Increase in the purchasing power of the people is creating opportunities for the market growth

The global automotive lighting market size was valued at USD 19.64 billion in 2014 and is anticipated to reach USD 34.65 billion by 2022. Global automotive market will witness a steady growth with growing demand of automotive vehicle in the upcoming years. Increasing automotive production, rising concerns about vehicle safety, growing population and also government are driving the growth of the market. On addition to it, the increase in the purchasing power of the people is also creating opportunities for the market growth. Lighting is a vital component in automotive vehicles and plays a very important role in automotive safety. Automotive vehicle consists of variety of lights to increase the visibility in darkness and bad weather conditions and automotive lights also increase the conspicuity (that is the clarity of observing things) of the vehicle. The lighting system comprises of signalling and lighting devices. The lighting devices are placed in different locations of the vehicle including front, rear, top and interiors.

Halogen being an easily available and cost efficient technology has been majorly adopted by the market and is therefore, being used in lighting technology in the automotive sector also LED and Xenon are prominent lighting technologies which are in prime use in the global automotive lighting market. LED is likely to witness the highest growth amongst the three technologies during the forecast period. LED is relatively costlier, hence, at present is majorly being used in the high-end vehicles. However, research is being done to lower their cost as a result of which it would create significant rise in demand of LED lights in the upcoming years. The automotive lighting market is segmented based on technology, vehicle types, lighting applications, product sale and geography.

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On the basis of lighting applications, the market is segmented into rear lighting, front lighting, interior lighting and side lighting. The technology is segmented into LED, halogen and xenon. Based on vehicle type, the market is segmented into commercial vehicles and passenger vehicles. Based on product sale, the market is segmented in aftermarket product and OEM product. The geographical segmentation of automotive lighting include North America ( U.S. , Canada, Mexico) , Europe (Germany , UK , France , Italy) , Asia Pacific (China, India, Japan), RoW ( Brazil, Russia), Latin America and Middle East Africa. The global automotive lighting market is an excessively fragmented market with the presence of many regional and global local vendors. The global automotive lighting market is very dependent on automobile sales and the growth driven by the increase in automotive production. The market has seen constant innovations and development of new products, which in turn resulted in an excessive competitive environment for the manufacturers of the automotive lighting.

The key players of the global automotive lighting market include Ichikoh Industries Ltd., General Electric (GE), Koninklijke Philips N, Koito Manufacturing Co. Ltd, Magneti Marelli S.P.A, Valeo, Stanley Electric Co., Hella KGaA Hueck & Co., Ltd., Zizala Lichtsysteme GmbH, Osram GmbH, Hyundai Mobis, Royal Philips Electronics. The global automotive market is expected to grow at a CAGR 8% during the forecast period which can result to be profitable for the global automotive lighting market also. Ambient lighting is one application where lighting is strategically placed in the vehicle to create an experience and induce a psychologically pleasing effect. Headlamps, DRL, auxillary lights, off road lights, compact lights, dome lights, instrument display lights, fog lights and taillights are the popular segments in the global automotive lighting market attracting automotive designers with their unique and stylish looks. In the upcoming years the use of LED lighting is expected to cover of the total market soon in the upcoming years. Broadly automotive lighting market is segmented as Interior lighting and exterior lighting during the year 2015, the exterior lighting segment had dominated the global automotive lighting market, with a very high market share. Exterior lighting plays a very important role in ensuring safety and with more manufacturers focusing on the safety aspect demand for exterior lighting is expected to rise in the next seven years.

The growth in the Asia Pacific region is driven by India and China, which are the largest markets for automotive production in the Asia Pacific region. The Asia Pacific region is a hub for automotive components due to improved infrastructure, preferences and changing lifestyles, government initiatives, and overall reduction in vehicle production costs. There is a high growth in the number of vehicles in the BRIC nations which further creates large opportunity for the growth of automotive lighting market during the forecast period. Purchasing power is increasing which in turn is increasing the demand for advanced and sophisticated technologies which include advance front light system (AFS) and daylight running lights system (DRL). Automotive lighting indicates vehicle's presence, position, size, driver’s intentions regarding direction, and direction to travel and speed of the vehicle that is travelling. The demand for aesthetic lighting is also increasing which in turn would support the demand of lights in commercial and private cars.

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Catalytic converters a component used in automobiles to convert harmful emissions

The global automotive catalytic converter market size was valued at USD 111.00 billion in 2014 and is projected to reach USD 272.95 billion by 2024. The growth can be attributed to strict government and institutional norms applied for emission control, rapidly growing automobile industry, evident environmental impact caused by automobile emissions and advancements in the product technology. Catalytic converters a component used in automobiles to convert harmful emissions comprising carbon monoxide, nitrogen oxide, and hydrocarbons into less harmful gases such as carbon dioxide, nitrogen or water. Generally, the product consisting of a core made up of a ceramic honeycomb structure coated with the catalyst metal is installed in the emission mechanism of the vehicle.

Stringent regulations imposed in several North American and European countries mandating the use of converters in all vehicles are expected to elevate their demand. Growing number of automobiles, light weight as well as heavy duty vehicles in emerging markets such as China and India are expected to play an important role in shaping the market dynamics in these regions. Innovation & development of technology in the segment is fast paced, effectively catering to the requirements.

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Increased hybrid & electric vehicles’ demand is expected to challenge the automotive catalytic converter market over the forecast period, as these vehicles do not use an inbuilt converter on account of the absence of any form of emission. The discovery of bio fuels which has consequently reduced emission problems is expected to hamper the growth rate over the next few years.  Raw materials used for production primarily comprise metal catalysts which are usually costly and undergo frequent price fluctuations consequently introducing uncertainty in achieving demand consistency, optimal operations and profitability.

Automakers also face the challenge of reducing the negative effect of these components on the automobiles’ fuel efficiency. Some catalyst converters lead to unwanted chemical reactions producing by-products such as sulfur oxides that prove to be environmentally harmful, thus challenging product quality. Mining techniques used in the extraction of raw materials such as palladium, platinum, rhodium result in a considerable amount of environmental pollution. Regulations for emissions limits as well as jurisdictions are not uniform across different countries as a result of which design of catalytic converters and production processes cannot be standardized.

Manufacturers are constantly bringing about innovations in the design of these converters for improving the efficiency and applications in new automobile segments as well as across a wide array of engines. There are a lot of scope in eco-friendly technologies of production, catalyst conversion reactions and emissions control. Companies are innovating in the direction of four-way catalytic converters with enhanced performance, quality and compatibility with advanced engines.

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The product can be segmented by product, material and technology. On the basis of product, these converters can be segregated into three-way catalysts (TWR), selective catalytic reduction (SC), diesel oxidation catalyst (DOC), lean Nox catalyst(LNC) and lean NOx trap (LNT). Two and three-way oxidation and diesel oxidation catalysts are expected to capture a sizeable market share on account of their inherent reduced emission feature.

Based on material, the market can be sub-divided into palladium, platinum, rhodium and others. Platinum components are predominantly used but owing to the price rise in this type palladium and rhodium catalysts are expected to gradually capture the market share. Converters can use two techniques for conversion of harmful emissions, namely coil on plug ignition and simultaneous ignition.

Developed markets such as the U.S., Canada, Germany, France and UK are at a maturity stage. However, prominent automotive companies as well as Original Equipment Manufacturers (OEMs) are located in these countries. Collaborations between these companies and converter manufacturers are expected to maintain a steady demand for the components and technology development in the sector.

Emerging economies China, India, South Korea and Japan are anticipated to grow at a high rate. This can be attributed to growing number of manufacturing facilities in Asia on account of low production costs, availability of skilled labor, and increasing capabilities of the units and rise in demand.

Key players in catalytic converters are Tenneco Inc., Faurecia SA, Benteler International AG, BASF Catalysts, MagnettiMarelliSPA, Calsonic Kansei Corporation, Clean Diesel Technologies and Katcon. Other vendors include Sango, Yutaka, Bosal International. Companies are enhancing their offerings in a bid to meeting global emission standards across different countries, thereby maintaining their competitiveness. Strategy focus is oriented towards acquiring expertise in global regulations compliance, cost effective solutions and optimal vehicle performance.

In order to deal with the fluctuating prices of raw materials, manufacturers are using inventory management strategies, entering into partnerships by backward integration with raw material suppliers. As the industry is at different stages of growth in different regional markets, companies are adopting strategies accordingly. New product development is their focus in mature markets, whereas high volume market penetration is their aim in emerging regions.

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Growing number of official emission test and service centers are powering the development of the market

Synopsis:

With reference to the report published by the experts the scope of the global Automotive Emission Test Equipment Market was priced by US$ 616.7 million in 2018. It is projected to touch US$ 869.8 million by 2025, growing at a CAGR of 5.1% during 2019 to 2025. Increasing necessity for tolerable parameters of giving out for the vehicles on road, rules connected to discharge of injurious complexes, strict acquiescence with orders & rules is expected to strengthen the development of the global market for automotive emission test equipment.

Increasing alertness and worries about pollution produced by the discharges of vehicle, particularly from light-duty automobiles and passenger cars, are causing in augmented necessity for the implementation of strict instructions and rules by governments of a number of nation state.

Drivers:

The increasing alertness regarding the growing foot mark of carbon and the stages of greenhouse gasses upsetting the surroundings are generating possibility to retain motorized discharge at tolerable stages. This is estimated to lead the development in the global automotive emission test equipment industry.

All over the world, the various governments, has put down strict guidelines on the releasing of the dangerous gases from the vehicles. The vehicles for example passenger vehicles and heavy duty automobiles are taken beneath the strict rules, helping in the firming up of the global market for automotive emission test equipment during the approaching years. Episodic testing and the certification of it by the panel for pollution regulation are assertive for the global automotive emission test equipment market to gush for the duration of the forecast.

The increasing technical progression for example transportable and compact emission gaging devices is pushing the development in the global market for automotive emission test equipment during the approaching years. Increasing number of automobiles on road are likely to power the market for automotive emission test equipment. Growing number of official emission test and service centers are powering the development of the market.

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Restraints:

The arrival of electric vehicles can hamper the development of the global automotive emission test equipment industry during the period of forecast.

Classification:

The global automotive emission test equipment market can be classified by Emission Equipment, Solution and Region. By Emission Equipment, it can be classified as Smoke Meters/ Opacity Meter, Other Vehicle Emission Test Equipment. By Solution, it can be classified as Hardware, Software, Equipment and Services.

Regional Lookout:

By Region the global automotive emission test equipment industry can be classified as North America, Europe, Asia Pacific, and Rest of the World. In 2018, Europe was responsible for the most important share of income, in the global market for automotive emission test equipment. The nations of the state for example the Netherlands Germany and the U.K. are at the front position to take on the standards for the vehicle emission testing along with the strict instructions and guidelines, as recommended by the European Union.

Asia Pacific is likely to mark the maximum CAGR for the duration of the forecast. Growing suburbanization in this province is inspiring introduction and carrying out of several initiatives, taken by local nations heading for observing and regulating the exhausts of the vehicle. In addition, the area is changing into the biggest manufacturing center of automobiles due to low-slung costs of manufacturing the automobiles.

This is projected to be the most important state for the automotive emission testing equipment. The development in Asia Pacific may possibly be credited to increasing per head earnings, growing demand for passenger vehicles. Additionally, low-priced labor force, low-slung cost of the manufacture, easily obtainability of finances, beneficial proposition for the clienteles are some of the reasons for the development of the global market for automotive emission test equipment.

North America is expected to observe remarkable development for the duration of the forecast. The U.S.A is a most important adopter and provider for the development of the market in the region, because of residence of a huge number of companies for example software developers, service suppliers and OEM’s.

Companies:

Some of the important companies for automotive emission test equipment market are: TEXA S.p.A., SGS SA, HORIBA, Ltd., TÜV Nord Group, Opus Group AB, AVL LIST GmbH, Applus+, CAPELEC, Gemco Equipment Ltd., Sierra Instruments, Inc., Delphi Automotive PLC, and ACTIA Group S.A.

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A wiper system gauges the force between blade and glass

The global wiper systems market is expected to cross USD 11.07 billion by 2025. A wiper system gauges the force between blade and glass. Using a uniform wiper system leads to excellent visibility through the windshield whereas an uneven profile with a high force with one or two claws might result in single or multiple scratches. In case of low force regions, irregular wiping operations take place.

A typical windshield possess compound curves that create certain challenges in working of arm. For instance, the blade can go well with glass positions but not on the entire surface. Sequential static movements induce up-stroke and down-stroke movements that determine how well an arm assembly goes with windshield curves.

Wiper systems market is driven by factors such as surge in automobile production and rise in GDP in developing regions. Increasing developments for road infrastructure across developed and developing regions are likely to attain a significant market share in the forecast period. In addition, the market is stimulated by after sales service offered by vehicle manufactures. Rise in competition and competitive pricing also acts as a catalyst in forming a channelized market growth.

“Type” segment for wiper systems market includes rain sensing wiper system and traditional wiper system. Rain sensing wipers account for a significant growth in the forecast period owing to the minimal cost of hardware that lessens the total cost of wiper system. “Application” segment for wiper systems industry includes commercial vehicles and passenger cars. Commercial vehicles are expected to dominate the market in the forecast period owing to rise in commercial car business for medium and large enterprises.

Geographical segmentation for wiper system market includes North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific’s market is likely to dominate the market in the forecast period owing to a wider presence of automobile industry and rise in OEM sector. North American and European markets are anticipated to grow significantly at an astounding CAGR in the forecast period due to increase in use of automobiles and novel techniques used in manufacture of wipers of different sizes according to the size and use of vehicle.

Prominent players in the wiper systems industry include Mitsuba, Robert Bosch GmbH, WEXCO industries, DOGA S.A., Federal-Mogul, PMP Auto Components Pty Ltd, ASMO Co Ltd, Valeo S.A., Denso and Trico Products.

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Global Rear Spoiler Market is Anticipated to Reach $ 7.30 Billion by 2025

The Global Rear Spoiler Market is anticipated to reach USD 7.30 billion by 2025 with the contribution of growing demand for the SUVs and MPVs from the young generation. A Rear Spoiler is an automotive aerodynamic device that helps in spoiling the opposing air movement across the body of the vehicle. The spoilers present on the front of the cars are called as air dams that are essential for the engine cooling and high speed stability.

Some spoilers are fitted on the cars just for designing purpose or for improved aerodynamics. A rear spoiler supports in increasing the efficiency and decreasing the drag. The spoilers improve the traction capability of a car, improve the visibility of the car and reduce the weight of the car, technically. The Rear Spoiler Market is predicted to grow considerable at CAGR of 7.9% primarily owing to the manufacturing of plastic spoilers.

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At present, several cars are well-furnished with Rear Spoilers to improve the fuel efficiency and reduce the rate of accidents. Most customers install the rear spoilers for designing purpose, which is a reason for increased demand. The bulk manufacturing of composite materials is anticipated to diminish the cost of raw materials in near future. This will ultimately reduce the overall cost of rear spoilers and produce a higher demand over the years.

The rising demand from SUVs (sports utility vehicles) and high-speed vehicles is expected to support the rear spoiler industry growth significantly. The carbon fiber, which is mostly used in the manufacturing of rear spoilers is preferred by the aftermarket since the customization is carried out by the independent service providers. The rear spoiler also possesses features like high strength, durability, improved finishing and appearance and lightless.

The Internal Combustion Engine is projected to dominate the rear spoiler industry in the near future. Maintaining the balance of the car at higher speeds and providing aerodynamic features are among the major advantages to manufacture Internal Combustion Engines. This will further support the rear spoiler from the automobile sector. The rear spoilers manufactured from the hybrid segment is predicted to contribute the CAGR impressively over the years. Such a penetrating of hybrid vehicles from the different parts of the world economies will boost the market growth. Depending on the vehicle segment, the hatchback segment is expected to dominate the market due to compact size and rates.

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The hiked prices of the rear spoiler along with environmental concerns are majorly driving the automotive producers to develop fuel efficient cars with low emissions. Owing to the recent years, the fuel efficiency need is progressively rising in the automotive industry. Due to this reason, the extensive research is experiencing the development of aerodynamically improved vehicle designs. Hence, the demand for this improved product is expected to contribute largely to the rear spoiler market. Nevertheless, the rear spoiler installation and maintenance are very costly which may restrict the market growth in the coming years. The rear spoiler providers many a times offer suitable devices at reasonable rates and with after sale services for gaining customer confidence.

The rear spoiler industry is categorized on the grounds of vehicle type, material type, sales channel, technology, fuel, design and region. On the grounds of vehicle type, the market is divided into Hatchback, SUV and MPV. On the grounds of material type, the industry is divided into ABC Plastic, Fiber Glass, Silicon and Carbon Fiber. On the grounds of sales channel, the market is divided into OEM and After Market. On the grounds of technology, the rear spoiler market is divided into Blow, Injection and Reaction Injection Molding. On the grounds of fuel, the industry is divided into ICE and BEV. On the grounds of design, the market is divided into Strips and Free Standing Wing.

Some of the prominent rear spoiler industry participants are across the globe are Jiangnan Mould and Plastic Technology Co., Ltd. Albar Industries Inc., SMP Automotive,P.U. Tech Spoiler, Polytec Group, Thai Rung Union Car Plc., Rehau Ltd., Inoac Corporation, Plastic Omnium, SRG Global, AP PlasmanInc and Magna International.

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Brake calipers are the essential components of an automobiles braking system

January 19, 2021 - Global Brake Caliper Market is predicted to grow significantly in the coming years owing to the mandatory use of brake caliper in vehicles and increase in demand for automobiles worldwide. Brake calipers are the essential components of an automobiles braking system. Vehicles mostly use disc brakes for front wheels, but nowadays several trucks and cars apply disc brakes in the rear as well. In the disc brakes, automobile’s wheels are fixed to the rotors or metal discs where, calipers help in slowing down the car’s wheels by producing friction with the rotors.

 

Strict regulations for vehicle and passenger safety has resulted in compulsory installation of brake caliper in LCV, PCV, HCV and two-wheelers. As compared to the traditional system, brake calipers are self-adjusting and offer effective function and effortless stopping. Owing to this feature, market is expected to drive in the forecast period. In addition, the constant advancements in safety features with high quality check conducted while manufacturing will impressively affect brake caliper market in the years to come.

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Moreover, the trend of product remanufacture is gaining traction among existing manufactures in the developed areas. This has led to an overall reduction in price and carbon footprints in the production. In addition, the enhancements of low weighted aluminum products along superior fitment that matches OE demand is expected to drive the brake caliper market in near future.

Vehicle manufacturing companies are relying on the suppliers who offer cost-efficient products that match automotive regulations. Strong competition among manufacturers has affected the overall pricing trend of the product. Furthermore, overall manufacturing capacity may lead in reduced price, which will again affect the revenue of brake caliper market.

Large-scale manufacture of brake caliper will enable brake caliper companies to reduce gap between price and emphasis on enhancing the supply chain management of the product. Rising vehicle production worldwide, with major share from the emerging economies is expected to increase the product demand, thereby driving brake caliper market. Rise in customer spending power, increase in vehicles sales are few other factors that contribute to the growth of brake caliper market.

The market is categorized on the basis of product type, sales channel, automobile type, and geography. On the basis of product type, market is divided into floating brake calipers and fixed brake calipers. Based on sales channel, market is divided into original equipment manufacturers (OEMs) and independent suppliers.

On the basis of automobile type, market is split into two wheelers, passenger cars, light commercial vehicles, and heavy commercial vehicles. Geographically, market is segmented as North America, Latin America, Eastern Europe, Western Europe, Asia Pacific, and Middle East & Africa. Owing to high standard of living and high disposable income, North America and Europe dominates the brake caliper market.

The existing market players profiled here are Akebono Brake Corporation., ATL Industries., TRW Automotive, Automotive Brake Engineering (ABE), Brakes International, Brembo S.p.A., Centric Parts, Continental AG, EBC Brakes., Apec Braking, and Wilwood Engineering, Inc.

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