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Future Market Insights delivers key insights on the global lightweight automotive body panels market in its latest report titled “Lightweight Automotive Body Panels Market: Global Industry Analysis and Opportunity Assessment, 2016–2026.” Global sales of lightweight automotive body panels is anticipated to be valued at US$ 99.6 Bn by 2016 end, witnessing a Y-o-Y growth of 3.9% over 2015. APEJ is projected to account for a volume share of 29.2% in the global market towards the close of 2016 and is expected to retain its dominance throughout the forecast period.

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Automotive body panels such as bumpers, hoods, door panels, roof, and trunk lids are manufactured using lightweight materials such as high-strength steel, aluminium, magnesium, and polymers and composites in order to provide desired strength with reduced weight. Lightweight automotive body panels help improve fuel economy and performance of vehicles by reducing the overall weight of the vehicle. About 25% reduction in automobile weight saves 3.5 to 5.0 tonnes of greenhouse gas emissions over the lifetime of an average car. Manufacturers today are adopting lightweight body panels in vehicles in order to comply with government regulations pertaining to greenhouse gas emissions.

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Key Segment

By Material Type

• Metals
• High-strength Steel
• Magnesium
• Aluminium
• Polymers & Composites
• Carbon Fibre Reinforced Plastics
• Glass Fibre Reinforced plastics
• Other Polymer & Composite Materials

By Component Type

• Bumpers
• Hood
• Door Panels
• Trunk Lids
• Roof
• Others

By Vehicle Type

• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Region

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

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Segmentation highlights

The global lightweight automotive body panels market is segmented on the basis of Material Type (Metals, Polymers & Composites); Component Type (Bumpers, Hood, Door Panels, Trunk Lids, Roof, Others); and Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle).

• The Metals material type segment is likely to be valued at US$ 92.7 Bn by 2016 end
• The Door Panels component type segment is anticipated to be a prominent segment accounting for maximum market share of 32.9% by 2016 end
• The Passenger Car vehicle type segment is expected to expand at a significant CAGR of 5.5% over the forecast period

Top Reports Related To Automotive Market Insights

Advanced Driver Assistance System (ADAS) Testing Equipment Market : As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global ADAS testing equipment market reached US$ 222,486 Thousand in 2021.

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

About FMI

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

Contact

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

 

The global automotive lead acid battery sales is projected to increasing, enabling the market’s valuation to reach US$ 36.2 Bn in 2031, according to the latest research by Future Market Insights (FMI). The report estimates the market to expand at a steady CAGR of over 3% through the course of 2021-2031.

Flooded batteries, followed by enhanced flooded batteries are most sought-after lead acid batteries. Flooded batteries are expected to account for over half of sales registered in the market. The use of lead batteries for starting, lighting and ignition (SLI) application is increasing around the world. Easy availability of lead acid batteries and their economical pricing as compared to other battery types will continue enabling growth in the market over the coming decade.

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Despite advent of various advanced technologies, which threaten replacement, lead acid batteries sales will continue surging at a moderate pace. The rising production of passenger and commercial vehicles will continue supporting growth through the course of the forecast period.

Also, the advent of new technologies are aiding overall expansion. Some of the leading manufacturers are focusing on a wide range of automotive lead acid resistance, decreasing heat generation, modification of electrode plates, and improving charge acceptability.

These efforts are expected to improve performance of lead acid batteries, in turn creating lucrative opportunities for increasing sales.

Key Takeaways from Market Study

• After a period of negative growth, sales will improve 2021 onwards, enabling the market register 2.8% y-o-y growth in 2021
• The U.S. will account for over 86% of sales registered in North America. It is expected to remain the dominant market through the course of the forecast period
• Increasing passenger vehicle production will enable sales in the U.K. to increase by 1.7% in U.K. in 2021
• Germany and France will emerge as other key markets within Europe
• Expansion of the automotive sector will support growth in China, followed by Japan and South Korea

“Market players are threatened by the availability of high-performing alternatives. The increasing demand for lithium-ion batteries and other alternatives has been compelling them to invest in research and development activities. This will enable the market to stay strong, registering steady growth through the course of the forecast period,” said a lead analyst at FMI.

Competitive Landscape

The global automotive lead acid batteries market is highly competitive at regional as well as global level, and highly consolidated in nature. Some of the key players included in the report are Clarios, GS Yuasa Corporation, Panasonic Corporation, Leoch International Technology Limited, Exide Industries Ltd., EnerSys Inc., and others. Top companies operating in the market are occupying hefty shares in terms of revenue. With compliance to governmental standards and regulations, these companies have a global brand presence. Prime manufacturers are also updating their technologies to improve their market share.

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Market Segmentation by Category

By Battery Type

• Flooded
• Enhanced Flooded
• AGM

By Technology

• ICE
• Hybrid
• Electric

By Vehicle Type

• Passenger Car
• LCV

By Sales Channel

• OEM
• Aftermarket

By Region

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

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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  Tons for Volume
Key Regions Covered	North America, Latin America, Europe, South Asia & Pacific, East Asia, and the Middle East & Africa,
Key Countries Covered	US, Canada, Germany, U.K., France, Italy, Spain, Russia, BENELUX, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, Turkey, Iran, and South Africa
Key Segments Covered	Battery Type, Technology, Vehicle, Sales Channel, Region
Key Companies Profiled	Clarios GS Yuasa Corporation Panasonic Corporation Leoch International Technology Limited Exide Industries Ltd. EnerSys Inc. East Penn Manufacturing Company Exide Technologies Inc. CSB Battery Company Limited
Report Coverage	Market Forecasts, Brand Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Key Questions Answered in Report

• Which is the most lucrative market for automotive lead acid batteries?

The U.S. currently leads the global market for automotive lead acid battery. The share of the U.S. market will be over 25% over the forecast period.

• Which is the top-selling type of automotive lead acid batteries?

Flooded lead acid batteries are preferred for many applications. Demand for flooded lead acid batteries is expected to be high in the near future, especially for their low-maintenance cost.

• Which is the most lucrative application for automotive lead acid batteries?

Automotive lead acid batteries are widely used in automotive industry related applications. Usage in starting, lighting and ignition (SLI) and electric vehicle applications is rising day by day.

Top Reports Related To Automotive Market Insights

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

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

About FMI

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

Contact

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

 

ESOMAR-certified consulting firm Future Market Insights’ report, projects the global OHV telematics market to record growth at 15.40% CAGR over the forecast period of 2021 and 2031.

Growing demand from construction industry is accelerating OHV telematics sales across the globe. Demand for OHV telematics is rising extensively in emerging economies as are becoming more aware for the vehicle safety.

Increasing application within rental equipment companies, mining industry and for safety & security of vehicles will continue creating sales opportunities. As per the FMI’s analysis, despite the slight setback due to the pandemic, the global OHV telematics market registered the Y-o-Y growth at 14.50% CAGR during 2020-2021.

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Steady recovery in automotive industry and recommencement of automotive production & manufacturing companies across the globe have improved the market growth.

Government increasing funding and initiatives towards the safety of vehicles have compelled the manufacturers to increase the adoption of telematics within the off highway vehicles.

Stringent regulations for the vehicle safety across the U.S., Germany, India, China and the U.K. is also expected to improve the adoption of OHV telematics over the coming years.

According to the FMI’s analysis, the global OHV telematics market reached a valuation of US$ 424 Mn in 2021.

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Key Takeaways from FMI’s OHV Telematics Market Study

• By end-use application type, construction segment will emerge as primary OHV telematics end-user, accounting for 64.4% market share.
• In terms of sales channel, original equipment manufacturers are the most preferred over the aftermarket service providers, exhibiting growth at over 11.4% CAGR
• In terms of technology type, cellular technology will cement its dominance during the forecast period, expanding at 11% CAGR
• The U.S. will emerge as the leading market across North America backed by the high demand within the construction industry
• Japan and South Korea will collectively account for over 6% of global market share over the forecast period
• Germany and the U.K. are anticipated to lead the Europe’s OHV telematics market, exhibiting the growth at 10.20% CAGR
• Increasing application in precision farming will bolster the demand of off-highway vehicle telematics across India through 2021

“Growing consumer preference for advanced telematics technology in off-highway vehicles for usage in construction, mining and agriculture equipment has bolstered the adoption of telematics, generating lucrative prospects for market players,” says the FMI analyst. 

Competitive Landscape

TomTom International, Harman International, ORBCOMM Inc., Topcon Corporation, MiX Telematics, Navman Wireless, Omnitracs LLC, Wacker Neuson, Trackunit A/S and Zonar Systems Inc. among others are some prominent players operating in the OHV telematics market.

As per the FMI’s analysis, the market is dominated with top 5 players operating in OHV telematics market, accounting for 25% of market share. Top 5 players include, TomTom International, Harman International, MiX Telematics, ORBCOMM Inc., and Omnitracs.

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OHV Telematics Market by Category

By Sales Channel:

• Original Equipment Manufacturers (OEMs)
• Aftermarket

By Technology Type:

• Cellular
• Satellite

By End-Use Application:

• Construction
  • Cranes
  • Dozers
  • Dump Trucks
  • Excavators
  • Loaders
  • Others
• Agriculture
  • Harvesters
  • Tractors
• Mining
  • Surface Mining Machinery
  • Underground Mining Machinery

By Region:

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

Key Points Covered in OHV telematics Market Study

• 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 OHV Telematics Market and How to Navigate
• Recommendation on Key Winning Strategies

Top Reports Related To Automotive Market Insights

Automotive Repair & Maintenance Services Market : Global automotive repair & maintenance services market is forecast to reach a US$ 544.5 Bn in 2021, with a stable long-term projection, as per the latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.

Automotive Glass Market : The global demand for automotive glass has declined significantly in 2020, with the Covid-19 pandemic restricting automotive production and reducing new orders in the manufacturing sector. However, long-term prospects remain bullish, with a new report by FMI projecting 4% CAGR through 2030. The report opines that market players will benefit from smart glass technology and the rising popularity of electric vehicles.

About FMI

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

Contact

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

The global UHP tires market is projected to reach a valuation of US$ 10.41 Bn in 2021. Increasing demand for high performance vehicles in the automotive sports sector is expected to push sales of UHP tires at 10.9% CAGR, with the market valuation reaching US$ 23.32 Bn in 2031.

Rapid expansion of the automotive sector is resulting increasing sales of sports cars, SUVs, and light trucks across the globe. These vehicles are expected to offer optimal performance in all weather conditions, which in turn is spurring demand for ultra-high performance tires.

Besides this, shifting consumer preference towards high performance automotive components backed by rising disposable income is creating lucrative growth prospects for UHP tires market players.

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As per FMI’s regional analysis, the U.S. is anticipated to dominate the North America UHP tires market. Growth can be attributed to strong presence of key automotive players in the U.S., along with rapid adoption of new technologies to manufacture more efficient and durable tires. These trends will continue augmenting growth of the UHP tires in North America over the assessment period.

“Rising popularity of automotive racing sports such as Formula one, coupled with increasing replacement and repair of vehicle parts through aftermarket, will continue augmenting growth of the global UHP tires market through 2031,” says an FMI analyst.

Key Takeaways:

• By tire type, all-season tires are expected to account for more than half of total UHP tires market share in 2021.
• Sales of UHP tires in the sports car segment are anticipated to hold nearly 57% of the total UHP tires market share in 2021.
• The replacement/aftermarket segment is projected to account for more than three-quarter of the total UHP market share in 2031.
• The U.S. is anticipated to hold a dominant share of 81.5% of the North America UHP tires market in 2021.
• China will emerge as a lucrative market, creating an incremental opportunity of US$ 1 Bn in 2031.
• Germany is projected to account for 17.9% of the Europe UHP tires market share in 2031.
• Japan and South Korea will hold 43.5% and 26.0% of the global UHP tires market share respectively.

Competitive Landscape

Leading players operating in the global UHP tires market include Continental AG, Goodyear Tire & Rubber Company, Michelin Group, Pirelli & C. S.p.A., Bridgestone, KUMHO TIRE Co., Inc. , Yokohama Rubber Co., Ltd, Nankang Rubber Tire Corp., Ltd. , HANKOOK TIRE & TECHNOLOGY Co., Ltd., Toyo Tires and others.

To gain a competitive edge in the market, players are focusing on research and development to launch new variants of UHP tires. Apart from this, players are investing in strategic collaborations, mergers and acquisitions to expand their global footprint. For instance:

• Michelin is launching a new generation of four-season tires. The new MICHELIN CrossClimate 2 tire stands out through its excellent mileage performance and its ability to maintain a high level of performance from the first kilometer to the last, i.e. all the way down to the legal minimum tread depth. It illustrates Michelin’s commitment to designing tires that offer a very high level of performance throughout their life and right up to their end of life.
• Yokohama Tire’s long, successful history with Porsche Motorsport North America (PMNA) continues. Yokohama and PMNA announced a new racing series and partnership with the United States Auto Club (USAC). Yokohama will be the official tire partner and presenting sponsor for the USAC-sanctioned 2021 Porsche Sprint Challenge North America by Yokohama.

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Ultra-High Performance (UHP) Tires Markey by Category

By Tire Type:

• Summer
• Winter
• All-Season

By Vehicle Type:

• Sports Car
• SUV/MUV
• Light Trucks

By Sales Channel:

• OEM
• Replacement/Aftermarket

By Region:

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

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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 (‘000) 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	Tire Type, Vehicle Type, Sales Channel, and Region
Key Companies Profiled	Continental AG Goodyear Tire & Rubber Company Michelin Group Pirelli & C. S.p.A. Bridgestone KUMHO TIRE Co., Inc. Yokohama Rubber Co., Ltd Nankang Rubber Tire Corp., Ltd. HANKOOK TIRE & TECHNOLOGY Co., Ltd. Toyo Tires Nitto tires NEXEN TIRE The Hercules Tire and Rubber Company Sumitomo Rubber Industries (Dunlop Tires) Chaoyang Tires, LLC Cooper Tire & Rubber Company Elangperdana Tyre Industry (Accelera Radial)
Report Coverage	Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing	Available upon Request

 

A new market research study by Future Market Insights on the automotive control cable market contains global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the automotive control cable market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the ~US$ 2.1 Bn market for automotive control cable will witness a moderate 4% annual rise in the revenues, by 2019 end.

New vehicle model launches, and the spectacular rise in vehicle parc, have been the leading market growth influencers. While gains are majorly driven by the increasing demand for automotive vehicles, government mandates regarding anti-lock braking systems for passenger and commercial vehicles, are identified to remain the key growth determinants for market. This scenario will particularly prevail in developing countries, such as India, China, and Brazil, among others, according to FMI’s analysis.

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The onset of rapid mainstreaming of electric vehicles is rendering a new dimension to the automotive control cable landscape. FMI offers exclusive insights on this, in addition to how companies actively operating in the automotive control cable landscape are focusing on competitive strengths and improved technology, towards the transformation of the auto ancillary industry, since it is a low-volume and highly fragmented sector. 

A Stream of Opportunities in South Asia’s Market

Regions such as South Asia and East Asia are projected to generate substantial growth opportunities in the forecast period owing to the rise in the number of vehicle consumers, increasing urban population, sales of automobile, and vehicle parc in these regions. China is one of the prime countries in East Asia, which has a prominent share in the market due to the presence of several automotive control cable manufacturers in the country. The China market is likely to boost the growth of the East Asia automotive control cable market. India and ASEAN countries in South Asia and Pacific are projected to boost the automotive control cable market owing to the rise in disposable income of major population and prominent factors such as urbanization.

The North America market is likely to be one of the prominent markets in the global automotive control cable market due to the increasing vehicle production in the region and demand for automotive control cables by automobile customers enhancing safety features of the vehicle. Moreover, regions such as Latin America and MEA are also expected to witness a healthy CAGR during the forecast period. The report also includes all the major countries in every region. All relevant macroeconomic and forecast factors are considered while studying the automotive control cable market size.

By vehicle type, the compact vehicle type of automotive control cable segment is expected to hold prominent value shares of the global automotive control cable market. This has majorly resulted from the increasing production of compact vehicles and its features such as lower price point, less parking space requirement, etc. On the basis of sales channel, the OEM segment is expected to hold a majority share of the global automotive control cable market value due to more reliability and durable life cycle of automotive control cables.

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Key Segment

By Product Type

• Door Cable
• Hood Cable
• Transmission Cable
• Trunk Cable
• Brake Cable
• Clutch Cable
• Throttle Cable
• Fuel Cap Cable

By Coating Material

• PCV cables
• Polyethylene

By Vehicle Type

• Compact
• Mid-size
• Luxury
• SUV
• LCV
• HCV

By Sales Channel

• OEM
• Aftermarket

By Region

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

Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors
5. Global Automotive Control Cable Market Demand Analysis 2014–2018 and Forecast, 2019–2029

5.1. Historical Market Volume (‘000 Units) Analysis, 2014–2018

5.2. Current and Future Market Volume (‘000 Units) Projections, 2019–2029

5.3. Y-o-Y Growth Trend Analysis

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Automotive Control Cable Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global automotive control cable market. Few examples of key players in the market are Thai Steel Cable Public Co., Ltd, Minda Corporation Limited, Kongsberg Automotive ASA., Suprajit Engineering Ltd, Ficosa Internacional SA, and Dura Automotive Systems, among others.

The global automotive control cable market is significantly consolidated with some players holding prominent shares of the market. These players have strategic partnerships with car manufactures. For instance, Suprajit Engineering Ltd. collaborated with several car manufactures such as Tata Motors, General Motors (India), BMW, Volkswagen, and Ford India Limited, Suzuki, among others, to provide automotive control cables.

 

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.

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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.

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 3/4^th 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 Taxonomy

Conventional Motorcycles Market

• Product Type
  • Standard
  • Cruiser
  • Mopeds
  • Sports
  • Others
• Engine Capacity Type
  • Up to 150cc
  • 151-300cc
  • 301-500cc
  • Above 500cc

Conventional Scooters Market

• Product Type
  • Standard
  • Enclosed
  • Maxi
  • Three-Wheeled
• Engine Capacity Type
  • Up to 150cc
  • 151-300cc
  • 301-500cc
  • Above 500cc

Region

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

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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 the Conventional 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.

 

The global rubber tracks for defense and security market is apprehended to follow gradual growth over a 10-year forecast period 2017-2027. According to a recently published research report by Future Market Insights, titled “Rubber Tracks for Defense and Security Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017-2027,” the market is poised for a CAGR of 3.9% over the assessment period and will reach US$ 144.5 Mn by 2027 end, up from US$ 98.4 Mn registered in 2017. Volatile rubber pricing scenario is considered to be a predominant factor restraining rubber sales, ultimately affecting the rubber tracks market performance.

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North America to Retain Dominance Led by US

North America currently holds the largest market share of over 31%, followed by MEA with a share of over 20% in terms of value. Europe is another key market for rubber tracks for defense and security. In terms of volume, Future Market Insights identifies dominance of EMEA and North America in the global market in 2017. In terms of basis points, North American and Eastern European markets are projected for a considerable gain, whereas all other regions are expected to see a slight decline in near future. North America will reportedly retain the dominance with a promising CAGR of over 5%; Eastern Europe will be a steadily growing market over the next decade.

North America has been dealing with immense pressure due to internal as well as external terrorism since the past few years. This has been detected as a key factor driving the demand for military vehicles within the North American market. Increasing investment of the US Army in battle tanks and other vehicles is predicted to directly boost the sales of rubber tracks in this region, the US being the leading market in this region.

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Top Global Players Based in North America to Maintain Maximum Revenue Shares

Soucy International Inc., Ocean Rubber Factory LLC, COECA SA, William Cook Holding Limited (Cook Defense Systems), LS Mtron Ltd., GMT Rubber and Metal Technic Ltd, Martin’s Rubber Company Ltd., Cauchos Puntes S.L, Mackay Consolidated Rubber Technology, Northern Plains Track (Camso Group), and TGL SP Industries Ltd. are some of the major companies actively operating in the competitive landscape of the global rubber tracks for defense and security market.

Key companies are focusing more on:

• Enhanced lifespan and improved efficiency
• Reduced weight and operational costs
• Long-term contracts with end-use industries
• Product innovation

As far as North America-based players are considered, Soucy International Inc. has been the global leader and Camso Group is identified to be striving to enter the military vehicle market for rubber band. Soucy has been the largest rubber tracks supplier for leading OEMs and various Ministry of Defense departments over the years. The company concentrates more on strategic collaborations and is likely to capitalize on opportunities presented by end-users operating in snowy areas and deserts. Camso Groups stands out on account of its expertise in designing, engineering, and manufacturing the most mature technology specifically for mission survivability in hostile environments.

Segmental Outline

By Product Type

• Rubber band track
• Rubber pin track

By Vehicle Type

• Tank
• APC
• IFV/AIFV
• Recons
• Others

By Vehicle Payload

• 8-12 Ton
• 12-14 Ton
• 15-45 Ton
• Above 45 Ton

By Region

• North America
• Eastern Europe
• Latin America
• MEA
• Japan
• Western Europe
• China
• India
• SEAP

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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

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Global Market Overview

3. Market Background

3.1. Macro-Economic Factors

3.2. Forecast Factors – Relevance & Impact

3.3. Value Chain

3.4. Market Dynamics

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Opportunity Analysis

4. Market Forecast

4.1. Market Volume Projections

4.2. Pricing Analysis

4.3. Market Size Projections

4.3.1. Y-o-Y Projections

4.3.2. Absolute $ Opportunity Analysis

While rubber pin tracks will dominate by product type, APC is expected to lead by vehicle type, followed by tanks. A majority of companies are observed to focus on heavy-load vehicles, as adoption of rubber tracks has been higher by heavy-load vehicle manufacturers. By region, EMEA and North America are identified to be the key rubber tracks markets for security and defense sectors. China and SEAP will sustain steady growth over the next decade.

 

Surging carbon footprint attributed to heavy automotive usage has led manufacturers to improve existing vehicle tire designs has significantly heightened demand for low rolling resistance tires, according to ESOMAR-certified Future Market Insights’ (FMI) latest research report. As per the study, the global low rolling resistance market is slated to surpass a staggering CAGR of 11% across the forthcoming decade.

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Key manufacturers are increasingly focusing on achieving fuel economy, one of the top priorities in the global fight to achieve environmental sustainability in the automotive domain. The United States Department of Energy advocates that adopting low roller resistance tires can yield around 5-15% of fuel economy. A 5% reduction in rolling resistance would improve fuel economy by approximately 1.5% for light and heavy duty vehicles.

Prominent manufacturer Bridgestone Group offers revolutionary solutions contributing to CO2 emissions reductions by customers and partners across society. To accelerate its contributions, it has set the focused target towards 2030: contributing to global emissions reduction across the lifecycle and value chain. For the target of a 25 percent reduction in tire rolling resistance by 2020, it achieved a 23 percent reduction in 2019.

Key Takeaways from FMI’s Low Rolling Resistance Tire Market Study

• By vehicle type, passenger vehicles to emerge as primary low rolling resistance tire end-users
• Wide band width low rolling resistance tires to account for nearly a quarter of the global demand
• Sales across the aftermarket segment are likely to surpass an impressive valuation, given the ever expanding volumes of global transportation fleet
• US to experience noteworthy expansion amid robust presence of regional level tire manufacturers
• India and China to generate lucrative opportunities across South Asia & East Asia, collectively experiencing over 3x growth
• Massive investment projects to augment production capabilities to bolster demand across Japan
• Broadening EV market to widen low rolling resistance tires adoption across Germany

“Visibly increasing consumer tilt towards commercial vehicles for long distance travel is likely to amplify sales of low rolling resistance tires by prominent automotive manufacturing giants,” says the FMI analyst.  

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Competitive Landscape

Bridgestone Corporation, The Goodyear Tire & Rubber Company, Sumitomo Rubber Industries Ltd., Pirelli & C S.p.A, Hankook Tire, MICHELIN, Continental AG, Trelleborg AB, The Yokohama Rubber Co. Ltd, Apollo Tyres Ltd., Maxxis International (Cheng Shin Rubber), Marangoni S.p.A and MRF Tyres are some prominent players operating in the low rolling resistance tire market.

Emphasis on lightweight tires is prompting prominent players to introduce appropriate product portfolios. For instance, in April 2021, Milan-based Pirelli & C S.p.A introduced P ZERO RACE Tub SL, a new rubber, equipped with a special inner tube which guarantees a reduction in overall tire weight exceeding 10%, while maintaining the same grip, smoothness and reliability for bicycles.

Manufacturers are also focusing on offering customized solutions to appropriate end-use industries. Hankook Tire, for instance, announced in April 2021 that it intends to supply original equipment for Porsche 718 Boxster and Cayman models, including tailor-made Ventus S1 evo 3 tires in sizes 235/40 ZR19 (92Y) N-O for the front axle and 265/40 ZR19 (98Y) N-O for the rear axle.

Key Segments Covered

Vehicle Type

• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Width Type

• Dual Type
• Wide Band Type

Sales Channel

• OEM
• Aftermarket

Region

• North America (US and Canada)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Europe (Germany, France, Spain, UK, Italy, Nordics, BENELUX, Russia and Rest of Europe)
• East Asia (China, Japan and South Korea)
• South Asia (India, Malaysia, Thailand, the Philippines and Rest of South Asia)
• Oceania (Australia and New Zealand)
• Middle East & Africa (GCC, South Africa, Turkey and Rest of MEA)

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Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Taxonomy

2.2. Market Definition

3. Market Background 

3.1. Macro-Economic Factors

3.2. Forecast Factors Relevance & Impact

3.3. Value Chain

3.4. Market Dynamics

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Opportunity Analysis

3.4.4. Trend

4. Market Forecast

4.1. Global Low Rolling Resistance (LRR) Tire Market (Market Size US$ Mn) Analysis

4.1.1. Historical Market Value (US$ Mn) Analysis

4.1.2. Current and Future Market Value (US$ Mn) Projections

4.1.2.1. Y-o-Y Growth Trend Analysis

4.1.2.2. Absolute $ Opportunity Analysis

4.2. Pricing Analysis

4.2.1. Pricing Analysis By Vehicle Type

4.2.2. Pricing Analysis By Region

Key questions answered in the report

• How will the low rolling resistance tire market grow in the future?

According to FMI, the global low rolling resistance tire market is expected to post impressive gains through 2021 and beyond, expanding at a strong growth rate. Growth is majorly underpinned by the increasing scramble towards incorporation of sustainable development directives and imposition of stringent regulatory standards governing automotive emission standards

• Which region is likely to account for the maximum growth opportunity?

FMI’s report establishes that the Asian market is likely to post impressive gains in the future, with significant packaging improvement initiatives being visible across the Chinese and Japanese markets. However, North America and Europe are expected to contribute equally attractive revenue shares to the global landscape

• Which is the most preferred low rolling resistance tire width type?

Demand for wide band width low rolling resistance tires is expected to incline significantly over forthcoming years, expected to account for nearly a quarter of the revenue share in the forecast period. Enhanced automotive performance due to even load distribution and greater fuel economy

 

FMI delivers key insights on the global hybrid vehicles market in its latest report titled, ‘Hybrid Vehicles Market: Global Industry Analysis and Opportunity Assessment 2016-2026.’ The long-term outlook of the global hybrid vehicles market remains positive, with market value expected to increase at a CAGR of 20.4% during the forecast period (2016-2026). Among the product types, the hybrid electric vehicles segment is expected to expand at a significant CAGR in terms of value over the forecast period. The global hybrid vehicles market for passenger cars is estimated to be valued at US$ 54.7 Bn by the end of 2016. Japan is estimated to account for a value share of 48.1% in the global hybrid vehicles market by 2016 end, and it is anticipated to retain its dominance throughout the forecast period. In this report, FMI throws light on the drivers and restraints likely to impact the global hybrid vehicles market during this period.

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Global Hybrid Vehicles Market: Factors Influencing Revenue Growth

The hybrid vehicles market is driven by various factors such as better fuel efficiency, incentives & subsidies offered by governments, rising prices of petroleum products, and reduction in air pollution, among others. Hybrid vehicles have better fuel efficiency than conventional vehicles, as apart from using IC engines, hybrid vehicles also use energy stored in a battery, which uses 80% of the energy for driving the vehicle, owing to the higher efficiency involved in converting the chemical energy of batteries into electrical energy. Using battery energy also minimizes the harmful carbon emissions involved with IC engines. Apart from this, various government authorities provide subsidies and incentives to the owners of hybrid vehicles. For instance, in China, the government offers subsidies ranging from US$ 6,750 to US$ 14,000, depending upon the size of the battery pack, to every purchase of a hybrid or electric vehicle. Cities such as Beijing and Shanghai offer free registration plates for electric hybrid vehicles.

The insufficient number of public charging stations hampers the growth of the plug-in hybrid vehicles sector, though portable charging systems are provided by manufacturers, which can be used at home or at the workplace. But while travelling between cities or during an emergency situation, this can cause difficulty to the consumers. Therefore, to fully explore the potential of plug-hybrid vehicles, a sufficient number charging stations are required, which will enhance the market for plug-in hybrid vehicles.

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Segmental Analysis of the Hybrid Vehicles Market

The hybrid vehicles market is segmented on the basis of product type, vehicle type, engine type, and powertrain configuration.

• The hybrid electric vehicles segment is anticipated to continue to dominate the market in terms of value over the forecast period. The hybrid electric vehicles segment is estimated to grow at a significant CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 297 Bn between 2016 and 2026.
• The power split hybrid vehicles segment is projected to be the most prominent powertrain configuration in the hybrid vehicles market. The power split hybrid vehicles segment is estimated to grow at a significant CAGR of 22.7%, in terms of value, over the forecast period. The market for power split hybrid Vehicles is driven by the benefits they offer over parallel and series hybrid vehicles.

Hybrid Vehicles: Regional Market Projections

The hybrid vehicles market in Japan is expected to represent a significantly higher incremental opportunity between 2016 and 2026. The market for hybrid vehicles in Japan is expected to represent a total incremental opportunity of US$ 241 Bn between 2016 and 2026.

Key segments covered in the hybrid vehicles market report

On the basis of product type, the hybrid vehicles market can be segmented into:

• Hybrid Vehicles
• Plug-in Hybrid Vehicles

On the basis of vehicle type, the hybrid vehicles market can be segmented into:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

On the basis of engine type, the hybrid vehicles market can be segmented into:

• Parallel Hybrid
• Series Hybrid
• Power Split Hybrid

On the basis of powertrain configuration, the hybrid vehicles market can be segmented into:

• Gasoline Electric
• Diesel Electric

On the basis of region, the hybrid vehicles market can be segmented into:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa (MEA)

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Hybrid Vehicles Market: Key Participants

The report highlights some of the top companies operating in the hybrid vehicles market, such as Ford Motor Company, General Motors Company, Honda Motor Co., Ltd., Daimler AG, Volkswagen AG, Renault SAS, Toyota Motor Corporation, Nissan Motor Corporation, Mitsubishi Motor Corporation, Hyundai Motor Company, and Bayerische Motoren Werke AG (BMW).

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.

About FMI

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

Contact

Mr. Debashish Roy
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The automatic tire inflation system industry has been exhibiting steady growth since the past decade owing to the rise in requirement in utility vehicles, tractors, and heavy commercial vehicles (HCV). While the outbreak of the COVID-19 pandemic took a toll on the industry output due to the decline in automotive sector, the recovery has started since the last quarter of 2020. With the increase in investment on research & development (R&D) activities by manufacturers, and the key sales channels getting back on track, automatic tire inflation system industry is subject to significant growth in the coming years.

The latest revised edition of the report on ‘automatic tire inflation system’ market study by Future Market Insights (FMI) offers an exhaustive overview of the global industry trends, regional insights, demand-supply trajectories, and crucial factors during the forecast period of 2021 to 2031. According to the report, North America, Europe, and Asia Pacific will remain the leading regions, while high requirement from utility vehicle segment will drive the sales in 20+ countries.

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Key Takeaways from Market Study

• The global automatic tire inflation system industry is forecast to expand at over 5% CAGR through 2031
• Increase in application in utility vehicles and heavy commercial vehicles (HCV) is likely to be witnessed
• Original equipment manufacturer (OEM) segment to exhibit hegemony in terms of sales channel
• The United States to hold the major chunk of North America industry
• Germany remains the epicenter of Europe automatic tire inflation system industry
• The United Kingdom, China, Japan, India, Canada, France, and a few other countries to emerge lucrative
• Asia Pacific to register the fastest growth throughout the forecast period

“Advancement in manufacturing sector coupled with the rise in adoption of various automated systems and solutions in automotive sector are fuelling the sales of automatic tire inflation system,” says an FMI analyst.

How is the Recovery of the Automotive Industry Key to Automatic Tire Inflation System Providers?

Automatic tire inflation systems are highly sought-after in automotive industry owing to its unlimited advantages over the conventional system such aslower maintenance cost, higher safety, extended tire life, highly compatible with satellite communication services and telematics systems, and efficiency in providing proper pressure maintenance over road.

According to a report titled “Automotive Industry Spotlight” published by the SelectUSA, the United Sates has one of the largest automotive industries in the world, while in 2018, the U.S. light vehicle sales reached 17.2 million units. As stated in the report, new R&D initiatives are transforming the global automotive industry including the U.S., while according to Auto Alliance, globally UIS$ 105 Billion is spend on R&D in automotive industry. Though the situation changed temporarily in 2020, the automotive sector is getting back to its feet making the automatic tire inflation system providers optimistic again.

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Market Segmentation by Category

Vehicle Type

• Tractors
• Heavy Commercial Vehicles (HCV)
• Utility Vehicles

Sales Channel

• Original Equipment Manufacturer (OEM)
• Aftermarket

Component

• Hub Caps
• Hoses
• Axle & Wheel Component
• Others

Region

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

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Report Scope

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, South Asia, East Asia, the Middle East & Africa, and Oceania
Key Countries Covered	US, Canada, Germany, U.K., France, Italy, Spain, Poland, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa
Key Segments Covered	Vehicle Type, Sales Channel, Component, and Region
Key Companies Profiled	Dana Incorporated Meritor, Inc. EnPro Industries, Inc. Nexter Group Servitech Industries, Inc. Hendrickson USA, L.L.C. Tire Pressure Control International Ltd. PTG Reifendruckregelsysteme GmbH Aperia Technologies, Inc. Systems GmbH Bigfoot Equipment Ltd. Tibus Offload Ltd. & Co. KG AIR CTI FTL Technology Limited Col-Ven S.A.
Report Coverage	Market Forecasts, Brand Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Key Questions Answered in Report

• Which are the top companies manufacturing automatic tire inflation system?

Some of the top companies manufacturing automatic tire inflation system are Tire Pressure Control International Ltd., Bigfoot Equipment Ltd., AIR CTI, and FTL Technology Limited.

• Which are some of the lucrative markets for automatic tire inflation system?

The United States, China, Germany, Japan, India, the United Kingdom, Canada, Italy, France, and a few others are lucrative markets for automatic tire inflation system and are expected to continue exhibiting high demand through the forecast period.

• Which vehicle type accounts for high sales of automatic tire inflation system?

Presently, the utility vehicles segment is the most lucrative in terms of vehicle type, and is expected to remain dominant over the forecast period of 2021 to 2031.

• Which sales channel is mostly preferred in the automatic tire inflation system market?

Original equipment manufacturer (OEM) is mostly preferred in the automatic tire inflation system industry and expected to remain dominant through 2031.