Motorcycle Side Box Market Overview by Top Players, Regions, Segments, Demand and Forecast till 2028

Motorcycle side box is used as luggage box which is made of fiber, aluminum alloy and other materials. Standard bike riders, who travels the long journey or touring are also installed side box and put necessary luggage in the box. On many stranded bikes three sided box is installed one at carrier and other two install at the right and left of the bikes. . In rural area bike owner makes these boxes by giving orders to a local garage for intending to carry vegetables, water bottle and others. Over the last few years, aftermarket segment is anticipated to gain superior traction in the global market mainly in rural areas owing to increasing consumer demand. On the flip side, cruiser bike’s owner is focused towards the stylish side box with attractive color. Sport bikes, light weight material side box is the primary focus of the leading manufacturer owing weight is plays a crucial role in the overall efficiency of the racing bikes.

The global motorcycle side box market is significantly depends on the sales units of the motorcycle as well as disposal income of customer are the two factors which can hamper the global motorcycle side bag market during the forecast period. Furthermore, increasing taxation on import and export of side box material is also estimated to hinder the global motorcycle box market over the slated time period.

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Motorcycle Side Box Market: Key Participants

The key participants of the global Motorcycle Side Box market are following:

  • SWAYAM ENTERPRISES
  • Studds Accessories Ltd.
  • Wuxi Thai-Racing Trade Co., Ltd
  • Shankarrao Pawar Seat Corner
  • Bags & Bike
  • Kohli Bullet Accessories
  • EVOC Sports GmbH
  • Viking Bags
  • Chongqing Tiger Fortune Co., Ltd.
  • Heanoo Bags Co., Ltd.

Motorcycle Side Box Market: Segmentation

The global motorcycle side box market can segmented on the basis of Motorcycle Type:

  • Standard
  • Cruiser
  • Moped
  • Sport
  • Others

The global motorcycle side box market can be segmented on the basis of Material:

  • Plastic
  • Fiber
  • Aluminum alloy
  • Others

The global motorcycle side box market can be segmented on the basis of Price:

  • Low
  • Medium
  • Premium

The global motorcycle side box market can be segmented on the basis of Sales Channel:

  • OEM
  • Aftermarket

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Report Highlights:

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

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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 Performance Tuning and Engine Remapping Services Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2031

The automotive performance tuning and engine remapping services market is forecast to grow at a CAGR of 6.3% from 2021 to 2031. Automotive performance tuning and engine remapping services market is driven by the increasing focus on customization of vehicles. The increasing trend towards owing high performance vehicles, coupled with surging fuel prices are key factors driving growth. Automotive performance tuning and engine remapping services have been gaining remarkable momentum in the passenger and commercial vehicle markets, from their conventional application in automotive racing.

Automotive performance tuning and engine remapping services aim to improve the performance and efficiency of a variety of vehicles. Previously, automotive performance tuning and engine remapping services were only available for race cars, but they’ve gained a lot of popularity as a trend in passenger and commercial vehicles. During the forecast period, this factor is expected to be one of the major driving forces for the global automotive performance tuning and engine remapping services market (2021-2031).

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Key takeaways of Automotive Performance Tuning and Engine Remapping Services Market Study

  • Driven by increasing demand for high-performance vehicles, the automotive performance tuning & engine remapping market will register 6.3% CAGR between 2021 and 2031
  • Increasing expenditure on ensure fuel efficiency in vehicles will drive growth in the U.S., enabling it to account for over 85% sales in North America in 2021
  • After a year of negative sales, sales in the U.K. will improve, exhibiting 6.6% y-o-y growth in 2021
  • Germany and France too will continue exhibiting high demand, backed by rising vehicle production and sales
  • Expansion of the automotive sector will boost sales in China, catapulting it as a leading market for automotive performances tuning & engine remapping

“Rising popularity of engine performance tuning and remapping in recent years is likely to drive global automotive performance tuning and engine remapping services market. Most players around the world are focusing on the expansion of the supply chain. As a result, engine tuning and remapping is gaining popularity among vehicle owners as it also increases the service life of vehicles engines,’’ says Future Market Insights analyst.

The performance tuning and engine remapping services are intended to improve the performance and economy of various types of vehicles. Performance tuning and engine remapping services were reserved for automotive racing only, but have significantly gained traction in the market as a trend in passenger and commercial vehicles as well. This factor is projected to be one of the key driving factors for the global performance tuning and engine remapping services market during the forecast period.

Who Is Winning?

The report includes some of the key market participants that are prominent and have established themselves as leaders in the global as well as regional markets for automotive performance tuning and engine remapping services. Some the key players in the automotive performance tuning and engine remapping services market are Quantum Tuning, RS Tuning, Turbo Dynamics, EcuTek Technologies Ltd., Roo Systems, ABT Sports line GmbH, Tuning Works Inc., Shift Performance, Layton Remaps, and TuneOTronics, among others.

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Automotive performance tuning and engine remapping services Market

By Vehicle Type

  • Passenger cars
  • Light commercial Vehicles
  • Heavy Commercial Vehicles

By Fuel Type

  • Petrol
  • Diesel

By Tuning stage

  • Stage 1
  • Stage 2
  • Stage 3

By Tuning Method

  • OBD Ports
  • Bench Tuning

By Application

  • Racing
  • Fuel Economizing
  • Performance tuning

By Region

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

Valuable Insights into Automotive Performance Tuning & Engine Remapping Services Market

Future Market Insights, in its new report, offers an unbiased analysis of the global automotive performance tuning & engine remapping services market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the market on the basis of vehicle type, fuel type, tuning stage, tuning method, and application across seven regions.

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

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Automotive Sensors Market Emerging Growth Analysis, Future Demand and Business Opportunities 2031

The automotive sensor demand will continue rising through 2021 with worldwide demand projected to increase by 5.5% year over year. As per Future Market Insights (FMI), automotive sensor revenues generation will increase at a ten-year compound annual growth rate (CAGR) of 7.2%, as the automotive production recovers after bucking scepticism about how the market would perform post pandemic.

NXP Semiconductors N.V., TE Connectivity, Continental AG, Denso Corporation, Robert Bosch GmbH are identified as leading players in automotive sensor market. They will collectively account for nearly 30% of global market share in 2021.

Auto theft has emerged as a serious problem across the globe. According to a report by the National Insurance Crime Bureau, auto theft grew by 9.2% year-on-year in U.S. reaching 873,080 cases in 2020. To tackle this issue, automakers are installing modern anti-theft sensors in economic and budget cars. This development will fuel the demand for automotive sensors in upcoming years.

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Advancement in the field of transport management system and incorporation of smart sensors in advanced driver-assistance systems will create attractive prospects for the expansion of the market.

Truck platooning is an emerging area of application for automotive sensors. In truck platooning, automated driving support and connectivity technology work in sync and are controlled by central operating system. All trucks are connected to leader trucks and rest of platoon adapts their movement according to leader truck. This will increase ADAS penetration in trucks.

Governments in developed economies are mandating the installation of safety sensors in passenger and commercial vehicles to curb the rise in number of road accidents and related fatalities. This will significantly contribute to the overall growth of the automotive sensors market.

Manufacturers are working towards avoiding overheads by reducing the number of product recalls and satisfy consumer demand of modern warning alert system and safety feature in compact cars.

Advancement in the crash prevention technologies like vehicle-to-vehicle communication, traction control system, active kinematics control with integrated brake control, and automated braking system will boost demand for automotive sensor in upcoming years.

Key Takeaways from FMI’s Automotive Sensor Market Study

  • Driven by increasing sales of electric vehicles and presence of leading original equipment manufacturers in U.S., North America market will expand at 4.7% CAGR over the forecast period.
  • European automotive sensor market will grow at a healthy CAGR of 6.5% backed by increasing demand of European luxury cars across the globe and rising production of electric cars in the region.
  • Japan and South Korea will collectively account for around 9.1% of global market share in 2021.  Surge in research and development activities in these countries towards miniaturization of automotive sensors will drive the market growth in these countries.
  • India will offer lucrative opportunities for market growth, as it is the fastest growing economy in the world. Increasing demand for passenger cars and rise in consumer spending on enhanced safety features will boost the sales of automotive sensors in India.
  • Safety sensor is the fastest growing sensor type segment owing to imposition of stringent vehicle and driver safety regulation and increasing demand for luxury and convenience in automobiles.

“Increasing investment in automating vehicles and installing smart technologies in critical safety systems to improve safety standards will boost the demand of automotive sensors in the forthcoming years,” says the FMI analyst.

For instance, in July 2021, Samsung launched its first ISOCELL image sensor specifically designed for automotive applications. Samsung aims at becoming global leader in image sensor sector  and capture maximum market share in upcoming years.

In 2020, AMS introduced two new position sensors the AMS AS5147U and the AS5247U for high-speed electric motors to promote car electrification initiative. These new position sensors are expected to reduce the system cost and boost the electrification of critical vehicle functions like as power steering, active damper control, and braking.

Bridgestone recently developed new “Smart Strain Sensor” technology for autonomous vehicles integrated with next-gen internet of things (IoT) capabilities.

Prominent players operating in the automotive sensor market are:-

  • NXP Semiconductors N.V.
  • TE Connectivity
  • Continental AG
  • Denso Corporation
  • Robert Bosch GmbH.

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Key Segments Covered in Automotive sensors Market Study

Sensor Type:

  • Position Sensors
    • Clutch Position Sensors
    • Gear Position Sensors
    • Throttle Position Sensors
    • Crankshaft Position Sensors
    • Steering Angle Position Sensors
    • Camshaft Position Sensors
  • Safety Sensors
    • Seat Belt Sensors
    • Brake Switch Sensors
    • Door Switch Sensors
    • ADAS Sensors
      • Blind Spot Detection
      • Night Vision Sensors
      • Light Sensors
      • Parking Sensors
      • Cruise Control
    • Impact Sensors
    • Anti-theft Sensors
    • Knock Detection Sensors
  • Level Sensors
    • Fuel Level Sensors
    • Coolant Level Sensors
    • Oil Level Sensors
  • Oxygen Sensors
  • Pressure Sensors
    • Tire Pressure Sensors
    • EGR Pressure Sensors
    • Airflow Rate Sensors
  • Temperature Sensors
    • Engine Coolant Temperature Sensors
    • Rain/humidity Sensors
    • Oil/Fuel Temperature Sensors
    • Battery Temperature Sensors
    • Air Temperature Sensors
  • Speed Sensors
    • Wheel Speed Sensors
    • Speedometer

Vehicle Type:

  • Passenger Cars
    • Compact
    • Midsize
    • Luxury
    • SUVs
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

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Sales Channel:

  • Original Equipment Manufacturers
  • Original Equipment Supplier Spare Parts
  • Independent Aftermarket

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific
  • Middle East & Africa
  • Japan
  • China
  • India

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About Future Market Insights (FMI) 

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

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Ultra-High Performance (UHP) Tire Market Challenges, Drivers, Outlook, Growth Opportunities – Analysis to 2031

The global UHP tires market is projected to reach a valuation of US$ 10.41 Bn in 2021. Increasing demand for high performance vehicles in the automotive sports sector is expected to push sales of UHP tires at 10.9% CAGR, with the market valuation reaching US$ 23.32 Bn in 2031.

Rapid expansion of the automotive sector is resulting increasing sales of sports cars, SUVs, and light trucks across the globe. These vehicles are expected to offer optimal performance in all weather conditions, which in turn is spurring demand for ultra-high performance tires.

Besides this, shifting consumer preference towards high performance automotive components backed by rising disposable income is creating lucrative growth prospects for UHP tires market players.

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As per FMI’s regional analysis, the U.S. is anticipated to dominate the North America UHP tires market. Growth can be attributed to strong presence of key automotive players in the U.S., along with rapid adoption of new technologies to manufacture more efficient and durable tires. These trends will continue augmenting growth of the UHP tires in North America over the assessment period.

“Rising popularity of automotive racing sports such as Formula one, coupled with increasing replacement and repair of vehicle parts through aftermarket, will continue augmenting growth of the global UHP tires market through 2031,” says an FMI analyst.

Key Takeaways:

  • By tire type, all-season tires are expected to account for more than half of total UHP tires market share in 2021.
  • Sales of UHP tires in the sports car segment are anticipated to hold nearly 57% of the total UHP tires market share in 2021.
  • The replacement/aftermarket segment is projected to account for more than three-quarter of the total UHP market share in 2031.
  • The U.S. is anticipated to hold a dominant share of 81.5% of the North America UHP tires market in 2021.
  • China will emerge as a lucrative market, creating an incremental opportunity of US$ 1 Bn in 2031.
  • Germany is projected to account for 17.9% of the Europe UHP tires market share in 2031.
  • Japan and South Korea will hold 43.5% and 26.0% of the global UHP tires market share respectively.

Competitive Landscape

Leading players operating in the global UHP tires market include Continental AG, Goodyear Tire & Rubber Company, Michelin Group, Pirelli & C. S.p.A., Bridgestone, KUMHO TIRE Co., Inc. , Yokohama Rubber Co., Ltd, Nankang Rubber Tire Corp., Ltd. , HANKOOK TIRE & TECHNOLOGY Co., Ltd., Toyo Tires and others.

To gain a competitive edge in the market, players are focusing on research and development to launch new variants of UHP tires. Apart from this, players are investing in strategic collaborations, mergers and acquisitions to expand their global footprint. For instance:

  • Michelin is launching a new generation of four-season tires. The new MICHELIN CrossClimate 2 tire stands out through its excellent mileage performance and its ability to maintain a high level of performance from the first kilometer to the last, i.e. all the way down to the legal minimum tread depth. It illustrates Michelin’s commitment to designing tires that offer a very high level of performance throughout their life and right up to their end of life.
  • Yokohama Tire’s long, successful history with Porsche Motorsport North America (PMNA) continues. Yokohama and PMNA announced a new racing series and partnership with the United States Auto Club (USAC). Yokohama will be the official tire partner and presenting sponsor for the USAC-sanctioned 2021 Porsche Sprint Challenge North America by Yokohama.

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Ultra-High Performance (UHP) Tires Markey by Category

By Tire Type:

  • Summer
  • Winter
  • All-Season

By Vehicle Type:

  • Sports Car
  • SUV/MUV
  • Light Trucks

By Sales Channel:

  • OEM
  • Replacement/Aftermarket

By Region:

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

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About Future Market Insights (FMI) 

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

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Automated Guided Vehicle (AGV) Market Key Manufacturers, Development Trends and Competitive Analysis 2031

As per ESOMAR-certified consulting firm Future Market Insights’ (FMI’s) recent market analysis, growth is on the cards for the global automated guided vehicles (AGV) market. The report forecasts the market valuation to reach US$ 996 Mn in 2021, growing at an impressive 7.9% CAGR through 2031.

Rapid urbanization and adoption of industrial automation within logistics, transportation, and healthcare industry across the globe will propel sales. Owing to the growing need of automation, the market experienced year-on-year growth at 5.4% in 2020-21.

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Growing automation in material handling solutions will enhance growth prospects during the forecast period. Also, laser-guided AGVs will gain immense popularity among manufacturers as they offer greater precision and reliability.

Reduction in labor costs, human errors, and round-the-clock accessibility of AGVs are key factors increasing the adoption within end-use industries.

Expansion of automotive, consumer goods, retail, and oil & gas industries in developed countries such as the U.S., the U.K., and Germany will continue to boost sales. This will allow AGV manufacturers to focus on capacity expansion, creating growth opportunities over the coming years.

Expansion of production facilities across India, China, South Korea, and Brazil also will boost the AGV sales. Deployment of AGVs to streamline operations with reduced costs and added productivity will also aid the growth in these economies.

“Growing need for industrial automation is expected to boost the adoption of AGVs over the coming years. With increasing adoption of AGVs within automotive, healthcare, logistics, and e-commerce industry, key players will witness lucrative growth opportunities during the forecast period,” says the FMI analyst

Key Takeaways from Automated Guided Vehicle Market Survey

  • In terms of technology, laser-guided AGVs will dominate the segment due to their highly accurate navigation systems.
  • Based on end-use, logistics sector will generate high demand for automated guided vehicles.
  • Increasing application in transportation will foster the AGV sales during the forecast period
  • Tow vehicles will emerge as the most preferred vehicle type in the automated guided vehicle market.
  • The U.S. is projected to witness high demand for automated guided vehicles, owing to the presence of various end-use industries.
  • The U.K. will showcase a positive demand outlook, due to expansions in the automotive and eCommerce industry.
  • China will provide lucrative opportunities for AGV manufacturers due to high production volumes in manufacturing industries prevailing in the country.
  • India will experience demand for automated guided vehicles, owing to the increasing adoption of industrial automation within logistics sector

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Competitive Landscape

JBT Corporation, Daifuku Co., Ltd., Kuka AG, Omron Adept Technologies, Inc., Kion Group AG, Oceaneering International Inc., Transbotics Corporation, AGVE Group, Inc., Seegrid Corporation, Murata Machinery, AVT Europe NV, SSI Schaefer, Toyota Industries Corporation, Cassioli Srl, Robotnik, Mecalux, S.A, Kollmorgen, Bastian Solutions, Inc., and E&K Automation GMBH are some top manufactures operating in the automated guided vehicle market.

As per FMI’s analysis, key manufacturers will account for approximately 43% of the total market share. Key strategies leveraged by players in the automated guided vehicle market include production facility expansions, coupled with strategic partnerships aimed at product innovation to support the growing demand for AGVs.

  • In May 2021, Daifuku Co. Ltd. announced the establishment of a new production facility in Boyne City, Michigan. The production plant will facilitate the manufacturing of AGVs for airports, automotive, and eCommerce industries, including world-famous Amazon.
  • In June 2021, Seegrid Corporation launched the new Tow Tractor Series 8 with enhanced features such as excellent navigation, extended field of view, and shorter clearance height for managing various cart trains. The product line features Smart Path technology, increasing the fleet’s ability to navigate safely and moving materials reliably in high-traffic facilities.

Automated Guided Vehicle Market by Category

By Technology Type:

  • Laser Guidance
  • Magnetic Guidance
  • Infrared Guidance
  • Wire Guidance
  • Inertial Guided
  • Optical Guided

By Application Type:

  • Transportation
  • Distribution
  • Storage

By Vehicle Type:

  • Unit Load Carrier
  • Pallet Truck
  • Assembly Line Vehicle
  • Tow Vehicle
  • Forklift Truck
  • Light Load Transporters

By End Use:

  • Logistics
  • Healthcare
  • Automotive
  • Manufacturing
  • Food & Beverages
  • Aerospace

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Key Points Covered in Automated Guided Vehicle Market Survey

  • 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 Automated Guided Vehicle Market and how to Navigate
  • Recommendation on Key Winning Strategies

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About Future Market Insights (FMI) 

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

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Bicycle Components Aftermarket Size, Analysis, Top Players, Target Audience and Forecast to 2032

Over the forecast period of 2022-2032, sales in the global bicycle components aftermarket are expected to grow at a CAGR of 6.9%, to reach a valuation of US$ 28.3 Bn by the end of 2032. Rising bicycle fleet across the globe is expected to be the key driving factor for the demand for bicycle components.

Growing popularity of bicycling as a recreational activity is expected to fuel the growth in the bicycle component aftermarket. Individuals are preferring cycling as a recreational and fitness activity across the globe.

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Increasing awareness regarding chronic disorders caused by leading a sedentary lifestyle among consumers is driving interest in cycling for a healthy lifestyle. As more individuals use biking as a regular form of exercise, demand for bicycle components is expected to increase at a considerable pace.

Rising importance of sports activities, particularly for health reasons, as well as celebrity endorsement and international or national sporting events, are encouraging people to participate in a variety of cycling activities. Backed by the aforementioned factors, sales of bicycle components will continue gaining traction over the assessment period.

“Increasing demand for electric bicycles, along with rising deployment of bicycle fleet across public entertainment infrastructures such as amusement parks, resorts and adventure parks will augment sales in the market,” says an FMI analyst.

Key Takeaways:

  • Based on bicycle type, the electric bicycle segment will create an absolute dollar opportunity worth US$ 4.9 Bn.
  • Sales of bicycle components from department sales are expected to account for 1/3rd of overall aftermarket sales.
  • In terms of component, the road groupsets segment is anticipated to hold more than half of the total market share.
  • The U.S. is expected to dominate the North America bicycle component aftermarket, with demand growing at a 4% CAGR over the forecast period.
  • Sales in the China market will hold 2/3rd of the East Asia bicycle component aftermarket share.
  • Demand in the India bicycle components aftermarket will grow at a 7.2% CAGR over the forecast period.

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Competitive Landscape

Dorel Industries Inc., Accell Group N.V., Shimano Inc., SRAM LLC, Hero Cycles Limited, Campagnolo S.R.L., Merida Industry Co., Ltd., Specialized Bicycle Components, Rohloff AG, Giant Manufacturing Inc., and Avon Cycles Ltd. are some of the leading manufacturers operating in the global bicycle components aftermarket.

Key Segments Covered in Bicycle Components Aftermarket Industry Analysis

By Component Type:

  • Derailleurs
  • Road Groupsets
  • Suspensions
  • Wheel Sets
  • Brakes
    • Hydraulic
    • Mechanical
  • Caliper Type
  • Gears
  • Others (Bottom Brackets etc.)

By Sales Channel:

  • Specialty Bicycle Retailers
  • Discount Stores
  • Department Stores
  • Full-line Sporting Goods Stores
  • Outdoor Specialty Stores
  • Other Sales Channel

By Bicycle Type:

  • Mountain Bike
  • Hybrid/Cross
  • Road
  • Comfort
  • Youth
  • Cruiser
  • Recumbent/Tandem
  • Electric
  • Folding

By Region:

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

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About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behavior.

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Engine Control Unit (ECU) Market Key Insights, Profiling Companies and Growth Strategies by 2031

Over the forecast period of 2021-2031, the global engine control unit market is expected to grow at a CAGR of 4.6%, finds Future Market Insights (FMI) in its latest study.

The global engine control unit industry is expected to grow significantly throughout the forecast period owing to rising demand for automobiles, technological advancements in the production of low-cost engine control units, and increasing demand for next-generation features in vehicles.

A key element driving the engine control unit market is government restrictions encouraging lower fuel consumption and public demand for better vehicle efficiency.

The expansion of the global engine control unit is due to an increase in vehicle production, government mandates on vehicle fuel economy, and the rising availability of fuel injections. Also, expansion of gasoline market will contribute towards global engine control unit’s growth.

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Key Takeaways from Market Study

  • By product type, gasoline ECUs are projected to account for more than three-fourth of global sales in terms of volume.
  • c are expected to account for over 70% of engine control unit demand. The increasing demand for better fuel efficiency and focus towards curbing carbon footprint among passenger car owners will support growth in this category.
  • East Asia is estimated to hold more than one third of the global market. The expansion of the automotive sector and the presence of some of the leading manufacturers in this region are driving the market.
  • South Asia Pacific is projected to be the fastest growing market, exhibiting growth at little below 5.5% CAGR.
  • China to account for around one-fourth of the worldwide engine control unit sales.
  • The OEM segment will account for nearly 90% of all the engine control unit sold.

“The demand for engine control units will surge as car sales increase and more people seek improved fuel efficiency and lower emissions. Manufacturers are buoyed by changing consumer behavior to integrate technological advancements. Overall the engine control unit business is predicted to benefit from low-cost parts manufacturing in South and East Asia, as well as the development of new transit corridors,” said a lead analyst at FMI.

Engine Control Unit Market Competitive Landscape

The market has been described as consolidated. Some of the leading market participants included in this report are Robert Bosch GmbH, Denso Corp, Hyundai Motor Company, Hitachi Ltd., United Automotive Electronic Systems Ltd, Mitsubishi Electric Corporation, Marelli Holdings Co., Ltd., Aptiv Plc., Cummins Inc, Cardone Industries Inc, ACDelco, Standard Motor Products Inc., Dorman Products Inc., Electronic Concepts & Engineering Inc., Westport Fuel Systems Inc, aditel Automotive Electronics Ltd. who account for a share of more than 76% of the market.

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Key Market Segments Covered

Product Type:

  • Gasoline ECU
  • Diesel ECU
  • Natural Gas ECU

Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Sales Channel:

  • OEM
  • Aftermarket

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Key Points Covered in Engine Control Unit Market Survey

  • Engine control unit market demand outlook for 2021-2031
  • Insights into drivers and restrains affecting ECU sales
  • Engine control unit market category and segment-level analysis
  • Competition mapping and benchmarking
  • Engine control unit manufacturing trend analysis
  • Product Innovations and regulatory climate
  • Post COVID-19 consumer spending on engine control units
  • Recommendation on key winning strategies

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About Future Market Insights (FMI) 

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

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Freight Cars Market Competitor Analysis, Winning Strategies and Growth Drivers 2030

Before 19th-century freight cars are completely made by woods but now day entire wood made fright cars have been replaced by steel made freight cars due to high strength and long-lasting. Fright cars are also known as goods wagon designed to transport commodities such as cargo, colas, grains, oil & gas, among others.

Mainly four types of freight cars are using across the world; open-top car, boxcar, flatcar, tank car. Commonly, open-top freight cars used to transport materials such as coal, gravel, and grain. Boxcars are a type of enclosed car and use for two applications for refrigerated products and transport of livestock like cattle, sheep, and others.

While flat cars are majorly used to transport heavy machinery and military equipment. Although, the variety of fright cars are not limited up to the aforementioned types of the manufacturer are changing the design as per demand.

Due to seeing demand and changing in technology, North America developed an efficient model of freight cars such as a piggyback car, multistory cars to supply of automotive vehicles in two of three partitions in one box. Tank cars can be foreseen as special category fright cars to carry a variety of liquids and industrial chemicals.

Freight cars provide efficient way over transportation of goods or cargo by trucks because this larger scale result decreased transportation costs and required less manpower and energy to haul the same amount of cargo. Therefore, the growth of the global freight car market is expected to lucrative over the coming span of years.

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Freight Cars Market: Dynamics

Supportive government schemes and upcoming projects specifically for railway networks are expected to boom the global value of the freight cars market by the end of 2029. Furthermore, a trade agreement among countries like India and Turkmenistan to supply commodities from one country to another is projected to fillip the demand for freight cars market over the stipulated period.

Moreover, some end-users such as oil & gas are also using rental services for oil tank which is also stimulating the demand for new freight cars over the assessment period. Moreover, growth in end-user industries, for instance, steel, agriculture, automotive, construction, oil & gas, among others are likely to drive the demand 0f freight cars over the coming decades.

Growing other modes of cargo transportation by sea, road, and the air is expected to hamper the global demand of the fright car market over the coming years. Furthermore, lack of proper railway networks in some countries or cities is likely to create headwinds for the growth of the global freight cars market over the slated period.

Leading manufacturer are focused to make lightweight and high efficient freight cars with intends to make aisle brand image across the world. Furthermore, digitalization in the existing fright car network is also foreseen as eye-catching trend in the global market.

Freight Cars Market: Regional Outlook

Asia Pacific region is projected to grow with a healthy growth rate in the global freight car market owing to growing end-use industries in the future. In China, nearly 840 thousand units have been sold and these sales also expected to continue over the coming years.

Europe is expected to hold a paramount share in the global market due to rising demand form the agriculture and automotive industry over the coming decades. Rapidly digitalization in automatic railway network lines in the Middle East & Africa which in turn is projected to stimulate the sales of freight cars demand over the coming decades.

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Latin America pegged to grow at the uptick growth rate in the global freight cars market owing to inadequacy in the heavy cargo load cars. Albeit, upcoming projects, and growth in the agriculture industry are promising to shape up the regional demand for freight cars market over the stipulated period.

Freight Cars Market: Key Participants

Some of the market participants in the Freight Cars market identified across the value chain:

  • Caterpillar Inc.
  • Wabtec Corporation
  • Tatravagonka
  • Diesel Plant LLC
  • Kawasaki Group
  • TrinityRail
  • Amsted Rail Group
  • Echelon Solutions Group
  • Sumitomo Corporation
  • Union Pacific Railroad

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

The report covers exhaustive analysis on

  • Freight Cars Market Segments
  • Freight Cars Market Dynamics
  • Freight Cars Market Size
  • New Sales of Freight Cars
  • Current Trends/Issues/Challenges in the Freight Cars Market
  • Competition & Companies Involved in Freight Cars
  • New Technology for Freight Cars
  • Value Chain of the Freight Cars Market

Regional analysis includes

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

The global Freight Cars market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts 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 segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Freight Cars Market: Segmentation

Product  :

  • Open top car
  • Boxcar
  • Flatcar

Sales Channel :

  • Factory fit
  • Aftermarket
    • Wheel sets
    • Side frame
    • Bolsters
    • Couplers
    • Suspensions units
    • Bearing & gears
    • Others

End use Industries :

  • Automotive & Transpiration
    • Automotive
    • Railway
    • Aerospace
  • Agriculture
  • Construction
  • Oil & Gas
  • Chemical
  • Medical & pharmaceuticals
  • Food & beverages
  • Government & defense
  • Marine
  • Others

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About Future Market Insights (FMI) 

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

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Secondhand Apparel Market is Driven by Driven by Increasing Focus on Affordability various Fashion Retailers are Incorporating Recycling Programs

The global secondhand apparel market sales are expected to grow at a healthy CAGR of 11.2% during the forecast period 2021-2031, despite a period of slower growth in 2020, according to a latest study by Future Market Insights (FMI).

With the globalisation, the fashion industry considerably transformed. Changes in lifestyles as a result of industrialization, urbanisation, economic development, and globalisation have accelerated sales in the fashion industry last decade, particularly in developing countries and regions in rapid socio-economic transition.

E-commerce has transformed shopping experiences, with more than 60% of people choosing to buy products, services, and obtain commodities via the internet. Home delivery, subscription models, and other perks are major reasons for this change.

Product reviews and other features of e-commerce help merchants to study purchase patterns, and trends to create products and services that meet the needs of potential buyers. This provides useful information that retailers can use to develop effective marketing strategies.

The presence of companies such as ThredUP and Poshmark that cater to the demand for inexpensive and ecological alternatives to new clothes will push growth in the coming years. The expansion of online distribution channels also will bode well.

To retain clients, numerous fashion retailers are implementing recycling initiatives and releasing new collections of clothing made from eco-friendly fibers. Increasing consumer awareness of online resale platforms and fast-growing online start-ups offer pre-owned branded and designer goods and rental ethnic wear.

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Key Takeaways from the Secondhand Apparel Market Study

  • Shirts & t-shirts are expected to hold a market share 29% in 2021 owing to changing consumer preference with an expanding working woman labour force.
  • Online retailing is likely to remain a lucrative channel of distribution over the forecast period with a 18.7% CAGR owing to the wider choice of products.
  • Sub-Saharan Africa will dominate MEA accounting for more than 50% of the value share through the end of 2031, owing to the popularity of used clothes.
  • Pakistan accounts for more than 40% of secondhand apparel sales in South Asia, owing to the presence of a large lower socio-economic consumer base.
  • Guatemala leads in the Latin America accounting for over 30% value share through the forecast period.

Impact of COVID-19 on the Market:

Consumers are not just buying fewer non-essential items, but they are also buying higher-quality clothing rather than cheap and disposable options. Customers have also transitioned from offline to online shopping options.

During the COVID-19 crisis, e-commerce has been dominant and retailers have invested in an online presence. Prior to the shutdown, internet retailers devised interim methods for the sales of their wares online.

The secondhand apparel market has been hampered by a labour shortage in the industry. Reduced transactions over viral transmission fears are have also caused issues in the short term.

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Who is Winning?

Key players in the secondhand apparel market are aiming for strategic collaborations and other marketing strategies to expand their business and attract a larger customer base.

Some of the key players present in the secondhand apparel market are ThredUp Inc., The RealReal, Patagonia Inc., Poshmark, StockX, Vinted, eBay Inc., Micolet, Thrift+, Tradesy Inc., Chikatex, HunTex Recycling Kft, A&E Used Clothing Corporation, Mobacotex, Percentil. Maroc among others.

Secondhand Apparel Market by Category

By Sector:

  • Resale
  • Traditional Thrift Stores and Donations

By Product Type:

  • Dresses & Tops
  • Shirts & T-shirts
  • Sweaters, Coats & Jackets
  • Jeans & Pants
  • Others

By Target Population:

  • Men
  • Women
  • Kids

By Sales Channel:

  • Wholesalers/Distributors
  • Hypermarkets/Supermarkets
  • Multi-brand Stores
  • Independent Small Stores
  • Departmental Stores
  • Online Retailers
  • Others

By Region:

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

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About Future Market Insights (FMI)

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

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Down and Feather Market is Gaining Popularity Due to Chemical-Free and Animal Cruelty-Free

Growth of the home décor sector and rising significance of high-quality, comfortable, and luxurious insulation in bedding products and apparel are propelling the sales of down and feather products. According to a recent report by Future Market Insights (FMI), the down and feather market is expected to surpass a valuation of US$ 13.9 Bn at a CAGR of over 7.7% through 2031.

Innovations in technology including better processing units, advanced machinery for dusting, cleaning, and processing over traditional methods have played key roles in the industry. For instance, Chun Li International Co., Ltd. increased its production capacity to improve their in-house production facilities for pre-dedusting, washing, spin-drying, drying, cooling/de-dusting, sorting, and blending that helps save on additional costs to the company.

Synthetic insulations are no longer popular in the residential sector, owing to the fact that they are hydrophobic and chemical textile fibers that are non-renewable in nature. Customers are transitioning to environmentally-friendly and certified down and feather products that are gathered as the leftovers of the food industry.

In order to compensate for this, several environment protection groups and manufacturers are partnering to promote sustainable sourcing methods. Manufacturers are participating in such activities and are also providing an image of an environment conscious group.

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2021-2031 Down and Feather Market Outlook in Comparison to Sales Registered in 2016-2020

 

Advancements in raw material processing methods and the proliferation of new technologies are key factors driving growth. FMI has forecast the down and feather demand to rise at 7.7% CAGR between 2021 and 2031 in comparison to the 5.0% CAGR registered during 2016-2020.

Consumers are increasingly choosing sustainable and environment-friendly products, which has led to an increase in demand for down and feather bedding. This aspect is projected to increase demand for down and feathers in the near future. The ability to reuse down and feather fillings in products like pillows and bedding is expected to boost industry prospects.

In order to meet consumer demand, recycling and reusing is performed by sterilising and washing of down and feathers. These practices are used to make handicrafts, clothing, and bedding products among other things.

In 2018, Heinric Häussling GmbH & Co. constructed a new 1200 square metre warehouse to accommodate increasing down and feather manufacturing capacity.

Higher-quality items created with environment-friendly procedures are valued more than alternative products made with chemicals and raw materials that are hazardous to the environment. Down and feather bedding that is chemical-free and animal cruelty-free is gaining popularity.

A number of corporations are cooperating with environment-protection organizations to promote social action, such as planting trees for every purchase, exploring alternative energy choices, or reducing water consumption, in addition to making luxury eco-friendly products.

Key Takeaways from the Down and Feather Market Study

  • Duck down and feathers are expected to hold a revenue share of 76.4% in 2021 aided by their lower cost and better quality as compared to other insulation materials.
  • Bedding products dominate the market with a share of over 75% with a wider scope of product portfolios supporting sales prospects.
  • The U.S. holds a noteworthy value share of 82.9% in North America owing to the high penetration of key players in the region.
  • Malaysia is a key market in South Asia reflecting a CAGR of 21.5% owing to higher spending on premium products in the country.
  • China showcases major opportunities for the down and feather industry owing to a larger consumer population accounting for 40.1% in 2021.

Impact of COVID-19 on the Market

The coronavirus outbreak has caused an economic downturn by disrupting corporate operations in a variety of industries. The retail sector has also witnessed a short-term slump. Temporary difficulty for market participants is the decline in terms of overall discretionary spending levels.

Consumers were subjected to maximum restrictions, which resulted in substantial decline through year-on-year revenue. During the pandemic, there was a drop in productivity due to complete lockdowns, and disruption in the industrial environment. The sales were bracketed by online retailing.

In light of this, players are concentrating their efforts on increasing internet penetration, as this allows them to reach a larger consumer base quickly and at a lower cost.

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Who is winning?

Leading manufacturers of down and feather are primarily focused on differential strategies and advertisements that have driven sales growth of down and feathers on a global scale.

Major players present in the down and feather market are Pan Pacific Company Ltd., Allied Feather & Down, Down-Lite International Inc., Peter Kohl KG, KL Down, Chunli International Co Ltd., Bettfedern Handelsgesellschaft mbH & Co. KG (Rohdex), Heinrich Häussling GmbH & Co., Karl Sluka GmbH, Norfolk Feather Company, Feather Industries, Treude & Metz GmbH & Co. KG, Sustainable Down Source, Navarpluma, and Shin Joo Won D&G Co.among others.

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About Future Market Insights (FMI)

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

Contact Us:                    

Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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