Electric Vehicle Market: Future Forecast Indicates Impressive Growth Rate

The global electric vehicle market is on the verge of a making a gigantic leap as product innovations, sustainable initiatives, and consumer demand comes together to create tremendous futuristic prospects. According to International Energy Agency (IEA), electric vehicles will make 40% of all passenger vehicles by 2040. The estimation may not be surprising to most as electric vehicle makers like Tesla have already made foray into new areas like trucks for off-road transportation, and urban transportation demands like taxis. Moreover, Chinese electric bus markers have won promising contracts in Europe, wherein electric bus adoption is on a significant rise. Moreover, demand for electric vehicle is promising for global manufacturers of vehicles.

Global Electric Vehicle Market: Notable Developments

As part of Faster Adoption and Manufacturing of (Hybrid) and Electric Vehicles (FAME), the Indian government has announced acquisition of 7,000 electric buses, 55K four-whellers, and 10,00,000 two-wheelers. The Indian government will spend over $1.4 bn to acquire vehicles that operate on lithium-ion batteries, and/or on electric power trains. The investment proposed in October 2019, will take over place over next three years, till 2022.

The share of electric vehicles surged to 42% of all new sales in Norway in 2019. The year really turned electric for Tesla in the country, wherein positive incentives for electric adoption continue to drive growth for the company with shares rising to 42% from 31% in 2018. The company sold a total of 18,798 cars in the country, with its model 3 noting the highest registrations.

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According to China Passenger Car Association, over 20.7 million passenger vehicles were sold in China in 2018. China, the biggest market for automobiles witnessed a worrying 7.4% drop in sales during 2019. This drop came on mostly on the back government’s plans to reduce incentives for electric vehicles for consumers. Consumers flocked to buy electric vehicles throughout the year resulting in 5.1% increase in the beginning year. However, as soon as the subsidies were removed, it resulted in lower sales for six-consecutive months.

Global Electric Vehicle Market: Drivers and Restraints

The electric vehicles laden with connected entertainment systems, sensors, and automation have sparked new interest among consumers. The global auto market is witnessing a held-back demand from many consumers as the horizon clearly points towards adoption of electric vehicle by 2025. Globally, the mandate for Zero Emission Vehicle dictates that the vehicle should make up 10% of total sales by 2025. With the likes of Mercedes Benz, Toyota, GE, and BMW lining up new models, the adoption of electric vehicle will likely be higher even without the government push.

Global electric vehicle market promises significant growth as concerns for sustainable growth rise around the world. Governments around the world have pushed respective industries to manufacture, and innovate with advanced electric models. The rising demand from consumers, and public entities alike is a major positive for the government. At first, the adoption of electric vehicle will witness highest growth in public transportation with muncipalties like Glasgow, New York, Shanghai, and Delhi making notable acquisitions to expand scope of electric vehicles. The rising scale of economies for electric vehicle manufacturers will eventually drive growth of the electric vehicles in the near future.

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Global Electric Vehicle Market: Geographical Analysis

The global electric vehicle market report will cover all regions including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these, the North America region will witness major growth as the research and development in the region has made way for significant uptakes in infrastructure, costs, and product innovation. Moreover, conventional investment in electric infrastructure in Scandinavian countries are expected to drive growth of electric vehicles in Europe. Despite tremendous innovation among Chinese electric vehicle makers, their reliance on subsidies in a concern in the domestic market. However, Chinese electric vehicle makers are witnessing a major adoption of their electric buses in Europe, and in the US as well, wherein they present lucrative opportunities due to cost-effectiveness.

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Automotive Lift Market Reviewed in a New Study

Surface mounted ground type lifts are used mostly in automotive manufacturing plants, garages, and other servicing centers. Several types of lifts are employed according to application; however, two-post surface mounted lifts are highly popular among several end-users. Automotive lifts are driven mechanically, hydraulically, or electronically. They provide strong support and offer reliable solutions during vehicle servicing.

Increased number of on-road vehicles and demand for automotive garages is projected to fuel the demand for automotive lift at a rapid pace during the forecast period. Likewise, growing production of passenger cars and commercial cars across the globe, owing to increase in per capita income, lower interest rates, and strong demand from consumers, is anticipated to drive the automotive lift market during the forecast period. Garage owners are opting for automotive lifts in order to enhance car servicing provided by them. Furthermore, increase in number of independent and OEM based garages is anticipated to boost the automotive lift market during the forecast period.

The global automotive lift market can be segmented based on type, material, end-use, lifting capacity, and region. Different types of automotive lifts are available which use according to their specific applications. Based on type, the automotive lift market can be classified into two-post lift, four-post lift, in-ground lift, and others. Two-post lifts are highly popular type of lift and hence, the segment is anticipated to hold a major share of the automotive lift market. Most independent garages employ two-post lifts, which offer good flexibility in work stations and they can be operated mechanically, hydraulically, or electronically. Two-post lifts are come with different load carrying capacities with at a lower price, as compared to other types of lifts.

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Based on end-use, the automotive lift market can be bifurcated into OEM-based garages and independent garages. OEMs are undertaking aggressive steps as well as investing heavily in their service stations in order to provide better service facility and capture the aftermarket business. This, in turn, is anticipated to drive the automotive lift market during the forecast period.

The automotive lift market can be segregated into load carrying capacity in which different capacity automotive lifts are manufacture by considering the applications. In terms of load capacity, the automotive lift market can be segregated into 4000-9000 lbs, 9000-12000 lbs, 12000-15000 lbs, and others.

In terms of region, the automotive lift market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific holds a major share of the global market owing to the presence of several independent garages and OEM garages. Furthermore, rise in sales of passenger vehicles, due to demand from consumers.  Several factors such as increase in per capita income, and availability of low cost vehicle models propelling the car sales in the region. Likewise, the market in North America and Europe is expanding at a steady pace. Presence of several independent garages in Europe and North America is boosting the automotive lift market in these regions.

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Key players operating in the automotive lift market include ARI-HETRA, AUTOPSTENHOJ, BendPak Inc., CASCOS MAQUINARIA, S.A., Challenger Lifts, Dannmar Equipment, Guangzhou Gaochang Hydraulic Technology Co., Ltd, Hunter Engineering Company, and HYWEMA.

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Automotive Air Intake Silencer Market to 2030 - Share, Trends, Investments, and Competition

 

• Automotive air intake silencer is designed to increase vehicle efficiency and enhance vehicle performance. Introduction of air during the combustion process helps improve the engine efficiency and also enhance efficiency of the fuel. This is likely to propel the automotive air intake silencer market across the globe.
• An air intake silencer helps reduce the exhaust noise emitting from the vehicle, which is anticipated to boost the automotive air intake silencer market across the globe. Enactment of stringent emission norms across the globe to reduce pollution is estimated to propel the automotive air intake silencer market across the globe.

Key Drivers of Automotive Air Intake Silencer Market

• Rise in demand for high performance vehicles is offering opportunities to improve vehicle engine efficiency. Rise in disposable income and reduction in tax rates on passenger and commercial vehicles due to the coronavirus pandemic are prompting consumers to own vehicles. Rise in consumer preference for high-power engines and fuel-efficient vehicles is estimated to boost the automotive air intake silencer market across the globe.

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Rise in government initiatives for the reduction of vehicle emission across North America and Europe is projected to fuel the use of air intake silencer in vehicles across these regions, which in turn is likely to boost the automotive air intake silencer market in these regions. Major original equipment manufacturers are introducing lightweight vehicles to increase vehicle fuel-efficiency and are also trying to reduce the exhaust noise coming from the vehicles, which further propels the global automotive air intake silencer market.

Europe & Asia Pacific to hold significant share of global Automotive Air Intake Silencer Market

• Europe is projected to account for a significant share of the global automotive air intake silencer market due to stringent rules and regulations regarding vehicle emission norms enacted across the region. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers who have major facilities that undertake research & development regarding the air intake silencers, which is likely to propel the automotive air intake silencer market across the globe.
• Followed by Europe, Asia Pacific is projected to account a significant share of the global automotive air intake silencer market due to an increase in sale of vehicles across the region. Rising demand for fuel-efficient vehicles across Asia Pacific is likely to drive the automotive air intake silencer market in the region.

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Key Players Operating in Automotive Air Intake Silencer Market

The global automotive air intake silencer market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the automotive air intake silencer market are:

• CK Holdings Co. Ltd
• Calsonic Kansei Corporation
• Magneti Marelli SpA
• Fiat Chrysler Automobile N.V.
• Katcon
• Bosal
• Industrial & Marine Silencer Ltd
• AXCES BV
• MANN+HUMMEL
• Exair Corporation
• Porex

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Automotive Power Transfer Unit Market is Moving towards with Tremendous Growth by 2030

 

• The automotive transfer case is a unit of gears that distributes the power between front and rear axle of an all-wheel drive (AWD) or a four-wheel drive (4WD) vehicle. In the all-wheel drive mode, the transfer case distributes torque among all the four wheels of a vehicle and if one wheel loses traction, higher torque goes to the wheel with less traction.
• The power transfer unit is usually made of cast iron or cast aluminum, and the assembly consists of a planetary gear unit. The gear unit transfers power from the transmission to the front and rear axles of vehicles through drive shafts.

Key drivers of automotive power transfer unit market

• Increased penetration of utility vehicles across the globe is anticipated to offer significant opportunity to the automotive power transfer unit market. Increasing consumer trends toward luxury and comfort vehicles has prompted automakers to develop vehicles with large cabin space, enhanced ride handling, and better fuel economy, which has led to an increase in sale of the utility vehicles across the globe. Majority of utility vehicle manufacturers focus on increasing power delivery and maintaining vehicle efficiency of vehicles, which in turn offers sizable opportunity for players operating in the automotive power transfer unit market.
• Stringent regulations pertaining to vehicle emissions are expected to propel the global automotive power transfer unit market. Automakers are continuously investing in vehicle technologies to reduce the amount of fuel consumption, leading to higher efficiency and lesser vehicle emissions. For instance, in March 2017, American Axle & Manufacturing, Inc. (AAM) announced the launch of QUANTUM driveline technology. This technology is can be adopted in a wide range of vehicles types such as passenger vehicles and commercial vehicles. Additionally, the new technology is lightweight, possesses enhanced power density, improved noise vibration and harshness (NVH) resistance, and improves fuel efficiency. This technology can enhance fuel efficiency by 1% to 1.5%.

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Automotive Power Transfer Unit Market: Restraint

• Automotive power transfer cases are not utilized in two-wheel drive vehicles. Therefore, the automotive transfer case witnesses low adoption in two-wheel drive vehicles including entry level segments, hatchbacks, and compact vehicles. This, in turn, is anticipated to hinder the global automotive power transfer unit market.

Asia Pacific to account for major share of global automotive power transfer unit market

• In terms of region, the global automotive power transfer unit market can be segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa
• Asia Pacific is estimated to lead the of the automotive power transfer unit market during the forecast period owing to increase in focus of automakers on producing high performance SUVs, which are equipped with 4WD or AWD to enhance safety and comfort. Additionally, high demand for passenger vehicles and rise in demand for SUVs (sport utility vehicles) is further propelling the global automotive power transfer unit market in Asia Pacific.

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Key Players Operating in Automotive Power Transfer Unit Market

The global automotive power transfer unit market is highly concentrated due to the presence of top manufacturers. A few players operating in the automotive power transfer unit market are:

• American Axle & Manufacturing, Inc.
• GKN Automotive (GKN Plc)
• Eaton
• ZF Friedrichshafen
• Magna International
• BorgWarner
• Schaeffler AG

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Air Springs Market - Growth Insight and Healthy CAGR in the Upcoming Forecast 2030

In the automotive industry, the use of air suspension system is extensive and this has substantially increased the demand for air springs in the sector. Besides, the changing conditions of terrain and increased user demand for effortless and convenient driving is anticipated to trigger sales of air springs. This factor is likely to support growth of the global air springs market over the timeframe of analysis, from 2020 to 2030.

The growth of the global air springs market is expected to be driven by the aftermarket part of the business as well. After a pre-determined range of driving, it is essential to replace the air springs, which is likely to augur well for the market in the years to come. In addition, several technological developments have brought in new composites and designs that are to be utilized in air springs. These developments are expected to open up new growth avenues for the global air springs market in the years to come. Air springs are being utilized in various heavy-duty vehicle suspension systems for almost a century. In these applications, compressed air needed for braking system is utilized to prove to be useful in these applications. Such multiple uses of the product is likely to support growth of the global air springs market over the tenure of assessment, from 2020 to 2030. These springs offer extra comfort and improve the overall quality of the ride.

Product type, end user, and region are the three important parameters based on which the global air springs market has been classified.

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Global Air springs Market: Notable Developments

One of the important market developments that give a quick view of the dynamics pertaining to the global air springs market is mentioned as below:

• In October 2019, Germany-based Continental AG introduced a lightweight air spring that is capable of diminishing the weight of conventional vehicle by 15 kgs. It is considered as the latest technological breakthrough by the company.

Some of the prominent organizations in the global air springs market comprise the below-mentioned:

• Firestone Industrial Products Company, LLC
• Continental AG
• Dunlop Systems and components
• Hendrickson USA, L.L.C.
• Tata AutoComp Systems Ltd
• VDL Weweler-Colaert nv

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Global Air springs Market: Key Trends

The global air springs market is characterized by the presence of the following restraints, drivers, and opportunities.

Increased Use of Trucks in Various Trading Activities to Fuel Demand in the Market

There has been a steady rise in the manufacturing of commercial vehicles all over the world. This rise in production of vehicles is fuelled by trading activities that involve transportation of goods. Furthermore, these business activities are increasingly opting for local transport systems due to economic viability. The increase in the production of commercial vehicles, especially in rapidly developing parts of the world is anticipated to encourage growth of the global air springs market over the timeframe of analysis, from 2020 to 2030.

Trucks account for a sizeable chunk of the total demand for air springs generated worldwide. Truck racing has recently gathered much attention and is gradually gaining popularity, which has prompted leading truck companies to make investment in truck racing championships. These racing trucks require improved safety features that enable integration of air spring suspensions, thereby driving the growth of the global air springs market in the years to come. In a bid to facilitate better performance of racing trucks, investment are being made to develop improved and technologically advanced air springs.

Global Air springs Market: Geographical Analysis

In the global air springs market, North America is likely to account for a considerable chunk of the market revenue and share. The dominance of the region is expected to continue throughout the period of assessment due to the rising demand for trucks in various trading activities. Furthermore, rise in disposable income of the people is estimated emerge as growth factor for the market in the North America.

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Coffee Grinder Market SWOT Analysis by Improvement from 2020-2028

The global coffee grinder market is pegged to expand at stupendous rate during the forecast period of 2019 to 2028. Increased demand for coffee grinders from all worldwide locations is one of the key reasons stimulating market growth. Coffee grinder is also known as a coffeemaker, which is an electronic cooking appliance that can prepare coffee automatically. The global coffee grinder market is growing on the back of rising demand for personalized products as per the need of end-users.

An upcoming research report from TMR on the coffee grinder market is intended to provide complete study of vital elements supporting or obstructing market growth. Apart from this, the report offers dependable data on various key factors such as volume, share, revenues, key players, and potential growth avenues in the market for coffee grinder. Thus, the report covers all helpful insights of the coffee grinder market for the forecast period of 2019 to 2028.

The global coffee grinder market is segmented on the basis of various key factors such as product type, machine type, price range, end-user industry, and region. Based on machine type, the market for coffee grinder is classified into semi-automatic coffee grinder, fully automatic coffee grinder, and super automatic coffee grinder.

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Global Coffee Grinder Market: Growth Dynamics

Many players in the global coffee grinder market are focused on offering superior quality products. This move is gaining popularity among gamut of end-user industries including hotel, institutional, restaurant, and café. At the same time, the factor of cost-effectiveness is encouraging gamut of people from the world to purchase these coffee grinders for residential purposes as well. All these factors signify that the global coffee grinder market will expand at prodigious rate during forthcoming years.

Global Coffee Grinder Market: Notable Development and Competitive Analysis

The global coffee grinder market is fairly fragmented in nature. Presence of a wide number of international as well as local players suggests that the competitive landscape of the market for coffee grinder is extremely intense. Several enterprises working in the coffee grinder market are pouring efforts to gain the traction of their end-users. To achieve this motive, they are growing research and development activities. Many players offer coffee grinders in a wide range of shapes and sizes. This move helps them to cater to the needs of variety of customers. All these activities are fueling the growth of the global coffee grinder market.

The list of key players in the global coffee grinder market includes:

• KitchenAid
• Baratza
• Capresso
• Coffee
• Cuisinart
• BLACK+DECKER
• Hamilton Beach
• Gourmia, Inc.
• Quiseen

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Global Coffee Grinder Market: Regional Assessment

The global coffee grinder market is spread across seven key regions, namely, Latin America, North America, CIS and Russia, Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East and Africa (MEA). Of them, Europe is one of the dominating regions in the market for coffee grinder. Key reason for this dominance is efforts of vendors working in this market to make their products energy efficient. At the same time, they are making products that help in minimizing GHG (Greenhouse gas) emission. This move is assisting enterprises in the coffee grinder market to comply with the regulations drafted by European Government regarding household appliances. This scenario demonstrates that the market for coffee grinder will show prodigious growth in the upcoming period.

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Anti-Slip Tiles Market In-Depth Analysis & Forecast 2019 to 2027

 

• Anti-slip tiles offer friction between human foot and flooring surface to avoid slippage accidents. Anti-slip tiles are also referred to as anti-skid tiles.
• Anti-slip tiles are primarily used in heavy foot traffic areas and damp environments, such as kitchen, bathroom, courtyard/backyard, garden floor/outdoors, swimming pool, gym, commercial office stair & lobby, and manufacturing & processing industry premises 
• Commercial tile manufacturers have developed new techniques of applying anti-slip coatings to installed tiles in order to enhance its anti-slip property
• Increase in infant and elderly population and rise in floor slips falls resulting in injury-related deaths have driven homeowners to install anti-slip tiles. This factor is anticipated to drive the global anti-slip tiles market.

High Demand for Anti-Slip Tiles in Manufacturing and Processing Industries to Drive the Global Anti-Slip Tiles Market

• In terms of end-use industry, the global anti-slip tiles market can be segregated into residential, commercial, and industrial. The residential segment is estimated to account for a major share of the global anti-slip tiles market in the near future.
• Floor slippage accidents account for 30% of the total industry accidents in the world. In order to counter these issues and improve safety, there are numerous regulations that instruct manufacturers and processors to maintain the specified coefficient of friction (COF) for industrial floorings.
• High degree of COF is observed in anti-slip tiles that comply with American National Standards Institute (ANSI) and National Floor Safety Institute (NFSI) standards and are widely installed in manufacturing and processing industries 
• Industrial workplace fluid spills and employee slippage rate is observed to be higher in food & beverages, chemical, pharmaceutical, and petrochemical industries. Increase in adoption rate of anti-slip tiles in these manufacturing and processing industries is anticipated to boost the growth of the global anti-slip tiles market.

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Increase in Demand for Anti-Slip Tiles in Residential Applications

• Anti-slip tiles are primarily used in residential buildings in kitchen, bathrooms, living room, garden outdoors, and parking spaces. Tiles that are installed in residential buildings are manufactured using distinct materials, such as ceramic, porcelain, PVC, and polyurethanes.
• Anti-slip tiles offer high slip resistance that prevent major accidents in damp environments, such as kitchen and bathrooms. These tiles provide excellent durable and scratch resistance that enhance their durability. Anti-slip tiles incur low maintenance cost and are cost effective as compared to other alternative substitutes.
• Demand for anti-slip tiles in kitchen, bathroom, living room, garden outdoors, and parking spaces is expected to increase in the near future, owing to their safety, low cost and maintenance, durability, and aesthetical characteristics.
• Anti-slip tiles are extensively employed in kitchens and bathrooms, as they offer impressive designs, themes, shapes, sizes, and comfort. Furthermore, rise in the standard of living and increase in demand for anti-slip tiles for design and aesthetic purposes are estimated to boost the demand for anti-slip tiles.

Asia Pacific Leads Global Anti-Slip Tiles Market

• Geographically, the global anti-slip tiles market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).
• Asia Pacific accounted for a major share of the global anti-slip tiles market in 2018 due to the presence of large residential and commercial consumer base in the region
• This market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to rise in the standard of living of people in countries, such as China and India, and those in the ASEAN region.

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Advent and emergence of anti-slip tile production techniques are likely to offer an drive their production in Asia Pacific

• Increase in adoption of anti-slip tiles for outdoor areas in residential buildings and for aesthetic purpose in the commercial industry in Asia Pacific is anticipated to drive the anti-slip tiles market in the region during the forecast period
• Production capacity expansions by manufacturers of anti-slip tiles in China and India are likely to boost the demand for anti-slip tiles in the near future
• Large manufacturing and processing industries in Europe are compelled to follow the British European Standards for industrial floorings. High demand for anti-slip tiles in these industries is propelling the growth of the anti-slip tiles market in the region.

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