Aircraft Galley Inserts Market Key Manufacturers, Development Trends and Competitive Analysis 2028

The global aviation industry is witnessing a transition owing to the increasing passenger traffic across the globe. With this what comes along is the need for better passenger catering services accompanied by elegant aircraft interiors. This is expected to be one of the prime reasons which will certainly drive the growth of aircraft galley inserts market in the coming years. Aircraft Galley inserts are basically the cooking appliances which are used for the cooking purpose for the flight passengers.

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Moreover, Aircraft Galley inserts generally includes appliances such as water chillers, refrigerator, microwave, coffee maker, convection oven among others. The type of Aircraft galley inserts usually depends upon the type of aircraft, type of galleys and the specific requirement of the customers. Manufacturers of the galley inserts specifically used for aviation purpose usually focus on designing and manufacturing the equipment in such a way that they can be easily used for retrofit aircraft interiors.

Usually the aircraft galley inserts being supplied adhere to the ATLAS and ARINC standards. Increasing preference towards refurbishment of the old aircrafts to improve the aircraft interiors so as to reduce the investment is expected to create opportunities for augmentation of the aircraft galley inserts market in the near future.

Aircraft Galley Inserts Market: Dynamics

Growing air travel coupled with affordable air tickets is one of the prime reasons which is expected to ramp up the aircraft galley inserts market. As the passenger traffic increases the demand of improved catering services is on a high. Owing to this the demand of aircraft galley inserts such as microwave, water systems is expected to increase considerably in the coming years. Moreover, the galley inserts manufacturers are focusing on increasing their investment in research and development of lightweight and reliable galley inserts in order to cater to the demand from the aviation industry. This is expected to further supplement the growth of the market over the assessment period. Furthermore, shifting trend towards refurbishment of aircraft would further ramp up the market in the coming years.

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Increasing demand of innovative aircraft interiors coupled with introduction of energy efficient galley equipment is expected to set up the table for significant growth of the aircraft galley inserts market in the near future. The demand of lightweight galley inserts is on a high. Owing to this the manufacturers are focusing on designing the equipment in such a way that they adhere to the space and weight constraints. Moreover, the number of long-haul flights have increased significantly in the recent years. This trend is expected to continue in the coming years. Owing to this the galley inserts market is expected to further augment over the forecast period.

However, in few regions across the globe the rise in taxes will have a direct impact on the growth of the market. With increase in the cost of the tickets the passenger traffic will reduces also hampering the investment in the research and development of advanced galley inserts. Presence of number of tier two and tier three players in the market hamper the investments in the development of galley inserts which may somehow derail the growth of aircraft galley inserts market in the near future.

Aircraft Galley Inserts Market: Regional Outlook

Asia Pacific region is expected to witness significant growth opportunities in the coming years, this can be attributed to the increasing passenger fleet in the region. Adding to it, the government of many developing countries of the Asia Pacific region are focusing on the strengthening their naval forces. Owing to this the demand of the aircraft galley inserts is expected to augment in the coming years. Moreover, prominent manufactures of the North America and Europe region are also focusing on introducing technologically advanced galley inserts in the market. This is expected to further open new horizons for the augmentation of the market in the coming years.

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Aircraft Galley Inserts Market: Key Participants

  • Zodiac Aerosystems
  • Rockwell Collins, Inc.
  • JAMCO Corporation
  • Air Cabin Engineering, Inc.
  • Jeitek
  • Loipart AB
  • Kang Li Far East Pte Ltd.
  • Aerolux Ltd
  • Aluminox S.A.
  • Hannams Pty Ltd
  • Dynamo Aviation Inc.
  • Sell GmbH

The 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 research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

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

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

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Machine Condition Monitoring Market is expected witness a CAGR of 5% between forecast period of 2020-2030

The global machine condition monitoring market is expected witness a CAGR of 5% between the forecast period of 2020-2030. Growing need to reduce the maintenance cost and unexpected downtime have fuelled the growth of global machine condition monitoring market.

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Demand for Longer Life of Machine Parts to Sustain Growth for Market

Machine conditioning essentially determines the health of a machinery, monitors, and offers predictive maintenance ideas to avert failures. It plays a crucial role in diagnosing a troubling noise, vibration, and temperature measurements in a machine that have the potential of wreaking havoc. Machine conditioning is predominantly used in industries such as oil and gas, manufacturing, petroleum, aerospace and defense, automotive, and marine amongst others. The crucial nature of these industries is expected to ensure that the market for machine condition monitoring has a healthy growth rate.

Machine condition monitoring techniques are used in rotating equipment, pumps, electric motors, internal combustion engines, and presses to garner predictive maintenance insights. Development for advanced machine condition monitoring solutions that facilitate scheduled maintenance are expected to create viable opportunities. Low-cost advanced machine condition monitoring, direct communication processes, and rapid processing functions are opening new doors to the growth of machine condition monitoring market. Machine reliability by effective prediction of their failures, maximizing part life by proper scheduling of maintenance programs, achieving reduction in frequency of failures, reducing severity of machine downtime, and ensuring safety of equipment and staff will also prove to be solid foundations for the players in the market.

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Oil and Gas Industry to Remain Key Consumer to Keep Operations Uninterrupted

The oil and gas industry is expected to be the key user of machine conditioning monitoring solutions in the coming years. Growing pressure on onshore and offshore oil exploration and shale gas activities are expected to keep this segment in the lead. The petroleum segment too is projected to have a positive impact on the overall market. However, fluctuations in oil prices due to political instability and pandemic are expected to create a negative impact. The other end-use industries of machine condition monitoring are marine, aerospace, defense, mining and metal, power generation, and automotive.

Manufacturing Industry in Asia Pacific to Give Machine Condition Monitoring Market New Opportunities

The report states that the market growth in developed economies for these systems is expected between 7%-10% whereas in developing regions the growth may even exceed 12% during coming decade. On the basis of region, North America is estimated to be the fastest-growing market for machine condition monitoring due to higher expenditure made by existing companies on efficient maintenance. On the other hand, Asia Pacific and Latin America are expected to be the growth engines of machine condition market in the near future with each region upping the production and manufacturing capacities. The remaining regions are expected to grow at a steady rate over the forecast period.

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Global Machine Condition Monitoring Market: Key Players

Some of the key players operating in the global machine condition monitoring market are National Instruments, Parker Kittiwake, Rockwell Automation, Bruel & Kjaer Vibro GmbH, Emerson Process Management, Fluke Corp, Honeywell Process Solution, among many others.

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.

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Needle-Free Injectors Market surging at 11.4% CAGR during the forecast period (2022-2031).

[250 pages] Global Needle-Free Injectors Market is projected to surge at an impressive rate of 11.9%CAGR between 2021 and 2031, totaling US$ 12.3 Bn in 2021. As per Future Market Insights (FMI), the liquid injections segment will remain most preferred in terms of load, accounting for over 88.4% of sales in the market in 2021.

According to a latest study by Future Market Insights (FMI), global needle-free injectors’ sales are expected to reach US$ 12.3 Bn in 2021, surging at 11.4% CAGR during the forecast period (2021-2031).

Needle-free injection is an innovative drug delivery technology that drives drugs to the skin using force which virtually nullifies the use of hypodermic needle. With growing preference for non-invasive drug delivery system and vaccines, adoption of needle-free injectors is expected to improve over the coming years

Application of needle-free injectors is increasing with rising incidence of diabetes and other chronic diseases across the globe. With increasing number of surgeries, demand for minimally invasive procedures is accelerating the sales of needle-free injectors.

According to Centers for Disease Control and Prevention (CDC), more than 51% of adults in U.S. had at least 1 chronic condition, and 27.2% had multiple chronic conditions in 2018.

Other factors driving the global demand are cost-effectiveness and safety related to needle-free injectors.

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Key Takeaways from Needle-free Injectors Market study:

  • By load type, liquid injections segment will hold around 88.0% of value share globally.
  • Based on the technology, spring-loaded jet injector is dominating the market, with over 48.0% of the market share.
  • Based on the delivery site, intra dermal injector is expected to hold over 33% of the market share.
  • Application of drug delivery will spur the sales of needle-free injectors, with the segment accounting for 65% of the market share.
  • Based on the usage, reusable needle free injectors are highly sought-after, contributing over 78% of the market revenue.
  • Hospitals are expected to be the primary end-users, holding a market share of 28% during the forecast period.
  • By region, North America will dominate the global needle-free injectors market, holding 42% of total market share.
  • Europe is expected to be the second-largest market, with Germany spearheading the market growth .
  • India will emerge as the most lucrative market across South Asia, accounting for nearly 50% of market share in 2021.
  • China will hold leading position in East Asia and is expected to account for nearly 46% of market share.

needle free injectors market characteristics and attributes with regional relevance 2021

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Needle-free injectors Market by Category

By Load:

  • Liquid Injections
  • Powder Injections
  • Projectile Injections

By Technology:

  • Spring-loaded jet injector
  • Battery-powered jet injector
  • Gas-powered jet injector

By Delivery Site:

  • Intra dermal injectors
  • Intramuscular injectors
  • Subcutaneous injectors

By Application:

  • Drug Delivery
  • Vaccines
  • Cosmetic
  • Others

By End User:

  • Home Care Settings
  • Long Term Care Centers

By Region:

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

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Global Automotive Exhaust Manifold Market is anticipated to witness a considerable CAGR of 3.7% during the period of 2022 and 2026

With a key focus on the development of new technologies, in line with stringent government regulations aimed at emission control, the demand for efficient automotive exhaust manifold systems is estimated to grow at a rather modest rate, in 2019, as indicated by Future Market Insights (FMI) in a recently published market intelligence report. As per the analysis, the global sales of automotive exhaust manifold systems is estimated to be valued at US$ 8.6 Billion, by the end of 2019, representing an annual growth rate of approximately 3.5 percent, during the said period.

[280 Pages] Future Market Insights (FMI) has forecasted the global automotive exhaust manifold market to grow with a year on year growth of 3.8% in 2022 reaching a value of about US$ 9.7 Bn by 2022 end. The exhaust manifold is an important part of automotive exhaust systems as it keeps hazardous exhaust fumes out of the vehicle and away from the occupants. The global market is anticipated to witness a considerable CAGR of 3.7% during the period of 2022 and 2026.

Apart from comprehensively studying the key dynamics shaping the growth trajectory of the global automotive exhaust manifold market, FMI study also offers in-depth segmental analysis, under several categories including material, product, engine, vehicles, fuel, and sales channel.

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Demand for clean and efficient transportation is increasing, given the environmental concerns, stringent regulations regarding carbon emissions and footprint reduction initiatives taken by several governments, globally, will predominantly drive the sales of automotive exhaust manifold systems, in the coming years, predicts FMI.

Material Advancements for Strong, Durable Automotive Exhaust Manifold Systems

Top companies operating on the global automotive exhaust manifold systems market are increasingly developing efficient, durable, and long-lasting exhaust systems for a better load bearing capacity of the engines. Advancements in science technologies (for materials) in manufacturing industries have allowed players to use newly developed materials such as alloys of stainless steel, making exhaust manifolds durable and robust under extreme pressure and temperature conditions, apart from making the vehicles much lighter.

In addition, companies are also innovating novel exhaust system technologies, in agreement with government regulations such as Euro 6C, China National Standard V and VI, Bharat Stage VI. FMI anticipates significant innovations in the automotive exhaust manifold systems market in view of such emission regulations.

Key Takeaways from Segmental Analysis

  • In terms of materials, automotive exhaust manifold systems made of cast iron will gain a significant market share of approximately 64 percent, through the forecast period of 2018-2026, given the material’s contamination resistance, thermal stability and the strength needed for consistently high levels of performance and durability in several automotive application.
  • However, stainless steel will gain a substantial market share, post 2022, as favorable properties such as corrosion resistance, good strength and aesthetics gain high preference.
  • On the basis of vehicle type, the passenger car segment will exhibit maximum adoption of exhaust manifold systems, holding more than three-fourth of the market value share by 2026.
  • In term of product type, log manifold will dominate the automotive exhaust manifold systems landscape, with approximately 85 percent market share, given the product’s longer life and efficient operations in real time working conditions.
  • With nearly 88 percent market share, inline engines will exhibit maximum installations of exhaust manifold systems, given the engine’s balance compared to V line counterpart because of the equal weight distribution.
  • Sales of automotive exhaust manifold systems, through OEM channel will contribute the maximum revenue, versus aftermarket fitments.
  • APEJ is projected to hold a notable share in the global automotive exhaust manifold systems market, given the increasing investments by car manufacturers in developing markets and an ever-expanding urban landscape in the region.
  • Eastern Europe automotive exhaust manifold systems market is also likely to witness substantial growth, with Germany and France at the fore.

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Overview of Automotive Exhaust Manifold Market Structure

The global Automotive Exhaust Manifold market is a highly consolidated one with major players such as Tenneco Inc., Faurecia SA, Katcon, S.A. De C.V., Bentler Group, Eberspächer Climate Control Systems GmbH & Co. KG, Futaba Industrial Co. Ltd, Sango Group, Friedrich Boysen GmbH & Co. KG., Sejong Industrial Co. Ltd., Westcast Industries Inc. and Yutaka Giken Company Limited accounting for significant share of the global Automotive Exhaust Manifold market.

Automotive Exhaust Manifold Market Segmentation

Sales Channel

  • OEM
  • After Market

By Material

  • Cast Iron
  • Stainless Steel

By Product Type

  • Log Manifold
  • Tubular Manifold

Engine Type

  • Inline
  • V Line

Vehicle Type

  • Passenger Car
  • LCV
  • HCV

Fuel Type

  • Passenger Car
  • LCV
  • HCV

Table Of Content

  1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

  1. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

  1. Market Background

3.1. Macro-Economic Factors

3.2. Forecast Factors – Relevance & Impact

3.3. Supply Chain

3.4. Market Dynamics

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Trend

  1. Market Forecast

4.1. Market Volume (Units) Projections

4.2. Pricing Analysis

4.3. Market Size Projections

4.3.1. Y-o-Y Projections

4.3.2. Absolute $ Opportunity Analysis

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Key Insights from Competition Tracking

  • Competition in the automotive exhaust manifold systems market is projected to remain significantly high with top companies contributing nearly 60-70 percent to the market. The market for automotive exhaust manifold systems is anticipated to remain consolidated over the forecast period, as per FMI.
  • Demand and supply curve of automotive exhaust manifold systems is estimated to remain on the linear side, through the forecast period.
  • Key companies are diligently concentrating on increasing its production so that they are able to meet the global demand for automotive exhaust manifold systems.
  • Investments in research and development will increase, further driving the production of novel automotive exhaust components. Collaborative developments via a partnership with research institutes and industry players to pave the way for innovative products.
  • Key players are also projected to enter in joint ventures and acquisition for strategic positioning in regional markets, while also increasing their profitability and create growth opportunities.

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.

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Automotive Seat Heater Market is projected to witness a CAGR of 6.2% from 2022 to 2028

Future Market Insights (FMI) has published a new research report on automotive seat heaters. The report has been titled, “Automotive Seat Heater Market: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2028.” The report states that the growing inclination of consumers across the globe towards luxury and premium vehicles is expected to boost the demand for automotive seat heaters over the coming years. The market for seat heaters is substantially dominated by a limited number of manufacturers who primarily cater to demand from OEMs. On the flipside, the market is witnessing the presence of a large number small-scale manufacturers predominantly based out of the Asia Pacific, who supply their products to cater to the growing demands in the independent aftermarket.

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For instance, the Continental AG has a wide portfolio of products that find application in passenger cars, trucks and buses, agricultural vehicles, construction vehicles, marine solutions (engine monitoring, navigation and vessel information systems) and two wheelers. Similarly, other companies are also gearing up to expand their product portfolio. A few of the other companies operating in the global market include Panasonic Corporation, Gentherm Incorporated, Kongsberg Automotive, II-VI Incorporated, and I.G.Bauerhin GmbH, among others.

According to the report, the global automotive seat heater market is projected to witness a CAGR of 6.2% from 2022 to 2028. The market is expected to be worth US$ 922.6 Mn in 2022 and touch a valuation of US$ 1,678.9 Mn by the end of 2028.

High Use of Seat Heaters in Cold Regions to Lead to Rise in Demand

The temperature inside an automobile cabin can drop to subzero levels during cold winter and extremely cold environmental conditions. Under such punitive conditions, the driver inside the vehicle can experience localised cooling as the driver’s exposed body surface (15% to 20%) comes in contact with the seat base and back support. Moreover, the heating system within a vehicle tries to respond to the comfort level of the driver but only until a certain period of time. To overcome this problem, many automobile seats are incorporated with embedded heating pads to enhance the driver’s thermal comfort, particularly during the initial period of driving. The heat generated from seat heaters is transferred through the seat cover. This feature has generated keen interest in the development of efficient seat heating systems that guarantee a driver’s thermal comfort in cold winter conditions. As a result, the demand for automotive seat heaters is high in North America and Europe.

Another factor that is expected to have a major impact on the market is the growing adoption of hybrid and electric vehicles. The prevalence of many big electric vehicle manufacturers across the globe such as Volkswagen group, Honda Motor Co., Ltd., Nissan Motor Corporation Ltd., Mitsubishi Motors Corporation and Toyota Motor Corporation will help the growth of the electric vehicle segment. Moreover, increasing support from the government coupled with strict emission norms will also offshoot the demand for electric vehicles, which in turn, will upsurge the demand for automotive seat heaters.

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Automotive Seat Heater Market by Category

By Vehicle Type :

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Sales Channel :

  • OEM
  • Aftermarket

By Region :

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

 

Key Players

  • Gentherm Incorporated
  • Kongsberg Automotive
  • Continental AG
  • II-VI Incorporated
  • Panasonic Corporation
  • I.G. Bauerhin GmbH
  • Seat Comfort Systems, Inc.
  • Roadwire LLC
  • Firsten Automotive Electronics Co., Ltd.
  • Rostra Precision Controls, Inc.
  • Guangzhou Tachibana Electronic Co., Ltd.
  • SINOMAS
  • Changchun SET Electronics Co., Ltd

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Seasonal Requirement of Automotive Seat Heaters to Stand in the Way of Market Expansion

Seat heaters are provided as a seasonal feature and are generally required for automobiles in winter. When the temperature is low, seat heaters play an important role in providing a certain level of comfort to the driver, but are of no use in other seasons. Therefore, the application of seat heaters in regions such as MEA and Asia Pacific where the temperature does not dip so low during winter is limited, which is expected to hamper the growth of the seat heaters market.

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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 Timing Chain and Belt Market is projected to increase at a CAGR of 4.2% by 2027

The global automotive timing chain and belt market was pegged at 114,517 ‘000 units in 2022 and is expected to reach 166,277 ‘000 units by the end of 2027. The market is projected to increase at a volume CAGR of 3.8%. According to a new report by Future Market Insights titled “Automotive Timing Chain & Belt Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2022–2027),” global sales of automotive timing chains and belts was valued at US$ 6,754.7 Mn in 2022 and is projected to increase at a CAGR of 4.2% over the forecast period to be valued at US$ 10,209.9 Mn by 2027. This growth is primarily driven by an increase in vehicle production across key geographies.

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Global Automotive Timing Chain & Belt Market: Dynamics

  • Urban logistic control increases the demand for automotive belts and chains
  • Growing lifespan of used automobiles to boost the automotive aftermarket sales of automotive timing systems
  • Shift of component manufacturers’ focus towards existing opportunities in Eastern Europe is driving expansion of the local production base
  • Research, development and innovation of automotive time/chain components is a key growth driver

Global Automotive Timing Chain & Belt Market: Forecast by Product Type

On the basis of product type, the global automotive timing chain and belt market is segmented into chain, roller chain, non-roller chain, belt, dry belt, and belt in oil. Belt, followed by the chain segment, remains lucrative and will dominate market demand over the forecast period, primarily due to the fact that these products offer longer life and efficient operations in real-time working conditions in all vehicle types.

Global Automotive Timing Chain & Belt Market: Forecast by Vehicle Type

On the basis of vehicle type, the global automotive timing chain and belt market is segmented into passenger car, LCV, HCV, and off highway vehicle. The passenger car segment is anticipated to emerge as an opportunistic segment due to the growing consumer preference for advanced and more efficient timing chains and belts.

Global Automotive Timing Chain & Belt Market: Forecast by Engine Type

On the basis of engine type, the global automotive timing chain and belt market is segmented into gasoline and diesel. By engine type, in terms of volume, gasoline engine is expected to remain the most attractive segment in the global automotive timing chain and belt market over the forecast period, growing at a volume CAGR of 3.7%.

Global Automotive Timing Chain & Belt Market: Forecast by Sales Channel

On the basis of sales channel, the global automotive timing chain and belt market is segmented into OEM and aftermarket. The OEM segment is anticipated to gain prominent market share during the forecast period as OEM sales are directly proportional to the production rate of vehicles globally. Moreover, the increasing production of vehicles in the emerging economies in Latin America and MEA is likely to propel the demand for automotive timing chains and belts.

Global Automotive Timing Chain & Belt Market: Forecast by Region

APEJ is a prominent regional market and is anticipated to dominate the global demand for automotive timing chains and belts, followed by Western Europe. Noteworthy increase in sales in markets such as China, India, Mexico and Turkey among others is expected during the forecast period.

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Market Segmentation

Vehicle Type

  • Passenger Car
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Off Highway Vehicles

Product Type

  • Chain
    • Roller Chain
    • Non-roller Chain
  • Belt
    • Dry Belt
    • Belt In Oil

Engine Type

  • Gasoline
    • Inline Engine
    • V-Engine
  • Diesel
    • Inline Engine
    • V-Engine

Sales Channel

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • Middle East and Africa (MEA)

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Global Automotive Timing Chain & Belt Market: Key Players

Some of the key players operating in the global market for automotive timing chains and belts include Tsubakimato Chain Co., BG Automotive, Continental AG, BorgWarner Inc., Denso Corporation, Schaeffler Technologies AG & Co. KG, Mitsuboshi Belting Ltd., L.G. Balakrishan & Bros Ltd, Daido Kogyo Co. Ltd., SKF AB, Iwis Group, Gates Corporation, Dayco Products LLC, Qingdao Choho Industrial Co. Ltd., Rockman Industries Ltd., Sumax Industry Limited, CIC USA Corp, KCM Automobile Transmission Co. Ltd., and Mahle GmbH.

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.

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MENA Commercial Vehicles (Trucks) Market display a CAGR of 3.4% in the forecast period 2022-2027

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.

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.

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Future Market Insights,
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United Arab Emirates
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Automotive Garage Equipment Market is estimated to be valued at ~US$ 24.4 Bn in 2022, increasing at a CAGR of ~ 4.3% during the projected period of 2022 and 2029

Future Market Insights’ new market research study on the automotive garage equipment market contains global industry analysis 2014 – 2021 and opportunity assessment 2022 – 2029. The report investigates the automotive garage equipment market and provides critical insights for the forecast period of 2022 – 2029. As per the key findings of the report, the global automotive garage equipment market is anticipated to experience substantial growth over the forecast period due to increase in the demand for replacement and maintenance of automotive components.

The global automotive garage equipment market is estimated to be valued at ~US$ 24.4 Bn in 2022, increasing at a CAGR of ~ 4.3% during the projected period of 2022 and 2029. This growth is significantly driven by stringent emission and other regulations of vehicle diagnostics equipment in the automotive industry

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FMI’s study opines that growing popularity of independent garages among consumers is one of the key trends that is shaping the global automotive garage equipment market. However, the onset of innovative technologies and R&F activities is expected to enhance the functionalities and capabilities of modern automotive garage equipment.

Significant Growth Opportunities in the APEJ Automotive Garage Equipment Market

Asia Pacific Excluding Japan is projected to show heavy upsurge in the automotive garage equipment market owing to increasing penetration of new franchises and up gradation in independent repair shops and garages particularly in India and china. The region accounts for largest two wheeler fleet and higher density of light and heavy vehicles. China is projected to witness heavy growth owing to increase in number of light and two wheelers and India is projected to hold significant share in the automotive garage equipment market owing to growth in independent garages and repair shops. Propensity of these countries towards technological advancements in the garage equipment’s is creating an opportunity for the market during the forecast period.

High Demand for Garage Equipment from Independent Garages Propelling the Market Growth.

The global automotive garage equipment market has been segmented based on vehicle type, equipment type, garage type and regions, such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Middle East & Africa, and Japan.

  • Shifting consumer preference towards independent garages in comparison to franchise garage is one the major factors driving the growth of garage equipment’s in the market. Independent garages offer similar services and capabilities as franchise garages along with economical price bands as OEMs. According to primary surveys about ~80% of the consumers in Asia prefer independent garages over OEM dealerships due to the maneuverability, ease, and flexibility offered by them at a reduced cost and time. As a result, the growing demand for independent repair shops is in turn expected to drive the need for garage equipment
  • Majority of OEMs are planning strategic initiatives to expand dealerships and after sales service capabilities in rural areas. The strategy lies in establishing repair & maintenance dealerships and for franchised garage operators to expand their service presence and portfolio. Vehicle manufacturers have now shifted their focus towards the rural market as it seems to be significantly more opportunistic. This in turn, will drive automotive garage equipment during the forecast period.
  • Light vehicles garages are projected to emerge as the major contributor to the demand for garage equipment, reason being demand for new and advanced garage equipment products. This will in turn create significant demand for advanced garage equipment, such as vehicle diagnostics & testing equipment, wheel & tire alignment equipment, etc.

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Automotive Garage Equipment Market by Category

By Vehicle:

  • 2 Wheelers
  • Light Vehicles
  • Heavy Vehicles

By Equipment:

  • Lifting Equipment
  • Body Shop Equipment
  • Wheel & Tire Alignment
  • Vehicle Diagnostics & Testing
  • Washing Equipment
  • Other Tools

By Garage:

  • OEM
  • Franchisee Garages
  • Independent Garages

By Region

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

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Automotive Garage Equipment Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global automotive garage equipment market. Few examples of key players in the market are Symach Srl, Nussbaum Automotive Solutions, SAMVIT GARAGE EQUIPMENTS, MAHA Maschinenbau Haldenwang Gmbh & Co. KG, Snap-on Incorporated, Robert Bosch GmbH, Continental AG, and Forward Lift Company (Dover Corporation), and Standard Tools and Equipment Co., among others. The global automotive garage equipment market is significantly dominated by some players holding prominent shares of the market. Tier-1 players are focused on mergers, acquisitions and joint ventures with local market players and launch of technically advanced garage equipment’s in order to achieve the ongoing trend thereby gaining a competitive edge over its peers.

Top Reports Related To Automotive Market Insights

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).

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,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
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Report: https://www.futuremarketinsights.com/reports/automotive-garage-equipment-market
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Automotive Brake Valve Market anticipated to reach US$ 6,551.1 by 2022 end, growing at CAGR of 5.3% by value over the forecast period 2022 – 2027

Witnessing a prominent boost from the demand for high-speed racing cars, the global automotive brake valve market is set for a promising CAGR during 2022 – 2027. The sales of automotive brake valves will witness an uptick with the growing stringency of regulations to mandate anti-lock braking system (ABS) fitment in passenger cars and commercial vehicles, says a new study of Future Market Insights (FMI). Increasing sales of integrated electronic braking systems and electrohydraulic brake valves in automotive brake systems would elevate market prospects in the following years. Towards the end of forecast period, global sales of automotive brake valves are foreseen to reach in excess of US$ 8 Bn. The sales of automotive brake valves will witness an uptick with the growing stringency of regulations to mandate anti-lock braking system (ABS) fitment in passenger cars and commercial vehicles, says a new study of Future Market Insights (FMI). Increasing sales of integrated electronic braking systems and electrohydraulic brake valves in automotive brake systems would elevate market prospects in the following years. Towards the end of forecast period, global sales of automotive brake valves are foreseen to reach in excess of US$ 8 Bn.

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Automotive Brake Valve Market – Key Takeaways

  • Introduction and adoption of advanced vehicle security systems in passenger cars and commercial vehicles is a key factor identified to drive automotive brake valve market growth. ABS installation is projected to gather significant momentum for on-road as well as off-road vehicle fleet, over the forecast period.
  • Increasing installation of ABS in all classes of passenger cars as well as commercial vehicles is augmenting demand for automotive brake valves.
  • Moreover, use of advanced braking systems in high-speed racing cars that are subject to wear and tear is also expected to play a vital role in bolstering demand for automotive brake valves.
  • In most cases, brake valves are procured by brake system manufacturers or assemblers. These are then fitted in brake systems of passenger cars and commercial vehicles. Efficient and proper value chain will further augment the growth of automotive brake valve market.
  • Integration of electronics in brake systems and use of advanced technologies such as EBD, SSR, ESP, traction control and brake assist (BA) in ABS, further enhance the overall efficiency of vehicles, in turn, reducing the fitment of conventional brake valves. However, combinational and proportional brake valves are still used along with ABS to maintain tractive contact with the road.
  • In case ABS fails or dysfunctions, vehicle’s regular braking system that comprises of combinational brake valves and proportional brake valves control braking activities of the vehicle. Moreover, in many newer vehicles valve assembly can get replaced separately from the ABS control module, thereby increasing opportunities in the aftermarket segment.

Considerably fair shelf life, and thus, low replacement rate of automotive brake valves will remain among the key factors limiting growth of the global market to a large extent, throughout forecast period.

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Automotive Brake Valve Market to Grow in Parallel with ABS Production

The global automotive brake valve market is estimated to witness decent growth over the forecast period. Rapidly growing automotive industry, especially production and sales of sports cars, is substantially boosting demand for automotive brake valves. East Asia will retain its dominance in the global automotive brake valve market owing to comparatively higher vehicle fleet, followed by South Asia and North America.

Who Is Winning?

Automotive brake valve market is identified to be consolidated, comprising of market players such as Wabtec Corporation, Master Power Brakes, and Parker Hannifin Corp. Market players forming supply contracts with local and regional automotive ancillaries are expected to drive market growth. Furthermore, tie-ups between ABS and brake valve manufacturers are fueling automotive brake valve market growth. Moreover, continual dependency of local automotive OEMs on aftermarket sales will surge demand for automotive brake valves during the forecast period.

AUTOMOTIVE BRAKE VALVES MARKET TAXONOMY

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

Product

  • Combination Valves
  • Quick Release Valves
  • Metering Valves
  • ABS Modulator Valves
  • Foot & Hand Brake Valves
  • Parking Brake Valves
  • Emergency Valves
  • Check Valves
  • Spring Valves
  • Proportional Valves

Vehicle

  • Compact Cars
  • Mid-sized
  • Luxury Cars
  • SUVs
  • HCVs
  • LCVs

Material

  • Steel
  • Copper
  • Brass
  • Alloy

Sales Channel

  • OEMs
  • Aftermarket

Region

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

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Report at Glance

The global automotive brake valves market report offers noteworthy insights and analysis for the forecast period of 2019-2027. The report includes macroeconomic factors, regional pricing analysis, market dynamics, value chain analysis, market value and volume analysis, emerging market trends, important stakeholders, list of manufacturers and distributors, industry roadmap for last five years, channel partners, and strategies deployed by market players to gain a competitive edge.

Top Reports Related To Automotive Market Insights

Automotive Head-up Display Market : As per recently updated report by Future Market Insights (FMI), the automotive HUD market valuation is forecast to reach US$ 563 Mn by the end of 2021. The global automotive HUD market is expected to exhibit an impressive 11.5% y-o-y growth owing to high demand for modern safety system and increase in sales of electric vehicle.

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.

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

Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/automotive-brake-valves-market
Press Release Source: https://www.futuremarketinsights.com/press-release/automotive-brake-valves-market

Testosterone Injectable Market is set to witness a growth of 4.1% CAGR during the year 2022-2031

According to the latest research by Future Market Insights, the Testosterone Injectable Market is set to witness a growth of 4.1% CAGR during the year 2021-2031. Testosterone injectable market is one of the most important classes of hormone injectable therapy adopted globally. 

Testosterone injectable market is gaining acceptance among patients and physicians due to increasing awareness regarding benefits and efficacy of testosterone replacement therapy products.

The primary male hormone responsible for improving male sexual traits, spermatogenesis, and fertility is testosterone. Erectile dysfunction is caused by a lack of testosterone production, which can be treated with testosterone injectable.

What is Driving Demand for Testosterone Injectable Market?

The demand for testosterone injectable market is largely based on the rise in geriatric population with high risk of testosterone deficiency, growing awareness about testosterone injectable, improved health care infrastructure, policies, and advancement in health care infrastructure. Moreover, access to various diagnostic and treatment services has improved in the recent past, especially in developed economies and this is one of the major factor that has boosted the demand for testosterone injectable market.

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The U.S. Testosterone Injectable Market Outlook

The market for testosterone injectable is most prominently driven by countries like U.S. According to a study published in the European Association of Urology Journal, testosterone treatment patterns in the United States have increased by 1.8 to 4-fold in the last two decades.

Moreover, there is an increasing number of people suffering from hypogonadism, growing geriatric population and growing availability of effective and convenient treatment options results in an increasing demand for testosterone injectable in the U.S. The U.S. is undertaking a variety of attempts to strengthen their research and development facilities to fulfil the demand for testosterone injectable.

Europe Demand Outlook for Testosterone Injectable Market

As per a study published in the National Center for Biotechnology Information (NCBI), approximately 30% of men worldwide are affected by hypogonadism. Europe accounts for the existence of numerous medical centers, robust healthcare infrastructure, and increasing government initiative.

Furthermore, rising rise in the incidence of testosterone deficiency, increase in geriatric population with high risk of testosterone deficiency, and increasing awareness about testosterone substitute therapy are the key driving factors in testosterone injectable market in Europe.

Who are the Key Manufacturers and Suppliers of Testosterone Injectable Market?

The key companies working in testosterone injectable and solutions for testosterone injectable are

  • Clarus Therapeutics
  • Bayer AG
  • Endo Pharmaceuticals Inc.
  • Eli Lilly Company
  • Kyowa Kirin International plc
  • Mylan N.V.
  • Novartis AG
  • and Pfizer Inc.
  • J & K Scientific Ltd.
  • Beijing Coupling Technology Co.Ltd.
  • Longyan Tianhua Biological Technology Co.Ltd

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Manufacturers in the market focus on carrying out certain strategic activities such as acquisitions and mergers, expansion, product launch, etc. For instance, on May 25, 2020, Partner Perspectives announced the latest innovation in Testosterone Replacement Therapy (TRT) is JATENZO®, an oral softgel formulation of testosterone undecanoate (TU) for adult males for conditions associated with a deficiency or absence of endogenous testosterone.

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

Testosterone Injectable Market 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

Note: Although care has been taken to maintain the highest levels of accuracy in reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Key Segment 

By Dosage Form:

  • Hypogonadism
  • Autoimmune Conditions
  • Genetic Disorders
  • Sex Organ Surgeries
  • Others

By Drug Active Ingredient:

  • Testosterone
  • Testosterone Cypionate
  • Testosterone Undecanoate
  • Testosterone Enanthate
  • Methyl testosterone
  • Others

By Age Group:

  • Adults
  • Geriatric
  • Paediatric

By End User:

  • Hospitals
  • Homecare
  • Specialty Clinics
  • Others

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By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • The Middle East and Africa