Two Wheeler Accessories Aftermarket to Reach US$ 45,608.96 Million by 2033 with 8.60% CAGR

The two wheeler accessories aftermarket share is predicted to be valued at US$ 19,987.20 million in 2023 and US$ 45,608.96 million by 2033. Over the projection period, sales in the two wheeler accessories aftermarket are expected to increase at a CAGR of 8.60%.

The Two Wheeler Accessories Aftermarket is experiencing rapid growth driven by the increasing popularity of motorcycles and scooters globally. Two-wheeler enthusiasts and riders seek aftermarket accessories to personalize and enhance the performance, comfort, and aesthetics of their vehicles. Accessories such as helmets, riding gear, aftermarket exhaust systems, handlebar grips, LED lighting, luggage racks, and protective covers are in high demand, offering riders the opportunity to customize their two-wheelers according to their preferences and riding style.

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Moreover, the aftermarket provides a wide range of options for riders to improve the functionality and appearance of their motorcycles or scooters, catering to diverse needs and preferences. Independent retailers, online platforms, and specialty stores play a crucial role in supplying aftermarket accessories to meet the growing demand from two-wheeler enthusiasts. As the market continues to evolve, driven by changing consumer preferences and advancements in accessory design and technology, the Two Wheeler Accessories Aftermarket is expected to expand further, presenting opportunities for manufacturers, retailers, and distributors to innovate and meet the needs of two-wheeler riders worldwide.

Key Takeaways from the Two Wheeler Accessories Aftermarket

  • The two wheeler accessories aftermarket is led by the India, projecting an 9.70% CAGR until 2033.
  • Germany is at the forefront, anticipating 8.30% CAGR growth by 2033.
  • United States is poised for an 8.00% CAGR by 2033.
  • The protective gear segment is set to dominate with a market share 30.0% through 2023.
  • FMI predicts the standard motorcycle segment to hold a market share of 30.5% in 2023.

“The two wheeler accessories aftermarket is a dynamic sector, offering riders a diverse range of customizations, from safety gear to aesthetic enhancements, catering to their unique needs and preferences.”

Key Companies Profiled

  1. TVS Motor Company
  2. Yamaha Motor Company Ltd.
  3. Hero Motocorp Ltd.
  4. Harley Davidson
  5. Vega Auto Accessories Ltd.
  6. Studds Accessories Ltd.
  7. OM Steel Industries
  8. Osram Licht AG
  9. AGV Sports Group
  10. Steelbird Hi- Tech India Pvt. Ltd.
  11. YF Protector Co. Ltd
  12. Alpinestars USA Inc.
  13. AltRider LLC.
  14. Cobra USA Inc.
  15. Motorsport Aftermarket Group
  16. Rizoma S.r.l
  17. Scorpion Sports Inc.

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Key Segments Covered in The Two Wheeler Accessories Aftermarket Report

Two Wheeler Accessories Aftermarket by Product:

  • Handle Accessories
    • Handlebars
    • Grips
  • Electrical & Electronics
    • Lightings
    • Horns
  • Frames & Fittings
    • Crash Protection
    • Windshield
    • Foot Pegs
  • Protective Gear
    • Helmets
    • Professional Body Wear
  • Bags & Carriage Frames
  • Exhaust Accessories
  • Seat Covers
  • Security Systems

By Sales Channel:

  • Online
  • Authorized Outlets
  • Independent Outlets

 

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia & Pacific
  • East Asia
  • 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
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Automotive Ignition Coil Market Set to Reach US$ 5,108.65 Million by 2033

The automotive ignition coil market growth is expected to reach US$ 3,289.60 million in 2023. The market is predicted to reach a value of US$ 5,108.65 million in 2033. Between 2023 and 2033, the market is expected to register a CAGR of 4.50%. Coils perform the same basic function in all modern petrol engines, creating the high voltage to light the spark plugs.

The Automotive Ignition Coil Industry plays a critical role in the functioning of internal combustion engines by providing the high-voltage spark needed to ignite the air-fuel mixture in the engine cylinders. Ignition coils are essential components of the ignition system in gasoline-powered vehicles, responsible for converting low-voltage power from the battery into the high-voltage pulses needed to create the spark at the spark plugs.

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The industry is driven by several factors, including the growth of the automotive market, technological advancements in ignition systems, and increasing demand for fuel-efficient and low-emission vehicles. As automotive manufacturers strive to comply with stringent emissions regulations and improve engine performance, the demand for high-quality ignition coils that deliver reliable spark performance and durability is on the rise.

Moreover, advancements in ignition coil technology, such as the development of coil-on-plug (COP) systems and pencil coils, are driving innovation in the industry, offering benefits such as improved ignition timing, enhanced engine efficiency, and reduced emissions. Additionally, the increasing electrification of vehicles and the transition toward hybrid and electric powertrains are shaping the future of the automotive ignition coil industry, with opportunities for manufacturers to develop innovative solutions tailored to the evolving needs of electric and hybrid vehicles.

Furthermore, aftermarket demand for ignition coils is significant, driven by the need for replacement parts due to wear and tear, aging, and performance upgrades. Independent repair shops, automotive parts retailers, and online marketplaces are key channels for aftermarket ignition coil sales, providing consumers with a wide range of options for replacement and upgrade solutions.

Overall, the Automotive Ignition Coil Industry is poised for steady growth, driven by technological advancements, regulatory requirements, and the ongoing evolution of the automotive market. Manufacturers that innovate in coil design, materials, and manufacturing processes, while meeting quality standards and performance requirements, are well-positioned to capitalize on opportunities in the dynamic automotive ignition coil market.

Key Takeaways

  • According to FMI, double spark coils are expected to hold 58.5% of market revenue by 2033.
  • According to the forecast, passenger cars are expected to account for a 76.8% market share.
  • The United Kingdom is expected to experience a CAGR of 3.4% until 2033.
  • In 2033, the demand for ignition coils in the United States is expected to increase by 3.3% CAGR.
  • By 2033, the automotive ignition coil market in India is predicted to expand at 5.4% CAGR until 2033.

“3D design automotive ignition coils and compact models will drive demand. Increasing safety regulations and demand for passenger vehicle sales will drive market growth in the near future.,” – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

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Competitive Landscape

Several companies operate in the automotive ignition coil market, which is moderately competitive. A niche market for a specific demographic is becoming increasingly common among players. A high focus on innovation and strong partnerships has benefited the market. Due to these developments, a number of automotive ignition coils have been introduced in recent years.

Key Companies Profiled

  • Denso Corporation
  • Federal-Mogul Corporation
  • NGK Spark Plug Co. Ltd.
  • BorgWarner Ludwigsburg GmbH
  • Valeo SA
  • Robert Bosch GmbH
  • Delphi Automotive PLC
  • Hitachi Automotive Systems Americas Inc.
  • Mitsubishi Electric Corporation
  • Standard Motor Products
  • Marshall Electric Corp
  • AcDelco

Segmentation Analysis of the Automotive Ignition Coil Market

By Product Type:

  • Can-Type Ignition Coil
  • Electronic Distributor Coil
  • Double Spark Coil
  • Pencil Ignition Coil
  • Ignition Coil Rail
  • Others

By Vehicle Type:

  • Passenger Cars
  • LCV
  • HCV

By Sales Channel:

  • Original Equipment Manufacturers (OEM)
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The 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


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Fifth Wheel Coupling Market Poised to Exceed US$ 1.1 Billion by 2033 with 5.8% CAGR

The fifth wheel coupling market is valued at US$ 637.1 Million as of 2023. By 2033, the market is expected to be valued at US$ 1.1 Billion and is projected to grow at a CAGR of 5.8% during the forecast period.

Automobile manufacturers are laying a lot of emphasis on passenger safety. Owing to this, the manufacturers are investing huge amounts in technologies like ADAS. These technologies are known to work in tandem with fifth-wheel couplers, which is expected to surge their demand. Apart from that, the manufacturers have also pointed out that the adoption of this system helps in improving fuel efficiency and reducing the weight of the vehicle.

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Apart from that, there are rising initiatives from governments worldwide to improve the existing infrastructure. The heavy vehicles that are used for construction purposes are enhanced with the fifth wheel couplers. The application of these couplers assists in safeguarding heavy vehicles from rollovers. This is expected to increase the demand for fifth-wheel coupling going ahead.

Furthermore, the world is also witnessing an increase in waste management activities. The logistics aspect becomes extremely crucial, especially when dealing with bulk quantities of waste during the process of incineration. Heavy vehicles are being employed to deal with huge quantities of waste products.

However, the implementation of the fifth wheel coupler comes with its own share of challenges. The high cost that is associated with the trailers is expected to challenge the market growth during the forecast period. Apart from that, the issues created due to spring tension might create more hurdles.

Thus, from the insights provided by the FMI researchers, it can be inferred that an “increase in automobile manufacturing, coupled with initiatives from governments worldwide to maintain cleanliness and a number of other factors are expected to surge the growth of fifth wheel coupling market.”

Key Takeaways:

  • The fifth wheel coupling market is expected to grow at a CAGR of 5.8% during 2023-2033.
  • As of 2023, the market is valued at US$ 637.1 Mn.
  • By 2033, the market is expected to be valued at US$ 1.1 Bn.
  • Based on regional analysis, North America is currently the largest market.
  • The USA market is expected to grow at a CAGR of 5.1%.
  • The UK market is expected to grow at a CAGR of 4.4%.
  • The German fifth wheel coupling market is expected to grow at a CAGR of 3.9%.
  • The China market is anticipated to grow at a CAGR of 6.1%.
  • The Indian market is projected to grow at a CAGR of 6.9%.
  • Based on the product type, the compensating segment is expected to hold the largest market share, and is projected to grow at a CAGR of 4.7%.
  • Based on the operation, the mechanical segment is expected to hold the largest market share, and is projected to grow at a CAGR of 5.2%.

Some of the recent developments in the fifth wheel coupling market are:

  • In May 2022, JOST werke displayed its products at the Transpotec Logitec 2022. The company mainly demonstrated KKS automatic coupling system.
  • In March 2022, Fontaine Fifth Wheel launched a new line of fifth wheels for heavy and severe duty applications.

Competitive Landscape

The key players operating in the market are majorly focusing on mergers. On a bid to explore newer markets, the key players are investing huge amounts on mergers and acquisitions. Apart from that, the market is also witnessing huge amounts being invested in R&D activities.

The top players are:

  • JOST Werke AG
  • SAF Holland
  • Fontaine Fifth Wheel
  • Guangdong Fuwa Engineering Group
  • Zhenjiang Baohua Semi-trailer parts

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Fifth Wheel Coupling Market Segmentation

By Product Type:

  • Compensating,
  • Semi Oscillating,
  • Fully Oscillating

By Operation:

  • Hydraulic,
  • Pneumatic,
  • Mechanical

By Capacity:

  • below 20 tons,
  • between 20 tons to 30 tons,
  • between 30 tons to 45 tons,
  • above 45 tons

By Material Type:

  • Cast Steel,
  • Cast Iron,
  • Fabricated Steel,
  • Aluminium,
  • Others

By Sales Channel:

  • OEM,
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • MEA

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

 

 

Thin Insulation Market: Expected to Reach US$ 4 Billion by 2033 with 5.5% CAGR

The thin insulation market growth is anticipated to increase at a CAGR of 5.5% from 2023 to 2033, reaching US$ 2.3 Billion by 2023. The thin insulation industry is to hit US$ 4 Billion by 2033.

North America, Thin Insulation Market, Takes the Lead

North America is anticipated to have a significant thin insulation market due to the existence of many important enterprises in the region. The main reasons impacting the need for thin insulation in the region are the increased emphasis on energy-efficient buildings, strict insulation regulations, and new building rules.

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China is the swifts-growing country in the region, making the Asia Pacific region with quick market growth for thin insulation. Further, the number of people moving from rural to urban regions is rising, boosting the demand for new homes and expanding the market. The expanding construction industry and improvements in process manufacturing primarily drive the thin insulation industry in the Asia Pacific.

Excellent thermal resistance and UV protection are provided by thin insulation. The thin insulation market is expanding as a result of the building and construction industry’s explosive need for thin insulated films for use in window panels.

The pharmaceutical industry’s expanding usage of thin insulation to shield drugs from heat and moisture while in transit is another factor accelerating the market expansion. Moreover, the expanding use of thin, lightweight thermal insulation films in automobiles for soundproofing and heat reduction contributes to the market expansion for thin insulation. The thin insulation industry is constrained by the negative environmental effects of insulation film made of plastic.

Increasing Use of Thin Insulation

The thin insulation industry may expand as a result of the growing use of plastic foams in the automotive industry, improved infrastructure, rising demand for strong, portable goods, and increased use in thermal and industrial operations. Rapid urbanization and expansion have also increased construction activities for infrastructure, commercial buildings, homes, and other structures, which may result in high thin insulation demand.

Spending on Improvements and Construction

It is predicted that between 2023 and 2033, the building and construction industry’s strong global spending may present significant prospects to thin insulation industry participants. Also, the market’s numerous developments and improvements may boost the thin insulation market’s potential future expansion.

Market Restraints for Thin Insulation

The thin insulation industry may face challenges as a result of the high capital expenses. Further, the market may suffer from the expanding environmental side effects. This factor may hamper the market growth rate for thin insulation.

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Key Takeaways from Thin Insulation Market:

  • The foams segment in the type category to expand at a CAGR of 5.4% from 2023 to 2033.
  • In the end-use category, the automotive segment is estimated to develop at a CAGR of 5.2% between 2023 and 2033.
  • The United States thin insulation business reached US$ 734.4 million, expanding at a CAGR of 5.5% through 2033.
  • The United Kingdom thin insulation market is to reach US$ 156.8 million, evolving at a CAGR of 5.3% through 2033.
  • China’s thin insulation business is predicted to hit US$ 869.8 million, expanding at a CAGR of 5.4% through 2033.
  • South Korea’s thin insulation industry is anticipated to secure US$ 207.6 million, thriving at a CAGR of 5.0% through 2033.
  • Japan’s thin insulation business is to reach US$ 770.2 million, capturing a CAGR of 5.4% through 2033.

Competitive Landscape of Thin Insulation Market

There is market consolidation in the thin insulation sector. Key players in the market follow a few key strategies such as partnerships, acquisitions, and collaborations to strengthen their position in the market.

Top 5 Key Players of Thin Insulation Market

  1. Dow
  2. Armacell
  3. Johns Manville
  4. BASF SE
  5. Cabot Corporation

Crucial Advancement

  • Launch

Rich-E-Board, a 1′′ thick vacuum insulation, was introduced by R-50 Systems, LLC in August 2018. It is a green, sustainable, ultra-thin insulation option that insulates effectively compared to other options, cutting the price of structural renovations and building changes while boosting the amount of usable space for homes and businesses.

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Key Segments of Thin Insulation Market

By Type:

  • Foams
  • Vacuum Insulation Panels
  • Sheets & Films
  • Coatings
  • Others

By End-Use:

  • Building & Construction
  • Automotive
  • Aerospace
  • Oil & Gas
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America

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

 

Japan and United Kingdom Poised to Lead Pharmacy Automation Market Boom with Government Support and Rising Demand | FMI

“Global pharmacy automation market is on track for a significant surge, with its value expected to reach over US$ 13.3 billion by 2033. This represents a remarkable growth trajectory from its US$ 5.6 billion valuation in 2023, fueled by a projected CAGR of 8.1%.”

 

Pharmacy Automation Market
Pharmacy Automation Market

The Japanese pharmacy automation market is on a fast track to growth, driven by a supportive government, an aging population with rising chronic diseases, and a focus on improving healthcare efficiency. According to a recent industry report, the market is expected to achieve a Compound Annual Growth Rate (CAGR) of 9.3% from 2023 to 2033.

The Japanese government is a strong advocate for pharmacy automation, recognizing its potential to improve patient care, reduce medication errors, and alleviate the burden on pharmacists. This commitment is evident in their funding for research and development efforts, as well as their ambitious target of having 50% of all pharmacies automated by 2025.

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“Japan’s dedication to pharmacy automation positions the country as a frontrunner in this rapidly evolving market,” says FMI, a leader in the field of pharmacy automation solutions. “With a growing number of citizens battling chronic illnesses like neurological disorders and cardiovascular disease, the demand for efficient and accurate medication dispensing will only continue to rise.”

This surge in chronic diseases presents a significant opportunity for the Japanese pharmacy automation market. By adopting these automated solutions, pharmacies can ensure timely and precise medication distribution, ultimately leading to better patient outcomes and a healthier population.

Thriving Medical Technology Landscape in the UK Poised for Explosive Growth:

The United Kingdom’s medical technology market is projected to surge at a compound annual growth rate (CAGR) of 9.1% from 2023 to 2033, driven by robust infrastructure, cutting-edge medical technology, and a growing emphasis on research and development (R&D).

This remarkable growth is fueled by several key factors:

  • Solid Foundation: The UK boasts a well-equipped healthcare infrastructure, providing a strong foundation for the adoption of advanced medical technologies.
  • Innovation Engine: Increased investments in R&D are propelling the creation of groundbreaking medical products and technologies, further propelling market expansion.
  • Rising Chronic Disease Rates: The global prevalence of chronic illnesses like obesity, asthma, and cancer is on the rise, creating a significant demand for innovative solutions within the medical technology sector.
  • Aging Population Boom: As the global population ages, the need for advanced healthcare solutions intensifies, presenting the medical technology industry with substantial growth prospects.

This promising outlook positions the UK as a thriving hub for medical technology advancements, promising significant benefits for patients, healthcare providers, and the overall economy.

Key Drivers of Market Growth:

Several factors are propelling the growth of the pharmacy automation market:

  • Rising medication use: The growing prevalence of chronic diseases and an aging population are leading to an increased demand for prescription medications, driving the need for efficient dispensing systems.
  • Focus on medication adherence and dispensing accuracy: Pharmacy automation solutions can significantly improve medication dispensing accuracy and adherence, reducing medication errors and improving patient outcomes.
  • Labor cost optimization in pharmacies: Automation helps pharmacies streamline dispensing processes, optimize workflow, and reduce labor costs associated with manual dispensing.
  • Integration with electronic health records (EHR): Advanced pharmacy automation systems integrate seamlessly with EHR systems, providing pharmacists with real-time patient medication data and promoting better healthcare coordination.

BD Announces Acquisition of Parata, Strengthening Presence in Pharmacy Automation Space:

BD (Becton, Dickinson and Company) continues its strategic expansion with the acquisition of Parata Systems, a move set to propel the company into new realms of growth within the pharmacy automation sector. The acquisition, endorsed by BD chairman, chief executive, and President Tom Polen, underscores the company’s commitment to executing a disciplined M&A strategy to meet evolving healthcare demands.

Tom Polen remarked, “Parata expands BD’s solutions to a new area of the high-growth pharmacy automation space and is a prime example of BD executing our disciplined M&A strategy. Parata has a highly attractive financial profile and compelling value proposition that meets all of our rigorous investment criteria on growth, profitability, and returns. With the addition of Parata, BD further advances our 2025 growth strategy around smart, connected care and enabling new care settings.”

Parata brings to BD a robust financial profile and a compelling value proposition, aligning seamlessly with BD’s investment criteria of growth, profitability, and returns. This strategic acquisition amplifies BD’s position in the pharmacy automation domain, marking a significant step towards achieving its 2025 growth strategy focused on smart, connected care and expanding care settings.

The integration of Parata into BD’s ecosystem promises to enhance the delivery of innovative healthcare solutions to meet the evolving needs of patients and providers alike. Leveraging Parata’s expertise and technology, BD is poised to drive advancements in pharmacy automation, thereby optimizing patient care delivery and streamlining operational efficiency.

BD remains steadfast in its commitment to pioneering solutions that enable smarter, more connected healthcare. The acquisition of Parata underscores BD’s dedication to innovation and growth, further solidifying its position as a global leader in healthcare solutions.

Conclusion:

The pharmacy automation market is on a robust growth trajectory, fueled by rising healthcare needs, technological advancements, and increasing focus on medication safety and efficiency. As healthcare systems worldwide strive to optimize workflows and improve patient care, pharmacy automation solutions are poised to play a vital role in the future of medication management.

Two Wheeler Aftermarket Components & Consumables Market Expected to Reach US$ 58 Billion by 2033

The global two wheeler aftermarket components & consumables market share is anticipated to attain a valuation of US$ 29.3 billion in 2023 and is expected to reach US$ 58 billion by 2033, trailing a CAGR of 7% during the forecast period.

The Two Wheeler Aftermarket Components & Consumables Market is witnessing robust growth driven by several factors including increasing motorcycle and scooter ownership, rising demand for customization and performance enhancement, and the need for regular maintenance and replacement of components and consumables. Two-wheelers, including motorcycles and scooters, are popular modes of transportation globally, particularly in urban areas where they offer convenience, affordability, and agility in navigating through traffic.

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As the number of two-wheelers on the road continues to grow, so does the demand for aftermarket components and consumables such as tires, brakes, filters, lubricants, batteries, and various replacement parts. Riders often seek aftermarket solutions to upgrade their vehicles’ performance, enhance aesthetics, or replace worn-out parts with higher-quality alternatives. Moreover, the aftermarket offers a wide range of options for customization, allowing riders to personalize their vehicles according to their preferences and riding style.

Additionally, regular maintenance and servicing are essential for ensuring the safety, reliability, and longevity of two-wheelers, driving demand for consumables such as engine oil, spark plugs, air filters, and brake pads. Independent repair shops, online retailers, and specialty stores play a crucial role in supplying aftermarket components and consumables to meet the diverse needs of two-wheeler owners.

Furthermore, technological advancements in aftermarket components, such as improved materials, advanced manufacturing techniques, and innovative designs, are contributing to market growth by offering higher performance, durability, and reliability compared to OEM (original equipment manufacturer) parts. As the aftermarket continues to evolve, driven by changing consumer preferences, technological innovation, and regulatory requirements, the Two Wheeler Aftermarket Components & Consumables Market is expected to expand further, presenting opportunities for manufacturers, retailers, and service providers to cater to the needs of two-wheeler enthusiasts and riders worldwide.

Key Takeaways

  • India two wheeler aftermarket components & consumables industry is projected to expand with a CAGR of 7.3% during the forecast period.
  • The demand for two wheeler aftermarket components & consumables in China is expected to capture a CAGR of 7.2% from 2023 to 2033.
  • By product type, the consumable segment is estimated to secure a CAGR of 7.5% during the forecast period.
  • North America is anticipated to expand with a CAGR of 6.9% between 2023 and 2033.

The rising shift of aftermarket toward online sales channels and growing demand for replacement parts is expected to drive market growth during the forecast period –Anticipated by an FMI Analyst.

Competitive Landscape

The market for two wheeler aftermarket components & consumables is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

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Key Segments Profiled in the Two-wheeler Aftermarket Components & Consumables Market

By Two-Wheeler Type:

  • Standard Motorcycle
  • Cruiser Motorcycle
  • Sports Motorcycle
  • Standard Scooter
  • Maxi Scooter
  • Mopeds

By Product Type:

  • Components
    • Fuel Injector
    • Fuel Filter
    • Air Filter
    • Brake Pads
    • Brake Shoes
    • Brake Caliper
    • Accelerator & Brake Cable
    • Electric Starter Motor
    • Clutch Plate
    • Chain & Sprocket
    • Battery
    • Headlight Bulb
    • Turn Indicator Bulb
    • Spark Plugs
    • Ignition Coil
    • Shock Absorber
    • Seat
    • Exhaust Muffler
    • Mirror
    • Tires
  • Consumables
    • Washing Shampoo
    • Cleaning Polish
    • Coolant
    • Engine Oil

By Sales Channel:

  • Authorized Dealers
  • Independent Dealers
  • Online

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The 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
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Automotive Back-Up Camera Market Set to Reach US$ 465.8 Million by 2033

The global automotive back-up camera market share in 2022 was US$ 292.7 million and is estimated to be US$ 302.9 million in 2023. According to Future Market Insights anticipation, the automotive back-up camera market is predicted to expand at a CAGR of 4.4% between 2023 and 2033, totaling around US$ 465.8 million by 2033.

The Automotive Back-up Camera Market is experiencing rapid growth driven by increasing safety regulations, consumer demand for advanced driver assistance systems (ADAS), and technological advancements in camera technology. Back-up cameras, also known as rear-view cameras or reverse cameras, provide drivers with a clear view of the area behind their vehicle, helping to prevent accidents, particularly in situations such as reversing and parking.

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Government regulations mandating the installation of back-up cameras in new vehicles to improve safety, coupled with rising consumer awareness of the benefits of ADAS features, are key drivers of market growth. Additionally, advancements in camera resolution, image processing, and integration with vehicle infotainment systems are enhancing the functionality and performance of back-up camera systems, further fueling market expansion.

Moreover, the increasing adoption of connected and autonomous vehicles is expected to drive further innovation in back-up camera technology, with features such as 360-degree surround-view cameras and augmented reality overlays becoming more prevalent. As automotive manufacturers continue to prioritize safety and enhance the driving experience, the Automotive Back-up Camera Market is projected to witness sustained growth, with opportunities for manufacturers to develop innovative solutions that meet the evolving needs of vehicle owners and regulatory requirements.

Key Takeaways from the Market Study

  • The global automotive back-up camera market expanded at a CAGR of 2.8% between 2018 and 2022.
  • North America is projected to exhibit significant growth with a market share of 33%.
  • The United States is forecasted to capture a market share of 28.9% between 2023 and 2033.
  • Europe is anticipated to emerge as a highly remunerative market for automotive backup cameras with a market share of 29.2%.
  • Based on vehicle type, the passenger vehicle segment mainly accounts for 63.2% of the global automotive back-up camera market.
  • Under position segment, surface mounted segment contributes to 52.3% of the global automotive back-up camera market.

“Swift rise in production and sales of automotive vehicles is considered as one of the key growth factors of the automotive back-up camera market”, – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

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Important Developments

  • In November 2022, Continental AG expanded its global activities in software development for the automotive industry. It is one of the leading providers in the field of automated and connected mobility, opening a development center for software and systems in Chongqing, southwest China. It is not going to increase Continental’s local capacity for software development in China, but it might also allow the DAX-listed company to strengthen its know-how and expertise in the field of software and system development for modern vehicle concepts.
  • In March 2023, HANOVER – Automotive supplier Continental presented its final business figures for the past year and might provide an outlook for the rest of 2023. According to preliminary data, the Hanover-based DAX-listed corporation could generate more sales but remained under pressure financially due to high additional costs for energy, transport and materials.

Key Companies Profiled

  • Robert Bosch
  • Continental AG
  • Denso Corporation
  • Garmin Ltd.
  • Magna International
  • Delphi Automotive
  • Astral
  • Valeo SA
  • Fabtec
  • EchoMaster

Key Segments Profiled in the Automotive Back-up Camera Market Survey

By Monitor:

  • LCD
  • LED
  • TFT- LCD

By Position:

  • Surface Mounted
  • Flush Mounted
  • License Mounted

By Vehicle Type:

  • Light Commercial Vehicle (LCV)
  • Passenger car (PC)
  • Heavy Commercial Vehicle (HCV)
  • Construction Vehicle

By Sales Channel:

  • Original Equipment Manufacturer (OEM)
  • After-Market

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The 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.

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

 

 

EV Charging Cable Market Size Surges to US$ 16,992.56 Million by 2034 with 22.24% CAGR

Following a thorough research of the electric three-wheeler business, FMI has released a new report on the EV charging cable market size. According to the analysis, sales of EV charging cables are now valued at US$ 2,281.63 million in 2024. According to this trend, demand might increase and result in a market valuation of US$ 16,992.56 million, with a CAGR of 22.24% by 2034.

The EV Charging Cables Market is witnessing significant growth in tandem with the rapid adoption of electric vehicles (EVs) worldwide. As the EV infrastructure expands to accommodate the increasing number of electric vehicles on the road, the demand for reliable and efficient charging cables is on the rise. EV charging cables play a crucial role in facilitating the charging process, providing a direct connection between the charging station or outlet and the electric vehicle.

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The market is driven by several factors, including government initiatives to promote electric vehicle adoption, advancements in charging technology, and the growing awareness of environmental sustainability. Moreover, the increasing range and efficiency of electric vehicles have boosted consumer confidence, leading to higher demand for EV charging cables for both residential and commercial applications. Additionally, innovations such as fast-charging cables and smart charging solutions are further driving market growth, offering convenience and flexibility to EV owners. As the EV market continues to expand and evolve, the EV Charging Cables Market is poised for continued growth, presenting opportunities for manufacturers to develop innovative, high-quality charging solutions to meet the diverse needs of electric vehicle users.

Key Takeaways

  • The implementation of electric vehicles is expanding in several countries all over the world with heavy investments in research and development in this sector. Numerous countries including the Netherlands, France, India, and Canada have launched various campaigns in order to encourage the adoption of electric vehicles. Automakers in the automotive sector are given by the state fixed quotas, tax breaks, subsidies, and rebates.
  • For purchasing purposes, entitlements are conveniently available for customers. Such considerations have caused a spike in the global production and sales of electric vehicles. In order to ensure the smooth functioning of vehicles, the surging inventory of electric vehicles necessitates the establishment of power grids and charging terminals.
  • The major factor driving growth in the EV charging cables market is the development of these vehicles which has resulted in advancements in electric vehicle charging technology and significant investments by automakers in electric vehicles.
  • Several organizations develop EV charging cables to make sure quick charging terminals are available for vehicles. Tesla has approximately 1600 supercharging stations available all over the North American region. This propels the development of charging infrastructure, resulting in propelling the global EV charging cable market.

Competitive Landscape

Key EV charging cable providers are rapidly adopting various marketing strategies including new product launches, geographical expansion, mergers and acquisitions, partnerships, and collaboration in order to increase sales and raise the interest of potential buyers to create a massive customer base and gain a competitive edge in the global EV Charging Cables market.

Key Companies Profiled

OSRAM Licht AG, Phoenix Contact, DYDEN Corporation, Prysmian S.p.A., TE Connectivity, Leoni AG, Aptiv, Tesla Inc., Huber & Suhner AG, Eland Cables, Coroplast, BRUGG Group, BESEN Group.

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Key Segments covered in the EV Charging Cables Industry Survey

By Power Supply:

  • AC Charging
  • DC Charging

By Product Type:

  • Mode 2 Charging Cables
  • Mode 3 Charging Cables

By Voltage Capacity:

  • 16 Amp
  • 32 Amp

By Application:

  • Private Charging
  • Public Charging

By Region:

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

More Insights into the EV Charging Cables Market

Asia Pacific EV charging market is expected to dominate the global market landscape. In 2019, the Asia Pacific EV Charging Cables Market was worth US$ 255 Million. Owing to the largest number of transactions and production of electric vehicles in this region, the Asia Pacific region is projected to dominate during the forecast period.

Due to the accelerated adoption of electric vehicles, China is considered the market’s largest contributor. Among several other countries, China is a dominant market leader in electric vehicle charging stations. As per the FMI analysis, China’s EV exports are anticipated to skyrocket over the next few years. In 2020, China generated a revenue of 1.5 million by selling EVs.

North America is the second largest EV charging cables market because of the widening quantity of electric vehicle customers in this region. Despite the COVID-19 challenges, the majority of the North American countries are expected to boost product sales and exports in 2020. The United States is considered a prominent player, providing opportunities for electric vehicle parts.

North America is accounting for a massive market share of 25.7% of the global EV charging cables market. Because of several technological advancements such as fast charging cables, type-2 connecter plugs, and so on have offered leading players in the market an opportunity to expand their horizons.

Europe’s EV charging cables market is expected to witness lucrative growth opportunities backed by the surging adoption of electric vehicles in this region as a result of escalating regulations on vehicle emissions in this region. Europe is accounting for a market share of 31.8% of the global EV Charging Cables market.

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

Aircraft Refurbishing Market Projected to Reach US$ 8,694.18 Million by 2034 with 5.82% CAGR

Ongoing Aircraft Refurbishing Market trends have the potential to reach US$ 8,694.18 million by 2034. According to the estimations, the market study shows a 5.82% CAGR till 2034. The market for aeroplane refurbishment is expected to be worth US$ 4,938.26 million by 2024.

The Aircraft Refurbishing Market is experiencing steady growth as airlines and aircraft owners seek to enhance the comfort, functionality, and aesthetics of their existing aircraft fleets. With the increasing demand for air travel and the aging of aircraft, refurbishing has become a cost-effective alternative to purchasing new aircraft. Aircraft refurbishment involves upgrading and modernizing various aspects of the aircraft’s interior and exterior, including cabin layout, seating configurations, entertainment systems, lighting, lavatories, galleys, and exterior paint schemes.

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Moreover, the growing trend towards personalized and luxury air travel experiences has fueled demand for bespoke refurbishment solutions tailored to the preferences of VIP customers, corporate clients, and charter operators. Additionally, advancements in materials, technology, and design concepts are driving innovation in aircraft refurbishment, enabling the integration of state-of-the-art amenities, connectivity solutions, and sustainability features. As airlines and aircraft operators strive to differentiate their brands, improve passenger satisfaction, and extend the operational life of their fleets, the Aircraft Refurbishing Market is poised for continued growth and expansion.

Global Aircraft Refurbishing Market: Key Vendor Insights

Some of the prominent players in the global aircraft refurbishing market are:
United Technology Corporation, SIA Engineering Co Ltd, Hong Kong Aircraft Engineering Company Limited, Gulfstream Aerospace, Ltd, JAMCO America, Sabreliner Aviation LLC Diehl Stiftung & Co. KG, Lufthansa Technik AG, SCI Cabin Interiors, and Jet Aviation AG. Tier-1 players are collaborating with regional/local companies to increase their aircraft refurbishing product portfolio, thus, gaining a competitive edge over their peers.

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Key Segment

Based on the aircraft type

  • large body aircraft
  • wide body aircraft
  • narrow body aircraft

Based on the refurbishing type

  • VIP cabin refurbishing
  • commercial cabin refurbishing

Based on the fitting type

  • retrofit
  • IFEC and lighting
  • passenger seats

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

 

 

Automotive Wiring Harness Market Set to Hit US$ 119.31 Billion by 2033 with 8% CAGR

The global automotive wiring harness market size is expected to reach a staggering value of US$ 119.31 billion by 2033, according to Future Market Insight. This projection reflects a CAGR of 8%, highlighting substantial growth compared to the projected value of US$ 55.26 billion in 2023.

The Automotive Wiring Harness Market is witnessing substantial growth owing to the increasing integration of advanced electronic systems and components in modern vehicles. Wiring harnesses play a crucial role in connecting various electrical and electronic components, such as sensors, actuators, control units, and infotainment systems, throughout the vehicle. With the rising demand for electric and hybrid vehicles, as well as the proliferation of advanced driver assistance systems (ADAS), infotainment systems, and connectivity features, the complexity and sophistication of automotive wiring harnesses continue to increase. Moreover, stringent regulations regarding vehicle safety, emissions, and fuel efficiency are driving the adoption of lightweight and high-performance wiring harnesses that enhance reliability, reduce electrical noise, and optimize space utilization within vehicles.

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Furthermore, the Automotive Wiring Harness Market is witnessing significant innovation and technological advancements aimed at improving harness design, manufacturing processes, and materials to meet the evolving requirements of next-generation vehicles. Manufacturers are increasingly focusing on the development of modular and customizable wiring harness solutions that streamline assembly, reduce complexity, and minimize installation time and cost. Additionally, the adoption of high-speed data transmission and communication protocols, such as Ethernet and CAN (Controller Area Network), in automotive wiring harnesses enables enhanced connectivity, data exchange, and vehicle networking capabilities. As automotive OEMs strive to deliver safer, more efficient, and connected vehicles, the demand for advanced wiring harness solutions is expected to continue growing, presenting lucrative opportunities for market players to innovate and expand their presence in the automotive industry.

Key Takeaways from the Automotive Wiring Harness Market

  • The automotive wiring harness industry in the United Kingdom is anticipated to rise sizably, exhibiting a CAGR of 7.6% through 2033.
  • The United States held a 17.8% share of the global automotive wiring harness industry in 2022.
  • With a CAGR of 7.8% over the forecast period, India is predicted to develop rapidly in the automotive wiring harness industry.
  • In 2022, Japan had a 5.2% share of the automotive wiring harness industry globally.
  • The automotive wiring harness industry in China is expected to flourish speedily, registering a CAGR of 8.2% over the forecast period.
  • Germany accounted for 4.7% of the global automotive wiring harness industry in 2022.

Competitive Landscape in the Automotive Wiring Harness Market

Key players are actively engaged in various strategies to maintain their market position and meet the evolving demands of the automotive industry. These strategies include product innovation, research and development, partnerships and collaborations, mergers and acquisitions, and geographic expansion. Companies are focusing on developing advanced wiring harness solutions that offer higher efficiency, increased durability, and improved performance. Additionally, they are investing in technologies such as electrification and autonomous driving to cater to the growing demand for electric vehicles and advanced driver-assistance systems.

Key Companies Profiled In The Automotive Wiring Harness Market

  • LEONI Group
  • Samvardhana Motherson Group
  • Sumitomo Electric
  • Yazaki Group
  • Fujikura Ltd.
  • Lear Corporation
  • Furukawa Electric Co. Ltd
  • YURA Tech Corporation
  • Nexans

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Key Segments Profiled In The Automotive Wiring Harness Market

By Product Type:

  • Chassis & Safety
    • Conventional Chassis
    • Semi-Forward Chassis
    • Full Forward Chassis
  • Body
    • Roof
    • Door & Window
    • Facia
    • Seat
    • Interior
  • HVAC
  • Engine
  • Sensors

By Vehicle Type:

  • Passenger Cars
    • Compact
    • Mid-Sized
    • SUV
    • Luxury
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Electric Vehicles
    • BEV
    • PHEV

By Sales Channel:

  • First Fit
  • Replacement

By Region:

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

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 5000 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