Market Research Blog

The global aseptic fillers market is likely to reach US$ 32,301.4 million by 2032, up from US$ 18,734.1 million in 2022, advancing at a CAGR of 5.6% during the forecast period.

Sensitive products require sterile packaging that not only protects the product from contamination or leakage, but also follows careful packaging technique, which is exactly met by aseptic fillers, thereby boosting the aseptic fillers market growth.

The market growth is further enhanced by the fact that aseptic fillers are a type of automated packaging solution that is serving the requirement of packaging at a fast rate. Moreover, the demand for aseptic fillers is also attributed to the ease and quick adjustability offered by it for a huge range of filling volumes with the exact needed requirement.

Due to consumer demand for natural tasting products with a longer shelf life, these aseptic fillers are considered as a decisive step in the packaging industry with the integration of technology, shaping the aseptic fillers market future trends.

Request A Sample PDF @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2054

With the overall advent of technology in every aspect of life, the aseptic packaging process is gaining traction due to its faster, safer, efficient and effective application. Moreover, with the aseptic fillers, manufacturers have ultimately increased their production capacity, resulting in lower production cost and time.

Another prominent factor contributing to the aseptic fillers market growth is the maintenance of proper safety and quality, which manufacturers require at the same time increasing the production capacity and minimizing the cost of production.

The need for aseptic filling machines is projected to surge as the consumer goods and pharmaceutical industries expand globally in an effort to increase aseptic filling’s overall productivity, thereby ensuring well for the aseptic fillers market’s future trends.

Key players

• Advanstar Communications Inc.
• IPI s.r.l.
• Piramal Enterprises Ltd.
• Krones AG
• BACCINEX SA, KHS GmbH
• VMS-Maschinenbau GmbH
• Serac group
• Pharmalucence Inc.
• Vanrx Pharmasystems Inc.

Customization Before Buying, Visit @ https://www.futuremarketinsights.com/customization-available/rep-gb-2054

Key Segments Profiled In The Aseptic Fillers Market Survey

By Technology Type:

• Automated Aseptic Fillers
• Semi-Automated Aseptic Fillers

By Head Type:

• Single Head Aseptic Fillers
• Double Head Aseptic Fillers
• Multi Head Aseptic Fillers

By Package Type:

• Cartons
• Bottles
• Cans
• Bags
• Pouches
• Vials
• Ampoules
• Pre-Filled Syringes
• Others

By End Use:

• Food and Beverage Industry
• Pharmaceutical Industry
• Healthcare Industry

By Region:

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

Request a Complete TOC @ https://www.futuremarketinsights.com/toc/rep-gb-2054

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.

Contact Us:

Future Market Insights, Inc

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers

Dubai

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

Browse All Reports: https://www.futuremarketinsights.com/reports

LinkedIn| Twitter| Blogs

In 2022, the size of the rental market for Compact Power Equipment was estimated to be worth US$ 107,234.1 million. The market’s main growth drivers are anticipated to be the rising market value and variety of applications.

Compact power equipment rental as a whole is anticipated to grow at a strong CAGR of 6.7% between 2022 and 2032, reaching a value of about US$ 204,453.2 Million by the end of that year.

Compact power equipment includes all tools required for lighter construction jobs. The equipment is small in size and used in developing products with more ease and convenience. These compact power tools are of several types, such as engine-driven power tools, electric power tools and pneumatic power tools. They are used for various operations, such as drilling, polishing, woodwork routing and screw driving.

Compact tools are primarily used for construction-related jobs. These tools are used at construction sites for activities like drilling, hammering, cutting, grinding, washing and blowing types of equipment. Compact power tools are lightweight, small, and easy to handle and transport. However, they are more complex to handle than the commonly used hand tools and require skilled labour, and regular maintenance to avoid tool wear.

Request For Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-116

The global compact power tools rental market is expected to grow at a steady rate, as the demand for power tools is on the rise in developing countries. Drivers responsible for the growth of the power tools rental market include increasing demand for the fast accomplishment of projects and increasing infrastructural development activities in developing regions like Asia, where construction companies rent the tools from power tool companies as they cannot afford to invest in power equipment. The challenges ahead include continuous maintenance and the high cost of equipment. Many a time, clients who borrow equipment from companies, damage the tools, which is also a major concern for the power tool rental market.

Segmentation of the compact power tools market is done based on types and geography. Compact tools are of various types like electric power tools, engine-driven power tools and pneumatic power tools. Wherein electric power tool includes cordless tools, drilling & demolition, screw-fastening tools, direct fastening tools, cutting/sawing/grinding tools, dust extractors, glue and heat guns, high-pressure washers and blowers. Key geographic segments for the compact power tools market include North America, Latin America, Asia-Pacific and EMEA (Europe, the Middle East & Africa) region. Asia-Pacific is the most prominent region for compact power tools companies owing to increasing construction and infrastructural development activities in countries like India, Japan and China.

Key trends in the compact power tools market are increasing competition from Chinese manufacturers as Chinese vendors are penetrating this market with their tools at competitive prices as compared to other vendors.

Of the many players in the compact power tools market, Makita Corporation, Bosch, Stanley Black & Decker and Techtronic Industries are the dominant leaders. Other important players include Hilti Group, Panasonic Corporation, Emerson Electric Company, Snap-on Inc., etc. Mergers & acquisitions of key players provide opportunities to expand their product portfolio.

In North America, Bosch acquired SPX Corporation’s Service Solution business which manufactures, develops and sells service equipment and repairs workshop accessories. In Europe, Techtronic Industries acquired Ryobi’s power tools business and Royal Appliance Manufacturing Company, a market leader in North America which develops, markets and assembles cleaning appliances such as vacuum cleaners for domestic as well as commercial use. Emerson Electronics decided to focus on acquisitions and divestitures to increase investment in technology and also have a strong focus to acquire the market in developing countries. This is also because of decreasing demands for their products in Europe and market saturation in the U.S. and China.

The future of compact power equipment is very attractive due to an ever-increasing demand for compact power tools. Due to the saturation of developed markets like Europe, the U.S. and China, players in this market are now moving their focus toward developing or emerging nations.

Customization Before Buying, Visit @ https://www.futuremarketinsights.com/customization-available/rep-gb-116

This research report presents a comprehensive assessment of the compact power equipment market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market types and geography. The report covers exhaustive analysis on

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved
• Technology
• Value Chain

Regional analysis includes

• North America
• Latin America
• Asia-Pacific
• Japan
• Western Europe
• Eastern Europe
• Middle East & Africa

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

Global Compact Power Equipment Rental Market

Report Highlights:

• Detailed overview of the 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.

Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape:

Hydronic Underfloor Heating Market – Hydronic Underfloor Heating Market by Facility, Application & Region – Forecast 2022 – 2032

Cooling Tower Fans Market – Cooling Tower Fans Market by Technology, Product Type, End Use, Air Induction & Region – Forecast 2022 – 2032

Cable Cars And Ropeways Market – Cable Cars and Ropeways Market by Industry, Sales Channel, Type & Region – Forecast 2022-2032

Compact Power Equipment Rental Market – Compact Power Equipment Rental Market by Type & Region – Forecast 2022 – 2032

Air Flow Sensors Market – Air Flow Sensors Market by Type, Sensing Wire, Output Signals, Application & Region – Forecast 2022 – 2032

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.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6106

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.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-6106

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

Direct Purchase of this Report@ https://www.futuremarketinsights.com/checkout/6106

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
LinkedIn| Twitter| Blogs

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.

Get Sample PDF Brochure: https://www.futuremarketinsights.com/reports/sample/rep-gb-43

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.

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-43

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)

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-43

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
LinkedIn| Twitter| Blogs

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.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13678

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.

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-13678

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

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-13678

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
LinkedIn| Twitter| Blogs

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.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5335

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.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-5335

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.

Direct Purchase of this Report@ https://www.futuremarketinsights.com/checkout/5335

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
LinkedIn| Twitter| Blogs