Automotive Wheel Rims Market Latest Advancements and Business Opportunities 2032

The market for automotive wheel rims is anticipated to reach US$ 44,944.6 million in 2022 and to rise at a robust 6.20% CAGR from 2022 to 2032, reaching US$ 82,020.5 million by that year.

Wheel Rims is outer edge of a wheel, which are designed to hold tyre.  Wheel rims must be strong enough to bear vehicle weight and withstand forces caused by operation. Materials which are used to produce wheels have become sophisticated as a design and materials such as steel, non-ferrous alloys aluminium, and magnesium.  Alloy wheels are becoming popular due to appearance as well as lighter in terms of weight than the steel wheels.

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Aluminium act as a conductor of heat, alloy wheels dissipate heat from tyres and brakes more effectively than steel wheels.  Wheel rims mainly effects the braking system of a vehicle. The higher diameter wheel rim enables better airflow towards the braking system. The handling of vehicle can depends on weight of vehicle, lighter vehicles can be easily controlled in the motion of tyre. There has been tremendous developments in wheel rims industry from last couple of years. The technological advancements and innovations in the automotive wheel rims market spur new opportunities for the companies in automobile industry. Global Automotive Wheel Rims market is expected to offers lucrative market over the forecast period.

Automotive Wheel Rims Market: Drivers and restraints

There has been a healthy growth rate in the economies of Asian pacific countries, which enables propel the automotive wheel rims market. Growing disposable income of consumers along with changing the life style is expected to boost the global automotive wheel rims market. Thus, in turn, would lead to increase in demand for automotive wheel rims. Adoption of Automotive Wheel Rims has been observed to be quite less in lower and middle-income countries due to low awareness and less disposable income, this can narrow down the global automotive wheel rims market.

Automotive Wheel Rims Market: Overview

Global Automotive Wheel Rims market is gaining upsurge across the globe due to increased awareness among automobile Industry. The innovations in wheel rims enables better performance of vehicle. The global automotive wheel rims market expected to witness a significant CAGR as well as annual growth rates over the forecast period.

Automotive Wheel Rims Market: Key players

Some of the key players are

  • TSW alloy Wheels
  • Euromax Wheel
  • Maxion Wheels
  • Voxx Wheel
  • MHT Luxury Wheels
  • Sota Offroad
  • Status Wheels (TUFF A.T)
  • Fuel Offroad Wheels
  • Wheel Pros LLC.

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Automotive Wheel Rims Market: Segmentation

Global Automotive Wheel Rims Market can be segmented as following types

By Product Type

  • Wire Spoke Wheel Rims
  • Steel Disc Wheel Rims
  • Light Alloy Wheel Rims
  • Aluminium Alloy Wheel Rims
  • Magnesium Alloy Wheel Rims
  • Titanium Alloy Wheel Rims
  • Chrome Wheel Rims
  • Teflon Wheel Rims

By Size

  • 13”-20”
  • 21”-25”
  • 25”-30”

By End User

  • Manufacturing Industry
  • Workshops

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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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Bone Growth Stimulators Market Comprehensive Research Study and Strong Growth in Future 2028

Various alternative therapies and treatments for fractures, which include synthetic bone grafts, amputation, and allografts, as well as non-invasive therapies, such as electrical bone growth stimulation and low-intensity ultrasound stimulations, have been introduced, which are responsible for driving the global bone growth stimulators market. According to the latest research by FMI, the global bone growth stimulators market is expected to account for US$ 1,387.7 Mn by the end of 2029. The bone growth stimulators market is estimated to grow at a CAGR of 5.2% through the forecast period 2019-2029. However, factors such as the high prices of devices and product recalls are expected to hamper the growth of the bone growth stimulators market.

Osteoporosis and osteoarthritis are among the common disabling joint disorders that are affecting millions of elderly people across the world. Some of the most common sites of osteoporotic fractures are the spine, wrists, hips, and shoulders. Thus, the increasing population suffering from orthopedic disease is creating high demand for bone growth stimulators. The cause of delayed bone healing and fractures is not known, however, it is creating a large economic impact on the market of bone growth stimulators.

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Key Players

  • Bioventus LLC,
  • Zimmer Biomet Holdings Inc.,
  • Orthofix Holdings, Inc.,
  • DJO Global,
  • IGEA, and Ossatec Benelux Ltd.

Over the past decades, spending on healthcare has grown globally. The growth of the emerging markets and increasing geriatric population in developed economies are among factors expected to boost healthcare spending, which is expected to subsequently expand the bone growth stimulators market. Increasing healthcare spending is expected to boost the demand for bone growth stimulators, which is, in turn, predicted to create high growth opportunities for players in the bone growth stimulators market over the forecast period.

Furthermore, the increasing number of fractures and technological advancements have increased non-invasive, and rapid technologies in the healthcare industry, which is boosting the bone growth stimulators market. Moreover, manufacturers are undertaking various efforts to provide bone growth stimulators that are more versatile and more convenient for patient use. According to the World Bank, around 1.25 million people get injured in road accidents, which leads to fractures and the requirement of fusion surgeries for their treatment every year. These are some of the prime factors that are expected to drive the global Bone growth stimulators market over the forecast period 2019-2029.

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BONE GROWTH STIMULATORS MARKET STRUCTURE ANALYSIS

  • The global Bone growth stimulators market represents a consolidated competition landscape, wherein tier 1 companies of the Bone growth stimulators market hold a revenue share of approximately 80%
  • Some of the prominent companies in the Bone growth stimulators market include Bioventus LLC, Zimmer Biomet Holdings Inc., Orthofix Holdings, Inc., DJO Global, IGEA, and Ossatec Benelux Ltd.

The North America bone growth stimulators market and Europe bone growth stimulators market combined are expected to hold a share of approximately 65% of the global bone growth stimulators market during the forecast period. This can be mainly attributed to the high adoption of advanced technology and reduced hospital visits.

Based on the product type, the global bone growth stimulators market has been segmented broadly into non-invasive bone growth stimulators and invasive bone growth stimulators. Non-invasive bone growth stimulators are also segmented into various other sub-segments such as Capacitive Coupling (CC) devices, Pulsed Electromagnetic Field (PEMF) devices, Combined Magnetic Field (CMF) devices, and ultrasound bone growth stimulators. The non-invasive bone growth stimulators segment is expected to hold a prominent share of the global bone growth stimulators market.

Based on applications, the bone growth stimulators market has been segmented into trauma injury & fractures, spinal fusion surgeries, and osteogenesis. In terms of revenue, the trauma injury and fractures segment dominated the global bone growth stimulators market in 2018. Based on the end user, the bone growth stimulators market is segmented into hospitals, homecare settings, orthopaedic clinics, and ambulatory surgical centres. The hospitals segment held the maximum share of the bone growth stimulators market in 2018, and is predicted to continue to dominate the market throughout the forecast period.

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Key Segment

By Product Type 

  • Non-Invasive Bone Growth Stimulators
  • Capacitive Coupling (CC) devices
  • Pulsed Electromagnetic Field (PEMF) devices
  • Combined Magnetic Field (CMF) devices
  • Ultrasound Bone Growth Stimulators
  • Invasive Bone Growth Stimulators

By Applications

  • Trauma Injury and Fractures
  • Spinal Fusion
  • Osteogenesis

By End User

  • Hospitals
  • Orthopedic Clinics
  • Ambulatory Surgical Centers
  • Homecare settings

By Region

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

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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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Alcoholic Content Of Honey Wine Ranges From 3.6% ABV To 19% Depending Upon The Fermentation In Honey Wine Market-FMI

Honey wine is a popular alcoholic beverage with ancient, and mythological background and numerous stories build around. The modern-day honey wine is an attempt to re-introduce the traditional drink in the market with an aim to attract a much larger customer base all across the globe.

The primary driver for the growing demand for honey wine is ever growing urban demographics. The global urban population has reached 4.03 billion in 2016 accounting for almost 54.3% of the world’s population; the increasing urban population is coupled with factors such as increasing per capita disposable income, modernization, and growing preference for alcoholic drinks which is expected to fuel the growth of alcoholic beverages market including honey wine, across the globe.

The changing lifestyles, the influence of social media and other networking sites, and increasing social gatherings and club culture are factors influencing the consumer’s inclination toward alcoholic beverage honey wine. The increasing consumers’ interest in this oldest alcoholic libation has resulted in more than 400 honey wine/mead producers in the U.S in the year 2017, up from 30 in 2003, according to the American Mead Makers Association.

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Global Honey Wine market: Market Participants

The key market participants identified across the value chain of the global Honey Wine market are: The Meadery, Beecraft Mead, The Honey Wine Company, Wild Blossom Meadery & Winery, Wandering Bard Meadery, Rosewood Estates Winery & Meadery, Etowah Meadery, Martin Brothers Winery

Opportunities for Honey Wine market

The honey wine market is the anticipated witness a profitable growth over the forecast period in developed as well as developing nations. Western Europe is anticipated to be the most significant contributor for the growth of honey wine market, owing to the popularity of honey wine/mead as a famous mythological and ancient beverage, along with the increasing production of honey in the region.

In North America and other developed regions, the market of honey wine is anticipated to increase owing to a growing consumer base for alcoholic beverages, and modern lifestyles. The developing areas, like the Asia Pacific and the Middle East are considered as the growth drivers for the honey wine market owing to increasing urban demographics and per capita expenditure of the consumers. The growing culture of social gathering and clubbing has further boosted the demand for honey wine.

The manufacturers of honey wine are focusing on reaching the consumer base in untapped markets to generate sales and increase revenue. The companies are focusing on expanding and manufacturing their premium products in the regions itself, leading to comparatively lower cost of product. Besides, the honey wine manufacturers are offering honey wine blends with different flavors such as vanilla, apple, cinnamon, and others. Millennial are known for their curiosity to try new innovative flavors, owing to which an opportunity lies for the manufacturers to introduce new flavored drinks in the market.

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Brief Approach to Research Honey Wine Market

A modelling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms and end uses of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes

Key Data Points Covered in the Report

Some of the key data points covered in our report on include:

  • An overview of the honey wine market, including background and evolution
  • Macroeconomic factors affecting the honey wine market and its potential
  • Market dynamics, such as drivers, challenges and trends
  • Detailed value chain analysis of the honey wine market
  • Cost structure of the products and segments covered in the study
  • In-depth pricing analysis, by key product segments, regions and by major participants in honey wine market
  • Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
  • Analysis of the market structure, including a tier-wise categorization of key market participants
  • Competitive landscape of the honey wine market, including detailed profiles of the top players in this market

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.

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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 Fasteners Market – Future Scenario, Key Insights, Top Companies 2032

During the forecast period, it is anticipated that the global market for automotive fasteners will grow at a CAGR of 6%. The market for automotive fasteners is now valued at US$ 26,342.1 Million. By 2032, the market is anticipated to reach US$ 47,174.7 million.

Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as well as to prevent leakage of joint. Automotive fasteners comes in various shapes and coatings, colours to meet the demand of automotive fastening market along with the attractive designs and quality. Over the last decade various companies are involved into the technological research and development of the automotive fasteners, which resulted into superior quality fasteners and the growth of automotive fasteners market. Overall, the automotive fasteners market is expected to show a modest CAGR over the forecast period.

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Automotive fasteners market: Drivers and Restraints

The flourishing automobile industry and the vital importance of fasteners in automobiles is a key driving factors of automotive fasteners market. The technical developments and improvements in the quality and durability of fasteners is another driving factor in the automotive fasteners market. The easy replaceable nature of automotive fasteners makes it convenient for the end use consumers to purchase fasteners for their vehicles that would further boost the aftermarket of automotive fasteners.

However, the alternative to automotive fasteners such as clinching and welding can slowdown the growth of automotive fasteners market.

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Key Segments in The Automotive Fasteners Market

By Material:

  • Iron
  • Aluminum
  • Brass
  • Nickel
  • Stainless steel
  • Plastic

By Characteristics:

  • Removable
  • Semi-permanent
  • Permanent

By Types:

Threaded

  • Nuts
  • Screws
  • Rivets
  • Studs

Non threaded

  • Snap rings
  • Clips

By Coating:

  • Passivated coating
  • Cadmium coating
  • Dry film lube coating

By Distribution Channel:

  • OEM (Original Equipment Manufacturers)
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

Automotive fasteners market: Region wise outlook

The global fasteners market is segmented into the seven regions which includes North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa. Europe is the market leader in the automotive fasteners market owing to the largest global automobile hub. APEJ is the second major contributor in the automotive fasteners market due to the growth in the vehicles market and the aftermarket sale of the fasteners. The automobile companies such as General Motors, and Ford is making USA a significant country in the region of North America. Japan is flourishing in the automotive fasteners market because of the automobile giants like Toyota, Suzuki. Latin America and Middle East and Africa are at a nascent stage in the automotive fasteners market and is expected to have a modest CAGR in the forecast period.

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Automotive fasteners market: Key players

  • Permanent Technologies, Inc.
  • Phillips screw company
  • Westfield Fasteners Limited
  • com Inc.
  • Atotech Deutschland GmbH
  • Stanley Engineered Fastening
  • PennEngineering
  • Shanghai Tianbao Fastener Manufacturing Co., Ltd.
  • Jiangsu Xing Chang Jiang International Co., Ltd.
  • Shamrock International Fasteners
  • Birmingham Fastener, Inc.
  • Sundram Fasteners Limited

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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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Green Tire Market is Set to Experience Revolutionary Growth by 2032

The global green tires market size is projected to increase from US$ 31.1 Bn in 2022 to US$ 78.6 Bn by 2032, accelerating at a CAGR of 9.7% between 2022 and 2032. Rising demand for fuel efficient vehicles and vehicle components to reduce environmental pollution is a key factor driving the global green tires market.

Green tires are essential for lowering the price and fuel efficiency of automobiles. Changes in customer preferences for sustainable transportation options and strict laws are driving up demand for tires that are both energy-efficient and environmentally friendly.

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Green tires assist in minimizing the energy lost as a result of tire-to-rolling surface friction. Silica is used in the manufacturing of these tires to create low rolling resistance, which may eliminate tire friction on any given surface. It increases the energy efficiency of tires and raises the general level of tire and vehicle safety.

Changing consumer preferences for fuel-efficient automobiles, government regulations on carbon emissions, as well as a growth in demand from the e-commerce and logistics industries, would all boost the global market for green tire during the forecast period.

Key Takeaways of Green Tire Market Study

  • By tire size, the 18” tire size segment is projected to increase at a value CAGR of 9.1% during the forecast period.
  • In terms of vehicle type, passenger vehicles are anticipated to account for more than 68% of the global market.
  • Based on application, on-road segment is projected to grow at a value CAGR of 9.6% through 2032.
  • With implementation of stringent government regulations in the automotive industry, green tires market in Europe is projected to expand at 9.0% CAGR over the next ten years.
  • The green tire market in China is poised to expand at a value CAGR of 3% from 2022 to 2032.

“The market for green tire is expected to be supported by rising government regulations, and changing consumer preference for fuel-efficient tires. Besides this, product development with sustainable materials by prominent players coupled with adoption of strategies like collaborations and partnerships will bode well for the market.” says Future Market insights analyst

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Competitive Landscape

Market players are attempting to increase their market share by developing eco-friendly materials-based green tires and modernizing existing product lines. To increase their sales channels in the market, the major corporations are looking to partner with distributor networks and vehicle manufacturers.

Leading manufacturers of green tires also adhere to important supply trends including the introduction of new products and significant expenditures on R&D.

Continental AG, Bridgestone, Goodyear Tire & Rubber Company, Michelin Group, Pirelli & C S.p.A are a few of the market’s major participants.

Key Segments Covered in Green Tire Industry Analysis

Green Tire Market by Tire Size:

  • Below 15″
  • 16″
  • 17″
  • 18″
  • 19″
  • Above 19″

Green Tire Market by Vehicle Type:

  • Passenger Vehicle
  • LCV
  • HCV

Green Tire Market by Application:

  • On-Road
  • Off-Road

Green Tire Market by Sales Channel:

  • OEM
  • Aftermarket

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Find More Valuable Insights

The research report analyzes the market demand trends of green tire. The global market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of green tire. As per Future Market Insights’ research scope, the green tire market has been studied and segmented on the basis of tire size, vehicle type, application, and sales channel. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.

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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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High Growth Of Kokum Butter Market Is Anticipated As The Cocoa Butter Is Becoming Increasingly Expensive -FMI

The kokum butter  market is extracted by refining the Kokum kernels using chemical processes of neutralization, bleaching and deodorization. Kokum Butter is composed of beneficial compounds that help to regenerate skin cells. It has a moderate to non-existent perfume and appears like cocoa or shea butter.

Kokum butter has outstanding emollient properties and very high oxidative balance which allows kokum butter into many formulations like lotions, lip balms, and soaps. The butter extracted from the fruit kernels is rich in vitamin E, and vital fatty acids.

Kokum butter is used in dry skin remedies, hair conditioners, infected pores and skin remedies and in many skin care and beauty products. The Kokum Butter is untreated, unrefined, non-deodorized, unbleached and does not contain any chemicals. Furthermore, Kokum is appropriate for ointment, suppositories, and other pharmaceutical purposes. The ointment is used for treating the ulcer, fissures of lips, cracks or cuts in hands and feet.

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Market Segmentation:

The Kokum butter market is segmented on the basis of its applications in different industries such as pharmaceutical industry, cosmetic industry and other applications. In the pharmaceutical industry, kokum butter is majorly used in creams, skin lotions, balms, and shaving creams.

Similarly, in the cosmetic industry, kokum butter is used in conditioners, lipsticks, body butters, moisturizing creams, hair care products, soaps, and toiletries. Other application includes food products such as confectionery and bakery products.

The derivatives of Kokum butter are used as substitutes while manufacturing the chocolates, so the end product doesn’t melt throughout transport in peak summer months. Kokum butter is most stable and hardest exotic butter. It will appear flaky and cracked, though it will melt when comes in contact with skin. It is best to use this together with different oils or butter to make it more pliable and easy to use.

Market Regional Outlook:

On the basis of geography, the kokum butter market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. In regional markets, Asia Pacific is the largest producer of kokum butter followed by Africa. India is the leading manufacturer of kokum butter across the globe.

Market Drivers and Trends:

High growth of Kokum butter market is anticipated as the cocoa butter is becoming increasingly expensive and limited availability, Kokum butter is becoming more popular as the substitute of cocoa butter. Due to its uniform triglyceride composition, it is often used as a substitute for cocoa butter as it is more quickly absorbed into the skin without leaving oily feel like many other oils and butter.

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Developing market for personal care and cosmetic products has played a major role in fuelling the growth of the Kokum butter market across the globe. Kokum butter has antioxidant properties and prevents drying of the skin and helps in reducing wrinkles.

Kokum butter is rich in citric acid, polyphenols and acetic acid malic acid, and   also contains vitamin B complexes, hydroxicitric, potassium, manganese, and magnesium. Kokum butter is used in cosmetic formulations along with other ingredients to make it more pliable.

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Automotive AC Compressor Market Analysis by Size, Share, Growth, Trends up to 2032

The sales of automotive ac compressor is estimated to grow at an average CAGR of 3.9% over the forecast period. The automotive AC compressor market size is projected to reach US$ 9,342.1 Mn in 2022, and is estimated to reach US$ 13,696.2 Mn in 2032.

Growing economic values in emerging countries, as well as rising purchasing power, are predicted to boost the rise of car ownership, hence driving the automotive AC compressor market share. However, high startup and instalment costs, as well as maintenance concerns, are anticipated to limit the sales of vehicle AC compressors. On the other hand, technological advancements and the introduction of new products are projected to drive the growth of the automotive AC compressor market size.

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The increasing use of air conditioning in passenger vehicles in developing countries are likely to drive demand for automotive AC compressors during the forecast period. Furthermore, as environmental regulations tighten, vehicle makers are constantly discovering new ways to increase the fuel efficiency of compressors.  The expanding relevance of cars, such as electric and hybrid electric vehicles, is also speeding the number of new electric vehicle models in Europe, North America, Japan, and China, hence increasing sales of AC compressors.

In recent years, global warming has increased atmospheric temperature, boosting consumer demand for air conditioning in automobiles to create a more comfortable vehicle interior climate. Furthermore, increased attempts by vehicle makers to incorporate sophisticated controls in autos, as well as increased R&D spending, is anticipated to drive the automotive AC compressor market growth.

Key Takeaways from Automotive AC Compressor Market

  • By 2032, the automotive AC compressor market in the passenger car sector is expected to be worth almost USD 9 billion. Passenger cars segment is expected to grow at the fastest rate, owing to increased car sales in nations such as China and India. The proportion of passenger cars equipped with air conditioning is expected to surge.
  • By 2032, the OEM segment is anticipated to control more than 95% of the automotive AC compressor market.
  • Developing economies are spending heavily in the manufacturing sector in order to build strong export potential, which is leading to increasing car output.
  • Due to its lower expensive than its competitors, the fixed displacement compressor category is expected to grow significantly across emerging nations.
  • With a high revenue share, Asia Pacific dominates the vehicle AC compressor industry. This is due to rising automobile sales in emerging economies, particularly China and India.
  • The APAC automotive AC compressor sector is likely to advance due to improved infrastructure and increased disposable income of the middle-class population.
  • Europe has the second largest share of the automotive AC compressor market, with a revenue of 22%. This is due to the region is headquarters for major automotive OEMs.
  • By 2032, North America is anticipated to account for more than 15% of the automotive AC compressor market. The increased use of automotive AC compressors in this region is linked to a rise in the number of automobiles on the road as well as individual purchasing power in the United States and Canada.

“The cost of air conditioning systems has risen due to higher technological advancements in terms of performance and efficiency. During the projected period, this is expected to promote the growth of the automotive AC compressor market.”– FMI Analyst

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Competition Landscape in the Automotive AC Compressor Market 

The competition among automobile AC compressor key players is severe. As a result, automotive AC compressor market share is predicted to rise due to the industry’s significant technical advancements. Furthermore, the leading players are expanding their spending in research and development (R&D) efforts in order to provide clients with more efficient and cost-effective goods.

The key players in the automotive AC compressor market are Yantai Shougang TD Automotive Compressor Co. Ltd., HELLA KGaA Hueck & Co., Zhajiang Santian A/C compressor Co. Ltd., Toyota Industries, TD Automotive Compressor, Gardner Denver, Delphi PLC., SANDEN USA, Denso Auto Corporation, Michigan Automotive Compressor Inc., General Auto, OMEGA Environmental Technologies, Valeo S.A., Calsonic Kansei Corporation, Mitsubishi Heavy Industries, Highly Marelli Holdings Co. Ltd., Dunair Smiths Manufacturing PTY Ltd., Behr Hella Service GmbH, Keihin Corporation, Continental AG, Robert Bosch GmbH, SANTIAN A/C COMPRESSOR CO. LTD., etc.

Key Segments Profiled In The Automotive AC Compressor Market Survey

By Configuration:

  • Scroll Type Compressor
  • Rotary Type Compressor

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Product Type:

  • Fixed Displacement Type
  • Continuous Variable Displacement Type
  • Electrically Operated

By Sales Channel:

  • Original Equipment Manufacturer
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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Recent Developments in the Automotive AC Compressor Market:

  • MAHLE GmbH acquired the air conditioning business from Keihin Corporation in Japan in February 2021, and the four US production facilities and one development centre are currently being incorporated into the MAHLE Group.
  • Marelli Corporation struck an agreement with Shanghai Highly (Group) Co. in September 2020. Highly Marelli Holdings Co., Ltd., to form a joint venture. Ltd., which is expected to focus especially on the electrification of compressors, HVAC equipment, electric-driven compressor (EDC) systems, and other components.

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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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Lubricants for Cement Industry Market | Sales Outlook, Key Trends & Demand forecast to 2028

These lubricants for cement industry are available in different viscosities and made up from additives and base oil. The right lubricants for cement industry has to be selected in order to maintain the throughput of the cement operating plant at optimum level.

Cement and concrete manufacturing involves numerous operations that involves operations and related process in harsh physical conditions such as heavy loads, extreme temperatures, exposure to various elements and in the constant pressure of contaminants such as cement dust.

In order to achieve a seamless operation and saving abrasion of machine components cement manufacturers uses wide range of integrated equipment such as crushers, ball mills, bucket elevators, kilns, vertical mills to name a few. Throughout the supply chain of cement manufacturing from quarry, crusher to final dispatching unit these equipment are used.

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Cement manufacturing plant generally works round a clock and had a shutdown with a frequency of once a year. With round o’clock functioning these equipment are vulnerable and subjected to wear and tear which further increases downtime and maintenance cost.

Also, the extreme condition such as high temperature and loads makes the maintenance & repair of machines a very difficult task. In order to reduce the maintenance cost & downtime various manufacturers used lubricants often referred as lubricants for cement industry that enables proper functioning of the equipment.

Commercially there are numerous kind of lubricants for cement industry are available. Manufacturers develops the wide range of lubricants for cement industry having different grades tailor-made according to the need of various operations.

Lubricants for Cement Industry Market: Drivers and Restraints

The demand for the lubricants for cement industry has continuously pursued by the cement plant operators as a part of maintenance activity of the machine components. Construction industry is continuously booming across the globe which creates demand for high quality construction materials and on-site production of blended cement and mortar which in turn is expected to fuel up the demand for lubricants for cement industry.

Construction industry is anticipated to witness acceleration in large public infrastructural programs, which is expected to create public-private partnership opportunities & boosts the demand for lubricants for cement industry.

In the coming years, it is estimated that the construction and associated materials markets in emerging countries are expected to create opportunities for numerous foreign players involved in universe of lubricants for cement industry to penetrate into the regional market.

This could present significant opportunities for local firms to partner in the form of business partner or acquired by major players that want to gain a foothold in the domestic lubricants for cement industry market.

With this growing demand in construction industry the demand for high quality cement and other building product is expected to grow which in turn increases the demand for lubricants for cement industry.

Also, innovation in technologies required for the production of cement, concrete and other building materials has led to increased efficiency of manufacturing processes, leading to significant consumption of lubricants for cement industry.

However volatility in crude oil prices may hamper the market growth. The lubrication oil price is totally dependent on the price of base oil which is one of the end product of refinery process and derived through crude oil processing.

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Lubricants for Cement Industry Market: Region Wise Trends

The demand of lubricants for cement industry is totally dependent on the region or country’s construction industry. North America is expected to witness a noteworthy demand for lubricants for cement industry owning to growing demand from residential builders and educational institutes.

Europe is always considered as one of the key region provides significant growth in the consumption of lubricants for cement industry as the countries in the region is well equipped with the advanced processing techniques MEA region is also expected to witness a substantial growth due to swelling construction industry and consumer demand for lavish and luxury apartments, which in-turn boosts the demand of lubricants for cement industry.

Growing industrialization in Latin America & Japan region fuels the lubricant for cement industry market in respective regions. Developing economies such as India and China possess a significant growth in residential housing segment in order to accommodate its growing urban population.

Examples of some of the market participants in the Global Lubricants for Cement Industry Market identified across the value chain include:

  • Total
  • Exxon Mobil Corporation
  • Kluber Lubrication
  • Chevron Lubricants
  • Whitmore
  • Petrol Corporation
  • Fuchs Petrolub
  • Matrix Lubricants
  • Cenlub

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 geography, technology and applications.

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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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Burgeoning Demand For Natural Products Is Expected To Drive The Growth Of Lavandula Oil Market-FMI

Lavandula oil is an extract of plant lavender flowers scientifically known as Lavandula angustifolia.

Lavandula oil is extracted via distillation processes such as steam distillation, hydrodistillation, and solvent extraction.

Lavandula oil is also referred to as lavender oil. It is among the essential oils produced globally with a high cost of production.

Various end user sectors such as the food and beverage sector, cosmetic and personal care product sector, and pharmaceutical sectors often use lavandula oil to process their products.

The effectiveness of lavandula oil in combating health-related issues such as diabetes, cold, and cough has created a surge in demand from the pharmaceutical industry.

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It’s also active against allergies, fungi infections, insomnia, eczema, nausea, and many others.

The cosmetic sector employs lavandula oil services in their production because of its ability to prevent wrinkles, promote dry skin, fight against acne and eczema, prevent inflammation, and many others.

Lavandula oil also helps treat wounds as ancient Greeks often apply it to wounds or any skin injuries.

The global lavandula oil market is expected to grow tremendously during the forecast period as consumers are willing to spend on healthy products.

Furthermore, the application of lavandula oil in food and beverage product is another strong force expected to facilitate the growth of the lavandula oil market during the stipulated period.

Lavandula Oil Market Trends

The burgeoning demand for natural products is expected to drive the growth of lavandula oil market in a few years as consumers are switching preference towards organic, non-GMO products.

Presently, the wide application of lavandula oil in cosmetic and personal care products has a significant impact on the market’s growth over the forecast period.

The oil is used in the production of body creams, lotions, soaps, and perfumes.

Aside from utilizing in personal care products, the food and beverage industry also employs lavandula oil in their products because of the taste, aroma, and flavor it offers.

Consumers’ attraction towards natural ingredients with sweet fragrance is expected to increase demand for lavandula oil globally.

Growing population size, rising disposable income, and changing consumers’ lifestyles are other factors expected to facilitate the market’s growth during the forecast period.

A healthy CAGR is anticipated over the foreseeable period as major players adopt new strategies to expand their products to regions where they have no foothold.

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Lavandula Oil Market: Region-wise Analysis

Europe holds the largest market share in terms of total revenue and volume contribution.

Bulgaria is the growth driver in this region and is expected to be a lucrative market for the global lavandula oil market and leading players are expanding merging with local players in this region.

The Asia Pacific is the next in line after Europe due to growing consumers’ demand for natural products and the rising population size of consumers living in the region.

However, North America remains the highest consumer of lavandula oil globally as the food and beverage industry with the pharmaceutical industry in the region is creating a surge in demand for lavandula oil.

Other regions such as the Middle East and Africa are expected to register a moderate growth during the forecast period since the market is still rising in these regions.

Lavandula Oil Market: Competitive Landscape

The market is highly fragmented with few major players operating in it. Manufacturers in the global market adopt strategies such as merging acquisition, consolidation and product innovation to enhance the sales of lavandula oil globally. Key players participating in the industry include;

  • Young Living Essential Oils
  • TERRA
  • NOW Foods
  • Ovvio Oils
  • Enio Bonchev
  • Alteya Group
  • Alpha Aromatics
  • Mother Herbs Private Limited
  • Sydney Essential Oil Co. Pty Ltd
  • NHR Organic Oils.

Region-wise Analysis

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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Global Lavandula Oil Market Segment Analysis

The global lavandula oil market can be segmented on the following basis:

By Application

  • Personal Care Product
  • Pharmaceuticals
  • Food and Beverage
  • Others

By Distribution Channel

  • Health and Beauty Stores
  • Drug Stores
  • Online Retailing
  • Others

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:

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Automotive Carbon Brake Rotors Market Future Trends, Industry Size and Forecast to 2032

The demand for automotive carbon brake rotors is estimated to grow at an moderate CAGR of 7.6% during the forecast period. The automotive carbon brake rotors market size is projected to reach US$ 5,521.3 Mn in 2022, and is estimated to reach US$ 11,485.9 Mn in 2032.

The sales of automotive carbon brake rotors are anticipated to grow as they are lightweight, heat resistant, high performing, and more durable. The most common type of automotive brake rotor used in the automotive industry is carbon, which is less likely to warp or deform and may last longer than traditional brakes. Less brake dust, greater performance in wet and dry circumstances, strong demand for racing cars, bikers, high-performance cars, and heavy trucks are additional key drivers of automotive carbon brake rotors.

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The high market penetration of major players is predicted to support the growth of the automotive carbon brake rotor market globally. However, one of the biggest challenges the market faces is fluctuating raw material prices. Advanced braking systems, when combined with other driver-assist technology, can aid slow or stop a vehicle while also ensuring overall safety.

Advanced braking systems are lighter, faster, and smarter than classic braking systems. Carbon brake rotors are used in high-performance and luxury vehicles such as Ferrari SpA, McLaren, Aston Martin Lagonda Ltd., Bentley Motors Ltd., Automobili Lamborghini SpA, Bugatti Automobiles SAS, Alfa Romeo Automobiles SpA, Porsche AG, and Corvette, driving demand for automotive carbon brake rotors.

The disadvantage of automotive carbon brake rotors is their expensive price when compared to commonly utilized standard brake rotors. Supercars and other high-performance vehicles are the main applications for automotive carbon brake rotors where cost is not a concern. These brake rotors are only utilized in high-performance and racing vehicles as they are not used in mass-produced, cost-efficient vehicles.

Key Takeaways from Automotive Carbon Brake Rotors Market

  • The largest share of the global automotive carbon brake rotors market is occupied by carbon ceramic matrix. Inorganic silicon carbide mixes, fibres, and resins are used to create carbon ceramic brake rotors.
  • By vehicle type, the global automotive carbon brake rotors market is dominated by passenger cars segment. The primary drivers of the rapid expansion in car sales and production around the world include the rise in urbanization, rising standards of living, the development of infrastructure, and the rise in average household income.
  • North America is the second largest region, accounting for 23% of the global automotive carbon brake rotor market. The prominence of racing events such as F1, MotoGP, and NASCAR, as well as rally sports and street racing, has created revenue streams for automotive carbon brake rotors in this region.
  • Europe currently holds the greatest share of the global automotive carbon brake rotors market and is predicted to maintain its lead with 31% of the market in 2022.

“Carbon brake rotor market growth is expected to be fuelled globally by strong market penetration by leading players. However, fluctuation in raw material prices is one of the market’s significant problems. –  FMI Analyst

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Competition Landscape in the Automotive Carbon Brake Rotors Market 

The global automotive carbon brake rotors market is fragmented, prominent companies are growing their businesses in various regions by developing new products and collaborating as preferred strategies. FMI researchers expect that vendors from the United States are likely to contribute most growth throughout the forecast period.

Companies in the automotive carbon brake rotors industry are planning efforts to increase their market share. Diversifying their product offerings, emphasising their USP statements, and introducing appealing features are some of the winning techniques.

The key players in the automotive carbon brake rotors market are Brembo SpA, Akebono Brake Industry Co. Ltd., Federal-Mogul Corporation, Aisin Seiki Co. Ltd., SGL Group, Fusion Brakes LLC, Surface Transforms, and Wilwood Engineering.

Key Segments Profiled in the Automotive Carbon Brake Rotors Market Survey

Type:

  • Carbon-Carbon Matrix
  • Carbon-Ceramic Matrix

By Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles

By Region:

  • North America
  • Latin America
  • The Asia Pacific
  • MEA
  • Europe

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Recent Developments in the Automotive Carbon Brake Rotors Market:

  • In December 2019, Wilwood unveiled a new rotor and hat assembly for the Trans Am Series TA2. Assembly and installation of the Spec37 GT 48-vane rotors are simplified by the elimination of rotor bolts and floating hardware.
  • Sparta created the CX3.5 high carbon iron combination to help alleviate brake noise issues that are more typical in European vehicles. To reduce noise, a precise amount of carbon flakes is added to the iron used to make CX3.5.
  • Brembo acquired SBS Friction A/S, a Danish firm that develops and manufactures motorcycle brake pads composed of sintered and organic materials, in 2020.

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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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