Valve Seat Inserts Market is anticipated to witness a considerable CAGR of 4.0% by value during the period of 2022 and 2029, value of about US$ 5,881.9 Mn by 2022 end

A new market research report by Future Market Insights on the valve seat inserts market includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates into the valve seat inserts market and provides critical insights for the forecast period of 2019-2029. As per the market assessment, the valve seat inserts market is likely to grow at a considerable growth of 4.0% against the backdrop of ongoing increase in vehicle parc and anticipated growth in automobile production.

[287 Pages Report] Future Market Insights (FMI) has forecasted the valve seat inserts market to grow with year over year growth of 4.0% in 2022 reaching value of about US$ 5,881.9 Mn by 2022 end. The global business is anticipated to witness a considerable CAGR of 4.0% by value during the period of 2022 and 2029.

The global valve seat inserts market is estimate to be valued at ~US$ 5 Bn in 2019, mainly influenced by the trade tensions, political environment, and government policies to boost the automobile sector. Moreover, the growth outlook for the valve seats inserts aftermarket is stable, although the market structure pertaining valve seat inserts will change significantly over the coming years. Moreover, to win over the market imponderables and shakeouts, the manufacturers such as Federal-Mogul, Mahle, and Nippon Piston Ring are heavily investing on capacity expansions, R&D for the development of new materials, and new distribution channels.

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As per the analysis, manufacturers are likely to focus on developing valve seat inserts using new technologies such as powder metallurgy to overcome the challenges put forward by conventional manufacturing techniques. The growth of maritime tourism coupled with increase in the number of two-wheelers in nations such as India will provide an impetus to the market growth in the coming years.

Anticipated Increase in the Demand to Offer Lucrative Market Space  

Valve seat inserts market is directly correlated to automotive production. Despite the unstable economic conditions in the recent past, on an average, the global automotive industry has witnessed plausible growth. Automotive production is anticipated to increase at a modest CAGR of 3–3.5% over the forecast period. Increasing automotive production, automotive sales, and easier credit availability are found to be key imperatives to drive the global valve seat inserts market during the forecast period. Transition from mature markets to developing markets will intensify in the longer term to capture growth in the valve seat inserts market.

As per FMI analysis, automotive production is expected to be higher in developing economies as compared to that in developed economies. This can mainly be attributed to the increasing middle-class, changing demographics, and stable economic conditions in these regions. During the forecast period, the fleet on road is also expected to rise at a modest CAGR, thus providing marginal opportunities for growth in the valve seat inserts market.

Automotive – A Prime Mover for the Global Market Growth

A robust market trajectory is foreseen for the valve seat inserts market. In addition, passenger cars and commercial vehicles using a multi cylinder engines to remain the predominant end users of valve seat inserts.

  • To benefit from the ever-growing demand for valve seat inserts, the companies are heavily investing to improve their manufacturing capabilities and launching new products produced by inclusion of new materials. Among the core end-users, passenger cars are set to dominate the market due to a large volume of the production and fleet figures. Also, industrial machinery and off-highway are likely to offer a promising outlook in the near future. It is evident from the fact that demand from road construction, mining, and defense is expected to drive up the consumption of valve seat inserts for off-highway machinery.
  • Expansion of warehouse space globally, strong demand for forklift truck replacements in developed markets, and growing e-commerce business is likely to substantially enhance the sales of valve seats inserts. Moreover, FMI assessed an anticipated increase in the production (4-6% annually) of industrial trucks to surge the consumption of valve seat inserts.

Valve Seat Inserts Market: Vendor Insights

The report titled valve seat inserts highlights some of the prominent market players, who have established themselves as the prominent stakeholders in the global valve seat inserts market. Some of the examples of key players in the global valve seat inserts market are MAHLE GmbH, Tucker Valve Seat Company, Indian Seats & Guides Company, Nippon Piston Ring co., Ltd, Dura-Bond Bearing Company, BLW Engine Valves, Federal-Mogul LLC, MS Motorservice International GmbH, Microfinish, Kavya International, Perfect Alloy Components Pvt. Ltd., Coopercorp Engine Components, Summit Valve Train LLC, XLP Engineers Pvt. Ltd., among others.  Furthermore, Dura Bond and Mahle have developed valve seat inserts that help customers achieve better cylinder head machining and engine performance. In addition, Federal-Mogul’s new material for valve seat inserts is suitable for both cast iron and aluminum cylinder heads and is compatible with gasoline, diesel, biodiesel fuel blends, and ethanol

In terms of market structure and tier analysis, the global valve seat inserts market is significantly fragmented with few players holding a prominent share of nearly 40% in the valve seat inserts market.

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The study finds that production cuts and plunged auto sales in the past few months have changed the situation. However, government spending, tax cuts, subsidies, and policies will continue to fuel the growth of the auto sector and valve seat inserts market. In a nutshell, the global valve seat inserts market will continue to grow at a CAGR of ~4% between the forecast periods of 2019 and 2029.

Key Segment

By Material

  • Iron Alloys
  • Steel
  • Nickel-based Alloys
  • Others

By Sales Channel

  • OEM
  • Aftermarket

By Engine

  • Gasoline Engines
  • Diesel Engines
  • Gas Engines

By End Use  

  • Automotive
  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Off-Highway
  • Two wheelers
  • Marine
  • Industrial Machinery

By Region 

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

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Valve Seat Inserts Market – Key Research Findings

  • The global valve seat inserts market size in 2019 is predicted to reach ~US$ 5 Bn.
  • The valve seat inserts market is expected to grow at a CAGR of ~4% during the forecast period of 2019-2029.
  • According to analysis, new material development for valve seat inserts is being done by the manufacturers while ensuring the engines meet performance and durability standard. Additionally, at a capacious level – environmental factors, ride sharing, better public transport, and urban apartment living are the macro-level factors to sway the demand in car purchases.

 

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Automotive Lead Acid Battery Market : The global automotive lead acid battery sales is projected to increasing, enabling the market’s valuation to reach US$ 36.2 Bn in 2031, according to the latest research by Future Market Insights (FMI). The report estimates the market to expand at a steady CAGR of over 3% through the course of 2021-2031.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Automotive Control Cable Market is growing at a CAGR of 4.6% over the forecast period 2022-2029

A new market research study by Future Market Insights on the automotive control cable market contains global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the automotive control cable market and provides critical insights for the forecast period of 2022-2029. As per the findings of the report, the ~US$ 2.1 Bn market for automotive control cable will witness a moderate 4% annual rise in the revenues, by 2022 end.

New vehicle model launches, and the spectacular rise in vehicle parc, have been the leading market growth influencers. While gains are majorly driven by the increasing demand for automotive vehicles, government mandates regarding anti-lock braking systems for passenger and commercial vehicles, are identified to remain the key growth determinants for market. This scenario will particularly prevail in developing countries, such as India, China, and Brazil, among others, according to FMI’s analysis.

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The onset of rapid mainstreaming of electric vehicles is rendering a new dimension to the automotive control cable landscape. FMI offers exclusive insights on this, in addition to how companies actively operating in the automotive control cable landscape are focusing on competitive strengths and improved technology, towards the transformation of the auto ancillary industry, since it is a low-volume and highly fragmented sector. 

A Stream of Opportunities in South Asia’s Market

Regions such as South Asia and East Asia are projected to generate substantial growth opportunities in the forecast period owing to the rise in the number of vehicle consumers, increasing urban population, sales of automobile, and vehicle parc in these regions. China is one of the prime countries in East Asia, which has a prominent share in the market due to the presence of several automotive control cable manufacturers in the country. The China market is likely to boost the growth of the East Asia automotive control cable market. India and ASEAN countries in South Asia and Pacific are projected to boost the automotive control cable market owing to the rise in disposable income of major population and prominent factors such as urbanization.

The North America market is likely to be one of the prominent markets in the global automotive control cable market due to the increasing vehicle production in the region and demand for automotive control cables by automobile customers enhancing safety features of the vehicle. Moreover, regions such as Latin America and MEA are also expected to witness a healthy CAGR during the forecast period. The report also includes all the major countries in every region. All relevant macroeconomic and forecast factors are considered while studying the automotive control cable market size.

By vehicle type, the compact vehicle type of automotive control cable segment is expected to hold prominent value shares of the global automotive control cable market. This has majorly resulted from the increasing production of compact vehicles and its features such as lower price point, less parking space requirement, etc. On the basis of sales channel, the OEM segment is expected to hold a majority share of the global automotive control cable market value due to more reliability and durable life cycle of automotive control cables.

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Automotive Control Cable Market by Category

By Product Type:

  • Door Cable
  • Hood Cable
  • Transmission Cable
  • Trunk Cable
  • Brake Cable
  • Clutch Cable
  • Throttle Cable
  • Fuel Cap Cable

By Coating Material:

  • PCV cables
  • Polyethylene

By Vehicle Type:

  • Compact
  • Mid-size
  • Luxury
  • SUV
  • LCV
  • HCV

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

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Automotive Control Cable Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global automotive control cable market. Few examples of key players in the market are Thai Steel Cable Public Co., Ltd, Minda Corporation Limited, Kongsberg Automotive ASA., Suprajit Engineering Ltd, Ficosa Internacional SA, and Dura Automotive Systems, among others.

The global automotive control cable market is significantly consolidated with some players holding prominent shares of the market. These players have strategic partnerships with car manufactures. For instance, Suprajit Engineering Ltd. collaborated with several car manufactures such as Tata Motors, General Motors (India), BMW, Volkswagen, and Ford India Limited, Suzuki, among others, to provide automotive control cables.

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About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

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Boat Trailers Market to register a CAGR of 4.5% and top a valuation of around US$ 1.3 Bn by end of 2029

Future Market Insights (FMI) has released its latest report on the boat trailers market, which includes Global Industry Analysis 2014–2021 and Opportunity Assessment 2022–2029 and covers the key trends, market success factors, historical market value and volume, factors affecting the market, macroeconomics factors, along with the forecast factors.

FMI has conducted a thorough research on the boat trailers market. The boat trailers market research study estimates that the bunk trailer segment is expected to create significant revenue growth opportunities in the global boat trailers market during the assessment period. The value of the global boat trailers market was ~US$ 978.7 Mn in 2022. The boat trailers market is estimated to grow at a healthy CAGR of ~ 4.5% during the forecast period.

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Increasing Boat Sales for Recreational Activities

The boat trailers market growth is directly correlated with increasing fleet of boat and new sales of boats. With the increase in the growth of marine tourism and water activities, the demand for new boats is expected to rise, which in turn, fuels the sale of boat trailers.

The main advantage offered by the boat trailer is to provide the flexibility for transport boats to various places such as inlets, rivers, lakes, bays, & the sea. There are two types of boat trailers, bunk and roller type trailers, which are used by end users. With the increase in boat parc, the demand for boat trailers also increased as boat trailers provide safety to boats and increases the life of a boat.

Boat trailers also prevent salt water boats from rust formation due to coatings and change of materials. Such features have led to the growth of the global boat trailer market.

Moreover, increasing average life of the boat and growing maintenance and services of boats, increases the sales of boat trailers for old boats. In 2017, more than 10 million boats were registered in the U.S. and this number is estimated to grow with ~ 1% growth rate in the nearby future. With the increase in the U.S. boat fleet, the sales of boat trailers also increases as the U.S. holds ~43% share in the global boat trailer market.

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Global Boat Trailers Market by Category

By Product Type :

  • Bunk Trailers
  • Roller Trailers
  • Hybrid Trailers

By Material Type :

  • Aluminium
    • Single Axel Type
    • Triple Axel Type
    • Tandem Type
  • Galvanized Steel
    • Single Axel Type
    • Triple Axel Type
    • Tandem Type

By Load Capacity :

  • Up to 1,500 kg
  • 1,500 kg- 3,000 kg
  • 3,000 kg- 4,500 kg
  • More than 4,500 kg

By Region :

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

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Market Attractiveness of the South Asia-East Asia-ASEAN Cluster Surging

In the global boat trailers market, South Asia and East Asia are estimated to grow with high growth rate over the forecast period due to the increasing number of marine tourists and also, increases the sales of boats and boat parc across regions. In East Asia, China is one of the prominent countries and holds a significant share in the market due to the presence of several manufacturers in the country.

China is expected to drive the growth of the East Asia boat trailer market. In South Asia, India and ASEAN countries are estimated to boost the growth of the market due to the increasing disposable income of the middle class population.The North America market is projected to be a prominent market in the global boat trailers market, owing to the high demand and use of boat trailers for personal and commercial applications.

Moreover, Latin America and Middle East & Africa markets are also estimated to grow with healthy CAGR throughout the forecast period. We have also considered the Caribbean region in Latin America. All prominent macroeconomic and forecast factors are included while calculating the boat trailers market size.

Some of the main players involved in the manufacturing of boat trailers included in this study are TRIGANO Group, Boatmate Trailers, Kropf Industrial Inc., Hydrotrans, Balbi Rimorchi Srl, EZ Loader, Shoreland’r, TRACKER, Load Rite, Hostar Marine Transport Systems Inc., Karavan Trailers, HLT Ltd., and Venture Trailers, among others.

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Automotive Glass Market : The global demand for automotive glass has declined significantly in 2020, 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.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Future Market Insights
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Automotive Performance Tuning and Engine Remapping Services Market to grow at a CAGR of 6.3% from 2021 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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Electric Scooters Market : Growing environmental concerns, coupled with demand for reduced costs of commute, easy commutation, and emission control are primary factors encouraging the adoption of electronic vehicles across the world. These factors also will enable the electric scooters sales to total US$ 8.8 Bn in 2021.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
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United Arab Emirates
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Automotive Remote Diagnostics Market Expanding at an impressive 18.9% CAGR by 2028

According to a new study of Future Market Insights (FMI), the automotive remote diagnostics market is projected to record a CAGR of nearly 18% through 2028. Growth of the automotive remote diagnostics market will continue to remain bolstered by a plethora of factors, which range from increasing focus of automakers on reducing maintenance cost & downtime and growing integration of IoT, to the emergence of connected car eco-systems in vehicles.

[277 Pages Report] Sales in the global automotive remote diagnostics market are slated to top US$ 11.6 Bn in 2022. Expanding at an impressive 18.9% CAGR, the market size is projected to total US$ 32.9 Bn by 2028.

Automotive remote diagnostic solutions have gained pervasive popularity among automakers and vehicle owners alike, in light of the value-added advantages of the technology. Reduced maintenance and service downtime, along with the identification of the bottlenecks beforehand, and enabler of on-point, efficient solutions, are some of the key benefits of the automotive remote diagnostics that are driving their demand.

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Additionally, attributes of the automotive remote diagnostics, beneficial for vehicle owners, in terms of identifying potential downturns, defects, and shortcomings of the vehicle in advance, and reducing the total time and cost spent during maintenance, are further expected to drive growth of the automotive remote diagnostics market.

The upward trend of vehicle electrification has had a massive and direct influence on growth of the automotive remote diagnostics. Additionally, recent rise in the connected-car ecosystem, along with the proliferation if IoT and connected devices in the automotive industry, will continue to favor growth of the automotive remote diagnostics market in the foreseeable future.

Automotive Remote Diagnostics Equipment to Account for Leading Market Shares

While equipment and software both form integral parts of an automotive remote diagnostics, the study finds that equipment will continue to account for leading shares of the market, owing to associated periodical replacement and maintenance activities. On the other hand, software are installed in the equipment as first fit, and are renewed on the basis of subscriptions. This further alludes high-growth potential of software solutions in the automotive remote diagnostics market.

Automotive remote diagnostics market will continue to witness robust gains from the light commercial vehicles, compared to other vehicle categories. As the logistics and transportation sector gains increased traction, vis-à-vis growth of the ecommerce and warehousing industry, light commercial vehicles are expected to record relatively greater sales compared to their past statistics. This will create significant opportunities for players in the automotive remote diagnostics market.

Automotive remote diagnostics are expected to witness high demand in vehicle system & component access, and health tracking & diagnosis applications. These application requirements are comparatively higher in commercial vehicles, and with the rise in construction and infrastructure development activities, demand for the commercial vehicles, and in turn the automotive remote diagnostics will also rev up in the near future.

Europe to Remain Most Attractive Market for Automotive Remote Diagnostics

The study finds that Europe will continue to be the most lucrative market for automotive remote diagnostics, trailed by North America. The economic vigor and robust infrastructure development activities in the region allude at significant sales of commercial vehicles, along with passenger cars, which in turn continue to drive demand for advanced solutions such as the automotive remote diagnostics. According to the study, East Asia will also remain an attractive market for automotive remote diagnostics, with sales projected to grow at a CAGR of over 20% through 2028.

The automotive remote diagnostics market continues to remain consolidated, with leading players accounting for bulk shares of the market. Additionally, the complexity and extensive R&D investments required to provide a total solution continue to present significant entry barriers to new market entrants, which further underpins the supremacy of leading players in the automotive remote diagnostics market.

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AUTOMOTIVE REMOTE DIAGNOSTIC MARKET TAXONOMY

The global automotive remote diagnostics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.

By Product Type

  • Equipment
  • Software

By Vehicle Type

  • Passenger Cars
  • Compact
  • Mid-Sized
  • Luxury
  • SUVS
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)

By Application

  • Vehicle System & Component Access
  • Vehicle Health Tracking & Diagnosis
  • Service Assistance

By Region

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

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Key players operating in the automotive remote diagnostics market include Robert Bosch GmbH, Tech Mahindra Limited, Continental AG, OnStar LLC, Vector Informatik GmbH, Transics, Verizon, ACTIA Group, Softing AG, Magneti Marelli S.p.A., IBM, and Harman International, among others.

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Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Future Market Insights
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Fire Trucks Market to expand at a CAGR of 3.6% for the period between 2022 and 2027

With surging industrial safety concerns and frequently evolving safety regulatory guidelines, fire trucks continue to witness significant technological innovation. To cater to stringent norms set by the US NFPA (National Fire Protection Association) and other government affiliated entities, manufacturers of fire trucks are focusing on equipment upgrade – translating into demand growth in the fire trucks market.

[110 Pages] According to Future Market Insights (FMI), the fire truck market will expand by 3.0% year over year in 2022, reaching a value of over US$ 6,551.1 by the end of the year.

Below 4% Y-o-Y Forecast for Fire Trucks Market Revenue in 2019

The global fire trucks market has been witnessing emergence of specialized fire trucks in recent past, which is foreseen to be an important factor contributing to market growth. However, the approximately US$ 5 billion global landscape of fire trucks is projected for a sluggish below 4% yearly growth rate in 2022 and ahead. A new market intelligence on global fire trucks landscape forecasts a passive growth outlook for the market. High initial capital and relatively low penetration rate are prominently posing a challenge to the market growth, as indicated by the report.

A senior market research analyst adds further, “Even though the fleets of fire trucks are aging, they are not being replaced by the new ones at a considerable pace. While this is straightaway hampering the sales of new fire trucks, the entire scenario ultimately results in limiting the revenue growth of global fire trucks market. This is foreseen to be the situation in the long run, if the same continues over coming years”.

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Improving Scope of Rescue Fire Trucks to Uplift Market in Developing Regions

Developing regional markets, experiencing dramatic advancements in construction and infrastructure industries, are compelling various governmental and non-governmental bodies to impose strict regulatory and administrative codes. This, according to the report, will remain the key factor propelling demand for fire trucks across emerging economies, in coming years.

More than 55% sale of fire trucks is accounted by adoption for residential and commercial end use applications, followed by that in enterprises and airports. While the rampant expansion of construction industry is cited responsible for catering to the demand for fire trucks in residential and commercial sectors, developed regional markets are presumably driven by consistently progressing interest in adoption of the cutting edge technologies enabled fire mechanical assemblies and equipment. The report thus highlights relatively high rate of fire trucks purchase across economies such as the US, UK, France, and others in North America and Europe.

While Europe and North America remains the global manufacturing and operational hubs for key manufacturers of fire trucks, the report projects a strong possibility of developing regions serving significantly in reshaping the entire competitive scenario of fire trucks market. A large number of SMEs in the fire trucks space are rapidly shifting their manufacturing bases to progressing economies – including China, India, Russia, Brazil, and ASEAN countries, to capitalize on the inexpensive labor costs and lucrative opportunities arising in the residential and commercial segments. The report says that over the next few years, Latin American market for fire trucks is likely to witness emergence of Brazil and ROW as production hubs for fire truck manufacturers.

The demand for rescue fire trucks is slated to sustain in airports to cater to soaring terminal security demands. Research also points to sustained sales of ARFF (aircraft rescue firefighting) vehicles for rescue operations at airport terminals. With a significant upsurge in air traffic and a considerably increasing number of airlines as a global level, it is more likely that the fire trucks demand at airports would be sustained over coming years.

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Over 50% Market Value Share Belongs to Seven Leading Players

The top seven players in fire trucks marketplace account for more than half of the total market value, as indicated by research. The prominent companies competing in this fairly consolidated landscape are investing in strategic acquisitions and collaborations in an effort to reaffirm their market positioning.

Long-term contractual deals for reliable supply of specialized fire trucks are likely to strengthen strategic relationship between market leaders and key distributers. Expanding existing fire trucks portfolio, with maintaining the focus on novel technological innovations, leading manufacturers and suppliers of fire trucks that are actively operating across the global value chain are projected to prioritize fire trucks and equipment upgrade.

Although pumpers and tankers contribute majorly to total sales of fire trucks at present, the report indicates growing demand for aerial platform fire trucks and rescue fire trucks – likely to shape competitive manufacturing strategies of key manufacturers in the market. In the backdrop of the rate of natural calamities occurred in recent past, it is more likely that rescue fire trucks would experience growing demand.

Fire Trucks Market: Segmentation

On the basis of product type, the global fire trucks market has been segmented into:

  • Pumpers
  • Tankers
  • Rescue Fire Trucks
  • Aerial Platform
  • Other Speciality Trucks

On the basis of end users, the global fire trucks market has been segmented into:

  • Enterprise & Airports
  • Residential & Commercial Buildings
  • Military
  • Others

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Key Questions Answered in the Report

  • How has the Fire Truck market evolved in the past four years?
  • What shape is the Fire Truck market expected to take, in terms of value and volume, during the forecast period?
  • What are the dominant market dynamics in the Fire Truck market?
  • How is the competition landscape at the moment and what are some of the trends in the Fire Truck market?
  • What are some of the underlying macroeconomic and industry factors impacting the growth of the Fire Truck market?

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Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Future Market Insights
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Ship Repair and Maintenance Services Market is set to be valued at US$ 44.3 Bn, And expanding at 6.5% CAGR through 2031

Ship repair and maintenance services market is set to be valued at US$ 44.3 Bn, expanding at 6.5% CAGR through 2031, according to latest research conducted by Future Market Insights (FMI).

As per Future Market Insight (FMI), the ship repair and maintenance services market is expected register year-on-year (YoY) growth of 5.9%, reaching US$ 23.6 Bn in 2021.

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Continuous rise in shipbuilding activities and increasing spending in research activities for the expansion of wireless seaborne trade is expected to create growth opportunities during the forecast period.

Demand for ship repair and maintenance services is surging owing to the growing usage of ships for diverse purposes. Governments in many countries are taking initiatives to strengthen the maritime industry.

Based on these factors, the market is anticipated to create incremental opportunities for the ship repair and maintenance services market players during the forecast period (2021-2031).

Sales are expected to surge due to increasing import-export activity and implementation of favorable regulations encouraging seaborne trade. Ship repair and maintenance play a supporting role in the marine industry. Because of the significant advantages of maritime transportation, ships transport approximately 90% of the world’s imported and exported goods.

The outbreak of COVID-19 however dampened the sales prospects owing to supply chain and market disruption. Nevertheless, with recovery of trade activities and relaxations in international trade, the market is expected to regain its pre-pandemic status.

Key Takeaways from Market Study

  • In the vessel type segment, bulk carrier is anticipated to grow at an impressive CAGR close to 8%.
  • In the service type segment, hull part holds nearly 30% of the global market share in 2031.
  • Demand for passenger ships and ferries are expected to increase at a high pace, encouraging the sales of ship repair and maintenance services.
  • The market in South Asia & Pacific is projected to create incremental $ opportunity worth US$ 9.6 Bn between 2021 and 2031.
  • India and Singapore are expected to emerge as the most lucrative market across South Asia & Pacific during the forecast period.

“Digital innovations, coupled with the inclination for seaborne trade activities, are expected to propel the growth of the market. In order to capitalize on this existing opportunities, key players are investing in research and development activities. Some are spending on the integration of wireless technology in ship repair. These developments will help the market gain momentum in the coming years,” says a Future Market Insights analyst.

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Key Market Segments Covered

 By Vessel Type:

  • Oil and Chemical Tankers
  • Bulk Carriers
  • General Cargo
  • Container Ships
  • Gas Carriers
  • Offshore Vessels
  • Passenger Ships and Ferries
  • Mega Yachts and Other Vessels

By Service Type:

  • General Services
  • Dockage
  • Hull Part
  • Engine Parts
  • Electric Works
  • Auxiliary Services

By Region:

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

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Competitive Landscape

The leading companies are implementing various strategies such as mergers and acquisitions and new product launches to venture into new markets. Some of the key players in this market are Damen Shipyards Group, Sembcorp Industries Ltd., Cochin Shipyard Limited, China Shipbuilding Industry Corporation, Fincantieri S.p.A., Dae Sun Shipbuilding & Engineering Co. Ltd., Hyundai Mipo Dockyards Co. Ltd., Arab Shipbuilding and Repair Yard Company, Keppel Corporation Limited, United Shipbuilding Corporation, Alexandria Shipyard, Dormac Ship repairs, Astican, HOSEI CO. LTD, TSUNEISHI SHIPBUILDING Co. Ltd and Dundee Marine & Industrial Services Pte Ltd.

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Automotive Pump Market : The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Future Market Insights
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Automotive Exhaust Systems Market to expand at over a 4% CAGR through 2031

ESOMAR certified consulting firm Future Market Insights’ recent report on the automotive exhaust systems market forecasts a relatively stable outlook for FY 2021-22, compared to the previous year, as the global automotive industry emerges from the recessionary impact of the coronavirus pandemic crisis. As production cycles resume, a gradual recovery is anticipated in the short-run, eventually translating into a stable outlook through 2031.

According to the report, growth prospects were weighed down significantly, attributed largely to a mature and stagnation in growth curves across the global automotive industry. Projections reflected a value of just under US$ 25 billion in 2017. In addition, automotive sales witnessed a marked decline of over 5%, down to nearly 92 million units by 2019.

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In spite of such downswings, growth has been sustained by increasing drives towards attaining zero carbon emission goals. Initiatives such as the UK government’s Road to Zero project have pledged to achieve at least a 70% sales figures with respect to low emission cars. Likewise, the US EPA’s Cleaner Trucks Initiative seeks to revise NOx emission levels, with strides already visible in the form of a 40% reduction in emission levels since 2001. The market is poised to expand at over a 4% CAGR through 2031.

Key Takeaways from FMI’s Automotive Exhaust Systems Market Study

  • Mufflers to cement its dominance, expanding at over 4% CAGR through 2031, by product type
  • By vehicle type, passenger cars are expected to retain the crown through 2021 and beyond
  • Automotive exhaust systems for gasoline driven vehicles to experience a substantial incline
  • Aftermarket sales to account for the maximum share in the automotive exhaust systems market
  • Key initiatives, including the Cleaner Trucks Act, to largely elevate automotive exhaust sales across the US
  • UK market to expand amid increasing LCV registration frequencies through 2021
  • Intensive EV infrastructure development to elevate German automotive exhaust systems growth prospects
  • China to cement its presence across the Asia-Pacific, characterized by a robust local manufacturing base

“Key manufacturers of automotive exhaust systems are emphasizing on incorporating selective catalytic reduction (SCR) technology based emission curbing approaches, prompting numerous innovations and product launches, expected to widen revenue pools across the forecast period,” says an FMI analyst.  

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Competitive Landscape

Prominent automotive exhaust systems manufacturers are leveraging the most contemporary developments prevailing across the global automotive industry, including the quest to achieve carbon neutrality, spurring various technological advancements in compliance with key regulatory provisions.

To achieve this goal, prominent automotive aftermarket player Bosal International N.V. announced the launch of a new manufacturing unit and R&D center in Shanghai, China, in February 2021. This venture will support a supply contract for its original equipment customer Geely, to develop an eco-friendly exhaust system for the Volvo XC40 passenger car.

Also, Faurecia S.A. announced in February 2021 that it has acquired a significant stake in CLD, one of China’s largest high-pressure tank manufacturers to develop homologated type III and IV hydrogen storage tanks for the Chinese automotive market. This development is significant as China is expected to represent at least one million fuel cell vehicles by 2030.

Key Segments Covered

By Product Type

  • Exhaust Manifold
  • Muffler
  • Catalytic Converter
  • Oxygen Sensor
  • Exhaust Pipes

By Vehicle Type

  • Passenger Car
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Engine Type

  • Gasoline
  • Diesel

By Sales Channel

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

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Car Security System Market: The car security system market is expected to reach a valuation of US$ 7.60 Billion by 2021, according to the latest insights by Future Market Insights (FMI). The overall sales is expected to grow at a CAGR of 5.8% between 2021 and 2031.

Electric Scooters Market : Growing environmental concerns, coupled with demand for reduced costs of commute, easy commutation, and emission control are primary factors encouraging the adoption of electronic vehicles across the world. These factors also will enable the electric scooters sales to total US$ 8.8 Bn in 2021.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Future Market Insights
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Aircraft Tire Market expanding at a CAGR exceeding 6% throughout the forecast period 2021 – 2031

ESOMAR-certified consulting firm Future Market Insights (FMI) has recently published a report on the global aircraft tire market for the forecast period 2021-2031. According to the report, the market is expected to post impressive gains, expanding at a CAGR exceeding 6% throughout the forecast period. Increasing production of narrowbody and widebody aircrafts are spurring demand.

The market posted steady growth in historical period, backed by the high demand of bias ply aircraft ties from military aviation industry. Consistent demand for narrowbody aircrafts backed by the high demand from defense and military sector across the U.S., India, China, and Germany bolstered the market growth.

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Competitive advantage of bias ply over radial ply in providing higher strength, stability and ground traction will continue to fuelling the demand for former over the forecast period. Besides this, a key trend gripping the aircraft tires landscape is the drive towards attaining sustainability in manufacturing of aircraft tires.

Surging adoption of high performance material such as Kevlar is a notable development in this regard, with key players emphasizing on attributes including sustainably sourced raw material to manufacture their products.

For instance, Bridgestone Corporation are using Kevlar in the manufacturing of its narrowbody military aircrafts, while another leading player Goodyear Tire and Rubber Company is conducting R&D activities to incorporate new innovation in the manufacturing of its bias ply aircraft tires.

Key Takeaways from FMI’s Aircraft Tire Market Study

  • In terms of ply type, bias ply aircraft tires are expected to remain dominant
  • Narrowbody aircraft tires are expected to witness higher growth backed by the high production of military aircrafts
  • Demand for aircraft tires to witness high growth across aftermarket segment
  • The U.S. is expected to be the most lucrative market across North America
  • China is anticipated to lead the Asia Pacific aircraft tire market, registering impressive growth through 2031
  • Germany and the U.K. are expected to lead Europe’s aircraft tire market over the forecast period

“Advanced technology and increasing investment in the research & development activities for developing fuel efficient and light weight aircraft is improving the demand of aircraft tires, creating impressive growth opportunities for key players,” says the FMI analyst. 

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Who is Winning?

Fierce competition within the market have led the key players to adopt numerous organic and inorganic strategies to maintain the lead. Product expansion, technological innovations, research & development activities, targeted mergers & acquisition are few of the strategies manufacturers rely upon among others.

Goodyear Tire & Rubber Company, one of the world’s largest tire company, in October 2020 announced KADEX Aero Supply as its aviation distributor, a Canadian aviation parts distributor company. Though this partnership, Goodyear aims to expand its footprints in Canada.

Dunlop Aircraft Tyres Limited (DATL), another prominent player, recently invested US4invested US$ 70.92 million in an aircraft tyre retreading factory in Karawang, West Java, Indonesia. Also, DATL has announced to start up a new aircraft tyre production plant in the same location to expand their customer base.

Some of the leading aircraft tire companies profiled by FMI include Bridgestone Corporation, Goodyear Tire & Rubber Company, Compagnie Générale des Établissements Michelin, Dunlop Aircraft Tyres Limited, and Polymer Enterprises Inc. among others.

Key Segments Covered

Aircraft Type

  • Small Widebody Aircraft
  • Medium/ Large Widebody Aircraft
  • Narrowbody Aircraft
  • Propeller Aircraft
  • Helicopter
  • Defense and Homeland Security Aircraft
  • Freighters

Ply Type

  • Bias Ply
  • Radial Ply

Sales Channel

  • OEM
  • Aftermarket

Region

  • North America (US and Canada)
  • Latin America (Brazil, Mexico and Rest of Latin America)
  • Europe (Germany, France, Spain, UK, Italy, Nordics, BENELUX, Russia and Rest of Europe)
  • Asia Pacific (India, Malaysia, China, Japan, Australia, Thailand and South Korea and Rest of APAC)
  • Middle East & Africa (GCC, South Africa, Turkey and Rest of MEA)

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Key Points Covered in Aircraft Tire Market

  • 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 Aircraft Tire Market and How to Navigate
  • Recommendation on Key Winning Strategies

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Automotive Pump Market : The automotive pump market is expected to witness a significant growth in 2021, thanks to the implementation of various carbon emission norms across various countries. A study by Future Market Insights (FMI) on automotive pump market has forecast it to reach US$ 106.0 Mn by the end of 2031, growing at a CAGR of 6.1% over the forecast years (2021-2031).

Aircraft Cabin Interior Market : According to Future Market Insight’s (FMI), the global aircraft cabin interior market is forecast to grow at 2.70% in 2021, overcoming the uncertainty about market recovery and performance during a global pandemic. FMI also predicts that the aircraft cabin interior market will exceed the overall market valuation of US$ 14.5 Bn by the end of 2021.

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Future Market Insights
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United Arab Emirates
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MENA Commercial Vehicles (Trucks) Market is projected to expand at 3.4% CAGR between 2022 and 2027, reach US$ 6.57 Mn by the end of 2022

A new report published by Future Market Insights titled ‘Commercial Vehicles (Trucks) Market: Middle East & North Africa (MENA) Industry Analysis 2012 – 2021 and Opportunity Assessment 2022-2027’ studies the performance of MENA commercial vehicles (trucks) market over a 10 year assessment period from 2012 to 2027.

The report presents the value and volume forecasts of the MENA commercial vehicles (trucks) market and provides key insights into the factors driving market growth as well as the factors restricting the market growth.

The estimates point to a revenue growth from nearly US$ 5,250 Mn in 2021 to nearly US$ 8,500 Mn by 2027 end, resulting in a CAGR of 5.0% during the period of assessment. In terms of volume, the MENA commercial vehicles (trucks) market was pegged at 152,191 units in the year 2021 and is poised to reach a figure of 212,232 units in 2027, and display a CAGR of 3.4% in the forecast period.

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Rapid development and growth of oil and gas industry in the rest of Middle East region to boost market revenue growth

Commercial vehicles are commonly used as a medium of transport for different types of end use industries and they are helping in tasks such as unloading, loading and transportation of goods. The construction industry is exhibiting a fast growth due to the vast number of projects in the pipeline in each country of the Middle East and this also has connection with the plans of the countries in the Middle Eastern region to diversify their economies.

These developments are also related to the large scale international events that are going to be held in this region such as World Expo 2020 to be held in Dubai and the FIFA World Cup 2022 to be held in Qatar.

The construction industry in Iran was estimated to be valued at US$ 154.4 billion in 2016 from US$ 88 billion in the year 2013 and due to this upward growth, the market for heavy trucks is likely to boost in this country. Also, due to the rising urbanization, the construction industry is experiencing rapid growth in rest of the countries in the Middle East which is further expected to boost the demand for commercial vehicles in building and construction activities in the region.

Iran is also one of the biggest markets for trucks in the MENA region, and with the economic sanctions lifted up from Iran, it is experiencing a huge growth in its economy and is likely to be one of the prominent markets for heavy duty commercial vehicles.

On the other hand, other countries in the region like UAE and Oman are also becoming attractive markets for commercial vehicles due to their vast use in end-use industries such as the petrochemical industries, and this is expected to boost the overall demand for trucks in the Middle East region.

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MENA Commercial Vehicles (Trucks) Market: Segmentation and Forecast

The MENA commercial vehicles (trucks) market is segmented on the basis of class type and region. On the basis of class type, the market is segmented into light duty, medium duty and heavy duty. On regional basis, the market is segmented into Middle East (Saudi Arabia, Turkey, Rest of Middle East) and North Africa.

  • The heavy duty segment was estimated to be valued at nearly US$ 3,200 Mn in 2021 and is likely to reach a valuation of nearly US$ 5,300 Mn in 2027 and in the process exhibit a CAGR of 5.1%.
  • The medium duty segment was estimated to be valued at nearly US$ 1,850 Mn in 2021 and is anticipated to reach a valuation of nearly US$ 3,000 Mn in 2027 and exhibit a CAGR of 4.8%.

MENA Commercial Vehicles (Trucks) Market: Regional Forecast

  • The commercial vehicles (trucks) market in Saudi Arabia was estimated to be valued at nearly US$ 560 Mn in 2021 and is likely to reach a valuation of nearly US$ 900 Mn in the year 2027 and exhibit a CAGR of 4.6% during the assessment period.
  • The commercial vehicles (trucks) market in Turkey was estimated to be valued at nearly US$ 1,350 Mn in 2021 and is anticipated to reach a valuation of nearly US$ 2,150 Mn in 2027 and exhibit a CAGR of 5% during the period of forecast.

Market Taxonomy

Class Type

  • Light Duty
    • Unto 2.5 T
    • 2.5 T – 4.5 T
    • 4.5 T – 6.5 T
  • Medium Duty
    • 6.5 T – 7.5 T
    • 7.5 T – 9 T
    • 9 T – 12 T
  • Heavy Duty
    • 2 T – 15 T
    • 15 T & Above

Region

  • Middle East
    • Saudi Arabia
    • Turkey
    • Rest of Middle East
  • North Africa

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MENA Commercial Vehicles (Trucks) Market: Vendor Insights

This report includes some of the key players functioning in the MENA commercial vehicles (trucks) market such as Daimler AG, AB Volvo, Scania AB, Paccar Inc., MAN SE, Navistar International Corp., Hino Motors, Ltd., Isuzu Motors Ltd., Dongfeng Motor Corporation, FAW Group Corporation, Toyota Motor Corporation, Ford Motor Company, Nissan Motor Company Limited, General Motor Company and Volkswagen AG. Manufacturers are using advanced telematics systems and financing options to lure customers.

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