Market Research Blog

Sales in the global dust extractors market are slated to top US$ 2.2 Bn in 2022. Expanding at a healthy 8.5% CAGR, the market size is projected to total US$ 3.6 Bn by 2028.

Increasing need to enhance the quality of air that is being released from industrial and commercial activities is set to drive the sales in the market. Also, the ability of these extractors to collect unwanted impurities, debris, and dust from the surroundings where they are being installed is likely to propel the growth of the market.

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Besides this, rising awareness about dust control products in the cement manufacturing industry is anticipated to spur demand. Coupled with this, surging development of technologically advanced systems for dust extraction is projected to fuel the market in the forthcoming years.

While adoption of dust extractors in medium dust class will retain a dominant share over that in the low dust class in the long run, the latter is highly likely to outpace former owing to the impressive growth of commercial building sector. Sales are likely to experience a considerable hike in the forthcoming years, as the demand from major end-use sectors, particularly commercial building and offices, is on a constant rise.

Construction sites, though envisaged to remain key demand generator in the dust extractor space, will be closely trailed by the wood working segment. The report positions wood working applications of dust extractors market as an important demand contributor to the market and projects a healthy rate of growth for the dust extractor demand in wood working segment.

DYI Applications Boosting Potential of Online Sales Channels

Growing number of projects in the commercial space construction landscape will remain a significant booster for the demand growth of dust extractors at a global level. Moreover, noteworthy increase in the number of DIY applications, strongly backed by flourishing online retail channels, has been cited in the report as important factors impacting the growth of dust extractor market in years to come.

The report has attributed growth of DIY applications segment to the progress of home improvement industry, observed in the recent past. In the light of success registered by leading online distributors of DIY vacuum cleaners such as Amazon, EBay, Alibaba, and ShopClues among others, a number of organizations are strategizing their entry to the E-commerce space.

The report projects that power tools sales are likely to emerge as a popular strategy among players, which are stepping in the online retail world for DYI vacuum cleaner sales. Growing consumer preference for online channels while shopping DIY application tools is instrumenting accelerated online sales of dust extractors, as per the report findings.

However, high price point associated with high-capacity vacuum cleaners will continue to restrain the accelerated growth of dust extractor market in the long run. In line with the potential competitive edge offered by dust extractor models with compact dimensional design and light weight, key manufacturers are following the growing trend of high R&D investments in innovative product launches.

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Japan to Rise as the Industry’s Manufacturing Hub

Europe is envisaged to emerge as a highly profitable region for the prominent consumers of dust extractors, towards the end of the forecast period. Currently, the US and Germany represent the most prominent countries generating significant demand for dust extractors, subsequently benefiting the markets in North America and Western Europe, respectively.

According to the report, the demand for dust extractors in developed regions will continue to be favorably influenced by the stringent regulatory framework of regional governments regarding the usage of vacuum cleaners. Furthermore, Japan is also anticipated to be a lucrative regional market for dust extractors, in terms of value and volume.

FMI’s analysis also depicts that Japan is currently reflecting the potential to develop into the new manufacturing hub. MEA is also projected to remain a prominent regional market for dust extractor sales, which has been primarily attributed to the robust growth of key end-use sectors across the region.

Dust Extractor Market: Vendor Landscape

The dust extractor market is largely fragmented, as a result of the strong presence of a large number of local and established players. The report provides details of some of the key players in the global dust extractor market, such as Milwaukee Tool, Alfred Kärcher SE & Co. KG, Makitra Corporation, Hilti Group, Robert Bosch GmbH, DeWalt (acquired by Stanley), Metabowerke GmbH, Panasonic Corporation, Nilfisk Inc., Tennant Company, Numatic International Ltd., Electrostar GmbH (Starmix), Bisell Inc., Fiorentini / Clemas & Co., Verimark (Pty) Ltd., and C & E Fein GmbH.

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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.

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The system that makes it easier for a vehicle to move in reverse direction in a precisely straight line is defined as trailer assist system. With the help of trailer assist system, the drivers do not require to rethink the circumstances when reversing with the trailer. Moving the trailer to the right and steering wheel to the left is not required with trailer assist system. To reverse with a trailer assist system, the reverse gear has to be selected by the driver and the button has to be pressed to activate the system. The steering angle can be seen on the cluster of the instrument.

The intended direction can be set by using the mirror adjustment switch which functions like a joystick and helps the driver only to operate with the brakes and accelerator as the steering commands are received by the vehicle which is given by the trailer assist system.  This helps to automatically move the trailer in the required direction.

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Trailer Assist System Market: Dynamics

The demand for comfort and safety has always been a prime inclination in vehicles and its manufacturing. Accidents are increasing due to inefficiency of the drivers while parking a vehicle. To minimize these errors by the drivers and to mitigate the risk to prevent accidents will lead the market for trailer assist system.

Depending on the different functioning of the vehicles, trailer assist system has different functioning from passenger cars to LCVs and HCVs. Therefore, it will lead the manufacturers to manufacture more efficient trailer assist system which will drive the market during the forecast period.

Trailer Assist System Market: Market Participants

Examples of few of the key market participants in the global trailer assist system market, identified across the value chain include:

• Continental AG
• Robert Bosch GmbH
• Magna International
• WABCO
• Westfalia
• Valeo
• Garmin
• Dornerworks
• Carit Automotive
• Towgo
• Echomaster
• Cogent Embedded

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The trailer assist system market report covers exhaustive analysis on:

• Trailer Assist System Market Segments
• Trailer Assist System Market Dynamics
• Trailer Assist System Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved
• Trailer Assist System Technology
• Trailer Assist System Value Chain

Regional analysis of trailer assist system market 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 global industrial battery chargers market is projected to witness growth at a CAGR of 8.5%, to create an absolute $ opportunity of more than US$ 2.25 Bn in 2022. The sales in industrial battery chargers are expected to exceed US$ 3.67 Bn by the end of 2028.

The most recent market research data from Future Market Insights indicates that more than 1.3 million industrial battery chargers were sold in 2018. (FMI). The study predicts that in 2022, purchases of industrial battery chargers will rise by more than 7%.

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Rising new grid sales call for the use of secondary or rechargeable batteries for energy distribution and transmission, which strongly encourages regional and local governments to provide subsidies for the purchase of affordable alternative energy systems. According to the FMI report, this will be crucial in boosting industrial battery charger sales in the future.

As industrialization continues to generate ever-growing demand for energy storage, the industrial battery chargers are likely to witness heavy adoption. More than 35% of the global demand for industrial battery chargers is accounted by IT & data center, and energy & power industries, as indicated by FMI’s analysis.

• SLA (sealed lead acid) batteries, representing a dominant market value share, will face strong competition from NiCd (Nickel-Cadmium) and plante batteries in coming years.
• FCBC (float cum boost) and dual FCBC configurations are likely to emerge highly lucrative for industrial battery charger manufacturers.
• Hybrid technology industrial battery chargers will reportedly emerge as the most attractive segment in industrial battery chargers market, within the next few years.

Favorable Government Initiatives to Accelerate Adoption of Industrial Battery Chargers

Increase in the energy distribution and transmission infrastructure backed by favorable governmental regulatory framework, and the flourishing trend of sustainability through non-conventional alternatives as energy sources are playing a vital role in establishing a strong adoption base for industrial battery chargers.

“The rate of industrial battery chargers’ procurement will significantly take off as electrification continues to receive strong governmental support. Mounting pace of the smart grid adoption across industries will remain another key factor encouraging preference for industrial battery chargers in the years to come,” says a senior market research professional at FMI.

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Asian & European Economies to Lead in Industrial Battery Chargers Market

Chinese and Indian industrial sectors continue to generate substantial demand for industrial battery chargers for a plethora of energy solutions. This according to the report is prominently pushing growth of industrial battery chargers market in APEJ. According to the report, APEJ currently holds almost a fourth of the total revenue of industrial battery chargers market.

In the light of significant efforts taken by European governments in the popularization and adoption of sustainable energy alternatives, it is highly likely that the demand for industrial battery chargers will be notable in Europe, which currently accounts for just-under a fourth of the global demand.

Although European countries leading the way for the increasing usage of renewable energy, developing countries are expected to emerge as game changers, looking at the rapidly improving emission patterns.

Vendor Insights: Key Companies to Remain Focused on Innovation in Terms of Efficiency

The industrial battery chargers market has been cited as a fairly consolidated competition landscape. In addition to high-efficiency, easy-to-use, and easy-to-install industrial battery chargers, the prominent companies in industrial battery charger market are focusing on their capabilities to cater to diverse specifications of a wide range of operational requirements.

Moreover, high compatibility with harsh environmental conditions has emerged as a lucrative trend among leading providers of industrial battery chargers, which could potentially offer them a competitive edge over others in the industrial battery charger market.

• The UK’s Battery Service Hub (BSH) has been delivering industrial batteries, industrial battery chargers, and a range of charging solutions for an extensive range of equipment such as forklift trucks, EVs, access platforms, floor cleaning machines, and others. The company is expected to maintain the focus on delivering high-performance, efficient battery charging profiles. BSH is cited as an important player in the rental battery charging solutions landscape.
• The US-based EnCharge Power Systems announced the introduction of remote monitoring solutions for industrial battery charging, which allow ready remote access to real-time data.
• Storage Battery Systems, LLC (SBS) recently announced the partnership with Systems Sunlight S.A., over the soon-to-be-launched battery technologies. With an increasing number of novel, sustainable battery technologies introduced in market frequently, it is highly likely that the key players will augment R&D investments for innovation of new battery charging technologies.

Some of the major companies active in industrial battery charger market have been covered in FMI’s report, including ABB Ltd., Hitachi ltd, Exide Technologies, ENERSYS, Delta Q, Gs Yuasa International Ltd., AMETEK. Inc, Sevcon, Crown Battery Manufacturing Company, Lester Electrical, AEG Power Solutions, and Kirloskar Electric Company among others.

Industrial Battery Chargers Market By Category

Technology :

• High Frequency Chargers/Switch Mode Based
• SCR (Silicon Controlled Rectifier)/ Thyristor Based
• Ferroresonant
• Hybrid (SCR + Ferroresonant).

Battery Rated Voltage :

• Up to 24V
• 48V
• 60V
• 110V
• Above 110V

Output Charging Current :

• 15A-50A
• 51A-150A
• 151A-250A
• 251A-500A
• Above 500A

Battery Type :

• SLA Batteries
• NiCd Batteries
• Plante Batteries
• Lithium Batteries

Configuration :

• FC & BC (Float and Boost)
• FC & FCBC (Float and Float cum Boost)
• Dual FCBC (Dual Float cum Boost)
• FCBC (Float cum Boost)

End-Use Sector :

• Railways
• Energy and Power
• Mining
• Manufacturing
• IT and Data Centers
• Marine
• Telecommunications
• Infrastructure
• Oil & Gas

Region :

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

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As per the report published by FMI, the global automotive proportioning valves market is projected to have a rapid-paced CAGR of 11.8% during the forecast period. The current valuation of the market is US$ 195.1 Million in 2022. The market value of automotive proportioning valves is anticipated to reach a high of US$ 285.4 Million by the year 2032.

Automotive proportioning valves are gaining traction as they are being widely used in the vehicle’s brake systems for lowering the brake fluid applied to the axle set of the brake systems.

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According to the findings of Future Market Insights, an unprecedented surge for the product is underpinned by the rising demand for high-speed racing cars and stringent regulations to mandate the fitment of proportioning valves in passenger and commercial vehicles.

The demand for automotive proportioning valves is also anticipated to gain momentum owing to the need for maintaining a stable balance during emergency braking situations. They are likely to balance the brakes of the vehicles, simultaneously regulating the master cylinder’s fluid flow, and allowing the rear brakes to engage immediately before the front disc.

It is anticipated by the expert analysts at FMI that many unfavorable aspects are hampering the growth of the global automotive proportioning valves. Higher competitive costs, strict pollution regulations, and the use of electric vehicles are likely to stifle the market growth for automotive proportioning valves.

FMI has analyzed that certain technological advancements like the emergence of modern braking systems, and the demand for solenoid valves, with increasing passenger car manufacturing are inevitable to break through and open up new prospects for the market participants. Furthermore, the market is predicted to witness positive growth due to the expansion of the automotive industry and growing sales of LCVs and SUVs.

Key Takeaways from the Automotive Proportioning Valves Market

• During the forecast period, the automotive proportioning valves market will expand at a CAGR of 11.8% (2022-2032).
• By material type, Steel is estimated to account for the highest share of more than 33% under the material segment in terms of value in 2022.
• The LCV segment on the basis of vehicle type, is likely to dominate the market creating an incremental opportunity of nearly US$ 1,603.9 Mn from 2022 to 2032.
• The OEM segment by sales channel is set to account for more than 90.2% of the global automotive proportioning valves market.

“Key companies are deploying safe and advanced technology for increased safety regulations for passengers and drivers. Key market players are capitalizing on surging sales of LCVs and SUVs in emerging nations to increase their revenue.” – Says an FMI Analyst

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Competition Landscape in the Automotive Proportioning Valves Market 

Demand for more innovative designs and an increasing focus on manufacturing low-cost machinery and equipment are projected to continue to provide profitable business prospects for big players and new entrants in the industry.

Leading players in the global market are increasingly focusing on investing huge sums in research and development activities to introduce state-of-the-art products. They are also engaging in partnerships and collaborations with domestic players to co-develop new automotive components to cater to the ever-increasing demand from customers.

General Motors, ACDelco, Knorr-Bremse AG, Emmerson Electric Co., Wilwood Engineering, Inc., Heidts Automotive LLC, Veoneer-Nissin Inc, IBARA SEIKI CO., LTD., Baer Brakes, and Baer Inc. are some of the key players in the market.

Key Segments Profiled in the Automotive Proportioning Valves Market Industry Survey

By Product Type:

• Master Cylinder-Mounted Automotive Proportioning Valves
• Load Sensing Automotive Proportioning Valves
• Combination Valve-Mounted Automotive Proportioning Valves

By Vehicle Type:

• Conventional Vehicles
• Passenger Car
• Compact Cars
• Mid-size Cars
• SUVs
• Luxury Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Electric Vehicles

By Sales Channel:

• Original Equipment Manufacturer (OEM)
• Aftermarket

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

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Recent Developments in the Automotive Proportioning Valves Market:

• In March 2021, Bendix Commercial Vehicle Systems, LLC notified the National Highway Traffic Safety Administration (NHTSA) that the company will recall 2,090 Bendix SC-3 check valves which are part of an air-brake system, mainly due to manufacturing problems.
• In 2020, Danfoss bought Eaton’s hydraulics business to focus on its core business, which includes valves and similar other products.
• In April 2020, Veoneer announced an initial agreement to transfer its braking control business in the United States to ZF Friedrichshafen AG for global market development.

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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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As per the report published by FMI, the global skid steer loader market is projected to have a sluggish-paced CAGR of 2.3% during the forecast period. The current valuation of the market is US$ 2.35 Billion in 2022. The market value of skid steer loader is anticipated to reach a high of US$ 2.95 Billion by the year 2032.

Skid steer loaders are gaining traction and the sales can be attributed to the rising demand for energy-efficient construction equipment. The construction industry is anticipated to be the largest end-user of these machines.

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According to the findings of Future Market Insights, an unprecedented surge in the demand for skid steer loaders is witnessed due to their ability to work in tight spaces coupled with lowering operational costs, making them the most suitable and preferred option at mining and construction sites.

The demand for skid steer loaders is also anticipated to gain momentum owing to their properties like compact size, the versatility of operations, and ease of maneuver in operations that cannot be met by large vehicles. The fact that these loaders can be outfitted with different attachments like hydraulic hammers, forks, augers, stump grinders, and more, further stimulates the demand for this product.

Since they have the ability to perform multiple tasks the change of attachments is likely to have a positive impact on their adoption across the different industry verticals. However, it is anticipated by the expert analysts at FMI that the skid steer loaders are comparatively costlier and thus, the builders find it difficult to purchase or even rent them on large scale. High prices are preventing the adoption of this equipment in various sectors affecting the overall growth of the skid steer loader market.

FMI has analyzed that the technological advancements in regards to engines used, operator comfort, telematics integration, and rising awareness about the end number of applications are likely to bolster the expansion of the skid steer loader market during the forecast period.

Key Takeaways from the Skid Steer Loader Market

• The Construction and Mining segment is expected to witness relatively stronger growth, expanding at a CAGR exceeding 3% during the period 2022-2032.
• The 1,251 lbs to 2,200 lbs segment dominated the market for skid steer loaders during the base year, accounting for more than 45% of the volume share.
• Asia Pacific/APAC region is expected to expand at a CAGR of over 4% during the estimated period of study by FMI.
• North America dominated the global market share for skid steer loaders in 2021 with a revenue share of more than 75%.
• North America is projected to expand at a CAGR of 2% during the forecast period.

“With the expansion of the global construction industry, coupled with the rising trend of rental systems flourishing, many new building projects are getting introduced across the countries. This is likely to impact the sales of skid steer loaders during the period 2022-2032” – Says an FMI Analyst

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Competition Landscape in the Skid Steer Loader Market 

The forum is identified to be moderately consolidated, and the biggies are making efforts to sustain their market position.

The market payers from the skid steer loader market are anticipated to have lucrative growth opportunities in the future with the rising demand and application of skid steer loaders globally. They are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations

Market players are also launching new products, and service lines, and ensuring competitive prices for acquiring larger shares.

Bobcat Company, CNH Agriculture N.V., ASV Sales & Services, Komatsu Ltd., and Wacker Neuson SE are some of the key players in the market.

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Recent Developments in the Skid Steer Loader Market:

• In September 2019, Yanmar Holdings announced the acquisition of ASV Holdings. ASV Holdings is one of the leading suppliers of skid steer loaders and compact tracked loaders. The acquisition helped Yanmar Holdings to leverage the strong dealer network of ASV Holdings and consolidate its position worldwide, especially in North America.
• In October 2018, Bobcat announced the new S100E skid steer loader with a stage V emission standard compatible engine. The machine included a rear camera, auto ride control, cushioned cylinders, LED sidelights, heated cloth air seat, and an auto-reversing fan among other prominent features.

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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
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As per the report published by FMI, the global automotive plastic interior trims market is projected to have a moderate-paced CAGR varying between 6%-8% during the forecast period. The current valuation of the market is US$ 26 Billion in 2022. The market value of automotive plastic interior trims is anticipated to reach a high of US$ 44 Billion by the year 2032.

Automotive plastic interior trims are gaining rapid traction as manufacturers in the automotive industry are continually innovating the components to be used in the interiors of vehicles. Consumers are having a tilt of preference toward more convenience, advanced safety features, and premium aspects. Therefore, it is anticipated that the automotive plastic interior trims market is likely to gain momentum over the estimated period of study.

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According to the findings of Future Market Insights, an unprecedented surge in the demand for automotive plastic interior trims has been witnessed and the market is primarily driven by the use of multiple lightweight and advanced materials with a unique finish for the vehicle interiors.

Since light interior solutions and overall weight reduction have become an important factor for vehicle manufacturers, coupled with greater comfort, the automotive plastic interior trims market is projected to have a substantial rise in sales over the period 2022-2032.

However, it is anticipated by the expert analysts at FMI that the high cost of advanced interior components and the increase in automotive import tariffs, and the longer production cycle time is likely to curb the growth of the market. For instance, earlier, the share of the electronic system in a vehicle was just 1–2% of vehicle cost, but due to the rising trend for enhanced user experience and convenience features, the share of such systems has now increased to 8–12% of the total vehicle cost.

FMI has analyzed that the rising adoption of autonomous and semi-autonomous vehicles is likely to fuel the demand for automotive plastic interior solutions as the need for integrating advanced technologies would be higher than in traditional vehicles. Automotive plastic trims are anticipated to play a greater role in concept cars having concept cars with radical designs and the latest technologies, which will further accelerate the demand for cockpit electronic systems in cars.

Key Takeaways from the Automotive Plastic Interior Trims Market

• Asia Pacific region is projected to dominate the global automotive plastic interior trims market and advance at a CAGR of 3.45% during the period 2022-2032.
• Asia Pacific/APAC has accounted for a dominant revenue share of over 45.0% during the base year.
• The Polypropylene segment for automotive plastic interior trims accounted for a revenue share of more than 30% in the base year.
• The Injection Molding segment led the market and accounted for the highest revenue share of more than 55.0% in 2021.

“The use of lightweight carbon fibers and different polymers in the production of automotive trim components are likely to create lucrative growth opportunities for the manufacturers and provide them the ability to produce high specific strength, intricate shapes, and high energy absorption features for the vehicles.” – Says an FMI Analyst

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Competition Landscape in the Automotive Plastic Interior Trims Market 

The market is found to be significantly fragmented owing to the presence of a large number of manufacturers across the globe. The global players are facing intense competition from each other along with the regional players who have strong distribution networks, coupled with incredible knowledge of regulations and suppliers.

The companies in the automotive plastic interior trim market are competing on the basis of product quality offered and the technology being used for the production of automotive plastics. The manufacturers are continually innovating and getting themselves indulged in mergers & acquisitions to gain a competitive advantage and curate high-end automotive interiors with maximum finesse.

Trinseo, Dassault Systèmes, CIE Automotive, Doughlas Corporation, TS TECH Co., Ltd., Neaton Auto Products Manufacturing, Inc., Sage Automotive Interior Trim, and ITG Company are some of the key players in the market.

Key Segments Profiled in the Automotive Plastic Interior Trims Market

Vehicle Type:

• Commercial Vehicles
• Passenger Cars

Application:

• Pillar Trims
• Door Trims
• Instruments Panels
• Armrest
• Seat Backs
• Roof Handles
• Central Consoles
• Luggage Trims
• Seat Belt Guides

Sales Channel:

• OEM
• After Market

Region:

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

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Recent Developments in the Automotive Plastic Interior Trims Market:

• In February 2022, Faurecia acquired 79.5% of Hella shares, including 60% of Hella shares from a pool of family shareholders, for approximately 52.1% in cash, 7.9% in newly issued Faurecia shares, and 19.5% as part of the settlement of the public takeover offer, which ended on November 11, 2021. This transaction implies a total investment of USD 6 billion (cash and shares).
• In November 2021, Continental developed an innovative display solution called ShyTech Display that intelligently supports drivers in keeping an eye on all the important information at all times.
• In September 2021, Continental AG and Horizon Robotics formed a joint venture to focus on delivering better solutions for the Advanced Driver Assistance System (ADAS), which will be done by integrating new hardware, including antennas, radars, and sensors.
• In June 2021, HDT Automotive Solutions LLC has agreed to purchase Veritas AG. The alliance would broaden HDT’s inventive material science and connection expertise in metal fluid, plastics, and rubber connecting devices for various automotive applications.

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About Future Market Insights (FMI) 

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

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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As per the report published by FMI, the global automotive smart antenna market is projected to have a rapid-paced CAGR of 12.2% during the forecast period. The current valuation of the market is US$ 3.94 Billion in 2022. The market value of automotive smart antennas is anticipated to reach a high of US$ 12.45 Billion by the year 2032. The base year recorded a valuation of US$ 3.44 Billion.

The automotive smart antenna is anticipated to play an integral role in establishing communication to enhance the safety and performance of the vehicles. This product is allowing original equipment manufacturers (OEMs) to fulfill customer requirements for infotainment services.

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While analyzing the automotive smart antenna market, an expert analyst reveals that gradual increase in the incorporation of wireless technology and positioning technologies such as Wi-Fi, Bluetooth, 3G/4 LTE, vehicle-to-vehicle (V2V), and vehicle-to-anything (V2X) connecting technologies in vehicles is expected to drive the global automotive smart antenna market in the current and future years.

According to the findings of Future Market Insights, smart antennas are expected to reduce the overall costs and weight of automobiles with the benefits of easier cable routing and reduced cable length, without affecting the overall design of the automotive since they are completely invisible. Improvised connectivity in automobiles is enhancing the user’s experience such as a stronger interface community, active steering, and improved connectivity.  Therefore, the automotive smart antenna market is likely to have a significant rise in demand during the estimated period.

FMI has analyzed that automotive smart antennas are becoming the most pivotal component of position location systems and they are also crucial in telematics devices, allowing easy detection of locations. However, the lack of developed infrastructure in some developing countries may create a barrier to wireless technology and in-vehicle connectivity, hampering the progression of the automotive smart antenna in the coming years.

Key Takeaways from the Automotive Smart Antennas Market

• Asia Pacific region is projected to dominate the global automotive smart antenna market with a market valuation of US$ 4,394.07 by 2032.
• The current market valuation for automotive smart antennas stands at US$ 3.94 Billion in 2022.
• The automotive smart antenna market is anticipated to record a CAGR of 12.2% during the period 2022-2032.
• Passenger Vehicles segment is identified to be the largest adopter of automotive smart antennas.

“The rising concern about traffic congestion and the increasing demand for dashboard features are likely to create lucrative growth opportunity for the market players of the automotive smart antennas market.” – Says an FMI Analyst

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Competition Landscape in the Automotive Smart Antennas Market 

The market can be described as a competitive market. The key companies have adopted several strategies to broaden their customer base worldwide. Furthermore, the manufacturers are indulging in several growth strategies with frequent innovation of smart automotive smart antennas to provide consumers with a seamless, safe, and comfortable experience.

Ace Technologies Corp., Antenova Ltd., Beijing BDStar Navigation Co. Ltd., Calearo Antenne SPA, Continental AG, Harada Industry Co. Ltd., INFAC Corp., INPAQ Technology Co. Ltd., Koch Industries Inc., Lorom Industrial Co. Ltd., LS MTRON Ltd., Panasonic Corp., Samsung Electronics Co. Ltd. are some of the key players in the market.

Key Segments Covered in the Automotive Smart Antenna Report

By Frequency:

• Ultra-High Frequency Automotive Smart Antenna
• Very High Frequency Automotive Smart Antenna
• High Frequency Automotive Smart Antenna

By Component:

• Automotive Smart Antenna
• Automotive Smart Tuner
• Automotive Smart Transceivers

By Vehicle Type:

• Automotive Smart Antenna for Passenger Cars
• Automotive Smart Antenna for Light Commercial Vehicles
• Automotive Smart Antenna for Heavy Commercial Vehicles
• Automotive Smart Antenna for Battery Electric Vehicles
• Automotive Smart Antenna for Plug-in Hybrid Vehicles

By Sales Channel:

• Automotive Smart Antenna Sales through OEMs
• Automotive Smart Antenna Sales through OESs
• Automotive Smart Antenna Sales through IAMs

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

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Recent Developments in the Automotive Smart Antennas Market:

• In August 2020, Laird Connectivity launched a new product named Revie Flex 600 and announced to launch of the Revie Flex 700 flexible PCB antennas. This product is launched to accelerate the development of wireless products for 5G, NB-IoT, and LTE-M/CAT-M Applications. This would help the company to enhance its product portfolio and increase its revenue in the near future.
• In May 2020, Airgain, Inc. launched their new product, high-power user equipment (HPUE) antenna-modem platform for the First Responder Network Authority (FirstNet) network using a module from Assure Wireless. This platform will enable superior performance for 4G and 5G communications. This will enhance the company’s product portfolio.
• In January 2019, Hella showcased its sensible and protected mobility options at the North American International auto exhibit which is the greatest motor exhibit in the USA.
• In 2018, Hirschman Car Communication/TE Connectivity has introduced its Remote Tuner Module the subsequent step in vehicles’ radio technology.
• In 2018, Hella launched its new joint project with the business enterprise BHAP, offering digital components, as HELLA BHAP Electronics Co., Ltd. • In September 2018, Airgain, Inc. launched OptumX antenna, a shot-glass MIMO LTE antenna.
• In September 2018, Airgain, Inc. launched MULTIMAX FV 5-in-1 & 6-in-1 antennas.

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About Future Market Insights (FMI) 

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

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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As per the report published by FMI, the global automotive connectivity control unit market is projected to have a rapid-paced CAGR of 10.5% during the forecast period. The current valuation of the market is US$ 4.32 Billion in 2022. The market value of automotive connectivity control units is anticipated to reach a high of US$ 11.7 Billion by 2032.

Automotive connectivity control units are gaining rapid traction as it is closely knitted with the rising demand for luxurious cars, coupled with innovations in the electronics sector. A shift in the consumer preference towards cars having incredible potential in the future automotive industry is fueling the demand for the product further.

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According to the findings of Future Market Insights, an unprecedented surge in demand for Battery Evs BEVs) and Hybrid Evs (HEVs) are a factor enhancing the market growth. In addition, the rise in the need for Advanced Driver Assistance Systems (ADAS) in amalgamation with significant improvements and convenience norms are likely to expedite the market growth rate for automotive connectivity control units.

The expert analysts anticipate at FMI that over the last few years, automotive electronics and wireless technologies have grown by leaps and bounds. Innovation, device convergence, and changing lifestyles enable automobiles to extend the driving experience beyond traditional vehicle transport. However, it is projected that the high cost of technology and technical failures may cause intermittent faults in the vehicle, and expensive repairs are likely to restrain the market growth to a great extent.

FMI has analyzed that the electronic control unit (ECU) remapping in the vehicles is jigging up the latest trends prevailing in the global automotive connectivity control unit market. The car manufacturers are maximizing their efforts toward the smooth functioning of the vehicles, improving fuel efficiency, and incorporating turbocharged engines for better engine performance.

Key Takeaways from the Automotive Connectivity Control Unit Market

• Asia Pacific region is projected to dominate the global automotive connectivity control unit market with a market share of 41.68%.
• The Passenger Cars segment of the Vehicle Type section led the market with a share of 60.11% in the automotive connectivity control unit market.
• The ICE segment led the market with a 70.12% share of the Propulsion sector.
• The 32 Bit segment has accounted for the highest market share of 40.34% for the capacity sector in the year 2021.
• The Powertrain segment for the Application sector held 26.23% of the market share in the base year.

“The increasing demand for safety features among the millennials, coupled with the rising need for up-gradation, safe, and comfortable driving experience in future vehicles altogether is majorly going to contribute in propelling the market growth of automotive connectivity control units in the global forum” – Says an FMI Analyst

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Competition Landscape in the Automotive Connectivity Control Unit Market 

The market can be described as a competitive market. The key companies have adopted several strategies to broaden their customer base worldwide. Furthermore, companies are adopting various innovative technologies and investing a hefty amount in research and development to introduce new products and enhance their offerings.

The automotive manufacturers are also integrating ECU, which offers enhanced vehicle performance and comfort.

Robert Bosch, Autoliv, Z.F. Friedrichshafen, Delphi Technologies, and Toyota are key players in the market.

Key Segments Profiled in the Automotive Connectivity Control Unit Industry Survey

Product Type:

• External Vehicle Communication Control
• In-Vehicle Communication Control

Vehicle Type:

• Passenger Vehicle Automotive Connectivity Control Unit
• Light Commercial Vehicle Automotive Connectivity Control Unit
• Heavy Commercial Vehicle Automotive Connectivity Control Unit

Sales Channel:

• Original Equipment Manufacturer (OEM)
• Aftermarket

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

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Recent Developments in the Automotive Connectivity Control Unit Market:

• On 30th August 2022, Siemens collaborated with Nissan to enrich its production lines at its plant located in Tochigi, Japan. The companies announced that the production of high-technology equipped automobiles requires high-performing ECUs/Electronic-Control Units. Hence it is necessary for Siemens and Nissan to evaluate their software portfolios in order to optimize the design and efficacy of the ECU systems, which in turn will yield a huge growth in revenue for the organizations.

• On 27th April 2022, AISIN, one of the world’s largest OEM manufacturers, joined hands with Nissan for the improvisation of its technologically advanced AUTOSAR ECU. AUTOSAR provides a number of features like electronic architecture, transfer functions of control units, etc., which can substantially improvise the efficacy of the software development, which in turn will adequately check the efficiencies and integrate each ECU unit.
• In March 2021, Bosch mobility solutions developed a V2X connectivity control unit which is the center for connectivity functionality in commercial vehicles. It enables commercial vehicles to communicate with one another and with objects in the immediate surroundings.

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About Future Market Insights (FMI) 

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

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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At the end of 2021, the market for industrial noise control was estimated to be worth $5,529.1 Mn USD. By 2028, the market is anticipated to grow at a 4.6 percent CAGR and reach a peak value of US $7,550.0 Mn. Manufacturers are concentrating on using new materials for industrial noise control solutions due to the continuously growing demand for noise control solutions.

The demand for affordable, high-quality products for industrial noise reduction is expected to increase, leading to an expansion of the industrial noise control market.

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Over 152 million units of industrial noise control systems were sold in 2021, totalling a market value worth US$ 4.8 billion. A new study by Future Market Insights (FMI) finds that industrial noise control market is expected to grow at 3.7% y-o-y in 2022. Key factors influencing the growth of industrial noise control market include,

• Growing awareness of harmful levels of industrial noise
• Increasing emphasis on the protection of workers and employees from noise pollution
• Stringent environment regulation related to industrial noise control
• Incorporation of integrated noise control technologies in advanced industrial machinery

The industrial noise control industry is witnessing a shift toward biodegradable materials over traditional materials. Manufacturers are incorporating green and sustainable materials in design and development of industrial noise control units to align with the ongoing sustainability trend.

Polymer & Composites Remain Preferred Materials, Accounted for Over 4 in 10 Sales in 2021

The FMI study finds that polymer and composites are highly preferred materials for the manufacturing of industrial noise control units. Over 4 in 10 industrial noise control units sold in 2018 were made of polymer & composites.

Polymers and composite materials have higher soundproofing properties as compared to other materials such as glass, metal and fabric. In addition, new developments in composite materials provide biodegradability and recyclability, leading to higher sales.

Vibration Isolation Units Highly Sought-After

The FMI study finds that over 8 in 10 industrial noise control units sold in 2021 were equipped with vibration isolation unit. As vibrations can significantly impact the overall productivity and durability of a range of industrial machines, industrial noise control with vibration isolation units are highly sought after.

FMI thoroughly analyzed demand trends of different vibration isolation units such as isolation/machinery pads, isolation mounts, equipment bases and spring isolators. Among these, sales of isolation mounts were higher in 2021 and the demand trend will continue in the future as manufacturers consistently introduce advanced and more efficient vibration isolation mounts.

The industrial noise control market is also studied for flexible and rigid industrial noise control instruments by FMI. While both these noise control units significantly address noise pollution issues, FMI study finds that flexible noise control units accounted for the second highest sales in 2018 and demand for rigid noise barriers is expected to grow at 4% in 2022.

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Industrial Noise Control Utilization in Internal Application Prominent, Accounted for 7 in 10 Sales in 2021

The FMI study estimates that demand for industrial noise control units for internal noise control application remained higher as compared to the application in external noise control. 7 in 10 industrial noise control units sold in 2021 were for internal application and the demand will continue to grow in the future.

Elevated sound levels at workplaces and other commercial or residential places can cause negative human health conditions such as hearing impairment, annoyance, sleep disturbance, hypertension and in some cases ischemic heart disease. Dissemination of knowledge regarding these harmful effects is contributing to increasing sales of industrial noise control units in the internal noise control application.

Growing awareness of environmental noise as a potential health concern, industrial measures are taken to address the impact of external noise sources. FMI shows that adoption of industrial noise control for external noise control application will grow at 3.9% y-o-y in 2022.

Demand for Industrial Noise Control Units Consolidates in Manufacturing Sector

According to the FMI study, the manufacturing sector remains a prominent end user of industrial noise control units. Different manufacturing industry verticals such as electrical & electronics, industrial machinery, automotive, metal and others significantly integrate industrial noise control measures.

Over 7 in 10 industrial noise control units were sold in the manufacturing sector in 2018, wherein industrial machinery vertical account for the highest sales. As keeping the noise within the OSHA levels in the different manufacturing sector is pivotal in ensuring health and wellness of employees.

Demand in East Asia Continues to Surge, Europe Represents Second Largest Market

As per FMI valuation, countries in East Asia including China, Japan and South Korea registered significant demand for industrial noise control units in 2021. In terms of sales volume, Europe followed East Asia and collectively, these regions accounted for over 6 in 10 unit sales.

China in East Asia remains leading consumer of industrial noise control. A prominent manufacturing sector in the country contributes to the significant demand for industrial noise control. In Europe, Germany followed by France and the UK accounted for considerable bulk of regional demand in 2021.

While the growth prospects seem steady for the industrial noise control market, development of advanced industrial machineries integrated with noise cancelling technologies and sound or vibration absorbers can impede the market growth in the future.

Global Industrial Noise Control Market by Category

By Material Type:

• Polymer & Composite
• Glass
• Metal
• Fabric

By Product Type:

• Flexible
  • Sound Curtains
  • Acoustic Foam
  • Acoustic Blankets
  • Sound Absorbers
• Rigid
  • Enclosures
  • Silencers
  • Ceiling Baffles
  • Test Chambers
  • Sound Proof Walls
  • Panels
  • Others
• Vibration Isolation
  • Isolation Pads
  • Isolations Mounts
  • Machinery Pads
  • Equipment Bases
  • Others

By Application:

• Internal Noise Control
• External Noise Control

By End Use:

• Manufacturing
  • Electrical & Electronics Equipment
  • Industrial Machinery
  • Automotive
  • Metal
  • Other Manufacturing
• Construction & Mining
• Healthcare

By Region:

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

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About Us

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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Future Market Insights,
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