Automotive Cups and Glass Holder Market Emerging Growth Analysis, Future Demand and Business Opportunities 2032

Globally Automotive Industry has witnessed significant transformation owing to globalizations across the globe. Moreover, technological innovations and developments in automotive industry has also created heaving competition among automotive vendors of various region. Furthermore, with the growing disposable income, the consumers are more focused towards comfort provided by the vehicle during the journey. Therefore, accessories used in the interior of the vehicle are also playing most crucial role in deciding the vehicle to be purchased by consumers. Forcing the designers to put additional efforts for the interior of the automobile. Additionally, development and introduction of Automotive cups and glass holder is one of the essential innovation in the automotive industry.

This can be attributed to the increasing consumption of beverages within the vehicle or during driving has forced the manufacturers to introduce automotive cups and glass holders at desired location with the automobile according to the need and vehicle category. Automotive cups and glass holder seems like a simple accessory in a vehicle, but the technological development leads to introduction of a spill free cups and glass holder. Furthermore, the automotive cups and glass holder market is projected to grow with a healthy CAGR during the forecast period.

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Global Automotive Cups and Glass Holder Market: Regional Outlook

Globally, the automotive industry is predominately dominated by Asia Pacific region. The region is holding significant shares in the global automotive cups and glass holder market. Additionally, the region is also projected to grow with healthy pace and maintain its prominence throughout the projected period of time. The significant increase in the population of the region mainly of China and India is creating new demand for automobiles every year, making the automotive cups and glass holder market lucrative in the region. Furthermore, the presence of leading manufacturers of automobiles in the European region is making the region to hold noteworthy share in the global automotive cups and glass holder market. Germany to lead the overall demand for automotive cups and glass holder in the European market. The market in Latin America is also anticipated to hold significant potential owing to the positive outlook of the automotive market of Brazil. Therefore, Brazil is set to drive the Latin America automotive cups and glass holder market and projected to hold healthy share in the future.

Global Automotive Cups and Glass Holder Market: Market Participants

  • Bestek
  • APA/URO Parts
  • GenuineXL
  • AutoTrust Gold
  • Dorman
  • Rugged Ridge
  • Replacement
  • Crown
  • Rampage
  • Smittybilt
  • Vertically Driven Products
  • Febi
  • RT Off-Road

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Regional analysis includes:

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

Global Automotive Cups and Glass Holder Market: Segmentation

The global automotive cups and glass holders market can be segmented on the basis of location, orientation, vehicle type, sales channel and region.

On the basis of location, the global automotive cups and glass holders market is segmented as:

  • Retractable Cup and Glass Holder
  • Built-In Cup and Glass Holders
  • Console Cup and Glass Holder
  • Dashboard Cup and Glass Holder
  • Armrest Cup and Glass Holder
  • Door Trim Cup and Glass Holder

On the basis of orientation, the global automotive cups and glass holders market is segmented as:

  • Flexible Cup and Glass Holder
  • Fixed Cup and Glass Holders

On the basis of vehicle type, the global automotive cups and glass holders market is segmented as:

  • Passenger Car
  • Compact
  • Mid-Size
  • Luxury
  • SUV
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Trucks & Trailers
  • Buses & Coaches

On the basis of sales channel, the global automotive cups and glass holders market is segmented as:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

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Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected Automotive Cups and Glass Holder 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 Automotive Cups and Glass Holder market performance
  • Must-have information for Automotive Cups and Glass Holder market players to sustain and enhance their market footprint

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Gas Generator Sets Market is Forecast to Reach a Valuation of US$ 18.9 Billion by the end of 2032

Between 2022 and 2032, the gas generator sets market is expected to develop at a 7% compound annual growth rate (CAGR). By 2032, the global gas generator sets market is expected to deploy 635 thousand units per year. The market expansion would be aided by rising data center outage costs and rising natural gas exploration activity.

Because many manufacturing factories and retail enterprises were shuttered during the lockdown, the COVID-19 pandemic had a detrimental impact on the demand for industrial gas generators set around the world.

The gaseous generator sets market is being driven by factors such as rising power consumption, a lack of reliable grid infrastructure, the requirement for emergency backup power solutions, and the demand for consistent power delivery.

Furthermore, the rising manufacturing industry’s increasing energy demands are likely to generate further market prospects for portable gas generators. However, constraints such as high implementation and operating costs, consumer preference for environmentally friendly alternatives (such as solar, fuel cells, and so on), and overcapacity are predicted to limit the gas generator sets market growth during this time period.

The gas generator sets market share is forecasted to be influenced by abundant natural gas resources and favorable government rules for the deployment of clean energy resources.

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The increasing focus on electrical security, in tandem with the continuing shale gas revolution, is expected to influence gas generator sets demand. These units are poised to take a sizable market share as emissions laws and falling gas prices hint at newer installations’ long-term usefulness.

In the projection period, the Asia Pacific region is expected to grow at a strong rate. Lower operating expenses in this region are luring companies from larger manufacturing bases, enabling the deployment of additional gas generator sets. Furthermore, the region is beginning to establish itself as a low-cost automobile manufacturing and export hub, which is predicted to hasten the adoption of these gaseous generators.

The gas generator sets market share expansion would profit from the increased need for reliable backup power solutions, as well as the financial and output losses associated with disruptions at manufacturing sites. Furthermore, the recent approval of necessary legislation favoring the resuscitation of mining activities is highly anticipated to increase the gas generator sets market adoption.

Frequent power outages have affected Indonesia’s manufacturing sector, prompting an increase in the country’s use of generator sets to maintain a consistent and steady power supply. Due to the regular power outages in these areas, South Sumatra and Jakarta are the main contributors to the gas generator sets market’s growth in Indonesia.

Key Takeaways

  • By 2028, the Asia Pacific gas generator sets market is expected to reach USD 9.2 billion. The growth of industries and retail complexes has resulted in a higher demand for reliable power, which has expanded the industry’s scale.
  • In 2021, the North American market accounted for 13.5 percent of total revenue. The business is forecasted to grow due to falling natural gas prices and expanding gas supply and distribution infrastructure, including a rise in industrial natural gas generators. The strong growth for reliable power production as a result of capacity expansion, real estate growth, and increasing industrialization is predicted to enhance the global industrial generator sets market.
  • By 2028, the market for prime power gas generator sets is expected to grow at a CAGR of 6.9%. These units are utilized in remote locations such as oil and gas operations, mines, and other places where there is no access to the public grid. The industry landscape will be accelerated by resurgent industrialization and rising infrastructure, mostly in developing countries.

Competitive Landscape

Strategic alliances, collaborations, and agreements will be crucial for gas generator sets market players. Cummins, Briggs & Stratton Corporation, Kohler, Generac Power Systems, Caterpillar, Rolls-Royce, HIMOINSA, Mahindra Powerol, Genmac, Aggreko, Eaton, Champion Power Equipment, DuroMax Power Equipment, FIRMAN Power Equipment, Westinghouse Electric Corporation, WEN Products, HIPOWER, Cooper Corp., and Camda New Energy Equipment are some of the prominent players in the market. To keep up with the industry’s fierce rivalry, prominent gas generator sets companies are focusing on product innovation and creating mergers and acquisitions.

Recent Developments

Cummins India Ltd. presented its ‘Made in India’ QSK60 G23: 2500-2750 kVA Diesel Generator in August 2021. (DG). The diesel generator set, an integrated power solution, was created in India to fulfill the growing power demands of industry segments such as data centers and large-scale infrastructure projects such as railways, airports, and other commercial venues.

Caterpillar Inc. stated in August 2020 that it had received Stationary Emergency Certification from the United States Environmental Protection Agency (EPA) for a natural gas-fuelled generator set rated at 500 kW for 60 Hz markets. Caterpillar Inc. produces and builds a variety of engines and generators, including diesel and gas generators.

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Key Segments

By Power Rating:

  • ≤ 50 kVA
  • > 50 kVA – 125 kVA
  • > 125 kVA – 200 kVA
  • > 200 kVA – 330 kVA
  • > 330 kVA – 750 kVA
  • > 750 kVA

By End User:

  • Residential
  • Commercial
  • Industrial

By Application:

  • Standby
  • Peak Shaving
  • Prime/Continuous

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

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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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Deployable Military Shelter Systems Market Challenges, Drivers, Outlook, Growth Opportunities – Analysis to 2032

Advancements in military activities, tactics, exercises and joint operations necessitated the development of niche products used by army personnel. Furthermore, witnessing the opportunity, a handful of equipment, system and solution manufacturers engaged in niche product development suitable for military application, as a result competition intensified in niche products segment used for military applications. Deployable Military Shelter System is one of such product which is used in applications ranging from temporary medical support centres to incident commands and fatality management centres to emergency distribution centres. These systems are deployed in remote area for temporary period. These systems are totally mobile in nature and are made up of technical textiles. These systems are largely used by infantry, rescue team and medical support team but constant research and development in this niche product segment unfolded new opportunities. Nowadays, availability of shelter systems for military application has not limited to support and shelter to just soldiers but also vehicles and aircrafts. A few of the North American and European companies developed deployable shelter systems to be used as hanger for aircrafts.

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Drivers & Challenges

Military shelter systems demand is directly influenced by increase in military expenditure across the globe. Annual increase in defence budget allocation has been observed in across countries, whereas the year on year increase is very high in countries with stronger economy. Global military expenditure in 2014 was estimated at over US $ 1.7 Trillion; and with growing political and military tensions in different geographies, it is projected to increase at 1.5% annually through 2025. Moreover, a substantial share of military expenditure is channelized for buying equipment and systems for on the field military support. Since, deployable shelter systems are used in field exercises, it is anticipated that the increased military expenditure across countries will bolster the demand for deployable shelter systems viz. a viz. global deployable military systems market.

Regional Landscape

In terms of geography, the global deployable military shelter systems is concentrated in few of the pockets. Usage of deployable military shelter systems is very high in developed countries of North America and Europe. However, the trend is gradually picking up the pace in developed markets. A majority of the deployable military shelter systems manufacturers are dependent on NATO member countries for sales. Meanwhile, in recent years they also registered orders from Middle Eastern, African and Asian countries. Currently, European market for deployable military shelter systems is growing at a higher growth rate than the global average, but industry experts indicate a shift in demand from Asian countries, particularly Middle East and South Asia. In order to capitalize the opportunity, global majors engaged in manufacturing deployable shelter systems have deployed sales representatives in these countries.

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Deployable Military Shelter Systems Market Segments

Deployable shelter system is differentiated on the basis of size and application.

Deployable Military Shelter Systems Sizes :

  • Small
  • Medium
  • Large

Key Players

  • Alaska Structures
  • Roder HTS Hocker
  • Reeves
  • Zeppelin
  • HDT

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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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Generator Sales Market will Grow Gradually at 5.8% CAGR during the Forecast Period of 2022-2032

As per a recent global market study on generator sales by Future Market Insights, the industry is expected to reach US$ 28.6 billion in 2027, up from US$ 21.6 billion in 2022, with a CAGR of 5.8% over the forecast period. Generator sales and service systems are in high demand due to the continually developing industrial sector.

The growing demand for consistent and dependable power from a wide range of end-users, including residential generator market, IT/telecom, healthcare, utility and power generation, marine, chemical, oil & gas, mining, and construction, can be contributed to the rise of the demand for generator sales. The rapid advancement of the industry has resulted in an increase in electricity.

Generators have become an essential piece of industrial and household equipment due to the need for uninterrupted energy consumption and peak and continuous power requirements. Growing urbanization and increasing infrastructure costs are expected to boost the generator sales market size.

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Increasing investments in constructing new sophisticated industrial sector establishments, as well as upgrading existing ones, are likely to propel this market forward.

Additionally, the generator sales and installation are boosted by rising national building investment in energy-efficient infrastructure. For example, the United States Census Bureau reported in August 2020 that spending on public buildings in the United States totaled US$ 353.3 billion in June 2020, up from US$ 332.8 billion in 2019. This is projected to boost the U.S generator market size.

Clean energy utilization is increasing, which could stifle the adoption of generator sales. Clean energy deployment targets set by a number of regional governments and organizations to reduce greenhouse gas emissions could stifle the generator industry. Different countries are required to follow strict regulations in order to integrate low-carbon generation technologies and reduce their carbon footprint.

This could hamper the potential growth of generator manufacturers around the world. Furthermore, increasing spending to modernize grid infrastructure and enhance transmission and distribution (T&D) lines may cause some product acceptance issues.

Key Takeaways

  • Owing to its widespread use in the manufacturing, healthcare, oil and gas, maritime, and IT/telecom sectors, the diesel generator market is predicted to have the greatest segment share by 2027.
  • As per the generator sales market trends, diesel and gas generators are in a significant market among industrial end-users, mainly in developing nations. Supportive government initiatives for the development of industries in numerous countries such as China, Brazil, and India are the main drivers of the market.
  • Due to numerous economies in transition, Asia Pacific is expected to hold the largest global generator sales market share in terms of revenue in 2020, with a value of USD 7.91 billion.
  • North America will have strong generator sales increase from 2021 to 2028, owing to increased private and public expenditures in the integration of advanced verticals in the United States and Canada.
  • The below75 kVA power rating segment will benefit from the rapid construction of residential and commercial infrastructure in rural places.

“In the Asia Pacific, the rapidly growing data center industry will continue to drive demand for the diesel generator market. The demand for generator sales is likely to rise as data center investments rise, particularly in China, Australia, Japan, and Singapore.”

Competitive Landscape

Many product makers have been observed delivering units with varying power rating applications at the worldwide and regional levels, according to the industry.

Numerous small and major players with well-established production lines have entered the generator sales and service market to meet the needs of various end-user industries. In addition, corporations are constantly concentrating on combining with other significant players in order to improve their position and define the competitive environment.

Some of the major key players in the generator sales market include Rolls-Royce, Wacker Neuson, Atlas Copco, Cummins Inc., Inmesol S.L.U., Caterpillar Inc., Kohler-SDMO, and Zwart Techniek, among many others.

  • Moser Energy Systems, a maker of natural gas generators, announced cooperation with Cummins Inc., a manufacturer, and supplier of filtration, engines, and electricity generating equipment, in September 2020. The goal of this collaboration is to construct a Moser CRC400 generator based on Cummins’ natural gas G Drive 19–liter engine with a rich burn which will increase the demand for generator sales globally.
  • Caterpillar Inc., a renowned construction machinery and equipment firm installed a Cat D350 GC standby diesel generator set at Tennessee Aquarium in the United States in October 2020. The generator will provide backup power to the facility’s aquatic facilities.

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Key Market Segments

By Fuel Type:

  • Natural Gas
  • Diesel
  • Others

By Application:

  • Prime & Continuous
  • Standby
  • Peak Shaving

By End User:

  • Industrial
  • Utilities/Power Generation
  • Oil & Gas
  • Chemicals & Petrochemicals
  • Manufacturing
  • Marine
  • Commercial
  • Mining & Metals

By Sales Channel:

  • Direct
  • Indirect

By Design:

  • Stationary
  • Portable

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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Automotive Door Latch Market Key Manufacturers, Development Trends and Competitive Analysis 2027

Significantly influenced by efforts of OEMs in development of smart latches that are IoT-integrated, the global market for automotive door latch will see a modest yet promising CAGR of 4.8% during 2022 – 2027. A recent study of Future Market Insights (FMI) suggests that the favourable policy framework related to vehicle and drivers’ safety and security will continue to influence the demand for automotive door latches in the near future.

The automotive industry is nearing maturity and expects to witness a remarkable number of collaborative alliances and consolidations among OEMs in the automotive door latch market space. The report opines that mid-sized cars would be the highly profitable sector for investors in the automotive door latch landscape.

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Key Takeaways – Automotive Door Latch Market Study

  • Increasing sales of mid-sized cars, particularly in Asia Pacific, make it a potential segment for manufacturers specializing in compact designs of automotive door latches.
  • Side door latch will continue to command a significant share in global automotive door latch market value through 2027.
  • The mega trend of electrification in cars and the ability to remotely operate vehicles have necessitated door latch manufacturers toward offering and devising compatible products aligned to the aforementioned technological advancements.
  • The market is witnessing a gradual shift from the installation of conventional latches to electronic or mobile app-based systems in premium and luxury cars.
  • The introduction of tracking and alert systems using GPS and IoT-based hardware for the security of vehicles has proliferated new avenues for value chain participants in the global automotive door latch market.
  • Owing to the negligible replacement rate of door latches in the aftermarket, winning OEM supply contracts holds the key for manufacturers to sustain and grow their market share.
  • Adding enhanced security features is the key focal point of automotive door latch manufacturers to meet the unique requirements of autonomous vehicle manufacturers.

With overall safety of passengers being a paramount and drivers relying on secured door locking systems, door latches find a crucial place in automotive manufacturing. The inclusion of mobile connectivity and GPS tracking technologies in existing products is revolutionizing the automotive door latch space.

Know Who is Spearheading Automotive Door Latch Market

The global automotive door latch market is significantly consolidated, with the leading five players accounting for nearly one-half of the overall market size as of 2018. Key players in the market are focusing on developing latching systems based on smart technologies to retain their competitive edge in the landscape. Keikart AG, Aisin Seiki Co. Ltd., and STRATTEC are identified as prominent players in the global automotive door latch market. Market participants are keen on developing door latches with minimal mechanical intervention. Companies are focused on developing door latches that reduce vehicular weight and locking system complexity.

OEMs Engaged in Tough Competition

In the coming years, automotive door latches are expected to witness consistent demand. With the persistent trend of introducing smarter latches in door locking systems, OEMs are focused on keeping their product portfolios strong. East Asia, followed by Europe, remains the most crucial region in the automotive door latch market with a leading market share. With increasing demand from East Asia and South Asia, new entrants in the automotive door latch market are expected to find significant opportunities to invest in such target regions.

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Automotive Door Latch Market Structure Analysis

  • The global automotive door latch market is significantly consolidated where tier-1 players hold significant market shares.
  • Tier-1 companies are focusing on technological advancements to meet future customer requirements and maintain their market position.
  • Aisin Seiki Co, Ltd., Inteva Products LLC, Magna International Inc., Kiekert AG, and STRATTEC are some of the key participants in the global automotive door latch market.

Automotive Door Latch Market: Taxonomy

The global automotive door latch market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Vehicle

  • Compact Cars
  • Mid-sized Cars
  • Luxury Cars
  • SUV
  • HCV
  • LCV

Latch

  • Side Door Latch
  • Tailgate Latch
  • Hood Latch

Sales Channel

  • OEM
  • Aftermarket

Function

  • Electronically-operated
  • Mechanically-operated

Region

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

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Sneak Peek into Report

The research scope of the global automotive door latch market has been primarily bifurcated into three segments: latch type, vehicle type, and function. The study provides an in-depth analysis of market sizing, forecasting, and market share analysis for automotive door latches. The report delivers a comprehensive assessment of the important dynamics of the automotive door latch market.

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

Contact:

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Green Building Materials Market to Thrive at a Robust CAGR of 11.8%, Reaching US$ 823 Bn by 2032

According to a recent analysis issued by FMI, the green building materials market size is likely to reach US$ 823 Bn by 2032, up from US$ 265 Bn in 2021, accounting for 11.8% CAGR through 2022-2032. Green construction materials play an essential role in the growth of such structures. From design through demolition, green building materials are necessary for sustainability and efficiency.

Manufacturers are primarily concerned with creating conventional consumer goods. Customizations based on customer preferences, on the other hand, are predicted to be the way forward, boosting demand for green building materials market.

Due to Sustainable growth and a decrease in difficulties connected to environmental degradation and natural resource depletion, green construction materials are becoming increasingly popular, leading to the adoption of green building materials market.

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Low operational and maintenance costs and the pressure of environmental rules relating to emissions are the primary drivers of the global green building materials market. Furthermore, governments in developed nations have implemented regulations and incentives to encourage green building, which has aided the market’s growth.

Key Takeaways

  • Insulation is expected to be the fastest-growing application, rising at a pace of 11.7% during the projected period due to its excellent energy efficiency and increased emphasis on installing interior insulation solutions.
  • Green construction materials are required to combat the health risks posed by climate change, pollution, and carbon footprints. It has been discovered that employing green building materials in the construction sector substantially reduces carbon dioxide (CO2) emissions.
  • The Indian government has encouraged green construction, such as the Green Rating for Integrated Habitat Assessment (GRIHA). It has mandated that all central government and public-sector buildings receive at least a 3-star rating under GRIHA, enhancing the sales of green building materials.
  • The future of green building technology provides several options to repair the damage that has been done to the world and the environment. Building materials that retain air cleansing materials, micro-grids, net-zero structures, and smart glass are just a few of them.
  • North America owns a significant green building material market share. The rise of the green building material market in the area is being driven by strict rules on the use of environmentally friendly products in the construction sector.
  • Exposed to extreme climate conditions and government initiatives, the Asia Pacific and Latin America are also seeing increased demand for green building materials market and are likely to be very attractive markets for green building materials.

Competitive Landscape

Acoustical Surfaces, Cemex S.A., Green Build Products, Cold Mix Manufacturing Corp, Green Build Products, Green Fiber LLC, National Fiber Technology LLC, and Novagard Solutions are some of the key players in the green building materials market.

Some of the growth strategies identified include mergers and acquisitions, trends and analyses relating to strategic collaboration among partners, and mutual agreements and partnerships.

To enhance their geographical footprint, the top players are using novel product launch tactics.

  • Sika announced its consumer purchase intention MBCC Group in November 2021 in order to accelerate its growth strategy and strengthen its position as a global sustainability champion in the construction sector.
  • SmartLam North America and RedBuilt established cooperation in May 2020 to provide Cross-Laminated Wood (CLT) supplies and solutions to architects, engineers, and contractors working on projects utilizing the popular mass timber building technology.
  • In the Pacific Northwest, West Coast, and Southwest, which encompasses nine states, RedBuilt will be the only distributor of SmartLam CLT.
  • The use of natural resources has been strained by the rising global population and growing urbanization. Concept of sustainable growth and a drop in challenges connected to environmental degradation and natural resource depletion, green construction materials are becoming increasingly popular.

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Key Segments

By Type:

  • Structural
  • Interior
  • Exterior
  • Others

By Application:

  • Framing
  • Insulation
  • Roofing
  • Interior & exterior finishing

By End-user:

  • Residential
  • Commercial offices & buildings
  • Institution

By Region:

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

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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Automotive Airbag Market Size, Analysis, Top Players, Target Audience and Forecast to 2031

ESOMAR-certified consulting firm Future Market Insights’ report on global automotive airbag market project a steady growth at 3.60% CAGR over the forecast period of 2021 and 2031. Growing usage of curtain airbags is increasing the demand for automotive airbags across the globe.

Demand for automotive airbags is rising extensively in emerging economies as the consumers in these regions are becoming more aware for the vehicle safety. Burgeoning sales of passenger vehicles across the globe have also augmented the demand of automotive airbags.

As per the FMI’s analysis, due to the outbreak of coronavirus, sales of automotive airbags declined by -8% in 2020. However, recovery in automotive industry and recommencement of automotive production & manufacturing companies across the globe have improved the market growth.

Government increasing funding and initiatives towards the safety of vehicles have compelled the manufacturers to increase the usage of curtain airbags in all types of vehicles. Stringent regulations for the vehicle safety across the U.S., Germany, India and the U.K. is also expected to improve the adoption of automotive airbags over the coming years.

According to the FMI’s analysis, the global automotive airbags market reached a valuation of US$ 18.5 Bn, registering the sales of 370 Mn automotive airbags units in 2021.

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Key Takeaways from FMI’s Automotive Airbag Market Study

  • By vehicle type, passenger cars will emerge as primary automotive airbag end-users, accounting for 77% market share.
  • In terms of sales channel, original equipment manufacturers segment is likely to emerge as the most lucrative segment
  • In terms of yarn type, Nylon-based airbags are the most preferred choice due to their better physical properties as compared to the polyester based airbags
  • Neoprene coated airbags will account for more than 70% of global market share during the forecast period
  • Japan and South Korea will collectively account for over 16% of global market share over the forecast period
  • Germany and the U.K. are anticipated to lead the Europe’s automotive airbag market, exhibiting the growth at 3.50% CAGR

“Increasing adoption of passenger cars and inclusion customized curtain airbags in vehicles are broadening expansion prospects for the market players. Technological advancement and high investment in research & development activity for the development of advanced airbags safety systems will create lucrative opportunity for the growth of the market,” says the FMI analyst. 

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Competitive Landscape

Autoliv Inc., Toyobo Co. Ltd., Takata Corp., Hyosung Co., Daicel Corp., Wacker Chemie AG, Denso Corp., Delphi, Hyundai Mobis Co. Ltd., Nihon Plast Co. Ltd., and Toyoda Gosei Co. Ltd are some prominent players operating in the automotive airbag market.

As per the FMI’s analysis, the market is consolidated with top 5 players dominating the automotive airbag market, accounting for over 70% of market share. Top 5 players include, Autoliv, ZF, Toyoda Gosei, Joyson Safety Systems, and Nihon Plast.

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)

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Key Points Covered in Automotive Airbag Market Study

  • Market estimates and forecast 2021-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Automotive Airbag Market and How to Navigate
  • Recommendation on Key Winning Strategies

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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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Battery Leasing Service Market move forward rapidly with a CAGR of 19.6% During Forecast Period From 2022-2032

According to the battery leasing service market report by Future Market Insights (FMI), the market is anticipated to move forward rapidly with a CAGR of 19.6% during the forecast period 2022-2032. Government initiatives that support the market, like the European Union’s CO2 emission regulations, China’s New Energy Vehicles mandate, etc., are boosting the battery leasing service market statistics.

As per the battery leasing service market study, the growing public awareness of climate change initiatives is driving the demand for battery-powered electric vehicles (EVs) and the adoption of battery leasing services. The study also finds that sales of battery leasing services rise as governments in various countries are reducing subsidies on vehicle purchases to close the price gap.

The spike in the number of cases related to vehicle breakdown due to battery issues, combined with rising electric vehicle sales around the world, results in consumer demand for battery leasing services, which is a major factor expected to fuel the global battery leasing service market growth.

Furthermore, battery leasing services adoption trends are bolstered by rising logistics activities in various countries and, increased government spending on transportation service development & the establishment of various service stations.

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Vehicle manufacturers are making significant investments to expand their product portfolios, and the same is anticipated to propel the battery leasing service market opportunities.

With increasing passenger vehicle sales in developing countries, manufacturers are moving toward the introduction of EV battery lease services included in the vehicle purchase, which has a huge impact on the battery leasing service market trends.

Emerging trends in the battery leasing service market include timely inspection of residual battery values by the service provider, free/warranted replacements, and service provider assistance in the event of a breakdown. However, factors such as high battery leasing prices and a lack of required infrastructure for battery charging are expected to stymie the global battery leasing service, negatively impacting the outlook of battery leasing.

Moreover, the high cost of battery leasing service maintenance is expected to limit the battery leasing service market growth to a considerable extent. Taking into account the factors mentioned above, the battery leasing service market size is expected to be worth US$ 248 Mn by 2026.

Key Takeaways:

  • Due to the increasing need to reduce the upfront cost of EVs, the battery leasing subscription service segment likely holds a major battery leasing service market share.
  • The market for Nickel Metal Hybrid (NiMh) battery leasing services in the United Kingdom is expected to grow by 25% by 2028 as they are rechargeable and widely used in consumer electronics and electric vehicles.
  • By increasing its focus on improved vehicle economy and increasing EV sales, Germany’s battery leasing service market from the passenger vehicle segment is likely to dominate the battery leasing service market.
  • As the number of vehicle breakdowns on highways in the United States is steadily increasing due to battery failure, the market in North America is expected to account for a significant revenue share.

“By 2028, the Asia Pacific market is expected to generate USD 150 million in revenue. Falling battery prices, rising EV adoption, and significant investments by leading automotive OEMs to secure the battery supply chains for future EVs are all boosting regional business growth. For market competitors in the region, the increased deployment of battery-as-a-service presents various emerging trends in the battery leasing service market.” asserts an FMI analyst.

Competitive Landscape:

Bounce Infinity, E-ChargeUp Solutions Private Limited, Ample, Inc., Contemporary Amperex Technology Co., Ltd., Esmito Solutions Private Limited, Gogoro Inc., NIO NextEV Limited, Numocity Technologies Private Limited, Lithion Power Private Limited, Octillion Power Systems, Renault Group, VoltUp, Sun Mobility Private Limited and Oyika Pte Ltd. are some of the major battery leasing companies in the battery leasing service market.

To support the rapid adoption of battery leasing services, companies emphasize strategic partnerships with various stakeholders, such as electric mobility manufacturers and government authorities.

Other factors expected to boost the battery leasing service market growth include major players expanding their business through acquisitions and expanding their product portfolio.

Recent developments in the battery leasing service market are as follows:

  • Kia Motors Corporation, a multinational automaker, is concentrating on increasing the sale of electric vehicles. By 2030, the company wants to have 1,200 dedicated electric vehicle work bays in Korea.

It is also focusing on expanding its product portfolio by launching subscription services to provide customers with a more diverse buying option, as well as EV battery rental programs. This is considered to shape the battery leasing service market future trends to a large extent.

  • EV battery leasing had been a joint venture between Hyundai and LG. The agreement covers the long-term electric cars battery lease for use in Energy Storage Systems (ESS). Under the terms of the agreement, Hyundai Motor will oversee overall company operations and sell Battery Electric Vehicles (BEV) to KST Mobility, a car operator.

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Key Segments

By Business Model:

  • Subscription Service
  • Pay-Per-Use Model

By Battery Type:

  • Lithium-ion (Li-ion)
  • Nickel Metal Hybrid

By Vehicle Type:

  • Passenger Vehicle
  • Commercial Vehicle

By Region:

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

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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Peanut Butter Market In-Depth Analysis, Profitability by Market Segments and Comprehensive Forecast to 2030

Peanut butter is a low-calorie product with high protein content prepared from grinding of dry roasted peanuts. It serves as a substitute for the dairy butter.

Peanut butter can be used as toppings for food products like bread, crackers, and many others. Peanut butter finds application in several end-user sectors such as bakery, savory and sauces, smoothies, and many more.

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Peanut butter is a rich source of energy that can be used as an alternative to milk butter. Aside the energy derived from the consumption, peanut butter is also a good source of protein, fiber, unsaturated fat and minerals such as magnesium, zinc, potassium, and vitamin E.

With these nutritional value obtained from the consumption of peanut butter, the global market is slated to witness robust growth over the forecast period. Moreover, the growing population size of consumers with weight diseases and increasing disposable income of consumers in developed and developing countries are major factors expected to promote the growth of the global peanut butter during the forecast period and aftermath.

In addition, the surge in demand for convenience food and ready-to-eat meals is a strong force fueling the industry’s growth globally.

Peanut Butter Market Driven by Consumers’ Growing Demand for Nutritional Products

Peanut butter is a high-quality food product with several nutritional benefits associated with its consumption. It is a good source of protein, fat, fiber, mineral, and vitamins.

The vitamin E content in peanut butter is essential for the correction of vision and muscles’ orientation. It also serves as an antioxidant, giving it the ability to fight against diseases like cancer, joint inflammation, and many other diseases. Consumers are spending on healthy products with similar nutritional values, and this is expected to facilitate the growth of the global peanut butter market over the forecast period.

Changing Lifestyle

Consumers worldwide are now involved in strenuous activities, which often leads to the loss of energy. The need for energy giving food products like peanut butter is essential to help regain the lost energy.

When individuals are stressed up after a hectic and busy day, they are eager to consume foods like convenience meals that can be prepared within a short period. Hence, this is expected to create a surge in demand for peanut butter in the global market.

Peanut Butter Market Restraint

The primary factor slated to hamper the growth of the global peanut butter market is the rise in the product price in the global market. There is competition among key players in the industry on the prices of products, which will affect the market’s growth over the forecast per

Peanut Butter Market: Region-wise Analysis

North America is slated to be in dominance over the forecast period in terms of market revenue, with the United States acting as the growth driver within the region.

The United States will have the highest contribution of the total market revenue due to the rise in consumers’ disposable income and the surge in demand for nutritional products.

However, the Asia Pacific region is slated to be the fastest-growing market for the global peanut butter market within emerging economy nations like China and India, acting as drivers within the region.

With the rise in per capita consumption of peanut butter among individuals in the Asia Pacific, the peanut butter market is expected to register significant growth during the forecast period and aftermath.

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Peanut Butter Market: Competitive Landscape

  •  Procter & Gamble
  • Unilever
  • The J.M. Smucker Company
  • Hormel Foods Corporation
  • Boulder Brands Inc.
  • Kraft Canada Inc.
  • Algood Food Company Inc.

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)

Report Highlights

The research report presents a comprehensive assessment of market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology. Research report provides analysis and information by categories such as market segments, geographies, types, technology and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Peanut Butter Market Segment Analysis

The global peanut butter market can be segmented on the following basis

By Type

  • Smooth Peanut Butter
  • Crunchy Peanut Butter
  • Other

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online Stores
  • Others

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About 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 8-years.

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Herbal Tea Market Report on Profitability by Market Segments Analysis and New Market Opportunities Explored By 2026

In today’s world the second largest consumed beverage is tea after water. Herbal Tea is the new emerging trend among the health conscious people. Herbal tea is made from infusion or by boiling the herbs, spices or dissolved chemicals from herbal or plant material in water to extract the active herbal ingredients.

These herbal teas are taken from eminent true teas like black, green, yellow, etc. It is made from the cured leaves of tea plant Camellia Sinensis and also from decaffeinated tea. Like beverages, herbal tea can be presented as hot or cold. Herbal tea can be consumed as iced tea too by chilling it with ice cubes in summer season.

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Herbal tea can be consumed with sugar or honey, with or without fruit juices for health-conscious people and diabetic people. Drinking herbal tea cuts down caffeine intake and helps in reducing sugar level. There are various types of herbal teas like ginger, ginkgo biloba, ginseng, hibiscus, jasmine, rosehip, mint, chamomile, etc.

Herbal Tea Market Segmentation:

Herbal tea market is segmented on the basis of raw material type, flavor type, packaging type, product type and region. On the basis of raw material type herbal tea market is segmented as black tea, green tea and yellow tea. Out of these segments black herbal tea market share is less as compared to green herbal tea which is recognized as nutritious and healthier to the young generation especially.

Green herbal tea provides wider spectrum of varieties and new product developments in relation to black herbal tea. On the basis of product type herbal tea is segmented as instant premixes, liquid and powdered RTD and syrups. From these given segments powdered instant premixes are being widely used as it is easy to carry anywhere and is favorable in every season. Liquid herbal tea is consumed on a large scale as a refreshing drinks which contributes a rapid growth in herbal tea market. The syrup includes sugar and herbal tea extracts which is mostly used by the young generation benefiting to increase the market share of herbal tea market.

Herbal tea market is segmented as flavor types like lemongrass, peppermint, fruit, hibiscus, ginger and chamomile. Lemongrass herbal tea is mostly consumed worldwide. Peppermint herbal tea relieves muscle spasms and is used widely. Herbal tea made from chamomile flowers can be helpful in insomnia. Herbal tea is also segmented on the basis of packaging like can packaging, carton packs, herbal tea bags, herbal tea paper pouches and loose tea, which covers herbal tea market share and is expected to expand widely in the forthcoming years.

Herbal Tea Market: Regional Outlook

The herbal tea market is segmented on the basis of regions like North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East and Africa. Japan, Eastern Europe and North America are in increasing demand for herbal tea, which is the potential market and established markets for herbal tea due to its anti-aging properties.

New herbal tea brands are appearing weekly with the increasing demands for processed foods and ready to drink beverages on a large scale and is expected to scroll robust CAGR in forthcoming years.

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Herbal Tea Market: Drivers

Increased population, disposable income, growing health awareness of the consumers and the ongoing wellness trends are some of the driving factors influencing to enlarge the herbal tea market in the anticipated years. Lipton Herbal Tea is mostly used for the treatment of liver problems by supporting it in the release of toxins from the body. In many cases the frontier between enjoyment and medicinal purposes have shifted to obscure. These trends in turn initiated opportunities for the herbal tea extract producers to contribute the functional food and neutraceutical market sectors with new ingredients.

Herbal Tea Market: Key Players

The key players operating in herbal tea market consists of AB Food and Beverages, Tata Global Beverages, Martin Bauer Group, Nestea, Unilever, Buddha’s Herbs, Green Earth Products Pvt Ltd, Mothers Parkers Tea and Coffee Inc., Global Herbitech, Rooibos and Typhoo India.

The report covers exhaustive analysis on:

  • Herbal Tea MarketSegments
  • Herbal Tea Market Dynamics
  • Historical Actual Market Size, 2013 – 2015
  • Herbal Tea Market Size & Forecast 2016 to 2026
  • Herbal Tea Market Supply & Demand Value Chain
  • Herbal Tea Market Current Trends/Issues/Challenges
  • Herbal Tea Players Competition & Companies involved
  • Herbal Tea Market Technology
  • Herbal Tea Market Value Chain
  • Herbal Tea Market Drivers and Restraints

Regional analysis for Herbal Tea Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Argentina & Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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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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About 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 4-years.

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