automotive

Lucrative Scenarios Linger over Automotive Lubricant Market with Growing Consumer Preference, says Fact.MR Study

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Proper maintenance of automobiles play a key role in their operations, and lubricants are the primary products that can improve the working of combustion engines and automotive components effectively. In the near future, automotive lubricants will witness a growing demand that will expand in parallel to the rising sales of automobiles. Transformations in the designs of combustion engines will influence the viscosity index of future automotive lubricants. Manufacturers are likely to continue the trending practices of using additives to improve the functions of automotive lubricants. Advanced polymers will be used to synthesize automotive lubricants with enhanced properties. Moreover, the demand for automotive lubricants will propel on the back of their growing applications in EV and hybrid vehicles. Emergence of highly-integrated lubrication systems for vehicles is likely to extend the application scope of these lubricants and bolster their production at a global scale.

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Demand for Wheel and Tire Service Equipment Experience Considerable Boost with Broadening Product Catalogue, says Fact.MR report

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Aging vehicles, growing annual mileage and retaining patterns in vehicle owners are creating recurring demand for advanced wheel and tire service equipment. Technological convergence has been scaling down large when and tire service equipment tools, enabling them to fit within automobiles. Equipment optimization has led toward the development of compact, sophisticated products integrated with sensor-based applications for diagnosing real-time service escalation requirements.

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Manufacturers are now focusing on acquiring proper balance in product mix and placement for meeting expectations in demand and maintaining a competitive advantage. Sonar-driven functions, optical imaging, and virtual reality systems are among high-tech features being implemented in the current wheel and tire service equipment, which in turn are likely to influence demand for these equipment. However, lower uptake of services associated with wheels and tires, and the trend of adoption of do-it-yourself equipment are likely to restrain demand for wheel and tire service equipment.

Automotive Exhaust Sensor Sales Set to Rise with Concentrated Investment by Market Players, details Fact.MR report

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In terms of volume, the global automotive exhaust sensor market will record a CAGR of 3.5% during the forecast period 2017 to 2026, as projected by a recent Fact.MR report. Nearly US$ 2,000 Mn worth of automotive exhaust sensors are estimated to be sold globally by 2026-end.

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Miniaturization of integrated circuits has been providing a boost to the development of the automotive exhaust sensors since the recent past. Demand for microelectromechanical system (MEMS) sensors, miniaturized form of the conventional ICs that are manufactured with the aid of microfabrication technology, has been witnessing a substantial surge. Adoption of microfabrication technology enhances the accuracy and reliability of automotive exhaust sensors, meanwhile improving their efficiency, communication capabilities, response time, and robustness. Additionally, a large number of automotive exhaust sensor manufacturers are making enormous investments in research & development activities for coming up with better microfabrication technologies, which in turn will help them in boosting their revenue generation.

Innovative Trends Steer Demand for Automotive Automatic Transmission during 2017 - 2026 reports Fact.MR study

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With emergence of electric and hybrid engines, the global automotive industry is witnessing a growing shift from manual to automatic transmission. The efficiency of automatic transmissions in providing a convenient mode for elevating the performance of vehicles has driven its adoption in the global automotive landscape. OEMs are developing their products and components by considering their end-use in automotive automatic transmissions. Moreover, automotive automatic transmissions are being recognized for their exceptional strength characteristics. The ability of automatic transmissions in increasing the amount of surface contact between the gears is driving their demand.

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Fact.MR’s latest forecast study observes that global automotive automatic transmission market is pegged to expand at a robust pace during the period, 2017-2026. Key findings from the report reveal that the global automotive automatic transmission market will register a volume CAGR of 8.2% over the forecast period. The report further estimates that by the end of 2026, the global market for automotive automatic transmission will touch an estimated valuation of US$ 5 Bn.

Tractors Market Expected to Experience Bolstering Sales during Forecast Period 2017 - 2026

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As global food consumption levels soar through the roof, the average crop yield of agricultural sectors across the globe is being hard-pressed beyond its threshold. While depending on uncertain elements such as weather, crop quality, soil quality and incentive schemes distresses the farmers, their reliability on tractors as the key agricultural machinery remains conformed. In the future, increasing farm produce and the outcomes of several major farming activities will remain highly dependent on the effective utilization of tractors. New sensors and IoT technologies are being integrated in the production of tractors. Leading manufacturers are offering multi-functional tractors to consolidate their utility and provide a time-saving solution for farmers. Governments are implementing initiatives towards enrollment of farmers in training programs that improve the abilities in operating advanced tractors. However, high costs of tractors compel farmers towards obtaining loans, wherein agricultural funding institutions fail to slacken the high interest rates.

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Rotavators Sales Likely to Bolster with Rise in Applications during Forecast Period, details Fact.MR study

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Increasing demand for food due to the rise of a population is resulting in the farmers focusing on reducing the cost of land preparation while increasing the yield. Hence, rotavator is considered to be the most suitable for preparing a seedbed. Manufacturers are also preparing rotavator that can be adjusted as per the depth of soil bed preparation. The companies are also developing advanced rotavator that can be used in all types of soil regardless of its condition. Different types of rotavator blades are being made depending on the moisture content and property of soil. New materials and process are also being used by manufacturers to develop blades for rotavator as it is the most important part that is directly engaged with the soil.

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Auto Infotainment Manufacturers Utilize Rising Consumer Preference to Heighten Overall Revenue Share

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Continuous innovations driven by electronics are being observed in the automotive industry. High tech electronics offer passengers as well as drivers with various systems within the vehicle, for instance, in-car navigation system. In addition, all information and entertainment can be delivered through wireless technology making it convenient for the vehicle occupant. Today’s consumer is more focused on auto infotainment technology incorporated in a car’s dashboard rather than the components present under its hood. Credited to super semiconductor growth, microelectronics has enhanced auto infotainment systems, by improving their functionality and output.

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Auto infotainment is the ongoing megatrend that is gaining traction in modern vehicles that is fuelling the ubiquity of microelectronics. Consumers are more eager to get connected and access their content at any point in time and at any place on their devices with convenience. Connected car is highly safe, energy efficient and comfortable that provides information on weather, traffic and road accidents.

Winter Tire Sales Influenced by Improved Technological Arrangement during 2018 - 2028

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Fact.MR’s study issues forecast on the global winter tires market for the period between 2018 and 2028. A moderate expansion has been estimated for the market through 2028. This research analysis demonstrates key trends and market dynamics across regional segments incorporated, which are likely to impact current as well as future expansion of the global winter tires market.

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Detailed Assessment on Global Winter Tires Market

Primary objective of this report is to deliver updates on growth of the global winter tires market. The market for winter tires is largely dependent upon weather patterns for growth. However, several prominent winter tire manufacturers report robust sales, on the basis of advanced tire technology, consumer education, and company regulation.

Leading manufacturers in the global winter tires market are focusing on the development of novel products, in a bid to expand their product portfolio and boost sales. For example, Nokian Tyres has recently introduced its new, state-of-art range of winter tires. This high quality, versatile winter tire range is developed keeping in mind specific demands of winter conditions.

Automotive Heater Core Sales Set to Rise with Concentrated Investment by Market Players, details Fact.MR report

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Convergence of a wide range of technologies and industries within the automotive space has been paving lucrative avenues for stakeholders, which has led them in employing strategies to bank on dynamically evolving trends. Technology driven trends such as autonomous driving, connected vehicles, blockchain, and 3D printing have further been influencing developments in vehicles by improving their efficiency.

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This has further spurred sales of automobiles across the globe since the recent past. According to International Organization of Motor Vehicle Manufacturers (OICA), total number of automotive vehicles produced worldwide surpass 97,300,000 units, while automotive sales, including cars and commercial vehicles, closes in on nearly 97,000,000 in 2017. Robust sales of vehicles have rubbed off on demand for imperative integral components, and automotive heater core is no exception. A new report of Fact.MR projects a modest 2.9% CAGR for the automotive heater core market over the period of forecast (2018-2028).

Automotive Heater Core Manufacturers Capitalizing on Heater Demand in Electric Vehicles

Recreational Off-Highway Vehicles (ROVs) Sales Upsurge with Major Players Contributing Heavily towards Market Growth

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In order to study the various trends and patterns prevailing in the overall market for Recreational Off-Highway Vehicle (ROVs), Fact.MR has included a new report titled “Recreational Off-Highway Vehicle (ROVs) Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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The Recreational Off-Highway Vehicle Association (ROHVA) projects a continuous rise in sales of the recreational off-highway vehicles (ROVs) in the forthcoming years, with shifting trends toward power sports, and high demand for all-terrain vehicles (ATVs). Consumer spending on leisure and sports has surged on account of their inclining preference toward leading a healthy lifestyle, complemented by growing GHDI across developed and developing nations. Touring and recreational activities have been influenced by the upward trend of leisure & sports expenditure, thereby impacting demand for ROVs as a consequence.

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