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E-Bike Market Summary -

Market Research Future (MRFR) study on the global E-Bike Market is a detailed assessment that provides a holistic overview of the industry. The study discusses the COVID-19 overview of the global e-bike market and offers a concise summary of key markets, current trends, growth forecasts, and market challenges (forecast period) to identify investment opportunities.

Electric bikes, also known as e-bikes, are equipped with an electric motor used to gain momentum. They use chargeable batteries, which have various capacities depending on their size. Electric bikes are categorized on the basis of the power of the electric motor on which they operate. Peddle assist, throttle on demand, speed pedelec, and electric moped or motorcycle are all types of electric bikes.

E-bikes or electric bikes are equipped with Li-ion chargable batteries which provide the rider with almost 100 miles in a charge, making it extremely convenient for day-to-day use. It is expected that increased environmental awareness and the growing move towards the adoption of environmentally friendly vehicle options will contribute significantly to the growth of the global e-bike industry. In addition , urban consumers are increasingly taking adventurous activities into their lifestyles, and e-bikes are a huge part of that.

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Urban consumers have high disposable incomes which in recent years have been conducive to market growth. The increased interest in e-bikes has led producers to invest in e-bike development and to focus on altering the design to create more demand in the years to come. The latest in e-bikes can offer real-time information about current velocity and battery status so consumers can be aware. In addition, startups are popping up to establish e-bike rental services in big cities that will lead to market growth.

The high costs associated with e-bikes, though, are likely to deter demand. Notably, this is taken into account by suppliers and they are looking for ways to cut costs without losing quality to boost revenue during the review period. This would undoubtedly give rise to business opportunities in the years to come. In addition, strict government e-bike laws are restricting market growth. However, the potential offer of e-bikes to alleviate traffic in congested cities is expected to provide growth for the business room.

Key Players

The major players profiled in e-bike market are Derby Cycle AG (Germany), Panasonic (Japan), Accell Group (Netherlands), Easy Motion electric bikes (U.S), Pedego (U.S), Jiangsu xinri e-vehicle co. ltd (China), Yadea technology group co. ltd (China), Bosch (Germany), Stromer (Switzerland), and BTS machinery Co., Ltd (China)

E-Bike Market Dynamics

The global market for electric bikes continues to be influenced by a mix of different macro-economic and micro-economic factors. Consistent advances in technology have allowed the development of comfortable, environmentally-friendly electric bikes. Demand for electric bikes is also greatly affected by rising customer perception of the need to reduce their carbon footprint.

Extended government funding and implementation of strict rules in different geographies have driven the sale of electric bikes. In metro cities, particularly in North America and European countries, the concepts of public charging infrastructure and e-bike rental services are on the rise. Increased investment in research and development by a range of industry players, the growth of new high-efficiency batteries, and the production of high-performance vehicles have played a pivotal role in accelerating the adoption of electric bikes.

Nevertheless, some factors pose challenges to the development of the global market for electric bikes. Electric bikes are very expensive and cannot be purchased by all. As these bikes run on batteries, they need regular charging — which remains a challenge due to the limited charging stations. Maintenance of the product is also of the utmost importance, and also requires a proper charging system. High maintenance costs are another primary factor that dissuades customers from purchasing electric bikes.

E-Bike Market Segmentation

The global e-bike market has been segmented into type and battery.

Based on type, the global e-bike market has been classified into throttle on demand, pedelecs, scooter & motorcycle

Based on battery type, the global e-bike market has been segmented into nickel-metal hydride (NiMH), lead-acid, lithium ion, and others

Regional Analysis

Region-wise, the global e-bike market has been segmented into North America, Asia Pacific, Europe, and the Rest of the World.

The Asia Pacific region is anticipated to accelerate the global market for electric bikes. The APAC region is expected to remain attractive for electric bikes and is expected to lead the global demand for electric bikes. Countries like India and China have made a significant contribution to the growth of the APAC region. China has seen a higher use of electric bikes, which has increased sales figures and has also had an impact on the development of the global market. In India, the government has promoted the use of electric bikes and is looking forward to transforming every “fuel-driven vehicle” into electric vehicles by the end of 2035.

Some main markets for electric bikes are Europe and North America. Several electric bike manufacturers are based in these two areas. Europe and North America remained at the forefront of developments in electric bike technology. The market for an electric bike in Europe and North America is expected to rise at similar rates during the forecast period.

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About Market Research Future -

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

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

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

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 Acoustic Vehicle Alerting Systems Market Synopsis

Market Research Future (MRFR), in its Latest Research on the global Acoustic Vehicle Alerting Systems Market, is estimated to witness a CAGR of 12% from (forecast period). As per the study, the acoustic vehicle alerting systems market size is likely to escalate. The worldwide acoustic vehicle alerting systems market 2020 can experience a sharp rise due to the rise of adoption of electric vehicles (EVs) and the proliferation of the automobile sector can impel the expansion of the acoustic vehicle alerting system market. The rise in safety relating concerns and the growing awareness of acoustic perception can prompt the growth of the market.

The Acoustic Vehicle Alerting System (AVAS) is a sound generation device for electric vehicles and hybrid electric vehicles. The noise frequency/level emitted by the EV is very different from that generated by the internal combustion engine (ICE) vehicle. The low noise level of the EV could make it difficult for pedestrians, particularly the visually impaired population, to detect an approaching EV immersion in the flow of traffic due to the masking effect of ambient noise. In addition, the increasing number of electric vehicles on the road increases the possible danger of silent vehicles for pedestrians, cyclists, and the general population.

The noise frequency or level emitted by electric automobiles can differ from those emitted by internal combustion engine automobiles. Electric automobiles have low noise level that might induce difficulty for pedestrians and visually impaired people. It growing need to resolve issues with approaching EV that are immerse in the flow of traffic due to the effect of masking can be provided by the ambience of noises. Furthermore, the rise in number of electric cars on road can cause potential danger to silent vehicles, cyclists, pedestrians, and geriatric public. As per MRFR study, the world acoustic vehicle alerting systems market can rise at about 12% CAGR through the evaluation period 2019–2025.

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Key Players

The key participants identified by MRFR in the global acoustic vehicle alerting systems market are Delphi Technologies (UK), Denso Corporation (Japan), HARMAN International (US), Daimler AG (Germany), Volkswagen AG (Germany), BMW AG (Germany), Nissan Motor Corporation (Japan), MANDO-HELLA Electronics Corp. (South Korea), Honda Motor Co., Ltd (Japan), and KUFATEC GmbH & Co. KG (Germany).

Acoustic Vehicle Alerting Systems Market Dynamics

The growth of the global market for acoustic vehicle alerting systems can mainly be attributed to the strict regulations imposed by governments across the globe to curb the risk of accidents induced by electric vehicles’ low sound. For example, the European Union has a new regulation requiring all new electric and hybrid vehicles to alert pedestrians when traveling at speed below 12 mph by 2021. Likewise, in the US, the National Highway Safety Administration (NHTSA) mandated to require all electric and hybrid vehicles to emit sound while traveling up to 18.6 mph by September 2020.

Nevertheless, the reliability and longevity of AVAS in electric vehicles are expected to impede the growth of the global market for acoustic vehicle alerting systems over the forecast period. The rising demand for autonomous vehicles and connected vehicles generates opportunities for manufacturers.

Moreover, governments around the world, including the United States, the United Kingdom, India, and China, are taking steps to raise awareness about the use of electric vehicles to mitigate adverse environmental impacts and foreign exchange reserves. For illustration, the Government of India has launched the National Electric Mobility Mission Plan (NEMMP) 2020, with the goal of achieving national fuel security by encouraging the use of electric vehicles in the country. Likewise, the European Commission initiated ‘Green eMotion’ project worth EUR 41.8 million (USD 47.22 million) intending to achieve technical optimization and the growth of the EV industry. This further increases the penetration of electric vehicles on the road, leading to the global market’s growth for acoustic vehicle alerting systems.

Acoustic Vehicle Alerting Systems Market Segmentation

The global market for acoustic vehicle alerting systems has been segmented into vehicle type and sales channel.

Based on vehicle type, the global market for acoustic vehicle alerting systems has been segmented into heavy commercial vehicles, passenger car, and light commercial vehicles.

Based on the sales channel, the global market for acoustic vehicle alerting systems has been segmented into the original equipment manufacturer (OEM) and aftermarket.

Regional Analysis

The global market for acoustic vehicle alerting systems has been segmented into four major regions: North America, Europe, Asia Pacific, and the Rest of the world.

The demand for electric vehicles in North America is projected to dominate the global market for acoustic vehicle alerting systems over the assessment period. This is due to the government’s strict pre-mounting standards for EVs and hybrid cars during the manufacturing process.

Europe is anticipated to see strong growth in the global market for acoustic vehicle alerting systems. Growth in the region can be attributed to the strict rules laid down by the European Parliament to allow AVAS to all new electric and hybrid vehicles.

The Asia Pacific is expected to post the highest CAGR on the global market for acoustic vehicle alerting systems during the forecast period

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

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

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

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Market highlights

The global automotive power electronics market 2022 is slated to mature at a CAGR of 5.12% and reach USD 5.5 billion by the Forecast Period,

Over the past few years, the global automotive power electronics market has experienced potential growth and the market has been analyzed to expand at the same rate during the forecast period.

Increased demand for new technologies in cars, increasing environmental issues leading to an increased usage of electric vehicles, and increased protection of electronic control panels in vehicles are the reasons responsible for the growth of the automotive electronics industry. In electric vehicles, which need power electronics for system safety, advancements in technologies such as electronic stability control (ESC), advanced driver assistance systems (ADAS), and electronic control units (ECU) have emerged.

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The growth in the use of power electronics in cars has contributed to this development in technology. During the projected era, the rise in the use of power electronics in electric vehicles resulted in market development. The rising environmental problem caused by pollution has contributed to increased demand for electric cars.

Increasing demand for electric vehicles has led to an increase in the use of power electronics, which will drive the market. The price of crude oil per barrel has risen very steadily over the last decade, and its supply has declined day by day. Because of these reasons, the population's demand for electric cars is changing.

Latest Industry News

  • Global power and thermal management solutions provider Delta Electronics, whose core competencies lie in high-efficiency power electronics and system integration, has chosen the Automotive Campus Helmond for its expanded operations in Europe and the MEA region. 3 JAN 2019
  • Lear is planning to converge its seating business, and its electronics unit to capitalize on the shift toward electrified, connected and autonomous vehicles. Seating business accounts for about 75% of Laer's sales. 31 JAN 2019

Key Players

Key contenders profiled in the global automotive power electronics market report include Vishay Intertechnology Inc. (U.S.), Robert Bosch GmbH (Germany), Qualcomm Ins. (U.S.), NXP Semiconductors N.V. (Netherlands), Maxim Products Inc. (U.S.), Mitsubishi Heavy Industries Ltd. (Japan), Renessa Electronics Corp. (Japan), ON Semiconductor Corp. (U.S.), Texas Instruments Inc. (U.S.), and Infineon Technologies AG (Germany). 

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Market Segmentation 

The MRFR report highlights an inclusive segmental analysis of the global automotive power electronics market based on vehicle type, application, and component. 

By component, the global automotive power electronics market is segmented into sensor, power IC, and MCU. Of these, the sensor component segment is predicted to lead the market over the forecast period for being the chief component in electric cars. 

By applications, the global automotive power electronics market is segmented into safety and security system, infotainment and telematics, chassis and powertrain, and body electronics. Of these, body electronics will dominate the market over the forecast period. 

By vehicle type, the global automotive power electronics market is segmented into commercial vehicles and passenger cars. Of these, passenger cars will have a major share in the market over the forecast period for the rising sales of electric cars. 

Regional Analysis 

Based on the region, the global automotive power electronics market report covers the recent trends and growth opportunities across the Asia Pacific (APAC), North America, Europe, Latin America & the Rest of the World (RoW). Of these, North America will have the lions share in the market over the forecast period. The increasing use of technological advancements in electric vehicles will add to the global automotive power electronics market growth in the region. 

The global automotive power electronics market in the APAC region is predicted to have sound growth over the forecast period. Rising sales of electric cars, growing prosperity in emerging economies, and increasing demand for cars due to people’s capacity to own one are adding to the global automotive power electronics market growth in the region. India and China have the utmost share in the market. 

The automotive power electronics market in Europe is predicted to have healthy growth over the forecast period. The growing adoption of electric cars, advances in automobiles, and growing focus on vehicles that offer high performance and are lightweight are adding to the global automotive power electronics market growth in the region. 

The global automotive power electronics market in the RoW is predicted to have steady growth over the forecast period. 

Continue.......

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About Market Research Future -

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

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

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

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

Market Overview -

The global automotive parking sensors market is growing at a rapid pace. The market growth attributes to the increasing deployments of advanced sensor technologies in vehicles to enhance vehicle safety. Various governmental approaches towards automobile, driver and passenger safety have imposed many regulations, mandating automakers to deliver vehicles with safety features installed.

The introduction of such safety regulations also helps the automotive parking sensor industry to grow exponentially. Reverse parking sensors to alert drivers of obstacles when the reverse gear is activated, electronic stability control, and the autonomous emergency braking are being considered by governments worldwide to introduce in vehicles from the factory model itself by 2022-23.

This, as a result, indicates the automotive parking sensors market is projected to perceive substantial traction in the recent future. In this regard, Market Research Future (MRFR) confirms that the global Automotive Parking Sensors Market is expected to witness ~7.5% CAGR during the forecast period. Moreover, concerns for safety, security, and connectivity escalate market growth.

Increasing numbers of vehicles create the need for efficient parking sensors and solutions. The growing urbanization and parking concerns due to the spurring increase in vehicle production and sales, population, and economic growth worldwide drive the market growth. The COVID 19 pandemic is also influencing the market growth exponentially, increasing the adoption of contactless parking solutions/ apps across the globe.

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Significant Players

Significant players that are adopting various marketing hacks to boost their share in the Automotive Parking Sensors industry are NXP Semiconductors N.V. (the Netherlands), Denso Corporation (Japan), Valeo (France), Gentex Corporation (U.S.), Aptiv PLC (Greece), Continental AG (Germany), TGS Group (UK), Robert Bosch GmbH (Germany), Autoliv Inc. (Sweden), Murata Manufacturing Co., Ltd. (Japan), and more.

Key Drivers and Main Barriers

In June 2020, Maruti Suzuki India revealed that it is planning to launch CNG models, electric cars and SUVs in the country by 2021. Considering the safety aspect, Maruti Suzuki’s first electric car is expected to feature rear parking sensors, along with side airbags, seat belt reminder as well as a speed alert system. Notable launches by top companies, wherein the car models are equipped with the latest technologies such as parking sensors, not only helps them gain extensive profits but also benefit the automotive parking sensors market, as it gives a significant boost to the vehicle sales across regions.

Assisted-parking systems are observing massive demand among consumers, which could be a prominent growth inducer in the automotive parking sensors market. Parking sensors find extensive use in assisted-parking systems since they help sense any hurdles within the car range and then produce a visual or audio alert for the driver. Digital graphics display screens along with reverse parking systems reveal the hurdle that the car is closest to and provide safer, more accurate and better movement. Leveraging the growth potential of the market, more and more players are introducing advanced parking assist systems that feature rear-facing cameras to draw in a higher number of customers.

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Market Segmentation 

The parking sensors market can be considered for type, technology, sales channel and vehicle type.

The types of automotive parking sensors include front parking sensors, reverse parking sensors, and more.

The technology-wise market categories are Electromagnetic sensors, Ultrasonic sensors, Laser, Infrared sensors, and others.

Depending on the sales channel, the primary segments listed in the study are OEM as well as aftermarket.

Vehicle types that have been taken in account by MRFR experts are LCV, HCV and passenger cars.

Regional Overview

The Automotive Parking Sensors market is spread across the main regions of North America, APAC or Asia Pacific, Europe, and RoW or Rest of the World.

In the coming years, it is expected that Europe could claim the biggest share in the global market, with the lead projected to be taken by the top automobile manufacturing economies such as France and Germany. Strict regulations in the region that pertain to pedestrian and vehicle safety are also prompting automotive OEMs to equip their vehicles with safety features like parking sensors.

The APAC market could possibly procure the fastest expansion rate over the review period, with the top contributors to the growth being the developing countries of India and China. The production as well as the demand for automobiles across these countries is consistently growing, which is also encouraged by the booming population. Due to these factors, these nations are perennially faced with parking space issues, which have enhanced the significance of features like parking sensors. Besides, the escalating disposable income of the people in the region along with the expanding middle class populace that are highly aware of pedestrian and vehicle safety also result in a positive industry outlook

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About Market Research Future -

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

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

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

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com


Automotive Natural Gas Vehicle Market Scenario

Market Research Future (MRFR), in its latest report on the Automotive Natural Gas Vehicle Market 2022, shed light on forces that govern the market. The impact of the COVID 19 on the automotive natural gas vehicle market is explained in the report. As per MRFR, the automotive natural gas vehicle market can rise at 6% CAGR through the review period 

The abundance of natural gas is expected to boost the expansion of the automotive natural gas vehicle market is expected to boost the expansion of the market through the review period. The rise in popularity of automotive natural gas vehicle as the cleanest burning commercial fuels can boost the expansion of the automotive natural gas vehicle market across the assessment period. The rise demand for natural gas driven vehicle to meet vehicle emission standards can also prompt the expansion of the market.

The growing adoption of automotive natural gas vehicle among consumers, and fleet operators resulting in increase in their manufacturing can impose the expansion of the automotive natural gas vehicle market through the review period. On the contrary, certain shortcomings in the operation of natural gas vehicle, such as need for extra space for fuel storage and short driving range can deter the expansion of the automotive natural gas vehicle market.

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The recent surge in the natural gas production due to technology advancements in the natural gas extraction methods can boost the expansion of the market across the globe as this resulted in the reduction of commodity price for natural gas. In addition, price fluctuation of natural gases compared to crude oil price can also support the expansion of the market.

Key Players

Landi Renzo (Italy), Westport (Canada), Shaanxi Automobile Group Limited (China), Dongfeng Motors Group Limited (China), Beiqi Foton Motors Group Limited (China), AB Volvo (Sweden), CNH Industrial NV (The Netherlands), and Daimler AG (Germany) are some notable names in the automotive natural gas vehicle global market listed by MRFR.

Industry News

September 2019

Landi Renzo, an Italy based producer of compressed natural gas and autogas kits for automobiles, announced its partnership with Los Angeles World Airports, airport authority that is the owner and the operator of Van Nuys Airport and Los Angeles International Airport in Los Angeles. The pact to result in facilitating compressed natural fueling (CNG) systems to airport fleet.

Isuzu Motors South Africa (IMSAF), Tokyo-based, Africa manufacturer of diesel engine and commercial vehicle, to evaluate alternative propulsion technologies in two types of trucks to study the natural gas vehicle market growth in Africa.

Market Insights

Degrading environmental condition is expected to boost the global automotive naturals gas vehicle market. Declining quality of air is inducing several health conditions such asthma, COPD, and others in people. Recently, an increase in carbon footprint due to automobile population is noted. The rise in need for environmental pollution reduction is escalating the sales of natural gas-fueled automobiles. This factor is anticipated to drive the automotive naturals gas vehicle market growth, globally. In addition, the growing geriatric population, intolerant to environmental pollution, is also likely to cast a positive impact on the market growth.

The exploitation of fossil fuel is a rising concern. This is noted to trigger the shift from diesel or petrol driven automobiles to natural gas-fueled cars among people. Natural gas is a renewable source of energy. This eliminates the exhaustiveness demerit of fossil fuel. Technical advancements are making the extraction process of natural fuel seamless that is resulting in price cut-down. Hence, the automotive natural gas vehicle market is expected to gain momentum over the forecast period.

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Market Segmentation

The segment analysis of the automotive natural gas vehicle market is done by vehicle type and fuel type.

The fuel type based segment of the automotive natural gas vehicle is Compressed Natural Gas (CNG). The high utility of CNG and widespread utility of automotive natural gas vehicle can boost the market rise.

The vehicle type based segment of the automotive natural gas vehicle market is heavy-duty vehicles that include road tractors, transit buses, and trucks. Increase in heavy duty natural gas driven automobile can boost the expansion of the market.

Regional Analysis

In APAC, the increase in air pollution is boosting the adoption of automotive natural gas vehicle is expected to boost the rise of the regional market. Increase in support from the government to curb air pollution and strict measures taken to maintain air quality index are other factors that are expected to prompt the expansion of the automotive natural gas vehicle market in the years to come.

In North America, the rapid replacement of gasoline and diesel propelled vehicles with natural gas driven automobiles can support the expansion of the regional market. In addition, the growing awareness about benefits of automotive natural gas vehicles, such as very narrow flammability range, high auto-ignition temperature, long-term price stability, simplified fuel system, and relatively cheap can support the rise of the automotive natural gas vehicle market in the analysis period. In Europe, the rise in awareness about fuel characteristics of natural gas being favorable to the utility of high-duty vehicles can impel the expansion of the regional market.

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About Market Research Future -

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

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

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

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com


Automotive Luxury Vehicle Market -Overview

According to Market Research Future (MRFR), the global automotive luxury vehicle market is estimated to grow at 35% CAGR during the assessment period. The COVID-19 outbreak has deeply impacted the traditional method of offline lead generation and selling luxury cars. However, manufacturers and dealers have shifted from the offline lead generation model to online sales. This initiative to engage with prospective buyers through digital channels proves to be a game-changer in market growth. 

The global automotive luxury vehicle market is garnering remarkable growth. The market growth is attributed to the rising sales of luxury vehicles. Besides, the continual product launches and increasing aftermarket activities drive the growth of the market. The strong economic growth worldwide had been continually spurring the demand in the automotive industry until the recent Coronavirus pandemic. However, the market is again experiencing an uptick over the past 4-5 months, further escalating the market growth.

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Additionally, rapid advances in technologies and manufacturing technologies influence the growth of the market. Rising adoption of luxury cars to add comfort in vehicles and minimize maintenance costs pushes market growth. The growing sales of luxury vehicles and sports cars impact the growth of the market positively. Also, the constant rise in smart and autonomous vehicle sales boosts market revenues.

Segmental Analysis

The automotive luxury vehicle market is segmented into body type, component, fuel type, end-user, and region. Based on body type, the automotive luxury vehicle market consists of a sedan, hatchbacks, and SUVs. The component basis of segmenting the automotive luxury vehicle market consists of biometric sensors, LiDAR, and radar. Based on the fuel type, the automotive luxury vehicle market consists of FCEV, ICE, Hybrid, and BEV.  On the basis of end-user, the automotive luxury vehicle market consists of personal mobility and carpooling. On the basis of regions, the automotive luxury vehicle market comprises of Asia Pacific, Europe, North America, and rest of the regions.

Detailed Regional Analysis 

The regional scrutiny of the automotive luxury vehicle market comprises of Asia Pacific, Europe, North America, and the rest of the regions. The North American region is one of the primary automotive markets in the world. The massive landscape roads in the region coupled with state of the art road setup make this region perfect for the constantly swelling automotive sales. The European region is where the mainstream of the world’s affluent and high-end car producers have their global headquarters. The people located in this region are identified for their intense interest and expenditure in lavish and high-performance vehicles. The Asia Pacific region is likely to be the subsequent automotive center of the world. The two of the most encouraging economies in terms of growth, i.e., India and China, are expected to have exponentially growing automotive sales for a reliable period of time.

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Competitive Analysis

The market is observed to be on a hot streak of expansion in the forecast period. The market players are expected to contribute in a significant way to the progress of the market by investing capital and fortifying their assets along with their competencies, in the market to match the pulse of the market. The customer inclinations are projected to define the growth of the global market more than ever in the coming years. The intensive attention focused on research and development activities is projected to open up new areas for the development of the market in the forecast period. The robust marketing activities undertaken by the contenders in the market are inspiring the next steps for market development in the forecast period. The improved backing by government and trade bodies are creating a favorable pace of growth in the market. The control of overhead costs is projected to motivate the market considerably in the forecast period.

The fundamental companies in automotive luxury vehicle market are BMW (Germany), Audi AG (Germany), General Motors Company (U.S.), Denso Corporation (Japan), Daimler AG (Germany), Tesla, Inc. (U.S.), Delphi Technologies, Inc. (U.K), NXP Semiconductors N.V. (Netherlands), Infineon Technologies AG (Germany), Robert Bosch GmbH (Germany), Porsche AG (Germany), and Continental AG (Germany).

Industry Updates:

Feb 2020 Toyota Kirloskar Motor (TKM) recently commenced the launch of a luxury self-charging hybrid electric vehicle Vellfire in India. The newest Toyota car in India is armed with dual electric motors and a hybrid battery for reduced emissions. 

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About Market Research Future -

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

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

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

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Automotive Interior Components Market Highlights:

The growth of the Automotive Interior Components Market is majorly driven by increased income levels of people in the Asia-Pacific region. The government initiatives combined with the booming automotive industry have resulted in better automotive sales. The market is further driven by the growing competition between the manufacturers to produce high-quality interiors and increase the comfort of passengers. However, the growth of this market can be restrained by the cost of the materials and the continuous research and development that is needed to update the technology.

Global Automotive Interior Components Market Is Predicted To Reach USD 355.5 Billion By 2022:

Market Research Analysis:

Increasing competition between global automobile manufacturers to manufacture high-quality cars has increased the automobile interior market growth. The ability of the growing world population to afford automobiles is further increasing the market. Additionally, the interiors of automobiles have gained prominence in recent years because of technological advancements in materials and affordability.

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Asia-Pacific is expected to be the largest market for automobile interiors, due to countries such as China and India in the region. North America and Europe are further expected to contribute to the growth. There is an increasing requirement for high-quality interiors, even in small category cars because of growing competition among the global car manufacturers. All these factors are contributing to the growth of the automobile interior market.

Key Players:

The key players of global automotive interior Components markets are Toyoda Gosei Co. Ltd (Japan), Toyota Boshoku Corporation (Japan), Lear Corporation (U.S), NTF India Pvt Ltd (India), Sage Automotive Interiors. Inc (U.S), BASF Automotive Solutions (Germany), and Faurecia S.A (France).

Scope of the Report:

This study provides an overview of the global automotive interior Components market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Automotive Interior Components market by its type, application, operational depth, and regions.

By Components

  • Infotainment

  • Instrument Cluster

  • Telematics

  • Flooring

  • Automotive Seat

  • Door Panel

  • Interior Lighting

By Vehicle Type

  • Passenger Vehicle

  • Commercial Vehicle

By Region

  • North America

  • Asia Pacific

  • Europe

  • Rest of the World

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About Market Research Future -

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

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

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

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 Hyper Car Market-Overview

Continue…….

 

 

 Automotive Biometric Market Analysis

 

 

 Automotive Bearing Market — Overview

Market Research Future (MRFR), in its research study, emphasizes that the Automotive Bearing Market is expected to show a growth at CAGR of about 6% during the forecast period.

Automotive bearings a vital components in automobiles and are responsible for efficient and smooth running of the vehicle. Their main function is to enable linear or rotational movement along with handling high stress. They are the central part in various automobiles that allow the desired motion and compel relative motion. They ensure efficiency and speed enhancement of the vehicle while maintaining balance. Automotive bearings involve a ball with an external and internal frictionless metal surface that support the smooth movement of the bearings. The ball inside the bearing typically handles the load, which in turn causes rotation of the bearing.

The growth in the automotive production, is expected to fuel the demand of automotive bearing over the forecast period. The demand for vehicles with technologically advanced solutions is increasing, thereby, resulting in increase in vehicle manufacturing that requires instrumented products.

However, high pricing and forging are main challenges faced by the global market for automotive bearings.

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Automotive Bearing Market — Competitive Analysis

The Market is witnessing increased competition and is expected to further intensify during the forecast period. The players in the market incorporate acquisition, collaboration, partnership and expansion in order to gain competitive advantage in this market and to maintain their market position.

Technological advancements in the manufacturing of the automotive test equipment and the increasing research and development expenditure by the key players is expected to increase the level of competition in the Automotive Bearing Market.

Key Players:

Schaeffler AG., Jtekt Corporation, NTN Corporation, Iljin Bearing Co., Ltd., Timken Company, Svenska Kullagerfabriken AB, RKB Bearings, Timken Company, ORS Bearings, and CW Bearing. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Bearing Market.

Drivers and Restraints

As per the trend, ball bearings of ceramic and white metal alloy are expected to capture the automotive bearing market as they are lightweight and improve product quality by reducing friction and energy consumption during operations. Over the forecast period, growth in automotive production is expected to fuel the demand for automotive bearing. Demand for vehicles with technologically advanced solutions is growing, leading to increased vehicle production requiring instrumented products.

High pricing and forging, however, are major challenges facing the global automobile bearings market. Despite the total decrease in the number of bearings in the new electric vehicles, product innovations are expected to continue to generate bearings demand in the near future. In addition , the market is currently polarizing to the most prominent players in the competitive landscape, which is also expected to boost market growth during the review period.

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Automotive Bearing Market Segmental Analysis

The Automotive Bearing Market can be segmented based on type and vehicle type.

Segmentation by Type has been done into Ball Bearings, Roller Bearings, Plain Bearings, Thrust Bearings, and Others. The roller bearings will continue to roll to the top by product type compared to other types of bearings, comprising ball bearings and plain bearings.

Vehicle type segmentation was conducted into 2-Wheeler, Passenger, and Commercial. Based on vehicle type, passenger vehicles (PV) will remain the largest consumer of automotive bearings in near future, among all vehicle types, such as commercial vehicles (CV) and two wheelers.

Automotive Bearing Market Regional Assessment

The global market geographic overview was conducted in four major regions including Asia Pacific , North America, Europe and the rest of the world.

The key regions for the automotive bearing market are Asia-Pacific. The Asia-Pacific market for automotive bearings is expected to show substantial growth. Emerging economies like China, India, are expected to drive the market as a result of rising demand for automobiles, the automotive bearing industry is expected to drive the increased disposable income & buying power of individuals. China, which is currently the second largest country-specific market in terms of revenue, Strong growth is expected in the coming years, gaining substantial market value to become the largest country-specific automotive bearing market. The Asia-Pacific market is also growing due to factors such as increasing numbers of vehicle manufacturing facilities due to low cost of production , increased capacity of production and increased demand for light and heavy vehicles.

Developed regions like North America and Europe will show static growth for the automobile bearing industry. The North America field is a developed market for car bearings. Original manufacturers of equipment in the region focus on efforts to improve production quality to deliver quality product. Many original machinery manufacturers are building manufacturing plants in Mexico and Canada, which is increasing demand for car bearings.

Continue……

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About Market Research Future -

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

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

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

Contact:

Market Research Future®

99 Hudson Street,5Th Floor

New York, New York 10013

United States of America

Phone: +1 628 258 0071(US) +44 2035 002 764(UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

 

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