As per a Future Market Insight (FMI) analysis, the automotive body in white demand is expected to rise at a year-on-year (YoY) growth of 3.1%, reaching US$ 59.7 billion in 2021. The increasing demand for passenger vehicles will drive the automotive body in white sales at 3.4% CAGR over the forecast period from 2021 to 2031. Automotive body in white …
Category Archives: Press Release
Railway Bearing Market will grow in value at a CAGR of 5.7% between 2020 and 2030 | Key Top Players- Timken Company, JTEKT Corporation, Amsted Rail Company
Future Market Insights (FMI) projects that the global railway bearings market will grow in value at a CAGR of 5.7% between 2020 and 2030. According to the study, as governments invest significantly to improve railway infrastructure, demand for locomotive components, including railway bearings is likely to grow. Moreover, the availability of a wide range of railway bearings …
Automotive Coolant Aftermarket is projected to exhibit CAGR of 4.0% through the forecast period 2020-2030
Future Market Insights, an ESOMAR-certified market research firm, in its incisive market study on the global automotive coolant aftermarket opines a 4% CAGR through 2030. The development of advanced coolant solutions, with non-polluting properties and extended service life are helping in reduction of maintenance costs. This will remain a key imperative, boosting market prospects over the forecast …
Automotive Interior Ambient Lighting Systems Market is expected to grow at a CAGR of ~6% during the forecast period of 2019-2029, was ~US$ 3 Bn In 2018
Future Market Insights (FMI), in its recently published report, suggests that the sales of automotive interior ambient lighting systems reached ~2.7 million units in 2018, equating the revenues worth US$ 28 Bn. As fuel efficiency, low emission, and high performance can no longer suffice the evolving vehicle selection criteria of consumers, automakers continue to face pressure of …
Lightweight Compact Wheel Loader Market are projected to total US$ 1.64 Bn by 2022, exhibiting growth at 2.7% CAGR over the forecast period 2022-2030
The global lightweight compact wheel loader market is estimated to expand at a sluggish pace, reaching the valuation of US$ 2.03 Bn in 2030. Lightweight compact wheel loaders are emerging as preferred equipment on job sites for many projects, a regular-sized wheel loader may be very large for the worksite. In these cases, lightweight compact wheel loaders …
Automotive Variable Oil Pump Market Expanding at a healthy 2.9% CAGR, the market size is projected to total US$ 10.6 Bn by 2030 | Continental AG, KSPG AG, Denso Corporation, and Robert Bosch GmbH
Nowadays, automotive engines require excessively large oil flow, especially at low engine speed, since conventional unregulated pumps lead to substantial losses at higher speed, as the pump’s output depends on engine speed. For effective automotive piston cooling and lubrication, automotive variable oil pumps precisely provide the correct quantity of oil in all conditions, and also help reduce …
Two Wheeler Lead Acid Batteries Market to reach a valuation of more than US$ 7 Bn by the end of 2029 | Tianneng Battery Group Co., Ltd., GS Yuasa, and Chaowei Power Holdings Limited
Two wheeler batteries are installed in both, IC engine-propelled as well as in electric two wheelers, to operate the electric parts of the vehicle. In electric two wheelers, batteries are used to power the engine and transmission of the vehicle. Rising demand for two wheelers, including electric two wheelers, sports bikes, and cruiser bikes, is …
Mechanical Performance Tuning Components Market is projected to exhibit a moderate CAGR of around 4% over the period of 2019-2029 | Zf, Continental AG, Hitachi, Delphi, and Robert Bosch GmbH
The global automotive aftermarket industry is expected to witness a shift towards proprietary channels and partnerships, via e-Commerce platforms in particular. The automotive aftermarket scenario indicates that, currently, around half of the revenue comes from wear and tear parts, which include mechanical performance tuning components such as fuel pumps, fuel injectors, brake shoes, and suspension …
Automotive Hardware Market is projected to reach a market value in excess of US$ 100 Bn by 2029 end | Magna International Inc., Aisin Seiki Co Ltd, Mitsui Mining and Smelting Co Ltd, Nissin Kogyo Co Ltd
Escalating sales of commercial vehicles are identified to remain among the key factor bolstering sales of automotive hardware at a global level. The global automotive hardware market is projected to reach a market value in excess of US$ 100 Bn by 2029 end, with growth anticipated at a moderate CAGR during the forecast period (2019 – 2029). …
Automatic Tire Inflation System Market is forecast to expand at over 5% CAGR through 2031 | Dana Incorporated, EnPro Industries, Inc., Nexter Group
The automatic tire inflation system industry has been exhibiting steady growth since the past decade owing to the rise in requirement in utility vehicles, tractors, and heavy commercial vehicles (HCV). While the outbreak of the COVID-19 pandemic took a toll on the industry output due to the decline in automotive sector, the recovery has started …