#Automotive Wheel Hub Market Trends

[jayanthitbrc]

Global Compressor Wheel Market Analysis 2024: Size Forecast and Growth Prospects

The compressor wheel global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Compressor Wheel Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size - The compressor wheel market size has grown strongly in recent years. It will grow from $14.93 billion in 2023 to $15.85 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to automotive industry demand, emissions standards, aerospace industry influence, material science advancements, fuel efficiency requirements.

The compressor wheel market size is expected to see strong growth in the next few years. It will grow to $19.28 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to electric and hybrid vehicles, fuel efficiency standards, aerospace and defense investments, global economic trends, renewable energy applications. Major trends in the forecast period include adoption of advanced manufacturing techniques, development of variable geometry turbochargers, integration of computational fluid dynamics (cfd),adoption of advanced manufacturing techniques, development of variable geometry turbochargers, integration of computational fluid dynamics (cfd), development of eco-friendly and sustainable practices..

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Scope Of Compressor Wheel Market The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Compressor Wheel Market Overview

Market Drivers - The rising demand for the automotive industry is expected to propel the growth of the compressor wheels market going forward. The automotive industry refers to the collective sector involved in the design, development, manufacturing, marketing, and sales of motor vehicles. Compressor wheels play a pivotal role in the automotive industry by enhancing the efficiency and performance of turbochargers, ultimately delivering more power and improved fuel economy to vehicles. For instance, in March 2022, according to a report published by the European Automobile Manufacturers' Association (ACEA), the main lobbying and standards group for the automobile industry in the European Union, Chinese automakers produced 20.7 million vehicles in 2021, an increase of 7.1%. Additionally, in 2021, the total number of cars produced worldwide climbed by 2.7% to 63.2 million. Therefore, the rising demand for the automotive industry is driving the growth of the compressor wheels market.

Market Trends - Major companies operating in the compressor wheel market are focusing on developing innovative compressor wheel variants to provide reliable services to their customers. The compressor wheel with an S-shaped hub design is an innovative engineering solution that aims to enhance the performance and efficiency of the compressor. For instance, in July 2021, BMTS Technology GmbH & Co. KG, a Germany-based company that specializes in the development and production of turbochargers launched a new compressor wheel with an S-shaped hub. The S-shaped hub design helps to optimize the airflow within the compressor wheel, resulting in improved aerodynamic performance and efficiency, minimizing turbulence, and enhancing the overall airflow characteristics. The hub portion with the sharp transition edge to the nose is not only simply expanded, but its shape has also been optimized for aerodynamics.

The compressor wheel market covered in this report is segmented –

1) By Product Type: Titanium Compressor Wheel, Aluminum Compressor Wheel, Stainless Steel Compressor Wheel, Twin Blade Compressor Wheel 2) By Application: Automotive Engine, Stationary Engine 3) By Sales Type: OEM (Original Equipment Manufacturer), Aftermarket

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Regional Insights - North America was the largest region in the compressor wheel market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the compressor wheel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies - Major companies operating in the compressor wheel market report are Honeywell International Inc., BorgWarner Inc., Atlas Copco AB, Wabtec Corporation, UACJ Corporation, Ingersoll Rand plc, Garrett Motion Inc., Doncasters Group Ltd., Booster Precision Components, ATP Turbo, Melett North America Inc., Phessio Turbo, Rotomaster, Full-Race Motorsports, GReddy Performance Products Inc., Turbonetics Inc., ABI Showatech Private Ltd., Turbo tech Precision Products Ltd., E&E Turbo, Owen Developments, Turbo Systems, Forced Performance Turbochargers, Blouch Performance Turbochargers, Nelcon Motor Company, Pacifica Power Sdn Bhd., Changzhou E and E Turbo Power Co. Ltd., Jiangyin Uni-Pol Vacuum Casting India Pvt. Ltd.

Table of Contents 1. Executive Summary 2. Compressor Wheel Market Report Structure 3. Compressor Wheel Market Trends And Strategies 4. Compressor Wheel Market – Macro Economic Scenario 5. Compressor Wheel Market Size And Growth ….. 27. Compressor Wheel Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix

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[amrutatbrc1]

Car Wheel Cap Market : By Industry Trends, Leading Players, Size, Share, Growth, Opportunity And Forecast 2024-2033

The car wheel cap global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Car Wheel Cap Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -

The car wheel cap market size has grown strongly in recent years. It will grow from $1.90 billion in 2023 to $2.00 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to increased consumer spending on automotive accessories, material advancements, regulations and standards, trends in car culture, and innovations in manufacturing technology.

The car wheel cap market size is expected to see strong growth in the next few years. It will grow to $2.51 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to advancements in design, the rise of electric vehicles, increasing focus on sustainability, growing urbanization, and premiumization, and growth in online retail platforms and e-commerce. Major trends in the forecast period include increasing consumer demand for customized vehicles, growing trend towards lightweight and aerodynamically optimized wheel caps, integration of smart technologies, increasing consumer awareness, and emphasis on branding and corporate identity.

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The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers -

Rising vehicle production is expected to propel the growth of the car wheel cap market going forward. The rising production of vehicles is primarily driven by increasing global demand for transportation and economic growth. Car wheel caps enhance the aesthetic appeal of vehicles while protecting the wheel hub from dust and damage. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting a notable increase of 5.7% compared to 2021. Therefore, rising vehicle production is driving the growth of the car wheel cap market.

Market Trends -

Major companies operating in the car wheel cap market are focused on developing novel products, such as base wheel caps, to gain a competitive edge in the market. Base wheel caps are the simplest type of wheel cover, designed primarily for protection rather than aesthetic enhancement. For instance, in February 2024, Tesla, Inc., a US-based automotive company, launched the new wheel cap for the Cybertruck. The new wheel cap for the Tesla Cybertruck features a sleek, angular design that complements the truck's futuristic aesthetic. The new base wheel caps feature a unique inset heptagonal shape around the lugs and hub, which was first seen on the newer wheelset of the GFTX release candidates. These caps will come paired with Pirelli Scorpion ATR all-season tires instead of the previously used Goodyear ATs.

The car wheel cap market covered in this report is segmented –

1) By Vehicle Type: Low Range, Mid-Range, High Range

2) By Material: Plastics, Stainless Steel, Aluminum Alloy

3) By Size: 12 To 15 Inches, 16 To 17 Inches, Above 17 Inches

4) By Fuel Type: Conventional Cars, Electric Cars

5) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket

Get an inside scoop of the car wheel cap market, Request now for Sample Report @

Regional Insights -

Asia-Pacific was the largest region in the car wheel cap market in 2023. The regions covered in the car wheel cap market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies -

Major companies operating in the car wheel cap market are Lacks Enterprises Inc., Wheel Pros LLC, Euro Car Parts, Pilot Automotive Inc., Roush Performance Products Inc., Rough Country, Putco Inc., Pro Comp., Omix-ADA, American Racing, Sparco S.p.A., ICON Vehicle Dynamics, Kaper II Inc., Custom Wheels, Max Auto Parts, Prim X Auto Industries, AutoLoc, Racing Dynamics, Street Scene Equipment, Trim Illusion

Table of Contents

1. Executive Summary

2. Car Wheel Cap Market Report Structure

3. Car Wheel Cap Market Trends And Strategies

4. Car Wheel Cap Market – Macro Economic Scenario

5. Car Wheel Cap Market Size And Growth

…..

27. Car Wheel Cap Market Competitor Landscape And Company Profiles

28. Key Mergers And Acquisitions

29. Future Outlook and Potential Analysis

30. Appendix

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[globalgrowthinsights]

High Pressure Processing (HPP) Food Market Trends, Demand & Future Scope till 2032

High Pressure Processing (HPP) Food Market provides in-depth analysis of the market state of High Pressure Processing (HPP) Food manufacturers, including best facts and figures, overview, definition, SWOT analysis, expert opinions, and the most current global developments. The research also calculates market size, price, revenue, cost structure, gross margin, sales, and market share, as well as forecasts and growth rates. The report assists in determining the revenue earned by the selling of this report and technology across different application areas.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of High Pressure Processing (HPP) Food in these regions till the forecast period

North America

Middle East and Africa

Asia-Pacific

South America

Europe

Key Attentions of High Pressure Processing (HPP) Food Market Report:

The report offers a comprehensive and broad perspective on the global High Pressure Processing (HPP) Food Market.

The market statistics represented in different High Pressure Processing (HPP) Food segments offers complete industry picture.

Market growth drivers, challenges affecting the development of High Pressure Processing (HPP) Food are analyzed in detail.

The report will help in the analysis of major competitive market scenario, market dynamics of High Pressure Processing (HPP) Food.

Major stakeholders, key companies High Pressure Processing (HPP) Food, investment feasibility and new market entrants study is offered.

Development scope of High Pressure Processing (HPP) Food in each market segment is covered in this report. The macro and micro-economic factors affecting the High Pressure Processing (HPP) Food Market

Advancement is elaborated in this report. The upstream and downstream components of High Pressure Processing (HPP) Food and a comprehensive value chain are explained.

Browse More Details On This Report at @https://www.globalgrowthinsights.com/market-reports/high-pressure-processing-hpp-food-market-100548

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Web: https://www.globalgrowthinsights.com

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[car-hamro]

AUDI E-TRON Q8: THE FUTURE OF LUXURY ELECTRIC SUVS

INTRODUCTION

The Audi e-tron Q8 represents the pinnacle of Audi’s venture into the electric vehicle market. It combines luxury and performance, which is synonymous with the brand, with cutting-edge electric technology. As part of Audi’s e-tron lineup, the Q8 is made to provide an easy transition for consumers moving from traditional combustion engines to electric powertrains.

The Audi e-tron Q8 boasts an elegant design featuring a sleek, aerodynamic silhouette that enhances aesthetics and efficiency. Its spacious interior is crafted with premium materials, ensuring comfort and sophistication. The vehicle has the latest infotainment and connectivity options, making it a high-tech hub on wheels.

Under the hood, the e-tron Q8 features a dual-motor setup, delivering robust performance and exceptional handling. This electric SUV provides a substantial range on a single charge, which makes it a sensible option for city commutes and long-distance travel. Audi’s Quattro all-wheel-drive system also ensures excellent traction and stability, regardless of road conditions.

Audi e-tron Q8 Price in Nepal

As of its launch, the Audi e-tron Q8 is positioned in the market’s premium segment, reflecting its luxury features and advanced technology. In Nepal, the pricing of the Audi e-tron Q8 starts at around NPR 1.8 crore, making it a significant investment for those seeking a top-tier electric SUV.

The price point considers several factors, including import duties, taxes, and the cost of integrating advanced electric vehicle infrastructure. While the initial cost may seem high, the long-term savings on fuel and maintenance and the environmental benefits offer substantial value to the buyers.

The Audi e-tron Q8 debuted in Nepal in January 2024, a critical turning point for the country’s automotive market. This launch aligns with the global trend towards electric vehicles, as consumers increasingly prioritize sustainability and eco-friendliness in their purchasing decisions.

The introduction of the e-tron Q8 in Nepal has been met with enthusiasm, as it symbolizes a substantial advancement in the accessibility of high-end electric vehicles in the region. Audi has strategically positioned the Q8 to cater to various performance, comfort, and sustainability features to meet the rising demand for high-end electric sport utility vehicles.

For More Details, Click Here

[imarcmarketreport]

Ball Bearing Market Growth, Share, Trends and Opportunity 2024-2032

IMARC Group's report titled "Ball Bearing Market Report by Application (Automobile, General Engineering, Mining and Construction, Railways, Aerospace and Shipping, Agriculture, and Others), and Region 2024-2032", offers a comprehensive analysis of the industry, which comprises insights on the global ball bearing market trends. The global ball bearing market size reached US$ 43.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 62.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/ball-bearing-market/requestsample

Factors Affecting the Growth of the Ball Bearing Industry:

Demand in the Wind Energy Sector:

The increasing shift towards renewable energy sources is leading to investments in wind power, which relies heavily on ball bearings for turbine operation. These bearings are critical in wind turbines for blade pitch and yaw mechanism control and in gearbox and generator applications. Additionally, the growing commitment of various countries to reduce carbon emissions and increase renewable energy capacities is catalyzing the demand for high-quality and durable ball bearings. Moreover, technological advancements in turbine design, aiming for higher efficiency and longer service life, are driving the need for specialized ball bearings in this sector.

Advancements in Bearing Technologies:

Technological advancements in bearing design and materials are supporting the market growth. The development of bearings with enhanced performance capabilities, such as higher load-bearing capacity, reduced noise levels, and increased energy efficiency, caters to a wide range of industrial applications. Innovations like sensor-equipped bearings, which provide real-time monitoring of performance and maintenance needs, are becoming popular in predictive maintenance regimes. Additionally, advancements in materials science are resulting in the creation of bearings with superior properties, including ceramic ball bearings, which offer reduced friction, higher temperature resistance, and longer service life compared to traditional steel bearings. These technological developments not only extend the application range of ball bearings but also improve their operational efficiency.

Demand in the Automotive Industry:

Automotive manufacturers are focusing on enhancing vehicle performance, lifespan, and energy efficiency, which is catalyzing the demand for high-quality ball bearings. These components are essential in various automotive applications, including engines, transmissions, and wheel hubs. Additionally, the rising popularity of electric vehicles (EVs) that require specially designed bearings for electric motors and other components, distinct from those used in traditional internal combustion engine vehicles is supporting the market growth. Furthermore, the focus on reducing carbon emissions is leading to higher production of EVs, thereby catalyzing the demand for ball bearings.

Leading Companies Operating in the Global Ball Bearing Industry:

NTN Corporation

Timken

JTEKT

SKF

Schaeffler Group

Ball Bearing Market Report Segmentation:

By Application:

Automobile

General Engineering

Mining and Construction

Railways, Aerospace and Shipping

Agriculture

Others  

The automobile holds the biggest market share as ball bearings play an essential role in various vehicle components, such as wheels, transmissions, and engines.

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 dominates the market, driven by the extensive manufacturing activities and the presence of major automotive and industrial sectors in the region.

Global Ball Bearing Market Trends:

The growing trend of miniaturization and the development of lightweight ball bearings is offering a favorable market outlook. This trend is driven by industries, such as aerospace, medical devices, and robotics, where space constraints and weight reduction are critical factors. Miniature bearings are employed in applications like small electric motors, dental drills, and precision robotics. Manufacturers are innovating in materials and design, utilizing advanced alloys and engineering plastics to produce bearings that meet these stringent requirements without compromising on durability or load-bearing capacity.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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[al-muna-tools]

Sourcing and Supply Chain - How SpeedUSA Dealers Maintain Product Availability in Dubai.

The automotive aftermarket industry in Dubai is vibrant and dynamic, with a diverse range of products and accessories catering to the needs of vehicle enthusiasts. SpeedUSA dealers in Dubai have carved a niche for themselves in this competitive market by offering a wide array of automotive parts, accessories, and performance upgrades. However, what sets them apart is their ability to consistently maintain product availability. In this article, we delve into the intricate world of sourcing and supply chain management by SpeedUSA dealers, shedding light on the strategies and practices that keep their shelves stocked with high-quality products for Dubai's automotive enthusiasts.

1. Sourcing Partnerships

Maintaining product availability begins with robust sourcing partnerships. SpeedUSA dealers in Dubai have established strong relationships with manufacturers, suppliers, and distributors both locally and globally. These partnerships enable them to access a wide range of automotive products, from OEM (Original Equipment Manufacturer) parts to aftermarket upgrades.

2. Diverse Product Portfolio

One of the key strategies employed by SpeedUSA dealers in Dubai is diversifying their product portfolio. They understand that automotive enthusiasts have varied preferences and requirements. Consequently, they source a broad spectrum of products, including engine components, suspension systems, body kits, wheels, and interior accessories. This diverse range ensures that customers can find the specific parts or upgrades they need, thereby enhancing product availability.

3. Regular Market Analysis

Staying attuned to market trends is vital for SpeedUSA dealers. They conduct regular market analysis to identify the latest automotive trends, emerging technologies, and customer preferences. This insight allows them to proactively source products that are in high demand or align with current trends, ensuring that customers have access to the latest and most sought-after products.

4. Global Sourcing Networks

To maintain product availability, SpeedUSA dealers often source products from a global network of suppliers. This network extends beyond the borders of Dubai to encompass manufacturers and suppliers in the United States, Europe, Asia, and other regions known for their automotive expertise. This international reach ensures a diverse selection of products and access to cutting-edge innovations.

5. Inventory Management

Effective inventory management is central to maintaining product availability. SpeedUSA dealers employ advanced inventory management systems that monitor stock levels, track sales trends and forecast demand. These systems help prevent stockouts and overstock situations, ensuring that the right products are always on the shelves.

6. Just-In-Time (JIT) Inventory

SpeedUSA dealers utilize a just-in-time inventory strategy to optimize product availability. JIT inventory involves replenishing stock as needed, reducing excess inventory holding costs, and minimizing the risk of obsolete products. This lean approach allows dealers to efficiently manage their stock while responding quickly to customer demands.

7. Local Warehousing and Distribution

Local warehousing and distribution centers play a pivotal role in product availability. SpeedUSA dealers maintain strategically located warehouses in Dubai and its surrounding regions. These warehouses serve as hubs for product storage and distribution, ensuring that products can be delivered to customers promptly.

8. Collaboration with Manufacturers

Collaboration with manufacturers is another essential aspect of maintaining product availability. SpeedUSA dealers work closely with manufacturers to ensure a consistent supply of products. They often have direct relationships with manufacturers, which can lead to preferential access to new releases and product updates.

9. Quality Assurance and Supplier Audits

Maintaining product availability is not just about quantity but also about quality. SpeedUSA dealers conduct rigorous quality assurance checks on products sourced from suppliers. This includes product testing, certification verification, and audits of supplier facilities. Ensuring the quality of sourced products is paramount to meeting customer expectations.

10. Flexible Supply Chain

The ability to adapt to changing market conditions is crucial in the automotive aftermarket industry. SpeedUSA dealers maintain a flexible supply chain that can quickly respond to fluctuations in demand. This agility enables them to adjust their product offerings based on customer preferences and market dynamics.

11. Customer Feedback Loop

SpeedUSA dealers maintain an open feedback loop with their customers. They actively seek customer input regarding product preferences, suggestions for new products, and feedback on existing offerings. This customer-centric approach helps dealers make informed sourcing decisions and ensures that products align with customer expectations.

12. Competitive Pricing Strategies

In addition to product availability, competitive pricing is a key driver of customer satisfaction. SpeedUSA dealers employ pricing strategies that balance affordability with product quality. This approach ensures that customers have access to high-quality products at competitive prices.

13. Sustainability Considerations

Sustainability is an increasingly important factor in sourcing and supply chain management. SpeedUSA dealers are mindful of environmentally responsible sourcing practices, such as selecting suppliers with sustainable manufacturing processes and packaging options. This commitment to sustainability aligns with Dubai's broader environmental goals.

14. Continuous Improvement

The automotive aftermarket industry is constantly evolving, and SpeedUSA dealers recognize the need for continuous improvement. They regularly evaluate their sourcing and supply chain strategies, seeking opportunities to enhance efficiency, reduce lead times, and expand their product offerings.

Conclusion

Maintaining product availability in Dubai's bustling automotive aftermarket industry is no small feat, but SpeedUSA dealers have mastered the art of sourcing and supply chain management. Through strong sourcing partnerships, diversified product portfolios, market analysis, and efficient inventory management, they ensure that automotive enthusiasts have access to a wide range of high-quality products. With a commitment to quality assurance, sustainability, and customer feedback, SpeedUSA dealers in Dubai continue to lead the way in providing exceptional products and services to Dubai's automotive community. Their dedication to staying at the forefront of sourcing and supply chain practices ensures that they will continue to thrive in this competitive industry.

[researchvishal]

Automotive Suspension Systems Market Key Opportunity, Analysis, Growth, Trends 2032

The global automotive suspension systems market size is skyrocketing and is to be valued at US$ 62 Billion in 2022, forecast to grow at a stable CAGR of 4.36% to be valued at US$ 95 Billion from 2022 to 2032. Increasing urbanization, technical advances, and shift in purchasing habits are all contributing to the expansion of the automotive sector. Meticulous research and developments are assisting in updating the present automotive suspension systems in order to improve the ride quality and road holding capabilities of the vehicle.

Key Takeaways

Suspensions are vital for good ride quality and automobile handling control. A comfortable ride promotes convenience for passengers, prevents cargo damage, and decreases driver fatigue on extended voyages. Attributing to such crucial factors are resulting in surging sales of automotive suspension systems in the global market.

Since cars with firm suspension may result in better control of body motions and faster reflexes, it is increasingly becoming a crucial part of an automobile. Ambulances require improved vehicle suspension to minimize further damage to already unwell passengers. Such factors have increased the desire for greater driving comfort, which has benefited the worldwide automotive suspension systems market's development.

The SUV market has seen reasonable growth in recent years. Due to the cheap cost, small size, modern designs, and superior agility, the SUV & sub-compact SUV industry has seen significant expansion in nations such as the United States, China, India, and Mexico. The excessive use of multilink suspensions is witnessed in the market. The lower cost of multilink suspension and the simplicity of modification has expanded the use of multilink suspension in mid- to high-segment vehicles.

There is a multilink suspension seen in SUVs including Kia Sport, Volkswagen Tiguan, and Mahindra Scorpio. Throughout the projection period, the global automotive suspension systems market is predicted to increase at a pace of 4.36%. SUVs often have independent suspension at both the front and back wheels. As a result, the urge for independent suspension systems is growing.

At present, air suspensions are preferred more than leaf springs as it delivers optimum comfort and elegance to passengers. As a result, the growing demand for comfort and luxury is driving up demand for automotive suspension systems throughout the world.

For more insights: https://www.futuremarketinsights.com/reports/automotive-suspension-systems-market

The suspension system of an automobile consists of springs, structs, ball joints, shock absorbers, and control arms that help connect the vehicle to the wheel and allow relative motion between the two. The geometry and method used to design suspension are determined by the camber of the wheel, the castor of the hub, the toe of the vehicle, and the kingpin inclination of the control arms.

Suspensions are considered an important part of an automobile because it helps to keep the vehicle's tires in touch with the road during the trip, protecting the vehicle and reducing shocks along with protecting its cargo from damage or wear. In addition to that, it isolates the car from high-frequency vibrations caused by tire excitation.

Competitive Landscape

The Benteler Group, Continental AG, KYB Co., Ltd., Magneti Marelli S.p.A., Mando Corporation, Schaeffler AG, Tenneco Inc., TRW Automobile Holdings Corporation, WABCO Holdings Inc., ZF Friedrichshafen AG are some of the key companies profiled in the full version of the report.

There are various players in the market for automotive suspension systems. The automotive suspension systems industry is extremely competitive, with competitors vying to increase their market share. Product innovation and regional growth into new markets will be critical to the success of any automotive suspension systems industry participant.

Request a Sample of this Report:          https://www.futuremarketinsights.com/reports/sample/rep-gb-713

More Insights into the Automotive Suspension Systems Market

The Asia Pacific region is the largest manufacturer of automotive suspension systems. As per FMI reports, China is anticipated to maintain the dominant position in the automotive systems market during the projection period.

Owing to the surging demand for luxury vehicles, Asia Pacific becomes one of the leading manufacturers of fuel-efficient automobiles in the world. OEMs have begun to invest in and develop innovative automotive technology. Even though Japan and South Korea are technological leaders, India and China produce the most vehicles in the Asia Pacific.

Owing to the changing customer tastes, in recent years, have led to the rise in the per capita income of the middle-class population, and cost benefits for OEMs. Due to these factors, Asia Pacific has emerged as a center for automobile production in recent years.

[blogkdmi-blog]

Global Automotive Wheel Hub Market Size, Share, Growth, Trends and Forecast 2018-2023

KD Market Insights provides a forecast for global Automotive wheel hub market for a span of 6 years i.e. between 2018 and 2023. This report presents an overview on Automotive wheel hub market and technologies used in it such as Steel wheel, Aluminum wheel used for various Vehicle Type segments such as Passenger Cars, Commercial Vehicles. Automotive wheel hub analyzed in this report include Distribution Channel such as Direct Sales, Distributor.

Automotive wheel hub research provides a detailed analysis of its global market and provides useful insights to understand the reason behind the popularity of this emerging technology along with its advantages and challenges. The report covers detailed analysis of key industry drivers, challenges, market trends as well as market structure. The report has been segregated on the basis of Product Type, Vehicle Type, Distribution Channel and global regions. This research also provides an assessment of key industry giants and their strategies that helps them to succeed in business.

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Automotive wheel hub market has been segmented by Product Type, Vehicle Type, Distribution Channel and by region. On the basis of Product Type market has been divided as Steel wheel, Aluminum wheel. By Vehicle Type, it is further divided as Passenger Cars, Commercial Vehicles. On the basis of Distribution Channel market has been divided as Direct Sales, Distributor.

Coming to next segment, report provides an analysis of Automotive wheel hub market for global countries in the region. It covers a market overview for 2018-2023 and gives probable forecast with the context of Automotive wheel hub. This also covers new technological development and their role in the market. The research covers the pivotal trends within countries contributing to growth of the market, as well as analyses the factor due to which drivers impact the market in each region. Key regions and countries included in this report includes North America (U.S& Canada), Europe (Germany, U.K, France, Italy) Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan and Rest of Asia), Middle East &Africa (GCC, North America, North America, South America).

The report also reflects the current scenario and the target of the Automotive wheel hub market. For this evaluation, 2017 considered as base year, 2018 as an estimated year, 2019-2023 as forecasted year. As already mentioned, the global Automotive wheel hub market is divided into a number of segments. All segments in terms of Product Type, Vehicle Type, Distribution Channel and different regions are examined in terms of base points to understand the relative contributions of each segments to market growth. This detailed level of facts & information is essential for the identification of various key factors in the global Automotive wheel hub market.

In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on categories of providers in the value chain, their presence in the Automotive wheel hub market, and key differentiators. This section is mainly designed to provide clients an objective and detailed comparative assessment of key providers specific to a market segment in the current scenario and the main competitors for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on the in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings, and recent developments in the Automotive wheel hub market. Some of the key competitors covered in the report are Dicastal, Maxion, CMW, Enkei, Ronal, Borbet, Zenix, Superior, Alcoa, Accuride, Lioho, Uniwheel, Lizhong, Wanfeng, Shengwang, Jinfei, Faway, Others Major & Niche Key Players.

By Product Type

- Steel wheel

- Aluminum wheel

By Vehicle Type

- Passenger Cars

- Commercial Vehicles

By Distribution Channel

- Direct Sales

- Distributor

Competitive Landscape

- Dicastal

- Maxion

- CMW

- Enkei

- Ronal

- Borbet

- Zenix

- Superior

- Alcoa

- Accuride

- Lioho

- Uniwheel

- Lizhong

- Wanfeng

- Shengwang

- Jinfei

- Faway

- Others Major & Niche Key Players

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Table of Contents@

Research Methodology

Market Definition and List of Abbreviations

1. Executive Summary

2. Growth Drivers & Issues in Global Automotive wheel hub Market

3. Global Automotive wheel hub Market Trends

4. Opportunities in Global Automotive wheel hub Market

5. Recent Industry Activities, 2017

6. Porter's Five Forces Analysis

7. Market Value Chain and Supply Chain Analysis

8. Global Automotive wheel hub Market Size (USD Million), Growth Analysis and Forecast, (2017-2023)

9. Global Automotive wheel hub Market Segmentation Analysis, By Product Type

9.1. Introduction

9.2. Market Attractiveness, By Product Type

9.3. BPS Analysis, By Product Type

9.4. Steel wheel

9.5. Aluminum wheel

10. Global Automotive wheel hub Market Segmentation Analysis, By Vehicle Type

10.1. Introduction

10.2. Market Attractiveness, By Vehicle Type

10.3. BPS Analysis, By Vehicle Type

10.4. Passenger Cars

10.5. Commercial Vehicles

11. Global Automotive wheel hub Market Segmentation Analysis, By Distribution Channel

11.1. Introduction

11.2. Market Attractiveness, By Distribution Channel

11.3. BPS Analysis, By Distribution Channel

11.4. Direct Sales

11.5. Distributor

12. Geographical Analysis

12.1. Introduction

12.2. North America Automotive wheel hub Market Size (USD Million), 2017-2023

12.2.1. By Product Type

12.2.2. By Vehicle Type

12.2.3. By Distribution Channel

12.2.4. By Country

12.2.4.1. Market Attractiveness, By End-user

12.2.4.2. BPS Analysis, By End-User

12.2.4.3. U.S. Market Size (USD Million), 2017-2023

12.2.4.4. Canada Market Size (USD Million), 2017-2023

12.3. Europe Automotive wheel hub Market Size (USD Million), 2017-2023

12.3.1. By Product Type

12.3.2. By Vehicle Type

12.3.3. By Distribution Channel

12.3.4. By Country

12.3.4.1. Market Attractiveness, By Country

12.3.4.2. BPS Analysis, By Country

12.3.4.3. Germany Market Size (USD Million), 2017-2023

12.3.4.4. United Kingdom Market Size (USD Million), 2017-2023

12.3.4.5. France Market Size (USD Million), 2017-2023

12.3.4.6. Italy Market Size (USD Million), 2017-2023

12.3.4.7. Spain Market Size (USD Million), 2017-2023

12.3.4.8. Russia Market Size (USD Million), 2017-2023

12.3.4.9. Rest of Europe Market Size (USD Million), 2017-2023

12.4. Asia Pacific Automotive wheel hub Market Size (USD Million), 2017-2023

12.4.1. By Product Type

12.4.2. By Vehicle Type

12.4.3. By Distribution Channel

12.4.4. By Country

12.4.4.1. Market Attractiveness, By Country

12.4.4.2. BPS Analysis, By Country

12.4.4.3. China Market Size (USD Million), 2017-2023

12.4.4.4. India Market Size (USD Million), 2017-2023

12.4.4.5. Japan Market Size (USD Million), 2017-2023

12.4.4.6. South Korea Market Size (USD Million), 2017-2023

12.4.4.7. Indonesia Market Size (USD Million), 2017-2023

12.4.4.8. Taiwan Market Size (USD Million), 2017-2023

12.4.4.9. Australia Market Size (USD Million), 2017-2023

12.4.4.10. New Zealand Market Size (USD Million), 2017-2023

12.4.4.11. Rest of Asia Pacific Market Size (USD Million), 2017-2023

Continue…

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Hub-Motor (In-Wheel) Market - Global Growth, Share, Trends, Demand and Analysis Report Forecast 2021 to 2026

The upcoming report by Fairfield Market Research, titled “Hub-Motor (In-Wheel) Market - Global Industry Analysis (2019 – 2020) – Growth Trends and Market Forecast (2021–2030)”, investigates the market dynamics of the market such as the rise of electric vehicles (EVs). The demand for hub motors is projected to see an upward trend in the coming five years as sales of EVs will increase by 13-15%. Hub motors are expected to gain momentum as the electrification of automobiles gears up to tackle climate change. Analysts anticipate that introduction and the wider availability of varied electric vehicles in several markets of the world is likely to boost the global market for hub motors (in-wheel).  

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Exceptional Qualities of Hub Motors to Improve Sales

The demand for hub motors (in-wheel) has picked up pace in recent years as they enable a single source of power for each wheel, thereby eliminating any differentials for vehicle manoeuvring. This makes the vehicle lightweight, which has been the need of the hour for the automotive industry. A vehicle that weightless is more fuel-efficient, a feature that each automaker is trying to achieve with every product. Hub motors are allowing automakers to design crash-resilient vehicles with correct weight distribution. Furthermore, hub motors (in-wheel) remove stator and rotor contact, which improves the motor life. All of these factors are expected to augment the growth of the global hub motor (in-wheel) market. 

Green Initiatives Push for Higher Uptake of Hub Motors

The U.S., the EU, and countries in Asia Pacific are turning to strict sustainability norms to protect the environment from vehicular pollution. For instance, the EPA offers a zero-tailpipe emissions score with additional credits to plug-in EVs as a part of emission regulation. On the other hand, China has given EVs a zero fuel consumption value along with imposing fines on vehicles with lower fuel economy. Such initiatives have stoked the demand for hub motors as it makes a huge leap towards enabling the smoother functioning of EVs. 

The demand for hub motors (in-wheel) will be intensely felt across electric bikes as their sales receive momentum. Growing use of electric bikes for personal and commercial purposes is expected to create a direct positive impact on the hub motors (in wheel) market. Furthermore, the use of electric bikes for last-mile delivery solutions amidst the rise of the e-commerce industry is also expected to make a contribution to the market. 

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Europe and Asia Pacific Stand Out in Global Hub Motors (in-wheel) Market for Different Reasons

The Europe hub motors (in-wheel) market has been proliferating at a steady pace due to the higher adoption of vehicle electrification in the region. Stringent regulatory frameworks and steady transition towards electric vehicles have contributed to the region’s lead. Commercial vehicles are expected to see higher adoption as the EU promises to cut back on carbon emissions. According to analysts, the growth of EV market in Europe was up 40% despite COVID-19. 

On the other hand, Asia Pacific hub motors (in-wheel) market is slated to see a spike as the region remains an integral automotive manufacturing hub. Countries such as Japan, China, and India are expected to give this market an incredible impetus during the forecast period. 

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 Global Hub Motors (in-wheel) Market: Key Players

Some of the key players studied in the research report about the global hub motor (in wheel) market are IEHL- ABEGG, Protean electric, Schaeffler AG, HEINZMANN GmbH & Co. KG, BonfiglioliRiduttoriS.p.A., ZF Friedrichshafen AG. NSK Limited, Hyundai Mobis Co. Ltd., Evans Electric, TM4 Inc., e-traction B.V., Kolektor, NTN Corporation., Elaphe Ltd., GEM Motors d.o.o, Magnetic Systems Technologies, Siemens AG, YASA Limited, and Printed Motor Works.

 About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

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Analysis of Wheel Hub Market in Global Industry: Demand, Growth Factors, Supply, Latest Rising Trend & Forecast to 2024

Excell Reports announces the addition of new study based research report on Global Wheel Hub Market to their suite of offerings. The report provides key statistics on the market status of the Wheel Hub manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology. Then, the report explores the international major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2024 market shares for each company.

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The report for Global Wheel Hub Market comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

The automotive manufacturers are making heavy investment into R&D to develop a technology that will improve the efficiency of the vehicle and reduce the environmental impact of the vehicle as well as they are focusing on investing in R&D to gain a competitive edge over peers.

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The Global Wheel Hub Market report provides a comprehensive scenario of the present market and market forecast up to 2024, Wheel Hub market strategies, development strategies and growth opportunities. Starting a discussion on the current state of industry, the report further analyses the market dynamics affecting each category present in it. The market report includes upstream raw materials, equipment, and downstream consumer’s analysis. In addition report analyses market size and forecast of Wheel Hub by product, region and application and other research essentials like type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries client’s information, which is very important for the manufacturers.

Scope of the Report: 

This report focuses on the Wheel Hub in Global market, especially in USA, Europe, China, Japan, India, Southeast Asia. This report categorizes the market based on manufacturers, regions, type and application.

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Important Points From Table of Content Covered In Report:

Chapter One Introduction of Wheel Hub Industry 1.1 Brief Introduction of Wheel Hub 1.2 Development of Wheel Hub Industry 1.3 Status of Wheel Hub Industry

Chapter Two Manufacturing Technology of Wheel Hub 2.1 Development of Wheel Hub Manufacturing Technology 2.2 Analysis of Wheel Hub Manufacturing Technology 2.3 Trends of Wheel Hub Manufacturing Technology

Chapter Three Analysis of Global Key Manufacturers 3.1 Company A 3.1.1 Company Profile 3.1.2 Product Information 3.1.3 2014-2018 Production Information 3.1.4 Contact Information 3.2 Company B 3.2.1 Company Profile 3.2.2 Product Information 3.2.3 2014-2018 Production Information 3.2.4 Contact Information 3.3 Company C 3.2.1 Company Profile 3.3.2 Product Information 3.3.3 2014-2018 Production Information 3.3.4 Contact Information 3.4 Company D 3.4.1 Company Profile 3.4.2 Product Information 3.4.3 2014-2018 Production Information 3.4.4 Contact Information

And So More…

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Global Automotive Electric Power Steering Market Estimated to grow at 6% CAGR between 2021 and 2023 due to demand for technically superior automobiles

Automotive electric power steering is more efficient than the traditional engine driven pumps. Market Research Future (MRFR) has published a research report about the global automotive electric power steering market that estimates increase at 6% CAGR (Compound Annual Growth Rate) for this market with a high rate between 2017 and 2023.

A pivotal factor driving the growth of the global automotive electric power steering market is the growing demand for the technically superior automobiles with high-end features, better safety options, and economic cost. The second most important factor is attempts by automobile makers to try manufacturing eco-friendly cars with a lesser carbon footprint via automotive electric power steering system. The third factor supporting market growth is the demand for comfortable and user-friendly cars.

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 The global automotive electric power steering market segmentation segments the market into the component, fuel, mechanism, type, and vehicle type. The component-based segmentation segments this market into bearing, mechanical rack & pinion, steering column, steering gear, and steering wheel. Based on fuel, the market has been segmented into battery electric vehicle (BEV), diesel, hybrid electric vehicle (HEV), plug-in hybrid electric vehicle (PHEV), and petrol. Vehicles powered by petrol and diesel mostly use electric power steering technology. The electric car offers better integration solution for such steering.

Regarding mechanism, the market has been segmented into collapsible and rigid. The collapsible variety has received more preference, due to the reduced chances of serious injuries to passengers. By type, the market has been segmented into passenger vehicle, heavy commercial vehicle (HCV), and light commercial vehicle (LCV).

The regional segmentation of the global automotive electric power steering market has segmented the global market into regional markets namely Asia Pacific, North America, Europe, the rest of the world (RoW). North America market is growing primarily due to the revamped automotive sector and heavy investments ensuring the intake of luxury cars. Other factors contributing to the market growth are the adoption of self-driving cars, the high purchasing power of consumers, increased research & development (R&D) activities for innovation, the presence of key market players in this region, technological advancement, and growing investment in luxury cars and electric cars. Significant country-specific markets in this region are USA and Canada.

During the forecast period, the Asia Pacific market is expected to rise as the next global automotive hub due to the rising income and purchasing power of the middle class. The electric power steering system can be adopted in all segments of automobiles. Therefore, it can reduce the production cost via mass production. India is the most important market in this region, followed by the remaining countries in the Asia Pacific region. China and Japan are two important economies in this region.

In Europe, the market is strong due to the availability of the maximum variety of technologically superior cars and the presence of many key market players. In this region, the important country-specific markets are Germany and Spain. France and UK are two important economies in this region.

Key Players

The key players in the global automotive electric power steering market include Delphi Automotive (UK), Federal-Mogul (USA), Hitachi Automotive Systems Ltd. (USA), Hyundai Mobis (South Korea), JTEKT Corporation (Japan), KSR International Company (Canada), Mando Corporation (South Korea), Mitsubishi Electric Corporation (Japan), Nexteer Automotive (USA), NSK Ltd. (Japan), Robert Bosch GmbH (Germany), Showa Corporation (Japan), Sona Koyo Steering Systems Ltd. (India), ThyssenKrupp AG (Germany), and TRW Automotive (USA).

Latest Industry News

·         China Automotive Systems Inc. (CAAS), a leading power steering components and systems supplier in China, signed an agreement with Hyoseong Electric Co. Ltd. for a joint venture. This venture aims to design, manufacture and sell electric motors for automotive electric power steering systems (EPS). 27 DEC 2018

·         2019 Toyota Camry Hybrid has been launched in India at a price of Rs 36.95 lakhs (the US $ 51,796.51). 18 JAN 2019

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 Key Questions Addressed by the Report

What was the historic market size?

Which segmentation (Product/     Capacity) is driving market?

What will be the growth rate?

How are the key players in this market?

What are the strategies adopted by     key players?

TABLE OF CONTENTS

 1 EXECUTIVE SUMMARY

 2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact Company Name: Market Research Future Contact Person: Abhishek Sawant Email: Send Email Phone: +1 646 845 9312 Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar City: Pune State: Maharashtra Country: India Website: https://www.marketresearchfuture.com

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  Key Findings, COVID – 19 Impact Analysis, Business Trends, Industry Segments, Regional Study, Emerging Technologies and Future Prospects

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Best Deal on American Racing Wheels

The aftermarket wholesale wheel market has recently gained momentum and is destined to become another automotive industry success story. Car enthusiasts are flocking to buy custom wheels as they not only want lighter and prettier alternatives but also demand a high performing product that is able to provide ultimate handling and driving experience. Gone are the days when customized wheels were sold at a premium to only those who could afford high price tag. Now, globalization has allowed manufacturers to design more efficient tires which can be mass marketed to an average racing fan. This means that the aurora of luxury, sportiness and wealth can be tailored to meet the tastes of everyday car lover.

The Charm of Custom Wheels

Need for custom wheels was readily felt in the early years of car manufacturing when consumers realized that investment in automobile is a huge undertaking. To them, it was logical to look after their investment as they would care for any other luxury item. This idea yielded the concept of custom wheels that would modify or replace the vehicle manufacturer standard. Historically, these wheels were expansive to produce and were not offered as a standard package to a new car buyer. Often times, the buyer was enticed to buy it as an add-on accessory, a practice that continues to this day. Fortunately, racing car fans soon found out that buying these modified wheels from a reputable aftermarket wholesale wheel supplier greatly reduces cost in comparison to what car agents offer. See here best beach cooler with wheels

These cost savings are further amplified by the fact that wholesalers effectively increase the value by providing a greater variety of custom wheels to choose from. Such variations are needed because competition based customers want stronger wheels, able to withstand the wear and tear of an otherwise rough terrain. Alternatively, appearance oriented car owner require larger and distinctively designed custom wheels which should stands out in the crowd. Therefore, these customized wheels have become an icon in hip hop and sports culture, inspiring the launch of such devoted publications as DUB magazine.

Categories of Aftermarket Custom Wheels

Custom wheels can actually be classified into six broad categories but the most desirable characteristic of a wheel will differ by the needs of its owner.

1. Automobile Racing

In automobile racing, the weight of the wheel in ratio to car size is of utmost importance as most tracks consist of numerous sharp turns requiring automobiles to optimize corner weights. Still, it does not mean that weight is the only significant aspect for racing cars.

2. Drag Racing

Another category is drag racing where drivers rely on a wider base to accommodate traction. Nowadays, drag racing is not just restricted to main events but continues to thrive legally and illegally. Young groups of automobile fanatics converge on their favorite hideouts to try techniques that they would never be able to carry out in a formal setting. Due to a shorter track, such clandestine events require that participating cars not only posses the qualities of speed but also constitute all the mechanics of drag racing.

3. Rally Perhaps one of the most well known categories of car racing is Rally. The main emphasis of a Rally driver is on the strength of its wheels. Due to unpaved conditions, rally wheels are made from a heavy duty metal base. In this sport, a good wheel can be the difference between finishing first or last. It is necessary that participants make careful decision between speed, stability and control. Amid the growing popularity of amateur rallies and accompanying lucrative prizes, it is recommended that rally drivers consult an expert wheel supplier to determine the most feasible wheel type.

4. Touring Cars Touring car racing can be classified as another category. This classification is the fastest growing classification as it allows heavily modified street cars to compete. The width and weight are the primary factors contributing to a performance of a touring car. Once famous in Europe, modified racing car owners love this unique concept as it may be the fastest lane to fame and glory.

5. Street Driving (Cruising) Unlike racing, Street driving allows anyone and everyone to showcase their cars. Here, the primary concern is the visual appeal. Americans are more accustomed to cruising strips where hundreds of cars congregate in a bumper to bumper parade displaying their visual appeal to the general Public. McHenry Avenue in Modesto, California is one of the most popular cruising strips made popular by the film, American Graffiti. In earlier decades, street driving in Woodward Avenue, Detroit reached its peak in 1960's when magazines like Car & Driver, Motor Trend and CBS World News would cover those events. To many, street driving events or cruising nights are one of the best events to see and be seen. Large events such as these can attract one Million viewers with 40000 cars comprising special interest, collector, custom, street rods and muscle cars. Apart from the overall beauty, custom wheels are one of the cheapest and among the most attractive feature of this car parade.

6. Multi-Purpose A sixth and somewhat vague category for the uses of custom wheels is multi-purpose. Fervent custom car designers, who are well known among their community circles, keep multiple sets of wheel which define strength, visual appeal, width and weight. As a result, they proceed to change them according to the requirements of an event.

Alloy Wheels

Actually, a true car enthusiast never misses an opportunity to buy alloy or chrome wheels. It will not be an oversimplification to suggest that most major wheel wholesalers specifically market these wheels that provide significant advantage over an average steel wheel. The major benefit of alloy wheels is that they are typically light weight but impart superior strength. Moreover, these wheels are better conductor of heat providing an improved cosmetic appearance. Formula One race car drivers use these wheel types as it allows better suspension for vehicle so that a racing car may follow the terrain closely with a firmer grip.

It should be noticed that steel wheels require wheel covers and hub caps due to the corrosive nature of the steel. On the other hand, alloy wheels are corrosion resistant with a bare metal finish which allows for attractive design finish. In light of increasing theft of wheel covers and hub caps of steel wheels, the overall higher price of an alloy wheel is fully justified. Furthermore, a severally damaged alloy or chrome wheel can be repaired like new, saving additional dollars in the long run. Basically, alloy wheels are manufactured in two classes, cast and forged. Wholesalers mostly keep inventory of cast wheels but consumers may also come across forged alloy wheels from companies that solely rely on these such as Vellano, Weld and DONZ brands.

Admirers of Plus Size alloy wheels who crave for muscle cars and rough terrain should keep in mind that like standard wheels, these tires come with their own benefits and disadvantages. Probably, the greatest advantage lies in the fact that it substantially increases the handling of an automobile by keeping the tire tread square to the road. Therefore, drivers of Plus Size custom wheels feel the thrill of improved drivability, instantaneously. On the other hand, improper size will make tire inches lighter than wheel inches, making the vehicle act erratically. Thus, it is recommended to consult a wheel specialist before mounting these kinds of large wheels.

The Popular Brands

Currently, the market is fraught with reputable aftermarket wheel brands therefore buyers should do considerable research before embarking on a journey to buy custom wheels. Contrary to popular belief, a wholesale wheel supplier expert can provide valuable advice instead of usual marketing rhetoric. If confused, shopping for a well known brand will ensure safety and value for money. Some of the popular brands are Akuza, MSR Wheels, Incubus, Viscera, MHT, Cattivo, Ballistic, Boss Wheels, Menzari, Devino, Antera, Marchesini, ION, Sparco, Speedline, TeamDynamics, NAD Wheels, Lexani, R2 Wheels, DUB, Lowenhart, DONZ, Rennen, Rial, Sacchi, Orobica Line, DIP, M.B Italia, Toora, G.M.P Italia, Shooz, Vellano, MOZ, Watanabe, SSR Wheels, Wolfhart, Wolfrace, Panther Wheel, American Racing Wheels, Motegi Racing Performance Wheels, Weld Racing, BBS Wheels, CMS, 5Zigen, Volk Racing, Konig Wheels and Rimstock.

Although not all brands are mentioned here but one should be circumspect before buying anything outside of these popular makes. The appropriate wheel size on a car or truck will depend on a number of factors but usually custom wheels range from 16 to 30 inches in diameter. Apart from its size, a good aftermarket wheel dealer should offer different color wheels. These black, green, red and blue colors are considered a vital component of a trophy car. The average range of these wheels is below $500 but special category wheels may demand a higher price reaching more than thousand dollars.

In wheel manufacturing industry, Lexani is akin to Rolls Royce. These wheels are known for their world class finish and almost always sell for more than $500. Despite such high cost, users have become addicted to its style and quality finishes which continues to inspire a generation. For muscle cars and other big automobiles, Jesse James Wheels, DUB and Lexani compete to provide the ultimate large wheels of more than 28 inches in diameter, constituting every aspect of modern cutting edge technology. Below are the profiles of some well known companies that excel in manufacturing top quality custom wheels:

MSR Wheels from American Eagle Corporation

It is one of the oldest privately held wheel suppliers in the industry. Their network spans multiple continents carrying a great deal of investment in Research & Development. A majority of their inventory comprises of 17 to 18 inch Silver and Black wheels. The wheels are developed using advanced ProMechanica and Magma engineering software.

MHT Wheels Inc. This California based company specializes in the production of large luxury alloy wheels. These wheels are always multi piece that are constructed by using inner and outer rim halves utilizing the latest CNC machining process to ensure long term reliability. MHT wheels are chrome plated larger than 20 inches representing a wide variety of colorful dimensions.

Boss Wheels

The name is synonymous with aftermarket wheel industry standard. The company produces one of the largest assortments of customized wheels for general public and racing enthusiasts. Customers should always seek a supplier that specializes in Boss and is able to give warranties. High quality accompanying very reasonable prices has long been a trademark of Boss Wheels.

ION

Ion alloy wheels are custom designed to fit luxury and racing cars. The company distinguished itself by marketing highly intricate products and selling those at abargain. A new style or blowout special available seems to be available on hand.

American Racing

It is the largest manufacturer of after market custom wheels in the World. The company is popular among motor car enthusiasts looking for high performance chrome, polished and painted wheels for cars, mini trucks and SUV. Every wheel comes with a two year warranty on chrome plating and a life time guarantee on structural defects. Moreover, the prices are in reach of almost every racing fan.

DUB

At DUB, wheels over 20 inches are custom made for large vehicles protruding extravagant design. The manufacturer is known for its extreme fitments that can be tailored to adjust in any car or super large vehicles.

DIP

These alloy wheels come in chrome, polished, painted and most other types of finishes. The wide range represents a variety of different sizes and shapes delivering excellent craftsmanship as well as a great 'value for money'.

Lexani

A name of prestige and luxury, Lexani offers the best selection of luxury aftermarket customized wheels for large size automobiles. Although, the price tag is mostly higher than the expectations of an average buyer but these products are made to finish the toughest terrain on earth. When selecting Lexani wheels, it is prudent to consult your supplier who will be able to match or customize Lexani wheels according to your taste.

SACCHI

Marketed to consumer looking for 16 to 18 inches wheel rimes, SACCHI offers amateur and first time buyers an opportunity to shop for highest quality, head turning design, at lower costs. The manufacturer is proud to distinguish itself solely on reputation for excellence.

SHOOZ

The Company offers some of the most eye catching custom wheels in the industry. A fantastic assortment of gold, silver and black wheels are mostly offered with a complete package saving plenty of cost in accessories.

Buying Custom Wheels

Before buying custom wheels, it is important to keep few things in mind. Concerning appearance, a wheel should always add style to your vehicle instead of looking a separate part of your car. In contrast, if speed is the sole purpose then alloy wheels may be a more suitable choice than chrome due to their lighter weight. Racing car fans should buy large rims to give a natural sporty look. Make sure that these large wheels fit the bolt pattern of the vehicle which otherwise affects handling. Under these circumstances, a salesperson can also act as a good adviser.

In order to deal with pricing issues, it is vital to understand that most brick and mortar physical storefronts will usually charge a higher price for same tires sold at online stores. The price difference is due to warehousing and rental costs of keeping the place. Most savvy aftermarket wheel buyers select a tire from online store and then proceed to a physical store to check it first hand. Once satisfied, these buyers turn towards the internet to get a bargain. There is nothing wrong with buying from a reputable online aftermarket wheel supplier as most companies have online stores acting as a major source of their marketing income.

[toomanysinks]

Transportation Weekly: Polestar CEO speaks, Tesla terminology, and a tribute

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch . This is the fourth edition of our newsletter, a weekly jaunt into the wonderful world of transportation and how we (and our packages) move.

This week we chat with Polestar CEO Thomas Ingenlath, dig into Lyft’s S-1, take note of an emerging trend in AV development, and check out an experiment with paving. Oh, and how could we forget Tesla.

Never heard of TechCrunch’s Transportation Weekly? Catch up here, here and here. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. (An email subscription is coming). 

ONM …

There are OEMs in the automotive world. And here, (wait for it) there are ONMs — original news manufacturers. (Cymbal clash!) This is where investigative reporting, enterprise pieces and analysis on transportation lives.

This week, we’re featuring excerpts taken from a one-on-one interview with Polestar CEO Thomas Ingenlath.

On February 27, Volvo’s standalone electric performance brand Polestar introduced its first all-electric vehicle, a five-door fastback called the Polestar 2. The EV, which has a 78 kWh battery pack and can travel 275 miles (estimated EPA guidance) on a single charge, will be manufactured at a new factory in Chengdu, China. Other notable specs: The infotainment system will be powered by Android OS, Polestar is offering subscriptions to the vehicle, and production starts in 2020.

Here is what Ingenlath had to say to me about …

EV charging infrastructure

To be very unpolitical, I think it would be totally stupid if we were to aim to develop electric charging infrastructure on our own or for our brand specifically. If you join the electric market today, of course, you would see partnerships; that’s sensible thing to do. Car companies together are making a big effort in getting out a network of necessary charging stations along the highway. 

That’s what we’re doing; we’re teaming up and have the contracts being designed and soon signed.

On the company’s approach to automation 

The terminology is important for us. We very clearly put that into a different picture, we’re not talking about, and we clearly do not ever want to label it, an “autopilot.” The focus of this system is a very safe distance control, which brakes for you and accelerates for you, and of course, the lane keeping. This is not about developing an autopilot system, it is about giving your safety. And that’s where we don’t want to provoke people thinking that they have full rollout autopilot system there. But it is a system that helps you being safe and protected on the road.

I also reached out to Transportation Weekly readers and asked what they wanted to know and then sent some of those questions to Ingenlath.

TW Reader: How did it feel taking one of your personal styling elements – the C shaped rear lamps – from your previous brand over to Polestar?

Ingenlath: It’s an evolutionary process. Polestar naturally builds on its “mothers” DNA and as a new branch develops its own personality. Thor’s hammer, the rear light signature -—with each new model launch (Volvo and Polestar) those elements diverge into a brand specific species.

TW Reader: How much do you still get to do what you love, which is design?

Ingenlath: Being creative is still my main job, now applied on a broader scope — trying to lead a company with a creative and  brand building mindset. Still, I love the Fridays when I meet up with Robin and Max to review the models, sketches and new data. We really enjoy driving the design of both brands to new adventures.

Dig In

Tesla is finally going to offer customers a $35,000 Model 3. How the automaker is able to sell this electric vehicle at the long-awaited $35,000 price point is a big piece of that story — and one that some overlooked. In short, the company is blowing up its sales model and moving to an online only strategy. Tesla stores will close or be converted to “information centers” and retail employees will be laid off.

But this is not what we’re going to talk about today. Tesla has also brought back its so-called “full self-driving” feature, which was removed as an option on its website last year. Now it’s back. Owners can opt for Autopilot, which has automatic steering on highways and traffic-aware cruise control, or FSD.

FSD capability includes several features such as Navigate on Autopilot that is supposed to guide a car from a highway on-ramp to off-ramp, including navigating interchanges and making lane changes. FSD also includes Advanced Summon, Auto Lane Change, and Autopark. Later this year, the system will recognize and respond to traffic lights in more complex urban environments, Tesla says.

All of these features require the driver to be engaged (or ready to take over), yet it’s called “full self-driving.” Now Tesla has two controversially named automation features. (The other is Autopilot). As Andrew Hawkins at The Verge noted in his coverage, “experts are beginning to realize that the way we discuss, and how companies market, autonomy is significant.”

Which begs the obvious question, and one that I asked Musk during a conference call on Thursday. “Isn’t it a problem that you’re calling this full self-driving capability when you’re still going to require the driver to take control or be paying attention?” (I also wanted to ask a followup on his response, but the moderator moved onto the next reporter).

His response:

“We are very clear when you buy the car what is meant by full self driving. It means it’s feature complete, but feature complete requiring supervision.

As we get more — we really need billions of miles, if not maybe 10 billion sort of miles or kilometers on that order collectively from the fleet — then in our opinion probably at that point supervision is not required, but that will still be up to regulators to agree.

So we’re just very clear.  There’s really three steps: there’s being feature complete of full self driving that requires supervision, feature complete but not requiring supervision, and feature complete not requiring supervision and regulators agree.

In other Tesla news, the National Transportation Safety Board is investigating a crash, that at first glance seems to be similar to the fatal crash that killed Tesla owner Joshua Brown.

In cooperation with the Palm Beach sheriff’s office, the NTSB is sending a team of three to conduct a safety investigation of the commercial motor vehicle and Tesla crash in Delray Beach, FL.

— NTSB_Newsroom (@NTSB_Newsroom) March 2, 2019

A little bird …

We hear a lot. But we’re not selfish. Let’s share.

It’s no secret that Pittsburgh is one of the hubs of autonomous vehicle development in the world. But what’s not so widely known — except for a group of government and company insiders — is that Mayor William Peduto is on the verge of issuing an executive order that will give more visibility into testing there. 

The city’s department of mobility and infrastructure is the central coordinator of this new executive order that aims to help guide testing and policy development there. The department is going to develop guidelines for AV testing, we’re told. And it appears that information on testing will be released to the public at least once a year.

Got a tip or overheard something in the world of transportation? Email me or send a direct message to @kirstenkorosec.

Deal of the week

Daimler and BMW are supposed to be competitors. And they are, except with mapping (both part of the HERE consortium), mobility services (car sharing, ride-sharing), and now the development of highly automated driving systems. The deal is notable because it illustrates a larger trend that has emerged as the AV industry hunkers down into the “trough of disillusionment.” And that’s consolidation. If 2016, was the year of splashy acquisitions, then 2019 is shaping up to be chockfull of alliances and failures (of some startups).

Also interesting to note, and one that will make some AV safety experts cringe, both companies are working on Level 3 driving automation, a designation by the SAE that means conditional driving automation in which multiple high levels of automation are available in certain conditions, but a human driver must be ready to take over. This level of automation is the most controversial because of the so-called “hand off” problem in which a human driver is expected to take control of the wheel in time.

Speaking of partnerships, another deal that got our attention this week involved New York-based mapping and data analytics startup Carmera and Toyota Research Institute-Advanced Development. TRI-AD is an autonomous drive unit started by Toyota with Denso and Aisin. TRI-AD’s mission is to take the research being done over at the Toyota Research Institute and turn its into a product.

The two companies are going to test a concept that will use cameras in Toyota test vehicles to collect data from downtown Tokyo and use it to create high definition maps for urban and surface roads.

TRI-AD considers this the first step towards its open software platform concept known as Automated Mapping Platform that will be used to support the scalability of highly automated driving, by combining data gathered from vehicles of participating companies to generate HD maps. AMP is new and has possible widespread implications at Toyota. And TRI-AD is full of A-listers, including CEO James Kuffner, who came from the Google self-driving project and Nikos Michalakis, who built Netflix’s cloud platform, and Mandali Khalesi, who was at HERE.

Read more on Khalesi and the Toyota’s open source ambitions here.

Other deals:

India’s Ola spins out a dedicated EV business — and raised $56M

Volvo Cars has acquired a stake in Zūm, an on-demand ride sharing service for children

Snapshot

Snapshot this week is a bit untraditional. It’s literally a snapshot of myself and my grandmother, months before her 100th birthday. Her memorial service was held Saturday. She died at 101. She loved cars and fast ones, but not so much driving them. And every time I got a new press car, we’d hit the road and she’d encourage me to take the turns a bit faster.

She also loved road trips and in the 1920s, her father would drive the family on the mostly dirt roads from New Jersey to Vermont and even Canada. In her teens, she loved riding in the rumble seat, a feature found in a few vehicles at the time including the Ford Model A.

She was young at heart, until the very end. Next week, we’ll focus on the youngest drivers and one automotive startup that is targeting that demographic.

Tiny but mighty micromobility

Lyft’s S-1 lays out the risks associated with its micromobility business and its intent to continue relying on third parties to manufacture its bikes and scooters. Here’s a key nugget about adoption:

“While some major cities have widely adopted bike and scooter sharing, there can be no assurance that new markets we enter will accept, or existing markets will continue to accept, bike and scooter sharing, and even if they do, that we will be able to execute on our business strategy or that our related offerings will be successful in such markets. Even if we are able to successfully develop and implement our network of shared bikes and scooters, there may be heightened public skepticism of this nascent service offering.”

And another about seasonality:

“Our limited operating history makes it difficult for us to assess the exact nature or extent of the effects of seasonality on our network of shared bikes and scooters, however, we expect the demand for our bike and scooter rentals to decline over the winter season and increase during more temperate and dry seasons.”

Lyft, which bought bike-share company Motivate back in July, also released some data about its electric pedal-assist bikes this week, showing that the pedal assist bikes are, unsurprisingly, more popular than the traditional bikes. They also traveled longer distances and improved winter ridership numbers. Now, Lyft is gearing up to deploy 4,000 additional electric bikes to the Citi Bike system in New York City.

One more thing …

Google Maps has added a feature that lets users see Lime scooters, pedal bikes and e-bikes right from the transit tab in over 80 new cities around the world. Users can click the tab to find out if Lime vehicle is available, how long it’ll take to walk to the vehicle, an estimate of how much their ride could cost, along with total journey time and ETA.

Notable reads

If take the time to read anything this week (besides this newsletter), spend some time with Lyft’s S-1. The ride-hailing company’s prospectus mentions autonomous 109 times. In short, yeah, it’s something the company’s executives are thinking about and investing in.

Lyft says it has a two-pronged strategy to bring autonomous vehicles to market. The company encouraging developers of autonomous vehicle technology to use its open platform to get access to its network and enable their vehicles to fulfill rides on the Lyft platform. And Lyft is trying to build its own autonomous vehicle system at its confusingly named “Level 5 Engineering Center.”

The company’s primary investors are Rakuten with a 13 percent stake, GM with 7.8 percent, Fidelity with 7.7 percent, Andreessen Horowitz with 6.3 percent and Alphabet with 5.3 percent. GM and Alphabet have business units, GM Cruise and Waymo respectively, that are also developing AV technology.

Through Lyft’s partnership with AV systems developer and supplier Aptiv, people in Las Vegas have taken more than 35,000 rides in Aptiv autonomous vehicles with a safety driver since January 2018.

One of the “risks” the company lists is “a failure to detect a defect in our autonomous vehicles or our bikes or scooters”

Other quotable notables:

Check out the Pedestrian Traffic Fatalities by State report, a newly released report from Volvo Car USA and The Harris Poll called  The State of Electric Vehicles in America.

Testing and deployments

Again, deployments doesn’t always mean the latest autonomous vehicle pilot.

On Saturday, Sidewalk Labs hosted its Open Sidewalk event in Toronto. This is part of Sidewalk Toronto, a joint effort by Waterfront Toronto and Alphabet’s Sidewalk Labs to create a “mixed-use, complete community” on Toronto’s Eastern Waterfront

The idea of this event was to share ideas and prototypes for making outdoor public space the “social default year-round.” One such prototype “hexagonal paving” got our attention because of its use case for traffic control and pedestrian and bicyclist safety. (Pictured below)

These individual precast concrete slabs are movable and permeable, can light up and give off heat. The idea is that these hexagonal-shaped slabs and be used to clear snow and ice in trouble spots and light up to warn drivers and pedestrians of changes to the street use or to illuminate an area for public uses or even designate bike lanes and hazard zones. And because they’re permeable they can be used to absorb stormwater or melted snow and guide it to underground stormwater management systems.

Sidewalk Labs tell me that the pavers have “plug and play” holes, which allow things like bike racks, bollards, and sign posts to be inserted. Sidewalk Labs initially built these with wood, and the new prototype is the next iteration, featuring modules built from concrete.

On our radar

There is a lot of transportation-related activity this month.

The Geneva Motor Show: Press days are March 5 and March 6. Expect concept, prototype and production electric vehicles from Audi, Honda, Kia, Peugeot, Pininfarina, Polestar, Spanish car company Hispano Suiza, and Volkswagen.

SXSW in Austin: TechCrunch will be at SXSW this coming week. Here’s where I’ll be.

2 p.m. to 6:30 p.m. March 9 at the Empire Garage for the Smart Mobility Summit, an annual event put on by Wards Intelligence and C3 Group. The Autonocast, the podcast I co-host with Alex Roy and Ed Niedermeyer, will also be on hand.

9:30 a.m. to 10:30 a.m. March 12 at the JW Marriott. The Autonocast and founding general partner of Trucks VC, Reilly Brennan will hold a SXSW podcast panel on automated vehicle terminology and other stuff.

3:30 p.m over at the Hilton Austin Downtown, I’ll be moderating a panel Re-inventing the Wheel: Own, Rent, Share, Subscribe. Sherrill Kaplan with Zipcar, Amber Quist, with Silvercar and Russell Lemmer with Dealerware will join me.

TechCrunch is also hosting a SXSW party from 1 pm to 4 pm Sunday, March 10, 615 Red River St., that will feature musical guest Elderbrook. RSVP here. 

Self Racing Cars

Finally, I’ve been in contact with Joshua Schachter who puts on the annual Self Racing Car event, which will be held March 23 and March 24 at Thunderhill Raceway near Willows, California.

There is still room for participants to test or demo their autonomous vehicles, drive train innovation, simulation, software, teleoperation, and sensors. Hobbyists are welcome. Sign up to participate or drop them a line at contact@selfracingcars.com.

Thanks for reading. There might be content you like or something you hate. Feel free to reach out to me at kirsten.korosec@techcrunch.com to share those thoughts, opinions or tips. 

Nos vemos la próxima vez.

source https://techcrunch.com/2019/03/03/transportation-weekly-polestar-ceo-speaks-tesla-terminology-and-a-tribute/

[sudeepkedar]

Europe Automotive Paints & Coatings Market is predicted to witness over 5.8% CAGR by 2026

Europe Automotive Paints & Coatings Market To Hit USD 2.72 Bn By 2026. Europe automotive paints & coatings market forecast is primarily driven by changing customer tastes toward improving vehicle appearances. Because of the high depreciation rate of new vehicles, easy financing options, and much cheaper costs of used cars, there is a growing predisposition toward the acquisition of pre-owned cars, which is opening up new prospects from refinishing paint & coating applications.

In order to create brand awareness and set a foothold in the industry, key industry players are focusing on various marketing strategies, including product development, mergers and acquisitions, and collaborations. PPG, for example, announced the acquisition of Cetelon Lackfabrik GmbH, a maker of automotive coatings and light truck wheels, in April 2021. The acquired firm develops and manufactures a wide range of wheel coating solutions, including proprietary technology. It has production and sales headquarters in Germany, from where it serves several of the world's top wheel suppliers.

BASF SE, 3M, Axalta Coating Systems, PPG Industries Inc., AkzoNobel N.V., Sherwin-Williams Company, and Eastman Chemical Company are among the leading automotive paints & coatings companies in Europe.

Get sample copy of this research report @

https://www.graphicalresearch.com/request/1940/sample

 Germany automotive paints and coatings industry size is expected to reach USD 480 million by 2026. With significant manufacturing facilities, the nation is an automobile hub comprising of some leading automakers worldwide. The regional government is fully committed to environmental sustainability, with significant subsidies on electric car and plug-in hybrid vehicle sales, which are driving the automotive paints and coatings industry trends. According to the 2030 Climate Action Programme, the government intends to have up to 10 million EVs and 1 million charging stations on German roadways by 2030. Several EV incentives have been extended or introduced in order to meet this  goal.

The market share from the polyurethane-based coating is anticipated to expand at a rate of 6.5% CAGR through 2026 in Europe. Several automobile manufacturers employ polyurethane-based coatings because of their outstanding solvent resistance, weather ability, and mechanical characteristics.

The matte texture accounted for $75 million share of Europe automotive paints & coatings market in terms of sales during 2019. This texture is popular due to its non-reflective and flat look, as well as sandy and rough textures. Several automobile manufacturers, including Lexus, Hyundai, and others, are providing matte textures on recently released vehicles, including Lexus' special edition GS F and RCF. The preference for this texture is increasing amongst consumers in the automotive aftermarket, where several participants are offering custom matte-paint jobs.

Request for customization @

https://www.graphicalresearch.com/request/1940/customize-this-report

Europe automotive paints & coatings industry share from the powder coating technology is anticipated to expand at a significant rate of about 5.6% CAGR up to 2026. Because of its excellent quality, cost-effectiveness, environmental friendliness, rapid paint applicability, convenience of use, as well as the refinement of paint application methods, powder coating technology is a preferred choice for a range of automotive part end-use applications.

The customer inclination toward sustainable powder coating technologies and products is growing. In 2020, PPG released a number of ecologically friendly new products, such as the PPG ENVIROCRON HTE Max severe corrosion polyester powder topcoat, which protects large truck wheels as well as agricultural, heavy-duty, and industrial equipment.

Several regional economies like Russia, France, and others, are experiencing a significant rise in new passenger car sales. Automobile manufacturers have transitioned from conventional gasoline to electric-powered car production, and significant expenditures in this endeavor are major future developments in the automotive sector. Ford stated in February 2021 that it will invest around USD 1 billion to achieve electrified passenger car manufacturing by 2030. Owing to the growing number of car registrations, the passenger car segment is expected to account for a substantial share of the automotive paints and coatings industry in Europe through 2026.

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