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According to Future Market Insights, the global off highway tires market will be valued at US$ 9,405.4 Million in 2023 and will increase at a CAGR of 7.9% from 2023 to 2033. The top 3 countries are predicted to account for 25-30% of the market by the end of 2023.

The study on the global Off Highway Tires Market provides granular assessments of key growth dynamics and opportunities in the market. These include a comprehensive analysis of the regulatory and strategic landscape during the historical period on the global level and across numerous regions.

Future Market Insights offers data-driven insights through the Off Highway Tires Market sizing and projections of various segments—shares and size—during the forecast period. The insights offered in the report are aimed at guiding companies and players to identify new growth avenues, winning imperatives, and untapped regional markets.

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The global Off Highway Tires Market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each Off Highway Tires Market player in a comprehensive way.

Further, the Off Highway Tires Market report emphasizes the adoption pattern of the Off Highway Tires Market across various industries.

Essential Findings of the Off Highway Tires Market Study

• Current and upcoming market trends
• Evaluation of the growth opportunities in different geographical regions
• Assessment of the micro and macro-economic factors that are projected to shape the growth of the Off Highway Tires Market over the forecast period
• Business prospects of prominent market players in the Off Highway Tires Market
• Recent innovations in the Off Highway Tires Market

Regional Market analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K., Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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Interested market participants and readers can peruse the global Off-Highway Tires Market report to get insights into and evaluation of:

• Key growth drivers and restraints, trends and opportunities, and major challenges influencing the adoption rate of offerings by various players in the Off-Highway Tires Market.
• Major research and product development projects
• Promising technologies and favorable regulations in key regions
• Segments that will lose or gain shares in the next few years
• Value chain of key vendors and manufacturers

The report resolves the following queries related to the Off Highway Tires Market:

1. How are market players responding to the surging prices of essential raw materials?
2. What is the key differentiating strategy adopted by market players in the Off-Highway Tires Market?
3. How are market players improving their global presence in the Off-Highway Tires Market?
4. What is the most preferred distribution channel for market players in region 3?

Off Highway Tires Market

Categorization of Off Highway Tires Market Is Done Based On Sales Channel and End-Use

Based on sales channel, off highway tires market is bifurcated into

• Replacement Tires
• OEM

Based on end-use, off highway tires market is bifurcated into

• Industrial
• Agriculture
• Mining
• Construction

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What Sets Future Market Insights Apart?

• One of the fastest-growing market research firms in India
• Reports developed using the latest market research and data analysis techniques
• Seamless delivery of high-quality market research reports for clients across the world
• Data collected from reliable primary and secondary sources
• Round the clock customer support

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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In an upcoming market research study, Future Market Insights (FMI) lays bare undercurrents and opportunities prevailing in the global Automotive Relay market. The report provides in-depth insights on the Automotive Relay market through a detailed analysis of key growth drivers, restraints, trends, challenges, and revenue growth based on historical data. Valuable information and forecast statistics covered in the Automotive Relay market report will help existing and potential new market players to craft long-term strategies as well as maintain business continuity during a crisis.

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COVID-19 Impact Analysis

As with many industries, the recent outbreak of the COVID-19 has adversely affected the global automotive & transportation industry. The Automotive Relay market is no exception. Following government’s measures, particularly social distancing norms and shelter-in-place orders, companies active in the Automotive Relay market have put their production on a halt. Additionally, movement restrictions have created a logistical nightmare for market players, while the lack of ‘essential’ status caused a decline in sales.

The FMI’s report covers an exclusive chapter on the initial COVID-19 impact on the Automotive Relay market. This allows both incumbent companies and new entrants to understand the market scenario during a crisis and helps them make sound decision to gain a distinct competitive edge.

Why Choose Future Market Insights

• Serving domestic and international clients 24/7
• Prompt and efficient customer service
• Data collected from reliable primary and secondary sources
• Highly trained and experienced team of research analysts
• Seamless delivery of tailor-made market research reports

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Automotive Relay Market: Segmentation

To analyze the Automotive Relay market effectively and efficiently, the information has been segregated into key segments and sub-segments.

On the basis of Application, global Automotive Relay market can be segmented into:

• Military and Marine
• Commercial

On the basis of Design, global Automotive Relay market can be segmented into:

• Skirted Automotive Relay
• Captured air bubble Automotive Relay
• Simple plenum chamber Automotive Relay
• Sidewall Automotive Relay
• Peripheral jet Automotive Relay
• Recirculation Automotive Relay
• Trunked annular Automotive Relay

Automotive Relay Market: Competition Analysis

The FMI’s study presents an extensive analysis of global, regional, and country-level players operating in the Automotive Relay market based on their innovative launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Automotive Relay market report.

Automotive Relay Market: Key Participants

• Textron Systems
• ALMAZ Shipbuilding Company
• Aerohod
• Griffon Hoverwork
• AirLift Automotive Relay
• The British Automotive Relay Company
• Neoteic Automotive Relay
• Hovertrans Solutions
• Garden Reach Shipbuilders & Engineers
• Feodosia Shipbuilding Company
• Hovertechnics
• Vanair Automotive Relay

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Crucial Questions Answered in the Report

• Which end-use industry remains the top consumer of Automotive Relay in different regional markets?
• At what rate has the global Automotive Relay market been expanding during the forecast period?
• How will the global Automotive Relay market look like by the end of the forecast period?
• What innovative technologies are the Automotive Relay market players adopting to stay ahead of the pack?
• What are the restraints affecting the growth of the global Automotive Relay market?

Key Offerings of the Report

• Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
• Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
• Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
• Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
• Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Automotive Relay market

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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Research from Future Market Insights predicts that the global electric boats market share will expand at a CAGR of 12.9% over the forecasted time period. The market for electric boats is expected to grow from US$5.65 billion in 2022 to US$19 billion by 2032.

North America Undisputed Leader in the Global Market; Western Europe to Stay Second in Line

Needless to say, North America projects the highest demand and adoption of electric boats, given the thrust on boating as a leisure activity among the American population. Western Europe is the second biggest market in terms of sales of electric boats, again given the increasing preference for recreational boating activities in the region. Markets in the Middle East & Africa and India are yet to be fully tapped and are currently witnessing relatively moderate growth in terms of both demand and sales of electric boats.

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The go-green initiative has catapulted the business models of multiple industries globally and the boating industry is no exception. With traditional gasoline and diesel powered boats significantly increasing pollution levels, the need for alternate sources of energy to propel boats has pushed manufacturers to introduce eco-friendly boats in the global market. Hybrid boats powered by solar energy are fast emerging as an attractive alternative to conventional boats owing to the zero emission factor.

Further, installation of solar panels in boats reduces the weight of the boats considerably, and offers an added advantage of noise reduction. This makes solar powered boats perfect for recreational activities. Manufacturers are innovating to design solar hybrids with increased passenger capacity in keeping with the rising market demand.

Earlier, propulsion systems in boats were powered by lead acid batteries. The use of lead acid batteries in electric boats comes with several disadvantages including added bulk and low battery cycle time. The latest trend is the adoption of lithium ion batteries for power generation in boats. Lithium ion batteries with phosphate technology are the newest trend in the global market. Besides a huge life of 10 times more than lead acid batteries, lithium ion batteries are lightweight, charge faster, have low toxicity levels, and require relatively low maintenance. These batteries can be disposed of in an environmentally friendly manner as compared to lead acid batteries. These properties have shifted boat manufacturers’ preferences towards lithium ion batteries.

Increase in sales revenue of electric boats can be attributed to the following key factors:

• Boost in the global recreational boating industry leading to high demand for boats
• Focus on development of lightweight boats fuelled by electric power
• Adoption of small size boats for purposes of maritime security
• Focus on the reduction of emissions and awareness of the need to reduce environmental pollution

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Key Players

Among the major international and domestic manufacturers profiled in the report are FRAUSCHER BOOTSWERFT GmbH & Co KG, Duffy Electric Boat Company, RAND Boats ApS, Echandia, Lillebror Marine, Vision Marine Technologies, Quadrofoil d.o.o., NAVAL DC B.V., LTSMARINE., Symphony Boat Company, and Ruban Bleu.

Electric Boats Market by Category

By Type:

• Pure Electric
• Hybrid

By Boat Type:

• Small Size
• Medium Size
• Large Size

By Battery Type:

• Lead Acid
• Lithium Ion
• Nickel based batteries

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By Power Output:

• Below 5KW
• Between 5KE to 30KW
• Above 30KW

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Recommendations for Key Players

Vendors in the global electric boats market need to focus on introducing newer hybrid models that can propel on diesel / petrol as well as electric systems in keeping with the surge in consumer demand. Focussing on certain key markets in developing economies can prove to be beneficial in the long run, given that the populace in these regions is growing financially and is looking for more water based recreational activities. Boating as a leisure activity is fast gaining traction and manufacturers would do well to expand their distribution network in fast growing economies of the SEA & Pacific and countries such as China.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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As per Future Market Insights, the United States hybrid vehicles market is expected to surpass revenues worth US$ 36.5 Billion by the end of 2022.

Infrastructure development in tandem with the rise of electric vehicle use is crucial to ensuring driver convenience and boosting trust and awareness among prospective drivers. Additionally, the growing demand for sports and luxury cars in the USA would force businesses to implement cutting-edge technology.

The automotive industry in the USA is developed, and technologically sophisticated and expensive goods are widely used. Since the adoption of electric vehicles raises the demand for charging infrastructure in a variety of settings, including homes, workplaces, and public places, the United States government is assisting development in the hybrid vehicle market by investing in the construction industry.

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The global hybrid vehicles market is expected to create a lucrative growth opportunity over the estimation period from 2022 to 2032 by registering a CAGR of 21.6%. The market is anticipated to be valued at US$ 192.7 Billion in 2022 and is expected to reach a valuation of US$ 1,362.3 Billion by 2032.

According to the historical analysis ranging from 2015 to 2021, the hybrid vehicles market exhibited growth at a robust CAGR of 11.4% and is projected to accelerate during the current estimation period at a phenomenal CAGR of 21.6% throughout the forecast period. This surging year-on-year growth in 2022 is expected to bolster even further as governments from all over the world are rapidly taking initiatives to reduce carbon footprints in the transportation sector.

The widespread adoption of luxury vehicles combined with the enforcement of severe emission-related regulations and high demand for electric vehicles are all contributing to the expansion of the hybrid vehicles market. The hybrid vehicle market is predicted to hold around 25% to 30% of the global electric vehicles market. The growing trend of plug-in hybrid vehicles is expected to push sales in the global hybrid vehicles market in the next decade.

Key Takeaways

• The global hybrid vehicles market is witnessing fast-paced growth due to significant demand for electric mobility, increasing fuel prices, and stringent regulations framed by governments in various regions. Besides this, electric vehicles are known for their fuel efficiency and generate lesser noise than conventional vehicles. Owing to the attractive incentives and subsidies offered by government authorities in order to support sales of hybrid vehicles, their demand is expected to enhance during the forecast period.
• Owing to the rising per capita income and disposable income across the globe, the demand for passenger cars and personal vehicles is surging with each passing day. With a surging fleet of automotive vehicles, the rate of carbon emissions is also on a rise. Due to surging fuel prices and rising awareness regarding global warming, the demand for substitute vehicles is growing at a rapid pace.
• Hybrid vehicles are known to offer better fuel efficiency and have less carbon emission rates, and the demand for hybrid electric vehicles is surging across the globe. Several manufacturers are also paying more attention to the development and introduction of multiple models of hybrid vehicles in order to support the expansion of electro-mobility solutions.
• A reasonable increase is witnessed in the sales of SUVs, luxury, and sports models. Customers are not just searching for performance, but they want their vehicles to be fully equipped with advanced technologies. Owing to the surging number of awareness campaigns held by government and private agencies in order to promote electric mobility, consumers all over the world are demanding electric vehicles.
• Attributing the higher practical benefits of plug-in hybrid vehicles are responsible for their immense popularity, in comparison to hybrid and pure electric vehicles. Customers of this type of vehicle tend to suffer from low-range anxiety as the internal combustion engine acts as a backup power source when the batteries run out of charge. In addition to that, the batteries of these vehicles are able to be charged by both internal combustion engines and an external source with the help of a plug. Owing to these aforementioned factors, the demand for plug-in hybrid vehicles is increasing across the globe.

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Competitive Landscape

Over the last few years, there has been a surging number of acquisitions and growth strategies in order to increase the development & production of hybrid vehicles. Several major firms are meticulously working on innovations and new technological developments. Some of the growth strategies used by key firms include contracts & agreements, new product developments, and partnerships to strengthen their market positions.

Key Companies Profiled:

Tilley Inflatable Design & Engineering LTD, Ford Motor Company, General Motors Company, Honda Motor Co., Ltd., Daimler AG, Volkswagen AG, Renault SAS, Toyota Motor Corporation, Nissan Motor Corporation, Mitsubishi Motor Corporation, Hyundai Motor Company, Bayerische Motoren Werke AG (BMW).

Key Segments Covered in Hybrid Vehicles Market Analysis

By Product Type:

• Hybrid Vehicles
• Plug-in Hybrid Vehicles

By Vehicle Type:

• Passenger Car
• LCV
• HCV

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By Engine Type:

• Gasoline Electric
• Diesel Electric

By Powertrain Configuration:

• Parallel Hybrid
• Series Hybrid
• Power Split Hybrid

More Insights into the Hybrid Vehicles Market

The U.S. is expected to dominate the automotive market and incorporates high penetration of technologically advanced and high-cost products. The U.S. government is supporting growth in the hybrid vehicles market by investing in the construction sector since the adoption of electric vehicles increases the demand for charging infrastructure in a variety of settings, including homes, workplaces, and public places. As per FMI, the U.S. hybrid vehicles market is expected to surpass revenues worth US$ 36.5 Bn by the end of 2022.

The hybrid vehicle market in Japan is expected to be valued at about US$ 8,633.9 Mn in 2022. As per Japanese consumers, hybrid vehicles are known to be dependable, safe, and simple to use. They are also willing to pay a premium price as they believe these vehicles offer good value.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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Over the forecast period of 2022 to 2032, sales in the global bicycle components aftermarket are expected to grow at a CAGR of 6.9%, to reach a valuation of US$ 28.3 Billion by the end of 2032. Rising bicycle fleet across the globe is expected to be the key driving factor for the demand for bicycle components.

Bicycle components are the individual parts that make up a bicycle, including the frame, wheels, drivetrain, brakes, and other accessories. The demand for bicycle components is expected to increase in the future due to several factors. Some of these factors include:

1. Growing interest in cycling: As more people become interested in cycling as a form of transportation or exercise, the demand for high-quality bicycle components is likely to increase. This trend is expected to be particularly strong in urban areas where cycling infrastructure is improving.
2. Increased focus on sustainability: With a growing focus on sustainability and reducing carbon emissions, many people are turning to cycling as a more eco-friendly mode of transportation. As a result, the demand for high-quality, long-lasting bicycle components is likely to increase.
3. Advancements in technology: As new materials and manufacturing techniques are developed, bicycle components are becoming lighter, stronger, and more efficient. This is likely to drive demand for these components as cyclists seek to upgrade their bikes with the latest technology.

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“Increasing demand for electric bicycles, along with rising deployment of bicycle fleet across public entertainment infrastructures such as amusement parks, resorts and adventure parks will augment sales in the market,” says an FMI analyst.

Key Takeaways:

• Based on bicycle type, the electric bicycle segment will create an absolute dollar opportunity worth US$ 4.9 Billion.
• Sales of bicycle components from department sales are expected to account for 1/3^rd of overall aftermarket sales.
• In terms of component, the road groupsets segment is anticipated to hold more than half of the total market share.
• The U.S. is expected to dominate the North America bicycle component aftermarket, with demand growing at a 4% CAGR over the forecast period.
• Sales in the China market will hold 2/3^rd of the East Asia bicycle component aftermarket share.
• Demand in the India bicycle components aftermarket will grow at a 7.2% CAGR over the forecast period.

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Drivers

• Growing bicycle sales due to growing awareness about environment is boosting the sales of bicycle components aftermarket.
• Escalating oil prices as well as rising focus on conserving natural resources is positively impact the market growth.
• Increasing preference for green transportation is complimenting the sales over the forecast period.
• Progressions in material technology is anticipated to bolster market demand.

Restraints

• Availability of counterfeit products in the market might impact the market growth.
• The bicycle market has been severely impacted due to the pandemic ensuing in decrease in demand for bicycle components aftermarket.

Competitive Landscape

The global bicycle components aftermarket is moderately consolidated. The organized companies hold over 35% of the overall market share even though there are several small players existent in the market.

Major companies identified in the global market are Dorel Industries Inc., Accell Group N.V., Shimano Inc., SRAM LLC, Hero Cycles Limited, Campagnolo S.R.L., Merida Industry Co., Ltd., Specialized Bicycle Components, Rohloff AG, Giant Manufacturing Inc., and Avon Cycles Ltd. are some of the leading manufacturers operating in the global bicycle components aftermarket.

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Key Segments Covered in Bicycle Components Aftermarket Industry Analysis

By Component Type:

• Derailleurs
• Road Groupsets
• Suspensions
• Wheel Sets
• Brakes
  • Hydraulic
  • Mechanical

• Caliper Type
• Gears
• Others (Bottom Brackets etc.)

By Sales Channel:

• Specialty Bicycle Retailers
• Discount Stores
• Department Stores
• Full-line Sporting Goods Stores
• Outdoor Specialty Stores
• Other Sales Channel

By Bicycle Type:

• Mountain Bike
• Hybrid/Cross
• Road
• Comfort
• Youth
• Cruiser
• Recumbent/Tandem
• Electric
• Folding

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East & Africa

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs