Automotive

Global Retread Tire Market: Introduction

Tires that are repaired and retreaded with the help of suitable tread compounds to receive suitable mileage are known as retread tires. Tires gradually wear down due to road travel. The part of tire which wears down is known as tire tread. However, the casing of the tire does not get affected to a great extent while travelling on roads. The tread of the tire can be replaced and this replacement allows the vehicle to run with full potential. This provides economic advantage to the vehicle’s owner and also ensures that the tires are not discarded impulsively. As a matter of fact, significant cost reduction can be attained using retread tires as the cost of a remolded tire is 30%-50% lower than that of a new tire. The retread tire market is anticipated to witness significant transitions in terms of demand. The global retread tire market is anticipated to witness increasing investments from tire manufacturers. On the other hand, fluctuations in raw material prices may act as a hampering factor and cause fluctuating market growth. Since, oil is a key raw material used for tire retreading, any fluctuations in oil prices are capable of causing fluctuations in retread tire market growth.

Global Retread Tire Market: Dynamics

The low cost of retreaded tires is one of the key factors uplifting the retread tire market growth. This growth is further being boosted by the robust growth of the transportation sector. Moreover, tire retreading is an eco-friendly solution and hence, it is being supported by various regulating bodies. Additionally, continuous growth in vehicle parc is another factor which will upsurge replacement requirements for tires. Large fleet owners prefer tire remolding to ensure cost effectiveness. All of these factors will positively affect the growth of the global retread tire market.

Global Retread Tire Market: Segmentation

The global retread tire market can be segmented on the basis of tire position, production method, vehicle type and region.

On the basis of tire position, the global retreated tire market can be segmented into:

• Drive Axle
• Trailer Axel

On the basis of production method, the global retreated tire market can be segmented into:

• Pre cure
• Mold Cure

On the basis of vehicle type, the global retreated tire market can be segmented into:

• Passenger cars
• Light Commercial Vehicles
• Heavy Trucks & Buses
• Off-road vehicles
• Commercial Aircrafts

On the basis of region, the global retreated tire market can be segmented into:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• South East Asia and Pacific (India, ASEAN, Australia & New Zealand)
• China
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Global Retread Tire Market: Regional Outlook

In terms of demand, Asia Pacific is expected to account for highest sales in the global retread tire market during the projected period. This is mainly due to the robustly increasing vehicle sales in the region and growing vehicle parc. China, India and ASEAN are expected to hold major stakes in the overall retread tire market. Moreover, North America is anticipated to be the next big market after Asia Pacific in the global retreat tire market due the favorable regulatory environment and enhanced adoption of retread tires, which will build new growth verticals in this region. The North America market is expected to experience high demand for retread tires due to growth in commercial aircrafts. Furthermore, Europe is anticipated to be next big market followed by North America in the global retreated tire market -- EU5 countries are projected to hold a leading share in the market throughout the forecast period.

Global Retread Tire Market: Market Participants

Names of some of the manufacturers engaged in the manufacturing of retread tires in the global retread tire market are:

• Bridgestone Corp.
• Compagnie Generale des Etablissements Michelin SCA
• Valley Tire Company
• Parrish Tire Company
• TreadWright
• REDBURN TIRE COMPANY
• Oliver Rubber Company
• The Goodyear Tire and Rubber Co.
• Marangoni S.p.A
• Michelin North America Inc.

Air Brake Market: Introduction

Air brakes are a type of brake system which use compressed air to stop vehicles. Air brakes are predominantly used for stopping large and heavy vehicles. Air brakes can be used as three different braking systems: service brakes, parking brakes and emergency brakes. Moreover, air brake systems consist of many components, such as air compressor, air compressor governor, air storage tanks, air tank drains, safety valve and the brake pedal. Furthermore, most of the heavy-duty vehicles use the dual air brake systems for safety. A dual air brake system has two separate air brake systems and uses a single set of brake controls. Air brakes can either be a disc or drum, which can be coupled with the ABS (anti-lock braking system) technology to improve the efficiency of the braking system. Usually, air brakes are used in place of conventional hydraulic systems in areas where there is requirement for high mechanical braking force over long distances and simplified connections and components. There are braking systems available in the market space which incorporate both air as well as hydraulic systems for improved braking performance. Furthermore, manufacturers of air brakes are constantly focusing on downsizing air brake systems alongside improving their performance characterizes, this is expected to open new horizons for the augmentation of the air brake market in the coming years.

Air Brake Market: Dynamics

The air brake market is directly dependent on vehicle production across the globe. With increasing vehicle production, the demand for advanced braking systems is expected to ramp up in the coming years. This is expected to promote the growth of the air brake market over the forecast period. Moreover, manufacturers are focusing on introducing advanced technology air brakes coupled with electronic systems, such as ABS and ESC, among others. This is expected to further boost the growth of the air brake market over the coming years.

Furthermore, the air brake market is being affected by stringent government regulations to reduce the stopping distance and curb brake shoe residue. This has forced air brake manufacturers to design brake systems. They are compact in size and have improved performance characteristics which comply with government regulations, this is expected to further create opportunities for the augmentation of the air brake market over the coming years. This factor coupled with increasing preference for automotive safety and the numerous steps taken towards improving it will further increase the demand of improved braking systems across the globe.

The concept of regenerative braking is gaining traction across the automotive industry. Manufacturers are focused on formulating new technologies which will amalgamate air brakes with regenerative braking technology. This is expected to further augment the air brake market in the coming years. However, combining air brakes with electronic braking systems will certainly increase the cost of the overall system by a considerable amount. This can have a negative impact on the growth of the air brake market over the coming years.

Air Brake Market: Segmentation

On the basis of brake type, air brake market can be segmented into:

• Disc Brakes
• Drum Brakes

On the basis of Vehicle type, air brake market can be segmented into:

• Passenger Cars
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Air Brake Market: Regional Outlook

Air brakes are predominantly used in heavy commercial vehicles. In terms of production, Asia Pacific leads the global air brake market in terms of production of heavy commercial vehicles. Owing to this, the Asia pacific region is expected to dominate the global air brake market in the coming years. Moreover, MEA and Latin America regions are expected to witness stable growth in the air brake market in the coming years. This is expected to supplement the growth of the air brake market in the region over the coming years. Europe, Japan and China are expected to drive the air brake market, this is expected to set the tone for significant growth in the air brake market in the coming years.

Air Brake Market: Key Participants

Some of the key participants identified across the value chain of the air brake market are:

• Knorr-Bremse AG
• WABCO
• Haldex Europe SAS
• Bendix Commercial Vehicle Systems LLC
• Minda Nabtesco Automotive (P) LTD.
• Anand Group
• SORL Auto Parts, Inc.
• Fricción y Tecnología, S.A. de C.V.
• Brakes India Limited
• Airmaster Brake Systems
• YPS Global Otomotiv ?ç ve D?? Ticaret A.?.
• YUMAK Air Brake Systems

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust 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 (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Rest of Western Europe)
• Eastern Europe (Poland, Russia, Rest of Eastern Europe)
• South East Asia & Pacific (Thailand, Malaysia, Philippines, Singapore, Indonesia, Australia and New Zealand, Rest of South East Asia & Pacific)
• Japan
• India
• China
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides 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.

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

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

Automotive Powertrain Components Market: Introduction

An automotive powertrain is mainly responsible for the transfer of power from the transmission to the wheels. The automotive powertrain consists of many components including drive shafts, differentials, CV joints, U joints and axle shafts. All these when assembled are known as the powertrain of the vehicle. The selection of the type of automotive powertrain component depends on the type of vehicle and the power output of the engine. Furthermore, the type of automotive powertrain components to be selected also depends on the type of drive -- if it is a rear-wheel drive, front-wheel drive, four-wheel drive or the less common eight-wheel or six-wheel drive. Numerous lightweight materials have been introduced to reduce the weight of such automotive powertrain components and aluminum is one such material which is gaining popularity in the automotive powertrain components market. Automotive powertrain components are designed in such a way that they can incorporate a wide range of operating temperatures, high shock resistance and vibrational strength, high reliability and long term stability. These components are usually sold through two sales channels, these include: OEM and aftermarket. With advancements in technology, the key manufacturers are focusing on manufacturing lightweight automotive powertrain components with improved performance characteristics. This is expected to create opportunities for the augmentation of the automotive powertrain components market in the coming years.  

Automotive Powertrain Components Market: Dynamics

The growth of the automotive powertrain components market shares is directly dependent on the sales of automotive vehicles across the globe. With increasing disposable income of the population across the globe, the demand for passenger cars and other automotive vehicles as means of local commute is expected to increase significantly in the coming years. This is expected to positively affect the growth of the automotive powertrain components market in the coming years. Furthermore, the demand for automatic transmission has increased significantly and the rising trend of downsizing engine and reducing fuel consumption is expected to increase the demand of automotive powertrain components to cater to the advancing demands from the automotive industry.

The need for enhanced traction capabilities coupled with increased towing and acceleration capabilities in vehicles has increased considerably to increase the maneuverability of the vehicle in uneven terrains. This is expected to further boost the lightweight automotive powertrain components market to improve the performance of transmission systems, simultaneously promoting the growth of the automotive powertrain components market.

Moreover, stringent government regulations for reducing carbon dioxide emissions has increased the emphasis of manufacturers to increase the efficiency of the overall powertrain systems. This is expected to further boost demand in the automotive powertrain components market to accommodate these regulations and to improve the performance of vehicles.

However, high investment cost associated with powertrain systems is expected to somehow derail the growth of the lightweight automotive powertrain components market in the coming years. Furthermore, counterfeit automotive powertrain components in the market put extra baggage on the OEMs to offer the same product at a much reduced price, simultaneously squeezing the profit margins of the manufacturers.

Automotive Powertrain Components Market: Segmentation

On the basis of vehicle type, the global automotive powertrain components market can be segmented into:

• Passenger Cars
• Heavy Commercial Vehicles
• Light Commercial Vehicles

On the basis of drive type, the global automotive powertrain components market can be segmented into:

• Front Wheel Drive
• Rear Wheel Drive
• All-Wheel Drive

On the basis of engine type, the global automotive powertrain components market can be segmented into:

• Diesel
• Gasoline

Automotive Powertrain Components Market: Regional Outlook

The adoption of all-wheel drive vehicles is more in North America. This coupled with increasing preference for luxury and comfort cars will increase the demand in the advanced technology automotive powertrain components market. Asia pacific is expected to create immense growth opportunities in the coming years, this can be attributed to the increasing sales of vehicles in the region and increasing purchasing power of the population in the region. The Chinese government has launched various initiatives to promote the manufacturing of vehicles in the country, which will further create opportunities for the augmentation of the automotive powertrain components market. Europe is benefitting from the presence of numerous key manufacturers in countries, such as Germany, etc. Presence of numerous players in the region further increases the opportunities of augmentation of the automotive powertrain components market in the coming years.

Automotive Powertrain Components Market: Key Players

Some of the key players identified across the value chain of the Automotive Powertrain Components market are:

• Eaton Corporation
• Convertech, Inc.
• RSB Group
• American Axle & Manufacturing Holdings, Inc.
• IFA Rotorion - Holding GmbH
• Dana Incorporated
• GKN plc
• Guansheng automobile parts manufacture co., ltd.
• NEAPCO
• NTN Bearing Corporation
• Shou Chi Industry Co.
• Zhejiang Feizhou Vehicle Industry Co ,.Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust 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 (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Rest of Western Europe)
• Eastern Europe (Poland, Russia, Rest of Eastern Europe)
• South East Asia & Pacific (Thailand, Malaysia, Philippines, Singapore, Indonesia, Australia and New Zealand, Rest of South East Asia & Pacific)
• Japan
• India
• China
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides 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.

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

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

Automotive Pressure Plate Market: Introduction

The pressure plate is an essential component of the clutch system in automobiles. A pressure plate is a spring loaded device that can either engage or disengage the clutch disc and flywheel. It bolts into the flywheel. The clutch disc fits in between the flywheel and the pressure plate. There are basically two type of pressure plates -- the diaphragm type and the coil spring type. The manufacturers of automotive pressure plates ensure that these plates have high temperature resistance properties along with considerable stress limits. Furthermore, the focus is also being put on the research and development of compact automotive pressure plates so as to downsize the clutch system. The type of automotive pressure plates to be used usually depends on the type of vehicle and the type of clutch system installed in the vehicle. Usually, automotive pressure plates are only used with friction clutches, which may be either single plate, multi plate or cone clutches. Moreover, pressure plates are usually manufactured either using cast iron or stainless steel. With growing automotive industry across the globe, the demand of automotive pressure plates is expected to ramp up in the coming years, thereby creating significant opportunities for augmentation of the automotive pressure plate market during the forecast period.

Automotive Pressure Plate Market: Market Dynamics

The automotive pressure plate market is directly dependent on the sales of automotive vehicles across the globe. With increasing disposable income of the population across the globe, the demand for passenger cars and other automotive vehicles as means of local commute is expected to increase significantly in the coming years. This is expected to increase the demand in the automotive pressure plate market in the coming years. Furthermore, the cost associated with manual clutches is fairly less as compared to that associated with automatic clutches. This is expected to further give a positive boost to the automotive pressure plate market in the coming years.

Increasing demand for high power vehicles coupled with increased acceleration and traction capabilities is expected to increase the demand for highly efficient powertrains in vehicles. This is expected to drive the demand for compact automotive pressure plates in the automotive pressure plate market in the coming years.

However, the popularity of automatic transmission is increasing across the globe. This can be attributed to increasing preference for enhanced driving comfort. Moreover, the fuel efficiency of automatic clutch transmission systems is higher than that of manual clutches. This has further increased the preference for automatic transmission. This is one of the prime reasons which might hamper the growth of the automotive pressure plate market. Furthermore, electric vehicles are gaining popularity across the globe. However, the applicability of manual clutches in electric vehicles is very less. This factor, again, is capable of hampering the growth of the automotive pressure plate market during the forecast period.

Automotive Pressure Plate Market: Segmentation

On the basis of product type, the automotive pressure plate market can be segmented into:

• Coil Spring Type
• Diaphragm Type

On the basis of clutch type, the automotive pressure plate market can be segmented into:

• Single plate friction Clutch
• Multiplate friction Clutch
• Cone Clutch

On the basis of vehicle type, the automotive pressure plate market can be segmented into:

• Passenger Car
• Light Commercial Vehicles
• Heavy Commercial Vehicles

On the basis of Sales Channel, the automotive pressure plate market can be segmented into:

• OEM
• Aftermarket

Automotive Pressure Plate Market: Regional Outlook

Asia Pacific is expected to dominate the automotive pressure plate market in the coming years. This can be attributed to the expected increase in the fleet of the vehicles in the region due to the growing middle class population and thereby, demand. Furthermore, the demand of luxury vehicles is increasing significantly in the North America market. However, the preference for automatic transmission has also increased in the region. This may somehow have a negative impact on the sales in the automotive pressure plate market in the coming years. Furthermore, the adoption of automotive pressure plate is also expected to increase in MEA region owing to growing preference for low cost manual clutches.

Automotive Pressure Plate Market: Key Players

Some of the key players identified across the value chain of the automotive pressure plate market are:

• MACAS Automotive
• MK AUTO Group
• Setco Automotive Limited.
• Apls Automotive Industries Pvt. Ltd.
• Makino Auto Industries Pvt. Ltd.
• ASK Automotive Pvt. Ltd.
• Valeo Friction Materials India Private Limited
• GOLDEN Precision Products Pvt. Ltd
• SASSONE SRL
• Raicam Clutch Ltd
• California Custom Clutch Corporation
• RSM Autokast Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust 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 (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Rest of Western Europe)
• Eastern Europe (Poland, Russia, Rest of Eastern Europe)
• South East Asia & Pacific (Thailand, Malaysia, Philippines, Singapore, Indonesia, Australia and New Zealand, Rest of South East Asia & Pacific)
• Japan
• India
• China
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides 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.

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

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.

Automotive Closures Market: Introduction

Automotive Closures are automobile parts that come with a complex and characteristic arrangement and facilitate various movements, such as opening and closing, sliding etc.  Automotive parts, such as bonnets, back doors, side doors, sunroofs, sliding doors, windows, hoods and fuel doors are also referred to as automotive closers. Previously the closures were mechanically operated. However, increasing research and developments in the automobile industry have led to the integration of electronics in automotive closures, thereby leading to the development of novel product solutions. Electronics has overtime evolved into the most crucial part of an automobile. Integration of electronics has provided new growth dimensions to the automotive safety systems. With the advancing closure technology, integration of electronics into closure systems is expected to open new grounds for the growth of the market. Manufacturers, these days, are feeling compelled to decrease the overall weight of automobile components to bring down the overall weight of automobiles, which will eventually decrease carbon emission to below the acceptable limit. Moreover, it will also lead to increase in efficiency of vehicles. So, R&D is being carried out in this field to develop more efficient and lighter electronic automotive closures with optimum work life and effectiveness. The companies in the closure market are extensively focusing on R&D to form an integrated closure system which complies with all the safety standards and at the same time, also help in increasing vehicle efficiency, comfort as well as fuel efficiency by lowering the weight of the mechanism. All of these factors will aid the growth of the automotive closures market during the forecast period.

Automotive Closures Market: Market Dynamics

The main factors behind the growth of the automotive closures market is the expansion in the automobile sector and the fact that major players across the globe are enhancing their production capacity. R&D is being carried out to optimize the operations of automotive closures as well as decrease the weight of vehicles, which will eventually increase their efficiency and work life. Also, growing focus of automobile manufacturers on vehicle weight reduction without compromising quality will increase the demand in the power automotive closures market.  Apart from this, automotive closures are an integral part of the structure of an automobile, and hence, the development of automobile sector will also add to the growth of the global automotive closures market.

Automotive Closures Market: Market Segmentation

• On the basis of source type, the Automotive Closures market can be segmented as follows:
  • Manual
  • Powered
• On the basis of vehicle type, the Automotive Closures market can be segmented as follows:
  • Electric Vehicle
  • Passenger vehicle
  • Light commercial vehicle (LCV)
  • Heavy commercial vehicle (HCV)
• On the basis of the product type, the Automotive Closures market can be segmented as follows:
  • Bonnets
  • Doors
  • Windows
  • Sun roof
  • Rear hatch
  • Fuel door

Automotive Closures Market: Regional Outlook

Europe holds a major share in the global automotive closures market owing to the presence of major OEM players in the region. Europe is followed by North America. However, Asia Pacific is expected to show robust growth in the automotive closures market during the forecast period owing to increase in income levels/ per capita income of the general population of the countries in this region coupled with lower concentration of vehicles as compared to developed economies. Also, initiatives taken by governments in countries, such as India and China, will promote manufacturing, which, in turn, will add to the growth of the automobile market, which in turn, will impact the growth of the automotive closures market. Europe, North America and the Asia Pacific regions are expected to hold more than half of the total share in the global automotive closure market. Rest of the world is estimated to account for a relatively small share in the Automotive Closures market.

Automotive Closures Market: Market Participants

Some of the market participants operating across the value chain of the global Automotive Closures Market are:

• Continental AG
• Magna International Inc
• Johnson Electric
• Robert Bosch GmbH
• Aisin Seiki. Co. Ltd.
• Ford Motor Company
• General Motors
• Toyota Motor Corporation
• Volkswagen AG
• Honda Motor Company, Ltd.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust 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 (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides 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.

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

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights

Motorcycle Monoshock Suspension Market: Introduction

A suspension is an integral part of a motorcycle, an attachment used to minimize shock impulse which is created while driving on uneven surfaces. Among various types of motorcycle suspensions, monoshock absorbers are one of the major focus areas in the motorcycle sector. Motorcycles with only one shock absorber are called mono shock motorcycles. The monoschock absorber is placed ahead of the rear axle at the center of the bike. Previously, mono shock absorbers were used in racing bikes – they can easily operate even in extreme conditions. However, now they have style statement and are known for the comfort they provide, hence come fitted in international production models.  Motorcycle monoshock suspension also helps in attaining better control over the motorcycle while riding, by allowing the rider to fine tune the machine. It improves the handling of the motorbike while moving over a rough surface as all the forces are focused at one point load, enabling the motorcycle to remain stable even at higher speeds. The major function of a shock absorber is to keep the tires in contact with the road surface, thereby increasing control. Also, owing to its structural advantage, the monoshock suspension eliminates the torque. It is easy to adjust as well. The performance of a motorcycle with a monoshock suspension is much superior to that of motorcycles incorporated with twinshock absorbers. Attributing to the operational benefits, these shock absorbers are not only used in the automotive industry but also find applications in various processing as well as manufacturing industries. All of these factors will aid the growth of the motorcycle monoshock suspension market.

Motorcycle Monoshock Suspension Market: Dynamics

The growth of the motorcycle monoshock suspension market can be attributed to the rising demand for motorcycles. Growth in demand for two-wheelers has significantly supported the expansion and production in the motorcycle industry. Research and Development is being done to enhance the mechanism, design and arrangement of shock absorbers, which is further driving the motorcycle monoshock suspension market towards growth in terms of innovations. In the motorcycle monoshock suspension market, OEMs hold a larger market share owing to the application of motorcycle mono-shock suspension in all high-end motorcycles. Attributing to this, the motorcycle monoshock suspension market is expected to witness healthy growth during the forecast period.

However, various factors such as high cost of ownership and maintenance, comparatively low load carrying capacity and lower average work life can restraint the growth of the motorcycle monoshock suspension market during the forecast period.  Also, extensive availability of sub-standard products in motorcycle monoshock suspension market is one of the major challenges associated and is expected to restrain the growth prospects of this market. The growing trend of repair rather than replace in the Motorcycle Monoshock Suspension market, due to the high cost involved, is also expected to be a key restraining factor in the aftermarket. However, the current trend to use better technology equipment for improved results will contribute towards the growth of the motorcycle monoshock suspension market during the forecast period.

Motorcycle Monoshock Suspension Market: Segmentation

• On the basis of sale channels, the Motorcycle Monoshock Suspension market can be segmented as:
  • Aftermarket
  • Original Equipment Manufacturer (OEM)
• On the basis of the type of motorcycle, the Motorcycle Monoshock Suspension market can be segmented as:
  • Standard
  • Cruiser
  • Sports bikes
  • Others

Motorcycle Monoshock Suspension Market: Regional Outlook

Latin America, followed by Eastern Europe, holds a major share in the global motorcycle monoshock suspension market. This is primarily due to the large working-class population for which a motorcycle is an affordable and practical means of conveyance. Asia Pacific is expected to show significant growth in motorcycle monoshock suspension market during the forecast period and remain a dominant market owing to increased production and sales of motorcycles. Also, due to general preference for motorcycles due to the low maintenance and low cost involved is also expected to drive the aftermarket of motorcycle monoshock suspension market. Also, government initiatives to increase manufacturing and attractive policies to attract foreign direct investments in countries, such as China and India, will boost the motorcycle manufacturing industry, which will significantly contribute towards the growth of global motorcycle monoshock suspension market during the forecast period. However, in developed countries, such as Western Europe and North America, preference for four-wheelers is higher than preference for two-wheelers and thus, these regions will hold a relatively small share in the motorcycle monoshock suspension market. Rest of the world is estimated to account for a relatively small share in the motorcycle monoshock suspension market.

Motorcycle Monoshock Suspension Market: Market Participants

Examples of some of the market participants operating across the value chain of the global Motorcycle Monoshock Suspension market are:

• Öhlins Racing
• SKF Group
• Nitron Racing Shocks
• WP-Group
• Hagon Shocks Limited
• Honda Motor Co., Ltd.
• Robert Bosch GmbH
• Endurance Technologies Limited
• TFX Suspension Technology
• MH Suspension Ltd

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust 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 (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides 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.

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

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights

Automotive Laser Lighting Market: Introduction

The technology for automotive lighting started off as a primitive and low cost solution for providing illumination inside and around a car. It started out with the use of incandescent lamps that were bulky and hot and consumed large amounts of battery power. Then the transition happened, wherein developers capitalised on LED, HID and Xenon technologies for lighting purposes. These technologies offer better illumination, consume less power and are more reliable than incandescent lamps. Pushing the boundaries even further, automotive laser lighting came into foray with BMW i8 electric vehicle as the Launchpad for such technology. Automotive laser lighting is a step ahead of other lighting systems as it possesses higher illumination range, which aids in ensuring safety without compromising the power requirements. Coherence of laser lighting also makes it an attractive prospect for the manufacturers to tap into, thereby benefitting the growth of automotive laser lighting market. From the perspective of electric vehicles, automotive laser lightings are particularly advantageous owing to the fact that they consumes less electricity.

Automotive Laser Lighting Market: Dynamics

In addition to vehicle production being the major driver for the automotive laser lighting market, penetration of this technology in vehicles is also increasing owing to the dominance of LED and other forms of lighting in the market today. The automotive laser lighting market is still in its nascent stage and hence, in the current market scenario, it has registered only single digit penetration rate. Numerous high end flagship models manufactured by various automakers come factory fitted with such lighting systems. This is improving the sales revenue of the automotive laser lighting market. Aftermarket options are also likely to widen in the upcoming years owing to increasing activities pertaining to customization, which can aid in the growth of the automotive laser lighting market. On the contrary, complexity and high price of systems can act as a roadblock to the growth of the automotive laser lighting system market. Moreover, overarching domination of LED lighting can also hinder the growth of the automotive laser lighting market during the forecast period.

The focus on manufacturing and utilization of electric vehicles has never been as high as it is now. Consumption of electric power by laser lighting systems is comparatively lower than LED systems and hence, electric vehicle manufacturers are likely to look forward to implementing automotive laser lighting in their models. Players operating in the automotive laser lighting market majorly belong to the organised segment owing to the high cost of raw materials, complexity of systems and is still in its development stages.

Automotive Laser Lighting Market: Segmentation

The automotive Laser Lighting market can be segmented on the basis of product type, application, vehicle type and distribution channel.

By product type, the automotive Laser Lighting market can be segmented into:

1. Breathable cover
2. Non-Breathable cover

By application, the automotive Laser Lighting market can be segmented into:

1. Head lights
2. Tail lights
3. Others

By vehicle type, the automotive Laser Lighting market can be segmented as:

1. Passenger cars
2. Light Commercial Vehicles
3. Heavy Commercial Vehicles

By distribution channel, the automotive Laser Lighting market can be segmented as:

• Original Equipment Manufacturers (OEM)
• Aftermarket

Automotive Laser Lighting Market: Regional Outlook

North America, Europe and Asia Pacific take up the majority of the share in the global production, surpassing other regions by a large margin. However, installation rate must also be taken into consideration as it differs from region to region. The automotive Laser Lighting market in North America and Europe will witness higher installation rate owing to higher demand for luxury cars while this may not be the case in Asia Pacific market as customers in the region usually opt for low-end cars with basic features. Nevertheless, the automotive Laser Lighting market in the above regions is expected to grow at a slow pace during the first half of the forecast period and will eventually pick up during the second half. The market in Latin America and other emerging regions will depend on the performance of the automotive laser lighting market in developed regions. Hence, the market in these regions will pick up steam once the market in developed regions has attained maturity.

Automotive Laser Lighting Market: Participants

Examples of some of the players actively involved in automotive Laser Lighting market are:

• OSRAM Licht AG
• Magneti Marelli S.p.A. (Automotive Lighting)
• Audi AG (Developer)
• BMW Group (Developer)
• Zizala Lichtsysteme GmbH (Developer)
• SLD Laser

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust 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 (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides 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.

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

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights

Frame Machines that can Handle Heavy Loads Gaining Traction

Emerging trends in the automotive industry and dynamic consumer demand for passenger cars and SUVs continue to influence the automotive frame machines market. Demand is also impacted by evolving demand for SUVs and trucks. Considering the growing preference towards SUVs, demand for heavy-duty frame machines has increased.

The key areas of focus for manufacturers include pulling force per tower, deck design for the positioning of its optional accessories, and simultaneous multiple pulling. Furthermore, automotive frame machines with self-leveling decks are also gaining traction among manufacturers. Frame machines that include drive-on ramps, made of both tubular and stainless steel platforms, are witnessing high demand in the automotive frame machines market. In a bid to improve the durability of their products, manufacturers are focusing on incorporating heavy duty construction and coating their products with powder finishes.

A growing number of M&A activities in the automotive aftermarket is creating opportunities for market players to own an existing automotive service franchisee. Key participants in the automotive aftermarket are leveraging growth opportunities in the industry by acquiring smaller auto repair service shops, which may influence the demand for automotive frame machines in the near future. For example, Icahn Enterprises L.P. – an American conglomerate and parent company of Icahn Automotive Group LLC – recently acquired American Driveline Systems, which is a franchisor of auto repair and service shops, with over 680 locations in North America. The company also acquired Precision Auto Care Inc. – a franchisor of over 250 auto service stores in the U.S.

With the acquisitions, leading automotive aftermarket companies are growing their automotive service center network to provide superior automotive services to customers. By adopting aggressive strategies to strengthen their automotive repair capabilities, automotive aftermarket companies are making heavy investments in advanced auto service tools. Increasing number of acquisitions of small- and medium-size auto repair businesses can make a positive impact on the growth of the automotive frame machine market.

Small Auto Service Businesses Rely on ‘Financing’ to Procure New Equipment

Auto service and repair centers have also been influenced by the broader transformations in the automotive industry. Growing electrification, use of novel manufacturing materials, and growing integration of technology has meant that auto service companies have had to quickly adapt to the status quo. The adaptation is not only related to training the workforce, but also procuring advanced equipment that is suitable for carrying out repairs efficiently. Procurement of advanced equipment remains a challenge for small auto repair centers, and this has increased their reliance on financing companies.

Small Repair Centers Prefer Leasing Over Buying

In addition to the dependence on financing, small automotive repair centers continue to prefer the option of leasing over buying. This enables these repair centers to afford these machines as per their requirements without having to worry about upfront costs and maintenance.

Overall, the outlook on automotive frame machines market remains positive, and key market participants can expect a steady stream of opportunities to emerge in this market. However, considering the broader developments in the automotive industry, manufacturers and repair centers will need to be nimble so that they can adapt to the changing status quo.

Growth of the Tire Industry to Influence the Nitrogen Tire Inflators Market

Post the great recession, the automotive industry has witnessed some positive changes with the growing production and sales of automobiles. Increasing demand for personal cars and other types of automobiles is creating ample of opportunities for tire manufacturers for realizing production efficiencies and automotive safety. Capitalizing on the increasing automotive production, tire manufacturers in the world are investing in technologies to improve performance parameters of tires they manufacture. Also, increasing concerns about drivers’ safety are encouraging manufacturers to make improvements in various factors such as traction of tires and wear resistance. Growing automotive demand in Europe is influencing the developments of the Europe tire industry. It accounted for the imports of worth € 10.9 billion and exports of worth € 10.2 billion in 2016.

Increasing trends of maintaining fuel efficiency of automobiles are leading the focus of consumers towards the efficiency and inflation pressure of tires. Owing to the considerable benefits of nitrogen tire inflation, the nitrogen tire inflators market is expected to witness healthy growth in the upcoming years. Also, as tire inflated with nitrogen exhibit more traction and help to get more mileage per petrol tank. Attributing to the numerous advantages of inflating automotive tires with nitrogen, the number of dealers in the nitrogen tire inflators market has increased significantly. The consumer expectations of getting an access to nitrogen for inflating tires at any shop signifies the growth of the nitrogen tire inflators market.

Severity of Tire-related Accidents and Removal of Spare Tires Will Encourage the Use of Nitrogen Tire Inflators

According to WHO (the World Health Organization), over 1.25 million people succumb to death as a result of road accidents every year, and over 20-50 million people suffer minor or non-fatal injuries. The WHO predicts that road traffic crashes are likely to become the seventh leading cause of death in the world by the end of 2030. Taking into account the role played by unsafe vehicles in road accidents, various UN regulations and standards are boosting consumers and manufacturers to focus on tire performance parameters such as traction and inflation. Many countries in European Union have established their own tire standards to reduce road accidents caused due to unsafe vehicles. Various tire-related regulations imposed by government organizations are boosting the use of nitrogen inflators, driving the growth of the nitrogen tire inflators market.

AAA (the American Automobile Association, Inc.) recently stated that it receives over 4 million calls about flat tires each year. More than one-third of the 2015-vehicles do not have a spare tire. Despite the improvements in tire technologies and introduction to the tire pressure monitoring systems, AAA receives the same number of calls related to flat tires. As a result, AAA stated that the use of tire inflator kits may continue to substitute bulky spare tires in automobiles. Also, with the stringent regulations and needs to comply with fuel efficiency standards, automakers are boosting the use of nitrogen tire inflators. It is likely to accelerate the growth of the nitrogen tire inflators market in the upcoming years.

Technological Advancements to Trigger the Trend of Product Innovation in Nitrogen Tire Inflators Market

As various technologies such as RFID (radio-frequency identification) and sensors are shaping the tire industry, the nitrogen tire inflators market is witnessing the adoption of advanced technologies. Innovative trends in the tire industry, such as the emergence of tubeless tires, are making a significant impact on the manufacturing strategies of market players in the nitrogen tire inflators market. MilKit, a leading tire manufacturing company, recently launched a portable tire inflator for tubeless tires, which are cheaper than air compressors. Milwaukee Electric Tool Corporation, another market player in the nitrogen tire inflators market, introduced a cordless tire inflator that can deliver faster, easier, and more accurate inflation. PCL, a leading manufacturer in the nitrogen tire inflators market, introduced a nitrogen generator with built-in inflator using the digital inflation technology. The company states that this generator and inflator unit can automatically inflate around four tires at the same time. The innovative products introduced in the nitrogen tire inflators market are likely to be influenced by the recent advancements in technologies.

Growing Number of License Holders and Increasing Purchase of Vehicles to Craft Novel Growth Opportunities

Poor road construction in various countries has resulted in continuous episodes of tire punctures and flat tires. Unpredictable tire damage can cause on-road accidents and delay in work. Banking on the growing requirements of the individuals, major automotive manufacturers are narrowing their focus towards equipping their vehicles with robust quality tires. Multiple instances of unpredicted tire punctures, tire damages, and worn out tires has led to the growing need for replacing tires among customers.

According to a recent survey conducted, 16.4% of the global population holds a driving license. With the increased purchase of vehicles across various regions, demand for automatic tire changer will continue to intensify in the automotive industry. Growing need to replace damaged, flattened, and worn out tires has further broadened growth opportunities for the other equipment manufacturers (OEMs) across countries.

Leading Companies to Leverage Innovative G-Frame Technology and Lever-less Tool Heads to Influence Customer Purchase Decision

Exposure to rough road surfaces can lead to unpredictable tire damages and tire punctures. With the growing need to replace the damaged and worn out tires in the vehicles, leading manufacturers are focusing on developing automatic machines that offer convenience to the customers. For instance, a leading French manufacturer, SICAM is diverting their investments towards equipping their vehicles with robust tire quality and leveraging innovative technology such as G-frame technology in the automatic tire changer that offers enhanced stability and optimum force distribution while replacing the tires.

In addition, a global leader in alignment systems, tire services, and wheels, Hunter Engineering Company is mainly focused towards incorporating innovative designs and features in the automatic tire changing machines. The company is concentrating on developing fully-automatic tire changers that are equipped with powered press arms, lever-less tool head, and space saving wheel lift features. Also, major manufacturers such as Bosch are focusing on developing pneumatic tilting column tire changers that offers maximum speed performance and improved durability.

3D Stereo Camera, Sensor Heads, Hexangular Shaft: Manufacturers to Focus on Broadening Product Line for Quick and Convenient Replacement Services

As changing tires for individuals of various age groups can be comparatively difficult, major automotive manufacturers are concentrating on incorporating intelligent and smart features that offer speed, convenience, and safety to the individuals. For instance, Bosch is directing its investments towards developing a range of automatic tire changers that are equipped with 4 sensor heads, smart link lift features, and 3D stereo cameras. These smart features incorporated in the automatic tire changers enable the end-user industries to accurately, quickly, and conveniently replace automotive tires.

Also, prominent manufacturers such as Precision Testing Machines is concentrating on integrating innovative features in the automatic tire changers such as self-centering four jaw chucks, hexangular shaft, and a powerful bead breaker. With the incorporation of these features in the automatic tire changers, the company is focusing on broadening their product profile to expand their customer base. Through incorporating of intelligent and innovative features, major manufacturers are focusing on improving their position in the competitive market.

Key Companies Focus on Developing Innovative and Novel Product to Improve their Customer Touch Point and Sustain Lead

In order to sustain their lead in the competitive market, prominent manufacturers are concentrating on engaging in product innovation and product launches. For instance, a prominent manufacturer in Italy, FASEP is concentrating on developing super automatic lever-less tire changers in order to offer effective and accurate tire changing solutions. With the incorporation of the lever-less features in the automatic tire changer systems, the company is focusing on offering convenient and quick solution to the end-users.

In addition, a leading manufacturer, Artigilo Master is focusing on incorporating smart Corghi system technology in the automatic tire changers to offer technologically-immersive experience to the end user industries. With the incorporation of smart Corghi system technology, the end users can conveniently demount and mount the automotive tires without coming in contact with the rim. Further, integration of this technology lowers the tire pressure while replacing the damaged tires in the vehicles. Through product innovation and launch leading manufacturers are focusing on expanding their customer touch point and improving their position in the competitive market.

Bosch, SICAM, Hunter Engineering Company, Artigilo Master, and Mantec are some of the leading manufacturers identified in the global automatic tire changer market.