Automotive Glass Market Trends, Growth, Future Demand, Analysis and Forecast by 2030

The global demand for automotive glass has declined significantly in 2022, with the Covid-19 pandemic restricting automotive production and reducing new orders in the manufacturing sector. However, long-term prospects remain bullish, with a new report by FMI projecting 4% CAGR through 2030. The report opines that market players will benefit from smart glass technology and the rising popularity of electric vehicles.

The report opines that volatility in raw material pricing and high capital requirements will hold back market developments.

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The automotive glass industry has witnessed steady growth in recent years backed by the massive global automobile production sector, implementation of strict automotive safety standards, and improvements in material and auto tech. Further, businesses have invested in smart glass and wider windshield and sunroof designs for their offerings, catering to premium automobile consumer requirements.

While revenue from the automotive glass market rises steadily, the fragmented nature of the market limits the potential for revenues. Also, issues in terms of energy efficiency and raw material fluctuations are problems faced by key players.

Key Takeaways

  • The automotive glass market will reach US$ 16 billion, with demand receding in 2020
  • Door glass offerings remain in high demand, with the higher volume of glass required for these products and innovations in material strength and temperature control.
  • Applications of automotive glass in conventional passenger cars reflect higher growth than LCV, HCV and electric vehicle applications owing to higher demand and production, driven by higher disposable incomes globally.
  • East Asia is a key market for production and sales, supported by the prevalence of numerous regional and international automobile manufacturing plants in the region, supported by lower labour and material costs.

“The growth in production rate of electric and hybrid vehicles in addition to the integration of varied new technologies for visibility and safety are expected to positively influence the global demand for automotive glass throughout the forecast period till 2030,” said a lead analyst at Future Market Insights

Covid-19 Impact on Automotive Glass Market

The coronavirus pandemic is expected to have a negative effect on the short-term prospects of the automotive glass industry. Lockdown restrictions have limited the production of automobiles and associated materials across North America, Asia, and Europe, which are key markets for auto glass.

Also, the demand for new automobiles has fallen sharply, and the uncertainty over the severity and duration of the pandemic and the impact on the global economy are key factors that could hamper market prospects, and delaying the recovery of the industry in the long term. However, the automotive industry will gain traction following the end of the pandemic, with the anticipated growth in demand for electric and autonomous vehicles on a global scale.

Some of the leading players in the market include Dura Automotive Systems, Saint-Gobain S.A., Asahi Glass Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Nippon Sheet Glass Co. Ltd., Xinyi Glass Holdings Ltd., Central Glass Co. Ltd., Glas Trosch Holding AG, Gentex Corporation, and Magna International Inc. among others.

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Key Segment

Application

  • Windshield
  • Back Glass
  • Door Glass
  • Quarter Glass
  • Vent Glass
  • Moon/Sun Roof

Glass Type

  • Laminated Glass
  • Tempered Glass

Sales Channel

  • Original Equipment Manufacturer
  • Aftermarket

Vehicle Type

  • Passenger Vehicles
    • Compact
    • Mid-size
    • Luxury
    • SUV
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Electric Vehicles
    • BEV(Battery Electric Vehicles)
    • HEV(Hybrid Electric Vehicles)
    • PHEV(Plug-In Hybrid Electric Vehicles)

Regional Outlook

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest of LATAM)
  • Europe (Germany, Italy, France, U.K., BENELUX, Spain, Russia, Rest of Europe)
  • South Asia & Pacific (India, Thailand, Indonesia, Malaysia, Australia, New Zealand, Rest of South Asia & Pacific)
  • East Asia (China, Japan, South Korea)
  • Middle East & Africa (Turkey, South Africa, Rest of MEA)

Table Of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

  1. Key Market Trends

3.1. Key Trends Impacting the Market

  1. Key Success Factors
  2. Global Automotive Glass Market Demand Analysis 2015-2019 and Opportunity Assessment, 2020-2030

5.1. Historical Market Volume (Mn Units) Analysis, 2015-2019

5.2. Current and Future Market Volume (Mn Units) Projections, 2020-2030

5.3. Y-o-Y Growth Trend Analysis

  1. Global Automotive Glass Market – Pricing Analysis

6.1. Regional Pricing Analysis By Application

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Key Challenges

Despite the challenges of the coronavirus crisis, the prospects of the automotive glass market are largely positive in the long term. However, sustained growth will entail effective maneuvering through various challenges.

For instance, volatility in the pricing of raw materials required for the production of automotive glass, and the resulting gap between supplies and demand is a key challenge often facing manufacturers.

According to the Association for the Advancement of Automotive Medicine, inadequate standardization of glass quality is a problem in terms of safety from lacerations and ejection in accidents.

Also, automotive glass market players require high capital for research and development and the necessary infrastructure. Also, products needing certification have to go through stringent testing and regulations that restrain growth prospects in the industry.

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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:

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Christiana Corporate, 200 Continental Drive,
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Medical Carts Market is estimated to reach a valuation of US$ 943.5 Million by 2022

[170 Pages Report] The global Medical Carts Market is slated to enjoy a valuation of US$ 3.4 Bn in 2022, and is predicted to surge at a CAGR of 7.8% to reach US$ 5.3 Bn by the end of 2028.

Growing need for quick access to mobile electronic health records at the point of care has led to surge in demand for medical carts globally. In addition, increasing demand for improving operational efficiency in the healthcare industry is projected to impact the global market growth of medical carts positively. Future Market Insights states that the global market of medical carts is projected to reflect a CAGR of 11.0% over the forecast period, 2022-2028.

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Factors Fuelling the Global Market Growth

Growth of the global medical carts market is mainly bound to various macro-economic and micro-economic factors. As the need for accessing medical records at the point of care continues to increase, mobile healthcare technology is projected to witness significant adoption. Growing concerns regarding healthcare expenditure has further led the manufacturers to develop mobile technology carts for the outpatient facilities, large academic medical centers, and acute care centers.

Adoption of medical carts equipped with technological features allows the end users to retrieve and store information to enhance patient safety. In addition, medical carts allows the end users to spend less time worrying about the technology and offer better services to the patients in the hospitals.

In order to offer ease of movement to the end users, the healthcare manufacturers are increasingly focusing on designing medical carts. Bad design elements include sharp edges in medical carts along with wheel design that impedes navigation and results in ineffective performance. In addition, inability to adjust the height of cart and lack of battery power indicator can also pose significant challenges for the end users while conducting an operation. Increasing demand for medical carts designed with ergonomics will further contribute towards the global market growth of medical carts over the forecast period.

Adoption medical carts allows the caretakers to accommodate computers that can conveniently be accessed to perform multiple operations in the healthcare setup. As medical carts are incorporated with battery systems medically approved by FDA along with wireless technology, healthcare professionals and caretakers can conveniently access, store and retrieve the patient information in the clinics and hospitals. In addition, adoption of medical carts in various healthcare institutes has lowered the healthcare expenditure and also saves space. These factors are expected to impact the global market growth of medical carts positively throughout the forecast period.

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Market Players

  • InterMetro Industries Corporation
  • Omnicell Inc.
  • Capsa Solutions Llc
  • Armstrong Medical Industries Inc.
  • Midmark Corporation
  • Medline Industries Inc.
  • ITD GmbH
  • The Bergmann Group
  • Ergotron Inc.
  • Jaco Inc.
  • AFC Industries Inc.

Sales to Remain High for Computer Medical Carts

Growing need to access the health records of patients at the point of care has led to surge in demand for computer medical carts in the healthcare industry. In terms of revenue, the computer medical carts product type segment is projected to represent the highest growth, recording more than US$ 1,800 Mn by 2028-end. On the other hand, the other product type segment is projected to reflect the fastest growth in the global market over the forecast period.

By 2022-end, the hospitals end users segment is projected to generate significant revenues, accounting for more than US$ 800 Mn. In contrary, the diagnostic centres end users segment is projected to reflect the highest CAGR throughout 2028.

Based on energy source, the non-powered segment is projected to witness a robust revenue growth, recording for more than US$ 3,100 Mn by 2028-end. On the other hand, the powered energy source segment is projected to reflect a significant CAGR over the forecast period.

During the forecast period, the plastic material type segment is projected to reflect the fastest growth in the global market of medical carts. However, the metal material type segment is projected to represent a robust revenue growth, accounting for around US$ 1,300 Mn by 2022-end.

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Key Segments of Medical Carts Industry Survey

By Medical Carts Market by Product Type:

  • Emergency Carts
  • Procedure Carts
  • Anaesthesia Carts
  • Computer Medical Carts
  • Other Product Types

By Medical Carts Market by End User:

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Centres
  • Other End Users

By Medical Carts Market by Material Type:

  • Metal Medical Carts
  • Plastic Medical Carts
  • Wooden Medical Carts

By Medical Carts Market by Energy Source:

  • Powered Medical Carts
  • Non-Powered Medical Carts

By Medical Carts Market by Region:

  • North America Medical Carts Market
  • Latin America Medical Carts Market
  • Europe Medical Carts Market
  • East Asia Medical Carts Market
  • South Asia & Pacific Medical Carts Market
  • Middle East & Africa (MEA) Medical Carts Market

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 10-years.

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Bicycle Chain Market Size, Share, Growth Trends, and Forecast Analysis to 2029

The ever rising number or cycling enthusiasts has been aiding expansion of bicycle chains market. Future Market Insights (FMI) in a recent study forecasts the market demonstrate a steady growth at 4.9% between 2022 and 2029.

Bicycles have been through numerous design changes over the years, currently however the focus is more on ensuring robust performance and precise gear shifts. Ascertaining the efficiency of bicycle chains is therefore top priority among manufacturers.

The rising demand for faster cycling speed and more power is creating scope for innovations. Consequently, manufacturers are encouraged to integrate digital intelligence to boost mechanism as is expected from smart bicycle technologies.

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There is immense focus on manufacturing durable and robust chains without making them any heavier. The development of hollow pins for instance is intended to enable production of lightweight chains.

Some are even using diamond and gold coatings on chain to enhance its performance and durability. A host of similar novel developments will underscore growth prospects for the market. Likewise, FMI forecasts the bicycle chain market to reach a valuation of US$ 1.4 Bn by the end of 2029.

The report also uncovers various hidden growth opportunities in the market. Some of the key takeaways from the report are as follows:

  • With China demonstrating extensive production of e-bikes, East Asia accounted for leading share in the global market in 2022. The installation of high-end bicycle chains in e-bikes will further boost growth prospects
  • Some of the leading bicycle manufacturers have started offering customization to cater to dynamic consumer preference. For instance, they can get the bicycles fitted with preferred model of gear with advanced settings as per customer liking. They are also aiming to manufacture chains that can silently mesh across a micro-geared platform
  • A standard bicycle chain has a lifetime. It wears out that affects its performance after covering certain miles. Timely replacing chains is therefore essential to ensure optimum bike performance
  • The COVID-19 pandemic has given a major blow to global industries. Outlook for bicycle chain market will remain indefinite for the rest of year. The manufacturing sector has been hit hard due to COVID-19 outbreak and subsequent restrictions. While the sector is limping its way back to recovery, it might be a slow start for manufacturing of bicycle chains

As mainstream bicycle component manufacturers begin realigning their businesses to keep pace with dynamic environment, the market outlook for new bicycle sales remains positive,” said a lead analyst at FMI.

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Bicycle Chain Market Key Segments

Material

  • Carbon Steel
  • Alloy Steel
  • Nickel Plated

Chain

  • One Speed
  • Derailleur

Bicycle

  • Kids
  • Road
  • Mountain
  • Racing

Width

  • 1/8”
  • 3/16”
  • 3/32’’

Sales Channel

  • First Fit
  • Replacement

Regional Outlook

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

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Key Challenges

The humble bicycle chain has been around almost as long as bicycle itself. However, some of the market watchers fear that their days might be numbered. No-chain and no-derailleur bicycle are gearing replace greasy and incompetent linkages with their innovative concepts.

Advent of bike that ditches old gear-set and chain altogether with a driveshaft arrangement is a looming threat to the market. Prototype chain-less bikes are already showcased across international forums. This could hamper prospects for the market in the long run.

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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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Coagulation Analysers Market is projected to reach a valuation of US$ 831 Mn in the year 2027

[211 Pages Report ]A new report published by Future Market Insights titled ‘Coagulation Analysers Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)’ studies the performance of the global coagulation analysers market over a 10 year assessment period from 2017 to 2027. The report presents the value forecast of the global coagulation analysers market and provides useful insights into the factors driving market growth as well as the factors restricting market growth. The estimates point to a revenue growth from US$ 756 Mn in the year 2017 to US$ 1,514 Mn by 2027 end, resulting in a CAGR of 7.2% during the period of assessment.

Growing Prevalence of Cardiovascular Diseases and an Increase in the Number of Cancer Patients Fuelling Revenue Growth of the Coagulation Analysers Market

Cardiovascular diseases are one of the leading causes of deaths in the world and are considered as a global disease burden. As per the data provided by WHO, 17.5 million people across the world die from cardiovascular diseases every year, which accounts for 31 percent of all the deaths globally. In light of this, coagulation tests such as PT/INR are commonly used blood tests to identify the risk of cardiovascular diseases. An increasing prevalence of cardiovascular diseases is expected to boost the global market for coagulation analysers during the forecast period.

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Research has indicated that malignancy affects the haemostatic system and vice versa. An imbalance of the haemostatic system in cancer patients raises their chances of developing thrombosis, haemorrhage or both. In addition, the haemostatic factor plays an important role in tumour progression and haemostatic components and cancer biology are interconnected in various ways. As per the American Cancer Society, in the year 2016, nearly 1,685,210 new cancer cases were registered in the U.S. This increase in the number of cancer patients is expected to drive the global coagulation testing market during the assessment period.

Global Coagulation Analysers Market: Segmentation and Forecast

The report segments the global coagulation analysers market on the basis of product type and end user. On the basis of product type, coagulation analysers are categorised as standalone analysers, table top analysers and portable analysers. On the basis of end use, the coagulation analysers market is segmented into hospitals, clinical laboratories and others.

  • The table top analysers segment by product type is estimated to be valued at US$ 208 Mn in the year 2017, and is projected to reach a valuation of US$ 432 Mn by the end of the year 2027, exhibiting a CAGR of 7.6% during the period of assessment.
  • By end use, the hospitals segment is estimated to be valued at US$ 244 Mn in the year 2017, and is projected to reach a valuation of US$ 450 Mn by the end of the year 2027, registering a CAGR of 6.3% during the period of assessment.

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Global Coagulation Analysers Market: Regional Forecast

Future Market Insights tracks the performance of the global coagulation analysers market across the key geographies of North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa. As per the forecast of Future Market Insights, the North America coagulation analysers market is estimated to be valued at US$ 286 Mn in the year 2017 and is projected to reach a value of US$ 546 Mn by the year 2027, exhibiting a CAGR of 6.7% during the period of assessment. The Western Europe coagulation analysers market is estimated to be valued at US$ 147 Mn in the year 2017 and is projected to reach a value of US$ 314 Mn by the year 2027, exhibiting a CAGR of 7.8% during the period of assessment.

Global Coagulation Analysers Market: Vendor Insights

This report includes some of the important players operating in the global coagulation analysers market such as Instrumentation Laboratory, F. Hoffmann-La Roche Ltd, Helena Laboratories Corporation, Thermo Fisher Scientific Inc., Rayto Life and Analytical Sciences Co., Ltd., Nihon Kohden Corporation Siemens AG, Beckman Coulter Inc. (Danaher Corporation), Sysmex Corporation, Abbott Laboratories and Siemens AG. Manufacturers are concentrating on developing advanced analysers at a lower price, with an objective to witness an increase in their market share.

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Market Taxonomy Product Type

  • Standalone Analysers
  • Table Top Analysers
  • Portable Analysers

End User

  • Hospitals
  • Clinical Laboratories
  • Others

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 9-years.

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Future Market Insights,
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Automotive Exterior Trim Parts Market Brief Forecast and Analysis by Top Key Players to 2030

Future Market Insights, an ESOMAR certified market research firm, in its latest study on the automotive exterior trim parts opines that the market will reach a valuation of US$ 30.34 Bn by the end of the year 2030.

Newer trends such as embedding of cutting-edge connectivity systems in exterior body parts of vehicles, with weight reduction will continue to give an uptick to body aesthetics in the market for automotive exterior trim parts.

Automotive Exterior Trim Parts Market Outlook & Key Findings

  • Automotive exterior trim parts market to grow at a CAGR of 4.7% through 2030
  • Sales in top 3 countries collectively accounted for nearly 46% of overall market in 2022
  • Compression molded composites touted to be 20%-30% lighter than aluminum will gain traction in new generation of vehicles

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Key Takeaways of Automotive Exterior Trim Parts Market

  • Achieving light-weighting by 40%, aluminum in body panels to remain preferred over steel
  • With 54% volume share in automotive production in 2018, China, India and Australia will  witness high demand for automotive exterior trim parts
  • A drop by 200-250 BPS is anticipated for the market amidst the ongoing pandemic with recovery anticipated in the first quarter of 2022
  • High focus on aesthetics in the mid-size passenger car segment to give traction to sales

Recyclable and Lightweight Materials Finds its Takers

Sustainability and light-weighting are key focal points by manufacturers for design of exterior trim parts.

Aludium, a European midstream aluminum manufacturer has introduced a highly cost-effective exterior trim called as the 55AT that gives a high-end aluminum finish to window frames, roofs and other decorative parts of the vehicle. During casting Aldium uses an advanced filtration system that not only anodises but also brightens the external trim of the vehicle. These products are also provided in very short lead times.

Similarly Norsk Hydro, a Norwegian aluminum manufacturer has launched its CIRCAL range of products that are being made with recycled aluminum scrap. By using very advanced sorting processes the aluminum being used is not only sophisticated but also contains 75% recycled consumer scrap. This has enabled the company to maintain its carbon footprint in the market.

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Automakers Suspend Operations to Keep COVID-19 at Bay

The first quarter of 2020 saw OEMs and manufacturers scrambling to keep production lines for automotive parts up and running as the virus took its hold in Asia and many parts of Europe and North America.

With government advisories being issued, parts and component facilities started to be shuttered at various countries around the world. A dip in discretionary spending and reduced customer footfalls have dampened demand for automotive exterior parts considerably.

While asset impairments are predicted in the near-term. For the time being, quarantine measures, just in time production and reduced workforce is helping manufacturers to obviate the liquidity crunch due to decrease in sales.

Automotive exterior trim parts Market: Segmentation

Product type

  • Front Bumper
  • Rear Bumper
  • Outside Rear View Mirror (ORVM)
  • Rocker Panel (Under Cover)
  • Radiator Grills
  • Wheel arch Cladding (Fender Liner)
  • Outside Door Handles
  • Exterior Car Door Trim
  • Mud Guard
  • Exterior trims parts

Vehicle Type

  • Passenger Cars
    • Compact
    • Mid-size
    • Luxury
    • Sedan
    • SUVs
  • Commercial Vehicles
  • Heavy Trucks and Buses

Sales Channel

  • First Fit
  • Replacement

Region

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

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Find More Valuable Insights on Automotive Exterior Trim Parts Market:

FMI in its new market research study, offers an unbiased analysis of the automotive exterior trim parts market which comprises global industry analysis for 2015–2019 and opportunity assessment for the 2020–2030. The report offers complete analysis on global automotive exterior trim parts market through four different categories – By Product Type, By Vehicle Type, By Sales Channel and region. The global automotive exterior trim parts market study provides information of pricing by different life cycle analysis, product life cycle, key market trends and technologies which are being implemented in the production of the automotive exterior trim parts and product adoption in varied end use industries.

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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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Mechanical Performance Tuning Components Market : Value Chain, Stakeholder Analysis and Trends by 2029

The global automotive aftermarket industry is expected to witness a shift towards proprietary channels and partnerships, via e-Commerce platforms in particular. The automotive aftermarket scenario indicates that, currently, around half of the revenue comes from wear and tear parts, which include mechanical performance tuning components such as fuel pumps, fuel injectors, brake shoes, and suspension bushes. Steadily increasing fleet of passenger vehicles and aftermarket expansion activities by OEMs are expected to significantly contribute to the demand for mechanical performance tuning components across the globe.

Though the global automotive industry is witnessing fluctuating growth, the mechanical performance tuning components market is projected to exhibit a moderate CAGR of around 4% over the period of 2022-2029, to reach a valuation of US$ 260.7 Bn by the end of 2029, as per the latest report by FMI.

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Key Takeaways from Mechanical Performance Tuning Components Market Study

  • As per our findings, out of every 10 mechanical performance tuning components sold, 9 are more likely to be sold by small- or medium-sized players.
  • Demand for independent and authorized service providers changes regionally. For example, most consumers prefer authorized stations in North America, in stark contrast to the trend seen in the Middle East and Africa.
  • It has also been observed that, most car owners prefer authorized service stations until the end of the warranty period. After that, independent service stations are preferred by end users owing to reduced costs.
  • Awareness among customers about tuning services plays a key role in the mechanical performance tuning components market. Market participants are conducting technical training and product description sessions to boost awareness.
  • In a few countries, significant rise in the demand for used cars has also been observed among middle income people. Certain performance parts are more likely to get replaced at the time of purchase of a used car.
  • Driving enthusiasts prefer to upgrade their vehicles by consistently modifying them with better performance parts. High fitment rate observed, particularly in SUVs and luxury vehicles, strengthens the demand for mechanical performance tuning components.

“As customers are becoming more quality- and performance-conscious, spending on the maintenance of vehicles is increasing. Higher rate of vehicle ownership among younger age groups that prefer preventive maintenance over repairs will positively impact the mechanical performance tuning components market.”

Mechanical Performance Tuning Components Market: Competition Overview

The global mechanical performance tuning components market is highly fragmented, with the presence of a large number of small- and medium-sized players actively operating in the global market. Zf, Continental AG, Hitachi, Delphi, and Robert Bosch GmbH are identified as prominent players in the global mechanical performance tuning components market. Opening authorized centers and offering extended warranty at optimum price are key growth strategies being adopted by market participants.

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MECHANICAL PERFORMANCE TUNING COMPONENTS MARKET TAXONOMY

The global mechanical performance tuning components market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product Type

  • Engine
    • Engine Oil
    • Oil Filters
    • Cam Pulleys
    • Engine Mounts
  • Transmission
    • Transmission Belts
    • Gear Oil
    • Turbochargers
    • Flywheels
    • Pressure Plates
    • Throttle Cables
    • Transmission Oil Pumps
  • Fuel System
    • Fuel Injectors
    • Fuel Pumps
    • Spark Plugs
    • Glow Plugs
    • Fuel Filters
    • Air Filters
  • Brake
    • Brake Oil
    • Brake Liners
    • Master Cylinders
    • Brake Calipers
    • Brake Shoes
  • Body & Suspension
    • Sway Bars
    • Shock Absorbers
    • Suspension Bushes
  • Exhaust Mufflers

Vehicle

  • Passenger Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Distribution Channel

  • Authorised Service Stations
  • Independent Service Stations

Region

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

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Highly Lucrative Opportunities in Europe

The demand for mechanical performance tuning components is expected to gain significant traction in the coming years, owing to rising awareness about tuning services among vehicle owners and increasing instances of vehicle modification. Relatively higher preference for preventive or scheduled maintenance in Europe is projected to make the Europe performance parts market highly lucrative for investors.

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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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Smart Insulin Pens Market Trend Insights By Growth, Research Methodology, Emerging Trends and Forecast to 2031

ESOMAR-certified consulting firm Future Market Insights (FMI) projects the global smart insulin pens market is likely to surpass the billion dollar mark by 2021, expanding at a positive CAGR, as per a newly published research report. A stupendous double digit growth rate has been predicted for the market in the long-run. Growing preference for non-invasive treatment and the ever widening diabetes burden are likely to steer the market in a forward direction.

According to FMI’s report, the market posted significant gains in the past, with Bluetooth smart insulin pens generating over 30% of the revenue share in 2017. Also, according to the International Diabetes Federation, presently, just under half a billion people are living with diabetes worldwide, and their number is projected to increase by 25% in 2030, and 51% by 2045 respectively.

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Manufacturers, therefore, are leveraging these trends to introduce novel and innovative product lines, enabling them to secure a firm footing in the market. In November 2020, for instance, Medtronic launched its InPenTM smart insulin device equipped with real-time GuardianTM Connect CGM Data- the first smart insulin pen for diabetics on multiple daily injections. Recently, in April 2021, BioCorp and Roche Diabetes Care launched the Mallya smart insulin pen device in France.

Key Takeaways from FMI’s Smart Insulin Pens Market Report

  • By connectivity, Bluetooth connected smart insulin pens to account for over half of the revenue share by 2031
  • By indication, type 2 diabetes treatment to account for the bulk of smart insulin pens deployment
  • Retail pharmacies were the primary distribution channels for smart insulin pens, e-commerce sales spiking rapidly
  • US to experience credible growth amid increasing approval rates for new diabetes management devices
  • Growing preference for needle-free insulin injections to widen adoption across the UK
  • Germany & France to experience increased collaborations between key manufacturers in the long-run
  • Large concentration of regional level manufacturers to pivot growth across India and China

Smart Insulin Pens Market – Key questions answered in the report

  • What trends are in store for the smart insulin pens market growth?
  • According to FMI, the global smart insulin pens market is likely to register a multi-billion dollar valuation in the short and long-run forecasts, attributed to a general increase in the global diabetic population pool and the consequent increase in hospital workload. Demand for Bluetooth connected smart insulin pens is expected to remain especially high
  • Which is the most promising smart insulin pens market?
  • As per FMI’s analysis, demand for smart insulin pens are expected to remain high across the US market, attributed to unceasing efforts by the government to eradicate the diabetes epidemic by virtue of extensive advertising campaigns. Additionally, India and China are expected to emerge as the dominant markets in the Asia-Pacific region, characterized by the presence of numerous regional level manufacturers

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Which prominent players operate in the global smart insulin pens market?

  • Digital Medics Pty Ltd.,
  • Emperra GmbH e-Health Technologies,
  • Companion Medical Inc.,
  • Sanofi Aventis LLC,
  • Novo Nordisk A/S,
  • Eli Lily and Company,
  • Companion Medical,
  • Diabnext,
  • Jiangsu Delfu Medical Device Co. Ltd.,
  • DIAMESCO Co Ltd.,
  • Patients Pending Ltd (Bigfoot Biomedical Inc.),
  • BERLIN-CHEMIE

are some major smart insulin pens manufacturers profiled in FMI’s report

Competitive Landscape

Major insulin pens manufacturers are effectively leveraging major expansion strategies, ranging from new product launches and R&D to collaborating with existing manufacturers or outright/partial acquisition of key market players. A major emphasis is being laid on incorporating virtual technological advancements to enhance diabetes management.

In February 2021, Novo Nordisk and the University of Toronto announced a CAD 40 million investment deal to establish the Novo Nordisk Network for Healthy Populations. This network will focus on new approaches to address diabetes and aid in chronic disease prevention. This will likely help broaden smart insulin pens development.

Companies are also focusing on providing advanced software platforms, such as Digital Medics’ DiabetesPlus DataSync Software. This platform enables users to download insulin and glucose data directly from the device. Key features include downloading insulin data from the insulin pen, glucose levels from the glucose meter and synchronization of data on the Cloud for use with mobile devices.

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According to FMI’s report, the following insulin pens manufacturers currently operate in the global market:

  • Digital Medics Pty Ltd.
  • Emperra GmbH e-Health Technologies
  • Companion Medical Inc.
  • Sanofi Aventis LLC
  • Novo Nordisk A/S
  • Eli Lily and Company
  • Diabnext
  • Jiangsu Delfu Medical Device Co. Ltd.
  • DIAMESCO Co Ltd.
  • Patients Pending Ltd (Bigfoot Biomedical Inc.)
  • BERLIN-CHEMIE

Smart Insulin Pens Market – Key Segments Covered

Indication

  • Diabetes Type I
  • Diabetes Type II

Connectivity

  • Bluetooth Connected
  • USB Connected

Distribution Channel

  • Clinics & Ambulatory Surgical Centers
  • E-Commerce
  • Retail Pharmacies

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 9-years.

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Motorcycle Lead Acid Battery Market Expectations and Growth Trends Highlighted Until 2027

Primarily used in motorcycles, absorbent glass mat (AGM) batteries are gaining significant traction in the global market due to their properties such as swift recharge and high voltage capability.

Motorcycles are experiencing a significant surge in demand in regions such as North America and Europe, while Asia Pacific has always been a region with high demand. As such, the demand for motorcycle lead acid batteries such as AGM is expected to rapidly increase over the forecast period. The global motorcycle lead acid battery market is projected expand at a CAGR of 5.6% during the forecast period of 2019-2027.

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Key Takeaways of Motorcycle Lead Acid Battery Study

  • Increasing electrification and modification in motorcycles has driven the requirement for more powerful batteries. This has led to increasing preference for AGM batteries in Europe and North America.
  • Increasing production of electric motorcycles and rising number of motorcycles are driving new orders and contracts related to lead acid batteries.
  • With improvements in the economy, automobile sales are booming, which is boding well for the SLI (starting, lighting, and ignition) lead acid batteries, since these are the preferred choice for powering internal combustion engine-based automobiles.
  • Since the motorcycle lead acid battery market is demand-driven, growth depends on customer preferences and sentiments across all regions. India, China, and South East Asian countries are expected to hold major market share in the coming years.
  • Lead acid battery technology is facing stiff competition from alternative technologies that are being inculcated in batteries, such as lithium ion (Li-ion), zinc-air, and nickel metal hydride (Ni-MH).

The APAC motorcycle lead acid battery market is expected to offer the most opportunities, owing to increasing demand for motorcycles in countries such as China and India. Moreover, motorcycles are expected to be extensively utilized as a transport option across Africa, boosting the demand for motorcycle lead acid batteries at a rapid pace in the region.

Competitive Landscape

Key players involved in the motorcycle lead acid battery market include Bosch Limited, Banner Battery, Dynavolt Renewable Energy Technology Co., Ltd., Leoch International Technology Limited Inc., Chaowei Power, Deltran Battery Tender, Southern Batteries Pvt. Ltd., and Camel Group Co., Ltd. among others.

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MOTORCYCLE LEAD ACID BATTERY MARKET TAXONOMY

Motorcycle Lead Acid Battery Market: Segmentation

Vehicle Type

  • Motorcycles
  • Scooters

Sales Channel

  • OEMs
  • Aftermarket

Region

  • North America
  • Latin America
  • Europe
  • APAC
  • 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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Automotive Hardware Market Latest Advancements and Business Opportunities 2029

Escalating sales of commercial vehicles are identified to remain among the key factor bolstering sales of automotive hardware at a global level. The global automotive hardware market is projected to reach a market value in excess of US$ 100 Bn by 2029 end, with growth anticipated at a moderate CAGR during the forecast period (2019 – 2029). The rate of replacement of automotive hardware in heavy commercial vehicles (HCVs) has been on a higher side than passenger cars, which would drive automotive hardware sales in the following years, as suggested by a new Future Market Insights (FMI) study.

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Key Takeaways – Automotive Hardware Market Study

  • OEMs are majorly driving growth of the automotive hardware market.
  • High aftermarket fitment rate of automotive hardware and vehicle modification trend are also moderately contributing to the market growth.
  • As people are less brand-conscious at the time of replacement of majority of products such as door seals, mounting brackets, door straps, among others, independent players play key role in aftermarket replacement.
  • More than 40% of the revenue in automotive hardware market comes through sales of door latches and mounting brackets. High replacement rate of these products is fuelling market growth.

OEMs would remain the primary contributors to the global automotive hardware market. However, increasing rate of vehicle modification is also playing an important role, of late, in driving the aftermarket sales of automotive hardware.

Lucrative Growth Opportunities Abound in South East Asian Market

The demand for automotive hardware is expected to gain traction in South East Asia in the coming years, owing to higher automotive production. Increasing disposable income and growing middle class income group in this region are expected to fuel market growth. Countries including India, Indonesia, Thailand, and Malaysia to contribute to the growing market of automotive hardware in the region.

What Is Driving Competition in Automotive Hardware Market?

The global automotive hardware market is highly competitive, with the presence of large number of global and regional manufacturers. Key manufacturers such as Magna International Inc., Aisin Seiki Co Ltd, Mitsui Mining and Smelting Co Ltd, Nissin Kogyo Co Ltd, Dorman Products, and Gestamp Automocion account for very less share of the overall market. In the current scenario, Europe and East Asia are anticipated to account for more than half of the market value share of the global automotive hardware market, owing to higher automobile production in these regions.

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AUTOMOTIVE HARDWARE MARKET TAXONOMY

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

Product

  • Door Latches
  • Exterior Door Handles
  • Door Seals
  • Door Straps
  • Door Hinges
  • Mounting Brackets
  • Gas Springs
  • Fuel Flaps
  • Grab Handles
  • Shackles
  • Bonnet Support Rods
  • License Plates
  • Seat Belt Latches
  • Door Lock Buckles

Vehicle

  • Passenger Vehicles
    • Compact Cars
    • Mid-sized Cars
    • Luxury Cars
    • SUVs
  • Light Commercial Vehicles
  • Buses & Coaches
  • Trucks & Trailers

Sales Channel

  • OEM
  • Aftermarket

Region

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • Middle East and 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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Automotive Performance Parts Market – Future Scenario, Key Insights, Top Companies 2031

The global automotive performance parts market is primarily driven by consumers’ desire to improve their vehicle’s performance in terms of exhaust, speed, and cosmetic factors, among other things. As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global automotive performance parts market is anticipated to total US$ 324.5 Bn in 2021.

With increasing sales of passenger vehicles across the globe, the automotive performance parts market is expected to grow at a CAGR of 4.7% through 2031, opines FMI.

The introduction of an online portals retailing aftermarket performance parts, along with digitization of component delivery sales and services, are projected to attract significant investments from key players in the automotive performance parts market.

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Leading players in the automotive performance parts market are actively utilizing modern-day production technologies, such as 3D printing of automotive performance parts to reduce production costs. 3D printing enables effective fabrication performance and reduces emission toxicity. These developments are anticipated to positively shape the demand outlook for automotive performance parts during the forecast period.

Besides this, strict regulatory standards for reducing greenhouse emissions and automobile safety are expected to significantly propel sales of automotive performance parts.

“Increasing demand for better performing vehicles, coupled with growing investments in repairs and maintenance by vehicle owners will drive sales of automotive performance parts in the forthcoming decade,” says the FMI analyst.

Key Takeaways:

  • Based on product type, torque converter are expected to account for more than 51% of the total sales of transmission parts segment, due increasing sales of automatic transmission vehicles.
  • In terms of vehicle type, passenger cars are projected to account for 74% of the total market share.
  • Europe is estimated to hold more than one-third of the global automotive performance parts market share. Expansions of thr automotive industry and the presence of key leading players will continue augmenting market growth.
  • South Asia Pacific is projected to be the fastest growing market with a CAGR of 6.4%. The increasing automotive sales in developing countries like India will continue spurring demand for automotive performance parts.
  • East Asia is projected to account for around 24% of the total automotive performance parts sales.
  • The aftermarket segment will account for more than half of the total automotive performance parts sales.
  • Japan and South Korea will collectively account for 7.7% of the total market share.

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Automotive Performance Parts Market Competitive Landscape

Leading players included in this report are Robert Bosch GmbH, Continental AG, BorgWarner Inc., Tenneco Inc., Donaldson Company, Inc., Holley Performance Products, Mitsubishi Heavy Industries, Ltd., Honeywell International Inc., EXEDY Corporation, Denso Corporation, AISIN SEIKI Co., Ltd., Hitachi Astemo, Ltd., The NGK Spark Plug Co., Ltd., Cummins Inc., ZF Friedrichshafen AG, Valeo, TREMEC, Hyundai Mobis.

As per FMI, ZF Friedrichshafen, Hitachi, Denso Corporation, Valeo, NGK Spark Plug Co., Ltd. are the top players who account for a share of more than 53% of the market.

Automotive Performance Parts by Category

By Product Type:

  • Exhaust Systems
    • Headers
    • Mufflers
    • Oxygen Sensors
    • Exhaust Pipes
    • Catalytic Converters
  • Suspension Parts
    • Suspension Bushing
    • Sway Bars
    • Shock Absorbers
  • Brakes
    • Brake Pads
    • Brake Rotors
    • Brake Caliper
    • Brake Lines
    • Brake Master Cylinders
    • Vacuum Pumps
  • Fuel Air & Intake Systems
    • Air Filters
    • MAF Sensors
    • Intake Manifold
    • Throttle Bodies
    • Fuel Filters
    • Spark Plugs
    • Fuel Injectors
    • Fuel Pumps
  • Transmission Parts
    • Clutch Pressure Plates
    • Flywheels
    • Torque Converters
    • Clutch Linkage
  • Power Adders
    • Turbochargers
    • Intercoolers
    • Nitrous Oxide Systems
    • Superchargers

By Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Sales Channel:

  • First Fit
  • Aftermarket

By Region:

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

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Key Points Covered in Automotive Performance Parts Market Analysis

  • 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 performance parts 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
Browse All Reports: https://www.futuremarketinsights.com/reports
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