Saturday, July 14, 2018

Global Automotive Sunroof Market Research Report – Industry Insights by Material Type and by Vehicle Type (Premium Cars, SUV, Sedan Cars, Hatchback, Others)

The factors driving the growth of the global market includes growing need to control light inside vehicle, growing demand for premium cars, and greater glass surface area in automobiles, including larger sunroofs. Additionally, the development of technology for reducing cost and expanding functionality of sunroof glasses and increasing consumer preference towards automotive sunroof vehicles in developing nations are expected to further propel the global demand of automotive sunroof.

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Automotive sunroof refers to any roof opening in vehicle, such as one with a retractable metal panel. Modern sunroof consists of around 200 parts, and vehicle maker now use them and other roof system to help differentiate product offering to customers. Consumers now expect an increasingly high level of comfort in their cars, particularly where air conditioning and sun roof are concerned. Such equipment is no longer the exclusive domain of luxury cars. As the market is becoming increasingly competitive, vehicle makers are using sunroofs and other roof systems to help differentiate the product offering to customers. 

The major reasons behind the growth of the automotive sunroof market are strict environment regulations, increasing demand for electric vehicles, and growing need to control light inside vehicle. Asia-Pacific held the second largest share in the global market and it is also expected to witness the fastest growth during the forecast period. The demand for automotive sunroof in Asia-Pacific is expected to increase rapidly, owing to growing base of automotive industry, and increasing demand for luxurious and premium cars.

Among the various vehicle types, the premium cars held the major market share in the global automotive sunroof market. The high-income group prefers premium cars owing to their aesthetic looks, convenient travel experience, and it also resembles the statues symbol in the society. Now-a-days sedan cars are extensively using sunroof systems, as the manufacturer are targeting middle income group people and also the convertible sunroofs are gaining popularity among the individuals.


Some of the major companies operating in the global automotive sunroof market include Webasto SE, Johnan America, Inc., Automotive Sunroof Company, Nippon Sheet Glass Co. Ltd., Yachiyo Industry Co., Ltd., Corning Inc., Meritor Inc., Aisin Seiki Co., Ltd., Inteva Products, LLC, and Inalfa Roof Systems Group B.V.

Friday, July 13, 2018

Global Automotive Fuel Injection System Industry Insights - Development, Growth and Demand Forecast to 2022


The increasing need for fuel efficient vehicles and stringent emission control norms are expected to drive the demand for automotive fuel injection system over the forecast period. Serious issues related to environmental pollution has cropped up mainly because of industrial emission and automotive emission; mainly carbon monoxide and sulfur dioxide emitted by vehicles. Extraction and use of conventional fuels such as petroleum products is increasing.


Automotive Fuel Injection System Market
In many countries, governments have imposed stringent emission control norms to reduce the greenhouse gases emission from the vehicles. In 2011, global CO2 emission stood at 31.6 gigatons, with 23% of these emissions coming from all transport sectors.

According to the Corporate Average Fuel Economy regulations, all vehicles plying in the U.S. need to have average fuel efficiency of 54.5 miles per gallon by 2025. As per the European government CO2 emission regulation, the total CO2 emission from new passenger cars should be decreased from 130 gram (g) per kilometer (Km) travel in 2013 to 95g per Km travel by 2020.

The key opportunity witnessed in the global automotive fuelinjection system market includes growing two-wheeler market for fuel injection system and product development opportunities in natural gas vehicles.

Among the various components of automotive fuel injection system, the engine control unit (ECU) held the largest share in the global automotive fuel injection system market in 2015 in terms of value and is expected to grow at a CAGR of 8.1% during 2016 – 2022. The consumption of automotive fuel injection system was the largest in passenger car segment in 2015, compared to other vehicle types. Based on fuel type, the market of automotive fuel injection system in diesel vehicles has been larger than gasoline vehicles in terms of volume.

Asia-Pacific has been the largest market for automotive fuel injection system market, accounting 48.7% of the global market in terms of value in 2015. Asia-Pacific is expected to be the fastest growing region in the global automotive fuel injection system market, registering a CAGR of 8.4% during 2016 – 2022. The major reason for the growth of the market in the region includes increased vehicle production and strict emission norms. The production volume for passenger car and light commercial vehicles (LCV) in Asia-Pacific accounted for more than 50% of the global production.

Europe was the second largest market for automotive fuel injection systems in 2015 in terms of value. Developed countries such as Germany, the U.K., France, Spain and Italy constitute a major share of the European automotive industry, which is dominated by established OEMs such as BMW AG, Daimler AG, Fiat and PSA/Peugeot-Citroen, Volkswagen Group, and others.


Some of the major players operating in the global automotive fuel injection system market include Continental AG, Robert Bosch GmbH, Denso Corporation, Delphi Automotive PLC, Hitachi, Ltd., Magna International Inc., Mikuni Corporation, Johnson Electric, and SHW AG.

Explore Global Telematics Market Research Report - Size, Share, Development, Growth and Demand Forecast to 2022


The growth of the global telematics market is being driven due to several factors, including government initiatives to include advanced technology in public safety on roads, increasing demand for premium passenger cars and growing demand for connectivity in vehicles. The use of telematics has been constantly increasing in insurance sector for tracking the driving conditions to calculate precise vehicle insurance premium.


Telematics Market
North America dominated the global market; however Asia-Pacific is estimated to grow at the highest pace during the forecast period. The high cost of telematics equipment and hacking threats are the key restraints in the global market. The poor internet infrastructure in the developing countries is also hindering the adoption of telematics.

With the advancement in technology, the demand for connectivity is increasing everywhere. Vehicle telematics, trailer tracking, and container tracking are the common application areas of telematics. They are used to transform automobiles into communication objects. Earlier telematics were integrated only on premium vehicles; now it’s either offered as standard feature on select vehicles, or as an option for the low-priced vehicles. It also enables patient’s health tracking while travelling.

In order to assure vehicular safety, the government in several countries has been promoting the use of telematics in vehicles. For instance, eCall project promoted by European Commission (EC) was adopted in Europe in 2013. eCall is targeted to provide assistance to motorists, who have met with road accident and are unable to speak due to injuries. It is applicable for the vehicles in which telematics is installed.


The government of China rolled out a program in 2014 that promotes the use of fleet management solution in every vehicle. In Brazil, a program known as SIMRAV has been introduced to monitor and control crimes associated with vehicles. This program is also operated with the help of telematics.

The key competitors in the global telematics market include Verizon Communication Inc., Harman International Industries Inc., TomTom International BV, AT&T, Vodafone Group Plc, Ford Motor Company, BMW Group, Telefonica SA, MiX Telematics, Trimble Navigation Ltd.

Global Automotive Digital Instrument Cluster Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023


The market growth is mainly driven by increasing sales of premium and electric cars. In addition, the growing penetration of in-vehicle safety features is expected to boost the market growth during the forecast period.

Industry trends indicate that by 2030, majority of the cars will have vehicle-to-infrastructure connectivity and vehicle-to-vehicle connectivity that will ensure better road and passenger safety.


Automotive Digital Instrument Cluster Market
Insights into market segments

On the basis of display size, the market is segmented into 5-8 inch, 9-11 inch, and more than 12 inch categories. The screen size between 9-11 inches has been leading the automotive digital instrument cluster market in terms of share; however, more than 12 inch displays are expected to be the fastest growing category during the forecast period.

On the basis of car, the automotive digital instrument cluster market has been categorized into conventional and electric. The conventional car category (that uses only ICE engine) has been accounting for a larger share in the digital instrument cluster market, mainly due to greater sales of these cars than electric cars.

On the basis of technology, the automotive digital instrument cluster market has been categorized into AI based and non-AI based instrument clusters. AI based digital instrument clusters have been accounting for higher sales till now, due to growing penetration of AI based features in premium cares, such as head-up displays and smart parking.

Europe reigns as the largest automotive digital instrument cluster market

Globally, Europe has been sealing the largest share in the market, with an estimated revenue contribution of more than 40.0% in 2017. The sales of these instrument clusters are dependent on the sales of premium and electric cars, as these cars are generally installed with digital instrument clusters. Europe accounts for the largest share of premium car sales in the world, which only reinforces the high sales of automotive digital instrument clusters in the region.

The share of Asia-Pacific in the global digital instrument cluster sales has been low till now, as the number of premium cars sold in the region is still less compared to Europe and North America. However, the region is the largest electric car market in the world, which is projected to benefit the sales of digital instrument clusters in the region, in the coming years.


Competitive Landscape

The global automotive digital instrument cluster market is characterized by the dominance of international players such as Continental AG and Visteon Corporation, which have technological expertise in software and hardware for building digital instrument clusters. As software is a critical component for digital instrument cluster, many established players are collaborating with software companies to gain a competitive advantage in the market.

Some of the other major players in the automotive digital instrument cluster market include Magneti Marelli S.p.A, Robert Bosch GmbH, Delphi Automotive PLC, DENSO Corporation, Yazaki Corporation, Nippon Seiki Co. Ltd., NVIDIA Corporation, Panasonic Corporation, and Intel Corporation.

Global Industry Insights in Start-Stop Technology Market by Product (Enhanced Starter, Belt-Driven Alternator Starter, Direct Starter, Integrated Starter Generator)


Stringent emission control norms, increasing need for fuel efficient vehicles and increasing adoption of hybrid vehicles are that factors that are expected to drive the demand for start-stop technology over the forecast period.


Start-Stop Technology Market
Insights on market segments

Enhanced starter and integrated starter generator-based start-stop systems are expected to dominate the market in future and are expected to be used widely in passenger cars. Enhanced starter and integrated starter generator are more cost-effective and fuel efficient clean energy technologies as compared to direct starter and belt-driven alternator starter technologies.

Europe stands as the largest start-stop technology market

Geographically, Europe has been the largest market for start-stop technology, where the U.K. has been the largest contributor to the regional market. China is the major market in the Asia-Pacific region, while the U.S. remains the highest revenue generator in the North American Market. In the Rest of the World, Brazil was the largest market in the Latin American and the Middle-East and African countries.

Increasing need for fuel efficient vehicles bolsters market growth

The factors driving the growth of the market include increasing need for fuel efficient vehicles and stringent emission control norms globally. In North America, Environmental Protection Agency (EPA) introduced emission standards for cars and light trucks.

Additionally, the Organization of the Petroleum Exporting Countries (OPEC) imposed new regulations on its members and restricted the production and export of crude oil. Such initiative has a negative impact on the crude supply to the developing countries including India, Brazil and China which mainly rely on crude imports. These imports could be reduced by increasing fuel efficiency in vehicles through the use of start-stop technology, which leads to its increased demand.

The key trend observed in the global start-stop technology market is the adoption of clean energy across the globe. Start-stop technology provides the advantage of reduced emissions over other technologies.


Top six players account for major market share

The research states that the global start-stop technology market had a consolidated structure in 2015, where the top six competitors accounted for a major share of the market. Some of the key players in the global market include Robert Bosch GmbH, Continental AG, Denso Corporation, Delphi Automotive PLC, Johnson Controls, Inc, Hitachi, Ltd., Mitsubishi Electric Corporation, Valeo SA, and BorgWarner Inc.

Global Plug-In Electric Car Market by Technology (BEV, PHEV), by Segment (Economy, Low, Medium, Premium), by Geography - Forecast to 2023

The government financial incentives such as subsidies and tax rebates on the purchase of electric cars and non-financial support, such as access to high-occupancy vehicle lanes and preferential parking for plug-in electric cars, are the major drivers for the growth of plug-in electric car market.

Insights on market segments

On the basis of segment, the market is categorised into low, economy, medium, and premium segment cars. Economy segment car has been experiencing higher sales globally. Economy-segment PEVs are estimated to account for the largest share, of more than 30%, in the plug-in electric car market in 2017, followed by low-segment cars. 


However, the volume sales of medium segment car are expected to advance at a higher growth rate during the forecast period. Economy car segment has higher preference in key markets, such as China, owing to its low cost.

Battery electric vehicle (BEV) segment is expected to be the largest and fastest growing segment over the forecast period, because of the introduction of new BEV variants and government polices supporting the adoption of BEVs. 

Asia-Pacific is projected to be the largest market

Asia-Pacific, led by China, is estimated to hold the largest share in the plug-in electric car market with more than 45% share in 2017. During the 2013–2016 period, the Chinese government heavily subsidized PEVs, which led to a boom in the industry, with sales growing at a CAGR of around 180%. By 2015, the government had spent around $4.9 billion in subsidizing plug-in electric vehicles. 

Europe is estimated to be the second largest plug-in electric car market globally, with a share of more than 25.0% in 2017. The EU has set a plan to minimize GHG emissions in the region to 80% below the 1990 levels by the end of 2050. 


Competitive Landscape

The global plug-in electric car market is highly fragmented with top three players accounting for less than 50% of the total sales. Tesla and General Motors are estimated to be the leading players in North America. BYD and Renault-Nissan-Mitsubishi Alliance are the major players in the Asian plug-in electric car market.

The other major players in the plug-in electric car market are Ford Motor Company, Volkswagen AG, Hyundai Motor Company, BAIC Motor Corporation Limited, Daimler AG, and Geely Automobile Holdings Limited.

Wednesday, July 11, 2018

India Electric Scooters and Motorcycles Market by Product, Battery Type, Voltage and Technology - Demand and Forecast to 2025

Increasing pollution awareness among people and increasing government support in the form of subsidies are the key factors driving the growth of the market.

Electric scooters and motorcycles use electric battery for propulsion and do not produce any emissions. Moreover, these electric two-wheelers are virtually silent and do not cause noise pollution. Electric two-wheelers can manoeuvre through congested streets; can be charged from traditional wall outlets and can have a removable battery.


India Electric Scooters and Motorcycles Market
As per the findings of research, electric scooters occupied the larger share of the market, however, the share of electric motorcycles is expected to grow in future. India would follow tough emission norms Bharat Stage (BS)-VI, from the current BS-IV, by 2020, skipping the BS-V. Such policies or initiatives to curb pollution levels in the country promises a positive regulatory environment for electric two-wheelers industry in coming years.

On the basis of battery type, lead acid battery powered electric scooters accounted for a majority share in India electric scooters and motorcycles market, owing to their cheaper price. However, the share of Lithium-ion powered electric scooters is expected to increase significantly by 2025 due to the declining prices of Lithium-ion batteries and its advantages over lead acid battery. On the basis of voltage, the 48V batteries are the most commonly used batteries in electric scooters in India. 

With high end electric scooters and motorcycles expected to be launched in the country, the share of high voltage batteries (such as 60V) would increase in future. On the basis of technology, plug-in accounts for a majority of sales in the country. It is predicted that the share of battery based electric scooters would increase in the forecast period.

Stringent emission norms expected to benefit the India electric scooters and motorcycles market

Stringent emission norms would increase the prices of conventional vehicles making the electric vehicles more viable to opt. Moreover, a positive regulatory environment is expected in future to support the sale of electric vehicles.

Bharat Stage (BS) norms which are currently prevalent in India are similar to the Euro norms of European Union (EU) countries. For instance, BS IV norms of India (implemented in 2017) is similar to Euro IV norms in EU countries. While India started late but took just 11 years to reach BS IV, compared to 18 years taken by EU. 

Moreover, the government plans to jump directly to BS VI by 2020, skipping BS V. These stringent emission norms are in line with the commitments made by India at the Climate Change Conference in Paris in 2015. Government focus to curb the pollution levels in the country promises a positive regulatory environment for electric scooters and motorcycles industry in coming years.


Consolidated market structure

The research states that the India electric scooters and motorcycles market is consolidated, where Hero Electric has been the leading player in the historic period due to good brand recognition and extensive distribution network. Other important players in India electric scooters and motorcycles market includes Avon, Lohia Auto, and Electro-therm which offers electric scooters with a brand name Yo Bikes. The remaining players in this industry are small and privately-owned companies, such as Ampere Vehicles.

Explore Global Electric Scooter and Motorcycle Market Size, Share, Development, Growth and Demand Forecast to 2025

Global electric scooter and motorcycle market to rise with potential growth

The global electric scooter and motorcycle market size was $12,961.8 million in 2016, and is expected to reach $22,192.0 million by 2025, growing at a CAGR of 6.9% during 2017-2025. Electric two-wheelers can maneuver through congested streets; can be charged from traditional wall outlets and often have a removable battery, allowing them to be charged indoors. 

The demand for electric vehicles is increasing due to rapid transformations taking place in the energy efficient and green automotive industry, and its positive impact on several alarming environmental, energy and traffic congestion issues observed in the recent past. Electric scooters and motorcycles are emerging as the need of hour, as commuters are in demand for solutions that provide innovative travelling experience with long distance coverage backup. 


Insights on market segments

As per the findings of the research, electric scooters were in higher demand compared to electric motorcycles. Sealed lead acid battery vehicles have been the largest revenue contributor in the global market; however, Li-ion battery based scooters and motorcycles are expected to witness the highest growth in demand, during the forecast period. China had been globally the largest market for these electric vehicles; whereas, the market is expected to witness the highest growth in India, during the forecast period.

Asia-Pacific stands as the largest electric scooter and motorcycle market

Geographically, Asia-Pacific accounted for more than 90% of the global electric scooter and motorcycle shipments in 2016. The highest growth in shipment is expected in Europe, during the forecast period; however, the market in North America is also expected to grow at nearly the same rate. The growth of the electric scooters and motorcycles market in Asia-Pacific is due to rapid urbanization and increase in household incomes, which is attracting the consumers to replace their fuel-driven two-wheelers with the electric variant. China, India, Indonesia, Japan and S. Korea are the major electric two-wheeler markets in Asia-Pacific; other major markets in the region include Australia, and Vietnam.

Increasing adoption due to growing concern for carbon emission

The increasing global release of carbon by burning fuel on roads has been a great concern for environmentalists and governments from the past decade. This concern has led to increase in further demand of electric vehicles (EV) and their adoption worldwide. Electric scooter and motorcycle, while reducing the carbon footprints on environment, have gained significant interest from various governments as efficient and reliable type of light motor vehicles (LMVs).

Apart from this, regulatory bodies across several countries have encouraged the adoption of ecofriendly vehicles, providing favorable environment in terms of incentives and relaxation in stringent norms to set up manufacturing units, and boost the sales of products and services. These favorable conditions have also been extended to several subsidiaries on adoption of electric 2 wheelers and huge public investments in various countries. For example, in Hong Kong, fiscal redemptions are provided based on LMVs and HMVs.

FEV providers have ample opportunities to put forward their arms in the design and development of such charging stations to widen the horizons of complete nature based transportation. For instance, recently the Ministry of Transportation (MTO), Canada, with regional EV providers, installed new solar powered electric vehicle charging stations in the city of Brampton.


Fragmented global electric scooter and motorcycle market

The global electric scooter and motorcycle market is highly fragmented, where top five players accounted for less than 35% revenue. All of the five major players -Yadea Technology Group Co. Ltd., Zhejiang Luyuan Electric Vehicle Co. Ltd., Aima Technology Co. Ltd., Sunra Group, and Dongguan Tailing Electric Vehicle Co. Ltd., are based in China. The other players having good regional presence include Govecs Group, Amper Vehicles, Vmoto Limited, Hero Electric, Energica Motor Company S.p.A., BMW, and Mahindra GeneZe. New product launches and joint ventures have been the key strategies of these major players to expand their presence in this market.

Friday, July 6, 2018

Worldwide Hybrid and Electric Vehicle Battery Market Size, Share, Development, Growth and Demand Forecast to 2022

Electric vehicle require battery for their operation, while hybrid electric vehicle use conventional fuel along with an electric propulsion system. Hybrid electric vehicle accumulate energy, when the vehicle decelerates. The power stored in batteries of hybrid electric vehicle is used for forceful tasks, such as accelerating from standstill. Once the vehicle is in motion, the combustion engine later runs the vehicle’s movement.


Majority of European countries import hybrid and electric vehicle battery from China, Japan, and South Korea. Despite slower economic growth in Europe, countries such as Norway, France and Sweden are expected to witness growth in the hybrid and electric vehicle market during the forecast period. The increasing penetration of hybrid and electric vehicle is expected to drive the growth of the hybrid and electric vehicle battery market during the forecast period.


China accounted for the largest market share of electric vehicle in 2015. With newly built smart cities and modern infrastructure, China is giving significant attention to the emission free public transit system. The government of China offers subsidies on the purchase of emission free vehicles that has assisted the growth of the electric vehicle market in the country. China is expected to lead the global hybrid and electric vehicle battery market during the forecast period. The average cost of lithium-ion battery is expected to decline significantly by the end of 2022.

Battery is a major factor in determining the cost and range of the battery driven hybrid and electric vehicle. Due to the high cost of the batteries, the overall cost of the vehicle is also high, and it acts as a hindrance for hybrid and electric vehicle battery market, but only the initial purchase cost is high, as the vehicle runs on electricity and the price of electricity to run an electric vehicle is a small fraction of the cost of liquid fuel needed to produce an equivalent amount of energy; therefore, the operating cost is cheaper. The range up to which an electric vehicle can run on a single charge is also determined by the battery’s capability.


The major players operating in the global hybrid and electric vehicle battery market include, Panasonic Corporation, Automotive Energy Supply Corporation, BYD Company Limited, Lithium Energy and Power GmbH & Co. KG, LG Chem., Tianneng Power International Co. Ltd, Hitachi Vehicle Energy Ltd., Shenzhen Bak Battery Co. Ltd., and Zhejiang Tianneng Energy Technology Co. Ltd.

Global Electric Vehicle (EV) Charging Station Market Research Report - Popular Trends & Technological advancements to Watch Out for Near Future

The global market is categorized into AC and DC charging stations based on the source of charging. DC charging stations are comparatively costlier than its AC counterpart, which is why the market share of AC charging station in terms of volume is much higher, as compared to that in terms of value. The demand for EV charging stations in public sector has been increasing.


Electric Vehicle Charging Station Market

The increasing competition in the hospitality industry has been emerging as boon for the EV chargers market. In order to provide value-added services to their customers, the hospitality companies offer EV charging facilities, which is increasing the demand of EV charging stations from the hospitality industry. The large multinational corporations as a part of employee welfare also offer EV charging facilities.

Car park refers to the total number of cars in a particular region or country. With the growing concern of public and the government towards environmental pollution, the electric vehicle sales have surged in the recent past. The features such as low maintenance and operation costs are further engaging more number of consumers for electric vehicles. This is also boosting the growth in demand of electric vehicle charging stations. The existing fleet of cars is also driving the growth of the EV charging station market.

The EV charging station market is being dominated by small niche players, such as ChargePoint, AeroVironment, and ClipperCreek. The global market has been consolidating where the large companies are acquiring the smaller ones. 
In 2013, CarCharging Group acquired four companies including 350Green LLC, Beam Charging LLC, EV Pass LLC, and Blink Network LLC. The major companies in the global EV charging station market include Magna International Inc., AeroVironment Inc., General Electric, Chargepoint Inc., Eaton Corporation, Schneider Electric, ABB Group, Efacec Electric Mobility S.A., Chargemaster Plc, and CarCharging Group Inc.

Explore Industry Insights in Electric Bus Market Research Report - Production to cross 8.2 million units by 2025

The electric bus market production is expected to cross 8.2 million units by 2025, growing at a CAGR of 33.5% between 2017-2025. The rising concern about greenhouse has (GHG) emission and long-term cost benefits provided by electric bus that is alluring transit agencies to adopt electric bus have been the key growth driver for the market.

Insights on market segments

In terms of technology, the electric bus industry has been categorized into parallel hybrid bus, pure electric bus, series parallel hybrid bus and series hybrid bus. The hybrid buses segment accounts for the majority of share in the electric bus market; however, the demand of pure electric buses is increasing rapidly, especially in the western countries owing to growing government concerns for emission-free transportation.
Electric Bus Market



Increasing venture capital funding and PPP is driving the growth of the market

The electric bus market is still in its nascent phase, and requires further technical development for their increased adoption. Many venture capital firms have shown interest in the market by providing large funds to the electric bus players. Venture capitalists, such as General Motors Ventures LLC, and Kleiner Perkins Caufield & Byers, recently invested $30.0 million in Proterra Inc. (a U.S. based electric bus manufacturing company).

European e-bus market production to cross 1.1 million units by 2025

The European electric bus market production is expected to cross 1.1 million units by 2025, growing at a CAGR of 33.1% between 2017-2025. European Union’s regulation towards the environment and sustainability is among the most stringent ones in the world and is the primary reason for the growth of the e-bus market in the region. The European Union (EU) has set a plan to minimize the greenhouse gas emissions in the region by around 80% till the end of 2050. To meet the target, emissions from transport need to be reduced by 95%, by 2050. Among the European countries, the U.K. is the largest bus market, owing to its oldest and largest public transit system.

Companies are launching new and advanced e-buses to improve their position in the market

The companies in the electric bus market are launching new and advanced e-buses to improve their position in the global e-bus market. For instance, in January 2017, Tata Motors, an automobile provider, unleased a range of pure electric and hybrid buses under the range of smart buses for clean and green cities. The range of these buses includes STARBUS ELECTRIC 9m, the STARBUS ELECTRIC 12m and the STARBUS HYBRID 12m.

Some of the major companies operating in the worldwide electric bus market include Yutong Group, AB Volvo, Shenzhen Wuzhoulong, BYD, King Long, Proterra, Daimler, Solaris, Zhongtong, Ebusco, Alexander Dennis, and Ashok Leyland.

India Gasoline Scooter and Motorcycle Market - Development, Growth and Demand Forecast to 2025

The growth of the market is majorly driven by the development of autonomous vehicles and increasing focus towards reducing the operating cost of transportation.

Of all categories, 100-125cc was the largest category in the Indian gasoline scooter and motorcycle market, with more than 70.0% sales volume share in 2017 because of its high demand. This category is more preferred by the buyers as it provides an optimum balance between price and power output of the two-wheeler. Shift in the preferences of urban commuters from lower powered <100cc two-wheelers to 100-125cc category is also benefiting the growth of 100-125cc category.

India Gasoline Scooter and Motorcycle Market

Additionally, the growing demand for motorcycles such as TVS Motor’s Apache range, Honda’s 160cc CB Unicorn, Bajaj Auto’s Pulsar range, CB Hornet 160R, Suzuki’s Gixxer series is further contributing to the growth of motorcycle market.

Earlier, the Indian gasoline scooter and motorcycle market was concentrated in major cities of Mumbai, Delhi, Bangalore, Kolkata, and Hyderabad. This was mainly due to the huge population and presence of large number of industrial and commercial units in these cities. However, with the rapidly growing population in tier 2 and tier 3 cities, including Ahmedabad, Pune, and Surat, the demand for private vehicles, particularly gasoline scooters and motorcycles, is rising at a rapid pace.

Growing population has led to increase in demand for more vehicles on road, thus increasing traffic congestion and pollution. This has led to the emergence of two-wheeler sharing or mobility sharing, benefiting the Indian gasoline scooter and motorcycle market. Traditionally, in India, vehicle sharing was not successful due to challenges such as safety, unpredictable timings, and coordination issues. However, with the increasing traffic and travelling charges, the demand for vehicle sharing is increasing. This is because it helps to connect with people instantly, save costs, and share costs in cashless way due to growing digitization.

In Bangalore, Accel India, and Sequoia Capital India launched motor vehicle rental Metro bikes in February 2018. Furthermore, in 2017, in Kolkata, a bike-taxi service was started in the New Town Kolkata Development Authority area. These two-wheelers sharing services provide low-price range rentals and easy travelling. Since, these two-wheelers run majorly on gasoline, the increasing demand for vehicle sharing is expected to provide an impetus to the Indian gasoline scooter and motorcycle market growth.

Some of the major players operating in the Indian gasoline scooter and motorcycle market are Hero MotoCorp Ltd., Honda Motorcycle and Scooter India Pvt. Ltd, Bajaj Auto Ltd, TVS Motor Company Limited., Yamaha Motor India Pvt. Ltd., Royal Enfield Ltd India, Suzuki Motorcycle India Pvt. Ltd., Mahindra Two Wheelers Limited, KTM AG, and Piaggio & C. SpA.

Explore Complete Industry Insights in Low Speed Electric Vehicle (LSEV) Market by Product, by Voltage and by Geography

On the basis of voltage, the global LSEV market has been categorised into 24V, 36V, 48V, 60V, and 72V. Of these, 48V is the most preferred voltage category due to its preference in electric scooters as it provides an optimal power to price ratio. However, the fastest growth during the forecast period is expected from the 72V category, due to the rising demand for high-speed LSEVs which use this voltage level.
Based on product, the LSEV market is categorized into two-wheelers, three-wheelers, and four-wheelers. Two-wheeler is the most preferred category due to the popularity of electric bicycles and electric scooters, and their comparatively high use in personal transport than other electric vehicles. In addition, the fastest growth during the forecast period is expected from the two-wheeler category.

Low Speed Electric Vehicle Market

By type of two-wheeler, the LSEV market is categorised into electric scooter, motorcycle, bikes, kick scooter, and mono wheel. Among these, electric bikes held the highest revenue share in the market, valuing over 50% in 2017. Electric scooters can reach top-speeds of 25-50km/hr, and are comfortable for long distance commuting. These characteristics of electric scooters, coupled with their lower price when compared to electric motorcycles, would continue to drive their market growth during the forecast period.
Asia-Pacific is the largest LSEV market
Globally, Asia-Pacific is the largest market for low speed electric vehicles, followed by North America and Europe. The Asia-Pacific market is led by China, which accounted for the largest share in terms of revenue in 2017, valued at more than 90%. The size of the country, population, technological advancements, and government support in the form of subsidies and regulations have made the country a big LSEV market in the region. China is also the largest exporter of these electric vehicles in the world. However, the fastest growth during the forecast period is expected from India, due to low penetration of LSEVs in the country.
E-bikes is the largest product category in Europe
Europe is the second largest LSEV market in the world. E-bikes account for a majority of electric vehicles sold in the region. The e-bike market in Europe has seen a significant growth during the last few years; Germany, France, and Italy are the largest e-bike markets in the region.
Electric Motorcycles is expected to witness the fastest growth in North America
E-bikes account for the majority of electric vehicle sales in the North American LSEV market. The markets for kick scooters and mono wheels are at a nascent stage in the region. However, these categories are increasingly being seen as convenient modes of transportation for short trips. In 2018, Bird Rides Inc, a U.S. based start-up firm, raised $100 million funding for shared electric scooter services. The company plans to expand to 50 new cities in the U.S. by the end of 2018.
LSEV Market Competitive Landscape
Some of the major players operating in the LSEV industry are Terra Motors Corporation, Zero Motorcycles Inc., Changzhou Yufeng Vehicle Co. Ltd., Jiangsu Kingbon Vehicle Co. Ltd., Hero Electric Vehicles Pvt. Ltd., Jiangsu East Yonsland Vehicle Manufacturing Co. Ltd., ZHIDOU Electric.

Thursday, July 5, 2018

The automotive anti-pinch power window system market to grow at a CAGR of 12.0% during 2017-2023

The automotive anti-pinch power window system market is expected to reach $3.6 billion by 2023, growing at a CAGR of 12.0% between 2017-2023. The increase in vehicle production and growing demand for luxury vehicles are driving the market for automotive anti-pinch power window system. Increasing awareness regarding automotive safety is also a factor contributing to the expansion of the market.

Insights on market segments

In terms of type, automatic windows accounted for the larger revenue in automotive power window system market, with over 80% share in 2016. The major factor driving of its demand in automatic windows are rise in vehicle electrification and growing awareness toward advanced safety features. Passenger cars were the largest user of automotive anti-pinch power window system market due to rapidly growing automotive industry, especially in emerging countries including India, China, Brazil and South Africa. Rise in vehicle export is also expected to drive the automotive anti-pinch system market during the forecast period.


Automotive Anti-Pinch Power Window System Market


Europe and North America contributed ~70% to the automotive anti-pinch power window system market in 2016

Europe and North America collectively accounted for nearly 70% of the global automotive anti-pinch power window system market in 2016. The major factors contributing to the growth of the market in these two regions are increase in vehicle production and export, stringent safety norms toward vehicle safety, huge investments and technological advancements. The European car sales increased by over 6% in 2016. The vehicle registration in Europe was over 15 million units in the same year and Germany’s full-year sales were up by 4.5%, while French sales increased by 5.1%. In the Southern European markets of Italy and Spain, registrations rose by 16% and 11%, respectively.


Competitive Landscape

The market is majorly dominated by Tier 1 players having presence across the globe. Some of the major players in the automotive anti-pinch power window system market are Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Magna International Inc., Brose Fahrzeugteile GmbH & Co. and NXP Semiconductors. Product launches and strategic partnerships have been the major recent developments in the automotive anti-pinch power window system market.

Automotive Air Suspension System Market to cross $8.1 Billion by 2022

The automotive air suspension system market size is set to cross $8.1 billion by 2022, growing at a CAGR of 7.6% between 2016-2022. The increasing demand for luxury buses, increasing disposable income driving people toward premium cars, rapid urbanization and increasing population are the factors driving the demand for automotive air suspension over the forecast period.

Insights on market segments

In terms of technology, the automotive air suspension system market has been segmented into manual and electronic. Manual air suspension was the larger segment in 2015, in terms of both volume and value. Also, in terms of component, the market for automotive air suspension system has been segmented into shock absorber, air spring, height sensor, air compressor, air reservoir, electric control unit, and others. Shock absorber was the largest segment in 2015, in terms of volume and value.


Automotive Air Suspension System Market


North American region is set to be the second largest market

North America is expected to be the second largest automotive air suspension system industry during 2016-2022, owing to its increasing customer base and high disposable income of people in the region. This has resulted in increased manufacturing activities by local automotive OEMs in the region, and spurt in growth of the automotive air suspension system market. The demand for air suspension systems is largely dependent on vehicle production.

Increasing demand for luxury buses is driving the growth of the market

The demand for safe and comfortable rapid transit solutions is increasing due to increasing urban population and economic growth of developing nations. Different government and non-government organizations are taking initiatives to improve customer experience while using transit systems. Luxury buses provide safe and comfortable journey.


Competitive Analysis

The companies in the automotive air suspension system market are investing in the automotive components business all over the world, especially in the untapped market areas. For instance, in January 2017, ThyssenKrupp AG announced plans to invest further in automotive components business in China. The industrial group plans to build a new plant for springs and stabilizers in the Chinese city of Pinghu.

Some of the major players operating in the automotive air suspension system market include Thyssenkrupp AG, Hendrickson International Corporation, Continental AG, WABCO Holdings Inc., Hitachi Ltd., BWI Group, Firestone Industrial Products, Mando Corporation, Accuair Suspension, and Dunlop Systems and Components.

Explore Global Automatic Self-Piercing Rivets Market Size, Share, Development, Growth and Demand Forecast to 2022

The automatic self-piercing rivets market is set to reach 45 billion units by 2022, growing at a CAGR of 26.2% between 2016-2022. Increasing focus towards the development of lightweight vehicles is escalating the use of automatic self-piercing rivets across various vehicle segments. This is expected to propel the demand of automatic self-piercing rivets during the forecast period.

Insights on market segments

In terms of application, the automatic self-piercing rivets market is categorized into conventional vehicles and new energy vehicles. The conventional vehicles were estimated to have contributed 66.2% in the automatic self-piercing rivets industry in 2015. The market is forecasted to grow at a CAGR of 24.3% during the forecast period. The growth can be attributed by the growing applications of self-piercing rivets in premium cars; however, the self-piercing rivets market is gaining further traction due to the adoption of new energy vehicles segment.

Europe stands as the largest automatic self-piercing rivets market

Europe accounted for the largest region in the automatic self-piercing rivets market, where Germany contributed to the largest revenue. The U.S. was the major market in North America, whereas China contributed to the largest revenue in Asia-Pacific region. Rest of the World included Brazil as the largest market and Iran, South Africa and rest of Latin American, and Middle-East and African countries.

Increasing government initiatives towards reduction of co₂ emissions is driving the growth of the market

Government initiatives to reduce CO₂ emissions and improve fuel efficiency has been promoting the use of various lightweight materials such as aluminum, which is further increasing the use of self-piercing rivets for the fastening purposes and thereby driving the growth of the automatic self-piercing rivets market. The government across various countries in the North American and European region have been increasingly developing stringent emission standards and accordingly automotive manufacturers across the globe have been reducing the weight of the cars by using aluminum. 

According to the Aluminum Transportation Group (ATG), 5-7% fuel could be saved by every 10% reduction in the weight of a vehicle, and substituting aluminum for the heavier material with the usage of self-piercing rivets is an effective way for facilitating the fuel saving initiative. 

Competitive Landscape

The automatic self-piercing rivets market is dominated by three major players that account for the majority of the share in the market. Some of the key players in the global market for automatic self-piercing rivets include Henrob Ltd, STANLEY Engineered Fastening, Wilhelm Bollhoff GmbH und Co. KG, TOX PRESSOTECHNIK GmbH & Co.KG, Richard Bergner Holding GmbH & Co. KG and ECKOLD AG.

Automotive Window and Sealing Systems Market Research Report - Growth and Demand Forecast to 2023


Automotive window and sealing systems market size is set to reach $29.5 billion by 2023, growing at a CAGR of 8.2% between 2017-2023. The major factors driving the growth of the market include growing demand of passenger and electric vehicles globally.

Insights on market segments

As per the findings of research, the global automotive window and sealing systems market has been segmented into glass run channel, waist belt seal, roof ditch molding, hood seals, trunk seals, front windshield seals, door seals, rear windshield seals and sunroof seals. The glass run channel segment held the largest share in the market in 2016. The major factors driving the growth of the glass run channel is increasing vehicle production and growing awareness and adoption of electric vehicle across the globe and growth in the automotive industry.

Automotive Window and Sealing Systems Market
Asia-Pacific stands as the largest region in the global automotive window and sealing systems market

In 2016, Asia-Pacific held the largest share in the global automotive window and sealing system market with over 40% share, in terms of value. The global automotive window and sealing systems market is expected to grow at a CAGR of 8.2%, during the forecast period, owing to increase in global GDP and rapid growth in developing countries such as India and China. Additionally, the European market for automotive window and sealing systems is expected to witness significant growth during the forecast period, owing to increase in manufacturing of commercial vehicles in developed countries such as Germany and the U.K.

Growing demand of passenger and electric vehicle segment across the globe

The major factors driving the growth of the automotive window and sealing systems market include growing demand of passenger and electric vehicles globally. India and China have emerged as the growing countries where the vehicle production has increased rapidly in past five years and the trend is likely to continue during the forecast period. 

In North America, the outlook in U.S. and Canada remained promising and achieved high sales figures in in 2016 and without any overriding concern of a slow down on the horizon in either market. The rest of the world include key countries such as Iran and Australia and Middle East region that have gained global traction in the recent time and is expected to remain at a forefront of market due to which several OEMs continue to explore local manufacturing options in these countries.

Competitive Landscape  

The automotive window and sealing systems market includes organized players having presence across the globe. Some of the major players involved in the manufacturing of window and sealing systems include Cooper Standard Inc., Hutchinson Automotive, Magna International, Sumitomo Chemical Co. Ltd, Toyoda Gosei Co., Ltd., Minth Group, and Henniges Automotive Holdings Inc.