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The global automotive lead acid battery sales is projected to increasing, enabling the market’s valuation to reach US$ 36.2 Bn in 2031, according to the latest research by Future Market Insights (FMI). The report estimates the market to expand at a steady CAGR of over 3% through the course of 2021-2031.

Flooded batteries, followed by enhanced flooded batteries are most sought-after lead acid batteries. Flooded batteries are expected to account for over half of sales registered in the market. The use of lead batteries for starting, lighting and ignition (SLI) application is increasing around the world. Easy availability of lead acid batteries and their economical pricing as compared to other battery types will continue enabling growth in the market over the coming decade.

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Despite advent of various advanced technologies, which threaten replacement, lead acid batteries sales will continue surging at a moderate pace. The rising production of passenger and commercial vehicles will continue supporting growth through the course of the forecast period.

Also, the advent of new technologies are aiding overall expansion. Some of the leading manufacturers are focusing on a wide range of automotive lead acid resistance, decreasing heat generation, modification of electrode plates, and improving charge acceptability.

These efforts are expected to improve performance of lead acid batteries, in turn creating lucrative opportunities for increasing sales.

Key Takeaways from Market Study

• After a period of negative growth, sales will improve 2021 onwards, enabling the market register 2.8% y-o-y growth in 2021
• The U.S. will account for over 86% of sales registered in North America. It is expected to remain the dominant market through the course of the forecast period
• Increasing passenger vehicle production will enable sales in the U.K. to increase by 1.7% in U.K. in 2021
• Germany and France will emerge as other key markets within Europe
• Expansion of the automotive sector will support growth in China, followed by Japan and South Korea

“Market players are threatened by the availability of high-performing alternatives. The increasing demand for lithium-ion batteries and other alternatives has been compelling them to invest in research and development activities. This will enable the market to stay strong, registering steady growth through the course of the forecast period,” said a lead analyst at FMI.

Competitive Landscape

The global automotive lead acid batteries market is highly competitive at regional as well as global level, and highly consolidated in nature. Some of the key players included in the report are Clarios, GS Yuasa Corporation, Panasonic Corporation, Leoch International Technology Limited, Exide Industries Ltd., EnerSys Inc., and others. Top companies operating in the market are occupying hefty shares in terms of revenue. With compliance to governmental standards and regulations, these companies have a global brand presence. Prime manufacturers are also updating their technologies to improve their market share.

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Market Segmentation by Category

By Battery Type

• Flooded
• Enhanced Flooded
• AGM

By Technology

• ICE
• Hybrid
• Electric

By Vehicle Type

• Passenger Car
• LCV

By Sales Channel

• OEM
• Aftermarket

By Region

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

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Scope of Report

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	USD Million for Value and  Tons for Volume
Key Regions Covered	North America, Latin America, Europe, South Asia & Pacific, East Asia, and the Middle East & Africa,
Key Countries Covered	US, Canada, Germany, U.K., France, Italy, Spain, Russia, BENELUX, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, Turkey, Iran, and South Africa
Key Segments Covered	Battery Type, Technology, Vehicle, Sales Channel, Region
Key Companies Profiled	Clarios GS Yuasa Corporation Panasonic Corporation Leoch International Technology Limited Exide Industries Ltd. EnerSys Inc. East Penn Manufacturing Company Exide Technologies Inc. CSB Battery Company Limited
Report Coverage	Market Forecasts, Brand Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

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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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ESOMAR-certified consulting firm Future Market Insights’ report, projects the global OHV telematics market to record growth at 15% CAGR over the forecast period of 2022 and 2032.

Growing demand from construction industry is accelerating OHV telematics sales across the globe. Demand for OHV telematics is rising extensively in emerging economies as are becoming more aware for the vehicle safety.

Increasing application within rental equipment companies, mining industry and for safety & security of vehicles will continue creating sales opportunities. As per the FMI’s analysis, despite the slight setback due to the pandemic, the global OHV telematics market registered the Y-o-Y growth at 14.50% CAGR during 2020-2021.

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What are the Growth Prospective for Off-Highway Vehicle (OHV) Telematics Market?

“Due to the increase in construction, agriculture and mining activities in the remote and inaccessible areas, there has been a growing demand for telematics trackers, geo tab devices, and geo tab dash cams. Another OHV telematics market trend shows rise in demand for mix telematics trackers and Bluetooth telematics.”

Steady recovery in automotive industry and recommencement of automotive production & manufacturing companies across the globe have improved the market growth.

Government increasing funding and initiatives towards the safety of vehicles have compelled the manufacturers to increase the adoption of telematics within the off highway vehicles.

Stringent regulations for the vehicle safety across the U.S., Germany, India, China and the U.K. is also expected to improve the adoption of OHV telematics over the coming years.

According to the FMI’s analysis, the global OHV telematics market reached a valuation of US$ 421 Mn in 2021.

Browse Detailed Summary of Research Report with TOC: https://www.futuremarketinsights.com/reports/ohv-telematics-market

Key Takeaways from FMI’s OHV Telematics Market Study

• By end-use application type, construction segment will emerge as primary OHV telematics end-user, accounting for 64.4% market share.
• In terms of sales channel, original equipment manufacturers are the most preferred over the aftermarket service providers, exhibiting growth at over 11.4% CAGR
• In terms of technology type, cellular technology will cement its dominance during the forecast period, expanding at 11% CAGR
• The U.S. will emerge as the leading market across North America backed by the high demand within the construction industry
• Japan and South Korea will collectively account for over 6% of global market share over the forecast period
• Germany and the U.K. are anticipated to lead the Europe’s OHV telematics market, exhibiting the growth at 10.20% CAGR
• Increasing application in precision farming will bolster the demand of off-highway vehicle telematics across India through 2021

“Growing consumer preference for advanced telematics technology in off-highway vehicles for usage in construction, mining and agriculture equipment has bolstered the adoption of telematics, generating lucrative prospects for market players,” says the FMI analyst. 

By Sales Channel	Original Equipment Manufacturers (OEMs) Aftermarket
By Technology Type	Cellular Satellite
By End-Use Application	Construction Agriculture Mining

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Competitive Landscape

• TomTom International,
• Harman International,
• ORBCOMM Inc.,
• Topcon Corporation,
• MiX Telematics,
• Navman Wireless,
• Omnitracs LLC,
• Wacker Neuson,
• Trackunit A/S and Zonar Systems Inc.
• among others

Are some prominent players operating in the OHV telematics market.

As per the FMI’s analysis, the market is dominated with top 5 players operating in OHV telematics market, accounting for 25% of market share. Top 5 players include, TomTom International, Harman International, MiX Telematics, ORBCOMM Inc., and Omnitracs.

Key players are adopting strategies such as adoption of artificial intelligence along with new product launches to maintain their position in the industry.

Long-term agreements with OEMs and targeted mergers & collaboration will also be one of the key strategies adopted by market players.

For instance, in April 2021, HBS systems, leading provider of web-based equipment dealership management solutions and rental software announced the launch of an advanced telematics with Kubota, an automotive dealership in North America.

Detailed Table of Content:

1. Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Global OHV Telematics Market Overview

4.1. Introduction

4.1.1. Market Definition

4.1.2. Market Taxonomy

4.2. Market Dynamics

4.2.1. Drivers

4.2.2. Restraints

4.2.3. Opportunities

4.3. Market Trends

4.4. Value Chain

5. Global OHV Telematics Market Forecast

5.1. Global OHV Telematics Market Volume Forecast (Units) & Y-o-Y Growth, 2021 – 2031

5.2. Global OHV Telematics Market Value Forecast (US$ Mn) & Y-o-Y Growth, 2021 – 2031

5.3. OHV Telematics Market: Drivers and Restraints Impact Analysis

TOC continued..!

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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 automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

The rising passenger vehicle sales will remain a chief growth driver. In terms of vehicle type, passenger vehicle segment is forecast to remain dominant, accounting for over 70% of sales recorded in the market.

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Key Takeaways of Automotive Pump Market Study

• After a period of slow growth amid COVID-19, the automotive pump sales is poised to recover, exhibiting nearly 6% Y-o-Y growth in 2021
• The demand from the U.S. will remain a chief growth driver as the country continues accounting for over 80% of sales registered in North America
• Increasing passenger vehicle production will support growth in the U.K., enabling it to register 3.5% Y-o-Y growth in 2021
• Within Western Europe, Germany, France, and Spain are expected to emerge as key pockets for sales
• While China will continue dominating APEJ on the back of booming vehicle production, the demand from India and South Korea will continue rising at a  positive rate
• Japan will emerge as a highly lucrative market exhibiting positively rising sales through the forecast period

“The increasing demand for environment friendly vehicles aimed at curbing carbon emission is expected to provide an impetus to compact utility vehicle sales. Compact size, low fuel consumption and high performance of compact utility vehicles are key factors boosting their sales. This also will create attractive opportunities for automotive pump sales in the coming years,” said a lead analyst at FMI.

Who is winning?

The automotive pump market is a highly competitive. There is ample focus on innovations, research and developments by market players as they seek gaining competitive advantage. Some of the players are focusing to carve a niche for specific demography. Expansion of electric vehicle market is expected to boost sales of automotive pumps in the coming years. Companies operating in the market are therefore focusing on merger and acquisition to expand their footprint and product portfolio.

For instance:

• In October, Johnson acquired Stackpole International, a prominent engine & transmission pumps and powder metal components supplier.
• In October, Magna International’s powertrain manufacturing unit in Benevento, Italy, completed production of five million oil pumps for the Fiat 1.4-litre engine since 2005

Some of the leading players operating in the market are Delphi Automotive, DENSO Corporation, ZF TRW, Johnson Electric and Continental AG.

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Global Automotive Pump Market by Segments

Category

• Pump
  • Fuel Supply Pump
  • Fuel Injection Pump
  • Transmission Oil Pump
  • Conventional Engine Oil Pump
  • Variable Engine Oil Pump
  • Steering Pump
  • Coolant Pump
  •  Windshield Washer Pump
  • Vacuum Pump
• Sales Channel
  • OEM
  • Aftermarket
• Technology
  • Electric
  • Mechanical
• Vehicle Type
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Two Wheeler

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-541
Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Automotive Pump Market

3.2. Product Innovation / Development Trends

4. Key Success Factors
5. Global Automotive Pump Demand Analysis 2016-2020 and Forecast, 2021-2031

5.1. Historical Market Volume (‘000 units) Analysis, 2016-2020

5.2. Current and Future Market Volume (‘000 units) Projections, 2021-2031

5.3. Y-o-Y Growth Trend Analysis

6. Global Automotive Pump – Pricing Analysis

6.1. Regional Pricing Analysis By Pump Type

6.2. Global Average Pricing Analysis Benchmark

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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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Based on the market research conducted by FMI, the automotive wiring harness market is expected to grow at a considerable CAGR of 7.9% through 2032.

The automotive wiring harness market is expected to hit US$ 110.78 billion by 2032. The market is valued at US$ 51.79 billion as of 2022, and in 2021 the automotive wiring harness market valuation was US$ 48 billion.

There has been an increase in automotive exploration activities across the globe. Thanks to a vast number of investments made in this niche. The flexible wires that are used in this application help in the improvement of power delivery. All of these might surge the sales of automotive wiring harness going forward.

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Moreover, the combined wiring of different electrical and electronic systems into a single system is helpful in signal transmission and driving different kinds of electrical appliances. This has undoubtedly allowed companies to achieve the aim of cost-cutting. This has also captured the attention of manufacturers from other sectors, which might improve the automotive wiring harness market outlook in the future.

Moreover, there has been a surge in the usage of autonomous vehicles, as these help in reducing the cases related to accidents. Additionally, governments worldwide are investing millions of dollars in these autonomous vehicles.

The automotive wiring harness is also an integral part of these autonomous vehicles. This is expected to increase the demand for the automotive wiring harness.

Thus, from the insights obtained from FMI research, it can be inferred that, “Increased focus on passenger safety, coupled with an increase in the number of electric vehicles worldwide, and many other factors are expected to increase the demand for automotive wiring harnesses.”

Key Takeaways:

• The automotive wiring harness market is expected to grow at a CAGR of 7.9% during the forecast period.
• The market was valued at US$ 48 billion in 2021.
• The automotive wiring harness market is valued at US$ 51.79 billion in 2022.
• The automotive wiring harness market is anticipated to be valued at US$ 110.78 billion in 2032.
• Based on the product type, the Chassis & Safety Segment is expected to lead the market during the forecast period.
• Based on the vehicle type, the Passenger Cars had the Highest automotive wiring harness market share of nearly 49% in 2021.
• Asia Pacific currently dominates the market, with a Market Share of whopping 51%
• If we talk about the largest market based on the country, it is China.

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Competitive Landscape of the Automotive Wiring Harness Market

The automotive wiring harness market is growing with leading players offering everything they can. Thus, the market players have kept customer delight before everything.

In order to offer best possible services, the key players are looking at establishing strategic collaboration with global players and local regional players. This is done to gain a good understanding about the local market as well as the global market. Additionally, the growth of electric vehicle industry and automobile industry is a great news for the key players.

Some of the recent developments are:

• In July 2022, Leoni defines clear targets with ‘ReWire’ on its way to offer highest form of sustainability, based on Climate neutral by 2045 agenda.
• In August 2022, Sumitomo Electric announced that it would take part in CIGRE 2022 technical exhibition, which is the worlds largest power system technology. The exhibition is scheduled to be held from August 29 to September 2, 2022 in France.

Key Companies Profiled in the Automotive Wiring Harness Market

• LEONI Group
• Samvardhana Motherson Group
• Sumitomo Electric
• Yazaki Group
• Fujikura Ltd.
• Lear Corporation
• Furukawa Electric Co. Ltd
• YURA Tech Corporation
• Nexans

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-37

Key Segments Profiled In The Automotive Wiring Harness Market

By Product Type:

• Chassis & Safety
  • Conventional Chassis
  • Semi-Forward Chassis
  • Full Forward Chassis
• Body
  • Roof
  • Door & Window
  • Facia
  • Seat
  • Interior
• HVAC
• Engine
• Sensors

By Vehicle Type:

• Passenger Cars
  • Compact
  • Mid-Sized
  • SUV
  • Luxury
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Electric Vehicles
  • BEV
  • PHEV

By Sales Channel:

• First Fit
• Replacement

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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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 compaction machines market is predicted to exhibit a healthy CAGR of 6.4% between 2022 and 2032 with an expected valuation of US$ 5.2 Bn in 2022 and totaling the revenue to around US$ 9.7 Bn by 2032. The market was valued at US$ 4.9 Bn in 2021.

According to the historical forecast, the global compaction machines market grew at a value of 5.2% between 2017 and 2021. However, the surging investments in building and construction projects along with the rising prevalence of modern machinery in order to improve productivity and reduce labor costs, it is expected to elevate the demand for compact machines in the future.

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Owing to the rapid expansion of the building and construction industry along with accelerated demand for advanced machinery, the overall sales of compaction machines are predicted to grow at a phenomenal pace across the forecast period.

Key Takeaways

• Compaction machines are strong equipment utilized for compaction purposes throughout construction and building activities. Such powerful machines are used to reduce the size of the soil, concrete, gravel, or asphalt used in the construction of roads, dams, airports, and other structures. They help users to increase overall productivity and reduce labor costs.
• The advancements in compaction equipment and the emergence of staunch government regulations are all expected to positively impact the growth of the compaction machine market over the coming years.
• A significant surge in the compaction equipment market has been witnessed due to the emergence of compact paving materials such as asphalt mixes and roller-compacted concrete is expected to push demand in the global market.
• Since there is a surge in construction activities all over the world, many new construction projects require advanced and compact construction equipment such as tandem rollers and pneumatic rollers, which can work efficiently in less time.
• Governments in several countries are launching various construction projects due to the rising population and strengthening commercial infrastructure in their respective regions. This in turn is expected to bolster the sales of machines like compaction equipment.
• Strict environmental regulations across the globe are rising environmental concerns along with growing infrastructures are predicted to propel the demand for electrically operated compaction machines in the global market during the forecast period.
• In order to reduce pollution levels, small businesses are opting for electric machines that save costs and also improve overall productivity. Therefore, the rising demand for electric compaction machinery is projected to support the market growth during the next ten years.
• The global construction market is predicted to exhibit a phenomenal growth rate by gathering a revenue of about US$4.0 trillion throughout the forecast period and is further anticipated to reach US$16 trillion with more than US$8.0 trillion in emerging economies by 2032.

Browse Detailed Summary of Research Report with TOC: https://www.futuremarketinsights.com/reports/compaction-machines-market  

Competitive Landscape

There is high competition witnessed in the global compaction machines market owing to the presence of several dominant regional as well as domestic players. Key compaction machine manufacturers are launching new products and collaborating and partnering with vehicle manufacturers for better market opportunities.

• AB Volvo
• Caterpillar Inc.
• Terex Corporation
• BOMAG GmbH
• Wacker Neuson SE
• XCMG Co. Ltd
• Zoomlion Heavy Industries Science and Technology Co Ltd
• Atlas Copco
• Wirtgen Group
• Sany Heavy Industries Co Ltd
• AMMANN GROUP

More Insights into the Compaction Machines Market

The U.S. is expected to dominate the North American compaction machines market by accounting for about 76.7% of the total revenue. Owing to the rising need for smart cities and increasing government investments in the latest construction projects, the market is predicted to reach US$ 621.5 Mn in 2022.

According to the FMI analysis, China is estimated to show lucrative growth opportunities over the projection period. The market is expected to accelerate at a flawless CAGR of 8.1% in 2022. Despite the supply chain issues, China’s commercial construction industry is anticipated to maintain expansion over the assessment period.

The ever-rising need for residential and commercial development in the nation is expected to continue owing to the increase in household income and more people moving from rural to urban regions.

The expansion of the residential and commercial construction industry was bolstered due to affordable housing opportunities in both the public and private sectors. It has also been predicted that in the upcoming years, non-residential infrastructure would boom massively. Resulting in progressive sales of the compaction machines market.

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Key Segments Covered in Compaction Machines Market Industry Analysis

By Product Type:

• Heavy compaction machines
  • Heavy tandem roller
    • 5-8 Tonne
    • 8-11 Tonne
    • > 11 Tonne
  • Single drum roller
    • 3-5 Tonne
    • 5-8 Tonne
    • 8-12 Tonne
    • 12-15 Tonne
    • > 15 Tonne
  • Pneumatic roller
• Light compaction machines
  • Hand operated machines
    • Rammer
    • Vibratory plates (forward)
    • Vibratory plates ( reverse)
    • Walk behind roller
  • Light tandem roller
    • < 1.8 Tonne
    • 8-3 Tonne
    • 3-5 Tonne
  • Trench roller

By Region:

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

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-1064

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

4. Key Success Factors
5. Global Compaction Machines Market Demand Analysis 2017-2021 and Forecast, 2022-2032

5.1. Historical Market Volume (Units) Analysis, 2017-2021

5.2. Current and Future Market Volume (Units) Projections, 2022-2032

5.3. Y-o-Y Growth Trend Analysis

6. Global Compaction Machines Market – Pricing Analysis

6.1. Regional Pricing Analysis by Product Type

6.2. Global Average Pricing Analysis Benchmark

7. Global Compaction Machines Market Demand (in Value or Size in US$ Mn) Analysis 2017-2021 and Forecast, 2022-2032

7.1. Historical Market Value (US$ Mn) Analysis, 2017-2021

7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

7.2.1. Y-o-Y Growth Trend Analysis

7.2.2. Absolute $ Opportunity Analysis

TOC continued..!

About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sectors. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behaviour.

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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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According to ESOMAR-certified Future Market Insights’ (FMI) latest research report, in 2021 the automotive HUD market grew by 11.5% year on year, bucking initial scepticism about how the market would perform during a global pandemic. As per the study, the global automotive HUD market is anticipated to grow at around 14.4% CAGR throughout the forecast period from 2021 to 2031.

Vehicle crash accidents are one of the leading causes of deaths across the globe. Increasing urbanization and high sales of automotive vehicles has led to spike in road accident related deaths in emerging countries like India. As per the Ministry of Road Transport and Highway, in 2019, 449,002 accidents took place in India leading to 151,113 deaths and 451,361 injuries.

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Leading market players are developing low cost and compact automotive head-up display systems to promote and enable safer driving experience, reduce the number of road accidents, and improve the safety of driver and passenger in the vehicle. This factor is expected to increase the sales of head-up displays over the forecast period.

For instance, Jaguar Land Rover is currently developing its next-gen 3D head-up display technology which will offer a personalized experience to the driver and will also allow everyone in the vehicle to independently select their own infotainment. The developed HUD will beam real-time safety information in front of the driver and passengers can stream 3D movies directly from their seats.

Increasing government investment in developing electric vehicles and surge in demand for electric vehicles in emerging economies along with strict regulation implemented by developed countries regarding safety standards of automobile will fuel the growth of the automotive HUD market.

Growing awareness regarding reducing carbon emission and increasing efforts to reduce traffic congestion will promote the sales of electric vehicle. This is expected to positively influence the growth of the automotive HUD market.

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Key Takeaways from FMI’s Automotive HUD Market Study

• U.S is anticipated to lead the automotive HUD market, showcasing the growth of 13.6% CAGR in 2021. The growth can be attributed to rise in car accidents and demand for advance navigating system in the region.
• Europe automotive HUD market is forecast to grow at 12.8% CAGR backed by presence of leading original equipment manufacturers in the region along with increasing demand for European luxury vehicles across the globe.
• Japan and South Korea will collectively account for around 13% market share in 2021 due to presence of automotive giants like Toyota and Hyundai and increasing investment from these companies towards developing compact HUD.
• Rapid advancement in the electric vehicle section along with increasing focus on modernizing the navigation system will boost the automotive HUD market in India during the forecast period.
• Combiner HUD is experiencing high demand owing to its low cost and its sales is expected to grow at more than 19% CAGR from 2021 to 2031.

 “Increasing investment in research and development of compact automotive head-up display system (HUD) and integration of artificial intelligence and remote sensing with HUD will create lucrative opportunity for market growth,” says the FMI analyst.

Competitive Landscape

Leading market players are focusing on exploring opportunities offered by emerging economies like China and India. New product launches are in the card as market players seek to expand their product portfolio and strengthen footprint.

Market players are also working towards introducing artificial reality (AR) based head-up display and ultra thin HUD to gain the competitive edge in the market. For instance, Continental AG developed its first ultra-compact, high-performance head-up display (HUD) in 2019. The new HUD is ideal for cockpits with limited installation space and provides accurate information in the driver’s field of vision, making it highly safe to use.

Similarly in April 2021, Hyundai introduced its new electric car “IONIQ 5” equipped with head-up display (HUD) with augmented reality (AR) mode. The augmented reality coverts the vehicle’s windshield into a display screen where driver can get information like  turn-by-turn navigation, advanced safety and the car’s surroundings nearly 4 feet (44 inches) in front of their line of sight on the road.

Key Segments Covered

By Product Type:

• Windshield
• Combine

By Technology:

• Augmented Reality
• Conventional

 By Vehicle Type:

• Midsize
• Luxury
• Sports Utility Vehicle
• Commercial Vehicle

By Dimension:

• 2D
• 3D

By Sales Channel:

• Original Equipment Manufacturers (OEM)
• Aftermarket

Key Regions Covered:

• North America
•  Latin America
• Europe
• South Asia and Pacific
• East Asia
• Middle East & Africa (MEA)

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Prominent players operating in the automotive HUD market are:-

• Continental AG
• Denso Corporation
• Nippon Seiki Co., Ltd.
• Visteon Corporation,
• Delphi Automotive LLP
• Garmin Ltd.
• MicroVision, Inc.
• LG Display Co., Ltd.
• Hyundai Mobis
• KYOCERA Corporation
• Harman International
• Panasonic Corporation
• Robert Bosch GmbH
• Valeo
• JVCKENWOOD Corporation

Key Points Covered

• Market estimates and forecast 2015-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Automotive HUD Market and How to Navigate
• Recommendation on Key Winning Strategies

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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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Future Market Insights (FMI) sees impressive prospects for automotive aftermarket in APEJ. It has forecast the market to US$ 254.5 Bn by the end of 2031. Auto-components are subjected to abrasions and wear-outs by end use. Hence the need of repair and replacement of automotive components in existing vehicles has created an aftermarket system, consisting of multiple vendors providing the respective components. The type of vendors range from tier-1 multinational to small scale domestic vendors. Several factors such as expansion of the auto-components industry and the penetration of aftermarket services are anticipated to drive the APEJ automotive aftermarket during the forecast. FMI has projected sales of automotive parts to account for leading share of the market. According to the report, segment comprising parts will account for over 65% of the market in 2021.

The APEJ automotive aftermarket is expected to gain significantly from the advent of IOT enabled services. Since public transport will be reduced due to social distancing, demand for personal driving will surge. More miles driven indirectly will create opportunities for the aftermarket growth. Besides this, proliferation of electric vehicles will have positive impact on the market in the near future.

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Key Takeaways of Automotive aftermarket components Market Study

• APEJ automotive aftermarket is set to exhibit 7.1% CAGR between 2021 and 2031
• China being the largest automotive market in the world, is also expected to dominant share of 60.8% in APEJ
• India however is expected to exhibit higher growth. FMI has projected the India market to register nearly 7% Y-o-Y growth in 2021
• ASEAN will emerge as a highly lucrative market, rising at an accelerated pace through forecast period
• South Korea and Oceania will remain bright spots in APEJ automotive aftermarket

“The automotive aftermarket has been a profitable business since the last few years. Predictive maintenance programs and product performance monitoring have offered a value added proposition to the aftermarket products. Robust supply chain management has proven to be instrumental in establishing the business footprint for component manufacturers.”

Who is Winning?

The APEJ automotive aftermarket is a highly competitive market exhibiting presence of global as well as regional players. Companies operating in the market are focusing on innovations, launches, and strategic collaborations to gain significant impetus.

For instance:

1.  Nippon Paint inked partnership with HMSI, to authorize aftermarket paints and ancillary products in India, in June 2019
2. Bridgestone’s webfleet solutions enabled vehicle manufacturers to connect their vehicles to fleet management solutions. This allowed access to rich OEM data for customers to benefit from actionable, data-driven insights easily, eliminating the need for aftermarket hardware installations.

Some of the leading players operating in the market are Bosch, Denso Corporation, Continental AG and ZF.

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Some of the leading companies operating in the market are:

• Bosch
• Denso Corporation
• Hella KGaA Hueck & Co.
• Continental AG
• Delphi Automotive PLC
• 3M
• Aisin Seiki Co., Ltd.
• Bridgestone Corporation
• ZF Friedrichshafen AG
• Mahle GmbH

Key Segments

Category

• Parts
  • Tires
  • Batteries
  • Filters
  • Starters and Alternators
  • Lighting
  • Exhaust components
  • Spark Plugs
  •  Lubricants
  •  Collision body
  •  Wear and Tear Parts
• Accessories
  • Interior
  • Exterior
• Services
  • General automotive repair
  • Automotive transmission and others

Vehicle Type

• Passenger Cars
• Commercial Vehicles

Country

• India
• China
• South Korea
• Oceania
• ASEAN
• Rest of APEJ

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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