Automotive Retreaded Tires Market Analysis To 2026 – Magnetic Levitation Segment To Witness Exponential Growth

Retreading is a re-fabricating process through which worn out and old tire tracks are superseded by the new ones. Retreading is connected to keeping of old tires after assessment. Retreading of tires comes at almost 40% less than the original new tires. The cost viability offered by retread tires is one of the essential factor fueling market development, which is additionally enhanced by the powerful development of the transportation business. Besides, retread tires and tire retreading are nature friendly solutions and thus, are seeing help from different managing bodies empowering the utilization of retread tires. 

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Retreaded tires are progressively discovering entrance in the business vehicle market, and the enhanced retread plans are driving the development force of the market. The mix of cutting edge retreading advances, procedures, and government controls are driving significant difficulties in the global automotive retreaded tires market. 

Uses of wood from complex lodging structures to the basic writing paper. Subsequently, the demand for various types of wood timber is relentlessly expanding in the present market situation. Some gear, for example, harvesters, feller bunchers, skidders, and forwarders usually use retread tires which are tweaked in form fixes to give proficient operational benefits. Along these lines, with the development of the ranger service and timber reaping hardware, the automotive retreaded tires market will also develop generously over the estimated time frame. 

Global Automotive Retreaded Tires Market: Trends and Opportunities 

Constantly developing vehicle parc is another point which will expand the interest for substitution of tires and in this way, will drive the interest for retread tires. Substantial armada proprietors of business vehicles incline toward tire remolding to guarantee cost viability. Henceforth, development in car, ranger service and development is relied upon to make solid development open doors for the automotive retread tires market.

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With enhancements in materials and advancements utilized for automotive manufacturing, the normal operational period of vehicles has expanded considerably, which thus, is driving the interest for retread tires. The unwavering quality of vehicles has expanded fundamentally over the previous decade. Shoppers are progressively keeping their old autos as their second vehicles as opposed to exchanging or dismantling them. Because of expanding vehicle production, there is surging demand for maintenance and replacement and hence, nowadays, retread tires are very much wanted over new ones, which, thus, is fueling the automotive retreaded tires market. 

Global Automotive Retreaded Tires Market: Regional Analysis 

Mining is a notable industry in the regions, for example, Africa, Latin America and Asia Pacific, where it contributes fundamentally to the entire GDP and export. The development of the mining business is very inter-related with the global monetary development. At present, the mining and exploration organizations are channelizing ventures for the extraction of minerals from underground mines and receiving cutting edge innovations to remove mineral-rich assets at more profound dimensions, which, thusly, is driving the global automotive retreaded tires market. 

The china automotive retread tires market is relied upon to speak to fundamentally high gradual open door somewhere in the range of 2018 and 2028 and the South East Asia and Pacific automotive retread tires market is anticipated to grow at noteworthy CAGR regarding volume over the gauge time frame. Offers of Retread Tires in South East Asia and Pacific is estimated to speak to huge gradual chance. 

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Cellular Vehicle-to-Everything (C-V2X) Market Outlook & Regional Growth Analysis by 2027

 

• V2X (Vehicle-to-everything) is a technology that enables vehicles to communicate with each other and with other road users and infrastructure, in order to enhance road safety and mobility. The technology utilizes wireless signals to communicate with compatible systems, thus enabling vehicles to improve their awareness about their surrounding objects.
• The key objective of a V2X system is safety. In manned vehicles, V2X systems transmit important information to the driver in the form of alerts and notifications. In connected autonomous vehicles, V2X comprises sensors that enable vehicles to take more informed and coordinated decisions and take actions when needed.

Key Drivers of Cellular Vehicle-to-Everything (C-V2X) Market

• Increase in demand for smart cities, vehicles and surge in research in technology, including advance drive assist system (ADAS) and connected vehicles is projected to boost the C-V2X market. Increase in demand for smartphones and technologies in smartphones is estimated to propel the C-V2X market, as connected vehicles can be operated through smartphone applications. A major feature included in connected vehicles is the detection of passenger health. The connected vehicle would automatically select the shortest possible route to the nearest hospital if onboard sensors on the vehicle detect failing health of a passenger. Such advance systems are expected to drive the C-V2X market.

• C-V2X uses two corresponding communication mode, the first mode is the direct connection between the vehicle and the pedestrian. In this mode, C-V2X works autonomously of the cellular networks. The second mode is network communications, in which C-V2X employs the conventional mobile network to allow a vehicle to receive information about traffic and road conditions in the surroundings of the vehicle.

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Asia Pacific to hold prominent share of global cellular Vehicle-to-Everything(C-V2X) market

• Asia Pacific accounted for a significant share of the C-V2X market. Increasing research and development on electric vehicles and autonomous vehicle (AVs) in China, Japan, and India is propelling the C-V2X market in Asia Pacific. North America is witnessing rapid adoption of autonomous vehicles, which in turn to boosts the C-V2X market. Newly developed EVs and AVs are integrated with major safety features including ADAS, park assist, C-V2X System which in turn is estimated to propel the global C-V2X market.
• North America has witnessed rapid increase in adoption of advanced drive assist system (ADAS), which in turn is projected to boost the C-V2X market in the region. New entrants in the automotive market in China, India, Japan, and South Korea are likely to influence research and development on internet connectivity in the automotive market in Asia Pacific.

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Key players operating in cellular Vehicle-to-Everything(C-V2X) market

The cellular vehicle to everything (C-V2X) market is highly concentrated owing to the presence of top manufacturers. A few of the key players operating in the cellular vehicle-to-everything (C-V2X) market are:

• Robert Bosch GmbH
• Continental AG
• Ficosa International SA
• AT&T Solutions
• Autotalks Ltd.
• Quectel wireless co. Ltd.
• Commsignia Ltd.
• Huawei Technologies co. Ltd.
• Intel Corporation

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Electric Vehicle Traction Motor Market: How the Business Will Grow in 2026?

An electric vehicle traction motor utilizes electric energy from the battery of the vehicle, which is installed in an electric vehicle in order to propel it. Traction motors are capable of providing required torque for propulsion of electric vehicles.

Traction motor is a vital component of electric vehicles, thus rising demand for electric vehicles is fueling the demand for electric vehicle traction motors. Stringent emission norms and rise in demand for electric vehicles coupled with heavy incentives provided by governing bodies for electric vehicles are fueling the demand for electric vehicles. Rapid expansion of electric vehicle charging infrastructure, decrease in electric vehicle prices due to reduction in battery prices, availability ultra-fast chargers, and expected ban over fuel powered vehicles are propelling the demand for electric vehicles, which in turn is likely to propel the demand for electric vehicle traction motors.

Electric vehicles are quiet expensive for consumers across several lower per capita income countries, such as countries from Africa. Consequently, consumers do not prefer electric vehicles. This, in turn, is primarily restraining the global electric vehicle traction motor market.

The global electric vehicle traction motor market can be segmented based on electric vehicle type, motor type, vehicle type, and region. Based on electric vehicle type, the global electric vehicle traction motor market can be classified into four segments.

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Battery electric vehicles, also known as zero-emission vehicles, are witnessing a surge in demand, which is attributed to government incentives leading to lower cost of battery electric vehicles, stringent emission norms implemented over fuel powered vehicles, and rising awareness among consumers about overall advantages of battery electric vehicles. Moreover, rapid expansion of electric vehicle charging infrastructure is propelling the demand for battery electric vehicles and hence, the battery electric vehicle segment is projected to lead the market during the forecast period.

In terms of motor type, the global electric vehicle traction motor market can be bifurcated into permanent magnet synchronous motors (PSM) and asynchronous motors (ASM). In terms of vehicle type, the global electric vehicle traction motor market can be classified into passenger vehicle and commercial vehicle. Several passenger vehicle manufacturers are manufacturing electric vehicles. Several manufacturers also manufacture commercial electric vehicles, such as trucks manufactured by Tesla. Rising demand for electric vehicles and expected obligations over fuel powered vehicles in the near future are likely to boost the demand for commercial vehicles. The passenger vehicle segment accounted for a major share of the market, in terms of revenue, in 2018.

In terms of region the global electric vehicle traction motor market can be segmented into five prominent regions. Asia Pacific held a major share of the global market, in terms of revenue, in 2018, which is attributed to boost the demand for electric vehicles across China and Japan. Presence of electric vehicle manufacturers coupled with electric vehicle battery manufacturers, leading to lower cost of electric vehicles, has fueled the demand for electric vehicles across China and Japan.

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Moreover, other countries in Asia Pacific, such as India, Pacific countries, and those in ASEAN, are rapidly expanding electric vehicle charging infrastructure, in order to increase sales. Consequently, demand for electric vehicles is projected to rise significantly during the forecast period, which in turn is likely to propel the electric vehicle traction motor market. Asia Pacific is followed by Europe and North America, in terms of share of the global market.

Key players operating in the global electric vehicle traction motor market are Zytek Group Limited, Equipmake Ltd., Hitachi Automotive Systems Americas, Inc., SERVAX, AVID Technology Limited, RETORQ Motors Ltd., Copper Rotor Induction Motor, ABB, Robert Bosch GmbH, WEG, and Magnetic Systems Technology.

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Low Profile Tire Market: Growth analysis, competitive landscape, and regional forecast

Low profile tires have lower aspect ratios, generally less than 50 and shorter sidewalls as compared to standard tires. Low profile tires have larger treads and are stiff and are made from advanced rubber compounds and additives.

Increase in demand for enhanced ride handling, superior traction, and rapid response while driving is boosting the low profile tire market. Demand for powerful and sports or performance vehicles, such as SUVs, is rising owing to an increase in young buyers of vehicles. Increase in sales of SUVs and performance sedans is driving the low profile tire market. Low profile tires have low rolling resistance and hence, offer superior fuel economy. Regulatory boards such as the European Union have started labelling tires according to fuel economy, grip, noise, and emission.

Enactment of similar mandates globally is projected to fuel the adoption of low profile tires. Rise in concern about vehicle safety and technologies such as ‘Run-Flat’ technology is boosting the demand for low profile tires. These tires contain lesser amount of rubber and thus, enables the use of a larger-sized wheel. Rise in demand for larger wheels, in order to enhance esthetic appearance, is expected to drive the demand for low profile tires.

Low profile tires are expensive, generate more noise, and undergo more wear due to wider contact area. Therefore, several consumers prefer cost-effective standard tires, which in turn is restraining the low profile tire market.

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The global low profile tire market can be segmented based on rim size, vehicle, sales channel, and region. Based on rim size, the low profile tire market can be segregated into 13 inch-15 inch, 16 inch-20 inch, and above 21 inch. The 16 inch-20 inch segment accounts for a notable share of the low profile tire market owing to high sales of vehicles that have rim sizes between 16 to 20 inches.

Based on vehicle type, the global low profile tire market can be classified into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Low profile tires are highly preferred for passenger vehicles in order to enhance driving comfort and hence, the passenger vehicle segment held a notable share of the market. Tire manufacturers such as Continental AG have developed low profile tires for light & heavy duty applications with higher load carrying capacity. Penetration of low profile tires is considerably low in light & heavy commercial vehicles; however, it is expected to rise considerably during the forecast period owing to advancements in rubber technology.

In terms of sales channel, the global low profile tire market can be segregated into OEM and aftermarket. Low profile tires are usually OE fitted by automakers and currently, the OEM segment holds a higher share of the market. The aftermarket segment is projected to expand significantly as several consumers prefer to use the OE similar low profile fitment in the aftermarket. Several enthusiasts with standard tire fitment in OE are opting for low profile tires in the aftermarket for enhanced ride handling, which in turn is boosting the aftermarket segment.

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Based on region, the global high performance tire market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe and North America accounted for a major share of the global low profile tire market, owing to consumer affordability and high sales of premium vehicles in these regions.

Key players operating in the global low profile tire market are Bridgestone Corporation, Continental AG, Goodyear Tire & Rubber Company, Michelin, Pirelli & C.S.p.A., Sumitomo Rubber Industries, Ltd., Yokohoma Rubber Co. Ltd., and Cooper Tire & Rubber Company.

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Road Train Market 2020 | Insights & Forecast Research Report 2026

Road train is term used for a large truck or lorry that pulls one or more trailers in order to transport goods, primarily in remote and rural areas of Australia and the U.S. Road trains are usually categorized as vehicles with large tires having open, deep treads, and a flexible unit for a suspension. These vehicles are extensively employed for freight transportation in rural and remote areas.

The transition and evolution of global transportation are primarily due to booming manufacturing and agriculture industries, which fuel the utilization of road trains via fleet management in order to transport goods and material from one place to another. These factors are expected to propel the global road train market during the forecast period.

Developing and major emerging economies, where transportation of products and goods is carried out by means of roadways, play an integral role in expansion of the global road train market. Expansion of the online shopping market, owing to increase in speedy internet access, has led to a rise in preference toward e-tailing among consumers. Furthermore, convenience and easy access, in terms of home delivery services, are projected to boost the road train market during the forecast period. Road trains are bigger, heavier, and bulkier vehicles, which makes road freight transportation comparatively slower and hence, hampers the road train market.

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Additionally, massive backlog in proper maintenance is also a major factor that is likely to hinder the road train market during the forecast period. Furthermore, tolls on road leads to massive time loss, which results in slow transportation of freight. Improper road infrastructure coupled with a lack of intent to improve transport facilities is expected to restraint the road train market during the forecast period.

The global road train market can be segmented based on trailer arrangement, type of goods transported, distance travelled, and region.

In terms of trailer arrangement, the road train market can be divided into A-double, B-double, B-triple, AB-triple, and others. A-double comprises a prime mover pulling a standard lead trailer with a ball hitch attached to its rear end.

Based on type of goods transported, the global road train market can be classified into oil and gas, industrial and manufacturing, defense, energy and mining, chemicals, pharmaceutical & healthcare, food and beverage, and others.

Based on distance travelled, the global road train market can be bifurcated into 100 miles or less, 101 to 250 miles, 251-500 miles, 501-1000 miles, and above 1001 miles. Increase in preference for online shopping among consumers is projected to boost the 100 miles or less segment during forecast period.

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In terms of region, the global road train market can be segmented into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. Australia is a leading market for road train globally. Australia is followed by the U.S. These countries are major markets primarily due to their larger geographical areas.

Global players operating in road train market include Volvo Trucks, Road Trains of Australia, Western Star, and Kenworth.

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Truck Rental Market Trends 2020: In-Depth analysis of industry growth & forecast up to 2030

The global truck rental market is estimated to expand at a CAGR of ~10% and reach US$ 204.2 Bn by 2030, driven by preference for rental model over purchase. The global truck rental market is expected to expand exponentially during the forecast period. Developed regions such as North America and Europe account for notable share of the global truck rental market. China and ASEAN countries are likely to witness significant increase in adoption of truck rental services.

Expansion of Truck Rental Market

The increased participation of small transport companies with low capital has boosted the truck rental market. Truck rental is an effective mode of using trucks without having to pay high cost associated with their purchase. Truck rental enables a company to save its investment in assets and pool its revenue in other business operations.

Truck rental is an attractive option as compared to direct purchase, as a majority of transportation companies operating worldwide are small to medium in size. The rise in urbanization and trade volume has fueled transport volumes. Moreover, rapid expansion of the e-Commerce market across the globe propels the demand for trucks, which, in turn, is anticipated to drive the truck rental market.

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The increased trend of online shopping is a major factor driving road transportation for delivery of goods, which is likely to boost the truck rental market across the globe. Truck rental is expected to gain significant popularity, as major automakers, including Volvo, PACAAR, and Daimler have started offering truck rental services.

Leading Segments of Truck Rental Market

Based on lease type, the full service rental segment held a leading share of the truck rental market in 2019. Full service lease includes maintenance cost, and sometimes even drive support and fuel cost. Full service/rental is convenient for smaller transportation companies, and is thus, gaining high demand in the global market. In terms of truck type, the medium duty trucks segment held a dominant share of the truck rental market in 2019, owing to their extensive application in numerous industries, such as FMCG and food & beverages, and wide usage in last mile deliveries.

Regional Analysis of Truck Rental Market

The global Truck rental market has been segregated into North America, Europe, East Asia, South APAC, Middle East & Africa, and Latin America. North America, Europe, and Asia Pacific together held a prominent share of the global truck rental market. North America held a major share due to high adoption of truck rental in transportation companies and shippers, and availability of high number of truck rental providers in the region.

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Truck Rental Market Players

Prominent players operating in the global truck rental market include Daimler AG, PACCAR Leasing Company, Ryder System Inc., MAX Rental.lu AG, The Larson Group, Europcar, SIXT, Fetch Truck Rental, Imperial Truck Rental, Element Fleet Management Corp., U-Hual International Inc., Budget Truck Rental LLC, and Enterprise Holdings Inc.

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Car Rental Market: Competitive Dynamics & Global Outlook 2024

The competitive landscape of the car rental market is moderately fragmented in nature. This is mainly due to the presence of several international and domestic players in the market. The increasing dominance of giant players in the market is dragging the market towards consolidation, says Transparency Market Research(TMR). Some of the prominent players operating in the car rental market are Enterprise Rent-A-Car, Sixt SE, Europcar, The Hertz Corporation and Avis Budget Group.

The players in the market are primarily focusing towards enhancing their services so as to improve their customer base and gain profitability in the market. Along with this, players are focusing towards acquisitions and mergers, business expansion and innovation to strengthen their market share.

For instance, in March 2019, Sixt SE, a prominent player in the car rental market launched a mobility app in order to facilitates customers with several other services and boost personalisation. In the same way, in December 2018, The Hertz Corporation, incopated the use of a online platform called the Hertz Fast Lane in their servies.  This platform helps in carry out and speed up the entire vehicle rental process with the help of a biometric.  

According to TMR, the global car rental market is projected to witness a astonishing double digit CAGR of 14.40% during the forecast period that between 2014–2024. The opportunities in the market is projected to touch a valuation of US$290.07 bn by 2024. 

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On the basis of geography, North America is expected to dominate the global car rental market during the forecast period. This is mainly due to the presence of several veteran players in the region. Based on transportation mode,  the airport transport segment is expected to  hold sway in the overall market, thanks to the significant rise to the air traffic and  rapid strides taken by industrialization in several parts of the world. 

Integration of Advanced Technologies in Mobile Application to Drive Market Growth

The global car rental market is projected to garner a remarkable growth rate in the coming few years. This is mainly due to the factors such as global upsurge in travel and tourism activities coupled with improving road infrastructure. Along with this, rise in disposable incomes, surge in leisure and business trips and increasing investments by the global players are some other factors expected to fuel the car rental market in the coming few years.

Car rentals are the car services offered by players to the common people for a particular time duration at an agreed amount. Integration of advanced technologies such as  real time monitoring, GPS and digital transaction are some other factors that played a crucial role in the growth of the car rental market. 

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Advent of Ride Sharing Application to Hamper Market Prospects

The growth in the car rental market is hampered due to the advent of ride sharing application which help professions offer rise to other profession is expected to impede market growth. Along with this, stringent governmental regulation towards the vehicle emission is projected to curb market growth in the car rental market  in various developing and developed nations.

Nonetheless, increasing focus to incorporate eco-friendly, green car rental services is anticipated to fuel the car rental market in the coming few years.

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