Market Research Blog

According to Future Market Insights (FMI), the global brake system market share is expected to reach US$ 24.9 billion in 2024 and US$ 42.3 billion by 2034. The market is projected to rise at a CAGR of 5.4% by 2034.

Key Takeaways from the Brake System Market Report:

• The brake system market is expected to reach a valuation of US$ 42.3 billion by 2034.
• The market is projected to surge at a CAGR of 5.4% by 2034.
• China’s brake system market is expected to rise at a CAGR of 5.9% by 2034.
• The United States is projected to reach a valuation of US$ 7.6 billion in 2034.
• Based on end-use, the automotive segment is expected to surge at a CAGR of 5.0% through 2034.

“Commercial vehicles such as trucks, buses, and vans are in high demand worldwide. This growth is attributed to the expansion of e-commerce, rising demand for logistics & transportation, and expansion of mining & construction industries. The need for dependable and effective braking systems increases along with the fleet growth of commercial vehicles.” – Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

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The expansion of the market is attributed to the rising popularity of commercial vehicles such as electric buses and passenger cars worldwide. Increasing car sales online and the introduction of new services in the market by manufacturers are expected to propel the market expansion.

Rising fatalities and worries about traffic accidents have led governments to implement strong safety measures. The market for brake systems is expected to expand because of the strict safety regulations governments and regulatory bodies put in place.

The growing popularity of electric vehicles and increased attention paid to autonomous vehicles are anticipated to surge manufacturing businesses’ prospects for commercial growth. The market for brake systems is anticipated to move toward an increasing demand for installing passive and active safety features in automobiles.

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Competitive Landscape

Leading companies in the market include AISIN SEIKI Co. Ltd, KNORR-BREMSE AG, Nissin Kogyo Co., Ltd, CONTINENTAL AG, and BREMBO SPA. Leading players are employing several growth strategies, such as new product launches and joint ventures, to increase their production capacity.

For instance,

• In 2023, Bosch invested US$ 283.2 million to expand its facility in Aguascalientes, Central Mexico. The investment is projected to allow the factory to produce electronic parking brakes (EPB) for top automakers, including Tesla, BMW, and Nissan.
• In 2022, Continental announced that producing five million electronic brake systems (EBS) at its Gurgaon factory marked a significant milestone.

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Brake System Market Segmentation by Category

By Product Type:

• Disc Brakes
• Drum Brakes
• Hydrostatic Brakes
• Hydraulic Wet Brakes
• Regenerative and Dynamic Braking

By End-use:

• Automotive
• Construction Equipment
• Agricultural Equipment
• Industrial Trucks
• Mining Equipment

By Distribution Channel:

• Original Equipment Manufacturers (OEMs)
• Aftermarket

By Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705

For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

In 2023, the Windscreen Adhesives Market Share is expected to be worth US$ 2.8 billion. The market is expected to reach US$ 5.5 billion by 2033, expanding at an 7.8% CAGR throughout the forecast period. The Windscreen Adhesives industry is driven by several factors, including the quick development of emerging nations and the increasing need for lightweight and durable vehicle.

Windscreen Adhesives are becoming necessary to give the car’s windscreen enough support in a collision or accident to keep passengers safe. For you to be as safe as possible, your automobile windscreen must have a high-quality adhesive. The increased demand for these adhesives is also being fueled by growing awareness of lightweight vehicle.

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The Windscreen Adhesives industry faces several obstacles, including high initial costs and a lack of suitable alternatives. For new companies in the industry, the high initial cost of Windscreen Adhesivess represents a considerable barrier. Additionally, these devices can have high operational and maintenance costs, which end users find concerning.

The market is flooded with opportunities that provide comparable advantages at a cheap price, which is a serious threat to the Windscreen Adhesives sector. The necessity for durability and strength of adhesives might help the Windscreen Adhesives sector expand.

The Windscreen Adhesives business has a lot to gain from the OEM industry. As it is OEM-recommended adhesive type In the case of a rollover, polyurethane stops your car’s windscreen from separating from the frame or folding inward on you. Additionally, it is exceptionally robust and abrasion-resistant, has superior elongation and exceptional flexibility.

Over the past century, heavy equipment and speciality vehicles’ windscreen bonding and sealing have changed. Although older style tractors and vehicles still use conventional rubber mounted gaskets and sticky butyl tapes in the field, original equipment manufacturers (OEMs) and repair and maintenance specialists now prefer to use liquid adhesives to secure stationary windows and windscreens to vehicle cabs.

Key Takeaways from the Windscreen Adhesives Market:

• The Windscreen Adhesives industry in the United States is predicted to reach US$ 0.8 billion by 2033, increasing at a 6.9% CAGR.
• The Windscreen Adhesives industry in the United Kingdom is estimated to reach a market share of US$ 0.71 billion, expanding at a CAGR of 7.2% by 2033.
• During the forecast period, the Windscreen Adhesives industry in China is expected to reach a market share of US$ 1.1 billion, securing an 7.1% CAGR.
• The Windscreen Adhesives industry in Japan is predicted to reach US$ 0.93 billion by 2033, increasing at a 7.1% CAGR.
• South Korea’s Windscreen Adhesives industry is predicted to achieve a market share of US$ 0.88 billion, rising at an 7% CAGR during the forecast period.
• With a CAGR of 7.9% from 2022 to 2033, the Polyurathane segment is expected to dominate the Windscreen Adhesives industry.
• With a CAGR of 7.8% from 2022 to 2033, the Automobile industry is expected to dominate the Windscreen Adhesives industry.

How Does the Competition Look in the Windscreen Adhesives Market?

The Windscreen Adhesives industry has a highly competitive landscape, with a significant number of players vying for market share. Several significant participants in this industry comprise Henkel Adhesive Technologies, DOW Inc, 3M, H.B. Fuller, WEICON, Panacol, Marston-Domsel, Master BondInc, Krafft, Permatex among other companies.

The main players are notably investing in research and development endeavors to create novel and inventive goods that provide improved effectiveness, dependability, and affordability. They are additionally concentrating on broadening their range of products and reinforcing their distribution channels to meet the changing demands of clients.

Tactical alliances and associations with other corporations are progressively prevalent in the sector, enabling participants to utilize one another’s capabilities and broaden their influence in the marketplace.

Consolidation and mergers are being utilized by leading players to fortify their market standing and acquire entry to fresh markets. The sector is experiencing notable expansion in developing economies, especially in nations such as India and China.

Key players are expanding their presence in these markets by establishing local manufacturing facilities and strengthening their distribution networks. They are also focusing on offering cost-effective solutions to customers in these markets to gain a competitive edge.

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Segmentation Analysis of the Windscreen Adhesives Market

By Adhesive Type:

• Urathane
• Polyurathane
• Silyl modified Polymer
• Modified silane Polymer

By Curing Method:

• UV Curing
• Heat Curing
• Moisture Curing
• Microwave Curing

By Application Method:

• Brushing
• Flowing
• Spraying

By End Use Industry:

• Automobile
• Aerospace

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• East Asia
• South Asia & pacific
• The Middle East & Africa

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

In 2023, the Mid-Lift Axle market share is expected to be worth US$ 2,818.0 million. The market is expected to reach US$ 4,813.6 million by 2033, expanding at a 5.5% CAGR throughout the forecast period. The Mid-Lift Axle industry is driven by several factors, including rising urbanization which is resulting in increment of recreational activities, increasing road transportation and construction businesses.

Mid-Lift Axles are necessary part of coupling equipment and is primarily employed to attach an object such as trolley, trailer or storage compartment. The need for Mid-Lift Axles is mainly being driven by the expansion of construction, transportation and logistics sectors. The increased demand for these gadgets is also being fueled by growing popularity of recreational sports, fishing and boating which needs an attachment with vehicle for the transport.

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The Mid-Lift Axle industry faces several obstacles, including high initial costs and a lack of suitable alternatives. The high initial cost of the product is mainly due to expensive and extensive testing process the product has to go through. There are several destructive and nondestructive testing methods used to ensure the product quality and verify the standards before certifying it. This makes it difficult for a manufacturer to provide a wide portfolio with different load bearing capacities for a consumer.

Despite of these hurdles market offers plenty of growth opportunities for key manufacturer as well as local players. The mid-lift Axle market has plenty of opportunities due to rapid transformation of automobile sector from ICE vehicles to EV for commercial as well as public transport purposes.  Market is also getting more opportunities with rising popularity of recreational activities and off-road vehicles.

Technological development about the product is driven by advancement in material sciences which improves the robustness of the product along with increasing the load bearing capacity and reduction in its weight.

Key Takeaways from the Mid-Lift Axle Market:

• The Mid-Lift Axle industry in the United States is predicted to reach US$ 2,327.5 million by 2033, increasing at a 6.0% CAGR.
• The Mid-Lift Axle industry in Japan is estimated to reach a market share of US$ 1,221.7 million, expanding at a CAGR of 5.4% by 2033.
• During the forecast period, the Mid-Lift Axle industry in Germany is expected to reach a market share of US$ 747.0 million, securing a 5.6% CAGR.
• The Mid-Lift Axle industry in South Korea is predicted to reach US$ 559.4 million by 2033, increasing at a 5.2% CAGR.
• China’s Mid-Lift Axle industry is predicted to achieve a market share of US$ 423.0 million, rising at a 5.8% CAGR during the forecast period.
• With a CAGR of 5.9% from 2022 to 2033, the mechanical mid-lift Axle segment is expected to dominate the Mid-Lift Axle industry.
• With a CAGR of 5.6% from 2022 to 2033, the transportation and logistics industry is expected to dominate the Mid-Lift Axle industry.

“Mid-lift axles have emerged as a pivotal innovation in the automotive industry, offering improved load-bearing capacity and fuel efficiency for commercial vehicles. The findings highlight a growing trend towards the adoption of mid-lift axles by fleet operators seeking to enhance their transportation efficiency while reducing operational costs.” – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

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How Does the Competition Look in the Mid-Lift Axle Market?

The Mid-Lift Axle industry has a highly competitive landscape, with a significant number of global and local players trying for bigger market share. Several significant participants in this industry comprise Fox Racing Shox, King Shocks, WP Suspension, Tokico, Bilstein, KYB, Monroe, Hagglunds, Rancho, Duro Line, Race Tech, Fabtech, Heidts, Quality Control Suspension, Performance Products Inc. etc.

Key manufacturers primarily invest in research for product development and innovation. A significant amount of the investment share is also given to improvement of different testing techniques which could be employed to check the product quality and certify the load bearing capacity.

Strategic partnerships between market participants allows players to increase their product portfolio to meet the customized requirement of consumers. Medium sized industry manufacturing the product may also strategize the product development with help of research at educational institutes such as universities, colleges and research firms.

Main expansion strategy adapted by key manufacturers is acquisition of the local players which allows key manufacturer to improve their global footprint and it also gives an easy access to the local distributor and supplier network. On the other hand, it allows local players to expand their product portfolio with an international recognition.

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Segmentation Analysis of the Mid-Lift Axle Market

By System Type:

• Mechanical Mid-Lift Axle
• Air Suspension Mid-Lift Axle

By Capacity:

• Light Duty Mid-Lift Axle
• Medium Duty Mid-Lift Axle
• Heavy Duty Mid-Lift Axle

By Vehicle Type:

• LCV
• HCV
• Off Road Vehicles

By Industry Application:

• Recreational
• Agriculture
• Construction
• Transportation and Logistics
• Others

By Region:

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

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global off-road motorcycle market share is anticipated to augment at a robust CAGR of 5.9% over the forecast period from 2022 to 2032. The market is likely to reach a valuation of nearly US$ 27 Billion by the end of 2032.

The Off-Road Motorcycles Market is witnessing significant growth driven by several factors, including the increasing popularity of recreational off-road riding, the rising demand for adventure and outdoor activities, and advancements in off-road motorcycle technology. Off-road motorcycles, also known as dirt bikes or trail bikes, are designed specifically for riding on unpaved surfaces such as dirt trails, rocky terrain, and rugged landscapes.

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One of the primary drivers of this market is the growing interest in outdoor recreational activities, including off-road motorcycling, among enthusiasts of all ages. Off-road motorcycles offer an exhilarating and challenging riding experience, allowing riders to explore remote and rugged terrain, navigate obstacles, and test their skills in a variety of off-road environments.

Moreover, advancements in off-road motorcycle technology, such as lightweight frames, powerful engines, advanced suspension systems, and durable components, are driving innovation in the market. These technological advancements enhance performance, reliability, and durability, providing riders with greater control, agility, and comfort in challenging off-road conditions.

Furthermore, the increasing popularity of off-road motorcycle racing events, such as motocross, enduro, and desert racing, is driving demand for high-performance off-road motorcycles and aftermarket parts and accessories. These events attract riders and enthusiasts from around the world, stimulating growth in the off-road motorcycle market and supporting a thriving ecosystem of manufacturers, retailers, and event organizers.

Competitive Landscape

Off-Road Motorcycles manufacturers are massively aiming at creating new design concepts, harnessing new technologies, developing lower-cost models to attract wider audiences, and creating more environmentally efficient versions of their products.

Key Companies Covered

• Harley-Davidson Incorporation
• Yamaha Motor Co., Ltd.
• Ducati Motor Holding S.p.A.
• Honda Motor Co., Ltd.
• Kawasaki Heavy Industries, Ltd.
• BMW AG
• Suzuki Motor Corp.
• Hero Motocorp Ltd.
• Bajaj Auto Ltd.
• TVS Motor Company

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Key Segments Covered in Off-Road Motorcycles Industry Survey

Off-Road Motorcycles Market by Type:

• Display Motocross Motorcycles
• Enduro Motorcycles
• Trail Motorcycles
• Track-racing Motorcycles

Off-Road Motorcycles Market by Sales Channel:

• Retail Sales
• Institutional Sales

Off-Road Motorcycles Market by Region:

• North America Off-Road Motorcycles Market
• Europe Off-Road Motorcycles Market
• Asia Pacific Off-Road Motorcycles Market
• Middle East & Africa Off-Road Motorcycles Market
• Latin America Off-Road Motorcycles Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Over the forecast period of 2022-2032, the automotive actuator market share is expected to grow at a CAGR of 6.6% to reach a valuation of US$ 25.4 Billion by 2032.

Automotive actuators are a crucial component of electronic control systems in vehicles as they aid in the conversion of electrical impulses from control units to action. Various types of automotive actuators are utilized in vehicle models, and different actuators perform different roles depending on the vehicle function. The job of the actuator in the engine control system is to operate air flaps for torque and power optimization while maintaining idle speed.

Actuators in vehicles have become more popular as consumers are becoming more mindful of excessive carbon emissions and high gasoline and diesel usage. These actuators help in the regulation of fuel consumption as well as the reduction of pollutant emissions by supplying the required quantity of fuel to the engine and controlling the fresh air supply.

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The automotive actuator market will benefit from rising demand for passenger automobiles over the forecast period. However, the possibility of an electric component failing in an electric actuator, as well as a rise in malfunctioning components, might stifle global automotive actuator market growth. Nonetheless, increasing demand from the automotive sectors in China, the U.S., and Germany is expected to drive growth in the market.

“Rising adoption of fuel-efficient and luxury automobiles, along with increasing production of autonomous vehicles will continue fueling sales of automotive actuators over the assessment period.” says an FMI analyst.

Key Takeaways:

• By product type, transmission actuator sales are expected to grow at a CAGR of 6.6% over the forecast period.
• Based on vehicle type, the passenger vehicle segment will dominate the market with more than 75% of the market share.
• In terms of working type, the electromagnetic segment is expected to lead with a market share of more than 39.9%.
• By sales channel, OEM segment is expected to expand at a CAGR of 6.5% through 2032.
• Total sales in the U.S. automotive actuators market will reach a valuation of US$ 1.3 Bn by 2032.
• The China automotive actuators market will offer an absolute incremental opportunity of US$ 3.8 Bn over the forecast period.
• Germany will account for 31.7% of the Europe automotive actuator market share in 2022.

Competitive Landscape

Some of the leading automotive actuator manufacturers are Denso Corporation, Hitachi, Ltd., Robert Bosch GmbH, Nidec Corporation, Mitsubishi Heavy Industries Ltd., ZF Friedrichshafen AG, Magna International, Inc., and Mahle GmbH.

Technological developments along with collaborations and mergers and acquisitions by key market participants are expected to fuel the automotive actuator market.

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Automotive Actuator Market by Category

By Product Type:

• Transmission Actuator
• Driveline Actuator
• Brake Actuator

By Vehicle Type:

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Working Type:

• Pneumatic
• Hydraulic
• Electromagnetic
• Electric

By Sales Channel:

• Original Equipment Manufacturer (OEM)
• Aftermarket

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

In 2021, the Automotive Engine Valve Market Share was worth US$ 5.89 billion. The valuation has grown to US$ 6.2 billion as of 2022. During the forecast period, the car engine valve market is anticipated to expand at a CAGR of 2.3%. By 2032, the industry is anticipated to be worth US$ 7.78 billion.

The Automotive Engine Valve Market is experiencing significant growth driven by several factors, including the increasing production of vehicles, advancements in engine technology, and the growing demand for fuel-efficient and high-performance engines. Engine valves are critical components of internal combustion engines, controlling the flow of air and fuel into the combustion chamber and the expulsion of exhaust gases.

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One of the primary drivers of this market is the growing demand for vehicles worldwide, particularly in emerging economies experiencing rapid urbanization and industrialization. As vehicle production volumes increase, the demand for engine valves also rises, driving market growth.

Moreover, advancements in engine design and technology, such as variable valve timing (VVT), cylinder deactivation, and turbocharging, are driving innovation in the market. These technologies require specialized engine valves capable of operating under a wide range of conditions, optimizing engine performance, fuel efficiency, and emissions.

Furthermore, the increasing focus on environmental sustainability and regulatory compliance is driving demand for engine valves that contribute to lower emissions and improved fuel economy. Engine valve manufacturers are developing lightweight materials and coatings, as well as improving valve design and manufacturing processes to enhance efficiency and reduce environmental impact.

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

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Key Segments in the Automotive Engine Valve Market

By Product Type:

• Mono Metallic Valves
• Bimetallic Valves
• Hollow Valves

By Vehicle Type:

• Compact Passenger Cars
• Mid-Sized Passenger Cars
• Premium Passenger Cars

By Material Type:

• Steel
• Titanium
• Nickel Alloy

By Sales Channel:

• OEM
• Aftermarket

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The global automotive AC compressor market share is projected to experience a Compound Annual Growth Rate (CAGR) of 3.9% throughout the forecast period, driven by the increasing demand. By 2033, it is expected to reach a valuation of approximately US$ 14.1 billion, compared to its current worth of US$ 9.6 billion in 2023.

The Automotive AC Compressor Market is experiencing steady growth driven by several factors, including the increasing demand for passenger comfort, rising temperatures, and advancements in automotive air conditioning technology. Automotive AC compressors play a critical role in the air conditioning system of vehicles, as they are responsible for compressing and circulating refrigerant to cool the interior of the vehicle.

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One of the primary drivers of this market is the growing consumer demand for comfort and convenience features in vehicles, particularly in regions with hot climates. Air conditioning systems have become a standard feature in modern vehicles, driving the demand for efficient and reliable AC compressors that can provide rapid cooling and consistent performance.

Moreover, advancements in compressor technology, such as variable displacement compressors, scroll compressors, and electric compressors, are driving innovation in the market. These technologies offer benefits such as improved energy efficiency, reduced noise and vibration, and enhanced durability, contributing to overall vehicle efficiency and performance.

How are Key Companies Adding Value to the Global Market?

The present prominent players in the globe highly fragment the global market. These players are focused on innovating unique and improved products by investing heavily in research and development activities. These players are adopting various advanced technologies to provide high-quality, sustainable, and better-performance AC compressors to satisfy consumers’ desires.

They design light weighted and compact compressors without lacking their performance. Key players adopt various commonly used marketing strategies to expand the global market to another height. These marketing tactics are mergers, acquisitions, collaborations, product launches, and partnerships.

Key Companies Profiled

Toyota Industries, TD Automotive Compressor, Gardner Denver, Delphi PLC., SANDEN USA, Denso Auto Corporation, Michigan Automotive Compressor Inc., General Auto, OMEGA Environmental Technologies, Yantai Shougang TD Automotive Compressor Co. Ltd., HELLA KGaA Hueck & Co., Zhejiang Santian A/C compressor Co. Ltd., Valeo S.A., Calsonic Kansei Corporation, Mitsubishi Heavy Industries, Highly Marelli Holdings Co. Ltd., Dunair Smiths Manufacturing PTY Ltd., Behr Hella Service GmbH, Keihin Corporation, Continental AG, Robert Bosch GmbH, SANTIAN A/C COMPRESSOR CO. LTD., etc.

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Key Segments Profiled in the Automotive AC Compressor Market Survey

By Configuration:

• Scroll Type Compressor
• Rotary Type Compressor

By Vehicle Type:

• Passenger Cars
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Product Type:

• Fixed Displacement Type
• Continuous Variable Displacement Type
• Electrically Operated

By Sales Channel:

• Original Equipment Manufacturer
• Aftermarket

By Region:

• North America
• Latin America
• Asia Pacific
• Middle East and Africa
• Europe

Author

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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