The U.S. bus market size stood at $7,453.4 million in 2021. This number is expected to increase to $11,237.7 million by 2030, advancing at a CAGR of 4.7% during 2021–2030.
The Western European heavy ground transportation vehicles market size was $155.4 billion in 2021, which is expected to progress with a CAGR of 6.4% during 2021–2030.
The Central European heavy ground transportation vehicles market, which includes trucks and buses, was valued at $42.9 billion in 2021. This number is expected to reach $66.6 billion by 2030, with a CAGR of 5.0% during 2021–2030.
The global automotive differential market stood at ~$20 billion in 2020. The increasing adoption of all-wheel-drive (AWD) vehicles, rising demand for commercial and heavy-duty vehicles, and surging need for improved road traction and fuel efficiency are some of the key factors driving the demand for automotive differentials globally.
The global automotive data logger market was valued at ~$3 billion in 2020. This can be mainly ascribed to the growing integration of lightweight, compact, and intelligent electrical and electronic systems in passenger vehicles, coupled with the rising need for monitoring and analyzing real-time vehicle data to maximize vehicle and passenger safety.
The global driving simulator market generated ~$2 billion revenue in 2020. The major factors responsible for the growth of the market include the escalating number of vehicles
The global fuel cell electric vehicle market was valued at ~$3 billion in 2020. The major influencers for the growth of the market are the strict norms for carbon emissions, increasing adoption of electric vehicles in emerging economies
The global unmanned ground vehicles (UGVs) market was valued at ~$3 billion in 2020. The major factors responsible for the growth of the market are the increasing use of robotics in areas affected by chemical, biological
The U.A.E. e-commerce automotive aftermarket was valued at $318.2 million in 2020, and is expected to grow at a CAGR of 14.8% during the forecast period (2020–2025).
The global automotive human–machine interface (HMI) market size was $18,822.3 million in 2019, which is projected to reach $55,318.4 million by 2030, growing at a CAGR of 10.8% during the forecast period (2020–2030).
The global intelligent traffic camera market size was $10,087.8 million in 2019, and it is projected to reach$24,465.6 million by 2030, growing at a CAGR of 8.5% during the forecast period (2020–2030).
The forklift market size is expected to grow from $33,878.7 million in 2019 to $42,519.4 million by 2030, at a CAGR of 2.8% during 2020–2030.
The autonomous commercial vehicle market value is expected to grow at an 8.2% CAGR between 2020 and 2030.
The commercial vehicle engine remanufacturing refers to the manufacturing process that includes product dismantling, replacing and restoring components, and testing of whole product and the individual parts to its original design specifications.
Tire molding is the process of shaping raw rubber structure into a functional tire of specified dimensions and properties. The process includes designated pressure for the green tire in a mold to give it final shape, and heat energy to stimulate the chemical reaction between the rubber and other materials.
The Indian car airbag market is expected to witness considerable growth during the forecast period (2020–2030), on account of rise in the number of road accidents and fatalities. Moreover, demand for efficient, convenient, and safe driving experience is also propelling the growth of the market.
Catalytic Converter is an exhaust emission control device that reduces toxic gases and pollutants in exhaust from an internal combustion engine by catalyzing a redox reaction (an oxidation and a reduction reaction).
The global midibus market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rapid urbanization and growing population, coupled with the increasing government spending on the upgradation of public transport vehicles.
The Latin American (LATAM) mobility as a service (MaaS) market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rapid urbanization and growing population, coupled with a substantial rise in venture capital investments in the MaaS startups companies in the region.
The Indian electric vehicle market is expected to witness tremendous growth in the coming years, owing to the different initiatives undertaken by the key stakeholders, including impactful government support.
The global electric power steering (EPS) market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rising safety and emission concerns and need for improving fuel efficiency, coupled with the stringent government regulations regarding the introduction of advanced driver assistance systems (ADAS) with various vehicle systems.
The global automotive camera module market is expected to register significant growth in the forecast period (2020–2030). The major drivers propelling the industry growth are the increasing demand for luxury vehicles and integration of advanced safety features, including advanced driver assistance system (ADAS) in vehicles.
The global automated guided vehicle (AGV) market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rising workplace safety concerns in manufacturing facilities and warehouses, coupled with labor shortages and need for reduction in the overall operational costs and increased productivity.
The Indian tractor market is expected to witness considerable growth in the coming years, buoyed by the increasing farm mechanization rate, along with the rising construction activities, driven by urbanization.
The automotive aftermarket value was $803.22 billion in 2019, and the market is predicted to register a CAGR of 5.07% between 2020 and 2030.
The global automotive thermal management system market is expected to witness considerable growth during the forecast period (2020–2030). This can be mainly attributed to the growing demand for passenger comfort along with the increased focus on fuel efficiency.
The vehicle tracking system market is emerging and is projected to witness notable growth during the forecast period (2020–2030). The growing demand for fleet telematics solutions is one of the major factors driving the growth of the market across the world.
Thermoplastics are used in wide variety of applications in the automotive industry. The growing use of the thermoplastics in manufacturing different vehicle parts, such as battery frames, bearing parts, and vehicle-body, is the main reason contributing toward the growth of the global automotive thermoplastics market.
The global automotive clutch market is expected to witness considerable growth during the forecast period (2019–2030), owing to the growing production and sales of automobiles across the world.
The global automotive wrap films market is projected to grow at a significant rate during the forecast period (2020–2030). The market growth is primarily driven by the growing need to provide protection to passengers from harmful solar radiation and up surging demand for mobile advertising.
The global automotive adaptive front-lighting system market is expected to witness considerable growth during the forecast period (2020–2030), on account of the rising concerns over increasing fatal accidents, particularly along sharp curves, and stringent government regulations mandating the installation of these lighting systems in new vehicles.
The global automotive tire market registered revenue of 155.3 billion in 2018, which is expected to reach 237.2 billion by 2024, with a CAGR of 7.7% during the forecast period. Moreover, the market registered total sale of 1,866.7 million units in 2018, and is expected to expand with a CAGR of 7.7% during the forecast period to reach 2,894.4 million units by 2024.
The APAC automotive tire market registered the sales of 1,080.5 million units in 2018, which is expected to reach 1,826.8 million units by 2024, witnessing a CAGR of 9.1% during 2019–2024.
The global automotive exhaust aftertreatment systems market is projected to register notable growth during the forecast period (2019–2025). Increasing greenhouse gas emissions by vehicles and growing implementation of associated regulatory standards are the major factors expected to drive the growth of the market.
The global automotive night vision system market is expected to witness considerable growth during the forecast period 2019–2025, on account of the increasing focus of automotive companies on the addition of advanced safety features in vehicles, rising sales of passenger cars, and ongoing research and development with respect to the night vision technology.
The global automotive air-conditioning filter market is expected to observe notable growth during 2019–2025 (forecast period) owing to the increase in production of automobiles around the world coupled with the rise in demand for efficient heating, ventilation, and air-conditioning (HVAC) systems in vehicles.
The global automotive head-up display market is expected to observe significant growth during the forecast period 2019–2025, on account of the increasing demand for the advanced driver-assistance system (ADAS) in vehicles for improved driver safety and enhanced driving experience.
The European automotive tire market stood at $20,037.8 million in 2018 and is expected to grow with a GAGR of 4.5% during the forecast period. The growth of the market is attributed to the flourishment in the European automotive industry as well as the increase in replacement rate of tire due to greater longevity of vehicles in use.
The global automotive light-emitting diode (LED) lighting market is expected to witness significant growth during the forecast period, on account of the growing production of passenger cars and heavy-duty vehicles, low cost of the LED, and long endurance life of LED lamps.
The global smart e-drive market is expected to witness significant growth in the coming years, owing to the implication of stringent governments’ norms and regulations for emissions on the automotive industry across the globe. Additionally, the growing demand for hybrid and electric vehicles, with an objective to reduce carbon emission is another reason, which is anticipated to propel the market growth.
The global automotive navigation systems market is anticipated to witness considerable growth during the forecast period on account of the rising concerns toward the problem of traffic congestion, increasing customer preference for improved in-dash navigation features such as 3D maps, and increasing production of automobiles equipped with navigation systems.
The global automotive cabin insulation market is projected to witness considerable growth during the forecast period, primarily on account of growing use of textile material in interior of a cabin. The industry is anticipated to grow significantly, due to high demand for cabin insulations and ride refinements.
The global automotive transmission market is anticipated to grow significantly during the forecast period, owning to growing demand for better experience in driving in relation to smoother gear shifting and higher acceleration in vehicles.
The global automotive heating, ventilation, and air conditioning (HVAC) controllers market is growing in the automotive industry, owning to rise in the demand for passenger cars equipped with these controllers. A significant increase in sales of sports-utility vehicles (SUVs) across the Asia-Pacific (APAC) and European countries is driving the growth of the market.
The global automotive aluminum market is expected to observe an extensive growth in the coming years, due to the increased demand for lightweight material in automobile industry, coupled with growing vehicle production in many countries around the world.
The global automotive embedded system market is anticipated to observe an extensive growth in the coming years, due to growing trend of vehicle electrification and automation, growing demand for safety and comfort features in automobiles, and government stringent regulations for automobile emission in many countries.
The global automotive fastener market is expected to observe an extensive growth in the coming years, owing to shift in focus toward lightweight vehicles and increase use of electronics such as carputers, ignition systems, in-car entertainment systems, and telematics in automobiles.
The global automotive alloy market observed significant evolution during the historical period. Major factors propelling the development of the market include research and development for improving fuel efficiency, stringent emission norms, and growing governments’ legislations for reduction in complete vehicle weight.
The global automotive airbag market is expected to grow at a steady rate during the forecast period due to growing demand for efficient, convenient, and safe driving experience. The industry is also propelled by increase in number of road accidents and implementation of stringent safety regulations as per governments’ guidelines to avert the rise in road accidents.
The global automotive drivetrain market is anticipated to witness a steady growth during the forecast period, mainly due to the increasing production and demand for vehicles, and need for high acceleration and towing capability in the vehicles. Additionally, the growing demand for electric vehicles across different countries, owing to emission reduction is another factor boosting the market growth.
The global automotive bearing market size is estimated to reach $33.4 billion in 2018, and is projected to witness a CAGR of 6.9% in terms of value
The global automotive front-end module market is expected to witness significant growth during the forecast period, on account of the growing production of passenger cars and heavy-duty vehicles, rising concerns for passenger safety, and increasing focus of original equipment manufacturers (OEMs) toward modularization for efficient production and curb vehicle weight reduction for improved fuel efficiency of the vehicle.
The global automotive battery management system market is forecasted to witness significant growth in the coming years, owing to increasing demand for hybrid electric and battery electric vehicles. The increase in the demand for these vehicles is a result of the implementation of stringent government regulations with respect to environment degradation and government incentives in the form of subsidies, grants, and tax rebates to encourage the use of eco-friendly modes of transportation.
Valued at $21.7 billion in 2017, the global automotive window and sealing systems market is expected to surpass $38.7 billion by 2025, witnessing a CAGR of 7.6% during 2018–2025.
The Indian gasoline scooter and motorcycle market attained a size of $22.0 billion in 2017 and is forecasted to reach $42.4 billion by 2025, registering a CAGR of 8.8% during 2018–2025. The major factors driving the market growth are rising income levels and growing demand from tier 2 and tier 3 cities.
The global automotive emergency braking market is expected to witness significant growth in the coming years, owing to rising customer demand for safety features and technology in automobiles and increasing government mandates and regulations for the incorporation of the emergency braking system in automobiles.
Armored vehicles are broadly used for enhancing defense capabilities and maintaining homeland security. Homeland security prevents terrorist attacks and reduces the vulnerability to terrorism within the country. Additionally, homeland security is driving modernization program in Middle East, Asia and Latin America thereby creating huge growth potential for armored vehicles in these regions. The requirement for lightweight armored vehicles, growing popularity of rental and leasing of armored cars among civilians and increasin
Self-Piercing Rivets (SPR) includes a process of joining two or more pieces of similar or dissimilar material by driving a rivet piercing the top sheet and then fortifying it within the bottom sheet without piercing it thereby forming a mechanical interlock. In other words, self-piercing rivets include a mechanical joining process for fastening similar sheet materials, primarily steels and aluminum.
The global automotive sunroof market was valued at $4.9 billion in 2015 and is forecast to reach $10.1 billion by 2022, witnessing a CAGR of 10.9% during 2016–2022.
Valued at $5.0 billion in 2015, the global automotive air suspension system market is projected to reach $8.2 billion by 2022, witnessing a CAGR of 7.6% between 2016 and 2022.
In the past decade, steel fuel tanks were majorly used by automotive producers, whereas in the current scenario, plastic fuel tanks are being mostly used. The key reasons for the drop in demand for steel fuel tanks are safety, weight, permeability, packaging and cost associated with it. Around 95% of the total fuel tanks in Europe, 85% in U.S. and 40% in Asia are made of plastic. The main reasons behind the increased use of plastic fuel tanks are its light weight, resistance to corrosion, and ease of molding into unusual sha
The implementation of stringent environmental regulations across the globe is propelling the demand for lightweight materials. Several international organizations are framing strict guidelines and standards to reduce the greenhouse gases emission. In 2011, global CO2 emission stood at 31.6 gigatons, with 23% of these emissions coming from all transport sectors across the
The reduction in weight of vehicles for optimized efficiency, and increasing demand for comfort and luxury are some of the major factors, driving the growth of the global automotive seat market. The continuous developments to create an attractive manufacturing platform for cars and motorcycles, trade liberalization, free movement of goods, high investments, skilled and low