Market Research Blog – Page 13340 – New Product Development

Nitrogen Gas Springs Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2029

Nitrogen gas springs are the tools which are used in place of metal springs, or in specific applications such as to control vibrations, to control motion, as well as for safety purposes. Nitrogen gas springs are also used in custom machines, metal stamping dies, and injection molds. Nitrogen gas springs can be used for the higher force requirement which a conventional compression springs cannot meet. Nitrogen gas springs reduces the occupied volume compared to that of conventional compression springs.

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One of the major advantages of nitrogen gas spring is that its force can be adjusted which makes it useful for different applications. Nitrogen gas spring is repairable and hence can be reused. The aforementioned advantages of nitrogen gas spring are being favored by industrial machine manufacturers thus increasing the demand of nitrogen gas spring in the target applications. The major end use industry sectors which find significant application of nitrogen gas springs include automotive, aerospace, furniture, press tooling, and other industrial.

Market Dynamics of Nitrogen Gas Springs Market

Increasing scope of application coupled with demand from end use industry for use of nitrogen gas springs

Globally, the OEM enterprises have grown at a significant rate, moreover adoption of new technologies for the manufacturing various equipment and parts including nitrogen gas springs has been a key factor for the market growth. Additionally, increasing demand for automotive and aerospace is pushing the demand for nitrogen gas springs from these industries. New developments in the tooling and machining industry is bolstering the demand growth for advanced nitrogen gas springs. With improved performance and less space occupancy by nitrogen gas springs, conventional compression springs are being replaced in various applications.

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High price of the nitrogen gas springs as compared to that of conventional mechanic compression springs

Nitrogen gas springs are expensive as compared to that of conventional springs, due to its compact and safe design. It has been a challenging task for the market players to reduce the manufacturing cost of nitrogen gas springs to penetrate into the conventional spring market. Due to use of a compressed gas nitrogen gas springs needs to be designed and manufactured under certain standards, the safety guidelines needs to be followed which makes the manufacturing of nitrogen gas springs costlier than those of conventional springs. The higher price of nitrogen gas springs may impact its robust market growth to an extent.

Nitrogen Gas Springs Market Trends: Innovation, Research and New Product Developments

Research and development is underway to make compact, safe, and improved designs of nitrogen gas springs. Innovation focus by manufacturers is also on reducing price of the nitrogen gas springs. New product developments is the leading trend observed in the nitrogen spring market. Customization in products with changing requirement of the users is being adapted by the manufacturers of the nitrogen gas springs to sustain in the increasing competition from large players in the market.

Nitrogen Gas Springs Market: Regional Outlook

Large industrial base and increasing industrial output in Asian region makes it a leading region in terms of overall market share in nitrogen gas spring market. High industrial growth in emerging countries in Asia Pacific is pushing the demand for advanced tools, which is expected to drive the demand for nitrogen gas spring during the future years. North America follows Asia pacific in terms of demand for nitrogen gas springs.

Advanced manufacturing technologies in North American industry can be attributed for the significant market share in this region. However, upcoming trade wars on the global platform may impact the potential growth of the market in the coming years. European nitrogen springs markets holds its position after North America, in terms of demand for nitrogen gas springs. Recovering economy in Europe is showing positive signs for the growth of the nitrogen gas spring market. Middle Eastern countries are moving towards the diversification of the economy, which is creating large number of opportunities for industrial products and tools market. This is expected to support the growth of the nitrogen gas spring market in the region. Latin America holds a smaller share in the global nitrogen gas spring market, and has a significant growth potential depending on the international cooperation in trade and technology transfer.

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Global Nitrogen Gas Springs Market Participants

Some of the market participants identified across the value chain of global Nitrogen gas springs market are:

KALLER
Raymond
HYSON
Tipco Punch Inc
DME
Berger Tools Limited
Metrol Springs
VAPSINT S.R.L.
DADCO
BROAD WORLD PRECISION INDUSTRY CO., LTD.
Champion Tools
BIBUS INDIA Pvt. Ltd.
TÉCNICAS APLICADAS DE PRESIÓN, S.L.
ACE Controls Inc.

The global market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The global market research report provides analysis and information according to market segments such as geographies, application and industry.

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Trailer Assist System Market Emerging Growth Analysis, Future Demand and Business Opportunities 2029

The system that makes it easier for a vehicle to move in reverse direction in a precisely straight line is defined as trailer assist system. With the help of trailer assist system, the drivers do not require to rethink the circumstances when reversing with the trailer. Moving the trailer to the right and steering wheel to the left is not required with trailer assist system. To reverse with a trailer assist system, the reverse gear has to be selected by the driver and the button has to be pressed to activate the system. The steering angle can be seen on the cluster of the instrument.

The intended direction can be set by using the mirror adjustment switch which functions like a joystick and helps the driver only to operate with the brakes and accelerator as the steering commands are received by the vehicle which is given by the trailer assist system. This helps to automatically move the trailer in the required direction.

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Trailer Assist System Market: Dynamics

The demand for comfort and safety has always been a prime inclination in vehicles and its manufacturing. Accidents are increasing due to inefficiency of the drivers while parking a vehicle. To minimize these errors by the drivers and to mitigate the risk to prevent accidents will lead the market for trailer assist system.

Depending on the different functioning of the vehicles, trailer assist system has different functioning from passenger cars to LCVs and HCVs. Therefore, it will lead the manufacturers to manufacture more efficient trailer assist system which will drive the market during the forecast period.

Trailer Assist System Market: Market Participants

Examples of few of the key market participants in the global trailer assist system market, identified across the value chain include:

Continental AG
Robert Bosch GmbH
Magna International
WABCO
Westfalia
Valeo
Garmin
Dornerworks
Carit Automotive
Towgo
Echomaster
Cogent Embedded

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The trailer assist system market report covers exhaustive analysis on:

Trailer Assist System Market Segments
Trailer Assist System Market Dynamics
Trailer Assist System Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved
Trailer Assist System Technology
Trailer Assist System Value Chain

Regional analysis of trailer assist system market includes:

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

Trailer Assist System Market: Segmentation

The trailer assist system market can be segmented by vehicle type, technology, component, and sales channel.

By vehicle type, the trailer assist system market can be segmented as:

Passenger Cars
Compact Cars
Mid-size Cars
SUV
Luxury Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Trucks and Trailers
Buses and Coaches
Electric Vehicles
Battery Electric Vehicles
Hybrid Electric Vehicles
Plug-in Hybrid Electric Vehicles

By technology, the trailer assist system market can be segmented as:

Semi-Autonomous
Autonomous

By component, the trailer assist system market can be segmented as:

Camera/Sensor
Software Module

By sales channel, the trailer assist system market can be segmented as:

OEM (Original Equipment Manufacturer)
Aftermarket

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Report highlights:

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

Automotive Drawer Slides Market Challenges, Drivers, Outlook, Growth Opportunities – Analysis to 2029

This Automotive Drawer Slides market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Automotive Drawer Slides market.

An automotive drawer slides can be well-defined as a term given to the product that is fixed to the side of the drawer and the carcass of the drawer unit in the automotive vehicles. Drawers are extensively used for storing or placing things easily in automotive vehicles. The automotive drawer slides act as a structure that act as a support for light load weight to high load weights.

Automotive drawer slides makes it easier and the movement smoother to move or load the weights with silenced operation. Automotive drawer slides are manufactured depending on the length, load requirement, extension one need for the load.

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Automotive Drawer Slides Market: Regional Outlook

Owing to the increasing demand of smoother movement in the operations automotive drawer slides is projected to witness efficient growth during the forecast period globally. On an account of matured economy and entrance of significant manufacturers, Europe and North America region with high potential for spending on the inventive growth for the vehicle customization is projected to rise as the growing region over the next few years.

The changing demographics and the rise in the disposable income in the region is also one of the protruding factor which is driving the demand for more automotive vehicles which will lead to the demand for automotive drawer slides.

China, India and Brazil to play a significant role which will lead to the expansion of the automotive drawer slides market. Growing economies like India, China where the increase in the sales and efficiency of the vehicles is witnessed will play a vital role in driving the market for automotive drawer slides in the near future.

Automotive Drawer Slides Market: Market Participants

Few examples of the key market participants in the global automotive drawer slides market, recognized across the value chain are:

ACCURIDE INTERNATIONAL INC
JET PRESS Limited
Jonathan Engineered Solutions
Tiger Sliding
Monroe
Fulterer
Rockler Companies, Inc.
Inter IKEA Systems B.V.
King Slide Works Co. Ltd.
Knape & Vogt Manufacturing Company

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Regional analysis includes:

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

Automotive Drawer Slides Market: Segmentation

The automotive drawer slides market can be segmented by application, weight, design, material, and sales channel.

By application, the segment for automotive drawer slides market can be stated as:

Utility Trucks
Fire Trucks
Ambulance
Armored Security Vehicles (ASV)
Homeland Security Vehicles
Other Vehicles

By weight, the segment for automotive drawer slides market can be stated as:

Light Duty
Medium Duty
Heavy Duty

By design, the segment for automotive drawer slides market can be stated as:

Lock-out
Lock-in
Pocket and bayonet mounting

By material, the segment for automotive drawer slides market can be stated as:

Aluminum
Steel
Stainless Steel

By sales channel, the segment for automotive drawer slides market can be stated as:

OEM (Original Equipment Manufacturer)
Aftermarket

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Report Highlights:

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

Weigh in Motion System Market Key Manufacturers, Development Trends and Competitive Analysis 2029

The Weigh in Motion system is a set of software and devices which is used for measurement and recording the weight of moving vehicles. Road traffic administrations, bridge designers, control agencies, research organizations can obtain gross weight information and reliable axle weight information from moving vehicles using a Weigh in Motion System. The primary application of Weigh In Motion system is for determining vehicle characteristics such as gross vehicle weight (GVW), speed, axle weight, axle spacing. It helps in improving roadway safety, reducing accident risk and preventing road surface damages. The Weigh in Motion system is also used for weight-based toll collection. Due to increasing commercial transportation requirements, the demand for Weigh in Motion system is expected to escalate in the forecast period.

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Weigh In Motion system Market: Dynamics

The benefits of Weigh in Motion system include providing road safety, road management, overload vehicles detection, cost reduction, traffic monitoring and analysis. Weigh in Motion system enables the local authorities and transportation departments to plan systematically by ensuring that the roads are kept safe with continuous monitoring, recording, and law enforcing techniques. Weigh in Motion system have applications in rail transport also. Some of those applications are imbalance and overloading monitoring and, management, maintenance planning, legislation and regulation, etc. These are the factors projected to drive the growth in weigh on motion system market.

Weigh in Motion system Market: Regional Outlook

North America is projected to account for the largest share in global Weigh in Motion system market, followed by Europe. The U.S. and Canada are major markets for Weigh in Motion system in North America. The growth in this region is attributed to increase in adoption of Weigh in Motion system along with rise in adoption of advanced technology. Europe is anticipated to have prominent share in the global weigh in motion market in the forecast period owing to the increased freight transport and free movement of goods between the European countries.

Weigh In Motion system Market: Key Participants

Kapsch TrafficCom AG
Q-Free
METTLER TOLEDO
Avery Weigh-Tronix
TE Connectivity
International Road Dynamics
Kistler
Transcore Reno A&E
Axis Communications
EFKON
International Road Dynamics Inc
SWARCO AG
FLIR Systems
Raytheon Company
Sensys Networks, Inc
LeddarTech Inc.
Cross Zlin
SICK AG

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Regional analysis includes:

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

Weigh In Motion system Market: Segmentation

The global Weigh in Motion system market can be segmented on the basis of system type, mounting, component type, application.

By Component

Hardware
Sensor Array
Control & Measurement Systems
Processing & Reporting Systems
Support Devices & Infrastructure
Software

By Technology

Load Cell
Strain Gauge Strip
Bending Plate
Piezoelectric Sensor
Other

By Installation

Weigh Bridge System
Onboard System
Pavement/In-Road System

By End User

Roadways
Railways
Ports & Logistic Hubs
Process Industries
Aviation

By Application Speed

Low Speed (<15 km/hr)
High Speed (>15 km/hr)

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Report Highlights:

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

About Future Market Insights (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, and has delivery centers in the UK, 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.

Automotive Wheel Bearing Aftermarket is expected to rise at ~3.4% CAGR during the forecast period 2020 to 2030

The automotive wheel bearing aftermarket is growing steadily with the rise in production of higher load carrying commercial vehicles, high performance vehicles, and others. Maintenance of wheel bearings is important to maintain smooth wheel functioning and free rotation of the wheel hub. This is creating increasing demand for automotive wheel bearing aftermarket services.

A new study by Future Market Insights (FMI) states that the global automotive wheel bearing aftermarket is expected to rise at ~3.4% CAGR during the forecast period from the year 2020 to 2030.

Due to the rise in industrialization and economic growth, the demand for automotive wheel bearings is rising. In order to meet necessities of customers, market players are focusing on developing hybrid bearings with improved stiffness and load capacity. With researches underway to improve overall functionality, the demand in automotive wheel bearing aftermarket is expected to surge in the coming years.

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Despite facing hindrances caused by COVID-19 pandemic, the global automotive wheel bearing aftermarket is set to witness impressive growth during the forecast period.

FMI offers an exhaustive overview of the automotive wheel bearing aftermarket, its potential, growth drivers and restraints.

Some of the key takeaways from the report are highlighted below-

Independent aftermarket have emerged as preferred sales channels
The rising sales of passenger vehicles are fuelling demand for automotive wheel bearing aftermarket
The demand for tapered roller bearing is expected to rise at a higher pace among products available in the market
Application of automotive wheel bearings in rear will continue accounting for the maximum sales in the market
East Asia automotive wheel bearing aftermarket will remain dominant through the forecast period

“The increase in sales of passenger cars and two wheelers is expected to drive the global automotive wheel bearing aftermarket. Furthermore, the usage of advanced technologies and materials in automotive manufacturing has increased the average operational age of vehicles significantly which in turn is catering to the growth of automotive wheel bearing aftermarket,” says an FMI analyst.

COVID-19 Impact Analysis

The market has been severely affected by the outbreak of COVID-19 pandemic. The decrease in demand for automotive wheel bearings coupled with the decline in growth of automotive industry has hampered the growth of the aftermarket.

Factors such as shutting down of manufacturing units, disruptions in transport and sales channels, scarcity of raw materials, and others have resulted in the declining growth of automotive wheel bearing aftermarket.

With the commencement of vaccination, the automotive wheel bearing aftermarket is anticipated to recover by the end of the year 2021 or beginning of 2022.

Who is Winning

With competition getting fiercer, market players are focussing on launching of extensive range of products with improved flexibility and load carriage capacity.

For instance, NSK Ltd. Has launched their new hub unit bearings with integral sensor located between the rows with a very small air gap in the recent year. They have also launched hub unit bearings with angular passive sensor with integral high-output sensor in the current year.

NRB Bearings Ltd. has launched their exclusive needle roller bearing with high load capacity and flexibility in the current year.

Some of the leading companies operating in the market are NTN Bearing, The Timken Company, Continental Group, AB SKF, NSK Ltd, Schaeffler AG, JTEKT Corp, among others.

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Key Segments

Sales Channel

Original Equipment Supplier
Independent Aftermarket

Vehicle Type

Passenger Car
- Compact
- Mid Sized
- SUV
- Luxury
Light Commercial Vehicle
Heavy Commercial Vehicle

Product Type

Ball Bearing
Precision Ball Bearing
Roller Bearing
Tapered Roller Bearing
Others

Application

Front
Rear

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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.

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.

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Automotive Glass Market Expanding at a steady 4% CAGR, the market valuation is projected to reach US$ 5.2 Bn in 2030

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.

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

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

Market Overview

2.1. Market Taxonomy

2.2. Market Definition

Key Market Trends

3.1. Key Trends Impacting the Market

Key Success Factors
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

Global Automotive Glass Market – Pricing Analysis

6.1. Regional Pricing Analysis By Application

Key Questions Answered by the Report

Which is the largest market for automotive glass?

East Asia is the largest market for automotive glass. Growth in the electric vehicles segment is a key driver

What are the applications of automotive glass?

Automotive glass is largely used for visibility for drivers and passengers in vehicles, in compliance with automotive safety standards imposed around the world. Also, automotive glass is also finding new use with the development of HUD technologies.

In what types are automotive glass available?

Automotive glass is available in two types. These include laminated glass and tempered glass. Of these, tempered automotive glass witnesses higher demand, accounting for over 65% of the overall market share through 2030.

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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 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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Report: https://www.futuremarketinsights.com/reports/automotive-glass-market
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Bicycle Chain Market is anticipated to boost sales at a 4.9% CAGR, pushing the market size to US$ 1.4 Bn in 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 4.6% between 2020 and 2030.

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 2030.

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 2019. 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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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.

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Automotive Exterior Trim Parts Market Rising at a steady CAGR of 4.7% (2022-2030)

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$ 30.3 Bn by the end of the year 2030.

Rising at a steady CAGR of 4.7% (2022-2030), the global automotive exterior trim parts market, which accounts for a net worth of US$ 21.03 Bn at present, is estimated to surge to a valuation of US$ 30.34 Bn by the end of 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 4.6% through 2030
Sales in top 3 countries collectively accounted for nearly 46% of overall market in 2019
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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Advanced Driver Assistance System (ADAS) Testing Equipment Market : As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global ADAS testing equipment market reached US$ 222,486 Thousand in 2021.

Electric Bike Market : FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027).

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Aircraft Tube and Duct Assemblies Market is projected to expand at a CAGR of 4% during the forecast period of 2019-2029

Passenger traffic in the aircraft industry continues to register growth rates above historical averages, supported by the reduced price of travel and increasing middle-class population in developing markets. This rise is playing a crucial role in driving the growth of the global aircraft tube and duct assemblies market.

The global aircraft tube and duct assemblies market is projected to expand at a CAGR of 4% during the forecast period of 2019-2029.

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Key Takeaways of Aircraft Tube and Duct Assemblies Market Study

Aerospace industry is increasing the usage of aluminum in aircraft tube and duct assemblies, as aluminum is a lightweight and high-strength material. In the global aircraft tube and duct assemblies market, aluminum holds approximately one-third market share.
Tier-I manufacturers operating in the global aircraft tube and duct assemblies market are Eaton, Exotic Metals Forming, Leggett & Platt, Incorporated, and PFW Aerospace GmbH. On the other hand, AMETEK. Inc., Smiths Group PLC, Sigma Precision Components Ltd., and some other players are estimated to stand in the tier-II bracket in the global aircraft tube and duct assemblies market.
Key players are focusing on the expansion of their footprints by establishing manufacturing units and distribution channels in various regions.
Global defense spending is at a high record. The biggest spenders on defense are the U.S., China, France, Saudi Arabia, and India. Implementation of advanced, combat, and stealth-based aircraft procurement programs has augmented military spending, worldwide. This growing trend is expected to upsurge the demand for aircraft tube and duct assemblies.
Development of lightweight materials and increasing sales of aircraft are anticipated to drive the growth of the market over the forecast period.

“Original equipment manufacturers (OEMs) are projected to hold more than 90% share in the global market, as the replacement of tube and duct assemblies is found to be very limited.”

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AIRCRAFT TUBE AND DUCT ASSEMBLIES MARKET TAXONOMY

Application

Engine Bleeds
Thermal Anti-ice
Pylon Ducting (HVAC) Enamel
Fuselages
Inlets/Exhausts
Environment Control Systems (ECS)
Lavatories
Waste Systems

Aircraft Type

Commercial Aircraft
- Narrow Body Aircraft
- Wide Body Aircraft
- Regional Jets
- Freighters
Military Aircraft

Material

Steel
Nickel
Titanium
Aluminum
Composite
Inconel

Sales Channel

OEMs
Aftermarket

Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

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Market Landscape Moving towards Consolidation

The aircraft tube and duct assemblies market is expected to be dominated by tier-I manufacturers, who hold more than 50% share of the global market. Prominent players involved in the global aircraft tube and duct assemblies market are shifting their focus on repair solutions rather than replacement products with full-service. This has resulted in providing approximately 50 percent or more cost reduction.

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Golf Cart Market : Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the COVID-19 outbreak hampered sales to an extent, the market is likely to recover 2021 onwards.

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Motorcycle Lead Acid Battery Market is projected expand at a CAGR of 5.6% during the forecast period of 2019-2027

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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Automotive Interior Leather Market : Globalization of the automobile industry and rising demand for automotive interior customization are expected to remain chief driving factors of the global automotive interior leather market. According to Future Market Insights (FMI), the global automotive interior leather market is estimated to be valued at ~US$ 29.9 Bn in 2021.

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