High-end finishing is an important component of automobile production as it not only protects the body surface, but also enhances the visual appeal of customers through bright engaging colors and glossy surface. Automotive spray booths refer to a series of large enclosures where finishing and painting of vehicle bodies occur.
Automotive automatic transmission, also called as auto/self-shifting transmission, refers to a transmission system that is capable of changing automatically as the vehicle starts moving. Unlike manual transmission systems, automatic transmission eliminates the need for human intervention for gear shifting thereby providing better comfort to the driver. The history of automatic transmission dates back to early 1920s (invented by Alfred Horner Munro, Canadian steam engineer.
The growing world economy has created a positive environment for the automobile industry to flourish. The automotive industry contributes significantly to the world GDP. The increasing demand for automobiles directly impacts the demand for related components such as automotive windshields.
Automotive wheel rims market value expected to reach US$ 62.7 Bn by 2026, expanding with a CAGR of 5.1% during the forecast period from 2018 to 2026. Essentially directed by Asia Pacific, automotive wheel rims market majorly driven by rising production of automobiles across the globe.
The overall automotive tires market worldwide is set to exhibit steady growth rate throughout the forecast period from 2018 to 2026, starting from US$ 155.29 Bn in the year 2017. Tires are among the most important components of automotive vehicles, making it one of the most crucial aspects of the overall automobile components industry.
The global automotive seat heaters market was valued at US$ 876.6 Mn in 2017 and expected to expand at a CAGR of 5.8% during the forecast period from 2018 to 2026. Steady rise in the production of motor vehicles on the back of improving standard of living and easy availability of financing schemes is identified as the major factor driving demand for automotive accessories including seat heaters worldwide.
Global automotive relay market is touching new heights and registered market value of US$ 13.43 Bn in 2017. The market is on the path of significant growth and projected to reach US$ 22.29 Bn in 2026 with a growth rate of 5.8% throughout the forecast period from 2018 to 2026.
Global Automotive Night Vision Systems (NVS) market was valued US$ 1,344.7 Mn in 2017 and set grow at CAGR of 15.0% throughout the forecast period from 2018 to 2026. Growing public awareness towards road safety reported as one of the prominent factors influencing global market for automotive night vision systems.
Booming automotive sector has given substantial rise to a burgeoning automotive garage equipment market. With consistent rise in automotive sales, the related service & maintenance sector has demonstrated immense growth over the period of time. Apart from authorized service centers, multi-brand service centers have come into existence, thereby driving additional demand for related garage equipment.
Automotive exhaust systems market valued at US$ 26.97 Bn in 2017, expected to grow with promising CAGR during the forecast period from 2018 to 2026. Essentially directed by Asia Pacific, automotive exhaust systems market majorly driven by rising production of automobiles across the globe.
Automotive chassis system market stood at US$ 55.67 Bn in 2017 and expected to grow at 5.5% CAGR during the forecast period from 2018 to 2026. The role of a chassis in a vehicle involves around its functionality of providing a supporting structure.
Armored vehicles can be defined as the combat or non-combat vehicles which are fitted with additional armor plating in order to provide protection from projectiles, bullets, grenades, shell fragments and mines among others. These vehicles are capable of facing fierce situations with very little or no threats to the occupants of the vehicles. Such vehicles are either equipped with guns with heavy caliber or are used for transportation of military personnel. Consequently, armored vehicles hold equal importance in combat as well as transportation applications and hence, the demand for such vehicles is experiencing a consistent surge.
The two-wheeler hub motors market worldwide is expected to grow with a CAGR of 7.23% during the forecast period from 2019 to 2027, starting from US$ 1,337.0 Mn in 2018. Two-wheeler hub motors market is expected to witness steady growth in the near future due to growing government initiatives, policies towards electric vehicle adoption and rising consumer concern towards environment. There are two types of motors available in the market namely hub motors and mid-drive motors.
Globally, the spear phishing protection market anticipated to grow with a CAGR of 11.60% during the forecast period from 2019 to 2027 and had registered a market value of US$ 923.65 million in 2018. Spear phishing is defined as an email or electronic communications scam which has been targeted to an individual, business, enterprises or organization. The rising digitalization has increased criminal activities such as stealing data for malicious purposes.
Globally, the motorcycle suspension systems market is estimated to grow with a CAGR of 4.8% over the forecast period (2019 to 2027), up from US$1.52 Bn in the year 2018. At present, the automotive industry is undergoing several changes to provide improved safety and comfort. The suspensions systems play an important role in the modern bikes to provide comfort by isolating the bumps, vibrations and the noises. They are also used in the vehicle’s efficient handling and braking.
The global motorcycle lead acid battery market was valued at US$ 4,299.0 Mn in the year 2018 and expected to reach US$ 6,829.4 Mn by the year 2027, expanding at a CAGR of 5.3% during the forecast from 2019 to 2027. Batteries are an important part of a vehicle while starting, ignition, and vehicle lighting. Moreover, with a paradigm shift towards battery powered vehicles and electric vehicles battery has gained prominent traction in the global automotive market.
The global kick scooter market is growing at a rapid pace, anticipated to grow at a CAGR of 26.3% during the projected period from 2019 to 2027, starting from US$ 470.5 Mn in 2018. The market is majorly driven by growing traffic congestion, first & last-mile transportation and health consciousness amidst millennia’s. Rising obesity and overweight concern among kids & adult people will also help in market growth.
The global integrated traffic systems market was valued at US$ 21.98 Bn in 2018 and is anticipated to grow to US$ 41.06 Bn expanding at a CAGR of 7.2% during the forecast period from 2019 to 2027. For decades, the proliferating complexities of urban traffic has been forcing city planners and government authorities to find smarter ways to control the traffic. Government authorities are inclined towards traffic management solutions that improve mobility by reducing traffic congestion, ensure road safety and above all limits serious environmental damage due to increased pollution.
The global electric vehicle traction motor market was stood at US$ 1.83 Bn in the year 2018 and predicted to reach US$ 43.90 Bn by the year 2027, expanding at a CAGR of 42.6% during the forecast from 2019 to 2027. The global automotive industry is at the cusp of a major transformation. Rising energy security & environment concerns clubbed with the evolution of future technologies, digitalization, rapid advancement in powertrain electrification, and ever-increasing user expectation have upended the automotive business.
Globally, the crawler tractors market is expected to grow with a CAGR of more than 7% during the forecast period from 2019 to 2027, starting from US$ 2.10 Bn in 2018. Globally, infrastructure development is at rise. This has generated demand for robust and sturdy machinery that would help conduct the activities at ease. Numerous government initiatives with an aim of upgrading the existing infrastructures generating a high demand for advanced machines in the construction sector.