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Showing posts from June, 2022

Automotive Heat Shield Market Projected to reach $13.9 billion by 2025

  The global   automotive heat shield market   is projected to reach USD 13.9 billion by 2025 from USD 11.7 billion in 2020, at a CAGR of 3.4% during the forecast period. Automotive heat shields are used at various locations within a vehicle to protect the vehicle body and components from excessive heat generated by the engine and exhaust systems. These exhaust gases can reach temperatures up to 900 degrees. Technological advancements have made automotive heat shields safer and more effective over the past few years. The materials used in automotive heat shield fabrication include aluminum, nylon, and ceramic. Browse 236 market data Tables and 66 Figures spread through 236 Pages and in-depth TOC on  “Automotive Heat Shield Market by Application (Engine, Exhaust, Under Bonnet, Under Chassis, Turbocharger), Product (Single Shell, Double Shell, Sandwich), Function (Acoustic, Non-Acoustic), Material, Vehicle Type, EV, and Region – Global Forecast to 2025” Due to the increasing number of au

Electric Vehicle Range Extender Market Growth Factors, Opportunities, Ongoing Trends and Key Players 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

Mobility as a Service Market: Huge Growth Opportunities by 2030

  The report “ Mobility as a Service Market  by Service (Ride-Hailing, Car Sharing, Micro Mobility, Bus Sharing, Train), Solution, Application, Transportation, Vehicle, Operating System, Business Model, Propulsion & Region – Forecast to 2030″, 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 the Mobility as a Service Market is influenced by factors such as increasing smart city initiatives, growing adoption of on-demand mobility services, need to reduce CO2 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. Browse 271 market data Tables 47 Figures 214 Pages and in-depth TOC on  “Mobility as a Service Market” Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=78519888 Ride hailing segment estimated to lead Mobility as a Service Market d

Automotive Lightweight Material Market worth $99.3 billion by 2025

  The report  " Automotive Lightweight Material Market  by Material (Metal, Composite, Plastic, Elastomer), Application & Component (Frame, Engine, Exhaust, Transmission, Closure, Interior), Vehicle Type (ICE, Electric & Hybrid), Region - Global Forecast to 2025 " , post COVID-19 is estimated to grow from USD 69.7 billion in 2020 to USD 99.3 billion by 2025, at a CAGR of 7.3% during the forecast period. The increasing demand for lightweight materials is driven by the rising usage of electric vehicles and stringent emission norms. Several OEMs have set individual targets for CO2 reductions in the coming years. “Metals to be the largest segment, By Material Type ” Metals is estimated to be the largest segment in the automotive lightweight material market. Aluminum has the highest demand among metals, followed by HSS. The use of lightweight materials such as aluminum and HSS is higher in developed regions such as Europe and North America compared to developing region

Fuel Cell Powertrain Market to Reap Excessive Revenues by 2025

  The global Fuel Cell Powertrain Market size is projected to grow from USD   268 million in 2020 to USD   3,797 million by 2025, at a CAGR of 70.0%. Increasing government initiatives for the development of hydrogen infrastructure and rapid technological changes in the automotive industry for fuel efficient systems are likely to boost the Fuel Cell Powertrain Market.   The key factor that is expected to rise the adoption of fuel cell vehicles is increasing investing in alternative sources of energy, such as fuel cells by goverments worldwide. Along with the development of fuel cell technology, it is important to create a robust infrastructure that can cater to the needs of hydrogen-powered transportation. In addition to this factor, FCEVs offer a high driving range, fast refueling, noiseless operation, and zero emission of greenhouse gases and air pollutants. Hence, their use is ideal for transportation and automotive applications. The key components of fuel cell powertrain are des

Automated Parking System Market Projected to reach $3.6 billion by 2027

  The   Automated Parking System Market   is estimated to be USD 1.3 billion in 2019 and is projected to grow at a CAGR of 13.1% from 2019 to 2027, to reach a market size of USD 3.6 billion by 2027. The key drivers for the market are the increasing number of vehicles, scarcity of land for parking, rising urbanization, growing demand for green & sustainable parking solutions, increasing demand for luxury buildings, and smart cities initiatives from the government. Market Dynamics Driver: Demand for green and sustainable parking solutions The increasing volume of emission in the automotive industry is one of the key factors responsible for global warming and climate change. Automotive emission contributes a significant share of the total emission in key automotive markets such as China, India, and the US. Many government bodies are taking several initiatives to control automotive emission. For instance, in 2009, the European Union and the G8 nations announced a plan to reduce CO2 emi

Electric Off-highway Vehicle Market Size, Industry Overview & Growth – 2025

  The  Electric Off-highway Vehicle Market  is projected to reach USD 17.5 Billion by 2025 from USD 6.3 Billion in 2020, at a CAGR of 22.8% during the forecast period. The growth of this market is primarily driven by the increasing demand to minimize equipment emissions, ventilation costs in underground mining and the preference for the low noise & emission-free construction machines in residential areas.  The growth of the global electric off-highway vehicle market is drive by factors such as aggressive step toward minimizing emissions and ventilation costs by using an electric dump truck and electric LHD in underground mining and rising demand for low noise and emission-free construction machines such as electric excavators, electric loaders and electric dozers in residential areas and demand to improve efficiency and productivity by accelerating gardening and agriculture mechanization with the help of electric tractors and electric lawnmowers. Therefore, the electric off-highway

EV Test Equipment Market – Emerging Nations to Offer New Growth Avenues

  The global   EV test equipment market   size is projected to grow from USD 79 million in 2022 to USD 242 million by 2027, at a CAGR of 25.2%. Factors 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 increasing demand for alternative fuel vehicles has increased the growth of the market for electric vehicles. To reduce crude oil consumption, automotive emissions, and air pollution, governments around the world have adopted and implemented favourable policies which promote the use of electric vehicles. The increasing demand for electric vehicles is expected to fuel the growth of the market for electric vehicle testing equipment and related components Due to the increasing focus on the development of innovative battery technologie

Car Care Products Market Extrapolated to Reach $5.5 billion by 2027

  The global   Car Care Products Market   is projected to grow at a CAGR of 4.7% during the forecast period, from an estimated USD 4.2 billion in 2021 to USD 5.5 billion by 2027. Car care products are high-quality chemicals used for better shine, gloss, and longevity of vehicles. Increase in sale of used cars, use of e-commerce platforms by leading players to increase customer base are expected to offer promising future growth of the market for car care products. Used cars are also referred to as pre-owned cars that had one or more retail owners in the past. The used car market is served by unorganized players that include individuals, not organizations, and various organized players such as Alibaba Group, eBay, Sun Toyota, Cars24 Services Pvt. Ltd., and OLX Autos by OLX Group. The demand for used cars has experienced a significant rise due to consumer focus on high-quality vehicles available at affordable prices. The outbreak of COVID-19 resulted in disruptions in the supply chain and

Automotive Piston Market: Business Opportunities and Global Industry Analysis

  The global   Automotive Piston Market   size is projected to grow to USD 2.2 billion by 2025 from USD 1.9 billion in 2020, at a CAGR of 3.5%. Demand for high-pressure GDI pistons, lightweight piston components, and passenger car gasoline engines would drive the global automotive piston industry.  With the engine downsizing and turbocharging, the popularity of gasoline direct injection (GDI) is increasing. GDI is being considered as one of the key components for fulfilling future emission standards. Therefore, with GDI becoming popular, the demand for high-pressure GDI pistons is expected in the automotive piston market. Globally the automotive industry is driven by legislation to reduce emissions & increase fuel efficiency. With decreased limits of pollutants in upcoming emission regulations, OEMs are working on vehicle light-weighting. In this regard, a shift from iron engine blocks to aluminum engine blocks is one of the approaches being adopted. Owing to their lightweight, bet

Automotive Test Equipment Market – Growth, Trends, and Forecast (2020 – 2025)

  The global  Automotive Test Equipment Market  size is expected to show growth at a CAGR of 4.1% from USD 3.0 billion in 2020 to reach USD 3.7 billion by 2025. The automotive industry has witnessed a rapid evolution with continuous developments in engineering and technology. Technological advancements and the advent of disruptive trends such as connected, autonomous, and electric vehicles have proliferated the demand for electronics in vehicles. As a result, the demand for high-level testing is hugely required for the overall safety of these vehicles. Increasing vehicle production and stringent government regulations pertaining to vehicle testing are anticipated to boost the automotive test equipment market. Moreover, the major factors driving this growth are increasing vehicle production and rising electronic architecture in modern vehicles. In April 2020, Vector Informatik GmbH had launched Vector Remote D-PDU API, which is capable of Vehicle Diagnostics on the Other Side of the Wor

Automotive Smart Display Market Outlook 2022: Top Players Robert Bosch GmbH (Germany), Continental AG (Germany), DENSO Corporation (Japan)

  The global  automotive smart display market   is projected to reach USD 10.9 billion by 2025 from USD 7.2 billion in 2020, at a CAGR of 8.8% during the forecast period. Technological advancements in current generation automotive cockpit electronics along with increasing trend of connected and autonomous vehicles are further expected to drive the automotive smart display market. Overall, the changing preferences of buyers, improved standards of living, and enhanced infrastructure are also expected to drive the growth of the automotive smart display market. HUD segment, by application, is estimated to be the fastest growing automotive smart display market during the forecast period. The COVID-19 pandemic has resulted in halted production and plunging sales and has forced the key players in the global automotive field to rethink their strategies. Rescheduling the launch of models and projects, stabilizing dealer networks, managing cash carefully, and reviewing investment portfolios have