Sulphur Recovery Technology Market projected to grow at about 12% CAGR during the forecast period

Newly released data by Future Market Insights (FMI), projects that the sulphur recovery technology market will reach valuation of US$ 1.2 Bn by 2021 and is expected to grow at compound annual growth rate (CAGR) of 11% for 2021 – 2031. The increasing production of shale gas will accelerate the growth with top market players holding 2/5th of sulphur recovery technology market share in 2021.

Key Factors Shaping Sulphur Recovery Technology Market

Gas Sulphur Technology to Capture High Market Share

Increasing activities for exploration and production of shale gas are creating positive prospects, and are boosting demand for sulphur recovery technology units from refineries.

Major gas refining activities in the Middle East, Central Asia, and East Asia are increasing, leading to a rise in production of recovered sulphur from gas refining activities.

Stringent norms and regulations pertaining to regulations on sulphur are boosting the growth of the sulphur recovery technology market.

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Growth predictions remain positive for Europe due to increasing government expenditure on oil and gas industry and presence of leading market players in the U.K. and Germany. Spurred by this, the Europe sulphur recovery technology market is projected to grow at about 12% CAGR during the forecast period.

Increasing emphasis on regulations for reducing levels of sulphur in products and lower sulphur emissions has boosted demand for deployment of sulphur recovery technology units. The growing numbers of refinery projects across the world are anticipated to create vast opportunities for sulphur recovery technology manufacturers, as installation of their units in these plants will lead to significant profits.

Furthermore, increasing expansion projects across the world are expected to be a major factor contributing towards sales of global sulphur recovery technology.

According to the recent research report published by Future Market Insights, the sulphur recovery technology market is expected to exhibit an impressive CAGR of 11% during the forecast period of 2021-2031.

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Key Takeaways of Sulphur Recovery Technology Market Study

Increasing exploration and production activities, especially those associated with shale gas, led to high demand for sulphur recovery technology units from refineries. Production of recovered sulphur from gas refining activities is increasing significantly, attributable to the rise of major gas refining activities across the globe. In terms of plant capacity, there is a rising demand for sulphur recovery technology units with capacity of less than 100 t/d, owing to lower emission footprint, ease of upgradation, and relative cost-effectiveness as compared to other units. Stringent environmental regulations regarding emission of hydrogen sulfide mainly released during oil & gas extraction, treatment, transportation, and refining are boosting the demand for development of cost-effective desulphurization technologies. For instance, environment legislation of EU (European Union) sets the standards for oil & gas refineries industries in Europe.

The oil and gas production in prevailing refineries is expected to have a greater impact on the growth and development of the global sulphur recovery technology market in comparison to new refinery bases. In terms of value and volume, Europe and the MEA are identified as dominant regions throughout the forecast period. Increasing number of refineries projects in countries in Europe and MEA such as Saudi Arabia, Kazakhstan, and Russia, are expected to supplement the demand for sulphur recovery technology. These countries also have oil reserves, which in turn support the demand for sulphur recovery technology.

“APAC is one of the majorly profitable markets for players offering sulphur recovery technology, attributable to the establishment of new refineries to cater to growing demand for new gas refining units in the region,” says an FMI analyst.

Sulphur Recovery Technology Market: Competitive Landscape

The global sulphur recovery technology market has remained competitive with the presence of giant players having expertise in advanced manufacturing technologies, and product offerings for diverse applications.

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However, leading players account for nearly 2/5th of the global sulphur recovery technology market share. These players include

Royal Dutch Shell plc, Exxon mobil Corporation, Bechtel Corporation, Fluor Corporation, and Linde AG & Technip FMC plc.

Such key players are adopting strategies such as expansion, acquisitions, and product launches, and are creating challenges for small-scale players.

Key Segments Covered in Sulphur recovery technology Market Study:

Technology

Claus Process Tail Gas Treatment

Source of Recovery

Oil Gas Others

Capacity

<100 t/D 101-200 t/D 201-300 t/D >300 t/D

Region

Asia Pacific North America Latin America Europe MEA

Sulphur Recovery Technology Market Structure Analysis

The global sulphur recovery technology market is characterized as fragmented, on account of the presence of numerous international as well as regional players in the sulphur recovery technology market. Substantial investments in oil & gas industries by governments, as well as leading companies, for improvement of product and technologies are expected to improve growth prospects of the sulphur recovery technology market. Key participants in the sulphur recovery technology market include Bechtel Corporation, Linde AG, Royal Dutch Shell Plc, Exxon Mobil, Jacobs Engineering Group Inc, Technip FMC plc CB&I, Chiyoda Corporation, Worley Parsons Ltd, GTC Technology, and KT-Kinetics Technology SpA.

Automotive Bearing Market Expectations & Growth Trends Highlighted Until 2022

Automotive bearings are accountable for smooth, economical and frictionless running of automobiles. They are present in almost every part of the automobile to ensure movement safety, load handling as well as balance. Several types of bearings are used in automobiles. To name a few, thrust bearings, ball bearings, roller bearings, housed units, needle roller bearings, plummer blocks, plain bearings, spherical roller bearings, slim section bearings, ball thrust bearings, tapered roller bearings and specialized bearings are used. These bearings are made up of different material such as metal-polymers, engineered plastics, metals and bimetals and fibre reinforced composite. The growth of the automotive bearing market is driven by various aspects such as rising technological developments, increasing production of vehicles across the globe, increasing demand for advanced bearings from emerging economies, increasing use of bearings in luxury cars etc. However, high pricing and counterfeiting are main challenges faced by the global market for automotive bearings.

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The extensive research report on “Automotive Bearing Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)”, presented by Future Market Insights uncovers various facets of automotive bearings, analysis on their applications in different vehicle types, sales channel analysis, etc. According to the in-depth research analysis delivered in this research report, the global automotive bearing market is poised to grow at a CAGR of 4.9% throughout the period of assessment 2017-2022.

5 Key Highlights on Global Automotive Bearing Market

  • Ball thrust bearings segment by bearing type category to represent significant share in the coming years. This segment is also expected to gain a high BPS by the end of the assessment period and is poised to register a CAGR of 5.3% throughout the 2017-2022 period
  • Fibre reinforced composite segment by material type is expected to be the fastest growing segment during the assessment period. This segment is projected to reflect a high CAGR of 5.2% with a significant market share. It holds high potential in the coming years
  • Asia-Pacific excluding Japan (APEJ) region is the most lucrative region for the growth of the automotive bearing market. This region is ahead of other regions with respect to growth rate as well as market valuation during the period of assessment. This region is poised to register CAGR of 5.2% through 2017-2022
  • OEM segment by sales channel is expected to grow at a high pace during the assessment period. However, the aftermarket segment in this category, as of 2017, holds a high market share of 63.4%
  • Light commercial vehicles segment by vehicle type is a potential segment with respect to the use of automotive bearings and is expected to register the highest CAGR of 5.3% throughout the period of assessment

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Market segmentation

Region

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

Bearing Type

  • Ball Bearing
  • Roller Bearings
  • Ball Thrust Bearings
  • Roller Thrust Bearings
  • Tapered Roller Bearings
  • Specialized Bearings
  • Others

Material Type

  • Metal-Polymer
  • Engineered Plastics
  • Fiber Reinforced Composite
  • Metal and Bimetal

Sales Channel

  • OEM
  • Aftermarket

Vehicle Type

  • Compact Passenger Cars
  • Mid-sized Passenger Cars
  • Premium Passenger Cars
  • Luxury Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Two-Wheeler

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Key Player Profiles in the Global Automotive Bearing Market

The research report on global market for automotive bearings has included profiles of key players such as The Timken Company, Schaeffler AG, RKB Bearing Industries, NTN Corporation, NRB Bearings Ltd., Minebea Mitsumi Inc., JTEKT Corporation and ILJIN Bearing Co., Ltd.

Top Reports Related To Automotive Market Insights

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

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

About Future Market Insights (FMI)

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

Automotive Interior Ambient Lighting Systems MarketExpectations & Growth Trends Highlighted Until 2027

The 21st century can be considered an age of customization and individualization as customers seek to be different and aspire to own products that perfectly fit into their discerning lifestyles. Automotive OEM’s have taken cognizance of this and have begun to experiment with different types of automotive interior lighting systems. Future Market Insights has conducted an exhaustive study of the ‘Automotive Interior Ambient Lighting Systems Market: Global Industry Analysis 2012-2016 And Opportunity Assessment 2017-2027’ in its recently released report.

The automotive interior ambient lighting systems market is on track to witness a robust CAGR of 5.4% from 2017 to 2027.automotive interior ambient lighting systems came to ~2.7 million units in 2018, comparing the incomes worth US$ 28 Bn. As eco-friendliness, low outflow, and elite execution can presently don’t get the job done the advancing vehicle determination standards of shoppers, automakers keep on confronting tension of carrying out multi-layered methodologies, covering solace, style, and feel.

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The investigation discovers that makers are being circumspect of the way that inside surrounding lighting can be made ‘useful’ by impacting the state of mind, circadian rhythms, and readiness of drivers, along these lines upgrading the night-driving security and enthusiasm for vehicles.

OLED to Illuminate the Road Ahead

Advancement is probably going to come thick by quick supplanting the glowing lights with the entrance of LED innovation for the improvement of automotive interior ambient lighting systems. The investigation discovers that the reception pace of LED-based lighting frameworks will go about as a vital differentiator since they burn-through generously lesser energy than radiant and incandescent lamps of comparable splendor and defer the effect of time. As car industry works inside the restricted limits of guidelines, naturally harmless OLED lights will enlighten the fate of the automotive interior ambient lighting systems market.

The investigation discovers that later on, the choices will turn more complex with the surfacing of independent vehicles and IoT innovation to maintain the focal point of drivers flawless. Also, issues of force disappointment experienced with the joining of wired lightings have been prompting the advancement of battery-worked remote lighting frameworks, which is probably going to stay all around valued by mechanically side by side buyers. As automakers focus on the advancement of inside encompassing lighting frameworks by keeping customers at the middle, combination of motion acknowledgment surrounding lighting frameworks is expected to make an appealing relational word.

In the merged scene, automakers are propped to tune the opposition recurrence to a higher level by focusing on purchasers’ proclivity for premium and outwardly engaging vehicles. Producers center around advancing their development ability by mixing the best of the capabilities for upgrading the highlights of inside surrounding lighting frameworks. Notwithstanding, as quality includes some significant pitfalls, forgers working in the automotive interior ambient lighting systems scene track down the room to offer inferior quality frameworks at a less expensive rate. The patterns have particularly been seen in the agricultural nations of East Asia and South Asia, which is a urgent worry for automakers to address and overcome any barrier to contact more customers with real lighting frameworks.

The report believes that on the scenery of ecological speculation took on via automakers, coming of electro-portability will lead the development to high deals openings. What’s more, as shoppers gain astuteness regarding the security elements of automotive interior ambient lighting systems, the eventual fate of vehicles is probably going to stand tall at the convergence point of feel and wellbeing.

Conventional Motorcycles and Scooters Market Expectations & Growth Trends Highlighted Until 2027

A new report by Future Market Insights presents interesting insights into the global conventional motorcycles and scooters market and traces the growth of the market over a 10 year forecast period 2017 – 2027. The report titled ‘Conventional Motorcycles and Scooters Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027’ is a comprehensive take on the global conventional motorcycles and scooters market with detailed forecasts based on market taxonomy being an essential component of the research.

Product Type – Standard Motorcycles Popular in the Conventional Motorcycles Market

Standard motorcycles are very popular and are expected to gain a massive 390 BPS by the end of the forecast period. This can largely be attributed to their affordability, making them sought after by lower-middle class and middle-class customers. Standard motorcycles are almost half the global conventional motorcycles market in terms of absolute dollar opportunity.

Conventional Motorcycles and Scooters Market

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Product Type – Standard Scooters Dominate the Conventional Scooters Market

Standard scooters are easy to handle and convenient to ride, spurring their popularity with youngsters, women, and senior citizens. The volume of standard scooters is poised to exceed 26 million units by the end of 2027. An incremental dollar opportunity of approx. US$ 16 Bn exists in the standard scooters market for the decadal study.

Engine Capacity – Minimum Capacity Motorcycles Have Maximum Volume

The motorcycles with a cubic capacity of less than 150 CC have a market share of more than 3/4th the conventional motorcycles market and are predicted to retain this commanding position. These motorcycles offer their riders the best of both worlds by being able to strike the right balance between performance and fuel efficiency.

Engine Capacity – Up to 150 CC Scooters Largest Conventional Scooters Market Segment

Scooters with a cubic capacity of less than 150 CC are the focus area for key stakeholders in the conventional scooters market as they are able to eke out the maximum fuel efficiency for every drop of fuel. The less than 150 CC scooter segment is on track to record a CAGR of 4.3% from 2017-2027.

Region – APEJ Motorcycles Market Races Ahead in the Conventional Motorcycles Market

The fast-growing, dynamic economies of China, India, and Indonesia have millions newly entering the middle class and seeking out a means of personal mobility. These customers naturally gravitate towards motorcycles leading to this region being the most important by a considerable margin in the conventional motorcycles market. With unit sales approaching 43 million units by 2027, it is not surprising to see why.

Region – APEJ Scooters Market Largest in Conventional Scooters Market

The APEJ scooter market is larger than all other regions combined in the conventional scooters market and it is imperative that companies have a foothold in this crucial region. The highest growth is projected to be in the APEJ region causing its market share to rise from 87% to 89% by the end of the forecast period. All other regions should only grow by a single percentage point or lesser.

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Conventional Motorcycles and Scooters Market: Competition Dashboard

Future Market Insights has profiled some of the most prominent companies active in the conventional motorcycles and scooters market. These include Yamaha Motors Co., Piaggio, Suzuki Motor Corporation, Honda Motor Co., Hero Motocorp, Eicher Motors, Harley-Davidson, Bajaj Auto, TVS Motor Company, Lifan Industry, Ducati Motor Holding, KTM, Triumph Motorcycles, Kwang Yang Motor Co., Syarikat Motosikal dan Enjin Nasional Sdn. Bhd., Sanyang Motor Co., Walton Group, QianJiang Group Co., Luoyang Northern Ek Chor Motorcycle Co., and Chongqing YinXiang Motorcycle.

Important Insights on theConventional Motorcycles and Scooters Market

The bulk of the activity is seen in the APEJ region as a massive middle class is gravitating towards conventional motorcycles and conventional scooters because of their convenience and cost-effectiveness over four-wheelers. Large players are entering into tie-ups with local distributors and vendors to cater to the demand from far-flung areas, thereby expanding their potential customer base.

Automotive Steering System Market Expectations & Growth Trends Highlighted Until 2030

Increasing use of advanced technology, such as sensors and traction control systems is boding well for the growth of the global automotive steering system market. However, according to an FMI study, the COVID-19 pandemic continues to obstruct automotive production activities, worldwide, as some of the most affected countries house major automotive production hubs, such as Germany, the UK, India, and the U.S. The pandemic is likely to have a measurable impact on consumer demand in the short term, with automotive sales in Germany registering a 40% drop in Q1 of 2020. Tier-2, and especially tier 3 suppliers of automotive steering systems are poised to get adversely affected by pandemic-related disruptions.

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The global automotive steering system market is likely to experience a V-shape recovery growth curve, owing to an increase in automotive production in emerging countries such as China, Mexico, and India. As such, the market will witness rapid resurgence post containment of the COVID-19 pandemic.

The global automotive steering system market was valued at US$ 22 Bn in 2019, and is projected to exhibit a CAGR of 4% over the forecast period (2020–2030).

Key Takeaways of Automotive Steering Systems Study:

  • Active safety technologies such as antilock breaking systems (ABS) and electronic stability control (ESC) are becoming commonplace in the automotive sector for improved safety; thus, fueling the demand for automotive steering systems.
  • Increasing adoption of advanced technologies and power steering systems in mid-size, compact, and light commercial vehicles (LCVs) is expected to positively influence the automotive steering system market.
  • Electric power steering is expected to be highly preferred over other technologies, as it offers simplified tuning, packaging flexibility, and engine-off steering assist.
  • Key manufacturers in automotive steering system market are innovating automotive steering systems to increase control and stability by using sensors and traction control systems for the detection of vehicle skidding movements as well as to counteract them, which complements the safety features of automotive steering systems.

“Autonomous vehicles and connected cars are rapidly becoming mainstays, and are expected to pave the way for future-proof systems where computers would replace human drivers, thus creating positive growth prospects for players in the automotive steering system market. In addition, the ongoing COVID-19 pandemic is likely to alter how key players establish their supply chains in the coming years, where, putting more focus on decentralization is likely to happen.”

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Automotive Steering System Market Participant Insights

The global automotive steering system market is highly consolidated, with the top ten players in the market holding nearly 70% value share. Leading players are looking to expand their business operations in emerging markets and increase value-addition in their product offerings through portfolio rationalization.

Launching advanced products that offer umpteen operational benefits in tandem with fulfilling existing safety regulations will help key players achieve product differentiation as well as scale-up their presence in the global automotive steering system market.

Key Segment

Technology

  • Electronic Steering
    • H-EPS
    • C-EPS
    • P-EPS
    • R-EPS
  • Hydraulic Steering
  • Manual Steering
  • Electro-hydraulic Steering

Vehicle Type

  • Passenger Cars
    • Compact
    • Mid-size
    • Premium
    • SUVs
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

Region

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

Some of the key players mentioned in the automotive steering system market study are JTEKT Corporation, Nexteer Automotive Group Ltd, Showa Corporation, ThyssenKrupp AG, Hitachi Automotive System Ltd, Robert Bosch GmbH, and NSK Steering System Co. ltd.

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Report Metrics  & Details

  • Base Year – 2019
  • Historical Period – 2015-2019
  • Forecast Period – 2020-2030
  • Market Value in 2019 – US$ 22.8 Bn
  • Segments Covered – Technology, Vehicle Type, and Region
  • Regions Covered – North America, Latin America, Western Europe, Eastern Europe, South Asia & Pacific, East Asia, and the Middle East & Africa.
  • Key Companies – JTEKT Corporation, Nexteer Automotive Group Ltd., Showa Corporation, ThyssenKrupp AG, Hitachi Automotive System Ltd., Robert Bosch GmbH, and NSK Steering System Co. Ltd.
  • Growth Drivers –
    • Upsurge in automotive production
    • Increasing sales of electric vehicles
    • Rising adoption of connected technologies in automobiles

Automotive Tire Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2031

According to ESOMAR-certified Future Market Insights’ (FMI), demand for automotive tire is expected to rise considerably, enabling the automotive tire market to grow at 6.0% CAGR throughout the forecast period between 2021 and 2031.

Newly released data by Future Market Insights predicts the global automotive tire market to reach US$ 366,092 Mn in 2021. Despite stifled growth amid COVID-19 outbreak, the market is likely to recover, showcasing 5.6% year-on-year growth in 2021.

The radial tire sales is projected to surpass US$ 550 Bn between 2021 and 2031. Bridgestone, Michelin, Goodyear, Continental, and Pirelli are the leading market players and they are expected to collectively account for nearly 48% of global automotive tire market in 2021.

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With the dawn of new phase of industrialization “Industry 4.0”, spike in sales of lightweight and commercial vehicles is observed. Rising per capita income and improvement in standard of living have led to increase in sale of passenger cars and two wheelers.

Increasing trading activities have fueled the demand for high performance automotive tires for light and heavy commercial vehicles. These factors will drive the sales of automotive tires during the forecast period.

Increasing sales of electric vehicles and increasing efforts to reduce the carbon emission by developing low resistance tires with superior grip will boost the automotive tire market growth over the assessment period.

Some of the market players are developing green tires, which are manufactured using dispersible silica. These green tires offer superior wet grip and enhance vehicle stability and safety. The lightweight nature, low fuel consumption due to reduced rolling resistance, and high durability haves made green tires highly sought-after in the automotive industry.

Pandemic has led to closure of manufacturing facilities and slump in sales of automotives in 2020. Limited driving led to reduction in tire replacement and new tires sales which negatively influenced the market growth.

However the market is expected to recover post lockdown as people are switching to digital platform to ensure social distancing and limit the infection transmission. Through digital platform, the companies are able to provide doorstep tire replacement services with no hassle. These services are expected to provide a positive impetus for the growth of the automotive tire market post pandemic to 2031.

Key Takeaways from FMI’s Automotive Tire Market Study

  • North America market is anticipated to grow at 5.9% CAGR backed by increasing consumer spending on comfortable and more durable tires and rising sales of electric vehicles in U.S. and Canada.
  • Europe is expected to lead the automotive tire market, showcasing growth at 6.2% CAGR in 2021. The growth can be attributed to rise in passenger car production rate, presence of leading original equipment manufacturers, and high demand of custom tires by automakers in the region.
  • Soaring popularity of retread tires and rising partnerships between automakers and tire manufacturers to cater the consumer need will bolster growth opportunities.
  • Japan and South Korea will collectively account for around 12% of the global market share in 2021.
  • Radial automotive tires sales will soar as they offer high heat dissipation rate and long life. The radial automotive tire segment is expected to surpass US$ 550 Bn in terms of value by the end of 2031.

 “Increasing sales of electric vehicles along with increasing research activities aimed at reducing carbon emission by lowering the rolling resistance will drive the market growth in forthcoming years,” says the FMI analyst.

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Competitive Landscape

As per FMI, Bridgestone, Michelin, Goodyear, Continental, and Pirelli dominate the automotive tire market, collectively accounting for 48% of total market share in 2021.

Leading market players are focusing on developing new tires as per the changing market dynamics and customer demands. They are also looking to capitalize on the high revenue opportunities offered by developing nations by setting up manufacturing plants in these countries.

For instance, in June 2021, Michelin launched its new “MICHELIN X® MULTI GRIP™” truck tires developed for high performance in extreme winter condition. The tire offers superior grip, safety in extreme cold and wet roads with elevated mileage thus paving way for more sustainable transport system.

Michelin also launched “MICHELIN X AGVEV” tire especially designed for automatic guided vehicles (AGV) operating in ports. MICHELIN X AGVEV is first of its kind tire engineered for electric vehicles requirements to improve performance, reliability, productivity, and safety of AGV. It has very low rolling resistance thus reducing machine emission and improve battery life of the electric vehicle.

Prominent players operating in the automotive tire market are:-

  • Continental AG
  • Bridgestone Corp.
  • Michelin
  • Goodyear Tire And Rubber Company
  • Pirelli & C. S.P.A
  • Yokohama Rubber Company Limited
  • Cheng Shin Rubber Industries
  • Sumitomo Rubber Industries Ltd.
  • Toyo Tire & Rubber Company
  • Trelleborg AB
  • Cooper Tire & Rubber Company
  • Hankook Tire
  • Madras Rubber Factory Limited
  • Kumho Tire Co. Inc.
  • Apollo Tyres Ltd
  • Sailun Tires Ltd
  • Shandong Linglong Tyre
  • Nokian Renkaat Ojy
  • Titan Tire Corporation
  •  Nexen Tire America Inc

Automotive Tire Market by Category

By Vehicle Type:

  • 2/3 Wheeler
    • <18”
    • >=18”
  • Passenger Vehicle
    • <=15”
    • 16”-19”
    • >=20”
  • Commercial Vehicle
  • Light Commercial Vehicle
    • <=15”
    • 16”-19”
    • >=20”
  • Heavy Commercial Vehicle
    • <=20”
    • 21”-24”
    • >=24”
    • specialty Vehicle

By Tire Structure:

  • Radial
  • Tube
  • Tubeless
  • Bias

 By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

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Table Of Content

  1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

  1. Market Introduction

2.1. Market Definition

2.2. Market Taxonomy

2.3. Parent Market Overview

2.4. Automotive Tire Production: Snapshot

2.5. Technology Roadmap

  1. Market Dynamics

3.1. Macro-Economic Factors

3.2. Forecast Factors – Relevance and Impact

  1. Global Historical Market Analysis 2016 – 2020 and Forecast 2021 – 2031

4.1. Market Size (US$ Mn) and Forecast

4.1.1. Market Value (US$ Mn) and forecast

4.1.2. Absolute $ Opportunity

4.2. Market Overview

4.2.1. Value Chain

4.2.2. List of Active Participants

Key Points Covered in Automotive tire Market Study

  • Market estimates and forecast 2015-2031
  • 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 Automotive Tire Market and How to Navigate
  • Recommendation on Key Winning Strategies

Automotive Cylinder Liner Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2029

Future Market Insights has recently published a new market research study on the automotive cylinder liner market thatcontains global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the automotive cylinder liner market and provides critical insights for the forecast period of 2019-2029. As per the key findings of the report, the global automotive cylinder liner market is expected to witness considerable growth in upcoming years due to the increasing implementation of emission norms, coupled with downsizing of engines, resulting in the increase in demand for light weight automotive cylinder liners.

automotive cylinder liner market 2019 2929 snapshot

The global automotive cylinder liner market is estimated to reach ~US$ 4 Bn in 2019, and increase at a CAGR of ~4% during the projected period of 2019-2029. This growth is expected to be mainly driven by the increasing demand for passenger and commercial vehicles across the globe.

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Emergence of High-Quality Automotive Cylinder Liners Expected to Drive the Market in APAC

Sales of automotive cylinder liners are directly related to the production of automobiles. China, being one of the prominent manufacturers in the automotive industry, is expected to account for a prominent share in the global automotive cylinder liner market. The emergence of innovative, high-quality, and cost-effective products is expected to drive the market growth in the region. To enhance the durability and efficiency of engine, new materials have been developed, which are more efficient than the traditionally used in cylinder liners. In addition to rising number of regional players in Asian Pacific countries including China and India, key players are targeting the region for improved customer base and increased geographical footprint. Furthermore, in India, the government provides an extensive support to farmers to purchase agricultural equipment and work more efficiently. The Indian government offers crop loans, credit schemes, and subsidized interest rates, which boost the demand for agricultural vehicles, in turn, increasing the demand for automotive cylinder liners.

Growing Electric Mobility to Impede the Market Growth  

The dependency of consumers on conventional cylinder liners is now shifting. Consumers’ preference is expected to shift from conventional vehicles to electric vehicles, which is expected to create a hindrance in the growth of the automotive cylinder liner market across the globe. A large production of electric vehicles in the Asia Pacific region is supporting the penetration of electric vehicles in the fuel-driven conventional automobile market. Increasing preference for electric vehicles, which are environment friendly, safe, and easy to handle, is likely to hamper the growth of the automotive cylinder liner market in the Asia Pacific region

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Automotive cylinder Liner Market: Taxonomy

Vehicle Type

  • Light Duty
  • Heavy duty

Liner Type

  • Dry Liner
  • Wet Liner

Material Type

  • Cast Iron
  • Aluminium Alloys
  • Steel
  • Titanium

Application

  • Diesel Engine
  • Gasoline Engine

Region

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

Automotive Cylinder Liner Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global automotive cylinder liner market. Few examples of key players in the market are Federal-Mogul LLC, Mahle GmbH, Nippon Piston Rings Co. Ltd., ZYNP Corporation, India Pistons Ltd., TPR CO., LTD., Bergmann Automotive GmbH, Westwood Cylinder Liner Ltd., Aichi Machine Industry Co., Ltd. among others.The global automotive cylinder liner market is considered to be significantly fragmented one. Global players falling under Tier-1 category accounts for ~20% of the overall market share, whereas medium-sized and small-sized players are expected to be prominent in the global market. Tier-1 players are focusing on investing in new technology that would contribute to reduce the weight of the engine.

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Automotive Cylinder Liner Market – Key Research Findings

  1. The global automotive cylinder liner market size in 2019 is ~US$ 4 Bn.
  2. The automotive cylinder liner market is estimated to grow at a CAGR of ~4 % over the forecast period of 2019-2029.
  3. Use of automotive cylinder liner in light duty vehicles is likely to result in increased market share during the forecast period.
  4. In countries, such as India, China, France, U.K., and Spain, the growing production of passenger cars is resulting in significant growth of the automotive cylinder liner market. The APEJ region generates high demand for agriculture equipment as well as construction equipment, which is expected to scale up the automotive cylinder liner market.
  5. Increasing use of LCVs is likely to help the global automotive cylinder liner market witness high growth during the forecast period.
  6. Cast iron is the most preferred material for automotive cylinder liner, mainly because of its low cost and reduced weight. Additionally, hybrid liner technology serves better functionality and is being majorly adopted by manufacturers.
  7. Prominent value and volume share of the automotive cylinder liner market is predicted to be hold by Asia Pacific excluding Japan.
  8. Middle East & Africa (MEA) is projected to show high growth in terms of value in the global market.
  9. Key market players as well as OEMs are expanding their product offerings by investing in research and development. To counter various situations, manufacturers are focussing on improving the durability by using hybrid materials. Through acquisitions and collaborations, big companies are entering into local markets to further improve the business.

Automotive Microcontrollers Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2022

The global market for automotive microcontrollers has been projected to exhibit a staggering 13.7% CAGR during 2017 to 2022, according to a latest research by Future Market Insights (FMI). The global automotive microcontrollers market is estimated to surpass US$ 1,500 Mn in revenues by 2022-end.

Utilisation of Microchips to Enhance Flexibility and Improve Connectivity in Vehicles – A Major Trend

One of the major trends witnessed in the global market for automotive microcontrollers is utilisation of microchips for improving connectivity of vehicles with their moving systems, and for enhancing the vehicle’s flexibility. Automobile manufacturers have utilised microcontrollers for a variety of requirements such as engine control, antilock brakes, power steering, and seating. An automotive microcontroller helps in increasing speed of execution, enables automatic control sensing, and enhances safety features including air bag control and high temperature control. Currently, they are being used in sophisticated safety features, which include blind spot detection, automated braking & lighting, surround view cameras, lane change warning, and advanced driver assistance systems (ADAS).

automotive microcontrollers market

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Microcontrollers are also being deployed in infotainment systems, and provide connectivity to vehicle network. Popularity of hybrid electric vehicles has witnessed a surge owing to their energy efficiency. Hybrid electric vehicles need comparatively large number of microcontrollers than conventional vehicles. With modernisation of vehicles, number of microcontrollers required for vehicles has increased. Although cost of microcontrollers has remained lower over the recent past, the tags for microcontrollers are expected to witness a gradual rise over the next few years. This is expected to lead to an increased cost of vehicles. Moreover, integration of microcontroller has always remained a challenging task for automobile manufacturers, on the back of their complex design.

Key Research Findings from FMI’s Report on Global Automotive Microcontrollers Market

  • In terms of revenues, although North America is expected to remain largest market for microcontrollers in 2017, Asia-Pacific excluding Japan (APEJ) will be the most lucrative region for automotive microcontrollers market by 2022-end. The convergence of transportation, automotive, and ICT sectors has increased demand for technologically advanced vehicles in APEJ, further resulting into advent of advanced vehicle ecosystem. The already imposed and impending safety regulations are expected to spur installation of the automotive safety technologies in vehicles across APEJ. In addition, introduction of driving assistance technologies has incentivised OEMs for opting efficient microcontrollers.
  • In terms of revenues, heavy commercial vehicles are expected to remain the most attractive in the market, based on vehicle type. In addition, premium passenger cars will also remain a lucrative vehicle type segment in the market over the forecast period. This is primarily attributed to rise in installation of advanced safety features in premium passenger cars, particularly across developed economies. Moreover, safety regulations and mandates have compelled OEMs to produce premium passenger cars featuring advanced technologies, thereby propelling demand for microcontrollers.
  • On the basis of application, sales of automotive microcontrollers in ADAS and functional safety technology are expected to register similar CAGRs through 2022. ADAS application of automotive microcontrollers will remain comparatively more lucrative than functional safety technology. Brake control system will continue to be the most lucrative application of automotive microcontrollers.
  • By material type, sales of copper alloy for automotive microcontrollers are expected to exhibit the highest CAGR through 2022. Tinned steel will remain sought-after among materials in the global automotive microcontrollers market, with sales estimated to reach approximately US$ 600 Mn by 2022-end.

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Market Taxonomy

Region

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

Material Type

  • Tinned Steel
  • Nickel-Cobalt Ferrous Alloy
  • Copper Alloy

Vehicle Type

  • Compact Passenger Cars
  • Mid-sized Passenger Cars
  • Premium Passenger Cars
  • Luxury Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Electric vehicle

Application

  • Advanced Driver Assistance System
  • Parking Assist System
  • Brake control system
  • Electric Control Suspension
  • Airbags
  • Functional Safety Technology
  • Transmission Control
  • Start-Stop System
  • Electronic Power Steering System
  • Others

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FMI’s report has profiled key players, who are actively contributing to growth of the global automotive microcontrollers market, which include Toshiba Corporation, Infineon Technologies, Maxim Integrated Products, Inc., Fujitsu Limited, Silicon Labs Private Limited, Renesas Electronics Corporation, Microchip Technology Inc., STMicroelectronics NV, NXP Semiconductors NV, and Texas Instruments Incorporated.

Auto Ventilated Seats Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2027

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.

Gasoline Direct Injection Market Poised to Expand at a Robust Pace | FMI

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.