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A new report published by Future Market Insights titled ‘Commercial Vehicles (Trucks) Market: Middle East & North Africa (MENA) Industry Analysis 2017 – 2021 and Opportunity Assessment 2022-2027’ studies the performance of MENA commercial vehicles (trucks) market over a 10 year assessment period from 2017 to 2027.

The report presents the value and volume forecasts of the MENA commercial vehicles (trucks) market and provides key insights into the factors driving market growth as well as the factors restricting the market growth.

The estimates point to a revenue growth from nearly US$ 5,250 Mn in 2021 to nearly US$ 8,500 Mn by 2027 end, resulting in a CAGR of 5.0% during the period of assessment. In terms of volume, the MENA commercial vehicles (trucks) market was pegged at 152,191 units in the year 2021 and is poised to reach a figure of 212,232 units in 2027, and display a CAGR of 3.4% in the forecast period.

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Rapid development and growth of oil and gas industry in the rest of Middle East region to boost market revenue growth

Commercial vehicles are commonly used as a medium of transport for different types of end use industries and they are helping in tasks such as unloading, loading and transportation of goods. The construction industry is exhibiting a fast growth due to the vast number of projects in the pipeline in each country of the Middle East and this also has connection with the plans of the countries in the Middle Eastern region to diversify their economies.

These developments are also related to the large scale international events that are going to be held in this region such as World Expo 2020 to be held in Dubai and the FIFA World Cup 2022 to be held in Qatar.

The construction industry in Iran was estimated to be valued at US$ 154.4 billion in 2016 from US$ 88 billion in the year 2013 and due to this upward growth, the market for heavy trucks is likely to boost in this country. Also, due to the rising urbanization, the construction industry is experiencing rapid growth in rest of the countries in the Middle East which is further expected to boost the demand for commercial vehicles in building and construction activities in the region.

Iran is also one of the biggest markets for trucks in the MENA region, and with the economic sanctions lifted up from Iran, it is experiencing a huge growth in its economy and is likely to be one of the prominent markets for heavy duty commercial vehicles.

On the other hand, other countries in the region like UAE and Oman are also becoming attractive markets for commercial vehicles due to their vast use in end-use industries such as the petrochemical industries, and this is expected to boost the overall demand for trucks in the Middle East region.

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MENA Commercial Vehicles (Trucks) Market: Segmentation and Forecast

The MENA commercial vehicles (trucks) market is segmented on the basis of class type and region. On the basis of class type, the market is segmented into light duty, medium duty and heavy duty. On regional basis, the market is segmented into Middle East (Saudi Arabia, Turkey, Rest of Middle East) and North Africa.

• The heavy duty segment was estimated to be valued at nearly US$ 3,200 Mn in 2021 and is likely to reach a valuation of nearly US$ 5,300 Mn in 2027 and in the process exhibit a CAGR of 5.1%.
• The medium duty segment was estimated to be valued at nearly US$ 1,850 Mn in 2021 and is anticipated to reach a valuation of nearly US$ 3,000 Mn in 2027 and exhibit a CAGR of 4.8%.

MENA Commercial Vehicles (Trucks) Market: Regional Forecast

• The commercial vehicles (trucks) market in Saudi Arabia was estimated to be valued at nearly US$ 560 Mn in 2021 and is likely to reach a valuation of nearly US$ 900 Mn in the year 2027 and exhibit a CAGR of 4.6% during the assessment period.
• The commercial vehicles (trucks) market in Turkey was estimated to be valued at nearly US$ 1,350 Mn in 2021 and is anticipated to reach a valuation of nearly US$ 2,150 Mn in 2027 and exhibit a CAGR of 5% during the period of forecast.

Market Taxonomy

Class Type

• Light Duty
  • Unto 2.5 T
  • 2.5 T – 4.5 T
  • 4.5 T – 6.5 T
• Medium Duty
  • 6.5 T – 7.5 T
  • 7.5 T – 9 T
  • 9 T – 12 T
• Heavy Duty
  • 2 T – 15 T
  • 15 T & Above

Region

• Middle East
  • Saudi Arabia
  • Turkey
  • Rest of Middle East
• North Africa

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MENA Commercial Vehicles (Trucks) Market: Vendor Insights

This report includes some of the key players functioning in the MENA commercial vehicles (trucks) market such as Daimler AG, AB Volvo, Scania AB, Paccar Inc., MAN SE, Navistar International Corp., Hino Motors, Ltd., Isuzu Motors Ltd., Dongfeng Motor Corporation, FAW Group Corporation, Toyota Motor Corporation, Ford Motor Company, Nissan Motor Company Limited, General Motor Company and Volkswagen AG. Manufacturers are using advanced telematics systems and financing options to lure customers.

Top Reports Related To Automotive Market Insights

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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The global hybrid vehicles market is expected to create a lucrative growth opportunity over the estimation period from 2022 to 2032 by registering a CAGR of 21.6%. The market is anticipated to be valued at US$ 192.7 Bn in 2022 and is expected to reach a valuation of US$ 1,362.3 Bn by 2032.

According to the historical analysis ranging from 2015 to 2021, the hybrid vehicles market exhibited growth at a robust CAGR of 11.4% and is projected to accelerate during the current estimation period at a phenomenal CAGR of 21.6% throughout the forecast period. This surging year-on-year growth in 2022 is expected to bolster even further as governments from all over the world are rapidly taking initiatives to reduce carbon footprints in the transportation sector.

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The widespread adoption of luxury vehicles combined with the enforcement of severe emission-related regulations and high demand for electric vehicles are all contributing to the expansion of the hybrid vehicles market. The hybrid vehicle market is predicted to hold around 25% to 30% of the global electric vehicles market. The growing trend of plug-in hybrid vehicles is expected to push sales in the global hybrid vehicles market in the next decade.

Key Takeaways

• The global hybrid vehicles market is witnessing fast-paced growth due to significant demand for electric mobility, increasing fuel prices, and stringent regulations framed by governments in various regions. Besides this, electric vehicles are known for their fuel efficiency and generate lesser noise than conventional vehicles. Owing to the attractive incentives and subsidies offered by government authorities in order to support sales of hybrid vehicles, their demand is expected to enhance during the forecast period.
• Owing to the rising per capita income and disposable income across the globe, the demand for passenger cars and personal vehicles is surging with each passing day. With a surging fleet of automotive vehicles, the rate of carbon emissions is also on a rise. Due to surging fuel prices and rising awareness regarding global warming, the demand for substitute vehicles is growing at a rapid pace.
• Hybrid vehicles are known to offer better fuel efficiency and have less carbon emission rates, and the demand for hybrid electric vehicles is surging across the globe. Several manufacturers are also paying more attention to the development and introduction of multiple models of hybrid vehicles in order to support the expansion of electro-mobility solutions.
• A reasonable increase is witnessed in the sales of SUVs, luxury, and sports models. Customers are not just searching for performance, but they want their vehicles to be fully equipped with advanced technologies. Owing to the surging number of awareness campaigns held by government and private agencies in order to promote electric mobility, consumers all over the world are demanding electric vehicles.
• Attributing the higher practical benefits of plug-in hybrid vehicles are responsible for their immense popularity, in comparison to hybrid and pure electric vehicles. Customers of this type of vehicle tend to suffer from low-range anxiety as the internal combustion engine acts as a backup power source when the batteries run out of charge. In addition to that, the batteries of these vehicles are able to be charged by both internal combustion engines and an external source with the help of a plug. Owing to these aforementioned factors, the demand for plug-in hybrid vehicles is increasing across the globe.

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Competitive Landscape

Over the last few years, there has been a surging number of acquisitions and growth strategies in order to increase the development & production of hybrid vehicles. Several major firms are meticulously working on innovations and new technological developments. Some of the growth strategies used by key firms include contracts & agreements, new product developments, and partnerships to strengthen their market positions.

Key Companies Profiled:

• Tilley Inflatable Design & Engineering LTD
• Ford Motor Company
• General Motors Company
• Honda Motor Co., Ltd.
• Daimler AG
• Volkswagen AG
• Renault SAS
• Toyota Motor Corporation
• Nissan Motor Corporation
• Mitsubishi Motor Corporation
• Hyundai Motor Company
• Bayerische Motoren Werke AG (BMW)

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Key Segments Covered in Hybrid Vehicles Market Analysis

By Product Type:

• Hybrid Vehicles
• Plug-in Hybrid Vehicles

By Vehicle Type:

• Passenger Car
• LCV
• HCV

By Engine Type:

• Gasoline Electric
• Diesel Electric

By Powertrain Configuration:

• Parallel Hybrid
• Series Hybrid
• Power Split Hybrid

By Region:

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

More Insights into the Hybrid Vehicles Market

The U.S. is expected to dominate the automotive market and incorporates high penetration of technologically advanced and high-cost products. The U.S. government is supporting growth in the hybrid vehicles market by investing in the construction sector since the adoption of electric vehicles increases the demand for charging infrastructure in a variety of settings, including homes, workplaces, and public places. As per FMI, the U.S. hybrid vehicles market is expected to surpass revenues worth US$ 36.5 Bn by the end of 2022.

The hybrid vehicle market in Japan is expected to be valued at about US$ 8,633.9 Mn in 2022. As per Japanese consumers, hybrid vehicles are known to be dependable, safe, and simple to use. They are also willing to pay a premium price as they believe these vehicles offer good 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
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The global demand for cargo bikes is expected to rise at 10.8% year-on-year in 2021 with sales reaching over US$ 900 million. Future Market Insights (FMI) projects the cargo bike market to grow at 11.6% CAGR between 2021 and 2031.

With the rise of e-commerce operations, logistical flows are witnessing significant expansion, creating transport and time-sensitive operational challenges. According to a recent report by Future Market Insights (FMI), the global cargo bike market is projected to expand at CAGR of around 11.6% over the forecast period 2021-2031.

Sustainable urban logistics development is becoming increasingly vital to keep up with quality-of-life parameters in urban centres, while solving two major problems—congestion and poor air quality. These factors are critical to sales of cargo bikes.

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The usage of cargo bikes as a mode of transportation for urban freight flows has a favourable impact on these issues, compelling manufacturers to invest more in the manufacturing sector, thereby fuelling the demand for cargo bikes in the long term.

Increasing monetary and non-monetary incentives are encouraging the adoption of battery-operated cargo bikes. Moreover, the need for sustainable urban mobility and modern transportation is driving the transition from conventional fuel bikes to paddle assisted and battery assisted cargo bike for mode of transport.

FMI projects demand among courier and parcel services providers to rise at 11.8% over the assessment period. Focus on curbing carbon footprint by the industry will remain a chief growth driver. Cargo bikes are anticipated to have a positive influence on energy security and air quality.

Key Takeaways from Cargo Bike Market Study

• Three wheeled cargo bikes are anticipated to account for 423 Mn by the end of 2021, owing to courier delivery, personal transport, and warehouse transport applications.
• US$ 3,501-6,000 price range segment sales accounted for US$ 414 Mn supported by availability of electric and conventional cargo bikes.
• Germany leads the Europe market with a US$ 253.8 Mn sales figure in 2021 because of ease availability of raw material and government incentives.
• The U.S. will hold around 92% of the North America market through 2031, supported by the presence of major logistics players in the country.
• In 2021, the Brazil cargo bike market will rise at steady 6.1% CAGR, with investments into low cost logistics gaining ground in the country.

“The global rise in traffic congestion coupled with growing demand from the logistics sector, especially following the outbreak of the COVID-19 pandemic is expected to drive the market for cargo bikes, through the end of 2031” says a Future Market Insights analyst.

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Competitive Landscape

The global cargo bike market is highly competitive at regional, country, as well as global level, and highly fragmented in nature. Top companies operating in the market contribute notably to revenue generation. With compliance to governmental standards and regulations, these companies have a global brand presence.

Some of the key players included in the report are Accell Group N.V. (Carqon), Jinhua Jobo Technology Co., Ltd., BODO Vehicle Group Co., Ltd. (LUXMEA), Chongqing Mobimax Technology Co., Ltd., Mobility Holdings, Ltd. (Tern Bicycles), Riese & Müller GmbH, Urban Arrow, Worksman Cycles, Yuba Electric Cargo Bikes, Rad Power Bikes Inc., and others.

Cargo Bike Market by Category

By Product Type:

• Two Wheeled
• Three Wheeled
• Four Wheeled

By Propulsion:

• Conventional
• Electric

By Price:

• Below US$ 1,500
• US$ 1,500-3,500
• US$ 3,501-6000
• Above US$ 6,000

By Wheel Size:

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

By End Use:

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

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Report Coverage:

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Key Points Covered in the Cargo Bikes Market Study

• Market estimates and forecast 2016-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand Share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Cargo Bikes Market and How to Navigate
• Recommendation on Key Winning Strategies

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
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Global automotive repair & maintenance services market is forecast to reach a US$ 544.5 Bn in 2021, with a stable long-term projection, as per the latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.

The demand for automotive repair & maintenance services declined in 2020 due to the COVID-19 outbreak. However, sales are recovering since the automotive industry is in recovery mode. Considering the possibility of the market regaining momentum in many countries, the long-term outlook on the market remains positive.

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The demand for automotive repair & maintenance services increases with the increasing vehicle age and poor quality of roads. The repair & maintenance market is driven by increase in demand for various services and parts such as tire replacement services, collision body repairs, and others.

The number of registrations for passenger cars is increasing with the growing number of manufacturers in the world. Especially in middle-income countries, car owners perceive it as a major investment hence there is high focus on maintenance and repair of passenger vehicles. As per FMI, passenger vehicles are expected to account for over 70% sales in the market.

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Key Takeaways

• Automotive Repair & Maintenance Service is driven with the increase in demand of second hand (Used) vehicles by consumers. The market will exhibit 5.7% CAGR between 2021 and 2031
• The U.S. holds the highest share in the global repair & maintenance services market. In North America it accounts for over 85% of sales.
• The U.K. will remain a chief market within Europe, exhibiting above 3.5% y-o-y growth in 2021
• Germany will account for maximum sales in Europe, France will exhibit rising demand
• Increasing production of passenger vehicles and vehicles parts will push sales in China

“Demand for repair and maintenance services is increasing due to increase in awareness regarding vehicle safety among users. Increase in availability of independent auto service and maintenance providers is likely to boost the automotive repair & maintenance services market” says FMI analyst.

Competitive Landscape

The market is highly consolidated, with key players accounting for significant market share. Some of the key players in the repair and servicing market are Goodyear Tire & Rubber Company, Driven Brands Inc., and Jiffy Lube International Inc. Many companies are investing in various technological innovation in automotive repair & maintenance services which are the major drivers for the market.

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Automotive Repair & Maintenance Market

By Services & Parts

• Engine Oil
• Gear Oil
• Brake Oil
• Grease
• Tires
• Batteries
• Wear & Tear Parts
• Air Filter
• Cabin Filter
• Oil Filter
• Wiper Blades
• Collision Body
• Starters & Alternators
• Lighting
• Exhaust Components
• Spark Plugs

By Service Providers

• Automobile Dealerships
• Franchise General Repairs
• Specialty Shops
• Locally Owned Repair Shops/Body Shops
• Tire Shops
• Others

By Vehicle Type

• Passenger Cars
• LCV
• HCV

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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Based on the market research conducted by FMI, the automotive wiring harness market is expected to grow at a considerable CAGR of 7.9% through 2032.

The automotive wiring harness market is expected to hit US$ 110.78 billion by 2032. The market is valued at US$ 51.79 billion as of 2022, and in 2021 the automotive wiring harness market valuation was US$ 48 billion.

There has been an increase in automotive exploration activities across the globe. Thanks to a vast number of investments made in this niche. The flexible wires that are used in this application help in the improvement of power delivery. All of these might surge the sales of automotive wiring harness going forward.

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Moreover, the combined wiring of different electrical and electronic systems into a single system is helpful in signal transmission and driving different kinds of electrical appliances. This has undoubtedly allowed companies to achieve the aim of cost-cutting. This has also captured the attention of manufacturers from other sectors, which might improve the automotive wiring harness market outlook in the future.

Moreover, there has been a surge in the usage of autonomous vehicles, as these help in reducing the cases related to accidents. Additionally, governments worldwide are investing millions of dollars in these autonomous vehicles.

The automotive wiring harness is also an integral part of these autonomous vehicles. This is expected to increase the demand for the automotive wiring harness.

Thus, from the insights obtained from FMI research, it can be inferred that, “Increased focus on passenger safety, coupled with an increase in the number of electric vehicles worldwide, and many other factors are expected to increase the demand for automotive wiring harnesses.”

Key Takeaways:

• The automotive wiring harness market is expected to grow at a CAGR of 7.9% during the forecast period.
• The market was valued at US$ 48 billion in 2021.
• The automotive wiring harness market is valued at US$ 51.79 billion in 2022.
• The automotive wiring harness market is anticipated to be valued at US$ 110.78 billion in 2032.
• Based on the product type, the Chassis & Safety Segment is expected to lead the market during the forecast period.
• Based on the vehicle type, the Passenger Cars had the Highest automotive wiring harness market share of nearly 49% in 2021.
• Asia Pacific currently dominates the market, with a Market Share of whopping 51%
• If we talk about the largest market based on the country, it is China.

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Competitive Landscape of the Automotive Wiring Harness Market

The automotive wiring harness market is growing with leading players offering everything they can. Thus, the market players have kept customer delight before everything.

In order to offer best possible services, the key players are looking at establishing strategic collaboration with global players and local regional players. This is done to gain a good understanding about the local market as well as the global market. Additionally, the growth of electric vehicle industry and automobile industry is a great news for the key players.

Some of the recent developments are:

• In July 2022, Leoni defines clear targets with ‘ReWire’ on its way to offer highest form of sustainability, based on Climate neutral by 2045 agenda.
• In August 2022, Sumitomo Electric announced that it would take part in CIGRE 2022 technical exhibition, which is the worlds largest power system technology. The exhibition is scheduled to be held from August 29 to September 2, 2022 in France.

Key Companies Profiled in the Automotive Wiring Harness Market

• LEONI Group
• Samvardhana Motherson Group
• Sumitomo Electric
• Yazaki Group
• Fujikura Ltd.
• Lear Corporation
• Furukawa Electric Co. Ltd
• YURA Tech Corporation
• Nexans

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Key Segments Profiled In The Automotive Wiring Harness Market

By Product Type:

• Chassis & Safety
  • Conventional Chassis
  • Semi-Forward Chassis
  • Full Forward Chassis
• Body
  • Roof
  • Door & Window
  • Facia
  • Seat
  • Interior
• HVAC
• Engine
• Sensors

By Vehicle Type:

• Passenger Cars
  • Compact
  • Mid-Sized
  • SUV
  • Luxury
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Electric Vehicles
  • BEV
  • PHEV

By Sales Channel:

• First Fit
• Replacement

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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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The market for automotive wheel rims is anticipated to reach US$ 44,944.6 million in 2022 and to rise at a robust 6.20% CAGR from 2022 to 2032, reaching US$ 82,020.5 million by that year.

Wheel Rims is outer edge of a wheel, which are designed to hold tyre.  Wheel rims must be strong enough to bear vehicle weight and withstand forces caused by operation. Materials which are used to produce wheels have become sophisticated as a design and materials such as steel, non-ferrous alloys aluminium, and magnesium.  Alloy wheels are becoming popular due to appearance as well as lighter in terms of weight than the steel wheels.

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Aluminium act as a conductor of heat, alloy wheels dissipate heat from tyres and brakes more effectively than steel wheels.  Wheel rims mainly effects the braking system of a vehicle. The higher diameter wheel rim enables better airflow towards the braking system. The handling of vehicle can depends on weight of vehicle, lighter vehicles can be easily controlled in the motion of tyre. There has been tremendous developments in wheel rims industry from last couple of years. The technological advancements and innovations in the automotive wheel rims market spur new opportunities for the companies in automobile industry. Global Automotive Wheel Rims market is expected to offers lucrative market over the forecast period.

Automotive Wheel Rims Market: Drivers and restraints

There has been a healthy growth rate in the economies of Asian pacific countries, which enables propel the automotive wheel rims market. Growing disposable income of consumers along with changing the life style is expected to boost the global automotive wheel rims market. Thus, in turn, would lead to increase in demand for automotive wheel rims. Adoption of Automotive Wheel Rims has been observed to be quite less in lower and middle-income countries due to low awareness and less disposable income, this can narrow down the global automotive wheel rims market.

Automotive Wheel Rims Market: Overview

Global Automotive Wheel Rims market is gaining upsurge across the globe due to increased awareness among automobile Industry. The innovations in wheel rims enables better performance of vehicle. The global automotive wheel rims market expected to witness a significant CAGR as well as annual growth rates over the forecast period.

Automotive Wheel Rims Market: Key players

Some of the key players are

• TSW alloy Wheels
• Euromax Wheel
• Maxion Wheels
• Voxx Wheel
• MHT Luxury Wheels
• Sota Offroad
• Status Wheels (TUFF A.T)
• Fuel Offroad Wheels
• Wheel Pros LLC.

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Automotive Wheel Rims Market: Segmentation

Global Automotive Wheel Rims Market can be segmented as following types

By Product Type

• Wire Spoke Wheel Rims
• Steel Disc Wheel Rims
• Light Alloy Wheel Rims
• Aluminium Alloy Wheel Rims
• Magnesium Alloy Wheel Rims
• Titanium Alloy Wheel Rims
• Chrome Wheel Rims
• Teflon Wheel Rims

By Size

• 13”-20”
• 21”-25”
• 25”-30”

By End User

• Manufacturing Industry
• Workshops

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Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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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The automotive fasteners market is anticipated to obtain growth at an average CAGR of 6% and is forecasted to reach a valuation of USD 47,174.7 Mn by 2032, while it holds a revenue of USD 26,342.1 Mn in 2022.

In recent times, companies around the world have invested capital in technology research and development units to help them enhance the productivity of multiple machines.

Automotive fasteners and industry-specific designs and shapes attract end users to adopt these fasteners. Industries rising along with its application in housing, door panels, and other vehicle parts are fueling the sales of automotive fasteners.

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Dynamic consumer preferences for smart vehicles, rising disposable income, and increasing adoption of cutting-edge technology in automobiles are some of the factors driving the global automotive fasteners market.

The preference for using lightweight vehicles across the world is expected to enhance the demand for using lighter automotive components in vehicles. In order to increase the performance of vehicles as well as fuel efficiency, lightweight parts are important.

Key Takeaways from Market Study

• Europe holds the biggest market space for the automotive fasteners market and is anticipated to hold its ground during the forecast period, with 26% of the share attributed to the sales of commercial vehicles such as passenger cars and electric buses.
• North America has the second largest space in the global automotive fasteners market, while its growth is owing to advancements in electric vehicle and their higher adoption with a 16% global share.
• The automobile companies such as General Motors and Ford are making the USA a significant country in the region of North America.

 “The future for the market looks promising for lightweight vehicle adoption that use lighter automotive components in vehicles including automotive fasteners. These fasteners increase the performance of vehicles such as lightweight parts, and fuel efficiency. The rise of electronic vehicles has also pushed the demand for automotive fasteners that require fitting ensuring the use of sustainable and environmentally friendly electric vehicles. The technical developments to enhance the quality and durability of the automotive components and products. ” says a Future Market Insights analyst while discussing the future of the market.

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Competitive Landscape:

The automotive fasteners market is fragmented by the key players that help to develop the market all around the globe during the forecast period. These players are showing their efforts and focus on increasing the automotive fasteners’ market share. The key players are using various tricks and marketing terms to acquire the lion’s share in the automotive fasteners market size.

Key Segments in The Automotive Fasteners Market

By Material:

• Iron
• Aluminum
• Brass
• Nickel
• Stainless steel
• Plastic

By Characteristics:

• Removable
• Semi-permanent
• Permanent

By Types:

• Threaded
  • Nuts
  • Screws
  • Rivets
  • Studs
• Non threaded
  • Snap rings
  • Clips

By Coating:

• Passivated coating
• Cadmium coating
• Dry film lube coating

By Distribution Channel:

• OEM (Original Equipment Manufacturers)
• Aftermarket

By Region:

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

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Recent Market Development

• The Amphenol Corporation and Illinois Tool Works companies announced an agreement that ITW acquire the MTS corporation system test with the closing of the acquisition of Amphenol.
• Atotech Deutschland GmbH has announced the acquisition of J-KEM International (“J-KEM”) company, which is based in Rosersberg, Sweden. J-KEM is a leading global supplier of high-quality chemical products and processes that are used for the printed circuit board and general metal finishing industries. J-KEM’s customer relationships and strong technology have helped Atotech to expand its market and drive its growth soon.
• Bulten AB launched its new industry in China to increase the supply chain. The company is likely to develop in-house forming, surface treatment, and heat treatment processes to produce high-quality fasteners in the country.

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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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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The global green tires market size is projected to increase from US$ 31.1 Bn in 2022 to US$ 78.6 Bn by 2032, accelerating at a CAGR of 9.7% between 2022 and 2032. Rising demand for fuel efficient vehicles and vehicle components to reduce environmental pollution is a key factor driving the global green tires market.

Green tires are essential for lowering the price and fuel efficiency of automobiles. Changes in customer preferences for sustainable transportation options and strict laws are driving up demand for tires that are both energy-efficient and environmentally friendly.

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Green tires assist in minimizing the energy lost as a result of tire-to-rolling surface friction. Silica is used in the manufacturing of these tires to create low rolling resistance, which may eliminate tire friction on any given surface. It increases the energy efficiency of tires and raises the general level of tire and vehicle safety.

Changing consumer preferences for fuel-efficient automobiles, government regulations on carbon emissions, as well as a growth in demand from the e-commerce and logistics industries, would all boost the global market for green tire during the forecast period.

Key Takeaways of Green Tire Market Study

• By tire size, the 18” tire size segment is projected to increase at a value CAGR of 9.1% during the forecast period.
• In terms of vehicle type, passenger vehicles are anticipated to account for more than 68% of the global market.
• Based on application, on-road segment is projected to grow at a value CAGR of 9.6% through 2032.
• With implementation of stringent government regulations in the automotive industry, green tires market in Europe is projected to expand at 9.0% CAGR over the next ten years.
• The green tire market in China is poised to expand at a value CAGR of 3% from 2022 to 2032.

“The market for green tire is expected to be supported by rising government regulations, and changing consumer preference for fuel-efficient tires. Besides this, product development with sustainable materials by prominent players coupled with adoption of strategies like collaborations and partnerships will bode well for the market.” says Future Market insights analyst

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Competitive Landscape

Market players are attempting to increase their market share by developing eco-friendly materials-based green tires and modernizing existing product lines. To increase their sales channels in the market, the major corporations are looking to partner with distributor networks and vehicle manufacturers.

Leading manufacturers of green tires also adhere to important supply trends including the introduction of new products and significant expenditures on R&D.

Continental AG, Bridgestone, Goodyear Tire & Rubber Company, Michelin Group, Pirelli & C S.p.A are a few of the market’s major participants.

Key Segments Covered in Green Tire Industry Analysis

Green Tire Market by Tire Size:

• Below 15″
• 16″
• 17″
• 18″
• 19″
• Above 19″

Green Tire Market by Vehicle Type:

• Passenger Vehicle
• LCV
• HCV

Green Tire Market by Application:

• On-Road
• Off-Road

Green Tire Market by Sales Channel:

• OEM
• Aftermarket

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Find More Valuable Insights

The research report analyzes the market demand trends of green tire. The global market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of green tire. As per Future Market Insights’ research scope, the green tire market has been studied and segmented on the basis of tire size, vehicle type, application, and sales channel. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.

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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