#Global Pickup Truck Eps Market Growth

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Global Pickup Truck Eps Market Trends and Growth Pathways 2024 - 2031

The Global Pickup Truck EPS (Electric Power Steering) Market is experiencing significant growth, driven by advancements in automotive technology and rising consumer demand for enhanced driving experiences. This article explores various facets of the market, including key trends, drivers, challenges, and regional insights.

Key Trends in the EPS Market

The Global Pickup Truck EPS Market is poised for substantial growth as technological advancements and changing consumer preferences reshape the automotive landscape. While challenges such as cost and competition from traditional systems exist

Adoption of Advanced Driver-Assistance Systems (ADAS)

The integration of ADAS in modern pickup trucks is a major trend influencing the EPS market. Systems such as lane-keeping assist, adaptive cruise control, and automated parking require precise steering control, which electric power steering provides. As manufacturers increasingly incorporate these features, the demand for EPS systems is expected to rise.

Shift Towards Electric Vehicles (EVs)

The transition towards electric vehicles is reshaping the automotive landscape, including the pickup truck segment. EPS systems are inherently more compatible with electric drivetrains, making them a preferred choice for manufacturers developing EV pickup trucks. This shift not only aligns with sustainability goals but also enhances vehicle performance and efficiency.

Increased Focus on Fuel Efficiency

As consumers become more environmentally conscious, there is a growing emphasis on fuel efficiency in vehicles. EPS systems contribute to this by reducing energy consumption compared to traditional hydraulic steering systems. The ability to improve fuel economy makes EPS a valuable technology for pickup truck manufacturers aiming to meet regulatory standards and consumer expectations.

Market Drivers

Growing Demand for Pickup Trucks

The rising popularity of pickup trucks, particularly in North America and Asia-Pacific, is a primary driver of the EPS market. Consumers appreciate the versatility, utility, and performance of pickup trucks, which are often equipped with advanced steering technologies to enhance the driving experience.

Technological Advancements

Continuous innovations in EPS technology, including improvements in sensor systems, control algorithms, and software integration, are propelling market growth. Enhanced steering feedback and adjustability cater to diverse driving conditions, making EPS systems increasingly appealing to manufacturers.

Regulatory Push for Safety Features

Government regulations promoting vehicle safety are compelling manufacturers to incorporate advanced steering systems. EPS enhances overall vehicle control and stability, contributing to improved safety ratings. This regulatory push serves as a strong incentive for adopting EPS in new pickup truck models.

Challenges Facing the EPS Market

High Initial Costs

Despite the advantages of EPS, the higher initial costs associated with its implementation can deter some manufacturers, especially in the lower-end pickup truck segment. The investment in advanced technologies may not yield immediate returns, making it a challenging decision for budget-conscious brands.

Technical Limitations

While EPS technology is advancing, some technical limitations remain. Issues such as system reliability under extreme conditions and potential loss of steering feel in certain scenarios can pose challenges. Manufacturers need to address these concerns to enhance consumer trust and adoption rates.

Competition from Hydraulic Steering Systems

Hydraulic steering systems, known for their robustness and reliability, continue to pose competition to EPS. Some consumers and manufacturers remain loyal to these traditional systems, particularly in heavy-duty applications where high torque and durability are essential.

Regional Insights

North America

North America is the largest market for pickup trucks, with a strong inclination towards EPS adoption. The region's robust automotive industry and consumer preference for technologically advanced vehicles are key factors driving market growth. Major manufacturers are increasingly integrating EPS in their pickup truck models to meet the demand for enhanced driving experiences.

Asia-Pacific

The Asia-Pacific region is witnessing rapid growth in the pickup truck EPS market, fueled by rising disposable incomes and urbanization. Countries like China and India are experiencing a surge in pickup truck sales, prompting manufacturers to adopt EPS for improved fuel efficiency and performance.

Europe

Europe's stringent regulations on emissions and vehicle safety are significant drivers for the EPS market. As manufacturers seek to comply with these regulations while providing better driving dynamics, the adoption of EPS systems in pickup trucks is expected to increase.

Conclusion

The Global Pickup Truck EPS Market is poised for substantial growth as technological advancements and changing consumer preferences reshape the automotive landscape. While challenges such as cost and competition from traditional systems exist, the benefits of EPS in terms of safety, efficiency, and performance present compelling reasons for its continued adoption. As manufacturers innovate and respond to regulatory pressures, the future of the EPS market in the pickup truck segment looks promising.

[atomicdinosaurdonut]

High-performance trucks Market 2020 | Global Analysis, Opportunities and Forecast 2023

Market Synopsis:

The high-performance trucks are equipped with a high-performance traction system, powerful motors, and intelligent electric control systems. With the changing consumer preferences inclined towards SUVs and trucks, manufacturers are diversifying their line-ups with off-roaders and fast, high-performance trucks & SUVs.

Resultantly, consumers are getting attracted to the livability of the high-performance truck. They are preferring them more over sports cars and off-roaders, which, as a result, escalates the market sales on the global platform, increasing their popularity and adoption.

According to Market Research Future (MRFR), the global high-performance truck market would garner a moderate growth by 2023, registering over 4% CAGR throughout the forecast period (2020 to 2023).

Additional factors that are substantiating the growth of the market include the increasing investments made by the manufacturers in R&D activities to drive innovations, modifications in the existing models, and customization of trucks. Moreover, the introduction of stringent emission norms by the governments in various nations, alongside, the increasing supply of temperature-sensitive material foster the growth of the market.

Also, an increase in the demand for frozen perishable commodities and the growth of the organized retail industry, especially in rapidly developing economies are propelling the market growth, creating a huge demand for refrigerating high-performance trucks.

Conversely, factors such as the prohibitive cost of manufacturing and the limited scope of electrification in such high-performance trucks are impeding the growth of the market up to some extent.

However, the introduction of high-performance electric trucks with advanced features that can ensure better performance and enhanced comfort for drivers are some of the factors that would support the growth of the market, generating tremendous opportunities over the forecast period.

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Global High-performance trucks Market – Segments

For a better understanding, the report has been segmented into five key dynamics:

By Transmission Type    : Automatic, Manual, and Semi-Automatic.

By Vehicle Type         ��                     :  Crew Cab, Conventional Pickups, Sports Trucks, and Long-Haul Trucks, among others.

By Application                  : Dumping, Distribution, Refrigeration, and Container, Tanker among others.

By Engine                                            :  Gasoline and Diesel among others.

By Regions                                          : Europe, North America, Asia Pacific, and Rest-of-the-World.

High-performance trucks Market – Regional Analysis

The Asia Pacific region would retain its dominance over the global High-performance trucks Market throughout the forecast period. Booming construction industry led by the ever-increasing population in China, Indonesia, and India supports the regional growth, increasing the uptake of these trucks. Same trends are expected to continue in the future as well.

The major factors substantiating the growth of the regional market include the shift in consumer preferences towards premium trucks, axle loading, and the introduction of regulatory developments such as emission control norms. The increasing number of infrastructure projects, especially in the rapidly developing countries such as India, China, South Korea, and Japan would provide a colossal impetus to the growth of the market in the region.

The High-performance trucks Market in the North American region accounts for the second-largest share, globally. The region is expected to generate a huge demand, especially for high-performance dumping trucks. The US market leads the regional market, showcasing a range of high-performance vehicles.

Just a couple of years ago, sales of passenger cars, SUVs, and trucks were almost at parity in the region.  However, truck sales have risen while car sales have fallen. This trend would continue in the future, which would substantiate the growth of the market in the US and eventually in the North American region.

High-performance trucks Market – Competitive Analysis

Highly competitive, the High-performance trucks Market is driven by the increase in the production segment.  The market appears to be highly fragmented owing to the presence of several well-established players. To maintain their market positions, these players incorporate strategic initiatives such as collaboration, acquisition, technology launch, partnership, and expansion.

The market is estimated to witness a relentless product launch, which would intensify the competitive nature of this market, further. In the wake of increasing demand for high-performance trucks, more models are envisaged to enter the mass market. Players emphasis on geographical expansion as well. Engine manufacturers strive to develop engines with adept technologies, unrivaled design, and features.

Major Players:

Players leading the global High-performance trucks Market include ZF (Germany), Chevrolet (US), Dodge (US), General Motors Truck Company (US), Volvo trucks (Sweden), Toyota Motor Corporation (Japan), Daimler Trucks North America LLC (US), Caterpillar Inc. (US), Paccar Inc. (US), MAN Truck & Bus AG (Germany), and Cummins (US), among others.

Industry/ Innovation/ Related News:

June 5, 2019 --– Tesla, Inc. (the US), an automotive and energy company announced that it is entering into the production of a high-performance pickup with a starting price of under USD 50,000. Even at such a prohibitive price, the Tesla pickup would still cost more than the average truck. The design of the Tesla pickup would pretty be as of a sci-fi. Tesla has decided to launch the truck soon, later in the year i.e.2019.

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Electric Power Steering System (EPS) Market Research Report – Forecast to 2023

[markrush1]

Air Brake System Market Overview on Future Threats the COVID- 19 by 2026

Air Brake System Market was valued at US$ 4.1Bn in 2017 and is expected to reach US$ 6Bn by 2026, at a CAGR of 4.87% during a forecast period.

Increase in heavy commercial vehicle production in Asia pacific and Europe market. Owing to the increasing technological advancements, increasing concerns over safety, and stringent government mandates to improve commercial vehicle safety, the demand for air brake systems is estimated to increase in the coming years. Vehicles now are able to access upon the external information and content are factors to impact more on the growth of Air Brake System market

Based on the Vehicle, Heavy-Duty vehicle is expected to hold the largest share in the market during the forecast period. Rising potential demand for trucks in every country. Automation and connectivity are driving the heavy duty vehicle industry. Owing to the increasing manufacturing across the globe. High availability of raw materials and low-cost labors will promote heavy-duty trucks industry across the region. Inclining international and local trading activities world-wide will fuel the heavy duty trucks industry growth over the projected timeframe. Around 2017, it appears to have stabilized the heavy truck market, and there is reason to expect further growth averaging 5.0 percent or more annually between forecasted period. In Type, Disc is also expected to lead the market growth.

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The report provides details list of drivers and restraints of the market, which are influencing the market growth.

Major driving factors of the Air Brake System market are increasing the quantity of vehicles has expanded essentially over the globe because of modernization and enhanced spending energy of individuals. This has prompted an expansion in the automotive emanation levels too. Increasing demand from passenger and commercial vehicle. Increasing R&D activities by major players for development of cost effective product is expected to create new opportunities. Intelligent transport systems giving alert to drivers in traffic conditions, tolls and optimum routes, as well as driver assistance systems to control speed, stability and even air brake system requirement are factor’s to boost the demand for Air Brake System market. The high cost and increasing stopping distance of air brakes over hydraulics brakes will act as a restraint to the market.

In terms of region, Asia pacific is expected to hold the largest share in the market during the forecast period. The global economy is continuing its gradual recovery from the financial crisis, with the latest data pointing to a broad-based pickup. However, longer term Asia is seen maintaining its position as the fastest-growing region, with China and India leading the charge. Environmental concerns, safety features, and Internet connection are increasing rapidly in this region. Population with enormous projected growth has important implications in terms of economic development. Needs and preferences of truck owners and operators and evolving business environment. China, India and Japan are leading market player in Asia pacific.

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The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis. Scope of the Report for Air Brake System Market

Global Air Brake System Market, by Vehicle

Rigid Body Heavy-Duty Semi-Trailer Bus

Global Air Brake System Market, by Type

Disc Drum

Global Air Brake System Market, by Technology

ABS – (Anti-lock Braking System) TCS – (Traction Control System) ESC – (Electronic Stability Program or Electronic Stability Control) EBD – (Electronic Brake force distribution) Global Air Brake System Market, by Rolling Stock & Locomotive Air EP - (Electro-Pneumatic) ECP - (Electronically controlled pneumatic) Others

Global Air Brake System Market, by Region

North America Europe Asia Pacific Middle East & Africa South America

Key Players Operating in Air Brake System Market

SORL Auto Parts, Inc. ZF TRW Automotive Holdings Corporation Wabco Meritor Continental AG Aisin Seiki Co. Ltd. Akebono Brake Industry Co. Ltd. Haldex AB Knorr-Bremse AG Nissin Kogyo Co. Ltd. Mando Corporation Brembo S.P.A. Federal-Mogul Holdings Corporation3 YUMAK Air Brake Systems Airmaster Brake Systems Brakes India Limited

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[silverbible]

Ford, Tesla, GM: Analysts Rank the Top Automakers

As automaker stocks recover in September, the equity market has improved as well. The market is hoping that the upcoming US-China trade talks can ease the tension between the countries. Tesla (TSLA), Ford (F), and General Motors’ (GM) stocks have risen 9.5%, 2.7%, and 6.4%, respectively, since September 1. Let’s see how analysts view these top auto stocks.

General Motors has the highest number of “buy” ratings, as analysts also expect the most upside for its stock. However, Ford and Tesla received mixed analyst ratings. Analysts expect Tesla stock to have the least upside potential. Let’s take a detailed look at these ratings.

Most analysts like General Motors

Nineteen Wall Street analysts cover automaker General Motors. Of these, 14 (or 74%) analysts rate GM stock as a “buy.” Another five analysts rate General Motors stock as a “hold.” The analysts’ mean price target on General Motors stock stands at $48, which implies 22% upside potential, the highest among its peers.

Analysts’ enthusiasm for GM stock is likely due to its latest performance, which shows that the company’s restructuring program is yielding results. Plus, the automaker topped its revenues and earnings estimate in the quarter. GM’s revenues of $36 billion surpassed analysts’ estimate by 0.23%. Its EPS of $1.64 beat the estimate by 14.25% in the quarter.

As part of its restructuring program, General Motors plans to optimize its capex and reduce its employee costs. General Motors expects to save about $6 billion by 2020 from its cost-saving initiative. With its restructuring exercise, the automaker aims to address the changing market conditions and the slowing demand for cars.

As a result of this program, General Motors saved about $1.1 billion in costs year-to-date, adding to its earnings. Wall Street analysts expect the company’s profits to rise 3% in 2019. Going forward, the company expects strong sales of its heavy-duty pickups in the second half of the year. Further, new launches are expected to drive the company’s growth.

Analysts divided on automaker Ford

Eighteen Wall Street analysts cover Ford. Of these, seven (or 39%) rated it a “buy,” 10 (or 56%) rated it a “hold,” and one (or 6%) rated Ford stock a “sell.” Analysts’ mean price target on Ford stock stands at $11, which implies an upside potential of 14%.

Analysts are divided on Ford stock as they await the results of its ongoing restructuring exercise. Ford is currently in a transition phase as it restructures its North American product portfolio and South American business structure.

Plus, the automaker is solidifying its base in Europe and China. The company announced its $11 billion restructuring program last year, which it expects to last for three to five years.

Ford’s focus

Ford plans to focus on trucks, SUVs, and performance vehicles (including hybrid and electric vehicles). In North America, the automaker had three new launches in the second quarter—the all-new Explorer, Police Interceptor Utility, and Lincoln Aviator.

So, Ford plans to tap its fast-growing and profitable market segments. In 2019 and 2020, the company expects numerous new launches globally, depending on market conditions and estimated profitability. In North America, Ford plans to replace 75% of its product portfolio by 2020. The automaker expects this change to improve its market share, volumes, and returns in North America.

Notably, Ford’s restructured product portfolio should start contributing to its earnings by 2020. Wall Street analysts expect Ford’s earnings to grow 8% in 2020. However, analysts expect Ford’s earnings to fall 1% this year. It’s no surprise that amid these mixed expectations, the analyst community seems to be divided on the stock.

Analysts hold mixed opinions of Tesla

Thirty-one Wall Street analysts cover Tesla stock. Of these, 10 (or 32%) analysts rate TSLA stock as a “buy.” Another nine analysts (or 29%) rate Tesla stock as a “hold,” and the remaining 12 analysts (or 39%) rate it as a “sell.” Further, analysts’ mean price target on TSLA stands at $253, which implies 2% upside potential, the lowest among its peers.

Although Tesla is currently posting losses, it expects to reverse this trend soon. Wall Street analysts expect Tesla to post EPS of -$3.50 in 2019 and improve to EPS of $3.90 in 2020. So, next year seems to be a transformation year for the automaker.

Tesla plans to deliver 360,000–400,000 vehicles each year. In the second quarter, Tesla achieved 95,356 deliveries, touching a new quarterly record. However, the deliveries were more skewed toward its Model 3. The automaker completed 77,634 Model 3 deliveries and 17,722 Model S/X deliveries. Despite these record deliveries, Tesla posted a larger-than-expected loss primarily due to restructuring expenses.

What’s ahead for Tesla?

Tesla’s silver lining was that it posted a $5 billion cash balance for the quarter, a record level. Further, the company is set to make a profit in the next year with its new product mix, including the production of the Model 3 car in China and the Model Y vehicle in Fremont, California.

Tesla is growing rapidly by increasing its manufacturing footprint and preparing for new launches. The company believes that local production can add cost efficiency and higher productivity to its operations.

Tesla plans to start local production of its Model 3 in China by the end of the year, and its Model Y production in Fremont could begin by the fall of 2020. The company also plans to finalize the location for its European factory.

Tesla is investing heavily in its research and development for autonomous vehicles. The company plans to launch a fleet of robotaxis by 2020, subject to regulatory approval. To learn more, please read Autonomous Cars: Ford and Tesla Have Big Plans.

from Ford, Tesla, GM: Analysts Rank the Top Automakers

[captainvileshmodiworld-blog]

Global Forklift Trucks Market 2019 | Manufacturers In-Depth Analysis Report to 2024

The latest trending report Global Forklift Trucks Market 2019-2024 added by DecisionDatabases.com

Forklift truck, also known as fork truck, lift truck, or forklift, are motorized vehicles primarily used for independent lifting, movement, and placement of discrete loads throughout a facility. They form an essential part of the supply chain market. These mobile loading trucks can be outfitted with forks for pallet-based unit load picking and for loads that are not palletized. These vehicles can be used with a variety of attachments such as platforms, grippers, or clamps. The growth of customer segments and rising demand for fuel-efficient vehicles is bringing a radical change to the global forklift truck market.

The worldwide market for Forklift Trucks is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019.

This report focuses on the Forklift Trucks in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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Market Segment by Manufacturers, this report covers

·          Toyota

·          Kion

·          Jungheinrich

·          Hyster-Yale

·          Crown

·          Mitsubishi Nichiyu

·          UniCarriers

·          Anhui Heli

·          Hangcha

·          Komatsu

·          Clark

·          Doosan

·          Hyundai

·          EP

·          Lonking

·          Combilift

·          Tailift Group

·          Hubtex

·          Hytsu Group

·          Godrej & Boyce

·          Paletrans

Market Segment by Regions, regional analysis covers

·          North America (United States, Canada and Mexico)

·          Europe (Germany, France, UK, Russia and Italy)

·          Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

·          South America (Brazil, Argentina, Colombia etc.)

·          Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

·          Electric Motor Rider Trucks

·          Electric Motor Narrow Aisle Trucks

·          Electric Motor Hand or Hand-Rider Trucks

·          Internal Combustion Engine Trucks – Cushion Tires

·          Internal Combustion Engine Trucks – Pneumatic Tires

·          Electric and Internal Combustion Engine Tractors

·          Rough Terrain Forklift Trucks

Market Segment by Applications, can be divided into

·          Factories

·          Warehouses

·          Stations

·          Ports

·          Airports

·          Distribution centers

·          Others

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The content of the study subjects, includes a total of 15 chapters: Chapter 1, to describe Forklift Trucks product scope, market overview, market opportunities, market driving force and market risks. Chapter 2, to profile the top manufacturers of Forklift Trucks, with price, sales, revenue and global market share of Forklift Trucks in 2017 and 2018. Chapter 3, the Forklift Trucks competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast. Chapter 4, the Forklift Trucks breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019. Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019. Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019. Chapter 12, Forklift Trucks market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024. Chapter 13, 14 and 15, to describe Forklift Trucks sales channel, distributors, customers, research findings and conclusion, appendix and data source.

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Other Reports by DecisionDatabases.com:

Global Axle & Shaft for Pickup and Trucks Market by Manufacturers, Regions, Type and Application, Forecast to 2023 @ https://www.decisiondatabases.com/ip/13098-axle-shaft-for-pickup-and-trucks-industry-market-report

Global Industrial Trucks Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023 @ https://www.decisiondatabases.com/ip/34087-industrial-trucks-market-analysis-report

Global Yard Trucks Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 @ https://www.decisiondatabases.com/ip/39967-yard-trucks-industry-analysis-report

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[theconservativebrief]

Though it may seem like several dozen scandals ago, the Trump administration is just now finalizing plans to freeze national fuel-economy standards in place, rather than steadily increasing them as Obama planned.

This is a terrible idea, for reasons I have detailed at length — it will cost consumers more, ensure more air and climate pollution, and, obviously, yield less fuel-efficient vehicles. It’s a bad idea economically, environmentally, and in terms of America’s international reputation.

I’m not going to go through all that again, though. Instead, in this short post, I want to do two things: point out a fact about the political calculations of this plan, namely, that it is opposed by the very corporate entities for which it was designed; and, second, make a bold prediction about the effect of electric vehicles on this fuel-economy debate. Basically, I think EVs are going to render the whole dispute moot!

First, the fact.

Soon to be everywhere. Shutterstock

Car companies have acted with grotesque dishonesty throughout the history of the fuel-economy debate. It was only when Obama bailed them out — literally saving them from bankruptcy — that they agreed to come to the table to work out increased national standards.

When Trump took over, they immediately reversed course and, like jackals, descended on the new administration, pleading for regulatory relief, for a few more years of SUV profits.

And as in so many other areas, Trump gave business what they wanted. More than what they wanted. So much of what they wanted that they don’t want it anymore! Let me explain.

The administration has been holding public hearings on its proposal, and not surprisingly, it has received a torrent of opposition from the usual suspects — environmentalists, health groups, California. What is somewhat surprising is that considerable opposition has come from the auto companies themselves.

Ford has opposed it, along with the United Auto Workers. “Let me be clear,” said Bob Holycross, Ford’s global director of Sustainability & Vehicle Environmental Matters. “We do not support standing still.” GM and Chrysler have also lobbied the administration to alter its plans.

The Alliance of Automobile Manufacturers, a major automaker trade group, has also opposed the plan. “We support standards that increase year over year,” said AAM CEO Mitch Bainwol at a hearing.

“The industry is united in its request that the agencies work out an agreement with California” for a single, rising national standard, Honda said in recent comments.

As for Trump’s plan? “We didn’t ask for that,” Robert Bienenfeld, Honda’s assistant vice president in charge of environment and energy strategy, told the New York Times. “The position we outlined was sensible.”

Oops.

So why are automakers nervous and pushing back? Several reasons.

This is what sells. Bill Pugliano/Getty Images

First, they had hoped for a subtle weakening of standards, mostly outside public view. Instead, the Trump administration is loudly and brashly nuking standards entirely, doing everything it can to brand itself a corporate-friendly environmental villain (with help from its environmental opposition, of course). Automakers don’t want to be seen as environmental villains! Unlike Trump, they don’t want to alienate the 70 percent of Americans who aren’t hardcore conservatives. (Something about “lying down with dogs” seems apropos here.)

They also don’t want to wait for years while the federal government and California battle it out in the courts over whether the feds will be able to revoke the state’s waiver under the Clean Air Act, which allows it (and 12 other states that follow it) to set its own air quality standards, including for vehicles.

Given that California is likely to win that legal fight (though with Brett Kavanaugh on the Supreme Court, one never knows), the industry really, really doesn’t want to make two sets of cars — one for low-standard states and one for California and its high-standard brethren, which represent over half the national market.

And finally, there’s one other reason, which brings us to the latest remarkable development, and my prediction.

The development: General Motors, the largest US automaker, has proposed a national Zero Emission Vehicle (ZEV) mandate, similar to the one operating in California.

Whaaat?

This is one of those developments in the energy world that sounds almost reasonable now, based on incremental shifts taking place over the last several years, but if you’d told anyone a decade ago that it would happen, you’d be dismissed as a lunatic. I mean, do you remember the semi-famous 2006 documentary Who Killed the Electric Car? GM was the villain in that movie — they killed it!

Now GM is proposing, as Green Car Congress describes it, “the establishment of annual requirements that electric vehicles and plug-ins make up 7 percent of the market in 2021 and increase 2 percent each year, to eventual targets of 15 percent by 2025 and 25 percent by 2030.”

In and of itself, that’s not a hugely ambitious target. Depending on who you believe, EVs could well be 30 to 40 percent of new vehicle sales in the US by then, with or without a mandate. Here, via Jeffrey Rissman of Energy Innovation, are projections by Bloomberg New Energy Finance (BNEF), Energy Innovation’s Energy Policy Simulator (EPS), and the Energy Information Administration (EIA).

Energy Innovation

Putting aside EIA’s ludicrously pessimistic prediction (it has a long history of lowballing clean energy tech projections), you can see that analysts are incredibly bullish — and getting more bullish every year — about EV growth. In some cities, talk has already turned to banning internal combustion engine vehicles entirely.

Still, the fact that GM is proposing an EV mandate at all is a big deal.

Among other things, it reveals the automakers’ final fear about Trump’s plan. If it passes, they will have no short-term incentive to innovate or improve the environmental performance of gas cars. Instead, there will be intense pressure from shareholders to make more of the SUVs and trucks that represent the lion’s share of their profit. (Ford is ditching cars almost entirely.)

Which is fine, for a while. But automakers know that an EV revolution is coming. If they don’t get ahead of it — if they screw around with fancier pickup trucks for the next 5 to 10 years — they will be caught flat-footed, scooped by rivals like Tesla and their European counterparts. (Volvo is ditching gas engines almost entirely.)

They do not want to be caught flat-footed. They want to be forced to innovate; only performance standards can do that.

GM is effectively saying: Never mind fuel economy standards. Force us to make EVs.

And that brings us, at last, to my prediction.

Federal CAFE (corporate average fuel economy) standards are worth fighting for as a short-term measure, but they are never going to get us where we need to go, i.e., to zero carbon. It is a flawed program in many ways (the Atlantic’s Robinson Meyer has an accounting in this great piece), and even when it’s working as intended, it is a torturously slow, stop-and-start accretion of incremental gains, each one the result of a vicious battle. At this rate, it will take us forever.

The only way to fully decarbonize personal transportation is a) to drive less and b) to shift entirely to electric vehicles, hooked up to a zero-carbon grid.

The future, basically. Shutterstock

Especially in states like California (and my home state of Washington), with ambitious carbon-reduction goals and low-carbon electricity grids, there is no way around it: decarbonization means tackling cars.

The logic behind EVs is inexorable. It’s why BNEF keeps revising its already optimistic forecasts for EVs upward every year. It’s why electric alternatives are popping up from long-haul trucks to city buses to scooters. It’s why cities all over the world are taking steps to reduce or eliminate cars from public spaces. It’s why China, India, France, and Britain have all discussed plans to ban diesel and gasoline cars entirely, and at least eight other countries have EV targets in place.

The Koch brothers and the groups they fund are fighting EV programs and incentives at the state level (even fighting against electric buses) and lobbying to repeal the existing federal EV tax credit. And of course they support Trump’s plan on fuel economy. They will fight the decline of fossil fuels in the transportation sector every step of the way.

Nonetheless, I think they will lose. I’m betting on the distributed innovation that is currently improving EVs and batteries at a rapid clip, and on the learning that will come from economies of scale soon.

My prediction is that EVs will come on so strong that they will lower transportation-sector carbon emissions faster than CAFE standards ever could have. It’s not that CAFE standards aren’t worth fighting for as a backstop, but in my view, acceleration of EVs is the climate priority. (Actually, revise that: reducing dependence on cars is the climate priority; electrifying vehicles is priority No. 2.)

Just as I lived to see, much earlier than I ever expected, the costs of new renewable energy decline to the point that they are frequently lower than the costs of running existing fossil fuel plants, so too I think I will live to see the costs of a new EV decline below the existing maintenance and operational costs of a gasoline or diesel vehicle — especially as oil prices rise and new regulations and mandates come into place across the world. China alone will guarantee it.

When that happens, we will wonder what the fuss over CAFE was all about.

That’s my prediction, and I’m sticking to it.

Original Source -> Electric vehicles are going to render the fight over fuel economy standards moot

via The Conservative Brief

[atomicdinosaurdonut]

Automotive Alloy Wheel Industry 2020 | Projection, Solutions, Services Forecast to 2023

Global Automotive Alloy Wheel Industry Research Report: By Finishing Type (Polished Alloy Wheel, Two-toned Alloy Wheel, and Others), Wheel Type (Compact-Size, Mid-Size, and Full-Size), Vehicle Type (Passenger Car and Commercial Vehicle), and Region (Europe, North America, Asia-Pacific, and Rest of the World)– Forecast till 2025

Market Synopsis:

Alloy wheels for automotive are made from different types of materials such as aluminum, nickel, or a magnesium material. The casting and forging method is used for manufacturing alloy wheels. On the other hand, forged wheels are lighter and stronger, but also cost more than cast alloy wheels. Alloy wheels provide greater strength, better heat conduction, and cosmetic appearance as compared to steel wheels. Hence, consumers prefer alloy wheels for external styling of vehicles and good riding quality.

The survey conducted by Market Research Future (MRFR) has suggested that the global Automotive Alloy Wheel Industry is likely to register a 5% CAGR during the forecast period. Factors attributing to the ascension of the global Automotive Alloy Wheel Industry include the snowballing demand for vehicles in Europe as well as Asia Pacific and the mounting growth of the automotive industry. Further, a rise in the vehicle customization and upscaling disposable income is likely to accelerate the growth of the global Automotive Alloy Wheel Industry

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Market Segmentation

The global Automotive Alloy Wheel Industry is segmented by finishing type, wheel type, vehicle type, sales channel, and region. Based on finishing type, the global Automotive Alloy Wheel Industry is segmented into polished alloy wheel and two-toned alloy wheel. The two toned alloy wheel segment is estimated to upscale at a fast pace over the forecast period. This can be owed to the growing demand for SUVs.

Based on wheel type, the global Automotive Alloy Wheel Industry is segmented into compact size, mid size, and full size. The compact-size segment is likely to project growth at a substantial rate over the forecast period due to a mounting demand for lightweight wheels which are stronger.

Based on vehicle type, the global Automotive Alloy Wheel Industry is segmented into passenger cars and commercial vehicles. The passenger car segment is likely to account for a  dominant share of the market owing to the growing demand for the same in both, developing as well as developed countries.

Based on sales channel, the global Automotive Alloy Wheel Industry is segmented into OEM and aftermarket. The OEM segment is projected to be the dictator of the Automotive Alloy Wheel Industry over the assessment period. This can be owed to the presence of various OEMs in the developed regions, and the presence of a larger consumer base in these regions. Furthermore, OEMs are more inclined towards the expansion of automotive wheel manufacturing facilities in developing nations such as China, India, Mexico, and Brazil.

Browse Report @ https://www.marketresearchfuture.com/reports/automotive-alloy-wheel-market-3931

Detailed Regional Analysis

The global Automotive Alloy Wheel Industry is segmented into the regions of North America, South America, Asia Pacific, Europe, and the Middle East & Africa. Asia Pacific is estimated to hold the most prominent share of the global Automotive Alloy Wheel Industry during the assessment period. This can be accredited to the growing production and sales of passenger cars and commercial vehicles, especially in the developing nations such as China, Japan, Thailand, and Indonesia. North America and Europe are likely to undertake second largest and third largest shares of the global Automotive Alloy Wheel Industry over the forecast period. Growth in North America is attributed to the increased preference for external styling and customization of wheels. Further, upscaling use of alloy wheels in vans, pickup trucks, and utility vehicles from the US and Canada is also fostering the growth of the regional Automotive Alloy Wheel Industry Industry.

Key Players

Some prominent players in the global Automotive Alloy Wheel Industry include Euromax Wheel (US), MHT Luxury Wheels (US), Status Wheels, Inc. (US), Wheel Pros, LLC (US), Fuel Off-Road Wheels (US), SOTA Offroad (US), Enkei Wheels India Ltd (India), Ronal AG (Switzerland), Uniwheels (Switzerland), and BBS Kraftfahrzeugtechnik AG (Germany).

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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[atomicdinosaurdonut]

Automotive Roof Racks Industry | Development, Demand, Growth Analysis, Key Findings and Forecast-2023

Global Automotive Roof Racks Industry Information Report by Material (Aluminum Alloy, Composite Plastic and Others), By Type (Roof Mount, Raised Rail, Gutter and others), By Application (Commercial Vehicles and Passenger Cars), and by Region - Global Forecast to 2023

Market Synopsis:

The automotive roof rack is a roof carrier that is used to carry heavy object for transportation so that it can reduce the boot space for the occupant. There are various types of roof racks that are attached to the roof of the car depending on the need of the consumer. The market is driven by various factors such as growth in tourism sector, increase in production of vehicles, and limited boot space in cars. The roof rack has various constraints that hinder the market such as fluctuation in raw material prices and increase in weight of the vehicle. Tourism has experienced a continuous growth and extending its diversification to become one of the fastest growing economic sector in the world. Modern tourism is closely linked to development and covers growing number of new destinations. These dynamics have turned tourism into a key driver for the growth of automotive industry. The expanding transport projects in emerging nations are expected to reveal greater logistics opportunities and increase the demand for commercial and passenger vehicles in the Asia-Pacific, significantly over the Forecasted period. The automotive roof rack market is completely dependent on the automotive industry. Thus the increasing or decreasing demand of the automotive industry directly has an impact on the market. The total vehicle production for the year 2015 was almost 90 million units and is expected to witness further boost and reach more than 100 million units by the year 2023.

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Industry/ Innovation/ Related News: The key strategies followed by most companies within the global automotive roof rack market are that of new product development. On 10th August 2017, Rhino-Rack had launched pioneer platform front & side rails product design to allow flexibility of installation of the product. The company also works with the car manufacturers so as to adopt the latest trends in vehicles. The products that the company manufactures undergo various test that meet the Australian standard so that it is strongly committed to the protection of environment. In September 2017, the company has innovated and upgraded its spring 2018 bike so as to meet wide range of the consumer. On 28 December, 2009, Yakima Products Inc. merged with Kemflo International LTD to achieve organic growth. It also believes in investing into product development to extend its product line. Moreover, the company is focusing on strengthening partnerships with retailers to reach consumers in a more fulfilling manner. In 2017, Cruzber S.A had launched different products such as Cruz Evo Rack roof rack, Cruz Kit Optiplus Fix, and Cruz Airo Dark roof rack to diversify the product portfolio. The company has diversified in more than 30 countries such as Russia, Croatia, South Africa, Costa Rica and Morocco and other countries of Central America and Europe. The company is trying to expand its footprint in emerging markets, improving industry structure in developed markets, adding new technologies to capture additional value, and accelerating growth in regions. This will allow the roof rack market to grow in this regions. Key Players: Thule Group (Sweden), Magna International, Inc.(Ontario), VDL Hapro bv (Netherlands), MINTH Group Limited(China), Cruzber S.A (Spain), Atera GmbH (Germany), Rhino-Rack (U.S.), BOSAL (Belgium), JAC Products (U.S.) and Yakima Products Inc. ( U.S.) and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Roof Racks Industry. Automotive Roof Racks Industry – Segmentation The Global Automotive Roof Racks Industry is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding; Segmentation by Type : Comprises rail raised, gutter, roof mount, and others Segmentation by Material : Comprises aluminium alloy, composite plastic, and others. Segmentation by Application : Comprises commercial vehicles and passenger cars Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World. Automotive Roof Racks Industry: Regional Analysis In North America, automobile manufacturer will continue to see an increase in the sales of the passenger cars. The increase in demand of the new vehicles will enable the growth of the auto components suppliers. The automotive manufacturers have shifted their preference from small cars to higher-value pickups and SUVs. This will enable more installation of roof racks on SUVs and pickup vans for transportation. The auto market in U.S. has been powered by the low interest rate and low fuel price which has allowed the market to grow during the forecast period. The buying condition will remain positive due to the low interest rate and will boost the sales of the new vehicle. This increase in sale of new vehicle will led to the growth of roof racks market. China is one of the major automotive market in Asia. The automotive industry continues to grow in China due to increased production of passenger and commercial vehicles. FDI is one of the major factor for the growth of automotive industry in China. The automaker in China are developing new and trade friendly policies that enable them to produce larger number of vehicles. The increase in the production of vehicle will led to the growth of roof rack market.

Browse Full Report @ https://www.marketresearchfuture.com/reports/automotive-roof-racks-market-3821

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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[theconservativebrief]

Though it may seem like several dozen scandals ago, the Trump administration is just now finalizing plans to freeze national fuel-economy standards in place, rather than steadily increasing them as Obama planned.

This is a terrible idea, for reasons I have detailed at length — it will cost consumers more, ensure more air and climate pollution, and, obviously, yield less fuel-efficient vehicles. It’s a bad idea economically, environmentally, and in terms of America’s international reputation.

I’m not going to go through all that again, though. Instead, in this short post, I want to do two things: point out a fact about the political calculations of this plan, namely, that it is opposed by the very corporate entities for which it was designed; and, second, make a bold and possibly unwise prediction about the effect of electric vehicles on this fuel-economy debate. Basically, I think EVs are going to render the whole dispute moot!

First, the fact.

Soon to be everywhere. Shutterstock

Car companies have acted with grotesque dishonesty throughout the history of the fuel-economy debate. It was only when Obama bailed them out — literally saving them from bankruptcy — that they agreed to come to the table to work out increased national standards.

When Trump took over, they immediately reversed course and, like jackals, descended on the new administration, pleading for regulatory relief, for a few more years of SUV profits.

And as in so many other areas, Trump gave business what they wanted. More than what they wanted. So much of what they wanted that they don’t want it anymore! Let me explain.

The administration has been holding public hearings on its proposal, and not surprisingly, it has received a torrent of opposition from the usual suspects — environmentalists, health groups, California. What is somewhat surprising is that considerable opposition has come from the auto companies themselves.

Ford has opposed it, along with the United Auto Workers. “Let me be clear,” said Bob Holycross, Ford’s global director of Sustainability & Vehicle Environmental Matters. “We do not support standing still.” GM and Chrysler have also lobbied the administration to alter its plans.

The Alliance of Automobile Manufacturers, a major automaker trade group, has also opposed the plan. “We support standards that increase year over year,” said AAM CEO Mitch Bainwol at a hearing.

“The industry is united in its request that the agencies work out an agreement with California” for a single, rising national standard, Honda said in recent comments.

As for Trump’s plan? “We didn’t ask for that,” Robert Bienenfeld, Honda’s assistant vice president in charge of environment and energy strategy, told the New York Times. “The position we outlined was sensible.”

Oops.

So why are automakers nervous and pushing back? Several reasons.

This is what sells. Bill Pugliano/Getty Images

First, they had hoped for a subtle weakening of standards, mostly outside public view. Instead, the Trump administration is loudly and brashly nuking standards entirely, doing everything it can to brand itself a corporate-friendly environmental villain (with help from its environmental opposition, of course). Automakers don’t want to be seen as environmental villains! Unlike Trump, they don’t want to alienate the 70 percent of Americans who aren’t hardcore conservatives. (Something about “lying down with dogs” seems apropos here.)

They also don’t want to wait for years while the federal government and California battle it out in the courts over whether the feds will be able to revoke the state’s waiver under the Clean Air Act, which allows it (and 12 other states that follow it) to set its own air quality standards, including for vehicles.

Given that California is likely to win that legal fight (though with Brett Kavanaugh on the Supreme Court, one never knows), the industry really, really doesn’t want to make two sets of cars — one for low-standard states and one for California and its high-standard brethren, which represent over half the national market.

And finally, there’s one other reason, which brings us to the latest remarkable development, and my prediction.

The development: General Motors, the largest US automaker, has proposed a national Zero Emission Vehicle (ZEV) mandate, similar to the one operating in California.

Whaaat?

This is one of those developments in the energy world that sounds almost reasonable now, based on incremental shifts taking place over the last several years, but if you’d told anyone a decade ago that it would happen, you’d be dismissed as a lunatic. I mean, do you remember the semi-famous 2006 documentary Who Killed the Electric Car? GM was the villain in that movie — they killed it!

Now GM is proposing, as Green Car Congress describes it, “the establishment of annual requirements that electric vehicles and plug-ins make up 7 percent of the market in 2021 and increase 2 percent each year, to eventual targets of 15 percent by 2025 and 25 percent by 2030.”

In and of itself, that’s not a hugely ambitious target. Depending on who you believe, EVs could well be 30 to 40 percent of new vehicle sales in the US by then, with or without a mandate. Here, via Jeffrey Rissman of Energy Innovation, are projections by Bloomberg New Energy Finance (BNEF), Energy Innovation’s Energy Policy Simulator (EPS), and the Energy Information Administration (EIA).

Energy Innovation

Putting aside EIA’s ludicrously pessimistic prediction (it has a long history of lowballing clean energy tech projections), you can see that analysts are incredibly bullish — and getting more bullish every year — about EV growth. In some cities, talk has already turned to banning internal combustion engine vehicles entirely.

Still, the fact that GM is proposing an EV mandate at all is a big deal.

Among other things, it reveals the automakers’ final fear about Trump’s plan. If it passes, they will have no short-term incentive to innovate or improve the environmental performance of gas cars. Instead, there will be intense pressure from shareholders to make more of the SUVs and trucks that represent the lion’s share of their profit. (Ford is ditching cars almost entirely.)

Which is fine, for a while. But automakers know that an EV revolution is coming. If they don’t get ahead of it — if they screw around with fancier pickup trucks for the next 5 to 10 years — they will be caught flat-footed, scooped by rivals like Tesla and their European counterparts. (Volvo is ditching gas engines almost entirely.)

They do not want to be caught flat-footed. They want to be forced to innovate; only performance standards can do that.

GM is effectively saying: Never mind fuel economy standards. Force us to make EVs.

And that brings us, at last, to my prediction.

Federal CAFE (corporate average fuel economy) standards are worth fighting for as a short-term measure, but they are never going to get us where we need to go, i.e., to zero carbon. It is a flawed program in many ways (the Atlantic’s Robinson Meyer has an accounting in this great piece), and even when it’s working as intended, it is a torturously slow, stop-and-start accretion of incremental gains, each one the result of a vicious battle. At this rate, it will take us forever.

The only way to fully decarbonize personal transportation is a) to drive less and b) to shift entirely to electric vehicles, hooked up to a zero-carbon grid.

The future, basically. Shutterstock

Especially in states like California (and my home state of Washington), with ambitious carbon-reduction goals and low-carbon electricity grids, there is no way around it: decarbonization means tackling cars.

The logic behind EVs is inexorable. It’s why BNEF keeps revising its already optimistic forecasts for EVs upward every year. It’s why electric alternatives are popping up from long-haul trucks to city buses to scooters. It’s why cities all over the world are taking steps to reduce or eliminate cars from public spaces. It’s why China, India, France, and Britain have all discussed plans to ban diesel and gasoline cars entirely, and at least eight other countries have EV targets in place.

The Koch brothers and the groups they fund are fighting EV programs and incentives at the state level (even fighting against electric buses) and lobbying to repeal the existing federal EV tax credit. And of course they support Trump’s plan on fuel economy. They will fight the decline of fossil fuels in the transportation sector every step of the way.

Nonetheless, I think they will lose. I’m betting on the distributed innovation that is currently improving EVs and batteries at a rapid clip, and on the learning that will come from economies of scale soon.

My prediction is that EVs will come on so strong that they will lower transportation-sector carbon emissions faster than CAFE standards ever could have. It’s not that CAFE standards aren’t worth fighting for as a backstop, but in my view, acceleration of EVs is the climate priority. (Actually, revise that: reducing dependence on cars is the climate priority; electrifying vehicles is priority No. 2.)

Just as I lived to see, much earlier than I ever expected, the costs of new renewable energy decline to the point that they are frequently lower than the costs of running existing fossil fuel plants, so too I think I will live to see the costs of a new EV decline below the existing maintenance and operational costs of a gasoline or diesel vehicle — especially as oil prices rise and new regulations and mandates come into place across the world. China alone will guarantee it.

When that happens, we will wonder what the fuss over CAFE was all about.

That’s my prediction, and I’m sticking to it.

Original Source -> Electric vehicles are going to render the fight over fuel economy standards moot

via The Conservative Brief