Market Research Blog

The global plug-in hybrid electric vehicles (PHEV) market is poised for robust growth, with a projected Compound Annual Growth Rate (CAGR) of 18.5% during the forecast period spanning from 2022 to 2032. In 2022, the market’s estimated value stood at US$ 69,720.5 Million, and it is expected to surge significantly, potentially reaching an impressive US$ 3,80,665.9 Million by the year 2032. This anticipated growth represents a substantial increase in market value compared to historical trends, as the market previously recorded a CAGR of 14.4% according to an analysis conducted by Future Market Insights.

The plug-in hybrid electric vehicles (PHEV) market is experiencing rapid growth driven by increasing environmental awareness, government incentives, and advancements in battery technology. PHEVs combine an internal combustion engine with an electric motor and a rechargeable battery, offering the benefits of both electric and conventional powertrains. As consumers seek more sustainable transportation options and governments implement policies to reduce emissions, the demand for PHEVs continues to rise, propelled by several key factors.

Request a Sample of this Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-1537

Key Drivers Fueling Growth in the Plug-in Hybrid Electric Vehicles (PHEV) Market:

• Environmental Regulations and Emissions Standards: Stringent emissions regulations and mandates to reduce greenhouse gas emissions drive the adoption of PHEVs as a low-emission alternative to traditional internal combustion engine vehicles. Government policies incentivize the production and purchase of PHEVs through tax credits, rebates, and emissions targets, encouraging automakers to invest in PHEV technology and expand their product offerings to meet regulatory requirements.
• Transition to Electrification: The global shift towards vehicle electrification and the decarbonization of transportation systems accelerates the adoption of PHEVs as a transitional technology between conventional vehicles and fully electric vehicles (EVs). PHEVs offer drivers the flexibility to operate in electric mode for short commutes and use the internal combustion engine for longer trips, addressing range anxiety and infrastructure limitations associated with pure EVs while reducing emissions and fuel consumption.
• Advancements in Battery Technology: Ongoing advancements in battery technology, including lithium-ion batteries with higher energy density, faster charging capabilities, and improved durability, enhance the performance and efficiency of PHEVs. Improved battery technologies enable PHEVs to achieve longer electric driving ranges, faster charging times, and extended battery life, making them more attractive to consumers seeking practical and cost-effective electrified transportation solutions.
• Fuel Economy and Energy Efficiency: PHEVs offer superior fuel economy and energy efficiency compared to conventional gasoline-powered vehicles, especially for drivers with short daily commutes or frequent stop-and-go driving conditions. PHEVs utilize regenerative braking and electric propulsion to capture and store energy during deceleration, reducing fuel consumption and greenhouse gas emissions while maximizing energy recovery and minimizing environmental impact over the vehicle’s lifecycle.
• Consumer Demand for Electric Mobility: Growing consumer awareness of environmental issues, energy sustainability, and air quality concerns drives demand for electric mobility solutions, including PHEVs. Consumers are increasingly attracted to PHEVs for their reduced environmental footprint, lower operating costs, and enhanced driving experience compared to conventional vehicles. PHEVs appeal to a broad range of consumers, including eco-conscious individuals, urban commuters, and fleet operators seeking to reduce emissions and dependency on fossil fuels.

Request for Customization:
https://www.futuremarketinsights.com/customization-available/rep-gb-1537

Competitive Landscape

Various companies in the market are focusing on extending their portfolio of electrified automobiles to efficiently cater to the changing needs of the customers while simultaneously retaining their competitiveness globally.

Some of the major companies have developed new products which offer the benefits of two cars in one. These products are anticipated to offer the benefits and flexibility of both longer trips and everyday driving. The automotive functions as a hybrid car and can be charged just like other electric vehicles.

At present, the Asian continent is poised to create robust opportunities over the assessment period. In countries like India, the emergence of hybrid vehicles is attracting cost-conscious buyers. These hybrid automobiles meet stricter emission norms, while the current prices of motor fuel are soaring in the country. Hybrid vehicles may be costly in comparison to traditional petrol cars but may offer significant fuel efficiency in comparison to petrol-run cars.

The market players pay keen attention to maintaining superior quality of the products and innovation. Furthermore, they are also trying to diversify their range of manufacturing, indulging in mergers and acquisitions, and adopting organic growth strategies for a strong foothold in the global market.

Some of the key companies in the market are

•  Renault SA
• Nissan Motor Corporation Limited
• Volkswagen AG
• Honda Motor Company Limited
• General Motors
• Ford Motor Company
• Daimler AG
• Mitsubishi Heavy Industries Ltd.
• Toyota Motor Corporation
• BMW AG

Ask the Analyst:
https://www.futuremarketinsights.com/ask-question/rep-gb-1537

Plug-in Hybrid Electric Vehicles Market by Category

By Vehicle Type, Plug-in Hybrid Electric Vehicles Market is segmented as:

• Passenger car
• Light Commercial Vehicle

By Technology, Plug-in Hybrid Electric Vehicles Market is segmented as:

• Series
• Parallel
• Series-parallel

By Region, Plug-in Hybrid Electric Vehicles Market is segmented as:

• North America
• Latin America
• Europe
• South Asia and Pacific
• 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.

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

 

 

The automotive sunroof market size is likely to hold a valuation of US$ 21.09 billion by 2033. As of 2023, the market value is US$ 7.42 billion. As the automobile industry grows, the automotive sunroof market is expected to expand at a CAGR of 11% from 2023 to 2033.

Key Takeaways from the Automotive Sunroof Market Report

• The automotive sunroof market is expected to grow at an 11% CAGR over the forecast period from 2023 to 2033.
• Electric sunroofs dominate the global automotive sunroof market, with an overall revenue share of 90%.
• When it comes to type, in-built sunroofs capture a significant share of 60% of the global automotive sunroof market.
• India is the leading market for automotive sunroofs, with a remarkable growth rate of 13.30% from 2023 to 2033.
• India is followed by Australia and New Zealand (11.80%), China (11.90%), and Spain (11.00%) in terms of automotive sunroof market growth.

Unlock growth potential with industry expertise. Request our market sample report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-14746

By the end of 2023, more than 18 billion cars will be running on the road, thanks to the post-pandemic rejuvenation of the automobile sector. With this exponential global growth, the market for automotive sunroofs is very likely to foresee a substantial surge in the upcoming years. Sunroofs offer a unique driving experience, allowing the occupants to connect with the outdoors without compromising safety or convenience.

Another factor driving the demand for automotive sunroofs is the desire for customization. People want their cars to reflect their personality and style, and a sunroof comes with a lot of scope for that. Car owners can customize the sunroofs per their material, style, and graphics preferences, making them a sought-after feature in the automotive market. Along with this, sunroofs have also been preferred by the populations where people crave sunlight due to the long winter seasons.

The growing desire for a more enjoyable driving experience has also contributed to the demand for automotive sunroofs. Sunroofs provide a sense of openness and freedom, creating a more pleasant and relaxing environment inside the vehicle. Apart from this, sunroofs can also be fitted with solar panels that can power the nominal functioning of vehicles, thus enhancing the vehicle’s energy efficiency.

“The automotive sunroof market has reached a saturation level and demands a revolutionary change from key industry players. Most automobile manufacturing companies have already implemented sustainable and lightweight materials in the production of sunroofs. Technological integration with smart vehicular systems is the current focus of players in the lucrative automotive sunroof market”, .” – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Gain Access to Detailed Market Insights: Purchase to Uncover Segment-specific Information, Identify Key Trends, Drivers, and Challenges:
https://www.futuremarketinsights.com/checkout/14746

Competitive Analysis of the Automotive Sunroof Market

In the competitive landscape of the global automotive sunroof market, key players are focusing on technological integration and sustainability. These companies recognize the importance of incorporating advanced features and eco-friendly solutions to meet consumer demands. Due to the presence of numerous international players, the market for automotive sunroofs remains a challenging environment for smaller players to navigate and establish themselves.

Key Companies in the Automotive Sunroof Market

• Webasto Group
• Aisin Corporation
• Inalfa Roof Systems
• Yachiyo Industry
• Inteva Products
• Yutani Gaunjia (Mobitech)
• Magna International
• CIE Automotive
• BOS GMBH & CO. KG
• Signature Automotive Product

Recent Developments in the Automotive Sunroof Market

• Strengthening its position as a leading supplier of automotive sunroof systems, Magna International acquired the automotive sunroof business of Valeo in 2021.
• In order to broaden its market presence and product line, Webasto Group purchased Inalfa Roof Systems’ vehicle sunroof business in 2022.
• Faurecia diversified its product offerings in the automotive industry by acquiring the automotive sunroof business of HELLA in 2020.

Request Report Methodology:
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-14746

Key Segments in the Automotive Sunroof Industry

By Sunroof Type:

• In-Built
• Panoramic
• Folding
• Pop-Up
• Others

By Operation Type:

• Electric
• Manual

By Material Type:

• Glass
• Fabric

By Vehicle Type:

• Passenger Car
• Compact Car
• Mid-Sized Car
• Luxury Car
• SUVs
• Light Commercial Vehicle

By Sales Channel:

• OEM
• Aftermarket

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• 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.

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

 

The tire pressure monitoring system (TPMS) market is expected to grow at a CAGR of 10.3% to reach a value of US$ 7.7 Billion by 2032.

The tire pressure monitoring system (TPMS) market is experiencing significant growth driven by increasing vehicle safety regulations, growing awareness about tire maintenance, and advancements in automotive technology. TPMS is an essential safety feature that monitors the air pressure in tires and alerts drivers to low tire pressure, helping prevent accidents, improve fuel efficiency, and prolong tire life. As automotive manufacturers integrate TPMS into new vehicles and aftermarket demand for TPMS retrofit kits grows, the TPMS market continues to expand, propelled by several key factors.

Key Drivers Fueling Growth in the Tire Pressure Monitoring System Market:

• Vehicle Safety Regulations: Stringent safety regulations mandating the inclusion of TPMS in new vehicles drive the adoption of TPMS technology across global automotive markets. Regulatory bodies such as the National Highway Traffic Safety Administration (NHTSA) in the United States and the European Union (EU) require TPMS to enhance vehicle safety, reduce the risk of tire-related accidents, and improve driver awareness of tire pressure issues, creating a favorable regulatory environment for TPMS adoption.

Request to Sample of Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-719

• Emphasis on Fuel Efficiency and Emissions Reduction: Increasing focus on fuel efficiency and environmental sustainability encourages vehicle manufacturers to integrate TPMS as a standard feature in new vehicles. Properly inflated tires contribute to better fuel economy and reduced carbon emissions by minimizing rolling resistance and improving vehicle performance. TPMS helps drivers maintain optimal tire pressure levels, resulting in fuel savings, lower emissions, and reduced environmental impact over the vehicle’s lifespan.
• Growing Awareness of Tire Safety and Maintenance: Rising awareness among consumers about the importance of tire safety and maintenance drives demand for TPMS technology in both passenger and commercial vehicles. TPMS alerts drivers to underinflated or overinflated tires, reducing the risk of tire blowouts, tread wear, and handling issues caused by improper tire pressure. As drivers become more proactive about tire maintenance, the demand for TPMS-equipped vehicles and aftermarket TPMS solutions increases.
• Advancements in Sensor Technology: Ongoing advancements in sensor technology, including pressure sensors, temperature sensors, and wireless communication systems, enhance the performance, reliability, and accuracy of TPMS solutions. Advanced TPMS sensors offer improved sensitivity, faster response times, and greater durability, ensuring accurate tire pressure monitoring in diverse driving conditions and environments. Technological innovations drive the development of TPMS solutions with enhanced features such as individual tire pressure monitoring, predictive maintenance, and remote monitoring capabilities.
• Retrofit and Aftermarket Demand: Growing aftermarket demand for TPMS retrofit kits and replacement sensors presents opportunities for TPMS manufacturers and aftermarket suppliers. Vehicle owners retrofit older vehicles with TPMS systems to enhance safety, compliance, and performance, especially in regions where TPMS regulations are mandated or encouraged. Aftermarket TPMS solutions cater to a diverse range of vehicles, including passenger cars, light trucks, commercial vehicles, and recreational vehicles, providing retrofit options for vehicles without factory-installed TPMS.

Get Your Report Customize, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-719

Key Takeaways:

• Based on technology type, demand for pressure sensor is expected to increase at a CAGR of about 10% over the assessment period.
• By region, Europe and East Asia are expected to be collectively account for a market share of more than 70.9% by 2032.
• In terms of vehicle type, passenger vehicle segment is estimated to dominate the market holding more than 75.0% of the total market share.
• China will offer an incremental opportunity of more than US$ 2.9 Bn over the forecast period.
• Germany will account for more than 25.9% of the Europe tire pressure monitoring system market in 2022.

Competitive Landscape

Texas Instruments Incorporated, Intel Corporation, NVIDIA Corporation, Continental AG, and others are among the industry’s key market participants.

Manufacturers and developers of tire pressure monitoring systems are constantly investing in improving the system’s application while reducing human interference and increasing accountability.

Ask the Analyst:
https://www.futuremarketinsights.com/ask-question/rep-gb-719

Tire Pressure Monitoring Systems Market: Segmentation

TPMS Market by Category

By Technology:

• Ultrasonic Sensor
• Lidar Sensor
• Radar Sensor
• Camera Sensor
• Infrared Sensor
• Pressure Sensor

By Sales Channel:

• Original Equipment Manufacturer (OEM)
• Aftermarket

By Vehicle Type:

• Passenger Vehicle
• Heavy Commercial Vehicle
• Light Commercial Vehicle

By Region:

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

 

 

The global automotive body in white market is worth US$ 63.5 Billion as of now and is expected to reach US$ 89.4 Billion by the year 2033 at a CAGR of 3.5% between 2023 and 2033.

The automotive body in white (BIW) market encompasses the manufacturing and assembly of vehicle body structures, including the chassis, frame, and body panels, prior to painting and final assembly. The body in white serves as the structural foundation of a vehicle, providing support, rigidity, and crash protection while housing various vehicle components and systems. As the automotive industry evolves and vehicle design becomes more complex, the demand for advanced body in white solutions continues to grow, driven by several key factors.

Key Drivers Fueling Growth in the Automotive Body in White Market:

• Vehicle Lightweighting Initiatives: Automakers prioritize lightweighting initiatives to improve fuel efficiency, reduce emissions, and enhance vehicle performance. Lightweight materials such as aluminum, high-strength steel, carbon fiber, and composite materials are increasingly used in body in white construction to reduce vehicle weight while maintaining structural integrity and safety standards, driving demand for advanced lightweight BIW solutions.

Request a Sample of this Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-13754

• Stringent Emissions and Safety Regulations: Stringent emissions regulations and safety standards mandate the use of lightweight, high-strength materials and advanced manufacturing techniques in vehicle construction. Automotive OEMs invest in innovative BIW technologies and manufacturing processes to comply with regulatory requirements, meet crash test standards, and enhance occupant safety, driving demand for BIW components and solutions that offer optimal strength-to-weight ratios and crash protection capabilities.
• Vehicle Electrification and Battery Integration: The shift towards electric and hybrid vehicles presents new challenges and opportunities for BIW manufacturers and suppliers. Electric vehicle platforms require specialized BIW structures to accommodate battery packs, electric drivetrains, and power electronics while maintaining structural integrity and safety. BIW solutions that support battery integration, thermal management, and crashworthiness are essential for enabling the mass adoption of electric vehicles and enhancing vehicle performance and efficiency.
• Advancements in Manufacturing Technologies: Ongoing advancements in manufacturing technologies, such as robotic automation, laser welding, and additive manufacturing, improve the efficiency, precision, and scalability of BIW production processes. Automated assembly lines and digital manufacturing techniques enable BIW manufacturers to streamline production, reduce cycle times, and optimize material usage, driving efficiency gains and cost savings in BIW manufacturing operations.
• Globalization of Automotive Production: The globalization of automotive production and supply chains creates opportunities for BIW manufacturers and suppliers to expand their market presence and customer base. Automotive OEMs establish manufacturing facilities and assembly plants in emerging markets to capitalize on regional demand and reduce production costs, driving the adoption of BIW solutions that offer flexibility, scalability, and localization capabilities to meet diverse market requirements and customer preferences.

Key Takeaways from Automotive Body in White Market

• The Asia-Pacific is expected to witness maximum growth in the automotive body in white market in the forecast period. China and India dominate the scene. Coming to production, Japan rules the roost and the scenario is expected to remain unchanged even in the forecast period. South Korea and Taiwan are the other torchbearers. China backs on low-cost materials being available. India rides on availability of cheap labor.
• North America holds the largest market share with the US being subject to notable investments in manufacturing automobiles with various cutting-edge features.
• Europe is led by Germany with passenger vehicles’ higher sales in combination with supporting rules for producing and using vehicles. The status quo is expected to remain unchanged even going forward.

Request Customization:
https://www.futuremarketinsights.com/customization-available/rep-gb-13754

Competitive Analysis

• Mercedes-Benz, in January 2021, did give a huge order to KUKA to engineer, build, assemble, and commission numerous body in white manufacturing lines for an influx of Mercedes vehicles all over North America.
• ThyssenKrupp, in March 2021, came up with its business unit called ‘Automotive Body Solutions’; which emphasizes on assembly solutions with creating lightweight body components for the clients in car vertical.
• Magna Cosma Casting, in April 2021, did announce that it was on the verge of spending US$ 31.9 Million for building close to 50K square feet of Battle Creek Factory for creating more manufacturing capacity regarding lightweight automobiles.
• Autokiniton Global Group, in July 2019, acquired Tower International Inc.at US$ 900 Million.
• Gestamp, in June 2019, did inaugurate a novel plant at Nitra (Slovakia). It specializes in aluminum. This plant is known for producing various skin panels and body’s structural parts using aluminum in conjunction with steel.
• Benteler, in June 2019, tabled a novel plant at Mos (Spain). It’s, since then, a part of its automotive division and would be producing rear-axle components for a new-fangled platform for PSA. The production would also focus on painting, welding, and laser cutting.
• Kirchhoff Automotive, in May 2019, came up with second plant at Piteti (Romania). The plant is known for supplying stamping parts to European Kirchhoff Automotive’s locations.
• Marelli Talbros Chassis Systems, in January 2021, announced that it received multi-year orders from a big car manufacturer based out of Europe to supply body in white design parts.
• NIO Inc., in April 2021, completed manufacturing the first body in white part of ET7 sedan at its production site at Hefei (Anhui Province).

Kirchhoff Automotive GmbH, Benteler International, ThyssenKrupp AG, Voestalpine AG, Martinrea International Inc., Gestamp Automocion, Magna International Inc., CIE Automotive, Autokiniton Global Group, H-One Co., Ltd., JBM Auto, Dura Automotive Systems, Futaba Industrial Co., Ltd., Shiloh Industries, and Multimatic Inc. are a few of the leading businesses operating in the market.

Ask the Analyst:
https://www.futuremarketinsights.com/ask-question/rep-gb-13754

Automotive Body in White Market by Category

By Product Type:

• Body Structure
  • Bumper Beam
  • Crossmember
  • Roof Frame
  • Cross Car Beam
  • Others
• Body Component
  • Quarter Panel
  • Floor Panel
  • Rocker Panel
• Chassis

By Vehicle Type:

• Passenger Vehicles
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

By Region:

• North America
• Latin America
• Europe
• East Asia
• South 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.

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

 

 

The global electric kick scooter market is projected to grow at a CAGR of 11.7% during the forecast period. The sales of electric kick scooters are anticipated to surpass US$ 2.7 Billion in 2023. The value of the electric kick scooter market is anticipated to reach a high of US$ 8.2 Billion by the year 2033.

The electric kick scooter market is experiencing exponential growth fueled by urbanization, micro-mobility trends, and increasing demand for convenient and eco-friendly transportation solutions. Electric kick scooters, also known as e-scooters, offer a convenient and efficient mode of travel for short-distance commutes, urban exploration, and last-mile connectivity. As cities seek to reduce traffic congestion, emissions, and reliance on traditional transportation modes, the demand for electric kick scooters continues to rise, driven by several key factors.

Key Drivers Fueling Growth in the Electric Kick Scooter Market:

• Urbanization and Population Density: Rapid urbanization and population growth in cities worldwide create demand for compact, agile, and efficient transportation solutions for short-distance travel within urban environments. Electric kick scooters provide a convenient and eco-friendly alternative to cars, public transit, and rideshare services, enabling commuters to navigate congested city streets and access transit hubs, workplaces, and urban destinations with ease.

Request a Sample of this Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-13574

• Micro-Mobility and Last-Mile Connectivity: The rise of micro-mobility trends and last-mile connectivity solutions drives the adoption of electric kick scooters as a first-mile/last-mile transportation option for commuters and urban residents. E-scooters offer flexible, on-demand mobility for short trips and urban exploration, bridging the gap between public transit stations, office buildings, residential neighborhoods, and popular destinations, reducing reliance on personal vehicles and alleviating urban congestion.
• Eco-Friendly Transportation Options: Growing environmental awareness and concerns about air pollution, greenhouse gas emissions, and climate change encourage consumers to embrace eco-friendly transportation options, including electric kick scooters. E-scooters produce zero tailpipe emissions and require less energy to operate compared to cars, making them a sustainable and low-impact mode of transportation for urban mobility and short-distance trips, especially in environmentally conscious cities and communities.
• Technological Advancements in E-Scooter Design: Ongoing advancements in e-scooter technology, battery technology, and lightweight materials improve the performance, range, and safety of electric kick scooters. Lithium-ion battery technology, brushless motors, and regenerative braking systems enhance the efficiency and energy recovery of e-scooters, enabling longer range, faster speeds, and smoother rides for commuters and urban riders.
• Rise of Shared Mobility Services: The proliferation of shared mobility services, including electric scooter-sharing programs, facilitates the widespread adoption and accessibility of electric kick scooters in urban areas. E-scooter sharing platforms offer users convenient, on-demand access to electric scooters for short trips and urban mobility, providing an alternative to traditional transportation modes and contributing to reduced traffic congestion and emissions in urban centers.

Key Takeaways from the Electric Kick Scooter Market:

• During the forecast period, the U.S. is estimated to account for a significant share of the global electric kick scooter market. This is attributed to the high demand for electric kick scooters amongst American consumers which are engineered to be the most durable and powerful form of mobility.
• During the forecast period, the Asia Pacific electric kick scooter market is expected to have the highest share, led by China and Japan. This is owing to the regional players representing a culmination of continual product development and user experience and providing stylish, practical, and economical transportation. These scooters are therefore available in a range of body shapes, sizes, and colors to accommodate every rider.
• Owing to its ability to minimize pollution and transportation congestion, along with its portability, the “two-wheeled” product type is expected to hold the greatest revenue, through the forecast period.
• As it does not need to be serviced frequently and has a charging capability of up to 70W with a short charging time, the “lithium-ion” battery type, accounts for a significant share and is the most lucrative segment for key players.

Get Your Report Customize, Visit:
https://www.futuremarketinsights.com/customization-available/rep-gb-13574

Who is Winning?

Owing to the existence of both international and local players, the global electric Kick scooter market is fragmented. Many manufacturers hold a significant market share in their respective areas. Organic advances, such as product approvals and novel electric kick scooter services, are typically extensively embraced by large organizations. These factors are expected to increase the global electric kick scooter market size.

Key Players:

Micro Mobility Systems AG, Golabs Inc., Bird Rides Inc., Segway Inc., IconBIT Limited, GOVECS AG, Razor LLC, Xiaomi Corporation, YADEA Technology Group Co. Ltd., AKTIVO Scooter, VOI Technology, Spin, SWAGTRON, Niu International

Recent Developments:

• In June 2019, Bird Rides Inc. purchased Scoot to provide users with technologically upgraded cars and expand its service to additional cities.
• In February 2020, TIER Mobility, a German supplier of micro-mobility solutions, bought 5,000 electric mopeds and charging infrastructure from Coup Mobility to enter the European e-moped sharing market.

Direct Purchase of this Report:
https://www.futuremarketinsights.com/checkout/13574

Key Segments Profiled in the Electric Kick Scooter Market Survey

By Product Type:

• Two Wheeled
• Three Wheeled

By Battery Type:

• Lead-Based
• Nickel Based
• Lithium Ion

By Price Range:

• Below US$ 200
• US$ 200 – 375
• US$ 375.1 – 750
• US$ 750.1 – 1,100
• Above US$ 1,100

By Wheel Size:

• <8’’
• 8 – 8.5’’
• 9 – 9.5’’
• 10 – 10.5’’
• >11’’

By End Use:

• Personal
• Rental/ Sharing
• Law Enforcement

By Region:

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

Author

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

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

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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

 

The global electric cargo bike market is expected to attain a valuation of US$ 2.1 billion in 2023 and is projected to reach US$ 6.2 billion by 2033, expected to rise at a CAGR of 11.4% during the forecast period.

The electric cargo bike market is experiencing rapid growth and transformation as urbanization, sustainability concerns, and last-mile delivery demands drive the adoption of electric cargo bikes as efficient and eco-friendly transportation solutions. Electric cargo bikes, also known as e-cargo bikes or electric freight bicycles, are specially designed bicycles equipped with electric motors and cargo-carrying capacity, making them ideal for transporting goods, packages, and deliveries in urban environments. As cities seek to reduce congestion, emissions, and reliance on traditional delivery vehicles, the demand for electric cargo bikes continues to rise, fueled by several key factors.

Key Drivers Fueling Growth in the Electric Cargo Bike Market:

• Urbanization and Congestion Mitigation: Rapid urbanization and population growth in cities worldwide contribute to increased traffic congestion, pollution, and transportation challenges. Electric cargo bikes offer a sustainable and efficient alternative to traditional delivery vehicles, enabling last-mile deliveries, logistics operations, and urban freight transport while reducing traffic congestion and carbon emissions in densely populated urban areas.

Unlock growth potential with industry expertise. Request our market sample report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-7803

• Sustainability and Environmental Awareness: Growing concerns about air pollution, greenhouse gas emissions, and environmental sustainability drive the adoption of electric cargo bikes as eco-friendly transportation solutions. E-cargo bikes produce zero tailpipe emissions and require less energy to operate compared to motorized vehicles, making them a preferred choice for environmentally conscious consumers, businesses, and municipalities seeking to reduce their carbon footprint and environmental impact.
• Rise of E-commerce and Online Shopping: The exponential growth of e-commerce, online shopping, and home delivery services creates a surge in demand for efficient and cost-effective last-mile delivery solutions. Electric cargo bikes offer a flexible and agile delivery platform for e-commerce companies, courier services, and logistics providers to fulfill deliveries, streamline operations, and meet customer demand for fast, convenient, and sustainable delivery options in urban and suburban areas.
• Government Incentives and Policy Support: Government initiatives, incentives, and policy measures aimed at promoting sustainable transportation, reducing urban congestion, and improving air quality drive the adoption of electric cargo bikes. Municipalities, transportation authorities, and government agencies offer subsidies, grants, tax incentives, and infrastructure investments to encourage the adoption of electric cargo bikes, support fleet electrification, and enhance cycling infrastructure for safer and more accessible cycling routes in cities.
• Advancements in Electric Bike Technology: Ongoing advancements in electric bike technology, battery technology, and electric drivetrains improve the performance, range, and reliability of electric cargo bikes. Lithium-ion battery technology, brushless motors, and regenerative braking systems enhance the efficiency and energy recovery of e-cargo bikes, enabling longer range, faster speeds, and improved cargo-carrying capacity for commercial and industrial applications.

Key Takeaways

• The United States electric cargo bike market is expected to grow with a CAGR of 9.5% during the forecast period.
• The demand for electric cargo bikes in Australia is expected to grow with a CAGR of 11.5% during the forecast period.
• By battery type, the lithium-ion battery segment is projected to grow with an impressive CAGR of 12% during the forecast period.
• The market in Germany is expected to grow with a significant CAGR of 11.6% throughout the forecast period.

“The thriving e-commerce industry and use of electric cargo bikes for fast parcel deliveries are expected to drive market growth during the forecast period,” comments an FMI analyst.

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights:
https://www.futuremarketinsights.com/checkout/7803

Competitive Landscape

The market for electric cargo bike is highly competitive, with numerous prominent industry players making substantial investments in their production.

The key industry players are Jiangsu Xinri E-Vehicle Co. Ltd., Jinhua Jobo Technology Co., Ltd., CERO ELECTRIC CARGO BIKES, Worksman Cycles, DOUZE Factory SAS, XYZ CARGO, Butchers & Bicycles ApS, NIHOLA, Babboe, Yuba Electric Cargo Bikes, BODO Vehicle Group Co., Ltd. (LUXMEA), Chongqing Mobimax Technology Co., Ltd., Carqon (Accell Group N.V.), XCYC (Gemeinnützige Werkstätten und Wohnstätten GmbH ), Riese & Müller GmbH, Urban Arrow, Rad Power Bikes Inc., Tern Bicycles (Mobility Holdings, Ltd.), Pedego Electric Bikes, Xtracycle Inc, Amsterdam Bicycle Company, Triobike.

Some recent developments in the electric cargo bike market are:

• In October 2022, French company Douze Cycles introduced a series of cargo bikes comprising four models, three of which feature electric assistance. These bikes offer an impressive hauling capacity of up to 205 kg.
• In June 2022, Tern unveiled NBD, a low-step e-bike capable of supporting a maximum gross vehicle weight of 140 kg. It features a rear rack with a capacity of up to 27 kg and a front rack that can handle up to 20 kg.
• DOUZE Factory SAS, a French company specializing in cargo bike design and manufacturing, revealed a collaboration with Toyota on March 8, 2023. Together, they will co-develop and launch a new lineup of electric cargo bikes.
• On November 3, 2022, Yuba Bikes from California introduced their popular non-motorized ‘longtail’ bicycles. These bikes have an extended deck for carrying cargo or passengers. Yuba expanded their cargo bike range with the new Fastrack model, featuring a patent-pending integrated Dual Rack System that can be adjusted in four ways to accommodate different cargo or passenger.

Request for Report Ask A Question:
https://www.futuremarketinsights.com/ask-question/rep-gb-7803

Key Segments Profiled in the Electric Cargo Bike Industry Survey

By Product Type:

• Two Wheeled
• Three Wheeled
• Four Wheeled

By Battery Type:

• Lead-Based
• Nickel Based
• Lithium Ion

By End-Use:

• Courier & Parcel Service Provider
• Large Retail Supplier
• Personal Transportation
• Service Delivery
• Waste & Municipal Services

By Region:

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

 

The global automotive tuner market is anticipated to attain a valuation of US$ 6.4 billion in 2023 and is projected to reach US$ 12 billion by 2033, trailing a CAGR of 6.4% during the forecast period.

The automotive tuner market caters to enthusiasts and consumers seeking to enhance the performance, appearance, and customization of their vehicles. Tuning involves modifying various components of a vehicle, including the engine, suspension, exhaust system, and exterior aesthetics, to achieve desired performance and styling enhancements. As automotive enthusiasts seek to personalize their vehicles and improve driving dynamics, the demand for aftermarket tuning products and services continues to grow, driven by several key factors.

Key Drivers Fueling Growth in the Automotive Tuner Market:

• Performance Enhancement: Enthusiasts and performance-oriented consumers seek aftermarket tuning solutions to unlock additional horsepower, torque, and overall performance from their vehicles. Tuning upgrades such as engine remapping, turbocharger kits, high-flow exhaust systems, and performance air intakes allow drivers to optimize engine performance and achieve higher levels of acceleration, speed, and responsiveness.

Request a Sample of this Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-13120

• Customization and Personalization: The desire for individuality and self-expression drives demand for automotive tuning products and accessories that allow vehicle owners to personalize the appearance and styling of their vehicles. Tuner enthusiasts customize their vehicles with aftermarket body kits, aerodynamic enhancements, custom wheels, paint schemes, and interior upgrades to create unique and eye-catching vehicles that reflect their personal taste and style preferences.
• Motorsports and Track Performance: Motorsports enthusiasts and amateur racers invest in aftermarket tuning solutions to improve the handling, stability, and track performance of their vehicles. Tuner upgrades such as suspension upgrades, brake kits, lightweight wheels, and aerodynamic enhancements enhance vehicle dynamics and cornering capabilities, allowing drivers to achieve faster lap times and better on-track performance in competitive racing events and track days.
• Technological Advancements: Advances in automotive technology and engineering drive innovation in the automotive tuner market, resulting in cutting-edge performance upgrades and tuning solutions. Digital tuning tools, engine management systems, and software-based tuning solutions enable precise calibration and optimization of engine performance parameters, maximizing power output and drivability while ensuring engine reliability and durability.
• Popularity of High-Performance Vehicles: The growing popularity of high-performance vehicles, sports cars, and enthusiast-focused models creates a lucrative market for aftermarket tuning products and services. Tuning companies and aftermarket manufacturers cater to enthusiasts of popular performance vehicles, including muscle cars, sports sedans, hot hatches, and exotic supercars, offering a wide range of tuning upgrades and customization options to enhance vehicle performance and aesthetics.

Key Takeaways

• United States automotive tuner market is expected to grow with a CAGR of 6.1% during the forecast period.
• The market in China is expected to grow with a CAGR of 6.5% during the forecast period.
• By component type, the hardware segment is projected to grow with a significant CAGR of 6.7% during the forecast period.
• The market in India is expected to grow with a CAGR of 6.4% throughout the forecast period.

“The utilization of advanced engine technology and increasing affordability of aftermarket components is expected to drive market growth during the forecast period,” comments an FMI Analyst

Not getting the data you are looking for? Our experts provide you customized reports!
https://www.futuremarketinsights.com/customization-available/rep-gb-13120

Competitive Landscape

The automotive tuner market is intensely competitive, with several key industry players investing heavily in providing these services.

The key industry players are Roo Systems, EFI Live, Magic Motorsports, Edge Products, Derive Systems, Cobb Tuning, Alientech SRL, Diablo Sport, Mountune, Autotuner, AEM Electronics, Hypertech Inc., HP Tuners, Flashtec SA, Jet Performance Products.

Key industry players are utilizing organic growth strategies like acquisitions, mergers, tie-ups, and collaboration to bolster their product portfolio. This is expected to propel the global automotive tuner market.

• In April 2023, Mountune unveiled the launch of the mountune N1 engine series, a range of high-performance long-block crate engines particularly engineered for motorsport enthusiasts and professional race teams.
• In April 2022, Motul, a well renowned oil & lubricants company, initiated a technical partnership with Mountune USA.
• In May 2023, ABT Sportsline, a well-known tuner specializing in Audi and VW Group vehicles, unveiled the limited edition ABT RS6 Legacy Edition (LE).

Ask the Analyst:
https://www.futuremarketinsights.com/ask-question/rep-gb-13120

Key Segments Profiled in the Automotive Tuner Market Survey

Component Type:

• Hardware Component
• Software

By Vehicle Type:

• Passenger Car
• LCV
• HCV

By Fuel Type:

• Gasoline
• Diesel

By Sales Channel:

• Direct Sales
• Third Party Online Channel
• Independent Stores/Shops
• Other Sales Channel

By Region:

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

The automotive glass market is anticipated to secure a valuation of US$ 3.85 billion in 2023 and is estimated to rise to US$ 5.70 billion by 2033. The market is securing a CAGR of 4% during the forecast period.

The automotive glass market encompasses a wide range of glass products used in vehicles, including windshields, side windows, rear windows, and sunroofs. Automotive glass serves multiple functions, including providing structural integrity, enhancing visibility, and improving safety and comfort for vehicle occupants. As the automotive industry evolves and vehicle design becomes more sophisticated, the demand for advanced automotive glass solutions continues to grow, driven by several key factors.

Key Drivers Fueling Growth in the Automotive Glass Market:

• Vehicle Safety Regulations: Stringent safety regulations mandating the use of safety glass in vehicles drive demand for automotive glass products that meet regulatory standards for crashworthiness, impact resistance, and occupant protection. Compliance with safety regulations requires automakers to invest in high-quality automotive glass solutions, including laminated glass for windshields and tempered glass for side and rear windows.

Request a Sample of this Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-2262

• Increasing Vehicle Production and Sales: The growing production and sales of passenger cars, commercial vehicles, and electric vehicles worldwide contribute to the demand for automotive glass products. As vehicle production volumes increase, there is a corresponding need for automotive glass to equip new vehicles, replace damaged glass, and support aftermarket sales and repairs.
• Advancements in Glass Technology: Ongoing advancements in glass technology, such as advanced coatings, acoustic laminates, and smart glass solutions, enhance the performance, functionality, and aesthetics of automotive glass products. Innovations in glass manufacturing processes and materials result in lighter, stronger, and more energy-efficient automotive glass solutions that meet the evolving needs of vehicle manufacturers and consumers.
• Demand for Lightweight Materials: Automakers prioritize lightweighting initiatives to improve fuel efficiency, reduce emissions, and enhance vehicle performance. Automotive glass products made from lightweight materials, such as thin-glass technologies and hybrid laminates, contribute to vehicle weight reduction without compromising safety or structural integrity, driving demand for lightweight automotive glass solutions.
• Growing Focus on Vehicle Comfort and Aesthetics: Consumers demand vehicles with enhanced comfort features, improved interior ambiance, and stylish design elements. Automotive glass products with acoustic insulation properties, UV protection coatings, and customizable aesthetics, such as tinted glass and privacy glass, contribute to a more comfortable and visually appealing vehicle interior, stimulating market demand for premium automotive glass solutions.

Key Takeaways:

• The automotive glass market is registering to have a valuation of US$ 5.70 billion by 2033.
• With a CAGR of 4%, the global market is increasing during the forecast period.
• The market in the United States dominates the global market by capturing a maximum share through 2033.

Who is Winning?

There are several competitive players in the automotive glass market, each playing strategic role in the industry. Here are some of the key players:

• Saint-Gobain S.A.: One of the leading players in the automotive glass market, Saint-Gobain S.A. is a French multinational company that produces a wide range of glass products, including automotive glass. The company’s strategic focus is on innovation and sustainable development.
• AGC Inc.: AGC Inc. is a multinational glass manufacturing company in Japan known for producing high-quality glass products. The company strongly focuses on research and development and constantly works to improve its products and processes.
• Nippon Sheet Glass Co., Ltd.: Nippon Sheet Glass Co., Ltd. is anotherglass manufacturing company in Japan that produces various glass products for the automotive industry, including laminated and tempered glass. The company’s strategic focus is on global expansion and growth.
• Fuyao Glass Industry Group Co., Ltd.: Fuyao Glass Industry Group Co., Ltd. is a glass manufacturing company in China that produces a wide range of automotive glass products, including laminated glass. The company focuses on vertical integration and improving its supply chain efficiency.
• Guardian Industries Corp.: Guardian Industries Corp. is a multinational company in America that produces a range of glass products, including automotive glass. The company’s strategic focus is on innovation and developing new products that meet the evolving needs of its customers.

Expand operations in the future – To get requisite details, ask for a custom report:
https://www.futuremarketinsights.com/customization-available/rep-gb-2262

Other Prominent Players in the Market are:

A.G.C. Inc., Nippon Sheet Glass Co. Ltd., Saint-Gobain Sekurit, Fuyao Glass Industry Group Co. Ltd., Pilkington Automotive Limited (N.S.G. Group), Central Glass Co. Ltd., Guardian Industries Corp., Vitro, S.A.B. de C.V., Xinyi Glass Holdings Limited, Gentex Corporation, Magna International Inc., Webasto Group, Shenzhen Benson Automobile Glass Co. Ltd., Splintex Distribution AG, Carlex Glass America L.L.C.

Recent Developments in the Global Market:

• In 2021, Saint-Gobain S.A. announced the launch of a new range of automotive glass products designed to reduce vehicle weight and improve fuel efficiency. The company also announced plans to acquire Continental Building Products, a leading gypsum wallboard and finishing product manufacturer.
• In 2021, AGC Inc. announced that it had developed a new glass technology capable of blocking up to 99% of harmful U.V. rays. The company also announced plans to invest in a new glass production facility in the United States.
• In 2021, Nippon Sheet Glass Co., Ltd. announced that it had developed a new type of glass capable of absorbing U.V. light and reducing the amount of heat entering a vehicle. The company also announced plans to expand its production capacity in China.
• In 2021, Fuyao Glass Industry Group Co., Ltd. announced that it had acquired a controlling stake in AGC Automotive Induver Morocco, a leading automotive glass manufacturer in North Africa. The company also announced plans to expand its production capacity in the United States.
• In 2021, Guardian Industries Corp. announced that it had developed a new glass technology capable of blocking up to 99% of harmful U.V. rays. The company also announced plans to invest in Poland’s new glass production facility.

Ask the Analyst:
https://www.futuremarketinsights.com/ask-question/rep-gb-2262

Automotive Glass Market by Category

By Glass Type:

• Laminated Glass
• Tempered Glass

By Application:

• Windshield
• Back Glass
• Door Glass
• Quarter Glass
• Vent Glass
• Moon/Sun Roof

By Vehicles Type:

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Electric Vehicles

By Sales Channel:

• OEM
• Aftermarket

By Region:

• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• The Middle East & 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.

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