Automotive Racing Seats Market is projected to grow with a CAGR of 8% – 10% for the forecast period of 2021-2031

According to research, automotive racing seats market is projected to grow with a CAGR of 8% – 10% for the forecast period of 2021-2031. Demand for this product will be witnessed across all regional markets.

Due to the light-weighting of seats and growing popularity of racing events in developing economies, the market for this product is set to prosper.

What is Driving Demand for Automotive Racing Seats

Automotive racing seats possess a lot of features that enable them to safeguard the persons on them. They have advanced lateral support and ability to accommodate racing harnesses.

These seats are designed according to the shape of a human body to provide apt weight distribution, which helps the driver to withstand gravity force while cornering. They also come with special openings for 3, 4 or 5 point racing harnesses to increase safety in extreme driving conditions.

These seats are often lighter in weight compared to other automotive seats, which is vital for a racing car. Furthermore, these seats are universal and can be installed in any vehicle using model specific or bolt-on seat mounting brackets.

Many manufacturers are increasingly focusing on reducing fuel emission resulting in a surging development of light-weight vehicles.

The deployment of light-weight seats reduces the overall weight of the racing cars. Thus, the availability of light racing seats will drive the sale of this commodity in the forecast period.

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Environmental Concerns to Provide Growth Opportunities to Automotive Racing Seats

Concerns regarding environmental degradation and hence developments to counter these concerns have made place in the world.

Automotive racing seats are generally made of carbon fibers and the manufacturing process results in the emission of several harmful and toxic substances.

Researchers are trying to substitute these carbon fibers with natural fiber substitutes and few companies have come up with such natural fiber racing seats.

The replacement of carbon fibers will gradually become a trend and catch pace, with better alternatives coming out and innovations happening in this field in the forecast period.

Asia-Pacific Automotive Racing Seats Demand Outlook

The Asia-Pacific region is expected to grow and hold a substantial share in the global automotive racing seats market in the forecast period.

There will be a rapid rise in the market of this product in this region which is attributed to growing economies and rapid urbanization.

Ideas and interests like car racing are slowing becoming prominent in many countries like India with cinematic use of these seats increasing as well.

This will ensure the growth of the automotive racing seats sector.

North America and Europe Automotive Racing Seats Sales Outlook

North-American region’s market share is expected to grow at a steady pace during the forecast period.

This growth shall be owing to the presence of many top key players and manufacturers native to this region. Their vast presence in this region will drive the market for racing seats in this region.

The European region is expected to grow at the fastest pace in the domain of automotive racing seats and is expected to have the largest share in the global market for this product in the forecast period.

This domination can be attributed to the occurrence of many upcoming racing events and championships in this region.

The number of these events will add to the need of quality racing seats in automobiles and hence drive the market.

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Who are the Key Manufacturers and Suppliers of Automotive Racing Seats

Some of the key players operating in the global market are

  • BRAUM Racing,
  • Cobra Seats,
  • Corbeau USA LLC,
  • Faurecia SE,
  • Lear Corporation,
  • MW Company LLC,
  • OMP Racing S.p.A,
  • Racetech Manufacturing Ltd.,
  • Recaro Holding GmbH,
  • and Sparco S.p.A among others.

In August 2020, McLaren Racing Limited along with Bcomp, came up with F1 racing seats made up of natural fiber composites instead of traditional carbon fibers Companies like these engaging in developments and innovations are contributing to the robust growth in automotive racing seats domain.

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.

Key Segments

By Fiber Material:

  • Carbon Fiber
  • Natural Fiber

By Application:

  • High Performance
  • Eco Performance

By Region:

  • North America (US and Canada)
  • Latin America (Brazil, Mexico)
  • Europe (Germany, Italy, France, UK, Spain, Benelux, Russia, Nordics)
  • East Asia (China, Japan, South Korea)
  • South Asia and Pacific (India, ASEAN, Australia & New Zealand)
  • Middle East and Africa (GCC Countries, Turkey, North Africa, South Africa)

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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

Top Reports Related To Automotive Market Insights

Automotive Actuator Market : Research and development plays a vital role in triggering innovation in the automotive actuator market. This is a crucial factor that is expected to influence the automotive actuator market in the coming years, which could bring innovations in the product offerings. The European Czech Republic witnessed similar incident where Eaton European Innovation Centre was awarded a $1.5 million grant from the Technology Agency of the Czech Republic.

Automotive Seating Market : Seating systems are platform designed to accommodate the person seating in vehicle. Seating has modified through simple seating systems to complex masterpiece to fulfill the desires of both consumer and manufacturers.

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Automotive Actuator Market Key Manufacturers, Development Trends and Competitive Analysis 2028

Research & Development to Foster Forthcoming Innovations in the Production of Enhanced Automotive Actuator

Research and development plays a vital role in triggering innovation in the automotive actuator market. This is a crucial factor that is expected to influence the automotive actuator market in the coming years, which could bring innovations in the product offerings. The European Czech Republic witnessed similar incident where Eaton European Innovation Centre was awarded a $1.5 million grant from the Technology Agency of the Czech Republic. The project focuses on improving engine energy efficiency by building advanced cylinder deactivation system, for which electro-mechanical actuator would be developed along with other necessary hardware. The project would expand the expertise and knowledge in electro-mechanical actuator design and control.

Moreover, key players are expanding their capabilities in the America and Asia, the regions that showcase lucrative opportunities for the automotive actuator market. For instance, a recognized major market contributor of the automotive actuator market, Johnson Electric opened a production plant in Brazil, making it a regional hub for serving customers in South America.

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The Asian market for automotive actuator also portrays effective opportunities for manufacturers. Officials of the recognized key player in the market for automotive actuator, Continental stated that the company is turning to the Indian market as they expect the valuation of automotive components to rise in the next five years, owing to the new emission and safety norms and ever-evolving technology.

Emergence of Self-driven Cars to Proliferate Automotive Actuator Demand

Globally recognized automotive manufacturers such as GM, Ford, Toyota, Daimler, and others are moving towards automated and self-driven technology to offer ease and advancements in driving. Automotive actuator and sensors are widely used for the production of self-driven automated cars, owing to which the demand for automotive actuator is expected to grow significantly.

In line with this, a major player in the automotive actuator market and a second largest mobility supplier, Denso Corporation planned to open a facility for the development and testing of automated driving technology in Tokyo. With leading players encouraging the application of automotive actuator in self-driven cars, the market has tremendous opportunities with the evolving shift towards automation.

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Key Automotive Actuator Market Players: Strategies and Products Offered to Gain Competitive Advantage

The major players in the automotive actuator market are incorporating various strategies owing to which they gain a competitive edge over the other players with enhanced product offerings and greater presence across the globe. The key players in the automotive actuator market include Robert Bosch GmbH, Nidec Corporation, Johnson Electric, WABCO Holdings Inc., Hella KGaA Hueck & Co., Mahle GmbH, Continental AG, Mitsubishi Electric Corporation, Delphi Automotive LLP, CTS Corporation, Hitachi Ltd, and Denso Corporation.

Johnson Electric, a major automotive actuator market player stated in their financial report for the first half of the year 2018 that the company witnessed a sales growth. The company delivered superior growth from its automotive and industrial product domains. This reflects the continual efforts taken by the company in offering good products such as automotive actuator to the automotive industry.

Another key provider of automotive actuator, Robert Bosch GmbH together with Daimler announced a fully automated driving on-demand ride-hailing service in San Jose, California where Bosch would be responsible for providing components such an automotive actuator, sensor, and control units, while Daimler would be responsible in providing the cars with a drive system.

Continental AG, another automotive actuator market player announced the acquisition of the automotive division of Kathrein Automotive GmbH for the development of intelligent antenna solutions. This move by the company reflects its continuous efforts in the automotive sector, to provider effective solutions to the same.

Automotive Actuator Market Segmentation Allows Seamless Analysis of Key Divisions

The automotive actuator market is classified based on key distinctive parameters including product type, distribution channel, and vehicle type.

When segmented according to product type, the key segments of the automotive actuator market include grill shutter actuators, exhaust gas recirculation regulators, headlamp actuators, piezoelectric actuators, throttle actuators, electronic ignition actuators, HVAC actuators, and brake actuators. The distribution channels through which the automotive actuator is distributed includes aftermarket and original equipment manufacturers (OEM), while the segmentation of automotive actuator market based on vehicle type includes segments such as light commercial vehicles, passenger cars, and heavy commercial vehicles.

The research report on market of automotive actuator showcases an extensive analysis of the whole market. It includes in-depth insights, historical and factual data, and industry-validated and statistically-supported data providing a better understanding of the automotive actuator market. The report on market of automotive actuator includes predictions using adequate set of assumptions and methodologies. The research report on automotive actuator market provides evaluations and data based on regions, technology, market segments, and applications.

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The report on market of automotive actuator encompasses detailed evaluation on:

  • Segments of market of automotive actuator
  • Automotive actuator Market Influencers
  • Automotive actuator Market Size
  • Supply and Demand
  • Latest trends and challenges in the automotive actuator market
  • Major Automotive actuator Providers
  • Value Chain
  • Technology

Assessment of Regions includes

  • North America Market of Automotive actuator—Canada and US.
  • Latin America Market of Automotive actuator— Mexico, Brazil, and Rest of Latin America.
  • Western Europe Market of Automotive actuator— Germany, Italy, U.K, France, Nordic countries, Netherlands, Spain, Luxembourg, Belgium, and Rest of Western Europe.
  • Eastern Europe Market of Automotive actuator— Poland, Russia, and Rest of Eastern Europe.
  • Asia Pacific Market of Automotive actuator—China, India, ASEAN, Australia & New Zealand.
  • Japanese Market of Automotive actuator
  • Middle East and Africa Market of Automotive actuator— GCC, South Africa, and Rest of MEA.

The automotive actuator market research study is an outlook of first-hand information gained by analyzing the market in a qualitatively and quantitatively. This data is gained with the help of research analysts, experts in the industry and participants across the value chain. The detailed assessment of the trends in the parent market, macro-economic segments, factors governing the market, and market attractiveness according to segments are all included in the report. The automotive actuator market study also traces the influence of the several factors on the regions and market segments.

The report on automotive actuator market highlights:

  • Detailed overview of Parent Market
  • Changing Dynamics of Automotive actuator Market
  • Thorough Market Classification
  • Market Valuation with respect to Volume and Value: Current, Historical and Projected Data
  • Latest industrial trends and developments
  • Competitive Landscape
  • Major Players- Strategies and Product offerings
  • Geographies and Potential and Niche Segments that exhibit promising growth
  • Neutral perspective of Market Performance
  • Necessary information for Companies to help improve and sustain their presence in the market

Top Reports Related To Automotive Market Insights

Armored Vehicle Market : An armored vehicle is a lightweight self-propelled wheeled fighting vehicle which is used commonly in military and safety applications. The armored vehicle is designed for the transportation of military people in highway or in any difficult restrain path.

Automotive Seating Market : Seating systems are platform designed to accommodate the person seating in vehicle. Seating has modified through simple seating systems to complex masterpiece to fulfill the desires of both consumer and manufacturers.

About FMI

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Armored Vehicle Market Study: An Emerging Hint of Opportunity by 2028

Armored Vehicle Market: Introduction

An armored vehicle is a lightweight self-propelled wheeled fighting vehicle which is used commonly in military and safety applications. The armored vehicle is designed for the transportation of military people in highway or in any difficult restrain path. It also design to give protection against the basaltic threats like IED (improvised explosives device) or bullets. The armored vehicle are widely used by the army and law enforcement, but for past few years the corporate world, VIPs and celebrities also are prominent players for the armored vehicle market. The armored vehicle market expected to grow because of cross-border dispute, with increase in counter terrorism and growing number of wars across the world. The use of IED (improvised explosives device) by terrorist organization are the prominent threats for any country which is likely to affect the demand for armored vehicle in globe market.

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Armored Vehicle Market: Dynamics

The technology development like artificial intelligence has improved the standard of armored vehicle market with the introduction of unmanned armored vehicle, survivability equipment and virtual training has driven the demand for armored vehicle in global market. With new advanced transmission system and advance navigation system that is deployed in armored vehicle has make the transport more effective with secure. The introduction of lightweight and advance weapon equipped are likely to drive the demand for armored vehicle market. The rise in internal and external threat and increasing violence is likely to affect the demand for armored vehicle market. The factor obstruct the demand for armored vehicle market is high cost associated in armored vehicle. Several nations have already started investing on the modernization of armored vehicles to deliver augmented level of security and mission readiness which likely to affect the demand for armored vehicle market. The armored vehicle market is not limited to defense sector the vehicle also used for natural disasters like earth quake, flood etc. The luxury segment of armored vehicle also are in trend with high profile celebrities and VIP person which are high value target for the terror organizations.

Armored Vehicle Market: Segments

The armored vehicle market can be segmented on the basis of by end user, by vehicle type, and by technology.

On the basis of by end user, armored vehicle market can be segmented as:

  • Defense
  • Wheeled Armored Vehicle
  • Track Armored Vehicle
  • Commercial
  • SUVs
  • Mid-Size
  • Luxury
  • Buses and Coaches

On the basis of by vehicle type, armored vehicle market can be segmented as:

  • Armored Amphibious Vehicles
  • Armored Personnel Carriers
  • Infantry Fighting Vehicles
  • Light Protected Vehicles,
  • Main Battle Tank
  • Mine-Resistant Ambush Protected

On the basis of by technology, armored vehicle market can be segmented as:

  • Active
  • Passive

Armored Vehicle Market: Regional Outlook

This rising in violence in countries like Syria, Iraq and other regions in the globe are likely to drive the demand for the armored vehicle market. The multilateral partnership between the Africa union and North Atlantic Treaty Organization (NATO) to counter the terrorism is likely to drive the demand for armored vehicle market. The dispute between the Russia and European countries is like to drive the market for armored vehicle. The Asia Pacific armored vehicle market is expected to grow the factor influencing armored vehicle market are the rising in terrorist activities in the region and increase in spending of emerging economic like China, South Korea and India and they are acquiring the advanced armored vehicle for their military operations. But the, lack of regulation in the operations of companies, government rules and regulations, and limited defense budget likely to affect growth of the armored vehicle market.

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Armored Vehicle Market: Key participants

List of some of the prominent market participants in armored vehicle market are:

Key Players

  • BAE Systems
  • Daimler AG (Mercedes Benz)
  • Elbit Systems
  • Ford Motor Company
  • General Dynamics Corporation
  • INKAS Armored Vehicle Manufacturing
  • International Armored Group
  • IVECO
  • Krauss-Maffei Wegmann GmbH & Co.(KMW)
  • Lenco Industries, Inc.
  • Lockheed Martin Corporation
  • Navistar, Inc.
  • Oshkosh Defense, LL
  • Rheinmetall AG,
  • STAT, Inc.
  • Textron, Inc.
  • Thales Group

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Electric Vehicle Transmission Market Demand, Scope and Future Estimation until 2027

The automotive industry has reached at a crossroad where decisions has to be made with regards to moving forward with electric vehicles or conventional IC engine vehicles. In the present scenario, innovations in the automotive industry are more focused towards the electric vehicles than the conventional vehicle implying a future where electric vehicles will eventually phase out the other types.

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Electric Vehicle Transmission Market: Dynamics

The restraints associated with electric vehicle market are plenty and many which can have a domino effect on the electric vehicles transmissions market as well. It is a clear fact that the sale of electric vehicles determines the strength of the electric vehicles transmission market. Hence, the problems associated with electric vehicles such as high price, subpar performance, travel range anxiety, and lack of charging infrastructure, among others, can hamper the growth of the electric vehicles transmission market.

Electric Vehicle Transmission Market: Segmentation By type, the electric vehicle transmission market can be segmented as:

  • Single Gear Mechanism
  • Multi Gear Mechanism

By vehicle type, the electric vehicle transmission market can be segmented as:

  • Hybrid Electric Vehicles (HEVs)
  • Plug-In Hybrid Electric Vehicles (PHEVs)
  • Battery Electric Vehicles (BEVs)

By sales channel, the electric vehicle transmission market can be segmented as:

  • Original Equipment Manufacturers (OEM)
  • Aftermarket

Electric Vehicle Transmission Market: Regional Outlook

From the regional perspective, the electric vehicles transmission market is anticipated for a steady growth in North America owing to aggressive promotion of electric vehicles by major players. The European region is also posed for a healthy growth due to various subsidies and incentives offered by the economies in the region on purchase of an electric vehicle, hence attracting more customers. The market in Asia Pacific is also expected to flourish well in the upcoming years especially in the Japan and China owing to push by the respective governments to place more emphasis on electric vehicles. The market in both Latin America and Middle East & Europe regions may grow on a stagnant phase, this is due to availability of low-cost fuels such as flex fuel in Brazil and abundance of petroleum in the Middle East.

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Electric Vehicle Transmission Market: Key Participants Examples of some of the participants involved in the manufacture of the global electric vehicle transmission are:

  • Oerlikon Graziano SpA
  • ZF Friedrichshafen AG
  • Allison Transmission Inc.
  • Eaton Corporation Plc
  • Magna International (Getrag)
  • GKN Plc
  • BorgWarner Inc.
  • Xtrac Ltd.
  • Drive System Design Ltd.
  • Continental AG
  • Hitachi Automotive Systems, Ltd.

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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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Boat Hook Market is predicted to develop at a CAGR of 3% to 5% between 2021 and 2031

According to recent study, the global boat hook market is predicted to develop at a CAGR of 3% to 5% between 2021 and 2031.

Increasing boating activities fueled by the increase in use of recreational boats is expected to boost the demand for boat hooks.

What is Driving Demand For Boat Hook

A boat hook is a boating accessory. Its most common use is as a docking and undocking assistance. Although it may resemble a pike pole, it must have a blunt point for undocking and a hook for docking. It may also have a line attached to the opposite end for this purpose, which may be supplied with a ring.

The typical boat hook has received a number of improvements that have increased its utility. Many of them make it simple and safe for boaters to attach a line to a dock cleat, ringed mooring buoy and mooring ring.

The typical boat hook’s utility will be much increased, and berthing will be greatly simplified. Some systems may be equipped with carbine hooks, which can be used to retrieve things or people from the sea, such as in a man overboard incident.

Recreational boating has become one of the most popular leisure activities throughout the years. Fishing, kayaking, water skiing, canoeing, and other recreational activities are becoming increasingly popular among boat enthusiasts.

Growing interest in marine leisure sports and activities, particularly among younger age groups, is hastening boat adoption. This is expected to propel the demand for boat hooks.

Customers’ disposable money has increased, and their interest in maritime tourism and leisure activities such as sailing, power boating, yachting, and others has increased significantly in recent years. In addition, adventure tourism is rapidly expanding, and cruise adventures are feeling the effects.

Furthermore, many cruise companies are investing in land-based private islands, allowing them to provide clients with exclusive beach time as an add-on to their aboard experience. This will boost the demand for boat hook.

The natural landscapes of countries with a sea/ocean as a boundary attract a large number of international tourists each year, particularly from the affluent class.

These countries are also popular choices for some promotional events and gatherings that require the use of luxury vessels.

Furthermore, favorable government initiatives and water tourism awareness programs aimed at promoting marine tourism are opening up a plethora of potential for the recreational boating sector which in turn is growing the demand.

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US and Canada Demand Outlook of Boat Hook

Retail unit sales of new powerboats grew 4% in 2019, according to the National Marine Manufacturers Association (NMMA), which includes recreational boat, motor, and marine equipment manufacturers across the United States.

Furthermore, the region’s fast increasing tourism industry has resulted in a growth in recreational and leisure boating activities such as boat racing and water sport games, which has bolstered the region’s outlook.

This will boost the demand in North American region.

Europe Boat Hook Sales Outlook

Over the predicted period, Europe is expected to grow at the fastest rate. The regional market is expected to develop because to rising demand for recreational boats in nations such as the United Kingdom, France, Germany, Italy, and Spain.

The area market is expected to rise due to an increase in persons participating in recreational boating activities. In addition, the growing number of recreational boating events and trade exhibits sponsored by manufacturers are aiding the market’s expansion in Europe.

The European boating industry is a vibrant and competitive sector that contributes significantly to the European economy.

Boat builders, engine makers, equipment manufacturers, trade and service providers make up the whole industry, which has around 32,000 enterprises and employs over 280,000 people directly.

These factors are expected to boost the boat hook market.

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Who are the key Manufacturers and Suppliers of Boat Hooks

Some of the leading manufacturers and suppliers include

  • Davis Instruments,
  • Shurhold Industries,
  • SwiTec,
  • Henssgen Hardware,
  • Samco Sales, Inc.,
  • Shang Hai Orange Metal Products Co., Ltd.,
  • DEYUAN MARINE CO., LTD.
  • , Decorstainless International Co., Ltd.
  • Zhenjiang Longyear Marine Equipment Co., Ltd.,
  • Lexco Cable Manufacturers,
  • Wichard, Inc.,
  • C. Sherman Johnson Co., Inc.,
  • Batz Corporation and others.

A number of manufacturers are prioritizing new releases. These companies are also investing in their R&D. Market leaders have been able to increase their business and consumer base as a result of these initiatives.

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.

Boat Hook Market Report Highlight:

  • 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

NOTE – All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segments

By Material Type:

  • Stainless Steel
  • Copper
  • Plastic

By End-Use:

  • Logistics
  • Transport

By Region:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, Italy, France, U.K, Spain, Poland, Russia)
  • South Asia (India, ASEAN, Rest of South Asia)
  • East Asia (China , Japan, South Korea)
  • Middle East and Africa (GCC Countries, South Africa, Northern Africa, Rest of MEA)

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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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Railroad Ties Market Key Opportunity, Analysis, Growth, Trends 2031

The automotive market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic. The market growth declined drastically when the manufacturing units experienced shutdowns for months and a deficiency in raw materials supply and shortage of human resources Owing to the ongoing crisis caused by the COVID-19 pandemic, the production, and supply chain activities have seen a minor slump. However, the market is likely to face a swift turnaround as the economy starts to stabilize.

Future Market Insights has adopted multi-disciplinary approach to shed light on the evolution of the Railroad Ties Market during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2020, and key prospects over the forecast period 2021 to 2031.

Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Future Market Insights to arrive at various estimations and projections of the Railroad Ties Market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Railroad Ties Market.

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Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are:

  • Gross and Janes Corporation
  • IntegriCo
  • Nisus Corporation
  • Peterson Astec Industries Inc.
  • Vossloh
  • BRIDGEWELL RESOURCES
  • Koppers Inc.
  • Tank Fab
  • Sannosuke Kobayashi Co. Ltd.
  • AGICO GROUP
  • Lankhorst Mouldings
  • AandK Railroad Materials, Inc.
  • Austrak Pty Ltd
  • Others.

Segmentation

The report provides detailed segmentation to give readers in-depth analysis and insights. Deep-level segmentation has been provided for this market based on:

Product Segmentation

The study endeavors to assess the current and future development possibilities, undiscovered roads, factors molding their income potential in the worldwide market by breaking it into segments such as its types, applications, and region-wise assessment.

By Product Type:

  • Wooden Tie
  • Steel Tie
  • Concrete Tie
  • Others

By Application:

  • Train
  • Subway
  • Others

By Regions Covered

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

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Insights in the Report

Full in-depth analysis of the parent market

The analysts at FMI adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results. The study not only provides estimations and projections but also a clear evaluation of these figures on the market dynamics.

Important changes in market dynamics

The various insights in the study are based on extensive cycles of primary and secondary research the analysts engage with during research. The report covers an in-depth analysis of key changes in market dynamics in the recent past and the near future.

Segmentation details of the market

  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets

Queries Solved

  • What are the size of the overall Railroad Ties Market in the Automotive market and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the Railroad Ties Market in the Automotive market, and how they are expected to impact the market?
  • What are the attractive investment opportunities within the Railroad Ties Market in the Automotive market?
  • What is the Railroad Ties Market in Automotive market size at the regional and country-level?
  • What are the key market players focusing on?
  • What are the strategies for growth adopted by the key players in Railroad Ties Market in the Automotive market?
  • What are the recent trends in Railroad Ties Market in the Automotive market? (M&A, partnerships, new product developments, expansions)?
  • What are the challenges to the Railroad Ties Market in Automotive market growth?
  • What are the key market trends impacting the growth of the Railroad Ties Market in the Automotive market?

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Table of Content

  • Executive Summary
  • Market Overview
  • Key Success Factors
  • Global Railroad Ties Market – Pricing Analysis
  • Market Background

Reasons to Buy the report

  • Our industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
  • We provide detailed market segmentation, with insights and reports that other companies fail to fetch.
  • We provide the most accurate analysis of the market and its trends because the data collected are from highly reliable sources.

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 Us     

Future Market Insights
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Multi Attachment Loaders Market Share and Growth Factors Impact Analysis 2031

A multi attachment loader is a hefty equipment device which is used to load or move different objects, materials and is multi purposely used in various fields like agriculture, construction, landscaping and in various industries. Multi Attachment Loaders are used to move sand, stones, rock, etc.

Multi Attachment Loaders can be temporarily or permanently mounted as per the need. Multi Attachment Loaders makes work easy for humans and reduces the work human efforts. It can be varied from 150+ different attachments as every loader have got different purpose to serve.

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Multi Attachment Loaders is mainly used in the earthmoving jobs where the prime task is to move, deposit and load materials efficiently. The major components included in the Multi Attachment Loader are: the engine (diesel in almost all cases), the hydraulic components (such as valves, motors and pumps) and the transmission components (axcel, pumps, wheels/tracks, gearbox, motors, etc.).

The types of Multi Attachment Loader mainly depends upon application and design. The engine scuttle both the transmission and the hydraulic, and these is moved in the front attachment successively (sweeper, bucket, forks, sweeper, etc.) to carefully move the material being handled, and the wheels or tracks to move the machine around the jobsite.

Even though the COVID-19 pandemic carry on to transform the growth of various industries, the immediate impact of the outbreak is varied. COVID-19 is a peerless global public health emergency that has overblown almost every industry, so for and, the long-term effects anticipated to impact the industry growth during the predicted period.

As due to covid-19 the market of construction and development sector is poorly affected, owing to which the sales of multi attachment loaders were also impacted. But gradually everything is settling and the construction and development sector is getting back on track, suggesting better opportunities for the Multi Attachment Loaders Market.

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They hold a major growth credit. Moreover, the key players in Multi Attachment Loaders market have built on collaborations and partnerships which is also their top-notch sustainability strategy.

Increasing flexibility for various requirements is a major challenge for the Multi Attachment Loaders market as in the increasingly unstable and unforeseeable Indian economy requires Multi Attachment Loaders manufacturers to build more flexible and efficient operating machines.

The proliferated usage of these devices across small, medium and large businesses have determined that it is the most crucial equipment in today’s automobile industry to drive energy savings and important factors for calculating the total cost of ownership.

Market Outlook:

Asia Pacific is anticipated to remain the most attractive market, region which is been followed by North America during the forecast period. The growth can be witnessed due to various government projects in these regions.

From example, constructional activities of infrastructural development, in emerging countries such as India and China. North America also plays a crucial part in the market of multi attachment loaders. The demand of the skid steer attachment type is the main reasons for the demand of multi attachment loaders in the region.

Regional analysis includes

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

The global Multi Attachment Loaders market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.

Major Key Player:

In terms of operating conditions, Wheeled Multi Attachment Loaders is considered to be the major contributor for the growth of the Multi Attachment Loaders market, and thus is trending too. The supporting reason is from the fact that wheeled multi attachment loaders are flexible and can be moved from place to place.

Wheeled Multi Attachment Loaders find application in different construction areas such as mining, forestry etc. The Multi Attachment Loaders are available in both frontend and backend loaders. The Multi Attachment Loaders Market has rapidly grown and inclined towards a commercialization matrix over the past few years, as construction & manufacturing sectors have witnessed larger expansions.

Some of the key market participants in the global of Multi Attachment Loaders market, identified across the value chain include:

  • AB Volvo Group
  • Catterpillar Inc.
  • Komatsu Corporation
  • Doosan Corporation
  • Hitachi Corporation.
  • J.C. Bamford Excavators Limited
  • Liebherr Group
  • CNH Industrial
  • Hyundai Motor Company
  • Terex Corporation

The research report on the Multi Attachment Loaders market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

The Multi Attachment Loaders market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, vehicle type, and sales channel.

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By Segment:

The global Multi Attachment Loaders Market can be segmented on the basis of attachment type, Operation Type, wheel type, Engine HP and application type.

Attachment Type:
  • Back Hoe
  • Skid Steer
  • Crawl
  • Mini Loaders
Wheel Type:
  • Wheeled
  • Track
Operation Type:
  • Diesel/Conventional
  • Electric
Engine HP:
  • Below 50 HP
  • Above 50 HP
Application Type:
  • Mining
  • Construction
  • Waste Management
  • Forestry
  • Others( Agriculture, Landscaping)

The demand for multi attachment loaders has increased substantially due to rise demand from the fields of landscaping, agriculture, mining etc. all across the globe. It plays vital role in development sector as is used in almost every major industry, from construction to mining.

It is also used in supply chain management in storing section. Instantaneous growth in public-private contracts to implement construction work increasing building, commercials and development is driving the market of multi attachment loaders.

The main restraint of multi attachment loader is the efficiency, full efficiency is never achieved in multi attachment loader as some part is always left behind. However, development of electric multi attachment loaders is providing significant market growth opportunity.

Particularly in the loader, the wheel loader has garnered high popularity amongst all other multi attachment loaders types owing to its flexibility which allows it to travel anywhere around a place, on any kind of road or construction area.

Additionally wheeled loader are integrated hydraulically which provides it a good control even under large weight holding operations. Owing to the above mentioned factors, in the coming years, the multi attachment loader market is anticipated to witness significant growth.

Railway Traction Inverter Market Estimated to Expand at a Robust CAGR By 2029

The automotive market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic. The market growth declined drastically when the manufacturing units experienced shutdowns for months and a deficiency in raw materials supply and shortage of human resources Owing to the ongoing crisis caused by the COVID-19 pandemic, the production, and supply chain activities have seen a minor slump. However, the market is likely to face a swift turnaround as the economy starts to stabilize.

Future Market Insights has adopted multi-disciplinary approach to shed light on the evolution of the Railway Traction Inverter Market during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2018, and key prospects over the forecast period 2019 to 2029.

Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Future Market Insights to arrive at various estimations and projections of the Railway Traction Inverter Market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Railway Traction Inverter Market.

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Key Players

Railway Traction Inverter Market: Market Participants

Examples of some of the market participants in the global Railway Traction Inverter Market, identified across the value chain include:

  • Voith GmbH & Co. KGaA
  • Mitsubishi Electric Corporation
  • American Traction Systems
  • Simatex AG
  • Hitachi, Ltd.
  • Toshiba Corporation
  • Medcom
  • Alstom
  • Albiero Medha Power srl

Segmentation

The global railway traction inverter market can be segmented on the basis of technology type, train type, capacity and sales channel

On the basis of technology type, railway traction inverter market can be segmented as:

  • SiC (Silicon Carbide)
  • Si-IGBT

On the basis of train type, railway traction inverter market can be segmented as:

  • Mainline
  • Metro
  • High Speed
  • Freight
  • Special

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Insights in the Report

  • Full in-depth analysis of the parent market
  • The analysts at FMI adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results. The study not only provides estimations and projections but also a clear evaluation of these figures on the market dynamics.
  • Important changes in market dynamics
  • The various insights in the study are based on extensive cycles of primary and secondary research the analysts engage with during research. The report covers an in-depth analysis of key changes in market dynamics in the recent past and the near future.
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets

Queries Solved

  • What are the size of the overall Railway Traction Inverter Market in the Automotive market and its segments?
  • What are the key segments and sub-segments in the market?
  • What are the key drivers, restraints, opportunities, and challenges of the Railway Traction Inverter Market in the Automotive market, and how they are expected to impact the market?
  • What are the attractive investment opportunities within the Railway Traction Inverter Market in the Automotive market?
  • What is the Railway Traction Inverter Market in Automotive market size at the regional and country-level?
  • What are the key market players focusing on?
  • What are the strategies for growth adopted by the key players in Railway Traction Inverter Market in the Automotive market?
  • What are the recent trends in Railway Traction Inverter Market in the Automotive market? (M&A, partnerships, new product developments, expansions)?
  • What are the challenges to the Railway Traction Inverter Market in Automotive market growth?
  • What are the key market trends impacting the growth of the Railway Traction Inverter Market in the Automotive market?

Table of Content

  • Executive Summary
  • Market Overview
  • Key Success Factors
  • Global Railway Traction Inverter Market – Pricing Analysis
  • Market Background

Reasons to Buy the report

  • Our industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition.
  • We provide detailed market segmentation, with insights and reports that other companies fail to fetch.
  • We provide the most accurate analysis of the market and its trends because the data collected are from highly reliable sources.

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.

Contact:
Future Market Insights,
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United Arab Emirates
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For Media Enquiries: press@futuremarketinsights.com
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MEA Rough Terrain Cranes Market is set to grow at CAGR of 5.3% through 2026 | The Manitowoc Company, Inc., Tadano Ltd., And Technology Co., Ltd.

The latest market outlook titled “Rough Terrain Cranes Market: Middle East and Africa Industry Analysis and Opportunity Assessment, 2016–2026” by Future Market Insights offers imperative insights into the Middle East and Africa rough terrain cranes market for the forecast period 2016-2026.

The overall long-term outlook on the growth of MEA market for rough terrain cranes remains optimistic, with the market projected to grow at a promising CAGR of 5.6% through 2026. Over the assessment period, MEA market for rough terrain cranes will gain nearly 100 BPS, reaching a market size of over US$ 231 Mn by 2026 end. GCC countries currently account for a significant share of the MEA market – this will remain the trend throughout the forecast period. The next largest markets include South Africa, Israel, and Turkey, which is anticipated to be closely followed by the rest of MEA.

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Key research findings strongly influencing the market growth

  • High initial capital and expensive maintenance continues to fuel preference for rental cranes over new crane sales.
  • Lucrative opportunities abound in the high lifting capacity cranes i.e. > 100T capacity segment.
  • Application in fracking pipe yards, transmission distribution lines, and tank firms will unlock new revenue generation opportunities.
  • Implementation of automation and advanced telematics are identified to be the top influential developments.
  • Focus on enhanced operator comfort and efficient fuel economy underpins introduction of new features in rough terrain cranes.
  • GCC will remain the largest market in rental as well as new sales of rough terrain cranes within MEA.
  • Maximum new sales will be registered in Turkey over 2016-2026.
  • African countries will account for significant demand owing to rapidly developing power generation and distribution infrastructure, and burgeoning mining activities.

The market has been segmented for in-depth analysis over 2016-2026, into MEA rough terrain cranes market – new sales and MEA rough terrain cranes market – rental. While market for rental rough terrain cranes is likely to witness a CAGR of 5.3% reaching a value worth US$ US$ 247.4 Mn in 2026, market for new sales of rough terrain cranes is expected to reach US$ 142.0 Mn by 2026-end, expanding at a healthy CAGR of 5.9% over the assessment period.

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MEA Rough Terrain Cranes Market – Rental

Future Market Insights expects this market to reach US$ 248 Mn in 2026.

  • On the basis of lifting capacity, the highest growth will be observed in > 100 tonnes capacity segment.
  • 50-75T capacity segment will continue to dominate the market throughout the forecast period.
  • 75-100T capacity segment will possibly exceed revenues of US$ 68 Mn in 2026, accounting for more than 27% share of the entire market revenues at the end of forecast period.
  • By boom length, 25-35 metre segment is projected to remain dominant with a major revenue share contribution of over 43% in 2026. Despite a relatively lower CAGR over 2016-2026, this segment will be evaluated at around US$ 107 Mn in 2026.
  • 35-50 metre segment will retain the second largest segment position with estimated revenue sales worth US$ 80 Mn in 2026, capturing over 31% share of the market value. This segment is expected to demonstrate the fastest growth at a CAGR of 5.6%.
  • Based on country, GCC will continue its monopoly with over 60% value share by the end of forecast period, eventually approaching US$ 150 Mn by 2026 end.
  • South Africa and Israel will be the next largest markets, whereas the rest of MEA and Turkey will witness higher growth rates of over 7%.

Market segmentation

To understand and assess opportunities in the Middle East and Africa rough terrain cranes market, we have divided the report into four sections based on market segmentation as under:

By Lifting Capacity

  • Upto 25 Tonnes
  • 25.1 to 50 Tonnes
  • 50.1-75 Tonnes
  • 75.1-100 Tonnes
  • More than 100 Tonnes

By Boom Length

  • Upto 25 meters
  • 25.1-35 meters
  • 35.1-50 meters
  • More than 50 meters

By Sales Channel

  • New Sales
  • Equipment Rental

By Country

  • GCC
  • Israel
  • Turkey
  • South Africa
  • Northern Africa
  • Rest of Middle East and Africa

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MEA Rough Terrain Cranes Market – New Sales                    

This market, according to Future Market Insights, will account for the revenues of nearly US$ 142 Mn by 2026-end.

  • By lifting capacity, 50-75T capacity segment is projected to attract the maximum revenues.
  • 75-100T capacity segment is likely to account for over 28% market value share in 2026.
  • > 100T capacity segment is predicted to witness the highest CAGR resulting in almost exponential growth in sales revenues over 2016-2026.
  • In terms of boom length, 25-35 metre segment will continue to dominate through 2026, accounting for more than 43% value share.
  • > 50 metre segment will be the fastest growing segment, exhibiting an impressive CAGR of 6.7%, resulting into twofold growth of the market over 2016-2026.
  • Country-wise, GCC will retain dominance, followed by South Africa. While the former is foreseen to attract over US$ 81 Mn in terms of 2026 revenues, the latter will reach over US$ 20 Mn in 2026.
  • GCC reaffirms the leading position with around 58% value share in 2026, whereas the rest of MEA, North Africa, and Turkey are expected to witness higher CAGRs over the assessment period.

Among the leading players in the MEA rough terrain cranes market, Terex Corporation is identified to hold the most prominent share of over 21% in terms of new sales. Other leading companies include The Manitowoc Company, Inc., Tadano Ltd., Zoomlion Heavy Industry Science And Technology Co., Ltd., Liebherr Group, Xuzhou Construction Machinery Group Co., Ltd., Sany Heavy Industry Co., Ltd., and KATO WORKS CO., LTD.

Top Reports Related To Automotive Market Insights

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

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

About FMI

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

Contact

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
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Automotive Aftermarket is expected to grow at 8.7% CAGR over the following decade 2021-2031

The automotive aftermarket in ASEAN is reeling from the COVID-19 impact, however, recovery is likely to be more immediate compared to European and American counterparts, according to a latest study.

Future Market Insights (FMI), an ESOMAR-certified market research firm, in an updated edition of its report, revised the forecast to 8.7% CAGR. This revised forecast takes into account sluggishness induced by the global pandemic.

Key Takeaways of ASEAN Automotive Aftermarket Market Study

  • The ASEAN automotive aftermarket market is expected to grow at 8.7% CAGR over the following decade
  • Demand for automotive aftermarket services to surge from low commercial vehicles (LCV) segment
  • Tires and batteries leading categories in terms of total sales

“Automotive manufacturers are increasingly relying on silicon anode batteries to power electric vehicles (EV), given their greater energy density and better battery life. As such, these batteries are gaining huge traction among OEMs,” says FMI analyst

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COVID-19 Impact on ASEAN Automotive Aftermarket Market

The growth of ASEAN automotive aftermarket market is linearly associated with the regional automotive industry. While the shockwaves of the COVID-19 pandemic are certainly felt across every sector, the automotive industry in ASEAN is potentially facing a significant grunt of it.

While the regional industry was already under pressure, especially in Indonesia and Thailand, acute supply chain disruptions due to COVID-19 outbreak in China is further worsening the situation.

Recent estimates reveal that the ASEAN automotive industry recorded a steep 42% decline in sales during January-May period in 2020. While Philippines topped the chart with 51.1% drop in sales, Malaysia and Indonesia registered 48.9% and 41.2% sales drop respectively. The ASEAN automotive aftermarket market, in turn, is stumbling from these reverberations.

Self-inflating Tires for Better Efficacy in Existing and Futuristic Cars

Over or under-inflated tires diminish fuel efficiency and range for conventional and electric vehicles (EV). As such, companies such as Continental AG have developed self-inflating tire concept that maintains pressure at preferred levels. The technology – C.A.R.E (Connected Autonomous Reliable Electrified) – is closely aligned with the requirements of e-mobility and autonomous driving.

The tires feature in-built pumps attached in the wheels that ensure the tire pressure remains in optimal range for efficiency. This technology is expected to help reduce CO2 emissions as well as slight improvement in average fuel economy. Majority of vehicle owners are focusing on leveraging self-inflating tires concept in a bid to avoid unnecessary maintenance expenses.

ASEAN Automotive Aftermarket Market – Competitive Intelligence

The ASEAN automotive aftermarket market is fairly competitive with, leading players capturing around 30% of the overall market value.

Most of the automotive aftermarket repair service providers in ASEAN countries fail to facilitate customers with a wide range of maintenance and repair services. Consequently, shop owners are focusing on offering specific services, or expanding their service radar. Moreover, small-scale players are forming partnerships with fleet operators and leasing firms to provide optimum maintenance and replacement services at cost-effective prices.

Find More Valuable Insights on ASEAN Automotive Aftermarket Market:

FMI, in its new market research study, delivers an unbiased analysis of the ASEAN automotive aftermarket market which comprises global industry analysis for 2015–2019 and opportunity assessment for the 2020–2030. The report provides complete analysis on ASEAN automotive aftermarket market through three different categories – by category, by vehicle type, and region. The global ASEAN automotive aftermarket market study offers insights of pricing by different life cycle analysis, product life cycle, key market trends and technologies that are being implemented in the development of the ASEAN automotive aftermarket and product adoption in various end-use industries.

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ASEAN Automotive Aftermarket Segmentation

To understand and assess opportunities in the ASEAN automotive aftermarket, we have divided the report into three sections based on market segmentation as under:

By Category

  • Parts
    • Tires
    • Batteries
    • Filters
    • StartersandAlternators
    • Lighting
    • Exhaustcomponents
    • Sparkplugs
    • Lubricants
    • Collisionbody
    • Wear and Tear Parts
  • Accessories
    • Interior
    • Exterior
  • Services
    • General automotive repair
    • Automotive transmission and others

By Vehicle Type

  • Passenger cars
  • Commercial Vehicle

By Country

  • Malaysia
  • Indonesia
  • Philippines
  • Vietnam
  • Singapore
  • Thailand
  • Rest of ASEAN

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ASEAN Automotive Aftermarket Market Outlook & Key Findings

  • The ASEAN automotive aftermarket market is expected to click US$ 19.4 Bn in 2020
  • Manufacturers to reap substantial revenues from automotive aftermarket parts through 2030
  • Passenger cars continues to account for greater demand for automotive aftermarket services over the decade ahead
  • Malaysia, Indonesia, and Thailand to collectively capture over 80% of overall market value

Top Reports Related To Automotive Market Insights

Off-Highway Vehicle (OHV) Telematics Market : As per the FMI’s study, off-highway vehicle (OHV) telematics market is poised to expand at an impressive 15.40% CAGR during the assessment period of 2021 and 2031. The market valuation will reach US$ 424 Mn in 2021.

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.

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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