Market Research Blog

With increasing investments in the expansion of transport infrastructure to meet the growing need of the global population, the electric cargo bikes market is anticipated to surge at an impressive pace. According to Future Market Insights (FMI), the global electric cargo bike market is projected to expand exponentially at CAGR of around 11% over the forecast period 2021-2031.

The use of electric cargo bike for logistics and supply chain applications are currently gaining traction in countries with matured transportation systems. The increasingly important requirement to reduce the carbon footprints for environmental protection, along with high performance and low maintenance characteristics in the logistics industry, are compelling manufacturers to invest production capacity, therefore creating promising market prospects for the foreseeable future.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-7803

With increasing investments in urbanization, increasing volume of deliveries being conducted by logistics companies in terms of last-mile operations is a key factor that supports the adoption of electric cargo bikes. Minimal fatigue to riders, low operational costs, minimal environmental impact, and growing levels of social acceptance are expected to drive demand in the long-term.

On the other hand, electric cargo bikes are limited in terms of payload carrying capacity and range of operations. Efforts to bolster performance capabilities through research and development and marketing operations aimed towards geographical expansion are key factors being considered by market leaders.

Increasing monetary and non-monetary incentives are encouraging the adoption of battery-operated electric cargo bikes. Moreover, the need for sustainable urban mobility solutions and modern transportation is driving the transition from conventional to electric modes of transport. E-cargo bikes are anticipated to have a positive influence on energy security and air quality. Regulations aimed towards net zero emissions and climate protection agreements are proving important to future market developments.

Key Takeaway from Market Study

• Lithium-ion batteries are expected to hold more than 84% of the market owing to their high charging efficiency, charge density, and low-weight compared to lead and nickel-based alternatives
• Two-wheeled electric cargo bikes are anticipated to remain one of the fastest growing segments exhibiting a CAGR of 12.2%
• Germany is expected to account for a dominant share of 39% in Europe backed by the presence of some of the key manufacturing facilities and government incentives.
• The U.S. will hold the lead in North America, accounting for over 90% of the regional industry owing to developments in transport infrastructure.
• Brazil is likely to generate lucrative opportunities, reflecting a CAGR of over 8% through the end of 2031.

“Market players are looking to offer eco-friendlier updates to cater to the changing consumer preference. Besides this, there is immense focus on expanding their product portfolio to gain competitive edge,” says a lead FMI analyst.

Competition Landscape

The global electric 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 are occupying a hefty share in terms of revenue.

With compliance to governmental standard and regulations, these companies have a global brand presence. Leading manufacturers are also updating their technologies to improve their market share.

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-7803

Electric Cargo Bike Market by Category

By Product Type:

• Two Wheeled
• Three Wheeled
• Four Wheeled

By Battery Type:

• Lead Based
• Nickel Based
• Lithium Ion

By End Use:

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

Pre-Book Report @ https://www.futuremarketinsights.com/checkout/7803

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 demand for performance improvement of ageing vehicles is projected to drive the automotive tuner market. The global automotive tuner market is set to be valued at US$ 601.4 Mn in 2021, according to latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. It offers analysis in 20+ high-growth markets, providing detailed insights on Automotive Tuners market growth will evolve in the next decade.

The demand for automotive tuner decreased in the 2020 with effect if the COVID scenario and also effect the overall sales from the direct sales channel the third party online channel won’t affect slightly due to the economic crisis.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-13120

An increasing number of vehicle owners are spending on automating tuning to boost their vehicle performance. Considering this, the increasing sales of passenger vehicles in India, China, UAE, and other countries will create a conducive environment for automotive tuner sales. According to the report, passenger cars will account for maximum sales in the market.

Key Takeaways

• Global automotive tuners market will rise at 5.8% CAGR between 2021 and 2031
• Steady sales of vehicles boosts growth in the U.S., sealing its dominance in the North America market
• Increasing vehicle production and focus on aftermarket and maintenance services have been driving growth in Germany and France
• After a period of negative growth, sales will recover in the U.K. market, enabling it to register 4.7% y-o-y growth in 2021
• Rising passenger vehicle sales will continue pushing growth in China. Also the increasing demand for aftermarket vehicle services and solutions will create a conducive environment for automotive tuner sales in the country

“The increasing demand for vehicle performance tuning or component tuning is creating growth opportunities for the market players. In the coming years, the market will gain from the rising demand for vehicular electronics, alongside focus on improving fuel-efficiency,” says FMI analyst.

Who is Winning?

The market is fragmented, with key players accounting for approximately one fifth of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Automotive tuner market is likely to grow at a moderate pace during 2021-2031. As it is a growing market, companies are expected to concentrate on research and development activities.

Some of the key players in the market are Derive Systems, Cobb, Alientech SRL, Roo Systems, EFI Live, Magic Motorsports, Edge Products, Diablo Sport, Mountune, Autotuner, AEM Electronics, Hypertech Inc., HP Tuners, Flashtec SA, Jet Performance Products, etc.

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-13120

Automotive Tuner Market

By Component Type

• Hardware Component
• Software

By Vehicle Type

• Passenger Car
• LCV
• HCV

By Fuel Type

• Gasoline
• Diesel

By Sales Channel

• Direct Sales
• Third Party Online Channel
• Independent Stores/Shops
• Other Sales Channel

Pre-Book Report@ https://www.futuremarketinsights.com/checkout/13120

Scope of the Report

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	USD Million for value and Units for Volume
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa
Key Countries Covered	US, Canada, Mexico, Brazil, Germany, Italy, France, U.K., Spain, Russia, BENELUX, China, Japan, South Korea, India, ASEAN, Australia and New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
Key Segments Covered	Component Types, Vehicle Type, Fuel Type, Sales Channel, and Regions

 

Report Coverage	Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing	Available upon Request

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 automotive performance tuning and engine remapping services market is forecast to grow at a CAGR of 6.3% from 2021 to 2031. Automotive performance tuning and engine remapping services market is driven by the increasing focus on customization of vehicles. The increasing trend towards owing high performance vehicles, coupled with surging fuel prices are key factors driving growth. Automotive performance tuning and engine remapping services have been gaining remarkable momentum in the passenger and commercial vehicle markets, from their conventional application in automotive racing.

Automotive performance tuning and engine remapping services aim to improve the performance and efficiency of a variety of vehicles. Previously, automotive performance tuning and engine remapping services were only available for race cars, but they’ve gained a lot of popularity as a trend in passenger and commercial vehicles. During the forecast period, this factor is expected to be one of the major driving forces for the global automotive performance tuning and engine remapping services market (2021-2031).

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6443

Key takeaways of Automotive Performance Tuning and Engine Remapping Services Market Study

• Driven by increasing demand for high-performance vehicles, the automotive performance tuning & engine remapping market will register 6.3% CAGR between 2021 and 2031
• Increasing expenditure on ensure fuel efficiency in vehicles will drive growth in the U.S., enabling it to account for over 85% sales in North America in 2021
• After a year of negative sales, sales in the U.K. will improve, exhibiting 6.6% y-o-y growth in 2021
• Germany and France too will continue exhibiting high demand, backed by rising vehicle production and sales
• Expansion of the automotive sector will boost sales in China, catapulting it as a leading market for automotive performances tuning & engine remapping

“Rising popularity of engine performance tuning and remapping in recent years is likely to drive global automotive performance tuning and engine remapping services market. Most players around the world are focusing on the expansion of the supply chain. As a result, engine tuning and remapping is gaining popularity among vehicle owners as it also increases the service life of vehicles engines,’’ says Future Market Insights analyst.

The performance tuning and engine remapping services are intended to improve the performance and economy of various types of vehicles. Performance tuning and engine remapping services were reserved for automotive racing only, but have significantly gained traction in the market as a trend in passenger and commercial vehicles as well. This factor is projected to be one of the key driving factors for the global performance tuning and engine remapping services market during the forecast period.

Who Is Winning?

The report includes some of the key market participants that are prominent and have established themselves as leaders in the global as well as regional markets for automotive performance tuning and engine remapping services. Some the key players in the automotive performance tuning and engine remapping services market are Quantum Tuning, RS Tuning, Turbo Dynamics, EcuTek Technologies Ltd., Roo Systems, ABT Sports line GmbH, Tuning Works Inc., Shift Performance, Layton Remaps, and TuneOTronics, among others.

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-6443

Automotive performance tuning and engine remapping services Market

By Vehicle Type

• Passenger cars
• Light commercial Vehicles
• Heavy Commercial Vehicles

By Fuel Type

• Petrol
• Diesel

By Tuning stage

• Stage 1
• Stage 2
• Stage 3

By Tuning Method

• OBD Ports
• Bench Tuning

By Application

• Racing
• Fuel Economizing
• Performance tuning

By Region

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

Valuable Insights into Automotive Performance Tuning & Engine Remapping Services Market

Future Market Insights, in its new report, offers an unbiased analysis of the global automotive performance tuning & engine remapping services market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the market on the basis of vehicle type, fuel type, tuning stage, tuning method, and application across seven regions.

Pre-Book Report @ https://www.futuremarketinsights.com/checkout/6443

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

 

Global compact utility vehicle sales are set to be valued at US$ 3.65 Bn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights, an ESOMAR-certified research and consulting firm. The report estimates global compact utility vehicle market to grow at nearly 2.4% during 2021-2031. The report offers analysis in 20+ high-growth markets, providing detailed insights on compact utility vehicle growth will evolve in the next decade.

Demand for compact utility vehicles waned in 2020, and due to the COVID-19 economic impact, the automotive industry is in recovery mode. However, considering the possibility of a stimulus 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-12907

Key Takeaways

1. In addition to sales generated through ‘owning’, rentals will continue to be a substantial avenue for compact utility vehicle manufacturers
2. Tracked compact utility vehicles are witnessing higher sales vis-à-vis other platforms
3. Stringent environment regulations are influencing manufacturers to accelerate electric variant launch
4. Consistent increase in constriction activities through infrastructure development will be key to demand during 2021-2031

 “Upsurge in demand for off-road vehicles in recent years is expected to provide an impetus to compact utility vehicle sales. Compact size, low fuel consumption and high performance of compact utility vehicles is expected to create substantial growth prospects.” says FMI analyst.

Competitive Landscape

The market is moderately consolidated, with key players accounting for significant market share. Some of the key players in the market are Doosan Bobcat, Kubota Corporation, and Komatsu Ltd, and Hitachi Construction Machinery Co. Ltd. among others. These players are likely to invest in new technologies, especially electric variants, to maintain their market share

Compact Utility Vehicle Market Projection

Compact utility vehicle market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop customized vehicles that meet personalized requirements of consumers. Collaboration with regional construction contractors or construction companies as a prime strategy expected magnify in the forecast period.

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-12907

Key Segments

By Vehicle Type

• Skid Steer Loaders
• Excavators
• Detachable Accessory Based Vehicles
  • Power Auger
  • Hydraulic Breaker
  • Diggers
  • Dumpers
  • Others

By Platform

• Tracked
  • Wide
  • Narrow
• Wheeled

By Operation Type

• Diesel
• Electric

By Rated Power

• 20 to 25 HP
• 25 to 50 HP

By Applications

• Construction
• Gardening & Landscaping
• Civic Utilities
• Industrial

By Sales Channel

• Direct End User
• Rental

By Region

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

Pre-Book of this Report@  https://www.futuremarketinsights.com/checkout/12907

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

According to a new study by Future Market Insights (FMI), the global bicycle tire market is expected to be valued at ~US$ 6.4 Bn in 2021. Rising demand on environment-friendly modes of commuting is expected to help the market gain impetus in the coming years.

The electric vehicle (EV) revolution has dramatically altered the global automotive landscape. As environmental sustainability concerns mount, governments are calling for a swift transition towards alternative fuel sources to reduce carbon footprint. Hence, the market for electric vehicles is proliferating immensely. The 2020 Global EV Outlook published by the International Energy Agency (IEA) concluded that electric vehicle sales reached 2.1 million units in 2019, registering a 40% yearly increase.

This has spelt favorable conditions for the expansion of electric two-wheelers as well. Electric bikes are gaining momentum, providing tire manufacturers fertile ground for expansion. Furthermore, aggrandizing trends surrounding recreational biking is expected to stimulate cruiser bike sales, with Future Market Insights predicting its growth to be valued at 5% by 2021-end. Convenience is also becoming the need of the hour, with preference for foldable e-bikes acquiring major prominence.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3128

Key Takeaways of Bicycle Tire Market Study

• Bicycle tire market is set to expand at 7.7% CAGR between 2021 and 2031
• The U.S. will exhibit high demand, accounting for nearly 90% of bicycle tires sold in North America
• The U.K. market is forecast to exhibiting impressive year-on-year growth at nearly 8% in 2021
• Germany and France too are expected to register positive growth in sales of bicycle tires
• Within East Asia, China will continue accounting for maximum sales, although the demand from Japan and South Korea too is expected to rise at a steady rate

“Increasing concerns pertaining to traffic congestion and implementation of stringent carbon emission norms are creating lucrative opportunities for bicycle tire sales. Cycling-to-Work initiatives are gaining more traction than ever before. Various government programs encouraging the use of bicycle for commute is expected to push the global bicycle tire market growth” says FMI analyst.

Bicycle tire market is projected to be a fast growing market especially since sales are poised to surge considerably in the coming years. There is increasing focus on research and development activities within the market to customize design as per consumer preference. Also with leading manufacturers aiming at sustainability, FMI predicts positive outlook for the market between 2021 and 2031.

Bicycle Tire Market Competitive Landscape

The bicycle tire market is highly competitive. Some of the key players in the market are Cheng Shin Rubber Ind Co., Ltd., The Goodyear Tire & Rubber Company, and Giant Bicycles among others. These players are expected to contribute prominent share in the global Bicycle Tire market, and have admired relationships with governments and bicycle manufacturing companies and other customers

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-3128

Bicycle tire Market

By Bicycle Type

• Mountain
• Hybrid
• Electric
• Comfort
• Youth
• Cruiser
• Road

By Product Type

• Tube Tire
• Tubeless Tire
• Solid Tire

By Tire Size

• Upto 12 inch
• 12 to 22 inch
• Above 22 inch

By Sales Channel

• OEM
• Aftermarket

By Region

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

Pre-Book Report@ https://www.futuremarketinsights.com/checkout/3128

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

 

As per a new report by Future Market Insights (FMI), the power liftgate market reached a US$ 2,741.9 Mn valuation in 2022, and is projected to display a strong 8.2% CAGR. Improvements in automation tech, and the rising popularity of retrofitting are expected to aid long-term developments in the industry.

While the market is expected to display a positive growth trajectory in the coming decade, prohibitive costs of configuration, and limited use in low and mid-range automobiles remain deterrents.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12888
Key Takeaways

• The size of the power liftgate market is estimated to reach US$ 2,547.0 Mn by the end of 2021, with investments into automotive automation technologies being the key factors aiding developments in the industry.
• Luxury passenger cars will remain the leading end-users of power liftgates, while commercial vehicles are expected to reflect steady growth on the back of higher levels of domestic trade and ecommerce.
• Semi-automatic versions of power liftgates reflect relatively higher, albeit declining market share, owing to improvements in recent years in terms of automation technologies including AI and IoT.
• North America, followed by Europe, are lucrative markets for power liftgates, driven by strict emission regulations and the presence of leading automobile market players.

“Rising demand for reliability and comfort in driving experience and the growing value of the luxury vehicles segment around the world are key factors driving the demand for power liftgates. Manufacturers are pushing for improvements in terms of temperature and shock resistance, which will aid growth in the long-term,” said a lead FMI analyst.

Covid-19 Effect on Power Liftgate Market

Lockdown restrictions have affected production activities. Also, restrictions on trade have disrupted supply chains for raw materials and components. Concerns in terms of workforce shortage and finances will also remain important for the duration of the crisis. Changes in consumer spending behavior have impacted automotive sales, which in turn has hurt the demand for power liftgates. Recovery is likely to be gradual, owing to economic uncertainties and the largely non-essential nature of automotive components for the near future.

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-12888

Who is Winning?

In its new report, FMI has covered essential data on key business strategies that have been gaining traction in the power liftgate market. Market leaders have been focused largely on product development strategies, in addition to geographical expansion, especially considering the high potential of emerging economies.

Continental AG, Stabilus GmbH, Huf Hulsbeck & Furst GmbH & Co., Strattec Security Corporation, Brose Fahrzeugteile GmbH & Co., Johnson Electric Holdings Ltd., HI-LEX Corporation, VOXX Electronics Corp, Power-Packer Corporation, Magna International, Autoease Technology are some of the more prominent market players in the industry.

Pre-Book Report@ https://www.futuremarketinsights.com/checkout/12888

Key Segments

Sales Channel

• OEM
• Aftermarket

Vehicle Type

• Passenger Vehicle
  • Compact
  • Mid-sized
  • SUV
  • Luxury
• Commercial Vehicle

Product Type

• Automatic
• Semi-Automatic

Region

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, and Rest of Latin America)
• Europe (Germany, France, UK, Italy, Spain, Russia, BENELUX, Rest of Europe)
• East Asia (China, Japan, South Korea)
• South Asia & Pacific (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
• Middle East & Africa (GCC Countries, Turkey, South Africa, Northern Africa, Rest of 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
LinkedIn| Twitter| Blogs

 

Future Market Insights’ (FMI) recently published report on the global two wheeler suspension system market provides an unbiased yet exhaustive coverage on prevailing growth trends for the 2022-2030 forecast period. The study opines that the decline in demand for two wheeler suspension systems will be offset in the next couple of years due to growing preference toward personal mobility over public transport.

Despite COVID-19’s recessionary impact in the current year, manufacturers anticipate a surge in growth prospects, attributed to growing incidence of two-wheeler ownership, including scooters, bicycles and motorbikes. Hence, demand for suspension systems is likely to remain sustained in the remainder of the short-run forecast.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12780

Key Takeaways

• Global two wheeler suspension system market to register 4.9% value CAGR through 2030
• Mono shock rear suspension systems to surpass half-a-billion-dollar mark by 2022-end
• By vehicle type, motorcycle suspension systems to generate nearly 60% revenue by 2021
• Aftermarket sales to generate significant growth opportunities in the upcoming forecast period
• South Asia & Pacific to emerge as an attractive investment destination, with India emerging as a potential cash cow

“Increased investments in motorbikes due to their easy maneuverability and high fuel economy are anticipated to propel the two-wheeler suspension systems market forward, especially in emerging markets,” opines the FMI analyst.  

COVID-19 Impact Analysis

The COVID-19 pandemic has massively disrupted the global automotive industry, leading to major supply chain impediments and decline in production targets due to government imposed shutdowns. This has significantly impacted growth prospects for the two wheeler suspension system market.

However, recent months have proven favorable for market growth. In India, for example, wholesale dispatches from two-wheeler companies to domestic market expanded by 14% in September 2020, attributed to inventory refilling by OEMs in wake of stabilizing supply chains.

Likewise, production cycles across other markets are gradually reverting to normalcy. However, while growth is expected to remain positive, sluggishness is expected to prevail until 2021-end, as manufacturers grapple with addressing vast supply-demand disequilibria.

Competitive Landscape

The global two wheeler suspension system market is interspersed with the presence of numerous regional and global level players. Some prominent players include Showa Corporation, ZF Friedrichshafen AG, KYB Corporation, Endurance Technologies Limited, Gabriel India Limited, BMW Group, WP Suspension GmbH, Ohlins Racing, Duro Shox Private Ltd and Nitron Racing Shocks.

A combination of strategies, ranging from acquisitions, collaborations, capacity expansions and product launches characterize the aforementioned players’ expansion tactics. For instance, in May 2020, Endurance Technologies acquired a 100% stake in Italian company Grimeca for acquiring its braking solution business.

Around the same time, ZF Friedrichshafen AG closed its acquisition of WABCO in order to expand its commercial vehicle technology business, with the latter functioning as an independent unit of the company.

Regarding product development, WP Suspension GmbH announced the launch of its WP XPLOR 6500 Cartridge motorbike, equipped with a closed cartridge technology, providing reduced cavitation risk and high longevity to the ride.

We Offer tailor-made Solutions to fit Your Requirements, Request Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-12780

Key Segments

Product Type

• Telescopic Front Suspension
• Rear Suspension
• Mono Shocks
• Dual Shocks

Vehicle Type

• Motorcycles
• Scooters
• Mopeds

Sales Channel

• OEM
• Aftermarket

Region

• North America (U.S & Canada)
• Latin America (Brazil, Mexico & Rest of Latin America)
• Europe (Germany, Italy, France, U.K, Russia, Spain & Rest of Europe)
• East Asia (China, Japan & South Korea)
• South Asia & Pacific (India, Thailand, Indonesia, Malaysia, Oceania & Rest of South Asia & Pacific)
• Middle East & Africa (GCC, Turkey, Northern Africa, South Africa & Rest of MEA)

Direct Purchase of this Report@ https://www.futuremarketinsights.com/checkout/12780

Two Wheeler Suspension System Market- Report Scope

Attribute	Details
Forecast Period	2020-2030
Historical Data Available for	2015-2019
Market Analysis	US$ Mn for Value & Units for Volume
Key Regions Covered	North America, Latin America, Europe, South Asia & Pacific, East Asia, Middle East & Africa
Key Countries Covered	U.S., Canada, Mexico, Brazil, Germany, Italy, France, U.K., Spain, Russia, BENELUX, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Oceania, GCC, Turkey, Northern Africa & South Africa
Key Segments Covered	Product Type, Vehicle Type & Sales Channel
Key Companies Profiled	Showa Corporation, ZF Friedrichshafen AG, KYB Corporation, Endurance Technologies Limited, Gabriel India Limited, BMW Group, WP Suspension GmbH, Ohlins Racing, Duro Shox Private Ltd, Nitron Racing Shocks, Marzocchi Motor, K-Tech Suspension Limited, Progressive Suspension, Inc., TFX Suspension Technology and BITUBO Srl.
Report Coverage	Market Overview, Key Market Trends, Key Success Factors, Demand Analysis, Market Background, COVID-19 Impact Assessment, Segmental Analysis, Regional Profiling, Market Structure Analysis and Competitive Landscape
Customization & Pricing	Available upon Request

Key questions answered in the report

• How will the two wheeler suspension systems market grow until 2030?The global two wheeler suspension system market is expected to reach US$ 2.3 Bn by 2030, owing to increasing two-wheeler ownership across emerging countries. However, a substantial blip was registered due to COVID-19 in the wake of declining output
• What drivers are likely to underpin the market growth?Growing traffic congestion problems due to rising car ownership has led vehicle owners to investigate more cost and fuel-efficient personal means of transport, leading to burgeoning motorbike sales. This is uplifting prospects for two-wheeler suspension system sales
• Which is the most lucrative two wheeler suspension system market?South Asia & Pacific is expected to attract maximum investment, particularly across India as it is the world’s largest two wheeler market. Hence, prominent manufacturers are expected to glean maximum revenue out of the South Asian economic giant in the forthcoming forecast period

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 Automotive Wheel Bearing Aftermarket is set to witness an impressive growth rate of 4% over the forecasted years of 2022 to 2032. The Automotive Wheel Bearing Aftermarket size is anticipated to reach a valuation of around US$ 58.8 Billion by the end of year 2032 from the current valuation of US$ 39.75 Billion in 2022.

The worldwide growth of the automobile sector can be regarded as the major factor having a strong positive impact on the aftermarket for automotive wheel bearings. The manufacturing of passenger, luxury, commercial, and other types of cars is also increasing, which is causing a significant increase in demand for automobile wheel bearings across all nations.

Get Sample PDF Brochure: https://www.futuremarketinsights.com/reports/sample/rep-gb-12779

Ball bearings and taper roller bearings are the two bearing types often used in passenger automobiles. Additionally, they change based on the application and load. The heavy demands placed on a wheel hubs car are growing due to expanding transit volumes, improved performance, and altered driving habits.

On a different dimension, as automated driving systems are entirely controlled by sensors, there is a strong demand for automotive wheel bearing in this industry as well. As ball thrust bearings are often employed for low speed, non-precision applications, they are needed for mostly in agriculture and transport vehicles as typically these run comparatively at low speeds in the fields.

This type of automotive ball bearings support axial stresses in both directions when used in back-to-back pairs. The need for tapered roller bearings is also anticipated to increase more in the next years as the automotive sector is anticipated to expand.

Key Takeaways from Automotive Wheel Bearing Aftermarket Study

• The overall growth of the global automotive wheel bearing aftermarket is estimated to be around US$ 19 Billion over next ten forecast years ending in 2032, by following the global CAGR of 4%.
• According to the different end use applications of automotive wheel bearing, the segment with the fastest-growing vehicle type by far is the passenger automobile.
• As in automobile industry, there has been an impressive growth in demand for thrust bearings in last couple of years.
• On the basis of components, the automotive wheel bearing aftermarket is now led by tapered roller bearing, and this position is expected to hold during the projected period.
• South Asia and Pacific countries are the dominating markets for the sales of automotive wheel bearing with growing volume of automobile market.

Browse Detailed Summary of Research Report with TOC: https://www.futuremarketinsights.com/reports/automotive-wheel-bearing-aftermarket  

Competitive Landscape for the Global Automotive Wheel Bearing Aftermarket

Some of the well-known contact automotive wheel bearing aftermarket players are Federal – Mogul Corporation (Tennenco Inc.), Schaeffler AG, Mahle GmbH, Continental AG, The Timken Company, NSK Ltd., JTEKT Corp, NTN Corporation, Rheinmetall AG, NRB Bearings Ltd., Nachi – Fujikoshi Corp., MinebeaMitsumi Inc., and Wafangdian Bearing Group Corporation among others.

As the automotive market is well developed in almost all parts of the world so the automotive wheel bearing market is highly fragmented. Thus mergers and acquisitions are a very common feature in this sector. For instance, Drake Manufacturing Services. Co. LLC was bought by CW Bearings USA, Inc. in the year 2017. The business was able to join the Machine Tools sector thanks to the purchase.

Shortly after, the global market saw the acquisition of ABC Bearings Ltd., an Indian manufacturer of conical or tappered, circular or round roller bearings as well as slewing rings, by Timken India Ltd, which is a division of The Timken Company.

Key Segments

By Sales Channel:

• Original Equipment Supplier
• Independent Aftermarket

By Vehicle Type:

• Passenger Car
  • Compact
  • Mid-sized
  • SUV
  • Luxury
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Product Type:

• Ball Bearing
• Precision Ball Bearing
• Roller Bearing
• Tapered Roller Bearing
• Others

By Application:

• Front
• Rear

By Region:

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

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-12779

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. By Product Type Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Overview of Product Type vs Respective Application

3. Key Market Trends

3.1. Key Trends Impacting the Market

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

5. Global Automotive Wheel Bearing Aftermarket Demand Analysis 2017–2021 and Forecast, 2022–2032

5.1. Historical Market Volume (‘000 Units) Analysis, 2017–2021

5.2. Current and Future Market Volume (‘000 Units) Projections, 2022–2032

5.3. Y-o-Y Growth Trend Analysis

6. Global Automotive Wheel Bearing Aftermarket – Pricing Analysis

6.1. Regional Pricing Analysis By Sales Channel

7. Global Automotive Wheel Bearing Aftermarket Demand (in Value or Size in US$ Mn) Analysis 2017–2021 and Forecast, 2022–2032

7.1. Historical Market Value (US$ Mn) Analysis, 2017–2021

7.2. Current and Future Market Value (US$ Mn) Projections, 2022–2032

7.2.1. Y-o-Y Growth Trend Analysis

7.2.2. Absolute $ Opportunity Analysis

TOC continued..!

About FMI – Automotive and Transportation

The Automotive and Transportation division of FMI provides exclusive coverage and actionable insights about automotive and transportation industry encompassing automotive, aviation, shipping and marine, and railway sectors. Market findings and competition intelligence of OEM, aftermarket, services and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners and service providers in taking informed decisions and keeping them up-to-date with market behaviour.

Speak to our Research Expert: https://www.futuremarketinsights.com/ask-question/rep-gb-12779

Have a Look at Related Research Reports of Automotive Domain 

ASEAN Automotive Bearings Market Size : is currently valued at around US$ 925.5 Mn, and is anticipated to progress at a CAGR of 5.3% to reach US$ 1614.8 Mn by 2032.

Railway Bearing Market Trends : Bearings are mechanical elements that control the motion of the components they are attached to, allowing only the desired motion. In the operation of locomotives, due to the high torque involved, there is always a risk of a component moving away from its axis of rotation, the whole system.

APEJ Automotive Bearing Market Analysis : is valued at US$ 171 Bn. The market is likely to grow at a y-o-y of 4.94% y-o-y in 2022 to reach US$ 180 Bn.

Automotive Roller Bearing Market Forecast : used for supporting rotating shafts in mechanical equipment. Automotive roller bearings are simple tools which can be precision manufactured in mass production quantities.

Automotive Wheel Bearings Market Outlook : are also used to guide wheels and absorb axial and radial forces. There are mainly two types of automotive wheel bearings – roller bearings and ball bearings. Ball bearings are hardened spherical balls that decrease friction between moving parts. However, they offer low load carrying capacity as the area of contact is point only.

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

 

Future Market Insights (FMI) projects that the global railway bearings market will grow in value at a CAGR of 5.7% between 2020 and 2030.

According to the study, as governments invest significantly to improve railway infrastructure, demand for locomotive components, including railway bearings is likely to grow. Moreover, the availability of a wide range of railway bearings – such as cylindrical, tapered, angular contact, etc. – enables adoption based on diverse application-specific requirements.

Owing to the expansion of railway networks, there is a high demand for high-reliability and low-maintenance bearings that can withstand harsh physical conditions. According to the study, market players are directing their focus towards the innovation of advanced bearings. Manufacturers are coating bearings with ceramic or polymers to give insulation properties and are opting for other innovations.

Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8007

The report opines that the growth of the market will behold fluctuations during the COVID-19 pandemic owing to hindered operations in the railway sector. However, governments and private railway network operators are introducing policies and investments to cover lost revenue opportunities, and this is likely to alleviate the impact to an extent.

Key Takeaways

• The global railway bearings market is poised to surpass a valuation of US$ 4.5 Bn by 2030.
• Roller bearings will remain top-selling category, accounting for over 3/5th of market value through the assessment period.
• Based on application, the wheels segment will capture nearly half of global market value.
• By type of train, freight trains will account for over 40% of global value, ascribed to high spending by private freight rail network operators on timely maintenance and upgrades.
• The aftermarket segment will channel nearly 65% of revenue to the market owing to increased spending on aftermarket servicing.
• Europe will reign supremacy over the regional landscape, capturing around 2/5th of market share.
• East Asia, South Asia, and Pacific will cumulatively account for nearly 40% of global value, backed by soaring investments to develop railway networks.

“Market players are focusing on developing advanced yet cost-effective railway bearings that require minimal maintenance in order to build a loyal consumer base,” remarks FMI analyst.

COVID-19 Impact

COVID-19 pandemic is expected to adversely impact the growth of the market as operations in the railway sector, including maintenance and production, come to a screeching halt. Moreover, hampered productions and travel restrictions are decelerating the demand for railway bearings during the pandemic and the downtrend is likely to prevail through 2020.

However, governments are investing in the railway sector to lower the long-term impact. For instance, China’s Zhejiang provincial government increased its spending on railways in the first half of 2020 to cope up with the losses caused by COVID-19. Such initiatives will alleviate the impact to an extent.

Download PDF Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-8007

Key Segments

Product Type:

• Roller Bearing
• Ball Bearing
• Plain Bearing

Train Type:

• Very High-Speed Train
• Mainline Train
• Metro Train
• Freight Train
• Special Train

Application:

• Engine
• Wheel
• Interior
• Exterior

Sales Channel:

• OEM
• Aftermarket

Region:

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

Who is Winning?

Railway bearings manufacturers are focusing on developing innovative and cost-effective products and are entering strategic partnerships to achieve the same. On these lines:

• In March 2020, NSK Ltd. developed low maintenance, high-reliability gearbox bearings which can be used for large and small gears
• In September 2020, NSK Ltd. announced that its bearings found adoption in Japan’s Shinkansen bullet train.
• In November 2018, Russia based AB SKF, announced its partnership with Siemens, to improve railway reliability.

FMI’s report includes profiles of some of the most prominent names in the market including NSK Ltd., The Timken Company, JTEKT Corporation, National Engineering Industries Limited, Amsted Rail Company, NTN Corporation, Schaeffler Group, SKF AB among others.

Pre-Book Report@ https://www.futuremarketinsights.com/checkout/8007

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