Knitwear Market Growing Popularity and Emerging Trends

According to a new market report published by Transparency Market Research titled ‘Knitwear Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026, the global knitwear market is expected to reach US$ 817,402.7Mn by 2026, expanding at a CAGR of 5.3% from 2018 to 2026. In terms of volume, the market is expected to reach 26,208 million units in 2026, expanding at a CAGR of 5.0% from 2018 to 2026. Asia Pacific was the single largest knitwear market by region in the global knitwear market in 2017 and its market share is expected to increase during the forecast period.

The global knitwear market consists of global knitwear apparel brands and a large number of knitwear apparel sellers and re-sellers. The market is highly fragmented. Global knitwear brands such as Gap Inc. and Abercrombie & Fitch Co. and major activewear brands such as Adidas AG and Nike Inc.focus on research & development, design, logistics (purchasing and distribution), marketing and branding, and service to improve their position in the market.

These companies have outsourced the manufacturing of knitwear, which has low value addition in the overall knitwear value chain, to low-cost Asia Pacific countries such as China, Bangladesh, and India. For example, in 2017, Adidas AG manufactured 97.0% of its apparel in Asia Pacific and only 2% of its production took place in the U.S. and one percent in Europe.

Similarly, Nike manufactures all its apparel outside the U.S. through independent contract apparel vendors. In 2017, apparel contract factories located in China, Vietnam, and Thailand manufactured 26.0%, 18.0%, and 10.0%, respectively of the company’s total apparel production. Thus, Asia Pacific has become a prominent manufacturer and exporter of knitwear apparel. China, Bangladesh, India, Pakistan, and other South Asian and East Asian countries are major exporters of knitwear products across the globe.

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Thus, Asia Pacific has become a prominent manufacturer and exporter of knitwear apparel. China, Bangladesh, India, Pakistan, and other South Asian and East Asian countries are major exporters of knitwear products across the globe.

North America imports almost all of its knitwear products from Asia Pacific. Rising demand for branded innerwear from U.S. based brands such as Victoria’s Secret is increasing in the U.S. and other North American countries. Demand for sportswear is also rising in North America.

Knitwear is still manufactured in Europe but in lesser quantity. The unit cost to manufacture knitwear is high in the U.K. due to high wages; but many British designers prefer to manufacture in the U.K. due to short lead time and flexibility in minimum order quantity.

Although R&D and design of knitwear are majorly done outside Asia Pacific, the dominant knitwear manufacturing is done in China, India, Bangladesh, and Vietnam. The knitwear market is rising in India due to growth in the number of organized knitwear retailers selling branded knitwear products.

There is a rising demand for branded knitwear in the MEA. With approximately 62.0% of its population being young and middle-aged, the region imports knitwear products worth US$ 3.5 billion annually. Knitwear exporters such as Bangladesh export knitwear to the UAE to increase its knitwear revenue.

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There is a rising demand for cotton knitwear products in Brazil and other South American countries. In 2016-17, the country imported approximately. US$ 11.47 Mn of T-shirts, singlets and other vests made of cotton. Almost half of the knitwear imports in Brazil are from China.

The study provides a decisive view of the global knitwear market by segmenting it in terms of product type, material type, application, consumer group, and distribution channel. In terms of product type, knitwear are classified into innerwear, t-shirts & shirts, sweaters & jackets, sweatshirts & hoodies, shorts & trousers, evening dresses, suits & leggings, and accessories. Based on material type, the market is classified into natural, synthetic, and blended.

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Rapid Liquid Printing Market: Factors Helping to Maintain Strong Position Globally 2020-2030

 

• Rapid liquid printing refers to the technology by which inflatable and large structures are made. The technology uses a robotic system that creates objects of any size, drawing the shape of the object in space in a liquid gel suspension. In this process, two materials are mixed inside a nozzle, and then chemically cured. The printing process takes very less time and it can create small or big structures, customized products made of real world materials.

Key Drivers of the Global Rapid Liquid Printing Market

• Rising demand for custom design & manufacturing and increasing number of companies offering 3D printing services is encouraging several companies to adopt rapid liquid printers for their manufacturing process as rapid liquid printing is the fastest technology among all 3D printing technologies. This advancement in 3D printing technology is a driving factor that contributes to the growth of the rapid liquid printing market around the world.
• As compared to other 3D printing services, the rapid liquid printing process provides ease of development for customized products, with the ability to print using industrial grade materials that leads to increasing adoption of rapid liquid printing among manufacturers.

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Factors Restraining the Global Rapid Liquid Printing Market

• High maintenance and high initial capital investment are major factors that may hinder the growth of the rapid liquid printing market globally.

Market in Asia Pacific to Expand Rapidly

• In terms of geography, the global rapid liquid printing market can be divided into five regions North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
• North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the rapid liquid printing market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the rapid liquid printing market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The South America rapid liquid printing market is segmented into Brazil, and Rest of South America.
• North America accounted for dominant share of the global rapid liquid printing market due to the presence of key printing material manufacturers in the region. Rapid expansion of the aerospace & defense industry in North America is propelling the demand for 3D printing technologies that is boosting the growth of the rapid liquid printing market in the region.

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• The rapid liquid printing market in Asia Pacific region is projected to expand rapidly during the forecast period due to increasing demand for 3D printing technologies from automotive, utility, aerospace & defense, and healthcare industries. Moreover, due to ongoing industrialization in emerging economies, Japan and China are expected to be major markets for rapid liquid printing, accelerating the growth of the rapid liquid printing market in the region.

Key Players Operating in the Global Market

Manufacturers in the rapid liquid printing market are analyzing the preference and demand for 3D printing technologies. Manufacturers are focused on adopting acquisition strategies which will help them to expand their presence in the world. Several companies are spending on research and development for the improvement of products, which is likely to help in enhancing their competitive advantage in the market. Growing competition encourages market players to focus on introducing advanced products in terms of 3D printing technology.

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Ammunition Market: Consumption, Sales, Production, and Other Forecasts 2020-2026

According to a new market report published by Transparency Market Research titled “Ammunition Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global ammunition market is expected to reach US$ 16,468.2 Mn by 2026. The market is projected to expand at a CAGR of 3.5% during the forecast period from 2018 to 2026.

According to the report, the increase in defense expenditure by emerging economies such as China, India, and Japan is expected to be the primary growth driver for the ammunition market. Asia Pacific is projected to be at the forefront of global demand, with the market in the region growing at a CAGR of 5% through 2026.

Full metal jacket segment to be the fastest growing throughout the forecast period

The global ammunition market is segmented by type into full metal jacket (FMJ) ammunition, tracer ammunition, incendiary ammunition, armor piercing ammunition, and other ammunition. The full metal jacket segment is anticipated to occupy major revenue share by 2026 owing to the increased demand from the military and other law enforcement organizations. In order to improve the penetration of the bullet, FMJ design has room for customization of the bullet which makes it among the most preferred ammunition in the market.

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Military segment to be the major revenue generating segment by 2026 due to growing security concerns

In terms of application, the ammunition market is segmented into commercial, military, and law enforcement. The military segment is expected to be the major revenue generating segment by 2026. This growth can be attributed to the increased defense spending by governments of various regions and the need to improve the versatility, agility, and capability of the armed forces. The military segment is expected to expand at a modest CAGR of 3.8% over the forecast period.

North America expected to continue to hold significant share in the overall market

North America is expected to hold highest share in the ammunition market during the forecast period and experience significant growth over the forecast period. The growth is mainly due to the presence of large number of players providing ammunition and associated products coupled with the significant increments in military budgets by the governments in the region.The Asia Pacific market is projected to grow at the highest CAGR during the forecast period due to the increasing military spending and growing demand for ammunition from countries such as China, India, and Japan.

China is expected to be at the forefront of ammunition demand among all the Asia Pacific countries. India, South Korea, and Japan are also expected to contribute significantly to the Asia Pacific ammunition market. Companhia Brasileira de Cartuchos, BAE Systems, Fiocchi Munizioni, General Dynamics Corporation, Hornady Manufacturing Company, Inc., Nammo A.S., Nexter Group, Orbital ATK, Inc., Prvi Partizan A.D., Rheinmetall AG, and RUAG Group among others are some of the key players operating in the ammunition market profiled in this study.

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Details such as financials, business strategies, recent developments, product implementation expertise, key contracts, certified professionals, and other such strategic information pertaining to these players have been duly provided as part of company profiling.

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Aerospace Flight Control System Market: Top Challenges to Face in 2020-2030

Aerospace flight control system refers to a system intended to achieve smooth function of airplanes. Companies engaged in the aerospace flight control system market are growing concentration on technological advancements. This scenario is resulted into present lightweight aircraft. Latest aircraft incorporate electro-mechanical flight control systems with electronically generated signals. Thus, increased demand for lightweight aircraft is foreseen to generate fabulous sales opportunities in the aerospace flight control system market during the assessment period 2020–2030.

Upcoming research report by TMR intends to provide comprehensive study of the aerospace flight control system market. Thus, the report presents dependable analysis of challenges, drivers, restraints, and growth opportunities in the market for flight control system. This aside, this study offers reliable statistics on shares, revenues, and volume of this market. As a result, the report is a valuable handbook on the aerospace flight control system market for the assessment period of 2020 to 2030.

Platform, component, application, technology, end-use, and region are some of the important parameters incorporated while performing study of the global aerospace flight control system market. Depending on components, the market for aerospace flight control system is classified into actuators, cockpit controls, standby attitude, and flight control computers.

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Global Aerospace Flight Control System Market: Growth Dynamics

Aerospace flight control systems are gaining traction across the global aircraft industry owing to numerous advantages they offer. These systems are widely used owing to their ability to advance the airplane performance and ensure a smoother ride in unstable weather. Incorporation of aerospace flight control systems also helps in reducing airplane weight making its maintenance easier. Owing to all these factors, the global aerospace flight control system market is estimated to gain promising growth avenues during the forecast period of 2020 to 2030.

Aerospace flight control systems are increasingly used in business, commercial, and military aircrafts. As a result, the global aerospace flight control system market is likely to experience prodigious sales avenues in the years ahead. In recent years, there is remarkable growth in demand for lightweight as well as unmanned aircraft from all worldwide locations. This factor is projected to generate promising expansion opportunities in the global aerospace flight control system market in the forthcoming years.

Global Aerospace Flight Control System Market: Competitive Analysis

Major enterprises working in the aerospace flight control system market are entering into contracts and agreements to provide advanced services. A case in point here is recent announcement by BAE Systems. The firm entered into a contract with Aerion Supersonic. According to this contract, BAE Systems will provide flight control system for Aerion Supersonic’s latest AS2 supersonic business jet. This scenario depicts the global aerospace flight control system market will grow at rapid pace during 2020–2030.

The list of key players in the global aerospace flight control system market includes:

• Moog, Inc.
• Honeywell International, Inc.
• BAE Systems plc
• Safran
• Parker Hannifin Corporation
• United Technologies Corporation
• Lockheed Martin Corporation
• Saab AB

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Global Aerospace Flight Control System Market: Regional Assessment

Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa are some of the key regions in which the global aerospace flight control system market shows prominent presence. Among all regions, the market for aerospace flight control system is projected to gain lucrative avenues in Asia Pacific. One of the important reasons supporting this estimation is increased airline travel and growing aircraft industry in the region.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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PVDC Shrink Bags Market is Projected to Grow Massively in Near Future

In a recent report, Transparency Market Research (TMR) delivers insights into the global PVDC shrink bags market. It covers global industry analysis and offers insights into size, share, and growth trends. The report also offers refined forecast for the period between 2020 and 2028.

According to TMR, the global market is forecast to rise at 2.9% CAGR over the course of the forecast period. The report offers a comprehensive overview of the market, covering various factors enabling growth.

PVDC shrink bags sales surged in response to the increasing demand for flexible and uniform packaging solution. These bags are resistant to puncture and have excellent luster. They are lightweight and considered extremely convenient to offer packaging solutions in the food sector.

These bags are predominantly used for packing fresh and processed meat and seafood items. While shrink bags find exceptional usability in shipping and logistics industry, the food sector is expected to account for maximum share in the market for PVDC shrink bags.

TMR’s report segments the market in terms of product, application, and region. Based on product, side sealed shrink bags account for hefty share in the market and is expected to remain dominant through the course of the forecast period.

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Rising Demand for Improved Shelf-life Spurring Growth Prospects

PVDC shrink bags are manufactured to offer strong seal performance. It therefore is expected from them to address myriad p0ackaging needs while exhibiting excellent sealing functionality. These bags are also found useful in ensuring longer shelf life of any food products.

The demand for shrink bags is likely to surge in the coming years. A small increase in shelf life, especially in meat, poultry, and sea food products is valued by consumers. It is also a valued proposition for industry participants creating opportunities for them to strengthen their footprint in the market.

PVDC shrink bags’ ability to improve shelf life of food products, coupled with their excellent properties as barrier to moisture and oxygen, is the primary reason behind their widespread application in the food sector.

With the increasing penetration of giant retail chains in developed and high potential markets alike, the demand for packaged foods is likely to accelerate. Against this backdrop, shrink bag manufacturers see incredible scope for expansion in the near future.

Manufacturers Focusing on Design Innovation to Offer Better Customization

The demand for PVDC shrink bags is rising, however, not at a pace expected. It has therefore led market players to focus on innovative product designs. There is greater focus on incorporating innovative features such as high puncture resistance, impressive barrier properties, and greater luster to continue gaining traction through the course of the forecast period.

A case in point in Schur Flexibles Holding GesmbH’s PVDC shrink bags that bring to the table impressive puncture resistance, excellent, transparency, high barrier properties, and flexo printing options.

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Meanwhile, Sealed Air Corporation has designed shrink bags meant for meat packaging with features such as excellent brightness, gloss, and transparency, and multi-barrier structure to prevent microbiological growth.

These innovations are intended to help food industry cater to the demand for contamination-free food to end users. Innovations are seen as key strategic moves by market players and are expected to help the global market gain impetus in the coming years.

Rising Availability of Eco-friendly Alternatives Poses Threat

Despite its application in the food sector, the market sees the availability of alternative packaging solutions and materials as potential threats. Companies in the food sector in developed as well as high potential markets are eager to switch to technological advancements.

They are putting constant effort towards design innovations to manufacture eco-friendly, recyclable, and flexible packaging solutions. Flexible packaging solutions made from PVDC materials might have long-term impact on the environment.

The rising awareness regarding the same is making manufacturers uneasy. Consequently, prominent companies within the market are shifting to alternative materials such as ethylene vinyl alcohol (EVOH) and others to offer superior barrier qualities and better recyclability.

For instance, WINPAK LTD’s DuraShrink are eco-friendly barrier shrink bags. The availability of similar alternatives is increasing steadily, posing threat to the PVDC shrink bag producers.

Global PVDC Shrink Bags Market: Competition Landscape

Despite prevailing consolidation, competition is expected to get fiercer among the key market players. Besides the presence of a few well established companies, the market is characterized by the presence of several local players and start-ups.

TMR profiles some of the key players operating in the market. These include Amcor Plc, Sealed Air Corporation, Schur Flexibles Holding GesmbH, ALLFO Vakuumverpackungen, Green Packaging Material (Jiangyin) Co.,Ltd, Sunrise Packaging Material (Jiangyin) Co., Ltd, Hanxhosa (Suzhou) Limited Company, Astar Packaging Pte Ltd, Shuanghui Group among others.

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Telecom Enterprise Services Market is to Witness Significant Growth between 2020-2030

Transparency Market Research delivers key insights on the global telecom enterprise services market. In terms of revenue, the global telecom enterprise services market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global telecom enterprise services market.

The demand for enterprise services is expected to surge in the upcoming years with the expansion of micro, small, and medium enterprises (MSMEs) across the world and increase in industrial activity globally. In addition, more investments in and economic growth of the APAC region, and increase in worldwide enterprise IT spending across verticals are further expected to drive the market during the forecast period. The report analyzes the global telecom enterprise services market and provides estimates in terms of revenue (US$ Bn) from 2018 to 2030.

Telecom Enterprise Services Market:  Key Growth Drivers

The world is witnessing expansion of Micro, Small, and Medium Enterprises (MSMEs). Approximately 120 million formal MSMEs operate across the world, with over 89 million operating in emerging markets such as India, China, and the developing countries of Southeast Asia. Formal MSMEs are more common in high-income economies such as OECD, non-OECD countries, and the EU. The MSME density is increasing at a rapid pace in low and middle-income economies, especially in the Middle East, Latin America, Caribbean, South Asia and East Asia, and the Pacific regions. MSMEs play an important role in employment generation as well as in the GDP of an economy. They still employ more than one-third of the world’s labor force. MSMEs seek low-cost and efficient communication solutions with a focus on continuity of operations and processes, which, in turn, will trigger the growth of the telecom enterprise services market.

Moreover, there is extensive industrial activity that is driving telecom enterprise services. The advent of the IT & ITES industry across emerging economies has led to an increase in the overall industrial activity. Banking and IT & ITES are major sectors adopting telecom enterprise services and mobility solutions to improve the customer experience. This has led to immense opportunity for global operators to establish and engage in business with companies operating in these sectors. Bandwidth, both domestic and international, plays a crucial role in knowledge-based industries such as BPOs, call centers, and software exports.

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In the IT/ITeS industry, the rise in demand for enterprise connectivity solutions can be attributed to the need for high-speed connectivity, voice channels, and expansion of BPO/back-office companies, which has led to the high demand for IP and international private leased circuits. National e-governance initiatives such as unique identification/social security, measures for financial inclusion, and improving connectivity in rural areas are the key factors driving the adoption of telecom enterprise services.

Key Challenges Faced by Telecom Enterprise Services Market Players

Government rules and regulations may hinder the growth of the telecom enterprise services market, as telecommunications is a heavily regulated sector and telecom industry operators are highly sensitive to uncertainties, which are projected to undermine incentives to invest. Spectrum and spectrum auction is the most important factor of the sector, as mobile data traffic continues to increase in all geographies. Around 80% of operators believe that spectrum release and auction frameworks are likely to be leading regulatory issues over the next three years. Government rules and regulations for the telecom industry in emerging economies are highly scrutinized and stringent in nature. The Government of India has deployed strict regulations and SOPs to comply with, while auctioning spectrum due to recent scams in spectrum auction in the country. This also has an impeding effect on the decision-making procedure by respective governments when dealing in spectrum auction, thereby hampering the overall telecom enterprise services market in emerging economies.

Telecom Enterprise Services Market: Prominent Regions

The global telecom enterprise services market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America dominated the telecom enterprise services market in 2019, with majority revenue share and is expected to continue its dominance over the forecast period from 2018 to 2030. Within North America, the U.S and Canada are anticipated to drive the growth of market. This is due to higher adoption levels of advanced relevant technologies in the region, supported by healthy concentration of the master agents and carriers.

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The increasing need for cloud computing, data centers, and Gigabit connectivity solutions to support the entire IP infrastructure has significantly magnified the adoption of telecom enterprise services in the North America region. In addition, the need for reduction in costs and customized solutions for SMEs has prompted operators to introduce scalable solutions that would enable growth of the business. It is noteworthy that traditional telecommunication services such as voice-based solutions are expected to remain the largest contributor to the global telecom enterprise services market during the forecast period, while wireless/mobility and data/Internet service are expected to outperform the voice solution segment in terms of growth rate.

Moreover, Europe is expected to present lucrative growth avenues for the telecom enterprise services market during the first half of the forecast period. Market share of Asia Pacific in the telecom enterprise services market is anticipated to create expected opportunity valued at US$ 49.2 Bn over the forecast period. This is due to increasing adoption of telecom enterprise services, particularly in Australia, China, and Japan. The region is the leading manufacturing hub and exporter of IT and ITES products.

Asia Pacific is witnessing a surge in the number of startups providing web-based services for manufacturing firms operating in various other application sectors. A significant share of demand for telecom enterprise services solutions is expected to come from eCommerce, retail, and healthcare enterprises, apart from BFSI and IT industry. South America is expected to show substantial growth as majority of the economies there are recovering from recession and the market shows positive signs of growth.

The growth of the market in Middle East & Africa is anticipated to remain stagnant as of now. However, in the second half of the forecast period, the market in the Gulf countries is expected to see resurgence of growth, as the impact of economic reforms would start delivering results.

The report provides in-depth segment analysis of the global telecom enterprise services market, thereby providing valuable insights at macro as well as micro levels. The analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the telecom enterprise services market.

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Engine Components Market Size | Incredible Possibilities and Growth Analysis and Forecast To 2030

According to the report, the global engine components market is projected to surpass US$ 7.5 Bn by 2030, expanding at a CAGR of 1% during the forecast period, owing to a rise in the demand for lightweight automotive components to reduce vehicle emissions and comply with international emission standards. Continuous enhancement of automobiles and prototypes by major automakers and OEMs to match consumer preference for high-performance and fuel-efficient automobiles are driving the engine components market.

Expansion of Engine Components Market

Currently, sales of internal combustion engine-powered vehicles are the highest globally. Sales of electric vehicle (EV) sales are increasing; however, it may take a decade for sales of EVs to surpass the sales of IC engine vehicles. Presently, developed countries of North America and Europe are at the forefront in the adoption of EVs, while developing countries, except China, are in the initial stages of building the EV infrastructure. Meanwhile, the demand for IC engine components is estimated to increase at a steady pace led by the rising sales of IC engine-powered vehicles in developing countries and aftermarket sales.

The automotive industry is on its way to witness fourth industrial revolution; automation is being followed by the digitization of production. The goal is to increase productivity, efficiency, speed, and quality, resulting in higher competitiveness for companies on their way to the future of industry. This is likely to create an opportunity for the global engine components market.

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In terms of component, the cotter segment of the engine components market is expanding at a healthy growth rate. Cotters, also known as valve keepers, collets or locks, have the task of attaching the spring retainer. This component is utilized in diesel, gasoline, and CNG/LPG-based small engines, light vehicles, and heavy-duty engines. Automotive is a major application area of engine components compared to other applications. The automotive industry records higher volumes of vehicle production and sales of vehicles, which drives the demand for engine components. Sales of passenger cars and commercial vehicles registered an increase of 17.93% with sale of 74.97 million units in 2010, reaching 91.35 million units in 2019.

Regional Analysis of Engine Components Market

Asia Pacific dominated the global engine components market in 2019. It is anticipated to hold a leading share of the global market during the forecast period due to rise in the production and sales of IC engines in the region. In China, gasoline cars dominate the market. EVs are currently a key part of the economic reboot plan announced by the authorities in China; however, gasoline is, by far, the most popular fuel among consumers in the country. In H1 of 2019, 92% of passenger car sales featured this fossil type. India is projected to witness the domination of the combustion engine of the automotive market in the country. Consequently, Asia Pacific is likely to act as a key region for the global engine components market.

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Engine Components Market Players

Prominent players operating in the global engine components market include AcDelco, AmTech International, Burgess-Norton Mfg. Co. Inc, Decora Auto Forge Pvt. Ltd., DNJ Engine Components, DREWCO Corporation, Eaton, EFC International, Federal-Mogul, GT Technologies, Hangzhou Heng Ji Trading Co., Ltd., Indo Schottle Pvt. Ltd, ITW Automotive, Kent Automotive, LISI Automotive, LuK GmbH & Co. KG, Melling, Nanjing Superior Machine & Parts Co, and Nittan Valve Co.,Ltd.

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