Thursday, October 31, 2019

Why Head-Up Display is Becoming Increasingly Popular in the Automotive Industry?


The two major product categories of the automotive Head-Up display technology are Windshield HUD and Combiner HUD. In 2018, windshield HUD dominated the global automotive HUD market, thereby, generating a market size of US$ 794.06 million by 2020. In contrast, the combiner HUD segment is expected to increase at the highest CAGR of 25.5% during the forecasted period. The key growth drivers for the global automotive HUD market could be evolving vehicle technology and increasing demand for high-end luxury and mid-sized vehicles. Moreover, the significant adoption of advanced driver assistance system (ADAS) technology due to growing consumer interest and strict government regulations for safe driving additionally adds worth to the overall market growth. Global Head-Up Display Market is expected to achieve the market valuation of US$ 3,436.49 million by 2025 increasing at a significant CAGR of 23.3% during the forecasted period (2019-2025) from US$ 804.53 million in 2018.

 With an increase in the number of automobiles on the road, there is a significant rise in car accidents which is leading to strict vehicle safety regulations across various regions. Therefore, consumers are focusing more on safety-related features in cars while making a purchase decision. The growing interest of consumers towards safety and comfort has accelerated the potential benefits of HUDs in cars. The technology market of Automotive HUD is segmented into augmented reality and conventional technologies within which Augmented Reality HUD dominated the market in 2018, with an overall market share of 68%. However, rises in the adoption of conventional technologies in the mid-priced and economic vehicle segment is expected to propel its demand, making it the fastest-growing technology during the analyzed period. On the contrary, Augmented reality HUD technology is expected to maintain its dominance during the same period generating a revenue size of US$ 2,182.96 million by 2025. The number of key players operating in the Augmented Reality HUD market includes Continental, Bosh, Nippon Seiki, Visteon Corporation, and Denso Corporation.

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Automotive Head-Up display market witnesses two channels of sales including OEMs and after-sales market analyzed during the study. OEM’s sales channel was the biggest market for automotive HUD technology, followed by an aftermarket sales channel, which is anticipated to witness the highest CAGR growth of 22.4% during the forecasted period 2019-2025. In 2018, North America dominated the OEM sales channel segment market, however, the Europe region is expected to become the largest market post-2019. The automakers prefer to buy automotive HUDs from original manufacturers rather than relying on the third party or aftermarket. The OEM sales channel is less prone to risks or faults in the products. The products or services belong to a brand that already has established a market presence. Owing to this, automakers are one of the primary consumers of the products of the original HUD manufacturers. In the automotive HUD system industry, several HUD manufacturers have already partnered with the automakers to expand their business in the market. For instance, Nippon Seiki, a prominent player of Japan provides its HUDs to some of the leading automakers such as BMW, GM and Audi. The major factor driving the growth of the HUD application in the luxury vehicles is increasing demand for ADAS technologies across luxury cars by end consumers and automotive brands. The growing interest for advance safety features across premium segment vehicles by end consumers is high which has forced car manufacturers to install smart features including a head-up display in their upcoming models. The premium car segment dominated the adoption of HUD technology for secure riding, followed by Luxury and SUV segments. The luxury car segment is anticipated to grow at the highest CAGR of 25.7% during the forecasted period 2019-2025.

Additionally, for better investigation and penetration of automotive head-up display technology, the report splits the global HUD market into discrete region and countries including North America (the U.S., Canada, Mexico and Rest of North America), Europe (Russia, Germany, France, U.K., Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific), Latin America (Brazil, Argentina, Chile and Rest of Latin America) and Middle East and North Africa( UAE, Saudi Arabia, Kuwait,, Qatar, Algeria, Egypt and the rest of the Middle East and North Africa). In 2018, North America dominated the worldwide automotive Head-up display market, however, the Asia-Pacific region is anticipated to overtake North America by 2024 to become the largest market for automotive HUD technology. Countries such as the US and Canada adopts modern technologies relatively earlier than any other region. Factors such as technological advancements and increasing need for safety and security concerns are the major drivers for the Automotive Head-Up Display market in the region. Europe's automotive HUD market is anticipated to witness a CAGR growth of 26.6% during the forecasted period.

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Some of the major companies profiled in the global automotive HUD study include Aptiv Plc, AUDI AG, Continental AG, Daimler AG, Denso Corporation, Harman International Industries, Inc., Robert Bosch GmbH, TomTom NV, Visteon Corporation, and Yazaki Corporation. These players consistently aim to focus on product development, new product launch and enhance their existing portfolios to expand their customer base and strengthen its market position through partnerships and collaborations which further offers them growth opportunities for geographic expansion.

Automotive Head-Up Display Market Segmentation
Market Insights, by Product
Windshield HUD
Combiner HUD

Market Insights, by Technology
Conventional HUD
Augmented Reality HUD

Market Insights, by Sales Channel
OEMs
Aftermarket

Market Insights, by Vehicle Type
Luxury Cars
Premium Cars
SUVs

Market Insights, by Region
North America Automotive Head-Up Display Market
United States
Canada
Mexico
Rest of North America

Europe Automotive Head-Up Display Market
Germany
France
United Kingdom
Russia
Italy
Spain
Rest of Europe

Asia-Pacific Automotive Head-Up Display Market
China
Japan
India
South Korea
Singapore
Australia
Rest of APAC

MENA Automotive Head-Up Display Market
United Arab Emirate
Kingdom of Saudi Arabia
Algeria
Kuwait
Egypt
Qatar
Rest of MENA

Latin America Automotive Head-Up Display Market
Brazil
Argentina
Chile
Rest of Latin America

Top Company Profiles
Aptiv Plc
AUDI AG
Continental AG
Daimler AG
Denso Corporation
Harman International Industries, Inc.
Robert Bosch GmbH
TomTom NV
Visteon Corporation
Yazaki Corporation

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UnivDatos Market Insights (UMI) understands that you may have your own business need, hence we also provide fully customized solutions to clients. The Automotive Head-Up Display Market can be customized to the country level or any other market segment.

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posted by Himanshu Patni @ October 31, 2019   0 Comments

Why 3D Printing Market is Becoming Increasingly Popular in the Healthcare & Automotive Industry?



3D printing, also referred to as additive manufacturing, is a combination of processes used to produce three-dimensional objects from 3D models or other electronic data sources. In the case of 3D printing, numerous layers of different kinds of printing materials are formed under machine control to create a 3-dimensional object. The 3-dimensional images can be of varied shapes or geometries and can be created with computer-aided design packages or 3D scanners. 3D printing as an end-use manufacturing technology is still at an infancy stage but in the years to come, with the combination of various innovative technologies, it is expected to display the tremendous potential to transform many designs, production, and logistics processes. Although 3D printing showcases an upward trend and is beyond expectations, it will require much more time to reach mass adoption level, hence signaling that mainstream adoption is expected to take off. As per the report published by UnivDatos Market Insights (UMI), the Global 3D Printing Market is anticipated to reach the market valuation of US$ 34,800.0 Million by 2025 expanding at a consistent CAGR of 12% during the forecasted period (2019-2025).

Products, materials, services paired with 3D printing technologies and applications are the major 3D printing technology segments analyzed during the forecast period. The benefits of 3D printing technology can be witnessed among various industrial verticals wherein the adoption of additive technology has been the game-changer for end-user industries ranging from manufacturing, healthcare, consumer, automotive to education. In 2018, the product segment dominated the global 3D printing market and is estimated to derive the revenue sales of US$ 6,336.0 million by 2019. Under the technology segment, fused deposition modeling is projected to witness the rapid expansion throughout the forecast period, credited to its user-friendly characteristics and growing awareness among the consumers. Moreover, 3D printing applications as direct manufacturing technologies have further brought wider disruption. Among applications, functional parts production is gaining prominence in the global 3D printing technology landscape.

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Dramatic uptake in investments with respect to product and development in 3D solutions, regulatory support, and growing manufacturing sector has considerably influenced the growth prospects of 3D printing technology globally. Moreover, as the technology has successfully transmitted to the phase of reaching the top of the plateau of productivity, the healthcare sector has turned itself to 3D techniques to design surgical guides, orthopedic devices, and medical implants. For instance, the booming concept of dental 3D printing and the launch of dental labs has completely revolutionized 3D printing technology in the healthcare sector, hence, displaying promising advancements in medical and dental fields.

Unique variations of 3D printing technology are bifurcated extensively into components, technologies, applications, and end-user industries. Determined by component type, the product market is bifurcated into industrial and personal 3D Printers. The industrial 3D printer segment has fetched revenues of US$ 4,169.3 million in 2018. While among polymer, plastics, metal and alloys, and ceramics; polymers segment is anticipated to witness rapid adoption while ceramic material is predicted to witness the highest CAGR growth of 13.6% throughout the forecast period. Moreover, custom design & manufacturing dominated the service segment of the 3D printing market in 2018. Additionally, based on technology type, 3D printing is segmented into fused deposition modeling, selective laser sintering, stereolithography, electron beam melting, and laminated object manufacturing technologies. In 2018, fused deposition modeling dominated the market with maximum share. Among various 3D applications such as functional parts, fit and assembly, prototype modeling, education, metal casting, visual aids, and presentation modeling; functional parts captured the majority of the market share in 2018. Furthermore, the manufacturing sector dominated the end-user industry segments of the global 3D printing technology market, with a market size of US$ 2,649.6 million.

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Additionally, for better investigation and penetration of 3D printing solutions; the report provides detailed analysis of the global 3D printing technology market into distinct region and countries including North America (U.S., Canada, Mexico and Rest of North America), Europe (Russia, Germany, France, U.K., Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific), Latin America (Brazil, Argentina, Chile and Rest of Latin America) and Middle East and North Africa( UAE, Saudi Arabia, Kuwait,, Qatar, Algeria, Egypt and rest of Middle East and North Africa). In 2018, North America dominated the global 3D printing technology market with the United States holding the lead share in the region, owing to its matured manufacturing sector paired with first-mover advantage in the technological advancement space. Moreover, Asia-Pacific and MENA regions are anticipated to showcase drastic advancement throughout the forecast period owing to the numerous players foraying into the 3D technology, strong expertise in 3D printing technology, favorable government policies and surging expenditure on 3D solutions.

Some of the key players operating in the global 3D Printing market include 3D Systems Corporation, Arcam AB, Royal DSM NV, Stratasys Ltd, Autodesk Inc., ExOne Company, Hoganas AB, Organovo Holdings Inc., Mcor Technologies Ltd, and Voxeljet AG. Consistent objective to enhance their existing portfolios, expand their customer base and strengthen their market position through partnerships and collaborations, product innovations have influenced the market potential on a global scale.

Global 3D Printing Market Segmentation
Market Insight, by Component

Product Component
Industrial Printer
Desktop Printer
Material Component
Polymer
Plastic
Metal & Alloy
Ceramic
Other Materials
Service Component
Custom Design and Manufacturing
After Sales Services

Market Insights, by Technology
Stereolithography
Selective Laser Sintering
Electron Beam Melting
Fused Deposition Modelling
Laminated object Manufacturing
Other Technologies

Market Insights, by Application
Education/Research
Visual Aids
Presentation Modeling
Fit and Assembly
Prototype Tooling
Metal Casting
Functional Parts Production
Other

Market Insight, by Industrial Vertical
Education/Research
Automotive
Aerospace & Defense
Healthcare
Consumer Goods
Manufacturing
Construction
Other Verticals

Market Insight, by Geography

North America 3D Printing Market
United States
Canada
Mexico
Rest of North America

Europe 3D Printing Market
Germany
France
The U.K.
Russia
Italy
Spain
Rest of Europe

Asia-Pacific 3D Printing Market
China
Japan
India
South Korea
Singapore
Taiwan
Rest of APAC

MENA 3D Printing Market
UAE
Saudi Arabia
Kuwait
Qatar
Algeria
Egypt
Rest of MENA

Latin America 3D Printing Market
Brazil
Argentina
Chile

Top Companies Profiled
3D Systems Corporation
Arcam AB
Royal DSM N.V.
ExOne GmbH
Autodesk, Inc.
Stratasys Ltd.
Hoganas AB
Ponoko Limited
Mcor Technologies Limited
Optomec, Inc.

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 The 3D Printing market can be customized for different region globally and at country level as well. Besides this, UnivDatos Market Insights (UMI) understands that you may have your own business need, hence we also provide fully customized solutions to clients.

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posted by Himanshu Patni @ October 31, 2019   0 Comments

Wednesday, October 23, 2019

Smart Homes Technology Market Assessment Covering Growth Factors and Upcoming Trends (2018-2024)


The Global Smart Home Market stood at US$ 32,171 million in 2017 and is expected to grow at a CAGR of 24.0% during the forecast period 2018-2024. Some of the factors driving the growth of the market includes, increasing awareness among consumers, rapid digitization, and high penetration of smartphones, stringent governmental regulations on energy consumption & emission, and increased demand of smart home energy management system. Moreover, the swelling aging population has also created ample room for the smart revolution in the healthcare sector. However, consumer’s concern regarding data security, complex installation paired with the high price of smart home appliances are some of the factors which are acting as some of the complex challenges, that are hampering the growth of the smart home industry. In spite of such challenges, the potential growth for telecom operators, insurance providers and emerging business opportunities especially in the Asia Pacific region is anticipated to attract global players to invest and come up with technologically advanced home appliances products.

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“Penetration rate of smart appliances is estimated to occupy a prominent share of 25.3% in the overall market.”

The global smart home industry can be segmented across different areas of application which encompasses safety & security, lighting, HVAC, entertainment, smart appliances, and energy management among others. At present, the penetration rate of smart appliances is estimated to occupy a prominent share of 25.3% in the overall market. These application areas are likely to be among the top trends during the forecast period with the change in consumer preferences and promotional marketing of lighting and HVAC appliances.

 “Amongst the end-users, residential segment holds the major share in the global smart home market”

Moreover, the market is further bifurcated into the various end-users, wherein the residential segment holds the prime share in the global smart home market. With the rapid advancement in technologies, changing lifestyles and rising disposable income of the consumers, mid-range apartments/houses are likely to rule the smart home market by 2024, followed by luxury villas and apartments. Mid-range apartments/houses segment of residential smart home market generated a revenue of US$ 9,486.6 million in 2017. In addition, among the commercial end-user segment, hospitals conquered the market by occupying the lead share in the market, hotels would display the maximum CAGR growth of 27.3% over the forecast period in the respective market.

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For a deep dive analysis of the industry, the study is conducted across five regions, including North America, Europe, Asia Pacific, Middle East, and North Africa (MENA) and Latin America. North America plays a chief role in the technological market due to first-mover advantage. Increasing demand for smart devices, high penetration of smartphone & internet, and stringent regulations on energy consumption has helped North America dominates the smart home market in the current scenario. Owing to this, North America's smart home market was valued at US$ 17.272.2 million in and is estimated to register reasonable compounded growth of 18% over the analyzed period. However, Asia-Pacific region, owing to increasing disposable income paired with government initiative, is expected to witness the highest growth during the analyzed period.

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 Some of the major players analyzed during the study include Haier Electronics, ABB Limited, Acuity Brands, Inc., AMX, LLC, ASSA ABLOY, Cisco Systems, Inc., Control4 Corporation, Crestron Electronics Inc., Deutsche Telekom AG, Emerson Electric Co., General Electric Company, Samsung Electronics Ltd, Honeywell International Inc., IBM Corporation, LG Electronics Inc., Monitronics International Inc., Schneider Electric S.E., Siemens AG, United Technologies Corporation, and Vivint Inc. These companies have the ability to pool in investment from their other business to the smart home market and come up with innovative products pertaining to the increasing demand for smart home appliances.

UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients. The Global Smart Home Market can be customized to the regional/country level or any other market segment.

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posted by Himanshu Patni @ October 23, 2019   0 Comments

Robo-Taxi Market Expected to Grow at a CAGR of 124.6% during the Forecast Period 2019-2025

Robo-Taxi market crossed 1,600 units mark in 2018 and is expected to grow at a CAGR of 124.6% during the forecast period 2019-2025. In a pioneering leap into the future, Robo-taxi is basically a self-driving or a driverless car which was launched recently in the market. After years of focused and intensive testing in autonomous vehicles (SAE Level 4 or Level 5), today the companies have started to roll out such vehicles for e-hailing (on-demand mobility) service for regular commuters. The Robo-taxi generally eliminates the need of a human chauffeur, which costs a significant part of the operating costs. The Robo-taxi service could make shared mobility much more affordable to the commuters and is expected to boost the demand of Transportation-as-a-Service (TaaS) solutions, which will drive the growth of the Robo-taxi market over the analyzed period.

One of the most significantly adopted applications of the Robo-taxi include Autonomous Mobility on Demand (AMoD) service, especially in the metro regions. Autonomous Mobility on Demand (AMoD) is the solution that will drive the revolution towards self-driving cars. The AMoD is a technology comprising hardware, software, vehicle and its surrounding data that will improve the safety and economics of the ride. On an estimate, the Mobility on Demand (MoD) costs nearly US$ 2/mile, car ownership costs US$ 0.8/mile while AMoD costs US$ 0.3/mile. Hence, today, a number of companies are working on developing AMoD technology. In addition, increasing concern over road safety, emissions, reduction in road congestion and soaring demand for ride-hailing services are further expected to propel the growth of the Robo-taxi market over the projection period.
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 Across the globe, governments and market players are currently focusing on promoting autonomous vehicles in public transportation and fleets, with emphasis on taxis, vans and shuttles. One of the biggest hurdles in the growth of Robo-Taxi market globally is the dearth of the required infrastructure. With increasing government support, several stakeholders are investing huge money in developing the required vehicle-to-infrastructure (V2I) systems, such as sensors inroads or street signs that send signals to AVs, helping autonomous vehicles navigate city streets seamlessly. Further, development of V2I technology such as dedicated short-range communications (DSRC) and cellular vehicle-to-everything (C-V2X) systems are in progress, which would further help autonomous vehicle such as Robo-taxi to widen its adoption in major developed and developing regions.

“Level 4 of Robo-Taxi Market dominated the market in 2018 and is expected to maintain its lead by 2025”

Based on level of autonomy, the Robo-Taxi market has been segmented into Level 4 and Level 5. In 2018, level 4 dominated the market and is expected to maintain its lead by 2025. The primary reason for the dominance of Level 4 vehicles is the lack of infrastructure for level 5 across major countries.

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“Amongst propulsion type, hybrid Robo-taxi holds the major share in 2018, while the fuel cell is expected to grow considerably during the forecast period.”

Based on propulsion type, Robo-Taxi market has been segmented into hybrid, electric and fuel cell Robo-Taxi. In 2018, hybrid Robo-Taxi dominated the Robo-Taxi market, generating sales of 939 units. However, with increasing environmental concerns and depleting gasoline resources, it is expected that the electric Robo-Taxi market will take over hybrid Robo-Taxi in terms of sales over the forecast period.

“Passenger Robo-Taxi Market dominated the market in 2018 and is expected to follow its trend till 2025”

Based on vehicle type, the Robo-Taxi market has been segmented into passenger car, shuttle, and goods carrier van. In 2018, the passenger car dominated the market and is expected to maintain its lead throughout the forecast period 2019-2025. The primary reason for boosting the growth of passenger car segments over the other segments is due to an increasing preference for shared mobility services over individual vehicles.

“In terms of application, passenger transportation takes lead over the goods transportation of Robo-Taxi Market ”

Based on application, Robo-Taxi market is bifurcated into passenger and goods transportation. In 2018, passenger transportation Robo-taxi dominated the market and is expected to maintain its dominance throughout the forecast period, owing to increasing urbanization and people choice for opting a productive and comfortable ride while goods transportation Robo-taxi is expected to grow significantly over the analyzed period as e-commerce and other utility companies are going for self-driving vehicles to deliver their consignment to customers.

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“North America holds more than 50% of the market share of Robo-Taxi Market in 2018 and is expected to remain the largest market over the forecast period”

Based on the region, a detailed analysis has been conducted to understand the overall rate of adoption of Robo-Taxi across the different regions including North America, Europe, Asia-Pacific and Rest of World. North America captured the maximum market share and is expected to remain the largest market over the forecast period. However, with increasing acceptance and huge population base with increasing disposable income, Asia-Pacific is expected to witness exponential grow over the analyzed period.

Robo-taxi market comprises of automakers, technology providers and service providers. As the concept is innovative and emerging, each player is trying their best to increase their market share and presence. The success of Robo-taxi is expected to change car-ownership and public-transportation dynamics at a fundamental level as it offers lower mobility costs, greater convenience and increased productivity as they free occupants from driving. The robo-taxi market is majorly dominated by large companies, accounting for nearly 75% market share. Some of the leading players operating in the market include Waymo, BMW, Tesla, Daimler, GM Cruise, Nissan-Renault and Volkswagen; while Navya, Aptiv, Nvidia, Valeo, Baidu, Uber, Lyft, eaymile are among others. These players are working endlessly to offer consumer a better and sustainable mobility service across the globe.

Robo-Taxi Market can be customized to the state level or any other market segment. Besides this, UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients.




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posted by Himanshu Patni @ October 23, 2019   0 Comments

Monday, October 21, 2019

Automotive Composite Materials Market Assessment Covering Growth Factors and Upcoming Trends (2019-2025)


Asia-Pacific Automotive Composite Material Market was valued at US$ 2,355.9 Million in 2018 and is anticipated to reach US$ 4,535.6 Million by 2025 displaying a reasonable CAGR of 9.93% over the forecast period (2019-2025). Composite materials are homogenous mixtures that are prepared by synthetically assembling two materials together. One of these is fiber, reinforcing the material and the other one is a binding material called Matrix. The composite materials have high electrical and corrosion resistance, are stiff and have high strength-to-weight ratios. The Asia Pacific is the largest car manufacturing hub across the globe. In the past few years, the GDP of Asian countries has increased substantially, resulting in the rise of per capita income and buying potential of the consumers. In other words, the improved economy of Asian countries is one of the major reasons for the increase in demand for vehicles in the region, which has resulted in a high demand for automotive composite materials as well. The worsening air quality in Asia-Pacific has concerned the governmental bodies, owing to which stringent emission standards have been passed in some countries and are under consideration in a few others. The growing number of vehicles in the region has deteriorated the air quality, with immense Greenhouse Gases (GHG) emissions. Some of the Asian countries such as China, India, and Japan are among the top GHG emitters holding 30%, 7% and 4% of the global GHG emissions. Moreover, Asia-Pacific is the largest market for Electric Vehicles (EVS) and the growing demand for composite materials in EVs to offset the weight increased by the batteries is also bolstering the market growth.

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“Polymer Matrix Composite is expected to dominate during the analyzed period.”

The Asia-Pacific automotive composites material market is segmented based on different materials such as Polymer Matrix Composite (PMC), Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC) and Hybrid Composite. Due to high flexibility, high insulation, lower density and lighter weight than other composite materials, PMCs held the maximum market share in 2018 and their dominance is expected to prevail during the forecast period. However, due to the low cost and high flexural and tensile strength of hybrid composites as compared to single fiber composites, the hybrid composites are anticipated to be the fastest-growing polymer type during the forecast period.

“Thermoset held the largest market share in 2018 and is expected to dominate the market in 2025.”

The study further bifurcates the PMCs by matrix types, which include thermosets and thermoplastics. wherein thermoset held the largest market share in 2018 and is expected to dominate the market by 2025. However, thermoplastic is expected to register the highest growth during the forecast period as they are compact and wireless

“Amongst Manufacturing Process, Injection molding is projected to hold the largest market share and will dominate the Asia-Pacific automotive composite material market by 2025.”

The Asia-pacific automotive composite market is further fragmented across different manufacturing processes. This includes hand lay-up, compression molding, injection molding, and resin transfer molding (RTM). Injection molding process dominated the market in 2018 and is expected to continue its dominance over the forecast period (2018-2025), owing to the RTM’s capability of low cost and high-volume manufacturing

 “Amongst applications, the exterior segment is anticipated to dominate the Asia-Pacific automotive composite material market by 2025.”

Based on several application areas in automobiles, Asia Pacific automotive composite materials market is segmented into the interior, exterior, chassis, powertrain & under the hood and structural. Among different application areas, an exterior segment dominated the market however a gradual increase in the adoption rate of composite materials for vehicle interiors is expected in the upcoming years

Browse Asia-Pacific Automotive Composite Materials Market Complete Report with TOC - https://univdatos.com/report/asia-pacific-market-insights-on-automotive-composite-materials-insights-and-forecast-2019-2025
 
“Amongst vehicle type, passenger cars hold the major share in Asia-Pacific automotive composite material market.”

Based on different vehicle types, the Asian automotive composite materials market is segmented into performance cars, passenger cars and others (commercial vehicles and others). Asian passenger car market is the world's largest auto market, while the growing demand of composites in EVs and other passenger cars gives it a definitive edge over other markets. Passenger car segment was valued at US$ 2,242.8 million in 2018

“China represents one of the largest markets of the Asia-Pacific automotive composite material market.”

For a deep-dive analysis of the industry Asian automotive composite materials market is further segmented across different countries, which includes, China, Japan, India, South Korea, Singapore, Australia and rest of APAC. China dominated the market in 2018 and is expected to prevail over the others during the forecast period. China is the world’s largest automobile producer, and stringent emission regulations and the presence of local composite materials suppliers are attributed to be the major factors monitoring China’s automotive composite materials market.

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Competitive Landscape -Top 10 Market Players

BASF SE, DowDupont Inc., Gurit Holding AG, Magna International Inc., Mitsubishi Chemical Holdings Corporation, Owens Corning, SGL Group, Solvay SA, Teijin Limited and Toray Industries Inc. are some of the prominent players operating in the Automotive Composites market industry. 

Some of the key players are also expanding their businesses by setting up new plants or increasing their expenditure on R&D to develop cheaper manufacturing methods. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and 
innovative products.

UnivDatos Market Insights (UMI) understands that you may have your own business need, hence we also provide fully customized solutions to clients. The Asia-Pacific Automotive Composites Market can be customized to the country level or any other market segment.

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Two Wheeler Market Share in India 2020

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posted by Himanshu Patni @ October 21, 2019   0 Comments