Automotive & Transportation

Research Reports in Automotive & Transportation

Automated Truck Loading System (ATLS) Market
August, 2022

The global automated truck loading system (ATLS) market was valued at US$ 2.7 billion in 2021 and it is anticipated to grow up to US$ 4.4 billion by 2031, at a CAGR of 4.8% during the forecast period.

Automated truck loading systems are used for loading and unloading material in trucks in various industries. This system helps reduce the workforce and minimize accidents, hence growing the adoption of an automated truck loading system. Rising automation in the industries is also augmenting the growth of the automated truck-loading system market. Growing transportation of material is focusing on optimizing the logistics supply chain, accelerating the growth of the automated truck loading system market. This system helps to eliminate product damage and increase the efficiency of loading and unloading material.

Global Automated Truck Loading System (ATLS) Market Scope and Report Structure
Report AttributeDetails
Market Size in 2021US$ 2.7 Billion
Market Size in 2031US$ 4.4 Billion
CAGR %4.8%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredLoading Dock, System Type, Application, and Region
Key CompaniesActiw Oy (Finland), Ancra Systems B.V. (The Netherlands), Ari (US), BEUMER Group GmbH & Co. KG (Germany), Blue Star Limited (India), Europa Systems Sp. z o.o (Poland), Joloda Hydraroll Limited (UK), Secon Components S.L (Spain), SMCore Inc. (South Korea), and Technica International SAL (Lebanon)
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Drivers and Trends

Autonomous truck loading plays a vital role in automated logistics processes. Companies such as Google and Tesla have made significant advances in logistics technologies. The future of logistics will include a largely automated truck loading system that assists in delivering goods to distribution centers. Autonomous forklifts will be responsible for unloading packages using a network of conveyor belts and robot arms. Tesla, a leading manufacturer of electric vehicles, is undertaking measures to introduce a fully automatic truck loading system. Similarly, companies such as Amazon and United Parcel Service invest in developing automated delivery processes. Thus, adopting autonomous vehicles will help grow the global automated truck loading system (ATLS) market.

Market Restraints and Challenges

The automation of truck loading operations requires high capital investment. Setting up large-scale automated warehouse facilities involves installing automation equipment, software, and solutions, which incur heavy expenses. It is not viable for several companies to replace their existing logistics processes due to the high cost of new and advanced systems. Automation systems used in industries require maintenance and upgrades occasionally, involving high capital re-investments. Thus, companies with limited financial resources cannot opt for automation systems, thereby restraining the growth of the global automated truck loading system (ATLS) market.

Global Automated Truck Loading System (ATLS) Market Segmental Overview

The report analyses the global automated truck loading system (ATLS) market based on loading dock, system type, application, and region.

Global Automated Truck Loading System (ATLS) Market by Loading Dock

Based on loading dock, it is segmented into flush, enclosed, and saw-tooth. The saw-tooth segment is expected to have the largest automated truck loading system (ATLS) market share in 2021. The major drivers contributing to this growth include increasing the adoption of saw-tooth-designed loading docks for efficient loading and unloading processes. These saw-tooth docks are applied where the dock space needs to be reduced. In this dock design, the truck requires less space as it is already lined up in the driveway direction. Hence, these docks are utilized in industries with space constraints for loading and unloading operations. Due to multiple benefits, the saw-tooth segment is expected to receive the main market attraction resulting in market growth.

Global Automated Truck Loading System (ATLS) Market by System Type

Based on system type, it is segmented into chain conveyor, slat conveyor, belt conveyor, skate conveyor, roller track, and automated guided vehicle. The roller track segment is expected to dominate the market during the forecast period. Roller track system provides an efficient roller system to enable the movement of loads, products, or machinery within a predetermined location. It was mainly invented to improve the manual loading of vehicles. The principle of a roller track system is to have the rollers available only when movement is required, with the load safely located on a floor at all other times. Roller tracks can be incorporated with scissor lifts and dock levelers, making loading and unloading trailers with varying floor heights much easier. Furthermore, Roller track systems have various applications in various industries, including paper, post and parcel, FMGC, pharmaceutical, automotive, and warehouse & distribution. Due to the abovementioned factors, the roller track segment are expected to dominate the market during the forecast period.

Global Automated Truck Loading System (ATLS) Market by Application

Based on application, it is segmented into logistics and transportation industry, food & beverage industry, paper industry, automotive industry, air freight industry, and cement industry. The automotive industry segment is expected to be the largest segment in the automated truck loading system (ATLS) market in 2021. The automotive industry is one of the front runners in the field of automation and mechanization of the logistics chain. The major reasons for this growth include the widespread deployment of ATLS in this industry. The loading system plays a very important role as the components have to be delivered at the correct place, at the correct time, and in the correct sequence. Thus, the automotive industry segment will likely hold a major market share in 2021.

Geographical Analysis of Global Automated Truck Loading System (ATLS) Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Europe market is expected to hold the majority of the market share in 2021. The factors contributing to this growth include the growing importance of adopting automation technologies for truck loading and unloading. The European region majorly comprises automotive and large process industries. These industries continuously strive to achieve greater efficiency by delivering goods on time. Adopting ATLS can help reduce the truck turnaround time, reduce the workforce requirement, and save costs. This, in turn, boosts the demand for automated truck loading system (ATLS) in the Europe region.

Major Players in the Global Automated Truck Loading System (ATLS) Market

The key players studied in the global automated truck loading system (ATLS) market are Actiw Oy (Finland), Ancra Systems B.V. (The Netherlands), Ari (US), BEUMER Group GmbH & Co. KG (Germany), Blue Star Limited (India), Europa Systems Sp. z o.o (Poland), Joloda Hydraroll Limited (UK), Secon Components S.L (Spain), SMCore Inc. (South Korea), and Technica International SAL (Lebanon).

COVID-19 Impact

In 2020, the outbreak of the COVID-19 pandemic led to the unavailability of the workforce. In addition, the industry witnessed disruptions in manufacturing operations and supply chain management. This has significantly impacted the automated truck loading system (ATLS) market. The COVID-19 crisis creates uncertainty in the market by slowing down the supply chains, hampering business growth, and increasing panic among the customer segments. Fleet operators are expected to focus on working capital management, with fewer chances for heavy investment in advanced technology. However, there are most probable chances of sales momentum for the smart fleet management technology, owing to its operational feasibility to attain safety measures and the operations’ cost-effectiveness. In the COVID-19 health crisis scenario, key players enter into contracts and agreements to hold long-term business opportunities. These long-term contracts benefit smart fleet management technology providers and end users or fleet operators. However, as the trend of contactless and effective logistics infrastructure is increasing, the market is anticipated to exhibit a remarkable growth rate in the future.

Recent Developments
  • August 2022, Ancra Systems announces its cooperation with SmartTEH Ltd. In contrast, Ancra extends its ATLs portfolio with a semi-automatic container loading system, particularly suitable for loading long or heavy goods in containers as used in the wood industry and forest industry as well as the steel industry.
  • November 2021, Ancra Systems installed the first Skateloader Pallet & Slip-sheet version in the warehouse of the multinational foods manufacturer. And along with that, the company is building two more Skateloaders for global customers in the beverage and floor/wall panels manufacturing industries.
Frequently Asked Questions

Q1. How big is the automated truck loading system (ATLS) market?

Ans. The global automated truck loading system (ATLS) market size was US$ 2.7 billion in 2021 and is anticipated to reach US$ 4.4 billion in 2031, growing at a rate of 4.8% from 2022 to 2031.

Q2. What is the automated truck loading system (ATLS) market growth rate?

Ans. The growth rate of the automated truck loading system (ATLS) market is 4.8% from 2022 to 2031.

Q3. Which region holds a major market share for the automated truck loading system (ATLS) market?

Ans. Europe holds a major market share of the automated truck loading system (ATLS) market in 2021.

Q4. Which segment accounted for the largest Automated Truck Loading System (ATLS) market share?

Ans. Based on loading dock, it is segmented into flush, enclosed, and saw-tooth. The saw-tooth segment is expected to have the largest automated truck loading system (ATLS) market share in 2021.

Q5. Who are the key players in the automated truck loading system (ATLS) market?

Ans. The global automated truck loading system (ATLS) market report includes players such as are Actiw Oy (Finland), Ancra Systems B.V. (The Netherlands), Ari (US), BEUMER Group GmbH & Co. KG (Germany), Blue Star Limited (India), Europa Systems Sp. z o.o (Poland), Joloda Hydraroll Limited (UK), Secon Components S.L (Spain), SMCore Inc. (South Korea), and Technica International SAL (Lebanon).

Q6. What are the factors driving the automated truck loading system (ATLS) market growth?

Ans. The major factor driving the growth of the market is increasing adoption of autonomous vehicles.

Q7. What are the key growth strategies of automated truck loading system (ATLS) market players?

Ans. The key growth strategies of automated truck loading system (ATLS) market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the automated truck loading system (ATLS) market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the automated truck loading system (ATLS) market during the forecast period.

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Event Logistics Market
August, 2022

The global event logistics market was valued at US$ 58.3 billion in 2021 and it is anticipated to grow up to US$ 81.2 billion by 2031, at a CAGR of 3.3% during the forecast period.

Event logistics involve delivering, controlling, and planning the physical flow of goods. To meet customers’ requirements, accurate information is to be shared by the respective department about the events that have been held. Contracting firms are specialized in handling functions such as storage, warehousing, freight, and storage. The event logistics market consists of several types of events, including entertainment, sports, trade fairs, and other events, including cultural festivals, business conferences, and government-sponsored events.

Further, event organizers provide their clients with event logistics such as storage, event registration, and venue selection. Event logistics services aim to design an event with an efficient method of organizing and controlling all of the individuals participating and the resources required for the event.

Global Event Logistics Market Scope and Report Structure
Report AttributeDetails
Market Size in 2021US$ 58.3 Billion
Market Size in 2031US$ 81.2 Billion
CAGR %3.3%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredType, Application, and Region
Key CompaniesAFP Global Logistics (US), CEVA Logistics (France), Charles Kendall Group (UK), DHL International GmbH (Germany), FedEx Corporation (US), GEODIS (France), Kuehne + Nagel Management AG (Switzerland), Rhenus Group (Germany), Schenker AG (Germany), and XPO Logistics, Inc. (France)
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Drivers and Trends

With the growing industries worldwide, the events are also increasing daily. To organize daily events, event organizers need faster transport systems, such as on-time delivery or just-in-time delivery, to deliver goods quickly. Thus, the air freight services will help faster goods transportation with more safety. With the increasing demand for quick delivery, express shipping is trending nowadays. The express shipping option of air freight makes it valuable for coordinating time-sensitive shipments globally. Small and mid-sized companies benefit from air freight as it allows them to participate in trade shows expeditiously and effectively. Third-party logistics can determine the most reliable and cost-effective means of using air freight options to transport deliveries.

Further, due to the COVID-19 pandemic, there are travel restrictions across the globe. Hence, many airlines are converting their passenger aircraft into air cargo shipping aircraft. Thus, the demand for air freight services will also be high. Therefore, with the high preference for air freight services to other transportation modes, including road and sea, the demand for air freight services will be higher.

Market Restraints and Challenges

With the increase in demand for value-added services and specialized professional supply chain solutions in the event logistics market, the industry is becoming highly competitive in terms of the pricing of services. Vendors in the global event logistics market are under continuous pressure from customers to keep their prices low. Due to the instability of fuel prices, profits from fixed-term contracts with customers have been reduced. Customers are demanding lower rates while renewing contracts. Event organizers demand additional services at the same price; thus, companies face much pressure in pricing their services. The industry is characterized by its capital-intensive nature. The market requires a capital-intensive infrastructure: a large fleet of vehicles and containers at ports, technology-equipped warehouses that store different kinds of products used in events, and a skilled workforce. These types of logistics service providers must control their operational costs to compete in the market. Thus, small-sized event logistics companies that generate low revenue from their business operations break even because of high operating costs. Therefore, the high cost of operation and competitive pricing is also estimated to hamper the global event logistics market growth.

Global Event Logistics Market Segmental Overview

The report analyses the global event logistics market based on type, application, and region.

Global Event Logistics Market by Type

Based on type, it is segmented into inventory management, delivery systems, freight forwarding, and others. The freight forwarding segment is expected to be the largest segment in the event logistics market in 2021. Growth of the global freight forwarding services are propelling, owing to growth in international trade, expansion of the e-commerce industry globally, and rise in the free trade agreements between nations. Further, freight forwarders manage the risks and benefits of shipping both nationally and internationally by performing the required tasks such as freight rate negotiations, container tracking, customs documentation and freight consolidation. Due to these factors mentioned above, the freight forwarding segment is expected to hold a major market share in 2021.

Global Event Logistics Market by Application

Based on application, it is segmented into entertainment and media, sports, corporate events and trade fair, and others. The sports segment is expected to be the largest segment in the event logistics market in 2021 owing to the growth in global sports industry. Emergence of e-sports, rising sponsorships, and increase in internet accessible devices will drive the growth of sports industry. Thus, the sports segment will likely hold a major market share in 2021.

Geographical Analysis of Global Event Logistics Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Europe market is expected to hold the majority of the market share in 2021. Rapid urbanization and consequent rise in disposable income in developing European countries have increased mobile application adoption, which has offered lucrative opportunities for the Europe e-commerce sector with the rise in the number of trade events. European companies have innovated apps that are easy to use, while policy upgrades have attracted many customers. This, in turn, boosts the demand for event logistics in the Europe region.

Major Players in the Global Event Logistics Market

The key players studied in the global event logistics market are AFP Global Logistics (US), CEVA Logistics (France), Charles Kendall Group (UK), DHL International GmbH (Germany), FedEx Corporation (US), GEODIS (France), Kuehne + Nagel Management AG (Switzerland), Rhenus Group (Germany), Schenker AG (Germany), and XPO Logistics, Inc. (France).

COVID-19 Impact

In 2020, the onset of the COVID-19 pandemic and the lockdown resulted in the progression of online purchasing off balance, owing to restrictions on eligible items and limitations placed on physical movement, thereby directly impacting deliveries. Only essentials and medical supplies are being made available. In addition, people are not inclined to spend money beyond their necessities, which offers challenges and opportunities. Due to the COVID-19 pandemic, the e-commerce business faces new challenges in customer behavior, supply chain issues, and economic outlook. The COVID-19 pandemic shifted how consumers behave and carry out their activities, directly affecting the e-commerce industry. Limiting shopping, except for essentials, is becoming a new normal. This results in brands adapting and being flexible to meet changing needs. Hence, in 2020, the COVID-19 pandemic negatively impacted the global event logistics market.

Recent Developments
  • April 2022, FedEx Corporation mentioned its logistics subsidiary had opened a new global headquarters in downtown Memphis, Tennessee.
  • May 2021, FedEx Express announced its association with Reimagining Inclusion for Social Equity (RISE) 2021 as its official logistics partner. The event is Pride Circle’s annual flagship event, and India’s premier and biggest LGBT+ conference, job fair, and marketplace. The virtual event held on May 4-8, 2021, and hosted more than 1,000 changemakers, business leaders, organizations, students, diversity and inclusion professionals, advocates, and experts from around the world.
  • March 2021, DHL Express joins Mumbai Indians as Principal Sponsor and Official Logistics Partner. This partnership with Mumbai Indians marks DHL Express first-ever cricket sponsorship, globally. The association with global brand like DHL Express highlights Mumbai Indians growing stature as a fast-emerging global sports club and preferred brand of choice.
Frequently Asked Questions

Q1. How big is the event logistics market?

Ans. The global event logistics market size was US$ 58.3 billion in 2021 and is anticipated to reach US$ 81.2 billion in 2031, growing at a rate of 3.3% from 2022 to 2031.

Q2. What is the event logistics market growth rate?

Ans. The growth rate of the event logistics market is 3.3% from 2022 to 2031.

Q3. Which region holds a major market share for the event logistics market?

Ans. Europe holds a major market share of the event logistics market in 2021.

Q4. Which segment accounted for the largest event logistics market share?

Ans. Based on type, it is segmented into inventory management, delivery systems, freight forwarding, and others. The freight forwarding segment is expected to be the largest segment in the event logistics market in 2021.

Q5. Who are the key players in the event logistics market?

Ans. The global event logistics market report includes players such as AFP Global Logistics (US), CEVA Logistics (France), Charles Kendall Group (UK), DHL International GmbH (Germany), FedEx Corporation (US), GEODIS (France), Kuehne + Nagel Management AG (Switzerland), Rhenus Group (Germany), Schenker AG (Germany), and XPO Logistics, Inc. (France).

Q6. What are the factors driving the event logistics market growth?

Ans. The major factor driving the growth of the market is the high demand for air freight services globally.

Q7. What are the key growth strategies of event logistics market players?

Ans. The key growth strategies of event logistics market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the event logistics market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the event logistics market during the forecast period.

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Automotive Brake Shims Market
August, 2022

The global automotive brake shims market was valued at US$ 0.5 billion in 2021 and it is anticipated to grow up to US$ 0.8 billion by 2031, at a CAGR of 3.7% during the forecast period.

Automotive brake shims are used in the disc brakes system to control the excessive noise generated by the disc to stop the movement of the wheel hub. Automotive brake shims are used in all vehicles, including two-wheelers, cars, and commercial vehicles. An automotive disc brake can be installed front, rear, or both sides in wheel hubs. Automotive brake shims are designed to provide a multifunction noise control system and act as a component attached to the friction pad backing plate. Nowadays, manufacturers are focusing on high-quality brake shims made up of advanced technological materials or various grades of metals, such as viscoelastic polymers/bonding materials, elastomeric rubbers, and fiberglass.

Global Automotive Brake Shims Market Scope and Report Structure
Report AttributeDetails
Market Size in 2021US$ 0.5 Billion
Market Size in 2031US$ 0.8 Billion
CAGR %3.7%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredMaterial Type, Application, and Region
Key CompaniesAvery Dennison Corporation (US), Brake Performance (US), Brembo S.p.A. (Italy), Delphi Technologies (UK), Meneta (Denmark), Nucap Industries Inc. (Canada), Robert Bosch LLC (Germany), Super Circle Auto Limited (India), TMD Friction Services GmbH (Germany), and Trelleborg AB (Sweden)
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Drivers and Trends

The trend of urbanization is growing rapidly, increasing the average disposable income of the urban population and allowing people to enhance their lifestyles. The transformed lifestyles further boost the demand for passenger cars, thus, propelling the manufacturers to uplift their production to fulfill customers’ requirements. Production of vehicles, including passenger cars and commercial vehicles, registered steady growth in developed and developing economies in the post-recession era since 2010. Lowered interest rates on loans have also favored the growth of the automobile industry.

In the past few years, consumer behavior toward intercity and intracity transit has changed. With an increase in the disposable income of individuals and the stable economic structure of countries, the production of vehicles has been boosted exponentially. With the rising demand for cars globally, car production has increased, creating the requirement for automotive brake shims, thereby increasing the growth in the global automotive brake shims market.

Market Restraints and Challenges

The high initial and installation cost of automotive disc brake systems in automobiles can act as a restraint for the sales of the automotive brake shims market. Moreover, rising prices of vehicles, along with high cost incurred in design and testing, is also estimated to hamper the global automotive brake shims market growth.

Global Automotive Brake Shims Market Segmental Overview

The report analyses the global automotive brake shims market based on material type, application, and region.

Global Automotive Brake Shims Market by Material Type

Based on material type, it is segmented into rubber coated, PSA material, thermoset material, and others. The others segment is expected to be the largest segment in the automotive brake shims market in 2021. High-quality brake shims usually start with a high-quality metal or fibrous material. The shim manufacturer will select a grade of material with the right hardness, thickness, and dampening properties. The elastomeric materials categorized in others segment can be applied to the steel in a controlled process that ensures the correct depth. These materials are then vulcanized to the metal to ensure that they will endure the harsh environment of the braking system. Due to these factors mentioned above, the others segment is expected to hold a major market share in 2021.

Global Automotive Brake Shims Market by Application

Based on application, it is segmented into two-wheeler, passenger vehicle, and commercial vehicle. The passenger vehicle segment is expected to be the largest segment in the automotive brake shims market in 2021. The growing demand of automotive brake shims in passenger cars segment can be primarily attributed to the increased sales of these vehicles when compared to two-wheeler and commercial vehicle are boosting the growth of the market. Thus, the passenger vehicle segment will likely hold a major market share in 2021.

Geographical Analysis of Global Automotive Brake Shims Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021 owing to increasing disposable income of the middle class population with high living standard as well as increasing number of premium segments vehicle sales. This, in turn, boosts the demand for automotive brake shims in the Asia Pacific region.

Major Players in the Global Automotive Brake Shims Market

The key players studied in the global automotive brake shims market are Avery Dennison Corporation (US), Brake Performance (US), Brembo S.p.A. (Italy), Delphi Technologies (UK), Meneta (Denmark), Nucap Industries Inc. (Canada), Robert Bosch LLC (Germany), Super Circle Auto Limited (India), TMD Friction Services GmbH (Germany), and Trelleborg AB (Sweden).

COVID-19 Impact

In 2020, the COVID-19 pandemic forced governments across the globe to implement stringent lockdown and ban the import-export of essential raw material items for most of 2020 and a few months in 2021. This led to a sudden decline in the availability of important raw materials for vehicle components. As a result of interrupted supply chains and production schedules caused by the COVID-19 pandemic, aviation production, and sales suffered severely, which, in turn, negatively impacted the market for automotive brake shims market in 2020.

However, in 2021 and 2022, the production of automobiles increases globally. Similarly, the manufacturing of automotive brake shims rises as per increased vehicle demand. Both these factors have led to positive market growth.

Recent Developments
  • June 2022, Meneta Group had demonstrated its engineering excellence and innovative capacity. At the end of Q1 2022, Meneta finalized the development of a new adhesive named H1. It is the first high-temperature damping acrylic adhesive on the market.
  • February 2020, Bosch launched new parts, including brake pads for selected vehicles. Bosch launched three new brake pad stock-keeping units added to the Bosch QuietCast brake pad product line. The new parts include synthetic lubricant and a hardware kit for specific applications. The brake pads feature multilayer shims for superior noise dampening, providing added protection to the braking system.
Frequently Asked Questions

Q1. How big is the automotive brake shims market?

Ans. The global automotive brake shims market size was US$ 0.5 billion in 2021 and is anticipated to reach US$ 0.8 billion in 2031, growing at a rate of 3.7% from 2022 to 2031.

Q2. What is the automotive brake shims market growth rate?

Ans. The growth rate of the automotive brake shims market is 3.7% from 2022 to 2031.

Q3. Which region holds a major market share for the automotive brake shims market?

Ans. Asia Pacific holds a major market share of the automotive brake shims market in 2021.

Q4. Which segment accounted for the largest automotive brake shims market share?

Ans. Based on application, it is segmented into two-wheeler, passenger vehicle, and commercial vehicle. The passenger vehicle segment is expected to be the largest segment in the automotive brake shims market in 2021.

Q5. Who are the key players in the automotive brake shims market?

Ans. The global automotive brake shims market report includes players such as Avery Dennison Corporation (US), Brake Performance (US), Brembo S.p.A. (Italy), Delphi Technologies (UK), Meneta (Denmark), Nucap Industries Inc. (Canada), Robert Bosch LLC (Germany), Super Circle Auto Limited (India), TMD Friction Services GmbH (Germany), and Trelleborg AB (Sweden).

Q6. What are the factors driving the automotive brake shims market growth?

Ans. The major factor driving the growth of the market is the surge in production of automotive vehicles.

Q7. What are the key growth strategies of automotive brake shims market players?

Ans. The key growth strategies of automotive brake shims market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the automotive brake shims market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the automotive brake shims market during the forecast period.

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Express Delivery Market
August, 2022

The global express delivery market was valued at US$ 279.4 billion in 2021 and it is anticipated to grow up to US$ 495.8 billion by 2031, at a CAGR of 5.9% during the forecast period.

Express delivery is the fastest form of shipping that involves the delivery of various goods and products through different mediums, such as air, water, and land. The customer pays an extra shipping cost for this type of delivery, as the shipment will get transported to him anywhere between 24 to 72 hours, depending on the distance of the shipment. In express shipping, the price and rates are also higher when compared with other forms of transportation. Further, express delivery services significantly operate on the business-to-business (B2B) and business-to-customer (B2C) models. These include personal and business items such as letters, documents, merchandise, consumer goods, and other non-palletized goods. Several express delivery service providers offer value-added services such as packaging, labeling, billing, payment collection, return, and exchange.

Global Express Delivery Market Scope and Report Structure
Report AttributeDetails
Market Size in 2021US$ 279.4 Billion
Market Size in 2031US$ 495.8 Billion
CAGR %5.9%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredDestination, Business Type, End User, and Region
Key CompaniesAsstrA-Associated Traffic AG (Switzerland), Courier Express (US), Delhivery Limited (India), Deutsche Post DHL Group (Germany), DTDC Express Limited (India), Ecom Express Limited (India), Express Delivery Services (India), FedEx Corporation (US), S.F. Express Co., Ltd. (China), and TCI Express Limited (India)
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Drivers and Trends

Developing cross-border trade channels, especially in emerging nations, has enhanced international trade and B2C shipment adoption. Also, the growth of cross-border e-commerce coupled with rapid globalization is the key factor for developing international trade in the country. Attributed to factors such as unavailability of products in the domestic market, affordability, and better quality, people prefer to buy things from international websites. Therefore, growth in cross-border e-commerce sales led to an increase in the import volume of international parcels, which fuels the demand for express delivery services in the country. In addition, the development of the overseas market is a significant factor that fuels the market’s growth. Hence, express delivery services are gaining significance as the global economy becomes increasingly integrated, owing to rapid growth in international trade services. This factor drives the growth of the global express delivery market.

Market Restraints and Challenges

Infrastructure availability and quality are key components in determining the express delivery environment of a country. It can be observed that in terms of infrastructure, express delivery services suffer from limited capacity and capability. These include significant inefficiencies in transport, poor condition of storage infrastructure, complex tax structure, low rate of technology adoption, and poor skills of delivery professionals. Poor road transportation infrastructure is one of the key issues affecting the express delivery market. Also, metropolis traffic congestion is a major issue in the population concentrated in urban areas for express deliveries in the domestic market. In addition, airfreight transport is very important for express delivery of items, especially for international parcel deliveries that are time bound. Thus, lack of adequate airfreight may delay delivery.

Further, many countries lack postal codes and rely on local landmarks for addresses, so shipping companies often have trouble delivering parcels successfully. Furthermore, factors such as lack of skilled workforce, poor IT infrastructure, and over-reliance on cash-on-delivery (CoD) payment also affect the growth of express delivery services in several countries worldwide. Therefore, a lack of infrastructure is anticipated to hinder the growth of the express delivery market.

Global Express Delivery Market Segmental Overview

The report analyses the global express delivery market based on destination, business type, end user, and region.

Global Express Delivery Market by Destination

Based on destination, it is bifurcated into domestic and international. The domestic segment is expected to have the largest express delivery market share in 2021. Domestic express delivery is a fast and common service best suited to small and medium-sized packages. Send packages easily across the country’s borders with delivery to most business locations and postcodes on the next working day. This is a perfect option for time-sensitive and urgent parcels, with complete monitoring available to help consumers keep an eye on where their package is. For instance, DHL International GmbH., offers local express delivery services. Due to multiple benefits, the domestic segment is expected to receive the main market attraction resulting in market growth.

Global Express Delivery Market by Business Type

Based on business type, it is bifurcated into B2B and B2C. The B2B segment is expected to dominate the market during the forecast period. B2B express delivery refers to delivering packages couriers and other important documents or products of businesses to other enterprises. Express delivery is highly adopted by businesses to courier products such as documents on urgent basis to their client companies in order to maintain continuous and smooth daily business processes. Documents include important papers such as legal and financial documents, which surges the demand for instance or same day delivery to the other organization in order to minimize any risk of misplacement, which may cause severe losses to both the companies. Due to the abovementioned factors, the B2B segment are expected to dominate the market during the forecast period.

Global Express Delivery Market by End User

Based on end user, it is segmented into BFSI, automotive, pharmaceuticals, IT and telecom, electronics, retail and ecommerce, and others. The automotive segment is expected to be the largest segment in the express delivery market in 2021. The automotive sector utilizes express delivery services to transport manufactured cars from manufacturing units to various sales points within and outside the country’s borders. Various forms of transportation are used for automotive transportation, such as road, rail, overseas, and air. Thus, the automotive segment will likely hold a major market share in 2021.

Geographical Analysis of Global Express Delivery Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. This is attributed to the rise in e-commerce, high population growth, rising disposable incomes & standards of living, high government support for development of logistics infrastructure and growth in international trade. This, in turn, boosts the demand for express delivery in the Asia Pacific region.

Major Players in the Global Express Delivery Market

The key players studied in the global express delivery market are AsstrA-Associated Traffic AG (Switzerland), Courier Express (US), Delhivery Limited (India), Deutsche Post DHL Group (Germany), DTDC Express Limited (India), Ecom Express Limited (India), Express Delivery Services (India), FedEx Corporation (US), S.F. Express Co., Ltd. (China), and TCI Express Limited (India).

COVID-19 Impact

In 2020, due to the COVID-19 pandemic, the US was the world’s worst affected country, thus affecting business across all the industries in the region. Millions of Americans sit at home amid the COVID-19 crisis, thereby reducing the rate of online shopping and their demand for express delivery of purchased items across the region. However, the healthcare industry utilized express delivery companies’ services even during the pandemic. But the share of services utilized by other industries stands more than the healthcare sector, which negatively impacting the market growth. However, regional companies are taking necessary steps to reduce the impact of losses incurred during the COVID-19 pandemic.

Recent Developments
  • July 2022, DHL Express Germany marked the official start of construction for its new Munich Airport facility with a groundbreaking ceremony. The building, built on parking lots P 80 and P 80 West, will boast a gross floor area of over 11,000 square meters. This will make the facility almost seven times larger than the warehouse DHL Express currently rents at Munich Airport’s cargo center. DHL Express will build and operate the new site on land leased from the airport operator Flughafen München GmbH (FMG).
  • July 2022, DHL eCommerce Solutions had planned to invest €560m across its UK e-commerce operation, DHL Parcel UK. The investment comes following a 40% volume uplift since the start of 2020 and soaring demand for its e-commerce and B2B services. The expansion project is designed to deliver the right infrastructure to facilitate growth and put the business at the forefront of sustainable digital logistics.
  • June 2022, FedEx Corp. hosted an investor meeting where President & Chief Executive Officer and the FedEx leadership team will present a strategic plan to deliver more value for customers, stockholders, and team members. FedEx will also outline its fiscal 2025 financial targets.
Frequently Asked Questions

Q1. How big is the express delivery market?

Ans. The global express delivery market size was US$ 279.4 billion in 2021 and is anticipated to reach US$ 495.8 billion in 2031, growing at a rate of 5.9% from 2022 to 2031.

Q2. What is the express delivery market growth rate?

Ans. The growth rate of the express delivery market is 5.9% from 2022 to 2031.

Q3. Which region holds a major market share for the express delivery market?

Ans. Asia Pacific holds a major market share of the express delivery market in 2021.

Q4. Which segment accounted for the largest express delivery market share?

Ans. Based on destination, it is bifurcated into domestic and international. The domestic segment is expected to have the largest express delivery market share in 2021.

Q5. Who are the key players in the express delivery market?

Ans. The global express delivery market report includes players such as AsstrA-Associated Traffic AG (Switzerland), Courier Express (US), Delhivery Limited (India), Deutsche Post DHL Group (Germany), DTDC Express Limited (India), Ecom Express Limited (India), Express Delivery Services (India), FedEx Corporation (US), S.F. Express Co., Ltd. (China), and TCI Express Limited (India).

Q6. What are the factors driving the express delivery market growth?

Ans. The major factor driving the growth of the market is rapid growth in international trade services.

Q7. What are the key growth strategies of express delivery market players?

Ans. The key growth strategies of express delivery market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the express delivery market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the express delivery market during the forecast period.

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Motorcycle ADAS Market
August, 2022

The global motorcycle ADAS market was valued at US$ 1.2 billion in 2021 and it is anticipated to grow up to US$ 2.6 billion by 2031, at a CAGR of 7.7% during the forecast period.

Advanced driver assistance systems (ADAS) are electronic components in vehicles that provide the driver with an intelligent driving experience. These systems comprise unique sensors such as ultrasonic sensors, image sensors, radar, and others. Deployment of ADAS in vehicles enhances comfort and ensures safety on the road, which is anticipated to be a major trend in the automotive industry. System of motorcycle ADAS includes anti-lock braking system (ABS), adaptive cruise control (ACC), traction control system (TCS), and others.

Global Motorcycle ADAS Market Scope and Report Structure
Report AttributeDetails
Market Size in 2021US$ 1.2 Billion
Market Size in 2031US$ 2.6 Billion
CAGR %7.7%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredComponent, System, Propulsion, and Region
Key CompaniesBajaj Auto Limited (India), Continental AG (Germany), IPG Automotive GmbH (Germany), KTM Sportmotorcycle GmbH (Austria), M-ADAS (Israel), Mechanical Simulation Corporation (US), Robert Bosch GmbH (Germany), Sensata Technologies, Inc. (US), Yamaha Motor Co., Ltd. (Japan), and ZF Friedrichshafen AG (Germany)
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Drivers and Trends

Motorbikes are the most used conveyance option to travel from one location to another. They let the riders move through constricted spaces, are fast & highly maneuverable, and offer a thrilling experience while traveling on different terrains. Over the years, different kinds of motorcycles such as sport, cruiser, touring, and mopeds have been launched to cater to different customer needs. With an increasing number of cars fitted with advanced navigation, infotainment, telematics, and autonomous technologies, the demand for such bike features is anticipated to increase in the coming years. While a rising number of companies are installing features such as a global positioning system (GPS) and connected bikes, some are developing bikes with ADAS features that are anticipated to offer riders a superior driving experience. By installing state-of-the-art sensor systems and artificial intelligence (AI) technologies, bikes would offer features projected to cater to the requirements of a skilled and untrained rider. Hence, a rise in demand for technologically advanced bikes is expected to propel the growth of the global motorcycle ADAS market.

Market Restraints and Challenges

The increasing installation of sensors and devices in motorcycles has made driving convenient. Sensors provide additional services such as music controls, navigation, hands-free calls, and messages. Built-in computer systems and sensors provide a better driving experience, but if mismanaged or incorrectly updated, they can cause catastrophic accidents and injuries. Depending on where and how it occurs, automotive software failure can place vehicle occupants in severe danger of catastrophic injury. Automotive software has evolved into complicated and sophisticated programs for operating advanced automobile technology and components such as camera systems, sensors, and others. As the automotive software gets intricate, the risk of failure increases. Many modern vehicles contain multiple electronic control units (ECUs) connected through network connections, most of which are required to perform essential safety systems such as antilock braking system (ABS), adaptative cruise control (ACC), traction control system (TCS), object detection based on camera images, and others. A company in the automotive supply chain may provide software for ECUs, or the manufacturer may develop and code it. When working with ECUs, one must test the complete system to ensure that all components are working properly. The failure of the vehicle’s automated braking and forward collision avoidance systems might result in accidents and injuries if an ECU malfunctions. Moreover, accidents can occur when software malfunctions and essential vehicle systems cease operating. In addition, software bugs create misalignment or disruption in the automotive sensors’ real-time environmental monitoring capability. The failure of automotive software and sensors has a negative effect on the performance of the ADAS system, limiting the growth of the global motorcycle ADAS market.

Global Motorcycle ADAS Market Segmental Overview

The report analyses the global motorcycle ADAS market based on component, system, propulsion, and region.

Global Motorcycle ADAS Market by Component

Based on component, it is segmented into ECU, sensors, gear assitors, and others. The ECU segment is expected to have the largest motorcycle ADAS market share in 2021. Motorcycle manufacturers will move from carburetors to electronic systems to comply with regulations. Electronically controlled systems enable motorcycles (and other small engine applications) to meet stricter emissions regulations. Due to multiple benefits, the ECU segment is expected to receive the main market attraction resulting in market growth.

Global Motorcycle ADAS Market by System

Based on system, it is segmented into ABS, ACC, TCS, and others. The ABS segment is expected to dominate the market during the forecast period. Factors attributing to the growth of the ABS segment is increasing motorbikes accidents due to brake failure and increasing awareness regarding road safety among consumers. Adaptive cruise control is the second dominating segment in the market owing to the increasing demand for accurate bike data for improvement of future bike performances. Due to the abovementioned factors, the ABS segment is expected to dominate the market during the forecast period.

Global Motorcycle ADAS Market by Propulsion

Based on propulsion, it is bifurcated into gasoline and electric. The gasoline segment is expected to be the largest segment in the motorcycle ADAS market in 2021 owing to the increasing production of motorcycles and increasing demand for technologically advanced cruise control of bike rides. Thus, the gasoline segment will likely hold a major market share in 2021.

Geographical Analysis of Global Motorcycle ADAS Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Europe market is expected to hold the majority of the market share in 2021 owing to the high rate of adoption of systems and the development of the automotive sector infrastructure, leading to increased production of vehicles with safety systems, especially in Germany, France, the U.K., and Spain. Major motorcycle manufacturers are present in the region. This, in turn, boosts the demand for motorcycle ADAS in the Europe region.

Major Players in the Global Motorcycle ADAS Market

The key players studied in the global motorcycle ADAS market are Bajaj Auto Limited (India), Continental AG (Germany), IPG Automotive GmbH (Germany), KTM Sportmotorcycle GmbH (Austria), M-ADAS (Israel), Mechanical Simulation Corporation (US), Robert Bosch GmbH (Germany), Sensata Technologies, Inc. (US), Yamaha Motor Co., Ltd. (Japan), and ZF Friedrichshafen AG (Germany).

COVID-19 Impact

In 2020, the COVID-19 pandemic forced governments across the globe to implement stringent lockdown and ban the import-export of essential raw material items for most of 2020 and a few months in 2021. This led to a sudden decline in the availability of important raw materials for vehicle components. As a result of interrupted supply chains and production schedules caused by the COVID-19 pandemic, aviation production, and sales suffered severely, which, in turn, negatively impacted the market for motorcycle ADAS market in 2020.

However, in 2021 and 2022, the production of automobiles increases globally. Similarly, the manufacturing of motorcycle ADAS rises as per increased vehicle demand. Both these factors have led to positive market growth.

Recent Developments
  • April 2022, Continental AG ups bet on India; set to make new investments. Continental made a significant investment of ”close to 260 million Euros’ (approximately INR 2,100) in India, followed by a ‘high two digit’ million Euros between 2018 and 2020. The latest project under the investment already made is a surface solutions plant near Pune that cost the company a couple of hundred crore rupees.
  • September 2021, The ZF e-bike speed sensor enriches the new trend of ABS applications. The ZF e-bike speed sensor GS82-AA02 was specially developed for use in Pedelecs and S-Pedelecs. Based on hall technology, the sensor, combined with an external, ferromagnetic speed disk, achieves a high-resolution speed measurement. The sensor targets the slot structure of the speed disc and, depending on the number of slots, and it transmits up to 50 or more speed signals per wheel revolution.
  • August 2021, Bosch planned to start production of motorcycle ABS at its Amata plant in Rayong, Thailand, in the second quarter of 2022. Following Japan and India, the Amata plant will be Bosch’s third manufacturing site for motorcycle ABS worldwide. This global manufacturing network allows Bosch to support global two-wheeler manufacturers’ efforts to optimize their supply chains.
Frequently Asked Questions

Q1. How big is the motorcycle ADAS market?

Ans. The global motorcycle ADAS market size was US$ 1.2 billion in 2021 and is anticipated to reach US$ 2.6 billion in 2031, growing at a rate of 7.7% from 2022 to 2031.

Q2. What is the motorcycle ADAS market growth rate?

Ans. The growth rate of the motorcycle ADAS market is 7.7% from 2022 to 2031.

Q3. Which region holds a major market share for the motorcycle ADAS market?

Ans. Europe holds a major market share of the motorcycle ADAS market in 2021.

Q4. Which segment accounted for the largest motorcycle ADAS market share?

Ans. Based on component, it is segmented into ECU, sensors, gear assitors, and others. The ECU segment is expected to have the largest motorcycle ADAS market share in 2021.

Q5. Who are the key players in the motorcycle ADAS market?

Ans. The global motorcycle ADAS market report includes players such as Bajaj Auto Limited (India), Continental AG (Germany), IPG Automotive GmbH (Germany), KTM Sportmotorcycle GmbH (Austria), M-ADAS (Israel), Mechanical Simulation Corporation (US), Robert Bosch GmbH (Germany), Sensata Technologies, Inc. (US), Yamaha Motor Co., Ltd. (Japan), and ZF Friedrichshafen AG (Germany).

Q6. What are the factors driving the motorcycle ADAS market growth?

Ans. The major factor driving the growth of the market is increase in demand from customers for technologically advanced motorbikes.

Q7. What are the key growth strategies of motorcycle ADAS market players?

Ans. The key growth strategies of motorcycle ADAS market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the motorcycle ADAS market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the motorcycle ADAS market during the forecast period.

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Freight Forwarding Market
August, 2022

The global freight forwarding market was valued at US$ 192.5 billion in 2021 and it is anticipated to grow up to US$ 285.2 billion by 2031, at a CAGR of 4.0% during the forecast period.

Freight forwarding is organizing, coordinating, and shipping goods from one place to another across international borders through a single or multiple carriers. The shipment of the goods occurs through land, air, or sea. The company responsible for organizing the shipment is known as a freight forwarder. Freight forwarders manage the benefits and risks of shipping nationally and internationally by performing the required tasks, including container tracking, freight rate negotiations, freight consolidation, and customs documentation. Moreover, freight forwarding comprises numerous stages such as export customs clearance, export haulage, import customs clearance, origin handling, destination handling, and import haulage.

Global Freight Forwarding Market Scope and Report Structure
Report AttributeDetails
Market Size in 2021US$ 192.5 Billion
Market Size in 2031US$ 285.2 Billion
CAGR %4.0%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredService, Mode of Transport, Customer Type, End-use Industry, and Region
Key CompaniesCEVA Logistics (The Netherlands), Deutsche Post DHL Group (Germany), Dimerco Express Corporation (Taiwan), DSV A/S (Denmark), FedEx Corporation (US), Kuehne + Nagel Management AG (Switzerland), MGF (Canada), Nippon Express Co., Ltd. (Japan), Schenker AG (Germany), and United Parcel Service of America, Inc. (US)
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Drivers and Trends

A surge in international trade volumes is one of the primary drivers of the growth of the freight forwarding market. An increasing number of trade agreements, especially among emerging economies, is a key factor driving the growth of international trade. Additionally, a booming e-commerce market has helped augment trade activities, resulting in increased freight forwarding market growth.

Further, integrated services offered by freight forwarders are another key factor responsible for the growth of the freight forwarding market. Besides transporting cargo, freight forwarders also provide other integrated services such as packaging, insurance, and documentation. Thus, the availability of a wide range of services has also resulted in propelling the growth of the freight forwarding market.

Market Restraints and Challenges

In the past, the story of manufacturing was globalization. But, in recent years, manufacturers have begun to move production closer to home. This means new or expanded local facilities, which makes the opportunity to upgrade to smart factory infrastructure at these facilities irresistible. People have witnessed many global supply chain disruptions in the past, such as an earthquake & tsunami in Japan, floods in Thailand, a US-China trade war, and the COVID-19 pandemic. The push for reshoring to minimize supply chain disruption started long before COVID-19, but it accelerated majorly during the pandemic as the importance of supply chain resilience came to the forefront. Thus, the rise in reshoring and nearshoring manufacturing is projected to create challenges for the global freight forwarding market.

Global Freight Forwarding Market Segmental Overview

The report analyses the global freight forwarding market based on service, mode of transport, customer type, end-use industry, and region.

Global Freight Forwarding Market by Service

Based on service, it is segmented into transportation and warehousing, packaging and documentation, and value-added services. The transportation and warehousing segment is expected to have the largest freight forwarding market share in 2021. Businesses are a part of society, which cannot function on their own. Two aspects of any economy that affect a company’s functionality are its transportation and warehousing. Transportation systems help firms to move their products from one point to another. Similarly, warehousing facilities allow them to stock their inventory. Due to above factor, the transportation and warehousing segment is expected to receive the main market attraction resulting in market growth.

Global Freight Forwarding Market by Mode of Transport

Based on mode of transport, it is segmented into land freight forwarding, sea freight forwarding, and air freight forwarding. The air freight forwarding segment is expected to dominate the market during the forecast period owing to increasing internet penetration, infrastructure expansions, and rising buying power parity. Due to these factors mentioned above, the air freight forwarding segment is expected to dominate the market during the forecast period.

Global Freight Forwarding Market by Customer Type

Based on customer type, it is bifurcated into B2B and B2C. The B2B years segment is expected to be the largest segment in the freight forwarding market in 2021. B2B marketplaces were rightly positioned to take advantage of the opportunity, offering quality products at reasonable prices and reliable delivery schedules, coupled with necessary standard credit terms. Thus, the B2B segment will likely hold a major market share in 2021.

Global Freight Forwarding Market by End-use Industry

Based on end-use industry, it is segmented into retail and e-commerce, manufacturing, healthcare, automotive, and others. The retail and e-commerce segment is expected to dominate the market during the forecast period owing to the e-commerce sector is rapidly evolving as the internet becomes more accessible in different parts of the world. The improvement of consumer experiences in e-commerce stores is evident. An increase in internet accessibility, plenty of products & personalized offers, ease of transaction, and the absence of the constraints of a physical presence and interaction make online shopping desirable to consumers. Due to these factors mentioned above, the retail and e-commerce segment is expected to dominate the market during the forecast period.

Geographical Analysis of Global Freight Forwarding Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021 due to increasing customer preference for purchasing online. Moreover, the presence of many potential vendors in this region further encourages market growth. This, in turn, boosts the demand for freight forwarding in the North America region.

Major Players in the Global Freight Forwarding Market

The key players studied in the global freight forwarding market are CEVA Logistics (The Netherlands), Deutsche Post DHL Group (Germany), Dimerco Express Corporation (Taiwan), DSV A/S (Denmark), FedEx Corporation (US), Kuehne + Nagel Management AG (Switzerland), MGF (Canada), Nippon Express Co., Ltd. (Japan), Schenker AG (Germany), and United Parcel Service of America, Inc. (US).

COVID-19 Impact

The COVID-19 pandemic resulted in flight cancellations, travel bans, and the implementation of quarantine measures, which caused massive disruption of the supply chain and logistics activities across the globe. The impact of the COVID-19 pandemic had resulted in workforce changes and temporary restrictions on the movement of goods. Several countries shut down their borders and limited transportation & travel to contain the COVID-19 pandemic. Due to the COVID-19 pandemic, important supply chains in the logistics and transportation industry were hampered, though differently across air, land, and sea modes of transportation. The supply chain disturbance created by the COVID-19 pandemic had negatively impacted competitiveness and jobs lost in the logistics industry for a while. Moreover, an increase in demand for healthcare and FMCG supplies such as hospital supplies, gloves, sanitizers, vaccinations, and perishable food items, propelled the growth of the freight forwarding market during the COVID-19 pandemic.

Recent Developments
  • July 2022, DHL Global Forwarding had signed an agreement with Hapag-Lloyd, a leading worldwide liner shipping company, to use advanced biofuels. The two companies share the vision of decarbonizing container shipping and logistics. Their project demonstrates the scalability of sustainable transport solutions and the relevance of sustainable fuels in today’s market.
  • March 2022, CEVA is continuously strengthening its presence in the Nordics. The ocean freight segment in the Nordic countries is rising steadily. The most important destinations for Nordic exports are the US and China, with particularly strong growth in the automotive and industrial sectors.
Frequently Asked Questions

Q1. How big is the freight forwarding market?

Ans. The global freight forwarding market size was US$ 192.5 billion in 2021 and is anticipated to reach US$ 285.2 billion in 2031, growing at a rate of 4.0% from 2022 to 2031.

Q2. What is the freight forwarding market growth rate?

Ans. The growth rate of the freight forwarding market is 4.0% from 2022 to 2031.

Q3. Which region holds a major market share for the freight forwarding market?

Ans. North America holds a major market share of the freight forwarding market in 2021.

Q4. Which segment accounted for the largest freight forwarding market share?

Ans. Based on service, it is segmented into transportation and warehousing, packaging and documentation, and value-added services. The transportation and warehousing segment is expected to have the largest freight forwarding market share in 2021.

Q5. Who are the key players in the freight forwarding market?

Ans. The global freight forwarding market report includes players such as CEVA Logistics (The Netherlands), Deutsche Post DHL Group (Germany), Dimerco Express Corporation (Taiwan), DSV A/S (Denmark), FedEx Corporation (US), Kuehne + Nagel Management AG (Switzerland), MGF (Canada), Nippon Express Co., Ltd. (Japan), Schenker AG (Germany), and United Parcel Service of America, Inc. (US).

Q6. What are the factors driving the freight forwarding market growth?

Ans. The major factors driving the growth of the market are surge in international trade volumes and integrated services offered by freight forwarders.

Q7. What are the key growth strategies of freight forwarding market players?

Ans. The key growth strategies of freight forwarding market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the freight forwarding market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the freight forwarding market during the forecast period.

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Automotive Drum Brake Market
August, 2022

The global automotive drum brake market was valued at US$ 5.6 billion in 2021 and it is anticipated to grow up to US$ 9.1 billion by 2031, at a CAGR of 4.9% during the forecast period.

A drum brake is a system consisting of a set of brake shoes that are forced on the outer drum-shaped cover to stop the vehicle. It is a cost-effective type of brake system used in automobiles. A drum brake has two main parts, such as the lining and the shoes. The lining is made of a material that can create friction, such as asbestos, and the shoes are metal plates that squeeze against the lining. Moreover, the drum brake system has existed for a long time and has become an integrated part of the automobile industry. Drum brakes are mostly used in heavy-duty and medium-duty commercial vehicles.

Global Automotive Drum Brake Market Scope and Report Structure
Report Attribute Details
Market Size in 2021$5.6 bn
Market Size in 2031$9.1 bn
Growth Rate (2021-31)4.9%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredProduct Type, Braking Type, Vehicle Type, and Region
Key CompaniesAISIN CORPORATION (Hosei Brake Industry Co., Ltd.) [Japan], Akebono Brake Industry Co., Ltd. (Japan), Brembo S.p.A. (Italy), Continental AG (Germany), Haldex Group (Sweden), HELLA GmbH & Co. KGaA (Germany), Hyundai Mobis (South Korea), Knorr-Bremse AG (Germany), Mando Corporation (South Korea), and TRW Automotive (US)
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Drivers and Trends

As the demand for automobiles are surging, the regulatory mandates for making the automobiles safer are also increasing, thereby leading to a surging in demand for drum brakes. Several governments of countries such as India have taken steps in regulating safety-critical components within commercial vehicles and passenger vehicles, which has resulted in a rising demand for automotive drum brakes. For instance, as per Ministry of Road Transport and Highways (Government of India) website, the Government of India is deeply concerned about the growth in the number of road accidents, injuries and fatalities in 2020, 2021, and 2022. It recognizes that road accidents have now become a major public health issue, and the victims are mainly the poor and vulnerable road users. Further, the government is taking steps to ensure that safety features are built in at the stage of design, manufacture, usage, operation and maintenance of both motorized and non-motorized vehicles in line with international standards and practices in order to minimize adverse safety and environmental effects of vehicle operation on road users (including pedestrians and bicyclists) and infrastructure.

Moreover, the rise in road accidents due to brake failure compels government bodies to introduce new norms, which would help in reducing fatalities. As per article published by The Print, in January 2022, over 29,000 road accidents were reported and 13,346 people died in these incidents in Maharashtra in 2021. And due to this, Indian union minister for Road Transport and Highways has approved the Draft GSR Notification to introduce Bharat NCAP (New Car Assessment Program), wherein automobiles in India shall be accorded star ratings based upon their performance in crash tests.

Therefore, with all these government initiatives regarding road accident safety, the requirement for drum brakes increases due to better-stopping performance. Thus, growing norms for reducing fatalities caused due to vehicle accidents are acting as a driving factor.

Market Restraints and Challenges

Compared to drum brakes, drum brakes are quite new and more advanced. They offer quite a high braking power for their size as well. Even small-size drum brakes offer quite a large braking power and can stop high-speed vehicles better than a drum brake can. As the drum brakes are open, they have good heat dissipation, ensuring they never overheat. Again, being open, they retain no unwanted material and thus don’t fall to rusting or performance degradation. Therefore, the increase in the adoption of drum brakes due to above mentioned factors may hinder the growth of the global automotive drum brake market.

Global Automotive Drum Brake Market Segmental Overview

The report analyses the global automotive drum brake market based on product type, braking type, vehicle type, and region.

Global Automotive Drum Brake Market by Product Type

Based on product type, it is segmented into leading trailing shoe brake, two leading shoe brake, and servo brake. The two leading shoe brake segment is likely to dominate the market during the forecast period. The types of brakes apply greater braking force than the other two product types, which apply a lower braking force. The two leading shoe brakes can move effectively when moving forward and backwards. Thus, numerous benefits of the two leading shoe brake segment boost the market’s growth.

Global Automotive Drum Brake Market by Braking Type

Based on braking type, it is segmented into normal braking, automatic self-adjustment, and emergency braking. The normal braking segment is likely to hold the major share of the market in 2021. Normal braking is the most commonly used brake type in cars. It works with friction pads to stop a car or any other vehicle by converting kinetic energy into heat, thus slowing down the motion of the object. Normal braking can be performed using materials such as asbestos and carbon. Still, these are not feasible because of the health risks involved due to their toxicity. To make normal brakes safer and more efficient, organic materials have been replaced by non-toxic ceramic compounds that work on similar principles.

Global Automotive Drum Brake Market by Vehicle Type

Based on vehicle type, it is segmented into passenger vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). The passenger vehicles segment is likely to hold the major share of the market in 2021. The use of drum brake systems in passenger vehicles is rising due to their low manufacturing, installation cost, and easy operability. Passenger vehicle manufacturers are increasingly adopting drum brakes over drum brakes owing to their high performance, longer life, and easier maintenance. Drum brake systems are also increasingly used in electric and hybrid passenger cars to improve the vehicle’s overall efficiency. Drum brakes are also preferred for vehicles with low-power engines as they provide better braking performance in such cases. Therefore, due to several benefits of drum brakes over drum brakes, passenger vehicles segment have the highest market share.

Geographical Analysis of Global Automotive Drum Brake Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share during the forecast period. The demand for this technology is the largest in the Asia Pacific region due to manufacturing of large number of vehicles across Asia Pacific and rising government norms in India regarding road accidents are the key factors supporting the market growth in this region. This, in turn, boosts the demand for automotive drum brakes in the Asia Pacific region.

Major Players in the Global Automotive Drum Brake Market

The key players studied in the global automotive drum brake market are AISIN CORPORATION (Hosei Brake Industry Co., Ltd.) [Japan], Akebono Brake Industry Co., Ltd. (Japan), Brembo S.p.A. (Italy), Continental AG (Germany), Haldex Group (Sweden), HELLA GmbH & Co. KGaA (Germany), Hyundai Mobis (South Korea), Knorr-Bremse AG (Germany), Mando Corporation (South Korea), and TRW Automotive (US).

COVID-19 Impact

In 2020, due to the COVID-19 pandemic, global automobile manufacturers and suppliers faced a massive shortage of drum brakes. Due to mass lockdowns, travel bans, and business shutdowns, the COVID-19 pandemic had affected major economies and countless industries in various countries. The imposition of lockdown had resulted in a decline in production and service activities. The COVID-19 pandemic impact on the automotive sector had led to the shutting down of assembly plants, a slowdown in manufacturing processes, and disruptions in the supply chain. These resulted in a significant drop in vehicle sales in early 2020. Due to all these factors, the COVID-19 pandemic negatively impacted the global automotive drum brake market.

However, in 2021 and 2022, the production of automobiles increases globally. Similarly, the manufacturing of drum brakes rises as per increased vehicle demand. Both these factors have led to positive market growth.

Recent Developments
  • February 2022, ​​​​​​​ Brembo had created customizable braking systems for all 24 riders participating in the forthcoming 21st MotoGP Championship. This follows a winning streak where Brembo brakes were used on bikes that won 33 World Rider Championships, and 34 World Constructor Championships and triumphed in more than 500 GPs with leading teams.
  • May 2020, Haldex Group had started offering WebTECH online training classes individualized to meet the manufacturer’s specific needs. The team worked with manufacturers through a Haldex representative to schedule the date, time, duration, topic, and several participants. The topics include S-cam/drum brakes, ABS (anti-lock braking systems), disc brakes, basic technical tips, troubleshooting talk-throughs, and live video problem-solving.
Frequently Asked Questions

Q1. How big is the automotive drum brake market?

Ans. The global automotive drum brake market size was US$ 5.6 billion in 2021 and is anticipated to reach US$ 9.1 billion in 2031, growing at a rate of 4.9% from 2022 to 2031.

Q2. What is the automotive drum brake market growth rate?

Ans. The growth rate of the automotive drum brake market is 4.9% from 2022 to 2031.

Q3. Which region holds a major market share for the automotive drum brake market?

Ans. Asia Pacific holds a major market share of the automotive drum brake market in 2021.

Q4. Which segment accounted for the largest automotive drum brake market share?

Ans. Based on product type, it is segmented into leading trailing shoe brake, two leading shoe brake, and servo brake. The two leading shoe brake segment is likely to hold the major share of the market in 2021.

Q5. Who are the key players in the automotive drum brake market?

Ans. The global automotive drum brake market report includes players such as AISIN CORPORATION (Hosei Brake Industry Co., Ltd.) [Japan], Akebono Brake Industry Co., Ltd. (Japan), Brembo S.p.A. (Italy), Continental AG (Germany), Haldex Group (Sweden), HELLA GmbH & Co. KGaA (Germany), Hyundai Mobis (South Korea), Knorr-Bremse AG (Germany), Mando Corporation (South Korea), and TRW Automotive (US).

Q6. What are the factors driving the automotive drum brake market growth?

Ans. The major factor driving the growth of the market is rising norms for reducing fatalities caused due to vehicle accidents.

Q7. What are the key growth strategies of automotive drum brake market players?

Ans. The key growth strategies of automotive drum brake market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the automotive drum brake market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the automotive drum brake market during the forecast period.

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Automotive Disc Brake Market
August, 2022

The global automotive disc brake market was valued at USD 15.5 billion in 2021 and it is anticipated to grow up to USD 21.8 billion by 2031, at a CAGR of 3.5% during the forecast period.

An automotive disc brake is one of the types of brake that consists of a disc rotor that rotates together with the wheel and a fixed brake caliper that is equipped with brake pads. Disc brakes offer several advantages, including optimal operation without the need for additional expenses for adjustment & cleaning, overall capacity, and less cooling time.

Disc brakes offer better-stopping performance than drum brakes, as the disc is cooled readily. Further, disc brakes provide a more controlled and shorter braking distance irrespective of the road conditions, thereby ensuring the safety of the occupants.

Global Automotive Disc Brake Market Scope and Report Structure
Report Attribute Details
Market Size in 2021$15.5 bn
Market Size in 2031$21.8 bn
Growth Rate (2021-31)3.5%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredType, Material Type, Vehicle Type, and Region
Key CompaniesAkebono Brake Industry Co., Ltd. (Japan); EBC Brakes (UK); Hitachi Astemo, Ltd. (Japan); Knorr-Bremse AG (Germany); Haldex Group (Sweden); Mando Corporation (South Korea); Brembo S.p.A. (Italy); Hyundai Mobis (South Korea); Robert Bosch GmbH (Germany); ZF Friedrichshafen AG (Germany); Roulunds Braking ApS (Denmark); and DuraBrake Co., LLC (US)
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Drivers and Trends

As the demand for automobiles is surging, the regulatory mandates for making automobiles safer are also increasing, thereby leading to a surge in demand for disc brakes. Several countries, such as India, have regulated safety-critical components within commercial and passenger vehicles, resulting in a rising demand for automotive disc brakes. For instance, as per Ministry of Road Transport and Highways (Government of India) data, The Government of India is deeply concerned about the growth in the number of road accidents, injuries, and fatalities in recent years. It recognizes that road accidents have now become a major public health issue, and the victims are mainly the poor and vulnerable road users. Further, the government is taking steps to ensure that safety features are built-in at the stage of design, manufacture, usage, operation, and maintenance of both motorized and non-motorized vehicles in line with international standards and practices to minimize adverse safety and environmental effects of vehicle operation on road users (including pedestrians and bicyclists) and infrastructure.

Moreover, the rise in road accidents due to brake failure compels government bodies to introduce new norms, which would help reduce fatalities. As per an article published by The Print, in January 2022, over 29,000 road accidents were reported, and 13,346 people died in these incidents in Maharashtra in 2021. And due to this, the Indian union minister for Road Transport and Highways has approved the Draft GSR Notification to introduce Bharat NCAP (New Car Assessment Program), wherein automobiles in India shall be accorded Star Ratings based upon their performance in Crash Tests.

Therefore, with all these government initiatives regarding road accident safety, the requirement for disc brakes increases due to better-stopping performance.

Market Restraints and Challenges

Compared to drum brakes, disc brakes are quite new and more advanced. They offer quite a high braking power for their size as well. Even small-size disc brakes offer quite a large braking power and can stop high-speed vehicles better than a drum brake can. As the disc brakes are open, they have good heat dissipation, ensuring they never overheat. Again, being open, they retain no unwanted material and thus don’t fall to rusting or performance degradation.

Thus, with complex electronic and mechanical systems in disc brakes, the installation and maintenance of disc brakes are higher than the drum brakes. And from an automotive manufacturer’s point-of-view also, there sometimes prefer drum brakes over disc brakes due to their cheap cost and easy maintenance, which can be quite a solid choice in the long run. Therefore, disc brake installation and maintenance costs can hinder market growth, especially in developing countries.

Global Automotive Disc Brake Market Segmental Overview

The report analyses the global automotive disc brake market based on type, material type, vehicle type, and region.

Global Automotive Disc Brake Market by Type

Based on type, it is bifurcated into opposed piston type disc brake and floating caliper type disc brake. The floating caliper type disc brake segment is likely to dominate the market during the forecast period. The market growth of this segment is increasing at a faster rate because it requires less parts compared to fixed caliper, less expensive to manufacture, and is generally made of cast iron or steel which in turn increases weight and heat compared to the aluminum fixed caliper. A heavy weight stops the disc faster than light weight. Similarly, the other benefit is that the floating caliper can better dissipate heat due to sliding nature and therefore less chances of brake fade. are further boosting the growth of the market.

Global Automotive Disc Brake Market by Material Type

Based on material type, it is segmented into cast iron, aluminum, stainless steel, and others. The cast iron segment is likely to hold the major share of the market. The growing benefits of using cast iron material due to its outstanding thermal characteristics, such as reduced deformability and good conductivity are boosting the growth of the market.

Global Automotive Disc Brake Market by Vehicle Type

Based on vehicle type, it is segmented into passenger vehicles, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs). The passenger vehicles segment is likely to dominate the market during the forecast period.

Geographical Analysis of Global Automotive Disc Brake Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share during the forecast period. Manufacturing of a large number of vehicles across Asia-Pacific and rising government norms in India regarding road accidents are the key factors supporting the market growth in this region.

Major Players in the Global Automotive Disc Brake Market

The key players studied in the global Automotive Disc Brake market are Akebono Brake Industry Co., Ltd. (Japan); EBC Brakes (UK); Hitachi Astemo, Ltd. (Japan); Knorr-Bremse AG (Germany); Haldex Group (Sweden); Mando Corporation (South Korea); Brembo S.p.A. (Italy); Hyundai Mobis (South Korea); Robert Bosch GmbH (Germany); ZF Friedrichshafen AG (Germany); Roulunds Braking ApS (Denmark); and DuraBrake Co., LLC (US).

COVID-19 Impact

In 2020, due to the COVID-19 pandemic, global automobile manufacturers and suppliers faced a massive shortage of disc brakes. Due to mass lockdowns, travel bans, and business shutdowns, the COVID-19 pandemic had affected major economies and countless industries in various countries. The imposition of lockdown had resulted in a decline in production and service activities. The COVID-19 pandemic impact on the automotive sector had led to the shutting down of assembly plants, a slowdown in manufacturing processes, and disruptions in the supply chain. These resulted in a significant drop in vehicle sales in early 2020. Due to all these factors, the COVID-19 pandemic negatively impacted the global automotive disc brake market.

However, in 2021 and 2022, the production of automobiles increases globally; similarly, the manufacturing of disc brakes rises as per increased vehicle demand. Both these factors have led to positive market growth.

Recent Developments
  • January 2022, DuraBrake announced the launch of its new line of air disc brake calipers in the North American market. The Alto line of products is designed for heavy-duty vehicles and will save more time and money, increase fuel economy, and maximize payloads.
  • June 2021, Akebono Brake Corporation had added front brake coverage for a variety of Lexus and Toyota vehicles in the ProACT Ultra-Premium Disc Brake Pad line. This kit also includes premium 301 stainless steel abutment hardware.
  • June 2021, EBC Brakes launched a two-piece fully floating brake disc range, 380x30mm SG2F012 (rear) discs and the 380x34mm SG2F016 (front) discs for ‘Turbo’ and ‘Turbo S’ 991-generation Porsche 911s and the 981 Cayman GT4.
Frequently Asked Questions

Q1. How big is the automotive disc brake market?

Ans. The global automotive disc brake market size was USD 15.5 billion in 2021 and is anticipated to reach USD 21.8 billion in 2031, growing at a rate of 3.5% from 2022 to 2031.

Q2. What is the automotive disc brake market growth rate?

Ans. The growth rate of the automotive disc brake market is 3.5% from 2022 to 2031.

Q3. Which region holds a major market share for the automotive disc brake market?

Ans. Asia Pacific holds a major market share of the automotive disc brake market in 2021.

Q4. Which segment accounted for the largest automotive disc brake market share?

Ans. By type, the floating caliper type disc brake segment accounted for the largest automotive disc brake market share.

Q5. Who are the key players in the automotive disc brake market?

Ans. The global automotive disc brake market report includes players such as Akebono Brake Industry Co., Ltd. (Japan); EBC Brakes (UK); Hitachi Astemo, Ltd. (Japan); Knorr-Bremse AG (Germany); Haldex Group (Sweden); Mando Corporation (South Korea); Brembo S.p.A. (Italy); Hyundai Mobis (South Korea); Robert Bosch GmbH (Germany); ZF Friedrichshafen AG (Germany); Roulunds Braking ApS (Denmark); and DuraBrake Co., LLC (US).

Q6. What are the factors driving the automotive disc brake market growth?

Ans. The major factors driving the growth of the market are growing norms for reducing fatalities caused due to vehicle accidents.

Q7. What are the key growth strategies of automotive disc brake market players?

Ans. The key growth strategies of automotive disc brake market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the automotive disc brake market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the automotive disc brake market during the forecast period.

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Electric Scooters Market
April, 2022

Rising demand for fuel-efficient automobiles, combined with rising concerns about greenhouse gas and carbon emissions, is expected to increase the adoption of electric scooters (e-scooters).

Electric scooter market in North America is expected to grow at the fastest rate due to government initiatives and the growing high-performance E-Motorcycle segment. Asia Pacific is expected to grow steadily because of the high demand for energy-efficient and emission-free electric two-wheelers.

Growing environmental concerns, combined with desire for lower commuting expenses, convenience, and pollution control, are driving the adoption of electronic vehicles around the world.

Covid-19 Impact Analysis:

The Covid-19 epidemic has had an impact on the overall automotive industry, resulting in a fall in the growth of the electric power train market.

OEMs had to wait for the lockdowns to be released before they could resume production, which had a negative impact on their operations. As a result, automakers needed to cut down on their production volumes. In addition, component manufacturing has been halted, and amller Tier II and Tier III manufacturers encountered cash flow problems. The automotive sector is a high-capital-intensive industry that requires periodic funding to stay afloat. As a result of the production halt and lower demand during the outbreak, there was an impact on electric scooter and motorbike producers.

Report Coverage
Report Attribute Details
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredVehicle Type, Battery Technology, Technology, Vehicle Class
Key CompaniesHero Electric, Silence Urban Ecomobility, NIU International, Walberg Urban Electrics GmbH, Ather Energy Pvt. Ltd., Gogoro Inc., Trek Bicycle Corporation, AllCell Technologies, BMW Motorrad International, Yamaha Motor Company Limited
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Key Trends and Drivers:
  • Commuters are increasingly looking for convenient, time-efficient, and cheap forms of transportation to get to their destination due to rising traffic congestion and long commutes.
  • Rising price of petroleum products, most recently due to Ukraine war will drive customers towards electric powered auto options. Electric two-wheelers will significantly reduce the operating costs of these as electricity produced through renewable sources of energy becomes more cost competitive.
Restraints and Challenges:
  • The absence of charging infrastructure will be the main impediment to the expansion of the electric scooter sector. Most emerging countries lack the requisite charging infrastructure. Manufacturers have begun to provide their own charging stations; nonetheless, these are insufficient to make the charging process simple.
  • While electric two-wheelers are more energy efficient than traditional two-wheelers, they still fall short in terms of design and performance.
  • Safety of batteries is a major issue that can undermine customer confidence in electric scooters. Recent incidents of electric scooters catching fire due to problems with batteries is definitely going to have an impact on the market.
Segmentation:

By Vehicle Type

  • Electric Motorcycles
  • E-scooters & Bikes

By Battery Technology

  • Sealed Lead Acid
  • Lithium-ion
  • Lithium-ion Polymer

By Technology

  • Plug-in
  • Battery

By Vehicle Class

  • Economy
  • Luxury
Key Players:
  • Hero Electric
  • Silence Urban Ecomobility
  • NIU International
  • Walberg Urban Electrics GmbH
  • Ather Energy Pvt. Ltd.
  • Gogoro Inc.
  • Trek Bicycle Corporation
  • AllCell Technologies
  • BMW Motorrad International
  • Yamaha Motor Company Limited
Recent Development:

April 12 2022: Hero Electric and ElectricPe collaborate to expand access to charging infrastructure across India.

April 6 2022: TVS Motor Company, Jio-bp partner up to launch EV charging infrastructure in India.

March 22 2022: In troubling news for Ola Electric, a video of a Ola S1 pro scooter on fire has surfaced from Pune on Saturday. The company in a statement said that they are aware of an incident in Pune that happened with one of their scooters and are investigating to understand the root cause.

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On-Board Diagnostics (OBD) Aftermarket Market

OBD aftermarket Market is a term used to describe the growing industry of companies that offer OBD-related products and services. These products and services can include anything from OBD scanners and software to OBD-related repairs and diagnostics. The OBD aftermarket is a rapidly growing industry, due in part to the increasing popularity of OBD-equipped vehicles. As more and more people become aware of the benefits of OBD-equipped vehicles, the demand for OBD products and services is expected to continue to grow.

Key Trends

Some of the key trends in On-Board Diagnostics (OBD) Aftermarket Market technology include:

1. Increased focus on vehicle safety and emissions: With the implementation of stricter emissions standards around the world, there is an increased focus on developing on-board diagnostics systems that can help monitor and reduce emissions from vehicles. Additionally, as vehicle safety becomes increasingly important, OBD systems that can help detect and diagnose potential safety issues are becoming more popular.

2. Improved connectivity and data sharing: OBD systems are becoming increasingly connected, allowing for data to be shared between the vehicle and other systems (such as a garage or workshop). This improved connectivity makes it easier to diagnose problems and carry out repairs. Additionally, it allows for real-time monitoring of vehicle performance, which can be used to improve fuel efficiency.

3. Enhanced diagnostics and repair capabilities: OBD systems are constantly evolving, with new features and capabilities being added all the time. The latest generation of OBD systems can carry out much more comprehensive diagnostics than previous versions, and can often provide guidance on how to carry out repairs. This can save time and money, and improve the overall quality of repairs.

4. Greater focus on customer needs: With the increased competition in the OBD aftermarket, manufacturers are increasingly focused on developing systems that meet the specific needs of their customers. This includes developing systems that are easy to use and understand, and that offer a wide range of features and functions.

Key Drivers

There are several key drivers of the On-Board Diagnostics (OBD) Aftermarket market. The first driver is the increasing number of vehicles on the road. With more vehicles on the road, there is a greater need for diagnostic and repair services. The second driver is the increasing complexity of vehicles. With more complex vehicles, there is a greater need for diagnostic and repair services that can handle these complexities. The third driver is the increasing cost of vehicle ownership. With the increasing cost of vehicle ownership, there is a greater need for diagnostic and repair services that can save money on repairs.

Restraints & Challenges

Some of the key restraints and challenges in the On-Board Diagnostics (OBD) Aftermarket market include the high cost of OBD scanners and the lack of awareness among consumers about the benefits of using OBD scanners. In addition, the market is also hindered by the lack of standardization in the OBD protocols, which makes it difficult for different scanners to communicate with each other.

Market Segmentation

The On-Board Diagnostics (OBD) Aftermarket market is segmented on the basis of vehicle type, component, application, and region. By vehicle type, the market is divided into passenger vehicles, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). By component, the market is segmented into hardware, software, and services. Hardware is further segmented into OBD scanners and OBD dongles. The software segment is further segmented into PC-based software and apps. The services segment is further divided into training & consulting, integration & maintenance, and managed services. By application, it is bifurcated into consumer telematics, fleet management, car sharing, and usage-based insurance (UBI). By region, it is segregated into North America, Europe, Asia-Pacific, and rest of the World.

Key Players

The key players operating in the OBD aftermarket market are Autel Intelligent Technology Corp., Ltd., AVL Ditest, Azuga, Bosch Diagnostics, CalAmp, Continental AG, Danlaw, Inc., ERM Electronic Systems LTD, Geotab Inc., HeLLA GmbH & Co. KGaA, Innova Electronics Corporation, Intel Corporation, Magneti Marelli S.p.A., Metromile, Mojio, TomTom International BV., Vector Informatik, Verizon Communications, and Xirgo Technologies, Inc.

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Automotive Cylinder Liner Market

A cylinder liner is a sleeve used to protect the cylinder of an engine. The cylinder liner is usually made of metal, and is placed inside the cylinder of the engine. The cylinder liner helps to protect the cylinder from the wear and tear of the engine.

Key Trends

Some of the key trends in automotive cylinder liner technology include the use of new materials, coatings and manufacturing processes.

Materials:

There has been a shift away from traditional materials such as cast iron and steel towards more advanced materials such as aluminum and composites. These materials offer superior performance in terms of weight, strength and heat resistance.

Coatings:

A variety of coatings are being used to improve the performance of cylinder liners. These include thermal barrier coatings, wear-resistant coatings and lubricant-infused coatings.

Manufacturing processes:

New manufacturing processes such as powder metallurgy and additive manufacturing are being used to produce cylinder liners with improved properties.

Key Drivers

The automotive cylinder liner market is primarily driven by the increasing demand for vehicles and the need for cylinder liners to protect the engine from wear and tear. The cylinder liner market is also driven by the increasing demand for aftermarket parts and services, as well as the need for replacement parts. Other factors that are driving the automotive cylinder liner market include the increasing popularity of aftermarket modifications and the need for cylinder liners to meet the demands of high-performance engines.

Restraints & Challenges

The key restraints and challenges in the Automotive Cylinder Liner market are as follows:

1. Stringent emission norms:

The automotive industry is subject to stringent emission norms globally. The cylinder liner must meet these emission norms while also providing good wear resistance and corrosion resistance. This is a challenge for the manufacturers of automotive cylinder liners.

2. Cost:

Automotive cylinder liners are made of materials such as cast iron, aluminum, or steel. The cost of these materials is high, which in turn increases the cost of the automotive cylinder liner. This is a challenge for the manufacturers as they need to maintain a balance between cost and quality.

3. Availability of raw materials:

The raw materials used for the manufacturing of automotive cylinder liners are cast iron, aluminum, and steel. These materials are not easily available, which poses a challenge for the manufacturers.

4. Technology:

The technology used for the manufacturing of automotive cylinder liners is constantly evolving. The manufacturers need to keep up with the latest technology in order to produce high-quality products.

Market Segmentation

The Automotive Cylinder Liner Market is segmented by type, material type, vehicle type, and region. On the basis of liner type the market is segmented as dry and wet. On the basis of material type the market is segmented as aluminum alloy, steel, cast iron, and others. On the basis of vehicle type the market is segmented as passenger cars and commercial vehicles. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.

Key Players

The key players in the Automotive Cylinder Liner Market are Aichi Machine Industry Co., Ltd., Bryan Automotive, Darton International, Inc., MAHLE GmbH,  Melling, Nippon Piston Ring Co., Ltd., Tenneco Inc., TPR CO.,LTD., Westwood Cylinder Liners Ltd., and ZYNP (Anhui) Co., Ltd.

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Automotive Display Units Market

Automotive Display Units (ADUs) are devices that are used to display information to the driver of a vehicle. This information can include the speed of the vehicle, the level of fuel in the tank, the status of the engine, and the current location of the vehicle. ADUs can be integrated into the dashboard of a vehicle, or they can be standalone devices that are mounted on the windshield or on the console between the front seats.

ADUs can be used to display a variety of information to the driver, and they can be customized to meet the needs of the individual driver. For example, some drivers may prefer to have a speedometer that is always visible, while others may prefer to have a fuel gauge that is only visible when the fuel level is low. Additionally, some ADUs can be configured to provide turn-by-turn directions, while others may simply provide the driver with a map of the current location.

Key Trends

The automotive display unit is a central component in any modern car. It provides the driver with information about the cars status, such as speed, fuel level, and engine temperature. It also allows the driver to control the cars entertainment system, navigation system, and climate control.

The trend in automotive display units is towards larger, more high-resolution screens. Many new cars now have screens that span the entire width of the dash, and some even have two screens, one for the driver and one for the passenger. The resolution of these screens is becoming increasingly higher, to the point where they can rival the resolution of a high-definition television.

The trend is also towards making the displays more interactive. Many new units now have touchscreens, which allow the driver to control the cars systems with a few simple taps and swipes. The use of voice control is also becoming more common, as it allows the driver to keep their hands on the wheel and their eyes on the road.

The final trend is towards making the displays more personalized. Many units now allow the driver to select from a variety of themes and colors, and even to create their own custom backgrounds. This allows the driver to have a display that perfectly suits their taste and style.

Key Drivers

The automotive display units market is anticipated to grow owing to the increasing demand for in-vehicle infotainment systems and the growing trend of connected vehicles. The increasing demand for enhanced safety features in vehicles is another factor driving the automotive display units market. The stringent government regulations regarding vehicle safety are expected to fuel the market growth. However, the high cost of automotive display units is expected to restrain the market growth.

The automotive display units market is expected to be driven by the increasing demand for in-vehicle infotainment systems. The in-vehicle infotainment systems offer a range of features such as navigation, entertainment, and connectivity. The growing trend of connected vehicles is expected to fuel the demand for in-vehicle infotainment systems. The connected vehicles offer a range of features such as remote diagnostics, vehicle tracking, and infotainment.

The increasing demand for enhanced safety features in vehicles is another factor driving the automotive display units market. The automotive display units offer features such as blind spot detection, lane departure warning, and rear-view camera display. The stringent government regulations regarding vehicle safety are expected to fuel the market growth. However, the high cost of automotive display units is expected to restrain the market growth.

Restraints & Challenges

One of the key restraints in the automotive display units market is the high cost of the display units. The cost of the display unit is a major factor that is restraining the growth of the market. The other key restraint in the automotive display units market is the lack of standardization in the display units.

The lack of standardization is hampering the growth of the market as the automotive manufacturers are unable to get the display units that are compatible with their vehicles. The other challenge in the automotive display units market is the lack of awareness about the benefits of the display units among the consumers.

Market Segmentation

The Automotive Display Units Market is segmented by touch type, view type, screen format and region. By touch type, the market is divided into with touch and without touch. By view type, the market is bifurcated into 2D and 3D. By screen format, the market is classified into standard and wide. By region, the market is classified into North America, Europe, Asia-Pacific, and rest of the world.

Key Players

The key players in the Automotive Display Units Market are Continental AG, Robert Bosch, Panasonic Corporation, Denso Corporation, Magna International, LG Display Co. ltd, Valeo SA, Delphi Automotive, Kyocera Corporation and AU Optronics.

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Automotive Drawer Slides Market

Automotive drawer slides are a type of drawer slide that is designed for use in vehicles. They are typically made from a strong material such as steel or aluminum and are designed to withstand the vibration and movement that is common in vehicles. Automotive drawer slides can be used in a variety of applications such as storage drawers, tool boxes, and more.

Key Trends

There are a few key trends in Automotive Drawer Slides technology:

1. Increased use of sensors and actuators: In order to improve the functionality of drawer slides, more and more manufacturers are incorporating sensors and actuators into their designs. This allows the slides to automatically adjust to different loads and conditions, making them more versatile and reliable.

2. Improved durability: Another trend is the increased focus on durability. As drawer slides are often used in demanding environments, manufacturers are working to make them more resistant to wear and tear. This includes using stronger materials and better finishes.

3. Smarter designs: Finally, drawer slide manufacturers are also incorporating smarter designs into their products. This includes features such as soft-close mechanisms and integrated locking systems. These improvements make drawer slides more convenient and user-friendly, which is why they are becoming increasingly popular in both residential and commercial applications.

Key Drivers

The key drivers of the automotive drawer slides market are the growing demand for SUVs and crossovers, the increasing popularity of aftermarket products, and the need for better storage solutions in vehicles.

The growing demand for SUVs and crossovers is one of the key drivers of the automotive drawer slides market. SUVs and crossovers are becoming increasingly popular due to their spacious interiors and higher ground clearance. This has led to a demand for aftermarket products that can make these vehicles more comfortable and functional.

The increasing popularity of aftermarket products is another key driver of the automotive drawer slides market. Aftermarket products offer a wide range of options for customization and upgrade of vehicles. This has led to a growing demand for these products among vehicle owners.

The need for better storage solutions in vehicles is another key driver of the automotive drawer slides market. As vehicles become more compact, there is a need for efficient storage solutions that can maximize the use of space. Drawer slides offer a convenient and space-saving solution for storing small items in vehicles.

Restraints & Challenges

The key restraints and challenges in Automotive Drawer Slides market are as follows:

1. The automotive drawer slides market is highly competitive with a large number of players. This makes it difficult for new players to enter the market.

2. The automotive drawer slides market is capital intensive. This makes it difficult for new players to enter the market.

3. The automotive drawer slides market is technology intensive. This makes it difficult for new players to enter the market.

4. The automotive drawer slides market is subject to stringent regulations. This makes it difficult for new players to enter the market.

Market Segmentation

The Automotive Drawer Slides Market is segmented by type, application, and region. By type, the market is divided into aluminum automotive drawer slide, steel automotive drawer slide, and stainless steel automotive drawer slide. By application, the market is classified into. fire truck, ambulance, armored security vehicle, and others. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.

Key Players

The key players in the Automotive Drawer Slides Market are Accuride International IncJet Press Limited, Jonathan Engineered Solutions, Tiger Sliding, Monroe, Fulterer, Rockler Companies Inc., Inter IKEA Systema, B.V. King Slide Works Co. Ltd., and Knape & Vogt Manufacturing Company.

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Automotive Body-in-White Market

Automotive Body-in-White (BIW) is the term used to describe the framework of a vehicle body, minus the exterior panels and trim. The BIW typically includes the roof, floorpan, pillars, fenders, and headliner. In some cases, the BIW also includes the engine bay, trunk, and underbody. BIW construction generally begins with a combination of stamping, welding, and assembly processes. Stamping is used to create the various panels that make up the BIW, such as the roof, floorpan, and fenders. These panels are then welded together to form the basic structure of the vehicle body.

Key Trends

The automotive body-in-white (BIW) is the unassembled frame of a vehicle to which all other components are attached. The BIW includes the chassis, body panels, and closures.

The major drivers for this market are the increasing demand for vehicles and the need for lightweight and fuel-efficient vehicles.

The key trends in automotive BIW technology are:

1. Increasing use of aluminum: Aluminum is being increasingly used in BIW due to its light weight and high strength. It is also corrosion-resistant and can be easily recycled.

2. Use of advanced materials: Advanced materials such as carbon fiber and composite materials are being used in BIW to reduce the weight of vehicles. These materials also have high strength and durability.

3. Use of robots and automation: Robots and automation are being used in BIW to improve the efficiency of production. Automation also reduces the chances of human error.

4. Use of 3D printing: 3D printing is being used to create prototypes and production parts for BIW. This technology is helping to reduce the lead time and cost of production.

Key Drivers

The main drivers of the automotive body-in-white market are the increasing demand for vehicles, the need for lighter and more fuel-efficient vehicles, and the need for stronger and more durable vehicles.

The demand for vehicles is driven by population growth, economic development, and the need for transportation.

The need for lighter and more fuel-efficient vehicles is driven by the need to reduce greenhouse gas emissions and save fuel costs.

The need for stronger and more durable vehicles is driven by the need to improve safety and reduce the cost of repairs.

Restraints & Challenges

The automotive body-in-white market is restrained by the need for large investments in research and development to produce lighter and more fuel-efficient vehicles.

The challenge lies in the fact that the automotive industry is highly competitive, and companies are constantly striving to develop new technologies that will give them a competitive advantage.

In addition, the body-in-white market is also challenged by the need to meet stringent government regulations regarding fuel economy and emissions.

Market Segments

The Automotive Body-in-White Market is segmented by vehicle type, construction type, manufacturing method, and region. By vehicle type, the market is divided into passenger cars, light commercial vehicles, medium & heavy commercial vehicles ,and electric vehicles. Based on construction type, it is bifurcated into monocoque and frame mounted. On the basis of manufacturing method, it is classified into cold stamping, hot stamping, roll forming, and other methods. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Automotive Body-in-White Market includes players such as Gestamp Automoción, Voestalpine Group, Magna, Benteler International, CIE Automotive, Tower International, Martinrea International, Aisin Seiki, KIRCHHOFF Automotive and Dura Automotive.

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Automatic Car Wash Machine Market

An automatic car wash machine is a device that washes and cleans the exterior of a vehicle. There are many different types and models of automatic car wash machines, but they all work by using high-pressure water jets and brushes to remove dirt, grime, and other debris from the surface of a vehicle. Many automatic car wash machines also have the ability to dry the vehicle after it has been washed.

Key Trends

There are several key trends in automatic car wash machine technology. One is the increasing use of robotics. Robotics offers several advantages over traditional car wash methods, including the ability to more precisely target dirt and grime, and the ability to work in tighter spaces. Additionally, robotics can help to speed up the car wash process, as well as improve safety by reducing the need for human workers in potentially hazardous environments.

Another key trend is the increasing use of environmentally-friendly technologies. Many car wash operators are now using water recycling systems to reduce the amount of water used in the car wash process. Additionally, some car wash machines now use biodegradable soaps and detergents, which can help to protect local waterways from pollution.

Finally, there is an increasing trend towards offering additional services at automatic car washes. For example, some car washes now offer detailing services, such as waxing and polishing. Additionally, some car washes now offer self-service options, such as vacuum cleaners and air fresheners, which can help to improve the customer experience.

Key Drivers

There are several key drivers of automatic car wash machine market.

Firstly, the machines are designed to provide a complete car washing solution and can be used for both small and large cars.

Secondly, automatic car wash machines offer a number of features and benefits that are not available with manual car washes.

Thirdly, automatic car wash machines are available in a variety of sizes and can be customized to meet the specific needs of the customer.

Fourthly, automatic car wash machines offer a wide range of options in terms of price, making them an affordable option for many customers.

Finally, automatic car wash machines are easy to operate and require minimal maintenance, making them a popular choice for many car owners.

Restraints & Challenges

The key restraints and challenges in the Automatic Car Wash Machine market are the high initial investment and the need for a constant water supply. Additionally, the market is highly competitive with a large number of players.

Market Segments

The Automatic Car Wash Machine Market is segmented by systems, components, application and region. By systems, the market is divided into tunnel car wash, self-serve car wash and in-bay car wash. Based on components, it is bifurcated into drives, motors, foamer system, and others. On the basis of application, it is classified into consumers, industry, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Automatic Car Wash Machine Market includes players such as Autec, Inc., Coleman Hanna, Carolina Pride Car Wash Systems & Solutions, MacNeil Wash Systems, Motor City Car Wash Works, NS Wash Systems, PECO Car Wash Systems, Prestige Car Wash Equipment, WashTec AG and Washworld, Inc.

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Commercial Vehicle (CV) Active Power Steering Market

Active power steering is a type of power steering that uses a motor to assist in turning the wheels. This type of power steering is often used in larger vehicles, such as commercial vehicles, because it can provide more power and assistance than a traditional power steering system. Active power steering can make it easier to turn the wheels, even when the vehicle is moving at high speeds, and can also help to reduce the amount of effort required to turn the wheel.

Key Trends

One of the key trends in Commercial Vehicle (CV) Active Power Steering technology is the development of electric power steering (EPS). This is in response to the need for more fuel efficient vehicles, as EPS systems do not require the engine to be constantly running to power the steering.

Another trend is the development of systems that can provide a more customized steering feel for the driver, based on factors such as the type of load being carried or the road surface. This allows for a more comfortable and efficient driving experience.

Key Drivers

The key drivers of the commercial vehicle active power steering market are the increasing demand for commercial vehicles, the need for improved fuel economy, and the stringent emission norms. The active power steering system helps in reducing the fuel consumption and emission levels of commercial vehicles. It also provides better steering control and stability, which is essential for commercial vehicles.

Restraints & Challenges

The key restraints and challenges in Commercial Vehicle (CV) Active Power Steering market are:

1. High cost of active power steering systems: Active power steering systems are generally more expensive than traditional steering systems. This makes them less attractive for cost-conscious buyers, especially in the commercial vehicle market where price is a key consideration.

2. Lack of aftermarket support: There is currently a lack of aftermarket support for active power steering systems. This means that if a system needs to be repaired or replaced, it can be difficult to find someone who is qualified to do so.

3. Limited availability: Active power steering systems are not yet widely available, meaning that they may not be an option for some buyers.

4. Complexity: Active power steering systems are more complex than traditional steering systems. This makes them more difficult to install and repair, and can also make them less reliable.

Market Segments

The Commercial Vehicle (CV) Active Power Steering Market is segmented by type, application and region. By type, the market is divided into electric power steering (EPS) and electro-hydraulic power steering (EHPS). Based on application, it is bifurcated into medium commercial vehicle, and heavy commercial vehicle. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Commercial Vehicle (CV) Active Power Steering Market includes players such as ZF Friedrichshafen AG, tedrive steering systems GmbH, BMW AG, Ognibene Power SPA, AB Volvo, Daimler AG, Bosch, Knorr-Bremse, Thyssenkrupp and JTEKT Corporation.

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Automotive LiDAR Market

Automotive LiDAR (Light Detection and Ranging) is a technology that uses lasers to measure distance and create 3D maps of objects and surfaces. LiDAR is used in autonomous vehicles to create a real-time map of the surrounding environment, which is then used to navigate the vehicle. LiDAR works by sending out a laser beam and measuring the time it takes for the beam to bounce back. The distance to the object can then be calculated based on the speed of light. LiDAR can also be used to create a 3D map of an area by scanning it with multiple beams at different angles.

Key Trends

1. Increasing demand for advanced driver assistance systems: The increasing demand for advanced driver assistance systems (ADAS) and autonomous vehicles is a major factor driving the growth of the automotive LiDAR market.

2. Technological advances: The continuous technological advances in automotive LiDAR technology are another major factor driving the growth of the market.

3. Increasing adoption of LiDAR in premium and luxury vehicles: The increasing adoption of LiDAR in premium and luxury vehicles is another factor driving the growth of the automotive LiDAR market.

4. Growing demand in Asia-Pacific: The growing demand for automotive LiDAR in Asia-Pacific is another factor driving the growth of the market.

Key Drivers

The automotive LiDAR market is expected to grow significantly in the next few years owing to the increasing demand for advanced driver assistance systems (ADAS) and autonomous vehicles. Some of the key drivers of the automotive LiDAR market include the increasing need for improved safety features in vehicles, the growing adoption of autonomous vehicles, and the increasing investment by key players in the development of LiDAR technology.

The automotive industry is undergoing a major shift with the increasing adoption of ADAS and autonomous vehicles. LiDAR is playing a crucial role in these vehicles as it helps in providing a 3D view of the surrounding environment, which is essential for the safe operation of these vehicles. Moreover, the increasing investment by key players in the development of LiDAR technology is expected to drive the growth of the automotive LiDAR market.

Restraints & Challenges

The key restraints in the automotive LiDAR market are the high cost of LiDAR sensors and the lack of standardization. The high cost of LiDAR sensors is a major barrier to the adoption of LiDAR technology in the automotive industry. The lack of standardization in the automotive LiDAR market is another challenge that needs to be addressed.

Market Segments

The Automotive LiDAR Market is segmented by application, technology, vehicle type and region. By application, the market is divided into semi-autonomous vehicle and autonomous vehicles. Based on technology, it is bifurcated into mechanical LiDAR and solid-state LiDAR. On the basis of vehicle type, it is classified into internal combustion engine (ICE) and electric & hybrid. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Automotive LiDAR Market includes players such as Continental AG, First Sensor AG, Ibeo Automotive Systems GmbH, Innoviz Technologies Ltd., LeddarTech, Luminar Technologies, Ouster, Inc., Robert Bosch GmbH, Valeo and Velodyne LiDAR.

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Automotive Parts Packaging Market

Automotive parts packaging is the process of packaging and labeling automotive parts for shipment. This process typically involves placing the parts in containers such as boxes or bags, labeling the containers with the necessary information, and then shipping the parts to the customer. In some cases, automotive parts packaging may also involve the use of special packaging materials or methods to protect the parts during shipping.

Key Trends

The automotive parts packaging market is driven by the increasing demand for vehicles, rising demand for aftermarket parts, and the need for better packaging of automotive parts. The market is also driven by the growing demand for electric vehicles and the need for better packaging of electric vehicle parts. However, the market is restrained by the high cost of packaging and the lack of standardization.

Key Drivers

The automotive parts packaging market is driven by factors such as the need for better packaging of automotive parts to protect them from damage during transportation, the need for better branding and marketing of automotive parts, and the need for better packaging to meet the environmental regulations.

Restraints & Challenges

The automotive parts packaging market is expected to witness a slowdown in growth in the next five years, due to the declining demand for new vehicles in developed markets and the challenging economic conditions in some of the key automotive markets.

The automotive packaging industry is also facing some challenges, such as the increasing cost of raw materials, the need for better packaging designs to meet the changing needs of automotive manufacturers, and the need to comply with stringent environmental regulations.

Market Segments

The Automotive Parts Packaging Market is segmented by product type, packaging type, component, and region. By product type, the market is divided into pallets, crates and bulk containers & cases, and others. Based on packaging type, it is bifurcated into reusable and disposable. On the basis of component, it is classified into battery, cooling system, underbody components, automotive filter, and engine components. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Automotive Parts Packaging Market includes players such as Sealed Air Corporation, Mondi Group Plc, DS Smith Plc, Sonoco Products Company, Smurfit Kappa Group, Deufol SE, Encase Ltd., The Nefab Group, Primex Design & Fabrication Corporation and Sunbelt Paper & Packaging Inc.

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Catamaran Market

A catamaran is a type of boat or ship consisting of two hulls, or platforms, that are connected by a frame. Most catamarans are powered by sails or engines. Catamarans are faster and more stable than traditional monohull boats, and are therefore popular for recreation, racing, and commercial use.

The word “catamaran” comes from the Tamil word “kattumaram,” which means “logs tied together.” The first catamarans were built by the indigenous people of the Tamil region of India, who used them for fishing and transportation. Catamarans were later adopted by the British Royal Navy and were used in the Napoleonic Wars.

Today, catamarans are used for a variety of purposes, including pleasure cruising, charter fishing, and racing. Some catamarans are even equipped with luxury amenities, such as private staterooms and bathrooms, kitchens, and living areas.

Key Trends

The key trends in Catamaran technology are the use of lighter materials, such as carbon fiber, to build the hulls and the use of waterjet propulsion systems. These trends result in catamarans that are faster, more fuel-efficient, and have a smaller environmental impact than traditional monohull vessels.

The use of lighter materials in catamaran construction results in vessels that are faster and more fuel-efficient than their monohull counterparts. Carbon fiber is one of the most popular materials used in catamaran construction due to its high strength-to-weight ratio. This allows catamarans to be built with thinner hulls than monohulls, which reduces drag and increases speed.

Waterjet propulsion systems are another key trend in catamaran technology. These systems use high-pressure jets of water to propel the vessel, and are more efficient than traditional propeller-based systems. Waterjet propulsion systems also have the added benefit of being much quieter than propeller-based systems, which is important for vessels that will be operating in areas where noise pollution is a concern.

Key Drivers

There are a few key drivers of the Catamaran market. Firstly, the increasing popularity of catamarans as a pleasure craft is driving demand for new and used catamarans. Secondly, the increasing popularity of chartering catamarans for vacations is also driving demand. Finally, the improving economy is making it easier for people to afford the purchase of a catamaran.

Restraints & Challenges

The key restraints and challenges in catamaran market are as follows:

1. The high cost of catamaran hulls and the lack of standardization among manufacturers.

2. The challenges associated with towing and mooring catamarans.

3. The difficulty in finding experienced catamaran operators.

4. The challenges associated with repairing and maintaining catamarans.

Market Segments

The catamaran market report is bifurcated based on product, size, application, and region. Based on product, it is segmented into sailing catamarans and powered catamarans. Based on the size, it is analyzed across small, medium, and large. By application, it is categorized into leisure, commercial, and defense. Region-wise, it is studied across North America, Europe, Asia-Pacific, and the rest of the World.

Key Players

The catamaran market report includes players such as Robertson & Caine, Fountaine Pajot, Lagoon, World Cat, Catana Group, Outremer Yachting, LeisureCat, Seawind, Incat Crowther, and Voyage.

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Refrigerated Truck Rental Market 

Refrigerated truck rental is the renting of a truck that has been outfitted with a refrigeration unit. This type of truck is typically used to transport perishable goods, such as food or flowers. Refrigerated truck rental is a popular option for businesses that need to transport temperature-sensitive items but do not have the budget to purchase or maintain their own refrigerated truck.

Key Trends

There are a few key trends in refrigerated truck rental technology:

1. Increased use of GPS tracking: This allows companies to keep track of their trucks and ensure that they are being used efficiently.

2. More fuel-efficient trucks: This is important for both cost savings and environmental reasons.

3. Improved insulation: This helps to keep the contents of the refrigerated truck cooler for longer periods of time.

4. Better temperature control: This allows companies to transport perishable items without fear of them going bad.

5. Increased safety features: This includes things like backup cameras and sensors, which can help to prevent accidents.

Key Drivers

There are several key drivers of the Refrigerated Truck Rental market. One of the most important drivers is the increasing demand for fresh and frozen foods. With the growing popularity of prepared meals and the convenience of having food delivered to your door, there is a growing demand for refrigerated trucks to transport these items.

Another key driver is the increasing popularity of online grocery shopping. With more and more people opting to do their grocery shopping online, there is a need for refrigerated trucks to transport these items from the warehouse to the customer’s home.

Finally, another key driver of the Refrigerated Truck Rental market is the increasing popularity of food delivery services. With more and more people wanting to have their food delivered to their door, there is a growing demand for refrigerated trucks to transport these items.

Restraints & Challenges

The key restraints and challenges in refrigerated truck rental market include high initial investment, volatile raw material prices, and stringent environmental regulations.

High initial investment is a major restraint for the growth of the refrigerated truck rental market. The cost of a refrigerated truck is higher than that of a regular truck, due to the additional cost of the refrigeration system. This high cost acts as a barrier to entry for small and medium enterprises.

Volatile raw material prices are another challenge for the refrigerated truck rental market. The prices of steel, aluminum, and copper, which are used in the manufacturing of refrigerated trucks, have been volatile in recent years. This volatility has a direct impact on the cost of refrigerated trucks.

Stringent environmental regulations are also a challenge for the refrigerated truck rental market. These regulations limit the emissions of greenhouse gases from refrigerated trucks. This is a challenge for the industry as it needs to find ways to reduce emissions without compromising on the performance of the refrigerated trucks.

Market Segments

The refrigerated truck rental market report is bifurcated based on type, tonnage capacity, application, and region. Based on type, it is segmented into light commercial vehicle, medium commercial vehicle, and heavy commercial vehicle. Based on the tonnage capacity, it is analyzed across less than 10 tons, 10-20 tons, and more than 20 tons. By application, it is categorized into food & beverages, pharmaceuticals, chemicals, and others. Region-wise, it is studied across North America, Europe, Asia-Pacific, and the rest of the World.

Key Players

The refrigerated truck rental market report includes players such as Ryder System , Inc., Fraikin Limited, Penske Corporation, Inc., Petit Forestier, The Hertz Corporation, Polar Leasing, Inc., U-COOL Refrigeration, LLC, ReeferTek USA, Corp., KookMate, and Innocool.

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Automotive Robotics Drive Market

Automotive robotics drive is a system that helps to control the movement of robotic vehicles. It uses sensors and software to control the speed and direction of the robotic vehicle. This system helps to reduce the chances of accidents and makes the robotic vehicle more efficient.

Key Trends

There are three main trends in automotive robotics drive technology:

1. Increased use of electric motors: Electric motors are becoming increasingly popular in automotive robotics, as they are more efficient and have less environmental impact than traditional combustion engines.

2. Development of autonomous vehicles: Autonomous vehicles are being developed that can drive themselves without the need for a human driver. This technology is still in its infancy, but it has the potential to revolutionize the automotive industry.

3. Improved safety features: Safety is a major concern in the automotive industry, and robotics are being used to develop new safety features for vehicles. These features can help to prevent accidents and make driving safer for everyone.

Key Drivers

The major drivers for this market are the increased demand for automotive robots in the automotive industry and the government regulations regarding the safety of automotive robots.

The automotive industry is one of the major end-users of robotics. Automotive robots are used in various applications such as welding, painting, assembly, and others.

The government regulations regarding the safety of automotive robots are expected to drive the automotive robotics drive market during the forecast period.

Restraints & Challenges

The automotive robotics industry is expected to grow significantly in the next decade. However, there are a number of key restraints and challenges that need to be addressed in order for this growth to be realized.

One of the key restraints is the high cost of automotive robotics. The initial investment required to set up an automotive robotics assembly line can be quite significant, and this often deters companies from investing in this technology.

Another key challenge facing the automotive robotics industry is the lack of skilled workers. Automotive robotics requires a high level of precision and attention to detail, which can be difficult to find in the current workforce.

Despite these challenges, the automotive robotics industry is expected to grow significantly in the next decade. This growth will be driven by the increasing demand for automotive parts and the need for more efficient and cost-effective manufacturing processes.

Market Segments

The automotive robotics drive market is segmented by type, application, and region. By type, the market is classified into SCARA, cartesian, and others. Based on application, it is bifurcated into welding, painting, cutting, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.

Key Players

The automotive robotics drive market includes players such as ABB, Kuka AG, Fanuc Corporation, Yaskawa Electric Corporation, Comau, Nachi-Fujikoshi Corp., Rockwell Automation Inc., Seiko Epson Corporation, Denso Wave Incorporated, Kawasaki Heavy Industries Ltd., and others.

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On-Street Vehicle Parking Meter Market

An on-street vehicle parking meter is a device that is used to collect fees for the use of on-street parking spaces. Parking meters are usually located in high-demand areas, such as downtowns, where there is a limited supply of parking spaces. Parking meters help to ensure that these spaces are used efficiently, by providing a way to price parking based on demand. When parking spaces are in high demand, the price of parking will be higher, which encourages people to use other means of transportation, such as public transit.

Key Trends

The key trends in on-street vehicle parking meter technology are accuracy, convenience, and connectivity.

With the advent of GPS and other location-based technologies, parking meters are becoming more and more accurate, able to pinpoint a vehicle’s location within a few feet.

Convenience is also a key trend in parking meter technology. Many newer meters accept a variety of payment methods, including credit and debit cards, contactless payments, and even apps that allow users to pay for parking without having to use a physical meter.

Connectivity is another key trend in parking meter technology. Many newer meters are connected to the internet, allowing for real-time monitoring and reporting of parking activity.

Key Drivers

The key drivers of the On-Street Vehicle Parking Meter market are time, location, and price. Time is the most important factor, as it determines how long a customer can park in a given space.

Location is also important, as it can impact the availability of parking spaces and the convenience of parking for customers. Price is an important factor, as it can impact both the demand for parking and the revenue generated from parking meters.

Restraints & Challenges

The key restraints and challenges in the On-Street Vehicle Parking Meter market are:

-The high cost of installation and maintenance of on-street parking meters

-The need for a high level of enforcement to ensure compliance

-The potential for meters to be damaged or vandalized

Market Segments

The on-street vehicle parking meter market is segmented by type, payment, and region. By type, the market is classified into the parking meter, and parking kiosks. Based on payment, it is bifurcated into credit cards, bills, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.

Key Players

The on-street vehicle parking meter market includes players such as Ditech SRL, Duncan Solutions, IEM SA, IPS Group Inc., J.J. MacKay Canada LimitedMeypar S.L., Parking Boxx Inc., Ventek International, Flowbird, Metric Group Ltd., and others.

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Automotive Seatbelts Market

Seat belts are one of the most important safety features in a vehicle. They help keep occupants safe in the event of a crash by keeping them restrained in their seats. Seat belts also help prevent occupants from being ejected from the vehicle during a crash.

Seat belts are typically made from a webbing material that is strong and durable. The webbing is attached to the vehicle at anchor points on the floor, seat, or door. The webbing is then fed through a retractor mechanism, which locks the webbing in place when the vehicle is in motion.

In the event of a crash, the seat belt webbing will tighten around the occupants, restraining them in their seats. This helps to prevent them from being ejected from the vehicle or from hitting other occupants in the vehicle.

Seat belts are required by law in many countries, including the United States. All vehicles sold in the US must be equipped with seat belts for all occupants.

Key Trends

There are a few key trends in automotive seatbelts technology.

One is the use of seatbelts with airbags. This combination is designed to provide the best possible protection in a crash.

Another trend is the use of seatbelts with pretensioners. Pretensioners are devices that tighten the seatbelt in a crash, providing extra protection.

Finally, there is a trend towards the use of seatbelts with load limiters. Load limiters allow the seatbelt to stretch in a crash, reducing the force on the occupants.

Key Drivers

There are several key drivers of the automotive seatbelts market.

First, seatbelts are required by law in many jurisdictions, which creates a strong demand for them.

Second, seatbelts have been shown to be effective in reducing the severity of injuries in car accidents, which also contributes to their demand.

Finally, the increasing popularity of SUVs and other larger vehicles, which tend to have more occupants than smaller cars, is also driving up demand for seatbelts.

Restraints & Challenges

One of the key restraints in the automotive seatbelts market is the high cost of installation, which is a major concern for vehicle manufacturers.

Additionally, the lack of awareness about the importance of seatbelts and the lack of stringent regulations in some regions are restraining the growth of the market.

Market Segments

The automotive seatbelts market is segmented by type, vehicle, component, and region. By type, the market is classified into two-point, three point, and others. Based on vehicle, it is bifurcated into passenger, and commercial. On the basis of component, it is divided into webbing straps, retractors, buckles, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the rest of the World.

Key Players

The automotive seatbelts market includes players such as Key Safety Systems, Ningbo BX Automotive Co. Ltd., Ashimori Industry Co. Ltd., Tokai Rika, Continental AG, ZF-TRW, Hyundai Mobis, Goradia Industries, Joyson Safety System, GWR Co., and others.

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Automotive Door Hinges Market

Automotive door hinges are a type of hinge designed for use on vehicles. They are typically made from steel or aluminum, and can be either surface-mounted or recessed. Automotive door hinges are usually designed to be hidden when the door is closed, but some types are visible.

Key Trends

The automotive door hinge is a key component in a vehicle’s door assembly. It is responsible for connecting the door to the vehicle’s body and allows it to swing open and closed. The door hinge must be strong enough to support the weight of the door, as well as any additional weight that may be placed on it, such as when the door is open and someone leans on it. The door hinge must also be designed to allow the door to open and close smoothly.

There are several trends that are currently affecting the automotive door hinge market. One of the most significant trends is the increasing popularity of SUVs and CUVs. These vehicles have larger doors than traditional passenger cars, which puts additional strain on the door hinge. As a result, automakers are seeking out stronger and more durable door hinges to meet the needs of these vehicles.

Another trend that is impacting the automotive door hinge market is the increasing use of aluminum and other lightweight materials in vehicle construction. These materials are often used to reduce the overall weight of the vehicle, which can improve fuel economy. However, these materials are often not as strong as steel, which can put additional strain on door hinges. As a result, automakers are seeking out stronger and more durable door hinges to meet the needs of these vehicles.

The final trend that is impacting the automotive door hinge market is the increasing demand for vehicles with advanced safety features. Many of these features, such as blind spot detection and lane departure warning systems, rely on sensors that are mounted on the door. As a result, automakers are seeking out door hinges that are designed to accommodate these sensors.

Key Drivers

The key drivers of Automotive Door Hinges market are:

1. Increasing demand for passenger cars: The global automotive door hinges market is directly dependent on the production of passenger cars. The production of passenger cars is increasing due to the growing middle-class population and their preference for private transportation.

2. Stringent government regulations: Government regulations regarding vehicle safety are becoming more stringent, which is resulting in the need for stronger and safer door hinges.

3. Growing demand for luxury cars: The growing demand for luxury cars is another important driver of the automotive door hinges market. Luxury cars require door hinges that can provide a smoother and quieter operation.

4. Technological advancements: Technological advancements in door hinge manufacturing are resulting in the production of lighter and more durable hinges. This is expected to fuel the growth of the automotive door hinges market.

Restraints & Challenges

The automotive door hinges market is highly competitive with the presence of a large number of small and medium-sized players. The key restraints and challenges in this market are as follows:

1. The automotive door hinges market is capital intensive and requires high investments in research and development.

2. The automotive door hinges market is highly fragmented with the presence of a large number of small and medium-sized players.

3. The automotive door hinges market is highly competitive with the presence of a large number of large players.

4. The automotive door hinges market is subject to stringent government regulations.

Market Segments

The Automotive Door Hinges Market is segmented based on material, sales channel, product type, and geography. Based on sales channel, the market is divided into OEM and aftermarket. Based on material, it is bifurcated into steel, aluminum, and brass/bronze/composite material. Based on product type , market is categorized as front & rear automotive door hinges and tailgate hinges/ bonnet hinges. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the World.

Key Players

The Automotive Door Hinges Market report includes players such as Dura Automotive LLC, Magna International Inc., Aisin Seiki Co. Ltd., Gestamp Group, Multimac Inc., Brano GroupDEE Emm Giken, ER Wagner, Midlake Products & Mfg. Company Inc. and Pinnet Industries.

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Automotive Door Latch Market

The automotive door latch is a device that is used to secure the doors of a vehicle. It is typically mounted on the inside of the door and is operated by a handle or knob on the outside of the door. The door latch is usually made of metal, but can also be made of plastic.

The door latch is an important safety feature of a vehicle, as it prevents the door from opening while the vehicle is in motion. It is also used to keep the door closed when the vehicle is not in use, such as when it is parked. The door latch is typically opened by pulling on the handle or knob, which releases the latch from its housing. The door can then be opened by pushing on the door.

The door latch is a simple device, but it is an important safety feature of a vehicle. Without a door latch, a vehicle door could open while the vehicle is in motion, which could lead to serious accidents.

Key Trends

There are several key trends in automotive door latch technology. One is the move towards lighter weight materials. This is being driven by the need to reduce fuel consumption and emissions. Another trend is the use of sensors and actuators to make door latches more reliable and easier to use. This is especially important as cars become more complex and have more features. Finally, there is a trend towards more integrated door latches that can be controlled by the car’s computer system. This allows for greater control and efficiency.

Key Drivers

There are several key drivers of the automotive door latch market. First, the increasing popularity of SUVs and crossovers is driving demand for door latches that can accommodate these larger vehicles. Second, the growing popularity of electric vehicles is driving demand for door latches that can be used with these vehicles. Third, the increasing popularity of aftermarket accessories is driving demand for door latches that can be used with these accessories. Finally, the increasing popularity of safety and security features is driving demand for door latches that can provide these features.

Restraints & Challenges

The automotive door latch market is anticipated to face certain restraints over the forecast period. For instance, the cost of raw materials is anticipated to increase over the forecast period, owing to the rise in prices of metals. This is likely to hamper the growth of the automotive door latch market. Additionally, the automotive door latch market is likely to be affected by the fluctuating exchange rates. The automotive door latch market is also anticipated to be challenged by the presence of counterfeit products in the market. The counterfeit products are expected to have a negative impact on the growth of the automotive door latch market.

Market Segments

The Automotive Door Latch Market is segmented based on latch type, sales channel, function, and geography. Based on latch type, the market is divided into side door latch, tailgate latch, hood latch, and others. Based on sales channel, it is bifurcated into OEM and aftermarket. Based on function, market is categorized as electrically-operated and mechanically-operated. By vehicle type, it is divided into passenger cars and commercial vehicles. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the rest of the World.

Key Players

The Automotive Door Latch Market report includes players such as STRATTEC, Kiekert AG, Inteva Products LLC, Aisin Seiki Co. Ltd., Brose Fahrzeugteile GmbH & Co. KG, U-Shin Ltd, Shivani Locks Private Limited, Magna International Inc., WITTE Automotive GmbH and MITSUI KINZOKU.

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