#ASEAN Automotive Aftermarket
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ASEAN Automotive Aftermarket Is Estimated To Witness High Growth Owing To Increasing Vehicle Usage and Aging Vehicle Fleet
The ASEAN Automotive Aftermarket market is estimated to be valued at US$28.7 Bn in 2023 and is expected to exhibit a CAGR of 9.8% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. A) Market Overview: The ASEAN Automotive Aftermarket refers to the secondary market for automotive parts, equipment, and services that are used to repair, maintain, and enhance vehicles after their initial sale. The market offers a wide range of products such as tires, batteries, lubricants, filters, brake pads, and accessories. The aftermarket provides consumers with more affordable options for vehicle maintenance and customization compared to original equipment manufacturers (OEMs). It plays a vital role in extending the lifespan of vehicles and ensuring their optimal performance and safety. B) Market key trends: One key trend driving the growth of the ASEAN Automotive Aftermarket is the increasing vehicle usage and the aging vehicle fleet. The rising population and improving purchasing power in the ASEAN region have led to an increase in vehicle ownership. As a result, the vehicle parc has been growing steadily, leading to a high demand for aftermarket products and services. Moreover, the average age of vehicles in the region is increasing, leading to a higher need for repairs and maintenance. This trend is expected to propel the growth of the ASEAN Automotive Aftermarket during the forecast period. For example, in countries like Thailand and Malaysia, where the automotive industry is significant, there has been a rapid increase in vehicle ownership. The growing number of vehicles on the road has created a massive market for aftermarket products and services. Additionally, the increasing average age of vehicles in these countries has further boosted the demand for replacement parts and maintenance services. C) PEST Analysis: - Political: The political stability in the ASEAN region promotes business growth and trade. Governments in these countries support the development of the automotive industry, which indirectly benefits the aftermarket market. However, political regulations and policies related to taxes, tariffs, and emissions standards can impact the import and export of aftermarket products. - Economic: The growing GDP and disposable income in the ASEAN region have contributed to increased vehicle ownership and aftermarket spending. Economic growth and consumer spending patterns are essential factors influencing the aftermarket market. D) Key Takeaways: 1) Market size: The ASEAN Automotive Aftermarket Size is expected to witness high growth, exhibiting a CAGR of 9.8% over the forecast period. The increasing vehicle usage, coupled with the aging vehicle fleet, is driving the demand for aftermarket products and services. For instance, as more vehicles enter the ASEAN market, there is a higher need for replacement parts, maintenance services, and customization options. 2) Regional analysis: Among the ASEAN countries, Thailand is expected to be the fastest-growing and dominating region in the Automotive Aftermarket. The country's booming automotive industry, along with a large vehicle parc and increasing average age of vehicles, creates significant opportunities for aftermarket players. 3) Key players Key players operating in the ASEAN Automotive Aftermarket are Bridgestone Corporation, Denso Corporation, Hella KGaA, BorgWarner Inc., Robert Bosch GmbH, Continental AG, Enkei Corporation, F.C.C. Co., Ltd., Mitsuba Corp., Schlemmer, Showa Corporation, Yachio Industry Co., Ltd., TOYOTA MOTOR CORPORATION, and ZF Friedrichshafen AG. These players are actively involved in developing and offering a wide range of aftermarket products and services to cater to the growing demand in the ASEAN market.
#ASEAN Automotive Aftermarket#ASEAN Automotive Aftermarket Demand#ASEAN Automotive Aftermarket Size#ASEAN Automotive Aftermarket Insights#Automotive and Transportation
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Industrial Coatings Market Dynamics, Top Manufacturers Analysis, Trend And Demand, Forecast To 2030
Industrial Coatings Industry Overview
The global industrial coatings market size was valued at USD 87.19 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2030.
Industrial coatings are widely used in various other end-use sectors, including automotive and vehicle refinish, electronics, aerospace, oil & gas, mining, marine, and power generation. Automotive and refinish coatings are among the major industrial coatings. The growing usage of refinish coatings for automotive maintenance, repair, and aftermarket painting on account of visual appearance, surface protection, and corrosion resistance is expected to propel the demand for industrial coatings.
Gather more insights about the market drivers, restrains and growth of the Industrial Coatings Market
Moreover, the growing need for customized designs and paints in vehicles is likely to support the market growth. The U.S. is a leading manufacturer of aerospace and related components and one of the major aerospace markets in the world. The availability of well-trained aerospace engineers, machinists & other skilled laborers, and increasing air commute are driving investments in the U.S. aerospace industry. The presence of prominent aircraft manufacturers, such as The Boeing Company, Gulfstream Aerospace, and Textron Aviation, Inc., is expected to significantly fuel the growth of the aerospace industry in the country.
This, in turn, is anticipated to create ample growth opportunities for the market during the forecast period. Increasing awareness about vehicle paint protection by healing damages and scratches on vehicle surfaces has boosted market growth. Moreover, expanding the consumer base in the Middle East and Asia Pacific regions on account of the rising disposable income is expected to boost the product demand in the automotive and other end-use industries during the forecast period. Increasing demand for industrial coatings from packaging applications, such as caps & closures, and cans, is also projected to positively influence market growth in the coming years.
Excellent CO2 retention properties to preserve freshness and high flexibility & adhesion of these coatings are boosting their demand in the packaging industry. Furthermore, increasing construction activities drive product demand in the wood industry. However, environmental and health hazards associated with Volatile Organic Compounds (VOCs) are majorly affecting the industry growth. Various environmental and safety regulations, such as The Occupational Safety and Health Administration (OSHA), The Environmental Protection Agency (EPA), and California Air Resource Board (CARB), are being implemented by governments globally to limit the harmful effects of these compounds on human health and the environment.
Industrial Coatings Market Segmentation
Grand View Research has segmented the global industrial coatings market report on the basis of product, technology, end-user, and region:
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Acrylic
Alkyd
Polyurethane
Epoxy
Polyester
Others
Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Solvent Borne
Water Borne
Powder Based
Others
End-user Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
General Industrial
Marine
Automotive & Vehicle Refinish
Electronics
Aerospace
Oil & Gas
Mining
Power Generation
Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
UAE
Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.
The global synthetic dyes market size was estimated at USD 6.35 billion in 2023 and is projected to reach at a CAGR of 6.8% from 2024 to 2030.
The global texture paints market size was estimated at USD 12,357.21 million in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030.
Key Companies & Market Share Insights
The industry is highly fragmented with the presence of several key as well as some small- and medium-scale global and regional players. The global players face intense competition from each other as well as from regional players who have well-established supply chain networks and are well aware of the regulations and suppliers in the market. Major players are involved in the expansion of their manufacturing facilities, R&D investments, mergers & acquisitions, and new product development to cater to the increasing global demand, ensure competitive effectiveness, enhance sales & operations planning, and expand their customer base. Some of the prominent players in the global industrial coatings market include:
Akzo Nobel N.V.
Axalta Coating Systems, LLC
Jotun
PPG Industries, Inc.
The Sherwin-Williams Company
Nippon Paint Holdings Co., Ltd.
Hempel A/S
Order a free sample PDF of the Industrial Coatings Market Intelligence Study, published by Grand View Research.
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Automotive Fascia Market: Impact Growth, Forecast, Research 2024-2032
The Reports and Insights, a leading market research company, has recently releases report titled “Automotive Fascia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031.” The study provides a detailed analysis of the industry, including the global Automotive Fascia Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Automotive Fascia Market?
The global automotive fascia market size was US$ 22.3 Billion in 2022. The global automotive fascia market is expected to register a revenue CAGR of 6.5% during the forecast period and reach a market size of US$ 39.3 Bn in 2031.
What are Automotive Fascia?
An automotive fascia is the front or rear section of a vehicle designed to enhance its appearance and aerodynamics. It usually incorporates parts like the bumper, grille, headlights, and trim pieces into a cohesive and attractive surface. Constructed from materials such as plastic, metal, or composites, the fascia also serves practical functions, including absorbing impact in minor collisions and housing sensors and other essential technological features found in modern vehicles.
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What are the growth prospects and trends in the Automotive Fascia industry?
The automotive fascia market growth is driven by various factors and trends. The automotive fascia market is a dynamic and expanding sector, fueled by advancements in vehicle design, increased demand for visually appealing and aerodynamically efficient vehicles, and the integration of cutting-edge technologies. Market growth is driven by factors such as rising vehicle production, consumer preferences for lightweight and durable materials, and stringent safety regulations. Innovations in materials, like high-performance plastics and composites, are improving the functionality and design potential of automotive fascias. Key industry players are focusing on research and development to provide customized and advanced fascia solutions, meeting the evolving demands of the automotive industry. Hence, all these factors contribute to automotive fascia market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Product Type:
Standard Fascia
Illuminated Fascia
Sports Fascia
Luxury Fascia
Others
Material Type:
Plastic
Metal
Composites
Others
Technology:
Passive Safety Systems
Active Safety Systems
Advanced Driver Assistance Systems (ADAS)
Connectivity and Integrated Electronics
Others
Vehicle Type:
Passenger Cars
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)
Electric Vehicles (EVs)
Others
Sales Channel:
Original Equipment Manufacturers (OEMs)
Aftermarket
Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
The U.K.
France
Spain
Italy
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Middle East & Africa:
Saudi Arabia
South Africa
United Arab Emirates
Israel
Who are the key players operating in the industry?
The report covers the major market players including:
Magna International Inc.
Samvardhana Motherson Group
Faurecia
Plastic Omnium
Flex-N-Gate Corporation
Montaplast GmbH
Compagnie Plastic Omnium
Hanwha Advanced Materials Corporation
Yanfeng Global Automotive Interiors
SRG Global
Toyoda Gosei Co., Ltd.
View Full Report: https://www.reportsandinsights.com/report/Automotive Fascia-market
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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Industrial Coatings Market Trends, Size, Revenue And Top Key Players, 2030
The global industrial coatings market size was valued at USD 87.19 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.5% from 2023 to 2030.
Industrial coatings are widely used in various other end-use sectors, including automotive and vehicle refinish, electronics, aerospace, oil & gas, mining, marine, and power generation. Automotive and refinish coatings are among the major industrial coatings. The growing usage of refinish coatings for automotive maintenance, repair, and aftermarket painting on account of visual appearance, surface protection, and corrosion resistance is expected to propel the demand for industrial coatings.
Gather more insights about the market drivers, restrains and growth of the Industrial Coatings Market
Moreover, the growing need for customized designs and paints in vehicles is likely to support the market growth. The U.S. is a leading manufacturer of aerospace and related components and one of the major aerospace markets in the world. The availability of well-trained aerospace engineers, machinists & other skilled laborers, and increasing air commute are driving investments in the U.S. aerospace industry. The presence of prominent aircraft manufacturers, such as The Boeing Company, Gulfstream Aerospace, and Textron Aviation, Inc., is expected to significantly fuel the growth of the aerospace industry in the country.
This, in turn, is anticipated to create ample growth opportunities for the market during the forecast period. Increasing awareness about vehicle paint protection by healing damages and scratches on vehicle surfaces has boosted market growth. Moreover, expanding the consumer base in the Middle East and Asia Pacific regions on account of the rising disposable income is expected to boost the product demand in the automotive and other end-use industries during the forecast period. Increasing demand for industrial coatings from packaging applications, such as caps & closures, and cans, is also projected to positively influence market growth in the coming years.
Excellent CO2 retention properties to preserve freshness and high flexibility & adhesion of these coatings are boosting their demand in the packaging industry. Furthermore, increasing construction activities drive product demand in the wood industry. However, environmental and health hazards associated with Volatile Organic Compounds (VOCs) are majorly affecting the industry growth. Various environmental and safety regulations, such as The Occupational Safety and Health Administration (OSHA), The Environmental Protection Agency (EPA), and California Air Resource Board (CARB), are being implemented by governments globally to limit the harmful effects of these compounds on human health and the environment.
Industrial Coatings Market Segmentation
Grand View Research has segmented the global industrial coatings market report on the basis of product, technology, end-user, and region:
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Acrylic
• Alkyd
• Polyurethane
• Epoxy
• Polyester
• Others
Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• Solvent Borne
• Water Borne
• Powder Based
• Others
End-user Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• General Industrial
• Marine
• Automotive & Vehicle Refinish
• Electronics
• Aerospace
• Oil & Gas
• Mining
• Power Generation
• Others
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o U.K.
o Italy
• Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
o ASEAN
• Central & South America
o Brazil
o Argentina
• Middle East & Africa
o Saudi Arabia
o UAE
Browse through Grand View Research's Paints, Coatings & Printing Inks Industry Research Reports.
• The global synthetic dyes market size was estimated at USD 6.35 billion in 2023 and is projected to reach at a CAGR of 6.8% from 2024 to 2030.
• The global texture paints market size was estimated at USD 12,357.21 million in 2023 and is projected to grow at a CAGR of 4.5% from 2024 to 2030.
Key Companies & Market Share Insights
The industry is highly fragmented with the presence of several key as well as some small- and medium-scale global and regional players. The global players face intense competition from each other as well as from regional players who have well-established supply chain networks and are well aware of the regulations and suppliers in the market. Major players are involved in the expansion of their manufacturing facilities, R&D investments, mergers & acquisitions, and new product development to cater to the increasing global demand, ensure competitive effectiveness, enhance sales & operations planning, and expand their customer base. Some of the prominent players in the global industrial coatings market include:
• Akzo Nobel N.V.
• Axalta Coating Systems, LLC
• Jotun
• PPG Industries, Inc.
• The Sherwin-Williams Company
• Nippon Paint Holdings Co., Ltd.
• Hempel A/S
Order a free sample PDF of the Industrial Coatings Market Intelligence Study, published by Grand View Research.
#Industrial Coatings Market#Industrial Coatings Industry#Industrial Coatings Market size#Industrial Coatings Market share#Industrial Coatings Market Analysis
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Motorcycle Suspension Systems
The Motorcycle Suspension Systems market, estimated at over US$ 1,459 million in 2019, is projected to experience a steady CAGR of 4.7% from 2018 to 2028. Comprising two telescopic tubes at the front and a swingarm mounted with a rear shock absorber, these suspension systems contribute to vehicle stability during braking and provide comfort to both riders and pillions during bumps. The increasing global sales of motorcycles, coupled with a growing population, the emergence of new motorcycle models, and a rise in per capita income, has fostered a robust ecosystem for the two-wheeler industry, including suspension system manufacturers. Sales are expected to witness a continuous upward trajectory throughout the forecast period, particularly in urban areas where motorcycles serve as a major mode of transportation due to increased population density and limited infrastructure, especially in developing regions.
To read more about the topic please visit site: https://bekryl.com/industry-trends/motorcycle-suspension-systems-market-share-analysis
Electric Motorcycle Revolution: A Revenue Opportunity for Suspension System Vendors
As leading motorcycle manufacturers shift toward electric mobility, governments implement policies and subsidies to boost electric vehicles, leading to the emergence of new players in the market. The electric mobility segment presents a double-digit growth opportunity for industry players, and long-term partnerships with e-motorcycle vendors could contribute significantly to revenue generation and provide a strong foothold in the electric mobility segment.
Aftermarket Growth Momentum
While OEMs continue to dominate motorcycle suspension system sales, the aftermarket segment is poised for the fastest growth during the forecast period, particularly in countries like India and China where the replacement rate for suspension systems is higher than the global average. In the OEM market, the motorcycle suspension system sector is highly consolidated, with the top seven players holding a 63% global share. These players focus on product innovation to meet end-user requirements.
Global Motorcycle Suspension Systems Market Size and Forecast: Regional Analysis
Asia Pacific Leading Global Sales: In 2018, Asia Pacific accounted for 59% of the global market share, driven by higher motorcycle sales in China and India, collectively representing over 71% of total motorcycle sales worldwide. Factors such as rapid urbanization, high population density, rising per capita income, and changing lifestyles have contributed to the region's growth. With automotive cluster zones in China and India, lower production costs have further fueled the flourishing automotive industry. The ASEAN region is also a key destination, expected to experience increased economic prosperity with the Free Trade Agreement. Moreover, the region houses densely populated cities such as Manila and Singapore, and the prevalence of electric motorcycles is anticipated to rise significantly by 2028.
North America's Significant Growth: North America, known for its sports motorcycles and home to leading manufacturers like Harley Davidson, is another key market. The motorcycle suspension systems market in North America is expected to register a CAGR of 3.8% between 2019 and 2028, driven by growing motorcycle sales, particularly in electric motorcycles and the ride-sharing concept.
Global Motorcycle Suspension Systems Market Size and Forecast: Competition Landscape
Key Motorcycle Suspension Systems market players include:
BMW Motorrad
KYB Corporation
Gabriel India Ltd.
Nitron Racing Shocks
Traxxion Dynamics
Tractive Suspension
BITUBO S.r.l.
ABE Bike Engineering
Duro Shox Pvt. Ltd.
SHOWA Corporation
Ohlins
Progressive Suspension Inc.
K-Tech Suspension, Inc.
ZF Friedrichshafen AG
Marzocchi Moto
Mupor Srl
Industry Segmentation
By Vehicle Type:
Motorcycle
Conventional Motorcycles
Electric Motorcycles
Scooter
Conventional
Electric Scooters
Mopeds
By Technology:
Passive
Active
By Distribution Channel:
OEM
Aftermarket
By Suspension Type:
Front
Rear
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Shifting Gears: Adapting to Change in the ASEAN Automotive Aftermarket
The ASEAN (Association of Southeast Asian Nations) automotive aftermarket is a rapidly growing industry, driven by the increasing demand for vehicle maintenance, repair, and customization services. The ASEAN region consists of ten countries with a combined population of over 600 million people, making it a significant market for the automotive industry. According to a report by TechSci Research, the ASEAN automotive aftermarket is expected to grow at a CAGR of 9.3% between 2020 and 2025, reaching a market size of USD 48 billion by 2025.
The growth of the ASEAN automotive aftermarket can be attributed to various factors, such as the increasing vehicle parc, rising disposable income, and the availability of affordable aftermarket parts and services. The ASEAN region has a large and diverse vehicle parc, comprising both domestic and international brands, which creates a significant demand for aftermarket services. Moreover, rising disposable incomes have increased consumer spending on vehicle maintenance and customization services, which further fuels the growth of the aftermarket industry.
Another key factor driving the growth of the ASEAN automotive aftermarket is the availability of affordable aftermarket parts and services. The region has a large number of local and international aftermarket players that offer a wide range of products and services at competitive prices. This has led to increased competition and innovation in the industry, which benefits both consumers and businesses.
In conclusion, the ASEAN automotive aftermarket is a rapidly growing industry that presents significant opportunities for businesses in the region. The increasing demand for vehicle maintenance, repair, and customization services, coupled with the availability of affordable aftermarket parts and services, is driving the growth of the industry. As the region's vehicle parc continues to grow, the ASEAN automotive aftermarket is expected to experience sustained growth in the coming years.
Read More: https://thetechnologynews-24.blogspot.com/2023/04/shifting-gears-adapting-to-change-in.html
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Mechanical Power Transmission Market Size, Trends, Outlook & Forecast till 2028
Mechanical Power Transmission Market is forecasted to witness a significant growth over the course of the forecast period according to a newly published report by Fact.MR. The study highlights the critical trends that are likely to mold the growth of Mechanical Power Transmission Market in the upcoming years. Further, the report introspects the various factors that are expected to influence the overall dynamics of Mechanical Power Transmission Market.
Enterprises working in the industrial good segment need to be fast in using the current smart data in a highly efficient manner. The B2B industrial goods manufacturing research expertise of Fact.MR provides high feasible and precise insights that will help you fuel your business forward in the highly competitive environments in the industrial goods segment. We help you to determine company’s position in the overall international market, assist you in making precise strategy execution based on detailed and minute evaluation of the underlying competition.
The report is an essential tool for stakeholders, upcoming market players, established companies, and investors who are looking to establish a strong presence in Mechanical Power Transmission Market landscape. A detailed understanding of the raw material suppliers, vendors, manufacturers, and other components of the supply chain is provided in report.
Reports are available at concessionary prices for first-time buyers!
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Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Global Mechanical Power Transmission Market: Segmentation
Globally, the mechanical power transmission market can be segmented on the basis of product type and end-use industry
Based on the product type, the global mechanical power transmission market can be segmented into
Belt Drives
V-Belt Drives
Synchronous Belt Drives
Chain Drives
Couplings
Clutches
Others
Based on the end-use industry, the global mechanical power transmission market can be segmented into
Automotive
Construction
Food & Beverages
Metals & Mining
Others
Based on the sales channel, the global mechanical power transmission market can be segmented into
OEM
Aftermarket
Key Takeaways from the Report
Current and future prospects of Mechanical Power Transmission Market in over the forecast period
Opportunity analysis for investors and market players in various regional markets
Regulatory and government policy framework relevant to Mechanical Power Transmission Market
Mergers, acquisitions, collaborations, and partnerships in Mechanical Power Transmission Market
Growth potential of the emerging market players in Mechanical Power Transmission Market
Key Players in Dermatological Products Market Segment:
ABB
Altra Industrial Motion
Regal Beloit Corporation
TSUBAKIMOTO CHAIN CO.
Renold
Rexnord Corporation
Hang Zhou Dong Hua Chain Group Co. Ltd.
Gates Corporation
AB SKF
The Timken Company
OPTIBELT GROUP
ContiTech AG
ELECTROMATE INC.
Weasler Engineering
BK Power Systems
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The report caters to the following questions related to Mechanical Power Transmission Market:
What is the anticipated value of Mechanical Power Transmission Market in upcoming years?
Who are the leading market players in Mechanical Power Transmission Market in various regions?
Which region is expected to witness the highest growth in terms of value during the forecast period?
How are market players in Mechanical Power Transmission Market adjusting to the economic slowdown worldwide?
Which country amongst regions is expected to have a majority of the market share during the assessment period?
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About Fact.MR
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ASEAN Automotive Aftermarket worth US$ 48 Bn by 2026
Passenger car segment of the ASEAN automotive aftermarket to expand at a significant CAGR in terms of value and witness an upward growth in the coming decade
By vehicle type segment, the passenger car segment is likely to remain the most attractive segment in the ASEAN automotive aftermarket in terms of CAGR. The Passenger car segment of the ASEAN automotive aftermarket was estimated to hold more than 60% market value share and was valued at over US$ 10 Bn by 2015 end. The Passenger car segment is projected to gain more than 1000 BPS by 2026 as compared to that in 2016, expanding at a CAGR of close to 11% over the forecast period. There has been a global increase in passenger car sales as these vehicle types are getting economical and are easily available to middle class consumers in the ASEAN automobile market.
According to our analysts, the automobile market for passenger cars is anticipated to show positive growth as customers are exhibiting increased affinity towards this form of transport. The Passenger car segment is estimated to hold more than 80% share in the total incremental opportunity between 2016 and 2026. In replacement and repair, the Passenger car segment held more than 60% share in 2015 which is double the share than the Commercial vehicle segment.
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Increase in average age of passenger cars will upsurge parts and accessories replacements
With passenger cars emerging as favourable means of transport, the average miles driven per vehicle has increased over time. This increase in miles driven per vehicle is closely associated with more wear and tear of parts, which in turn requires timely maintenance and repair. Moreover, the quality of road infrastructure has a significant impact on the life of a vehicle and its parts. A pothole can cause a severe impact on tires or can cause wheel rim damage. The pits on the road could also lead to premature wear on shocks and struts, suspension damage, steering system misalignment, exhaust system damage or engine damage. In some countries of ASEAN there is increasing vehicle parc and these countries have poor quality road infrastructure. As a result, more wear and tear occurs thus requiring the need for replacement of parts. This particular factor is driving the growth of the ASEAN automotive aftermarket.
The aftermarket includes various interior and exterior passenger car accessories such as fancy dashboards, seat covers, pedals, dome lights, LED lights, gauges, spoilers, wheel rims, light bars, stop and tail lights, mirrors, stickers, number plates etc. These components have limited lifespan and are constantly evolving according to growing consumer demands. As a result, the ASEAN automotive aftermarket is driven by innovation in accessories and parts.
Increase in average age of passenger cars will upsurge parts and accessories replacements
Increasing age of passenger cars and significant need for replacement of parts, repair and maintenance is driving the ASEAN automotive aftermarket
Demand for aesthetics, infotainment and comfort features in passenger cars is driving the ASEAN automotive aftermarket
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Passenger car segment is projected to expand at a CAGR of more than 10% over the forecast period in Malaysia
The Passenger car segment of the Malaysia automotive aftermarket is projected to gain more than 160 BPS by 2026 as compared to that in 2016, expanding at a CAGR of more than 10% over the forecast period. The Passenger car segment accounted for more than 90.8% of the market value share of the total Malaysia automotive aftermarket in 2016 and is projected to reach 92.0% by 2026. It is also anticipated to represent an incremental $ opportunity of more than US$ 8,000 Mn between 2016 and 2026. Owing to economical prices offered by manufacturers in Malaysia, the Passenger car segment is expected to gain momentum in the near future due to the rise in the sales of automobiles. According to the report, the Passenger car segment is estimated to grow at a CAGR of more than 0.5% as compared to the Commercial vehicle segment in the Singapore automotive aftermarket, while in Thailand the Passenger car segment is anticipated to remain the foremost market growth segment.
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ASEAN Automotive Bearings Market Expectations and Growth Trends Highlighted Until 2032
Global sales of automotive bearings are set to be valued at over US$ 964.8 Mn in 2022, with a stable long-term projection, according to Future Market Insights (FMI). A new report estimates the market to expand at over 5.3% CAGR from 2022 to 2032.
According to Future Market Insights, the ongoing growth in the automotive sector in ASEAN region is expected to create opportunity for the automotive bearing manufacturers in the region. As per the Automotive federation of ASEAN overall sales of motor vehicle were 3.4 Mn in year 2019, The number will increase in the coming years due to population growth and economic development which has created huge opportunity for automotive bearings demand.
The demand for automotive bearings in the ASEAN market was negatively impacted in FY 2020 due to global COVID -19 outbreak, which also led to shut down of production industries. Distribution of various products and industrial goods were hampered, including production and sales of automotive bearings.
This highly impacted the automotive industry and the production of motor vehicle was down by 20% in FY 2020. However, in last quarter of 2020 effect of COVID faded and industries started to get back on track. The demand for automotive bearings in ASEAN region is therefore expected to pick up at a steady pace in the coming years.
Prominent players operating in the market are involved in technological innovations. The market has seen various innovative products in recent past which has fueled the demand of the bearings. Also Introduction of Electro mobility has boosted the demand. Rising vehicle sales in the region has created huge opportunity for aftermarket sales. Thus the automotive bearings market is expected to grow at an impressive rate in upcoming period.
Key Takeaways from Automotive Bearings Market Study
By application, automotive bearings for transmission system are projected to hold more than 1/4th value share of the ASEAN market in 2022.
By product type, the roller bearings segment is set to hold more than half of the market share on value basis by the end of forecast period.
Thailand will remain the primary market, backed by rising demand from automotive industry in the country. It is expected to account for over 30.2% of the demand registered in ASEAN in 2022.
By vehicle type, passenger car segment is expected to hold significant market share & grow at high growth rate of 5.0% CAGR in forecasted period.
Sales of automotive bearings in ASEAN is expected to reach 1.6 Bn in 2032.
“Expansion of automotive production will encourage automotive bearing manufacturers in ASEAN to focus on product launches. Besides this, they are expected to strengthen their aftersales services to gain competitive edge,” says a Future Market Insights analyst.
Who is winning?
The Automotive Bearings market is highly consolidated with having key players accounting for around more than 75% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.
Some of the key players in this industry include but are not limited to Schaeffler AG, JTEKT Corporation, AB SKF, Minebea Mitsumi Inc., NSK Ltd, NTN Bearing Corporation, The Timken Company, Saint-Gobain, Nachi-Fujikoshi Corp., Fersa Group, C&U Group Ltd, and Metro Bearing and Automotive Limited.
Find More Valuable Insights
The research report analyzes demand for Automotive Bearings. The global Automotive Bearings market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of product type, Vehicle type, Application, Sales channel, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand factors.
About Future Market Insights – Automotive and Transportation
The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behavior.
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Vietnam Automotive Aftermarket Size, Share & Trends Analysis Report By Application, By Region, And Segment Forecasts till to 2025: Ken Research
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Due to rapid urbanization and growth of passenger vehicle sales, Vietnam Automotive Aftermarket Service Industry is expected to grow at a CAGR of ~8.4% between 2020 and 2025: Ken Research
Increased awareness on health and hygiene in the post COVID-19 scenario has acted as a catalyst for the demand of private vehicles, which contributes to the aftermarket services industry.
Rapid urbanization couple with fast growing middle class section is another major growth driver in the market as it has led to higher disposable income and in turn shift in preference from two wheelers to four wheelers.
Low localization rate and increased dependency on imports for components and spare parts acts as a challenge in the aftermarket industry
Increasing Car Ownership and Reduction of Import Tax: Vietnamese government has proposed various regulations since FY’18 to improve the ecosystem of the automotive industry and making it to convenient for the consumers to purchase private vehicles by reducing the import tax to 0% for cars imported from ASEAN region, which brings down the price of the final product. Government initiatives to strengthen Vietnam’s road infrastructure along with the increased awareness on health and hygiene brought about by the advent of COVID-19 is expected to increase the prospect of vehicle ownership in the future. There has been a gradual surge in vehicle parcs in recent times, expanding at a CAGR of ~25.7% in between FY’15 and FY’20. Growth of car ownership in Vietnam stood at ~10.5% in FY’20, which was comparatively higher than its South East Asian counterparts. Increasing car ownership acts as catalyst for the aftermarket services industry which is expected to grow at a significant rate in coming years.
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Rapid Urbanization and Fast Growing Middle Class: Rapid urbanization over the years is contributing to the growth of automotive market in Vietnam, as more and more consumers are migrating to urban cities. It is estimated that in FY’20, the urbanization rate stood at ~37.3% of its overall population compared to ~36.6% rate in FY’19. Urbanization serves as one of the growth drivers for the aftermarket service industry as consumers migrate for better payment opportunity in the cities, it allows them to have the financial means to avail private transport thereby increasing the prospect of aftermarket services. To curb excessive traffic jams in the cities, Hanoi, a major city in the Northern Region of Vietnam has proposed to ban motorcycles by 2030, thereby enhancing the opportunity of passenger vehicle sales for the country’s fast growing middle class in coming years.
Enhancing Online Ecosystem: Aftermarket service companies in Vietnam has not been able to adapt to the growing significance of the online ecosystem over the years. However, the advent of COVID-19 has changed the perception of consumers towards the utilization of online space. More consumers are utilizing digital medium for buying and selling products as well as booking services through online medium. Similarly, there exist a shift in aftermarket service industry wherein consumers are preferring to book slots for their vehicle services online. Therefore, the automotive aftermarket service and spare parts companies are expanding their presence in the online space for better visibility among consumers and compete on the basis of brand integration. Servicing companies have initiated the process of online booking to enhance customer’s convenience. This also helps the servicing companies to maintain COVID protocols such as curb in overcrowding in public places as set by the Vietnamese government.
Increased Awareness on Health and Hygiene: With the advent of COVID-19, consumers were witnessed to be more concerned on maintaining personal health and hygiene. Therefore they are preferring the option of private transportation rather than availing public transport system. The change in consumer’s behavior and preference is expected to act as an opportunity for the automotive aftermarket service industry in Vietnam. As more and more consumers prefer availing private transportation medium, the demand for new cars would surge in the coming years. With the surge in the vehicle parc, consumers would also require to periodically maintain their vehicle every 18 months as prescribed by the government of Vietnam, thereby the demand for aftermarket services would enhance. Therefore the future prospect of the industry looks strong wherein OEM and multi brand workshops in the market could utilize this opportunity to integrate the domain.
Integration of Electric Vehicles: In order to curb the rising impact of climate change, governments all over the world have pledged to reach zero net carbon emissions by 2050. Hence, there is a greater deliberation of replacing fuel operated vehicles with electric vehicles (EVs) to minimise pollution. “National Automobile Development Strategy by 2025” adopted by the Vietnamese government aims to stimulate manufacturing and increase the volume of use of EVs in the coming years. With the integration of EVs in the market, vehicle service companies will have to update their equipment's and train their mechanics for servicing electric cars which would require huge investment by these companies thus, impacting their business financials. Unorganized workshops will face challenge in servicing EVs as they operate on lower budget than required to cater to the demand of EV ecosystem.
Lack of Technological Adoption and Dependence on Imports: Domestic automotive and aftermarket services industry has not been able to invest in core and high end technology products such as transmission system. Localized parts required for vehicle servicing and production are mostly of low technology products such as tires, mirrors, glasses, batteries and plastic products. Therefore, aftermarket services industry in Vietnam remains largely dependent on imported components and spare parts, which increases their cost of operating their business.
The report titled “Vietnam Automotive Aftermarket: OEM, Multi-brand Outlet Services and the Spare Parts Market - Outlook to 2025: Driven by Rapid Urbanization and Growth of Vehicle Sales; fueled by Fast Growing Middle Class population and the growing preference for private vehicles in the post-COVID scenario” by Ken Research suggested that the automotive aftermarket service industry in Vietnam is expected to grow further in the near future, with the surge in vehicle parc due to increased awareness on health and hygiene followed by the aftermath of COVID-19, thus showcasing a change in consumer preference from availing public transport to private transportation medium. As more consumers shift from availing motorbikes which has historically been the dominant form of transportation in Vietnam to availing four wheeler vehicles, the demand for aftermarket services would increase in coming years. Rapid urbanization coupled with fast growing middle class would act as major growth drivers for the aftermarket service industry in Vietnam. The market is expected to register a positive CAGR of 8% in terms of revenue during the forecast period of FY’20-FY’25E.
Key Segments Covered in Vietnam Automotive Aftermarket Service Industry:-
By Type of Workshop
OEM/Authorized
Large Multi Brand
Small/Unorganized
By Type of Vehicle Serviced
Sedan
SUV
Hatchback
Compact SUV
MPV
By Age of Car
0-3 years
3-6 years
6-9 years
9 years & above
By Region
North
Central
South
By Booking Mode
Online
Offline (including telephonic as well as Physical Booking)
By Service Split
Maintenance
Car Care
Accident Repair
Vietnam Spare Parts Aftermarket Segmentation
By Type of Spare Parts
Tires
Battery
Shocks & Struts
Oil & Lubricants
Drain Plug Gasket
Alternator & Starter
Others
Key Target Audience:-
Automotive Companies
OEM Vehicle Service Companies
Multi Brand Vehicle Service Companies
Automotive Spare Parts Companies
Government Bodies
Automotive Associations
Time Period Captured in the Report:-
Historical Period: 2015-2020
Forecast Period: 2020-2025
Automotive Aftermarket Service Companies in Vietnam:-
OEM/Authorized Vehicle Service Companies
Hyundai Vietnam
Toyota Motors Vietnam
Honda Vietnam
Mitsubishi Vietnam
Ford Vietnam
Suzuki Vietnam
Vinfast
Lexus
THACO
Multi Brand Vehicle Service Companies
Vietnam Car Care
Thanh Phong Auto
Vuong Phat Auto
Garage Doanh Workshop
Thanh Tam Auto
Vu Khoi Garage
Pham Vu
Ngyuen Khoi
Liem Gia Phat
Spare Part Suppliers
Denso
Yazaki
Sumitomo Electric
Toyota Boshoku
Harada
Hanoi Plastics
Casumina
Kumho Tires
Estec
Pinaco
Tam Hop
Key Topics Covered in the Report:-
Vietnam Automotive Aftermarket Service Industry Overview
Value Chain Analysis of Vietnam Automotive Aftermarket Service Industry
Ecosystem of Major Entities of Vietnam Automotive Aftermarket Service Industry
Market Size of Vietnam Automotive Aftermarket Service Industry on the basis of Revenue and Number of Vehicles Serviced, FY’15-FY’20
Passenger Vehicle Sales in Vietnam, FY’15-FY’20
Vehicle Parc in Vietnam, FY’15-FY’20
Vietnam Automotive Aftermarket Service Industry Segmentation, FY’20
Competitive Analysis of Vietnam Automotive Aftermarket
Competition in Vietnam OEM Automotive Aftermarket Service Industry
Competition in Vietnam Multi Brand Automotive Aftermarket Service Industry
Company Profiles of Hyundai, Toyoto Motors, Vinfast, Mitsubishi Motors, Honda, Vietnam Car Care, Thanh Phong Auto, Vuong Phat Auto, Garage Doanh Workshop and Thanh Tam Auto
Pricing of Major OEM Automotive Service Companies
Pricing of Major Multi Brand Automotive Service Companies
Trends and Developments in Vietnam Automotive Aftermarket Service Industry
Issues and Challenges in Vietnam Automotive Aftermarket Service Industry
Porter 5 Forces Analysis of Vietnam’s Automotive Aftermarket Service Industry
Government Regulations in Vietnam Automotive Aftermarket Service Industry
Key Decision Making Parameters for Automobile Servicing: OEM and Multi Brand Vehicle Servicing Companies
Technology Platforms used by OEM and Multi Brand Vehicle Service Companies
Analysis of Multi Brand and OEM Workshops in Vietnam
Operating Model of Multi Brand Workshops in Vietnam
Operating Model of OEM Workshops in Vietnam
Pain Points in the OEM and Multi Brand Aftermarket Industry
Opportunities in the OEM and Multi Brand Aftermarket Industry
Spare Parts Landscape in Vietnam
Market Size of Spare Parts Aftermarket Industry and Classification by Different Type of Spare Parts
Ecosystem by Different Type of Spare Parts and Consumables Market in Vietnam
Impact of COVID in the Vietnam Automotive and Aftermarket Industry
Future Market Size of Vietnam Automotive Aftermarket Service Industry on the basis of Revenue and Number of Vehicles Serviced, FY’20-FY’25E
Future Outlook and Segmentations for Vietnam Automotive Aftermarket Service Industry, FY’20-FY’25E
Analyst Recommendation
For More Information on the research report, refer to below link:-
Vietnam Automotive Aftermarket Service Market
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Ignition Coil Market Technological Trends and Future Threats Analysis by 2024-2032
The Reports and Insights, a leading market research company, has recently releases report titled “Ignition Coil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031.” The study provides a detailed analysis of the industry, including the global Ignition Coil Market Size share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Ignition Coil Market?
The global ignition coil market size was US$ 2.7 Billion in 2022. Furthermore, the market is expected to register a revenue CAGR of 4.8% during the forecast period and reach a market size of US$ 4.1Bn in 2031.
What are Ignition Coil?
An ignition coil plays a vital role in the ignition system of an internal combustion engine, converting the low voltage from the battery into the high voltage necessary to produce a spark in the spark plugs. This spark initiates the combustion process by igniting the fuel-air mixture in the engine's cylinders, powering the vehicle. Operating on electromagnetic induction principles, the ignition coil comprises a primary coil winding that receives the low voltage and a secondary coil winding that generates the high voltage.
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What are the growth prospects and trends in the Ignition Coil industry?
The ignition coil market growth is driven by various factors and trends. The ignition coil market is on a stable growth trajectory globally, propelled by the growing automotive industry worldwide. These coils are indispensable for ensuring efficient engine ignition in gasoline-powered vehicles. Technological advancements, including the introduction of sophisticated ignition systems that enhance fuel efficiency and lower emissions, are further fueling market growth. Moreover, the increasing popularity of electric vehicles is opening up new avenues for ignition coil manufacturers, as these vehicles still rely on ignition systems for specific functions. With the automotive sector evolving towards more efficient and environmentally friendly vehicles, the ignition coil market is poised for continued expansion. Hence, all these factors contribute to ignition coil market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Conventional Ignition Coils
Distributor Ignition Coils
Coil-on-Plug Ignition Coils
Smart Ignition Coils
Vehicle Type:
Passenger Cars
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)
Electric Vehicles (EVs)
Technology:
Conventional Ignition Systems
Capacitive Discharge Ignition (CDI) Systems
Electronic Ignition Systems
Distributorless Ignition Systems (DIS)
Sales Channel:
Original Equipment Manufacturers (OEMs)
Aftermarket
Application:
Gasoline Engines
Diesel Engines
Compressed Natural Gas (CNG) Engines
Others
Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
The U.K.
France
Spain
Italy
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Middle East & Africa:
Saudi Arabia
South Africa
United Arab Emirates
Israel
Who are the key players operating in the industry?
The report covers the major market players including:
Bosch
Denso Corporation
Delphi Technologies (now part of BorgWarner)
NGK Spark Plug Co., Ltd.
Valeo
Standard Motor Products, Inc.
Hitachi Automotive Systems
Federal-Mogul (now part of Tenneco)
Mitsubishi Electric Corporation
ACDelco (a division of General Motors)
Bremi Fahrzeug-Elektrik GmbH & Co. KG
Hella GmbH & Co. KGaA
Continental AG
SMP Deutschland GmbH (formerly BERU)
Mitsubishi Electric Automotive America, Inc.
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Automotive Foams Market - Global Industry Outlook Research Report 2021-2026 Added By DecisionDatabases
The global Automotive Foams Market report offers a comprehensive assessment of the market for the forecast years. The report contains several segments and an analysis of the market trends and growth factors that are playing a vitalrole in the market. These factors encompass the drivers, restraints, and opportunities. This global industry offers an outlook on the strategic development of the market in terms of revenue profits over the forecast period 2021-2026.
The key market players for the global Automotive Foams market are listed below:
Woodbridge Foam Corp
Lear Corp
Recticel
DowDuPont
BASF
Adient Plc
Bridgestone Corp
Saint-Gobain
Caligen Foam
Zotefoams
Others
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The Global Automotive Foams Market Report is equipped with market data from 2016 to 2026. The report gives a market overview covering key drivers and risk factors. The report is bifurcated by top global manufactures mentioning sales, revenue, and prices as applicable. It also evaluates the competitive scenario of the leading players. The report expands to cover regional market data along with type and application. The report forecasts sales and revenue from 2021 to 2026. The detailed sales channel is also covered in the study.
COVID-19 Impact Analysis on Automotive Foams Market
The global pandemic COVID-19 has affected the Automotive Foams market directly or indirectly. This study covers a separate section giving an explicitly clear understanding of the aftereffects of this pandemic. The detailed study highlights the probable outcomes of this global crisis on the Automotive Foams industry. The impact study on production, supply-demand, and sales provides a holistic approach to the future.
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Why Purchase this Report?
A robust research methodology has been followed to collect data for the report. Data, thus collected passes through multiple quality checks to ensure the best quality is served.
The report gives a holistic view of the competitive scenario of the Automotive Foams market
The latest product launches along with technological changes and development are covered in the report.
The data analysis in the report helps in understanding the anticipated Automotive Foams market dynamics from 2021 to 2026.
DecisionDatabases has a vast repository of data, therefore, we can accommodate customized requirements also.
The graphs, tables and pie charts, and info-graphics covered in the report will help in a better understanding of the report.
The market drivers, restraints, upcoming opportunities, and anticipated restraints cited in the report will assist in making an informed decision.
To better understand the market scenario, the Automotive Foams market is segmented as below:
By Types:
Polyurethane
Polyolefin
Styrenic
Polyvinyl chloride
Phenolic
Melamine
By Applications:
OEM
Aftermarket
By Regions:
North America (U.S., Canada, Mexico)
Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of L.A.)
The Middle East and Africa (Turkey, GCC, Rest of Middle East)
The content of the study subjects includes a total of 14 chapters:
Chapter 1: To describe Automotive Foams product scope, market overview, market opportunities, market driving force, and market risks. Chapter 2: To profile the top manufacturers of Automotive Foams, with price, sales, revenue, and global market share of Automotive Foams in 2018 and 2019. Chapter 3: The Automotive Foams competitive situation, sales, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4: The Automotive Foams breakdown data are shown at the regional level, to show the sales, revenue, and growth by region, from 2015 to 2020. Chapter 5 and 6: To segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020. Chapter 7, 8, 9, 10 & 11: To break the sales data at the country level, with sales, revenue, and market share for key countries in the world, from 2016 to 2021 and Automotive Foams market forecast, by regions, type, and application, with sales and revenue, from 2021 to 2026. Chapter 12, 13 & 14: To describe Automotive Foams sales channel, distributors, customers, research findings and conclusion, appendix, and data source.
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DecisionDatabases.com is a global business research report provider, enriching decision-makers, and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research reports, customized research reports, company profiles, and industry databases across multiple domains. Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise, and meaningful data at a lightning speed.
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Reference Source:
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#Automotive Foams Market#Automotive Foams Market Report#Automotive Foams Market Size#Automotive Foams Market Share
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Automotive Proportioning Valves Market Study: An Emerging Hint of Opportunity by 2032
Automotive Proportioning valves are used in vehicle’s brake system to reduce the brake fluid pressure applied to each axle set of the brake system. Automotive Proportioning valves is a necessary component of the brake system connecting the master cylinder to the rest of braking system. Automotive Proportioning Valve is a spring loaded device. Automotive Proportioning Valves helps in adjusting the distribution of the brake force between the rear and front wheels and subsequently avoids the rear tires from locking up. Owing to increasing automotive sales and vehicle fleet, the demand for Automotive Proportioning Valves is also estimated to witness significant growth in the coming years. This in turn is expected to contribute to the growing market of Automotive Proportioning Valves across the globe during the forecast period.
The global automotive proportioning valves market size is anticipated to be valued at US$ 285.4 Million in 2032.
As per the report, sales in the global automotive proportioning valves market are projected to reach US$ 195.1 Million in 2022 and exhibit steady growth at a CAGR of 11.8% in the forecast period (2022-2032).
Automotive Proportioning Valves Market: Dynamics
Sales of Automotive Proportional Valves is directly proportional to the automotive production and automotive fleet on road. Increasing demand for passenger cars is leading towards growing automotive production and automotive sales particularly in the developing regions. Growing automotive production is estimated to be key factor driving the demand for automotive proportioning valves across the globe. Increasing automotive sales is continuously adding to the total vehicle fleet across the globe. This in turn is anticipated to create significant opportunities in the aftermarket sales segment for Automotive Proportioning Valves market during the forecast period.
Growing popularity of an Electronic Brake Proportioning EBP particularly in the new model vehicles is estimated to be the key factor restraining the growth of global Automotive Proportioning Valves market during the forecast period. Late car models equipped with advanced features such as traction control, Anti-lock Braking System, and electronic stability do not prefer the usage of mechanical proportioning valve, instead the proportioning is handled by the ABS system, providing improved control and stability.
Growing customer’s traction as well as increasing government focus towards electric vehicles is expected to be an ongoing trend gaining momentum in the global automotive proportioning valves market. Rapidly growing electric vehicle market with expected fall in the manufacturing costs for all classes of electric vehicle is also considered to be one of the major factor propelling the demand for electric vehicles during the forecast period.
Automotive Proportioning Valves Market: Regional Outlook
The market for Automotive Proportioning Valves is expected to witness significant growth in the coming years owing to growing automotive industry across the developing region. Growing automotive production in countries such as Iran, India, ASEAN, Finland, Sweden, Russia, Netherlands, and Turkey is expected to create substantial opportunity in the Automotive Proportioning Valves market in Europe and Asia Pacific region during the forecast period. Growing market for electric vehicles in countries such as China and U.S. is also estimated to drive the demand for Automotive Proportioning Valves market in the coming years. Growing vehicle fleet in Latin America and Middle East & Africa region is also estimated to drive the demand for Automotive Proportioning Valves market during the forecast period
Automotive Proportioning Valves Market: Key Participants
Examples of some of the market participants identified across the value chain of the global Automotive Proportioning Valves market include:
ACDelco
Knorr-Bremse AG
Emmerson Electric Co.
Wilwood Engineering, Inc.
Heidts Automotive LLC
Veoneer-Nissin Inc
IBARA SEIKI CO., LTD.
Baer Brakes
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Automotive Proportioning Valves Market: Segment
The global Automotive Proportioning Valves market has been segmented by Product type, by vehicle type and by sales channel
On the basis of Product type, the global Automotive Proportioning Valves market has been segmented as:
Master Cylinder-Mounted Automotive Proportioning Valves
Load Sensing Automotive Proportioning Valves
Combination Valve-Mounted Automotive Proportioning Valves
On the basis of vehicle type, the global Automotive Proportioning Valves market has been segmented as:
Conventional Vehicles
Passenger Car
Compact Cars
Mid-size cars
SUVs
Luxury Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
On the basis of Sales Channel, the global Automotive Proportioning Valves market has been segmented as:
Original Equipment Manufacturer (OEM)
Aftermarket
Report Highlights:
Detailed overview of the parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current, and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
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Automotive Door Hinges Market Registering a Strong Growth by 2031
A recent market study published by FMI on the automotive door hinges market includes global industry analysis for 2016-2020 & opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters of the automotive door hinges market, the growth prospects of the market are obtained with maximum precision.
Automotive Door Hinges Market: Taxonomy
The global automotive door hinges market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
Product Type
Front & Rear Automotive Door Hinges
Tailgate Hinges/Bonnet Hinges
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Material
Steel
Aluminum
Brass/Bronze/Composite Material
Report Chapters
Chapter 01 – Executive Summary
The report initiates with the executive summary of the automotive door hinges market, which includes a summary of key findings and statistics of the market. It also includes the demand-side & supply-side trends about the automotive door hinges market.
Chapter 02 – Market Introduction
Readers can find the definition and a detailed taxonomy of the automotive door hinges market in this chapter, which will help them understand basic information about the market. Along with this, comprehensive information pertaining to automotive door hinges is provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the automotive door hinges market report.
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Chapter 03 – Automotive Door Hinges Market Background
This chapter explains key macro-economic factors that are expected to influence the growth of the automotive door hinges market over the forecast period. This section also covers COVID-19 impact assessment for the global market. Along with the macroeconomic factors, this section also highlights the value chain and forecast factors for the automotive door hinges market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Chapter 04 – Global Automotive Door Hinges Market Demand Analysis 2016-2020 and Forecast, 2021-2031
This section explains the global market volume analysis and forecast for the automotive door hinges market in the forecast period of 2021-2031.
Chapter 05 – Global Automotive Door Hinges Market Analysis by Product Type
This chapter provides details about the automotive door hinges market based on product type, and has been segmented as front & rear automotive door hinges and tailgate hinges/bonnet hinges. In this chapter, readers can understand the market attractive analysis based on product type.
Chapter 06 – Global Automotive Door Hinges Market Analysis 2016-2020 & Opportunity Assessment 2021-2031, by Sales Channel
Based on Drive Type, the automotive door hinges market is segmented into OEM and aftermarket. In this chapter, readers can find information about the key trends and developments in the automotive door hinges market and market attractiveness analysis based on sales channel.
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Chapter 07 – Global Automotive Door Hinges Market Analysis by Material
This chapter provides details about the automotive door hinges market based on material, and has been segmented as steel, aluminum and brass/bronze/composite material. In this chapter, readers can understand the market attractive analysis based on material.
Chapter 08 – Global Automotive door hinges Market Analysis by Vehicle Type
This chapter provides details about the automotive door hinges market based vehicle type, and has been segmented as passenger car (compact, mid-size, luxury & SUV), LCV and HCV. In this chapter, readers can understand the market attractive analysis based on vehicle type.
Chapter 09 – Global Automotive Door Hinges Market Analysis 2016-2020 & Opportunity Assessment 2021-2031, by Region
This chapter explains how the automotive door hinges market will grow across several geographic regions such as North America, Latin America, Western Europe, Eastern Europe, South East Asia, China, India, Japan and Middle East & Africa
Chapter 10 – North America Automotive door hinges Market Analysis 2016-2020 & Opportunity Assessment 2021-2031
This chapter includes a detailed analysis of the growth of the North America automotive door hinges market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on end use and countries in North America.
Chapter 11 – Latin America Automotive door hinges Market Analysis 2016-2020 & Opportunity Assessment 2021-2031
This chapter provides the growth scenario of the automotive door hinges market in Latin America countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.
Chapter 12 – Western Europe Automotive Door Hinges Market Analysis 2016-2020 & Opportunity Assessment 2021-2031
Important growth prospects of the automotive door hinges market based on its end use in several countries such as Germany, U.K., France, Spain, Italy and Rest of Western Europe are included in this chapter.
Chapter 13 – Eastern Europe Automotive Door Hinges Market Analysis 2016-2020 & Opportunity Assessment 2021-2031
Important growth prospects of the automotive door hinges market based on its end use in several countries such as Russia, Poland and Rest of Eastern Europe are included in this chapter.
Chapter 14 – South East Asia & Pacific Automotive Door Hinges Market Analysis 2016-2020 & Opportunity Assessment 2021-2031
Important growth prospects of the automotive door hinges market based on its end use in several countries such as ASEAN, Australia & New Zealand (ANZ), and Rest of South East Asia & Pacific are included in this chapter.
Chapter 15 – China Automotive Door Hinges Market Analysis 2016-2020 & Opportunity Assessment 2021-2031
This chapter highlights the growth of the automotive door hinges market in China. This section also helps readers understand the key factors that are responsible for the growth of the automotive door hinges market in China.
Chapter 16 – India Automotive Door Hinges Market Analysis 2016-2020 & Opportunity Assessment 2021-2031
This chapter highlights the growth of the automotive door hinges market in India. This section also helps readers understand the key factors that are responsible for the growth of the automotive door hinges market in India.
Chapter 17 – Japan Automotive Door Hinges Market Analysis 2016-2020 & Opportunity Assessment 2021-2031
This chapter highlights the growth of the automotive door hinges market in Japan. This section also helps readers understand the key factors that are responsible for the growth of the automotive door hinges market in Japan.
Chapter 18 – Middle East & Africa Automotive Door Hinges Market Analysis 2016-2020 & Opportunity Assessment 2021-2031
This chapter highlights the growth of the automotive door hinges market in Middle East & Africa by focusing on GCC, South Africa and Rest of MEA. This section also helps readers understand the key factors that are responsible for the growth of the automotive door hinges market in Middle East and Africa.
Chapter 19 – Competition Analysis
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the automotive door hinges market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Dura Automotive LLC, Magna International Inc., Aisin Seiki Co. Ltd., Gestamp Group, Multimac Inc., Brano Group, DEE Emm Giken, ER Wagner, Midlake Products & Mfg. Company Inc., Pinnet Industrie, Monroe Hinge, Rell Precision Manufacturing Inc., The Paneloc Corporation and Saint Gobain.
Chapter 20 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the automotive door hinges market report.
Chapter 21 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the automotive door hinges market.
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Automotive Fascia Market: Impact Growth, Forecast, Research 2024-2032
The Reports and Insights, a leading market research company, has recently releases report titled “Automotive Fascia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2031.” The study provides a detailed analysis of the industry, including the global Automotive Fascia Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the Automotive Fascia Market?
The global automotive fascia market size was US$ 22.3 Billion in 2022. The global automotive fascia market is expected to register a revenue CAGR of 6.5% during the forecast period and reach a market size of US$ 39.3 Bn in 2031.
What are Automotive Fascia?
An automotive fascia is the front or rear section of a vehicle designed to enhance its appearance and aerodynamics. It usually incorporates parts like the bumper, grille, headlights, and trim pieces into a cohesive and attractive surface. Constructed from materials such as plastic, metal, or composites, the fascia also serves practical functions, including absorbing impact in minor collisions and housing sensors and other essential technological features found in modern vehicles.
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What are the growth prospects and trends in the Automotive Fascia industry?
The automotive fascia market growth is driven by various factors and trends. The automotive fascia market is a dynamic and expanding sector, fueled by advancements in vehicle design, increased demand for visually appealing and aerodynamically efficient vehicles, and the integration of cutting-edge technologies. Market growth is driven by factors such as rising vehicle production, consumer preferences for lightweight and durable materials, and stringent safety regulations. Innovations in materials, like high-performance plastics and composites, are improving the functionality and design potential of automotive fascias. Key industry players are focusing on research and development to provide customized and advanced fascia solutions, meeting the evolving demands of the automotive industry. Hence, all these factors contribute to automotive fascia market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Product Type:
Standard Fascia
Illuminated Fascia
Sports Fascia
Luxury Fascia
Others
Material Type:
Plastic
Metal
Composites
Others
Technology:
Passive Safety Systems
Active Safety Systems
Advanced Driver Assistance Systems (ADAS)
Connectivity and Integrated Electronics
Others
Vehicle Type:
Passenger Cars
Light Commercial Vehicles (LCVs)
Heavy Commercial Vehicles (HCVs)
Electric Vehicles (EVs)
Others
Sales Channel:
Original Equipment Manufacturers (OEMs)
Aftermarket
Segmentation By Region:
North America:
United States
Canada
Europe:
Germany
The U.K.
France
Spain
Italy
Russia
Poland
BENELUX
NORDIC
Rest of Europe
Asia Pacific:
China
Japan
India
South Korea
ASEAN
Australia & New Zealand
Rest of Asia Pacific
Latin America:
Brazil
Mexico
Argentina
Middle East & Africa:
Saudi Arabia
South Africa
United Arab Emirates
Israel
Who are the key players operating in the industry?
The report covers the major market players including:
Magna International Inc.
Samvardhana Motherson Group
Faurecia
Plastic Omnium
Flex-N-Gate Corporation
Montaplast GmbH
Compagnie Plastic Omnium
Hanwha Advanced Materials Corporation
Yanfeng Global Automotive Interiors
SRG Global
Toyoda Gosei Co., Ltd.
View Full Report: https://www.reportsandinsights.com/report/Automotive Fascia-market
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