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Showing posts from April, 2021

Global EV Test Equipment Market Competitive Analysis with Growth Forecast Till 2026

  The global  EV Test Equipment Market  size is projected to reach USD 105 million by 2026, from an estimated USD 42 million in 2021, at a CAGR of 20.1%. The base year for the report is 2020, and the forecast period is from 2021 to 2026. Factors such as such as increasing pollution and the threat of global warming have accentuated the need to replace petroleum-fuel vehicles with emission-free substitutes. The increasing demand for electric vehicles is expected to fuel the growth of the market for electric vehicle testing equipment and related components. The EV test equipment market has promising growth potential due to several factors, including the innovative battery technologies, demand for vehicle electronic functions and features, and stringent emission standards, the demand for EV test equipment, software, and repair data. The significant sales volume of electric vehicles in Asia Pacific, especially in China has propelled the growth of the global EV test equipment market. Dow

Global Automotive Heat Shield Market Competitive Analysis with Growth Forecast Till 2025

  The  Automotive Heat Shield Market  is estimated to be worth USD 11.7 billion in 2020 and is projected to reach USD 13.9 billion by 2025, at a CAGR of 3.4% during the forecast period. The growing adoption of electronics in automobiles, increasing demand for luxury vehicles, and technological advancements in heat shields are key factors driving the automotive heat shield market. The market has witnessed substantial growth in developing and developed countries. Asia Pacific is the largest market for automotive heat shields. The Asia Pacific automotive heat shield market accounted for 51.0% of the global market, by value, in 2020. The implementation of new technologies, establishment of additional manufacturing plants, and creation of value-added supply chains between manufacturers and material providers have created a platform for future growth in this region. Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=32920550 Major players like Dana and Ly

How is the global Container Handling Equipment Market shaping up? What role has COVID-19 played in the market?

  The  Container Handling Equipment Market  is projected to grow at a CAGR of 4.24%, during the forecast period, to reach a market size of USD 8.75 billion by 2025. Increased cargo transportation, growing use of automation technologies at port terminals, stringent emission levels resulting in the increased demand for electric and hybrid equipment, and the rising demand in Asia Pacific and the Middle East are the key factors driving the growth of the container handling equipment market. The container handling equipment market is dominated by a few global players and comprises several regional players. Some of the key manufacturers and suppliers in the container handling equipment market are Kalmar (Finland), Konecranes (Finland), Liebherr (Switzerland), Hyster (US), Sany (China), ZPMC (China), Lonking (China), Anhui Heli (China), CVS Ferrari (Italy), and Hoist Liftruck (US). Contracts & agreements and new product developments were the prominent strategies adopted by these players

Automotive Upholstery Market – Analysis with Ongoing Trends & Market Revenue

  The report  “ Automotive Upholstery Market  by Application (Carpets, Dashboards, Roof Liners, Seat Covers, Sun Visors & Trunk Liners), Upholstery Materials, Fabric Type (Non-woven & Woven), Integrated Technology, Vehicle Type, and Region – Global Forecast to 2025″ , The automotive upholstery market in 2017, is estimated to be USD 4.65 Billion in 2017 and is projected to grow at a CAGR of 6.59% during the forecast period, to reach a market size of USD 7.74 Billion by 2025. The market is driven by factors such as increasing vehicle production, growing demand for advanced technologies and customized automotive interiors adoption and increasing demand for light weight automotive materials. “Automotive seat covers to be the largest segment of the automotive upholstery market, by application” Automotive seat covers are the largest segment of the automotive upholstery market, by application because automotive seats consume the maximum upholstery material. Each automotive seat co

Occupant Classification System Market to Witness Astonishing Growth by 2025

  The global  Occupant Classification System Market  is projected to grow at a CAGR of 6.7% from 2020 to 2025, to reach USD 2.8 billion by 2025. The automotive industry is experiencing a paradigm shift in vehicle production from developed economies to developing economies. Increasing population and improving demographic dividend in countries like India, China, Brazil, and South Africa have contributed to the increasing production of economy-class vehicles. Economy-class vehicle contributed around 37% of the total vehicle production in the year 2017 and is expected to grow at a rate of approximately 3% by the year 2025. Currently, most of the economy-class vehicles produced in developing countries are not equipped with OCS. The installation of active and passive safety systems in vehicles largely depends on government regulations. With the increasing economy-class vehicle production and growing awareness about safety systems among people, OEMs can create new revenue pockets in developin

Advanced Gear Shifter System Market to Witness Astonishing Growth by 2025

  The report  “ Advanced Gear Shifter System Market  for Automotive by Technology (Automatic Shifter, Shift-by-Wire), Component (CAN Module, ECU, Solenoid Actuator), Vehicle Type (Light Duty Vehicles, Commercial Vehicles), EV Type, and Region – Global Forecast to 2025″  The advanced gear shifter system market for automotive is projected to grow at a CAGR of 7.91% during the forecast period, to reach USD 17.8 billion by 2025 from an estimated USD 10.5 billion in 2018. South America to be the fastest growing market and Asia Pacific to hold the largest market for advanced gear shifter system in 2025 South America is projected to be the fastest growing market for automotive advanced shifter from 2018 to 2025. The market growth in this region can be attributed to the increasing vehicle production and expansion of leading OEMs and automotive component suppliers.  Asia Pacific is projected to be the largest market for automotive advanced shifter from 2018 to 2025. The market growth in the

Catalytic Converter Market – Analysis with Ongoing Trends & Market Revenue

  The  Catalytic Converter Market  is estimated to be USD 42.4 billion in 2018 and is projected to reach USD 73.1 billion by 2025, at a CAGR of 8.10%. The Asia Oceania region is projected to lead the catalytic converter market during the forecast period owing to the highest vehicle production compared to other regions such as North America and Europe. The increasing demand for passenger cars along with the rising stringency in emission norms would further fuel the demand for catalytic converters, especially in the European and North American countries. The SCR segment is expected to be the largest contributor in the catalytic converter market during the forecast period The SCR technology offers benefits including enhanced NOx reduction than LNT by nearly 90%, and hence, it is mostly preferred in diesel vehicles across the globe. SCR has a maximum installation rate in European and North American countries owing to the ongoing emission norms such as Euro 6 and Tier 3 respectively. Eu

Global Smart Fleet Management Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2022

  The report  " Smart Fleet Management Market  by Transportation (Automotive, Rolling Stock, Marine), Hardware (Tracking, Optimization, ADAS, and Diagnostic), Connectivity (Short, Long, and Cloud), Solution (Tracking and Optimization), and Region - Global Forecast to 2022" , The smart fleet management market is projected to grow at a CAGR of 8.0% from 2017 to 2022, to reach USD 462.48 Billion by 2022. Some of the major factors responsible for the growth of the market are government regulations for safety and increase in demand for real-time tracking and fleet monitoring by fleet operators to reduce transportation cost and increase operational efficiency. Real- Time Monitoring: Promising technology in smart fleet management Real-time monitoring, geofencing are incorporated in railways, marine transport, and automotive due to the increase in demand for fleet safety and security in transportation of goods and passengers With adoption of technologies transporter or service