January 19, 2021

industry

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Dec 04, 2020 (The Expresswire) —
The global Automotive Aftermarket Industry report contains market revenue, market share, and production of the service providers is also mentioned with accurate data. Moreover, the global market report majorly focuses on the current developments, new possibilities, advancements, as well as dormant traps. Furthermore, the market report offers a complete analysis of the current situation and the advancement possibilities of the market across the globe.

This report analyses substantial key components such as production, capacity, revenue, price, gross margin, sales revenue, sales volume, growth rate, consumption, import, export, technological developments, supply, and future growth strategies.

The global automotive aftermarket size is set to touch USD 288.20 billion by 2026, exhibiting a CAGR of 3.7% during the forecast period. Growing focus on digitization of aftersales services in the automotive industry will aid the growth of this market, states Fortune Business Insights™ in its report, titled Automotive Aftermarket Size, Share and Industry Analysis, By Replacement Part Type (Battery, Brake Pads, Filters, Gaskets and Seals, Lighting Components, Body Parts, Wheels, Others), By Vehicle Type (Passenger Cars, Commercial Vehicles), and Regional Forecast, 2019-2026. Automakers, components suppliers and distributors, and Original Equipment Manufacturers (OEMs) are intensely focused on utilizing digital means to optimize value chain processes. Digitization of channels and services will also enable consumers to deepen their research before purchasing or repairing their vehicle as well as provide them with necessary information about workshop quality, location, and availability of services.

Many suppliers are already taking steps toward digitization, which are driving the automotive aftermarket trends. For instance, in 2018, Hella KGaA Hueck and Co., the German automotive parts supplier, established a ‘Mobility Solutions’ unit to promote digital business models in the aftermarket domain.

The report further states that the value of this market stood at USD 215.32 billion in 2018.

The other highlights of the report include:

  • In-depth analysis of the automotive aftermarket industry trends;
  • Comprehensive study of the market drivers and constraints;
  • Thorough research into the different market segments; and
  • Exhaustive evaluation of the regional and competitive dynamics shaping the market.

Get a Sample PDF Brochure with COVID-19 Impact Analysis:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/automotive-aftermarket-102613

Report Focus on:

  • Extensive product offerings
  • Customer research services
  • Robust research methodology
  • Comprehensive reports
  • Latest technological developments
  • Value chain analysis
  • Potential Market opportunities
  • Growth dynamics
  • Quality assurance
  • Post-sales support
  • Regular report updates

Reasons to Purchase this Report:

  • Comprehensive analysis of the market growth drivers, obstacles, opportunities, and other related challenges.
  • Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
  • Identifies market restraints and boosters.
  • Identifies all the possible segments present in the market to aid organizations in strategic business planning.

Market Driver

Strategic Expansion of Aftermarket Operations by OEMs to Fuel Growth

OEMs are aggressively widening their operations in the aftermarket domain intending to enhance the automotive aftermarket value chain and provide high-quality services to customers. Many companies are putting in place various

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Dec 04, 2020 (WiredRelease via Comtex) —
A consciously conceived and designed business intelligence report titled Global Automotive Interior Ambient Lighting market 2020 by Manufacturers, Type, and Application, Forecast to 2029 by MarketResearch.biz discloses a succinct analysis of the regional spectrum, market size, and revenue forecast about the market. This report sheds light on the vital developments along with other events happening in the global Automotive Interior Ambient Lighting market which is marking on the enlargement and opening doors for outlook growth in the coming years.

This is the latest report, covering the current COVID-19/Corona Virus pandemic impact on the market which has affected every aspect of life globally. This has brought along several changes in market conditions and the Business areas. The rapidly changing market scenario and initial and future assessment of the impact are covered in the Automotive Interior Ambient Lighting market report.

For All-Inclusive Information: Download a FREE sample copy of Automotive Interior Ambient Lighting Market Report Study 2020-2029 at https://marketresearch.biz/report/automotive-interior-ambient-lighting-market/request-sample

(Our FREE SAMPLE COPY of the report gives a brief introduction to the research report outlook, list of tables and figures, Impact Analysis of COVID-19, TOC, an outlook to key players of the market and comprising key regions.)

Competitive Analysis:

The major companies are exceedingly focused on innovation in Automotive Interior Ambient Lighting production technology to enhance ledge life and efficiency. The best long-term development path for Automotive Interior Ambient Lighting market can be caught by guaranteeing financial pliancy to invest in the optimal strategies and current process improvement.

Key manufacturers are included based on the company profile, sales data and product specifications, etc: OSRAM Licht AG, HELLA GmbH & Co KGaA, Valeo S.A., DRaXLMAIER Group, Grupo Antolin, Koito Manufacturing Co Ltd, Koninklijke Philips N.V., Magneti Marelli S.p.A, Zizala Lichtsysteme GmbH, SCHOTT AG

Each manufacturer or Automotive Interior Ambient Lighting market player’s growth rate, gross profit margin, and revenue figures is provided in a tabular, simple format for few years and an individual section on Automotive Interior Ambient Lighting market recent development such as collaboration, mergers, acquisition, and any new service or new product launching in the market is offered.

Automotive Interior Ambient Lighting Market Segmentation Outlook By application, vehicle type, and region:

Segmentation on the basis of application:

Dashboard
Doors
Footwell
Center Console
Others
Segmentation on the basis of vehicle type:

Passenger Cars
Commercial Vehicles
Electric Vehicle

Download Now And Browse Complete Information On The COVID 19 Impact Analysis On Automotive Interior Ambient Lighting Market: https://marketresearch.biz/report/automotive-interior-ambient-lighting-market/covid-19-impact

Regional Analysis:On the idea of geography, the Automotive Interior Ambient Lighting Market report covers statistics for a couple of geographies inclusive of, North America (U.S., Mexico, Canada) South America (Argentina, Brazil) The Middle East & Africa (South Africa, Saudi Arabia) Asia-Pacific (China, Japan, India, Southeast Asia) Europe (U.K., Spain, Italy, Germany, France, Russia)

In addition, The following years considered for this study to forecast the global Automotive Interior Ambient Lighting market size are as follows:

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Dec 03, 2020 (Market Insight Reports) —
According to this report, the Asia Pacific e-commerce automotive aftermarket was valued at USD 10.02 billion in 2019 and to depict a growth rate of 15.3% over 2020-2026. In line with this, the study also constitutes of crucial information on the current market scenario, developing technologies, widespread competitive landscape, strategies undertaken by market rivals, prospects, and vivid market segmentations.

The Asia Pacific e-commerce automotive aftermarket is primarily driven by demand from emerging economies as these contribute a significant demand and have the highest growth rates in the region. Increasing internet connectivity, escalating automobile sales, and demand for international brands will stimulate Asia Pacific e-commerce automotive aftermarket size. Furthermore, consumers’ inclination toward cost sensitivity and preference for competitively priced auto parts for service, repair, and replacement of the product will surge the e-commerce automotive aftermarket growth. Furthermore, positive outlook for vehicle demand, surging e-commerce, and growing preference for performance products will support industry expansion during the forecast period.

Get sample copy of this research report @ https://www.graphicalresearch.com/request/1450/sample

Shifting trend towards DIY with increasing digitalization will expand Asia Pacific e-commerce automotive aftermarket size. Industry players in the region are investing in online order management system and developing effective CRM & vendor management solutions to increase their market share. The increasing number of e-stores in countries including China and Japan offering various brands due to partner-distributor e-commerce portal will further fuel the industry demand. The increasing customer expectations and balance between customer digital & physical capabilities along with product tracking systems offered by service providers are the key trends in the industry landscape.

The lighting products segment is expected to witness a significant growth of over 16.5% in the market from 2020 to 2026. The growth is attributed to an increasing demand for lighting components in lighting systems such as signaling, lighting mount or rear side, and integrated front side. The main components of the lighting system are LED lights, off road lights, signal lights, fog lights, head lights, and bulbs. An increasing concern regarding the visibility of the vehicle and demand for customized lighting systems will provide a strong business outlook for manufacturers in the e-commerce automotive aftermarket over the coming years. Several manufacturers in the industry are investing in online portals to enhance their product sales. Furthermore, increasing consumer spending on e- commerce websites due to the availability of products at competitive prices along with features such as same day delivery and pick up from the nearest store will boost segment growth.

By consumer, the business to consumer segment held over 55% share in 2019. Customers are shifting their preferences toward online shopping of automobile parts due to their cost-effectiveness when compared to conventional brick-and-mortar stores. Technologically advanced products, provision of discounted prices, and fast query solving are a few techniques by which the segment will observe a robust growth rate over the forecast spell.

E-commerce shopping is on the rise

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The U.S. airline industry cut 29,000 of its workers in October as the coronavirus continued to devastate the travel sector, according to the Department of Transportation.

The industry employed 673,278 people by mid-October after many were laid off when government restrictions on doing so expired, Reuters reported Thursday.

The industry employed more than 750,000 people in March. The department added that since then, United Airlines and American Airlines both cut their workforces by 32%, affecting just fewer than 60,000 people. The companies announced in October that they would be furloughing over 30,000 people.

Delta CEO Ed Bastian said in an employee memo that in the fourth quarter, the company expects to lose $12 million to $14 million daily, according to CNBC.

Demand for travel is still down by more than 60%, Reuters reported. In recent days and weeks, many localities have warned their residents to avoid visiting family for the holidays to reduce the spread of COVID-19.

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Dec 03, 2020 (SUPER MARKET RESEARCH via COMTEX) —
According to the latest report by IMARC Group titled, ” Automotive Camshaft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025″, The global automotive camshaft market grew at a CAGR of 4% during 2014-2019. An automotive camshaft is a rod-like structure which forms a key component of internal combustion engines (ICE). It controls the input of fuel and the ejection of exhaust fumes in the engine by controlling the inlet and outlet valves. This process is critical for the functioning of the engine and can have a significant impact on its performance and speed. The camshaft is driven by the crankshaft and can be connected to it through a gear, a timing belt or directly. It is generally made up of cast iron and nitride or heat-treated steel and can be hollow to reduce the weight of the engine.

Some of the major players operating in the industry include: Precision Camshafts Ltd. (PRECAM.NS), Mahle LINAMAR CORP (LNR.TO), THYSSENKRUPP AG (TYEKF), Aichi Forge USA Inc., VARROC ENGINEERING (VARROC.NS), JD Norman Industries, Inc., Estas Camshaft & Chilled Cast, Crance Cams Inc., Engine Power Components Inc., Hirschvogel Holding GmbH, Kautex Textron Gmbh & Co. KG, Shadbolt Cams, Comp Performance Group, Camshaft Machine Company, etc.

Request for a free sample copy of this report:https://www.imarcgroup.com/automotive-camshaft-market/requestsample

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

Market Trends:

One of the major factors driving the global automotive camshaft market is the increasing sales of passenger vehicles across the globe. The demand for the product has also accelerated with the introduction of the variable valve technology (VVT). Apart from this, the consistent growth in the construction industry has witnessed a surge in the requirement of heavy motor vehicles, thus providing further impetus to the market growth. Some of the other growth-inducing factors include stringent automobile standards by various governments and the trend of engine downsizing.

Buy full report with table of contents:https://www.imarcgroup.com/automotive-camshaft-market

Key Market Segmentation:

1. Market Breakup by Manufacturing Technology:
2. Cast Camshaft
3. Forged Steel Camshaft
4. Assembled Camshaft

Market Breakup by Vehicle Type:

1. Passenger Car
2. Light Commercial Vehicle
3. Heavy Commercial Vehicle

Market Breakup by Distribution Channel:

1. OEM
2. Aftermarket

Market Breakup by Region:

1. Asia Pacific
2. Europe
3. North America
4. Middle East and Africa
5. Latin America

Region-wise, the market has been classified into Middle East and Africa; North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia and others); and Latin America (Brazil, Mexico and others).

Note- If you want

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Dublin, Dec. 03, 2020 (GLOBE NEWSWIRE) — The “Global and China Automotive Voice Industry Report, 2020” report has been added to ResearchAndMarkets.com’s offering.

Installation Rate Jumps to 64.8%; Baidu and VW-Mobvoi are gathering pace

As artificial intelligence technology advances, voice has been a crucial way for people to communicate with machines, particularly in automotive field where voice interaction has improved driving safety and convenience significantly.

In 2019, 48.8% of passenger cars in China carried voice capability. From January to September 2020, the installation rate rose to 64.8%.

By brand, Volkswagen currently stays ahead in installations and keeps growing. From January to September 2020, Volkswagen installed voice capability in 1.08 million cars, an annualized upsurge of 42.2%. As for price range, the penetration rate of voice capability in cars priced between RMB300,000-500,000 is relatively higher, staying above 90% in the first nine months of 2020.

At present, iFLYTEK as a bellwether in Chinese automotive voice market boasts a market share of more than 40%. Its voice solutions are basically seen on Chinese brand vehicle models. As of October 2020, iFLYTEK’s open platform has attracted at least 1.6 million developers who developed a total of over 930,000 applications for 3.02 billion end users or more.

Cerence is a voice technology provider for joint-venture brands, ranking second with a market share of 30%. In Greater China, it is mainly engaged in smart mobility and IoT technology. Cerence has so far developed more than 100 voice projects in China and served over 50 automotive and IoT customers.

Baidu, Alibaba and Tencent (BAT) have embarked on automotive voice. Among them, Baidu is at a faster gallop and with a market share of over 5%. Baidu Telematics has forged partnerships with more than 60 well-known auto brands worldwide, covering over 400 cooperative models. The production models equipped with Baidu’s intelligent connectivity capability ran a total of 1 billion kilometers in 2019.

Moreover, VW-Mobvoi which has a background in OEM has dabbled in automotive voice as well. VW-Mobvoi has supported SOL, Passat, Magotan, Audi A4L and other models, and announced that it will cover all models of FAW-Volkswagen by the end of 2020.

Incentivized by the policies concerned, market demand, technical features and enterprises’ promotion, the automotive voice market will be ever expanding.

The automotive voice technology will head in directions as follows:

1. Voice interaction will evolve from passive mode to active one
2. Personalized voice services will enjoy new opportunities
3. Voiceprint recognition will be a boon for the personalized services of automotive voice
4. Voice-driven entertainment will become common, setting the stage for voice control over car bodies and life services being the next hotspot
5. Car-home interconnection will still be a trend
6. Multimodal interaction will hold a trend
7. Convergence solutions will become trending
8. Automotive voice will be essential to digitalize cars
9. Heuristic active telematics voice services will be a trend.

Global and China Automotive Voice Industry Report, 2020 highlights:

  • Intelligent voice industry and market (industry chain, applied scenarios, development
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– Regulatory mandates for improving the performance and efficiency of automotive vehicles drive demand for cost-effective materials in automotive drive, aluminum gaining popularity over steel in automotive drive shaft market

Europe and North America key markets, emission regulations and large number of all-wheel drive vehicles bolster application of automotive drive shaft especially in four-wheel drive vehicles

ALBANY, N.Y., Dec. 2, 2020 /PRNewswire/ — Advances in material sciences for fabricating lightweight and inexpensive materials used in making automotive drive shafts have witnessed impetus from the steady demand for energy-efficient vehicles. New materials such as aluminum and carbon fiber have been increasingly tested in recent years and continue to increase the appetite for stakeholders in the automotive drive shafts.

Regulatory mandates in various developed and also developing regions for making energy-efficient utility vehicles available to consumers expand the possibilities in market. Post Covid-19 pandemic, production of automotive vehicles has gained pace, creating new market avenues.

The global automotive drive shaft market is expected to rise at tepid CAGR of ~2% during 2019 – 2027, with expected recovery of production of automotive vehicles in Q4 of 2020 strengthening market prospects. Despite the tepid growth, the final valuation of the market is expected to reach worth of ~US$ 21 Bn by 2027-end.

Advances in production technology and research in manufacturing technology are expected to boost the durability and noise dampening properties of automotive drive shafts, assert TMR analysts.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=18383

Key Findings on Automotive Drive Shaft Market Report

  • Of all the product types, single piece drive shaft segment accounted for the leading market share in 2018
  • Multi-piece drive shafts segment is expected to gather traction in automotive drive shaft market
  • Of all drive types, front-wheel drive vehicles held sizable share in 2018
  • The popularity of real wheel segment is likely to be not just confined to Europe but gain worldwide traction
  • The demand in the ‘others’ segment rising at notable pace since 2016
  • Of the various drive systems, two-wheel drive segment accounted for a sizable share in 2019
  • Of the various materials used in making automotive drive shafts, steel holds the sway and is expected to retain its lead
  • Of the various vehicle types, passenger vehicles segment held the major market share and is expected to retain its lead through 2027
  • Strength, machinability, and durability are key attributes propelling the popularity of steel in manufacturing automotive drive shafts.

Explore 413 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Automotive Drive Shaft Market (Drive Shaft Type: Single Piece and Multi-piece; Drive Type: Front Wheel Drive, Rear Wheel Drive, and Others; Drive System: Two Wheel Drive and Four Wheel Drive; Material: Aluminum, Steel, and Carbon Fiber; and Vehicle: Passenger Vehicle, Commercial Vehicle, and Electric Vehicle) – Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/automotive-drive-shafts-market.html

Automotive Drive Shaft Market: Key Driving Factors and Promising Avenues

  • Updates in emission norms play crucial role in shaping the contours of the market.
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Dec 02, 2020 (Market Insight Reports) —
Selbyville, Delaware Global Automotive Terminal Market Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2027. Automotive Terminal Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Automotive Terminal market and provides information regarding the revenue for the period 2020 to 2027.

Global Automotive Terminal Market is valued approximately USD 15.53 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 10.50 % over the forecast period 2020-2027. Automotive terminals are electromechanical tools that regulate various electronic systems and are also used to connect charger with cell or batteries in vehicles. The terminals are available in several sizes, specifications and designs depending upon the demand for the end-use industry. Terminals are fitted at the end point of a wire with a connector or faster. Rapid increase in the electrical systems in vehicles acts as a major driver.

Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/2956008/?utm_source=Marketwatch.com&utm_medium=AN

Also, increasing energy efficiency with electric mobility and connected devices drive the market growth. Further, growing electric vehicle penetration across the globe augments the market growth. As per Electric vehicles volumes, the first half of 2019 experienced delivery of 149,500 plug-in vehicles accounting to an increase of 23% as compared to its value from 2018. 72% of these were pure electric (BEV) and 28% were plug-in hybrids. Moreover, increasing sales of mid-size and luxury cars which are equipped with numerous electronic components and increasing demand for vehicles with advanced electronics fosters the market growth. Germany is world’s premium car production hub with 70% of all premium branded vehicles made by German OEMs as per German Trade and Invest, 2018. Moreover, of the total premium car produced in 2017 globally Germany produced 38% and UK produced 7%. However, terminals capable of handling vibration requirements and highly consolidated automotive terminal market impedes the growth of the market over the forecast period of 2020-2027. Although, increasing development of Connected, autonomous and semi-autonomous vehicles presents a lucrative opportunity for the market.

The regional analysis of global Automotive Terminal market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the widescale production and establishment of manufacturing bases. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increasing adoption of electric vehicles would create lucrative growth prospects for the Automotive Terminal market across Asia-Pacific region.

Major market player included in this report are:

TE Connectivity

Delphi

Furukawa Electric

PKC Group

Sumitomo Electric Industries, Ltd.

Lear Corporation

Molex, LLC

Grote Industries, Inc.

Keats Manufacturing

Viney Corporation Limited

The objective of the study is to define market sizes

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