FMI Projects The Global Industrial Filtration Market To Expand At A 5.7% Value CAGR By 2032

In 2032, the market for industrial filtration is projected to generate US$ 56,834.1 Million while growing at a CAGR of 5.7%. In 2022, the market is anticipated to be worth US$ 32,789 Million. The market showed a 4.1% growth rate from 2016 to 2021.

A technique for removing impurities from the air and gases of an industrial process is industrial filtration. In many industrial processes, air filtration and separation systems protect the workspace and equipment. An industrial water filtration system enables companies to cut costs and improve their environmental performance. Consumers must now more than ever protect the environment, and filtration systems help make sure that processes are environmentally friendly.

Despite the fact that employees at the workplace wear body protection and air filters, it is essential that industrial environments be outfitted with strong and heavy-duty industrial filtration systems to improve the quality of the air within the workplace. As a result, production output increases, machinery lifespans are extended, and most importantly, airborne diseases are avoided. With the creation of numerous consumer products using filtration equipment, such as air purifiers, water filters, and air conditioners, it is anticipated that the market for filtration equipment will continue to expand over the upcoming years.

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Competition Analysis

Key players in the global industrial filtration market include

Eaton Corporation Plc, Industrial Filtration, Inc., Pentair Plc, Clarcor Inc., Mann+Hummel Group, Filtration Group Company, 3M Company, Cummins Filtration, Freudenberg Filtration Technologies, Fil-Trek Corporation, Alfa Laval AB, Parker Hannifin Corporation, W. L. Gore & Associates, Inc., Donaldson Company, Inc., ZwitterCo, MI Systems, mdi Memebrane Technologies, Woosh, EKOTON Industrial Group, ESMIL Process Systems and others.

In April 2022, Woosh raised US$ 1.3 Million in a pre-seed round of funding aimed at improving indoor air quality and HVAC (heating, ventilation, air conditioning) efficiency. This company has now launched on Kickstarter and anticipates delivering its consumer product during the fourth quarter of 2022.

In May 2022, EKOTON Industrial Group and ESMIL Process Systems announce a brand merger. ESMIL Group begins operations as a common name for the companies. In 2020, the brands were formally merged under one owner, and later they are taking the next step and merging them. With the company’s knowledge and vast experience in the water/wastewater industry combined with the synergy of power and production dynamics, the firm can address even the most demanding challenges.

In September 2022, ZwitterCo, Wastewater reprocessing startup announced it had raised $33 million for developing chemically engineered membrane water filtration systems for large farms and industrial companies. Researchers at Tufts University developed the patented filtration technology.

Factors Responsible for the Growth of the Global Industrial Filtration Market

With the advent of the industrial revolution, a number of industries have been set up for every product in various fields. As industrialization grows around the world, its influence is expected to positively influence industrial filtration market growth, thus driving it steadily in the market.

The cement, pharmaceutical, paper, and petroleum industries are the main industries using industrial filtration systems. Industrial filtration market growth has been largely attributed to the implementation of activated carbon filters in the water treatment industry for the removal of chlorine and other effluents. These factors will lead to an increase in the adoption of these filtration systems in the industries in the near future, resulting in a faster growth rate of the market.

In addition, the enforcement of the rules and regulations by the government and environmental agencies to reduce air and water pollution emissions has positively affected the development of the industrial filtration market. Food & beverage companies are installing filtration systems in their manufacturing facilities to prevent diseases like heart disease, obesity, and diabetes. Also, with the growing popularity of organic farming and the widespread application of pesticides and fertilizers, food safety concerns will increase, which in turn will drive the demand for filtration systems in the market.

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Key Segments Profiled in the Global Industrial Filtration Market

Industrial Filtration Market by Product Type:

  • Air Filters
  • Bag Filters
  • HEPA
  • ULPA
  • PTFE Membrane
  • Electrostatic Precipitator
  • Others
  • Liquid Filters
  • Strainers
  • Cartridge
  • Depth Filter
  • Others

Industrial Filtration Market by End Use:

  • Automotive
  • Food and Beverages
  • Mining
  • Power Generation Plants
  • Chemical
  • Petroleum
  • Pharmaceutical
  • Others

Industrial Filtration Market by Region:

  • North America Industrial Filtration Market
  • Latin America Industrial Filtration Market
  • Europe Industrial Filtration Market
  • East Asia Industrial Filtration Market
  • South Asia Industrial Filtration Market
  • Oceania Industrial Filtration Market
  • The Middle East & Africa Industrial Filtration Market

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Oil And Gas Fittings Market To Register Year-On-Year Growth Of 3.2% – Future Market Insights, Inc

Future Market Insights (FMI) has forecasted the global Oil and Gas Fittings Market to register year-on-year growth of 3.2% in 2022 reaching a value of about US$ 1,326.8M by 2022 end.

A new market research report by Future Market Insights on the Oil and Gas Fittings Market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the oil and gas fittings market and provides critical insights for the forecast period of 2022-2029. As per the findings of the report, the global oil and gas fittings market is expected to experience moderate growth during the forecast period due to multiple factors such as new oil and gas drilling projects and new pipeline contracts across the globe.

The global oil and gas fittings market is estimated to reach ~US$ 1.2B in 2019, and increase at a CAGR of ~3% in the forecast period 2019-2029. This growth is majorly driven by the increasing consumption of oil and gas fittings in upstream and downstream operations.

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East Asia Region Projected to Witness Bolstering Growth
North America is projected to hold significant market share in the global oil and gas fittings market value owing to new and replacement projects for the installation of oil and gas fittings that are targeted in this market study. However, the East Asia market is anticipated to project rewarding growth in the global oil and gas fittings market over the forecast period 2019-2029, with China being a leading country.

This is driven by the rapid growth of onshore drilling projects coupled with the rising number of oil and gas pipeline projects in China. Apart from that, Africa will pose a strong opportunity for the manufacturers of oil and gas fittings to acquire new contracts and ventures during the forecast period.

Additionally, macroeconomic factors such as crude oil and natural gas production and consumption, oil and gas production data by key countries, and increasing number of new oil and gas pipeline projects, and pipes, valves, and fittings (PVC) contracts are some of the other factors that are boosting the growth of oil and gas fittings market.

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Oil and Gas Fittings Market: Vendor Insights
The report indicates some of the prominent market players, who are recognized as leaders in the global oil and gas fittings market. Some of the key players in the global oil and gas fittings market are Anvil International, AVK UK Ltd, JVS Engineers, The Weir Group PLC, Hy-Lok CO., LTD, B.O.P Products LLC., FitTech Industries Pvt. Ltd., Gelbach UK Ltd, Grupo Cuñado, KINGSA Industries, Probe Oil Tools, PSL Pipe & Fittings Co., Yingkon Haitai Metal and Pipe Fittings Co., Ltd., and Woodco USA, among others.

The global oil and gas fittings market is considerably consolidated with very few players holding prominent shares of the market as this market is highly fragmented and competitive. These players are offering oil and gas fittings to distributors and suppliers in various regions. Currently, online sales platform has emerged to be a supportive factor for the growing number of sales of oil and gas fittings.

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Global Oil and Gas Fittings Market by Category

By Product Type:

  • Tees
    • Studded Tees
    • Flow Tees
  • Flanges
    • Blind/Test
    • Companion
    • Weld Neck
  • Adapters
    • Bottom Hole Test Adaptors
    • Double Studded Adapters
  • Male Pins
  • Studded Crosses

By Working Pressure:

  • Less than 1000 psi
  • 1000 – 2000 psi
  • 2000 – 3000 psi
  • 3000 – 4000 psi
  • 4000 – 5000 psi
  • Above 5000 psi

By Operation:

  • Upstream
  • Midstream
  • Downstream

By Material Type:

  • Carbon Steel
  • Stainless Steel
  • Alloy Steel
  • Fiberglass
  • Composite
  • Others

By Application:

  • Onshore
  • Offshore

By Region:

  • North America
  • Europe
  • MEA
  • East Asia
  • South Asia
  • Oceania
  • Latin America

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Global Backflow Preventers Market To Grow At 3.4% CAGR Through 2031 – FMI

Infrastructure for water supply and treatment has grown significantly in recent years, and this pattern is anticipated to continue during the forecast period. Backflow prevention systems are increasingly being used worldwide due to the rapidly expanding urban population and the ensuing rise in water supply demand.

In its latest study, Future Market Insights (FMI), market research and consulting firm with ESOMAR certification, provides information about the main factors influencing the demand for backflow preventers. The report examines the effects of COVID-19 on the end-use industries in general and backflow preventers in particular, in addition to tracking the global sales of backflow preventers in more than 20 high-growth markets.

There is a lot of opportunity in the United States.

According to FMI, North America is expected to continue to be one of the most lucrative markets for the duration of the forecast period. The region’s significant increase in commercial and residential construction projects is one of the main factors promoting expansion. Nearly 138 million household units were sold in the United States in 2018, according to the U.S. Census Bureau.

Housing demand is anticipated to soar as a result of the millennial generation’s employment and wage growth trends, offering promising opportunities for backflow preventer sales in the United States. Additionally, the presence of numerous manufacturers and distributors in the local market is facilitating growth.

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Market Projections in Germany

The largest building stock in Europe and one of the top construction markets is in Germany. In recent years, Germany’s construction sector has expanded significantly, with residential buildings making the largest contribution. Every year, there is a demand for about 400,000 new homes in Germany.

The German construction industry is influenced by a number of factors, such as demographic shifts, alluring government incentives, and economic confidence. More than half of all investments made in the construction sector in Germany go toward residential construction.

As a result, it is predicted that during the forecast period, this will increase demand for backflow preventers and subsequently contribute to the German backflow preventer market.

market scenario in the U.K.

The United Kingdom has the highest rate of waste water reprocessing and recycling in Europe, according to the Federal Ministry for the Environment, Nature Conservation, and Nuclear Safety. Each year, European water services spend about €45 billion on water infrastructure. Europe’s drinking water network is thought to be about 4.2 million kilometres long overall.

The total length of the sewer network, which is used for wastewater treatment, is close to 3 million kilometres. Sales of backflow preventers are anticipated to increase during the forecast period due to rising investments in water and wastewater treatment facilities across the nation.

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Growth Factors in Australia and New Zealand

Rapid urbanisation is causing the construction industry in Australia and New Zealand to grow. This has opened up new possibilities for the development and expansion of new residential facilities and infrastructure all over the world. Automation is becoming more prevalent in construction to address challenges with safety on various levels. To reduce the chance of water contamination, backflow preventers must also be installed.

The development of backflow preventer valves is primarily driven by regulatory standards for pressure, temperature, design, testing, and certifications established by numerous industrial regulatory organisations, including Australian Standards, the National Plumbing and Drainage Code (AS 3500.1), the International Organization for Standardization (ISO), and other national and international standards.

Competitive Landscape

With nearly three-fourths of the market revenue share, major players worldwide largely control the backflow preventer market. Some of the players are concentrating on establishing a niche for a particular demographic. In the global market for backflow preventers, there are some major and minor manufacturers who concentrate on new product development and project collaborations. Major industry players are investing in strategic partnerships and alliances to gain an edge in the changing global market. Through these partnerships, businesses can increase their technical expertise while also increasing production capacity.

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Sales Of Gas Detection Equipment Are Projected To Total A Market Valuation Of US$ 7,288.1 Mn By The End Of 2032

According to Future Market Insights, the global gas detection equipment market is expected to grow from US$ 4,321.3 Mn in 2022 to US$ 7,288.1 Mn by 2032, with overall sales exhibiting a CAGR of 5.4% CAGR from 2022 to 2032.

Rapid growth of industries like oil & gas and mining across the world along with a growing focus towards enhancing worker safety is a key factor driving demand for gas detection equipment.

Similarly, global demand for gas detection equipment is anticipated to increase as a result of new, cutting-edge technologies that can provide useful information at the workplace, enhance employee safety, and reduce risk. Due to expanding facilities in the oil and gas industry and increased global mining activity, the market will expand more quickly over the forecast period.

Furthermore, the introduction of workplace safety standards supported by the need for preventing gas leaking to protect both people and the environment will generate high demand for gas detection equipment during the forthcoming decade.

As a value-added proposition, relevant manufacturers in the market provide their clients with a variety of after-sales service packages and field support services. They are also focusing on the production & development of advanced & end-user-specific custom products to achieve maximum sales. The market’s income will be supported and fueled by a variety of activities, such as repair help, maintenance services, replacement services, technical services, and equipment downtime monitoring.

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Key Takeaways from Gas Detection Equipment Market Study

  • Based on product type, the fixed gas detector segment currently holds around 52.1% of the volume share of the global market.
  • By end-use industry, the oil & gas industry is set to hold around 30.6% of the market share on a value basis by the end of the forecast period.
  • In terms of sensor technology, the electrochemical sensor technology segment is expected to grow at a CAGR of 5% during the forecast period.
  • South Asia & Pacific gas detection equipment market is expected to grow at a CAGR of 7.5% over the assessment period.
  • North America holds around 25.4% share of the global gas detection equipment market.
  • Germany held approximately 18.6% share of the Europe gas detection equipment market in 2021

“Demand for gas detection equipment is deemed to surge at a steady pace in the upcoming period amid increasing investments in the oil & gas sector as well as industrial development, especially in developing countries,” says a Future Market Insights analyst.

Who is Winning?

The gas detection equipment market is moderately consolidated, with around 25–30% market share held by top players across the globe. To achieve more sales, top companies are creating contracts with end users and developing custom products according to the needs of the customer. Along with that, manufacturers have focused on enhancing their sales network to achieve a strong global presence.

Some of the key players in this industry include but are not limited to MSA Safety Incorporated; RKI Instruments, Inc.; Drägerwerk AG & Co. KGaA; Honeywell International Inc.; Halma plc; Danfoss A/S; Emerson Electric Co.; Teledyne Technologies Inc.; Testo SE & Co KGaA; Inficon Holding AG; Sensidyne, LP; ESP Safety Inc.; Opgal; Fortive Corporation and Sensor Electronics.

Find More Valuable Insights

The research report examines the demand for Gas Detection Equipment. The impact of COVID-19, various macroeconomic factors, market trends, and market background have all been considered in the global Gas Detection Equipment market. As per Future Market Insights, the market has been analyzed based on product type, type of gas detection technology, type of gas, end-use industry, sensor technology and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply-side and demand factors.

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About Future Market Insights — Industrial Automation

Future Market Insights Industrial Automation division provides a unique approach and perspective on the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery across the manufacturing sector and distinctive analysis about installed base, consumables, replacement, and the USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

About Future Market Insights (FMI)

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

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Cutting And Bending Machines Are Poised To Accelerate At 7.1% CAGR by 2032 End | FMI

According to Future Market Insights, the global cutting and bending machine market is set to be valued at over US$ 8,238.3 Mn in 2022. Furthermore, overall sales of cutting and bending machines are projected to increase at over 7.1% CAGR from 2022 to 2032, totaling a valuation of US$ 16,383.6 Mn by 2032.

Increasing applications of cutting and bending machines in the automotive industries, metal fabrication, electrical and electronics, and several other sectors is a key factor triggering the growth of the global cutting and bending machine market.

Among these, rapid growth in the automobile sector is expected to play a crucial role in boosting the sales of cutting and bending machines. Metals are widely used in vehicle manufacturing, which is boosting the demand for cutting and bending machines constantly.

For increasing the production rate, there is increasing automation in the material processing equipment and their assembly lines, in which integration of cutting machines with robots and automatic or electric bending machines is gaining traction owing to its ability to do faster flexible sheet metal bending in vehicle manufacturing. This will boost the assembly line’s productivity and allow operators to increase production efficiency in a minimum amount of time.

Regionally, Asia Pacific is likely to emerge as the fastest growing market for cutting and bending machines due to the high presence of leading automotive and electronic component manufacturers and growing end-use industries in these regions.

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Key Takeaways from Cutting and Bending Machine Market Study

  • By operation, automatic segment is estimated to account for the highest share of more than 45% in terms of value in 2022.
  • By end use, the automotive segment will dominate the market in terms of end use, creating an incremental opportunity of nearly US$ 2,578.7 Mn between 2022 to 2032.
  • By product type, cutting machine segment is set to account for more than 80% of the global cutting and bending machine market during the forecast period.
  • The North America cutting and bending machine market is expected to grow at 7.6% CAGR through 2032.
  • The U.S. cutting and bending machine market is predicted to expand by 1.9x through 2032.
  • The cutting and bending machines market in China is expected to reach a valuation of US$ 1,317.0 Mn by the end of 2032.

“Significant market opportunities are projected to occur with the differentiated product offerings by the manufacturers attuned to the end user’s viewpoint.” says a Future Market Insights analyst.

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Who is Winning?

The cutting and bending machine market is fragmented with the leading players acquiring around 25% to 35% of the market shares. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their market presence.

Some of the key players in this industry include TRUMPF Group, Amada Co. Ltd., Bystronic Group, Coherent Inc., Hans Laser Technology Ltd., and Others.

Find More Valuable Insights

The research report analyzes the demand for Cutting and Bending machines. The global Cutting and Bending machine market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights, the market has been analyzed based on Product Type, Operation, End Use, and Region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply-side and demand factors.

About Future Market Insights – Industrial Automation

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

About Future Market Insights (FMI)

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

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Automotive Carbon Brake Rotors Market Value to Reach US$ 11485.9 million by 2032

The demand for automotive carbon brake rotors is estimated to grow at an moderate CAGR of 7.6% during the forecast period. The automotive carbon brake rotors market size is projected to reach US$ 5,521.3 Mn in 2022, and is estimated to reach US$ 11,485.9 Mn in 2032.

The sales of automotive carbon brake rotors are anticipated to grow as they are lightweight, heat resistant, high performing, and more durable. The most common type of automotive brake rotor used in the automotive industry is carbon, which is less likely to warp or deform and may last longer than traditional brakes. Less brake dust, greater performance in wet and dry circumstances, strong demand for racing cars, bikers, high-performance cars, and heavy trucks are additional key drivers of automotive carbon brake rotors.

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The high market penetration of major players is predicted to support the growth of the automotive carbon brake rotor market globally. However, one of the biggest challenges the market faces is fluctuating raw material prices. Advanced braking systems, when combined with other driver-assist technology, can aid slow or stop a vehicle while also ensuring overall safety.

Advanced braking systems are lighter, faster, and smarter than classic braking systems. Carbon brake rotors are used in high-performance and luxury vehicles such as Ferrari SpA, McLaren, Aston Martin Lagonda Ltd., Bentley Motors Ltd., Automobili Lamborghini SpA, Bugatti Automobiles SAS, Alfa Romeo Automobiles SpA, Porsche AG, and Corvette, driving demand for automotive carbon brake rotors.

The disadvantage of automotive carbon brake rotors is their expensive price when compared to commonly utilized standard brake rotors. Supercars and other high-performance vehicles are the main applications for automotive carbon brake rotors where cost is not a concern. These brake rotors are only utilized in high-performance and racing vehicles as they are not used in mass-produced, cost-efficient vehicles.

Key Takeaways from Automotive Carbon Brake Rotors Market

  • The largest share of the global automotive carbon brake rotors market is occupied by carbon ceramic matrix. Inorganic silicon carbide mixes, fibres, and resins are used to create carbon ceramic brake rotors.
  • By vehicle type, the global automotive carbon brake rotors market is dominated by passenger cars segment. The primary drivers of the rapid expansion in car sales and production around the world include the rise in urbanization, rising standards of living, the development of infrastructure, and the rise in average household income.
  • North America is the second largest region, accounting for 23% of the global automotive carbon brake rotor market. The prominence of racing events such as F1, MotoGP, and NASCAR, as well as rally sports and street racing, has created revenue streams for automotive carbon brake rotors in this region.
  • Europe currently holds the greatest share of the global automotive carbon brake rotors market and is predicted to maintain its lead with 31% of the market in 2022.

“Carbon brake rotor market growth is expected to be fuelled globally by strong market penetration by leading players. However, fluctuation in raw material prices is one of the market’s significant problems. –  FMI Analyst

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Competition Landscape in the Automotive Carbon Brake Rotors Market 

The global automotive carbon brake rotors market is fragmented, prominent companies are growing their businesses in various regions by developing new products and collaborating as preferred strategies. FMI researchers expect that vendors from the United States are likely to contribute most growth throughout the forecast period.

Companies in the automotive carbon brake rotors industry are planning efforts to increase their market share. Diversifying their product offerings, emphasising their USP statements, and introducing appealing features are some of the winning techniques.

The key players in the automotive carbon brake rotors market are Brembo SpA, Akebono Brake Industry Co. Ltd., Federal-Mogul Corporation, Aisin Seiki Co. Ltd., SGL Group, Fusion Brakes LLC, Surface Transforms, and Wilwood Engineering.

Key Segments Profiled in the Automotive Carbon Brake Rotors Market Survey

Type:

  • Carbon-Carbon Matrix
  • Carbon-Ceramic Matrix

By Vehicle Type:

  • Passenger Cars
  • Commercial Vehicles

By Region:

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

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Recent Developments in the Automotive Carbon Brake Rotors Market:

  • In December 2019, Wilwood unveiled a new rotor and hat assembly for the Trans Am Series TA2. Assembly and installation of the Spec37 GT 48-vane rotors are simplified by the elimination of rotor bolts and floating hardware.
  • Sparta created the CX3.5 high carbon iron combination to help alleviate brake noise issues that are more typical in European vehicles. To reduce noise, a precise amount of carbon flakes is added to the iron used to make CX3.5.
  • Brembo acquired SBS Friction A/S, a Danish firm that develops and manufactures motorcycle brake pads composed of sintered and organic materials, in 2020.

Explore Wide-ranging Coverage of FMI’s Automotive Landscape

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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.

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Automotive Belts Market Projected to Reach US$ 20,473.5 million in year 2032

The demand for automotive belts is estimated to grow at an average CAGR of 3.9% over the forecast period. The automotive belt market size is projected to reach US$ 20,473.5 Mn in 2032, and is estimated to reach US$ 13,902.6 Mn in 2022.

Due to the increase in demand for automotive belts seen in numerous emerging countries, the production of automobiles is continuously being fuelled globally on an annual basis. This is a major factor driving the global automotive belt market share.

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Automobile vehicle manufacturers have been compelled by the Environmental Protection Agency’s influence to develop highly effective, less polluting engines, which call for extremely accurate, long-lasting automotive belts. This reason has also driven the sales of automobile belts, as more and more automakers are choosing belts that are effective and environmentally benign.

To improve their product range and solidify their market position globally, automotive belt manufacturers are concentrating on launching new goods. As a result, the majority of the major players invest in developed nations. This is anticipated undoubtedly increase demand for automobile belts globally.

Due to rising public awareness of the strict and safety regulations put in place by various regulatory bodies throughout the world, the demand for automotive belt is predicted to expand significantly over the forecast period. Urbanization is one of the latest trends in automobile belts that is rapidly expanding, which is boosting the average income of the urban population and allowing them to improve their quality of life.

Additionally, the increased demand for passenger cars is driving up manufacturers’ output levels, which is in turn boosting the global automotive belt market size. The expense of the technologically upgraded seat belts is the major limitation on the global automotive belt market share. Additionally, the sales of automotive belts are being hampered by the high maintenance costs of technologically upgraded seat belts.

Key Takeaways from Automotive Belt Market

  • The three-point seat belt market category now accounts for a significant portion of vehicle seat belt sales and is predicted to rule the global industry over the coming years.
  • The passenger car sector is anticipated to hold the largest market share. This is explained by the rising output of passenger vehicles such SUVs, luxury, and premium models, which is expected to increase demand for active pretensioners and inflated seat belts.
  • The Asia Pacific market was worth USD 7.26 billion in 2019. Due to rising car production and sales in developing nations like China and India, the region is anticipated to dominate the automotive belt market throughout the forecasted period.
  • North America is predicted to hold the second-largest share in the automotive belt market. One of the key market trends in the region is the introduction of severe government policies aimed at passenger safety.
  • Europe is anticipated to hold 24.9% share of automotive belt market in 2022, and it is expected to increase further due to ETA’s rigorous pollution rules and improved fuel economy standards (European Technical Advisory Group).
  • According to FMI Analysis, Asia Pacific is projected to experience the fastest growth due to greater per capita earnings, brisk automobile sales, and favorable government regulations.
  • China is likely to have an advantage over its regional competitors due to its large domestic market and strong manufacturing base for automobile components.

“Due to the increased number of injuries and deaths in the event of an accident, vehicle safety organisations such as Euro NCAP and the NHTSA in the United States have actively promoted the adoption of automotive seat belts. This has prompted key automotive seat belt manufacturers to create technically innovative seat belts such as active seat belts, inflatable seat belts, and active pretensioners. –  FMI Analyst

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Competition Landscape in the AutoMotive Belt Market 

The leading competitors in the global automotive belt market are investing in R&D initiatives to drive organic growth and expand their market shares. The demand for safety systems has expanded tremendously in recent years, owing to the increasing stringency of safety laws, particularly in emerging economies. As a result, prominent firms like as ZF Friedrichshafen AG and Tokia Rika are investing in developing-country production capacity.

The key players in the automotive belt market are Gates Corporation, Midas International Corporation, Mitsuboshi Belting Ltd. Group, Helicord Transmissions Pvt. Ltd., B&B Manufacturing, The Carlstar Group LLC, Continental AG, Bearings and Power Transmission Solutions, CRP Industries Inc., BG Automotive, Hutchinson Group, Bando Chemical Industries Ltd.

Key Segments Profiled in the Automotive Belts Market Survey 

By Type:

  • Drive Belts
  • Timing Belts
  • Single V-Belt
  • Multifunctional V-Belt

By Vehicle Type:

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicles

By Sales Channel:

  • Original Equipment Manufacturer
  • Aftermarket

By Region: 

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

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Recent Developments in the Automotive Belt Market:

  • Continental AG announced the July 2019 launch of its new Powertrain factory in Wuhu, China. The investment for land and buildings is roughly EUR 28 million.
  • Hyundai Mobis developed a new Safety Integrated Control Module that combines two distinct electronic control modules for electronic seatbelts and airbags into a single unit, increasing the efficiency and dependability of these systems.
  • ZF FRIEDRICHSHAFEN AG introduced a new active control retractor seat belt system in September 2018. This system is lightweight and small in design, and it provides advanced capabilities like tightening the seatbelt in the event of a collision and vibrating the seat belt to inform the driver of potential danger.

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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.

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Automotive Soft Trim Interior Materials Market worth US$ 9179 million by year 2032

The market for automotive soft trim interior materials is expected to grow from US$ 5743.6 million in 2022 to US$ 9179 million, representing a CAGR of 4.8%.

Automotive Soft Trim Interior popularly known as “Soft Trims” belongs to automotive interiors segment being a part of the automotive ancillaries sector. The nomenclature is derived from the nature of the product application compared to the hard exterior body & spare parts of the vehicle. It is used in seats, doors, floor liners, pillar covers, cockpit, headliners, etc. of the vehicle.

The material used is primarily of 3 types: Leather, Textile/Fabric & Chemical Polymers. Leather is used in Premium automobile models, whereas the latter two cater to Mid & Base Level models in exterior furnishing/covering as well fabrication of core interior body parts. The product has a blend of critical traits more than just the aesthetics aspect; such as Acoustic Control, Durability & Ergonomics, and Feather Weight Capability.

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Automotive Soft Trim Interior Market Dynamics & Trends

The entire 4 wheeler-Automotive vehicle segments such as Light Motor Vehicles, Heavy Commercial Vehicles etc. are major consumers whom the product caters to. It has both OEM & Aftermarket channel sales market. Leather, Coated Fabrics & Textiles is used for seats, door-side handles, head rests, arm-rests, seat belts, fasteners & cockpit sections. The premium/luxury model of the vehicle employ leather type whereas the standard models employ the latter types owing to the material quality & its associated cost. Foams & Acoustic Barriers are used in auxiliary interior body parts. \

The product is thus driven both by the automotive OEM for their varied models as well as by end user as per his budget. It can be noted that the existing manufacturers of this material already have a sound access to procurement chemicals & related raw materials. The companies can be a registered to a particular or multiple automotive OEMS which is a determining factor of the company’s standing in the market. These companies are also focusing on different strategies such customized design in order to maintain the market share in the market. Continuous emphasis on new product innovation development by automotive OEMs exists to maintain the competitive advantage by providing more efficient & economic options in the market during the forecast period.

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Automotive Soft Trim Interior Market: Regional Outlook

Geographically, the Automotive Soft Trim Interior industry can be divided by major regions which include North America, Western & Eastern Europe, Asia-Pacific region, Japan, Middle East and Africa. America, Germany, China and Japan are the major producing nations. In terms of raw materials, Middle East & African countries are major suppliers of Leather; Chemicals by North America, Europe & Asia Pacific including Japan. The market is projected to grow at a steady growth rate. The market would be volume driven across all regions & vehicle segments. Market coverage in existing & untapped regions with OEM order bank would be critical to the company’s business.

The market does not sees any immediate or external threat at present, only material substitution by advanced types may cannibalize the existing material types.

Automotive Soft Trim Interior Market Players

Some of the players and manufacturers across the value chain of the automotive soft trim interior materials market are:

  • NHK SPRING Co., Ltd
  • Faurecia Interior Systems, Inc.
  • Lear Corporation.
  • SEIREN Co., Ltd.
  • Grupo Antolin
  • Magna International Inc.
  • Toyoda Boshoku Corporation
  • TS TECH CO., LTD.
  • Adient plc
  • GST AutoLeather
  • Mayur Uniquoters Limited
  • The Haartz Corporation
  • Recticel NV/SA
  • Auto Trim
  • Classic Soft Trim

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Key Segments Profiled in the Automotive Soft Trim Interior Materials Market Survey

By Material Type:

  • Fabric
  • Leather
  • Thermoplastic Polymers (Includes PVC)
  • Thermoplastic Elastomers
  • Thermoplastic Olefins (TPO)
  • Thermoplastic Polyurethanes (TPU)

By Application:

  • Door Trim
  • Seating
  • Cockpit and Dashboard
  • Pillar Trim
  • Headliner
  • Floor/Acoustic Systems
  • Trunk

By Vehicle Type:

  • Passenger Cars
  • Sub-Compact
  • Compact
  • Mid-Size
  • Sedan
  • SUV/MUV
  • Luxury
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

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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:

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T: +1-845-579-5705
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Automotive Radar Market is Anticipated to Register 13.20% CAGR through 2022-2032

The worldwide market demand for automotive radar is anticipated to reach approximately US$ 15,803.3 Mn by the end of 2032, growing at a strong CAGR of 13.20% between 2022 and 2032. It is anticipated that technical innovation and the broadening range of applications would be the market’s main development factors.

Growing focus on active safety to decrease road accidents has shifted the focus of OEMs towards developing and incorporating new and advanced automotive radar systems. According to ‘Association for Safe International Road Travel’ (ASIRT), nearly 3,287 deaths per day are reported globally due to road accidents.

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Advancing automotive technology and concern to reduce road mishaps, has raised expectations for advance systems in vehicles such as automotive radar to improve vehicle safety. These systems transmits electromagnetic (EM) waves at microwave frequency and gather information with the help of electronic control unit about the obstacles within the vicinity of the vehicle.

As per the survey conducted by ‘Insurance Institute for Highway Safety’, one out of three lives can be saved by using radar system in the vehicle. Implementation of automotive radar systems in passenger and commercial vehicles started in early 90s, however owing to technological limitations, focus on further advancement slowed over the time. But, over the past decade, where active safety technology emerged as major hot spot for research, brought automotive radar system in the limelight again. Smaller devices with high operational frequency are being deployed so as to serve multiple applications.

Furthermore favorable macro-economic and supportive regulatory framework is expected to create significant opportunity over the next few years. Regulatory approval of upcoming radar technology such as 79 GHz band radar across emerging markets such as India, Mexico etc. can generate robust growth opportunities in the market.

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Global Automotive Radar Market: Drivers

No doubt, automotive safety regulations which emphasizes, and even mandates use of such advance safety technology across regions is expected to drive the demand. Favorable macro-economic environment such as growing urban population, increasing disposable income, improving employment rates and consumer confidence index across prominent economies such as U.S., Canada, Germany, France, China, South Korea and India is anticipate to propel market growth.

Additionally, increasing demand for advanced features such as cruise control will upsurge demand for automotive radars, thus driving the automotive radar market. Ongoing innovations in the functionality and designs have fuelled investments in the global automotive radar market.

Global Automotive Radar Market: Restraints

One of the major factor restricting the growth of the global automotive radar market particularly in emerging region is the high initial cost of the optical and mechanical parts including micro electro mechanical sensors (MEMS), micro mirrors over pressure or piezoelectric sensors. Moreover, technical issues such as risk of mutual interference are expected to moderately affect adoption of these technology.

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Global Automotive Radar Market: Key Players
Some of the key players identified in the global automotive radar market are as follows

  • Delphi Automotive LLP
  • Autoliv Inc.
  • Denso Corp.
  • OmniVision Technologies, Inc.
  • Robert Bosch GmbH
  • Texas Instruments Inc.
  • Valeo Group
  • ZF TRW
  • SaberTek, Inc.
  • Analog Devices, Inc.

Global Automotive Radar Market: Segmentation

By Type:

  • Long Range RADAR (LRR)
  • Short & Medium Range RADAR (S&MRR)

By Technology:

  • Millimeter Wave Radar
  • Ultrasonic Radar
  • LiDAR (Light Detection and Ranging)
  • Camera

By Frequency:

  • 24 GHz
  • 77 GHz
  • 79 GHz

By Application:

  • Adaptive Cruise Control (ACC)
  • Autonomous Emergency Braking (AEB)
  • Blind Spot Detection (BSD)
  • Forward Collision Warning System
  • Intelligent Park Assist

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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
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Automotive Front End Module Market expected to reach US$ 22.29 billion by year 2032

According to a recent market analysis by Future Market Insights, the automotive front end module market is expected to reach US$ 22.29 billion in value by 2032. A CAGR of 6.3% is anticipated in the market during the forecast period.

Rising prevalence of Internet of Things (IoT) has a substantial impact on the automotive front end module market growth. Due to the expansion of smart technology, stakeholders have also invested in the development of automotive components that help customers stay connected with other users in automobiles.

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OEMs are a desirable sales channel for front end components for automobiles. The ORM channel is additionally anticipated to support market expansion. Therefore, automotive front end module market key players should anticipate opportunities by utilizing the OEM channel in order to achieve sustainability and greater profitability.

Additionally, the modularization of the product architecture is strongly related to the product design. The FEM modularization is growing in demand, which is likely to accelerate the demand for automotive front end modules.

This implementation is predominantly found in the U.S. automotive industry and is expected to contribute greatly to the worldwide market growth.

Modernizing automotive components, however, can be a significant market-size hurdle. In contrast to fuel economy and emissions, there have been more government mandates and restrictions, which were supposed to open up new business opportunities for the automotive front end module market.

Key Takeaways

  • The automotive front end module market is likely to have a CAGR of 3% during the forecast period.
  • The automotive front end module market is currently holding a valuation of US$ 12.13 billion
  • The automotive front end module market is expected to reach a value of US$ 22.29 billion through 2032.
  • With an appropriate revenue of 20%, North America leads the gradually expanding global automotive front end module market.
  • Asia Pacific is anticipated to hold the largest share for the automotive front end module market.
  • Europe is the second-largest market for automobile front end modules, with a revenue share of 35%.

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Key players & Startup Contribution

OEMs are putting more of an emphasis on modularization for effective production and vehicle weight reduction to increase fuel efficiency, as well as increased concerns for passenger safety. The main players are concentrating on getting a competitive edge and expanding their market presence.

Mahle Gmbh, Faurecia, Hyundai Mobis, Valeo S.A., Denso Corporation, Calsonic Kansei Corporation, Magna International Inc., Smrpbv, Sl Corporation, Montaplast Gmbh, Wheel Movers (India) Pvt. Ltd., Batsons Industries, Inteva Products, Plastic Omnium, Minda Vast Access Systems Pvt. Ltd., Hanon Systems, Hbpo Group, Aisin Seiki Co. Ltd., Samvardhana Motherson Group, Mitsui Mining & Smelting Co. Ltd., Prabha Engineering Pvt. Ltd, Strattec Security Co., U-Shin Ltd., Shivani Locks Pvt. Ltd., Brose Fahrzeugteile Gmbh & Co., Etc are major players in the automotive front end module market.

Key Segments Profiled In The Automotive Front End Module Market Survey

By Product Type:

  • Radiator
  • Motor
  • Fan Condenser
  • Internal Air Cooler
  • Radiator Core Support
  • Oil Cooler
  • Headlight
  • Front Grill
  • Front Active Grill
  • Bumpers
  • Horn Assembly
  • Fenders
  • Hose Assembly
  • Bracket Assembly
  • Automotive Air Quality Sensor
  • Crash Management System

By Material:

  • Steel
  • Composite
  • Hybrid
  • Plastic

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By Vehicle Type:

  • PC
  • LCV
  • HCV

By Region:

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

Recent Developments

  • They are a US-based firm that uses V2G communication to create a multi-modal charging network for micro-mobility. They offer intelligent charging hubs with built-in car adapters.
  • Following the acquisition of Faurecia’s Exterior System division in July 2016, Plastic Omnium boosted its automotive FEM market position in the nation.
  • Officials from Valeo North America stated in June 2017 that they would invest US$25 million to expand their plant in Smyrna, Tennessee. The Smyrna facility expanded 130,000 square feet. to the existing area. The factory creates HVAC goods, as well as active grill shutters and front-end components.

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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
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