Market Research Blog

The global car battery chargers market is projected to reach a value of US$ 40.69 Bn by 2032, with sales growing at a healthy CAGR of 7.0% from the forecast period of 2022 to 2032. Scaling up from an estimated US$ 20.73 Bn in 2022, the car battery chargers market is fueled by the elevated demand for hybrid electric vehicles as well as the overall surge in the production of electric and hybrid vehicles.

Stringent regulatory conditions coupled with high automotive standards related to hybrid and electric vehicles have an effect on the demand for car battery chargers. Progress in the automotive industry and increasing investment in the in-car charger manufacturing businesses are also anticipated to have a major influence on the car battery charger market in the upcoming years. In addition to all this, the constant swell in the manufacturing and sales of battery-operated electronic devices and equipment as well as the introduction of novel, enhanced, and efficient battery technologies aid in the expansion of the car battery chargers market.

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Furthermore, owing to its application in diverse sectors like the consumer electronics, automotive, telecommunications, industrial, and information technology, the demand for car battery chargers is expected to scale new heights. Rigid emission control regulations, regular air filter replacement for IC-based engines, and affordable maintenance and operating expenses in comparison to traditional IC engine-based cars will likely propel the market growth for car battery chargers. The growth and development of the electronics sector is one of the primary market drivers for car battery chargers. With rising demand for electronic vehicles and related gadgets, the demand and sales of car battery chargers is also expected to grow during 2022 to 2032.

“Expanding electronics and automotive sectors will likely drive the market growth of the car battery chargers over the forecast period,” says an FMI analyst.  

Key Takeaways:

• Application in various industry verticals to stimulate market growth.
• Portable chargers segment will likely account for the largest revenue share, registering a 6.9% CAGR over the forecast period.
• In terms of charging type, automatic charging will dominate the market.
• The Asia Pacific region will register the fastest CAGR growth in the car battery chargers market.
• Strong presence of manufacturers to drive market growth in North America.

Competitive Landscape 

CTEK Holding AB, Delphi Automotive, Schumacher Electric Corporation, Clore Automotive LLC, Baccus Global LLC, Robert Bosch GmbH, Current Ways Inc, AeroVironment, Inc., and IES Synergy and Chargemaster Plc among others are some of the major players in the car battery chargers market profiled in the full version of the report.

Major market players are focusing on technical collaborations to expand and grow their business. Constant product innovation and development is another strategy deployed by these enterprises to gain a competitive edge.

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More Insights into Car Battery Chargers Market Report

In its latest report, FMI offers an unbiased analysis of the global car battery chargers market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of –

Key segments

By Charging Type:

• Manual Charging
• Automatic Charging

By Charger Type:

• Smart/Intelligent Charger
• Float Charger
• Trickle Charger

By Portability:

• Plug-In Charger
• Portable Charger

By Battery Capacity:

• Up to 12V
• 12V-48V
• Above 48V

By Product Type:

• Car Battery Charger
• Electric Car Battery Charger

By Application:

• Garage
• Personal Use

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Japan
• Middle East & Africa (MEA)

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According to the latest FMI reports, based on region, car battery chargers market in the Asia Pacific region is predicted to show significant growth over the forecast period. China and Japan are the main growth drivers of the region. Presence of several market players and growing government investment in infrastructure for automotive chargers is expected to drive the regional market growth. North America is also expected to undergo notable market growth during this period. Heightened need for car battery chargers from various industries and a strong presence of manufacturers and consumers propels market growth in this region.

Based on segmentation, on the basis of portability, the portable chargers segment is anticipated to lead the market growth with a 6.9% CAGR. The automatic charging segment, too, will likely dominate the global market space during 2022-2032.

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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
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The main cause of myocardial infarction, often known as a heart attack, is coronary artery disease, which results in a decreased blood flow to the heart muscles.

Around 17.3 million people worldwide pass away from heart disease each year, with myocardial infarction being the main cause of death, according to the American Heart Association (AHA). According to the British Heart Foundation, coronary heart disease was to blame for 73,680 deaths in the UK in 2012.

If the patient has immediate access to care, the mortality rate from acute myocardial infarction can be reduced.

The market for cardiovascular treatments worldwide brought in 170 billion dollars in 2010 and is predicted to grow significantly between 2016 and 2026.

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Zorprin, Plavix, Angiomax, and a host of other medications are all available for the treatment of acute myocardial infarction with various indications.

Myocardial Infarction Therapeutics Market: Drivers and Restraints

Increasing incidence of coronary artery disease and changes in lifestyle are the major factors expected to drive the growth of global myocardial infarction therapeutics market.

Increasing number of smokers, increasing incidence of obesity and blood pressures, lack of exercise can be some other reasons likely to flourish the global myocardial infarction therapeutics market over the forecast period of 2016-2026.

WHO findings show that the death rate due to cardiovascular diseases is more in smokers than that in non-smokers. Whereas, saturation in R&D can be the major restraint for the growth of global myocardial infarction therapeutics market.

Myocardial Infarction Therapeutics Market: Overview

Analgesics and antiplatelet agents’ segments are foreseen to hold more share in global myocardial infarction therapeutics market as these agents are used for initial treatment of an acute myocardial infarction.

Amongst sales channels, hospital pharmacy segment is expected to contribute more into global myocardial infarction therapeutics market.

The global myocardial infarction therapeutics market is foreseen to experience the boost in market volume over the forecast period due to the launch of several new products such as Apixaban, Xarelto and introduction of generic drugs after expiration of patents for Crestor and Benicar.

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Myocardial Infarction Therapeutics Market: Regional Overview

Geographically, the global myocardial infarction terapeutic market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa.

North America will continue to take leading position in global myocardial infarction therapeutic market owing to expanding aging population and prevalence of co-morbidities.

The expiry of blockbuster drugs in European market is likely to deter the segment share in global myocardial infarction therapeutics market. Japan is expected to experience the stagnancy in global myocardial infarction therapeutics market, in part due to saturation in R&D.

Myocardial Infarction Therapeutics Market: Key Players

Some of the key players in global myocardial infarction therapeutics market are Novartis N.V., Daiichi Sankyo Company Limited, Bristol-Myers Squibb Company, Boehringer Ingelheim GmbH, AstraZeneca, Apotex Inc., Sandoz, Par Pharmaceutical Companies, Inc., Mylan N.V., Pfizer Inc.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
• Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
• Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

The report also maps the qualitative impact of various market factors on market segments and geographies.

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Myocardial Infarction Therapeutics Market: Segmentation

The global myocardial infarction therapeutics market has been classified on the basis product type, distribution channel and geography.

Based on product type, the global myocardial infarction therapeutics market is divided into following:

• Analgesics
• Antiplatelet agents
• Vasodilators
• Thrombolytics and anti-thrombotic agents
• Glycoprotein IIb/IIIa inhibitors
• Β adrenergic blockers
• Angiotensin receptor antagonists
• Angiotensin converting enzyme inhibitors

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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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A new study conducted by Future Market Insights (FMI) reveals that demand for automotive brake system and components will be driven by innovation in automotive ingenuity over the next couple of years. Electronics has over time evolved as the most crucial part in automotive. Integration of electronics has provided new growth dimensions to the automotive safety system. With the arrival of advanced electronic brake technology, companies are now looking forward to channelizing resource on further research and product development. The automation sector is always under the radar of regulatory authorities and is required to comply with various rules that are incessantly enforced in the interest of both passenger safety and environmental preservation.

The global automotive brake system & components market is set to be valued at US$ 66,414.8 Mn in 2022 and is projected to grow at a CAGR of 4.7% from 2022 to 2032. The automotive brake system & components market is expected to reach a valuation of US$ 105,131.2 Mn by 2032.

Automotive brake system & components are emerging as a significant auto part for automobile safety. These are considered to be important components that can reduce the speed of the vehicle or stop the vehicle altogether. Hence, growth of the automotive sector is expected to create healthy opportunities for companies present in the automotive brake system & components market. In addition, increasing vehicle parc would lead to growth in the automotive brake system & components market.

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Additional Highlights of the Report Include:

• On the basis of sales channel, aftermarket sales are expected to account for 51.1% value share of the market in 2017, which is expected to increase to around 54.3% by 2027.

• Among vehicle type, demand for brake components in passenger cars is expected to remain robust throughout the forecast period. Passenger cars are expected to account for nearly 73.9% value share of the market over 2027.

• The disc brake is expected to emerge as the most preferred brake type and is expected to witness a considerable rise in its demand during the forecast period.

• The growth of high-performance cars and requirement for better friction materials to meet vehicle braking standards are observed as two of the major factors responsible for the market’s growth.

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Market Segmentation

By Sales Channel

• OEM
  • Drum Brake
  • Disc Brake
• Aftermarket
  • Brake Booster
  • Master Cylinder
  • Drum Brake
    • Drum
    • Brake Shoe
    • Wheel Cylinder
• Disc Brake
  • Rotor
  • Caliper
  • Brake Pad

By Vehicle Type

• Passenger Car
• LCV
• HCV

By Region

• North America
• Latin America
• Eastern Europe
• Western Europe
• APEJ
• Japan
• MEA

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Amongst regions, North America and Western Europe are currently exhibiting significant market potentials owing to the existence of well-established automobile manufacturers in these regions. Meanwhile, the market in Asia Pacific excluding Japan (APEJ) continues to expand at an impressive rate, which is attributed to the emergence of countries such as China and India as major manufacturing hubs.

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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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The teleradiology market demand is projected to register a CAGR of 15.3% during the forecast period, up from US$ 7.3 Bn in 2021 to reach a valuation of US$ 14.8 Bn by 2026.

Sales of teleradiology are expected to rise as several industry players are increasingly adopting cloud-based solutions to provide secure distribution of full-fidelity medical diagnostics images and offer real-time access to multiple radiologists or medical personnel at the same time.

In addition, the demand for teleradiology is rising due to the growing radiology procedures, such as MRI, CT, and X-ray, in remote locations to receive specialist therapy.

An increasing number of medical imaging procedures undertaken to address the rising prevalence of diseases such as cancer, cellulitis, arthritis, osteomyelitis, and others across the globe is also forecasted to contribute to the growth of the teleradiology market share.

The report sheds light on the factors improving the sales of teleradiology and, in turn, the opportunities for the market players. However, the teleradiology market also faces some challenges, limiting the market share from reaching its potential.

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Some of the key teleradiology market trends promoting the demand for teleradiology include increasing research and development activities about eHealth, which are estimated to propel the teleradiology solutions over the assessment period.

What are the Key Contributors to the Teleradiology Market Share?

The introduction of reverse digital imaging and communication of medicine (DICOM) report delivery, automated query retrieve, monitoring, and automated uptime in the healthcare sector and increased investments in research and development (R&D) activities for innovating advanced teleradiology technologies to improve workflow efficiency, are all contributing to

The increasing demand for teleradiology systems across the hospitals and medical institutions in rural areas is one of the key market trends prevailing in the teleradiology market in recent times.

However, increasing cases of a data breach of imaging reports, decline in reimbursements, and rising regulatory burden in several countries are hampering the sales of teleradiology to an extent.

Nevertheless, the rising elderly population and an increasing number of imaging procedures are expected to propel sales of teleradiology solutions.sales of teleradiology.

However, the demand for teleradiology is hampered by the lack of internet networks and a scarcity of competent radiologists. Furthermore, ongoing improvements in medical diagnostic technologies are projected to create profitable prospects for the teleradiology market to expand in the near future.

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Which is the Leading Region in the Teleradiology Market?

Geographically, the North American teleradiology market dominates the sales of teleradiology and is expected to develop even more over the forecast period, owing to the rising incidence of chronic illnesses and multi-speciality healthcare facilities in the United States and Canada.

The Asia Pacific market accounts for a considerable portion of worldwide revenue. Due to the vast patient base, quickly expanding healthcare sector owing to technological improvements, and increasing economies of emerging nations such as India and China, the demand for teleradiology in the region is expected to grow at the highest CAGR over the forecast period.

Due to its quickly expanding healthcare infrastructure and rising need for novel and sophisticated medical platforms, Asia Pacific is expected to be the fastest-growing region in the sales of teleradiology.

Furthermore, the demand for teleradiology is fueled by the large base of the target population, increased government efforts, and smart worldwide expansions conducted by major competitors.

Who are the Key Players in the Teleradiology Market?

Key players in the teleradiology market are focusing on developing novel products using advanced technologies and receiving approvals from regulatory bodies for product launches.

The top 7 players in the sales of teleradiology market landscape are anticipated to account for a substantial share of the market over the next ten years.

To increase their demand for teleradiology positions, industry players release additional features and increase their product line.

The sales of teleradiology are dominated by a few prominent players named Teleradiology Solutions, Argus Radiology, SRL Diagnostics, USARAD Holdings Inc., Vital Radiology Services, and Telemedicine Clinic.

Organizations are also adopting other expansion strategies such as collaborations, acquisitions, mergers, and partnerships with other industry players to demand for teleradiology lead position.

• In September 2020, Radiology Partners announced acquiring a healthcare solution company based in America named, MEDNAX, Inc. The acquisition will assist the company in becoming one of the biggest providers of comprehensive teleradiology and radiology services in the U.S.
• In August 2018, REAL Radiology, LLC, an America-based teleradiology services provider, announced a complete acquisition of a provider of 24/7 teleradiology services named Argus Radiology Consultants, LLC. The strategy will help REAL Radiology, LLC strengthens its market footprint.

The report consists of key players contributing to the teleradiology market share. It also consists of organic and inorganic growth strategies adopted by market players to improve their market positions. This exclusive report analyses the competitive landscape and teleradiology market share acquired by players to strengthen their market position.

Scope of Report

Growth Rate

CAGR of 15.3% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

• Modality

Key Companies Profiled

• Cerner Corporation,
• Siemens Healthineers
• McKesson Corporation
• Agfa Healthcare
• MEDNAX Services, Inc.
• ONRAD Inc.
• Novarad Corporation
• TeleDiagnostic Solutions Pvt. Ltd.
• Teleradiology Solutions
• Telerad Tech
• StatRad LLC
• MedWeb LLC
• USARAD Holdings, Inc.
• Everlight Radiology
• SRL Diagnostics,
• Vital Radiology Services
• Telemedicine Clinic.
• Others

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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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The global electric scooters market is anticipated to grow at a CAGR of 9% during the forecast period. In 2021, the market valuation was US$ 8.8 billion. However, in 2022, the valuation jumped to US$ 9.59 billion, and by 2032, the market is expected to have a valuation of US$ 22.70 billion.

The electric scooters are believed to be one of the easiest modes of commutation. Therefore, they are being increasingly used by ridesharing companies. Moreover, the charges associated with the usage are also nominal.

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Electric scooters are also popular amongst the investors, as they do not produce much noise while plying on roads, and this is something which the authorities across the world look out for. Additionally, they also do not emit greenhouse gases. Because of this reason, the governments and other governing authorities across the globe are putting huge amounts of money to promote the manufacturing of electric scooters. This is expected to increase the sales of electric scooters during the forecast period.

Moreover, the maintenance cost associated with electric scooters is much less as compared to conventional scooters or bikes. This as well might boost the electric scooters market during the forecast period.

It is a global news that the fuel prices at rising at a rate like never before. This presents a huge opportunity to the electric scooters and undoubtedly, the market is making the best use of this. As the name suggests, the electric scooters are operated using electricity.

Additionally, more and more players, be it local or global are entering into the electric scooters market because of the benefits associated. This might as well surge the demand for electric scooters.

Furthermore, rapid urbanisation is also one of the reasons which is fuelling the growth of electric scooters market. The reason being, because of construction and related activities, the pollution level tends to increase. To contain the rising pollution, the authorities encourage the usage of electric scooters.

Thus, the FMI researchers are of the view that rapid urbanisation, low cost of commutation and a number of factors are expected to drive the electric scooters market during the forecast period.

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Key Takeaways:

• The electric scooters market had a value of US$ 8.8 billion in2021.
• The electric scooters market has a valuation of US$ 9.59 billion as on 2022.
• The electric scooters market is expected to be valued at US$ 22.70 billion by 2032.
• The market is projected to grow at a CAGR of 9% during the forecast period.
• Based on the battery type, Li-ion is expected to have the largest market share during the forecast period.
• Based on the product type, maxi electric scooters are projected to have the highest market share during the forecast period.
• Based on the technology, the battery technology is anticipated to be the most preferred during the forecast period.
• Asia Pacific is expected to be the largest market throughout the forecast period.
• USA market expected to grow at a CAGR of 8.4% during 2022-2032.
• UK electric scooters market projected to grow at a CAGR of 8.8% during the forecast period.
• China projected to be the largest market.
• India market expected to grow at a good rate.

Competitive Landscape

With a lot of buzz generating around the electric scooters market, the key players are taking the necessary steps to develop consumer oriented electric scooters, like employing GPS in the electric scooters.

Some of the recent developments are:

• In July 2022, Ather Energy appointed Sanjeev Kumar Singh as the new Vice President of manufacturing and Harendra Saksena as the Chief Procurement Officer.
• In September 2022, Tech Mahindra and Tada Cognitive Solutions partnered to digitally transform the supply chain networks for enterprises in the US.

Key Companies Profiled

• Alta Motors
• Ather Energy
• Bajaj Auto
• BMW Motorrad International
• Cezeta
• Energica Motor Company
• Evoke Motorcycles
• Hero Eco
• Johammer e-mobility GmbH
• KTM AG
• Mahindra GenZe
• Ninebot Limited
• Okinawa Autotech Pvt. Ltd.
• Piaggio & C. SpA
• ReVolt Electric Motorbikes
• Xiaomi
• Yamaha Motor Company Limited.

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Electric scooters Market by Category

By Product Type:

• Standard
• Folding
• Self-Balancing
• Maxi
• Three-Wheeled

By Battery Type:

• Li-Ion
• NiMH
• Lead-Based

By Technology:

• Plug-In
• Battery

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa

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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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Future Market Insights (FMI) has projected the global automotive ignition coil market to register 4.4% CAGR between 2021 and 2031. Growing adoption of dual spark ignition coils will continue increasing the demand in the market.

Sales of automotive ignition coils is particularly high in emerging economies such as India, China, and South Korea as these countries increase focus on improving fuel and engine efficiency.

Burgeoning sales of passenger vehicles across the globe also is augmenting the sales of automotive ignition coils, especially across South Korea and Japan. Over 75% of automotive ignition coil sales will be accounted by passenger cars, opines FMI.

As per Future Market Insights, Japan and South Korea will collectively account for over 14% of global market share over the forecast period

Due to the outbreak of novel coronavirus, sales of automotive ignition coils declined, registering growth at 0.1% CAGR by the end of 2020. However, recovery in automotive industry post containment of the pandemic will steer growth in the market.

According to the FMI’s analysis, the global automotive ignition coils market is expected to reach US$ 3.8 Bn in the next couple of years.

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Key Takeaways from FMI’s Automotive Ignition Coil Market Study

• By vehicle type, passenger cars will emerge as primary automotive ignition coil end users
• In terms of sales channel, original equipment manufacturers are likely to emerge dominant
• In terms of product type, pencil ignition coils are the most preferred choice due to their accuracy and efficiency in reducing carbon emission and improving engine efficiency
• Double spark coils will emerge as the most lucrative segment in terms of product, accounting for more than 50% of global automotive ignition coil sales
• Heavy commercial vehicle (HCV) segment will account for more than 5.1% of global market share during the forecast period
• Light commercial vehicle segment will register growth at over 3.1% CAGR between 2021 and 2031
• Germany and the U.K. are anticipated to lead the Europe’s automotive ignition coil market on the back of increasing production of passenger cars

“Increasing production of passenger cars and higher integration of double spark ignition coils in compact and mid-size passenger cars are broadening prospects for the market players. To capitalize on existing opportunities and counter the threat from alternatives, market players are investing in technological advancements to develop innovative ignition coils that offer higher engine efficiency,” says the FMI analyst. 

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Competitive Landscape

Denso Corporation, Federal-Mogul Corporation, NGK Spark Plug Co. Ltd., BorgWarner Ludwigsburg GmbH., Valeo SA, Robert Bosch, Delphi Automotive PLC, Hitachi Automotive Systems Americas Inc., AcDelco, and Marshall Electric Corp among others are some prominent players operating in the automotive ignition coil market.

As per the FMI’s analysis, the market is consolidated with top 5 players dominating the automotive ignition coil market, accounting for over 30% of market share. Top 5 players include Denso Corporation, Diamond Electric, Hitachi Astemo Ltd., NGK Spark Plug Co., Ltd., Robert Bosch.

Market segmentation

Product Type

• Can-type Ignition Coil
• Electronic Distributor Coil
• Double Spark Coil
• Pencil Ignition Coil
• Ignition Coil Rail
• Others

Vehicle Type

• Passenger Cars
• LCV
• HCV

Sales Channel

• OEM
• Aftermarket

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Middle East & Africa
• Japan

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More Insights on the Global Automotive Ignition Coil Market

In its latest report, FMI provides an incisive coverage on the global automotive ignition coil market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of vehicle type (passenger cars, light commercial vehicle, and heavy commercial vehicle), product type (can-type ignition coil, electronic distributor coil, double spark coil, pencil ignition coil, ignition coil rail, and others), and sales channel (original equipment manufacturers and aftermarket) across seven major regions (North America, Latin America, Eastern Europe, Asia Pacific excluding Japan, Western Europe, Japan and Middle East & Africa)

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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.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Advent of new technologies, rising prevalence of autonomous vehicles, and adoption of consumer-centered business models are triggering tectonic shifts in automotive industry. The effect of these trends is also evident in smaller areas of the industry such as automotive wheel coating market.

Increasingly stringent environmental regulations associated with emission of volatile organic compounds (VOC) in tandem with rising demand for performance-based vehicles has influenced market players to dedicate serious R&D efforts in devising cutting-edge automotive wheel coatings.

While automotive wheel coatings market is continuously evolving, manufacturers are maintaining their entire technical portfolio in order to fulfil requirements of customers. This has improved their competitive position in the global market owing to their R&D leadership in this domain.

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Such future-proof solutions enable automotive OEMs to leverage novel, highly sustainable coating technologies – such as waterborne – in tandem with process breakthroughs that enhance plant efficacy and reduce overall expenses. The tendency is sweeping across developing regions, in particular, which are scrambling to achieve reduced VOC emissions.

Automotive Wheel Coating Market Size Study

• Clear/top coating segment to generate substantial revenue through 2030
• Aluminum to remain prominent substrate for automotive wheel coatings
• Application in passenger cars to remain significant over following decade
• About 7 out 10 automotive wheel coatings to be sold through OEMs
• North America to account for majority of automotive wheel coating sales worldwide

“Powdered automotive wheel coatings are substantially effective with nearly 100% powder overspray recoverability, greater resilience to scratching, chipping, and fading, compared to other finishes. The process is cost-efficient, releases negligible VOC into surroundings, and involves minimal material wastage,” says analyst at FMI.

COVID-19 Impact on Automotive Wheel Coating Market

The COVID-19 pandemic has exposed supply chains in automotive industry to significant disruption, bringing global supply strategies to scrutiny. Abrupt shutdowns of manufacturing units in China and its ripple impact, resulting in widespread havoc among global automotive manufacturers, were felt subsequently in the US, Europe, India, and South America.

Such slowdown pressures in automotive industry due to COVID-induced business restrictions has been severely impacting automotive wheel coatings market business. Having outsourced their manufacturing operations to low-cost regions, several automotive wheel coating suppliers and OEMs are striving to create shorter or localized regional supply chains.

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Market Taxonomy

By Product Type

• Primers
• Basecoat
• Clear coat/Topcoat

By Coating Type

• Powder
• Liquid
  • Solvent Borne
  • Water Borne

By Substrate Type

• Aluminium
• Steel
• Plastic

By Vehicle Type

• 2-Wheeler
• Passenger Cars
  • Compact
  • Luxury
  • Mid-sized
  • Premium
• Commercial Vehicles/Light Commercial Vehicles
• Heavy Commercial Vehicles

By Sales Type

• OEM
• Aftermarket

By Coating Chemical Type

• Acrylic Enamel
• Acrylic Urethane
• Acrylic Lacqure
• Zinc Phosphate
• Epoxy
• Epoxy Polyester
• Polyester
• Polyurethane

By Region

• Asia Pacific Excluding Japan (APEJ)
• North America
• Latin America
• Eastern Europe
• Western Europe
• Japan
• Middle East & Africa

Automotive Wheel Coating Market – Competitive Intelligence

Ceramic-based coatings reign supreme in the global sphere of paint correction. Despite being the most diverse protection formula worldwide, potential of ceramic-based coatings are yet to be explored completely. Various players developing ceramic coatings for automotive industry are entering into business landscape, for instance,

• FEYNLAB has developed ceramic wheel coating with true nanotechnology and bonding chemistry that contains about 70% solids content, making it extremely durable to road contamination and brake dust.
• Ceramic Pro has formulated protective coating – Wheel Protection – that is based on nano-ceramic formula. The product helps protect automotive wheels from brake dust that would otherwise bake onto surfaces and result in damages.
• DP Detailing has rolled out ceramic-based wheel coating that is specifically developed for clear-coated wheels. In addition, the formulation is suitable for application in high temperatures.

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Automotive Wheel Coating Market Outlook and Key Findings

• Acrylic enamel to remain preferable coating chemical of choice through 2030
• Preference for steel as coating substrate for automotive wheel coatings to surge in coming years
• Under passenger cars, mid-sized and compact sub-segments to register fastest CAGR over following decade
• Waterborne technologies to emerge as disruptive force in global market
• Market in Asia Pacific excluding Japan (APEJ) to make quantum leaps over decade ahead

To Know More About Automotive Wheel Coating Market:

A new market research report published by Future Market Insights (FMI) on the global automotive wheel coating market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the automotive wheel coating market through seven different segments – product type, coating type, substrate type, vehicle type, sales type, coating chemical type and region. The automotive wheel coating market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of automotive wheel coating and product adoption across several end-use industries

Key Questions Answered in the Report:

1. Which coating chemical type will capture major share of automotive wheel coating market globally and why?
2. What are the factors propelling the global automotive wheel coating market?
3. What will be the revenue size of automotive wheel coating market by 2020?
4. Who are the leading manufacturers in the automotive wheel coating market?
5. Which trends and innovations are expected to shape the global automotive wheel coating market in coming years?

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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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Highly consolidated, the global automotive carbon ceramic brakes market, is dominated by the presence of top 4 players. The automotive carbon ceramic brakes market is highly niche with significant used in sports, luxury, and racing cars.

Automotive carbon ceramic brakes market to grow with a year on year growth of 11.3% in 2022 reaching a value of about US$ 382.5 Mn by 2022 end. The global business is anticipated to witness a considerable CAGR of 11.2% by value during the period of 2022 and 2028.

Key factors including growing production of sports and luxury cars, along with major partnerships between automotive OEMs and prominent carbon ceramic brakes manufacturers are projected to drive the demand for carbon ceramic brakes over the forecast period of 2022-2028.

Automotive carbon ceramic brakes manufacturers are projected to enhance OEM relationships through establishing brake manufacturing facility along with car production hubs. Rising need for customization and engineering with optional features has further added to the surging demand for automotive carbon ceramic brakes.

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In the coming years, the automotive carbon ceramic brakes market is projected to witness growing trend of vehicle customization in developed countries, thereby triggering further adoption of automotive carbon ceramic brakes. A study by Future Market Insights projects sluggish growth of 3% CAGR with overall global consumption standing at 134.3 Mn Units by 2028, with significant sales to OEMs directly. Passenger cars are will witness most deployments of carbon ceramic brakes, with close to 99% share. The market is further estimated to value around US$ 722.5 Mn by 2028.

Revved up demand for luxury cars equipped with machineries with enhanced safety features catering to demand for high performance vehicles, will add mobility to the automotive carbon ceramic brakes market through 2028. Carbon ceramic brakes help allay heat more efficiently, maintain performance, and prevent deformation, compared to conventional cast iron discs.

FMI analysis also indicates that the demand for automotive carbon ceramic brakes is likely to be high in Europe and NAFTA compared Asian countries, owing to high demand for luxury and sports cars in the former regions.

Moreover, automotive manufactures are compelled to reduce the vehicular and components weight to achieve fuel economy, owing to stringent emission regulations in EU and US, thereby pushing the demand for automotive carbon ceramic brakes considering its ability to improve the performance and durability of vehicles. Using carbon ceramics for high-end cars reduces the vehicle’s weight by 20 kg to 22 kg.

However, a key factor restraining the growth of automotive carbon ceramic brakes market is the exorbitant pricing attributable to material composition and manufacturing process associated with ceramic brakes. High market penetration of relatively low cost, but high performing cast iron brakes is also hampering the sales of carbon ceramic brakes. Key manufacturer Brembo S.p.A are collaborating with different companies to make cost efficient carbon ceramic brakes. Moreover, cost is not the only factor restricting the market growth.

Inability of carbon ceramic brakes to perform under extreme driving conditions such as racing conditions and extremely cold climates is further expected to hamper the growth of the automotive carbon ceramic brakes market. In terms of composition, rotors and brake pads, wherein brake rotors account for nearly 40%-50% and brake pads account for about 28%-32% of the total cost of the system.

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Automotive Carbon Ceramic Brakes Market by Category

By Vehicle Type:

• Passenger Cars
• Commercial Vehicles
  • Light Commercial
  • Heavy Buses & Trucks
  • Off-road Vehicles

By Sales Channel:

• Original Equipment Manufacturer (OEM)
• Original Equipment Supplier (OES)
• Independent Aftermarket (IAM)

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• China
• Japan
• South Asia Pacific
• Middle East and Africa

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FMI projects that the carbon ceramic brake market is presently in the high growth quadrant. Significant investments are being made by key players in research and development to develop proprietary manufacturing techniques, to further reduce product prices. The market is characterized by high consolidation and major players are struggling to gain notable share of the market.

Geographically, China is likely to contribute significantly to the revenue of carbon ceramic brakes, considering growing aftermarket sales in the region, recording a substantial double-digit growth in the coming years. Presence of major car manufacturers in Italy and Germany will ante up the sales of carbon ceramic brakes in Western Europe.

South East Asia and Pacific and Japan are also projected to follow the same channel route as China, and increase adoption through aftermarket sales. Market players have been channelizing efforts towards strengthening their distribution channels and OEM relationship majorly in North America, Europe, and Japan.

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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