ASEAN Automotive Aftermarket Future Scenario, Key Insights, Top Companies 2031

The ASEAN automotive aftermarket is forecast to expand at 8.7% CAGR, reaching a market valuation of US$ 48.29 Bn in 2031.

The automotive aftermarket in ASEAN is reeling from the COVID-19 impact, however, recovery is likely to be more immediate compared to European and American counterparts, according to a latest study.

Future Market Insights (FMI), an ESOMAR-certified market research firm, in an updated edition of its report, revised the forecast to 8.7% CAGR. This revised forecast takes into account sluggishness induced by the global pandemic.

Key Takeaways of ASEAN Automotive Aftermarket Market Study

  • The ASEAN automotive aftermarket market is expected to grow at 8.7% CAGR over the following decade
  • Demand for automotive aftermarket services to surge from low commercial vehicles (LCV) segment
  • Tires and batteries leading categories in terms of total sales

“Automotive manufacturers are increasingly relying on silicon anode batteries to power electric vehicles (EV), given their greater energy density and better battery life. As such, these batteries are gaining huge traction among OEMs,” says FMI analyst

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-as-661

COVID-19 Impact on ASEAN Automotive Aftermarket Market

The growth of ASEAN automotive aftermarket market is linearly associated with the regional automotive industry. While the shockwaves of the COVID-19 pandemic are certainly felt across every sector, the automotive industry in ASEAN is potentially facing a significant grunt of it.

While the regional industry was already under pressure, especially in Indonesia and Thailand, acute supply chain disruptions due to COVID-19 outbreak in China is further worsening the situation.

Recent estimates reveal that the ASEAN automotive industry recorded a steep 42% decline in sales during January-May period in 2020. While Philippines topped the chart with 51.1% drop in sales, Malaysia and Indonesia registered 48.9% and 41.2% sales drop respectively. The ASEAN automotive aftermarket market, in turn, is stumbling from these reverberations.

Self-inflating Tires for Better Efficacy in Existing and Futuristic Cars

Over or under-inflated tires diminish fuel efficiency and range for conventional and electric vehicles (EV). As such, companies such as Continental AG have developed self-inflating tire concept that maintains pressure at preferred levels. The technology – C.A.R.E (Connected Autonomous Reliable Electrified) – is closely aligned with the requirements of e-mobility and autonomous driving.

The tires feature in-built pumps attached in the wheels that ensure the tire pressure remains in optimal range for efficiency. This technology is expected to help reduce CO2 emissions as well as slight improvement in average fuel economy. Majority of vehicle owners are focusing on leveraging self-inflating tires concept in a bid to avoid unnecessary maintenance expenses.

ASEAN Automotive Aftermarket Market – Competitive Intelligence

The ASEAN automotive aftermarket market is fairly competitive with, leading players capturing around 30% of the overall market value.

Most of the automotive aftermarket repair service providers in ASEAN countries fail to facilitate customers with a wide range of maintenance and repair services. Consequently, shop owners are focusing on offering specific services, or expanding their service radar. Moreover, small-scale players are forming partnerships with fleet operators and leasing firms to provide optimum maintenance and replacement services at cost-effective prices.

Find More Valuable Insights on ASEAN Automotive Aftermarket Market:

FMI, in its new market research study, delivers an unbiased analysis of the ASEAN automotive aftermarket market which comprises global industry analysis for 2015–2019 and opportunity assessment for the 2020–2030. The report provides complete analysis on ASEAN automotive aftermarket market through three different categories – by category, by vehicle type, and region. The global ASEAN automotive aftermarket market study offers insights of pricing by different life cycle analysis, product life cycle, key market trends and technologies that are being implemented in the development of the ASEAN automotive aftermarket and product adoption in various end-use industries.

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-as-661

ASEAN Automotive Aftermarket Segmentation

To understand and assess opportunities in the ASEAN automotive aftermarket, we have divided the report into three sections based on market segmentation as under:

By Category

  • Parts
    • Tires
    • Batteries
    • Filters
    • StartersandAlternators
    • Lighting
    • Exhaustcomponents
    • Sparkplugs
    • Lubricants
    • Collisionbody
    • Wear and Tear Parts
  • Accessories
    • Interior
    • Exterior
  • Services
    • General automotive repair
    • Automotive transmission and others

By Vehicle Type

  • Passenger cars
  • Commercial Vehicle

By Country

  • Malaysia
  • Indonesia
  • Philippines
  • Vietnam
  • Singapore
  • Thailand
  • Rest of ASEAN

Pre-Book Report@ https://www.futuremarketinsights.com/checkout/661

ASEAN Automotive Aftermarket Market Outlook & Key Findings

  • The ASEAN automotive aftermarket market is expected to click US$ 19.4 Bn in 2020
  • Manufacturers to reap substantial revenues from automotive aftermarket parts through 2030
  • Passenger cars continues to account for greater demand for automotive aftermarket services over the decade ahead
  • Malaysia, Indonesia, and Thailand to collectively capture over 80% of overall market value

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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

Golf Cart Market Projected to Reach US$ 2.12 billion by 2032

The golf cart market is anticipated to reach a valuation of US$ 1.34 billion in 2022, according to a recent market analysis by Future Market Insights (FMI). Through 2032, the market is predicted to expand at a CAGR of 3.9%.

The need for low-speed vehicles has increased for a number of functions, including short-distance commuting in parks, commercial districts, colleges, and other locations. As a result, the golf cart market is growing.

Moreover, future infrastructure and equipment developments are likely to help the industry as the leisure and tourist sector expands. Demand for golf cart is expected to rise as utility vehicles gain more and more use outside of golf courses.

Request Sample Report:

https://www.futuremarketinsights.com/reports/sample/rep-gb-230

After the pandemic, it’s expected that restrictions are lifted and market demand can return to its pre-pandemic levels. Additionally, due to its modular architecture and variety of modification options, golf carts can be modified to match the needs of final consumers, enabling the owner to run a lucrative business.

The surge in sales of golf cart in the tourism, hospitality, academic, and other sectors is predicted to hasten the rise of golf cart market share.

A variety of federal and state laws that regulate the use of golf carts take into account a number of various factors, such as road access, passenger capacity, safety, headlights, brakes, and a valid driver’s license, which can impede the golf cart market growth.

In North America and Europe, the market is far more developed. Therefore, it is projected that future innovation and technology developments in the European and American golf cart industries, such as electrification, linked mobility, and autonomy, are fueling market expansion.

Request for Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-230

Key Takeaways  

  • The golf cart market is likely to have a CAGR of 9% during the forecast period.
  • According to the product type, the electric golf cart holds 80.34% share in 2020 for the golf cart market.
  • North America holds a significant share in the global golf cart market.
  • Based on application, the golf course industry accounted for the largest market share by 2032.
  • The value of the golf cart market is expected to be US$ 2.12 billion by 2032.
  • Europe holds the second position in the golf cart market during the forecast period.

Competitive Landscape:

The golf cart market is projected to continue rapidly electrifying as manufacturers concentrate on creating and delivering new generation electric models with enhanced travel range and battery capacity during the projection period.

Major Market Players in the golf cart market are Club Car, LLC Yamaha Golf-Car Company, E-Z-GO, EverGreen Electrical Vehicles, Columbia ParCar Corp, Hitachi Chemical Co., Ltd, Xiamen Dalle Electric Car Co., Ltd. Company, Maini Material Movement Pvt. Ltd, Garia Luxury Golf Car, Cruise Car, Inc., Toyota Motor Corporation, Polaris Inc, Solorider, GDRIVE Golf Cart, Carrieall Car Pvt Ltd, and Volmac Engineering Pvt Ltd.

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-230

Key Segment

By Product Type:

  • Push-Pull Golf Cart
  • Gasoline Golf Cart
  • Electric Golf Cart
  • Solar Powered Golf Cart

By Operation:

  • Manual
  • Powered

By Application:

  • Golf Courses
  • Personal Use
  • Industry Use
  • Others

By Ownership:

  • Rented
  • Fully Owned

By Region:

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

Recent Developments

  • E-Z-GO debuted the E-Z-GO Liberty in June 2021, the company’s first golf car with four forward-facing seats in a small cart.
  • The Lamborghini family and Indian EV business Kinetic Green Energy & Power Solutions announced their collaboration to produce products for the international market in October 2021.
  • The Yamaha Golf-Car Company officially became the National Golf Course Owners Association’s (“Official Golf Car Partner”) “Official Golf Car Partner” in January 2021.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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

 

Lightweight Automotive Body Panels Market Size to expand at a CAGR of 4.6% by 2032

The global lightweight automotive body panels market size was valued at US$ 111.5 Bn in 2021 and is estimated to reach a valuation of US$ 117.0 Bn in 2022. Furthermore, with growing demand for lightweight and energy efficient vehicles, the overall demand for lightweight automotive body panels is slated to grow at a CAGR of 4.6% between 2022 and 2032, totaling around US$ 183.5 Bn by 2032.

Automotive body panels such as bumpers, hoods, door panels, roof, and trunk lids are manufactured using lightweight materials such as high-strength steel, aluminium, magnesium, and polymers and composites in order to provide desired strength with reduced weight.

Lightweight automotive body panels help improve fuel economy and performance of vehicles by reducing the overall weight of the vehicle. About 25% reduction in automobile weight saves 3.5 to 5.0 tonnes of greenhouse gas emissions over the lifetime of an average car. Manufacturers today are adopting lightweight body panels in vehicles in order to comply with government regulations pertaining to greenhouse gas emissions.

Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-1532

Key Segment

By Material Type

  • Metals
  • High-strength Steel
  • Magnesium
  • Aluminium
  • Polymers & Composites
  • Carbon Fibre Reinforced Plastics
  • Glass Fibre Reinforced plastics
  • Other Polymer & Composite Materials

By Component Type

  • Bumpers
  • Hood
  • Door Panels
  • Trunk Lids
  • Roof
  • Others

By Vehicle Type

  • Light Commercial Vehicle
  • Heavy Commercial Vehicle

Download PDF Brochure: https://www.futuremarketinsights.com/reports/brochure/rep-gb-1532

By Region

  • Passenger Car
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  •  APEJ
  • Japan
  • MEA

Segmentation highlights

The global lightweight automotive body panels market is segmented on the basis of Material Type (Metals, Polymers & Composites); Component Type (Bumpers, Hood, Door Panels, Trunk Lids, Roof, Others); and Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle).

  • The Metals material type segment is likely to be valued at US$ 92.7 Bn by 2016 end
  • The Door Panels component type segment is anticipated to be a prominent segment accounting for maximum market share of 32.9% by 2016 end
  • The Passenger Car vehicle type segment is expected to expand at a significant CAGR of 5.5% over the forecast period

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-1532

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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

Automotive Washer System Market Size worth US$ 39.1 billion by year 2032

The global automotive washer system market size was valued at US$ 22.3 Bn in 2021 and is likely to reach a valuation of US$ 23.5 Bn in 2022. Furthermore, with rapid expansion of automotive industry, the overall demand for automotive washer systems is projected to grow at a CAGR of 5.2% between 2022 and 2032, totaling US$ 39.1 Bn by 2032.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1081

Increasing vehicle production and adoption of efficient wiper and washer technologies are primary factors bolstering the sales of washer systems globally. Moreover, high replacement rate of washer system components is expected to result in high sales in the aftermarket segment. The emergence of newer wiper blade and windshield cleaning technologies is resulting in higher cost of end products, which is a major factor restraining adoption of these products among consumers. High market penetration of relatively low-cost wiper and washer system alternatives restricts demand for wiper de-icer, nozzle integrated wipers and heated nozzle washer systems.

Segmentation highlights

The global automotive washer system market is segmented on the basis of Component (Nozzles, Reservoirs, Hose & Connectors, Pumps, Windshield Wipers, Wiper Motor); Sales Channel (OEM, Aftermarket); Technology (Electric, Mechanical); Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles); and Application (Windshield Washer System, Headlamp Washer System).

  • Windshield wiper was the largest segment by component in 2015 and this will remain unchanged in 2016
  • Nozzle and hose & reservoir segments are expected to be the next large segment in terms of volume
  • By value, wiper motor segment is expected to remain dominant over the forecast period. The segment is expected to account for share of 45.9% in 2016 and is expected to maintain dominance over the forecast period
  • By product type, windshield washer segment was the largest segment in 2015, and this segment is anticipated to hold 72.3% of the market revenue by 2026. Advancements in wiper blade technology and nozzle design will support growth of the market over near future
  • Headlamp washer system segment is anticipated to witness a relatively high value CAGR than windshield washer system.  Increasing sales of premium and luxury vehicle globally is anticipated to bolster the growth of headlamp washer system. Furthermore, automakers in the market are focussing on introducing value added features in their mid-range vehicles, so as to earn competitive edge in the market

We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-1081

Regional projections

The global automotive washer system market is segmented into the regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA, and Japan. Asia Pacific, the largest market for automotive washer systems is expected account for US$ 5.5 Bn revenue in 2016. Increasing adoption of headlamp washer systems in semi-luxury and mid-sized cars is major trend witnessed in the region. North America is expected to be the next big market, the region accounted for 21.1% of the total revenue share in 2015 and is anticipated to hold 20.7% in 2016. The recent relocation of automobile production facilities to developing nations such as Mexico will impact the OEM sales of washer systems in the region. Western Europe is expected to account for US$ 3.3 Bn revenue in 2016. The market for headlamp washer systems in the region is majorly driven by the existing stringent regulations to deploy these systems with high intensity headlamps.

Market Segmentation

By Component

  • Nozzles
  • Reservoirs
  • Hose & Connectors
  • Pumps
  • Windshield
  • Wipers
  • Wiper Motor

By Sales Channel

  • OEM
  • Aftermarket

By Technology

  • Electric
  • Mechanical

By Vehicle Type

  • Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Application

  • Windshield Washer System
  • Headlamp Washer System

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-1081

Vendor insights

Robert Bosch GmbH, Denso Corporation, Valeo S.A., continental AG and Mitsuba Corporation are the top five players in the global automotive washer system market, accounting for about 30% market revenue share in 2015. The leading players in the market are focusing on acquisition, collaboration and partnerships of/with technology providers to increase their product portfolio and market presence. Furthermore, expansion of production facilities, particularly in developing nations, is the key strategy adopted by major players in the market.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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

Car Security System Market size to reach a valuation of US$ 33.8 Billion by 2031 | FMI

As per the latest survey conducted by FMI, the global car security system market size is to grow 11.8% CAGR between forecast period. Growing concerns regarding vehicle safety among users and automotive manufacturers are facilitating the growth in the market.

A swift rise in incidence of car thefts across the world is the primary factor driving the market. In response to this, the car security system market is projected to surpass US$ 33.8 Bn by 2031.

Request a Sample of this Report:

https://www.futuremarketinsights.com/reports/sample/rep-gb-617

According to preliminary reports by the National Insurance Crime Bureau, nearly 873,080 automotive thefts were reported across the U.S. in 2020, which is 9.2% more compared to 2019. This rise in number of thefts is increasing demand for vehicle theft prevention systems such as car alarms and immobilizers.

Growing automation in the automotive industry and introduction of remote operating features in next-generation vehicles are increasing the installation of security systems such as keyless access and central locking systems.

Also, the implementation of regulations mandating the installation of basic car security system in vehicles is boosting the market. Surging adoption of car security systems, especially across North America and Europe, will drive the sales at 11.8% CAGR over the forecast period (2021-2031).

In terms of product type, the passenger cars segment is projected to outpace light commercial vehicle segment. The segment is expected to account for more than 4/5th of sales through 2031. Surging demand for luxury cars and sport utility vehicles (SUVs) across the U.S., China, and India is driving the growth in the segment.

“Increasing adoption of advanced automotive electronics and integration of novel technologies such as telematics, artificial intelligence, and electronic control units (ECUs) by original equipment manufacturers (OEMs) are expected to accelerate the growth in the market,” says a FMI analyst.

Key Takeaways from Car Security System Market Study

  • The U.S. is projected to dominate the North America market, accounting for nearly 3/4th of the overall sales in the region between 2021 and 2031.
  • Italy is forecast to emerge as one of the highly remunerative markets in Europe, creating an absolute dollar opportunity of around US$ 901.8 Mn by 2031-end.
  • India is estimated to account for the largest share in South Asia & Pacific, projecting sales at a CAGR of 13% over the assessment period.
  • China is expected to account for nearly 18.1% of the global revenue share, favored by the increasing demand for passenger cars in the country.
  • Based on the sales channel, the aftermarket segment is anticipated to account for over 70% of the total share in the market from 2021 to 2031.

Download PDF Brochure: https://www.futuremarketinsights.com/reports/brochure/rep-gb-617

Key Drivers

  • Integration of smart electronic features and advanced sensors across older passenger vehicles is driving the sales of car security systems in the automotive aftermarket segment.
  • Surging demand for small size commercial vehicles with advanced security features from small and medium-sized enterprises, especially, across the emerging economies such as India, China, Brazil, and others is driving the sales of car security systems.

Key Restraints

  • High cost of installation and maintenance of car security systems and the need to replace the systems after every 4 to 5 years are factors expected to limit the sales.
  • Inadequate adoption of security systems in the entry-level vehicle segment to maintain the affordability of the cars across the targeted population is hampering the market growth.

Competitive Landscape

Key companies in the global market are aiming at entering into partnership, mergers, acquisitions, and strategic collaborations to expand their production facilities. Some of the players are emphasizing on research and development (R&D) to launch high quality and advanced car security systems to gain a competitive edge. For instance:

  • In June 2021, Hella, a Germany-based automotive part supplier, announced introducing a digital car key system named, “Smart Car Access.” The key is in-built with ultra-wideband technology which provides complete hands-free and smartphone-based vehicle access to the user.
  • In February 2020, the Mitsubishi Electric Corporation, Japanese multinational electronic manufacturing company, announced launching a sensor-security technology which is capable of detecting malicious attacks through its sensor fusion algorithm. The product launch will assist the company to strengthen its portfolio across vehicle security.

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-617

Key players in the car security system market profiled by FMI are:

  • Continental AG
  • Robert Bosch GmbH
  • HELLA GmbH & Co. KGaA
  • Aptiv plc
  • Denso Corporation
  • Tokai Rika Co., Ltd.,
  • ALPHA Corporation
  • Stoneridge Inc.
  • Mitsubishi Electric Corporation,
  • Huf Hülsbeck & Fürst GmbH & Co. KG,
  • Valeo S.A.,
  • Marquardt GmbH,
  • I Car Srl,
  • Directed Inc.,
  • ALPS ALPINE CO. LTD
  • Atech Automotive (Wuhu) Co., Ltd.

More Valuable Insights on Car Security System Market

The latest study by FMI offers an unbiased analysis of the global car security system market, providing detailed insights into factor favoring the growth in the market through 2031. The study also disclosed growth projections in car security system market with detailed segmentation:

By Product Type:

  • Central Locking System
  • Car Alarm
  • Immobilizer
  • Remote Keyless Entry
  • Others

By Vehicle Type:

  • Passenger Car
    • Compact
    • Mid-Size
    • Luxury
    • SUV
  • Light Commercial Vehicle

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

Key Questions Covered in the Report

  • The report offers insight into car security system market demand outlook for the forecast period 2021-2031
  • The market study also highlights projected sales growth for car security system market between 2021 and 2031
  • Car security system market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
  • Car security system market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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

 

Soft Magnetic Composites Market is forecast to grow at 8.7% CAGR through 2022-2029

Due to its ferromagnetic qualities, soft magnetic composites (SMCs) are widely used in the automotive industry. The global soft magnetic composites market, which is primarily propelled by this, is anticipated to display a strong CAGR during the forecast period of 2022–2029, reaching a value of US$ 80 Bn in 2029. A technology that uses least energy, is most effective, and can operate in extreme frequencies and temperatures is provided by the right SMC combination.

Electronic machines that increase dependability and efficiency, such as motors, inductors, and other electronic machines, are in high demand in the automobile sector. Additionally, the market mandates that components like inductors, which take up a lot of space, be made smaller. The usage of soft magnetic materials, such as soft magnetic composites, has thus been driven by efforts to strike a compromise between working efficiency and smaller size.

Request for PDF Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-869

Key Takeaways

  • Demand for electrical steel segment is expected to grow at a healthier rate. Its market share is anticipated to increase owing to application in different end-use industries, along with cost-effective nature of the material.
  • 5P type, though most expensive, is prominently used in the power generation industry. As the demand for this segment is increasing, SMC manufacturers are under high pressure to reduce its price.
  • The Asia Pacific region holds a prominent share of soft magnetic composites market owing to the constantly increasing presence of strong electronic and automotive sector in countries such as China, India, ASEAN Countries, and Japan.
  • East Asia is projected to be a hub for electronic industry, countries such as China, are anticipated to be at the epicenter of opportunities in the electronic industry.
  • Soft magnetic composites are increasingly gaining traction within the 3D-printing technology space.

SMC are advantageous as they offer the possibility of developing three dimensional shapes with complex geometry in extreme conditions, along with being cost effective and energy efficient. Moreover, acceptance of new technologies in automotive and consumer (electronics) goods industry such as 3D printing has paved a path of new opportunities for soft magnetic composites market.

Market Landscape Moving towards Consolidation

The soft magnetic composites market is highly consolidated owing to the prominence of handful of players with extensive R&D capabilities. Key manufacturers in the tier I such as GKN Powder Metallurgy (Melrose PLC) and Hitachi Metals Ltd. are pushing towards consolidation by opting for growth strategies such as acquisitions, joint ventures, and others.

Soft Magnetic Composites Market Taxonomy

Material

  • Electrical Steel
  • Soft Ferrite
  • Iron Powder

End Use

  • Automotive
  • Industrial Machinery & Equipment
  • Consumer Goods
  • Power Generation
  • Others

Region

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

Feel free to ask your queries: https://www.futuremarketinsights.com/ask-question/rep-gb-869

Know More About Report Inclusions

Future Market Insights has published a market research report on the soft magnetic composites market that contains global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report provides insightful analysis of the Soft magnetic composites market through three different segments, namely material, type, application, end-use industry, and region. The soft magnetic composites market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world along with a detailed overview of the parent market.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com

 

 

Vapour Barrier Market will Register a Staggering 4.4% CAGR through 2029

Vapour barrier sales are anticipated to steadily increase in the years to come, driven mostly by the building and construction sector’s continued demand. According to a recent Future Market Insights (FMI) analysis, the global vapour barriers market will grow at a CAGR of roughly 4.4% from 2022 to 2029.

Vapour barriers are crucial because they completely insulate building structures from vapour and moisture, protecting even the most durable of buildings from the harm that might result from water condensation. Vapour barriers are used to maximize the effectiveness of a space conditioning system, which increases demand for them throughout the building sector.

Heavy usage of vapour barriers in commercial and residential buildings to prevent moisture damage to infrastructure is anticipated to be the primary growth driver. However, increasing utilization of vapour barriers in the packaging industry to prevent moisture damage and interstitial condensation in packed goods opens new growth avenues for industry players.

Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3084

Key Takeaways – Vapour Barrier Market Study

  • Over the period of projection, building infrastructure, whether private/public or commercial/residential, will be based on green building concepts to strike a fine balance of environmental sustainability and modern amenities. As a result, the demand for vapour barriers is projected to significantly spur over the forecast period.
  • Polymer materials segment to retain its spot as a prominently preferred material followed by asphalt & bitumen, whereas drywall board lumber and gypsum board projected to observe growth at a swift pace in the market.
  • Membrane type vapour barriers are expected to register a dominating share due to their easy installation. However, the popularity of the coating segment is increasing across the globe in recent years due to its enhanced moisture resistance.
  • To meet stringent manufacturing rules and regulations, manufacturers are trying to increase the use of materials with high recyclability and decent biodegradability index. Also, due to new norms for VOC emissions, many manufacturers are looking to revamp their manufacturing process in order to minimize these emissions.

How is Vapour Barrier Market Structure Defined?

The market of vapour barrier is highly competitive due to decent presence of tier 1 players in the market. Though tier 1 market players have a considerable hold on market share, numerous small-scale and regional players exist in the market. Manufactures like The Dow Chemical Company and Saint Gobain, along with other organised and leading manufactures hold more than half of the market pie.

Get 30% Discount, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-3084

More About What the Report Covers

Future Market Insights (FMI), published a thorough research analysis in its report for global vapour barrier market, offering information regarding historical developments from 2014-2021 and forecast projections and opportunity assessments on the basis of analysis for future scope and ongoing tends in the global market. The research study offers opportunity roadmap and market projections across the globe based on various categories such as material (glass, sheet metal, polymer, asphalt & bitumen, gypsum board, drywall/board lumber, plywood, concrete/brick), type (membranes, coatings, cementitious water proofing, and stacking & filling), site (external, internal), application (corrosion resistance, insulation, air insulation, sound insulation, thermal insulation, water proofing, material packaging & stacking, microbial & fungal resistance), end use (construction, packaging, automotive), and region (North America, Latin America, Europe, MEA, South Asia, East Asia, and Oceania).

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com

 

 

Air Barrier Market Size to be worth US$ 23.13 Bn by 2029

With sales expected to increase at an average CAGR of 4.6% from 2022 to 2029, the worldwide air barrier market is expected to reach a value of US$ 23136.2 Mn in 2029. The target market is expected to increase from a worth of US$ 16146.7 Mn in 2021 to an anticipated US$ 16932.8 Mn by the end of 2022. During the projection period, the air barrier market will rise as a result of stringent building codes and energy requirements, rising demand from the residential and industrial sectors, and other factors.

The market for air barriers is primarily driven by growth in the construction sector and ongoing economic development in a number of nations. Buildings need air barrier systems because of the continual rise in demand for useful and energy-efficient constructions. Additionally, sustainability drives further aid the target market growth as strict environmental regulations and building standards are imposed in order to achieve sustainability targets, which results in the expansion of the target market prospects.

The implementation of more stringent building standards and energy requirements, as well as a growing need for environmentally friendly insulation and barriers, will increase both the supply and demand of this material across all of its potential applications.

Request a Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-10868

A number of manufacturers have also shifted their attention to the use and advancement of manufacturing techniques in order to guarantee the production of environmentally friendly insulating materials as a result of the increased emphasis on sustainability. As a result, the market for natural and environmentally friendly insulation will probably continue to be very tempting for the air barrier industry over the course of the forecast.

Key Takeaways:

  • China’s air barriers market will generate an incremental opportunity of US$ 336.1 Mn by 2029.
  • The air barriers market in the U.S. will hold 84.4% of the North American market share in 2029.
  • The gypsum air barriers segment will expand at 4.1% CAGR during 2022-2029.
  • By end-use, the residential segment will dominate the market, creating an opportunity of US$ 1710.8 Mn.
  • Based on application, the insulation segment will acquire over 13.7% of the overall market share during the assessment period.

Competitive Landscape 

BASF SE, DuPont de Nemours, Inc., Owens Corning, Coromandel International Limited, SOPREMA, Compagnie de Saint-Gobain S.A., Carlisle Companies, Atlas Roofing Corporation, GCP Applied Technologies, Firestone Building Products Company, LLC, Huber Engineered Woods LLC, GAF Materials Corporation, Johns Manville, W. R. Meadows, Inc., Norbord Inc., Sika AG, Bostik Inc., 3M Company, Knauf Insulation, Laticrete International Inc., The Sherwin Williams Company, Henry Company, Tremco Incorporated, Dryspace Inc., and Enershield Europe among others are some of the major players in the air barrier market profiled in the full version of the report.

Key market players are concentrating on releasing innovative products and enhancing operational efficiency. These businesses also employ tactics like mergers and acquisitions to increase their consumer base and strengthen their market position.

Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-10868

Air Barrier Markey by Category

By Product Type:

  • Gypsum Board
  • Drywall
  • Plywood
  • OSB (Oriented Strand Board)
  • Spray Foam
  • Fiberglass/Rockwool
  • Cellulose
  • Others

By Type:

  • Membranes
  • Coatings
  • Stacking & Filling

By Site:

  • External
  • Internal

By Application:

  • Corrosion Resistance
  • Insulation
  • Material Packaging & Stacking
  • Microbial & Fungal Resistance

By End Use:

  • Residential Buildings
  • Commercial Buildings
  • Industrial Facilities
  • Car Parks & Underground Basements
  • Military Buildings & Bunkers
  • Green Houses
  • Metal Buildings

By Region:

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

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com

 

Viscosity Index Improvers Market Is Expected To See a growth of 2.9% | Future Market Insights

One important element driving use of viscosity index improvers has been the rising demand for high-performance lubricants with ideal viscosity. Even though it has been predicted that the global market for viscosity index improvers will reach US$ 4,699.3 Mn by 2029’s end, the overall growth outlook will remain subpar.

The market for viscosity index improvers will continue to expand significantly as a result of OEMs and aftermarket operators’ consistently rising use of vehicle lubricants such engine oil, transmission fluids, and brake oil.

Get a Sample Copy of Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-5628

Viscosity Index Improvers Market​ Key Takeaways

  • The demand for lubricants is estimated to reach 40 Mn Tons by the end of 2019.
  • The penetration of high performance lubricants in automotive as well as industrial sectors is increasing with growing focus on lubrication for performance efficiency of industrial machinery and automotive components.
  • Increasing labelling initiatives have propelled the demand for ISO-grade viscosity lubricants. High-quality lubricants have optimum viscosity, offer corrosion protection, and ensure oxidative stability.
  • Major companies are focused on the development of bio-preferred or bio-based products, which are compliant with the changing regulatory scenario. For instance, Croda International Plc is developing ester-based viscosity index improvers, which are bio-preferred.
  • High regulatory standards laid down by organizations such as NHTSA & EPA, and growing emphasis on fuel economy have made the usage of viscosity index improvers crucial.
  • Viscosity index improvers are commonly used in multi-grade engine oils. Increased adoption of high-performance engines has boosted the demand for high-quality engine oils with appropriate viscosity, which in turn, is positively impacting the growth of the viscosity index improvers market.
  • Other industries such as marine, railways, energy & power generation/transmission equipment are also increasing the demand of high-quality lubricants, thus propelling the growth of viscosity index improvers market.

The viscosity index improvers market is witnessing a paradigm shift in terms of innovation and manufacturing, from traditional synthetic products to bio-based or bio-preferred products that are in compliance with regulatory framework. This transition, along with production cost optimization, will drive substantial demand for the product in automotive as well as non-automotive applications.

Viscosity Index Improvers Market: Competition Landscape

According to FMI analysis, the global viscosity index improvers market is moderately consolidated with key market players such as Infenium International Limited, Chevron Oronite LLC, Afton Chemical Corporation, The Lubrizol Corporation, Evonik Industries AG, and Mitsui Chemicals accounting for a significant share in the global market. Leading market players are strategically engaging in the development of close working relations with lubricant manufacturers for ensuring long-term supply contracts.

Changing Regulatory Scenario Encourages Advancements in Lubrication Technology

The demand for viscosity index improvers is directly proportional to the production rate of lubricants. Changing regulatory scenario and imposition of emission standards have led to the development of high-quality lubricants, which has increased the penetration of lubricant additives such as viscosity index improvers. Development of new customized product variants for target applications along with existing products gives a competitive edge to manufacturers.

Ask Us Your Questions About This Report: https://www.futuremarketinsights.com/ask-question/rep-gb-5628

What the Report Offers

In its newest market study, Future Market Insights provides decisive analysis on the global viscosity index improvers market and provides significant insights through schematized market research. The report offers in-depth market study of the historical performance from 2014 to 2021, along with forecast statistics for 2022 to 2029. The market study offers comprehensive insights on various aspects of viscosity index improvers market based on product type (Polymethylacrylates, Ethylene Propylene Copolymers, Polyisobutylene, Hydostyrene Diene Copolymer, Others) and application (vehicle lubricants, industrial lubricants, transmission fluids) across the seven regions.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com

 

Carbon Mold Market will reach a value of US$ 501.4 Mn by 2029

A recent market study on the carbon mold market by Future Market Insights includes a global industry analysis for the years 2014 to 2021 and a market opportunity evaluation for the projection period of 2022 to 2029. The market study offers insightful information and a thorough market analysis for both the historical and forecasted periods. According to the market assessment in the study, rising demand from the aircraft and automotive production sectors is expected to propel the global market for carbon mold to significant growth.

The global carbon mold market is expected to grow at an estimated 8.6% CAGR from 2022 to 2029, with a market value of roughly US$ 279.9 Mn by 2022’s end.

The trend towards the use of renewable energy has changed as a result of growing environmental concerns. Due to growing government support, wind energy has transformed the renewable energy sector. Lightweight wind turbine blades made of carbon fiber and carbon composites are produced using carbon mold. The need for carbon mold is anticipated to rise as wind turbine installations and wind energy installation projects expand globally.

Get 30% Discount Before it’s Gone – Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-10470

Opportunities Abound in East Asia and South Asia

East Asia and South Asia, led by China and India respectively, are likely to witness substantial growth in commercial as well as defense aerospace sectors. Increasing military budget will primarily affect the defense aircraft manufacturing activities in the region, and it is likely to lead to upsurge in the demand for carbon mold. Installation of wind turbines has increased significantly in recent years, especially in China, India, and ASEAN countries, which will continue to work to the advantage of the carbon mold manufacturers.

Increasing government regulations for the development of fuel-efficient vehicles and aircrafts in North America and Europe, have increased the demand for carbon composites. Predominance of automotive and aerospace industries and increasing adoption of carbon composites make North America and Europe prominent markets for carbon molds.

Carbon Fiber to Remain a Prominent Material Choice

The global carbon mold market has been categorized on the basis of material, different types of mold, and application, along with regions.

  • Based on material, carbon fiber is projected to remain the material of choice in the upcoming years, and subsequently hold a prominent share in the global carbon mold market throughout the forecast period.
  • On the basis of mold, the female mold is estimated to hold more than half of the market share owing to its cost effectiveness.
  • High application potential of carbon mold has been identified in aerospace & defense, followed by automotive & transportation. Increasing incorporation of carbon composites in automotive & aerospace industries is a prime factor responsible for the carbon mold market growth.

Carbon Mold Market: Manufacturer Insights

According to the FMI analysis, the global carbon mold market is heavily fragmented with local and regional players playing key roles. The global carbon mold market report sheds light on few of the key industry players in the global carbon mold market. Some of the examples of key players in the market are MDC Mould & Plastic Co., Ltd., DEXCRAFT, Xiamen Fengjin Mold Industry Co., Ltd., Composite Mouldings Ltd., and DC Composites, among others.

Ask Us Your Questions About This Report @ https://www.futuremarketinsights.com/ask-question/rep-gb-10470

Key Segments

Material Type

  • Carbon Fiber
  • Graphite
  • Others

Mold Type

  • Male
  • Female

Application

  • Aerospace & Defense
  • Automotive & Transportation
  • Electronics
  • Energy
  • Others

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa
  • Emerging Countries

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com