Research Report

 Automotive Belts are power transmission belts that provide a connective link between two parallel rotating shafts, these shafts are fixed with pulleys upon which the belt is looped. Hence, power transmission occurs by friction from the driving shaft to the driven shaft smoothly through these belts. The global automotive belt market is anticipated to expand at a CAGR of 3.9% during the course of the projected period, per FMI analysis. In order to reach US$ 20,473.5 million in 2032, this is anticipated to surpass US$ 13,902.6 million in 2022. Automotive belts are also utilized as timing belts to synchronize the functions of engine valves via a camshaft. Automotive belts used in vehicles are designed as endless belts and are commonly manufactured from materials such as neoprene, chloroprene, and ethylene propylene diene monomer rubber (EPDM rubber). The inner surface and the cross sectional area of the automotive belt differs according to the function the belt needs to...

 By the conclusion of the forecast period, the market for  automotive soft trim interior materials  is expected to grow from US$ 5743.6 million in 2022 to US$ 9179 million, representing a CAGR of 4.8%. Automotive Soft Trim Interior popularly known as “Soft Trims” belongs to automotive interiors segment being a part of the automotive ancillaries sector. The nomenclature is derived from the nature of the product application compared to the hard exterior body & spare parts of the vehicle. It is used in seats, doors, floor liners, pillar covers, cockpit, headliners, etc. of the vehicle. The material used is primarily of 3 types: Leather, Textile/Fabric & Chemical Polymers. Leather is used in Premium automobile models, whereas the latter two cater to Mid & Base Level models in exterior furnishing/covering as well fabrication of core interior body parts. The product has a blend of critical traits more than just the aesthetics aspect; such as Acoustic Con...

 Growing focus on active safety to decrease road accidents has shifted the focus of OEMs towards developing and incorporating new and advanced  automotive radar  systems. According to ‘Association for Safe International Road Travel’ (ASIRT), nearly 3,287 deaths per day are reported globally due to road accidents. Advancing automotive technology and concern to reduce road mishaps, has raised expectations for advance systems in vehicles such as automotive radar to improve vehicle safety. These systems transmits electromagnetic (EM) waves at microwave frequency and gather information with the help of electronic control unit about the obstacles within the vicinity of the vehicle. In 2022, the market for automotive radar is projected to be worth $4,614.5 million. It is anticipated that technical innovation and the broadening range of applications would be the market’s main development factors. The worldwide market demand for automotive radar is anticipated to rea...

 The  Automotive Front End Modules  (FEMs) are typically multi piece assemblies with integrated number of components. These components are forward lighting, radiators & cooling fans, grille-opening reinforcement (GOR) panels, air conditioning (A/C) condensers, crumple zones, hood latches, bumpers and electronics & wiring. Due to the rising demand throughout the course of the forecast period, a CAGR of 6.30% is predicted for the worldwide automotive front end module market. By 2032, it’s estimated to be worth US$ 22,290.4 Mn, up from US$ 12,132.4 Mn in 2022. The front end module (FEM) is a complex assembly with very high demands on functionality, technology & fitting accuracy. The front end module (FEM) is beneficial for vehicle makers and the consumers and is essentially useful for the ergonomic aspects of the whole assembly process. The beneficial aspects of front end modules (FEM) for auto makers are reduction in cost of materials, assembly tim...

 In 2022, the market for  aerospace fasteners  will likely be worth US$ 7,834.5 million and is anticipated to grow at a moderate rate of 6.4% CAGR. By 2032, the market is projected to increase in size and reach US$ 14,568.9 million. According to Future Market Insights’ data, the historical CAGR was 4.8%. Fasteners are the hardware components which are used to mechanically join two or more objects together. In the same context, aerospace fasteners are special grade hardware devices, used to connect parts of aircraft during original equipment manufacturing and aftermarket servicing. Aerospace fasteners are broadly used in commercial aircraft, military aircraft, ballistic missiles, rockets and satellites. Aerospace fasteners are made under strict regulations and standards so as to withstand high fatigue loading and drastic temperature changes. Manufacturers are focused to introduce aerospace fasteners with light weight and high strength metallurgical structure ...

 The global  autonomous vehicle market  is expected to reach US$ 99,451 Mn in 2032, exhibiting a prolific CAGR of 10.9% for the forecast period of 2022 to 2032. Autonomous vehicle market is anticipated to reach an estimated US$ 35,282.8 Mn by the end of 2022. Advancing government funding and investment along with a favorable regulatory framework are fostering a positive market environment for autonomous vehicles over the forecast period. Autonomous vehicles are self-driving cars that can be controlled by a computer system. These vehicles are yet to be commercialized and include a GPS tracker, lasers, computer vision, and other smart technology that aids it driverless status. With increasing sustainability drives and changing consumer preferences, more and more people are showing inclination for autonomous vehicles over the conventional ones. This is owing to the benefits associated with autonomous vehicles like fuel efficiency, greater safety, low emissions ...

 The estimated value of the global  automotive seating market  is expected to be US$ 52,941.6 million in 2022, with a forecasted CAGR of 3.40%. By 2032, the market is projected to increase to a value of US$ 73,960.9 million. Future Market Insights’ analysis revealed a historical CAGR of 2.30%. Seating systems are platform designed to accommodate the person seating in vehicle. Seating has modified through simple seating systems to complex masterpiece to fulfill the desires of both consumer and manufacturers. When OEM (Original Equipment Manufacturers) and Tier 1 companies design the cars, the seating systems referred as expensive and heaviest interior parts. While conventional designs have been recommended throughout the industry, companies have started to design new layouts that will change the seating systems in more modified manner than conventional seating systems. Luxury modifications have been introduced into seating systems to assure the relaxing exper...

 With a modest CAGR of 5.3% from 2022 to 2032, the worldwide  automotive stamping market  is anticipated to reach a value pool of US$ 10,490.0 Million in 2022. The global market for automotive stamping is expected to reach US$17,581.6 million by 2032. Stamping is a metal working process by which a desired shape and structure of a material is achieved. This metal working process is adopted in manufacturing industries engaged in processing of hardened surfaces such as sheet metal and plastics components. Stamping process forms the base of all the building process in automotive industry as more than 80 percent of the components that make up a vehicle is produced by stamping. Both the interior structural components and the exterior build components are produced by this process. Since 2015, the demand for automobiles has increased exponentially after the global economic downturn during 2016. This has led to an increase in demand of the stamping machines so as to m...

 In 2022, the size of the world market for  automotive seating systems  was estimated to be US$ 65,462.4 Million. It is anticipated that technical innovation and the broadening range of applications would be the market’s main development factors. Sales of Automotive Seating Systems as a whole are anticipated to reach about US$ 88,833.9 Million by the end of 2032, growing at a strong CAGR of 3.10% between 2022 and 2032. The design, price, and features of automotive vary from vehicle to vehicle. The seating systems of premium vehicles are more expensive and have advanced features, such as automatic heating. Various manufacturers are designing and developing automotive seating systems integrated with smart technologies and improved safety features to mitigate risks in case of accidents. The new designs of automotive seating system also increases the fuel efficiency of the vehicles with lightweight designing. Moreover, the safety concerns related to driving and i...

 Demand for  Automotive conversion kits  is projected to reach US$ 3,746.8 million globally in 2022 and expand at a CAGR of 5.5% to US$ 6,490.9 million globally from 2022 to 2032. Consumer awareness of ecologically friendly vehicles is on the rise, which is credited with growth. A 3.6% CAGR was recorded for the lactic acid market from 2016 to 2021. OEMs and manufacturers in the automotive industry are gradually shifting their focus towards vehicle modification, wherein they can customize the vehicle as according to the customer requirement and desires, instead of purchasing new vehicles. Making use of automotive conversion kits proves to be more economical for customers, as they can fulfill their required need by modification. This trend of customization is further expected to gain traction over the forecast period and drive the need for automotive conversion kit among end users. The global automotive conversion kit market is forecast to grow at a healthy ra...

 An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and in vehicle engines. The market for automotive air filters is predicted to be worth US$ 5,321.3 million in 2022 and US$ 6,680 million by 2032. During the forecast period of 2022–2032, the market is anticipated to grow at a CAGR of 2.3%. The cabin  automotive air filter  is a paper-pleaded filter, which is located in the air intake from outside for the passenger compartment of the vehicle. Some of the automotive air filters are rectangular or similar in shape as...

 The demand for  automotive foams  is projected to be worth US$ 42,300.0 million in 2022 and to increase at a CAGR of 11.2% to US$ 122,289.2 million from 2022 to 2032. Rising discretionary income and purchasing power parity in developing countries are credited with driving growth. Automotive foams are generally polymer foams and are made up of gas and solid phase mixed together to form a foam which is achieved by combining the two phases too briskly for the system to respond in a smooth fashion. The resulting foam is incorporated with either air bubbles or air tunnels also known as either closed cell structure or open cell structure. Open cell foams are usually flexible, while closed cell foams are generally rigid. The gas involved in the manufacturing of automotive foam can either be chemical or physical and is termed as a blowing agent. Physical blowing agents are those gases which are not involved in direct chemical reaction in the foaming process and thu...

 Demand for automotive electronics is expected to reach US$ 300,332.43 million in 2022 and is projected to increase at a CAGR of 7.30% to reach US$ 607,574.4 million by 2032. The stricter safety regulations, which are encouraging innovation and development of sensor technologies and signal processing algorithms, are credited with growth. Automotive electronics comprises of electrically operated systems deployed in vehicles. Electronic fuel injection, airbag, advanced driver assistance and infotainment are some of the areas where automotive electronic systems is primarily used in order to increase the overall efficiency of the combined system. As electric and hybrid vehicles are gaining traction in the market, these systems are likely to become key focus area of electronic system providers. Technological advancements such as electrical active suspensions and power trains for electric vehicles in automotive industry are likely to increase the application areas for powe...

 The global train seat market is estimated to garner US$ 3,001 Million while exhibiting a 4.5% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 1,933 Million in 2022. With increasing urbanization and increasing investment due to the growth of financial economies like china, and India there is an increase in demand for the train seat market. Increasing government investment in the development of railways drives the growth of the market. Increasing government initiatives aiming to attract tourists and travelers and usage of high-speed trains for long routes with a luxurious interior and better services will further help in the growth of the train seat market. The regional/intercity segment is likely to offer remunerative opportunities for the global train seat market. Several emerging economies are making significant developments in their tech...

 A recently published study by FMI expects the global  automotive axle market  to augment at a 2% CAGR from 2022 to 2032. By the end of the said assessment period, a valuation of US$ 74.60 Billion is expected for the market. Increase in sales of luxurious cars, passenger cars and heavy commercial cars are escalating the demand for automotive axles. As electric vehicles penetrate the market, the demand for automotive axles is expected to grow with time. From 2017 to 2021, the industry experienced noteworthy growth, registering a value CAGR of 2% and closing at US$ 60 Billion. Although the COVID-19 pandemic halted the growth of the automotive axle market, post the pandemic, the demand is expected to rise. Manufacturers of automotive axles are focusing on producing cost-efficient and durable axles. Hybrid and electric vehicles are creating lucrative opportunities for automotive axles. Furthermore, increasing purchasing capacity in regions like Asia Pacific, Nort...

 With increasing investments in the expansion of transport infrastructure to meet the growing need of the global population, the  electric cargo bikes market  is anticipated to surge at an impressive pace. According to Future Market Insights (FMI), the global electric cargo bike market is projected to expand exponentially at CAGR of around 11% over the forecast period 2021-2031. The use of electric cargo bike for logistics and supply chain applications are currently gaining traction in countries with matured transportation systems. The increasingly important requirement to reduce the carbon footprints for environmental protection, along with high performance and low maintenance characteristics in the logistics industry, are compelling manufacturers to invest production capacity, therefore creating promising market prospects for the foreseeable future. With increasing investments in urbanization, increasing volume of deliveries being conducted by logistics comp...

The approximately US$ 3.3 billion market for automotive gudgeon pin is poised for a moderate, just-under 5% yearly growth in the revenue, in 2022. A new study by Future Market Insights emphasizes the critical role of aftermarket in influencing the overall sales picture of automotive gudgeon landscape. Future Market Insights (FMI) has estimated the Automotive Gudgeon Pin market to grow with year on year growth of 4.3% in 2022 reaching value of about US$ 3,149.4 Mn by 2022 end. The global industry is projected to observe a significant CAGR of 5.0% by value during the period of 2022 and 2027. The report also sheds lights on the significance of a growing trend involving green combustion engine technologies in shaping the competitive landscape of automotive gudgeon pin marketplace. Research spots a few prominent attributes favoring adoption of gudgeon pins in automobile - Growing proclivity for automation Increasing demand for high efficiency, smart engine systems Material i...

 The global demand for cargo bikes is expected to rise at  10.8%  year-on-year in 2021 with sales reaching over  US$ 900 million . Future Market Insights (FMI) projects the cargo bike market to grow at  11.6%   CAGR  between 2021 and 2031. With the rise of e-commerce operations, logistical flows are witnessing significant expansion, creating transport and time-sensitive operational challenges. According to a recent report by Future Market Insights (FMI), the global  cargo bike market  is projected to expand at CAGR of around 11.6% over the forecast period 2021-2031. Sustainable urban logistics development is becoming increasingly vital to keep up with quality-of-life parameters in urban centres, while solving two major problems—congestion and poor air quality. These factors are critical to sales of cargo bikes. The usage of cargo bikes as a mode of transportation for urban freight flows has a favourable impact on these iss...