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Retail E-Commerce Packaging Market Size, Share, Trends, Growth and Forecast 2023

Market Insights

Retail E-Commerce packaging primarily refers to packaging provided to products that have been sold online. Retail E-Commerce has been growing at a rapid rate over the past few years, and the rapid growth of the Retail E-Commerce market is expected to have a significant impact on the demand for Retail E-Commerce packaging. Market Research Future has produced a new report on the global Retail E-Commerce Packaging Market Size which is expected to grow at a considerable rate during the forecast period from 2018 to 2023. The global Retail E-Commerce Packaging Market Size is set to grow at a CAGR of 5.92% and appreciate to reach a market value of USD 21,669.7 by the end of 2023.

The ongoing increase in online shopping is a huge driver of growth for the global retail Retail E-Commerce market. Setting up an online store is easy, and there are vast numbers of retail Retail E-Commerce websites on the internet. Likewise, consumers are spoilt for choice and can have most products at their convenience from the comfort of home or even on the move. Fast delivery, easy return policies and free shipping offers have driven the adoption of retail Retail E-Commerce over traditional shopping methods. Amazon, for example, has become a market giant due to its vast product offering as well as various other options such as prime delivery, prime now, and several others.  The growing demand for packaged food and the presence of online stores ranging from specialty packaged foods to non-perishable groceries can be purchased online and delivered to the consumer’s doorstep, thus driving retail Retail E-Commerce packaging. Additionally, several products are often cheaper to buy online than from a store, making Retail E-Commerce the preferred shopping method and increases the use of retail Retail E-Commerce packaging.

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Key Players

Georgia-Pacific LLC, Mondi Group, DS Smith Plc, Klabin S.A., Smurfit Kappa Group, Nippon Paper Industries Co. Ltd., Packaging Corporation of America, Orora Packaging Australia Pty Ltd., International Paper Company, and Rengo Co. Ltd are among the prominent market leaders that have been included in MRFR’s competitive tracking of the global Retail E-Commerce Packaging Market Size.

Market Segmentation

Segmental study of the global Retail E-Commerce Packaging Market has been segmented on the basis of material, application, and region. Material has been segmented into corrugated boxes, security envelopes, protective packaging, tapes & labels, and others. Consumers often want to ensure that their ordered item does not become damaged in the process of delivery. As a result, the protective packaging segment accounts for a market share of 34.80% and is projected to grow at the highest CAGR.

Application has been segmented to include apparel & accessories, electronics & consumer goods, auto parts, home furnishing, food & beverages, healthcare & personal care, and others. Electronics & consumer goods are among the most packaged retail Retail E-Commerce items. Moreover, online offers for smartphones and other electronics can often beat those found in traditional stores.

Regional Analysis

The Asia Pacific has secured the position of the world’s largest Retail E-Commerce hub. The region has a rapidly expanding middle class in China, Indonesia, and India. The increasing popularity of mobiles, gadgets and several consumer electronics have driven Retail E-Commerce sales and by extension drive the demand for retail Retail E-Commerce packaging. China, alone accounts for 40% of the world’s Retail E-Commerce sale, making the APAC a truly significant region in the global Retail E-Commerce Packaging Market Size.

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COVID-19 Industry Impact Market Reports

Global Glass Packaging Market to Value USD 66,000 Mn by 2022

Summary

Global Glass Packaging Market information by Product (Standard Glass Quality, Premium Glass Quality, Super Premium Glass Quality), Application (Beverage Packaging, Food Packaging, Personal Care Packaging, and Others) and Region – Forecast to 2022

Glass Packaging Market Synopsis

As per the Market Research Future Reports (MRFR), the global market for glass packaging is likely to value more than USD 66,000 million and will expand at a CAGR of 3.29% during the forecast period from 2017 to 2022. Demand for glass packaging is concentrated in sectors such as pharmaceuticals, food and beverage and cosmetics. The most important characteristics of glass packaging like zero chemical leaching, malleability, and non-reactive characteristics continue to bring an impact on the glass packaging market 2020.  Moreover, it can be recycled and the reuse of glass packaging exhibits its eco-friendly nature. Glass is one of the most demanded materials for the purpose of packaging alcoholic beverages, non-alcoholic beverages, liquid-based pharmaceutical products and several other non-perishable and perishable products. An increase in efforts towards encouraging the adoption of environmentally friendly products has assisted in reviving the glass packaging industry.

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The ability to preserve the freshness of a product while maintaining its healthy content of food and beverages are the most important reasons for the expansion of the global market for glass packaging. The market has grown significantly due to the broad usage of glass packaging for alcoholic and non-alcoholic beverage packaging owing to its impermeable specifications. The glass packaging market is estimated to witness a constant expansion during the review period.

Key Players

The most significant players in the global Glass Packaging Market are Ardagh Group S.A, Owens-Illinois Inc.,  Verallia, Vidrala S.A., Gerresheimer AG, BA Vidro, Vetropack Holding Company, Piramal Glass, Stölzle Glass Group, Wiegand-Glas GmbH, Verescence, Zignago Vetro S.P.A., Luigi Bormioli Corporation, Allied Glass Containers Ltd, Vetrobalsamo Spa, Nihon Yamamura Glass Co., Ltd., Heinz Glas GmbH & Co. KGAA and Vitro.

Market Segmentation

The global Glass Packaging Market is segregated on the basis of product, application, and region.

On the basis of product, the global market for glass packaging can be divided into super-premium glass quality, premium glass quality, and standard glass quality. Among all, the premium glass quality dominates the glass packaging market.

On the basis of application, the global market for glass packaging can be classified into food packaging, beverage packaging, personal care packaging, pharmaceutical packaging, and others. The beverage packaging dominates the glass packaging market is also likely to advance with a robustly expanding CAGR during the forecast period.

Regional Analysis

As per the Market Research Future Reports (MRFR), the regional analysis of America, Europe, Asia Pacific, Middle East, and Africa.

The APAC region has been reigning the global market for the glass packaging market since 2017 by acquiring 34.3% market share and is expected to expand at a very fast pace during the review period. The increased consumption of alcoholic beverages encourages the market in the region. Additionally, increased disposable income levels among individuals, lifestyles of consumers, fluctuating preferences also play an important role in expanding the glass packaging market. Japan, China, and India are the most crucial contributors to the market. China is dominating the APAC market. Hence, the region is likely to expand at a CAGR of 3.60% and retains its apex position during the forecast period.

The American region is a lucrative market for glass packaging. The region has witnessed increased investment in research and development and product innovation in terms of packaging. Moreover, the strict food safety policies in nations like the U.S and Canada have observed a rise in the consumption of beverages, and the increased growth rates in the sector of pharmaceutical are some other factors expanding the regional market.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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COVID-19 Industry Impact Market Reports

Ignition Coil Market Is Projected To Grow At A CAGR Of 6% During Forecast 2023

Summary

Global Ignition Coil Market, Information Report by Type (Compression Ignition, Spark Ignition, Battery, Others), By Component (Spark Plug, Ignition Coil, Capacitor, Others), By Vehicle Type (LCV, HCV, Passenger Cars) and By Region – Global Forecast to 2023

Overview

As automobile volumes expand around the world, the demand for their parts such as ignition coils is also increasing rapidly. Market reports associated with the automobile industry have been made available by Market Research Future who issues reports on other sectors that have been currently made available along with a report on this industry. The market is anticipated to witness a 3.8% CAGR growth in the duration of the forecast period.

The rising demand for spare parts in different regions of the world is spurring the establishment of manufacturing facilities. The rising level of disposable income is expected to promote buying behavior for ignition coils. The market for ignition coils is expected to motivated by the elevated level of urbanization in emerging and developed countries, and a growing level of focus on sustainability and reducing fuel consumption.

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Key Players

The noteworthy contenders in Ignition Coil Market are BorgWarner Ludwigsburg GmbH (Germany), Robert Bosch GmbH (Germany), Denso Corporation (Japan), Mitsubishi Electric Corporation (Japan), Delphi Automotive PLC (UK), Hitachi Automotive Systems Americas, Inc. (U.S.), Federal-Mogul Corporation (US), Wings Automobile Products Pvt. Ltd (India).

Segmental Analysis

The segmentation of the market for Ignition Coil Market is carried out on the basis of type, component and vehicle type. On the basis of type, the market is segmented into spark ignition, battery, compression ignition, and others. On the basis of component, the market is segmented into spark plug, ignition coil, capacitor, others. On the basis of vehicle type, the market is segmented into HCV, LCV and Passenger Cars. On the basis of region, the market is segmented into Europe, APAC, North America and the rest of the world.

Detailed Regional Analysis

The regions counted in the market are APAC, Europe, North America and the rest of the world. The regional analysis of the market states that the Asia Pacific region is likely to lead the Ignition Coil Market, due to the growing urbanization and industrialization. The speedy growth of several industries such as construction, automotive, aerospace, and mass transport, is projected to add to growth in the region. The broad scope of foreign direct investment in emerging nations and also an unceasing commitment to curtailing vehicle emissions are adding to the growth of the Ignition Coil Market in the region.

Competitive Analysis

The situation for growth plans has stimulated the market for potential new entrants. The enhancement in the products and services is the chief factor escalating the market’s productivity and controlling the trends that are acquiring distinction in the market. The gaps in the market are filled due to the execution of proper supply chain strategies. The essential success factors and players’ predilections are consistently growing by the strategies being used by market contenders. Besides, the introduction of new products and services will add additional impetus to the market progress. The development of the market is based on the drivers that are radically altering the market backdrop. The growth patterns are modified in tandem with the customer preferences to achieve maximum growth, and in the long run, profitability.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Automotive Wiring Harness Market Overview, Challenges, Opportunities, Trends And Analysis By 2023

Market Overview

The global automotive wiring harness market size is expected to touch USD 93,074.4 million by 2023 owing to rising sales of cars. Market Research Future (MRFR)’s latest study reveals that the market is predicted to grow at a 6.35% CAGR during the forecast period (2017–2023). Sales of electric vehicles is the primary factor driving the market. Integration of wiring harnesses to reduce onboard electronic complexities and overall vehicle weight is anticipated to augur market growth over the forecast period.

Introduction of infotainment systems and advanced driver assistance systems (ADAS) in latest cars is projected to fuel global market. Speed sensor wiring harness is a unit expected to induce demand owing to popularity of connected cars. Demand for in-vehicle applications and real-time connectivity are factors driving demand for speed sensor wiring harnesses. Continuous development of technologies such as vehicle-to-everything (V2X), vehicle to infrastructure (V2I), and vehicle to vehicle (V2V) are projected to provide growth opportunities for the market. High costs of wiring harness can pose a challenge to market growth.

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Competitive Dashboard

Some of the key players profiled in the market report include

A Delphi Automotive Plc. (renamed itself as Aptiv) (U.K.)

Motherson Sumi Systems (India)

THB Group (China)

Furukawa Electric Co., Ltd. (Japan)

Fujikura Ltd. (Japan)

PKC Group(Finland)

Leoni AG (Germany)

Sumitomo Electric Industries Ltd. (Japan)

YAZAKI Corporation (Japan)

Lear Corporation (U.S.), and others.

Segmental Analysis

MRFR’s report offers a detailed segmental analysis of the Automotive Wiring Harness Market based on material type, component type, application, vehicle type, and region. By material type, the market has been segmented into copper, aluminum, and others. The copper segment accounted for a large market share and maintain its dominance in the market over the forecast period.

By component type, the market is segmented into wires, connectors, and terminals. The wires segment is touted to grow at a 6.43% CAGR over the forecast period. This can be attributed to importance placed on wires in a wiring harness unit. The wires transfer electrical signals between various devices including engine light, meters, navigation systems, etc.

Major market applications include engine, chassis, sensors, heating, ventilation, and air conditioning (HVAC), body, and others. The engine segment is touted to generate maximum revenue for the market by 2023, followed by chassis and HVAC segments. Demand for HVAC can be attributed to installation of these units in light commercial vehicles and trucks.

By vehicle type, the market is segmented into passenger and commercial vehicles. The passenger vehicle segment is expected to induce demand for wiring harnesses by 2023. As per a 2016 report by the OICA Car Association, nearly 69 million passenger cars were sold globally. This number is expected to rise sharply owing to rise in expendable income levels of consumers, development of hybrid vehicles, and adoption of these vehicles.

Regional Outlook

The automotive wiring harness market size, on the basis of region, is segmented into the North America, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA). The APAC market is projected to exhibit a 6.79% CAGR over the forecast period. This can be attributed to the booming automotive sector in the region. China can contribute to regional market revenue owing to its lax policies regarding labor laws and tariffs. Moreover, growth of the transportation and information and communication technology (ICT) sectors in parallel to the automotive sector can influence market demand.

The North America market is also touted to exhibit a stupendous CAGR over the forecast period owing to the U.S. In addition, presence of various automobile manufacturers coupled with a steady demand for commercial vehicles can augur market growth.

Table Of Content

1  Executive Summary

2  Market Introduction

2.1 Definition 15

2.2 Scope Of The Study 15

2.3 List Of Assumptions 16

2.4 Market Structure 16

3  Research Methodology

3.1 Research Process 18

3.2 Primary Research 19

3.3 Secondary Research 20

3.4 Market Size Estimation 20

3.5 Forecast Model 21

4  Market Dynamics

4.1 Drivers 24

4.1.1 Focus On Emerging Nations For Automotive Manufacture 24

4.1.2 Growing Complexities Of On-Board Electronics 25

4.2 Restraints 25

4.2.1 High Cost Of Wiring Harness 25

4.2.2 Over-Heating Or Short Circuit Of The Wiring Harness 26

4.3 Opportunity 26

4.3.1 Increased Need For Comfort And Safety 26

Continues….

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Catalytic Converter Market Size, Future Scope, Trends, Key Players and Forecast To 2023

Summary

Global Catalytic Converter Market Information Report, By Product (Two-Way Catalytic Converter, Three-Way Catalytic Converter, Diesel Oxidation Catalyst, Others), By Material (Platinum, Palladium, Rhodium, Others), By Application (Entry-Level Segment, Mid-Size Segment, Full-Size Segment) and By Region – Forecast to 2023

Market Overview

The Market Research analysts forecast the global Catalytic Converter Market Size to post a CAGR of nearly 7.5% during the estimated year, according to their latest market research report. However, the growth momentum of the market is expected to rise due to increasing demand for automobiles.

A catalytic converter is a device that controls emission that is caused by fuel combustion within automobiles. These converters also assist in removing toxic compounds including carbon monoxide, nitrogen oxide, and hydrocarbon from the exhaust system of the vehicles.

Automotive catalytic converters are widely used in a passenger vehicle and commercial vehicle. The most proportion of automotive catalytic converters is used for a passenger vehicle for many benefits considering environmental concerns and several other factors.

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Key Players

The key players of Catalytic Converter Market are Faurecia SA (France),  Benteler International AG (Germany), Eberspächer Group (Germany), Calsonic Kansei Corporation (Japan), Yutaka Giken Company Limited (Japan),  Tenneco, Inc. (U.S.),  Futaba Industrial Co., Ltd. (Japan), Sango Co., Ltd (Japan), Magneti Marelli S.p.An (Italy),  Bosal International N.V. (Belgium)  and others.

Drivers & Trends

The increasing demand coupled with production of vehicles is driving the global Catalytic Converter Market multiplied. To this contrary, vehicle manufacturers are primarily focusing on various methods on the elimination of harmful emissions as well as to improve the efficiency of vehicles. Owing to these factors, there has been now stringent emission standard globally regularized by the government to protect the environment and thus preventing hazardous effects of global warming.

Moreover, factors driving market growth also include technological advancement, new emerging markets, consumer demographics, and significant investments in research and development would provide plentiful growth opportunities in the market during the forecast period.

However, high research & development costs relating to the development of innovative and efficient converters is expected to obstruct the industry growth over the years to come. With this, the increasing adoption of hybrid and electric vehicles is expected to challenge market growth in the future.

Segmentation

In the reports of MRFR, the global Catalytic Converter Market Size is segmented based on product, material, application, and region.

By the mode of product, the market segmentation includes a two-way catalytic converter, three-way catalytic converter, diesel oxidation catalyst, and others. The demand for the three-way oxidation-reduction catalytic converter is steered in the market with the increase in applications for ultralow emissions in the vehicles.

By the mode of material, the market segmentation includes platinum, palladium, rhodium, and others. Rhodium accounts for 44% of the market share have more efficiency from the toxic exhaust emissions. This is driving the rhodium market for the catalytic converter to the best.

By mode of application, the market segmentation includes an entry-level segment, mid0size segment, and full-size segment.

Regional Outlook

In the reports of MRFR, regionally, the global Catalytic Converter Market Size has covered significant regions of North America, Europe, Asia-Pacific, and rest of the world.

Among them, North America is displaying the largest market share having a stronghold owing to the high presence of automobile manufacturers in this region. Also, increasing technological advancements and high investments in catalytic converters in vehicles are boosting the market growth. With that, the government in this region adhere to laws and regulations over vehicle emissions.

Coming up next is the European region, which is also one of the booming market holders due to the presence of high automobile manufacturers. Rapid research and development activities in this sector have encouraged with the introduction of new catalytic converters adhering to the stringent emission norms. This is contributing a lot to the Catalytic Converter Market Size to grow in the years to come.

The Asia Pacific is also on the verge to show some booming factors that would enable the market of catalytic converters to expand wisely. The emerging hub of automobile manufacturers is widening opportunities to flourish and rise in the Asia Pacific region. Key contributor regions in the Asia Pacific region are China, Japan, India, and South Korea. These countries are contributing to the best in global vehicle production with the latest developments by implementing catalytic converters.

Industry News

March 2019: EnviroLeach Technologies Inc. is pleased to report that it has successfully researched with advances in its formula that have resulted in the selective dissolution of Palladium (Pd) from multi-metal sources into the aqueous solution. Keeping the factor of environmentally friendly chemistry and the process has modified to extract palladium, which is a breakthrough work by the company’s brilliant team of scientists.

Recent test work on samples, using modified conditions of Enviroleach’s proprietary chemistry, was carried out to evaluate the extraction of palladium for catalytic converters.  Initial testing showed approximately 90% recovery of the contained palladium was achieved in less than 2 hours.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Automotive Metal Stamping Market Key Drivers, Size, Share, Trends, Growth, Future Scope Analysis and Forecast To 2023

Summary

Global Automotive metal stamping market Information Report by Technology (Blanking, Embossing, Flanging, Bending, Coining and Others), by Application (Passenger Cars, Commercial Vehicles, Recreational Vehicles and Others) and By Region – Global Forecast To 2022

Automotive Metal Stamping Market 

According to the recent report by Market Research Future (MRFR), the global automotive metal stamping market is slated to attain a significant market valuation at a steady CAGR over the review period.

The growth of global market for automotive metal stamping is anticipated to be driven by the thriving automotive industry and the swift increase in demand for smart automobiles. The upsurge in competition in the automotive industry is also likely to lead to the increasing demand in the metal stamping market over the forecast period. The process of metal stamping is functional in numerous stages of manufacturing in the automotive industry, such as brackets, panels, roofs, bonnets, hangers, and others, thus continually inducing demand in the automotive metal stamping market. Growth in the usage of metal sheet for the production of transmission components, interior & exterior structural components, and automobile chassis is projected to fuel the growth of the global market for automotive metal stamping over the forecast period.

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Key Players

The key players of global Automotive metal stamping market are Kenmode Precision Metal Stamping (U.S.), Aro Metal Stamping co. (U.S.), Shiloh Industries, Inc. (U.S.), Martinrea International Inc. (Canada), Acro Metal Stamping Co. (U.S.), Wisconsin Metal Parts, Inc. (U.S.), American Industrial Company (U.S.), Manor Tool & Manufacturing Company (U.S.), and Clow Stamping Co. (U.S.).

Segmental Analysis

The global market for automotive metal stamping market has been bifurcated on the basis of technology and application.

based on technology, the market has been segmented into blanking, flanging, embossing, coining, bending, and others.

on the basis of application, the market has been segmented into commercial vehicles, passenger cars, recreational vehicles, and others.

Regional Analysis

Based on the region, the global automotive metal stamping market is segmented into Asia Pacific, North America, Europe, and the rest of the world, including South America, the Middle East, and Africa.

In the Asia Pacific, China significantly contributes to the steel industry, but in recent times the steel market in China witnessed a decline. The growth of the constituent manufacturers has taken a diverse route than other regions. The Japanese producers have sustained strong relationships with their suppliers. The increasing competition and growth in international trade, have led to the better-quality distribution system, across numerous developing nations. Similarly, the automotive industry in China continues to grow, owing to increased production of commercial and passenger vehicles. FDI is one of the significant factors for the growth of the automotive industry in China. Automakers in China are introducing new and trade-friendly regulatory policies that enable them to produce a more substantial number of vehicles. This increase in the number of cars will result in the growth of the metal stamping industry during the forecast period. The demand for passenger and commercial vehicles s also massive in India and is expected to contribute considerably towards the market share over the review period.

In North America, automobile manufacturers are expected to observe an increase in the sales of passenger cars. The rise in demand for new vehicles will enable the growth of the auto components suppliers. This upsurge in demand for passenger cars will result in growing security of the drivers in the car. The rising safety is expected to result in increased usage of side guard door beams in the car. The increase in usage is estimated to result in the growth of the market during the forecast period. In North America, the developed economy of the U.S. has dominated the metal stamping market due to the growing concern of safety in the vehicle. The auto market in U.S. has been powered by factors such as lower interest rate and lower fuel price, which has enabled the market to grow during the forecast period.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact

Market Research Future

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Maharashtra, India

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Automotive Tire Market is projected to expand its worth to USD 262.72 billion by forecast 2023

Summary

Global Automotive Tire Market Report: Information by Type (Radial, and Bias), Section Width (<200 Mm, 200-230mm, >230mm), Vehicle Type (Passenger Car, and Commercial Vehicle), End Market (OEM, and Aftermarket) – Forecast till 2023

Automotive Tire Market Research Report

Tires are an important and integral part of various automobiles types. The earlier forms of tires were composed of only firm rubber that did not require to be filled with air, these type of solid rubber tire were used commonly for slow-speed vehicles. Similarly, the currently popular form of tires are also airless but use a new and much more efficient type of material which is called the non-pneumatic tire and are mostly intended for use in eco-friendly car models such as hydrogen, electric and hybrid cars. Thus, the range of innovation observed in the market till date is phenomenal. The market is projected to expand its worth to USD 262.72 billion while expanding with a CAGR of 4.48 percent approximately in the duration of the forecast period from 2017 to 2023.

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The growing number of vehicles on the road have resulted in the progress of the market considerably. Several factors such as government-mandated improvements in emission standards and global competition which have facilitated the improvement of the durability and reliability of vehicles, have also led to a rise in demand for automotive tires as well. As a result, high performance tires are witnessing widespread popularity with original equipment (OE) manufacturers and customers in the tire replacement market. Consequently, the tire manufacturers who are concentrating on the OE segment for further expansion of the market and R&D expenditure are also seeing various positive opportunities for growth. The use of high-performance tires mainly as factory equipment on luxury passenger cars has gradually led to these tires being developed for premium sport utility vehicles and lately in crossover utility vehicles as well. The sales of these vehicles in correlation with the increasing global middle class and their need for mobility and status will continue to expand in the duration of the forecast period. Furthermore, the segment of passenger car radial is contributing for a key market portion in the automotive tire market owing to amplified demand from automotive tire manufacturers.

Due to an extraordinary technological level of change in countries such as Thailand, China, India, and Indonesia due to automotive manufacturers setting up bases in these countries due to the low cost of labor and easy availability of capital, has led to a significant shift in the market’s growth trajectory. The improved prosperity of the developing economies is leading to bigger sections of the population purchasing vehicles, particularly in India and China contributing to the overall market’s growth.

Competitive Analysis

The development of the market vendors is dependent on the government support, market conditions, and industry development. The players are focusing on reinforcing their presence globally through partnership & collaboration followed by mergers and acquisitions through the forecast period. These strategies are extensively implemented to grow their presence and the customer base. The competitive atmosphere in the market is expected to strengthen further owing to business expansions and new product developments. The foremost contenders functioning in this market, who have adopted these strategies are Michelin Group (France), Bridgestone Corporation(Japan), Continental AG (Germany), Hankook Tire Co., Ltd. (South Korea), The Goodyear Tire & Rubber Company (U.S.), Cooper Tire & Rubber Company (U.S.), Toyo Tire & Rubber Co., Ltd (Japan), Yokohama Rubber Co. Ltd (Japan), Sumitomo Rubber Industries, Ltd. (Japan) and Pirelli (Italy).

Segmental Analysis

The segmental analysis of the Automotive Tire Market is based on section width, type, end market, vehicle type, and region. By type, the market is segmented into bias and radial. Among these segments, the radial segment is responsible for the major market share and is expected to remain extremely lucrative through the forecast period. On the basis of section width, the market has been segmented into >230mm, <200 Mm & 200-230mm. The <200 Mm segment is responsible for the principal market share and is also expected to develop with a rapidly growing CAGR. By vehicle type, the market segmentation comprises of passenger car and commercial vehicle. Among these segments, the passenger car segment presently accounts for the main market portion and is expected to have the highest CAGR. This will lead to the development of the segment in the future. By end markets, the market has been segmented into aftermarket and OEM. The OEM segment presently accounts for the biggest market portion and is estimated to have the top CAGR in the forecast period.

Detailed Regional Analysis 

The regional analysis of the market observes that the Asia Pacific region is responsible for the major market share in 2017, followed by the North American region which is anticipated to develop at a CAGR of 4.66 percent through the forecast period. The Asia Pacific region has the major automotive tire market, as a result of the rise in the automotive industry in nations such as Japan, China, and India. The surge in the penetration level of passenger cars and two-wheelers in the region is boosting the demand for tires. Amplified sales of automobiles in the region can be attributed to issues such as increasing per capita income, bigger infrastructure spending, initiatives to grow the amount of economic production cost and FDI. The North American region is attributed for the next major market portion in 2017, which is anticipated to develop at a CAGR of 4.46 percent during the forecast period. In the North America region, automobile manufacturers will observe a surge in the sales of the passenger cars and commercial vehicles. The upsurge in demand for the new vehicles will allow the growth of the auto tire suppliers significantly. The steady growth in the region will bring more investments from many top giants owing to stringent government regulation, amplified sales of vehicles, and demand for fuel efficient products. The U.S. is responsible for the prime market share of 70.55 percent in 2017, with a market worth of USD 44.87 billion and is estimated to develop at the highest CAGR of 4.60 percent through the forecast period.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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COVID-19 Industry Impact Market Reports

Global Automotive Fuel Delivery System Market To Develop With A 5 % CAGR By 2022

Summary

Global Automotive Fuel Delivery System Market by Component (Fuel Pump, Fuel Injector, Fuel Pressure regulator, Fuel Filter, Fuel Rail, Air control Valve, Throttle position sensor) by Fuel type (Gasoline, Diesel and Alternative fuels), by Vehicle (LCV, HCV, Passenger and Hybrid), and by Region (North America, Asia-Oceania, Europe, Middle-East & Africa, South America) – Forecast 2022

Automotive Fuel Delivery System Market – Overview

The escalating concerns globally related to pollution have influenced developments in fuel delivery systems. Market reports associated to the automobile industry have been put forward by Market Research Future which generates reports on other industry verticals that target the study of recent market scenarios better. The market is projected to attain a CAGR of 5 % in the course of the forecast period.

The rise in manufacturing activities related to passenger and commercial vehicles is anticipated to motivate the demand for the fuel delivery system market further. Moreover, increasing emphasis on fuel efficiency is expected to further accelerate the expansion of the market for automotive fuel delivery systems. Furthermore, the surge in new product development of the fuel delivery systems market is expected to expedite the development of the market in the imminent period.

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Key Players

Robert Bosch GmbH, Delphi Automotive Plc., Denso Corporation, Magneti Marelli, Infineon Technologies AG, TI Automotive INC, Toyoda Gosei, NGK Spark Plug Co. Ltd, Continental AG, UCAL Fuel Systems, are some of the primary competitors functioning in the automotive fuel delivery system market.

Segmental Analysis

The analysis of the segments of the automotive fuel delivery system market is performed on the basis of component, fuel type, vehicle, and region. Based on the components, the automotive fuel delivery system market comprises of fuel injector, fuel pump, fuel pressure regulator, fuel rail, fuel filter, air control valve, and throttle position sensor. On the basis of fuel type, the automotive fuel delivery system market comprises of diesel, gasoline, and alternative fuels. The segmentation of the automotive fuel delivery system market on the basis of vehicles comprise of LCV, passenger, HCV, and hybrid. The regions counted in the automotive fuel delivery system market globally are North America, Europe, Asia-Oceania, Middle East, Africa, and South America.

Detailed Regional Analysis     

The regional review of the automotive fuel delivery system market comprises of regions such as North America, Europe, Asia-Oceania, Middle East, Africa, and South America. The Asia-Oceania region governs the automotive fuel delivery system market globally owing to factors such as the existence of automobile original equipment manufacturers (OEM’s) and many mid-level companies that are proposing to expand their hubs in the region. The North American region is likely to be the quickest growing market through the forecast period. The cutting-edge manufacturing hubs and the position of the market in terms of technology are anticipated to power the automotive fuel delivery system market in the region.

Competitive Analysis

The market shows an escalated growth pace due to the positive influence exerted by the market forces. The absorbed costs in the market are easily dealt with, opening up more room for development in the market. The promotional and other related expenses are improved particularly due to the progress of the market. The competitors are devotedly undertaking the obstacles to development and are building strategies that can lead to a beneficial effect on the market’s growth. Certain regions in the market are expected to achieve an absolute advantage in the market place due to optimized strategies. The accretive nature of some of the assets in the market is expected to boost the growth potential of the market. Additionally, the alliances being created in the market are expected to further motivate the expansion of the market in the coming years.

Industry Updates

Feb 2019 South Korea automakers are accelerating proposals to launch new LPG models which necessitate special fuel tanks and fuel delivery systems which are every so often retrofitted. The change is attributed to the enacted legislation recently in South Korea which permits private motorists to purchase vehicles driven by liquefied petroleum gas (LPG), in response to growing environmental worries in the country.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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Automotive Engine Market Outlook, Strategies, Analysis, Future Scope, Key Drivers Forecast To 2025

Summary

Global Automotive Engine Market by placement (In-Line Engine and V-Type Engine), Vehicle type (Passenger, LCV, HCV), by Fuel (Gasoline, Diesel and Others) and by Region (North America, South America, Asia-Pacific, Europe, Africa and Middle East) – Forecast by 2022

Automotive Engine Market Overview

Automotive Engine enables a vehicle to function efficiently and run smoothly without any trouble. Therefore, it is an important market. Market Research Future (MRFR) has published and released a research report about the global automotive engine market that anticipates growth for this market during the forecast period that would end in 2022. Analyzing the market structure, this report assays the future growth potential of the market. It observes the strategies of the key players in the market and follows the competitive developments like joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market.

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Market Segmentation

The most important factors enriching the growth of global automotive engine market include growing demand for technologically advanced powered engines for the better performance of vehicles, rigid fuel economy regulatory norms, and rising disposable income. The global automotive engine market has been segmented on the basis of fuel, placement, vehicle type, and lastly, region. The fuel-based segmentation segments this market into diesel, gasoline, and others. On the basis of placement, the market has been segmented into the in-line engine and V-type engine. By vehicle type, the market has been segmented into passenger vehicles, light commercial vehicle (LCV), heavy commercial vehicle (HCV). Passenger vehicles are owned by citizens and are for personal use. Commercial vehicles are used for business purposes.

Regional Analysis

The regional segmentation of the global automotive engine market segments the market into regional markets known as North America, Europe, Asia Pacific, and rest of the world. According to the report, Asia Pacific is the leading market and estimated to grow during the forecast period. Holding the biggest share in the global market, it is growing with good speed. The reasons for the market growth in this region include rapid expansion in the automotive industry of the developing nations, and original equipment manufacturer (OEM) developing technologically advanced powered engines to gain high torque and performance. The most important country-specific markets in this region are China, India, and Japan, followed by the rest of the Asia Pacific region.

Markets in North America and Europe are expected to show limited growth because the presence of long-established original equipment manufacturers has already been established in these regions. Therefore, a strong base for the robust development and growth of the automotive engine market can be seen. Many key players of this market are based in Europe and North America. In North America, the most important country-specific markets are the United States of America (USA) and Canada, followed by the rest of North America. The USA is the strongest economy in North America. In Europe, the significant country-specific markets are France, Germany, Italy, and the United Kingdom (UK), followed by the rest Of Europe.

Key Players

The key players in the global automotive engine market include AB Volvo (Sweden), Cummins Inc. (USA), Fiat S.PA. (Italy), Ford Motor Company (USA), General Motors (USA), Honda (Japan), Hyundai Motor Company (South Korea), Mitsubishi Heavy Industries (Japan), Scania AB (Sweden), and Volkswagen Group (Germany).

Latest Industry News

  • Mazda is set to launch its first Electric Vehicles (EV) in 2020 as part of its ‘Sustainable Zoom-Zoom 2030’ long-term technology development programme. These vehicles will have automotive engines. 2 OCT 2018
  • Dacia has announced the release of a new range of automotive engines in the near future. 2 OCT 2018
  • Mazda has opened a new plant in Russia where automotive engines and its components would be manufactured. 26 SEP 2018.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

 Contact:

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Automotive Bearing Market Is Projected To Grow At A CAGR Of 6.1% During Forecast 2023

Summary

Global Automotive Bearing Market Information by Type (Ball Bearings, Roller Bearings, Plain Bearings, Thrust Bearings, and Others), by Vehicle Type (2-Wheeler, Passenger, and Commercial), and by Region – Forecast to 2022

Automotive Bearing Market Dynamics

The automotive bearing market is growing in sync with the rising use of transportation to deliver goods. Automotive bearings play a pivotal role in efficiently carry heavy loads. In addition, they provide reliability, durability, and ability to perform high-speed rotations with minimal sound and vibration. At the same time, it ensures smoother operation of a vehicle by reducing friction between the moving parts of a vehicle. The automotive bearing market is about to witness a CAGR of 6% during the forecast period (2016-2022).

Development, as well as incorporation of novel sealing technologies by original equipment manufacturers (OEMs) to seal the bearings from contamination, has also benefited the Automotive Bearing Market to a great extent.

Significant Players

RKB Bearings, NTN Corporation, Iljin Bearing Co., Ltd., Jtekt Corporation, Schaeffler AG., Timken Company, Svenska Kullagerfabriken AB, ORS Bearings, CW Bearing and Timken Company, are some of the most significant companies listed in MRFR Analysis and are leading the competition in the global Automotive Bearing Market.

Market Segmentation

The Automotive Bearing Market has been segmented with respect to type and vehicle.

The market segments, in terms of type, are roller bearings, Automotive bearings, vehicle ball bearings, thrust bearings, motor vehicle bearings, plain bearings, vehicle wheel bearings, and others. Vehicle wheel bearings are an important component of the drivetrain in any vehicle since they offer the first connection between the static and moving areas of the vehicle. On the other hand, vehicle ball bearings refer to the rolling elements, which help reduce the rotational friction between the surface like cemented roads and the vehicle. Due to these factors, both the segments are expected to achieve a high growth rate in the years to come, given their surging demand in the automotive industry.

Vehicle types covered in the report are 2-Wheeler, Passenger, and Commercial. The passenger vehicles segment possesses the maximum potential to attain the top position in the market, because of the rising production volumes of passenger vehicles across the world.

Regional Insight

Europe, Asia Pacific (APAC), North America, along with the Rest of the World (RoW) are the primary markets for automotive bearing.

The APAC market for automotive bearing reigns over other regions across the globe, thanks to the presence of emerging nations like India and China that boast of an illustrious automotive industry. China is known for the highest vehicle production in the world and is making remarkable efforts to enhance the growth of the automotive sector, which works in favor of the Automotive Bearing Market. Automotive industry in the region is believed to be making fantastic progress, on account of the high concentration of manufacturing facilities belonging to renowned OEMs, which in turn, benefits the Automotive Bearing Market.

North America is a highly matured market for automotive bearings, with more and more original equipment manufacturers putting efforts to enhance the production quality of the product. A number of original equipment manufacturers have set up or are expected to set up manufacturing plants in Canada as well as Mexico, which can boost the demand for automotive bearings in the near future. Also, the fast adoption of the latest technologies paired with the mounting demand for advanced automobile products can usher in a host of growth opportunities for market expansion in the region.

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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