Automotive Sheet Metal Components Market Applications and Growth Opportunities to 2025

The global market for automotive sheet metal components has a largely fragmented competitive landscape featuring a large number of small and large players and the leading four players collectively accounting for a nearly 40% of the overall market in 2016, observes Transparency Market Research (TMR) in a recent report. Although the market features low entry barriers for new companies, setting up of manufacturing units for automotive sheet metal components require huge capital and resource, thus limiting the scope of growth of new vendors.

Product innovation and development are key strategies adopted by most leading market players. New product innovation is an important strategy to combat the stiff competition in the market. Companies are focusing more on research and development activities to create innovative products to capture and maintain larger market share globally. Focus on expansion across emerging economies with a huge and rising appetite for high-end and passenger vehicles has also significantly increased.

Transparency Market Research states that the global automotive sheet metal components market will exhibit a moderate 3.7% CAGR from 2017 to 2025, rising from a valuation of US$104.30 bn in 2016 to US$142.41 bn in 2025.

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Steel to Remain Most Preferred Metal for Automotive Sheet Metal Components

In terms of material, steel contributed nearly 60% to the overall revenue accumulated by the global automotive sheet metal components in 2016 and is expected to remain the most preferred metal over the forecast period as well. In terms of geography, the global automotive sheet metal components market is presently led by the Asia Pacific market. China, one of the largest manufacturer of sheet metal components globally and one of the leading consumers of passenger vehicles, is expected to continue to drive the Asia Pacific market over the  next few years, helping the regional market retain its top spot in the global market over the forecast period.

Rising Production of Vehicles Globally to Drive Market

In the past few years, there has been a vast rise in the production of vehicles across the globe owing to the rising demand and usage of passenger vehicles. This, coupled with the rising demand for lightweight vehicles, is driving the demand and growth of sheet metal components used in the production of automobiles. A small percentage of hybrid and electric vehicles are already available in the market and the percentage is expected to grow at a healthy pace in the coming years owing to their least impact on the environment in the form of emission of pollutants.

With the rise in the number of hybrid and electric vehicles in the automobile market, the application and market for sheet metal components in such vehicles is also expected to flourish in the near future. Moreover, the strengthening trend of engine downsizing of automobiles is expected to influence the growth of the automotive sheet metal components market globally.

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Fluctuating Prices of Steel and Aluminum to Hinder Growth Prospects

As steel and aluminum are the two most used materials used for the manufacturing of automotive sheet metal components so their availability and fluctuation in prices make a huge impact on the overall market of automotive sheet metal components. China is the presently the leading producer of aluminum and steel globally. However, the country has been curbing its production of these metals to curb the level of air and water pollution.

This has been creating a huge gap between the supply and demand of aluminum and steel across the world. Moreover, concerns relating to the volatility in prices of aluminum and steel have also increased globally. Therefore, availability and volatility in the pricing of aluminum and steel are expected to inhibit the global automotive sheet metal components market, where the two materials find immense application.

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Automotive OEM Key Market Growth, Demand, Opportunities & Forecast To 2030

According to the report, the global automotive OEM key market is projected to reach US$ 280 Mn by 2030, expanding at a CAGR of ~2% during the forecast period. Rise in the purchasing power of the global population has fueled the sales of vehicles, thus boosting automobile production activities.

This increase in automobile production has subsequently propelled the demand for automotive key solutions from automakers, thereby driving the automotive OEM key market across the globe. On-going changes in the automotive sector, along with growing popularity of autonomous vehicles and shared mobility services, have transformed the traditional approach of vehicle security solutions from physical keys to virtual keys, which are stored in the smart devices of vehicle owners. This is negatively impacting the automotive OEM key market.

Expansion of Automotive OEM Key Market

Advancements in microelectronics and connectivity technologies are leading to the development of vehicle keys with advanced security features, such as biometric scanning, which are capable of performing multiple functions. For instance, in August 2020, KIA Corporation announced that its new Sorento vehicle model would be equipped with the remote smart parking assist feature that can be controlled through the key fob. Such keys enhance the customer experience and hence, they are expected to propel the global automotive OEM key market in the near future.

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Based on technology, the remote keyless entry system segment held a dominant share of the global automotive OEM key market in 2019. It is anticipated to expand at a notable CAGR during the forecast period, owing to their high ease of operation. The remote keyless entry system enables the consumer to open the doors and start the vehicle without inserting the key, thus creating convenience in operation, which has contributed towards its popularity.

In terms of key material, the carbon fiber segment led the global automotive OEM key market in 2019. It is expected to maintain its dominance during the forecast period. Keys made from carbon fiber are light in weight and have high strength, which make them highly convenient for handling and carrying. These benefits of carbon fiber material is propelling its share of the global automotive OEM key market.

Regional Analysis of Automotive OEM Key Market

In terms of region, the global automotive OEM key market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global automotive OEM key market in 2019. Rise in per capita income of the population coupled with rapid industrialization in the region has inflated the demand for passenger as well as commercial vehicles. This high demand, along with lucrative government policies and inexpensive labor has attracted numerous automakers to establish their production facilities in Asia Pacific. This growing presence of major automakers has boosted the sales and production of vehicles in Asia Pacific, thus fueling the automotive OEM key market in the region.

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Automotive OEM Key Market Players

Prominent players operating in the global automotive OEM key market include Altuna Group, Chiavit (Tornado Group), Continental AG, Credit Card Keys, dormakaba Holding, Garin System Co. Ltd, Hangzhou Zhengdian Technology Co., Ltd., Heights Security, Inc., LOCKMASTERS INCORPORATED, Mitsubishi Electric Corporation, One-Tool Co., Limited, QINGDAO EVERISE INT’L CO., LTD., Qinuo Electronics Co., Ltd., Runking Technology Co., Ltd, Sakthi Industries, Spark Minda, STRATTEC SECURITY CORPORATION, and TSNEW TECHNOLOGY CO., LIMITED.

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Bias Tire Market Value, and Competitive Landscape 2030

According to the report, the global bias tire market is projected to reach US$ 9.2 Bn by 2030, expanding at a CAGR of ~4% during the forecast period. Rise in sale of passenger and commercial vehicles across the globe is likely to propel the bias tire market across the globe. In addition, increase in small- and medium-scale industries across the globe is expected to boost manufacturing industries, which, in turn, is projected to fuel the bias tire market across the globe.

The rate of adoption of agriculture tractors and equipment has increased globally. The surge in the affordability of tractors and income of farmers are driving the demand for bias tires for agriculture tractors, which is anticipated to boost the bias tire market across the globe.

Bias Tire Market: Dynamics

Growing acquisition and agreements among leading tire manufacturers across the globe are boosting the bias tire market across the globe. In 2019, MICHELIN acquired 20% stake in a retailer PT Penta Artha in partnership with Indomobil and other private investors. The acquisition of the retailer is estimated to boost the marketing and sales of MICHELIN in Indonesia. China witnessed a surge in both general trade volume and proportion, escalating to 15.66 Trn Yuan. China trade volume accounted for 56.4% of total foreign trade. Major trading partners of China are the U.S., the European Union, and ASEAN.

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Based on vehicle type, the global bias tire market has been segmented into passenger vehicle, light commercial vehicle, heavy commercial vehicle, construction & mining vehicle, agriculture tractor, and industrial vehicle. Agriculture vehicle is likely to be a highly lucrative segment during the forecast period.

The rise in demand for agriculture tractors is estimated to drive the demand for bias tire across the globe. In terms of type, the bias belted tire segment accounted for a significant share of the global bias tire market. Rise in construction activities across the globe is likely to increase the demand for heavy vehicles, which is anticipated to boost the bias tire market across the globe.

Bias Tire Market: Regional Analysis

In terms of region, the global bias tire market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific dominated the global bias tire market in 2019. It is anticipated to hold a leading market share during the forecast period, due to rise in automotive industry across the globe. North America is also anticipated to hold a significant share, in terms of revenue, of the global market during the forecast period.

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Bias Tire Market: Key Players

Prominent players operating in the global bias tire market include Bridgestone Corporation, MICHELIN, The Goodyear Tire & Rubber Company, Continental AG, Cooper Tire & Rubber Company, YOKOHAMA Rubber CO. Ltd., Pirelli & C S.p.A., JK Tire & Industries Ltd, Sumitomo Tires, Giti Tires, Hankook Tire & Technology Co. Ltd., KUMHO Tire, Apollo Tyres Ltd., Nokian Tyres, Toyo Tires, ZC Rubber, and BKT Tire.

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Animal Feed Micronutrients Market Demand, Opportunities & Forecast To 2025

The global animal feed micronutrients market has witnessed a major transition in terms of quality control and demand, over the past few years. They are considered to be an important animal feed additive and are widely used for improving feed quality in order to enhance yield and the overall health of the cattle. Animal feed micronutrients support complex functions in animal production and help in the improvement of enzyme system operation which is expected to exhibit a positive influence on the growth of the market.

Rising demand for protein food due to nutritional deficiencies is one of the key factors influencing the growth of the market at present. Increasing pet adoption is another key factor influencing the growth of the animal feed micronutrients market. According to the ACSPA, and approximate of 3.2 million shelter animals are adopted every year in the U.S. Further, according to the American Pet Products Association, an approximate of 78 million dogs and 85 million cats are owned in the U.S. This has called for an increase in expenditure on animal care combined with the success of animal feed micronutrients in fertility and growth in the animals has shown a positive effect on the growth of the market. Moreover, escalating demand of animal protein from meat and milk producing cattle combined with the recent disease epidemic in cattle is another major factor fuelling the demand for animal feed micronutrients market, globally.

However, the market is likely to be restrained by the lack of awareness about such products and the benefits associated with them among poor and uneducated farmers. Critical dosage application is yet another major factor restraining the growth of the market at present.

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However, rising meat export and rapid urbanization rising export of meat is expected to retain the growth of the market in the coming years. Further, innovations taken up by the leading manufacturers operating in the field of animal feed micronutrients is yet another opportunity for the growth of the market.

Based on micronutrients, the market is classified into zinc, iron, copper and manganese. Based on livestock, the market is classified into poultry, ruminant, swine, aqua and equine. Ruminant and poultry are expected to be the dominant segments and are expected to retain market dominance throughout the forecast period due to rising demand for the same from farm owners. Further, rising meat consumption coupled with a rapid shift towards poultry food is anticipated to complement the growth of the market.

Based on geography, the market is classified into North America, Europe, Asia Pacific, Middle East and Africa and Latin America. Asia Pacific is expected to dominate the market throughout the forecast period. This is due to the large population of cattle in Asia Pacific. North America and Europe are expected to project fair growth during the forecast period. U.S. is the major market for animal feed micronutrients in North America while Argentina and Brazil are two of the major markets in Latin America. Asia Pacific however is the fastest growing region due to the increasing demand for the same from India and China. China and India are the major contributors to the growth of the animal feed micronutrients market in Asia Pacific.

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The global animal feed micronutrients market is marked by some intense competition from the major players operating in this market. Frequent mergers and acquisitions, joint ventures and partnerships, product innovations and expansions are some of the key strategies adopted by these players in order to ensure sustenance in this market. Major players include Archer Daniels Midlands Company, Cargill Inc., Lallemand Inc., Novus International Inc., Nutreco N.V., Zinpro Corporation and Kemin Industries among others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Whitening Ingredients Market Growth, Development Status, Future Plans Analysis by 2023

Most personal care products with skin whitening ingredients available in the market for unalterable skin lightening are formulated with synthetic ingredients. The global whitening ingredients market is primarily driven by increasing expectations to possess a lightened, blemish free and radiant skin tone. Moreover, consumers in the Western countries are aware of the effectiveness of ingredients formulated in personal care products; hence, products with added features are expected to boost growth of the market.

Consumers are now more health and environment conscious, and products with all-natural ingredients are supposed to be more effective; hence, more growth is expected from natural specialty ingredients. In addition, innovations in formulating products with different types of plant extracts with added features are expected to drive the market growth. Furthermore, robust growth of retail products is anticipated to drive future market potential. The growth of plant extracts and developing opportunities in the West are projected to drive the market. Additionally, the quest to improve efficiency through research and development is expected to continue to meet the consumers’ need.

Healthy skin radiance and glow can be maintained by choosing herbal, plant extracts and various other natural ingredients. In developed markets such as Western Europe and North America, consumers prefer premium products, and this preference drives the growth of the natural whitening ingredients market.

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Furthermore, Consumers’ higher earning potential helps to provide additional revenue for expenses on premium products such as face cream and face masks among others. Phenolic-based ingredients are expected to hold major market share as a result of increasing and stable demand from the Asia-Pacific region. Moreover, phenolic compounds are the ingredients predominantly used in skin whitening personal care products as they are cheaper in cost and are easily absorbed into the skin. Non-phenolic compounds used in personal care products are arbutin, kojic acid, vitamin E, vitamin C, and niacinamide.

Global whitening ingredients market is segmented into chemistry type, end-product type and geography. Different types of ingredients are used in formulating personal care products, and each ingredient is functionally unique in action. The ingredients are majorly applied target skin whitening, skin lightening, and improved skin radiance Whitening ingredients are used in personal care products such as creams, lotions, gels, serums, face masks, bathing bar soaps, and bathing liquids. On the basis of end product type, the whitening ingredients market is bifurcated into skin whitening, teeth whitening among others.

Asia Pacific is the largest market for whitening ingredients and products, followed by Europe and North America. China is expected to experience highest growth rate in the coming years. Rising disposable income of middle class people and increasing consumer awareness towards ingredients in developing countries such as India, China is boosting the demand of personal care products with whitening ingredients market worldwide.

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Moreover growing inspiration to charming and look young among aging population of western countries is keeping the growth rate steady in North American and Europe market. Huge demand from regional markets such as India, China, the Middle East and Brazil are expected to drive the total demand for whitening ingredients over the forecast period. Huge investments towards research, innovation and technology have resulted in development of many new whitening ingredient based personnel care product in recent years.

Some of the key players operating in the whitening ingredients market are Beiersdorf AG (Germany), E. T. Browne Drug Company, Inc. (U.S.), Dabur India Limited (India), Company Limited (Japan), Clarins SA (France), CavinKare Pvt. Ltd. (India), Elder Health Care Ltd. (India), Jolen, Inc. (U.S.), Hindustan Unilever Ltd (India), Emami Limited (India), Kao Corporation (Japan), Shiseido Kanebo Cosmetics, Inc. (Japan), and the Procter & Gamble Company (U.S.) among others.

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Multi Touch Screens Market Growth Prospects and Top Key Players

Multi-touch technology is becoming much sought after with its rising number of applications in various areas. Presently, Apple’s iPhone is the most well-known example of multi-touch technology. Apple applied the multi-touch technology to its mobile phone to support stretching and pinching gestures on the screen for zoom control. Determining and analyzing the numerous forces that govern the multi touch screens market, this report acts as a comprehensive prototype for any business that wants to etch a niche in the multi touch screens market.

The report provides a comprehensive study and analysis of the multi touch screens market. Qualitative and quantitative evaluation by leading industry experts forms a vital part of the report; this evaluation is integral to corporate strategies. Historical functioning of the multi touch screens market and growth advancements in the form of statistics are provided to help organizations make profitable decisions.

Research techniques and current state analysis tools such as SWOT analysis, value chain analysis, and Porter’s five forces analysis have been adopted in the multi touch screens market research report. The report also deploys strategic propositions that can be utilized by industry leaders for a sustainable business model in the multi touch screens market.

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Overview of the Multi Touch Screens Market

Multi-touch technology is usually based on the capacitive touch technology rather than resistive touch technology. Multi-touch technology has provided an alternative to traditional keypads, keyboards, or mouse. This technology is experiencing rising demand due to the expanding utilization of devices enabled with multi-touch. Tablets, smartphones, and other consumer electronic products are equipped with multi-touch technology today. These products form the predominant share of the multi-touch screens market.

Based on technology, the multi-touch screens market is segmented into capacitive, resistive, camera-based, vision-based, infrared, acoustic, embedded, and others. Based on application, multi-touch screen technology is segmented into entertainment, infotainment, retail, educational, government and corporate, and public space applications.

Based on product type, the multi-touch screens can be segmented into consumer electronic products such as mobile phones, tablets and music players; IT electronic products such as touch pads and multi touch mouse; all-in-one PCs, and miscellaneous electronic products such as kiosks, interactive screens, ATMs, and hospitality counters.

This exceptional expansion of the multi-touch screens market is predicted due to the rise in the sale of mobile phones, broadening of the tablet market, and an increase in applications that embed the multi-touch technology. Additionally, demand from corporate buyers for multi-touch screen panels is predicted to spur market growth to a remarkable degree.

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New and emerging retail, advertising, and media applications are likely support the market growth in the foreseeable future. To sum up, the blend of multi-touch technology with 3D imaging as well as video calling will augment the growth of the multi-touch screens market through the forecast period of this report.

Key players in the Multi Touch Screens Market

The report discussed business verticals of the following vendors in the market: Microsoft Corporation, Apple Inc., 3M, 3M8 LLC, Alps Electric, Fujitsu Ltd, Hewlett-Packard, Immersion Corporation, Panasonic Corporation, Cypress Semiconductor Corporation, Samsung Electronics, TPK Holding, U-touch UK, and Wintek Corporation.

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Metal Ceramic Heater Market Revenue, Prospects & Forecast 2021-2030

 

• A metal ceramic heater generates heat using heating element PTC (Positive Temperature Coefficient). They are highly efficient and save energy and are usually used for warming up a room or office during winters.
• A number of ceramic plates are attached to coils of metal in the metal ceramic heater that heat up and the plates absorb the heat and release it into the air in the room.

Key Drivers of the Metal Ceramic Heater Market

• Metal ceramic heaters are highly demanded by consumers because they warm up the environment very easily and since they do not use fire, prevents the risk of burning. Also, these heaters have fans inside which prevents it from overheating, thus increasing its security.
• Metal ceramic heaters are highly efficient and do not waste a lot of energy and they can also reduce the electricity bill if installed at home or offices, which increases their demand.
• One of the major drivers of metal ceramic heaters is that it is portable. They are usually not very large and can easily be moved from one room to another, which gives it an advantage over central heating.

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Factors Restraining the Metal Ceramic Heater Market

• Metal ceramic heaters do not heat a very large space and are best for smaller areas such as a room or a small office. Also, the heat transfer in the room can be blocked by physical objects.
• Metal ceramic heaters without a fan are slow to heat up a room and most types have to constantly run using electrical energy to deliver heat.

North America to Hold Leading Share of the Global Metal Ceramic Heater Market

• In terms of geography, the global metal ceramic heater market can be divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America
• Country and sub-region level analysis of North America features the U.S., Canada, and Rest of North America. Analysis and forecast of the metal ceramic heater 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 market analysis and forecast of GCC, South Africa, and Rest of Middle East & Africa. The metal ceramic heater market in South America is segmented into Brazil and Rest of South America.
• North America dominated the global metal ceramic heater market in 2018, attributed to the growth in housing and construction sector in the region. Growth in population and increasing environmental concerns have been driving the metal ceramic heater market in North America, particularly in the US and Canada.
• The metal ceramic heater market in North America is projected to expand at a rapid pace, followed by Asia Pacific, and Europe during the forecast period.

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Key Players Operating in the Metal Ceramic Heater Market

The global metal ceramic heater market is highly competitive, owing to the presence of several global and regional players. Major players are adopting various strategies such as regional expansion and product portfolio expansion to consolidate their position in the market. A few key players operating in the global metal ceramic heater market are:

• FKK Corporation
• Innovacera
• NTK Technical Ceramics
• Kyocera Document Solutions
• Thorlabs
• Watlow
• Analog Technologies
• Heat Scientific

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