Market Research Blog

In the recent years, automobile market has grown significantly in terms of sales, with considerable growth in the luxury cars segment. This is one of the reasons why the global auto ventilated seats market is also expected to witness gradual growth during the forecast period. This growth is attributed to increasing demand for luxury cars, increasing disposable incomes, and technological advancements in seat ventilation feature to be offered with mid-size and economy cars. According to the newly published report published by Future Market Insights, “Auto Ventilated Seats Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),” the global auto ventilated seats market is expected increase from US$ 5,931.50 Mn in 2017 to US$ 10.63 Bn by 2027 end, representing a CAGR of 6.2% from 2017 to 2027. This increasing revenue growth is attributed to continuous adoption of seat comfort features, and increasing number of luxury cars throughout the globe. Moreover, increase in the number of aftermarket providers is also supporting the growth of this market.

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Global Auto Ventilated Seats Market: Drivers

The global market for auto ventilated seats is witnessing growth due to high adoption of seat comfort features across all categories of passenger cars.

• Increasing focus on comfort-driven experience and rising demand for transport
• Increasing vehicle population and enhanced driving performance
• Manufacturers focusing on manufacturing noise free auto ventilated seats
• Preference of ventilated seats due to risk of injuries due to heated seats
• High demand for comfortable transportation modes
• New technologies and upgrading material supplied by automotive manufacturers

Global Auto Ventilated Seats Market: Forecast by End User

This segment includes two segments such as OEM and Aftermarket. OEMs segment is anticipated to witness high market attractiveness index over the forecast period. In terms of value, OEMs segment is projected to be the most attractive in the global auto ventilated seats market during the forecast period. In 2017, OEMs segment is estimated to be valued at US$ 4,755.30 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Global Auto Ventilated Seats Market: Forecast by Fan Type

On the basis of fan type, global auto ventilated seats market segmented into radial fans and axial fans. In terms of value, axial fans segment is projected to be the most attractive in the global Auto Ventilated Seats market during the forecast period. Axial fans segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 6.4% during the forecast period. In 2027, radial fan segment is estimated to be valued at US$ 5,328.0 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

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Global Auto Ventilated Seats Market: Forecast by Vehicle Type

On the basis of vehicle type, global auto ventilated seats market is segmented into economy cars, mid-size cars, and luxury cars. Mid-size cars segment is expected to register moderate Y-o-Y growth rate throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 7.58% during the forecast period.

Global Auto Ventilated Seats Market: Forecast by Region

Seven regions have been covered in this report – North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan, and MEA. North America is projected to be the most attractive market in the global Auto Ventilated Seats market during the forecast period. APEJ market is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this market is expected to expand at a CAGR of 9.46% during the forecast period. In 2017, North America market is estimated to be valued at US$ 1,808.92 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period.

Key market segments covered in this report

Vehicle Type

• Economy Cars
• Mid-size Cars
• Luxury Cars

End User

• OEMs
• Aftermarket

Fan Type

• Axial Fan
• Radial Fan

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Global Auto Ventilated Seats Market: Key Players

Adient PLC, Bharat Seats Limited, Brose Fahrzeugteile GmbH & Co. KG, Continental A.G., Delta Kogyo Co., Ltd., DURA Automotive Systems, LLC., ebm-papst Mulfingen GmbH & Co. KG, Faurecia SA, Gentherm Incorporated, I.G. Bauerhin GmbH, Kia Motors America, Inc., Laird, PLC, Lear Corporation, Magna International, Inc., NHK Seatings of America, Inc., Sitech Sitztechnik GmbH, TACHI-S CO., LTD., Toyota Boshoku Corporation, TS Tech CO., LTD., and Woodbridge Foam Corporation are some of the competitive landscapes in the global auto ventilated seats market.

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.

The demand for highly fuel-efficient automotive systems and increasingly stringent emission standards implemented by governments around the world drives the growth of the gasoline direct injection market. The market is estimated to grow at an exponential rate of over 14% through the forecast period 2021 – 2031.

Adoption of gasoline direct injection systems can be largely accounted for by commercial and passenger vehicles, with major manufacturers such as Ford, BMW, Daimler, and more incorporating relevant technologies in mid to high end gasoline vehicles.  Major market players are focused on research towards technology improvements.

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Fuel injector systems are estimated to hold major market share owing to the demand for high levels of precision for efficient fuel combustion. Improved control over exhaust emissions and air-fuel mixtures, and real-time monitoring of fuel regulators in terms of delivery pressure will contribute to demand in the long term. This is especially true with the increased incorporation of electronic control units in the automotive sector.Developments in the industry covering flexibility in multiple input and output channels for better signal transfer will aid in the proliferation of gasoline direct injection systems.

Particulate emission reduction research will also gain ground in the near future.Despite high demand in the industry, market players face a number of challenges that could impact sales and revenue in the coming decade. For instance, gasoline direct injection systems are relatively cost-prohibitive owing to the use of high-pressure parts in the system. Furthermore, post combustion particulate emissions remain a challenge for manufacturers. Also, the growing popularity of electric vehicles in the automotive sector is an obstacle that is likely to hinder sales and revenue generation in the market in terms of long-term market prospects.

Key Takeaways in the Gasoline Direct Injection (GDI) Market Study

• The global gasoline direct injection market will rise at around 14% CAGR between 2021 and 2031.
• Rapid growth of automotive production rates in China and India, drives a relatively higher rate of growth in the industry of the Asia Pacific excluding Japan market.
• Steady rise in volume of vehicle production and growing focus on maintenance and aftermarket services have been driving growth in the United States.
• Following a moderate slump, sales are expected to recover in the Germany and France markets, driven by high fuel economy technologies.
• Strict implementation of stage 6 emission standards in terms of new vehicle registrations drive adoption and sales of gasoline direct injection technologies in the United Kingdom.

“The global gasoline direct injection (GDI) system market is projected to witness a high growth rate during the forecast period owing to benefits such as improved engine performance, engine downsizing, high fuel efficiency, thermal efficiency, and major reductions in emission volumes, which will continue to gain traction with the imposition of increasingly stringent regulations,” says the FMI analyst.

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Key Segments

Stroke Type

• 2 Stroke
• 4 Stroke

Vehicle Type

• Compact Vehicle
• Mid-Sized Vehicle
• Premium Vehicle
• Luxury Vehicle
• Commercial Vehicle
• Heavy Commercial Vehicle

Sales Channel

• OEM
• Aftermarket

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Who is Winning?

The global gasoline direct injection market is moderately fragmented with a number of regional players contributing to the industry. Major players in the market are likely to invest extensively in new technologies and research & development efforts to consolidate their market position.

The gasoline direct injection market is expected to grow exponentially during 2021 to 2031. As a rapidly growing market, companies are likely to gain impetus from changes arising from strict emission standards and regulations being implemented around the world.

Over the forecast period of 2021-2031, the global engine control unit market is expected to grow at a CAGR of 4.6%, finds Future Market Insights (FMI) in its latest study.

The global engine control unit industry is expected to grow significantly throughout the forecast period owing to rising demand for automobiles, technological advancements in the production of low-cost engine control units, and increasing demand for next-generation features in vehicles.

A key element driving the engine control unit market is government restrictions encouraging lower fuel consumption and public demand for better vehicle efficiency.

The expansion of the global engine control unit is due to an increase in vehicle production, government mandates on vehicle fuel economy, and the rising availability of fuel injections. Also, expansion of gasoline market will contribute towards global engine control unit’s growth.

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Key Takeaways from Market Study

• By product type, gasoline ECUs are projected to account for more than three-fourth of global sales in terms of volume.
• c are expected to account for over 70% of engine control unit demand. The increasing demand for better fuel efficiency and focus towards curbing carbon footprint among passenger car owners will support growth in this category.
• East Asia is estimated to hold more than one third of the global market. The expansion of the automotive sector and the presence of some of the leading manufacturers in this region are driving the market.
• South Asia Pacific is projected to be the fastest growing market, exhibiting growth at little below 5.5% CAGR.
• China to account for around one-fourth of the worldwide engine control unit sales.
• The OEM segment will account for nearly 90% of all the engine control unit sold.

“The demand for engine control units will surge as car sales increase and more people seek improved fuel efficiency and lower emissions. Manufacturers are buoyed by changing consumer behavior to integrate technological advancements. Overall the engine control unit business is predicted to benefit from low-cost parts manufacturing in South and East Asia, as well as the development of new transit corridors,” said a lead analyst at FMI.

Engine Control Unit Market Competitive Landscape

The market has been described as consolidated. Some of the leading market participants included in this report are Robert Bosch GmbH, Denso Corp, Hyundai Motor Company, Hitachi Ltd., United Automotive Electronic Systems Ltd, Mitsubishi Electric Corporation, Marelli Holdings Co., Ltd., Aptiv Plc., Cummins Inc, Cardone Industries Inc, ACDelco, Standard Motor Products Inc., Dorman Products Inc., Electronic Concepts & Engineering Inc., Westport Fuel Systems Inc, aditel Automotive Electronics Ltd. who account for a share of more than 76% of the market.

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Scope of Report

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	USD Million for Value and Units for Volume
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa
Key Countries Covered	US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa
Key Segments Covered	Product Type, Vehicle Type, Sales Channel, and Region
Key Companies Profiled	Robert Bosch GmbH Denso Corp. Hyundai Motor Company Hitachi Ltd. United Automotive Electronic Systems Ltd Mitsubishi Electric Corporation Marelli Holdings Co., Ltd Aptiv Plc Cummins Inc. Cardone Industries Inc. ACDelco Standard Motor Products Inc. Dorman Products Inc. Electronic Concepts & Engineering Inc. Westport Fuel Systems Inc. Taditel Automotive Electronics Ltd.
Report Coverage	Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Key Market Segments Covered

Product Type:

• Gasoline ECU
• Diesel ECU
• Natural Gas ECU

Vehicle Type:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Sales Channel:

• OEM
• Aftermarket

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Key Points Covered in Engine Control Unit Market Survey

• Engine control unit market demand outlook for 2021-2031
• Insights into drivers and restrains affecting ECU sales
• Engine control unit market category and segment-level analysis
• Competition mapping and benchmarking
• Engine control unit manufacturing trend analysis
• Product Innovations and regulatory climate
• Post COVID-19 consumer spending on engine control units
• Recommendation on key winning strategies

Future demands for automotive engine valves will be firmly driven by trends such as reduction in exhaust emissions and oil consumption, declining sulphur content in diesel fuel, and phasing out of leaded petrol. Such factors may create implications in production and design of automotive engine valves. Leading automakers will also seek newer materials for manufacturing engine valves with higher durability and greater sustenance to heat. With increasing adoption of alternative fuels, future requirements of automotive engine performance will change the dynamics of valve manufacturing.

An exclusive forecast report published by Future Market Insights anticipates that the global automotive engine valves market will soar at a steady CAGR of 5.2% during the forecast period, 2017-2022. The report also assesses that automotive engine valves worth over US$ 6.2 billion will be sold globally by the end of 2022. The steady demand for automotive engine valves will be factored by their essentiality in proper functioning of automobile engines, and their influence in enhancing the vehicle’s performance under diverse conditions.

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Although, hollow valves will register a below-average demand over the next five years

While the overall sales of automotive engine valves will be incurring a steady demand through 2022, the demand for hollow valves is likely to dwindle. Compared to bimetallic and monometallic valves, hollow valves will be garnering low uptake owing to their conventional drawbacks. Tests show that performance of engines equipped with hollow valves gets lowered when hollow valve stems absorb more heat than threshold. The tendency of hollow valves to overheat and burn in the absence of adequate cooling continues to factor their declining demand. Over the forecast period, hollow valves are anticipated to reflect a subpar CAGR of 4.7%, indicating a moderate growth in demand.

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Key insights offered in the report

• In 2017, monometallic valves being sold in the global market will reap over US$ 1.5 billion in revenues
• Compact passenger cars will be observed as a leading vehicle segment in the market, followed by mid-sized passenger cars and light commercial vehicles
• Titanium materials are forecasted to incur sluggish CAGR through 2022
• By 2022-end, aftermarket sales of automotive engine valves will bring in revenues worth over US$ 5 billion, globally

In 2017, Europe is poised to procure nearly one-fourth share of global revenues. The report also projects that the Asia-Pacific excluding Japan (APEJ) region will be the largest market for automotive engine valves. By the end of 2022, the APEJ automotive engine valve market is anticipated to reach a value of US$ 2.2 billion. North America’s automotive engine valve market is also expected to soar at a steady CAGR, while sales of automotive engine valves in Japan will reflect a moderate growth.

Changing landscapes of automobile engineering will continue to foment considerable alterations in the manufacturing of automotive engine valves. New designs will be reviewed and tested, while conventional valves will be upgraded for boosting their performance abilities. The report observes that companies namely, Knorr-Bremse AG, FTE automotive GmbH, Hitachi Ltd., FUJI OOZX Inc., Mahle Group, Eaton Corporation Plc., Federal-Mogul Holdings Corp., Denso Corporation, Continental AG, and Delphi Automotive PLC will remain active in expansion of the global automotive engine valve market through 2022. These companies are anticipated to capture new materials and innovative production techniques to insure the valves from their existing defects.

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). Among the battery types, the lead-based battery segment in the electric bike market is expected to expand at a CAGR of more than 3% in terms of value over the forecast period.

The global market for battery electric bike is estimated to represent a total increment opportunity of 6.1 Bn from 2017 to 2027. Asia Pacific excluding Japan (APEJ) is estimated to account for a value share of 81% in the global electric bike market by the end of 2017, and is also expected to dominate the market during the forecast period. In this report, FMI throws light on the drivers and restraints likely to impact the electric bike market during this period.

Adoption of Clean Technology Expected to Boost the Electric Bike Market

Government agencies are focusing on electro-mobility and reducing pollution, hence, zero emission vehicles are being increasingly promoted through attractive incentives and schemes. This has led to an enhanced focus on electric bikes and thus, a significant increase in the sales of electric bikes is expected over the forecast period. Apart from curbing air pollution, electric bikes also help reduce the level of noise pollution.

Growth in the transportation sector has severely depleted non-renewable petroleum reserves, and this has increased the prices of fuel. Fuel prices are expected to increase exponentially in the coming years as crude oil reserves will be reduced, which will pave the way for the growth of vehicles running on alternate sources of energy.

Moreover, the prices and consumption of petroleum products as fuel in the automotive sector is growing day by day, and to reduce the global consumption of the same, manufacturers and governments are promoting the usage of electric bikes as they are far more fuel-efficient compared to conventional automobiles. These factors are estimated to enhance the electric bike market.

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Segmentation Analysis of the Electric Bike Market
The electric bike market is segmented on the basis of product type, battery type and technology.
• Pedelecs is expected to be the most prominent segment in terms of volume and value over the forecast period. The pedelecs sub-segment of the electric bike market is estimated to grow at a CAGR of 3.2% in terms of value over the forecast period. Pedelecs are expected to represent a total incremental opportunity of US$ 3.9 Bn between 2017 and 2027 in the electric bike market. The electric scooter and motorcycle sub-segments are projected to grow at a relatively low CAGR as compared to pedelecs over the forecast period

• The most prominent battery type in the electric bike market is estimated to be the lead-based battery. The lead based battery segment is estimated to grow at a steady CAGR over the forecast period in the electric bike market
• The battery electric scooter segment is the most prominent technology segment in the electric bike market. It is estimated to account for more than 80% of the electric bike market throughout the forecast period.

Regional Market Projections of the Electric Bike Market
The electric bike market in APEJ is expected to represent a significantly high incremental opportunity between 2017 and 2027. The electric bike market in APEJ is expected to represent a total incremental opportunity of US$ 6.1 Bn between 2017 and 2027.

Electric Bike Market Participants
This report highlights some of the top companies operating in the electric bike market, which include ECCITY Motocycles, Hero Electric Vehicles Private Limited, Gogoro Inc., GOVECS GmbH, Vmoto Limited, Honda Motor Co. Ltd., Piaggio & C. SpA, Terra Motors Corp., Bayerische Motoren Werke AG, Jiangsu Xinri E-Vehicle Co. Ltd., Giant Manufacturing Co. Ltd., Emotion Bikes USA, Pedego Electric Bikes, Volt, Energica Motor Company S.p.A., Zero Motorcycles, Inc., Mahindra Genze, Derby Cycle and Accell Group.

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Key Segments Covered in the Electric Bike Market Report
On the basis of product type, the electric bike market can be segmented into:
• Electric Scooter
• Electric Motorcycles
• Pedelec
On the basis of battery type, the electric bike market can be segmented into:
• Li-Ion
• NiMH
• Lead-based
On the basis of technology, the electric bike market can be segmented into:
• Plug-In
• Battery
On the basis of region, the electric bike market can be segmented into:
• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Japan
• Middle East & Africa (MEA)

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Top Reports Related To Automotive Market Insights

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

A recent research report delivered by Future Market Insights (FMI) has projected the global market for automotive ABS and ESC to exhibit an undulating expansion over the forecast period, 2017 to 2022. Global sales of automotive ABS and ESC has been estimated to surpass US$ 100,000 Mn in revenues by 2022-end.

The automotive industry is currently being propelled by hi-tech innovation, being more inclined toward adoption of advanced technologies for reducing crashes and mitigating impact of accidents on passengers. Automotive safety systems, such as ABS and ESC, are therefore gaining immense traction among consumers across the globe. Leading manufacturers of ABS and ESC systems are adopting strategic approaches such as mergers & acquisitions and new product launches, with an aim of expanding their product line and maintaining their instrumental position in the market.

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Europe and North America – Most Lucrative Markets for Automotive ABS and ESC

In regions such as Europe and North America, automotive ABS and ESC systems have a high penetration rate and are well established. In terms of revenues, Europe and North America will continue to be the most lucrative market for automotive ABS and ESC. The market in North America is projected to register the highest CAGR through 2022.

Asia-Pacific excluding Japan (APEJ) is also expected to be a major lucrative market for automotive ABS and ESC, with revenues estimated to exceed US$ 25,000 Mn in revenues by 2022-end. Growth of the automotive ABS and ESC market in APEJ can be highly attributed to increasing consumer preferences for better safety systems in vehicles, along with the introduction of legislation & policy framework that mandates integration of safety equipment in vehicles.

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OEMs to Account for Over 90% Revenue Share of Global Automotive ABS and ESC Market during 2017 to 2022

Automotive braking systems with improved vehicle safety and requirement of minimum maintenance, such as the ABS and ESC, introduced by OEMs have created the breakthrough developments in the market. OEMs will account for over 90% revenue share of the automotive ABS and ESC market during 2017 to 2022.

Whether in light of outlaw status of ABS and ESC, or street market liability concerns in most of the vehicles, aftermarket has failed so far in developing even a basic ABS or ESC system. However, sales of ABS and ESC systems in aftermarket are projected to register an above-average expansion through 2022, although estimated to account for a very low revenue share of the market over the forecast period.

Compact Vehicles to Account for Nearly One-Third Market Revenue Share throughout the Forecast Period

Sales of automotive ABS and ESC are forecast to register the fastest expansion in compact vehicles, followed by light commercial vehicles and heavy commercial vehicles. Nearly one third revenue share of the market is projected to be accounted by automotive ABS and ESC sales in compact vehicles throughout the forecast period. In addition, sales of automotive ABS and ESC in mid-sized vehicles are also projected to record a robust expansion through 2022.

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ESC technology in the global automotive ABS and ESC market will remain preferred among consumers. Revenues from sales of ESC technology in vehicles are forecast to account for nearly one-fourth share of the market in 2017. Demand for ESC technology will further witness an upsurge over the forecast period. The largest revenue share of the market has been anticipated to be accounted by three channel ABS technology, with sales poised to expand at approximately 10% CAGR through 2022. Sales of four channel ABS technology will continue to witness a relatively slower expansion than three channel ABS and ESC technology segments through 2022.

Market Taxonomy

Region

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

Technology Type

• Three Channel ABS
• Four Channel ABS
• ESC

Vehicle Type

• Compact Vehicle
• Mid-Sized Vehicle
• Premium Vehicle
• Luxury Vehicle
• Commercial Vehicle
• Heavy Commercial Vehicle

Sales Channel

• OEM
• Aftermarket

As per ESOMAR-certified consulting firm Future Market Insights’ (FMI’s) recent market analysis, growth is on the cards for the global automated guided vehicles (AGV) market. The report forecasts the market valuation to reach US$ 996 Mn in 2021, growing at an impressive 7.9% CAGR through 2031.

Rapid urbanization and adoption of industrial automation within logistics, transportation, and healthcare industry across the globe will propel sales. Owing to the growing need of automation, the market experienced year-on-year growth at 5.4% in 2020-21.

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Growing automation in material handling solutions will enhance growth prospects during the forecast period. Also, laser-guided AGVs will gain immense popularity among manufacturers as they offer greater precision and reliability.

Reduction in labor costs, human errors, and round-the-clock accessibility of AGVs are key factors increasing the adoption within end-use industries.

Expansion of automotive, consumer goods, retail, and oil & gas industries in developed countries such as the U.S., the U.K., and Germany will continue to boost sales. This will allow AGV manufacturers to focus on capacity expansion, creating growth opportunities over the coming years.

Expansion of production facilities across India, China, South Korea, and Brazil also will boost the AGV sales. Deployment of AGVs to streamline operations with reduced costs and added productivity will also aid the growth in these economies.

“Growing need for industrial automation is expected to boost the adoption of AGVs over the coming years. With increasing adoption of AGVs within automotive, healthcare, logistics, and e-commerce industry, key players will witness lucrative growth opportunities during the forecast period,” says the FMI analyst

Key Takeaways from Automated Guided Vehicle Market Survey

• In terms of technology, laser-guided AGVs will dominate the segment due to their highly accurate navigation systems.
• Based on end-use, logistics sector will generate high demand for automated guided vehicles.
• Increasing application in transportation will foster the AGV sales during the forecast period
• Tow vehicles will emerge as the most preferred vehicle type in the automated guided vehicle market.
• The U.S. is projected to witness high demand for automated guided vehicles, owing to the presence of various end-use industries.
• The U.K. will showcase a positive demand outlook, due to expansions in the automotive and eCommerce industry.
• China will provide lucrative opportunities for AGV manufacturers due to high production volumes in manufacturing industries prevailing in the country.
• India will experience demand for automated guided vehicles, owing to the increasing adoption of industrial automation within logistics sector

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Competitive Landscape

JBT Corporation, Daifuku Co., Ltd., Kuka AG, Omron Adept Technologies, Inc., Kion Group AG, Oceaneering International Inc., Transbotics Corporation, AGVE Group, Inc., Seegrid Corporation, Murata Machinery, AVT Europe NV, SSI Schaefer, Toyota Industries Corporation, Cassioli Srl, Robotnik, Mecalux, S.A, Kollmorgen, Bastian Solutions, Inc., and E&K Automation GMBH are some top manufactures operating in the automated guided vehicle market.

As per FMI’s analysis, key manufacturers will account for approximately 43% of the total market share. Key strategies leveraged by players in the automated guided vehicle market include production facility expansions, coupled with strategic partnerships aimed at product innovation to support the growing demand for AGVs.

• In May 2021, Daifuku Co. Ltd. announced the establishment of a new production facility in Boyne City, Michigan. The production plant will facilitate the manufacturing of AGVs for airports, automotive, and eCommerce industries, including world-famous Amazon.
• In June 2021, Seegrid Corporation launched the new Tow Tractor Series 8 with enhanced features such as excellent navigation, extended field of view, and shorter clearance height for managing various cart trains. The product line features Smart Path technology, increasing the fleet’s ability to navigate safely and moving materials reliably in high-traffic facilities.

Automated Guided Vehicle Market by Category

By Technology Type:

• Laser Guidance
• Magnetic Guidance
• Infrared Guidance
• Wire Guidance
• Inertial Guided
• Optical Guided

By Application Type:

• Transportation
• Distribution
• Storage

By Vehicle Type:

• Unit Load Carrier
• Pallet Truck
• Assembly Line Vehicle
• Tow Vehicle
• Forklift Truck
• Light Load Transporters

By End Use:

• Logistics
• Healthcare
• Automotive
• Manufacturing
• Food & Beverages
• Aerospace

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Scope of Report

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	USD Million for Value
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa
Key Countries Covered	US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa
Key Segments Covered	Technology Type, Application Type, Vehicle Type, End-Use and Regions
Key Companies Profiled	JBT Corporation  Kuka AG, Daifuku Co., Ltd. Kion Group AG Omron Adept Technologies, INC. AGVE Group, Inc. Murata Machinery Transbotics Corporation Oceaneering International Inc. Seegrid Corporation Murata Machinery SSI Schaefer AVT Europe NV Cassioli Srl Toyota Industries Corporation Robotnik Kollmorgen E&K Automation GMBH BEUMER Group GmbH & Co. KG Mecalux, S.A Bastian Solutions, Inc.
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Key Points Covered in Automated Guided Vehicle Market Survey

• Market estimates and forecast 2021-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Automated Guided Vehicle Market and how to Navigate
• Recommendation on Key Winning Strategies

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 2019 – 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.

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.

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.

For More Details, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-3436

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.

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.