Global Automotive Crankshaft Market to Rise at 2.1% CAGR 2015-2021, Use in Passenger Vehicles to Propel Market

A new research report published by Transparency Market Research studies the various factors governing the automotive crankshaft market. The research report, titled “Automotive Crankshaft Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” states that the remarkable growth in the automobile sector in the past few years has led to a surge in the demand for automotive crankshafts across the globe. The proliferating automotive sector in emerging economies has also made a significant contribution to the growth of the global automotive crankshaft market. According to the research report, the global automotive crankshaft market was valued at US$2.52 bn in 2014 and is expected to reach US$2.92 bn by 2021, at a 2.1% CAGR between 2015 and 2021.

A crankshaft performs the task of converting reciprocating motion to rotational motion. It is the link between the input and output of the vehicle and the reason why the car gains its movement. On the other hand, in a reciprocating compressor, a crankshaft converts the rotational motion into reciprocating motion. The crankshaft uses crank throws or crankpins to make these conversions. Crankshafts are an exceptionally important part of an engine as they transmit power to drive wheels.

The global automotive crankshaft market is segmented on the basis of vehicle, type of crankshaft, material, and geography. The vehicles using automotive crankshafts are heavy commercial vehicles, passenger vehicles, light commercial vehicles, MUVs, SUVs, and others. The types of crankshafts being used are cross plane and flat plane. The materials used for making these are forged steel, cast iron, and others. Geographically, this market is segmented into Europe, Asia Pacific, North America, and Rest of the World.

Of all the types of vehicles, the passenger vehicle segment was the biggest consumer of automotive crankshafts 2014. This demand was a result of the burgeoning middle class and the growing demand for passenger vehicles amongst them. In the coming years, this segment is set to witness a steady growth rate due to rising disposable incomes of several consumers that will allow them to buy passenger vehicles.

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Out of the types of crankshafts, the flat plane crankshaft segment held a dominant position in the overall market in 2014. In the coming years, the demand for machined crankshafts is also expected to rise due to growing production of high-end sports cars. On the other hand, the forged steel crankshaft segment is also expected to witness a positive growth rate due to the increasing sale of heavy commercial vehicles and diesel cars in several countries.

Some Key Players operating in the global automotive crankshaft market are ThyssenKrupp Crankshaft Company LLC, NSI Crankshaft, Bharat Forge Ltd, and Amtek Auto Ltd. The research report studies the unique factors such as management styles, financial overview, investment outlook, research and development activities, strategic mergers and acquisitions, business and marketing plans, and expansion ideas of these top players for the coming years. Additionally, the research report also provides a detailed understanding of the competitive landscape of the global automotive crankshaft market to its readers.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.  

Global Automotive Engine Management Systems Market to Reach US$210.6 bn by 2021; Europe to Emerge as Market Leader

Stringent fuel economy standards and the rising demand for technologically advanced engine management systems are the key factors aiding the expansion of the market for automotive engine management systems. In a recently published report, titled “Automotive Engine Management System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” Transparency Market Research studies the growth trajectory exhibited by the global automotive engine management system market in detail. The report also analyzes the factors driving and restraining the market.

The report forecasts the global market for automotive engine management system to expand at a steady CAGR of 5.5% between 2015 and 2021. The market stood at US$145.1 bn in 2014 and is anticipated to reach a valuation of US$210.6 bn by the end of 2021.

An automotive engine management system makes for one of the most integral parts in any vehicle. This system enables the vehicle to function efficiently and run smoothly on the road without any trouble. The system comprises an engine control unit (ECU), engine sensors, fuel pump, and various other components that help in transmitting data about the engine’s behavior to the engine management system. The emission, fuel efficiency, and the overall performance of every vehicle depend on the automotive engine management system.

Currently, the world recognizes the automotive industry as one of the fastest growing domains exhibiting immense opportunities for technologically upgrading vehicles for gaining better fuel efficiency and overall performance. Hence, with the advent of the latest technologies, the global automotive engine system market is poised to surge exponentially. The system is also considered indispensable for HCV, LCV, and passenger cars. Additionally, the rising disposable income of customers will allow them to spend on high-end models of cars and commercial vehicles, which will in turn fuel the demand for automotive engine management systems.

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Based on engine type, the global automotive engine management system market is bifurcated into diesel and gasoline. Of these, gasoline-run engines currently hold the largest share in the market. The dominance of this segment is mainly due to its superior fuel combustion and low maintenance needs. Based on vehicle type, the global automotive engine management system market is segmented into HCV, LCV, and passenger cars.

Regionally, the global market for automotive engine management systems was led by Europe in 2014. The presence of long-established original equipment manufacturers (OEMs) such as Mercedes Benz, BMW, and Volkswagen in the region aids the robust growth of the automotive engine management system market in the region. Asia Pacific is also expected to emerge as a lucrative market for automotive engine management systems with rapid expansion of the automotive industry in the developing nations in the region.

To provide a comprehensive overview of the competitive landscape, the report profiles companies such as Robert Bosch GmbH, Hitachi Automotive Systems Ltd., Delphi Automotive PLC, Denso Corporation, Sensata Technologies, Infineon Technologies AG, Continental AG, and BorgWarner Inc. The strengths and weaknesses of these companies are studied, and the threats and opportunities that they are anticipated to witness in forthcoming years are analyzed in detail.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Global Automotive Electronics Control Unit Management (ECU/ECM) Market to Exhibit 6.3% CAGR 2014-2020 owing to Rise in Number of Autonomous Cars

A recent market research report published by Transparency Market Research states that the global automotive electronics control unit management market is anticipated to expand at a CAGR of 6.3% during the period between 2014 and 2020. The report, titled “Automotive Electronics Control Unit Management (ECU/ECM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” projects the global automotive electronics control unit management market to stand at a valuation of US$43.72 bn by 2020. The overall market was worth US$28.6 bn in 2013.

Automotive electronics control units are widely used across various automobile segments such as commercial vehicles, utility vehicles, and passenger cars. Automotive electronics control unit management is implemented for the operation of various technologies including engine management, transmission control, body control, airbag restraint, and other systems. The ever-growing demand for automotive electronics control unit management from the emerging economies in Asia Pacific has fuelled the growth of the global automotive electronics control unit management market.

The report states that the growing demand for automotive embedded systems and the growing inclination toward a luxurious lifestyle have propelled the growth of the global automotive electronics control unit management market. However, the complexity of the system, coupled with cost pressures might play spoilsport in the growth of the market. The overall market has a huge opportunity to grow with the rise in the number of autonomous cars.

In terms of technology, the report segments the global automotive electronics control unit management market into the following systems: Engine management, transmission control, climate control, anti-lock braking, airbag restraint, power steering, and body control. Power steering dominates the market as the leading technology.

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On the basis of application, the report categorizes the global automotive electronics control unit management market into passenger cars, utility vehicles, and commercial vehicles. Passenger cars dominate the market, followed by commercial and utility vehicles.

The report studies the global automotive electronics control unit management market across four key regions: Europe, North America, Asia Pacific, and Rest of the World. Presently, Europe leads the overall market owing to the established base of the automotive industry in the U.K. and Central Europe. The implementation of strict compliance laws to ensure convenient and safe driving has propelled the growth of the market in Europe. However, during the forecast period, Asia Pacific is anticipated to register strong growth with the automotive industry focusing on building manufacturing facilities in the region.

Describing the competitive landscape, the report profiles some of the Key Players in the global automotive electronics control unit management market such as Denso Corporation, Continental AG, Robert Bosch, Delphi Automotive Plc, General Motors Company, Lear Corporation Hyundai Mobis Co. Ltd., Alps Electric Co. Ltd., Panasonic Corporation, and Hitachi Automotive Systems Ltd. The report also offers insightful details about the market players including their company overview, business strategies, financial overview, and recent developments.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Global Automotive Tire Market to Exhibit 6.8% CAGR 2015-2021 driven by Growing Demand from Asia Pacific

According to a recent market research report published by Transparency Market Research, the global automotive tire market is estimated to expand at a CAGR of 6.8% during the period from 2015 to 2021. The report, titled “Automotive Tire Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” projects the global automotive tire market to reach a valuation of US$298.15 bn by 2021. The overall market was worth US$188.37 bn in 2014.

Though the global automotive tire market is a mature market, it still has the potential for robust growth over the next few years. In the aftermath of global economic recession, the market had witnessed a significant decline. However, in the last couple of years, the automotive industry has been picking up pace and in turn, has boosted the demand for tires. Introduction of technologically modified green tires is fuelling the growth of the global automotive tire market owing to their advanced features such as better grip and durability.

The report states that the rise in commercial and passenger vehicles has fuelled the demand from the global automotive tire market. Rapid advancements in technology and the growing demand for ecologically viable tires have further augmented the growth of the market. During the forecast period, the demand for luxury and sports utility vehicles, coupled with growing focus on consumer safety and stringent government regulations, is expected to play an important role in the expansion of the market.

On the basis of types of tire, the report broadly categorizes the global automotive tire market into bias tires and radial tires. Advancements in technology have propelled the demand for radial tires and this product segment holds the majority of the market.

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In terms of application, the report segments the global automotive tire market into light commercial vehicles, passenger vehicles, two wheelers, and heavy commercial vehicles. In 2014, passenger vehicles dominated the overall market. This application is anticipated to register robust growth during the forecast period owing to the high demand for passenger vehicles across Asia Pacific and Europe. In countries such as the U.S., Germany, and France, passenger vehicles are most commonly used. High per capita income and changing lifestyle are expected to propel the demand for passenger vehicles in these countries.

The report studies the global automotive tire market across four key regions: Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific has been the largest market for automotive tire due to growing demand for vehicles across countries including China, India, Japan, and Australia. Rapid growth of two wheelers and passenger vehicles has also augmented the growth of the market in this region.

Describing the competitive landscape, the report profiles some of the Key Players in the global automotive tire market such as Goodyear, Bridgestone, Continental, Michelin, Pirelli, Yokohama, and MRF Tyre. Detailed information about the key players including their company overview, product portfolio, financial overview, revenue, geographical presence, business strategies, and recent developments have has been included in the report.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Rising Stress on Consumer Safety to Drive Global Automotive Airbag Market at 8.1% CAGR between 2014 and 2020

Transparency Market Research has recently published a new research report to explain the various trends and dynamics shaping the global automotive airbag market. The research report, titled “Automotive Airbag Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,” suggests that the growing demand for passenger safety while driving and the supportive regulatory framework are likely to propel the overall market. Researchers have also ascertained that the increasing production of vehicles across the globe is all set to augment the global automotive airbag market. According to the research report, the global automotive airbag market was valued US$17.24 bn in 2013 and is expected to rise to US$29.72 bn by 2020 at a promising CAGR of 8.1% between 2014 and 2020.

Airbags are passive safety features of a vehicle that are deployed to prevent injuries to drivers and passengers in the case of road accidents. They are made up of a fabric envelope, which is designed to inflate in case of a collision to prevent any kind of head or chest injuries. Owing to the advanced safety solution that airbags offer, they are available at a premium in the majority of the cars being sold in the global market. To tap buyers who cannot afford the premium vehicle pricing, several airbag manufacturers, OEMs, and system integrators are investing in research and development to manufacture cheaper airbags. The challenge of ensuring the durability of cheaper airbags, which may be fitted in low-cost cars continues to puzzle the overall automotive industry.

The global automotive airbag market is segmented on the basis of type into front airbag, knee airbag, side airbag, and curtain airbag. Geographically, this market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Out of all these, front airbags hold a major share in the global automotive airbag market.

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As of 2013, Asia Pacific held the largest share in the overall market and is anticipated to surge at a CAGR of 8.5% between 2014 and 2020. Factors propelling the automotive airbag market in Asia Pacific are: The changing preferences of car buyers, exponentially increasing demand for vehicles, and improving lifestyles.

Furthermore, increasing investments in research, improving the quality of research, and usage of airbags in low-cost cars will collectively have a positive impact on the growth of the global automotive airbag market in all regions all through 2020. Technological advancements will play a significant role in the proliferation of this market all across Europe and North America along with rising concerns about consumer safety and comfort.

Some of the Important Players in the global automotive airbag market are Key Safety System, Autoliv Inc., Delphi Automotive PLC, TRW Automotive Holdings, and Takata Corporation among others. The research report provides a clear understanding of the competitive landscape of the automotive airbag market and the regulatory framework governing it. Additionally, the research report also provides an assessment of the financial overview, research and development strategies, business and marketing plans, expansion plans, management styles, and investment outlook for the near future.

About Us :

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.  

A new Transparency Market Research report states that the global automotive steering systems market stood at US$24.5 bn in 2014 and is expected to reach US$39.1 bn by 2021. It is expected to expand at a CAGR of 6.20% from 2015 to 2021. The title of the report is “Automotive Steering Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021”.

As per the report, the market for automotive steering systems is majorly fuelled by the rising demand from the automotive sector in developing markets and the growing demand for fuel-efficient vehicles. In addition, factors such as the rising vehicle production globally and the growing demand for easy vehicle maneuverability have also resulted in the growth of the companies operating in the market for automotive steering systems. Furthermore, the soaring prices of fuel have resulted in a growing demand for fuel-efficient vehicles from consumers, thus augmenting the demand for hydraulic power steering as well as electro-hydraulic power steering systems. This is further having a positive impact on the market for automotive steering systems. On the other hand, factors such as the requirement for huge capital investments for carrying on research and development activities in automotive steering systems may reduce their demand in forthcoming years.

The report segments the market on the basis of vehicle type, type of steering, and geography.On the basis of vehicle type, the automotive steering systems market is segmented into light commercial vehicles (LCV), heavy commercial vehicles (HCV), and passenger vehicles. Out of these, the passenger vehicle segment is fuelled by their rising demand in the developing economies of India, Japan, and China. In terms of types of steering, the market is segmented into hydraulic power steering, electro-hydraulic power steering, and electronic power steering. Electronic power steering is much easier to operate and offers enhanced mileage in comparison to the segment of hydraulic power steering. However, the segment of electro-hydraulic power steering is poised to witness the highest demand owing to the presence of the favorable qualities of both electronic power steering and hydraulic power steering in this segment.

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On the basis of geography, the market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, on the basis of revenue, the Europe market led the market in 2014 and was trailed by North America. However, the automotive steering systems markets in these two regions will witness slow growth in the forecast horizon owing to impending market maturity here.

The Top Players operating in the market are Mitsubishi Electric Corporation (Japan), ZF Friedrichshafen Manufacturing Company (Germany), Hyundai Mobis Co. Ltd (South Korea), TRW Automotive Holdings (U.S.), Sona Koyo Steering Systems Ltd (India), JTEKT Corporation (Japan), Robert Bosch Automotive Steering GmbH (Germany), Nexteer Automotive (U.S.), China Automotive Systems Inc. (China), and ThyssenKrupp Presta AG Aktiengesellschaft (U.S.), among others, as per this research report.

About Us :

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.  

Global Automotive Lighting System Market to Expand at 8.10% CAGR from 2015 to 2021, Propelled by Increasing Production of Vehicles

Transparency Market Research has published a new report on the global automotive lighting system market. As per the report, the global automotive lighting system market is predicted to progress from US$19.9 bn in 2014 to US$34.1 bn by 2021. The report, titled ‘Automotive Lighting System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,’ states that the global automotive lighting system market is expected to expand at an 8.10% CAGR during the period between 2015 and 2021 due to the increasing production of vehicles and the increasing use of advanced lighting technologies such as HID, LED, and halogen.

The automotive market is one of the fastest developing markets across the globe and is predicted to register significant growth during the period between 2015 and 2021. The development of the automotive market is expected to propel the global automotive lighting system market in the near future. The rising demand for LED, halogen, and HID lighting systems is predicted to contribute to the growth of the global automotive lighting system market in the years to come.

The leading players in the global automotive lighting system market are focusing on manufacture and introduction of new auto lighting systems to stay in the competition. Some of the prominent companies operating in the global automotive lighting system market are Hella KGaA Hueck & Co., Stanley Electrics Co. Ltd., Valeo S.A., Hyundai Mobis, Koninklijke Philips N.V., Magneti Marelli S.p.A, Osram Licht AG, and General Electric.

The growing focus of auto manufacturers on customer safety and comfort is predicted to propel the global automotive lighting system market in the next few years. The production of electrical and hybrid vehicles has increased in the recent past. These vehicles are also equipped with high-quality lighting systems that match the changing trends and customer preferences. The increasing production of hybrid vehicles and electrical vehicles is predicted to boost the demand for new lighting systems throughout the forecast period.

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The global automotive lighting system market is segmented on the basis of vehicle, position, and geography. By vehicle, the global automotive lighting system market is classified into passenger vehicles, SUVs, luxury vehicles, heavy vehicles, and MUVs. The demand for passenger vehicles is increasing from the middle-class population. Considering the growing middle-class population and their growing preference for passenger vehicles, the passenger vehicles segment is expected to hold the leading position in the global automotive lighting system market in the coming years.

The high cost of LED and HID lighting is predicted to hamper the growth of the global automotive lighting system market. By position, the global automotive lighting system market is divided into side lighting, rear lighting, front lighting, and interior lighting. The front lighting segment is predicted to be the largest segment of the global automotive lighting system market in the coming few years.

Based on geography, the global automotive lighting system market is divided into Asia pacific, North America, Europe, and Rest of the World. Currently, Europe dominates the global automotive lighting system market; however, Asia Pacific is predicted to the fastest growing region in the coming few years.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Automotive Heat Shield Market : Global Industry Analysis, Growth, Trends Forecast Up to 2023

Transparency Market Research Added A New Report "Automotive Heat Shield Market". Heat shields are one of the major automotive components used in automobiles. During internal combustion of engine in automobiles, huge amount of heat is generated and heat shields are used in engines to protect the bodywork and other components from high temperature. In addition, heat shields provide performance benefit by reducing the under bonnet intake temperature. The price of heat shields vary by type and size and can be easily fitted by high temperature tapes or stainless steel clamps. There are two major types of heat shields – rigid heat shield and flexible heat shield. Rigid heat shields are generally made from solid steel and aluminum. High-end rigid shields are made from aluminum sheets and other materials that usually come with a ceramic thermal barrier coating in order to improve the heat absorbing capacity. Flexible heat shield is made from thin aluminum sheets, which are either sold in a roll or flat. As the name suggests, flexible heat shields are malleable, which can be bent easily by hand to fit into suitable parts of an automobile. High-end flexible heat shields include ceramic insulation which is applied by plasma spraying. Such high performance flexible heat shields are used in Formula 1 motorsport. The other type of heat shield known as textile heat shield is used in other automotive components such as exhaust system, DPF and turbo.

The global automotive heat shield market can be classified by type of vehicle; namely, passenger car, light commercial vehicle and heavy commercial vehicle. The applications can be sub-divided into under chassis heat shield, under bonnet heat shield, engine compartment heat shield, turbocharger heat shield and exhaust system heat shield. Moreover, the global automotive heat shield market has been segregated by geography under the regions, North America, Europe, Middle East and Africa (MEA) and Latin America.

Some of the major factors driving the growth of the automotive heat shield market are the increasing production and usage of vehicles across the globe, and technological advancements leading to numerous application of heat shield in various automotive components. The factors inhibiting the growth of the market are the rise in the prices of vehicles and emerging trend of battery driven vehicles. In addition, the opportunities for the automotive heat shield market are the increasing stringent government regulations for reducing the Nvh level in automobiles and downsizing trend of engines in vehicles.

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Europe is expected to hold the largest market share in the global automotive heat shield market followed by North America, Asia Pacific, (MEA), and Latin America. Advanced automotive heat shields are largely in demand in North America and Europe. Although countries such as India, China, Japan, UAE, Russia and Brazil are the major automotive heat shield market in the Asia Pacific, MEA and Latin America region, yet the three regions are considered as emerging markets for automotive heat shield.

Some of the Key Players in the global automotive diagnostics scan tools market include: Dana Holding Corporation, Covpress Ltd., UGN Inc., Happich GmbH, Progress-Werk Oberkirch AG, Federal-Mogul Corporation, Morgan Advanced Materials, Autoneum Holding AG, Elringklinger AG and Lydall Inc.

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.  

Automotive Glass Market - Industry Analysis, Growth, Trends Forecast 2023

Different types of glass used in the automobile industry, such as windscreen, side and rear windows, and glass panel roof, are collectively known as automotive glass. The Automotive Glass Market can be primarily divided into two segments: Aftersales Replacement Glass (ARG) and Original Equipment Manufacturer (OEM) glass.Aftersales Replacement Glass (ARG) is used in maintenance and repairing activities in post-sale products. On the other hand, Original Equipment Manufacturer (OEM)glass is sold to vehicle manufacturers primarily for installation on new automobiles.Demand for ARG is 15% to 20% of the total demand for automotive glass, while remaining demand is generated by OEM glass. Generally, automotive glass accounts for 3% of the total vehicle weight. Demand for automotive glass dependsondemand from the automotive industry.In 2014, the automotive industry accounted for 15% of the total float glass market. Out of this, 95% was accounted by the mainstream automotive industry including trucks, buses, coaches, and off-road mobile machinery. The remaining 5% is used in the transportation sector in inland waterways, trains, trucks, metros, ships, etc.

Market prices of automotive glass depend on its demand in the market and raw material cost. After the economic slowdown in 2008, the automotive glass market witnessed rise in demand due to increase in production of automobiles. Average global price of automotive glass was highly variable from 2008 to 2010; however, it stabilized after 2010,depicting consistency in the automobile market.The automotive glass industry is expected to witness growth in the next few years due to increasing global GDP and urbanization. Side glazing is the latest trend in the automotive glass market; hence, average glass used per vehicle has increased.Complexity and value of the glass being delivered to the automotive industry is increasing to satisfy the end userwith security and safety requirements. Research and development is being carried by automotive glass manufacturers to introduce innovative features and technology.The OEM market has to overcome restraints to enterthe market by following a long certification cycle, including third-party certification, design automobile factory certification, testing, and bid invitation. Whole vehicle manufacturers rely onlogistics supply, high-standard synchronous R&D, production technology, and product quality of auto glass production, while the OEM market has high concentration rate and large demand.End-users choose auto glass manufacturers with high brand awareness and large-scale suppliers.Automotive smart glass with auto dimming properties has drawn attention of the automotive industry. Manufacturers prefer advantageous location of production base and realize short-distance supply to reduce costs. The smart glass segment of automotive glass manipulatesand optimizes natural light, cooling and heating load, lighting load etc.

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In terms of consumption of automotive glass, currentlyEurope accounts for more than one-third share of the global automotive glass market, followed by North America and Asia Pacific. China, Japan, South Korea, European Union, and North America account for 93% of the global automotive glass market. The automotive market in North America is estimated to be one of the fastest-growing markets with a vehicle production growth rate of 5.6% during the forecast period. Production of light commercial vehicles has also grown rapidly in North America at the rate of 9.7% during the forecast period. China, is responsible for almost 10% of the global share and also have a lion’s share in global OEM market.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Automotive Front End Module Market - Global Industry Analysis, Growth, Trends and Forecast 2023

Transparency Market Research Report Added "Automotive Front End Module Market" Automotive font end module is a typically multi-piece assembly of various components such as font lighting, air conditioning condenses, radiator, cooling fan, crumple zone and bumpers among others. This practice of manufacturing the whole front end of a vehicle separately by outsourcing them to outside vendors is known as modular assembly Modular assembly gained its importance for reducing product engineering cost, labour cost, and logistics cost. This has led to the modularization of vehicle parts, thus reducing assembly line processes and speeding up the overall production time of a vehicle. Vehicle manufacturers have standardized front, end components such as radiator, headlights, crumple zone and cooling fan assembly among others of vehicles and have outsourced these modules to outside vendors. This has helped to reduce the overall cost of manufacturing a vehicle by reducing the setup and maintenance cost of assembly lines.

Production cost saving strategies and innovation of front end modules has led to the minimization of labour cost, assembly cost and increasing pedestrian safety. The above mentioned factors would drive the global automotive front end module market. To sustain the consumer’s demand for vehicles and hold their market position, the manufacturers must find an innovative solution that would reduce the production cost of vehicles, yet decreasing the assembly time and delaying product delivery. This is only possible through modularization of vehicle parts and creation of platform based product family.

By outsourcing a complete portion of a vehicle, the manufacturer minimizes a significant number of assembly-line steps that reduces the hassle of interacting with numerous subsystem suppliers, and also reduces tooling costs and, thus it improves the company’s working capital. Just because the underlying structure of front end modules can be standardized, manufacturers uses a common design to be used across multiple models sold into multiple regions, thus reducing production cost at an average of 20 to 30 percent. This is the major reason for the growth of the front end module market in the automotive industry because of its time and cost saving benefits for the automotive manufacturers.

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Some of the major factors driving the front end module market is the growing vehicle production across the world and increasing demand for vehicle parts modularization. The major restraints that would be hindering the growth of front end module market is the growing after market.

The automotive front end module market can be distinguished by component outlook, vehicle type and material type. In the component outlook, there are generally eight types; fenders, front grill, headlight, radiator, bumper, condenser crash management systems and others. The vehicle type outlook can be further segmented into three types, passenger vehicle, heavy commercial vehicle and light commercial vehicle. On the other hand in the material type outlook, the market is segmented into five types. This contains aluminum, composites, steel, plastic and hybrid.

Europe held the largest market share for automotive front end module market because of the heavy R&D carried out in this field and regulations set by the European Union (EU) for pedestrian safety. In Asia-Pacific region, demand for affordable vehicle is increasing at an increasing rate due to the demand from developing nations such as India and China among others. Modularization of vehicle parts is the only option for the manufacturers to meet the demand of the people and keep the price of the vehicle reasonable.

Some of the Major Players in this industry are Faurecia SA (France.), Mahle GmbH (Germany), Hbpo Group (Germany), DENSO Corp (Japan), Faurecia (France), Magna International Inc.(U.S), Hyundai Mobis (South Korea), and Valeo S.A. (France), among others.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Automotive Telematics Market To Benefit From Deployment Of Modern Transport Management Systems

Transparency Market Research presents a study on the global automotive telematics market, titled “Automotive Telematics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”. The report delves into the various factors that will favor the adoption of automotive telematics technology, a relatively new technology, in the bid to offer a satisfactory driving experience in terms of vehicle mechanism in different driving conditions.

The automotive telematics market is bound for favorable growth during the forecast period, says the report. Automotive telematics involves a combination of telecommunication and informatics to offer a host of benefits for road transportation, road and vehicle safety, and vehicular technologies applications. Typically, automotive telematics is an integrated system of wireless communication technologies such as mobile data, satellite navigation, vehicle tracking, electronic devices such as sensors, and computer science.

In the system, each and every point is important for receiving and sending signal, the failure of which can crash the entire system. To explain this, sensors such as the accelerometer, gyroscope, odometer etc. calculate parameters of speed, distance, direction, and objects in the vehicle’s proximity, which are sent over a wireless communication network such as cellular, radio, and satellite to the control unit that the vehicle is connected with. On receiving this information, using pre-programmed algorithms, the control unit analyzes the information for decisions that are relevant to vehicle motoring.

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Automotive telematics has bestowed benefits such as driving assistance, automatic driving, vehicular emergency warnings, global positioning system (GPS) navigation, and wireless safety communications, all which add to a safe and enjoyable driving experience on the roads.

An increasing number of vehicular mishaps and road accidents across the world has been a major factor driving the automotive telematics market. Economic development, urbanization predominantly in developing nations, has led to an abrupt increase in the number of vehicles that require efficient transportation management for the same. This has given a boost to the automotive telematics market as the technology helps in minimizing vehicular damage and human casualties in developing nations, and other parts of the world as well.

The need for efficient vehicular transportation for handling mass traffic congestions and unorganized transits is another factor leading to the installation of automotive telematics systems. With automotive telematics, drivers can better manage such problems through motoring guidance capabilities that help with re-routing and automatic vehicle motoring.

However, the market for automotive telematics is challenged with communication breakdown and device error problems. As the control unit is dependent on signals received from sensors for motoring decisions, even a minuscule error can be catastrophic, causing both human loss and damage of property. Automotive telematics is heavily dependent on communication networks, which in the event of a breakdown, renders the entire system useless.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Global Automotive Interior Materials Market Trends And Growth 2023

(Material: Leather, Thermoplastic Polymers, Fabric, Vinyl and Wood; Application: Heavy Commercial Vehicle, Light Commercial Vehicle and Passenger Vehicle)

  

New market report published by Transparency Market Research “Automotive Interior Materials Market .Automotive interior materials includes materials such as leather (artificial or PU leather, PVC leather, synthetic leather and genuine leather), thermoplastic polymers, fabric, vinyl and wood. Thermoplastic polymers and leather are the vital segments, which generates the largest revenues among all automotive interior materials. The automotive interior materials market is expected to grow at a considerable rate in the coming years considering the launch of new segment of vehicles (hybrid and electric) and introduction of new technologies in automotive interior materials. Key opportunity areas of automobile interior materials applications are expected to deal with comfort solutions for automobile users, which may include dirt-repellent antimicrobial textiles and surfaces, anti-glare coated mirrors and nano filters. Climate controlled automotive seats based on thermo-electric technology, which converts electricity into heating or cooling is another vital application that is expected to be introduced in the coming years.

A small percentage of hybrid and electric vehicles are already available in the market. The percentage is expected to grow in the coming years because of their eco-friendly use and efficiency. Therefore, with the rise in the number of hybrid and electric vehicles in the automobile market, the application and market for automotive interior materials is set to flourish in the coming years. Original equipment manufacturers (OEMs) of automobiles are trying means and ways to make their vehicles lighter and efficient in order to improve the fuel efficiency and performance. Lighter automotive interior materials, which are used in the dashboard and seating structures can serve as a new opportunity and ensure a feasible option to such OEMs.

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In the dynamic business environment where numerous technological advancements are taking place each day, it is necessary for the automotive interior materials manufacturing companies to align its strategies with the technological shifts. Technological advancement in automotive seating in vehicles is expected to help the market to grow potentially. Automotive interior materials manufacturers are introducing light-weight seats that are thinner and comfortable and hence, increasing the floor space and reducing the overall weight of the vehicle.

In Europe, Germany and U.K. are the largest regional markets for automotive interior materials. In Asia Pacific, Japan, China and India are the largest contributors to the automotive interior materials market. In North America, the U.S. has been showing steady growth over the years and is one of the dominant automotive interior materials markets in the world. In Rest of the World (RoW), South Africa is showing substantial growth and is expected to be a key market in the coming years.

Key participants in the industry include Faurecia SA (France), Johnson Controls, Inc. (U.S.), Grammer AG (Germany), Lear Corporation (U.S.) and BASF SE (Germany) among others.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Growth And Trends Of Automotive Switches Market

Transparency Market Research (TMR), A Market Intelligence And Research Firm, Has Published A Research Study On "Automotive Switches Market". Automotive switches are one of the primary components in an automotive. Switches control the overall electrical equipments fitted in an automotive. Automotive switches are vital in controlling the automotive lighting and overall functioning of an automotive. Switches are also used in engine start and stop function and in different vehicle operations. Different categories of switches are used for various functioning of automotives which includes toggle switches, push and pull switches, keyed switches and marine grade switches among others. The demand of automotive switches are rising globally due to technological upgradation and increasing consumption expenditure. There are two types of automotive switches which includes water resistant switches and non-water resistant switches. Water resistant automotive switches are gaining importance especially in the two wheeler segment due to open nature of two wheeler vehicles which remain exposed to extreme atmospheric conditions. Durability of the switches, reliability and easy operation are the key factors on which the quality of the switches depends. Switches can be both manual and automatic. Manual switches required user interference and is used in various kinds of automotives such as passenger cars, light commercial vehicles (LCV) and heavy commercial vehicles (HCV). Automatic switches do not require user intervention and operates automatically according to the response send by the engine sensors. Automatic switches are used in premium segment passenger cars and other high end automotives.

Asia-Pacific is the most attractive region for Automotive Switches Market. There is a significant increase in demand for automotives in the Asia-pacific region which is driving the market for automotive switches. The adoption of latest technology is another driver, driving the automotive switches market in this region. The escalating demand in LCV and HCV vehicles is also driving the growth of automotive switches market due to low cost of production. Presence of developing countries like India and China are also boosting the demand for automotive switches as there is a huge demand for automotives in these countries. The North America and Europe market for automotive switches is expected to grow at a steady pace over the forecast period. The North America automotive switches are expected to grow at a higher rate during the forecast period as compared to the Europe market. The reason for this is the recent economic meltdown which significantly affected the economic stability of Europe market. North America automotive market is driven by comfort and luxury. There is a huge demand for luxury automotives which drives the market for automotive switches in North America. Automatic switches are more in demand than manual switches in the North America market. Easy availability of credit facilities to prospective automotive buyers also acts as a driver which drives the automotive switches market in this region. Presence of premium automotive manufacturers such as Mercedes, Audi, Volkswagen and BMW is driving the automotive switches market in Europe. Europe market faced steep challenge in the recent economic meltdown and is recovering at a steady pace which has also increased the demand for automotive switches significantly.

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Global Key Participants in the industry include Ark-Les Connectors, D&R Technology, LLC, Diamond Electric Manufacturing Corporation, E-Switch, Inc, Honeywell, Inc, TRW Automotive U.S. LLC and Micro Technologies.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Europe takes the Lead for largest market share of automotive crankshaft market

Transparency Market Research (TMR) has recently published a market study on the Global Automotive Crankshaft Market, estimating the market to expand at a CAGR of 2.10% during the period from 2015 to 2021 and reach a market value of US$3 bn by the end of the forecast period.The research report, titled “Automotive Crankshaft Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”, states that worldwide automotive crankshaft market stood at US$2.5 bn in 2014.

Growth for Global Automotive Crankshafts Market

The expansion of the worldwide automotive crankshaft market depends on the dynamics of the global automotive industry. Currently, the automotive industry is reporting an immense growth in the global arena, which is subsequently driving the global automotive crankshaft market. The huge capital required for R&D activities for the further advancement of crankshaft is, however, creating a severe challenge for the market, as per the report.The report analyzes the global automotive crankshaft market on the basis of the types of crankshafts, materials utilized, and the types of vehicles.

Types Of Automotive Crankshafts Market

Based on types, the global automotive crankshaft market is classified into the markets for flat plane crankshaft and cross plane crankshaft. The flat plane crankshaft market is leading the overall market at present. Forged steel and cast iron are the primary materials utilized to make automotive crankshaft.The markets for light commercial vehicles, heavy commercial vehicle, sports utility vehicles (SUV), multi utility vehicles (MUV), passenger vehicles, and other vehicles are the major segments of the worldwide automotive crankshaft market on the basis of vehicle types. Among these, the market for passenger vehicles is likely to register the highest growth over the forecast period.

Demand For Automotive Crankshafts Market

The increasing disposable income among middle-class consumers has led to increasing preference for passenger vehicles, thereby fuelling the demand for automotive crankshaft to a great extent. In addition to this, the global market for automotive crankshaft is projected to experience a significant demand during the forecast period, owing to the escalating demand for diesel cars and heavy commercial vehicles across the globe, the report states.

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Segmentation of the global automotive crankshaft market

North America, Asia Pacific, Europe, and the Rest of the World are the primary regional markets for automotive crankshaft. According to the report, the automotive crankshaft market in Europe led the global market in 2014 and was closely followed by the market in North America. High disposable income has raised the purchasing power of consumer in these regions, which has triggered the demand for automobiles and eventually, the demand for automotive crankshaft significantly.

Key Players :

Analysts expect these regional markets to exhibit a stable growth throughout the forecast period. It is, however, the automotive crankshaft market in Asia Pacific, which is likely to witness the highest growth in the coming years owing to the rapid rise in the automotive industry fueled by the increased affluence of consumers in this region.The growth in vehicle production in Rest of the World is also projected to support the automotive crankshaft market during the forecast period, notes the study.Bharat Forge, Amtek Auto, ThyssenKrupp, Mahindra CIE Automotive, NSI Crankshaft, Cigueñales Sanz SL, Bryant Racing, Maschinenfabrik ALFING KESSLER, Arrow Precision, and Tianrun Crankshaft are the Key Players functioning is the global automotive crankshaft market, states the market report.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

With the rise of passenger vehicles, the demand for market of crankshaft manufacturers is also set to increase globally

Transparency Market Research (TMR) has recently published a market study on the global automotive crankshaft market, estimating the market to expand at a CAGR of 2.10% during the period from 2015 to 2021 and reach a market value of US$3 bn by the end of the forecast period.The research report, titled “Automotive Crankshaft Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”, states that worldwide automotive crankshaft market stood at US$2.5 bn in 2014.

The Global Automotive Crankshaft Market has been covered under the scope of this report. The rising demand for automobiles globally and the demand for high end performance vehicles has propelled the growth of companies which manufacturer’s automotive crankshafts. Crankshaft is a core element of an engine; it converts the linear motion of the pistons to rotational motion to power the wheels. These components are highly used in automobiles, industrial applications, communication sector and printer & imaging devices among others.

Global automotive crankshaft market is primarily driven by the growth in demand of automotive sector in emerging markets and increasing demand for performance engines. Automotive sectors are witnessing high demand for automotive crankshafts in developing countries such as China, India, and others. The market in these regions are mainly driven by large spending for heavy commercial vehicles and demand for high end luxury vehicles. Considering all these positive impacts, demand for automotive crankshaft is set to rise during the forecast periodfrom 2015 to 2021.

The global automotive crankshaft market has been broadly segmented into four regions, North America, Europe, Asia Pacific and RoW (Rest of the World). In terms of revenue, Europe held the largest share of the market in 2014 followed by North America. Increasing purchasing power of the consumers is also driving the market for automotive crankshaft. In addition, the increasing vehicle production in all regions of the world is also influencing the demand for the automotive crankshaft market. Machined crankshaft is becoming largely popular in the automotive crankshaft market because they are perfectly balanced, thus they are used in high end sports carst. The major concern of the industry is the huge capital that is required for research and development of crankshaft, which increases the price of the automotive crankshaft considerably.

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The global automotive crankshaft market, by vehicle types is bifurcated into six segments such as Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Vehicles, Sports Utility Vehicles, Multi Utility Vehicles and others..

Analysts expect these regional markets to exhibit a stable growth throughout the forecast period. It is, however, the automotive crankshaft market in Asia Pacific, which is likely to witness the highest growth in the coming years owing to the rapid rise in the automotive industry fueled by the increased affluence of consumers in this region.The growth in vehicle production in Rest of the World is also projected to support the automotive crankshaft market during the forecast period, notes the study.Bharat Forge, Amtek Auto, ThyssenKrupp, Mahindra CIE Automotive, NSI Crankshaft, Cigueñales Sanz SL, Bryant Racing, Maschinenfabrik ALFING KESSLER, Arrow Precision, and Tianrun Crankshaft are the Key players functioning is the global automotive crankshaft market, states the market report.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.  

Demand for Passenger Vehicles in Asia Pacific and Europe Drives Market

Transparency Market Research (TMR) has recently published a research study on the global automotive tire market, estimating the market to expand at a CAGR of 6.80% during the period from 2015 to 2021 and reach a market value of 298.1 bn by the end of the forecast period.The research report, titled “Automotive Tire Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, states that worldwide automotive tire market stood at US$188.3 bn in 2014.

The automotive segment is one of the booming sectors presently and it is expected to grow significantly in the next few years prioritizing more on customer safety and comfort. With the gradual decrease of recession, the automotive sector has witnessed a strong positive growth. The tire industry is also been noticing a steady improvement in the automotive sector.

Based on the type of tire safety systems, the market is segmented into two types: radial tire and bias tire. Due to advancements in technology, the market for radial tires is growing significantly. Based on applications of tire, the market is segmented in passenger cars, light commercial vehicle, heavy commercial vehicle and two wheelers.

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Growth of the automotive sector in emerging markets will affect the global automotive tire market positively and the industry is anticipated to expand substantially in the next few years. On the basis of tire safety systems, the global automotive tire market is segmented into bias tire and radial tires. Due to advances in the technological background of radial tires, this category has recorded substantial growth in the global automotive tire market. Radial tires are used in light commercial vehicles, heavy commercial vehicles, and in passenger cars. Bias tires are used in two wheelers.

Asia pacific accounted for the largest market share in 2014, which is expected to lure heavy investment and at the same time high end research is expected to be carried out in the field of tires. In addition, Improving lifestyles, and luxury vehicle demand and changing buyer’s preferences have ensured its dominance. The Asia Pacific automotive tire market was valued at USD 81.49 billion in 2014, and is expected to be the fastest growing automotive tire market in the coming years.

About Us :

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.