• In 2022, the hybrid vehicles market size is expected to be worth US$ 192.7 billion. From 2022 to 2032, the market is projected to expand at a CAGR of 21.6%. By 2032, the market for hybrid cars is anticipated to be worth US$1,362.3 billion.

    Among the product types, the hybrid electric vehicles segment is expected to expand at a significant CAGR in terms of value over the forecast period. In this report, FMI throws light on the drivers and restraints likely to impact the global hybrid vehicles market during this period.

    Global Hybrid Vehicles Market: Factors Influencing Revenue Growth

    The hybrid vehicles market is driven by various factors such as better fuel efficiency, incentives & subsidies offered by governments, rising prices of petroleum products, and reduction in air pollution, among others. Hybrid vehicles have better fuel efficiency than conventional vehicles, as apart from using IC engines, hybrid vehicles also use energy stored in a battery, which uses 80% of the energy for driving the vehicle, owing to the higher efficiency involved in converting the chemical energy of batteries into electrical energy. Using battery energy also minimizes the harmful carbon emissions involved with IC engines.

    Apart from this, various government authorities provide subsidies and incentives to the owners of hybrid vehicles. For instance, in China, the government offers subsidies ranging from US$ 6,750 to US$ 14,000, depending upon the size of the battery pack, to every purchase of a hybrid or electric vehicle. Cities such as Beijing and Shanghai offer free registration plates for electric hybrid vehicles.

    The insufficient number of public charging stations hampers the growth of the plug-in hybrid vehicles sector, though portable charging systems are provided by manufacturers, which can be used at home or at the workplace. But while travelling between cities or during an emergency situation, this can cause difficulty to the consumers. Therefore, to fully explore the potential of plug-hybrid vehicles, a sufficient number charging stations are required, which will enhance the market for plug-in hybrid vehicles.

    Segmental Analysis of the Hybrid Vehicles Market

    The hybrid vehicles market is segmented on the basis of product type, vehicle type, engine type, and powertrain configuration.

    The hybrid electric vehicles segment is anticipated to continue to dominate the market in terms of value over the forecast period. The hybrid electric vehicles segment is estimated to grow at a significant CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 297 Bn between 2016 and 2026.
    The power split hybrid vehicles segment is projected to be the most prominent powertrain configuration in the hybrid vehicles market. The power split hybrid vehicles segment is estimated to grow at a significant CAGR of 22.7%, in terms of value, over the forecast period. The market for power split hybrid Vehicles is driven by the benefits they offer over parallel and series hybrid vehicles.
    For more information: https://www.futuremarketinsights.com/reports/global-hybrid-vehicles-market
    Hybrid Vehicles: Regional Market Projections

    The hybrid vehicles market in Japan is expected to represent a significantly higher incremental opportunity between 2016 and 2026. The market for hybrid vehicles in Japan is expected to represent a total incremental opportunity of US$ 241 Bn between 2016 and 2026.

    Hybrid Vehicles Market: Key Participants

    The report highlights some of the top companies operating in the hybrid vehicles market such as: Ford Motor Company, General Motors Company, Honda Motor Co., Ltd., Daimler AG, Volkswagen AG, Renault SAS, Toyota Motor Corporation, Nissan Motor Corporation, Mitsubishi Motor Corporation, Hyundai Motor Company, and Bayerische Motoren Werke AG (BMW).

    Key segments covered in the hybrid vehicles market report

    On the basis of product type, the hybrid vehicles market can be segmented into:

    Hybrid Vehicles
    Plug-in Hybrid Vehicles
    On the basis of vehicle type, the hybrid vehicles market can be segmented into:

    Passenger Cars
    Light Commercial Vehicles
    Heavy Commercial Vehicles
    On the basis of engine type, the hybrid vehicles market can be segmented into:

    Parallel Hybrid
    Series Hybrid
    Power Split Hybrid
    On the basis of powertrain configuration, the hybrid vehicles market can be segmented into:

    Gasoline Electric
    Diesel Electric
    In 2022, the hybrid vehicles market size is expected to be worth US$ 192.7 billion. From 2022 to 2032, the market is projected to expand at a CAGR of 21.6%. By 2032, the market for hybrid cars is anticipated to be worth US$1,362.3 billion. Among the product types, the hybrid electric vehicles segment is expected to expand at a significant CAGR in terms of value over the forecast period. In this report, FMI throws light on the drivers and restraints likely to impact the global hybrid vehicles market during this period. Global Hybrid Vehicles Market: Factors Influencing Revenue Growth The hybrid vehicles market is driven by various factors such as better fuel efficiency, incentives & subsidies offered by governments, rising prices of petroleum products, and reduction in air pollution, among others. Hybrid vehicles have better fuel efficiency than conventional vehicles, as apart from using IC engines, hybrid vehicles also use energy stored in a battery, which uses 80% of the energy for driving the vehicle, owing to the higher efficiency involved in converting the chemical energy of batteries into electrical energy. Using battery energy also minimizes the harmful carbon emissions involved with IC engines. Apart from this, various government authorities provide subsidies and incentives to the owners of hybrid vehicles. For instance, in China, the government offers subsidies ranging from US$ 6,750 to US$ 14,000, depending upon the size of the battery pack, to every purchase of a hybrid or electric vehicle. Cities such as Beijing and Shanghai offer free registration plates for electric hybrid vehicles. The insufficient number of public charging stations hampers the growth of the plug-in hybrid vehicles sector, though portable charging systems are provided by manufacturers, which can be used at home or at the workplace. But while travelling between cities or during an emergency situation, this can cause difficulty to the consumers. Therefore, to fully explore the potential of plug-hybrid vehicles, a sufficient number charging stations are required, which will enhance the market for plug-in hybrid vehicles. Segmental Analysis of the Hybrid Vehicles Market The hybrid vehicles market is segmented on the basis of product type, vehicle type, engine type, and powertrain configuration. The hybrid electric vehicles segment is anticipated to continue to dominate the market in terms of value over the forecast period. The hybrid electric vehicles segment is estimated to grow at a significant CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 297 Bn between 2016 and 2026. The power split hybrid vehicles segment is projected to be the most prominent powertrain configuration in the hybrid vehicles market. The power split hybrid vehicles segment is estimated to grow at a significant CAGR of 22.7%, in terms of value, over the forecast period. The market for power split hybrid Vehicles is driven by the benefits they offer over parallel and series hybrid vehicles. For more information: https://www.futuremarketinsights.com/reports/global-hybrid-vehicles-market Hybrid Vehicles: Regional Market Projections The hybrid vehicles market in Japan is expected to represent a significantly higher incremental opportunity between 2016 and 2026. The market for hybrid vehicles in Japan is expected to represent a total incremental opportunity of US$ 241 Bn between 2016 and 2026. Hybrid Vehicles Market: Key Participants The report highlights some of the top companies operating in the hybrid vehicles market such as: Ford Motor Company, General Motors Company, Honda Motor Co., Ltd., Daimler AG, Volkswagen AG, Renault SAS, Toyota Motor Corporation, Nissan Motor Corporation, Mitsubishi Motor Corporation, Hyundai Motor Company, and Bayerische Motoren Werke AG (BMW). Key segments covered in the hybrid vehicles market report On the basis of product type, the hybrid vehicles market can be segmented into: Hybrid Vehicles Plug-in Hybrid Vehicles On the basis of vehicle type, the hybrid vehicles market can be segmented into: Passenger Cars Light Commercial Vehicles Heavy Commercial Vehicles On the basis of engine type, the hybrid vehicles market can be segmented into: Parallel Hybrid Series Hybrid Power Split Hybrid On the basis of powertrain configuration, the hybrid vehicles market can be segmented into: Gasoline Electric Diesel Electric
    WWW.FUTUREMARKETINSIGHTS.COM
    Hybrid Vehicles Market
    [288 Pages Report] Hybrid Vehicles Market is projected to reach a valuation of US$ 192.7 Billion in 2022, likely to surge at a vigorous 21.6% CAGR from 2022 - 2032
    0 Comments 0 Shares 56 Views
  • The global vehicle electrification market trends is growing at a CAGR of 10.3% during the forecast period. The vehicle electrification market is expected to grow significantly in the coming years as a result of the preference for electrified vehicles among automotive and automobile manufacturers, as well as the increasing emphasis on environmentally friendly alternatives in automobiles.

    Vehicle electrification, in line with sustainable transportation facilities, enables both vehicle manufacturers and end-users to benefit from it, transforming how transportation is perceived and contributing to vehicle electrification market growth.

    Crucial Drivers Steering Vehicle Electrification Market Growth

    Increasing conventional fuel prices, as well as increased sales of electric vehicles, may accelerate vehicle electrification market growth. Consumer demand for more fuel-efficient vehicles, stricter emission standards, and increased environmental awareness are all expected to drive vehicle electrification market growth. Various governments, including the United States, are actively encouraging vehicle electrification through tax breaks and subsidies.

    The primary factor driving the vehicle electrification market growth is the increasing use of technological advancements in electric vehicles, such as e-axles. Apart from that, rising demand for lightweight vehicle production to improve fuel efficiency is boosting market growth. Rising demand for hybrid vehicles is expected to drive the vehicle electrification market.

    The Vehicle Electrification Industry's Hardships

    Electric vehicles are vehicles that incorporate advanced technologies and electric power components. There are a number of risks associated with these technologies, such as thermal runaway of the battery bank and fire that must be carefully considered. The current vehicle electrification market challenges impeding the popularity of electric vehicles are high battery costs, overheating, the total energy storage capacity of the battery, and the development of vehicle batteries.

    Asia Pacific

    The Asia Pacific region has the largest vehicle electrification market share. The government's numerous efforts in India, South Korea, and China to promote the use of electric vehicles and provide tax breaks for such purchases may boost vehicle electrification market growth in this region. Aside from that, technological and economic advancements in this region, as well as increased disposable income, are all contributing to regional prosperity.

    The electric power steering market is expected to be the largest in the vehicle electrification market. EPS reduces fuel consumption while increasing vehicle manoeuvrability. The vehicle electrification market trend is accelerating in Asia. EPS is installed at a rate of nearly 91% in Asia. As a result, the EPS segment is expected to have the largest vehicle electrification market share during the forecast period.

    For more information:
    https://www.futuremarketinsights.com/reports/vehicle-electrification-market
    Key Takeaways:
    Competitive Landscape:

    Bosch (Germany), Continental (Germany), Denso (Japan), BorgWarner (US), and Mitsubishi Electric are among the major manufacturers in the vehicle electrification market (Japan). These businesses have diverse product lines and extensive global distribution networks. These companies use strategies such as new product development, expansions, collaborations, and contracts and agreements to maintain their vehicle electrification market position.

    Key Players

    Toyota is one of the key players in the automobile industry that is implementing vehicle electrification. Toyota is innovating in the vehicle electrification market, leveraging the benefits of electrification to support their sustainability initiatives, with the goal of increasing electrified vehicle sales over the next decade.
    Automobile manufacturers are expected to benefit from the initiatives taken by automotive players such as Renault Group and Bosch to implement vehicle electrification, transform public transportation with vehicle electrification, and add electrified vehicles to their product portfolio in the future.
    Key Segments Covered in the Vehicle Electrification Market Report

    Product Type:

    Start/Stop System
    Electric Power Steering (EPS)
    Electric Air-Conditioner Compressor
    Electric Vacuum Pump
    Electric Oil Pump
    Electric Water Pump
    Liquid Heater PTC
    Integrated Starter Generator (ISG)
    Starter Motor
    Alternator
    Actuator
    Degree of Hybridization:

    Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle
    Hybrid Electric Vehicle (HEV)
    Plug-In Hybrid Electric Vehicle (PHEV)
    Battery Electric Vehicle (BEV)
    48 V
    The global vehicle electrification market trends is growing at a CAGR of 10.3% during the forecast period. The vehicle electrification market is expected to grow significantly in the coming years as a result of the preference for electrified vehicles among automotive and automobile manufacturers, as well as the increasing emphasis on environmentally friendly alternatives in automobiles. Vehicle electrification, in line with sustainable transportation facilities, enables both vehicle manufacturers and end-users to benefit from it, transforming how transportation is perceived and contributing to vehicle electrification market growth. Crucial Drivers Steering Vehicle Electrification Market Growth Increasing conventional fuel prices, as well as increased sales of electric vehicles, may accelerate vehicle electrification market growth. Consumer demand for more fuel-efficient vehicles, stricter emission standards, and increased environmental awareness are all expected to drive vehicle electrification market growth. Various governments, including the United States, are actively encouraging vehicle electrification through tax breaks and subsidies. The primary factor driving the vehicle electrification market growth is the increasing use of technological advancements in electric vehicles, such as e-axles. Apart from that, rising demand for lightweight vehicle production to improve fuel efficiency is boosting market growth. Rising demand for hybrid vehicles is expected to drive the vehicle electrification market. The Vehicle Electrification Industry's Hardships Electric vehicles are vehicles that incorporate advanced technologies and electric power components. There are a number of risks associated with these technologies, such as thermal runaway of the battery bank and fire that must be carefully considered. The current vehicle electrification market challenges impeding the popularity of electric vehicles are high battery costs, overheating, the total energy storage capacity of the battery, and the development of vehicle batteries. Asia Pacific The Asia Pacific region has the largest vehicle electrification market share. The government's numerous efforts in India, South Korea, and China to promote the use of electric vehicles and provide tax breaks for such purchases may boost vehicle electrification market growth in this region. Aside from that, technological and economic advancements in this region, as well as increased disposable income, are all contributing to regional prosperity. The electric power steering market is expected to be the largest in the vehicle electrification market. EPS reduces fuel consumption while increasing vehicle manoeuvrability. The vehicle electrification market trend is accelerating in Asia. EPS is installed at a rate of nearly 91% in Asia. As a result, the EPS segment is expected to have the largest vehicle electrification market share during the forecast period. For more information: https://www.futuremarketinsights.com/reports/vehicle-electrification-market Key Takeaways: Competitive Landscape: Bosch (Germany), Continental (Germany), Denso (Japan), BorgWarner (US), and Mitsubishi Electric are among the major manufacturers in the vehicle electrification market (Japan). These businesses have diverse product lines and extensive global distribution networks. These companies use strategies such as new product development, expansions, collaborations, and contracts and agreements to maintain their vehicle electrification market position. Key Players Toyota is one of the key players in the automobile industry that is implementing vehicle electrification. Toyota is innovating in the vehicle electrification market, leveraging the benefits of electrification to support their sustainability initiatives, with the goal of increasing electrified vehicle sales over the next decade. Automobile manufacturers are expected to benefit from the initiatives taken by automotive players such as Renault Group and Bosch to implement vehicle electrification, transform public transportation with vehicle electrification, and add electrified vehicles to their product portfolio in the future. Key Segments Covered in the Vehicle Electrification Market Report Product Type: Start/Stop System Electric Power Steering (EPS) Electric Air-Conditioner Compressor Electric Vacuum Pump Electric Oil Pump Electric Water Pump Liquid Heater PTC Integrated Starter Generator (ISG) Starter Motor Alternator Actuator Degree of Hybridization: Internal Combustion Engine (ICE) & Micro-Hybrid Vehicle Hybrid Electric Vehicle (HEV) Plug-In Hybrid Electric Vehicle (PHEV) Battery Electric Vehicle (BEV) 48 V
    WWW.FUTUREMARKETINSIGHTS.COM
    Vehicle Electrification Market
    [250 Pages Report] Vehicle Electrification Market forecasted to registering 10.3% CAGR during the forecast period (2022-2032) & projected to reach US$ 72 Bn by 2021.
    0 Comments 0 Shares 177 Views
  • The global automotive turbochargers market is projected to have a high-paced CAGR of 9.5% during the forecast period. The current valuation of the automotive turbochargers market is US$ 14.3 Billion in 2023. The value of the automotive turbochargers market is anticipated to reach a high of US$ 35.4 Billion by the year 2033.

    Some key features driving the demand for automotive turbochargers are last-mile delivery and ever-changing mobility services. The present conventional turbocharger market is predicted to develop slowly due to the maturation of the sector and the quick shift to hybrid cars in the face of tight restrictions. Nonetheless, the leading players are developing improved turbos for fuel cells and electric cars, resulting in a massive potential addressable market throughout the projection period.

    Moreover, regulatory authorities, such as the United States Environmental Protection Agency (EPA), have imposed rigorous emission standards for on-road vehicles, including passenger cars and commercial trucks and buses. The EPA rules compel automakers to build cleaner engines with higher fuel economy, boosting industry statistics. Rapid advancements in turbo petrol engines have brought numerous businesses together in a strategic partnership to increase market potential. Toyota, for instance, announced an expansion in 2.0-litre turbo-petrol engine and AWD with Glanza-based GR Starley. This is the first expansion for the company's 2.0-liter 3S-GTE turbocharged petrol engine.

    Furthermore, gasoline-powered engines are transitioning from normally aspirated to turbocharged engines at a greater rate than ever before. It is projected that 50% of automobiles sold during the projection period may have turbochargers, and similar trends are likely to continue. Automobile performance tuning and engine remapping, as well as additive manufacturing, are gaining traction in Europe, forcing manufacturers to incorporate these trends into the creation of improved commercialized fuel cell vehicle turbochargers.

    The strong demand for entry-level hatchbacks in emerging nations signals a high desire for fuel-efficient vehicles. Thus the market for turbochargers is likely to rise due to their capacity to improve vehicle fuel efficiency. Engine manufacturers are downsizing engines by lowering piston displacement and the number of cylinders and using turbochargers to produce greater power and torque via the engine.

    The growth of the automotive turbocharger market size favors the manufacturing of automobiles and vehicles powered by TGDI (turbocharged gasoline direct injection) engines. A new line of innovative electric turbochargers with distinctive valve designs has been created as a result of a series of advances in the automotive turbochargers industry.

    However, the rising emissions created by car fuels are contributing to air pollution and the global warming catastrophe. The major automobile manufacturers are shifting their focus to more sustainable energy sources. Manufacturers are investing considerably in research to build automobiles with modern technologies and are transitioning to an electric powertrain. Hence, the rising popularity of zero-emission automobiles may have a negative impact on the market.

    Key Takeaways:

    During the forecast period, China is expected to account for a significant share of the global automotive turbochargers market. This is attributed to the demand for electric vehicles (EVs) in China growing rapidly, compelling manufacturers to develop technological advances in e-turbochargers and incorporate advantageous technology into existing models.
    The automotive turbochargers market in North America is predicted to hold the largest share, particularly in the U.S., during the projected period. This is owing to the compelling requirement to meet the EPA's and NHTSA's rigorous emission criteria that drive innovation in the automotive turbocharger industry in order to achieve higher fuel economy and a lower carbon footprint.
    Owing to the benefits offered by VCT, such as greater performance and fuel economy, the "variable-geometry technology" product type is expected to hold the greatest revenue through the forecast period.
    As passenger car sales are expanding in the automotive industry, accounting for 3/5th of overall sales, the "passenger car" vehicle type accounts for a significant share and is the most lucrative area for key players.
    For more information:
    https://www.futuremarketinsights.com/reports/global-automotive-turbochargers-market
    Honeywell International Inc. (Garret Advancing Motion)
    BorgWarner Inc.
    IHI Corporation
    Cummins Inc.
    Bosch Mahle Turbo Systems GmbH & Co
    Eaton Corporation plc
    Weifang FuYuan Turbochargers Co. Ltd.
    Mitsubishi Heavy Industries
    Continental AG
    The global automotive turbochargers market is projected to have a high-paced CAGR of 9.5% during the forecast period. The current valuation of the automotive turbochargers market is US$ 14.3 Billion in 2023. The value of the automotive turbochargers market is anticipated to reach a high of US$ 35.4 Billion by the year 2033. Some key features driving the demand for automotive turbochargers are last-mile delivery and ever-changing mobility services. The present conventional turbocharger market is predicted to develop slowly due to the maturation of the sector and the quick shift to hybrid cars in the face of tight restrictions. Nonetheless, the leading players are developing improved turbos for fuel cells and electric cars, resulting in a massive potential addressable market throughout the projection period. Moreover, regulatory authorities, such as the United States Environmental Protection Agency (EPA), have imposed rigorous emission standards for on-road vehicles, including passenger cars and commercial trucks and buses. The EPA rules compel automakers to build cleaner engines with higher fuel economy, boosting industry statistics. Rapid advancements in turbo petrol engines have brought numerous businesses together in a strategic partnership to increase market potential. Toyota, for instance, announced an expansion in 2.0-litre turbo-petrol engine and AWD with Glanza-based GR Starley. This is the first expansion for the company's 2.0-liter 3S-GTE turbocharged petrol engine. Furthermore, gasoline-powered engines are transitioning from normally aspirated to turbocharged engines at a greater rate than ever before. It is projected that 50% of automobiles sold during the projection period may have turbochargers, and similar trends are likely to continue. Automobile performance tuning and engine remapping, as well as additive manufacturing, are gaining traction in Europe, forcing manufacturers to incorporate these trends into the creation of improved commercialized fuel cell vehicle turbochargers. The strong demand for entry-level hatchbacks in emerging nations signals a high desire for fuel-efficient vehicles. Thus the market for turbochargers is likely to rise due to their capacity to improve vehicle fuel efficiency. Engine manufacturers are downsizing engines by lowering piston displacement and the number of cylinders and using turbochargers to produce greater power and torque via the engine. The growth of the automotive turbocharger market size favors the manufacturing of automobiles and vehicles powered by TGDI (turbocharged gasoline direct injection) engines. A new line of innovative electric turbochargers with distinctive valve designs has been created as a result of a series of advances in the automotive turbochargers industry. However, the rising emissions created by car fuels are contributing to air pollution and the global warming catastrophe. The major automobile manufacturers are shifting their focus to more sustainable energy sources. Manufacturers are investing considerably in research to build automobiles with modern technologies and are transitioning to an electric powertrain. Hence, the rising popularity of zero-emission automobiles may have a negative impact on the market. Key Takeaways: During the forecast period, China is expected to account for a significant share of the global automotive turbochargers market. This is attributed to the demand for electric vehicles (EVs) in China growing rapidly, compelling manufacturers to develop technological advances in e-turbochargers and incorporate advantageous technology into existing models. The automotive turbochargers market in North America is predicted to hold the largest share, particularly in the U.S., during the projected period. This is owing to the compelling requirement to meet the EPA's and NHTSA's rigorous emission criteria that drive innovation in the automotive turbocharger industry in order to achieve higher fuel economy and a lower carbon footprint. Owing to the benefits offered by VCT, such as greater performance and fuel economy, the "variable-geometry technology" product type is expected to hold the greatest revenue through the forecast period. As passenger car sales are expanding in the automotive industry, accounting for 3/5th of overall sales, the "passenger car" vehicle type accounts for a significant share and is the most lucrative area for key players. For more information: https://www.futuremarketinsights.com/reports/global-automotive-turbochargers-market Honeywell International Inc. (Garret Advancing Motion) BorgWarner Inc. IHI Corporation Cummins Inc. Bosch Mahle Turbo Systems GmbH & Co Eaton Corporation plc Weifang FuYuan Turbochargers Co. Ltd. Mitsubishi Heavy Industries Continental AG
    WWW.FUTUREMARKETINSIGHTS.COM
    Automotive Turbochargers Market
    Global automotive turbochargers market size estimated at US$ 14.3 Bn in 2023 and US$ 35.4 Bn by 2033, growing at a CAGR of 9.5% during the forecast period 2023-2033
    0 Comments 0 Shares 214 Views
  • Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, It is estimated that the golf cart market size would grow from US$ 1.34 billion in 2022 to US$ 2.12 billion in 2032.

    Key Takeaways of Global Golf Cart Market Study

    After registering negative growth in 2020, golf cart sales is expected to pick up 2021 onwards
    The U.S. market will prove excessively lucrative, accounting for dominant 78.3% sales in 2021
    After deceleration in sales, the U.K. market will exhibit recovery, registering 2.6% Y-o-Y growth in 2021
    Other than U.K., Germany and France will emerge as key markets within Europe
    China will continue dominating East Asia market, followed by Japan and South Korea
    “Driven by increasing focus on reducing emissions and the rising demand for energy-efficient mobility solutions, golf cart manufacturers are expected to focusing on the production of solar powered and electric golf carts. With this trend unlikely to slow down in the near future, the market will continue gaining impetus through the forecast period,” says FMI analyst.

    With the rising focus on renewable energy, the demand for solar-powered and electric vehicles is increasing. The trend also is visible in the golf cart market. According to FMI, electric golf carts are expected to account for over 87% of sales in 2021. Driven by changing preferences of consumers, some of the leading manufacturers are focusing on developing technologically advanced intelligent braking system for golf carts. This is indicating towards the potential launch of driverless golf carts.

    As per FMI’s research scope, the global golf cart market has been studied and segmented on the basis of product type, operation, application, ownership and region. The global golf cart market report also details global golf cart cost analysis, and market presence of leading manufacturers.

    Global golf cart market is expected to be an opportunistic market in the forecast period due to growing golf sports infrastructure and its applications in various sectors. As this low speed and compact vehicles have numerous applications, starting from their primary application in golf courses to their applications in sports events, airports, resorts, hospitals, warehouses, railway stations, universities, and housing projects, their demand is expected to rise considerably in the coming years.

    For more information:
    https://www.futuremarketinsights.com/reports/golf-cart-market

    For instance, Club Car, LLC Club car, a leading company in golf cart market, has introduced its lithium ion-powered golf cart technology in 2019. Such efforts by leading players are expected to bode well for the market.

    Key players

    Club Car, LLC
    Yamaha Golf-Car Company.
    E-Z-GO
    EverGreen Electrical Vehicles
    Columbia ParCar Corp
    Hitachi Chemical Co., Ltd.
    Xiamen Dalle Electric Car Co., Ltd. Company
    Maini Material Movement Pvt. Ltd
    Garia Luxury Golf Car.
    Cruise Car, Inc.
    Toyota Motor Corporation
    Polaris Inc
    Solorider
    GDRIVE Golf Cart
    Carrieall Car Pvt Ltd
    Volmac Engineering Pvt Ltd
    Key Segment

    By Product Type:

    Push-Pull Golf Cart
    Gasoline Golf Cart
    Electric Golf Cart
    Solar Powered Golf Cart
    By Operation:

    Manual
    Powered
    By Application:

    Golf Courses
    Personal Use
    Industry Use
    Others
    By Ownership:

    Rented
    Fully Owned
    Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, It is estimated that the golf cart market size would grow from US$ 1.34 billion in 2022 to US$ 2.12 billion in 2032. Key Takeaways of Global Golf Cart Market Study After registering negative growth in 2020, golf cart sales is expected to pick up 2021 onwards The U.S. market will prove excessively lucrative, accounting for dominant 78.3% sales in 2021 After deceleration in sales, the U.K. market will exhibit recovery, registering 2.6% Y-o-Y growth in 2021 Other than U.K., Germany and France will emerge as key markets within Europe China will continue dominating East Asia market, followed by Japan and South Korea “Driven by increasing focus on reducing emissions and the rising demand for energy-efficient mobility solutions, golf cart manufacturers are expected to focusing on the production of solar powered and electric golf carts. With this trend unlikely to slow down in the near future, the market will continue gaining impetus through the forecast period,” says FMI analyst. With the rising focus on renewable energy, the demand for solar-powered and electric vehicles is increasing. The trend also is visible in the golf cart market. According to FMI, electric golf carts are expected to account for over 87% of sales in 2021. Driven by changing preferences of consumers, some of the leading manufacturers are focusing on developing technologically advanced intelligent braking system for golf carts. This is indicating towards the potential launch of driverless golf carts. As per FMI’s research scope, the global golf cart market has been studied and segmented on the basis of product type, operation, application, ownership and region. The global golf cart market report also details global golf cart cost analysis, and market presence of leading manufacturers. Global golf cart market is expected to be an opportunistic market in the forecast period due to growing golf sports infrastructure and its applications in various sectors. As this low speed and compact vehicles have numerous applications, starting from their primary application in golf courses to their applications in sports events, airports, resorts, hospitals, warehouses, railway stations, universities, and housing projects, their demand is expected to rise considerably in the coming years. For more information: https://www.futuremarketinsights.com/reports/golf-cart-market For instance, Club Car, LLC Club car, a leading company in golf cart market, has introduced its lithium ion-powered golf cart technology in 2019. Such efforts by leading players are expected to bode well for the market. Key players Club Car, LLC Yamaha Golf-Car Company. E-Z-GO EverGreen Electrical Vehicles Columbia ParCar Corp Hitachi Chemical Co., Ltd. Xiamen Dalle Electric Car Co., Ltd. Company Maini Material Movement Pvt. Ltd Garia Luxury Golf Car. Cruise Car, Inc. Toyota Motor Corporation Polaris Inc Solorider GDRIVE Golf Cart Carrieall Car Pvt Ltd Volmac Engineering Pvt Ltd Key Segment By Product Type: Push-Pull Golf Cart Gasoline Golf Cart Electric Golf Cart Solar Powered Golf Cart By Operation: Manual Powered By Application: Golf Courses Personal Use Industry Use Others By Ownership: Rented Fully Owned
    WWW.FUTUREMARKETINSIGHTS.COM
    Golf Cart Market
    Golf Cart Market reached a valuation of US$ 1.34 bn in 2022 and is expected to reach US$ 2.12 bn in 2032, at a 3.9% CAGR | FMI
    0 Comments 0 Shares 156 Views
  • Zero Emission Vehicle Market Analysis and Market Studies To 2033
    The global zero emission vehicle market is valued at US$ 248 billion as on 2023. The market is expected to grow at a CAGR of 25.4% during the forecast period, and is anticipated to reach a valuation of US$ 2,384.66 billion by 2033.

    Key Takeaways:

    The zero emission vehicle market is projected to grow at a CAGR of 25.4% during the period 2023-2033.
    The market is valued at US$ 248 billion as on 2023.
    The market is expected to reach a valuation of US$ 2,384.66 billion by 2033.
    North America region is currently the largest market, and has a market share of around 42%.
    USA is currently the largest market in North America market, with a share of nearly 58%.
    Asia Pacific currently has a market share of 30%, and is expected to be the fastest growing market during the forecast period.
    The South Korea zero emission vehicle market is currently driven by key players who are investing in the R&D aspect of the business.
    The Japan market is expected to show a considerable growth owing to the subsidies provided by the government.
    Europe currently has a market share of 21%, and is expected to be one of the most crucial markets.
    Based on the application, the commercial vehicle segment had the highest market share of nearly 50% in 2022.
    By price, the mid-price segment had the largest market share of around 73%.


    One of the key factors that has led to an increase in the demand for zero emission vehicle is the fact that these do not emit harmful gases. Thus, the governments worldwide have started incentivising consumers who make use of the zero emission vehicles.

    Apart from that, the noise generated by the zero emission vehicles is much less as compared to traditional fuel-based cars, which might as well increase their sales during the forecast period.

    Moreover, a lot of zero emission vehicles run on electricity, which is a renewable source of energy, unlike the fuel-based vehicles, which are typically non-renewable source of energy. Therefore, the manufacturers are of the view that the production of electricity of much easier as compared to fuels, which takes millions of years in order to form.

    Apart from that, the automobile manufacturers who were into manufacturing fuel-based vehicles are gradually transitioning towards zero emission vehicles. Furthermore, the manufacturers are also carrying out intense marketing campaigns to convey the benefits of these vehicle, which would have a positive impact on zero emission vehicle adoption trends.

    For more information:
    https://www.futuremarketinsights.com/reports/zero-emission-vehicle-market
    Furthermore, on comparing with the fuel-based cars, the operational cost of zero emission vehicle is almost one-tenth the price of the fuel-based counterparts. This might as well increase the market share of zero emission vehicle.

    Thus, from the insights provided by FMI researchers, it can be concluded that “the ability to contain air and noise pollution, coupled with increasing government initiatives to tackle pollution, and a number of other factors are expected to surge the zero emission vehicle market growth during the forecast period.”

    Competitive Landscape

    The key players in the zero emission vehicle market are investing huge amounts in the process of mergers and acquisitions. This is done in an effort to lay more emphasis on knowledge sharing and technology sharing. Apart from that, the focus is also on expanding the footprints in order to garner a huge market share.

    Some of the recent developments in the zero emission vehicle market are:

    In March 2022, Kia Carens received an overwhelming response, and crossed 50,000 mark.
    In December 2022, BMW commenced the production of small-series hydrogen powered model.
    Key Companies Profiled

    Fiat
    Hyundai
    BMW
    Kia
    Chevrolet
    Toyota
    BYD
    Tesla
    Nissan
    Volkswagen
    Zero Emission Vehicle Market Segmentation

    By Vehicle Type:

    Battery Electric Vehicle,
    Plug-in Hybrid Electric Vehicle,
    Fuel Cell Electric Vehicle
    By Application:

    Commercial Vehicle,
    Passenger Vehicle,
    Two Wheelers
    By Price:

    Mid-Priced,
    Luxury
    By Vehicle Drive Type:

    Front Wheel Drive,
    Rear Wheel Drive,
    All Wheel Drive
    By Top Speed:

    Less Than 100 MPH,
    100 to 125 MPH,
    More Than 125 MPH
    By Source of Power:

    Gasoline,
    CNG,
    Diesel,
    Others
    Zero Emission Vehicle Market Analysis and Market Studies To 2033 The global zero emission vehicle market is valued at US$ 248 billion as on 2023. The market is expected to grow at a CAGR of 25.4% during the forecast period, and is anticipated to reach a valuation of US$ 2,384.66 billion by 2033. Key Takeaways: The zero emission vehicle market is projected to grow at a CAGR of 25.4% during the period 2023-2033. The market is valued at US$ 248 billion as on 2023. The market is expected to reach a valuation of US$ 2,384.66 billion by 2033. North America region is currently the largest market, and has a market share of around 42%. USA is currently the largest market in North America market, with a share of nearly 58%. Asia Pacific currently has a market share of 30%, and is expected to be the fastest growing market during the forecast period. The South Korea zero emission vehicle market is currently driven by key players who are investing in the R&D aspect of the business. The Japan market is expected to show a considerable growth owing to the subsidies provided by the government. Europe currently has a market share of 21%, and is expected to be one of the most crucial markets. Based on the application, the commercial vehicle segment had the highest market share of nearly 50% in 2022. By price, the mid-price segment had the largest market share of around 73%. One of the key factors that has led to an increase in the demand for zero emission vehicle is the fact that these do not emit harmful gases. Thus, the governments worldwide have started incentivising consumers who make use of the zero emission vehicles. Apart from that, the noise generated by the zero emission vehicles is much less as compared to traditional fuel-based cars, which might as well increase their sales during the forecast period. Moreover, a lot of zero emission vehicles run on electricity, which is a renewable source of energy, unlike the fuel-based vehicles, which are typically non-renewable source of energy. Therefore, the manufacturers are of the view that the production of electricity of much easier as compared to fuels, which takes millions of years in order to form. Apart from that, the automobile manufacturers who were into manufacturing fuel-based vehicles are gradually transitioning towards zero emission vehicles. Furthermore, the manufacturers are also carrying out intense marketing campaigns to convey the benefits of these vehicle, which would have a positive impact on zero emission vehicle adoption trends. For more information: https://www.futuremarketinsights.com/reports/zero-emission-vehicle-market Furthermore, on comparing with the fuel-based cars, the operational cost of zero emission vehicle is almost one-tenth the price of the fuel-based counterparts. This might as well increase the market share of zero emission vehicle. Thus, from the insights provided by FMI researchers, it can be concluded that “the ability to contain air and noise pollution, coupled with increasing government initiatives to tackle pollution, and a number of other factors are expected to surge the zero emission vehicle market growth during the forecast period.” Competitive Landscape The key players in the zero emission vehicle market are investing huge amounts in the process of mergers and acquisitions. This is done in an effort to lay more emphasis on knowledge sharing and technology sharing. Apart from that, the focus is also on expanding the footprints in order to garner a huge market share. Some of the recent developments in the zero emission vehicle market are: In March 2022, Kia Carens received an overwhelming response, and crossed 50,000 mark. In December 2022, BMW commenced the production of small-series hydrogen powered model. Key Companies Profiled Fiat Hyundai BMW Kia Chevrolet Toyota BYD Tesla Nissan Volkswagen Zero Emission Vehicle Market Segmentation By Vehicle Type: Battery Electric Vehicle, Plug-in Hybrid Electric Vehicle, Fuel Cell Electric Vehicle By Application: Commercial Vehicle, Passenger Vehicle, Two Wheelers By Price: Mid-Priced, Luxury By Vehicle Drive Type: Front Wheel Drive, Rear Wheel Drive, All Wheel Drive By Top Speed: Less Than 100 MPH, 100 to 125 MPH, More Than 125 MPH By Source of Power: Gasoline, CNG, Diesel, Others
    WWW.FUTUREMARKETINSIGHTS.COM
    Zero Emission Vehicle Market
    [300 Pages Report] Zero emission vehicle (ZEV) market is expected to reach US$ 2,384.66 billion by 2033, growing at a CAGR of 25.4% during the forecast period 2023-2033
    0 Comments 0 Shares 206 Views
  • The global automotive seating market is expected to surge at a stagnant CAGR of around 3.40% during the forecast period from 2022 to 2032. The growth in the market is expected to reach a valuation of US$ 52,941.6 Mn in 2022 and is anticipated to surge by an estimation of around US$ 73,960.9 Mn in 2032.

    The most recent model developments are discussed in the car seating market in order to provide the driver and passenger with more comfort. Over time, seating has evolved from basic sitting systems to intricate works of art that enable manufacturers and consumers meet their needs. With the aid of automotive seating components, manufacturers have begun creating new layouts that will modify seating systems more than conventional seating systems now do.

    It has been anticipated that the Asia Pacific region will demonstrate escalated growth rate in the market. Because manufacturers are actively establishing bases in emerging markets including India and China to take advantage of the nominal costs of labor there.

    Due to the luxurious adjustments that are actively being incorporated into seating systems to ensure that customers have a peaceful experience while driving, the adoption of modern automobile seats is on the rise. As a result, it is predicted that the automotive seats market will have a steady yet sluggish growth throughout the course of the forecast period.

    For more information:
    https://www.futuremarketinsights.com/reports/automotive-seating-market
    Key Takeaways

    A drastic shift in consumer preferences has been observed over recent years since bigger cars have doubled the share of SUVs. They comprise a diverse range of seat combinations including bucket seats and second-row seats as bench or bucket (may or may not be split). On the basis of technological advancements, seats in full-size SUVs are fully powered, heated, and ventilated and could also use leather seats. Therefore, rising sales of SUVs are fueling the automotive seating market.
    It has been observed that government all over the world is taking active participation and role in making ways for Foreign Direct Investments supporting the automotive seating market. Due to the aforementioned factors, the global automotive seating market is expected to grow within the upcoming years.
    Future Market Insights has recently observed customer inclination for luxurious seating systems. Manufacturers are taking efforts in research and development activities to make products luxurious and emphasizing safety concerns.
    The automotive industry is increasing its focus on the development of advanced driver assistance technologies, with the major objective of developing and introducing a fully automated driving experience. There has been a reasonable surge in consumer preference for mobility-on-demand services, creating lucrative opportunities in the automotive seating market.
    With a surging preference for care sharing, the durability of seats will be a vital element to consider. These days different people commute in the same car at the same time, and privacy will be considered a crucial aspect that is resulting in pushing the manufacturers to innovate and acquire compelling products for end-users.
    Competitive Landscape

    The prominent market players are making continuous innovations and indulging in several mergers and acquisitions in order to curate convenient seating solutions for the end-users. They are possessing compelling products that efficiently abide by consumer preference for further increasing demand in the global automotive seating market.

    Key companies proliferating in the automotive seating market are:

    Fisher and Company
    RECARO Automotive
    Faurecia
    Grammar Seating Systems
    Johnson Controls
    TM Automotive Seating Systems Private Limited
    Lear Corporation
    Tata Autocomp Systems Limited
    Toyota Boshoku Corporation
    Marter Automotive Seating Systems
    TS Tech Corporation Ltd.
    Key Segments In The Automotive Seating Market

    By Seat Type:

    Split seat
    Bench seat
    Split Bench seat
    By Vehicle Type:

    PCV (Passenger Commercial Vehicles)
    LCV (Light Commercial Vehicles)
    HCV (Heavy Commercial Vehicles)
    By Distribution Channel:

    OEM
    Aftermarket
    The global automotive seating market is expected to surge at a stagnant CAGR of around 3.40% during the forecast period from 2022 to 2032. The growth in the market is expected to reach a valuation of US$ 52,941.6 Mn in 2022 and is anticipated to surge by an estimation of around US$ 73,960.9 Mn in 2032. The most recent model developments are discussed in the car seating market in order to provide the driver and passenger with more comfort. Over time, seating has evolved from basic sitting systems to intricate works of art that enable manufacturers and consumers meet their needs. With the aid of automotive seating components, manufacturers have begun creating new layouts that will modify seating systems more than conventional seating systems now do. It has been anticipated that the Asia Pacific region will demonstrate escalated growth rate in the market. Because manufacturers are actively establishing bases in emerging markets including India and China to take advantage of the nominal costs of labor there. Due to the luxurious adjustments that are actively being incorporated into seating systems to ensure that customers have a peaceful experience while driving, the adoption of modern automobile seats is on the rise. As a result, it is predicted that the automotive seats market will have a steady yet sluggish growth throughout the course of the forecast period. For more information: https://www.futuremarketinsights.com/reports/automotive-seating-market Key Takeaways A drastic shift in consumer preferences has been observed over recent years since bigger cars have doubled the share of SUVs. They comprise a diverse range of seat combinations including bucket seats and second-row seats as bench or bucket (may or may not be split). On the basis of technological advancements, seats in full-size SUVs are fully powered, heated, and ventilated and could also use leather seats. Therefore, rising sales of SUVs are fueling the automotive seating market. It has been observed that government all over the world is taking active participation and role in making ways for Foreign Direct Investments supporting the automotive seating market. Due to the aforementioned factors, the global automotive seating market is expected to grow within the upcoming years. Future Market Insights has recently observed customer inclination for luxurious seating systems. Manufacturers are taking efforts in research and development activities to make products luxurious and emphasizing safety concerns. The automotive industry is increasing its focus on the development of advanced driver assistance technologies, with the major objective of developing and introducing a fully automated driving experience. There has been a reasonable surge in consumer preference for mobility-on-demand services, creating lucrative opportunities in the automotive seating market. With a surging preference for care sharing, the durability of seats will be a vital element to consider. These days different people commute in the same car at the same time, and privacy will be considered a crucial aspect that is resulting in pushing the manufacturers to innovate and acquire compelling products for end-users. Competitive Landscape The prominent market players are making continuous innovations and indulging in several mergers and acquisitions in order to curate convenient seating solutions for the end-users. They are possessing compelling products that efficiently abide by consumer preference for further increasing demand in the global automotive seating market. Key companies proliferating in the automotive seating market are: Fisher and Company RECARO Automotive Faurecia Grammar Seating Systems Johnson Controls TM Automotive Seating Systems Private Limited Lear Corporation Tata Autocomp Systems Limited Toyota Boshoku Corporation Marter Automotive Seating Systems TS Tech Corporation Ltd. Key Segments In The Automotive Seating Market By Seat Type: Split seat Bench seat Split Bench seat By Vehicle Type: PCV (Passenger Commercial Vehicles) LCV (Light Commercial Vehicles) HCV (Heavy Commercial Vehicles) By Distribution Channel: OEM Aftermarket
    WWW.FUTUREMARKETINSIGHTS.COM
    Automotive Seating Market
    [306 Pages Report] Automotive Seating Market is projected to reach a valuation of US$ 73,960.9 Mn by 2032, likely to surge at a vigorous 3.40% CAGR from 2022 - 2032
    0 Comments 0 Shares 106 Views
  • As per the report published by FMI, the global automotive seating systems market is projected to have a slow-paced CAGR of 3.10% during the forecast period. The current valuation of the market is US$ 65.4 Billion in 2022. The market value of automotive seating systems is anticipated to reach a high of US$ 88.8 Billion by the year 2032.

    Competition Landscape in the Automotive Seating Systems Market

    The key players in the automotive seating systems market are growing research and development activities to launch innovative products and are penetrating lucrative growth opportunities in the forum.

    Furthermore, several leading players are incorporating automotive seats with smart sensors, air moving devices, high-power-density heaters, and convective heaters, which is leading to the creation of more compelling products and capitalization upon new technologies.

    Johnson Controls Inc., Faurecia SA, Marter Automotive Seating Systems, Toyota Boshoku Corporation, Lear Corporation, Magna International Inc., and IFB Automotive are some of the key players in the market.

    Due to the rising demand for hybrid and electric vehicles in developing economies, automotive seating systems have recently gained significant ground. The market's rise has been largely attributed to the automotive industry's explosive growth, which has supported the market growth for car seating systems.

    Increasing customer preference for mobility-on-demand services, such as vehicle and ride-sharing, has led to an unprecedented increase in demand for automotive seating systems, according to Future Market Insights' findings. As a result, given the growing popularity of car sharing, the seats' durability is probably the most important consideration.

    It is anticipated by the expert analysts at FMI that modular seats such as heated, powered, and ventilated applications are now getting more commercialized and are being increasingly used in most mid-end automotives. However, the high cost of automotive seating systems limits their penetration and is likely to curb the growth of the market in the coming years.

    FMI has analyzed that rising safety concerns, strengthening fuel efficiency by manufacturing lightweight automotive designs, and a rise in demand for premium vehicles are majorly contributing to the propulsion of the automotive seating system market. Therefore, the automotive seating systems market is likely to have significant growth over the forecast period.

    For more information: https://www.futuremarketinsights.com/reports/automotive-seating-systems-market
    Key Takeaways from the Automotive Seating Systems Market

    Europe is projected to dominate the global automotive seating systems market with a total of 25% market share during 2022-2032.
    The automotive seating systems market in the European region is anticipated to advance at a CAGR of 5.5% during the forecast period.
    North America is accounting for 19% market share for automotive seating systems in the global market in 2022.
    The North American market for automotive seating systems is assumed to grow at a CAGR of 1.7% between 2022 and 2032.
    A historical CAGR of 2.10% has been witnessed in the automotive seating systems market during the period 2016-2021.
    “The broad spectrum of vehicles with a confluence of growing concern for safety features is rising the demand for intelligent seating systems with superior comfort and ergonomics.” – Says an FMI Analyst

    Recent Developments in the Automotive Seating Systems Market:

    In May 2021, Toyota Boshoku introduced a cabin space that offers multimodal sensory stimulation during autonomous driving to reinvigorate its occupants with a short nap and comfortably awaken them.
    In July 2020, Faurecia officially launched its new seating joint venture with BAIC with four plants in Beijing, Chongqing, Huanghua, and Xiangtan.
    In 2019, Lear Corporation acquired Israel-based EXO Technologies, a leading developer of differentiated GPS technology that provides high-accuracy positioning solutions for autonomous and connected vehicle applications.
    Key Segments of Automotive Seating Systems Industry Survey

    Automotive Seating Systems Market by Vehicle Type:

    Automotive Seating Systems for Passenger Cars
    Automotive Seating Systems for Light Commercial Vehicles
    Automotive Seating Systems for Heavy Commercial Vehicles
    Automotive Seating Systems Market by Seat Type:

    Automotive Split Seat Systems
    Automotive Bench Seat Systems
    Automotive Split Bench Seat Systems
    Automotive Seating Systems Market by Distribution Channel:

    Automotive Seating System Sales via OEM
    Automotive Seating System Sales via Aftermarket
    Automotive Seating Systems Market by Technology:

    Heated Automotive Seating Systems
    Powered Automotive Seating Systems
    Powered & Heated Automotive Seating Systems
    Standard Type Automotive Seating Systems
    As per the report published by FMI, the global automotive seating systems market is projected to have a slow-paced CAGR of 3.10% during the forecast period. The current valuation of the market is US$ 65.4 Billion in 2022. The market value of automotive seating systems is anticipated to reach a high of US$ 88.8 Billion by the year 2032. Competition Landscape in the Automotive Seating Systems Market The key players in the automotive seating systems market are growing research and development activities to launch innovative products and are penetrating lucrative growth opportunities in the forum. Furthermore, several leading players are incorporating automotive seats with smart sensors, air moving devices, high-power-density heaters, and convective heaters, which is leading to the creation of more compelling products and capitalization upon new technologies. Johnson Controls Inc., Faurecia SA, Marter Automotive Seating Systems, Toyota Boshoku Corporation, Lear Corporation, Magna International Inc., and IFB Automotive are some of the key players in the market. Due to the rising demand for hybrid and electric vehicles in developing economies, automotive seating systems have recently gained significant ground. The market's rise has been largely attributed to the automotive industry's explosive growth, which has supported the market growth for car seating systems. Increasing customer preference for mobility-on-demand services, such as vehicle and ride-sharing, has led to an unprecedented increase in demand for automotive seating systems, according to Future Market Insights' findings. As a result, given the growing popularity of car sharing, the seats' durability is probably the most important consideration. It is anticipated by the expert analysts at FMI that modular seats such as heated, powered, and ventilated applications are now getting more commercialized and are being increasingly used in most mid-end automotives. However, the high cost of automotive seating systems limits their penetration and is likely to curb the growth of the market in the coming years. FMI has analyzed that rising safety concerns, strengthening fuel efficiency by manufacturing lightweight automotive designs, and a rise in demand for premium vehicles are majorly contributing to the propulsion of the automotive seating system market. Therefore, the automotive seating systems market is likely to have significant growth over the forecast period. For more information: https://www.futuremarketinsights.com/reports/automotive-seating-systems-market Key Takeaways from the Automotive Seating Systems Market Europe is projected to dominate the global automotive seating systems market with a total of 25% market share during 2022-2032. The automotive seating systems market in the European region is anticipated to advance at a CAGR of 5.5% during the forecast period. North America is accounting for 19% market share for automotive seating systems in the global market in 2022. The North American market for automotive seating systems is assumed to grow at a CAGR of 1.7% between 2022 and 2032. A historical CAGR of 2.10% has been witnessed in the automotive seating systems market during the period 2016-2021. “The broad spectrum of vehicles with a confluence of growing concern for safety features is rising the demand for intelligent seating systems with superior comfort and ergonomics.” – Says an FMI Analyst Recent Developments in the Automotive Seating Systems Market: In May 2021, Toyota Boshoku introduced a cabin space that offers multimodal sensory stimulation during autonomous driving to reinvigorate its occupants with a short nap and comfortably awaken them. In July 2020, Faurecia officially launched its new seating joint venture with BAIC with four plants in Beijing, Chongqing, Huanghua, and Xiangtan. In 2019, Lear Corporation acquired Israel-based EXO Technologies, a leading developer of differentiated GPS technology that provides high-accuracy positioning solutions for autonomous and connected vehicle applications. Key Segments of Automotive Seating Systems Industry Survey Automotive Seating Systems Market by Vehicle Type: Automotive Seating Systems for Passenger Cars Automotive Seating Systems for Light Commercial Vehicles Automotive Seating Systems for Heavy Commercial Vehicles Automotive Seating Systems Market by Seat Type: Automotive Split Seat Systems Automotive Bench Seat Systems Automotive Split Bench Seat Systems Automotive Seating Systems Market by Distribution Channel: Automotive Seating System Sales via OEM Automotive Seating System Sales via Aftermarket Automotive Seating Systems Market by Technology: Heated Automotive Seating Systems Powered Automotive Seating Systems Powered & Heated Automotive Seating Systems Standard Type Automotive Seating Systems
    WWW.FUTUREMARKETINSIGHTS.COM
    Automotive Seating Systems Market
    [303 Pages Report] Automotive Seating Systems Market is expected to reach US$ 88,833.9 Mn in 2032, growing at a CAGR of 3.10% during the forecast of 2022-2032
    0 Comments 0 Shares 165 Views
  • The electric utility vehicles market size is valued at US$ 9,203.8 million as on 2023. The market is expected to reach a valuation of US$ 38,550.2 million by 2033, and is expected to grow at a CAGR of 15.4% during the period 2023-2033.

    There has been an increasing awareness regarding the impact of harmful emissions on the environment. Owing to this, the governments have been taking proactive steps to tackle pollution. This has led to governments incentivizing people who make use of electric utility vehicles.

    Initially, the cost of the battery used in electric utility vehicles was more than US$ 1000. But with the advancements in technology, the cost has come down to US$ 100. This might increase the demand for electric utility vehicles during the forecast period.

    Furthermore, the electric utility vehicles market has witnessed a number of buyers in the agricultural sector. This is because of the fact that there were a number of cases of crops getting spoiled due to vehicular emissions. This might well increase the sales of electric utility vehicles during the forecast period.

    Moreover, the users are of the view that the application of electric utility vehicles offers high convenience as these are easy to charge. This might as well surge the market growth during the forecast period.

    Moreover, the cost associated with charging electric vehicles is much less as compared to the usage of fuels.

    However, the growth of E-commerce market represents massive opportunity for the market of electric utility vehicles. This is owing to the fact that the electric utility vehicles seamlessly carry out the task of logistics.

    Thus, based on the insights provided by FMI researchers, it can be inferred that “initiatives by the governments across the world to reduce greenhouse gas emissions, coupled with reduction of battery cost is expected to surge the electric utility vehicles market growth.” Key Takeaways:

    The electric utility vehicles market is valued at US$ 9,203.8 million as on 2023.
    The market is expected to reach a valuation of US$ 38,550.2 million by 2033.
    The market is anticipated to grow at a CAGR of 15.4% during the forecast period.
    Based on the regional analysis, North America is the largest market.
    Based on the country analysis, USA is the largest market, having a share of 26.8%.
    The Germany market has a share of 13.7%.
    The Japan market has a share of 1.4%.
    The Australia market has a share of 0.6%
    The China electric utility vehicles market is expected to grow at a CAGR of 18.5% during the forecast period.
    The India market is expected to grow at a CAGR of 14.5% during the forecast period.
    The UK market is expected to grow at a CAGR of 10.5% during the forecast period.
    On the basis of battery type, the lithium-ion battery has the highest market share of 73.4%.
    On the basis of application, the commercial segment has the largest market share.
    On the basis of propulsion, the pure electric segment has the highest share in the electric utility vehicles market.
    For more information: https://www.futuremarketinsights.com/reports/electric-utility-vehicles-market
    Competitive Landscape

    The key players operating in the market are mainly investing large amounts on technological upgradation. Apart from that, the companies are also focusing on mergers in order to expand their market.

    Some of the recent developments in the electric utility vehicles market are:

    In September 2022, Bollinger Motors and Wabash announced joint development to produce last-mile refrigerated delivery electric truck.
    In September 2022, Tesla announced Joe Gebbia as new independent director.
    Key Companies Profiled

    Tesla
    Hyundai Motor Group
    General Motor Company
    Mahindra Electric Mobility
    Columbia Vehicle Group
    Star EV Corporation
    Neuron EV
    Bollinger Motors
    Ford Motor Company
    Toyota Motor Corporation
    Electric Utility Vehicles Market Segmentation

    By Type:

    Electric ATVs
    Electric UTVs
    Electric Utility Carts
    Electric Shuttle Carts
    By Battery Type:

    Lead Acid
    Lithium-ion
    By Drive Type:

    2WD
    4WD
    AWD
    By Application:

    Commercial Transport
    Recreation
    Agriculture
    Industrial
    Others
    By Seating Capacity:

    1-seater
    2-seater
    >2-seater
    By Propulsion:

    Pure Electric
    Hybrid Electric
    The electric utility vehicles market size is valued at US$ 9,203.8 million as on 2023. The market is expected to reach a valuation of US$ 38,550.2 million by 2033, and is expected to grow at a CAGR of 15.4% during the period 2023-2033. There has been an increasing awareness regarding the impact of harmful emissions on the environment. Owing to this, the governments have been taking proactive steps to tackle pollution. This has led to governments incentivizing people who make use of electric utility vehicles. Initially, the cost of the battery used in electric utility vehicles was more than US$ 1000. But with the advancements in technology, the cost has come down to US$ 100. This might increase the demand for electric utility vehicles during the forecast period. Furthermore, the electric utility vehicles market has witnessed a number of buyers in the agricultural sector. This is because of the fact that there were a number of cases of crops getting spoiled due to vehicular emissions. This might well increase the sales of electric utility vehicles during the forecast period. Moreover, the users are of the view that the application of electric utility vehicles offers high convenience as these are easy to charge. This might as well surge the market growth during the forecast period. Moreover, the cost associated with charging electric vehicles is much less as compared to the usage of fuels. However, the growth of E-commerce market represents massive opportunity for the market of electric utility vehicles. This is owing to the fact that the electric utility vehicles seamlessly carry out the task of logistics. Thus, based on the insights provided by FMI researchers, it can be inferred that “initiatives by the governments across the world to reduce greenhouse gas emissions, coupled with reduction of battery cost is expected to surge the electric utility vehicles market growth.” Key Takeaways: The electric utility vehicles market is valued at US$ 9,203.8 million as on 2023. The market is expected to reach a valuation of US$ 38,550.2 million by 2033. The market is anticipated to grow at a CAGR of 15.4% during the forecast period. Based on the regional analysis, North America is the largest market. Based on the country analysis, USA is the largest market, having a share of 26.8%. The Germany market has a share of 13.7%. The Japan market has a share of 1.4%. The Australia market has a share of 0.6% The China electric utility vehicles market is expected to grow at a CAGR of 18.5% during the forecast period. The India market is expected to grow at a CAGR of 14.5% during the forecast period. The UK market is expected to grow at a CAGR of 10.5% during the forecast period. On the basis of battery type, the lithium-ion battery has the highest market share of 73.4%. On the basis of application, the commercial segment has the largest market share. On the basis of propulsion, the pure electric segment has the highest share in the electric utility vehicles market. For more information: https://www.futuremarketinsights.com/reports/electric-utility-vehicles-market Competitive Landscape The key players operating in the market are mainly investing large amounts on technological upgradation. Apart from that, the companies are also focusing on mergers in order to expand their market. Some of the recent developments in the electric utility vehicles market are: In September 2022, Bollinger Motors and Wabash announced joint development to produce last-mile refrigerated delivery electric truck. In September 2022, Tesla announced Joe Gebbia as new independent director. Key Companies Profiled Tesla Hyundai Motor Group General Motor Company Mahindra Electric Mobility Columbia Vehicle Group Star EV Corporation Neuron EV Bollinger Motors Ford Motor Company Toyota Motor Corporation Electric Utility Vehicles Market Segmentation By Type: Electric ATVs Electric UTVs Electric Utility Carts Electric Shuttle Carts By Battery Type: Lead Acid Lithium-ion By Drive Type: 2WD 4WD AWD By Application: Commercial Transport Recreation Agriculture Industrial Others By Seating Capacity: 1-seater 2-seater >2-seater By Propulsion: Pure Electric Hybrid Electric
    WWW.FUTUREMARKETINSIGHTS.COM
    Electric Utility Vehicles Market
    Electric utility vehicles market estimated at US$ 9,203 mn in 2023 and is expected to reach US$ 38,550 mn by 2033, growing at a CAGR of 15.4% during the forecast period
    0 Comments 0 Shares 109 Views
  • As per the reports published by FMI, the global automotive OEM market demand is projected to have an average-paced CAGR of 4.17% during the forecast period. The current valuation of the market is US$ 35.16 Billion in 2023. The market value of the automotive OEM market is anticipated to surpass a market valuation of US$ 52.90 Billion by the year 2033. A historical market valuation of US$ 32.4 Billion has been recorded by the analysts of Future Market Insights for the concerned market during the base year.

    It is analyzed by the experts that demand for a large number of commercial and passenger vehicles is a major contributor to the expanding market size of automotive OEMs. Consumers are becoming more aware of their safety while traveling and this aspect is fueling the demand for automotive OEM products in 2023. There are several technological advances made by manufacturers to gain an upper hand in the market.

    The rise in disposable income across developing economies is resulting in increased spending on personal vehicles, simultaneously fueling the market growth of automotive OEMs. However, the high cost of automotive OEM products is a crucial factor impeding the growth of the industry. Furthermore, the prevalence of counterfeit automotive OEM products is estimated to challenge the expansion of the market through 2033.

    For more information: https://www.futuremarketinsights.com/reports/automotive-oem-market
    Key Takeaways from the Automotive OEM Market

    The automotive OEM market is estimated to surpass a valuation of US$ 52.90 Billion by the end of the projection period.
    An approximate surge of US$ 2.76 Billion has been witnessed from the base year to the current year in the automotive OEM market.
    The commercial vehicle type segment is projected to advance at a CAGR of 6.8% through the forecast period.
    The powertrain segment by component type category is likely to dominate the automotive OEM market, with a market valuation surpassing US$ 439.67 Billion by 2033.
    The United States automotive OEM market is projected to advance at a moderate pace registering a CAGR of 6.6% during 2023-2033.
    “Demand and production of high-performance cars are projected to curate lucrative growth prospects for advancement of the industry through the foreseen years.” – Says an FMI Analyst.

    Competitive Landscape in the Automotive OEM Market

    Due to the existence of numerous international and regional companies, the market for automotive OEMs is very competitive. To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world. Therefore, the market is projected to register significant growth through the forecast period.

    Some of the key companies in the market are

    Toyota Motor Corporation.
    Volkswagen AG.
    Nissan.
    Honda Motor Co.
    Magna International Inc.
    Continental AG.
    CIE automotive.
    Siemens.
    BMW AG.
    Exide Industries limited.
    Denso Corp.
    Robert Bosch, GMbH.
    Valeo
    Aptiv
    Ford Motor Company.
    Mitsubishi Motors Corp.
    Recent Developments

    Recently, the 3M collision repair application was launched by the 3M company, which is an application tool for mobiles. It is identified to help with the expert technical support provided by the shop technicians and the personnel for distributor sales.
    In July 2021, MasterBeat Corporation announced that its JTEC Autoworld launched the Amazon retail segment of its online automotive parts platform. JTEC has a plan of utilizing Amazon and several other e-commerce platforms for accelerating the sales and marketing of automotive OEM products.
    Two Indian Companies, Mahindra and Mahindra Tata Motors have increased their market share by about 5% in the Indian market, one in every five cars is made by these Indian OEMs, which are sold in India.
    Key Segments in the Automotive OEM Market

    By Components:

    Powertrain
    Chassis
    Electronics and Electrical
    External Body
    Car Interiors
    By Vehicle Type:

    Commercial vehicles
    Passenger cars
    Electric cars
    By Distribution Channel:

    Retailers
    Wholesalers
    Distributors
    As per the reports published by FMI, the global automotive OEM market demand is projected to have an average-paced CAGR of 4.17% during the forecast period. The current valuation of the market is US$ 35.16 Billion in 2023. The market value of the automotive OEM market is anticipated to surpass a market valuation of US$ 52.90 Billion by the year 2033. A historical market valuation of US$ 32.4 Billion has been recorded by the analysts of Future Market Insights for the concerned market during the base year. It is analyzed by the experts that demand for a large number of commercial and passenger vehicles is a major contributor to the expanding market size of automotive OEMs. Consumers are becoming more aware of their safety while traveling and this aspect is fueling the demand for automotive OEM products in 2023. There are several technological advances made by manufacturers to gain an upper hand in the market. The rise in disposable income across developing economies is resulting in increased spending on personal vehicles, simultaneously fueling the market growth of automotive OEMs. However, the high cost of automotive OEM products is a crucial factor impeding the growth of the industry. Furthermore, the prevalence of counterfeit automotive OEM products is estimated to challenge the expansion of the market through 2033. For more information: https://www.futuremarketinsights.com/reports/automotive-oem-market Key Takeaways from the Automotive OEM Market The automotive OEM market is estimated to surpass a valuation of US$ 52.90 Billion by the end of the projection period. An approximate surge of US$ 2.76 Billion has been witnessed from the base year to the current year in the automotive OEM market. The commercial vehicle type segment is projected to advance at a CAGR of 6.8% through the forecast period. The powertrain segment by component type category is likely to dominate the automotive OEM market, with a market valuation surpassing US$ 439.67 Billion by 2033. The United States automotive OEM market is projected to advance at a moderate pace registering a CAGR of 6.6% during 2023-2033. “Demand and production of high-performance cars are projected to curate lucrative growth prospects for advancement of the industry through the foreseen years.” – Says an FMI Analyst. Competitive Landscape in the Automotive OEM Market Due to the existence of numerous international and regional companies, the market for automotive OEMs is very competitive. To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world. Therefore, the market is projected to register significant growth through the forecast period. Some of the key companies in the market are Toyota Motor Corporation. Volkswagen AG. Nissan. Honda Motor Co. Magna International Inc. Continental AG. CIE automotive. Siemens. BMW AG. Exide Industries limited. Denso Corp. Robert Bosch, GMbH. Valeo Aptiv Ford Motor Company. Mitsubishi Motors Corp. Recent Developments Recently, the 3M collision repair application was launched by the 3M company, which is an application tool for mobiles. It is identified to help with the expert technical support provided by the shop technicians and the personnel for distributor sales. In July 2021, MasterBeat Corporation announced that its JTEC Autoworld launched the Amazon retail segment of its online automotive parts platform. JTEC has a plan of utilizing Amazon and several other e-commerce platforms for accelerating the sales and marketing of automotive OEM products. Two Indian Companies, Mahindra and Mahindra Tata Motors have increased their market share by about 5% in the Indian market, one in every five cars is made by these Indian OEMs, which are sold in India. Key Segments in the Automotive OEM Market By Components: Powertrain Chassis Electronics and Electrical External Body Car Interiors By Vehicle Type: Commercial vehicles Passenger cars Electric cars By Distribution Channel: Retailers Wholesalers Distributors
    WWW.FUTUREMARKETINSIGHTS.COM
    Automotive OEM Market
    Global Automotive OEM market is projected to have an average-paced CAGR of 4.17% during the forecast period. The current valuation of the market is US$ 35.16 Billion in 2023.
    0 Comments 0 Shares 246 Views
  • According to Future Market Insights' most recent market estimate, the automotive DC-DC converter market size is worth US$ 782.4 million in 2023. A CAGR of 33.4% is anticipated in the market during the forecast period.

    The automotive DC-DC converter market is anticipated to soar to new heights as a result of rising fuel prices and the growing trend toward electric automobiles. These vehicles are popular on the market since they help cut down on vehicle emissions.

    The demand for high-performance, low-emission vehicles is rising, and government regulations on vehicle emissions are becoming more stringent. These factors are some of the factors driving the sales of automotive DC-DC converter.

    Automotive DC-DC converter manufacturers have been forced to expand their selection of products as a result of the increase in sales of commercial vehicles. For instance, Ford created a pickup truck that is all electric and is predicted to have a 300-mile operating range.

    Ford had initially planned to develop a hybrid powertrain, but the company has now changed its mind and now prefers a fully electric truck. The F-150 electrified went on sale in 2022. The expansion of the automotive DC-DC converter market is attributed to the growing electrification of the automotive industry across all geographies and countries.

    Sales of electric vehicles surged significantly during the pandemic, despite the fact that the automobile industry faced major difficulties during that time. Due to the technologically superior, environmentally friendly components that are included in electric vehicles, their initial cost is more than that of gasoline-powered engines, but their ongoing costs are cheaper.

    Moreover, the Asia-Pacific region is predicted to have a significant share of the market throughout the forecast period due to expanding vehicle production and the growing focus that major governments are putting to the electrification of vehicles.

    For more information:
    https://www.futuremarketinsights.com/reports/automotive-dc-dc-converter-market
    Key Takeaways

    The automotive DC-DC converter market is likely to have a CAGR of 33.4% during the forecast period.
    Historically, the automotive DC-DC converter market had a CAGR of 22.8% between 2018-2022.
    The value of the automotive DC-DC converter market is expected to be US$ 13,962.9 million by 2033.
    Based on propulsion type, the PHEV segment has a 64.1% share in the automotive DC-DC converter
    The US dominates the automotive DC-DC converter market with a share of 12.9% by 2033.
    During the forecast period, the automotive DC-DC converter market in China is likely to showcase a CAGR of 26%.
    Competitive Landscape

    Automotive DC-DC converter vendors who rely heavily on established markets for their sales must successfully reinvent their product lines in order to ensure low environmental impact and well-designed digital features.

    Some of the major key players in the market are Robert Bosch GmbH, Denso Corporation, Toyota Industries Corporation, Delta Electronics, Continental AG, Tesla, Hella GmbH & Co. KGaA, Hyundai, Honda, BorgWarner Inc, Ford, and Vicor Corporation.

    Recent Developments in the Market

    In May 2021, TDK Corporation (TDK) declared a partnership with Contemporary Amperex Technology Co, Limited (CATL) to broaden its product lines, which now include DC-DC converters and electrical parts for electric vehicles. CATL purchases products from TDK in the automotive electrical and power supply categories for use in automotive power units.
    With the introduction of a new DC/DC converter by Vitesco Technologies in February 2021, high-voltage vehicles can now also provide energy to the heating discs of the electrically heated EMICAT catalyst.
    The unique e-catalyst offers the lowest emissions during actual operation, which is increasingly important in light of upcoming requirements like Euro 7.
    Now, a newly developed DC/DC converter transforms the high voltage of the drive system into low voltage and power for the heating disc.
    Key segments

    By Vehicle Type:

    Commercial Vehicles
    Passenger vehicles
    By Propulsion Type:

    Battery Electric Vehicle (BEV)
    Fuel Cell Electric Vehicle (FCEV)
    Plug-in Hybrid Vehicle (PHEV)
    According to Future Market Insights' most recent market estimate, the automotive DC-DC converter market size is worth US$ 782.4 million in 2023. A CAGR of 33.4% is anticipated in the market during the forecast period. The automotive DC-DC converter market is anticipated to soar to new heights as a result of rising fuel prices and the growing trend toward electric automobiles. These vehicles are popular on the market since they help cut down on vehicle emissions. The demand for high-performance, low-emission vehicles is rising, and government regulations on vehicle emissions are becoming more stringent. These factors are some of the factors driving the sales of automotive DC-DC converter. Automotive DC-DC converter manufacturers have been forced to expand their selection of products as a result of the increase in sales of commercial vehicles. For instance, Ford created a pickup truck that is all electric and is predicted to have a 300-mile operating range. Ford had initially planned to develop a hybrid powertrain, but the company has now changed its mind and now prefers a fully electric truck. The F-150 electrified went on sale in 2022. The expansion of the automotive DC-DC converter market is attributed to the growing electrification of the automotive industry across all geographies and countries. Sales of electric vehicles surged significantly during the pandemic, despite the fact that the automobile industry faced major difficulties during that time. Due to the technologically superior, environmentally friendly components that are included in electric vehicles, their initial cost is more than that of gasoline-powered engines, but their ongoing costs are cheaper. Moreover, the Asia-Pacific region is predicted to have a significant share of the market throughout the forecast period due to expanding vehicle production and the growing focus that major governments are putting to the electrification of vehicles. For more information: https://www.futuremarketinsights.com/reports/automotive-dc-dc-converter-market Key Takeaways The automotive DC-DC converter market is likely to have a CAGR of 33.4% during the forecast period. Historically, the automotive DC-DC converter market had a CAGR of 22.8% between 2018-2022. The value of the automotive DC-DC converter market is expected to be US$ 13,962.9 million by 2033. Based on propulsion type, the PHEV segment has a 64.1% share in the automotive DC-DC converter The US dominates the automotive DC-DC converter market with a share of 12.9% by 2033. During the forecast period, the automotive DC-DC converter market in China is likely to showcase a CAGR of 26%. Competitive Landscape Automotive DC-DC converter vendors who rely heavily on established markets for their sales must successfully reinvent their product lines in order to ensure low environmental impact and well-designed digital features. Some of the major key players in the market are Robert Bosch GmbH, Denso Corporation, Toyota Industries Corporation, Delta Electronics, Continental AG, Tesla, Hella GmbH & Co. KGaA, Hyundai, Honda, BorgWarner Inc, Ford, and Vicor Corporation. Recent Developments in the Market In May 2021, TDK Corporation (TDK) declared a partnership with Contemporary Amperex Technology Co, Limited (CATL) to broaden its product lines, which now include DC-DC converters and electrical parts for electric vehicles. CATL purchases products from TDK in the automotive electrical and power supply categories for use in automotive power units. With the introduction of a new DC/DC converter by Vitesco Technologies in February 2021, high-voltage vehicles can now also provide energy to the heating discs of the electrically heated EMICAT catalyst. The unique e-catalyst offers the lowest emissions during actual operation, which is increasingly important in light of upcoming requirements like Euro 7. Now, a newly developed DC/DC converter transforms the high voltage of the drive system into low voltage and power for the heating disc. Key segments By Vehicle Type: Commercial Vehicles Passenger vehicles By Propulsion Type: Battery Electric Vehicle (BEV) Fuel Cell Electric Vehicle (FCEV) Plug-in Hybrid Vehicle (PHEV)
    WWW.FUTUREMARKETINSIGHTS.COM
    Automotive DC-DC Converter Market
    Global Automotive DC-DC Converter market is expected to expand from US$ 782.4 million in 2023 to US$ 13,962.9 million by 2033.
    0 Comments 0 Shares 215 Views
More Results