Automotive Industry

Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Wheel Axle market during the historical period of 2014 – 2018. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2019 – 2029. 

The global wheel axle market is projected to create an absolute $ opportunity of more than US$ 23 billion, to be valued at more than US$ 87 billion by the end of the forecast period (2019 – 2029), predicts the report recently published by Fact.MR. Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Wheel Axle market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Wheel Axle market. 

After reading the Wheel Axle market report, readers get insight into: 

Fact.MR has adopted multi-disciplinary approach to shed light on the evolution of the global Electric Vehicle Sound Generator market during the historical period of 2014 – 2018. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year of 2019, and key prospects over the forecast period 2019 – 2029. 

Surpassing a valuation of US$ 324 million, the global electric vehicle sound generator market is projected to create an absolute $ opportunity of more than US$ 241 Mn by the end of forecast period. Extensive rounds of primary and a comprehensive secondary research have been leveraged by the analysts at Fact.MR to arrive at various estimations and projections of the Electric Vehicle Sound Generator market, both at global and regional levels. The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Electric Vehicle Sound Generator market. 

After reading the Electric Vehicle Sound Generator market report, readers get insight into: 

Lucrativeness of aftermarket automotive actuator sales will retain its preeminence, albeit sales growth in OEM continues to give a tough competition with a CAGR difference of just 0.1% through 2027. Over 6 out of 10 automotive actuators will witness sales in the aftermarket during the period 2018 to 2027, according to recent Fact.MR report. Relative dominance of aftermarket in the automotive actuator market is the result of availability of comparatively affordable actuators, which are designed for functioning as effectively as an OEM-produced actuator.

The report foresees the automotive actuator market to record an above-average rise at over 6.5% CAGR through 2027. Sales in OEM are increasingly becoming visible, as these players explore inorganic growth avenues across developing markets, in a bid to uphold expansion and diversify product portfolio and clientele. OEMs are further likely to focus on standardizing the value chain to mitigate lucrativeness and competitive pressures in this already mature market.

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Lucrativeness of aftermarket automotive actuator sales will retain its preeminence, albeit sales growth in OEM continues to give a tough competition with a CAGR difference of just 0.1% through 2027. Over 6 out of 10 automotive actuators will witness sales in the aftermarket during the period 2018 to 2027, according to recent Fact.MR report. Relative dominance of aftermarket in the automotive actuator market is the result of availability of comparatively affordable actuators, which are designed for functioning as effectively as an OEM-produced actuator.

The report foresees the automotive actuator market to record an above-average rise at over 6.5% CAGR through 2027. Sales in OEM are increasingly becoming visible, as these players explore inorganic growth avenues across developing markets, in a bid to uphold expansion and diversify product portfolio and clientele. OEMs are further likely to focus on standardizing the value chain to mitigate lucrativeness and competitive pressures in this already mature market.

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Exclusively led by customer preference, demand for trailer canopy continues to witness a steady rise across regions worldwide. Traditionally used for shading purposes, growth of trailer canopy market is largely driven by vehicle innovations and customizations that have embossed a positive influence over sales of trailer canopy, be it for leisure activities or commercial applications. Furthermore, demand for trailer canopy is likely to be fuelled by increasing adoption of lightweight commercial vehicles used for various commercial activities associated with food and beverage, mining, and plumbing, to name a few. Albeit use of trailer canopy for such applications, dominance of domestic players, high price of trailer canopy coupled with fluctuating raw material prices are expected to influence future of trailer canopy market, most likely exerting a bemusing effect on the overall demand of trailer canopy worldwide.

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Medical tourism continues to influence the adoption of wheelchair accessible vehicles coupled with financial assistance from federal governments. Furthermore, demand for wheelchair accessible vehicles has also been impacted with growing road accidents worldwide. According to World Health Organization (WHO) analysis, road accidents are one of the leading causes of mortalities and disabilities. The wheelchair accessible vehicle market has also been influenced by new design features and developments incorporated by manufacturers in order to diversify their product offerings.

Furthermore, while medical transportation has given significant traction to adoption of wheelchair accessible vehicles, the wheelchair accessible vehicle market is also fueled with increasing demand for wheelchair accessible vehicles for personal use that largely includes transportation of disabled or aged people. Albeit a steady growth, the wheelchair accessible vehicle market is consolidated given a handful of wheelchair accessible vehicles manufacturers that is likely to impact the demand and supply scenario worldwide.

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Wheelchair Accessible Vehicle Market: Small Yet Big

Rise in consumer preferences for electro-mechanical, electrical, and electronic functions in vehicles has led innovations in design & operation of relevant power systems. Pervasiveness of fuse boxes, as the only solution of circuit protection in automobiles, continues to prevail. In light of these factors, worldwide sales of automotive fuse boxes are likely to bring in approximately US$ 4,900 Mn revenues by 2028-end, according to a new Fact.MR study.

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Although traditional automotive fuse boxes have been sought-after on the coattails of their affordable unit cost, an elephant-sized opportunity exists for integration of smarter, more intelligent electronic fuse. Use of electronic fuse has the potential of significantly trimming costs and weight of vehicles. Uptake of power demand in new vehicles, in combination with recent luxury cars sales proliferation are likely to brim the future requirement for automotive fuse boxes.

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of nitrogen tire inflators market. The study is titled as “Nitrogen Tire Inflators Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028”, which deeply analyses the global market trends, with historical data from 2017 and 2018, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2018-2028. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global nitrogen tire inflators market.

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Growth of the Tire Industry to Influence the Nitrogen Tire Inflators Market