Market Research Blog – Page 1115 – New Product Development

Advanced Surface Treatment Chemicals: Pioneering Sustainability and Compliance in Automotive and Aerospace Sectors

Advanced Surface Treatment Chemical Market

The advanced surface treatment chemicals market is projected to reach a value of USD 9,193.1 million by the end of the 2023–2033 forecast period. The market is anticipated to grow at a noteworthy 6.3% annual rate during the projection period. The use of sophisticated surface treatment chemicals is common in the automotive, aerospace, construction, packaging, and other end-use industries. These materials can be used for a number of tasks, such as enhancing surface properties, preventing corrosion, and surface preparation.

The use of sophisticated surface treatment chemicals is frequently done to prevent corrosion on surfaces. These substances are mostly used to prevent corrosion on surfaces, especially metals. Use of surface treatment chemicals is required because corrosion can result in damage, a loss of functionality, and a shorter lifespan for the base material.

Apart from the corrosion, they are also used to enhance the adhesion property. Surface treatment chemicals such as adhesion promotors are used to enhance the adhesion or bonding between two surfaces. Applications such as coatings, adhesives, paints, where adhesion is required and crucial for performance and durability, these promotors play a vital role in increasing the adhesion.

Industries such as automotive, electronics, aerospace and others are key end use industries for these chemicals. Automotive industry is one of the key industries where these chemicals are being used to protect metal components from the corrosion. Car components which are made of metal such as engine parts, car bodies and others, to protect them from corrosion, these chemicals are used.

Advanced Surface Treatment Chemicals play a vital role in automotive industry as they are heavily employed in automotive seating, steering wheels, sound insulation components, interior rims and so on. On the other hand, these are used in the formulations of coatings and adhesives.

Advanced surface treatment chemicals are very crucial in end use industries from food, packaging, construction, automotive to high performance & demanding aerospace industry. These chemicals are also used in aerospace and defense industry, where these are used in different places such as aircraft structural parts, landing gears, turbine blades and others for various purposes.

Key Takeaways from the Advanced Surface Treatment Chemicals Market:

The Advanced Surface Treatment Chemicals industry in the United States is predicted to reach USD 1,359.8 million by 2033, increasing at a 5.1% CAGR.
The Advanced Surface Treatment Chemicals industry in India is estimated to reach a market share of USD 411.8 million, expanding at a CAGR of 5.6% by 2033.
During the forecast period, the Advanced Surface Treatment Chemicals industry in China is expected to reach a market share of USD 2,374.6 million, securing a 4.1% CAGR.
Germany’s Advanced Surface Treatment Chemicals industry is predicted to achieve a market share of USD 723.7 million, rising at a 4.6% CAGR during the forecast period.
With a CAGR of 5.5% from 2023 to 2033, the Automotive Industry is expected to dominate the Advanced Surface Treatment Chemicals industry.

How Does the Competition Look in the Advanced Surface Treatment Chemicals Market?

The Global Market is competitive in nature, where along with key players, small and medium scale players are also active in the market. Key players active in the market are focusing on the launching of new and customized products for different end use industries for instance aerospace industry. For the particular industry, the chemicals are being formulated as per the requirement as industry is highly demanding and materials used in the industry must comply with the guidelines.

Key market participants are also focused on the expansion of their production capacities to cater the growing demand of the advanced surface treatment chemicals market and also to expand their global reach. Few key players are also establishing their production facilities in East and South Asia Pacific, as these regions have skilled workforce, less regulatory scenarios, relatively less expensive raw materials and other factors.

Top Key Players in the Market

NIHON PARKERIZING INDIA PVT. LTD.
AD International
Thermax Limited
BCW Engineering
Trocellen
UACJ Corporation
Henkel AG and Co. KGaA
Keronite
Elos Medtech AB
BASF SE

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Segmentation Analysis of the Advanced Surface Treatment Chemicals Market

By Chemical Type:

Adhesion Promoters
Anti-corrosion Agents
Cleaners and Activators
Anodising Agents
Conversion Coatings
Others

By Surface Type:

Metal Surface
Plastic Surface
Glass and Ceramic Surface
Others

By End Use Industry:

Automotive
Building and Construction
Electrical and Electronics
Aerospace and Defense
Packaging
Others (Healthcare, Textile)

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia Pacific
The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
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Freestanding Large Cooking Appliance Market Set to Reach USD 30,977.5 Million by 2033, Driven by Smart Technology and Urbanization

According to newly released data from Future Market Insights (FMI), the global freestanding large cooking appliance market is estimated to reach USD 20,333.0 million in 2023, with projections indicating it will grow to USD 30,977.5 million by 2033. This growth represents a compound annual growth rate (CAGR) of 4.3% from 2023 to 2033, highlighting the increasing demand for modern kitchen solutions.

The freestanding large cooking appliance market accounts for approximately 15%-20% of the overall kitchen appliance market, showcasing its significant role within the industry. The rise of smart technology in kitchen appliances has transformed traditional cooking methods, allowing consumers to enjoy enhanced functionality and convenience.

Key Market Drivers

Urbanization and Changing Demographics: With the increasing number of nuclear families and urban dwellers, the need for efficient cooking solutions is on the rise. The modern consumer seeks appliances that not only perform efficiently but also fit seamlessly into smaller living spaces.
Rising Participation of Women in the Workforce: As more women enter the labor market, the demand for time-saving kitchen appliances grows. This shift is reshaping household dynamics and leading to greater reliance on smart cooking technologies.
Technological Innovations: The integration of electronic capabilities into kitchen appliances is driving consumer interest. Features such as energy efficiency, easy maintenance, and aesthetic versatility are becoming essential attributes in modern cooking appliances.
Retail Landscape Transformation: The preference for modern retail environments such as malls and hypermarkets is reshaping the distribution of freestanding large cooking appliances, making them more accessible to consumers.

Regional Insights

United States: The U.S. market is anticipated to maintain a significant share, projected at 20.0% by 2033. The ongoing trend of home renovations and a growing corporate population seeking convenience will drive this growth.
India: As urbanization accelerates, India’s market share is expected to increase from 2.5% in 2023 to 4.4% by 2033, fueled by rising disposable incomes and a surge in nuclear families.
Germany: Although facing a slight decline, the German market is projected to remain a key player due to its established consumer base for quality kitchen appliances.

Competitive Landscape

Investors are exploring innovative materials and production methods to enhance energy efficiency and improve the performance of thermal components. Manufacturers with large consumer bases need to keep up with industry advancements by staying updated on emerging technologies and refreshing their product offerings.

Key Companies Profiled

Samsung Electronics Co. Ltd

Morphy Richards

LG Electronics Inc.

Whirlpool Corporation

Hitachi Appliances Inc.

Koninklijke Philips N.V.

AB Electrolux

Haier Group Corporation

GE Appliances

Robert Bosch GmbH

Others

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Freestanding Large Cooking Appliances Market by Category

By Product Type:

Freestanding Hobs
Freestanding Ovens
Others

By Application:

Residential
Commercial

By Sales Channel:

Wholesalers/Distributors
Multi-Brand Stores
Specialty Stores
Hypermarket/Supermarkets
Online Retailers
Other Sales Channel

By Region:

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

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The CrossFit Apparel Market Projected to Reach USD 149 Million by 2032, Growing at a CAGR of 2.3%

The CrossFit apparel market is set for steady growth, with a projected compound annual growth rate (CAGR) of 2.3% during the forecast period from 2022 to 2032. The market, valued at approximately USD 113 million in 2022, is expected to reach USD 149 million by 2032.

Market Drivers and Trends

Influencer Marketing: The rise of fitness influencers has significantly promoted activewear, transforming consumer perceptions and driving sales in the CrossFit apparel market.
Increasing Sports Tournaments: The growing number of sports events worldwide is boosting demand for CrossFit apparel, highlighting its role in competitive fitness.
Emphasis on Performance and Comfort: Consumers are prioritizing high-quality apparel that offers both performance benefits and comfort, shaping purchasing decisions.
Post-Pandemic E-commerce Growth: The shift to online shopping during the COVID-19 pandemic has continued, expanding the market size and accessibility of CrossFit apparel.
Health Consciousness: Increased awareness of health and fitness among consumers is driving demand for CrossFit apparel as part of a healthier lifestyle.
Fashion Trends: The popularity of athleisure and fashionable sportswear is encouraging consumers to adopt CrossFit apparel for both athletic and casual wear.

Key Takeaways

The CrossFit apparel market is projected to grow from USD 113 million in 2022 to USD 149 million by 2032 at a CAGR of 2.3%.
Fitness influencers are significantly driving the popularity of CrossFit apparel through effective marketing.
An increase in global sports tournaments is enhancing the demand for CrossFit apparel.
Consumers are prioritizing performance and comfort in their activewear choices.
E-commerce has thrived post-pandemic, expanding access to CrossFit apparel.
The growing trend of athleisure is positioning CrossFit apparel as a fashionable choice for various occasions.

Some of the Recent Developments in Crossfit Apparel Market

As part of a three-year strategic partnership agreement signed with the franchise, global sports brand PUMA launched a Royal Challenger Bangalore (RCB) athleisure range.
Eastbay and Champs Sports have announced the launch of Eastbay Performance, a new apparel line. The collection includes compression tops, tanks, tights, tees, jackets, and shorts for training, and fleece pants and hoodies for casual wear.
Kappa, a leading Italian fashion sports brand, and Hyosung, a comprehensive fiber manufacturer that produces world-class products and provides value chain solutions from textile mill to the brand to consumer, have announced a partnership to launch Kappa’s new K-Spirit e-sports apparel collection at the Tencent Global E-Sports Arena (TGA).

Key Companies

Adidas AG
Reebok International Limited
Anta Sports Products Limited
ASICS Corporation
Columbia Sportswear Company
Elite Sportswear
LP
Hanesbrands Inc.
NIKE, Inc.
Patagonia Inc.
Puma SE
Under Armour Inc.

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Key Segments

By Product:

Shirts
Pants
Others
Shorts
Sweatshirts & Hoodies
Tank-top

By Material Type:

Nylon
Wool
Polyester
Others

By Sales Channel:

Direct Sales
Franchised Stores
Specialty stores
Online retailers
Other sales channels
mono-brand stores
wholesalers/retailers

By Consumer Orientation:

Men
Women
Unisex

By Region:

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

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Market Growth: Automotive Airbag Market Expected to Hit USD 35 Billion by 2033, Growing at a CAGR of 4.4% | FMI Reports

The global automotive airbag market is projected to grow at a robust CAGR of 4.4% during the forecast period. As of 2023, the market is valued at USD 12.2 billion and is expected to reach USD 35 billion by 2033.

Several factors are driving the adoption of automotive airbags, particularly the launch of new premium and mid-level passenger vehicles that come equipped with airbags as standard. The increasing demand for safety features across all types of vehicles is anticipated to boost market growth in the coming years.

Rising disposable incomes among the growing middle-class population and increased urbanization are also expected to drive automobile sales, further enhancing the global automotive airbag market throughout the forecast period.

Curtain airbags, designed to protect passengers’ and drivers’ heads and necks during side impacts, are becoming increasingly common in vans, SUVs, and various vehicle types to improve safety. Stricter safety regulations are contributing to the expansion of the market, with a notable increase in demand for airbags in heavy-duty trucks and compact cars.

Moreover, the healthcare sector presents significant opportunities for the automotive airbag market, as these devices offer protection for patients’ necks and heads in the event of a collision. Ambulance manufacturers are now incorporating sensors that deploy airbags to provide additional safety post-accident, creating innovative prospects in the market.

Legislation such as the Intermodal Surface Transportation Efficiency Act of 1998 mandates that all automobiles and light commercial vehicles sold in the U.S. must be equipped with front passenger airbags, driving demand in the region. Additionally, recent announcements from India’s Road Transport and Highways Minister mandating a minimum of six airbags in vehicles accommodating up to eight occupants are further expected to enhance product demand and expand the market.

However, there are challenges in the market, particularly in developing countries, where the significance of airbag systems may not be well recognized by automobile owners. Many manufacturers produce low-cost airbags merely to comply with safety regulations, often at the expense of passenger safety and durability. This situation presents two major obstacles: the need to phase out inferior airbag producers and address the high costs associated with airbag systems for all vehicle types, which may impede market growth.

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Key Takeaways:

During the forecast period, India is expected to account for the largest share of the global automotive airbag market. The market in this region is expected to rise since automobile and auto-component manufacturers believe India to be one of their favoured economies for setting up manufacturing plants. Moreover, various companies have collaborated with a local carmaker to export the cars in conformity with government regulations.
The hair dryer market in the North America is predicted to develop rapidly, particularly in the U.S., during the projected period. This is attributed to rising government rules for vehicle safety and standards, quick adoption of new technology, and major investment in product innovation. Furthermore, frontal airbags have been required standard equipment for all passenger automobiles and light commercial vehicles in North America since 1998 due to strict regulation implementation.
Owing to increasing driver safety issues and burgeoning passenger vehicle manufacturing, the “passenger” vehicle type is expected to hold the greatest revenue, through the forecast period.
As it provides superior physical features such as increased impact resistance, decreased density, and a high specific heat capacity, the “nylon” yarn type, accounts for a significant share and is the most preferred type.

Competitive Landscape:

The global automotive airbag market share is experiencing a transformational period as a result of technological breakthroughs and various innovations. The creativity that goes into the production of hair dryers is predicted to continue attracting clients, creating enormous chances for major suppliers to leverage on such expanding trends and launch fresh product lines.

KEY PLAYERS:

Autoliv Inc., Takata Corporation, Daicel Corporation, Denso Corporation, Hyundai Mobis Co. Ltd., Toyoda Gosei Co. Ltd., ZF Friedrichshafen AG, Kolon Industries, Toray Industries Inc., Porcher Industries SA, Nihon Plast Co. Ltd., Delphi, Wacker Chemie AG, Hyosung Co., Toyobo Co. Ltd.

Recent Developments:

In November 2021, Autoliv, Inc., a supplier of automotive safety systems, and SSAB, a global steel manufacturer, have begun working together to research and create fossil-free steel components for car safety goods such as airbags and seatbelts.
In 2020, Hyundai Mobis Co. Ltd., acquired the semiconductor division of Hyundai Autron. This acquisition is expected to provide the capability to develop semiconductors for the automotive industry and supply them system controls on a systematic basis.

Automotive Airbag Market by Category

By Vehicle Type:

Passenger Car
Light Commercial Vehicle
Heavy Commercial Vehicle

By Product Type:

Driver Airbag
Passenger Airbag
Side Airbag
Curtain Airbag
Knee Airbag
Other Airbags

By Coating Type:

Neoprene
Silicone
Non-Coated

By Yarn Type:

Nylon
Polyester

By Sales Channel:

Original Equipment Manufacturers (OEMs)
Aftermarkets

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Future Outlook: Automotive Window Regulator Market Expected to Exceed USD 21.2 Billion by 2031, Growing at a CAGR of 4.5% | FMI Reports

The automotive window regulator market is expected to exceed USD 21.2 billion by 2031, demonstrating a strong CAGR of 4.5% throughout the forecast period.

This growth is largely attributed to the global trend among automobile manufacturers to integrate various automated features into their vehicles. A key development in this movement is the transition from manual to automated window regulators, which has become increasingly prevalent in modern automotive design.

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APEJ will Remain Largest Market for Automotive Window Regulators:
In terms of volume, Asia Pacific Excluding Japan (APEJ) is projected to remain the largest market for automotive window regulator, expanding at 4.4% CAGR during the forecast period. Sales of automotive window regulator in APEJ will reach 211,633 thousand units in 2017; by 2027 this number is estimated to surpass 300,000 thousand units.

In addition, Middle East & Africa (MEA) is expected to be second-most lucrative region in the market by 2027-end. MEA market for automotive window regulator is projected to exhibit 4.3% CAGR through 2027.

OEM will remain the preferred sales channel in the market, in terms of volume. Global sales of automotive window regulator through OEM is estimated to reach nearly 500,000 units by 2027-end. In terms of volume, OEM and Aftermarket sales channels are projected to witness parallel expansion at 3.3% CAGR during the forecast period.

Aftermarket sales channel is expected to hold low market share by 2027. This is primarily attributed to low breakdown rate, replacement rate and consumer preference to stick to default automotive window regulator present in the vehicle.

Passenger Cars to Exhibit Highest Demand for Automotive Window Regulators by 2027-end:
Adoption of automotive window regulator is expected to remain highest in passenger cars, based on vehicle type. Demand for automotive window regulator in passenger cars is expected to reach 530,539 thousand units by 2027-end. In contrast, HCVs are estimated to exhibit lowest demand for automated window regulator during the forecast period.

By construction, cable type automated window regulators will remain preferred in the market. In terms of volume, demand for double rail cable is projected to grow at 3.9% CAGR through 2027.

On the basis of product type, automated window regulators will remain dominant in the market, with their sales projected to exceed 500,000 thousand units by 2027-end. This is attributed to functionality and lightweight characteristics offered by automated window regulators.

In contrast, manual window regulators will witness a sluggish growth in sales during the forecast period. Frequent wear & tear off and complex structure of manual window regulators will impede their demand growth.

Increasing Demand for Personal Vehicles to Sustain Market Growth in APEJ:
India and China are prominent markets for car manufacturers owing to growing population and increasing need for personal vehicles. In addition, many banks and financial institutes are offering various loan schemes, making it easy for people to own a car. These factors are expected to sustain market growth in APEJ. In contrast, people in this region are shifting toward power window regulator, owing to their better functionality. This is estimated to restrain growth of the market in APEJ.

Demand for aftermarket is witnessing a surge in MEA, owing to absence of manufacturing plants in this region. GCC countries import cars form other regions for sale. Increasing consumer dependence on aftermarket is projected to fuel market growth in MEA. In contrast, factors such as political unrest and sluggish demand for automotive industry are expected to impede market growth in MEA during the forecast period.

Leading Key Players:

Brose Fahrzeugteile GmbH & CO. Kg
Grupo Antolin- Irausa SA
Hi- Lex Corporation
Imasen Electric Industrial Co. Ltd
Valeo SA
Magna International
Shiroki Corporation
Continental AG
Robert Bosch GmbH
Kongsberg Automotive
Castellon Automotive
Inteva Products
Johnan Manufacturing
Kuster Holding GmbH
IFB Automotive Pvt. Ltd
Tokai Rika
Aditya Auto Products and Engineering Pvt. Ltd

Automotive Window Regulator Market Segmentation:

By Product Type:

Manual
Automated

By Construction Type:

Cable Type
- Single Rail
- Double Rail
Arm Type
- Single Arm
- X Arm

By Vehicle Type:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

By Sales Channel:

OEM
Aftermarket

By Region:

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

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Built-In Large Cooking Appliances Market Set to Reach USD 21.8 Billion by 2033, Driven by Smart Home Technology and Energy Efficiency Trends

According to newly released data from Future Market Insights (FMI), the built-in large cooking appliances market is estimated at USD 12.2 billion in 2023 and projected to grow to USD 21.8 billion by 2033, achieving a robust CAGR of 5.9%. With approximately 7%-10% of the kitchen appliance market, this sector is experiencing significant growth driven by rising consumer demand for energy-efficient and technologically advanced products.

As smart home technology gains traction, consumers are increasingly opting for appliances featuring connectivity and advanced functionalities, such as touchscreens and remote monitoring via smartphones. Moreover, the heightened awareness of energy consumption has led many to prioritize Energy-Star rated appliances, pushing manufacturers to innovate towards sustainability.

Key Drivers of the Built-In Large Cooking Appliances Market

Smart Home Technology: Increasing consumer interest in modern appliances with connectivity features, such as touchscreens and remote monitoring.
Energy Efficiency Awareness: Rising concern over energy consumption prompting consumers to choose Energy-Star rated appliances.
Growing Disposable Income: Increased buying power leading to a preference for high-end, built-in kitchen solutions.
Urbanization Trends: The demand for space-saving appliances in compact living environments driving market growth.
Changing Consumer Habits: A shift toward modern kitchen styles and the adoption of built-in solutions due to convenience and aesthetics.
Retail Landscape Evolution: The rise of modern retail formats, such as malls and supermarkets, attracting more consumers to built-in kitchen appliances.

Key Takeaways

The built-in large cooking appliances market is projected to grow from USD 12.2 billion in 2023 to USD 21.8 billion by 2033, at a CAGR of 5.9%.
Smart home technology and connectivity features are significantly boosting consumer interest in modern kitchen appliances.
Growing awareness of energy efficiency is driving consumers toward Energy-Star rated products.
Increased disposable income is leading to a preference for high-end built-in kitchen solutions.
Urbanization is fueling demand for space-saving built-in appliances in compact living spaces.
The evolving retail landscape, including modern formats, is enhancing consumer access to built-in cooking appliances.
Manufacturers are prioritizing sustainability and eco-friendly practices to meet consumer demands.
The commercial sector’s investment in modern kitchen equipment is significantly contributing to market growth.

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Built-in Large Cooking Appliances Market by Category

Product Type:

Built-in Cooktops
Built-in Ovens
Others

By Application:

Commercial
Residential

By Sales Channel:

Wholesalers/Distributors
Multi-Brand Stores
Specialty Stores
Hypermarket/Supermarkets
Online Retailers
Other Sales Channel

By Region:

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

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Future Forecast: Car Battery Chargers Market Projected to Reach USD 43.47 Billion by 2033, with a CAGR of 7.0% | FMI Reports

The car battery chargers market is positioned for substantial growth, with projections indicating an increase to USD 43.47 billion by 2033, reflecting a significant CAGR of 7.0%. This anticipated growth highlights the rising demand for efficient charging solutions to support vehicle operation.

As the automotive industry increasingly adopts electric and hybrid technologies, the necessity for reliable charging infrastructure has become critical. Car battery chargers play a crucial role in ensuring the smooth operation of electric vehicles, providing convenience and sustainability for consumers around the globe. With technological advancements and a heightened focus on environmental sustainability, the future of the car battery chargers market looks promising, fostering innovation and improving accessibility for electric vehicle adoption.

The battery charger market is expected to grow due to the rise of smart charging systems for electric vehicles. These systems optimize energy usage based on pricing, grid constraints, and the availability of renewable energy. However, the market’s expansion may be limited by challenges such as reduced battery performance resulting from internal enthalpy changes, electrochemical polarization, and resistive heating.

In summary, the car battery chargers market is poised for robust growth, propelled by technological innovations and a global transition toward sustainable transportation solutions.

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Key Takeaways from the Car Battery Chargers Market Report:

In 2023, the United States is expected to develop the car battery chargers business with a share of 14.7%.
The car battery chargers market grew considerably to USD 20.73 billion in 2022.
The car battery chargers sector expanded at a CAGR of 6.6% from 2018 to 2022.
By 2033, China’s car battery chargers market is projected to develop with a CAGR of 7.9%.
By 2033, India’s car battery chargers industry is projected to expand with a CAGR of 7.4%.
Japan’s car battery chargers industry is likely to grow significantly, with a 7.1% share in 2023.
Australia’s car battery chargers are expected to develop with a share of 1.2 in 2023.
Germany’s car battery chargers business is expected to grow, with a share of 5.5% in 2023.
In 2023, based on the charging type, the automatic chargers segment is expected to dominate the market, with a share of 31.2%.
In 2023, a car battery charger segment is expected to dominate the market, with a share of 35.4%, based on product type.

Competitors Winning Strategies:
Models for vehicles such as cars, motorcycles, ATVs, delivery trucks, and snowmobiles are among the new car battery chargers. Electric vehicles are expected to be utilized regularly for commercial and private transportation in this new era of mobility. Also, technical cooperation has significantly impacted the entire car battery charger sector expansion.

Leading Key Players:

CTEK Holding AB
Delphi Automotive
Schumacher Electric Corporation
Clore Automotive LLC
Baccus Global LLC
Robert Bosch GmbH
Current Ways Inc
AeroVironment, Inc.
IES Synergy and Chargemaster Plc

Car Battery Chargers Market Segmentation:

By Charging Type:

Manual Charging
Automatic Charging

By Charger Type:

Smart/Intelligent Charger
Float Charger
Trickle Charger

By Portability:

Plug-In Charger
Portable Charger

By Battery Capacity:

Up to 12V
12V-48V
Above 48V

By Product Type:

Car Battery Charger
Electric Car Battery Charger

By Application:

Garage
Personal Use

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Automotive Brake System & Components Market Forecast: Projected to Reach USD 109,862.1 Million by 2033, with a CAGR of 4.7% | FMI Reports

The global automotive brake system and components market is projected to grow from USD 69,403.5 million in 2023 to USD 109,862.1 million by 2033, achieving a notable CAGR of 4.7% during the forecast period.

This market plays a vital role in ensuring vehicle safety and performance. As vehicles become increasingly advanced and sophisticated, the demand for efficient and reliable braking systems is rising. These systems are essential for controlled deceleration and stopping, converting kinetic energy into heat energy through friction. Key components of brake systems include brake pads, rotors, calipers, drums, shoes, and hydraulic systems.

The growing acceptance and demand for luxury vehicles are driving the need for advanced braking systems that provide enhanced safety and performance features. As consumers prioritize comfort and safety, the demand for high-quality brake systems in luxury cars continues to increase.

Stricter safety regulations imposed by global governing bodies are also encouraging the adoption of advanced braking technologies to improve vehicle safety standards and reduce road accidents.

Moreover, the increasing adoption of disc brakes in commercial vehicles significantly contributes to market expansion. Disc brakes offer superior performance, durability, and heat dissipation compared to traditional drum brakes. Given that commercial vehicles often operate under demanding conditions and carry heavy loads, the shift toward disc brakes is gaining traction, further driving market growth.

The Original Equipment Manufacturer (OEM) segment currently dominates the automotive brake system and components market, holding over 35.2% market share. This growth is fueled by rising consumer demand for improved vehicle control and safety, alongside the increasing adoption of passenger cars. The OEM segment is expected to exceed revenues of USD 31,679.8 million by 2022.

Among vehicle types, passenger cars represent the largest segment, accounting for a value share of 43.5%. The growing adoption of braking systems and components in passenger cars, combined with rising disposable incomes and a heightened focus on safety, is propelling the demand for these vehicles.

The preference for advanced automotive systems, including safety features like Anti-lock Braking Systems (ABS), further supports market growth. The U.S. market is estimated to generate revenues exceeding USD 12,751.6 million by the end of 2022.

Japanese automakers are focusing on research and development to introduce cutting-edge innovations in the automotive sector. Brake component manufacturers in Japan are emphasizing product innovation to meet high consumer demand and enhance production techniques, with the market expected to reach approximately USD 8,633.9 million in 2022.

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Key Takeaways for the Automotive Brake System and Components Market

Significant Market Growth: The market is projected to grow from USD 69,403.5 million in 2023 to USD 109,862.1 million by 2033, with a CAGR of 4.7%.
Essential for Vehicle Safety: Automotive brake systems are crucial for ensuring vehicle safety and performance, converting kinetic energy into heat energy through friction to enable controlled deceleration and stopping.
Luxury Vehicle Demand: The rising acceptance and demand for luxury vehicles are driving the need for advanced braking systems that offer enhanced safety and performance features.
Stringent Safety Regulations: Global safety regulations are pushing the adoption of advanced braking technologies to improve vehicle safety standards and reduce road accidents.
Disc Brakes in Commercial Vehicles: The increasing use of disc brakes in commercial vehicles is a significant growth driver, offering improved performance, durability, and heat dissipation.
Dominance of OEM Segment: The Original Equipment Manufacturer (OEM) segment holds over 35.2% market share, driven by consumer demand for better vehicle control and safety.

Competitive Landscape

Over the last few years, there has been an increase in acquisitions and growth efforts to surge the supply of automotive brake systems & components. Many leading firms are also working on technology development. Contracts & agreements, new product development, and partnerships are vital strategies renowned firms adopt to maintain their market positions.

Leading Key Players:

Continental AG
ZF Friedrichshafen AG
Delphi Automotive PLC
Valeo S.A
Federal-Mogul Holdings Corporation
Nissin Kogyo Co. Ltd
Hitachi Astemo, Ltd.
Akebono Brake Industry Co Ltd.
Magneti Marelli S.p.A
Mando Corporation
Brembo S.p.A.

Recent Developments:

In the third quarter of 2022, Continental AG obtained a substantial contract from a leading automobile manufacturer for the serial manufacturing of their semi-dry braking system (also known as Future braking System) valued at around EUR 1.5 billion (USD 1.56 billion). The system’s manufacturing is slated to begin in 2025.

ADVICS CO. LTD announced a deal in October 2022 to provide Mercedes AMG with more efficient aluminum 6-piston calipers.

Brembo SpA announced in September 2022 that it might reorganize its aftermarket goods into four divisions: Brembo Essential (entry-level products), Brembo Prime (premium products), Brembo Beyond (alternative mobility items), and Brembo Xtra (performance product line).

Automotive Brake System & Components Market Segmentation:

By Sales Channel:

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

By Vehicle Type:

Passenger Car
LCV
HCV

By Region:

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

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Electric Scooter Market Growth: Anticipated Value of USD 24.8 Billion by 2033, with a CAGR of 9.1% | FMI Reports

The global electric scooter market is projected to grow from USD 10.4 billion in 2023 to USD 24.8 billion by 2033, at a CAGR of 9.1% over the forecast period. This growth is primarily driven by government policies encouraging the use of electric vehicles, along with increasing consumer demand for eco-friendly commuting solutions.

The rising adoption of lightweight electric scooters with improved battery life is expected to contribute significantly to market revenue. Consumer awareness of environmental issues and the demand for sustainable transportation options are also major factors propelling market expansion.

Heightened concerns about air pollution and carbon emissions have spurred the shift towards electric vehicles, with electric scooters emerging as a zero-emission alternative to traditional gasoline-powered vehicles. Innovations in battery technology, especially lithium-ion batteries, have enhanced the performance, range, and affordability of electric scooters. These batteries offer longer-lasting power and faster charging times, making electric scooters more efficient and accessible to a broader market.

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Key Takeaways from the Electric Scooter Market Report:

From 2018 to 2022, the electric scooter market demand expanded at a CAGR of 7.1%
Based on product type, the maxi electric scooter segment is expected to account for a CAGR of 9.0% during the forecast period.
Global electric scooter demand in the United Kingdom is predicted to account for a CAGR of 8.9% through 2033.
In the United States, the market is expected to account for a CAGR of 0 % between 2023 and 2033.
China is projected to expand by a value CAGR of 8.7% between 2023 and 2033.
By 2033, the electric scooter market in India is anticipated to record a CAGR of 8.5% during the forecast period.

Competitive Landscape:
Leading electric scooter manufacturers increasingly focus on expanding their product offerings to strengthen their customer base. They are adopting growth strategies such as new product launches, partnerships, acquisitions, mergers, collaborations, etc. They expand their global footprint and gain a competitive edge in the market by following these strategies.

Several industry participants in the global electric scooter market also concentrate on providing their customers with interchangeable battery technologies for a more extended range.

In December 2021, with an investment of Rs 300 crore, Bajaj Auto Ltd. revealed that it will establish an electric vehicle production facility in Akurdi, Pune. The factory, on which work has already started, will be able to produce 5,000 EVs annually and will serve both domestic and international markets.

In August 2021, in India, Ola introduced the Ola S1 series, the company’s first e-scooter. The Ola S1 and Ola S1 Pro models of the electric scooter were released.

In August 2020, with a top speed of 25 km/h, Okinawa Autotech unveiled the R30, a new electric scooter that falls into the low-speed category.

Leading Key Players:

Alta Motors
Ather Energy
BMW Motorrad International
Cezeta
Energica Motor Company
Hero Eco
Johammer e-mobility GmbH
KTM AG
Mahindra GenZe
Ninebot Limited
Okinawa Autotech Pvt. Ltd
ReVolt Electric Motorbikes
Xiaomi
Yamaha Motor Company Limited.

Electric Scooter Market Segmentation:

By Product Type:

Standard
Folding
Self-Balancing
Maxi
Three-Wheeled

By Battery Type:

Li-Ion
NiMH
Lead-Based

By Technology:

Plug-In
Battery

By Region:

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

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Australia Shaving Care Market: Projected CAGR of 6.3% from 2024 to 2034

The Australian shaving care market is projected to experience a compound annual growth rate (CAGR) of 6.3% from 2024 to 2034, driven by a shift in consumer priorities toward grooming and personal care. As societal norms evolve, more men are investing in their appearance, leading to an increased demand for shaving products. The rise of e-commerce platforms has further facilitated this growth, offering Australian consumers easy access to a wide variety of products, competitive pricing, and convenient delivery options. This trend underscores the expanding market for shaving care as consumers seek quality and convenience in their grooming routines.

The global shaving care market is experiencing significant momentum, with an estimated valuation of USD 17.8 billion in 2024 and a projected growth trajectory of 7.6% CAGR from 2024 to 2034. This market is poised to reach a staggering USD 37.06 billion by 2034, driven by increasing consumer demand for personal grooming products and a shift towards natural and organic formulations.

Key Drivers of Market Growth

Consumer preferences are evolving, with a heightened focus on personal hygiene, grooming, and overall wellness. Key trends propelling this market include:

Natural Ingredients: There is a rising demand for shaving products free from harmful chemicals. Consumers are seeking safer and more sustainable options, prompting manufacturers to innovate and introduce clean-label products.
E-commerce Expansion: The growth of online retail platforms has made shaving care products more accessible, allowing consumers to explore a wide array of options conveniently.
Technological Advancements: Innovations in razor technology and product design are enhancing consumer experiences, contributing to increased sales.

Regional Insights

The market dynamics vary significantly across different regions:

United States: Expected to grow at 3.7% CAGR with strong demand for non-toxic, natural ingredient-based products.
United Kingdom: Anticipated growth of 6.1% CAGR, driven by a shift towards natural and organic shaving solutions.
Australia: Growth rate of 6.3% CAGR, as consumers increasingly prioritize grooming and personal care.
China: Projected to expand at 7.2% CAGR, supported by a growing economy and increased consumer investment in grooming products.
India: The market is set to grow at an impressive 9.4% CAGR, fueled by urbanization and changing grooming habits.

Key Companies Profiled

Conair Corporation
Havells India Ltd.
Koninklijke Philips N.V.
Panasonic Holdings Corporation
Johnson and Johnson Private Limited
ITC Limited
Procter & Gamble
WAHL
Xiaomi
Zhejiang

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Shaving Care Market Key Segments

By Product Type:

Shaving Cream
Shaving Gel
Razors & Blades
After Shave Care
- Lotion/Balm
- Splash/Gel
Trimmers

By Consumer Orientation:

Men
Women

By Price Range:

Low
Medium
Premium

By Sales Channel:

Supermarkets/Hypermarkets
Specialty Stores
Multi-Brand Stores
Discount Stores
Salon/Grooming Clubs
Drug Stores & Pharmacies
Online Retailers
Other Sales Channel

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East and Africa

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