#Off-Highway Vehicle Lighting Market Revenue

[global-research-report]

All-Terrain Vehicle Market Dynamics: Growth Trends, Key Insights & Forecast 2023 to 2030

The global all-terrain vehicle market size is expected to reach USD 6.01 billion by 2030, registering a CAGR of 3.8% from 2023 to 2030, as per a new report by Grand View Research, Inc. The development of off-road terrains, trails, and recreational parks is projected to boost the demand for All-terrain Vehicles (ATVs) by 2030. Moreover, governments’ initiatives to enhance tourism and recreational activities have supported the sales of ATVs. For instance, the Travel Management & Off-Highway Vehicle (OHV) Program announced by the U.S. Forest Service aims to increase the awareness and popularity of trails in North America.

Factors such as the growing popularity of off-road racing events and increased advertising have fueled the demand for ATVs across the globe. For instance, in January 2019, the Desert Series Pro ATV tournament involved ATV enthusiasts and many off-road vehicles which contributed to the adoption of ATVs. Additionally, growth in investments from sponsors is anticipated to boost the growth of the market by 2030.

Gather more insights about the market drivers, restrains and growth of the All-Terrain Vehicle Market

Over the past few years, economic growth in developing economies, such as India and China, has resulted in higher disposable incomes and purchasing power of individuals, creating more spending capacity. This, in turn, supports the travel and tourism industry. As per the data published by the World Travel and Tourism Council (WTTC), the global tourism sector grew by 3.9% in 2018. The development of the tourism sector has led to a significant increase in recreational activities, thereby driving the demand for ATVs.

North America dominated the ATV market in 2022. This can be attributed to the presence of vast and diverse landscapes in North America, including mountain ranges and dense forests. ATV manufacturers focus on developing innovative and safer equipment that can meet the diverse needs of end users who want to explore tough terrains. Additionally, the increasing production and sales of ATVs in North America are expected to contribute to the growth of the market. The presence of various market players, including Polaris Inc., Textron Inc., and BRP, among others, is likely to further contribute to the growth

Browse through Grand View Research's Automotive & Transportation Industry Research Reports.

The global light duty vehicles market size was valued at USD 849.57 billion in 2024 and is projected to grow at a CAGR of 8.6% from 2025 to 2030.

The global cognitive supply chain market size was estimated at USD 8,579.7 million in 2024 and is projected to grow at a CAGR of 17.6% from 2025 to 2030.

All-terrain Vehicle Market Segmentation

Grand View Research has segmented the global all-terrain vehicle market report based on engine type, application, and region

All-terrain Vehicle (ATV) Engine Type Outlook (Revenue, USD Million, 2018 - 2030)

Below 400cc

400 - 800cc

Above 800cc

All-terrain Vehicle (ATV) Application Outlook (Revenue, USD Million, 2018 - 2030)

Agriculture

Sports

Recreational

Military and Defense

All-terrain Vehicle (ATV) Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Europe

UK

Germany

France

Asia Pacific

China

Japan

India

Australia

South Korea

Latin America

Brazil

Mexico

Middle East and Africa

Saudi Arabia

South Africa

UAE

Key Companies profiled:

Polaris Inc.

American Honda Motor Co., Inc.

BRP

Yamaha Motor Corporation, USA.

com

CFMOTO

Kawasaki Motors Corp., U.S.A.

KYMCO

LINHAI POWERSPORTS USA CORPORATION

Suzuki Motor of America, Inc.

Recent Developments

In March 2023, Polaris Inc. unveiled the RZR Pro R Factory, a specialized UT (Utility Terrain) vehicle specifically designed for competitive racing. This purpose-built vehicle has undergone meticulous engineering to deliver exceptional performance in demanding conditions encountered in open desert racing. With the introduction of the RZR Pro R Factory, Polaris Inc. aimed to provide racers with a high-performance vehicle that is optimized for the challenges and rigors of intense off-road racing competitions.

In January 2022, John Deere introduced two additions to their utility vehicle lineup: the XUV835R Gator Utility Vehicle and the XUV865R Gator Utility Vehicle. With these new models, John Deere aimed to provide customers an enhanced capabilities and a premium experience, ensuring that their utility vehicle needs are met with the utmost satisfaction.

In September 2021, Yamaha introduced the Grizzly 90, a specially designed sports model intended for young individuals aged ten and above. This youth-focused vehicle boasts a low-maintenance 90cc engine that incorporates air-cooling and wet-sump lubrication for optimal performance.

In June 2021, Kawasaki unveiled the BRUTE FORCE 750 4x4i, an off-road vehicle designed for thrilling outdoor adventures. Powered by a fuel-injected 749cc V-twin engine, this vehicle delivers outstanding performance on challenging terrains. It comes equipped with various features such as a front differential lock, selectable drive modes, and continuous variable transmission (CT), all contributing to improved traction and overall performance.

Order a free sample PDF of the All-Terrain Vehicle Market Intelligence Study, published by Grand View Research.

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Off-highway Vehicle Market Forecasted to Achieve US$ 1,297.2 Billion Valuation by 2031, Reports Transparency Market Research

The global Off-highway Vehicle market is estimated to attain a valuation of US$ 1,297.2 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 5.11% during the forecast period, 2023-2031.

The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the Off-highway Vehicle industry. The current and historical status of the market together with forecasted market size and trends are demonstrated in the assessment in simple manner. In addition, the report delivers data on the volume, share, revenue, production, and sales in the market.

Request for a sample of this research report at (Use Corporate Mail Id for Quick Response) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=43742

The report by TMR is the end-product of a study performed using different methodologies including the PESTEL, PORTER, and SWOT analysis. The study with the help of these models shed light on the key financial considerations that players in the Off-highway Vehicle market need to focus on identifying competition and formulate their marketing strategies for both consumer and industrial markets. The report leverages a wide spectrum of research methods including surveys, interviews, and social media listening to analyze consumer behaviors in its entirety.

Off-highway Vehicle Market: Industry Trends and Value Chain

The study on the Off-highway Vehicle market presents a granular assessment of the macroeconomic and microeconomic factors that have shaped the industry dynamics. An in-depth focus on industry value chain help companies find out effective and pertinent trends that define customer value creation in the market. The analysis presents a data-driven and industry-validated frameworks for understanding the role of government regulations and financial and monetary policies. The analysts offer a deep-dive into the how these factors will shape the value delivery network for companies and firms operating in the market.

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Off-highway Vehicle Market: Branding Strategies and Competitive Strategies

Some of the key questions scrutinized in the study are:

What are some of the recent brand building activities of key players undertaken to create customer value in the Off-highway Vehicle market?

Which companies are expanding litany of products with the aim to diversify product portfolio?

Which companies have drifted away from their core competencies and how have those impacted the strategic landscape of the Off-highway Vehicle market?

Which companies have expanded their horizons by engaging in long-term societal considerations?

Which firms have bucked the pandemic trend and what frameworks they adopted to stay resilient?

What are the marketing programs for some of the recent product launches?

The list of key players operating in the Off-highway Vehicle market includes following names:

AB Volvo, AGCO Corporation, Caterpillar, Inc., CRRC Corporation Limited, Cummins, Inc., Daimler AG, Deere & Company, Deutz AG, Doosan Corporation, Epiroc AB, Hitachi Construction Machinery Co. Ltd., Husqvarna, J. C. Bamford Excavators Ltd., Komatsu Ltd., Kubota Corp., Liebherr, Mahindra & Mahindra Limited, Massey Ferguson Ltd., Sandvik AB, Sany Heavy Industries, Scania AB, Weichai Power Co. Ltd., and Yanmar Co. Ltd. are the prominent players in the market.

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Off-highway Vehicle Market: Assessment of Avenues and Revenue Potential in Key Geographies

Some of the key aspects that the study analyzes and sheds light are:

Which regions are witnessing rise in investments in the supply chain networks?

Which countries seems to have benefitted from recent import and export policies?

Which regions have witnessed decline in consumer demand due to economic and political upheavals?

Which are some the key geographies that are likely to emerge as lucrative markets?

Which regions are expected to lose shares due to pricing pressures?

Which regions leading players are expected to expand their footprints in the near future?

What are some the sustainability trends impacting the logistics and supply chain dynamics in the Off-highway Vehicle market?

What are some of the demographic and economic environments that create new demand in developing economies?

How are changing government regulations shaping business strategies and practices?

About Us Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact Us

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Low-Carbon Propulsion Market Competitive Landscape: 2028

Low-Carbon Propulsion Market by Fuel Type (CNG, LNG, Ethanol, Electric and Hydrogen), Mode (Rail and Road), Vehicle Type (Heavy-Duty and Light-Duty), Rail Application (Passenger and Freight), Electric Vehicle and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Market Overview

The Low-Carbon Propulsion market size is projected to reach a CAGR of 21.6% from 2022 to 2028.

The emission from the vehicles is known as the propulsion. When run on petrol or diesel the emissions from vehicle are high in carbon contents and thus act as a pollutant for the environment. On the contrary when cleaner fuels like CNG are used then the emission is low in carbon contents and thus are much cleaner and less harmful for the environment.

The recent demand for low emission vehicles along with the fluctuating fuel prices are some of the factors that have supported long-term expansion for Low-Carbon Propulsion Market.

COVID-19 had a positive effect on the market, as because the preference of people have shifted from public to private transportation.

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Regional Analysis

Europe is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the favourable governmental policies and the increased demand from the commercial sector.

Competitive Landscape

Key Players

Tesla

BYD

Nissan Motor

Yutong

Proterra

Bombardier

Siemens

Alstom

Toyota

Honda

Hyundai

Man Se

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Recent Developments

In April 2019, K12A was launched int the market by BYD.

In august 2019, Proterra Powered Vehicle electrification solutions was offered to the market by Proterra.

Reasons to Acquire

Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors

Gain authentic and granular data access for Low-Carbon Propulsion Market so as to understand the trends and the factors involved behind changing market situations

Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Purchase the Report at: https://www.delvens.com/checkout/low-carbon-propulsion-market-trends-forecast-till-2028

Report Scope

Low-Carbon Propulsion Market is segmented into fuel type, mode, vehicle type, electric vehicle, rail application and region.

On the basis of Fuel Type

Compressed Natural Gas (CNG)

Liquefied Natural Gas (LNG)

Ethanol

Hydrogen

Electric

On the basis of Mode

Rail

Road

On the basis of Vehicle Type

Heavy-Duty

Light-Duty

On the basis of Rail Application

Passenger

Freight

On the basis of Electric Vehicle

Electric Passenger Car

Electric Bus

Electric Two-Wheeler

Electric Off-Highway

On the basis of Region

Asia Pacific

North America

Europe

South America

Middle East & Africa

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Balu Forge Industries Limited has won an order to supply Powertrain Sub-assemblies

Balu Forge Industries Ltd (BFIL) is proud to announce that it has secured a significant trial order from a Middle Eastern tractor manufacturer to provide powertrain sub-assemblies. This is a remarkable achievement and demonstrates the exceptional quality of BFIL’s products and its unwavering commitment to delivering innovative solutions that cater to the evolving needs of the agricultural industry.

The contract specifies that BFIL will supply a range of powertrain sub-assemblies for engines that will be used to power different types of tractors. Initially, the trial order consists of 10,000 sets of sub-assemblies, with the potential to increase to over 50,000 per year. BFIL has already begun fulfilling the order and is looking forward to generating additional revenues in the upcoming quarters.

This order win is consistent with BFIL’s strategic objectives to expand its presence in the international market while expanding its product offerings. It also marks BFIL’s entry into powertrain sub-assembly production and supplies, establishing a solid foundation for the company to add sub-assemblies for new energy vehicles to its product range in the near future.

BFIL’s management team expressed their delight at being selected as the supplier of Powertrain sub-assemblies to the Middle Eastern tractor manufacturer. They believe that BFIL’s half engine and assemblies will meet the customer’s standards and exceed their expectations, paving the way for a long-term, mutually beneficial partnership. The order is expected to support BFIL’s long-term growth plans and generate healthy EBITDA margins.

Moreover, BFIL is committed to providing its customers with the best possible products and services. This order is a testament to the company’s unwavering efforts to achieve excellence in all aspects of its business, from product design to execution.

BFIL is devoted to innovation and growth, with a goal of serving its customers with the highest levels of quality, reliability, and customer service.

Balu Forge Industries Ltd (BFIL) has been operating since 1989 and specializes in the production of fully finished and semi-finished crankshafts and forged components. Its manufacturing capabilities allow for the production of components that comply with both new emission regulations and new energy vehicle standards.

BFIL boasts a fully integrated forging and machining production infrastructure, offering a diverse product portfolio ranging from 1 kg to 500 kg. With the ability to produce 5,000 tons of forged components per month and an annual capacity to manufacture 360,000 crankshafts, the company has established itself as a leading player in the industry.

BFIL’s global presence is further strengthened by its 80+ distribution networks, operating both domestically and in the export market. Its customers include renowned suppliers and manufacturers of light vehicles, agricultural equipment, power generation equipment, commercial vehicles, off-highway vehicles, ships, locomotives, and other industries such as defense, oil and gas, railway, marine, and more.

[neha24blog]

Off-Highway Vehicle Lighting Market Expected To Witness A Substantial Growth Of USD 1,565.3 Million By 2028: Grand View Research Inc.

Off-Highway Vehicle Lighting Market Expected To Witness A Substantial Growth Of USD 1,565.3 Million By 2028: Grand View Research Inc.

San Francisco, 28 May 2021: The Report Business Software And Services Market Size, Share & Trends Analysis Report By Software, By Service, By Deployment, By End-use, By Enterprise Size, By Region, And Segment Forecasts, 2021 – 2028 The global business software and services market size is expected to reach USD 911.77 billion by 2028, registering a CAGR of 11.3% from 2021 to 2028, according to a…

[market-insider]

Off-Highway Vehicle Lighting Market 2022 | LED Segment Is Estimated To Expand At The Highest CAGR

The global off-highway vehicle lighting market size is projected to reach USD 1.83 billion by 2030, exhibiting a CAGR of 7.5% according to a new report by Grand View Research, Inc. The growing emphasis on public infrastructure development is expected to drive the demand for off-highway vehicles, which bodes well for the industry growth over the forecast period. Moreover, continued advancements in product technologies, coupled with stringent government regulations, are also anticipated to support market growth over the forecast period.

The growing population in Asian countries, such as China and India, is driving the need for better public infrastructure. Governments in these economies are aggressively investing in infrastructure development projects. For instance, in India, the government is expected to invest USD 670.5 billion (INR 50 trillion) to improve the country's public infrastructure. The country’s government has also announced several plans for infrastructure development to be undertaken in the next few years. For example, the "Bharatmala Yojana" includes provisions for improving the road networks throughout the country. The Indonesian government has more than 20 projects lined up for the development of more than 52,000 of its rural villages by building better roads, houses, hospitals, and other necessary infrastructure. These ongoing and proposed investments in infrastructure development projects are expected to drive the demand for off-highway vehicles, which is expected to bode well for the growth of the market.

Gain deeper insights on the market and receive your free copy with TOC now @: Off-highway Vehicle Lighting Market Report

The off-highway vehicle lighting landscape is evolving continuously as manufacturers offer products based on the latest technologies to ensure enhanced safety, improved performance, and better aesthetics. At present, companies, such as Grote Industries, Truck-Lite, HELLA GmbH & Co. KGaA, and ABL Lights Group, are providing off-highway vehicle LED lights for various off-highway vehicle applications such as headlights, indicator lights, side lamps, and taillights. Simultaneously, construction equipment makers are also introducing equipments with advanced work lights to provide adequate illumination and visibility at worksites. For instance, Caterpillar, a manufacturer of heavy construction, mining, and material handling equipment, provides multiple types of work lights, including LED, halogen, high-intensity discharge (HID), and LED floodlights, on its construction equipment. These lights are also provided as an optional fitment for aftermarket installation.

The Asia Pacific regional market contributed to around 34.1% of the off-highway vehicle lighting demand in 2021 and is estimated to register at a CAGR of 6.1% over the forecast period. This growth can be attributed to the increasing adoption of off-highway equipment used in infrastructure development activities in countries such as China, India, Japan, and Taiwan. The market in the Middle East and Africa (MEA) is projected to expand at the highest CAGR over the forecast period. GCC countries, including Saudi Arabia, the UAE, Oman, and Qatar, particularly, have several multi-million-dollar infrastructure projects lined up, which is anticipated to increase the demand for construction equipment in the forthcoming years.

[credibleauomotive]

Off-Highway Vehicle Lighting Market Size 2022 by Top Key Players, Types, Applications, Regional Demand and Forecast to 2030

<div style="color: #000000; width: 90%; height: 100%; background: white; padding: 2%; font-family: Cambria, serif; font-size: 14pt; font-style: normal; margin-left: auto; margin-right: auto;"><a href="https://crediblemarkets.com/reports/off-highway-vehicle-lighting-market-31285"><img class="aligncenter wp-image-83629 " src="https://chatttennsports.com/wp-content/uploads/2022/03/116-1024x618.jpg" alt="Off-Highway Vehicle Lighting" width="612" height="369" /></a><p>Global Off-Highway Vehicle Lighting Market report emphasizes on the detailed understanding of some decisive factors such as size, share, sales, forecast trends, supply, production, demands, industry and CAGR in order to provide a comprehensive outlook of the global market. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “<strong>Off-Highway Vehicle Lighting Market</strong>��.</p><p>Global Off-Highway Vehicle Lighting Market research report analyzes top players in the key regions like North America, South America, Middle East and Africa, Asia and Pacific region. It delivers insight and expert analysis into key consumer trends and behavior in market place, In addition to an overview of the market data and key brands. It also provides all data with easily digestible information to guide every businessman’s future innovation and move business ahead.</p><p><strong><p><strong>Click the link to get a free Sample Copy of the Report @ <a style="color: red;" href="https://crediblemarkets.com/sample-request/off-highway-vehicle-lighting-market-31285?utm_source=Kaustubh&utm_medium=SatPR">https://crediblemarkets.com/sample-request/off-highway-vehicle-lighting-market-31285?utm_source=Kaustubh&utm_medium=SatPR</a></strong></p></strong></p><p><strong>Global Off-Highway Vehicle Lighting Market Segmentation Analysis:</strong></p><p>

<strong>Market segment by Type, covers</strong>

   Front Light

   Tail Light

   Others

<strong>Market segment by Application can be divided into</strong>

   Loaders

   Excavators

   Cranes

   Dump Trucks

   Others

<strong>The key market players for global Off-Highway Vehicle Lighting market are listed below:</strong>

   OSRAM

   Vision X Lighting

   Truck Lite

   Grote Industries

   PowerFleet

   PALFINGER

   Altec

   NORDIC LIGHTS

</p><p>Later, the report gives detailed analysis about the major factors fuelling the expansion of Off-Highway Vehicle Lighting Market in the coming years. Some of the major factors driving the growth of Off-Highway Vehicle Lighting Market are-</p><ul><li>Buyers</li><li>Suppliers</li><li>Investors</li><li>End User Industry</li></ul><p><strong>Off-Highway Vehicle Lighting Market, By Geography:</strong></p><p>The regional analysis of Off-Highway Vehicle Lighting market is studied for region such as Asia pacific, North America, Europe and Rest of the World. The North America is one of the leading region in the market due to numerous cross industry collaborations taking place between automotive original equipment manufacturers and mobile network operators (MNOs) are taking place for continuous internet connectivity inside a car to enhance the user experience of connected living, while driving. Asia-Pacific region is one of the prominent player in the market owing to large enterprises and SMEs in the region are increasingly adopting Off-Highway Vehicle Lighting solutions.</p><p><strong> <p><strong>Direct Purchase this Market Research Report Now @ <a style="color: red;" href="https://crediblemarkets.com/reports/purchase/off-highway-vehicle-lighting-market-31285?license_type=single_user;utm_source=Kaustubh&utm_medium=SatPR">https://crediblemarkets.com/reports/purchase/off-highway-vehicle-lighting-market-31285?license_type=single_user;utm_source=Kaustubh&utm_medium=SatPR</a></strong></p></strong></p><p><strong><u>Some Points from Table of Content</u></strong></p><p><strong>Global Off-Highway Vehicle Lighting Market 2022 by Company, Regions, Type and Application, Forecast to 2030</strong></p><p>1 Off-Highway Vehicle Lighting Introduction and Market Overview</p><p>2 Industry Chain Analysis</p><p>3 Global Off-Highway Vehicle Lighting Market, by Type</p><p>4 Off-Highway Vehicle Lighting Market, by Application</p><p>5 Global Off-Highway Vehicle Lighting Consumption, Revenue ($) by Region (2016-2021)</p><p>6 Global Off-Highway Vehicle Lighting Production by Top Regions (2016-2021)</p><p>7 Global Off-Highway Vehicle Lighting Consumption by Regions (2016-2021)</p><p>8 Competitive Landscape</p><p>9 Global Off-Highway Vehicle Lighting Market Analysis and Forecast by Type and Application</p><p>10 Off-Highway Vehicle Lighting Market Supply and Demand Forecast by Region</p><p>11 New Project Feasibility Analysis</p><p>12 Expert Interview Record</p><p>13 Research Finding and Conclusion</p><p>14 Appendix<strong><u> </u></strong></p><p><strong><u>Reasons to Purchase this Report</u></strong></p><ul><li>Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors</li><li>Provision of market value (USD Billion) data for each segment and sub-segment</li><li>Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market</li><li>Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region</li><li>Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled</li><li>Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players</li><li>The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions</li><li>Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis</li><li>Provides insight into the market through Value Chain</li><li>Market dynamics scenario, along with growth opportunities of the market in the years to come</li></ul><p><strong><p><strong>Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert @ <a style="color: red;" href="https://crediblemarkets.com/enquire-request/off-highway-vehicle-lighting-market-31285?utm_source=Kaustubh&utm_medium=SatPR">https://crediblemarkets.com/enquire-request/off-highway-vehicle-lighting-market-31285?utm_source=Kaustubh&utm_medium=SatPR</a></strong></p></strong></p><p><strong><u>About US</u></strong></p><p>Credible Markets is a new-age market research company with a firm grip on the pulse of global markets. Credible Markets has emerged as a dependable source for the market research needs of businesses within a quick time span. We have collaborated with leading publishers of market intelligence and the coverage of our reports reserve spans all the key industry verticals and thousands of micro markets. The massive repository allows our clients to pick from recently published reports from a range of publishers that also provide extensive regional and country-wise analysis. 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After all, it is all about helping you reach an informed strategic decision about purchasing the right report that caters to all your market research demands.</p><p><strong><u>Contact Us</u></strong></p><p style="margin:0in;margin-bottom:.0001pt;">Credible Markets Analytics</p><p style="margin:0in;margin-bottom:.0001pt;">99 Wall Street 2124 New York, NY 10005</p><p style="margin:0in;margin-bottom:.0001pt;"><strong>Email:</strong> <a href="mailto:sales@crediblemarkets.com"><b style="mso-bidi-font-weight:normal;">sales@crediblemarkets.com</b></a></p><p data-f-id="pbf" style="text-align: center; font-size: 14px; margin-top: 30px; opacity: 0.65; font-family: sans-serif;">

[industrystudyreport]

Off-Highway Vehicle Lighting Market COVID-19 Impact Insights & Technological Developments

The global off-highway vehicle lighting market is estimated to attain USD 1.31 billion, by the end of 2025, and is anticipated to grow at a CAGR of 7.0% from 2018 to 2025, according to a new report by Million Insights. The increasing requirements for mining and construction equipment along strict government regulations are boosting the market growth. The growing awareness about safety of the workers is also expected to increase the demand for the off-highway vehicle lighting in the next few years.

Further, the government authorities across the world are focusing on making strict policies on the use of efficient vehicle lighting in residential and commercial applications. Some of the countries have banned the use of HID lamps. For example, national highway traffic safety administration has stopped the use of tail lights with amber lamps. The government of Canada has also defined the regulations regarding the lamps or lights to be used in trucks, buses, and other vehicles. LED lighting solutions are highly energy-efficient and helps in reducing the greenhouse gases emissions. This is projected to increase the demand for LED, halogen lights.

All these key initiatives have surged the demand for LED lights. LED lights are highly efficient and have a large lifespan of over five years, are widely used for off-highway lighting vehicle applications. Asia Pacific is projected to dominate the market in the coming few years. The growing mining and construction sites in the countries like China and India are supporting the market growth. These key factors are expected to increase the demand for dump trucks, loaders, excavators in the construction application.

Market Share Insights

Leading players in the market include Truck-Lite Co.; Grote Industries; Oracle Lighting; APS Lighting and Safety Products; ECCO Safety Group Co.; HELLA GmbH; and WESEM.

Manufacturers engage in new product launches, innovations to expand their product offerings. For example, Grote Industries has introduced LED strips suitable for heavy equipment in 2017.

Request free sample to get a complete analysis of the market players @ https://www.millioninsights.com/industry-reports/global-off-highway-vehicle-lighting-market/request-sample

In 2017, Asia Pacific accounted for USD 276.2 million in terms of global revenue in the overall market. It is projected to grow at a CAGR of over 5.1% from 2018 to 2025. The growing adoption of advanced machinery and skilled labor especially in countries such as Japan, Taiwan, and China is supporting the market growth. Additionally, the reduced production cost is also spurring the demand for vehicle lighting products.

The Middle East and Africa region are estimated to grow at the highest CAGR over the forecasted period,2018 to 2025. The increasing mining and construction activities are primarily contributing to market growth. Latin America region is also projected to propel at a significant rate in the coming few years. All these key factors are anticipated to surge the heavy machinery equipment demand.

Impact of COVID-19

COVID-19 outbreak has adversely affected the supply chain of the off-highway vehicle lighting market. Manufacturers are facing challenges in export & import activities in raw materials shipments of electronic& electrical equipment. However, some of the companies have resumed their manufacturing operation but are working with minimum capacity.

Several automotive companies outsource over 30.0% of auto parts from China. However, lockdown restriction and logistic concerns are imposing challenges to OEMs operating in vehicle lighting manufacturing. Increasing penetration of LED lights owing to their high energy efficiency and cost-effectiveness is expected to boost the market growth in the next few years. Thus, traditional fluorescent and HID lights are now rapidly replaced by LED projectors, reflectors.

Browse Related Category Research Reports @ https://industryanalysisandnews.wordpress.com/

[latest-market-insights]

Global Diesel Particulate Filter Research Report 2022 - Industry Size, Share, Demands, Regional Analysis & Estimations Till 2028

The Global Diesel Particulate Filter Market Report, in its latest update, highlights the significant impacts and the recent strategical changes under the present socio-economic scenario. The Diesel Particulate Filter industry growth avenues are deeply supported by exhaustive research by the top analysts of the industry. The report starts with the executive summary, followed by a value chain and marketing channels study. The report then estimates the CAGR and market revenue of the global and regional segments.

Base Year: 2021

Estimated Year: 2022

Forecast Till: 2023 to 2028

The report classifies the market into different segments based on type and product. These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels. The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.

Get | Download FREE Sample Report of Global Diesel Particulate Filter Market @ https://www.decisiondatabases.com/contact/download-sample-16713

A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Diesel Particulate Filter market.  The impact is closely studied in terms of production, import, export, and supply.

The report covers the complete competitive landscape of the Worldwide Diesel Particulate Filter market with company profiles of key players such as:

Bosal International NV

Delphi Automotive LLP

Dinex A/S

Donaldson Company, Inc.

Eberspächer Group

Faurecia SA

HJS Emission Technology GmbH & Co. KG

Hug Engineering AG

HUSS Inc.

IBIDEN CO., LTD.

Johnson Matthey GmbH & Co KG

Mann+Hummel Group

NGK Insulators Ltd.

Pirelli & C. S.p.A.

Tenneco Inc.

Want to add more Company Profiles to the Report? Write your Customized Requirements to us @ https://www.decisiondatabases.com/contact/get-custom-research-16713

Diesel Particulate Filter Market Analysis by Product Type:

Cordierite DPF

Silicon Carbide (SiC) DPF

Other Types

Diesel Particulate Filter Market Analysis by Applications:

Truck

Buses

Off Highway

Light Commercial Vehicles

Diesel Particulate Filter Market Analysis by Geography:

North America (USA, Canada, and Mexico)

Europe (Germany, UK, France, Italy, Russia, Spain, Rest of Europe)

Asia Pacific (China, India, Japan, South Korea, Australia, South-East Asia, Rest of Asia-Pacific)

Latin America (Brazil, Argentina, Peru, Chile, Rest of Latin America)

The Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa, Rest of the Middle East and Africa)

Key questions answered in the report:

What is the expected growth of the Diesel Particulate Filter market between 2022 to 2028?

Which application and type segment holds the maximum share in the Global Diesel Particulate Filter market?

Which regional Diesel Particulate Filter market shows the highest growth CAGR between 2022 to 2028?

What are the opportunities and challenges currently faced by the Diesel Particulate Filter market?

Who are the leading market players and what are their Strengths, Weakness, Opportunities, and Threats (SWOT)?

What business strategies are the competitors considering to stay in the Diesel Particulate Filter market?

Purchase the Complete Global Diesel Particulate Filter Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-16713

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DecisionDatabases.com is a global business research report provider, enriching decision-makers, and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research reports, customized research reports, company profiles, and industry databases across multiple domains. Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise, and meaningful data at a lightning speed.

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[markettrendus]

Global Off-Highway Hybrid Commercial Vehicles Market Growth by Manufacturers, Regions, Type and Application, Production, Revenue, Price and Gross Margin Analysis to 2022

Global Off-Highway Hybrid Commercial Vehicles Market Growth by Manufacturers, Regions, Type and Application, Production, Revenue, Price and Gross Margin Analysis to 2022

Global Off-Highway Hybrid Commercial Vehicles market Report 2022 gives the in detail look into consider revealing insight into various business verticals. It incorporates key business factors which prompt market improvement and progression. Overall Off-Highway Hybrid Commercial Vehicles market report portions the business into different classifications in light of the assembling regions. The…

[shreyas-inkwood]

Prominent ATV and UTV Companies across the Globe

In recent years, the global ATV and UTV market has gained immense popularity, surging its growth rate at 6.15% between 2021 and 2028. The trend of recreational activities and adventure sports in several countries and support from tourism councils as a tourist attraction is attributed as revenue-generating in both developed and developing markets. Also, with favorable government regulations and expanding variations, the market is positively welcomed in diverse industries, notably in the military, survey, forestry, agriculture, sports, etc.

The market competition has intensified tremendously. Companies are contending on two direct factors: global expansion and high-quality standards with cost-effective prices. However, the ban on ATV and UTV driving in wildlife areas and high maintenance costs are challenges these players can overcome with innovation.

Below listed are Few Noteworthy contenders of the ATV and UTV market:

1. POLARIS

Polaris Industries, headquartered in Medina, Minnesota, is an American manufacturer of ATV, snowmobiles, and electric vehicles and manufactures and designs power sports vehicles. It offers all-terrain vehicles, utility vehicles, snowmobiles, motorcycles, passenger vehicles, commercial vehicles, low emission vehicles, and light-duty hauling vehicles. Moreover, the company also provides snow bike conversion kit systems and supplies numerous spare parts and accessories. Polaris markets its launches under the Turbo DYNAMIX, Timbersled, Polaris ACE, RANGER XP, RZR XP, Indian Motorcycles, Slingshot, DAGOR, MRZR, Pro Armor, Sportsman MV, and Tail tech brands.

2. YAMAHA

Headquartered in Iwata, Shizuoka, Yamaha Motor Co. is a Japanese manufacturer of motorcycles, marine products, industrial machinery and robots, power products, and other motorized products. It provides recreational vehicles, commuter vehicles, all-terrain vehicles, off-highway vehicles, and snowmobiles. The company’s offerings also include marine engines, wakeboard towing boats, power-assisted bicycles, generators, industrial robots, automobile engines, electric wheelchairs, unmanned helicopters, and golf cars. Yamaha introduced its first 3-wheeled ATV in the U.S in 1980 and its 4-wheeled ATV in 1984. Since then, the popular brand has developed an extensive line of sport utility and side-by-side ATVs.

3. KAWASAKI

Kawasaki Heavy Industries, Ltd engages in motorcycle and engine, ship and offshore structure, aerospace, rolling stock, gas turbine and machinery, precision machinery, and plant & infrastructure business. Its motorcycle and engine segment provides motorcycles, utility vehicles, all-terrain vehicles, personal watercraft, and general-purpose gasoline engines. Founded in 1878, headquartered in Tokyo, Japan, it sells its products in Japan, United States, Europe, Asia, and many places worldwide.

4. KYMCO

Kwang Yang Motor Co, Ltd is a Taiwanese company that designs and manufactures a wide range of ATVs, motorcycles, motor scooters, and utility vehicles worldwide. The company produces more than 570,000 vehicles annually and has additional reach in production facilities in Shanghai, Jakarta, Changsha, Petaling Jaya, and Chengdu. In addition, it serves over 600 locations across the United States with an extensive line of ATV models.

5. SUZUKI MOTOR CORPORATION

Suzuki is one of the top notable names in the automobile industry. The company manufactures automobiles, marine, motorcycles, and power products. It provides standard-sized vehicles, mini-vehicles, all-terrain vehicles, sub-compact vehicles, motorized wheelchairs, outboard motors, and electro senior vehicles. Moreover, it also provides premium luxury cars and sports utility vehicles (SUVs). Headquartered in Hamamatsu, Japan, Suzuki has 133 distributors in 192 countries and 35 production facilities in 23 countries.

6. BRP INC.

Originally known as Bombardier (BRP), Can-Am is headquartered in Valcourt, Canada, founded in 1937. The company manufactures recreational vehicles such as Sea-Doo watercraft, Can-Am ATVs, Rotax engines, Spyder roadsters, and many more. The company, with its subsidiaries, designs, manufactures, develops, distributes, and markets marine products and power sport vehicles worldwide. It launched its first side-by-side ATV in 2002 and is still developing its line of ATVs suitable for ranchers or farmers, focusing on a strong, utility ATV to fasten their work.

7. TEXTRON INC. (ARCTIC CAT)

Founded in 1960 and headquartered in Thief River Falls, Minnesota, Arctic Cat is now a part of Textron Inc. The company designs, manufacture, and distributes ATVs, snowmobiles, and related parts. It produced its initial ATV in 1996 and today boasts an extensive range of ATVs. On March 6, 2017, Textron acquired Arctic Cat, a manufacturer of all-terrain vehicles, snowmobiles, and side-by-sides. Textron Inc. serves telecommunications, construction, maintenance, electrical, data communications, utility, and plumbing industries.

8. HISUN MOTORS CORPORATION

Hisun Motors Corporation is one of the fastest flourishing companies in the USA market. The company aims at delivering a wide range of unique and versatile ATVs and UTVs, surpassing the industry expectations. In addition, it offers technical support, housing final assembly, and parts distribution. In the US, Hisun Motors is the largest provider of powersports vehicles.

Conclusion

The global ATV and UTV market is projected to see excitement in the years ahead as companies lien on technology for innovation. The opportunistic areas for the operating players include the production of safety features & advanced control systems. Also, the rise in brands and OEM manufacturers will turn favorable to market growth.

[girlinpride]

Off Highway Dump Trucks Market  Analysis, Historic Data and Forecast 2021-2028

The latest report published by Profshare Market Research projects that Off Highway Dump Trucks Market is expected to show impressive CAGR of 6% between 2019-27. The study covers detail market analysis, growth and forecast of the Off Highway Dump Trucks Market. The report includes market analysis on global as well country specific level. Historical data analysis from 2015 to 2019 is very important to forecast market for 2019 to 2027.

The report uses value chain analysis for each of the product segments. Value chain analysis offers in depth information about value addition at each stage of the product development. It is very important for organization to reduce cost of the final product without compromising much on quality. If organization receives correct value chain analysis information then it can ease the product manufacturing process to large extent. Seamless product delivery to consumer has become more important than it ever were, proper value chain analysis exactly delivers the same.

Major players in the Off Highway Dump Trucks Market are identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included key opinions of leaders and industry experts. The percentage splits, market shares, growth rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

Research report includes the extensive use of primary and secondary data sources. Research process focuses on multiple factors affecting the industry such as competitive landscape, government policy, historical data, market current position, Off Highway Dump Trucks Market trends, upcoming technologies & innovations as well as risks, rewards, opportunities and challenges. Study used very precise top-down and bottom-up approach in order to validate market revenue, volume, manufacturers, regional analysis, product segments and end users/applications.

Research report provides details analysis on drivers and restraints Off Highway Dump Trucks Market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. Research report includes in depth competitive analysis with shares of each player inside market, growth rate and market attractiveness in different end users/regions. Research study on Off Highway Dump Trucks Market helps user to make precise decision in order to expand market presence and increase market share.

Regional analysis of Off Highway Dump Trucks Market includes North America, Asia Pacific, Europe , Middle East & Africa as major region. These Major regions are further divided into countries like US, Canada, Mexico, Argentina, Brazil, Germany, England, France Italy, Netherlands, Spain, India, China, Singapore, Japan, Malaysia, South Korea & Australia. Regional outlook is one of the most important aspects of research study. Research study delivers clear picture of product market for various regions globally.

Access Full Report @ https://www.profsharemarketresearch.com/off-highway-dump-trucks-market/

Market Segmentation

Product types

Wire to Wire Connector

Wire to Board Connector

Application analysis

Light Commercial Vehicle

Heavy Commercial Vehicle

Research report on Off Highway Dump Trucks Market includes competitive analysis that provides better insight of the major manufacturers of Off Highway Dump Trucks. These major players include:

Yazaki

Sumitomo Electric

Delphi

LEONI

Lera

Yura

Furukawa Electric

Coficab

PKC Group

Kyunghsin

Beijing Force

Fujikura

Colorplast

General Cable

Shanghai Shenglong

Beijing S.P.L

Some of the important aspects of the Off Highway Dump Trucks Market study include:

Report heavily focuses on major market aspects such as Volume, Revenue, market share, concentration rate, supply-demand scenario, growth & challenges.

Market growth drivers, trends analysis, future scope, government policies as well as environmental aspects.

Study uses many important analytical techniques to reach highest level of data accuracy. These techniques includes Primary & secondary research, Porters five analysis, SWOT analysis, Qualitative analysis, market sizing.

About Profshare:

Profshare Market Research is a full service market research company that delivers in depth market research globally. We operate within consumer and business to business markets offering both qualitative and quantitative research services. We work for private sector clients, along with public sector and voluntary organizations. Profshare Market Research publishes high quality, in-depth market research studies, to help clients obtain granular level clarity on current business trends and expected future developments. We are committed to our client’s needs, providing custom solutions best fit for strategy development and implementation to extract tangible results.

Contact :

Prachi M.

Profshare Market Research

sales@profsharemarketresearch.com

[forblogmostly]

Balu Forge Industries Limited has won an order to supply Powertrain Sub-assemblies

Balu Forge Industries Ltd (BFIL) is excited to announce that it has secured a substantial trial order to provide Powertrain sub-assemblies to a Middle Eastern tractor manufacturer. This contract is a testament to the superior quality of BFIL’s products and its dedication to providing innovative solutions that meet the changing needs of the agricultural industry.

Under the terms of the contract, BFIL will supply a variety of powertrain sub-assemblies for engines that will power a range of tractors. Initially, the trial order consists of 10,000 sets of sub-assemblies, with the potential to increase to over 50,000 per year. BFIL has already started fulfilling the order and anticipates generating additional revenues in the upcoming quarters.

This order win aligns with BFIL’s strategic initiatives to expand its presence in the international market while broadening its product offerings. It also represents BFIL’s entry into powertrain sub-assembly production and supplies, laying a strong foundation for the company to add sub-assemblies for new energy vehicles to its product mix in the near future.

The management team of Balu Forge Industries Ltd expressed their delight at being selected as the supplier of Powertrain sub-assemblies to the Middle Eastern tractor manufacturer. They believe that BFIL’s half engine and assemblies will meet the customer’s standards and exceed their expectations, establishing a long-term, successful partnership with them. The order is expected to support BFIL’s long-term growth plans and generate healthy EBITDA margins.

In addition, BFIL is dedicated to providing its customers with the best possible products and services. This order is a testament to the company’s continuous efforts to achieve excellence in all aspects of its business, from product design to execution.

BFIL is committed to innovation and growth and aims to serve its customers with the utmost levels of quality, reliability, and customer service.

About Balu Forge Industries Ltd: Balu Forge Industries Ltd (BFIL) was established in 1989 and specializes in the production of fully finished and semi-finished crankshafts and forged components. Its manufacturing capabilities allow for the production of components conforming to both new emission regulations and new energy vehicle standards.

BFIL has a fully integrated forging and machining production infrastructure, offering a diverse product portfolio ranging from 1 kg to 500 kg. With the capacity to produce 5,000 tons of forged components per month and an annual capacity to manufacture 360,000 crankshafts, the company has established itself as a prominent player in the industry.

BFIL’s global presence is strengthened by its 80+ distribution networks, operating both domestically and in the export market. Its customers include renowned suppliers and manufacturers of light vehicles, agricultural equipment, power generation equipment, commercial vehicles, off-highway vehicles, ships, locomotives, and other industries such as defense, oil and gas, railway, marine, and more.

[marketresearchstrategy]

Optical Microscope Industry Supply Chain Analysis, Growth Opportunities, Top Companies, Revenue Growth and Business Development Report by 2027

Reports and Data has recently published a new research report on Global Optical Microscope Market that covers current development scenario and emerging trends of the market. The research report provides a comprehensive assessment of the market size, market share, revenue growth, and provides a futuristic perspective about the market trends, growth factors, facts, and industry validated market data. The report applies advanced statistical tools such as Porter’s Five Forces analysis and SWOT analysis to shed light on the competitive landscape of the global Optical Microscope market. The report covers all the critical and essential information relating to the global Optical Microscope market which helps the readers and clients gain a thorough understanding of the market.

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1581

The report initially offers market introduction, market overview, product scope, market opportunities, growth prospects, risks, limitations, and key drivers. The report also covers a comprehensive analysis of the competitive landscape with extensive profiling of the key competitors. It covers recent technological advancements, product developments, product launches, mergers and acquisitions, collaborations, joint ventures, and partnerships.

Key Companies in the market include:

Carl Zeiss AG

Leica Microsystems

Meiji Techno

Olympus Corporation

Labomed, Inc.

Oxford Instruments

Asylum Research Inc.

Bruker and CAMECA

Carl Zeiss AG

Leica Microsystems

Nikon Instruments Inc.

Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.

Market segment analysis:

Digital Microscopes

Stereo Microscopes

Inverted Microscopes

Others

Market Segment by End-user:

Hospitals & Clinics

Academic & Research Institutes

Diagnostics Laboratories

Pharmaceutical & Biotechnology Companies

Others

Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1581

Regional analysis further covers a country-wise analysis to offer insights into key trends and demands in each major country that might affect the growth of the market in the region.

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

U.S.

Canada

Mexico

Germany

U.K.

Italy

France

BENELUX

Rest of Europe

China

India

Japan

South Korea

Rest of APAC

Brazil

Rest of LATAM

Saudi Arabia

A.E.

South Africa

Rest of MEA

To know more about the report @ https://www.reportsanddata.com/report-detail/optical-microscope-market

Key Features of the Global Optical Microscope Market Report:

Comprehensive analysis of the key players operating in the market along with their SWOT analysis, their business profiles, business overview, market share, global position, and market value

Identification and analysis of significant trends and factors driving revenue growth of the market

Analysis of the competitive landscape along with strategic mergers, expansions, agreements, partnerships, joint ventures, acquisitions, and product launches

Assessment of each market segment along with their growth trends and market revenue contribution

Study of the key regions to pinpoint growth potential and study opportunities, threats, limitations, and risks

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/1581

Thank you for reading our report. Customization of this report is available according to the client’s needs. Please get in touch with us to know more about the customization feature and our team will ensure the report is tailored as per your requirements.

Browse more reports:

Hot Melt Adhesives Market Size

Off Highway Vehicle Engine Market Share

[sandlerresearch]

Exhaust System Market by After-Treatment Device (DOC, DPF, LNT, SCR, GPF), Vehicle Type (PC, LCV, Trucks, Buses, Ag Tractor, Construction & Mining Equipment), Aftermarket, Component, Sensor, Application, Sales Channel and Region - Global Forecast to 2026 published on

https://www.sandlerresearch.org/exhaust-system-market-by-after-treatment-device-doc-dpf-lnt-scr-gpf-vehicle-type-pc-lcv-trucks-buses-ag-tractor-construction-mining-equipment-aftermarket-component-sensor-applicati.html

Exhaust System Market by After-Treatment Device (DOC, DPF, LNT, SCR, GPF), Vehicle Type (PC, LCV, Trucks, Buses, Ag Tractor, Construction & Mining Equipment), Aftermarket, Component, Sensor, Application, Sales Channel and Region - Global Forecast to 2026

“Growing vehicle emission is leading to the stringent emission and fuel economy regulations is expected to drive the exhaust system market during the forecast period.”

The exhaust system (OE) market, by vehicle type is projected to grow from USD 36.9 billion in 2021 to USD 47.9 billion by 2026, at a CAGR of 5.3% during the forecast period. Passenger cars, light commercial vehicles, and heavy commercial vehicles are classified as on-road vehicles. Most countries follow Euro standards such as Euro 5 and Euro 6. The particle mass and particle number standards for diesel cars in Euro 6 are the same as those in Euro 5. Limits on particle mass emissions for diesel cars have been reduced by large amounts since the Euro 1 standards were introduced. The Euro 6 particle mass limits for diesel cars represent a reduction of 96% from Euro 1 limits.  Euro 6 is a significant advancement over Euro 5 with regard to NOX limits. The NOX limit declines from 0.18 g/km to 0.08 g/km, a reduction of 56%. Explicit NOX limits were introduced at the Euro 3 level, and in the Euro 6 standards, the NOX limit is 84% lower than the Euro 3 level. Emerging economies with higher vehicle production like India launched new standards of BS 6 emission standards on April 1, 2020; the diesel vehicle nitrogen oxide (NOx) limit was declined from 250 mg/Km in BS5 to 80 mg/km in BS6.

Countries adhering to the Paris Agreement for a reduction in vehicle emissions are planning to introduce more stringent emission regulations. Countries such as Brazil, Russia, and South Africa are planning to introduce emission regulations like Euro 5 and Euro 6 post-2023. This will result in more emission stringency and a reduction in vehicle weight. Manufacturers are shifting toward exhaust after-treatment devices through advanced components and technologies to comply with the emission standards. Thus, this is expected to fuel the demand for exhaust systems in on-highway vehicles.

The Corporate Average Fuel Economy (CAFE) regulations have set standards related to fuel economy. These regulations mainly aim to lower fuel consumption (or improve fuel efficiency) of vehicles by lowering carbon dioxide (CO2) emissions, hence serving the twin purposes of reducing dependence on oil for fuel and controlling pollution.

The EPA and the Department of Transportation issued a proposed ruling that, if enacted, would roll back some of the goals set in 2012, in August 2018. This issue ruling-freezes the fuel economy goals to the 2021 target of 37 miles per gallon. China has Phase V standards with an average fleet target of 4.0 L/100 km (NEDC) by 2025 for passenger vehicles produced in or imported to China, a 20% reduction from the previous 5.0L/100 km target in 2020. In India, mandates that the average corporate CO2 emission must be less than 130 gm per km till 2022 and below 113 gm per km thereafter as per the CAFÉ regulation.

Thus, the on and off-highway vehicle emission regulations combined with the stringent fuel economy regulations are expected to lead the automotive OEMs and exhaust system manufacturers to adopt and develop new components and systems as well as use after-treatment devices to minimize vehicle emissions and drive the exhaust system market during the forecast period.

“The passenger car segment is expected to lead the vehicle type segment due to the increased global vehicle production.”

The production of these vehicles is growing rapidly in emerging countries such as China and India. In China and India, the production of diesel vehicles is significant as consumers prefer gasoline and diesel vehicles. Automotive manufacturers are increasingly investing in these countries due to the availability of cheap labor, suitable infrastructure for production, and attractive government policies for the automotive industry. Key OEMs are Toyota, Volkswagen, Hyundai, General Motors, and Ford.

The passenger car market in the US is growing at a steady rate as consumers are switching to SUVs and pickup trucks. In the US, SUVs and pickup trucks are considered under LCVs.

The maximum share of passenger cars in global vehicle production is expected to drive this segment. According to OICA statistics, passenger cars accounted for 79% of vehicle production in 2020, which is anticipated to grow at a significant rate during the forecast period.

Asia Pacific is projected to be the largest regional market

Asia Pacific is estimated to be the largest OE market for exhaust systems and after-treatment devices during the forecast period, followed by Europe. The growth of the exhaust system market in Asia Pacific is mainly attributed to the increasing vehicle production and constant upgradations in emission norms, especially in countries such as China, Japan, and India.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and strategy directors, and executives from various key organizations operating in this market.

By Company Type: Tier1 – 40%,Tier2–30%, and OEMs – 30%

By Designation: C Level – 35%, Directors- 35%, and Others – 30%

By Region: Asia Pacific – 50%, Europe – 20%, North America –30%

Tenneco Inc.(US), Faurecia (France), Eberspächer  (Germany), Friedrich Boysen GMBH & CO. KG (Germany), and BENTELER International (Austria) are the leading providers of an exhaust system in the global market.

Research Coverage:

The study segments the exhaust system market and forecasts the market size based on OE Market, by after-treatment device (DOC, DPF, SCR, LNT, and GPF), OE Market, by component (manifold, downpipe, catalytic converter, muffler, tailpipe, sensors, and hangers), OE Market, by vehicle type (passenger cars, LCVs, buses, and trucks), OE Market, by off-highway vehicle (agricultural tractor, mining equipment, and construction equipment), Application (on-highway vehicles and off-highway vehicles), Aftermarket, By vehicle type (LDV and HDV), Sensor Type (temperature sensors, oxygen sensors, NOx sensors, and PM sensors), Sales Channel (OEM and aftermarket), and Region (Asia Pacific, North America, Europe, and the Rest of the World).

The study also includes an in-depth competitive analysis of the major exhaust system manufacturers in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall exhaust system market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the market’s pulse and provides them information on key market drivers, restraints, challenges, and opportunities.

[marketresearch-articles]

The Complete Guide to Truck Refrigeration Unit Market

Are you willing to know about Truck Refrigeration Unit Market? Then you are in right place. Here you will get information like Market Analysis and Insights: Truck Refrigeration Unit Market, Market Scope and Market Size, Truck Refrigeration Unit Market Country Level Analysis, Market Share Analysis, Customization Available

 The truck refrigeration unit market is expected to witness market growth at a rate of approximately 5.85% in the forecast period of 2021 to 2028. Data Bridge Market Research report on truck refrigeration unit market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increasing vehicle sales are escalating the truck refrigeration unit market growth.

 Download Sample Report @  https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-truck-refrigeration-unit-market

Global Truck Refrigeration Unit Market, By Type (Small Truck Refrigeration Unit, Medium Truck Refrigeration Unit, Larger Truck Refrigeration Unit), Industry (Frozen Food, Pharma & Chemical, Ambulance & Passenger Transport), Bus Length (<8, 8-12, >12m), Trailer Size (20ft, 40ft), End- User (Food, Pharmaceutical, Chemical Industry, Plants/ Flowers), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028

Get TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-truck-refrigeration-unit-market

 Global truck refrigeration unit market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the truck refrigeration unit market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.    

Customization Available: Global Truck Refrigeration Unit Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import-export and grey area results data, literature review, consumer analysis, and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.

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