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Walk-in Coolers and Freezers Market 2022 Future Analysis, Demand by Regions and Opportunities with Challenges 2029

The global walk-in coolers and freezers market is estimated to be worth around US$ 9.52 Bn in 2022. With rising trend of installing customized walk-in coolers and freezers, the overall market is projected to expand at a robust CAGR of 5.7% between 2022 and 2029, reaching a valuation of US$ 14.05 Bn by 2029.

Consumer acceptance of frozen and processed foods, as well as an increase in demand for efficient refrigeration facilities to store and maintain the shelf life of these products, point to a brighter future for the walk-in coolers and freezers market. Future Market Insights (FMI) estimates global sales of walk-in coolers and freezers at $8.6 billion in 2022 in its new report.

The growing penetration of walk-in coolers and freezers in developing regions is opening up new growth opportunities in the global walk-in coolers and freezers market. These refrigeration products are becoming more popular as a result of their increased capacity to store and preserve sensitive products while also extending their shelf life.

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Digitalization and smart technologies continue to influence numerous product developments and demand-side dynamics, and walk-in coolers and freezers are no exception. As consumers show marked preference for efficient yet custom-sized units, manufacturers are leveraging technological advancements to develop unique product features that fulfil specific customer requirements.

“Walk-in coolers and freezers are witnessing transformations under the influences of smart technologies and digitalization, and consumer preference for customized yet efficient equipment has led manufacturers to emphasize application-specific features in new product development”.

According to the study, key players in the walk-in coolers and freezers market also remained focused on improving energy efficiency of their products, considering the continuous changes in energy conservation standards for various commercial and industrial equipment including walk-in coolers and freezers. These players are continuously putting efforts on improving quality of their offerings, while investing in innovative developments that would yield substantial improvements for customers.

Walk-in coolers and freezers with self-contained refrigeration continue to account for higher share as compared to remote condensing and multiplex condensing. Considering the suitability of self-contained refrigeration in almost any application along with ease of service and maintenance, this category also continues to witness higher innovation and investments.

According to the study, the walk-in coolers and freezers market shows a high level of fragmentation, and therefore, several market players are focusing on forging strategic alliance with other players to improve their market shares. Manufacturers are also focused on offering products that can be custom designed to fit any settings along with several add-on features to increase convenience and ease-of-use.

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FMI’s research study also offers a long-term perspective and thorough analysis on opportunities present in the walk-in coolers and freezers market for the period between 2022 and 2029. As per the study, the global walk-in coolers and freezers market is projected to register a CAGR of 5.6% during the forecast period.

Gains Remain High from Commercial Kitchens & Restaurants

Walk-in coolers and freezers continue to gain high traction from commercial kitchens and restaurants, which are widely used to preserve raw foods and grocery items. As international fast food chains and café outlets continue to explore opportunities in various attractive destinations, demand of walk-in coolers and freezers has been on an upward swing across the globe.

North America and Europe have been the early adopters of commercial kitchens and restaurants; however, they are reaching their saturation point. Walk-in cooler and freezer manufacturers are tapping into opportunities in developing countries in East Asia, where multi-cultural environment, changing eating habits, and rising disposable income have opened avenues of growth for commercial kitchens and restaurants. Moreover, walk-in coolers and freezers market in East Asia is likely to take over the Europe market in the future.

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Automotive Seating Market : Value Chain, Stakeholder Analysis and Trends by 2032

The estimated value of the global automotive seating market is expected to be US$ 52,941.6 million in 2022, with a forecasted CAGR of 3.40%. By 2032, the market is projected to increase to a value of US$ 73,960.9 million. Future Market Insights’ analysis revealed a historical CAGR of 2.30%.

Seating systems are platform designed to accommodate the person seating in vehicle. Seating has modified through simple seating systems to complex masterpiece to fulfill the desires of both consumer and manufacturers. When OEM (Original Equipment Manufacturers) and Tier 1 companies design the cars, the seating systems referred as expensive and heaviest interior parts. While conventional designs have been recommended throughout the industry, companies have started to design new layouts that will change the seating systems in more modified manner than conventional seating systems. Luxury modifications have been introduced into seating systems to assure the relaxing experience to customer while driving.

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Global Automotive Seating Market: Drivers & Restraints

Recovery in vehicle production, increasing demand for safety features, and growth of various vehicle segments are major driving factors for Automotive seating market. Government initiatives for Foreign Direct Investments (FDI) supporting the automotive seating market. To develop lighter design while reduce a cost is challenge for Manufacturers. Inclining customers demand towards Luxurious seating systems creating more opportunities in Automotive seating market. Manufacturers taking initiatives in research and development activities to make product luxurious as well as more emphasis is for safely. Simultaneously changing currency exchange rates, regulations, changing consumer needs and preference are going to affect the market dynamics.

Global Automotive Seating Market: Key players

Some of the key players identified in the global Automotive Seating market include:

Johnson Controls Inc
Toyota Boshoku Corporation
TS Tech Co., Ltd
Faurecia SA
Lear Corporation
IFB Automotive
Magna International Inc
DURA Automotive Systems
Aktis Engineering Solutions
Fisher and Company
Tata Autocomp Systems Limited
Marter Automotive Seating Systems
Grammer Seating Systems
TM Automotive Seating Systems Private Limited

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Global Automotive Seating Market: Market Segmentation

On the basis of seat type, global automotive seating market is segmented into:

Split seat
Bench seat
Split Bench seat

On the basis of vehicle type global automotive seating market is segmented into:

PCV (Passenger Commercial Vehicles)
LCV (Light Commercial Vehicles)
HCV (Heavy Commercial Vehicles)

On the basis of distribution channel, global automotive seating market is segmented into:

OEM
Aftermarket

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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Lightweight Compact Wheel Loader Market : is estimated to reach US$ 2.03 Bn by 2030 in comparison to US$ 1.61 Bn registered in 2021.

Bicycle Chain Market : is projected to reach US$ 996 Mn in 2022. Increasing preference for convenient mobility is anticipated to boost sales at a 4.9% CAGR, pushing the market size to US$ 1.4 Bn in 2029.

Railcar Unloader Market : demand is anticipated to increase at a considerable pace during the forecast period from 2022 to 2032.

Boat Trailers Market : sales witnessed historical CAGR of 4.2% during 2014 to 2021 and totalled US$ 936.1 by end of 2021. The global boat trailer market is further projected to register a CAGR of 4.5% and top a valuation of around US$ 1.3 Bn by end of 2029.

Portable Wheel Jack Market : is estimated to top US$ 5.4 Bn by the end of 2022. Future Market Insights (FMI), states that the sales in the global portable wheel jack market are anticipated to surpass US$ 6.8 Bn by 2029, expanding at 3.3% CAGR over the forecast period 2022-2029.

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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.

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Automotive Stamping Market Expectations and Growth Trends Highlighted Until 2032

As per the report published by FMI, the global automotive stamping market is projected to have a rapid-paced CAGR of 5.3% during the forecast period. The current valuation of the market is US$ 10,490.0 Million in 2022. The market value of automotive stamping is anticipated to reach a high of US$ 17,581.6 Million by the year 2032.

Automotive stamping is gaining wide usage due to the rising vehicle production across the globe. According to the findings of Future Market Insights, growing technological advancements like hydraulic metal stamping, hybrid electromagnetic sheet stamping, and laser metal stamping enable the manufacturers in the market to reduce the overall cost and are likely to fuel the automotive stamping market.

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In addition to that, it is anticipated by the expert analysts at FMI that high growth in the export of automotive components for engine and transmission parts is likely to boost the growth of the automotive stamping market.

However, FMI has analyzed that pressure on suppliers for cost reduction is expected to restrain the growth of the market. In the recent past, it is identified that automakers have focused on weight reduction and improvement of the performance of the vehicles, and in order to achieve these aspects, the automakers are using advanced materials that are more expensive than the conventional ones. Hence, it is predicted that cost reduction is becoming a challenging job, keeping under consideration the present competitive scenario of the market and the rising emergence of plastic as a metal alternative.

Furthermore, the complex operation of newly installed technologies is another factor that hampers the expansion of the established players in the market from adopting new and advanced technology like high tonnage presses.

Key Takeaways from the Automotive Stamping Market

The Passenger Vehicle segment is projected to account for an approximate market share of 38.4% during the forecast period.
The Cold Stamping segment is anticipated to expand at a CAGR of 5% during the period 2022-2032.
North America is expected to possess an 18% market share during 2022, further registering a CAGR of 4.9% during 2022-2032.
India is expected to dominate the country-wise segment and accounted for a market valuation of US$ 6.23 Billion in the base year.
Cold Stamping segment is expected to reach a market valuation of US$ 14.64 Billion by 2032.

“Major automotive industries are preferring the blanking process of stamping as this technology is allowing to fabricate metal into smaller and manageable pieces to be more tightly packaged in and around vehicles.” – Says an FMI Analyst

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Competition Landscape in the Automotive Stamping Market

The companies are expanding their footprints with new innovative technologies so that they can have an edge over their competitors. However, the market is fragmented, with several local players present in the market.

Growing collaborations and partnerships between OEMs and stamped component suppliers, in order to enhance product development and manufacturing, are expected to be the major trend in the automotive stamping market.

Clow Stamping Company, D&H Industries Inc., Shiloh Industries Inc., PDQ Tool & Stamping Co., Magna International Inc., and Integrity Manufacturing are some of the key players in the market.

Key Segments Profiled in the Automotive Stamping Industry Survey

Automotive Stamping Market by Foaming Temperature:

Hot Stamping
Cold Stamping

Automotive Stamping Market by Stamping Process:

Mechanical Process
Hydraulic Process
Pneumatic Process

Automotive Stamping Market by Number of Stations Required:

Single Tool Station
Progressive Stations

Automotive Stamping Market by Region:

North America Automotive Stamping Market
Latin America Automotive Stamping Market
Europe Automotive Stamping Market
East Asia Automotive Stamping Market
South Asia & Oceania Automotive Stamping Market
Middle East & Africa Automotive Stamping Market

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Recent Developments in the Automotive Stamping Market:

In July 2022, Hyundai Motor Companyand Common Goal announced their collaboration to drive change and create a more sustainable future. Hyundai Motor and Common Goal have joined forces to promote sustainability, believing that football is one of the few cultural forces that can help shift society toward a more sustainable and equitable society for all. The partnership hopes to use the power of football to rally people in support of our planet and its preservation for future generations. Hyundai and Common Goal will raise awareness and emphasize the importance of solidarity for a sustainable planet through this call to action.
In July 2022, Schulerintroduced its newly created camera-based system called “Visual Quality Inspection” (or VQI for short) that detects defective parts automatically, which can immediately correct production errors, avoid hours of delays, and improve customer relationships in the long run.
In February 2017, Gestamp Automobile India Private Limited invested US$ 40 million to establish a hot stamping plant in Pune to tailor increasing demand for safer and lightweight vehicles in the country.
In February 2017, Gestamp Automobile India Private Limited set up a new plant in Pune, in order to provide increased demand for the stamped component requirement from Ford, Tata Motors, and Fiat Chrysler Automotive (FCA).

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Two Wheeler Lead Acid Batteries Market : is forecast to reach a valuation of US$ 4.9 Bn in 2022. Expansion of the automotive sector across the globe is expected to boost sales at a 5.8% CAGR. Against this backdrop, the market valuation is projected to reach US$ 7.3 Bn by 2029.

X-by-Wire Market : to grow with year-on-year value growth of 13.9% in 2022 reaching a value of about US$ 39 Bn by 2022 end.

Marine Fin Stabilizer Market : represented historical CAGR of 3.3% between 2014- 2021 and is further projected to expand at CAGR of 3.7% during 2022 to 2029 and reach valuation of US$ 226.9 Mn by end of 2029.

MENA Commercial Vehicles (Trucks) Market : is projected to expand at 3.4% CAGR, in terms of volume between 2022 and 2027. Sales of commercial vehicles (trucks) in MENA will reach US$ 6.57 Mn by the end of 2022.

Marine Fuel Injection System Market : to grow with a year-on-year growth of 3.4% in terms of value in 2022 reaching a value of about US$ 5,373.5 Mn by 2022 end.

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Demand for Commercial Refrigeration Compressor Market At US$ 8,567.6 Mn In 2022 | FMI

The global demand for commercial refrigeration compressors is expected to show promising growth, with a value CAGR of higher then 4% over 2022-2029. An increase in food & beverage production, along with the expansion of cold chain capacities to ensure minimize wastage and efficient storage of food, is expected to increase the demand for commercial refrigeration compressors, worldwide, over the forecast period.

Future Market Insights (FMI) has valued the commercial refrigeration compressor market at US$ 8,567.6 Mn in 2022 and has predicted the market to surge at a CAGR of 4.3% to reach a valuation of US$ 13,090.8 Mn by 2032. The increase in the use of the natural and energy-efficient refrigerants is anticipated to sustain the trend over the projection tenure.

The commercial refrigeration compressors market is expected to grow at a promising rate during the forecast period, supported by the increasing number of retail stores across the globe. Furthermore, positive change in living standards and improving macroeconomic scenario have led to a significant surge in the number of organized retail stores, worldwide.

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The rapid growth of the organized retail sector characterized by the rising number of supermarkets, hypermarkets, etc., is projected to drive the growth of the overall food chain, which, in turn, is estimated to boost the sales of commercial refrigeration compressors for refrigerated display cases and other refrigeration equipment.

Commercial Refrigeration Compressors Market Analysis by Region

From a regional perspective, East Asia is a projected to be a prominent market, owing to significant growth of retail stores in the region. Europe is projected to hold a value share of around 19% in the global commercial refrigeration compressors market.

The market in Asia Pacific is anticipated to expand at a relatively high growth rate, owing to the increasing demand for refrigerated display cases, beverage vending refrigeration systems, etc., which, in turn, is projected to drive the demand for commercial refrigeration compressors in the market.

The commercial refrigeration compressors market in China is expected to be a lucrative market, and is projected to grow at a value CAGR of nearly 6% during the forecast period.

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Commercial Refrigeration Compressors Market: Vendor Insights

The report highlights some of the main companies that are operating in the global commercial refrigeration compressors market, such as Emerson Electric Co., HUAYI COMPRESSOR CO., LTD., Mitsubishi Electric Corporation, LG Electronics, Inc., The Danfoss Group, Panasonic Corporation, BITZER SE, GEA Group AG, Frascold S.p.A., Fusheng Co., Ltd., Nidec Corporation, Midea Group, Officine Mario Dorin S.p.A., Johnson Controls – Hitachi Air Conditioning, and Tecumseh Products Company LLC.

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Automotive Seating Systems Market Latest Advancements and Business Opportunities 2032

As per the report published by FMI, the global automotive seating systems market is projected to have a slow-paced CAGR of 3.10% during the forecast period. The current valuation of the market is US$ 65,462.4 Million in 2022. The market value of automotive seating systems is anticipated to reach a high of US$ 88,833.9 Million by the year 2032.

Automotive seating systems are gaining rapid traction over the last few years, owing to the increasing demand for hybrid and electric vehicles across developing economies. The market’s growth can be primarily credited to the rapid growth of the automotive industry, bolstering the expansion of the automotive seating systems market.

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According to the findings of Future Market Insights, an unprecedented spike in the demand for automotive seating systems has been witnessed due to an increasing consumer preference for mobility-on-demand services, such as car and ride-sharing. Therefore, with the rising preference for sharing cars, the durability of the seats is likely to be the most crucial aspect.

It is anticipated by the expert analysts at FMI that modular seats such as heated, powered, and ventilated applications are now getting more commercialized and are being increasingly used in most mid-end automotives. However, the high cost of automotive seating systems limits their penetration and is likely to curb the growth of the market in the coming years.

FMI has analyzed that rising safety concerns, strengthening fuel efficiency by manufacturing lightweight automotive designs, and a rise in demand for premium vehicles are majorly contributing to the propulsion of the automotive seating system market. Therefore, the automotive seating systems market is likely to have significant growth over the forecast period.

Key Takeaways from the Automotive Seating Systems Market

Europe is projected to dominate the global automotive seating systems market with a total of 25% market share during 2022-2032.
The automotive seating systems market in the European region is anticipated to advance at a CAGR of 5.5% during the forecast period.
North America is accounting for 19% market share for automotive seating systems in the global market in 2022.
The North American market for automotive seating systems is assumed to grow at a CAGR of 1.7% between 2022 and 2032.
A historical CAGR of 2.10% has been witnessed in the automotive seating systems market during the period 2016-2021.

“The broad spectrum of vehicles with a confluence of growing concern for safety features is rising the demand for intelligent seating systems with superior comfort and ergonomics.” – Says an FMI Analyst

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Competition Landscape in the Automotive Seating Systems Market

The key players in the automotive seating systems market are growing research and development activities to launch innovative products and are penetrating lucrative growth opportunities in the forum.

Furthermore, several leading players are incorporating automotive seats with smart sensors, air moving devices, high-power-density heaters, and convective heaters, which is leading to the creation of more compelling products and capitalization upon new technologies.

Johnson Controls Inc., Faurecia SA, Marter Automotive Seating Systems, Toyota Boshoku Corporation, Lear Corporation, Magna International Inc., and IFB Automotive are some of the key players in the market.

Key Segments of Automotive Seating Systems Industry Survey

Automotive Seating Systems Market by Vehicle Type:

Automotive Seating Systems for Passenger Cars
Automotive Seating Systems for Light Commercial Vehicles
Automotive Seating Systems for Heavy Commercial Vehicles

Automotive Seating Systems Market by Seat Type:

Automotive Split Seat Systems
Automotive Bench Seat Systems
Automotive Split Bench Seat Systems

Automotive Seating Systems Market by Distribution Channel:

Automotive Seating System Sales via OEM
Automotive Seating System Sales via Aftermarket

Automotive Seating Systems Market by Technology:

Heated Automotive Seating Systems
Powered Automotive Seating Systems
Powered & Heated Automotive Seating Systems
Standard Type Automotive Seating Systems

Automotive Seating Systems Market by Region:

North America Automotive Seating Systems Market
Latin America Automotive Seating Systems Market
Europe Automotive Seating Systems Market
East Asia Automotive Seating Systems Market
South Asia Automotive Seating Systems Market
Oceania Automotive Seating Systems Market
Middle East & Africa Automotive Seating Systems Market

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Recent Developments in the Automotive Seating Systems Market:

In May 2021, Toyota Boshoku introduced a cabin space that offers multimodal sensory stimulation during autonomous driving to reinvigorate its occupants with a short nap and comfortably awaken them.

In July 2020, Faurecia officially launched its new seating joint venture with BAIC with four plants in Beijing, Chongqing, Huanghua, and Xiangtan.

In 2019, Lear Corporation acquired Israel-based EXO Technologies, a leading developer of differentiated GPS technology that provides high-accuracy positioning solutions for autonomous and connected vehicle applications.

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Trim Tabs Market : is anticipated to grow at a steady CAGR of over 3.1% during the forecast period from 2022 to 2032.

Electric Motor Horn Market : is anticipated to be valued at US$ 35.1 Bn in 2022 and exhibit steady growth at a CAGR of 5.7% in the forecast period from 2022 to 2032.

Electric Vehicle Motor Market : size is stood at around US$ 48.1 Bn in 2021. As per the report, sales are expected to increase at a CAGR of 21.2%, to reach a valuation of US$ 396.3 Bn by 2032.

Marine Fuel Filter Market : is expected to record a CAGR of 5.05 % during the forecast period 2022-2032, up from US$ 1006.4 Mn in the year 2022to reach a valuation of US$ 4001.7 Mn by 2032.

Power Liftgate Market : to increase with YOY growth of 7.7% in 2022 reaching value of US$ 2,741.9 Mn by 2022 end.

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Industrial Plugs And Sockets Market demand High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2027

Industrial plugs and socketsMarket demand are used to create secure electrical connections in machinery and equipment that operate at various frequencies and voltages. Industrial plugs and sockets are used to prevent connections that are incompatible in terms of frequency, current, polarity, voltage, and type of usage due to inadvertent or deliberate mismatching of plugs. Furthermore, industrial plugs and sockets serve a variety of purposes in commerce and agriculture, as well as providing safety for the equipment to which they are connected.

Industrial plugs and sockets have high impact strength, i.e. no sudden change on increasing temperature, high insulation resistance and they generally offer good resistance to most chemicals. Furthermore, industrial plugs and sockets have typical features, such as large connection area, excellent conductivity and compact design. Many type of industrial plugs and sockets are available in the market. For example, multiphase plugs, surface mounting & panel mounting sockets.

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Industrial Plugs and Sockets Market: Dynamics

Easy installation, low cost of raw materials and the use of advanced production technologies are the factors expected to fuel growth of the industrial plugs and sockets market in the upcoming years. Safety features incorporated in these plugs and sockets, such as dust proof, water proof and explosion proof, are the key factors accelerating growth of the industrial plugs and sockets market. The global industrial plugs and sockets market is also slated to be driven by the boosting growth of heavy industry segments, such as textile, food processing, automobile and electrical industries.

Lack of awareness about the importance of industrial plugs and sockets is a key factor impeding growth of the industrial plugs and sockets market. Besides this, high cost involved in the transportation of products is another factor hampering growth of the industrial plugs and sockets market.

The industrial plugs and sockets market is expected to witness considerable growth, owing to the high demand for dustproof plugs and sockets. In the current scenario, splash-proof and dust proof variants of industrial plugs and sockets are popular and are further gaining traction in industrial use, as these have wider industrial applications. Whereas, initially, water proof industrial plugs and sockets were in high demand. These features will boost growth of the industrial plugs and sockets market.

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Industrial Plugs and Sockets Market: Regional Overview

The industrial plugs and sockets market is expected to grow significantly in the Asia Pacific region, owing to rising construction & development activities and the rapidly growing manufacturing sector in South-East Asia. Asia Pacific is estimated to register a relatively prominent CAGR as compared to other regions and is expected to remain prevalent throughout the forecast period. Considerable investments in the oil and gas industry in the Middle East region are estimated to accelerate growth of the industrial plugs and sockets market. Moreover, growth of the mining and construction sector in Africa will fuel growth of the industrial plugs and sockets market. Attributing to the increasing demand for premium products in North America and Western Europe, these regions are pegged to hold significant shares of the industrial plugs and sockets market. Growth of these regions can also be traced to growth of the automotive industry and the rising demand for plugs and sockets. Other regions, such as Eastern Europe and Latin America are estimated to grow moderately in the industrial plugs and sockets market over the forecast period.

Industrial Plugs and Sockets Market: Market Participants

Examples of some of the market participants identified across the value chain of the global industrial plugs and sockets market include:

Scame Parre S.p.A.
Legrand SA
Palazzoli S.p.A.
Amphenol Corporation
Mennekes
Marechal Electric Group
Schneider Electric SA
Power and Control
Labhya Tech
Electech International Trades

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Regional analysis includes

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

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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Automotive Conversion Kit Market – Future Scenario, Key Insights, Top Companies 2032

As per the report published by FMI, the global automotive conversion kit market is projected to have a moderate-paced CAGR of 5.5% during the forecast period. The current valuation of the market is US$ 3,746.8 Million in 2022. The market value of automotive conversion kits is anticipated to reach a high of US$ 6,490.9 Million by 2032.

Automotive conversion kits are gaining rapid traction as they enable smooth replacement of automotive parts with new parts and are thoroughly helping to customize and modify the vehicle as per the customer’s requirement.

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According to the findings of Future Market Insights, an unprecedented surge in demand for automotive conversion kits has been witnessed due to the rising trend of customization of vehicles. This product is becoming economical for the customers as they can modify their vehicles as they desire, discarding the high-cost investment of purchasing a new vehicle. It is identified that hobbyists having larger budgets prefer converting a vehicle model of a particular type over purchasing a new one.

However, it is anticipated by the expert analysts at FMI that the high cost of the kit, coupled with high installation charges, is likely to hamper the expansion of the forum in the long run.

FMI has analyzed that escalating safety measures are being considered while driving a vehicle, and the customers are inclining towards greater comfort and support. Additionally, there is a rising trend toward low environmental burden and an underpinning need for improving the essential functions of automobiles, such as turning, running, and stopping, which is likely to boost the market growth for automotive conversion kits.

Key Takeaways from the Automotive Conversion Kit Market

Europe is projected to dominate the global automotive conversion kit market with a 27.6% market share from 2022-2032.
The North American region accounted for a market share of 23.9% during the base year.
A historical CAGR of 3.6% was witnessed during 2016-2021.
Electric Batteries are a significant sub-segment of the automotive conversion kit market on account of the increasing usage of electric vehicles in various developing countries.

“Reduction of government tax for purchasing electric vehicles and high availability of old cars that require energy saving kit, coupled with customer preference for enhanced features are likely to create lucrative growth opportunities for the manufacturers in the automotive conversion kit market.” – Says an FMI Analyst

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Competition Landscape in the Automotive Conversion Kit Market

The key players proliferating in the automotive conversion kit market are gradually shifting their focus towards the modification of vehicles, wherein they can make changes to the features and enhance them according to the desires and requirements of the customers.

They are continually indulging in modifications and getting into mergers and acquisitions (M&As) to expand the market share of automotive conversion kits further in the global forum and gain more traction during the estimated period of study.

SkyCNG, Hidlook, Canadian Electric Vehicles Ltd., Nash Fuel, Inc., Unitex Gas Equipment, EuropeGAS are some of the key players in the market.

Key Segments Profiled in the Automotive Conversion Kit Industry Analysis

Automotive Conversion Kit Market by Application:

Automotive Power Conversion Kit
- Diesel
- Propane
- CNG
- Electric Batteries and Hydrogen
Automotive Brake Conversion Kit
- Drum Brakes
  - Front Brakes
  - Rear Brakes
- Disk Brakes
  - Front Brakes
  - Rear Brakes
Automotive Lights Conversion Kit
Automotive Locking System Conversion Kit
Automotive Steering Conversion Kit
Automotive Energy Saving Conversion Kit

Automotive Conversion Kit Market by Vehicle:

Automotive Conversion Kits for Passenger Cars
Automotive Conversion Kits for Commercial Vehicles

Automotive Conversion Kit Market by Region:

North America Automotive Conversion Kit Market
Latin America Automotive Conversion Kit Market
Europe Automotive Conversion Kit Market
East Asia Automotive Conversion Kit Market
South Asia Automotive Conversion Kit Market
Oceania Automotive Conversion Kit Market
Middle East & Africa Automotive Conversion Kit Market

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Recent Developments in the Automotive Conversion Kit Market:

In March 2021- SkyCNG announce that it has entered into an agreement with Onboard Dynamics to promote and sell its GoFlo®, GoFill®, and GoVac® product lines.
In 2021- Meladh auto component launched a retrofit table electric hybrid kit for existing petrol scooters. The kit, once fitted in a petrol scooter, turns the vehicle into an electric hybrid scooter. As the name says ‘Hybrid’, the kit, once fitted in a petrol scooter, turns the vehicle into an electric Hybrid scooter.
In July 2021 – Starya Mobility come up with India’s first electric propulsion kit for scooters. The kit will be used in combination with a swappable battery. It will be used to convert gearless petrol-powered scooters into fully electric units. The kit has been developed after more than two years of extensive research.
In October 2020 – EV West announced a new Tesla crate motor kit designed to convert V8 muscle cars to EVs. The drop-in package consists of a complete Tesla drive unit, including an inverter and mounting brackets.

Top Reports Related To Automotive Market Insights

Automotive Screenwash Products Market : demand is anticipated to be valued at US$ 2.05 Billion in 2022, forecast to grow at a CAGR of 2.5% to be valued at US$ 2.62 Billion from 2022 to 2032.

Bicycle Market : is anticipated to have a stable CAGR of 5.8% during the forecast period of 2022-2032. According to FMI, the bicycle market is expected to grow from US$ 59,882.2 Mn in 2021 to US$ 109,511.7 Mn by 2032.

Automotive Engineering Services Market : is likely to strengthen its hold in the global market at a moderate CAGR of 8.6% during the forecast period. The global market holds a forecasted revenue of US$ 166.16 Bn in 2022 and is likely to cross US$ 348 Bn by the end of 2032.

Automotive Back-up Camera Market : are expected to create an incremental opportunity of more than US$ 2.6 Bn by 2022, expanding at a staggering CAGR of around 8% to 9% during the forecast period 2022-2032.

Aircraft Strut Market : is anticipated to reach US$ 3.9 Billion in 2022 and exhibit growth at a CAGR of 6.5% in the forecast period from 2022 to 2032.

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ASEAN Safety Sensors and Switches Market Size, Share & Forecast | US$ 1.59 Bn by 2028 : Exclusive Report by Future Market Insights, Inc.

The safety sensors and switches market in ASEAN countries is estimated to be worth around US$ 891 Mn in 2022. With rising adoption of ASEAN safety sensors and switches for minimizing the personal and institutional damage, the overall market is anticipated to grow at an impressive CAGR of 10.2% between 2022 and 2028, reaching a valuation of US$ 1.59 Bn by 2028.

Almost everywhere, safety sensors and switches are being installed, particularly in manufacturing and processing industries such as automotive, oil and gas, pharmaceuticals, and food and beverages, where the risk of institutional and personnel damage is high. The high demand from these industries as a result of personnel safety regulations is expected to drive the growth of the region’s safety sensors and switches market.

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Automotive & Aerospace Industry Generating Notable Demand

According to the report, the oil & gas industry’s resurgence, soaring utilization of heavy duty machinery across verticals, and thriving pace of industrial automation and Industry 4.0 adoption will collectively necessitate the demand for streamlining of safety and security measures, thereby driving the revenue of ASEAN’s safety sensors and switches market.

The pressure sensors and transducers segment is projected to account a dominant share of the ASEAN safety sensors and switches market over the assessment period. Rising adoption of these components for improving the safety of equipment and preventive maintenance is fueling sales in the market.

Pressure sensors and transducers are generally manufactured from piezoelectric materials such as quartz. They have become standard safety solutions across diverse industries including automotive, oil & gas, and power generation.

Currently, over 60% of overall demand for safety sensors and switches is underpinned by the industrial end use sector, a third of which is accounted by the automotive and aerospace industry, followed by food and beverages industry operators. FMI’s analysis reveals that oil & gas, metal & mining, and packaging industries will demonstrate high growth potential in the near future, in terms of adoption of safety sensors and switches.

The report attributes surging installations of safety sensors and switches across industrial space to the tightening regulatory framework related to workplace safety and security, particularly for industrial workers. ASEAN economies are looking forward to levy stringent safety regulations in the case of industries and commercial spaces to avoid any kind of damage or loss to property or life. This according to the report has created a potential opportunity for the safety sensors and switches market.

Moreover, while new installations of safety sensors and switches account for just-under 80% of the ASEAN’s total market value, FMI opines that the preference of end-use industries for new installation over retrofit will prevail in years to come.

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ASEAN’s Manufacturers Facing Pricing Pressure

ASEAN market competition has been witnessing incessant support from prominent safety sensors and switches market participants based overseas. All the manufacturers are competing against each other as well as with foreign players in the machine safety products market to firm up in the marketplace. Moreover, several start-ups have been considering sustainability as a key area of focus in the safety sensors and switches development. According to FMI’s analysis, this increasing competition scenario is imposing a negative impact on the price setting strategy, which is compelling manufacturers of safety sensors and switches in the ASEAN region to deliver offerings at lower prices.

Competitive Landscape

The safety sensors and switches market report profiles some of the key companies that are operating in the ASEAN safety sensors and switches market, including Schneider Electric, Honeywell International, Emerson Electric Co., Eaton, Carlo Gavazzi Automation S.p.A., OMRON Corporation, OMEGA Engineering, WIKA Alexander Wiegand SE & Co. KG, TE Connectivity, VEGA Instruments Co., Ltd., Mitsubishi Electric Corporation, Texas Instruments, Infineon Technologies AG, Murata Manufacturing Co., Ltd., Panasonic Corporation, Phoenix Contact, KEYENCE Corporation, and ZEBRA.

Read More:

https://addandclick.com/read-blog/99172

https://waoop.com/read-blog/21737

https://princepawar0.blogspot.com/2022/09/biocomposites-market-size-share-trends.html

https://liberiansocialnews.com/post/11594_biocomposites-market-2022-size-growth-analysis-report-forecast-to-2032-market-re.html

https://www.storeboard.com/blogs/business/biocomposites-market-size-top-key-players-latest-trends-regional-insights-and-global-industry-dynamics-by-2022/5528768

https://descubre.beqbe.com/biocomposites-market-in-depth-analysis

Automotive Air Filter Market is Set to Experience Revolutionary Growth by 2032

By 2032, it is anticipated that the global automotive air filter market will be worth US$ 6,680 million, up from an estimated value of US$ 5,321.3 million in 2022. In the automotive air filter market during the forecast period, a CAGR of 2.3% is anticipated.

The adoption of regulations governing greenhouse gas emissions, an increase in demand for high-end vehicles with improved passenger comfort, and an increase in automotive sales and production have all contributed to the automotive air filter market growth. The demand for electric vehicles is growing, though, which is limiting the automotive air filter market’s expansion. Throughout the projection period, technological advancements and increasing demand for multi-filtration systems are likely to present growth opportunities.

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The automotive air filter market, and in particular the cabin filter market, are both growing as a result of the ever-expanding automobile industry, particularly the cars market. The market for cabin air filters is flourishing as consumers become more aware of the need for air filters to maintain clean air and prevent dirt from entering passenger cabins.

There are numerous filters in every car. During the forecast period, this will spur automotive air filter market expansion along with increased car production. This will accelerate automotive air filter market expansion along with increased car production.

Throughout the projection period, a steady automotive air filter market growth in the North American market is anticipated. The enormous vehicle fleet and high average annual mileage in nations like the United States and Mexico are driving the automotive air filters market in this region. The majority of parking spaces are occupied by passenger cars and light commercial vehicles (LCVs) in North America. Automotive air filter market expansion is likely to be encouraged by strict laws and regulations created by the governments of the United States and Canada to reduce alarming pollution levels.

Key Takeaways:

A maximum CAGR of 2.1% is projected for the automotive air filter market cabin segment.
In North America, the automotive air filter market is anticipated to grow to 15% of the global market.
Europe will control about 24% of the global automotive air filter market by 2022.
During the forecast period, APAC’s automotive air filter market is anticipated to grow at one of the fastest rates worldwide.
Sales of electric vehicles are booming in China, and many automakers are still experimenting with this form of transportation.
One of the most important markets for luxury vehicles in the Asia-Pacific region is Japan.

Start-up Ecosystem:

Filters2Go

Air filters for commercial and automotive use are distributed by Filters2Go, a company based in the US. There are filters available for air conditioners, purifiers, pleated, dust, cabins, and activated carbon. Additionally available are HEPA vacuum cleaners and fresh filters.

Freudenberg Filtration Technologies L.P.

The company Freudenberg Filtration Technologies L.P. produces MicronAir® and Viledon® air filters and filter media for use in a variety of applications, including general HVAC, automotive cabin air systems, paint spray booths, hospitals, pharmaceutical and electronics manufacturing, food, turbine applications, home vacuum cleaners, motor protection, air cleaners, and respiratory protection.

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Competitive Landscape:

MANN+HUMMEL, Donaldson Company, Inc., NGK Insulators, Ltd., Sogefi SpA, Nirvana Being, Mahle International GmbH, C & R Fab Media Private Limited, Melkev Machinery Impex, Global Filters, and Simplex Corporation are some of the major players in automotive air filter market.

Freudenberg & Co. KG, Mann + Hummel GmbH, Sogefi SpA, and Donaldson Company Inc. monopolise the automotive air filter market. Through the launch of new facilities and the release of improved air filter models, the companies have been growing their existence.

Additionally, Toyota Boshoku provides cabin air filters for Toyota, particularly in the Japanese market.

Key Segments Profiled In the Global Automotive Air Filter Market

Automotive Air Filter Market by Type:

Cabin Automotive Air Filter
Intake Automotive Air Filter

Automotive Air Filter Market by Filtering Media:

Synthetic Automotive Air Filter
Cellulose Automotive Air Filter
Activated Carbon Automotive Air Filter
Particle Automotive Air Filter

Automotive Air Filter Market by Region:

Automotive air filter market in North America
Automotive air filter market in Latin America
Automotive air filter market in Europe
Automotive air filter market in Asia Pacific
Automotive air filter market in MEA

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Recent Development:

Date	Company	Strategy	Details
October 2021	Nirvana Being	Introduction	Nirvana Being introduced its artificial car cabin filter solutions in October 2021 to provide pollution defence. To increase its market share, the company is focusing on potential South Asian markets like India.
April 2021	Mann+Hummel	Product launch	The first vehicle to be equipped with Mann+Hummel’s high efficiency particulate air (HEPA) filter to provide protection against air pollution in vehicles will be launched, the company announced in April 2021.

Top Reports Related To Automotive Market Insights

Train Seat Market : is likely to hold a value of US$ 1933 Million. With a CAGR of 4.5%, the market is projected at US$ 3001 Million during the forecast period from 2022 to 2032.

Automotive Axle Market : garnered a market value of US$ 61.2 Billion in 2022 and is expected to accumulate a market value of US$ 74.60 Billion by registering a CAGR of 2% in the forecast period 2022-2032.

Mechanical Performance Tuning Components Market : will reach at an estimated value of US$ 197.7 Bn, registering 4% CAGR during the forecast period (2022-2029). The overall demand in the market is expected to surpass US$ 260.7 Bn by the end of 2029.

Motorcycle Suspension System Market : to grow with a CAGR 4.7% in between 2022 to 2029 reaching a value of US$ 2,381.6 Mn by 2029 end.

Automotive Windshield Washer System Market : to grow with a year on year growth of 5.7% in 2022 reaching a value of about US$ 19 Bn by 2022 end.

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Automotive Foams Market Challenges, Drivers, Outlook, Growth Opportunities – Analysis to 2032

The automotive foam market is expected to grow at a CAGR of 9.8% during the forecast period and was valued at USD 23.9 billion in 2017. The global automotive industry, which has been expanding and has in some places reached pre-recession economic levels, is expected to be the automotive foam market’s main driver.

The demand for cars is anticipated to increase as a result of rising disposable income and purchasing power parity in emerging economies from the Asia Pacific. This factor is anticipated to be positive for automotive foam market demand. The primary factors anticipated to accelerate the automotive foam market’s growth are the rising OEM preference for foam products in commercial vehicle applications and the rising demand for foam in developing nations.

On the other hand, the slowdown in the economy, proper disposal, and recycling practises are some of the main factors limiting growth in the automotive foam market and are anticipated to do so over the course of the forecast period.

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Electric vehicles are anticipated to present significant growth opportunities in the region, which will cause the Europe region to experience automotive foam market growth over the course of the forecast period. Additionally, as a result of the UK’s steady economic growth, the number of vehicles in use has grown over time.

Over the course of the forecast period, it is anticipated that the presence of significant auto manufacturers in the area, which are continually increasing their production capacity, will have an effect on regional product demand for automotive foam.

Within a short period of time, the Tesla Cybertruck has received more than 250,000 orders. By the end of 2021, it’s anticipated that production of these trucks will begin. Over the forecast period, Europe is also anticipated to experience modest automotive foam market growth.

Key Takeaways:

With regard to automotive foams, Europe commands the largest automotive foam market share. The region is projected to grow at a rate of over 24.5%.
Automotive Foams are predicted to experience rapid automotive foam market growth in North America, where they are projected to account for 21.6% of global sales in 2022.
With lucrative growth prospects, Asia-Pacific is anticipated to grow and account for a sizeable 16.4% of the global automotive foams market by 2022.
The automotive foam market is anticipated to experience significant growth in the Middle East & Africa region, which is projected to account for 9.2% of global market share in 2022.

Start-up Ecosystem:

Numerous well-known market participants, including Sarva Foam Industries Pvt. Ltd., Alpha Foam Ltd., Goldcoin Foam Pvt. Ltd., IRE-TEX Premier India Pvt. Ltd., Premratan Concast Pvt Ltd., and Royal EPE Foam Private Limited, among others, are collaborating to deliver the best-in-class Acrylic BoxCleaes for enhancing the global scene. However, there are numerous international start-ups in the automotive foams market who are moving forward to meet the demands of the automotive foams domain.

Sarva Foam Industries Private Limited

Unlisted private company Sarva Foam Industries Private Limited was established on October 8, 2018. It is situated in Bhopal, Madhya Pradesh, and is categorised as a private limited company. EPE foams are the area of expertise for Sarva Foam.

IreTex Premier India Pvt. Ltd.

One of the top producers and exporters of EPE foam and air bubbles since its establishment in 2007, IreTex Premier India Pvt. Ltd. IreTex Premier is dedicated to offering a broad selection of EPE foams and air bubble products for packaging needs that are of the highest quality and offered at affordable prices.

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Competitive Landscape:

In the global automotive foams market, some of the major players include Bridgestone Corporation, Johnson Controls, Evonik Industries AG, BASF SE, Rogers Corporation, FoamPartner, ARMACELL LLC, Woodbridge, Lear Corporation, Toray Plastics (America), Inc., The Dow Chemical Company, Recticel, Fostek Corporation, Trocellen, and Zotefoams Plc.

The automotive foam market is extremely competitive, which can be attributed to the large number of participants. A number of regional level players are also active across key growth regions, particularly in Europe, even though global players with significant automotive foam market share include Bridgestone Corporation, Johnson Controls, Evonik Industries AG, BASF SE, and Rogers Corporation.

Key Segments Profiled in the Automotive Foams Industry Survey

Automotive Foams Market by Foam Type:

Polyurethane Automotive Foam
Polyolefin Automotive Foam
Other Automotive Foam Types

Automotive Foams Market by Application:

Automotive Foams for Seating
Automotive Foams for Door Panels & Water shields
Automotive Foams for Instrument Panels
Automotive Foams for Bumper System
Automotive Foams for Other Applications

Automotive Foams Market by End Use:

Automotive Foams for Passenger Vehicles
Automotive Foams for Light Commercial Vehicles (LCV)
Automotive Foams for Heavy Commercial Vehicles (HCV)

Automotive Foams Market by Region :

North America Automotive Foams Market
Latin America Automotive Foams Market
Europe Automotive Foams Market
East Asia Automotive Foams Market
South Asia & Oceania Automotive Foams Market
Middle East & Africa Automotive Foams Market

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Recent Development:

Date	Company	Strategy	Details
November 2019	Evonik Industries	Expansion	Evonik Industries, a German manufacturer of specialty chemicals and materials, announced the expansion of Rohacell (polymethacrylimide) foam at its Albama site in the United States in November 2019. By the end of 2020, the expansion is anticipated to be completed. In many sectors, including the automotive and aerospace industries, Rohacell foam is extensively used.
March 2019	Sika AG	Acquisition	Sika AG, a Swiss manufacturer of specialty chemicals, announced in March 2019 that it had acquired Belineco LLC, a producer of polyurethane foam systems in the CIS region. The group’s trade distribution channels in Eastern Europe are anticipated to be strengthened as a result.

Top Reports Related To Automotive Market Insights

Autonomous Vehicles Market : size is expected to be valued at US$ 35,282.8 Million in 2022. The overall demand for Autonomous Vehicles is projected to grow at a CAGR of 10.9% between 2022 and 2032, totaling around 99,451 million by 2032.

Automotive Seating Market : is likely to be valued at US$ 52,941.6 million in 2022 and is predicted to secure a slow-paced CAGR of 3.40% during the forecast period. The market is expected to grow at a value of US$ 73,960.9 million by 2032.

Automotive Foams Market : demand is anticipated to be valued at US$ 42,300.0 Million in 2022, forecast to grow at a CAGR of 11.2% to be valued at US$ 122,289.2 Million from 2022 to 2032.

Automotive Electronics Market : demand is anticipated to be valued at US$ 300,332.43 Million in 2022, forecast to grow at a CAGR of 7.30% to be valued at US$ 607,574.4 Million from 2022 to 2032.

Automotive Air Filter Market : is expected to be valued at US$ 5,321.3 Million in 2022, and is projected to reach US$ 6,680 Million by 2032.

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