Global Deflectable Catheters Market Expected to Reach US$ 2.4 Billion by 2029, Indicates New Report

Deflectable Catheters Market
Deflectable Catheters Market

The global deflectable catheters market is poised for substantial growth, with a projected expansion at a Compound Annual Growth Rate (CAGR) of 3.9% from 2022 to 2029. According to a recent report, sales of deflectable catheters have reached a valuation of US$ 1.8 Billion and are anticipated to escalate to US$ 2.4 Billion by 2029.

Deflectable catheters hold a significant market share, accounting for 9.8% of the global catheter market revenue. This growth is primarily attributed to the increasing preference for minimally-invasive procedures, coupled with a high incidence of cardiovascular diseases worldwide.

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The rising adoption of deflectable catheters is driven by their efficacy in delivering precise and targeted treatment, minimizing patient discomfort, and reducing recovery times. These catheters offer clinicians enhanced maneuverability and control during procedures, leading to improved patient outcomes.

The growing aging population, coupled with lifestyle changes and the subsequent rise in chronic diseases, particularly cardiovascular ailments, further propels the demand for deflectable catheters. As healthcare systems worldwide prioritize patient comfort, safety, and efficient treatment, the market for deflectable catheters is expected to witness sustained growth.

Key market players are focusing on product innovation and technological advancements to gain a competitive edge in the global deflectable catheters market. This includes the development of advanced materials, enhanced catheter designs, and integration with imaging technologies for real-time visualization.

The report highlights the immense potential for growth and innovation within the deflectable catheters market, as healthcare providers continue to seek advanced solutions for minimally-invasive procedures and improved patient care.

The two factors mentioned in the passage that can positively influence demand for deflectable catheters are:

  • Increasing prevalence of cardiovascular disorders: This is because deflectable catheters are used in procedures to treat these disorders. As the number of people with cardiovascular diseases increases, so does the demand for catheters to treat them.
  • Increasing availability of microcatheters: Microcatheters are a type of deflectable catheter that is becoming increasingly popular. They are smaller and more flexible than traditional catheters, which makes them easier to use in minimally invasive procedures. As microcatheters become more available, their use is expected to increase, which will drive up the demand for deflectable catheters in general.

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Competitive Landscape:

Catheter providers focused on deflectable technology are ramping up investments to improve the maneuverability of catheters and stents, aiming to refine cardiovascular procedures.

  • In February 2022, Zeus, renowned for polymer solutions, unveiled a new addition to its product lineup. The innovative PTFE Sub-Lite-Wall® multi-lumen tubing promises to streamline catheter manufacturing significantly, potentially shaving off one-fifth of the time compared to conventional methods.

Key Companies Profiled:

  • Medtronic Plc.
  • Merit Medical Systems
  • Biosense Webster Inc.
  • Teleflex Incorporated
  • Boston Scientific Corporation
  • Biomerics LLC
  • OSYPKA AG
  • Abbot
  • Japan Lifeline Co.
  • CathRx Ltd.
  • Biotronik SE & Co. KG.

Key Segments Of Deflectable Catheters Industry Survey:

Deflectable Catheters Market by Product Type:

  • Uni-Directional Deflectable Catheters
  • Bi-Directional Deflectable Catheters
  • Multi-Directional Deflectable Catheters

Deflectable Catheters Market by Application:

  • Deflectable Catheters for Coronary Interventions
  • Deflectable Catheters for Electrophysiology
  • Deflectable Catheters for Diagnostics Imaging
  • Deflectable Catheters for Peripheral Interventions

Deflectable Catheters Market by End User:

  • Deflectable Catheters for Hospitals
  • Deflectable Catheters for Office-based Clinics
  • Deflectable Catheters for Ambulatory Surgical Centres
  • Deflectable Catheters for Independent Catheterization Labs

Deflectable Catheters Market by Region:

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

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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.

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Cargo Bike Tire Market Worth US$ 650 million by 2033

The global cargo bike tire market is anticipated to attain a valuation of US$  201.4 million in 2023 and is estimated to reach US$ 650 million by 2033. During the forecast period, a CAGR of 12.4% is expected for the market.

The global market is poised for growth in the coming years due to the increasing demand for eco-friendly transportation. According to a WHO report, air pollution has emerged as a significant cause of premature deaths, affecting approximately 3.7 million individuals under the age of 60 in 2012. Passenger trucks and vehicles are major contributors to air pollution, releasing high levels of carbon monoxide, nitrogen monoxide, and other pollutants. As a result, the growing popularity of green transportation alternatives like cargo bicycles has a positive impact on the demand for cargo bike tires. This trend is expected to create substantial opportunities for market growth in the future.

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The rising global awareness and concern for environmental issues have led to a significant shift towards eco-friendly transportation alternatives. This shift has resulted in increased sales of cargo bikes worldwide. Consequently, the global cargo bike tire market is witnessing promising growth prospects and ample opportunities in the forecast period.

In the coming years, there is an anticipated rise in the demand for sports bicycles, driven by increased usage for leisure, trekking, and participation in cycling competitions. The popularity of biking excursions to challenging terrains, such as steep mountain ranges, has been growing. As these adventurous activities gain further traction, the demand for cargo bikes is expected to increase, subsequently boosting the demand for cargo bike tires.

Key Takeaways

  • Germany cargo bike tire market is expected to grow with a CAGR of 12.3% during the forecast period.
  • The demand for cargo bike tire in United States is expected to grow with a CAGR of 12.1% during the forecast period.
  • By product type, tubeless tire segment is projected to grow with a CAGR of 12.9% during the forecast period.

 “Rising demand for eco-friendly transportation is expected to boost market growth during the forecast period,” comments an FMI analyst.

Competitive Landscape

The market for cargo bike tire is highly competitive, with numerous prominent industry players making substantial investments in increasing their manufacturing capabilities.

The key industry players Continental AG, Cheng Shin Rubber Ind Co., Ltd., The Goodyear Tire & Rubber Company, Trelleborg (Mitas), Michelin, Ralf Bohle GmbH (Schwalbe), Trek Bicycle Corporation, Hutchinson, Kenda Tires, PT. Inustri Karet Deli, Zhongce Rubber Group Company Limited, Ralson Tyres, Metro Tyre, Panaracer Corp, Vittoria S.p.A, WTB, HWA Fong Rubber Co., Ltd. (Duro Tires).

Some key developments in the cargo bike tire market are:

  • In May 2021, Schwalbe (Ralf Bohle) made history by introducing the Schwalbe Pick-Up, the world’s first tire designed exclusively for cargo bikes.
  • Continental AG introduced the Ultra Sport III in 2020, catering to bicycle enthusiasts seeking a high-quality yet affordable sport tire. This new product offers excellent traction and grip, delivering exceptional performance at a budget-friendly price point.
  • Radio Flyer introduced a compact folding cargo electric bike in November 2022.
  • In July 2022, Amazon made a significant announcement by introducing its inaugural fleet of electric cargo bikes, specifically designed to navigate the bustling streets of London.

 

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Key Segments Profiled in the Cargo Bike Tire Industry Survey

By Product Type:

  • Tube
  • Tubeless

By Tire Size:

  • Below 20
  • 20-24
  • 26
  • 27.5
  • Others

By Cargo Bike Type:

  • Two-Wheeled
  • Three-Wheeled
  • Four Wheeled

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

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Bioenzyme Fertilizers: A Sustainable Solution for Booming Organic Food Market

Bioenzyme Fertilizer Market
Bioenzyme Fertilizer Market

The global bioenzyme fertilizer market size is forecast to expand from US$ 645 million in 2023 to US$ 1500 million by 2033. Over the next ten years (2023 to 2033), global sales of bioenzyme fertilizers are projected to rise at 8.9% CAGR.

Rising adoption of sustainable agricultural practices along with burgeoning demand for organic food products is providing impetus for market expansion.

Bioenzyme fertilizers can improve nutrient availability and soil health, leading to increased crop productivity and reduced reliance on chemical fertilizers. This transformation promotes sustainable agricultural practices and reduces environmental impacts.

The market for bioenzyme fertilizers is expected to witness healthy growth due to increasing awareness about sustainable agricultural practices and need for environmentally friendly fertilizers.

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Bioenzyme fertilizers are derived from natural sources and are becoming suitable alternatives to chemical fertilizers. They are gaining wider popularity among farmers globally due to their various attractive benefits.

Growing demand for organic and sustainably produced food is another factor that is expected to create significant opportunities for bioenzyme fertilizer manufacturers.

Another key factor that is expected to positively impact bioenzyme fertilizer sales is the rising concerns regarding food insecurity triggered by reduction in arable land and population explosion.

According to the Food and Agriculture Organization (FAO) of the United Nations, severe food insecurity rose to 11.7% in 2021. This in turn is prompting farmers globally to use innovative agricultural products, technologies, and biofertilizers to enhance their crop production.

Key Takeaways:

  • Global bioenzyme fertilizer sales are expected to soar at 9% CAGR during the projection period.
  • By product type, multi-enzyme segment is forecast to thrive at 6% CAGR from 2023 to 2033.
  • Based on end user, crop producers segment is poised to exhibit a CAGR of 4% through 2033.
  • The United States bioenzyme fertilizer market is predicted to reach US$ 360 million by 2033.
  • The United Kingdom market is anticipated to cross US$ 100 million market by 2033.
  • Bioenzyme fertilizer demand in China is expected to rise at around 5% CAGR through 2033.
  • The bioenzyme fertilizer industry in Japan is forecast to exhibit a CAGR of 6% from 2023 to 2033.

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Competitive landscape:

Mycorrhizae, Biozyme Granules Manufacture, Agri Life, Ram Shree Chemicals, Laford Agrotech Limited, Bhuvan Biologicals, Farmer Crop Care Biotech, Sjv Biotech Private Limited, Somnath Crop Care, Shivshakti Minerals, ACROBiosystems, Rapid Agro Enterprise, Bio Gel Organic Fertilizers, Organic Bio Fertilizers, Novazymes, Syngenta, Valagro, Stoller Enterprises, Symborg, and Seipasa are few of the leading bioenzyme fertilizer manufacturers profiled in the report.

The growing interest in bioenzyme fertilizers has also attracted new players to enter the market. These companies bring innovative formulations, technologies, and approaches, aiming to capture market share by offering unique products and differentiation.

There are already well-established companies in the bioenzyme fertilizer market that have a strong presence and a wide range of products. These companies are investing in research and development, building strong distribution networks, and establishing brand recognition.

Ongoing research and development efforts in the field of bioenzyme fertilizers contribute to competition. Companies are investing in developing new enzyme formulations, improving delivery systems, and enhancing product effectiveness to gain a competitive edge.

The competition may vary across regions due to differences in market maturity, agricultural practices, and regulatory frameworks. Certain regions may have a more developed bioenzyme fertilizer market with several local players, while others may have limited competition.

Companies in the bioenzyme fertilizer industry also form strategic partnerships and collaborations with research institutes, agricultural organizations, and other stakeholders. These alliances help in leveraging expertise, expanding market reach, and accelerating product development.

Price competitiveness is a factor in the market, but it is often balanced with the value proposition of bioenzyme fertilizers, including their efficacy, environmental benefits, and overall impact on crop yield and quality.

Recent Developments:

  • In 2023, to boost wheat yields with reduced fertilizer, a new biostimulant was introduced by Syngenta Crop Protection.

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More Valuable Insights Available:

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global bioenzyme fertilizer market presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.

The study incorporates compelling insights on the bioenzyme fertilizer market based on product type (protease-based, amylase-based, cellulase-based, phosphatase-based, chitinase-based, laccase-based, and multi-enzyme), form (liquid concentrates, powder, granules, and pellets), and end user (crop producers, gardening & landscaping, nurseries, and DIY) across various regions.

We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Ultra-high Performance (UHP) Tire Market is Anticipated to Register 11.1% CAGR through 2033

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.

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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.

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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.

 

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More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global ultra-high performance (UHP) tire market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the ultra-high performance (UHP) tire market, the market is segmented on the basis of tire type (summer, winter, and all-season), vehicle type (sports car, SUV/MUV, and light trucks) and sales channel (OEM and aftermarket) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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 the Automotive Division at Future Market Insights

The automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

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:

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Lemongrass Oil Market Outlook: Heading Towards US$ 72.9 Million by 2032

Future Market Insights’ analysis projects that over the upcoming years, the lemongrass oil market will grow at a CAGR of 5.6%. The industry’s estimated value would increase from US$ 42.3 Million in 2022 to US$ 72.9 Million by 2032. The market for lemongrass oil was worth US$ 40.2 million at the end of 2021.

The oil for making lemongrass flavour is extracted from the stalks of the herb lemongrass (Cymbopogon). Although fresh lemongrass cannot always be found because it is mostly farmed in Asia, dried or extracted forms of the herb are increasingly commonly utilised.

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In addition to having antibacterial and antioxidant characteristics, lemongrass oil also contains vitamins A, B2, B3, B6, B5, B1, folate, and vitamin C. Additionally, it contains crucial minerals including magnesium, calcium, zinc, manganese, copper, and phosphorus. Some yeast and bacteria can be stopped from growing by using lemongrass oil. All of these various benefits have led to a huge increase in the demand for lemongrass oil. Lemongrass grows abundantly in tropical and subtropical regions including India, Malaysia, Sri Lanka, China, Cambodia, and Guatemala.

Lemongrass Oil Market: Key Trends

The study offers a critical assessment of a number of important market characteristics, consumption patterns, application-specific demand drivers, and competitive dynamics. The study aims to give readers a compelling understanding of the main investment strategies across a range of end-use applications, as well as the prevalence and significance of the many significant trends.

Lemongrass’s therapeutic advantages, such as its antifungal, antimicrobial, and anti-inflammatory capabilities, are what are driving up demand. The usage of lemongrass for commercial purposes in the personal care and food industries has been stimulated by growing understanding of the medicinal effects of essential oils.

Asian nations have seen a surge in commercial lemongrass production. The increasing use of lemongrass oil in aromatherapy is a major trend driving lemongrass oil production.
The growing popularity of aromatherapy for therapeutic purposes is also improving prospects in the lemongrass market.

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Lemongrass Oil: Segmentation

Lemongrass oil market is segmented on the basis of the application, grade and regions. On the basis of lemongrass oil application market is segmented as pharmaceutical, cosmetics & personal care, and food and beverages. As Lemongrass oil possess high medicinal value and used in various treatments since history market demand in pharmaceutical segment is significantly high. On the basis of lemongrass oil application in cosmetic & personal care products, the product is used in soaps, deodorants, shampoos, conditioner, body lotion, air freshener and tonics.

Its essential vitamin contents as well as skin healing properties are driving lemongrass oil market demand in personal care market segment. Lemongrass oil popularity as fragrance and taste, its demand in food and beverage market segment has grown over the time. It is used in various culinary delights, added to ready-made curries, paired with beef, fish, poultry and seafood’s, it is also used for flavoring tea and soups.

Lemongrass oil market is further segmented on the basis of grades as food grade and therapeutic grade. Food grade is basically for food and beverage purpose and therapeutic grade is for pharmaceutical as well as personal care uses. Lemongrass oil market is later segmented on the basis of regions, as North America North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and Middle East & Africa.

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Lemongrass Oil: Region wise outlook

Latin America and Europe are leading regional markets importing lemongrass oil. However, being origin region of lemongrass oil, Asia Pacific market leading exporter market for lemongrass oil, India and China are major producer markets.

Asia pacific and Europe markets are expected to witness higher growth in forecast period. In Asian countries such as, Thailand, Malaysia, Cambodia, Vietnam and Indonesia, lemongrass oil is a popular ingredient in many culinary delights.

The market demand of lemongrass oil is increasing its popularity in flavoring Asian cooking too. Lemongrass oil is gaining popularity from health conscious consumers from Latin America, which is driving market growth in the region.

Lemongrass Oil: Key players

Some of the key participating players in Lemongrass oil market globally are:

  • The Leburmuth Company
  • Essential Oils of New Zealand
  • Young Living Essential Oils
  • doTerra
  • Sydella Laboratoire
  • West India Spices Inc
  • Falcon
  • Rajkeerth Aromatics
  • Reho natural ingredients etc. among the others.

Regional analysis for Lemongrass Oil Market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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
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Styrene-Butadiene-Styrene (SBS) Block Copolymer Market Set to Reach US$ 10.1 Billion by 2033 with a Projected 5.8% CAGR

Styrene-butadiene-styrene (SBS) Block Copolymer Market
Styrene-butadiene-styrene (SBS) Block Copolymer Market

The global styrene-butadiene-styrene (SBS) block copolymer market revenue is anticipated to reach US$ 10.1 billion by 2033, up from US$ 5.8 billion in 2023. Future Market Insight estimated a CAGR of 5.8% for the market between 2023 and 2033.

Growing demand for fuel-efficient vehicles is driving the demand for styrene-butadiene-styrene block copolymers in the automotive industry. The increasing adoption of the SBS block copolymer in the construction industry given its excellent weather and chemical resistance properties is fueling the market expansion.

The demand for adhesives and sealants is rising. This demand is seen in various applications such as paper & packaging, woodworking, and construction. This upsurge in demand is propelling the sales of styrene-butadiene-styrene block copolymers. There is also a rising demand for bio-based and sustainable products in various industries given the increasing environmental concerns.

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The volatility of raw material prices is an important restraint for the market. The fluctuating demand in various regions given the changing consumer preferences and regulations may also hinder market growth. The availability of substitutes like polyurethanes and polypropylene also has the potential to limit market growth.

There is a growing trend toward the application of SBS block copolymer in footwear production. This material is being used for the manufacturing of shoe soles and components. The durability of the SBS block copolymer is a key property that makes it suitable for use in the production of footwear.

Styrene-butadiene-styrene block copolymers are increasingly adopted in the medical industry. It is utilized for the production of different medical devices and equipment. The outstanding biocompatibility characteristics of the material are the reason for this trend. These copolymers are unlikely to cause harm or adverse reactions to the human body.

Key Takeaways

  • The styrene-butadiene-styrene block copolymer market in the United States is expected to upsurge at 5.7% CAGR during the forecast period.
  • The market in China is expected to thrive considerably, registering a CAGR of 5.7% from 2023 to 2033.
  • With a CAGR of 5.7% over the forecast period, the market in Japan is predicted to develop notably.
  • The market in South Korea is predicted to expand significantly between 2023 and 2033, reaching a CAGR of 4%.
  • The styrene-butadiene-styrene block copolymer industry in the United Kingdom is anticipated to rise profitably, exhibiting a CAGR of 5.5% through 2033.

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Competitive Landscape:

Manufacturers in the styrene-butadiene-styrene block copolymer market are involved in producing and distributing SBS block copolymers. They conduct research and development activities to improve the properties of SBS block copolymers. Manufacturers also focus on developing personalized SBS block copolymers to meet the requirements of specific applications. In addition, they provide technical guidance and assistance to their customers to ensure the proper handling and usage of SBS block copolymers. They also create collaborative agreements with other market participants to work together on research and development activities as well as invest in manufacturing facilities.

Recent Developments:          

  • Kumho Petrochemical revealed in August 2021 its intention to adopt a manufacturing strategy that incorporates recycled styrene monomer (RSM) as a raw material. RSM is obtained from waste polystyrene (PS) that has undergone pyrolysis, which is a sustainable and environment-friendly method.
  • Kraton Corporation revealed in March 2022 that it is going to partner with SABIC, a multinational chemicals enterprise, to manufacture renewable Styrenic Block Copolymers (SBC) that are certified by ISCC PLUS at Kraton’s manufacturing facility in Berre, France.

Key Players Working in the Styrene-butadiene-styrene (SBS) Block Copolymer Market

  • Kraton Corporation
  • China National Petroleum Corporation
  • Kumho Petrochemical Co., Ltd
  • Lee Chang Yung Chemical Industry Corporation
  • LG Chem Ltd.

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 ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Automotive Wheel Bearing Aftermarket will reach a value of US$ 2,147.80 million by 2033

The automotive wheel bearing aftermarket is estimated to be worth US$ 1,446.20 million in 2023 and is projected to be valued at US$ 2,147.80 million in 2033. Between 2023 and 2033, the industry is expected to register a growth rate of 4%.

The increasing sales and production of automotive vehicles and overall growth in the automotive industry is the main factor driving the automotive wheel bearing aftermarket growth. Modern vehicles often have more complex suspension systems and wheel bearing designs. These advanced components may require specialized tools and expertise for replacement, increasing demand for professional aftermarket services.

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The growing adoption of electric and hybrid vehicles requires specialized wheel bearings designed to meet the specific demands of these vehicles, including reduced friction and extended durability. The increasing availability of aftermarket products online has made it more convenient for consumers to purchase wheel bearings, driving the market demand during the forecast period.

The increasing average age of vehicles on the road is contributing to the need for more frequent maintenance and replacements, including wheel bearings, fueling the growth of the automotive wheel bearing aftermarket growth.   Automotive wheel bearing market prominent players have begun creating hybrid automotive ball bearings with greater load capacities and enhanced overall adaptability in order to meet the demands of more efficient vehicles. Sales of hybrid bearings are anticipated to increase in the next years, which is anticipated to be positive for the industry as a whole.

Key Takeaways

  • In 2022, the automotive wheel bearing aftermarket was valued at US$ 1392.8 million.
  • Based on vehicle type, the passenger vehicle segment is expected to account for a share of 72.68% in 2023.
  • Based on product type, the tampered roller bearing segment is expected to account for a share of 31.26% in 2023
  • Global automotive wheel bearing aftermarket demand in China is predicted to account for a CAGR of 3.9% through 2033.
  • Automotive wheel bearing aftermarket in the United States is expected to account for a CAGR of 4.6% between 2023 and 2033.
  • Japan is projected to expand by a value CAGR of 3.2% between 2023 and 2033.
  • By 2033, the automotive wheel bearing aftermarket in India is anticipated to record a CAGR of 6.2% during the forecast period.

“The rapid growth of the automotive industry and growing adoption of advanced technologies for the manufacturing of better car ball bearings with improved performance are anticipated to drive the market growth during the forecast period,” – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

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Competitive Landscape

The global automotive wheel bearing aftermarket depicts a fragmented competitive landscape due to numerous players in the market. The key players in the market have adopted innovative strategies like mergers, partnerships, and acquisitions to enhance their market presence and strengthen their market hold.

  • GMB is a global supplier of automotive parts, including wheel hub assemblies and bearings. They have a strong presence in the aftermarket and are known for providing high-quality, cost-effective solutions.
  • ILJIN is a South Korean company specializing in automotive wheel bearings and hub assemblies. They have a growing presence in the global aftermarket due to their focus on quality and technological advancements.
  • Nachi is a Japanese manufacturer known for producing a wide range of bearings, including automotive wheel bearings. They serve the global aftermarket by providing reliable and durable solutions.

Key Players Profiled in the Automotive Wheel Bearing Aftermarket Report

  1. Federal-Mogul Corporation (Tennenco Inc.)
  2. Schaeffler AG
  3. Mahle GmbH
  4. Continental AG
  5. The Timken Company
  6. NSK Ltd.
  7. JTEKT Corp
  8. NTN Corporation
  9. Rheinmetall AG
  10. NRB Bearings Ltd.

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Key Segments

By Sales Channel:

  • Original Equipment Supplier
  • Independent Aftermarket

By Vehicle Type:

  • Passenger Car
    • Compact
    • Mid-sized
    • SUV
    • Luxury
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

By Product Type:

  • Ball Bearing
  • Precision Ball Bearing
  • Roller Bearing
  • Tapered Roller Bearing
  • Others

By Application:

  • Front
  • Rear

By Region:

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

Author

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

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


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Bicycle Chain Market Size is projected to reach US$ 12,802.54 million by 2034

The size of the bicycle chain market is expected to be US$ 12,802.54 million by 2034 from US$ 7,763.89 million in 2024. This industry has a steady CAGR of 5.13% through to 2034. People’s increased focus on health and fitness has made them appreciate cycling as an exercise.

Riding a bicycle has been a popular form of exercise for decades. However, in recent years, factors such as growing environmental concerns, increasing incidence of lifestyle diseases, and rising health awareness have thrown new life into the bicycle industry.

People are increasingly opting for bicycles to stay fit, minimize pollution levels, and reduce transportation costs. This high adoption rate of bicycles across the world is expected to remain a key factor augmenting sales of bicycle chains during the forecast period.

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An upcoming trend is to enable the fastest cycling times with more power to drive and maximized speed for athletes. Digitally integrated intelligence is being implemented in the mechanism to achieve smart bicycle technology. Chains are manufactured to be robust, durable and have a long life. The new development of hollow pins enables lightweight chains. The use of diamond coatings and gold coatings on chains is also an upcoming trend.

Companies want to make chains that can mesh softly across a multi-geared platform while also resisting weariness within acceptable limits. Almost every traditional bicycle brand now sells an electric bike, and several new brands specialize in e-bikes. Their sales have been continuously increasing, whereas traditional bicycle sales have considerably decreased. The electric bicycle market is presently the most profitable segment of the bicycle industry. As a result of the increase in E-Bike sales, there is a demand for E-Bike chains.

 

Bicycle Chain market is highly fragmented owing to the high presence of leading players across the region. Key players in the market are focusing on adopting alternative distribution channels, such as online, to further strengthen their market presence in the global market.

 

Key Takeaways from Market Study

 

  • By material type, the alloy steel segment is projected to hold a significant share of about 43.8% due to its features such as high durability, high endurance strength, and ductility.
  • Based on chain speed, 1-speed chain category is estimated to hold around 21.6% of the market value share.
  • By sales channel, OEM segment is expected to grow at the highest CAGR during the forecast period, creating an incremental $ opportunity of 2,502.4 Mn by 2032.
  • By 2032, East Asia is expected to hold the largest share of around 51.9% share in the global bicycle chain market.
  • The U.S. bicycle chain market is likely to surpass US$ 1,007.4 Mn by the end of 2032.
  • Demand for bicycle chains across China is projected to grow at 4.4% CAGR between 2022 and 2032.

 

“Growing demand for E-bicycle is boosting the growth of bicycle parts and components which is expected to create opportunities for bicycle chain companies. In order to grab maximum benefits, manufacturers are focusing on developing durable products while also providing new designs and customized solutions to customers as per their requirements. This will bode well for the overall bicycle chain market, says a Future Market Insights analyst.

 

Who is Winning?

Among the industry’s key players are KMC (KUEI MENG) INTERNATIONAL INC., SHIMANO INC., TIEN YUEN MACHINERY MFG. CO., LTD., RENOLD PLC., TAYA CHAIN CO., Ltd., SRAM LLC, RK SOUTH ASIA SDN. BHD, Izumi Chain Mfg Co. Ltd., Oriental Chain Mfg. Co., Ltd., ASR OVERSEAS, Zhejiang Dong Mei Chain Co., Ltd., Metro Group and others. Globally, some key players are focusing on creating a strong supply channel by expanding their supplier network in order to gain more sales from local markets.

 

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Key Segments Covered in Bicycle Chain Industry Analysis

By Chain Type:

  • 1-Speed
  • 9-Speed
  • 10-Speed
  • 11-Speed
  • 12-Speed
  • Others

By Material Type:

  • Carbon Steel
  • Alloy Steel
  • Nickel Plated

By Bicycle Type:

  • Kids
  • Road
  • Mountain
  • Racing
  • E-Bike

By Width:

  • 1/8″
  • 3/16″
  • 3/32″

By Sales Channel:

  • First Fit (OEM)
  • Replacement (Aftermarket)

By Region:

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

Explore Wide-ranging Coverage of FMI’s Automotive Landscape

Automotive ECU Market:

https://www.futuremarketinsights.com/reports/automotive-ecu-market

 

Automotive Glass Market:

https://www.futuremarketinsights.com/reports/automotive-glass-market

 

Automated Guided Vehicles (AGV) Market:

https://www.futuremarketinsights.com/reports/automated-guided-vehicles-market

 

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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
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Global HDL Cholesterol Kits Market Poised for Significant Growth, Forecasted to Reach US$ 786.2 Million by 2029, with a steady CAGR of 4.8%

The global HDL cholesterol kits market is on an upward trajectory, with sales projected to exceed US$ 568.1 million in 2022 and anticipated to soar to US$ 786.2 million by 2029, marking a robust compound annual growth rate (CAGR) of 4.8%. This growth is primarily fueled by the escalating prevalence of cholesterol-related health issues and increasing awareness among individuals about the consequences of elevated cholesterol levels.

A combination of factors, including the rise in the consumption of unhealthy diets, sedentary lifestyles, and the surge in obesity cases, is contributing to the worldwide increase in cholesterol-related health concerns. As modern life becomes increasingly fast-paced, individuals are more susceptible to adopting habits detrimental to their cardiovascular health. Consequently, the demand for HDL cholesterol kits is expected to witness significant growth in the foreseeable future.

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“The increasing prevalence of cholesterol-related health issues is a significant concern globally, and as a consequence, there is a growing awareness regarding the importance of monitoring cholesterol levels,” stated Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.). “Our company is poised to meet this rising demand by offering innovative and reliable HDL cholesterol kits that empower individuals to take charge of their cardiovascular health.”

FMI remains committed to driving advancements in healthcare by providing cutting-edge solutions that address the pressing needs of individuals worldwide. With a focus on innovation, quality, and accessibility, FMI is positioned as a leader in the global HDL cholesterol kits market.

Key Drivers:

  • Rising prevalence of cardiovascular diseases (CVDs): CVDs are the leading cause of death globally, and high cholesterol is a major risk factor. This drives demand for HDL cholesterol testing.
  • Increasing awareness: Growing public awareness about the importance of cholesterol management and preventive healthcare fuels the market.
  • Technological advancements: Advancements in diagnostic technologies, such as point-of-care (POC) testing, are making HDL cholesterol testing more accessible and convenient.
  • Lifestyle changes: Unhealthy lifestyles, including poor diet and physical inactivity, contribute to high cholesterol, leading to increased testing needs.
  • Aging population: The growing geriatric population, susceptible to chronic diseases like CVDs, is another driver.

Regional Outlook:

  • North America currently holds the largest market share but is expected to witness moderate growth.
  • Asia Pacific is the fastest-growing region due to rising healthcare spending, increasing awareness, and a large aging population.
  • Europe is expected to have stable growth due to established healthcare infrastructure and government initiatives.

Challenges and Opportunities:

  • Reimbursement policies: Uncertain reimbursement policies for HDL cholesterol testing can hinder market growth.
  • Competition: The market is competitive with established players and new entrants vying for market share.
  • Technological advancements: Continuous technological innovations offer opportunities for market expansion and improved testing accuracy.
  • Focus on preventive healthcare: Growing emphasis on preventive healthcare creates new avenues for home-based testing and personalized medicine.

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Future Outlook:

The HDL cholesterol kits market is expected to witness continued growth due to rising health concerns, increasing awareness, and technological advancements. The growing focus on preventive healthcare and personalized medicine will further propel market expansion. However, challenges related to reimbursement policies and competition need to be addressed for sustained growth.

Key Companies Profiled:

  • Diazyme Laboratories, Inc.
  • Randox Laboratories Limited
  • Fujifilm Holding Corporation
  • Thermo Fisher Scientific
  • Abcam plc.
  • Merck KGaA
  • Abbott Laboratories
  • Danaher Corporation
  • PerkinElmer, Inc.
  • Hoffmann-La Roche Ltd.

HDL Cholesterol kits industry by Category:

Product Type:

  • HDL Cholesterol Precipitating Reagent Kit
  • HDL Cholesterol Direct Reagent Kit
  • HDL and LDL/VLDL Assay Kit

End User:

  • Hospitals
  • Clinics
  • Diagnostic Laboratories

Region:

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

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About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Automotive Exterior Trim Parts Market to be worth US$ 62.9 billion by 2033

The global automotive exterior trim parts market in 2022 was US$ 21.03 billion and is estimated to be US$ 42.5 billion in 2023. According to Future Market Insight, the automotive exterior trim parts market is estimated to expand at a CAGR of 4.0% between 2023 and 2033, totaling around US$ 62.9 billion by 2033.

The rise in the trend of vehicle customization and personalization thus driving the demand for high-quality and articulated appealing automotive trim parts. Moreover, consumers search for different ways to make sure that their vehicles stand out, and customized trim parts are an easy and affordable way to achieve this market growth.

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The addition of many new and advanced features in automotive trim parts provides comfort with a decrease in the overall weight of the vehicle through the usage of fiberglass components. These components are anticipated to attract automobile companies and thus push the market’s demand and sales of automotive exterior trim parts in an upward direction.

Key Takeaways from the Market Study

  • Sales of automotive exterior trim parts are said to account for a 27% share of global automotive exterior trim parts market revenue.
  • Anticipated value of the global automotive exterior trim parts market expanded at a CAGR of 3.2% between 2018 and 2022.
  • Automotive exterior trim parts industry in North America holds a market share of 48.6%.
  • Global industrial landscape for Europe occupies a significant share of 25.2%.
  • Asia Pacific is expected to have a dominant market share of 34% during the forecast period.
  • Based on product type, demand for bumper products is estimated to be with a market share of 62.7%.
  • Based on the vehicle type segment, commercial vehicles are set to retain their dominating positions in the automotive exterior trim parts market with a market share of 44.8%.

Increasing disposable income to significantly influence market potential is considered one of the key drivers of the automotive exterior trim parts market – comments Future Market Insights analyst.

Competition Landscape

The automotive exterior trim parts industry consists of consequential market players. Further, research and development for the introduction of environment-friendly product lines form the core aspect of these manufacturers. In addition to that, other expansion strategies, inclusive of collaborations, mergers and acquisitions, and exploration of regulatory approvals, are also relied upon.

Some of the prominent players profiled in the global market are-

  1. AISIN Group
  2. CIE Automotive
  3. DURA Automotive Systems
  4. Ficosa Internacional SA
  5. GEDIA Automotive Group
  6. GRONBACH
  7. Hayashi Telempu Corporation
  8. IDEAL Automotive
  9. KASAI KOGYO Co. Ltd.
  10. KKIRCHHOFF Automotive
  11. Knauf Industries
  12. NOVARES
  13. NVH Korea
  14. Samvardhana Motherson Group
  15. TOYOTA BOSHOKU Corporation
  16. Plastic Omnium

 

Key Developments of the Leading Players in the Automotive Exterior Trim Parts Market

  • In April 2023, Dura Automotive Systems, one of the dominant manufacturing employers in Tennessee’s Bledsoe County, announced that it is going to soon shut down its plant there in the month of June and will lay off the 80 workers left from a workforce that was 500 strong four years ago.
  • In April 2023, Ficosa, considered to be a leading global company, is mainly committed to research, development, production, etc., thus, plans to sell more than 7 million cameras over the course of 2023. Ficosa’s vision portfolio includes in-vehicle and out-of-vehicle cameras to drive solutions for improved safety and comfort in mobility.

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Key Segments of Automotive Exterior Trim Parts Industry Survey

The Automotive Exterior Trim Parts Market by Product:

  • Front Bumpers
  • Rear Bumpers
  • Outside Rear View Mirrors (ORVM)
  • Rocker Panels (Under Panels)
  • Radiator Grills
  • Wheel Arch Claddings (Fender Liners)
  • Outside Door Handles
  • Exterior Car Door Trims
  • Mud Guards
  • Exterior Trim Parts

The Automotive Exterior Trim Parts Market by Vehicle Type:

  • Passenger Cars
  • Compact
  • Mid-size
  • Luxury
  • Sedan
  • SUV
  • Commercial Vehicles
  • Heavy Trucks & Buses

The Automotive Exterior Trim Parts Market by Sales Channel:

  • First Fit
  • Replacement

The Automotive Exterior Trim Parts Market by Region:

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

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