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Automotive Connectors Market, in terms of value, is projected to grow at a CAGR of 7.46% from 2016 to 2021. The market was estimated to be USD 4.38 Billion in 2016, and is projected to reach USD 6.28 Billion by 2021. In this study, 2015 has been considered the base year, and 2016 to 2021 the forecast period, for estimating the market size of the market. The report analyzes and forecasts (2016 to 2021) the market size, in terms of volume (million units) and value (USD million), of the automotive connectors market. The report further segments the market and forecasts its size, by volume and value, on the basis of region (Asia-Pacific, Europe, North America, and Rest of the World (RoW). It provides a detailed analysis of various forces acting in the market including the drivers, restraints, opportunities, and challenges. It also segments the market and forecasts its size, by volume and value, on the basis of Connection Type (Wire to Wire Connection, Wire to Board Connection, and Board to Board Connection).  Speak – https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=84620980 Research MethodologyThe research methodology used in the report involves various secondary sources such as Society of Indian Automobile Manufacturers (SIAM), China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), and paid databases and directories. Experts from related industries and suppliers have been interviewed to understand the future trends of the automotive connectors market. The bottom-up approach has been used to estimate and validate the size of the global market. The market size, by volume, has been derived by identifying the country-wise production volumes and analyzing the demand trends. The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.  Target Audience in Automotive Connectors Market
Safety and security application to hold the largest share in the automotive connectors market, by application The safety and security application is estimated to account for the largest share in the automotive connectors market, by value. Connectors used in these advanced safety systems may include connectors used in anti-skid braking system (ABS), airbags, vehicle immobilizers and others. Due to the increase in vehicle thefts, there is a huge opportunity for the growth of safety systems used in the automotive industry, leading to an increase in the number of connectors used in safety applications for a vehicle. Request Sample Pages https://www.marketsandmarkets.com/requestsampleNew.asp?id=84620980 Sealed Connector System is expected to grow due to increasing number of heavy duty applications Sealed connector system is estimated to hold the largest share, in terms of value, for the automotive connectors market, by connector system. Though the number of unsealed connectors is higher as compared to sealed connectors, sealed connectors tend to be costlier than their counterpart. Besides, sealed connector system is ideal for harsh environment and heavy duty applications. The rise in number of off-roading applications and commercial vehicles shall lead to the growth of the sealed connector system market. About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 [email protected]
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The smart transportation market for mass transit is primarily driven by rising population, urbanization, infrastructural spending and environmental concerns for emission control. With the growth in urbanization, there would be an increase in the number of commuters which would increase the demand for public transport during the forecast period.  Research MethodologyThe research methodology used in the report involves various secondary sources such as company annual reports/presentations, industry association publications, magazine articles, directories, technical handbooks, and world economic outlook, trade websites, technical articles, and press release, industry magazines along with paid databases. To get the market numbers, the number of public transits have been considered, country -wise. These public transits are multiplied with the penetration of each component in that particular country. The country-wise market size, by volume is multiplied with the country-wise average selling price of each type of component. This results in the country-wise market size for that particular component, in terms of value, which is further added to arrive at the regional market. Further the regional level data is added to derive global numbers. The same approach has been used to calculate the market sizes, by volume and value for the applications. The summation of the country-wise and regional-level market size, in terms of value, provides the size of the global smart solutions market for mass transit. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155442217 The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.  Target Audience of Smart Transportation Market
Request a Sample Copy: https://www.marketsandmarkets.com/requestsampleNew.asp?id=155442217 “Electronic payment system and traveler information system have significant impact on the growth of smart solutions market for mass transit”For roadways as a transportation mode the electronic payment system segment is estimated to be the largest market. The growth is driven by the increase in efforts by governments and transportation agencies to reduce manual cash collection and shift to advanced e-payment systems. For instance, the Singapore government has implemented a contactless smart card which can be used to travel across the entire public transport network. In the case of railways as a transportation mode, the traveler information system segment is estimated to be the largest market. The system helps the passengers with information and guidance about the upcoming stops and the route which makes their travel experience better. For instance, in Australia the Smartraveller information system is used which provides travel information as well as travel warnings. “Increase in need for smart ticketing systems would give rise to demand for smart solutions market for mass transit”The smart ticketing system is the fastest growing market in the smart public transportation market for both roadways and railways. This growth is due to the benefits such as increased efficiency, and reliability. This application is essential to reduce manual interference and force public transport operators to deploy e-ticketing and integrated payment systems. As per the Rocky Mountain Institute (U.S.) ~14% of a transportation company’s budget is spent on fare collection. Thus the system improves a transportation company’s financial performance which has led to several mass transit operators already implementing smart ticketing solutions. For instance, according to the annual statistics published by the Department for Transport, U.K., out of 26.2 thousand public buses in U.K., 89% of public buses are fitted with ITSO smart cards by 2015. Speak to our analyst for a discussion on the above findings: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=155442217 “North America & Europe: Largest markets for smart solutions market for mass transit”The North American market is estimated to dominate the market for roadways as it accounted for the largest share during the forecast period. The growth factors includes increasing roadways networks, government spending and rising safety concerns for commuters. Europe is estimated to dominate the market for railways in terms of value during the forecast period. This growth is attributed to improved socio-economic conditions in countries such as Germany, the U.K., and France. In addition, the sizeable growth in population of these countries leads to an increase in use of public transport, which further resulted in more government projects for transportation infrastructure development. About MarketsandMarkets: MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 [email protected] Source: https://www.marketsandmarkets.com/PressReleases/smart-solution-mass-transit.asp Primary Research Extensive primary research has been conducted after acquiring an understanding of the high voltage battery market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (OEMs) and supply-side (battery manufacturers) across major regions, namely, North America, Europe, Asia Oceania, and the Rest of the World. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, we have strived to cover various departments within organizations, such as sales, operations, and administration, to provide a holistic viewpoint in our report. Secondary Research The secondary sources referred for this research study include automotive industry organizations such as the Organisation Internationale des Constructeurs d’Automobiles (OICA), corporate filings (such as annual reports, investor presentations, and financial statements), Factiva, Crunchbase, Bloomberg and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by multiple industry experts.  The high voltage battery market is projected to grow at a CAGR of 38.95% from 2018 to 2025, and the market size is projected to grow from USD 8.9 billion in 2018 to USD 89.1 billion by 2025. The study involves 4 main activities to estimate the current size of the high voltage battery market. Exhaustive secondary research was done to collect information on the market, such as battery types, upcoming model launches, and upcoming battery chemistry. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. A bottom-up approach was employed to estimate the complete market size for different segments considered under this study. Download PDF: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=117295368 High Voltage Battery Market Report Objectives
 Asia Oceania is expected to account for the largest market size during the forecast period.
Asia Oceania is projected to hold the largest market share. Factors such as dominating Chinese EV industry, strong economic growth, increasing focus toward smart cities, development related to Gigafactory setup, and favorable government policies have triggered the demand for high voltage battery in the region. China accounts for the highest market share of 78.8% of the global high voltage battery market, which can be attributed to the ever-growing production of electric buses in the country. Additionally, China and South Korea, home for the largest battery manufacturers, play a key role in the high voltage battery supply chain industry in the Asia Oceania region. On the other hand, when compared to the European and North American region, people from the Asia Oceania region prefer economic electric cars with a driving range of >100 miles. This trend is expected to change with the entry of Tesla model 3 in the country. According to Tesla, the company is planning to produce 500,000 cars in China. Such developments are expected to help Asia Oceania dominate the high voltage battery market in the near future as well. To speak to our analyst for a discussion on the above findings https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=117295368 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 [email protected] Source: High Voltage Battery Market worth $89.1 billion by 2025 The Automotive Gesture Recognition Systems Market is estimated to be USD 829.5 Million in 2016, and is growing at a CAGR of 30.5%. The base year for the report is 2015 and the forecast year is 2021. The objective of the study is to analyze and forecast (2016 to 2021) the market size, in terms of volume (‘000 Units) and value (USD million), of the automotive GRS market. The report segments the market by authentication type, by component type, by Application and by region namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). A detailed study of various market leaders has been done and opportunity analysis has been provided in the report.  Research Methodology: Various secondary sources, such as company annual reports/presentations, press releases, industry association publications, magazine articles, encyclopedias, directories, technical handbooks, world economic outlook, trade websites, technical articles, and databases have been used to identify and collect information useful for an extensive study of the automotive market. The primary sources experts from related industries, automotive GRS manufacturers, and GRS experts-have been interviewed to obtain and verify critical information, as well as to assess future prospects and market estimations. Bottom-up approach has been used for market estimation and calculation of the automotive GRS market size. The figure given below illustrates the break-up of the profile of industry experts who participated in primary discussions.  Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=7994636 Target Audience of Automotive Gesture Recognition Systems Market
Key players of Automotive Gesture Recognition Systems Market
Speak to our analyst for a discussion on the above findings, click https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=7994636 The Asia-Pacific is estimated to be the fastest growing region for the automotive GRS market The Asia-Pacific is projected to be the fastest growing region for the Automotive GRS market, owing to the increased demand for automobiles with rising disposable income in countries such as China and India. The Asia-Pacific automotive GRS market is dominated by China, which is the key market for automobiles in the region owing to increased demand for automobiles and growth in per capita income in the country. About MarketsandMarkets: MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 [email protected] Source:Automotive Gesture Recognition Systems Market worth 3144.8 Million USD by 2021 The Automotive Solenoid Market, in terms of value, is projected to grow at a CAGR of 8.82% from 2017 to 2022. The market is estimated to be USD 4.13 Billion in 2017. In this study, 2016 has been considered the base year and 2017 to 2022 the forecast period for estimating the market size of the automotive solenoid market. The report analyzes and forecasts the market size, in terms of volume (million units) and value (USD million), of the global automotive solenoid market. The report segments the market and forecasts its size, by volume and value, on the basis of region, vehicle, electric vehicle, valve design, function, and application. It provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). It strategically profiles key players and comprehensively analyzes their market shares and core competencies. The report also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry players. The research methodology used in the report involves various secondary sources such as International Organisation of Motor Vehicle Manufacturers (OICA) and China Association of Automobile Manufacturers (CAAM). Experts from related industries and suppliers have been interviewed to understand the future trends of the automotive solenoid market. The bottom-up approach has been used to estimate and validate the size of the global market. The market size, by volume, is derived by identifying the region-wise production volumes and analyzing the demand trends. The market size, by value, is derived by multiplying the average selling price of different type of solenoids by the number of units. To know about the assumptions considered for the study, download the pdf brochure Target Audience of Automotive Solenoid Market
Body Control and Interiors segment to hold the largest share in the automotive solenoid market, by application typeThe body control and interiors application is estimated to account for the largest share in the global automotive solenoid market. This application is used in all passenger and commercial vehicles (CV) as well as electric vehicles, unlike some applications that may or may not be used in electric vehicles. For example, engine control valves are not used in a battery electric vehicle (BEV) for the engine control application. Inquiry Before Buying @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=145703142 Passenger cars: A promising market due to the increase in high global productionPassenger cars are expected to constitute the largest market share, in terms of value, in the global automotive solenoid market. This can be attributed to the growing need for personal cars and private cabs in the emerging economies, which has triggered the demand for automotive solenoids from passenger car manufacturers. The demand is expected to increase in developing and developed countries such as China, Japan, Germany, and the U.S., where major car manufacturers are located. Asia-Pacific: Largest market for the automotive solenoid marketAsia-Pacific is estimated to hold the largest market share, in terms of value, of the global automotive solenoid market in 2017. The region comprises some of the fastest developing economies in the world such as China, India, and South Korea. There has been a significant increase in vehicle production volumes over the years, with OEMs catering not only to domestic demand but to overseas demand as well. Request Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=145703142 The major players profiled in the report are Robert Bosch GmbH (Germany), Hitachi Ltd. (Japan), Mitsubishi Electric Corporation (Japan), Continental AG (Germany), Johnson Electric Holding (China), BorgWarner (U.S.), and Delphi Automotive PLC (U.K.). About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 [email protected] Source: https://www.marketsandmarkets.com/PressReleases/automotive-solenoid.asp  The Automotive HMI Market is projected to grow at a CAGR of 11.93%, from USD 16.01 billion in 2016 to USD 28.13 billion by 2021. The rise in demand for enhanced user experience and convenience features in automobile industry has fueled the growth of the automotive HMI market. The growth in demand for connected vehicles is also a major factor that has contributed to the growth of the automotive HMI market. Automotive Human Machine Interface The visual interface technology segment is estimated to record the largest market size in the automotive HMI market during 2016–2021. Factors such as innovations in consumer electronic systems, integration of major interfaces in display systems, and consumer preferences are prompting the growth of the visual interface market. The Head-Up Display (HUD) segment is estimated to be the fastest growing segment during the forecast period. HUD, being a niche technology, is only being incorporated in luxury vehicles. However, with the increased emphasis on reducing driver distraction, a majority of the HMI manufacturers and OEMs are focusing on providing HUD in mid-priced vehicles as well. The multimodal HMI segment in the automotive HMI market, by access type, is estimated to be the fastest growing during the forecast period. This is due to factors such as enhancement of safety and comfort features of vehicles and growing demand for connected vehicles. The mid-priced passenger car segment is estimated to record the largest market size during the forecast period in the automotive HMI market, by end-user type, in terms of volume. However, the emerging trend of enhancing user experience inside the vehicle with the help of providing advanced HMI functions such as touch based infotainment units, haptic controls, and Rear Seat Entertainment (RSE) displays along with reducing driver distraction in mid-priced passenger car segment has also helped the automotive HMI market to grow. Download PDF Brochure Of Automotive HMI Market @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=109625825 The visual interface technology is estimated to be the largest market in the automotive HMI market The visual interface segment of the automotive HMI market is estimated to have the largest market share, owing to factors such as innovations in consumer electronics systems, integration of major interfaces in display systems, and consumer preferences thereby prompting the growth of the visual interface market. The HUD product types of automotive HMI is estimated to be the fastest growing in the automotive HMI market HUD is the transparent image that is projected on the windshield of a car from the dashboard or on transparent screen called combiner HUDs. This can include anything from the current speed, navigation, temperature, and others. This is a safety feature as the driver need not take his eyes away from the windshield. Asia-Pacific is estimated to be the largest region for the automotive HMI market Asia-Pacific region is projected to be the largest market in the Automotive HMI market, owing to increased demand for automobiles with rising disposable income in countries such as China and India. The Asia-Pacific automotive HMI market is dominated by China, which is the key market for automobiles in the region owing to increased demand for automobiles and growth in per capita income in the country. Enquire Here to Get customisation & check discount for report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=109625825 Key Players:
Reasons to Buy the Report: The report provides insights about the following points:
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: +1-888-600-6441 [email protected] Source: Automotive HMI Market - Global Forecast to 2021  The Smart Parking Market is projected to grow at a CAGR of 17.94% during the forecast period, to reach a market size of USD 5.25 billion by 2021 from USD 2.13 billion in 2015. The market for park assist system is driven by factors such as increased consumer preference towards comfort and luxury, and increased competition between OEMs to offer such driver assistance features. Additionally, government policies supporting smart parking systems is also a major demand driver for passenger car smart parking market. The U.S. National Highway Traffic Safety Administration (NHTSA) ruled that all new passenger cars shall be equipped with rear view cameras from 2018 onwards and also the Indian Ministry of Road Transport and Highway (MoRTH) is expected to make rear view sensors mandatory for all passenger vehicles in India. The base year considered for the study is 2015, and the forecast period is 2016 to 2021.
Ultrasonic sensor to be the largest sensor technology used in smart parking market Ultrasonic sensors is expected to dominate the smart parking market for passenger cars. The key application of ultrasonic sensors in smart parking is to assist the driver by identifying an appropriate parking space and provide short range detection of obstacles in the parking range. The ultrasonic sensors are preferred owing to their lower cost as compared with image and radar sensors. The average number of ultrasonic sensors employed in a smart park assist equipped passenger car are around 4-10 units according to MarketsandMarkets analysis. Many automotive component manufactures such as Continental AG (Germany) and Robert Bosch GmbH (Germany) manufacture ultrasonic sensors catering to various driver assistance functions in a passenger car. Get PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=123959229 Smart Parking Market Target Audience
The following are the major objectives of the study.
Major Market Developments
Speak to our analyst about Smart Parking Market Asia-Oceania is estimated to be the fastest growing market for parking sensors due to an increase in consumer awareness about smart parking systems in the region. Growing number of vehicles on the road combined with government initiatives such as smart cities are expected to develop better traffic and parking management solutions in Asia-Oceania, in the future. Parking management solutions use parking sensors such as cameras and ultrasonic sensors within an infrastructure that may or may not interact with in vehicle parking sensors to guide the vehicle to a suitable parking space. The demand for parking sensors will increase with an increase in implementation of parking management solutions that reduce time taken in finding a parking space and ease traffic congestion. Smart parking verticals like government and commercial drive the growth of smart parking market Government Different governments across the world have diverse regulatory norms and conditions which is the reason local governments and municipalities are facing challenges in parking management. Most of the world’s population is moving from rural to urban areas, and hence, managing their vehicles becomes a challenge for the concerned government. The other challenge faced by this industry vertical includes providing sufficient and comfortable parking spaces to the city’s inhabitants, guests, and commuters. This vertical is among the largest adopters of parking management solutions and this trend is expected to continue during the forecast period. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441 [email protected] The global Automotive Wheels Aftermarket is projected to grow at a CAGR of 3.53% during the forecast period to reach USD 4.5 billion by 2025 from an estimated USD 3.5 billion in 2018. The automobile industry has witnessed a continuous increase in the average weight of the vehicle owing to the rising demand for safety and comfort features. This has led to huge innovations and R&D efforts from both the OEMs and aftermarket players in increasingly using lightweight materials to reduce the overall weight of the vehicle and comply with government regulations pertaining to vehicular fuel consumption and emissions which will boost the demand for aftermarket wheels.  Passenger cars estimated to account for the largest market size during the forecast periodThe passenger cars segment is estimated to be the largest of the global automotive wheels aftermarket in 2018. The rising number of enthusiasts and growing demand for passenger vehicles in emerging and developed countries have contributed to the growth of the automotive wheels aftermarket for passenger vehicles. Carbon fiber wheels are widely used in high-performance vehicles and racing cars. These are now gaining popularity in the luxury vehicle segment because of their lightweight, strength, and rigidity, which helps enhance vehicle performance and fuel efficiency. Download PDF : http://bit.ly/2SIPQTW In material type, alloy is expected to grow at the fastest rate during the forecast periodThe alloy is the largest and the fastest growing segment for material type in the global automotive wheels aftermarket as it offers high durability and tensile strength. An alloy is a mixture of multiple metals or metals with non-metals which are mixed in pre-determined proportions to achieve desirable properties such as corrosion resistance, durability, tensile strength, density, ductility, and malleability. The two major or commonly used components in the making of alloy wheels are aluminium and magnesium.  North America is expected to account for the largest market size during the forecast period
North America is the largest automotive wheels aftermarket. Technological advancements and regulations to reduce emissions have increased the use of lightweight materials in the manufacturing of automotive wheels. There has been an increasing popularity of wheels with bigger rim diameters in the aftermarket as it lends the car a more appealing look along with improved stability and shorter braking distance. Additionally, stringent fuel efficiency norms are leading wheel manufacturers to focus on reducing the wheel weight for better vehicle dynamics and fuel efficiency. Such factors are driving the automotive wheels aftermarket in the North American region. Key market players The global automotive wheels aftermarket is dominated by major players such as RONAL Group (Switzerland), BORBET Gmbh (Germany), Enkei Corporation (Japan), Carlstar (US), and Maxion Wheels (US). These companies have strong distribution networks at the global level. In addition, these companies offer an extensive product range in the aftermarket. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Source: http://bit.ly/2TzTCTW The Catalytic Converter Market is projected to grow at a CAGR of 8.05% from 2016 to 2021, to reach a market size of USD 55.16 billion by 2021. Decreased emission limits in existing emission regulations and increased fuel efficiency targets are expected to drive the demand for catalytic converters during the forecast period.  The forecast of this data is based on various secondary sources and validation of the same from primary respondents. Secondary sources include associations such as the International Council on Clean Transportation (ICCT), United States Environmental Protection Agency (EPA), paid databases, and directories such as Factiva. In the primary research stage, experts from related industries, manufacturers, and suppliers have been interviewed to understand the present situation and future trends in the catalytic converter market. The catalytic converter market, in terms of volume (thousand units) and value (USD billion), has been derived from forecasting techniques based on the production and sales data for all the regions. The penetrations have been verified using different primary sources. The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.  Catalytic Converter Market Target Audience
Also, countries like China and India have plans to upgrade their emission regulations by 2020. For instance, India is planning to skip BS V regulations by leapfrogging to BS VI. This is a positive development for catalytic converter manufacturers. Additionally, the number of vehicles on the road is increasing owing to the improving road infrastructure, consumer awareness regarding vehicle maintenance, and stringent fuel economy norms. This would influence the catalytic converter aftermarket. Global PlayersSome of the key manufacturers operating in the market are Faurecia SA (France), Tenneco, Inc. (U.S.), Eberspacher Group (Germany), Benteler International AG (Germany), and Magneti Marelli S.p.A. (Italy). There are certain key innovators gaining attention in the catalytic converter market including Amminex Emissions Technology (Denmark), Toyota Motor Corporation (Japan), and SDC Materials (U.S.). Source: https://www.marketsandmarkets.com/Market-Reports/catalytic-converter-systems-market-128255548.html Global automotive wheels aftermarket is projected to grow at a CAGR of 3.53% from USD 3.5 billion in 2018 to reach USD 4.5 billion by 2025. The growth of the automotive wheels aftermarket is influenced by factors such as accident rates, changing consumer preferences for stylish wheels, and the growing number of automobile enthusiasts in Europe and North America.  Passenger cars estimated to account for the largest market size during the forecast period The passenger cars segment is estimated to be the largest of the global automotive wheels aftermarket in 2018. The rising number of enthusiasts and growing demand for passenger vehicles in emerging and developed countries have contributed to the growth of the automotive wheels aftermarket for passenger vehicles. Carbon fibre wheels are widely used in high-performance vehicles and racing cars. These are now gaining popularity in the luxury vehicle segment because of their lightweight, strength, and rigidity, which helps enhance vehicle performance and fuel efficiency. By coating type, powdered coating is expected to be the largest contributor in the automotive wheels aftermarket during the forecast period Powdered coating is predominantly used in the global automotive wheels aftermarket. The key factors driving the growth of the powdered coating segment are reduced wastage and increasingly stringent environmental regulations for zero or non-VOC coatings. Powdered coatings are ecofriendly and are anticipated to experience rapid growth because of unique features such as high corrosion resistance, chipping, high-quality finish, and abrasion. It also offers protection from moisture, heat, and chemicals. Further, powdered coatings emit only a small amount of VOCs. In material type, alloy is expected to grow at the fastest rate during the forecast period The alloy is the largest and the fastest growing segment for material type in the global automotive wheels aftermarket as it offers high durability and tensile strength. An alloy is a mixture of multiple metals or metals with non-metals which are mixed in pre-determined proportions to achieve desirable properties such as corrosion resistance, durability, tensile strength, density, ductility, and malleability. The two major or commonly used components in the making of alloy wheels are aluminum and magnesium. Key market players: The global Automotive Wheels Aftermarket is dominated by major players such as RONAL Group (Switzerland), BORBET Gmbh (Germany), Enkei Corporation (Japan), Carlstar (US), and Maxion Wheels (US). These companies have strong distribution networks at the global level. In addition, these companies offer an extensive product range in the aftermarket. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements. Asia Pacific: China is expected to lead the Asia Pacific market The Asia Pacific region is estimated to be the fastest growing market. The region comprises some of the fastest developing economies of the world such as China and India. The Asia Pacific region is home to key suppliers of automotive wheels such as Enkei (Japan) and Zhejiang Wanfeng Auto Wheel (China). Factors such as the availability of cheap labor and favorable government policies help undertake mass production of automotive components in Asia Pacific, which results in lower prices. In addition, high investments by major OEMs in advanced technologies are providing growth opportunities for the aftermarket wheels manufacturers in this region.  Recent developments:
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