Automotive Silicone Marketplace Dimension To Attain USD 15.90 BN In 2030 Because of to High-Advancement Application Locations These As Electrical Parts And Interior & Exterior Areas Used In Automobile Marketplace, And Huge Advancement In Automobile Field, Claims Reviews And Knowledge

NEW YORK, April 5, 2022 /PRNewswire/ — The world automotive silicone industry dimension is anticipated to access USD 15.90 Billion in 2030 and register a revenue CAGR of 5.8% about the forecast interval, according to most recent report by Studies and Details. Escalating use of silicone-based movie adhesives for customizing autos is expected to travel current market income expansion around the forecast period of time. Silicone is ever more staying made use of in put together with thermoplastics to generate paint finishes with mar and scratch repellent, due to recent technological breakthroughs in paint & coating business. Growth of passenger motor vehicle ownership in international locations these as Mexico, India, China, and Vietnam, fueled by financial advancement and increasing earnings levels is predicted to gasoline automotive silicone marketplace more than the forecast time period.

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Rubber, adhesives & sealants, and coatings are common takes advantage of for the item in automobiles. They enjoy a major position in enhancing car gas effectiveness, ensuing in lower destructive emissions. Silicones’ superior attributes in excess of other products have led to an increase in their use in creation of many automotive elements. It is utilized in nearly each and every inside and exterior element, such as doorway panels, flooring, tires, seat belts, cables, lubricants, and plugs. It comes in a range of sorts, such as compounds, bases, and liquids, and can be utilised in a assortment of automotive applications, these as exhaust mounts, gas cells, spark plug boots, electronic handle process seals, airbags, and grommets. The products has strong prospective for use in hybrid engines. As a result, rising silicone rubber use is expected to have a favorable influence on market place around the forecast time period.

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Some Crucial Highlights from the Report

  • Adhesives & sealants phase earnings is predicted to grow at a considerable level above the forecast period of time. Dashboards and trims, engine compartments, electrical systems, mild assembly, structural bonding, and glass bonding are illustrations of programs for silicone-primarily based adhesives & sealants in automotive market. Raise in require for fuel performance as a result of car fat reduction has amplified demand from customers for improving quality of silicone-primarily based adhesives & sealants used in vehicle market.

  • Engines phase earnings is anticipated to register sizeable earnings CAGR in excess of the forecast time period. Silicone is utilized to multi-layer steel gaskets to continue to keep them from clinging to other steel areas in motor and to raise chilly sealing. Silicone has equally anti-stick and adhesion qualities, depending on its composition. Moreover, silicone’s versatility allows it to swiftly adapt to various thermal enlargement coefficients, which is especially effective on multi-substance seams. Steel, aluminum, and plastic are illustrations of this.

  • Some others segment contain rain & distance sensors, paint & plastic polishes, sheathing & protecting, and crack-defense caps. Silicone is effective to sensor technologies. Rain sensors on car windshields, for case in point, detect presence of rain and

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Automotive Aftermarket Industry Size to Hit USD 529.88

Pune, India, March 30, 2022 (GLOBE NEWSWIRE) — The global Automotive Aftermarket Industry size is projected to reach USD 529.88 billion by 2028 and exhibit a CAGR of 3.8% during the forecast period. The market size stood at USD 392.35 billion in 2020. The digitization of automotive component delivery services results in greater supply diversity and higher price transparency for customers. The growing digitization of automotive component delivery services and the expansion of the automotive industry are likely to bolster the growth of the market.

Industry Developments-

November 2020: FullSpeed Automotive from CenterOak Partners was acquired by MidOcean Partners to fulfill the company’s aggressive growth plan by strategic acquisition & merger and universal organic activities.

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Report Scope & Segmentation

Report Coverage Details
Forecast Period 2021-2028
Forecast Period 2021 to 2028 CAGR 3.8%
2028 Value Projection USD 529.88 billion
Base Year 2020
Market Size in 2019 USD 392.35 billion
Historical Data for 2017-2019
No. of Pages 200
Segments covered Battery, Brake Pads, Filters, Gaskets & Seals, Lighting Components, Body Parts, Wheels and Tires, Others
Growth Drivers Expansion of Automotive Industry to Propel Market Growth
Increasing Vehicle Sales to Accumulate Growth in Asia Pacific

COVID-19 Impact-

The automotive industry has significantly suffered from the negative impact inflicted by the global pandemic. A decline in the production levels due to the lockdowns, curfews, and social distancing norms can be witnessed, along with a decline in revenues. Closure of plants and restrictions on exports and imports by several nations potentially hampered the industry growth. Moreover, the pandemic resulted in reduced purchasing power of consumers, which further aggravated the situation. Nonetheless, the vaccines are now available to the masses, and the market is gradually recovering. The market is expected to gain steep momentum post-pandemic.

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Segmentation-

On the basis of replacement part types, the market is segmented into wheels and tires, body parts, lighting components, gaskets & seals, filters, brake pads, and others. On the basis of vehicle type, the market is bifurcated into passenger cars and commercial vehicles. Geographically, the market is categorized into four major regions- Asia Pacific, Europe, North America, and the Rest of the World.

Report Coverage-

  • The report involves data triangulation based on top-down and bottom-up approaches.
  • The report contains details on revenues, growth rate, strategies, etc.
  • The report highlights market and technological trends, new product developments, etc.
  • The report elucidates the data gathered from interviews with reputed stakeholders such as product managers, C-level executives, among others, operating in the market.
  • The report also highlights the impact of COVID-19 and suggests measures and strategies to grow in the approaching years.

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Drivers & Restraints-

Expansion of Automotive Industry to Propel Market Growth

The swift digitization in developed and developing countries has enabled manufacturers and suppliers to provide consumers the desired product through online sales channels. Customers can use

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Automotive E Commerce Market Measurement truly worth USD 202.94 Billion

Pune, India, Jan. 31, 2022 (Globe NEWSWIRE) — The global Automotive E Commerce sector dimensions is established to grow from USD 51.04 billion in 2021 and is projected to get to USD 202.94 billion by 2028, exhibiting a great CAGR of 21.8% through the forecast period of time. This details is published by Fortune Business Insights™ in its report titled, “Automotive E Commerce Market, 2021-2028.” As for every our scientists, the progress of the industry is fuelled by the augmented demand from customers for automotive equipment and spare elements as older motor vehicles involve constant servicing. The current market stood at was USD 43.62 billion in 2020.

Field Development

July 2019: DENSO Company signed an settlement for mutual undertaking with Smiths Manufacturing (Pty) Constrained to provide aftermarket products and products and services in Southern Africa.

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Drivers and Restraints

Amplified E-commerce Expenditure on Automotive to Encourage Market place Growth

The arrival of automotive e-retail offers sizeable novel sales openings for OEMs, traders, and other digital car or truck retailers. The on the net obtaining of automotive pieces and gears through third-party sellers this sort of as Amazon.com, Inc., O’Reilly Vehicle Elements, and Alibaba Team Holding Limited is projected to screen the quickest advancement in the Automotive E Commerce business foreseeable upcoming.

COVID-19 Outbreak to Slow Down Provide Stoked by Halt in Chinese Production

The unfortunate function of the COVID-19 pandemic prominently affected major producing operations globally. On account of the lockdowns introduced by the federal government of various nations to suppress the spread of the virus, the supply chain administration system collapsed and adversely afflicted the majority of the industries.

For instance, Amazon.com distributors in the United States are stimulating product or service scarcities owing to empty factories in China and delayed cargo flights from the country. In excess of 1 million

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Segmentation

On the foundation of components, the global current market is divided into infotainment and multimedia, engine parts, tires and wheels, inside extras, electrical solutions. By seller form, this market is segmented into OEM suppliers and 3rd-get together sellers. In terms of area, the market place is even further segregated into North The us, Europe, and Asia Pacific.

On the foundation of car or truck type, the market place is labeled into passenger automobiles, industrial automobiles, and two-wheelers. The passenger motor vehicle phase is accountable for the main current market share of 71.79% as of 2020 and is also expected to dominate the current market for the duration of the forecast time period. This is accredited to the surging gross sales of passenger cars.

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Regional Insights

North The usa to Ace Market place Backed by Client Inclination towards Luxurious Automobiles

The North American region is projected to dominate and keep the the greater part

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Automotive Technologies Market to Record USD 134.06 Bn | Continental AG, DENSO Corp., and HELLA GmbH and Co. KGaA emerge as dominant players

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According to the recent market study by Technavio, the Automotive Technologies Market Size is expected to increase by USD 134.06 billion from 2020 to 2025. However, the growth momentum in the market is expected to decelerate at a CAGR of 11.04%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

APAC will register the highest growth rate, occupying 53% of the global market share. China, Japan, and South Korea (Republic of Korea) are the key markets for automotive technologies in APAC. However, the market growth in this region will be faster than the growth of the market in other regions.

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Vendor Insights-

The automotive technologies market is fragmented with the presence of several regional and international players. Major players are increasing their footprint in the market by expanding their operations. This has increased competition in the market, which is driving small vendors in the market to focus on introducing technologically advanced products and forming strategic alliances with other players.

Continental AG: The company offers various sensors like cameras, lidar, radar, and control units that provide the necessary information for highly automated driving.

DENSO Corp.: The company offers various electronic platforms, port terrain systems, and others.

HELLA GmbH and Co. KGaA: The company offers a range of vehicle electronics solutions such as LED headlamps, intelligent battery sensors for efficient energy management, lane change assistant, and others.

Intel Corp.: The company offers various technologies for the automotive industry such as autonomous driving, in-vehicle experience, functional safety and electric motor controls, power conversion, and battery management systems for electric vehicles.

NVIDIA Corp.: The company offers various automotive technologies such as ADAS, automated driving, in-vehicle experience, ADAS, and others.

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Regional Market Outlook

The automotive technologies market growth in APAC will be significant during the forecast period. The increasing sales of automobiles and the rising demand for electronics-based driving comfort and safety systems will be crucial in driving the growth of the automotive technologies market in APAC. The report also offers detailed insights into the growth of the market across other regions such as Europe, MEA, North America, and South America. Countries such as the US and Germany are identified as prominent markets for automotive technologies.

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Automotive Technologies Market Size to grow by USD 134.06 bn | Rising Adoption of ADAS Features in Vehicles to Boost Growth

NEW YORK, Nov. 26, 2021 /PRNewswire/ — The automotive technologies market will be driven by the rising adoption of ADAS features in vehicles. The market is expected to grow by USD 134.06 bn from 2020 to 2025. According to Technavio, the growth momentum of the market will decelerate at a CAGR of 11.04%. The report offers an up-to-date analysis as well as exact growth variance and Y-O-Y growth rate.

Attractive Opportunities in Automotive Technologies Market by Component and Geography – Forecast and Analysis 2021-2025

Request a Free Sample Report to explore growth opportunities in the automotive technologies market

The automotive technologies market is fragmented, and the degree of fragmentation will decelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The automotive technologies market report covers the following areas:

Automotive Technologies Market 2021-2025: Segmentation

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Automotive Technologies Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.

The rising adoption of ADAS features in vehicles, the increasing adoption of electronics-based driving comfort and safety systems, and intervention of innovative technologies for advanced UI will offer immense growth opportunities. However, lack of standard protocols, lack of connected infrastructure, and delay in luxury of ongoing updates and amendments will challenge the growth of the market participants.

Automotive Technologies Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the automotive technologies market, including Continental AG, DENSO Corp., HELLA GmbH and Co. KGaA, Intel Corp., NVIDIA Corp., NXP Semiconductors NV, Renesas Electronics Corp., Robert Bosch GmbH, Xilinx Inc., and ZF Friedrichshafen AG. Backed with competitive intelligence and benchmarking, our research report on the automotive technologies market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

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Automotive Technologies Market 2021-2025: Regional Analysis

Technavio offers an up-to-date analysis of the geographical composition of the market as well as competitive intelligence and regional opportunities for vendors. Based on our research, APAC is expected to dominate the market during the forecast period. The region will account for 53% of the market’s growth. China, Japan, and South Korea (Republic of Korea) are the key countries for the automotive technologies market in the region. APAC has been recording a significant growth rate. Hence, it is expected to offer several growth opportunities to market vendors during the forecast period. The increasing adoption of electronics-based driving comfort and safety systems will drive the automotive technologies market growth in APAC.

Automotive Technologies Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025

  • Detailed information on factors that will assist automotive

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Global Car Accessories Market is Likely to Cross almost USD 753.05 Billion by end of 2028

NEW YORK, Oct. 28, 2021 /PRNewswire/ — The global car accessories market is reasonably populated with the leading companies in 2016 adding up for noteworthy share of the market. Major players have been spending in technological advancement, product innovation, and maintaining quality standards so as preserve their supremacy in the car accessories market. The major players active in the car accessories market are Cover craft Industries LLC, U.S. Auto Parts Network Inc., Star Automotive Accessories, Lloyd Mats, Hyundai Motor Company, Robert Bosch GmbH, JCA Fleet Services, Roush Performance, Renault, Classic Soft Trim, and Honda Motor Co., Ltd. among others. These players are set to augment the growth of the car accessories market in the near future.

According to analysts at Zion Market Research, the global car accessories market was capitalized at USD 487.79 Billion in 2020. The global car accessories market is likely to cross almost USD 753.05 Billion by end of 2028, developing at a CAGR of almost 6.4% from 2021 to 2028.

This Press release is based on a research report by Zion Market Research, titled “Car Accessories Market by Products (Working lights, Torches, Appearance accessories, Warning lights, Driving lights, Interior lights, E-sets, Interior accessorises, Lifestyle gadget, Instruments and gauges, Safety,  Light module tuning, Performance/stylish/luminaire tuning, Vision products, Appearance chemicals, Gas & oil additives, Solar powered HVAC systems, Retrofit air conditioner sets, and Others) – Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028”.

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Growing Inclination towards Customizations of Vehicle and Rising Requirements for Cars and To Bolster the Development of Global Car Accessories Market

Analysts at Zion Market Research claim, “The car accessories market is likely to see considerable development in the near future.” Rising requirements for cars, growing inclination towards customizations of vehicle (particularly amongst the teen generation), and increasing sales of pickup trucks in developed nations are the main reasons expected to power the development of global car accessories market over the forecast period. As huge numbers of car accessories are accessible in the industry many of these are not consistent in quality. The goods are made from materials with poor quality. Thus, the availability of cheap low-quality car accessories and irregularity of quality of car accessories might hinder the development of car accessories market.

Technical Advancements Likely To Set New Developmental Opportunities for the Car Accessories in the Years to Come

The auto sector is continually bringing new tech such as biometric vehicle access, new lighting technology, and active window displays among others. This advancement in tech is likely to set new developmental opportunities for the car accessories in the years to come. For example, in June 2018, Rockford Fosgate DSR1 audio processor was launched In India. The Rockford Fosgate DSR1 enhances the quality of the sound over the stock version by connecting to the OEM factory-fitted system of the car. Such types of launches boost the car accessories market.

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