Automotive components and materials have radically transformed over the years due to the stricter emission norms and improvement in vehicle performance and engine efficiency. Innovative manufacturing technologies have supported ....see more
The automotive plastic additives market is projected to grow at a CAGR of 6.52% during the forecast period, to reach USD 8.58 Billion by 2022. Rising demand for lightweight vehicles across the ecosystem have fueled the growth of the automotive plastic additives market globally. The growing trend of EVs is also a major factor that has contributed to the growth of this market. The electrification of vehicles in emerging countries such as China and India is driving the market for automotive plastic additives. The use of plastics in electric vehicles is more as compared to passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). The electrification of vehicles is increasing due to the lightweight of plastics and to cope with the stringent emission regulations. The report covers all the major players in the Automotive Plastic Additives Market that includes companies such as BASF SE (Germany), ExxonMobil Corporation (U.S.), Covestro AG (Germany), The Dow Chemical Company (U.S.), Sabic (Saudi Arabia), and Akzo Nobel N.V. (Netherlands) among others.
The automotive aftermarket for top 10 components is projected to grow at a CAGR of 7.75% from 2016 to 2021, to reach a market size of USD 302.64 Billion by 2021. The major factors responsible for growth are growing vehicle parc, increase in average life of a vehicle, rising miles driven per year and emergence of new distribution channels. Tires is the largest segment globally, in terms of value. Tires are replaced once they are driven for a fixed set of kilometers or miles. Thus, the replacement or aftermarket for tires becomes an important segment for the automotive tire market. The aftermarket for tires is led by the radial tires segment.
The automotive window and exterior sealing systems market, in terms of value, is projected to grow at a CAGR of 7.07% from 2016 to 2021. The market is estimated to be USD 18.26 Billion in 2016, and is projected to reach USD 25.69 Billion by 2021. This increase is triggered by various factors which covers various aspects, like need for transportation ignited by increase in urbanization which leads to demand for vehicle that results in increase in demand of sealing systems.
The global automotive gears market is projected to grow at a CAGR of 6.1% from 2015 to 2020. The global automotive gears market is estimated to be at USD 28.47 Billion in 2015 and is projected to reach USD 38.27 Billion by 2020. Asia-Pacific is the largest market for automotive gears, followed by North America and Europe. Automotive gear market of China is projected to grow at a CAGR 8% for the forecasted year. Whereas automotive gear market by value of U.S is projected to 7% for 2015 to 2020. Growth in this market is powered by the increasing vehicle productions, Enhanced driving experience in terms of smooth gear shifting & improvement in acceleration, and increase in installation of automated parts in automobile.
The automotive rubber molded components market is driven by increased adoption of lightweight materials in automobiles and the increasingly stringent emission, safety, and fuel economy norms. The automotive rubber molded components market, in terms of value, is projected to grow at a CAGR of 5.20% from 2015 to 2020, to reach a market size of USD 40.5 Billion by 2020. The study segments the automotive rubber molded components market on the basis of components, material type, vehicle type, and region.
The automotive composite materials market size, by value, is projected to grow at a CAGR of 12.94% from 2015 to 2020, and reach USD 11.26 Billion by 2020. The report considers 2014 as the base year and 2015 to 2020 as forecast period. The report segments the automotive composite materials market into different materials types, namely, polymer matrix composites (PMC), metal matrix composites (CMC), and ceramic matrix composites (CMC).
This report classifies and defines the global bearing market in terms of volume & value. This report provides comprehensive analysis and insights on the global bearing market for both - qualitative and quantitative. It highlights the potential growth opportunities in the coming years as well as it covers review of the - market drivers, restraints, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects related to the global bearing market. The global automotive bearing market, in terms of value, is projected to grow at 186.4 Billion USD and CAGR of 5.8% from 2015 to 2020
A balance shaft is designed to rotate and vibrate in a way that reduces the vibration produced by an engine. Balance shafts are commonly used for engine refinement. Four cylinder engines use a tow shaft, which turns in opposite directions on either side of engine’s crankshaft. A single balance shaft is used in three cylinder and V6 engines. The automotive balance shaft market size is projected to grow at a CAGR of 6.15 % from 2015 to 2020 to reach $9,854.7 Million in 2015.
The global market value for spark plugs and glow plugs is projected to reach $ 2,804.83 Million and $1079.47 Million respectively by 2019. The market in terms of value for spark plugs is estimated to be the largest in the Asia-Oceania region, which holds a market share of about 46% in 2014. China is the major contributor to the growth of spark plugs in the Asia-Oceania region. The global demand for spark and glow plugs is propelled by the increasing number of vehicles across the globe, and the upcoming stringent fuel efficiency and emission norms. North America holds the second position in the market for spark plugs as this region has the majority of gasoline vehicles. The major contributor to the market in the North American region is the U.S., which has the largest production of gasoline LCVs. This justifies the huge demand for cold spark plugs that are used in high-performance engines. Europe is estimated to be the largest market for glow plugs, followed by Asia-Oceania. This is because the region has the second largest number of diesel vehicles in the world.
The market for coolant and lubricant is very huge and is anticipated to increase rapidly in terms of value at a CAGR of 7.38% and 9.21% for the period under consideration. The rapid increase in sales of vehicle in developing countries and development of infrastructure has created a strong demand for these coolants and lubricants, where the coolant contributes approximately 65% to the total coolant and lubricants market in terms of value. The sizes of the lubricant and coolant markets, in terms of volume, are projected to grow at a CAGR of 8.10% and 6.73% respectively from 2014 to 2019 and reach 408.48 Million gallon and 346.62 Million gallon by 2019.
The present generation vehicles manufactured are equipped with many features which differ in functions performed, cost and application of the system. These features make the vehicle very comfortable for people to carry out their daily activities. This report deals with five such features—HVAC systems, power windows, power seats, heated seats and sunroofs. The HVAC systems and power windows are commonly found in most of the vehicles these days, whereas the adoption of other cabin comfort features is increasing at a slow pace due to usage of these features mainly in the luxury vehicle segment.