Global Animal Theme Park Market to Reach USD 151.8 Million by 2033, Fueled by Strong Growth in Tourism and Eco-Friendly Attractions

The global animal theme park market is projected to grow significantly, from an estimated USD 85.6 million in 2023 to USD 151.8 million by 2033, at a robust compound annual growth rate (CAGR) of 5.9%, according to a newly released report by Future Market Insights (FMI). The growth of the market is primarily driven by the increasing demand for unique entertainment experiences, as well as the rising popularity of animal-centric, eco-friendly attractions.

Animal theme parks, which combine traditional zoo features with amusement park attractions, have become one of the fastest-growing segments in the global tourism industry. These parks offer visitors the unique opportunity to see animals in simulated natural habitats while enjoying entertainment such as live animal shows and thrilling rides. Oceanariums, marine mammal parks, and dolphinariums are some of the key attractions that draw millions of visitors each year.

Key Market Drivers

The growth of the animal theme park market can be attributed to several factors:

  • Education and Entertainment Blend: Visitors are increasingly drawn to animal theme parks that offer both educational experiences and engaging entertainment. Parks are integrating live animal performances, educational exhibits, and conservation messaging to captivate diverse audiences.
  • Interest in Wildlife and Novel Species: Animal lovers are attracted to parks featuring rare or unfamiliar species, along with opportunities to interact with animals in a controlled environment. This trend is boosting visitor numbers and enhancing customer experiences.
  • Eco-Friendly Attractions: North American animal theme parks, such as Disney’s Animal Kingdom, have become models of sustainability. They feature eco-friendly initiatives, such as the use of paper straws and recycling programs, which resonate with environmentally conscious visitors.

Market Segmentation

  • Ocean Animal Theme Parks (Market Share: 55.6%): Ocean animal theme parks, which feature marine life such as dolphins, orcas, and beluga whales, represent the largest segment of the market. These parks are highly popular among tourists for their unique marine animal exhibits and performances, although they have also faced criticism from animal rights activists regarding the treatment of the animals.
  • Online Booking (Market Share: 25%): The online booking channel has emerged as the most prominent method for securing tickets to animal theme parks. With limited capacity and high demand, booking online offers convenience, special discounts, and guarantees entry, further fueling the shift towards digital booking channels.

Regional Insights

  • North America (26% market share in 2022): Dominated by eco-friendly parks like Disney’s Animal Kingdom, offering a blend of animal exhibits and traditional theme park attractions.
  • Europe (23% market share in 2022): Known for personalized tours and unique experiences at parks like Chessington World of Adventures, combining animal attractions with immersive storytelling.

Competitive Landscape

Several animal theme parks, along with their parent companies, compete in the growing animal theme park industry. The demand for these parks is closely tied to the economic conditions of a country and the disposable income of consumers. To generate revenue, individual animal theme park operators focus on targeted marketing strategies. Smaller businesses typically prioritize serving local markets and offering unique attractions that aren’t available at every park. In contrast, larger animal theme park companies benefit from economies of scale in both advertising and operational costs. These companies also have the financial resources to develop or acquire high-profile, expensive rides, helping them attract more visitors.

Latest Market Updates

  • In March 2023, SeaWorld, which is Abu Dhabi’s mega theme park that holds the world’s biggest aquarium, announced its official inaugural date. The doors to the marine life theme park are expected to be open by 23 May’23. This newest attraction contains eight themed realms, with rides, up-close animal encounters, and entertainment as the key highlights.
  • In June 2023, Disney’s Animal Kingdom greeted two Hartmann’s mountain zebra foals. These can be found at the Kilimanjaro Safaris attraction.

Key Companies Profiled

Disney’s Animal Kingdom; Busch Gardens Tampa Bay; Chessington World of Adventures; Happy Hollow Park and Zoo; Aquatica; Sea World; Jerusalem Biblical Zoo; Bronx Zoo; Indianapolis Zoo; Night Safari; Jurong Bird Park; York’s Wild Kingdom; Warrawong Sanctuary; Bhindawas Wild Life Sanctuary; Bhimashankar; Elephant Nature Park; Others

Get Connected with Our Expert Analyst on Email: sales@futuremarketinsights.com

The Animal Theme Park Market Overview by Category

By Type:

  • Ocean Animal Theme Parks
  • Terrestrial Animal Theme Parks

By Application:

  • Children
  • Adult

By Revenue Model:

  • Ticket
  • Food & Beverage
  • Merchandise
  • Hotels/Resorts
  • Others

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Tourist Type:

  • Domestic
  • International

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:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

European Destination Wedding Market Set for Rapid Growth Driven by Customization and Scenic Locations

The European destination wedding market, valued at USD 9.9 million in 2023, is set for remarkable growth over the next decade, with projections indicating it will reach USD 56.3 million by 2033. According to the latest report by Future Market Insights (FMI), the market is expected to grow at a robust CAGR of 19% from 2023 to 2033, driven by rising demand for customized and scenic destination weddings.

Europe continues to capture a significant share of the global destination wedding market, currently holding between 34% and 38%. The rise in global travel options, the popularity of destination weddings on social media, and the growing desire for unique wedding experiences are key factors fueling this growth.

Key Market Trends and Drivers

  • Customization & Personalization: Today’s couples are seeking weddings that reflect their unique preferences, from intimate ceremonies to grand celebrations. Customized packages that offer flexibility in location, theme, decor, catering, and more are increasingly in demand.
  • Technological Advancements & Connectivity: Improved accessibility through affordable travel options, enhanced connectivity, and advanced booking technologies are enabling couples to seamlessly plan their dream destination weddings.
  • Popularity of Scenic and Heritage Locations: Europe remains one of the most sought-after regions for destination weddings, with its blend of rich heritage sites, scenic landscapes, and mild weather. Countries such as Italy, Germany, and Austria are becoming top choices for couples looking to tie the knot in locations steeped in culture, tradition, and natural beauty.

Regional Insights

  • Germany: With a 4% market share in 2022, Germany is one of Europe’s leading wedding destinations. The country’s romantic palaces, castles, and cathedrals, paired with its rich cultural traditions, make it an ideal setting for both intimate and grand weddings.
  • Austria: Known for its eco-friendly wedding options, Austria is attracting couples who prioritize sustainability. With parks, vineyards, and breathtaking natural landscapes, Austria holds 13% of the European market share.
  • Italy: Famous for its iconic romantic locations, Italy is a top destination due to its combination of culture, history, and scenic landscapes. From coastal towns to grand castles, Italy is a go-to wedding venue for international couples.

Competitive Landscape

Key players are increasingly focusing on local mergers and acquisitions to expand their global footprint and capture a larger market share. In response to the growing demand for destination weddings in Europe, wedding planners are organizing themed weddings and employing diverse marketing strategies to engage a wider audience.

For instance

  • Jennifer Fox Wedding, the company conducts various free consultations to communicate and understand the couple’s real-time demand and whether the members can deliver the requirements. Based on the requirement company frames strategies for the event.
  • Denmark is gaining widespread popularity as a ‘get-hitched quick’ destination as the ‘Denmark model’ affords hassle-free marriage. There is minimal bureaucratic hassle. Since Danish marriage law treats locals and foreigners alike, foreign couples have also started to consider Denmark as a destination for their wedding.
  • Portugal is emerging as the hottest destination in Europe to get married. The country has abundant golf courses, beautiful beaches, boat trips, nightlife, and cuisine for every taste, all with the sublime temperature all year round.

Key Companies Profiled

White Eden Weddings; FiestaSol; Tropical Wedding & Honeymoon; Magical Weddings; Sparkles & Bubbles; ALL THINGS BEAUTIFUL; PLANNED FOR PERFECTION; Peach Perfect Weddings; The Wedding Travel Company; LM WEDDING PLANNER; Jennifer Fox Weddings; W Day; The Destination Wedding; Wedding Planner Roma; Studio Brzak Events; Other (as per request)

Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com

Europe Destination Wedding Market by Category

By Guest Capacity:

  • Below 100 Guests
  • 100 & Above

By Season:

  • High Season
  • Mid-Season
  • Low Season
  • Mid-peak Season

By Inclusion and Activity:

  • Accommodation Services
  • Food Service
  • Butler Services
  • Other Services

By Types of Functions:

  • Pre-wedding Ceremonies
  • Wedding Ceremonies
  • Reception
  • Bachelor’s Party
  • Other Functions

By Nationality:

  • Domestic
  • International

By Booking Channel:

  • Phone Booking
  • Online Booking
  • In Person Booking

By Destination:

  • Italy
  • Porto
  • Paris
  • Amalfi Coast
  • Edinburgh
  • Santorini
  • Mallorca
  • Venice
  • Corfu
  • Dubrovnik

By Country:

  • Germany
  • France
  • United Kingdom
  • Austria
  • Switzerland
  • Poland
  • Rest of Europe

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:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Fragrance Product Market to Reach USD 121.75 Billion by 2034, Fuelled by Innovation, Consumer Trends, and Emerging Markets

The global fragrance product market is poised for substantial growth, with projections estimating its value to surge from USD 51.43 billion in 2024 to USD 121.75 billion by 2034. This growth represents a promising compound annual growth rate (CAGR) of 9% over the next decade, driven by key trends such as innovation, wellness, and the rising demand for personalized, sustainable, and organic products.

The fragrance market’s expansion is supported by increasing disposable incomes, changing consumer preferences, and technological advancements, especially in personalization and eco-friendly formulations. As consumers seek individuality and sustainability in their purchasing choices, the fragrance sector is expected to see continued innovation and growth.

Rising Trends Driving Market Growth

  • Natural and Organic Fragrances:
    Consumers are becoming more health-conscious and environmentally aware, resulting in a shift toward natural and organic fragrance products. This rising demand is further fueled by concerns about ingredient transparency and the growing popularity of wellness-oriented goods.
  • Niche and Artisanal Brands:
    The market is also witnessing the rise of niche and artisanal fragrance brands that cater to specific tastes and offer unique scent experiences. These brands are becoming more prominent as consumers seek products that align with their personal identity and values.
  • Personalized Fragrances:
    Personalized and bespoke fragrance solutions are gaining momentum. More consumers are opting for customized scent profiles, driven by a desire for exclusivity and self-expression. This trend is expected to accelerate as fragrance technology advances and more brands offer tailored experiences.
  • Emerging Markets Expansion:
    Countries such as India, China, and Brazil are playing an increasingly important role in the fragrance market’s growth. Rising disposable incomes, urbanization, and changing lifestyle patterns are contributing to strong demand for both personal care and home fragrance products in these regions.

Regional Insights

  • India: The fragrance market in India is projected to grow at an 8% CAGR, driven by cultural significance and rising disposable income.
  • United States: The U.S. fragrance market is forecasted to expand at a 6.3% CAGR, fueled by demand across personal care, cosmetics, and wellness products.
  • China: China’s fragrance market is expected to grow at a 7.6% CAGR, supported by increasing urbanization and the growing home fragrance and personal care sectors.
  • Italy: Italy’s fragrance market is set to grow at a 6.1% CAGR, with strong demand driven by luxury perfumes and artisanal products.
  • Canada: Canada’s fragrance market is anticipated to grow at a 7.3% CAGR, driven by increased demand in the personal care and home fragrance segments.

Competitive Landscape

The competitive landscape of the fragrance product market is marked by a wide range of players, from established global fragrance houses to emerging niche artisanal brands. Smaller brands are gaining momentum by offering innovative, customized fragrance formulations that cater to specific consumer preferences. Additionally, the rise of direct-to-consumer brands, utilizing digital platforms for marketing and distribution, has intensified competition in the market.

Some of the key developments

  • In November 2022, Coty Inc. introduced Chloé Rose Naturelle Intense, marking the debut of their refillable perfume line. The innovative design of the refillable bottles aims to reduce environmental impacts throughout the product’s lifecycle, aligning with sustainability goals.
  • In July 2022, Chanel SA launched two new fragrances: Gabrielle Chanel Eau de Parfum and Gabrielle Chanel Essence Twist & Spray. The Eau de Parfum is exclusively offered online, while the Essence Twist & Spray is available in domestic markets and select global travel retail outlets, expanding Chanel’s fragrance offerings across different distribution channels.

Key Companies Profiled

International Flavors & Fragrances Inc.

Sensient Technologies Corporation

Givaudan SA

Symrise AG

Firmenich International SA

Takasago International Corporation

Avon Products, Inc.

CavinKare Pvt. Ltd

Henkel AG & Co.

Lion Corporation

Get Strategic Guidance from Our Analyst Contact us on: +1-347-918-3531

Fragrance Product Market – Key Segments

By Nature:

  • Natural
  • Synthetic

By Application:

  • Perfumes
  • Fine Fragrances
  • Cosmetics & Toiletries
  • Essential Oils & Aromatherapy
  • Hair Care
  • Soap
  • Car Care
  • Tobacco
  • Detergent

By Fragrance Type:

  • Citrus
  • Fruity
  • Spicy
  • Floral
  • Woody
  • Mossy
  • Amber
  • Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global BB Cushions Market to Reach USD 17.35 Billion by 2032, Driven by Rising Disposable Income and Growing Skin Beauty Awareness

The global BB cushions market is projected to reach a value of USD 3.61 billion in 2022 and is expected to grow at an impressive compound annual growth rate (CAGR) of 17% from 2022 to 2032. By the end of the forecast period, the market is anticipated to soar to USD 17.35 billion. This robust growth is driven by rising disposable incomes and a growing awareness of skincare and beauty, particularly among the expanding global population.

With growing awareness of skincare and rising disposable incomes, the BB cushions market is expected to continue its upward trajectory throughout the forecast period.

BB cushions are a form of liquid makeup stored in a sponge, which is placed inside a compact along with an applicator. This innovative design allows for easy application of BB creams without the mess of using hands. Over the past few years, the market has seen a variety of innovations, including metal cushions, air cushions, tension pacts, and mocha cushions, further diversifying the product offerings.

One of the key advantages of BB cushions is their portability, making them convenient to carry in a purse. The product is especially popular for creating a “no-makeup” look, which adds to its appeal among users. Additionally, BB cushions provide a smooth, even finish, with the cushion applicator ensuring precise touch-ups. They are particularly beginner-friendly, making them an ideal choice for those new to makeup.

BB cushions come with a sponge applicator, ensuring that over-application of makeup is not a concern.

As more consumers shift towards natural and organic skincare products, the BB cushions market is poised for significant growth in the forecast period. An interesting trend is the increasing interest in beauty products among men, a demographic that is expected to contribute to the rising revenue in the BB cushions market.

Key Takeaways from the BB Cushions Market

  • Europe holds a significant share of BB Cushions market. This could be credited to rising demand for anti-aging creams. Germany and the UK are leading from the front herein.
  • The countries like Thailand, China, Bangladesh, and India are dominating the BB cushions market in the Asia-Pacific and the scenario is expected to persist even in the forecast period. This could be credited to skincare market being on an expansion spree in these countries.
  • BB cushions for dry skin hold the largest market share and would continue to do so even going forward.

Key Companies Profiled

L’Oreal S.A.

Missha

Christian Dior SE

Dr. Jart+

Lancome

Sulwhasoo

Erborian

Clinique Laboratories

IT Cosmetics

Amore

3Lab

Tap into Expertise: Discuss with Our Analyst on Email: sales@futuremarketinsights.com

Key Segments Profiled in the Global BB Cushions Market

By Skin Type:

  • BB Cushions for Dry Skin
  • BB Cushions for Oily Skin
  • BB Cushions for Combination Skin
  • BB Cushions for Normal Skin

By Nature:

  • Conventional BB Cushions
  • Organic BB Cushions

 By Sales Channel:

  • Indirect Sales of BB Cushions
  • Direct Sales of BB Cushions
  • Specialty Stores
  • Independent Stores
  • Online Stores
  • Hypermarket/Supermarket

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Cooker Hood Market to Experience Steady Growth Driven by Innovation, Sustainability, and Rising Consumer Demand

The global cooker hood market is expected to reach a value of USD 15,242.3 million in 2024 and expand at a robust compound annual growth rate (CAGR) of 6.4% over the next decade. By 2034, the market is projected to surpass USD 28,322.2 million, driven by technological advancements, increasing consumer demand for kitchen appliances, and a focus on sustainability.

Cooker hoods, also known as range hoods, have long been essential kitchen appliances due to their ability to remove smoke, steam, and odors, creating a safer and more comfortable cooking environment. In recent years, these appliances have evolved from mere functional tools into stylish kitchen accessories, with significant investments in research and development resulting in smart, energy-efficient, and aesthetically pleasing designs.

Key Drivers of the Cooker Hood Market

  • Technological Advancements: Continuous innovation in cooker hood design and features, such as smart connectivity, auto-clean options, and advanced filtration systems, is enhancing product performance and driving consumer interest.
  • Rising Consumer Demand for Comfort and Convenience: Growing awareness of the importance of air quality and kitchen cleanliness, along with the increasing adoption of modern, minimalist kitchen designs, is boosting demand for range hoods.
  • Sustainability and Eco-friendly Features: The trend toward environmentally friendly products, including energy-efficient LED lighting, recyclable materials, and reduced noise pollution, is attracting eco-conscious consumers.
  • Urbanization and Rising Disposable Incomes: As urbanization accelerates, particularly in developing economies like India and China, more consumers are investing in modern kitchen appliances like cooker hoods, driven by higher disposable incomes and changing lifestyles.
  • Growth of the HoReCa Sector: The increasing number of commercial foodservice establishments, such as restaurants and cafes, is creating a growing need for high-performance cooker hoods to improve air quality and kitchen hygiene.
  • Consumer Preference for Stylish, Space-saving Designs: The demand for sleek, ceiling-mounted, and wall-mounted cooker hoods is increasing, driven by preferences for minimalist, modern kitchen aesthetics.
  • Rising Popularity of Modular Kitchens: As modular kitchen designs gain popularity, especially in emerging markets, the need for efficient and visually appealing range hoods continues to rise, boosting market growth.

Regional Insights

  • United States: The market is growing steadily, driven by early adoption of innovative cooker hood technologies and higher disposable incomes.
  • Germany: Strong demand for energy-efficient and silent range hoods, with significant market expansion expected due to consumer interest in advanced household appliances.
  • China: While adoption is growing, the market remains competitive, with rising demand driven by urbanization and increasing disposable incomes.
  • India: The market is expanding rapidly, fueled by rising incomes, urbanization, and the growing popularity of modular kitchens and budget-friendly cooker hoods.
  • Australia: Steady growth, supported by a demand for high-quality, efficient range hoods and the popularity of modern kitchen designs.

Competitive Landscape

The cooker hood market is being shaped by emerging industrial and urban kitchen design trends, with a clear shift toward sophisticated, low-maintenance textured matte finishes. Manufacturers are responding by introducing ceramic-finished hoods that provide a distinctive, minimalist, and contemporary aesthetic.

To stay ahead, companies are conducting in-depth market research to understand the unique characteristics, preferences, and demands of new regions before expanding. This allows them to establish a strong presence and authority in those markets. Additionally, players are increasingly focusing on expanding their reach within complementary product categories such as furniture lighting, home appliances, and surface materials, which are seeing targeted demand. To enhance market penetration, manufacturers are also strengthening their networks by expanding their dealer relationships and distribution channels in new territories.

Industry Updates

  • In March 2024, ROBAM, a kitchen appliances leader, made the debut of its latest ultra-slim powerful range hood. This was held at the Kitchen and Bath Industry Show in Las Vegas.
  • In February 2023, Electrolux, released kitchen appliances’ built-in range in India. The range consisted of range hoods, ovens, microwaves, hobs, coffee machines, and dishwashers.
  • City Energy, which is a piped gas and lower-carbon energy solutions provider, revealed its intent for the year 2024. In January 2024, the company publicly announced that it would supply smart kitchen and home solutions to Lumina Grand and Hillhaven. The solution range includes smart range hoods and electric ovens.

Leading Cooker Hood Brands

  • Miele
  • BSH Home Appliances Group
  • Bosch
  • Siemens
  • Elica hoods
  • Midea
  • Luxair Cooker Hoods Limited
  • Inflame Appliances Ltd
  • Eico A/S
  • Westin
  • Candy Hoover Group S.r.l
  • Falmec Kitchen Appliance Limited
  • Hafele Appliances
  • Others

Get Strategic Guidance from Our Analyst Contact us on: +1-347-918-3531

Key Segments of Market Report

By Product Type:

Based on product type, the industry is divided into chimney/wall-mounted cooker hoods, integrated cooker hoods, and downdraft cooker hoods.

By Technology:

By technology, the industry is bifurcated into extraction and filterless technology.

By Application:

Different applications of range hoods include residential and commercial.

By Sales Channel:

Various sales channels of range hoods consist of modern trade, multi-brand stores, exclusive stores, online stores, independent stores, and others.

By Region:

Industry growth is examined in key countries of North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

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:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

 

Automotive Body in White Industry Expected to Reach USD 89.4 Billion by 2033, Growing at a 3.5% CAGR, Reports FMI

Automotive Body in White Market
Automotive Body in White Industry

The global automotive body-in-white (BIW) industry is currently valued at USD 63.5 billion and is projected to grow to USD 89.4 billion by 2033, with a compound annual growth rate (CAGR) of 3.5% from 2023 to 2033.

The market growth is driven by industrialization, globalization, and expanded supply chains, which are strengthening the transportation and logistics sectors. Additionally, the increasing use of lightweight materials in automobiles to enhance fuel efficiency is expected to further propel the automotive body-in-white market.

Automotive body-in-white components are designed to offer high tensile strength and resistance to torsional, dynamic, static, and bending forces. This is achieved through the use of high-strength materials in their production.

However, the complexity of automotive supply chains presents a potential challenge for the market. The intricate nature of these supply chains could act as a restraint on market growth in the near future.

Future Market Insights has analyzed these dynamics in its latest report, “Automotive Body in White Market.” The study employs a comprehensive bottom-up approach, integrating primary, secondary, and tertiary research methods, supported by a dedicated team of analysts and consultants.

Key Takeaways from Automotive Body in White Industry

  • 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.

“With transportation and logistics sector gaining traction, the global automotive body in white market is expected to grow on a robust note in the forecast period”, says an analyst from Future Market Insights.

Competitive Analysis

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.

  • 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).

What does the Report state?

  • The research study is based on product type (body structure (bumper beam, crossmember, roof frame, cross car beam, and likewise), body component (quarter panel, floor panel, and rocker panel), and chassis), and by vehicle type (passenger vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs)).
  • Aluminum is being increasingly used for manufacturing lightweight vehicles. This factor is expected to drive the demand for aluminum in automotive body in white market in the forecast period.

In-Depth Market Analysis: A Complete Report

Automotive Body in White Industry 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)

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:      

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

Cargo Bike Industry to Reach USD 27,182 million by 2034, Registering an 13.1% CAGR, Reports FMI

Cargo Bike Market
Cargo Bike Industry

The cargo bike industry is evaluated at USD 7,921.5 million in 2024. The industry is expected to reach USD 27,182 million by 2034 with an emerging online buying experience. The global cargo bike market is projected to grow at 13.1% CAGR from 2024 to 2034.

In the United States, demand for cargo bikes is anticipated to rise at a CAGR of 9.5% during the same period. The country’s well-established e-mobility infrastructure and substantial government subsidies make it the leading spender on electric mobility solutions in North America.

According to FMI research, the United States is a pivotal market for electric cargo bikes, with strong demand expected to continue. The market’s growth is supported by increased research activities, the presence of major industry players, and growing investments in product development. These factors are creating significant opportunities for the electric cargo bike market in the U.S., reinforcing its position as a key driver in the global market.

In-Depth Market Analysis: A Complete Report

Key Takeaways from the Cargo Bike Industry Report:

  • 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.

Competitive Landscape:
The market for electric cargo bikes 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.

Recent Developments:

  • 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 its 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 passengers.

Cargo Bike Industry Segmentation:

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

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:

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

Electric Kick Scooter Industry to Reach USD 8,021.50 Million by 2033, Expanding at an 11.5% CAGR, Reports FMI

Electric Kick Scooter Market
Electric Kick Scooter Industry

The electric kick scooter industry is anticipated to grow from USD 2,700.9 million in 2023 to USD 8,021.5 million by 2033, reflecting a compound annual growth rate (CAGR) of 11.5% over the forecast period.

This growth is primarily driven by the increasing demand for eco-friendly transportation solutions, spurred by environmental concerns and the push for sustainable mobility options. Supportive government policies and initiatives that promote electric kick scooters as a viable alternative for last-mile transportation have further accelerated market expansion.

Despite this rapid growth, the electric kick scooter industry faces several challenges. Key issues include the need for improved infrastructure, such as more charging stations and designated parking areas. Regulatory hurdles and safety concerns regarding the integration of electric kick scooters into existing transportation systems also pose obstacles to broader adoption. Additionally, limitations in battery life and range can deter potential consumers, highlighting the need for ongoing advancements in battery technology.

The industry, however, presents promising opportunities. The rising demand for convenient and sustainable transportation solutions in urban areas worldwide creates significant potential for electric kick scooter companies. The shift towards green mobility and the increasing popularity of shared mobility services offer opportunities for collaboration with ride-sharing platforms, expanding consumer reach. Strategic partnerships with local authorities and urban planning organizations can also support infrastructure development, creating a more favorable environment for electric kick scooter adoption.

Notable trends in the industry include the integration of advanced GPS technology and smartphone connectivity in electric kick scooters, enhancing user experience with real-time navigation and ride management data. Additionally, the development of lightweight and foldable electric kick scooter models addresses the demand for versatile and portable transportation solutions.

Key Takeaways from the Electric Kick Scooter Industry Report:
The electric kick scooter industry is primarily led by the popular two-wheeled variant, commanding a significant share of 67.40% in 2023. The electric kick scooter industry has seen a notable surge in the adoption of lithium-ion batteries, which held a significant market share of 71.88% in 2023. The United States electric kick scooter industry is likely to expand at a CAGR of 11.20% from 2023 to 2033. Canada’s electric kick scooter industry is anticipated to witness a CAGR of 10.50% from 2023 to 2033. Germany’s electric kick scooter industry is expected to rise at a CAGR of 10.80% from 2023 to 2033. Italy’s electric kick scooter sector is projected to expand at a CAGR of 9.50% from 2023 to 2033. France’s electric kick scooter market is anticipated to expand at a CAGR of 11.00% from 2023 to 2033. The United Kingdom’s electric kick scooter market is expected to rise at a CAGR of 10.20% from 2023 to 2033. Spain’s electric kick scooter sector is expected to witness a CAGR of 9.80% from 2023 to 2033. China’s electric kick scooter industry is expected to grow at a CAGR of 12.60% from 2023 to 2033. India’s electric kick scooter industry is projected to witness a CAGR of 9.50% from 2023 to 2033. Japan’s electric kick scooter industry is set to experience a CAGR of 11.20% from 2023 to 2033. ASEAN’s electric kick scooter industry is expected to demonstrate a CAGR of 10.20% from 2023 to 2033. ANZ’s electric kick scooter industry is poised to demonstrate a CAGR of 9.60% from 2023 to 2033.

Competitive Landscape:
The electric kick scooter industry is highly competitive, with several leading players vying for market share. The companies in the industry also operate in a variety of markets around the world. The competition in the electric kick scooter industry is constantly evolving as new companies enter the market and existing companies expand their operations.

  • Manufacturers constantly develop new electric kick scooter products with improved features and performance. For example, some companies are developing electric kick scooters with longer battery life, faster speeds, and more durable construction.
  • Companies are expanding their operations into new markets around the world. For example, many leading electric kick scooter companies are now operating in Europe, Asia, and Latin America.
  • Businesses are partnering and acquiring each other to expand their product offerings and geographic reach. For example, in 2021, Ford Motor Company acquired Spin, a leading electric kick scooter company.

The electric kick scooter industry is expected to remain highly competitive in the coming years. Companies will need to continue to innovate and expand their operations to succeed in this market.

Leading 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 the Electric Kick Scooter Industry:

  • VOI Technology has launched a new fleet of electric kick scooters with built-in GPS tracking and navigation systems.
  • Spin has launched a new line of electric kick scooters with self-balancing capabilities and improved safety features.
  • SWAGTRON has launched a new line of electric kick scooters with foldable designs at affordable prices.
  • Niu International has launched a new range of electric scooters with high-performance motors and long battery life. Niu International has expanded its operations into new markets in Europe and North America.

Electric Kick Scooter Industry Segmentation:

By Product Type:

  • Two Wheeled
  • Three Wheeled

By Battery Type:

  • Lead-based
  • Nickel Based
  • Lithium Ion

By Price Range:

  • Below USD 200
  • USD 200 to 375
  • USD 375.1 to 750
  • USD 750.1 to 1,100
  • Above USD 1,100

By Wheel Size:

  • Less than 8 Inch
  • 8 to 8.5 Inch
  • 9 to 9.5 Inch
  • 10 to 10.5 Inch
  • Greater than 11

By End Use:

  • Personal
  • Rental/ Sharing
  • Law Enforcement

By Region:

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

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:       

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

Electric Cargo Bike Industry Poised to Exceed USD 18,052.7 million by 2034, Growing at an 14.2% CAGR, Reports FMI

Electric Cargo Bike Market
Electric Cargo Bike Industry

The global electric cargo bike industry size is anticipated to reach USD 4,781 million in 2024. It is predicted to grow at a CAGR of 14.2% during the forecast period to reach a value of USD 18,052.7 million by 2034.

This growth is largely driven by the surge in e-commerce, which has heightened the demand for efficient last-mile delivery solutions. Electric cargo bikes are ideally suited to address the challenges of urban areas, where congestion and limited parking space can impede the effectiveness of delivery vans and trucks. These bikes provide a faster, more cost-effective delivery option, making them increasingly attractive as e-commerce continues to expand.

The rising demand for electric cargo bikes is further fueled by significant investments from key industry players responding to the booming e-commerce sector. For instance, on November 24, 2022, Amazon announced plans to expand its electric cargo bike fleet in the United Kingdom. This initiative aims to improve delivery efficiency and contribute to the decarbonization of the transportation network used for package deliveries.

The growing e-commerce market, combined with the impact of the pandemic, has accelerated the need for home delivery services. Consequently, businesses are investing more in enhancing logistics and transportation to reduce downtime, cut costs, and boost customer satisfaction. This increased investment is expected to drive further demand for electric cargo bikes in the coming years.

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.

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 industry 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.

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

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:        

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

Automotive Tuner Industry to Reach USD 12 Billion by 2033, Growing at a 6.4% CAGR, Reports FMI

Automotive Tuner Market
Automotive Tuner Industry

The global automotive tuner industry is projected to grow from USD 6.4 billion in 2023 to USD 12 billion by 2033, with a compound annual growth rate (CAGR) of 6.4% over the forecast period.

This expansion is driven by the rising popularity of aftermarket automotive modifications, particularly among young adults and Generation Y consumers, who are eager to personalize and customize their vehicles with aftermarket products.

The market growth is also supported by the increasing availability of aftermarket products. The globalization of the automotive industry has led to a greater number of companies offering diverse aftermarket products and services. This wider availability enhances consumer access to desired products and fosters healthy competition among suppliers.

Affordability is another key factor fueling market growth. As the global economy improves, more consumers have disposable income to spend on aftermarket products. Consequently, companies are able to offer products at lower price points, making them accessible to a broader audience.

The market is further buoyed by growing consumer preference for high-power engines and fuel-efficient vehicles, along with an increase in disposable income. Additionally, the expansion of aftermarket vehicle repair and service options contributes to market growth.

Advanced engine technologies, such as Electronic Control Units (ECUs), are expected to offer new growth opportunities for the market. Furthermore, the rising sales of high-end luxury vehicles and the increasing costs of OEM high-powered vehicles are also driving industry expansion.

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

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).

Key Segments Profiled in the Automotive Tuner Industry 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

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:        

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