Market Research Blog

The global automotive fuel delivery system market valuation is US$ 9,713.0 million in 2023. The market demand is projected to reach US$ 18.2 Billion by 2033. The global market is anticipated to register a CAGR of 6.5% during the forecast period.

Trends in the Automotive Fuel Delivery System Market

Various trends influence the global market. A few of these trends are as follows.

• Popularity of Electrification and Hybridization: Automakers developing hybrid models with high-voltage components are rapidly increasing the adoption of electric fuel delivery systems with advanced features. Consumers consider these vehicles more attractive, increasing global market sales.

Gain expert insights and supercharge your growth strategies. Request our market overview sample now:
https://www.futuremarketinsights.com/reports/sample/rep-gb-540

• Fuel Injection Technology:The increasing demand for fuel consumption and better mileage is increasing the demand for automotive fuel delivery systems. These systems enhance fuel efficiency and limit carbon footprints. The popularity of gasoline fuel is growing among consumers for improving vehicle performance.
• Emission Reduction Technologies:The manufacturers are seeking new technologies to limit toxicity, increasing the demand for automotive fuel delivery systems. These systems are integrated to reduce hazardous chemicals with particular filters and exhaust gas recirculation in vehicles.
• Lightweight Materials:Manufacturers are adopting low-weight automotive materials such as aluminum to promote efficiency without compromising quality.
• Digitalization and Connectivity:The growing adoption of real-time monitoring and advanced sensors is increasing the demand for automotive fuel delivery systems. Manufacturers are connecting these features to enhance consumers’ experiences.
• Consumer’s Choice:The increasing demand for high-performance vehicles is accelerating the demand for automotive fuel delivery systems. These systems increase power and torque in the vehicles.
• Sustainability and Renewable Fuels: Manufacturers and key companies concerned with environmental impacts promote renewable and eco-friendly fuels such as biofuels. A fuel delivery system is designed to enhance sustainability.

“Key manufacturers in the global market are adopting several policies to reduce carbon emissions due to the growing concerns about air pollution. They are emphasizing the development of advanced automotive fuel delivery systems with emission reduction technologies,” says an FMI Analyst.

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights Today:
https://www.futuremarketinsights.com/checkout/540

Key Takeaways from the Automotive Fuel Delivery System Market Report

• The automotive fuel delivery system market is expected to register a CAGR of 6.5% from 2023 to 2033.
• The United States market is expected to expand at a CAGR of 3.4% through 2033.
• The market in Japan is anticipated to capture a CAGR of 4% during the forecast period.
• Sales of automotive fuel delivery systems in the United Kingdom are expected to grow at a CAGR of 3% over the projection period
• The market in Germany is anticipated to rise at a CAGR of 2.6% through 2033.
• Passenger cars lead the global market by vehicle type in 2023.

Key Players in the Global Automotive Fuel Delivery System Market

The global landscape is highly competitive, with many companies entering the market. The growing investments in research and development bring new ideas and innovations, expanding the market. Major players invest heavily in these activities to develop improved, cost-effective automotive components that satisfy consumers’ demands.

Key players are considered game-changers as they possess the skills and expertise required for market expansion. They focus on their goals to cater to consumer needs and expectations. These players adopt various marketing methodologies to increase their revenue share, including collaborations, mergers, and product innovations.

Key Companies

1. Aisin Corp.
2. BorgWarner Inc.
3. Continental AG
4. DENSO Corp.
5. Hitachi Ltd.
6. Landi Renzo Spa
7. Magna International Inc.
8. Marelli Holdings Co. Ltd.

Key Segments in the Global Automotive Fuel Delivery System Market

By Vehicle Type

• Passenger Cars
• Commercial Vehicles

By Fuel Type

• Gasoline
• Diesel
• Other

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• 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

 

 

According to Future Market Insights, the global ultra-high performance (UHP) tire market is anticipated to attain a valuation of US$ 13.6 billion in 2023. From 2023 to 2033, sales of ultra-high performance (UHP) tires are estimated to incline at a CAGR of 11.1%, concluding at US$ 39 billion.

The market is experiencing substantial growth due to the rapid expansion of the automotive sector. The growth is attributed to rising demand for commercial and passenger vehicles, booming transportation industry, inflating disposable incomes, and the presence of advanced automotive infrastructure in many countries. Rising preference for electric cars, driven by their reduced noise and pollution levels, is anticipated to generate significant demand for high-performance wheels in the foreseeable future.

Request a Sample of this Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-14108

The aftermarket demand for high-performance tires is primarily driven by the accelerated wear and tear experienced by softer rubber tires designed for extremely high speeds. In racing championships, where high-performance tires have the greatest presence, teams typically utilize between 9-14 sets of tires depending on track length, surface type (such as asphalt or concrete), and track category (like short track, speedway, superspeedway, or road course). As a result, the aftermarket segment witnesses a significantly higher demand for high-performance tires compared to the OEM segment.

Key Takeaways

• The market in the United States is expected to grow with a CAGR of 11.2% during the forecast period.
• The demand for ultra-high performance (UHP) tire in China is expected to grow with a CAGR of 11.3% during the forecast period.
• By vehicle type, sports car segment is projected to grow with a CAGR of 12.2% during the forecast period.
• Germany is expected to grow with a CAGR of 11% throughout the forecast period.

“Increasing preference of sports vehicles and rising aftermarket demand is expected to bode well for market growth,” comments an FMI analyst.

Competitive Landscape

The market for ultra-high performance (UHP) tire is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

Key industry players are Continental AG, Goodyear Tire & Rubber Company, Michelin Group, Pirelli & C. S.p.A., Bridgestone, KUMHO TIRE Co., Inc., Yokohama Rubber Co., Ltd, Nankang Rubber Tire Corp., Ltd., HANKOOK TIRE & TECHNOLOGY Co., Ltd., Toyo Tires, Nitto tires, NEXEN TIRE, The Hercules Tire and Rubber Company, Sumitomo Rubber Industries (Dunlop Tires), Chaoyang Tires, LLC, Cooper Tire & Rubber Company, Elangperdana Tyre Industry (Accelera Radial)

Some key developments in the ultra-high performance (UHP) tire market are:

• In September 2022, Bridgestone Americas launched the Firestone Firehawk AS V2, a new all-season ultra-high-performance tire.
• In May 2022, ZC Rubber introduced the Westlake ZuperAce Z-007, a new line of ultra-high-performance passenger car tires. These tires are constructed with nano-silica technology, enhancing both grip and fuel efficiency.
• Hankook Tire introduced the Ventus S1 AS, an ultra-high-performance (UHP) all-season tire, in March 2022. Designed with an asymmetric tread pattern, the Ventus S1 AS ensures optimal driving performance throughout every season.
• In September 2021, Continental introduced the Super Contact 7 ultra-high-performance tires. These tires boast significant improvements, with a claimed six percent better dry braking performance and a 17 percent longer service life compared to their predecessors.

Direct Purchase of this Report: https://www.futuremarketinsights.com/checkout/14108

Key Segments Profiled in the Ultra-High Performance (UHP) Tire Market Survey

By Tire Type:

• Summer
• Winter
• All-Season

By Vehicle Type:

• Sports Car
• SUV/MUV
• Light Trucks

By Sales Channel:

• OEM
• Aftermarket

By Region:

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

About Future Market Insights (FMI) 

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs

As per the latest market research conducted by FMI, the global automotive coolant aftermarket is expected to record a CAGR of 4% from 2023 to 2033. In 2023, the market size is projected to reach a valuation of US$ 894.82 million. By 2033, the valuation is anticipated to reach US$ 1.32 Billion.

The efficient combination of ethylene, propylene glycol, and ethylene is predicted to boost the use of automotive coolants, which is likely to have an impact on the market. Also, the industry is growing due to the capacity to clean pollutants out of engine cooling systems. The growth of the automobile industry, the surge in investments, and the rise in disposable income all benefit the automotive coolants aftermarket.

Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-11693

Manufacturers introduce innovative brands and products to provide customers with customized coolant and lubricant solutions. Several global OEMs are making investments in the nation either through joint ventures with well-established companies or directly after FDI norms have been implemented in setting up their production unit or improving their sales and dealership networks around the nation.

For example, ExxonMobil revealed its finalized company goals in December 2021. These plans call for boosting its spending on programs to reduce greenhouse gas emissions by US$ 15 billion over the following six years while maintaining controlled capital investments in its industry-leading portfolio.

Noble Midstream became an indirect, wholly-owned subsidiary of Chevron when the previously announced acquisition was finalized, it was revealed in May 2021 by Chevron Corporation and Noble Midstream Partners LP.

Also, the passenger vehicle market is being driven by strong demand for e-class, crossovers, SUVs, and hatchbacks, which is likely to have a positive impact on the automotive coolant aftermarket. The market for passenger vehicles is being driven by consumers’ rising preference for private transportation and their increasing purchasing power.

Key Takeaways:

• The automotive coolant aftermarket is anticipated to reach a valuation of US$ 894.82 million in 2023.
• The expanding domestic coolant production can certainly assist coolant manufacturers in meeting the rising coolant demand worldwide. Over the following few years, this is anticipated to fuel the automotive coolant aftermarket.
• The automotive coolant aftermarket is predicted to record a CAGR of 4% through 2033.
• The automotive coolant aftermarket is expected to surpass US$ 55 million by 2033.

Significant Challenges:

• As part of their maintenance plans for vehicles, original equipment manufacturers (OEMs) are increasingly providing coolant products and services. This might lower aftermarket demand for third-party coolant products and services.
• Financial distress and economic downturns can have an effect on vehicle maintenance and sales, which may therefore have an effect on the demand for coolant products and services.

Competitive Background:

The manufacturers are investing in research and development, and are introducing innovative methods to boost production capacity. Product development and market expansion are significant aspects of the automotive coolant aftermarket As a result, market participants are likely to have a better overall revenue share in the global automotive coolant aftermarket.

Direct Purchase of this Report:
https://www.futuremarketinsights.com/checkout/11693

Automotive Coolant Aftermarket – Key Segments

Product Type:

• Organic
• Inorganic
• Hybrid

Vehicle Type:

• On-Road Vehicles
  • Passenger Cars
  • Commercial Vehicles
  • Motorcycles & Scooters
• Off Road Vehicles
  • Tractors
  • Construction Based Vehicles (Loaders, Excavators, Bulldozers, Road Rollers, Mobile Cranes)
  • Industrial Vehicles (Towing Tractors, Fork Lift Trucks, UTV Carriers)

Sales Channel:

• Vehicle Service Stations
• Independent Garages
• Authorized Dealers/ Franchise
• Multi-brand Dealers
• Online Sales

Region:

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

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
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs

 

According to Future Market Insight, the global hydrostatic transmission market is likely to reach US$ 5.61 billion by 2033, registering a CAGR of 5.1%. This is a considerable increase from its projected value of US$ 3.41 billion in 2023.

Key Drivers in this Industry:

• Increasing demand for agricultural and construction machinery
• Advantages over mechanical and electric transmissions
• Growing demand for renewable energy
• Adoption in marine and aerospace industries
• Shift toward electric and hybrid vehicles
• Demand for automation and robotics
• Focus on safety and operator comfort
• Government regulations and incentives
• Increasing focus on precision agriculture
• Advancements in digitalization and connectivity
• Demand for low-noise and vibration systems
• Technological advancements and innovation

Request a Sample of this Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-6760

Critical Challenges in this Market:

• Hydrostatic transmissions have a higher upfront cost
• They exhibit lower overall efficiency during fluid power conversion
• Regular maintenance tasks are necessary
• Hydrostatic transmissions generate significant heat during operation
• They are better suited for low-speed, high-torque applications
• Proper handling and disposal of hydraulic fluids are required

Major Trends observed:

• Advancements in hydraulic technology for improved performance and efficiency
• Integration of electronic controls for enhanced monitoring and precise control
• Synergy with hybrid and electric vehicles for optimized performance
• Adoption in autonomous and semi-autonomous vehicles
• Expansion in emerging economies due to industrialization and infrastructure development

Key Opportunities:

• Increasing adoption of hydrostatic transmissions in off-highway vehicles for superior performance and control.
• Focus on fuel efficiency and reduced emissions driving the demand for hydrostatic transmissions.
• Increasing demand for compact and lightweight hydrostatic transmissions in electric and hybrid vehicles.
• Expansion of the mining and material handling sectors driving the need for precise control over speed and torque.
• Growing awareness about the benefits of hydrostatic transmissions, such as smooth operation and reduced maintenance requirements.

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights Today:
https://www.futuremarketinsights.com/checkout/6760

Key Takeaways from this Market:

• The hydrostatic transmission industry in the United Kingdom is anticipated to rise, exhibiting a CAGR of 3.9% through 2033.
• The United States held a 29.3% share of the global hydrostatic transmission industry in 2022.
• With a CAGR of 6.3% over the forecast period, India is predicted to develop rapidly in the hydrostatic transmission industry.
• In 2022, Japan had a 5.5% share of the hydrostatic transmission industry globally.
• The hydrostatic transmission industry in China is expected to increase, registering a CAGR of 5.8% over the forecast period.
• Germany accounted for 4.6% of the global hydrostatic transmission industry in 2022.

Competitive Landscape:

Key players employ various strategies to uphold their market positions and expand their presence worldwide. These strategies encompass:

• Offer a diverse product portfolio with varying power ranges to cater to a broad range of customer requirements
• Focus on developing high-performance hydrostatic transmission systems with advanced efficiency and durability
• Differentiate through technological advancements, such as hybrid hydrostatic transmissions or integrated control systems
• Emphasize eco-friendly hydrostatic transmission solutions by incorporating energy-efficient components and systems
• Invest in advanced testing and validation facilities to ensure compliance with industry standards and regulations
• Expand market presence through strategic partnerships and collaborations with leading equipment manufacturers
• Invest in research and development to innovate new technologies and improve product performance
• Establish a strong distribution network and engage in targeted marketing campaigns to reach potential customers
• Offer competitive pricing and flexible customization options to attract a wide range of customers
• Provide excellent after-sales service and support to build long-term customer relationships
• Continuously monitor market trends and competitor activities to adapt and respond effectively

Key Players are:

Kanzaki Kokyukoki Mfg. Co., Ltd., Dana Limited, Parker Hannifin Corp, Danfoss, Eaton, Carraro Group, Tuff Torq Corporation, Komatsu America Corp., Kawasaki Heavy Industries, Ltd., Hydro-Gear, PMC Hydraulics Group AB, Hydrostatic Transmission Service, LLC, Sundstrand hydraulics, Linde Hydraulics GmbH & Co. KG, Poclain Hydraulics.

Recent Developments by Key Players in this market:

• In April 2023, Bosch Rexroth produced a brand-new A3V pump platform that includes high-speed adjustable dispersion pumps for medium-pressure purposes. With this introduction, Bosch Rexroth made advancements in industrial hydraulics conservation.
• Eaton Fluid Power Ltd., a member of the Danfoss group, presented a novel hydrostatic manufacturing facility in April 2022. This initiative took place at their advanced facility located in Pimpri, Pune, India, with the specific aim of meeting the needs of the local agriculture sector.

Global Market Segmentation:

The market segmentation offered in the reported study is mentioned below:

By Capacity:

• Light Duty
• Medium Duty
• Heavy Duty

By Operation Type:

• VDM-CDP
• VDP-CDM
• VDM-VDP

By End User:

• Agriculture
• Construction & Mining
• Logistics & Transport
• Others

By Region:

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

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 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.

Request a Sample of this Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-6035

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

Direct Purchase of this Report:
https://www.futuremarketinsights.com/checkout/6035

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

 

 

The global Automotive Lead Acid Battery Market is anticipated to attain a valuation of US$ 28.24 billion in 2023 and is expected to reach US$ 47 billion by 2033, expanding at a CAGR of 5.2% from 2023 to 2033.

The surging popularity of electric vehicles and the growing utilization of uninterrupted power supply for critical power applications are anticipated to drive market growth. The reliability and affordability of lead-acid batteries make them well-suited for a wide range of consumer and industrial applications. In terms of processing and recycling, lead-acid batteries hold a larger percentage compared to lithium-ion batteries.

Request our market sample report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-1482

The increasing use of electrical devices like mobile phones, power banks, and electronic gadgets, coupled with advancements in marine propulsion technology and the growing demand for elevators worldwide, necessitates energy storage systems, thereby driving the market growth.

The market is projected to witness an upsurge in demand for lead acid batteries due to strict government regulations focused on carbon emissions and energy solutions. Additionally, the growing global population, accompanied by an increase in per capita income, further contributes to this demand.  The industry presents growth opportunities driven by the rising adoption of electric vehicles, whereas challenges such as the risks of battery explosion resulting from overcharging and the growing demand for lithium-ion batteries may hinder its overall growth.

Key Takeaways

• United States automotive lead acid battery market is expected to grow with a CAGR of 5.1% during the forecast period.
• The market in China is expected to grow with a CAGR of 5.5% during the forecast period.
• By vehicle type, passenger vehicle segment is projected to dominate the automotive lead acid battery market. It is expected to grow with a significant CAGR of 5.4% during the forecast period.
• By technology, ICE battery segment is expected to grow with an impressive CAGR of 10% throughout the forecast period.

“The reliability and affordability of lead batteries an rising sales of electric vehicles are expected to drive market growth during the forecast period,” – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape

The automotive lead acid battery market is extremely competitive, with various key industry players investing heavily in manufacturing these batteries.

The key industry players are Clarios, GS Yuasa Corporation, Panasonic Corporation, Leoch International Technology Limited, Exide Industries Ltd., EnerSys Inc., East Penn Manufacturing Company, Exide Technologies Inc., CSB Battery Company Limited.

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights:
https://www.futuremarketinsights.com/checkout/1482

Some recent developments in the market are:

Key market players are leveraging organic growth strategies like acquisition, mergers, tie-ups, and collaboration to bolster their product portfolio. This is expected to propel the global automotive lead acid battery market.

• In January 2021, EnerSys announced a collaboration with TravelCenters of America (TA) to provide Odyssey Performance and NorthStar PRO Group 31 lead-acid batteries specifically designed for heavy-duty applications.
• In December 2021, GS Yuasa Corporation announced its plans for expansion in the motorcycle lead-acid battery market.
• On July 13, 2022, Panasonic Corporation, the largest manufacturer of lithium-ion batteries in the world, joined forces with Kansas for economic development with the aim of driving forward the electric vehicle (EV) industry in the United States.
• On March 13, 2021, General Motors Company made significant progress in its development of the next-generation Ultium chemistry. This advancement was made in anticipation of a new joint development agreement with Solid Energy Systems, aimed at expediting the transition towards an electric future.

Market Segmentation by Category

By Battery Type

• Flooded
• Enhanced Flooded
• AGM

By Technology

• ICE
• Hybrid
• Electric

By Vehicle Type

• Passenger Car
• LCV

By Sales Channel

• OEM
• Aftermarket

By Region

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

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