Market Research Report Analysis

20 February 2020 - The global Automotive Catalytic Converter Market size was valued at USD 111.00 billion in 2014 and is projected to reach USD 272.95 billion by 2024. The growth can be attributed to strict government and institutional norms applied for emission control, rapidly growing automobile industry, evident environmental impact caused by automobile emissions and advancements in the product technology. Catalytic converters a component used in automobiles to convert harmful emissions comprising carbon monoxide, nitrogen oxide, and hydrocarbons into less harmful gases such as carbon dioxide, nitrogen or water. Generally, the product consisting of a core made up of a ceramic honeycomb structure coated with the catalyst metal is installed in the emission mechanism of the vehicle.       Stringent regulations imposed in several North American and European countries mandating the use of converters in all vehicles are expected to elevate their demand. Growing...

14 February 2020 - The global Automotive Noise Vibration and Harshness (NVH) Materials Market size was estimated at USD 8.02 billion in 2015 and is expected to reach USD 13.09 billion by 2025. This market can be directly linked to the increased demand for automotive. Asia Pacific captures approximately more than 50% of the global automotive NVH materials which leads to huge growth in demand for cars in China, South Korea, India and other Asia Pacific countries. The expected rises in investments in this sector followed by rise in standard of living are some other key factors for the growth in this sector. Influences in buying decision, boom in automotive industry are the other secondary factors which are expected to directly impact the growth in this sector. The entire market for automotive NVH materials is segmented based on applications, material types, vehicles types, region, forecast revenue growth, and analysis of trends in each of the sub markets. The application segment ...

20 January 2020 - Global Emission Control Catalyst Market size was 1,978 kilo tons in 2015. Rising awareness towards reduction of carbon footprints along with stringent norms implemented by government towards reduction of harmful pollutants from industries and automotive combustion will create substantial demand for these catalyst in the near future.               Emission control catalyst are designed to breakdown harmful particles which are generated inside exhaust system of automotive engines and industrial machinery. Rising number of installation of catalytic converter by major automotive players including BMW, General Motors, Volkswagen and Ford Motors will create immense market potential over the forecast period. View Full Report with TOC @ https://www.millioninsights.com/industry-reports/emission-control-catalyst-market Increasing automobile production in developing countries including China, India, Mexico and Iran will in...

10 January 2020 - The Global Automotive Thermal Systems Market is expected to display higher growth rate over the coming years. Rapid surge in automotive thermal system market is credited to the robust growth automotive industry in North America and Asia pacific region. Rising of sports, utility, and luxury vehicles is anticipated to boost market growth over the forecast period. Increasing demand from heavy-duty vehicles that increasingly utilized for farming & building activities coupled with rising population levels across the globe are expected to foster market demand in the near future.            Growing competition in automotive sector with substantial increase in the number of automotive original equipment manufacturers (OEMs), dealers and additional stakeholders inside the supply chain are anticipated to drive market growth in the upcoming years. Furthermore, rising demand for luxury and high-tech vehicles is expected to propel the...

27 December 2019 - The Global Jump Starter Market is expected to display higher growth rate over the upcoming years. Rapid surge in the market is credited to the rising demand from automotive sector and increasing number of vehicle sales. Jump starters are typically used for lithium ion and lithium acid battery types. Vehicle jump starter are frequently required in bad weather conditions or instances where the driver or passenger is in a stranded area. Vehicle jump starter assists in recharging the battery, by giving a boost to the battery. Globally, market is predicted to generate massive revenue over forecast period, providing numerous opportunities for industry participants to invest in research and development of jump starters.          Rise in the number of vehicle sales is the key market trend associated with jump starter market over the forecast period. Typical application of automobiles boosts a discharged or dead battery through a transien...

20 December 2019 - The Global Automobile Door Locks Market is expected to display higher growth rate over the next five years. Rapid surge in the market is credited to the soaring demand for application-based technologies and multi-feature authentication methods for automobile safety & security. Factors responsible for sustained market growth, in the recent years, include large number of production lines in automotive manufacturing from Asia Pacific region and rising number of vehicles sales each year across the globe. Globally, market is predicted to generate massive revenue over the next five years, providing numerous opportunities for industry participants to invest in research and development of automobile door locks market.            Additionally, increasing investment by leading industry players to promote adoption of advanced vehicle security systems is expected drive the growth of the market over the forecast period. Prevalence of...

3 December 2019 - Global Diesel Fuel Injection Systems Market is expected to witness substantial growth in the forecast period owing to the growth in sales of automobile segment. Diesel fuel injection system supplies fuel into engine cylinders. It accurately controls the injection timing, atomization of the fuel, and other parameters associated with fuel injection. Different types of injection systems are available depending on the requirement. The most enhanced injection systems potentially reach high injection pressures and use mature electronic control techniques.            The key drivers of diesel fuel injection systems market include rise in technological advancements for improving fuel efficiency and economy of the engine, increase in spending power of consumers, increase in demand for automobile and improving standard of living on the global scale. Furthermore, capability of diesel fuel injection systems to adapt with other fuel neces...

27 November 2019 - The Global Steel Wheel Market is expected to grow during the forecast period. It is a common practice in passenger cars to use rims that come with a drop-centre design. The purpose of drop centre enables the wheel rim to come in and out of the wheel hence it is necessary for wheels to be robust to carry the entire mass of the vehicle and sustain extreme weather conditions. The wheel centre must encompass the wheel rim at the centre of the axle. It should also provide a standard distance from the wheel’s centre to sustain the turbulence caused due to rotational motion.             The steel wheel aka wheel rim must also be under proper dimensions to support the tyre with a loaded vehicle and the forces generated by the vehicle’s motion. On inflating the tyre, the rim holds the tyre and enables safety. In any event of deflation, the safety ridges prevent the tyre from losing its centre position. This further helps in maintaini...

6 November 2019 - Global Automotive LED Lighting Market is expected to grow at a significant CAGR of 20.64% in the upcoming period as the scope and its applications are rising enormously across the globe. Automotive LED lighting is an important part of modern automobiles that give an unmistakable modern look. It provides superior functionality and comfortable ambiance in the vehicle. This two-lead semiconductor light source allows pedestrians and drivers to see a vehicle presence, the direction of travel, position, the speed of travel, and the size of the vehicle.             The factors that are playing a major role in the growth of automotive LED lighting market are growing sales of automotive vehicles, increasing concern regarding energy efficiency, cost-efficient lighting, and growing demand for lightweight vehicles. However, strict government policy against use of xenon and halogen light may restrain overall market growth in the years to ...