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Showing posts from January, 2022

Automotive Diagnostic Scan Tools Market Projected to reach $41.4 billion by 2026

  The global Automotive Diagnostic Scan Tools Market is expected to register significant growth during the forecast period. It is estimated to grow at a CAGR of 4.5% from USD 33.1 billion in 2021 to USD 41.4 billion by 2026. Increasing consumer preference for connectivity features in vehicles and the increasing automation in the driving functions have accentuated the need for high-end electronics architecture in the vehicles. The rapid urbanization globally, especially in developing countries, is inflating the demand for commercial vehicles, which provides great potential to the automotive diagnostic scan tools market. Furthermore, the introduction of stringent emission norms to curb rising pollution is driving the growth of the Automotive Diagnostic Scan Tools market. Growing concerns over environmental pollution have led to the implementation of stringent emission norms and enhanced the demand for fuel-efficient vehicles. The Asia Pacific market is estimated to be the largest du

Automotive Upholstery Market Projected to reach $7.74 billion by 2025

  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

Electric Vehicle Range Extender Market Projected to reach 479,027 units by 2025

  The report  " Electric Vehicle Range Extender Market  by Type (ICE Range Extender, Fuel Cell Range Extender, and Others), Component (Battery Pack, Generator, Power Converter, and Electric Motor), Vehicle (PC and CV), and Region - Global Forecast to 2025"  The electric vehicle range extender market is estimated to be 218,129 units in 2018 and is projected to reach 479,027 units by 2025, at a CAGR of 11.89% .  The market is principally driven by the increasing demand for driving range extension of the electric vehicles and government incentives on the purchase of a range extender electric vehicle. A range extender increases the driving range of an electric vehicle. For instance, a typical BMW i3 BEV offers a driving range of 130 km, but BMW i3 REx offers an additional driving range of 156 km. ICE range extender is the fastest growing segment of electric vehicle range extender market, by type The cost of an ICE range extender is lower than a fuel cell range extender. Due t

Sliding Bearing Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2027

  The report " Sliding Bearing Market by Railway (Locomotive, Wagon, Coach, DMU, EMU, Light Rail, Metro & High-Speed), Type (Thrust, Radial, Angular Contact & Linear), Application (Engine, Brake, Bogie, Interior & Exterior), Material & Region - Global Forecast to 2027" The Sliding Bearing Market is projected to grow at a CAGR of 6.4% during the forecast period, to reach a market size of USD 1,531 million by 2027 from USD 934 million in 2019. Increasing demand for higher efficiency, and reliability, rising metros, light rail and high-speed trains demand, and growing investments in railway projected globally are expected to fuel the sliding bearing market. Wagons segment is estimated to hold the largest share in the sliding bearing market, by railway type Freight wagons segment leads the sliding bearing market, by railway type, from 2019 to 2027 owing to its highest share in the overall railway globally. As per MarketsandMarkets analysis, the freight wagons

Cargo Handling Equipment Market Projected to Reach $28.02 Billion by 2025

The report " Cargo Handling Equipment Market by Application (Air, Land, & Marine), Equipment (Conveyors, Forklift Truck, Aviation Dolly, Pallet Jack, AGV, Crane, RTG, Loader, Stacker, Straddle Carrier, Terminal Tractor), Propulsion, and Region - Global Forecast to 2025", The market for cargo handling equipment is projected to grow at a CAGR of 3.61%, during the forecast period, to reach a market size of USD 28.02 billion by 2025 from an estimated USD 21.85 billion in 2018. The increasing cargo trade across the world, stringent emission regulations for cargo handling equipment, and strong demand in Asia Pacific and Europe, Middle East, and Africa would fuel the demand for cargo handling equipment. The diesel propulsion segment is estimated to hold the largest share of the cargo handling equipment market during the forecast period. The diesel propulsion segment is projected to hold the largest market share from 2018 to 2025. Most of the cargo handling equipment, such as st

COVID-19 Impact on Global Machine Tool Market Latest Trends and Indications to 2021

  Post COVID-19, the Global Machine Tool Market size is projected to reach USD 68.9 billion by 2021 from an estimated USD 65.6 billion in 2020, at a CAGR of 5.0%. The projections were based on the ongoing automotive industry production drop, which is the biggest consumer of machine tools and, additionally, the supply chain disruptions caused by the COVID-19 pandemic in the manufacturing industry. The machine tool market is expected to decline due to COVID-19, where major investment decisions on new machinery in the manufacturing industries are likely to halt until the end of the year further. After the lockdown period, many manufacturers will face problems in meeting the demand due to supply chain disruptions caused by a period of stagnation during the global crisis. Asian suppliers, especially, will have difficulties in ramping up production, which will cause severe bottlenecks in the supply of some key components and delays in delivery. Download PDF Brochure @ https://www.mark

Cargo Handling Equipment Market Projected to Reach $28.02 Billion by 2025

The report " Cargo Handling Equipment Market by Application (Air, Land, & Marine), Equipment (Conveyors, Forklift Truck, Aviation Dolly, Pallet Jack, AGV, Crane, RTG, Loader, Stacker, Straddle Carrier, Terminal Tractor), Propulsion, and Region - Global Forecast to 2025", The market for cargo handling equipment is projected to grow at a CAGR of 3.61%, during the forecast period, to reach a market size of USD 28.02 billion by 2025 from an estimated USD 21.85 billion in 2018. The increasing cargo trade across the world, stringent emission regulations for cargo handling equipment, and strong demand in Asia Pacific and Europe, Middle East, and Africa would fuel the demand for cargo handling equipment. The diesel propulsion segment is estimated to hold the largest share of the cargo handling equipment market during the forecast period. The diesel propulsion segment is projected to hold the largest market share from 2018 to 2025. Most of the cargo handling equipment, such as st

Mining Machinery Market Estimated to Reach $36.2 Billion by 2025

  The global Mining Machinery Market size is projected to reach USD 36.2 billion by 2025, from an estimated value of USD 29.0 billion in 2020, at a CAGR of 4.5%. Increasing use of electric machinery in underground mining and increase in demand for metals and commodities are the driving factors are expected to boost the mining machinery market. The mining industry has witnessed many advancements, especially with the introduction of autonomous mining machinery. Autonomous mining trucks are capable of driving an exact route every time and help in meeting material handling capacity requirements, resulting in reduced production time, fewer chances of human error, increased safety, high production volume, and increased accuracy and repeatability. Caterpillar Inc. (US), Volvo CE (Sweden), and Komatsu Ltd. (Japan), some of the market leaders, manufacture autonomous mining trucks that are used at sites around the globe. The constant R&D efforts by mining machinery manufacturers to modern

Mobility as a Service Market Projected to Grow $40.1 billion by 2030 at a CAGR of 32.1%

  The   Mobility as a Service Market   size is projected to reach USD 40.1 billion by 2030 from an estimated USD 3.3 billion in 2021, at a CAGR of 32.1% from 2021 to 2030. The growth of this market is influenced by factors such as increasing smart city initiatives, growing adoption of on-demand mobility services, need to reduce CO 2   emissions, improved 4G/5G infrastructure, and penetration of smartphones. Therefore, the mobility as a service market is expected to witness significant growth in the future. Electric Mobility as a Service is boosting the mobility as a service market (MaaS. It combines highly innovative technologies and new business models to create conditions for the large-scale adoption of electric vehicles. For example, more than 20% of Communauto’s fleet consists of electric vehicles. The use of electric vehicles not only reduces carbon emissions but also lowers noise and air pollution. They can also be cheaper to run per mile and reduce dependency on fossil fuels. Al

COVID-19 Impact on EV and EV Infrastructure Market – Global Forecast to 2021

Post COVID-19, the global   electric vehicle and electric vehicle infrastructure market   size is projected to reach 4.18 million units by 2021 from an estimated 3.42 million units in 2020, at a CAGR of 22.1%. The projection for 2021 is expected to be down by 34% as compared to pre-COVID estimation. The growing trend of greener transport is the primary factor responsible for the expected advancements in this market. Electric vehicles, including BEVs, PHEVs, and FCEVs, are expected to play a major role in the future to achieve the emission targets for different countries and de-carbonization of transportation systems around the world. OEMs worldwide are investing heavily in research & testing applications leading to continuous advancements in electric vehicles and charging solutions. On the other hand, factors such as disruptions in the supply chain of components and automobile manufacturing plants are being shut around the world are restraining the growth of the electric vehicle ma

Automotive Acoustic Materials Market Projected to reach $3.5 billion by 2027

  The report  “ Automotive Acoustic Materials Market  by Type (ABS, Fiberglass, PP, PU, PVC & Textile), Component (Arch Liner, Dash, Fender & Floor Insulator, Door, Head & Bonnet Liner, Engine Cover, Trunk Trim, Parcel Tray), ICE & EV, and Region – Forecast to 2027″ , is projected to grow to USD 3.5 billion by 2027 from USD 2.4 billion in 2019, at a CAGR of 4.79%. The introduction of enhanced comfort and safety features is driving the acoustic materials market at a global level. Also, government regulations pertaining to vehicle noise for passenger cars and commercial vehicles would compel OEMs to increase the use of acoustic materials, which would further drive the market for automotive acoustic materials. “Polyurethane and Polypropylene to be the largest segments, by material type” Polyurethane and polypropylene are increasingly gaining importance in the automotive acoustic materials market. Polyurethane and polypropylene materials are thus projected to lead the a

Motor Lamination Market Projected to Reach $18.6 Billion by 2025

  The report  “ Motor Lamination Market  by Application (Performance, Comfort, and Safety), Material, Technology, Motor Type (Power Steering & Window, Adaptive front light, and Other), ICE & Electric Vehicle, and Region – Global Forecast to 2025″ ,The motor lamination market is estimated to be USD 12.6 billion in 2018 and is projected to reach USD 18.6 billion by 2025, at a CAGR of 5.76%. The increasing electric vehicle demand and stringency in emission norms will drive the motor lamination market. Cold rolled non-oriented (CRNO) is estimated to be the largest motor lamination market during the forecast period The core of the lamination is the most important part as it leads to motor strength and performance. The grade of materials to be used are majorly defined by the motor manufacturers or the OEMs. The defined grade depends upon the motor application and performance requirement. The low-grade materials lead to higher eddy current losses. As per industry experts, the laminati

Automatic Tire Inflation System Market Projected to Reach $1,606.8 Million by 2025

  The report  “ Automatic Tire Inflation System Market  by Type (Central & Continuous), Component (ECU, Compressor, & Pressure Sensor), On-Highway Vehicle (PC & CV), Off-Highway Vehicle (Agriculture & Construction), and Region – Global Forecast to 2025″ , The automatic tire inflation system market is estimated to be USD 891.6 million in 2018 and is projected to reach USD 1,606.8 million by 2025, at a CAGR of 8.78%. The automatic tire inflation system efficiently increases tire life, vehicle performance, and safety. This will help grow the automatic tire inflation system market in developed as well as developing regions. Growing focus of governments on safety regulations to reduce road accidents is expected to drive the automatic tire inflation system market. Central tire inflation system is the fastest growing segment of the automatic tire inflation system market, by type Extended tire life, improved productivity, and increased fuel efficiency are the drivers for gr

Exhaust Heat Recovery System Market Witness to reach $64.94 billion by 2025

  The report  “ Exhaust Heat Recovery System Market  by Technology (EGR, Turbocharger, ORC, TEG), Component (EGR Valve & Cooler, Turbine, Compressor, Evaporator, Condenser, TEG Module), Vehicle (PC, LCV, Truck, Bus, Hybrid, OHV) and Region – Global Forecast to 2025″ , The global exhaust heat recovery system market, in terms of value, is expected to grow at a CAGR of 10.38% during the forecast period. The market in 2018 is estimated to be USD 32.54 billion and is projected to reach USD 64.94 billion by 2025. Technologies such as EGR and turbocharger help in achieving reduced emissions and improvement in performance of the vehicle without influencing the vehicle performance. The growth of the exhaust heat recovery system market is influenced by factors such as the increasing production of commercial vehicles where turbochargers and EGR are standard fitments. Even future technology like ORC is expected to get commercialized for commercial vehicles first. In addition to that, due to st

Automotive Wheel Market Projected to Reach $50.54 billion by 2025

  Based on MarketsandMarkets analysis, the  Automotive Wheel Market  is projected to grow at a CAGR of 5.52% from 2017 to 2025. The market for automotive wheels is estimated to be USD 32.87 billion in 2017 and is projected to reach USD 50.54 billion by 2025.The increasing vehicle production and demand for improved vehicle dynamics are the key factors driving the automotive wheel market. Also, the rising demand for fuel efficiency is pushing original equipment manufacturers to switch to lightweight materials. This upcoming trend is supporting the growth of automotive wheels. The growing vehicle production and the rising demand for improved vehicle dynamics are expected to drive the automotive wheel market. The alloy wheel segment is estimated to be the largest segment in the Automotive Wheel Market The alloy wheel is estimated to be the largest segment of the automotive wheel market during the forecast period. The rise in demand for reducing vehicle weight and improved vehicle dynamics

Catalytic Converter Market Projected to Reach $73.1 billion by 2025, at a CAGR of 8.10%

  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

Automotive Diagnostic Scan Tools Market Witness to grow $52.9 billion by 2025

  The Automotive Diagnostic Scan Tools Market is projected to grow at a CAGR of 5.2% during the forecast period, to reach USD 52.9 billion by 2025. Increasing consumer preference for connectivity features in vehicles and the increasing automation in the driving functions have accentuated the need for high-end electronics architecture in the vehicles. The rapid urbanization globally, especially in developing countries, is inflating the demand for commercial vehicles, which provides great potential to the automotive diagnostic scan tools market. The automotive diagnostic scan tools market has witnessed several innovations with increased demand for driver safety and vehicle diagnosis features that enhance the durability of the automobile. With increasing functions of electronics in vehicles, stringent emission standards, and less time taken for diagnosis, the demand for diagnostic tools such as equipment, software, and repair data has witnessed an increasing trend. Automotive diagnosti