The global electronic power steering market size is anticipated to reach a valuation of US$ 41,893.2 Mn in 2032, with the market growing at a  moderate CAGR of 5.2% from 2022 to 2032. By the end of 2022, the target market is set to reach an estimated US$ 25,234.0 Mn.

Key Takeaways:

Heightened demand for electronic power steering systems in large commercial automobiles strengthens market prospects.

On the basis of end-use, the automotive sector will contribute significantly to the market.

By type, the conventional steering segment will dominate the global marketplace.

The electronic power steering market in the Asia Pacific region will register a CAGR of 8% during the assessment period.

Europe’s electronic power steering market will grow at a CAGR of 3.95% during the forecast period.

The start-ups in this field are keen on product innovations and introducing novel technologies.

Increasing security concerns coupled with the surging competition with electronic, self-driving, or autopilot-enabled automobiles will boost the demand for the electronic power steering market during the forecast period.

An upsurge in regulatory standards and commitments connected to fuel-efficient technology, measures implemented by OEMs all around the world to lower the weight and complexity of their cars, and rising global vehicle supply are the major considerations that spur the growth of the electronic power steering market during the projected period.

In addition, rising awareness regarding technologically sophisticated automotive systems and the increasing acceptance of luxury vehicles with ADAS are bolstering the growth of the electronic power steering market. This factor further provides important prospects for market participants to develop their product portfolio and increase their consumer base.

Moreover, benefits associated with the target product such as customizable power, fuel efficiency, excellent steering, minimal pollution, and assisting in reducing vehicle weight facilitate the growth of the target market. Again, the choice of a proper steering design provides vehicle stability and maneuverability in any terrain. Hence, the market for electronic power steering is still expected to grow at a rapid and steady rate of 5.2% during the forecast period.

“Rising awareness of the product-related advantages along with heightened demand from the auto industry will likely propel the global growth of the electronic power steering market over the forecast period,” says an FMI analyst.

For more information: https://www.futuremarketinsights.com/reports/electronic-power-steering-market

Competitive Landscape

Robert Bosch Automotive Steering GmbH, Mitsubishi Electric Corporation, ZF Friedrichshafen Group, Nexteer Automotive, NSK Global, JTEKT Corporation, SHOWA Corporation, thyssenkrupp Presta AG, Mando Corporation, Hyundai Mobis, Zhuzhou Elite Electro-Mechanical Co. Ltd., among others are some of the major players in the electronic power steering market profiled in the full version of the report.

Leading market players are focusing on product innovation and new investments to increase their product portfolio. These businesses are adopting strategic mergers and acquisition tactics to gain a competitive edge.

More Insights into Electronic Power Steering Market Report

In its latest report, FMI offers an unbiased analysis of the global electronic power steering market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of electronic power steering (EPS) type (column assisted electronic power steering (C-EPS), pinion assisted electronic power steering (P-EPS), rack assisted electronic power steering (R-EPS), electronic hydraulic electronic power steering (EHPS)), application (light motor vehicles (LMV), passenger cars, heavy motor vehicles (HMV), agricultural tractors, special utility vehicles (cranes, sports cars, earth moving, military vehicles)), and region.

According to the latest FMI reports, based on segmentation, the automotive sector will dominate the global electronic power steering market as an end-user. In terms of type, the conventional steering segment is continuously enhanced due to the transforming dynamics of the sector and many updates are made to this due to the introduction of self-driving cars.

Based on region, the electronic power steering market in the Asia Pacific region will present substantial growth during 2022-2032. The target market in this region will expand at a robust CAGR of 8%. Owing to the presence of high-volume markets and escalating adoption of electronic and fuel-efficient technologies in commercial vehicles, the target market will observe high demand in this region. Apart from Asia Pacific, Europe is anticipated to demonstrate notable growth in the electronic power steering market during the forecast period.

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

Key Takeaways from Market Study

Europe holds the biggest market space for the automotive fasteners market and is anticipated to hold its ground during the forecast period, with 26% of the share attributed to the sales of commercial vehicles such as passenger cars and electric buses.

North America has the second largest space in the global automotive fasteners market, while its growth is owing to advancements in electric vehicle and their higher adoption with a 16% global share.

The automobile companies such as General Motors and Ford are making the USA a significant country in the region of North America.

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

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

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

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

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

Competitive Landscape:

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

Key Companies Profiled

Permanent Technologies, Inc.

Phillips screw company

Westfield Fasteners Limited

com Inc.

Atotech Deutschland GmbH

Stanley Engineered Fastening

PennEngineering

Shanghai Tianbao Fastener Manufacturing Co., Ltd.

Jiangsu Xing Chang Jiang International Co., Ltd.

Shamrock International Fasteners

Birmingham Fastener, Inc.

Sundram Fasteners Limited

For more information: https://www.futuremarketinsights.com/reports/automotive-fasteners-market

Key Segments in The Automotive Fasteners Market

By Material:

Iron

Aluminum

Brass

Nickel

Stainless steel

Plastic

By Characteristics:

Removable

Semi-permanent

Permanent

By Types:

Threaded

Nuts

Screws

Rivets

Studs

Non threaded

Snap rings

Clips

By Coating:

Passivated coating

Cadmium coating

Dry film lube coating

By Distribution Channel:

OEM (Original Equipment Manufacturers)

Aftermarket

Recent Market Development

The Amphenol Corporation and Illinois Tool Works companies announced an agreement that ITW acquire the MTS corporation system test with the closing of the acquisition of Amphenol.

Atotech Deutschland GmbH has announced the acquisition of J-KEM International (“J-KEM”) company, which is based in Rosersberg, Sweden. J-KEM is a leading global supplier of high-quality chemical products and processes that are used for the printed circuit board and general metal finishing industries. J-KEM’s customer relationships and strong technology have helped Atotech to expand its market and drive its growth soon.

Bulten AB launched its new industry in China to increase the supply chain. The company is likely to develop in-house forming, surface treatment, and heat treatment processes to produce high-quality fasteners in the country.

The locomotive wiring harness market is estimated to be valued US$ 4,366.50 million in 2023 and US$ 7,388.20 million by 2033, growing at a 5.4% CAGR from 2023 to 2033.

A locomotive wiring harness is a set of wires and connectors that are used to transmit electrical power and signals between various components of a locomotive. These components can include the engine, the cab, the lights, the brakes, and other systems.

The wiring harness typically consists of several different wires, each of which is color-coded to indicate its function. For example, red wires may be used to carry power to various components, while green wires may be used to transmit signals from sensors to the locomotive's computer.

The connectors on a locomotive wiring harness are designed to be rugged and durable, able to withstand the vibrations and stresses of locomotive operation. They are often designed to be watertight or weatherproof, to prevent moisture or other contaminants from interfering with the electrical connections.

Rising Government Initiatives for Robust Transportation System to Boost Growth

The key factors driving market expansion for locomotive wiring harness are increasing urbanisation, increased demand for expanded public transportation services, and government efforts to modernise existing railway infrastructure to improve rail connectivity. Furthermore, the growing use of trains for transportation and logistics has increased demand for locomotive wiring harness.

The growing trend of autonomous trains, as well as the growing demand for energy-efficient wiring frameworks, is going to provide new growth prospects for the locomotive wiring harness market.

Market Restraint

The instability of raw material prices, corrosion concerns caused by changing weather conditions and malfunctioning of the wiring system operating under large loads, all contribute to the locomotive wiring harness market’s slow progress.

For more information: https://www.futuremarketinsights.com/reports/locomotive-wiring-harness-market

Market Segmentation – By Train Type

The high-speed rail and bullet train sectors are expected to experience significant growth. These are improved railroad train varieties that operate faster than other trains. To complete quickly, they combine a set of dedicated tracks with a specific arrangement of moving goods.

The development of the high-speed rail/bullet train segment is likely to increase, supporting the growth of the locomotive wiring harness market, due to its accuracy and capacity to quickly cover large geographic areas.

Most Rapidly Expanding Market: Asia-Pacific

Both developed and emerging economies are present in the Asia-Pacific region. The locomotive wiring harness market in these nations is anticipated to be driven by new rail projects for the replacement and maintenance of the current fleet as well as for urban passenger transit.

Asia-Pacific is predicted to experience the fastest development in the autonomous train market and has one of the largest rail networks globally. India, China, and Japan are among the nations with the longest rail lines.

Additionally, public transit is well-liked in many nations, particularly in India, where many people use the metro for everyday commuting. Due to this, the railway system is crucial to the economic growth of the Asia-Pacific region.

Key Takeaways

The German market share for locomotive wiring harness is 4.2% through 2033.

The market share of United States for locomotive wiring harness is 16.9% during the forecast period.

The Japanese locomotive wiring harness market share is 5.7% for the forecast period of 2023-2033.

The market share of Australia for locomotive wiring harness is 2.6% during the forecast period.

The Chinese market CAGR for locomotive wiring harness is 4.4% during the forecast period.

The market CAGR for India is 5.5% for the forecast period of 2023-2033.

The United Kingdom’s market CAGR for locomotive wiring harness is 2.3% through 2033.

Competitive Landscape:

Few companies dominate the market for locomotive wiring harness, including Hitachi Metals Inc., Schleuniger, TE Connectivity, Prysmian Group, and Samvardhana Motherson. Furkawa Electric, Komachine Co., NAC Corporation, APAR, and LECS (Lakshmi Electrical Control System Ltd) are among the other firms trailing the market's expansion.

Recent Development

Purchase

Motherson purchased the electrical wiring division of Bombardier in Huehuetoca, Mexico, in May 2021. The company has stated that it is going to purchase this asset for $10 million in September 2020 through its subsidiary Motherson Rolling Stocks (MRS).

The global automotive connectivity market demand is projected to register at a moderate-paced CAGR of 19% over the forecast period. The automotive connectivity market is currently valued at US$ 33.42 Billion in 2023. By 2033, demand for automotive connectivity is expected to reach a high of US$ 190.29 Billion.

Recent Developments in the automotive connectivity market include:

The London Electric Vehicle Company (LEVC) and Geotab, the industry leader in the Internet of Things and linked transportation, announced a new agreement in May 2022 to equip LEVC's electric TX taxi and VN5 van with cutting-edge fleet management technology.

For the purpose of creating a connected vehicle platform, Robert Bosch GmbH partnered with Mahindra & Mahindra in August 2021. This collaboration will aid in expanding and improving the logistics connectivity platform.

Ford Motor Company and Google struck a strategic collaboration agreement in February of 2021 to collaborate on the creation of new automotive connectivity service software. This collaboration will benefit Ford Motor Company's connected car division.

The demand for automotive connectivity is anticipated to rise as a result of factors like the introduction of strict safety standards, the rising popularity of high-end luxury vehicles, the advent of 5G infrastructure, autonomous vehicles, and the increasing prevalence of integrated connectivity.

Connected Car Industry is headed by the Installation of Cybersecurity Systems

One important automotive connectivity market trend is the increasing incorporation of cybersecurity solutions into automotive safety systems. Data has emerged as an increasingly important part of the automotive sector in recent years. When driving a "connected" vehicle, the user's smartphone is integrated with the car's infotainment system. There is a significant chance that the user's data, which may include personal and financial data, will be compromised. Google and Apple, two of the biggest names in tech, are working on cybersecurity software for cars to stop data theft. These apps are simple to use, keep tabs on the safety of the car, and alert the owner if an unauthorized person attempts to access the system from another device. For instance, DENSO collaborated with Dellfer on the creation of the ZeroDayGaurd 1.0 cybersecurity solution for the automotive industry.

Key Takeaways

Market analysts believe that the driver assistance subsector would grow at the highest rate during the next few years.

During the foreseen time frame, the 5G sub segment is expected to generate the most revenue. In order to improve the connectivity between vehicles and external devices, several telecommunications firms are working on the next-generation 5G networks.

The automotive connectivity market is predicted to improve as a result of a rise in demand for lightweight suspension systems and the development of innovative suspension systems.

Automotive manufacturer partnerships that showcase the benefits of connected parking are likely to accelerate its widespread adoption.

Competitive Landscape

Continental AG, Robert Bosch GmbH, Harman International Industries, Inc., DENSO Corporation, Airbiquity Inc., and Visteon Corporation are the most prominent players in the automotive connectivity market. Over the projection period, the connected features of automobiles are expected to become commonplace in emerging markets like China, India, etc., where original equipment manufacturers (OEMs) have begun including such technologies in their newest models.

For more information: https://www.futuremarketinsights.com/reports/automotive-connectivity-market

According to Future Market Insights (FMI), the automotive air intake manifold market is poised to reach US$ 52,813.4 Million by 2032 and register growth at 4.9% CAGR over the forecast period (2022-2032).

Market Landscape

The automotive air intake manifold market is identified to be consolidated, comprising market players such as Röchling SE & Co. KG, Marelli Holdings Co., Ltd., MANN+HUMMEL, MAHLE GmbH, and Donaldson Company, Inc. Market players forming supply contracts with local and regional automotive ancillaries are expected to drive market growth.

Furthermore, tie-ups between intake manifold manufacturers are fueling automotive air intake manifold market growth. Moreover, the continual dependency of local automotive OEMs on aftermarket sales will surge demand for automotive air intake manifold during the forecast period.

Automotive air intake manifold Market Projection

The rising trend among automakers to offer automotive air intake manifold as a mandatory component in their vehicles Passenger cars are one of the significant vehicle segments supporting the expansion. The sector is anticipated to benefit from expanding auto production and rising sales of sports, luxury, and high-end vehicles.

The global automotive air intake manifold market report offers noteworthy insights and analysis for the forecast period of 2022-2032. The report includes macroeconomic factors, regional pricing analysis, market dynamics, value chain analysis, market value, and volume analysis, emerging market trends, important stakeholders, a list of manufacturers and distributors, an industry roadmap for the last five years, channel partners, and strategies deployed by market players to gain a competitive edge.

A push for personal mobility, demand for comfort and safety, preference for premium features and advanced safety is expected to drive the demand in the market. Further, continuing evolution of automotive technology, including driver assistance technologies, and automated driving systems are expected to facilitate the growth in the market.

Further, key players are aiming to deliver even more significant safety benefits and meet the increasing demand for fuel-efficient vehicles. Rising demand for road transportation and growing government intervention in promoting sustainable production of vehicles is likely to propel market growth.

The material technologies in the automotive air intake manifold have significantly changed, with cast iron, aluminum, and composite plastics. The rising wave of new material technologies, such as nylon 6,6 composite material and impact-resistant plastic, are creating significant potential for automotive air intake manifolds to evenly distribute the combustion mixture to each intake port in the cylinder head, which optimizes the efficiency and performance of the engine.

Rising demand for high-speed racing cars, and stringent regulations to use light-weight materials to improve vehicle maintenance, such as aluminum and advanced composites in passenger cars and commercial vehicles, are critical factors attributed to the automotive air intake manifold market.

For more information: https://www.futuremarketinsights.com/reports/automotive-air-intake-manifold-market

Key Takeaways from Market Study

By material type, the aluminum is estimated to account for the highest share of more than 49% in terms of value in 2022.

On the basis of vehicle type, the passenger and sport cars will dominate the market creating an incremental opportunity of nearly US$ 15,199.8 Mn from 2022 to 2032.

By sales channel, OEM is set to account for more than 89% of the global automotive air intake manifold market.

Based on manifold type, the dual plane segment is expected to register fastest growth over the forecast period.

The U.S. is expected to spearhead the growth in automotive air intake manifold market during the evaluation period.

Japan and Korea are expected to vanguard the sales in East Asia automotive air intake manifold marke through 2022 & beyond

“For better performance and volumentric efficiency of the vehicle, demand for automotive air intake manifold market is expected to surge. Further, with growing production of sustainable and fuel-efficient vehicles, manufacturers are predicted to boost the production of automotive air intake manifold and gain competitive edge”, says a Future Market Insights analyst.

The global electric vehicle motor market size is worth US$ 8.68 Billion as of now and expected to reach US$ 18.09 Billion by the year 2032 at a CAGR of 8.5% between 2022 and 2032.

Electric vehicles are being increasingly asked for due to strict government regulations regarding carbon emissions. As per the European Climate Foundation, employment, with the expansion of electric vehicles, would cross 850K by the year 2030. Thus, increasingly adopting high-performance motors in the electric vehicles is bound to take the electric vehicle motor market to a new ‘High’ in the forecast period.

At the same time, high maintenance costs coupled with higher initial costs on the part of electric motor are bound to restrain the market going forward.

Though there are complexities involved, the electric vehicles are helpful in the long run. As renewable energy resources are depleting, electric vehicles are a good alternative. Electric vehicle motor market is an ancillary market to electric vehicles market. With exorbitant demand for electric vehicles, the electric vehicle motor market is expected to grow on an unstoppable note in the years to come. Future Market Insights has etched these findings with future perspectives in its latest market study entitled “Electric Vehicle Motor Market”.

Key Takeaways from Electric Vehicle Motor Market

North America holds the largest market share with the US alone contributing for more than 90%. This data, however, pertains to the year 2021. It could lose 162 BPS points by the year 2032, which would take its share to 89.7%.

Europe is expected to witness a CAGR of 20.1% in electric vehicle motor market in the forecast period with Germany expected to witness growth 6 times in 2032 to the year 2022. Luxury electric vehicles are expected to rule the roost.

Coming to the Asia-Pacific, China is expected to create a lucrative opportunity worth US$ 86.5 Bn between 2022 and 2032. The government has also started giving subsidies to facilitate the proliferation of electric vehicles.

AC motors holds the largest market share and the status quo will continue even in the forecast period due to stronger grip provided on the bumpy routes.

“With environmentally-friendliness being the top priority, the electric vehicle motor market is bound to grow at an astounding rate in the forecast period”, says an analyst at Future Market Insights.

For more information: https://www.futuremarketinsights.com/reports/electric-vehicle-drive-motor-market

Competitive Motors

Mabuchi Motors, in June 2021, declared finishing 100% acquisition of Electromag SA for CHF 0.1 Mn or US$ 0.11 Mn.

Wolong Electric, in March 2020, did acquire small industrial motors’ business of GE for US$ 160 Mn with the objective of helping it to obtain a significant position in the market.

Nidec Corporation, in February 2020, tabled 2 novel traction motor systems; viz 50 kW Ni50Ex and 200 kW Ni200Ex based on original 150 kW E-Axle (100% integrated traction motor system encompassed with a reduction gearbox, an electric motor, and an inverter).

WEG, in October 2019, installed LV electric motor plant in Hosur (India). This new-fangled 13K square meter facility holds the capability of manufacturing 250K electric motors/year.

Allied Motion Technologies, in May 2019, came up with EnduraMax 75i Series, brushless DC motor comprising an all-digital integrated drive. The application areas include AGV vehicle traction/steering, rotary/linear actuators, medical patient-handling equipment, mobile HVAC blowers, pumps, and material handling systems.

ABB, in March 2019, floored stainless steel motors to address food and beverage plants. This motor is capable of forbearing high pressure spray with complete compatibility with the high standards.

TECO Westinghouse (Canada), in January 2018, announced entering into new distribution partnership with Westech Industrial for gaining access to uncharted and new markets all over Canada.

What does the Report Cover?

Future Market Insights offers an exclusive perspective and various real-time insights on the electric vehicle motor market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.

The research study is based on product type (AC and DC), by power (up to 100 kW, 101-200 kW, and above 200 kW), and by EV type (HEV, BEV, and PHEV).

The global electric vehicle battery market is estimated to develop at a robust CAGR of 8.5% from 2022 to 2032. The target market will reach a valuation of US$ 18.09 billion in 2032, rising from US$ 8.68 billion in 2022. The market for electric vehicle batteries is strongly influenced by surging fuel prices, increasing use of lithium-ion batteries, and growing sales of hybrid/ electric vehicles. Technology advancements and an evolving automotive industry further aid the expansion of the electric vehicle battery market during the forecast period.

Key Takeaways:

Supply chain disruptions and harmful manufacturing processes are factors that may hinder the growth of the electric vehicle battery market.

By vehicle, the passenger car segment will generate the most demand for the market and grow at a CAGR of 9%.

Based on vehicle technology, the hybrid electric vehicle category accounts for a substantial portion of the market. This segment will gain traction due to its twin-powered engine and electric motor which reduces fuel consumption.

Asia Pacific electric vehicles battery market will prove to be highly remunerative owing to the expanding automobile sector in this region.

The electric vehicle battery market in Europe will grow rapidly over the assessment period due to the commissioning of several mega factories in the region.

Competitive Landscape

LG Chem Ltd, BYD Company Limited, Panasonic Corporation, Tesla Motors, Inc., Samsung SDI Co, Ltd, and Narada Power Source Co., Ltd, among others, are some of the prominent players in the electric vehicle battery market profiled in the full version of the report.

Leading market players are focusing on product upgradation and development as well as the release of new products. These companies are adopting novel chemistry techniques and engaging in various organic and inorganic business strategies to enhance their market footprints.

For more information: https://www.futuremarketinsights.com/reports/electric-vehicle-battery-market

With numerous governments across the world promoting the use of electric or hybrid vehicles, the prospects for the electric vehicle battery market are strong over the upcoming years. Hybrid or electric vehicles make use of alternative or sustainable fuels which are necessary for environmental preservation and aid with emission control. This environmental-friendly factor prompts governments all over the globe to foster the growth of electric vehicles which, in turn, augurs well for the electric vehicle battery market.

The sustainability drives are encouraging more and more consumers to opt for electric vehicles as they are financially and environmentally friendly. Densely populated countries like India and China are leaning towards alternative fuels due to the low availability of fuel, high prices, and low per capita income. As a result, there’s a notable growth in the demand for electric vehicles which augurs well for the electric vehicles battery market.

The introduction of enhanced and powerful batteries that have a longer shelf life and exhibit better performance also spurs the growth of the electric vehicle battery market. Further, the growing awareness of the advantages ofelectric vehicle batteries such as low running costs, cost-effective maintenance, and no tailpipe pollution also aids the market growth. With constant product upgradation and the launch of innovative products, consumers have a wide range of choices which bodes well for the overall market growth. Other factors like high fuel prices, troubling socio-political conditions, and increasing innovations further aid the growth of the electric vehicle battery market during the projection period.

More Insights into Electric Vehicle Battery Market

In its latest report, FMI offers an unbiased analysis of the global electric vehicle battery market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of battery type, vehicle technology, vehicle type, battery capacity, and region.

According to the same reports, based on segmentation, the passenger car vehicle type segment will dominate the global marketplace. In terms of vehicle technology, hybrid electronic vehicle technology will contribute substantially to the overall market growth. Based on region, the electric vehicle battery market in Asia Pacific will assume the lead in the international space with the ownership of a sizable portion of the market share. Rising fuel prices, environmental concerns, and expanding automotive sector are responsible for the growth of the Asia Pacific electric vehicle battery market. Europe, too, will aid the global growth of the electric vehicle battery market.

The automotive headliner market size is projected to be valued at US$ 19,391.9 Mn in 2023 and is expected to rise to US$ 30,695.1 Mn by 2033. The sales of automotive headliner market are expected to grow at a significant CAGR of 4.7% during the forecast period.

Key Takeaways from the Automotive Headliners Market

Passenger cars to dominate the segment with 84.3% share in global market.Automotive headliners play an important role in providing an attractive interior design for various passenger vehicles in order to attract customers in a competitive marketplace.

The synthetic cloth segment will dominate the material segment with share of over 23.21%. As synthetic fabrics are versatile and long-lasting, they are a popular choice for automotive interiors and among manufacturers.

Germany is set to grow at 6.4% by 2033 due to the favorable policies by European Union's in implementing strict emission regulations and focusing on reducing the kerb weight of vehicles.

The rising mergers and collaborations as well as the expansion in headliners manufacturing facilities among eminent manufacturers in U.K would lead its market growth trajectory to 4.3% by 2033.

S. to dominate the revenue share with 15.3% contribution in the global markets. U.S.had witnessed high sales in sports and luxury vehicles due to growing disposable income and high availabilities.

India would be the most lucrative market among other regions with a growth trajectory of 5.3% by 2033. Growing vehicle manufacturing facilities and high emphasis on vehicle safety and standards shows an opportunistic prospect for Indian market.

Rising demand for passenger vehicles, strict government regulations or initiatives encouraging the use of lightweight designed auto parts are the major factors proliferating market growth.

Rising demand for advanced and high-quality interior design or styling within vehicles, have all contributed to the growth of the automotive headliner market.

In the long run, advances in the development of sustainable/Eco-friendly materials for automotive applications, as well as increased investments in electric vehicle development, are expected to increase demand for automotive headliners.

For more information: https://www.futuremarketinsights.com/reports/automotive-headliner-market

Furthermore, the growing trend of improving vehicle interior cabin appearances while maximising passenger comfort, rising demand for luxury or premium vehicles, and investments in autonomous vehicles will drive demand for automotive roof headliners in the coming years.

Automobile headliner suppliers have increased opportunities to supply enormous volumes of products and benefit from economies of scale, which will increase OEMs' reliance on suppliers for growth.

The rising trend of adopting innovative technologies with concern of environment facilities would provide immense opportunities for market to grow.

Competitive Landscape

Continental AG, Magna International Inc., Denso Corporation, Faurecia, Adient, and others are key automotive interior market participants. The automotive interiors market is likely to face competition in the coming years as a result of various strategies used by major product manufacturers to gain a competitive advantage, such as focused research and development activities, new product developments, acquisitions, and so on.

Latest Developments in the Automotive Headliner Market

Oracle Lighting introduced the new StarLINER ColorSHIFT Fiber Optic hardtop headliner in October 2020. The product is intended for use in the Gladiator JT and Warngler JL vehicle models.

International Automotive Components (IAC Group) announced the expansion of its presence in the United Kingdom in July 2019. This will be accomplished by expanding the headliner manufacturing facility in Elmdon.

SEAT will reveal Ku-Fizz, a novel physical foam technology for automotive headliners that reduces the weight of plastic components, at its 2nd Innovation Day in November 2020, as part of an initiative to increase sustainable materials in the automotive sector.

According to Future Market Insights' most recent market estimate, the automotive DC-DC converter market is worth US$ 782.4 million in 2023. A CAGR of 33.4% is anticipated in the market during the forecast period.

Recent Developments in the Market

In May 2021, TDK Corporation (TDK) declared a partnership with Contemporary Amperex Technology Co, Limited (CATL) to broaden its product lines, which now include DC-DC converters and electrical parts for electric vehicles. CATL purchases products from TDK in the automotive electrical and power supply categories for use in automotive power units.

With the introduction of a new DC/DC converter by Vitesco Technologies in February 2021, high-voltage vehicles can now also provide energy to the heating discs of the electrically heated EMICAT catalyst.The unique e-catalyst offers the lowest emissions during actual operation, which is increasingly important in light of upcoming requirements like Euro 7.

Now, a newly developed DC/DC converter transforms the high voltage of the drive system into low voltage and power for the heating disc.

The automotive DC-DC converter market is anticipated to soar to new heights as a result of rising fuel prices and the growing trend toward electric automobiles. These vehicles are popular on the market since they help cut down on vehicle emissions.

The demand for high-performance, low-emission vehicles is rising, and government regulations on vehicle emissions are becoming more stringent. These factors are some of the factors driving the sales of automotive DC-DC converter

Automotive DC-DC converter manufacturers have been forced to expand their selection of products as a result of the increase in sales of commercial vehicles. For instance, Ford created a pickup truck that is all electric and is predicted to have a 300-mile operating range.

Ford had initially planned to develop a hybrid powertrain, but the company has now changed its mind and now prefers a fully electric truck. The F-150 electrified went on sale in 2022. The expansion of the automotive DC-DC converter market is attributed to the growing electrification of the automotive industry across all geographies and countries.

Sales of electric vehicles surged significantly during the pandemic, despite the fact that the automobile industry faced major difficulties during that time. Due to the technologically superior, environmentally friendly components that are included in electric vehicles, their initial cost is more than that of gasoline-powered engines, but their ongoing costs are cheaper.

Moreover, the Asia-Pacific region is predicted to have a significant share of the market throughout the forecast period due to expanding vehicle production and the growing focus that major governments are putting to the electrification of vehicles.

For more information: https://www.futuremarketinsights.com/reports/automotive-dc-dc-converter-market

Key Takeaways

The automotive DC-DC converter market is likely to have a CAGR of 33.4% during the forecast period.

Historically, the automotive DC-DC converter market had a CAGR of 22.8% between 2018-2022.

The value of the automotive DC-DC converter market is expected to be US$ 13,962.9 million by 2033.

Based on propulsion type, the PHEV segment has a 64.1% share in the automotive DC-DC converter

The US dominates the automotive DC-DC converter market with a share of 12.9% by 2033.

During the forecast period, the automotive DC-DC converter market in China is likely to showcase a CAGR of 26%.

Competitive Landscape

Automotive DC-DC converter vendors who rely heavily on established markets for their sales must successfully reinvent their product lines in order to ensure low environmental impact and well-designed digital features.

Some of the major key players in the market are Robert Bosch GmbH, Denso Corporation, Toyota Industries Corporation, Delta Electronics, Continental AG, Tesla, Hella GmbH & Co. KGaA, Hyundai, Honda, BorgWarner Inc, Ford, and Vicor Corporation.

The global automotive brake system market demand is expected to reach a valuation of US$ 29,548.6 Mn in 2032, with sales growing at a stellar CAGR of 16.9% from 2022 to 2032. Scaling up from an estimated value of US$ 6,113.2 Mn in 20222, the target market is likely propelled by the surge in consumer demand and the heightened spending on automobiles.

Key Takeaways:

Low awareness and price volatility of the raw materials may impede the market growth.

Increasing traffic accidents stimulate the market growth during 2022-2032.

The automotive brake system market in Europe will account for 29.7% of the market share.

North America’s automotive brake system market holds 24.8% share of the global market.

All braking systems apply the force of friction in order to function. Friction resists the relative movement of the bodies that are in touch with each other. The force of friction relies upon the properties of surface materials in contact as the friction force pushes them together to attain a braking impact. Owing to the escalation in road traffic accidents, this braking motion is crucial in automobiles.

Thus, the automotive brake system market is expected to register considerable growth over this observation period. The automotive industry will experience bright market prospects in both developed and developing economies as governments across the world are implementing strict regulations for vehicular safety.

Moreover, the introduction of smart braking systems in the automotive brake system market has led to a decline in the number of accidents. The latest improvements in this market protect vehicles from skidding which lessens the risk of accidents. The swift rise in the production and sales of vehicles along with the implementation of strict mandates regarding stopping distances and other vehicular safety rules will likely be major contributors to the growth of the target market during the forecast period.

“Increasing emphasis on road safety coupled with increased consumer spending on automobiles will likely spur the global growth of the automotive brake system market over the forecast period,” says an FMI analyst.

For more information: https://www.futuremarketinsights.com/reports/automotive-brake-system-market

Competitive Landscape

TRW Automotive Holdings Corp., Aisin-Seiki Co. Ltd., Continental AG, Akebono Brake Industry Co. Ltd., Brembo S.P.A., Halla Mando Corp., and others are some of the major players in the automotive brake system market profiled in the full version of the report.

Leading market players are focusing on product innovation and development so as to cater to the increasing consumer demand. These businesses are also keen on new product releases, partnerships, and collaborations to gain a competitive advantage.