exceed industry standards, providing peace of mind to customers and enhancing the overall performance of vehicles.
AVTEC’s Precision Auto components manufacturer in India find applications in various sectors, including automotive, off-highway, defense, agriculture, and railways. Whether it's a compact car, a heavy-duty commercial vehicle, or specialized machinery, AVTEC's components are engineered to perform flawlessly in diverse environments. This versatility has made AVTEC a preferred choice for renowned global OEMs, who trust their components to deliver exceptional performance, durability, and efficiency. With AVTEC, customers gain access to a wide range of precision components designed to meet the unique demands of different industries and applications.
At AVTEC, the customer is at the heart of everything they do. With a dedicated team of professionals, AVTEC collaborates closely with customers to understand their specific requirements and provide tailored solutions. The company's personable approach fosters strong, long-term partnerships built on trust, opens communication, and shared success. AVTEC's commitment to customer satisfaction goes beyond product delivery, as they provide comprehensive support and after-sales services to ensure customer delight throughout the lifespan of their precision components.
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Automotive Thermal System Market Size, Growth, Trends and Opportunity 2024-2032
IMARC Group's report titled "Automotive Thermal System Market Report by Component (Compressor, HVAC, Powertrain Cooling, Fluid Transport), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Others), and Region 2024-2032", The global automotive thermal system market size reached US$ 37.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 51.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
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Factors Affecting the Growth of the Automotive Thermal System Industry:
Stringent Environmental Regulations:
Governing agencies of various countries are implementing stringent environmental regulations to combat climate change and reduce air pollution, which is contributing to the growth of the market. These initiatives encourage automakers to meet these standards to maintain environmental sustainability. Automotive thermal systems help optimize engine performance, minimize emissions, and ensure compliance with regulatory requirements. The rising adoption of advanced thermal management solutions that manage heat dissipation and engine temperature is bolstering the market growth. Furthermore, there is an increase in the demand for cleaner and greener transportation among individuals.
Rising Demand for Electric Vehicles (EVs):
The escalating demand for automotive thermal systems on account of the increasing adoption of EVs among the masses around the world is propelling the growth of the market. EVs require advanced thermal management solutions to regulate battery temperature, ensuring optimal performance, longevity, and safety. Besides this, governing authorities of numerous countries are providing various incentives for the purchase of EVs, which is bolstering the market growth. Furthermore, the rising demand for automotive thermal systems that are tailored as per electric powertrains is supporting the market growth.
Technological Advancements:
Innovations in the automotive thermal management systems assist in enhancing efficiency, performance, and reliability, which is impelling the market growth. Advancements, such as advanced heating, ventilation, and air conditioning (HVAC) systems, lightweight materials, and intelligent heat exchangers are strengthening the market growth. These technological developments enable automakers to meet the evolving expectations of individuals for comfort, convenience, and sustainability while complying with regulatory requirements. Furthermore, key players are focusing on improving thermal efficiency, reducing energy consumption, and integrating smart features into automotive thermal systems for a safer and eco-friendly approach.
Leading Companies Operating in the Global Automotive Thermal System Industry:
Borgwarner Inc.
Continental Aktiengesellschaft
DENSO Corporation
General Motors Company
Gentherm Incorporated
Grayson Automotive Services Limited
Lennox International Inc.
MAHLE GmbH
Modine Manufacturing Company Inc.
Visteon Corporation
Automotive Thermal System Market Report Segmentation:
By Component:
Compressor
HVAC
Powertrain Cooling
Fluid Transport
Compressor represents the largest segment as it plays a pivotal role in managing the temperature and comfort of the interior environment of a vehicle.
By Vehicle Type:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Others
Passenger cars hold the biggest market share due to the rising focus on maintaining the optimal performance of an engine.
Regional Insights:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Asia Pacific enjoys a leading position in the automotive thermal system market on account of the presence of key manufacturers.
Global Automotive Thermal System Market Trends:
The growing demand for automotive thermal systems due to the increasing production of vehicles across the globe is offering a positive market outlook. There is a rise in the need for efficient cooling and heating solutions to maintain optimal operating conditions. Automotive thermal systems play a vital role in ensuring engine reliability, passenger comfort, and overall vehicle performance. The rising demand for vehicles on account of rapid urbanization is impelling the market growth.
Apart from this, manufacturers are prioritizing fuel efficiency to meet regulatory requirements. Automotive thermal systems play a crucial role in achieving optimal fuel economy by managing engine temperature and reducing energy consumption.
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Vehicle Light Weighting Technologies Market Will See Strong Expansion Through 2032
Vehicle lightweighting is an idea in the automobile business about structure vehicles and trucks that are less heavy as an approach to accomplish better fuel efficiency and handling. Carmakers make parts from carbon fiber, windshields from plastic, and bumpers out of aluminum foam, as approaches to reduce vehicle load. The use of these materials is selected based on their price, lightweight ability, ultimately, processing or consumption limitations. Advanced lightweight technologies help to improve automotive fuel consumption and guarantee safety and performance. The usage of lightweight materials reduces emissions by nearly 0.08g CO2/Kg, as with the launching of battery electric vehicles, which boosts the application of lightweight technology in automotive systems. The adoption of electric vehicles is one of the examples of light weight technologies as the parts and system of these vehicles are considerably less than other vehicles.
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The automotive industry has seen critical changes in material and manufacturing processes in the previous decade to conform to the outflow orders. Rules have constrained automakers to discover various options, for example, lightweight materials, improved proficiency in powertrain, and utilization of pure battery electric vehicles. Subsequently, it is simple for lightweight materials to compete in cost when compared with powertrain productivity measures and regulations. Advancements of reinforced and high-quality plastic for its use as windshield and window glass are evaluated to build the lightweight business sector of plastics. The high cost of materials, for example, carbon fibre-strengthened composites, titanium, and magnesium hinder the broad utilization of these materials. As crude materials have a high cost, OEMs in developing nations, who rely more upon economy passenger vehicles prefer to use materials than lightweight materials. However, the utilization of lightweight materials is expected to increase gradually in the coming years. The manufacturing cost of vehicle parts is higher than conventional materials. Along these, high procedure costs can control the development of the car lightweight material market.
Novelis Inc. announced that it is providing the fusion of Toyota Motor Corporation with a premium aluminum car body sheet for the all-new Toyota RAV4. The RAV4 is Toyota's number-one-selling vehicle and the top-rated non-pickup truck in the nation. With an as-good-as-ever plan that includes Novelis aluminum in the hood, bumpers, and liftgate, the fifth-age model of the RAV4 is 4% lighter than previous models.
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Key Vehicle Light Weighting Technologies Market Segments:
By Material:
• Steel
• Magnesium
• Aluminium
• Plastics
By Application:
• Body in white
• Chassis & suspension
• Powertrain
• Closures
• Interiors
By Region:
• North America (US, Canada)
• Europe (Germany, UK, France, rest of Europe)
• Asia-Pacific (China, Japan, India, rest of Asia-Pacific)
• LAMEA (Brazil, South Africa, rest of LAMEA)
Key Market Players:
• Toray Industries, Inc. (Japan)
• Tata Steel
• General Motors
• ArcelorMittal (Luxembourg)
• 3M
• DuPont
• Covestro AG (Germany)
• BASF SE (Germany)
• Toyota
• Honda Motor Co., Ltd.
• ThyssenKrupp AG (Germany)
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The surge in usage of electric vehicles
The introduction of electric vehicles has brought about technological advancement and revolution in the automotive business. These vehicles have a predominant execution than their internal combustion counterparts. Since electric vehicles have low-power engines, they utilize lightweight materials that drive the engine's pulling limit. In this manner, the expanding demand for electric vehicles gives a chance to the development of the lightweight material market. As electric vehicles reduce car emissions to help the environment the demand for the electrification of vehicles is also increasing.
Key benefits of the report:
• This study presents the analytical depiction of the global Vehicle light-weighting technologies market with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global Vehicle light-weighting technologies market.
• The current market is quantitatively analyzed to highlight the global Vehicle light-weighting technologies market growth scenario.
• Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global vehicle light-weighting technologies market analysis based on competitive intensity and how the competition will take shape in coming years.
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India's Auto Components Industry
Introduction
In recent years, India's auto component industry has experienced immense growth. The industry can be broadly classified into various organised and unorganised sectors. The organised sector contains high-value precision instruments and services OEMs, while the unorganised sector primarily caters to the aftermarket and consists of low-value goods. The industry has been a major driver of macroeconomic growth and employment. India's auto component industry has contributed 2.3% of the Gross Domestic Production (GDP) and employed around 3 million people directly and indirectly. Rising incomes and a fast-growing economy aided the growth of India's auto component industry. India has also experienced a rise in the demand for automobiles. India has the fourth-largest automobile industry, and the country dominates in the two-wheeler and the three-wheeler segment. This rising demand for automobiles has greatly supported the demand for auto components.
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Significance of India's auto component industry
India's auto components are well-known worldwide for their quality and their precision. India's auto component industry's turnover stood at Rs. 4.20 lakh crore (US$ 56.5 billion) as of FY22. The industry's turnover has grown significantly from US$ 39.05 billion in FY16 to US$ 56.50 billion in FY22, recording a CAGR growth of 6.35%. Demand from domestic OEMs has significantly contributed to the auto component industry at 81.1%. This demonstrates the correlation between India's automobile and auto component industries. This increase in turnover in FY22 can be largely attributed to shifting trends in market preferences towards larger and more powerful vehicles.
India's auto component exports stood at US$ 19 billion in FY22. The exports of auto components have increased from US$ 10.83 billion in FY16 to US$ 19 billion in FY22. North America dominates these auto component exports at 32%, Europe at 31% and Asia at 25%. India has also seen growing traction for two-wheeler auto components in Africa. This is due to rising incomes in Africa and the expertise of well-established OEMs in India with auto components suitable to the African market.
India's auto components aftermarket stood at US$ 10 billion in FY22. The industry grew at a CAGR of 8.02%, from US$ 6.80 billion in FY16 to US$ 10 billion in FY22. The auto component industry's aftermarket growth can be majorly attributed to engine components contributing a 24% share of the total aftermarket turnover, followed by Suspension and breaking at 15% and Drive emission at 14%.
Importance of Electric Vehicles in Auto components
India has experienced a growth in demand for electric vehicles. According to the Ministry of Heavy Industries, India has sold approximately 0.56 million electric vehicles in recent years. Most of India's electric vehicle markets are dominated by two-wheelers and three-wheelers. India's growing auto component industry aids this rise in demand for electric vehicles. India's electric vehicle auto component industry is divided into various component segments.
These components include various segments; these segments are:
Powertrain & Power Electronics:
India's powertrain and power electronics are critical components for electric vehicle manufacturing. The share of these components is almost 20-30% of the cost for manufacturers. India's electric power and electronics will be valued at more than US$ 2.5 billion by 2030.
Battery And Battery-Related Components:
Batteries contribute almost 40% share of the cost for electric vehicle manufacturers; it is one of the most expensive electrical components and has gained much traction in recent years. The government of India has introduced various policies to boost India's battery markets. These policies include the 'National Program on Advanced Chemistry Cell (ACC) Battery Storage (DHI) and the Battery swapping policy. India's EV battery market is expected to reach US$ 2 billion by 2026 and surpass US$ 3 billion by 2031.
Connectivity And Control Systems:
These are the systems responsible for the electric vehicle intelligence, efficiency and safety while the vehicles are in motion or on charge. These systems are essential and will play an important role for electric auto components manufacturers. To improve vehicle characteristics, several 2W players have joined with technology providers; for instance, Ather partnered with Google Cloud for cloud solutions, and Okinawa partnered with Aeris to connect and control the system of electric vehicles.
Electric vehicles are expected to play a major role in the auto component industries. According to ICRA, India's auto ancillaries' revenue is expected to grow by 8-10% in FY23. This will be due to favourable auto component manufacturing policies and rising demand for electric vehicles.
Government Initiatives for the Auto component Industry
The Government of India has introduced various policies to boost the auto component manufacturing industry. These policies have aided the auto component industry significantly. Few of these policies include:
Production Linked Incentives (PLI) for the Automobile and Auto Component industry:
In September 2021, India introduced the PLI scheme to boost automobile and auto component manufacturing. The scheme proposed financial incentives to boost domestic manufacturing of Advanced Automotive Technology (AAT) products and attract investments in the automotive manufacturing value chain. A total of 115 companies had filed applications under this PLI scheme, and it was able to attract proposed investments of Rs. 74,850 crores (US$ 9.38 billion) against the target of Rs. 42,500 crores (US$ 5.32 billion).
PLI Scheme for National Programme on Advanced Chemistry Cell (ACC) Battery Storage:
The scheme was notified in June 2022. The main aim of this scheme was to reduce the cost of battery manufacturing in India and make India globally competitive. The scheme will help the country transition from a fossil fuel-based automobile transportation system to electric vehicle-based transport. The government of India is expected to provide manufacturing incentives worth Rs. 18,100 crores (US$ 2.26 billion) to auto components manufacturers. In July 2022, the scheme received three bidders: Reliance New Energy Limited, Ola Electric Mobility Private Limited and Rajesh Exports Limited.
FAME INDIA II Scheme:
Faster Adoption and Manufacturing of Electric and Hybrid Vehicles (FAME) was introduced in India to promote India's transition from a fossil fuel-based automobile transportation system to electric vehicles. Phase II of this scheme had a total budget outlay of Rs. 10,000 crores (US$ 1.25 billion) from April 1, 2019 till the next three years. By supporting 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars (including Strong Hybrid), and 10 lakh e-2 Wheelers, this phase attempts to create demand for electric vehicles.
Conclusion
The rapidly globalising world is opening up new prospects for the transportation business, particularly as the industry shifts toward electric, electronic, and hybrid vehicles, which are more efficient, safe, and dependable. This will increase verticals and possibilities for auto component producers during the next decade. The government of India has already granted several manufacturing incentives to assist businesses in adapting to the sector's changing dynamics. India is also aggressively investing in electric vehicle infrastructure. These investments, alongside rising incomes and growing demand for sustainable transportation, will significantly aid the auto component industry and help achieve new heights in the upcoming years.
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Motorcycle Market Trends, Analysis & Forecast, 2032
Motorcycle Market is projected to reach USD 225.8 billion by 2032. The increasing demand for fuel-efficient and environmentally friendly transportation options will favor the industry growth. The surging rate of urbanization and traffic congestion is increasing the popularity of motorcycles for their maneuverability and efficiency in crowded areas. Additionally, the rising interest in recreational and adventure riding is driving the demand for off-road and sport motorcycles.
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Technological advancements, including electric motorcycles and smart features are further attracting consumers to seek modern and innovative transportation solutions. For instance, in January 2023, Hero MotoCorp, India's largest two-wheeler maker, commenced commercial trials of production for its flex-fuel motorcycles, expected to be introduced in the 100 to 125 cc mass segment, a significant part of the Indian ICE scooter business. The affordability and cost-effectiveness of motorcycles compared to four-wheeled vehicles is also making them a favorable choice in emerging markets, adding to the industry growth.
Motorcycle industry share from the electric propulsion segment is forecasted to exhibit robust growth rate through 2032, due to the increasing emphasis on sustainable transportation. Electric motorcycles help in meeting the growing environmental consciousness for offering emission-free and energy-efficient alternatives. The rising advancements in battery technologies, influx of government incentives, and the expanding charging infrastructure will also promote the adoption of electric motorcycles.
Motorcycle market value from the cruiser segment is projected to rise at substantial CAGR from 2024 to 2032, owing to the increasing demand for leisure riding experiences. Cruisers, known for their laid-back designs and comfortable riding stance, are increasingly appealing to riders seeking a relaxed and stylish journey. The rising popularity of cruiser motorcycles among enthusiasts for long-distance touring and recreational riding will also contribute to their heightened adoption. The strong focus of manufacturers on innovative features and customization options will further enhance the appeal of cruiser motorcycles, favoring the segment growth.
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North America motorcycle market size is projected to expand at significant CAGR from 2024 to 2032. The growth can be attributed to the rising appeal for recreational riding, the surge in demand for adventure motorcycles, and the growing popularity of electric motorcycles. Moreover, the strong appeal of motorcycling culture, favorable weather conditions for riding, and the introduction of innovative motorcycle models will further contribute to the regional industry expansion.
Some of the prominent companies operating in the motorcycle market include Bajaj Auto, Energica Motor Company, Harley Davidson, Hero, Honda Motorcycle, Kawasaki Heavy Industries, KTM, TVS, Yamaha, Zero Motorcycles. These industry players are working on partnerships with other companies to create new business possibilities for scaled revenues. For instance, in March 2023, Hero MotoCorp (India) invested up to $60 million in California-based Zero Motorcycles, forming a collaboration to develop powertrains and handle the manufacturing, sourcing, and marketing of electric motorcycles.
Partial chapters of report table of contents (TOC):
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Motorcycle market 3600 synopsis, 2018 - 2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2024-2032
2.3 Regional trends
2.4 Type trends
2.5 Propulsion type trends
2.6 Engine capacity trends
Chapter 3 Motorcycle Industry Insights
3.1 Industry ecosystem analysis
3.2 Supplier Landscape
3.2.1 Raw material suppliers
3.2.2 Component suppliers
3.2.3 Manufacturers
3.2.4 Distribution channel
3.2.5 End Users
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Price trend analysis
3.7 Key news and initiatives
3.7.1 Partnership/Collaboration
3.7.2 Merger/Acquisition
3.7.3 Investment
3.7.4 Product launch & innovation
3.8 Regulatory landscape
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Increasing urbanization and traffic congestion
3.9.1.2 More fuel-efficient compared to larger vehicles
3.9.1.3 Shifting consumer preferences
3.9.1.4 Increasing disposable income in developing economies
3.9.2 Industry pitfalls & challenges
3.9.2.1 Limited storage and passenger capacity
3.9.2.2 Safety concerns
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
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Specialty Polymers Market: Strategies for Sustainable Growth and Environmental Responsibility
Specialty polymers are advanced engineered materials which exhibits unique properties such as high strength, flexibility, chemical resistance and enhanced durability. They are gaining significant importance in various end use industries such as automotive, aerospace, electronics, medical and coatings owing to their ability to enhance performance and longevity of products. Rising health awareness and increasing adoption of specialty polymers in interior and exterior part of vehicles due to their lightweight and durable nature is expected to boost growth of automotive specialty polymers market.
The global Specialty Polymers Market is estimated to be valued at US$ 82 billion in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Opportunity:
Rising demand in automotive industry presents lucrative opportunity for specialty polymers market players. The increasing focus of automakers towards reduction of vehicle weight to comply with stringent emission norms is contributing to demand for lightweight specialty polymers. Specialty polymers such as polyamide, polyurethane, polysulphone and polyketone provide mechanical strength along with being lightweight. They are increasingly being utilized in applications including battery components, interior and exterior parts, powertrain components and electrical components. Additionally, growing preference for hybrid and electric vehicles owing to environmental concerns isaugmenting the use of specialty polymers in advanced batteries and fuel cell components. Manufacturers are extensively investing in development of high performance specialty polymers to cater to the rising demand from automotive industry.
Porter's Analysis
Threat of new entrants: The threat of new entrants is moderate. Specialty polymers require significant R&D investments and brand loyalty which make entry difficult. However, ease of backward integration lowers the threat to some extent.
Bargaining power of buyers: The bargaining power of buyers is moderate to high due to the availability of substitutes and undifferentiated products. Buyers can negotiate on price and demand value-added services.
Bargaining power of suppliers: The bargaining power of suppliers is moderate as raw materials for specialty polymers have few substitutes and demand fluctuations cannot be easily transferred back to suppliers.
Threat of substitutes: The threat of substitutes is moderate as traditional polymers still account for major market share and switching costs deter shifts to substitutes in many applications.
Competitive rivalry: Competition is intense owing to existence of numerous global and regional players. Players differentiate based on innovations, quality, and service offerings.
SWOT Analysis
Strengths: Specialty polymers exhibit unique properties and better performance than traditional ones. Established application base has resulted in strong brand loyalty.
Weaknesses: High R&D and production costs increase pricing pressures. Supply chain vulnerabilities can impact deliveries.
Opportunities: Expanding end-use industries offer fresh growth prospects. Developing nations present an untapped market.
Threats: Stringent environmental regulations around plastic waste management. Volatility in raw material prices raises input costs.
Key Takeaways
The global specialty polymers market is expected to witness high growth over the forecast period owing to expanding applications in various end-use industries. The market size for 2024 is estimated to be US$ 82 billion with a CAGR of 6.4% between 2023 to 2030.
Regional analysis: North America currently dominates the market owing to strong automotive, aerospace and healthcare industries in the region. The Asia Pacific region is expected to be the fastest growing market led by China, India and other developing nations with increasing consumption.
Key players: Key players operating in the specialty polymers market are BASF SE, Solvay, Evonik Industries AG, Celanese Corporation, Arkema, Eastman Chemical Company. These companies focus on new product launches, expansions and mergers & acquisitions to gain market share and cater to growing demand.
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