Automotive Airbag Market

As traces of the 2008 global economic slump are fading, the automotive market is on course to witnessing a resurgence of sorts. Currently, the automotive segment is regarded as one of the few booming sectors in the world. Over the next few years, the automotive and automobile market is expected to register impressive growth rates. Factors such as passenger safety are coming under the spotlight, especially in non-traditional economies.

In this context, the global automotive air bag market is expected to witness high growth rates. Many of these changes in passenger safety standards will be a result of new legislation that has been recently introduced – or will soon be brought about – in thriving markets. In fact, the installation of certain safety devices is soon to become mandatory in cars and a few other passenger vehicles. Besides the Automotive Airbag Market, other segments such as seat belt restraint systems will attain healthy growth and garner more revenues.

A typically airbag module is composed of the following important elements: Crash sensors, steering wheel connecting coil, an inflator, and diagnostic monitoring units. The size and shape of the airbag varies depending on the specifications of the vehicle itself.

The Three Leading Drivers for the Automotive Airbag Market

There are several factors that prove favorable to the growth of the global automotive airbag market, but here are the three most important ones:

• There have been recent advancements in technology, leading to a wider acceptance of automotive airbags

• Several new regulations have been introduced to ensure the safety of passengers in automotives. The adoption of these regulations has been made mandatory in regions such as Europe and North America (mainly the U.S.). This is also true of some APAC countries, such as Australia and New Zealand.

• There is an overall increase in consumers’ awareness pertaining to their own safety and security when behind the wheel or inside a vehicle. This has proven to be an advantage of the growth of the automotive airbag market.

Asia Pacific was at the Forefront of the Automotive Airbag Market in 2013; Heavy Investments Expected to Flow into the Region

The overall automotive airbag market can be segmented on the basis of the types of airbag safety systems. When segmented thus, the market features: Front, knee, side and curtain airbags. The largest market share in the global automotive airbag market was held by Asia Pacific in 2013. This prominent position held by APAC, largely because of the high automotive demand here, is expected to promote the inflow of investments into the APAC region. A number of high-end air bag development and improvement research initiatives are already underway in the Asia Pacific market, and this will prove favorable to growth.

The other important factor at play in the Asia Pacific market is that of a visible improvement in the lifestyles of consumers. This has led to higher demand for automobiles as well as sophisticate features housed therein. According to the estimates of a U.S.-based market research firm, the Asia Pacific automotive airbag market stood at US$5.91 billion in 2013. The Asia Pacific automotive airbag market will also grow the fastest in the coming years.

The cost factor will play a very important role in the growth of the automotive airbag market - not just in price-sensitive APAC countries, but across other regions as well. Thus, companies will be forced to balance their cost against all other important factors.

Emission Control Catalysts Market

The market is the stringent environmental policies that have been adopted by various governments and environmental protection agencies.Catalytic converters can be classified based on the application that they are being installed for and type of engine. Based on application, catalysts are industrial or automotive.

With the advent of emission regulation policies, such as the Euro standards in Europe, National Ambient Air Quality Standards in the USA and Bharat Stage emission standards in India, there has been a revolution in the production of emission control equipments, specifically catalyst based. Catalysts are used in gasoline or diesel based internal combustion engines. At the onset of the environmental emission regulations, catalysts were only made compulsory for automobiles but with the progress in technology and extent of emissions from production facilities across the world, catalysts were considered necessary for industrial and power plants as well. Emissions occurring from automobiles, heavy duty equipments and industrial plants, besides containing carbon dioxide, also possess certain other compounds, such as carbon monoxide, nitrous oxides and unburnt or partially burnt fuels, which are extremely hazardous for the environment. The regulations have been put in place to curb the emission of such compounds in order to protect the ecology. Catalysts curb the emission of such compounds, convert them to non-hazardous materials and then release them into the atmosphere.

One of the most important drivers for the market is the stringent environmental policies that have been adopted by various governments and environmental protection agencies. These directives guide the market to improve emission control technologies and make them standardized and compliant across the planet. Another driver is the continuous development of new and upgraded catalysts across the market that prompts automobile and industrial catalyst manufacturers to innovate, thus causing replacement of the older catalysts. On the other hand, catalysts face constraints in the form of being expensive to procure or replace. Additionally, since catalytic converters emit carbon dioxide after conversion of hazardous elements, they are faintly responsible for the increased amount of carbon dioxide in the atmosphere. But regardless of the pros and cons of catalysts, market opportunities lie in emerging markets, especially India and China that will affect the market in the near future.

Catalytic converters can be classified based on the application that they are being installed for and type of engine. Based on application, catalysts are industrial or automotive. Under the automotive segment, catalysts can be installed in passenger vehicles, trailers, buses, tractors and earth moving equipment and even aircrafts. For industrial use, the type of catalyst to be installed is decided based on the environmental norms imposed on the particular industry i.e. a petroleum refinery would need the highest grade of catalysts as compared to a food processing unit. Based on the type of engine, catalysts are different for internal combustion engines as compared to spark ignition ones.

Regionally, emission control catalyst market has seen the most growth from North America, due to the highest number of automobiles and industries existing in the region, specifically in the U.S. Due to stringent Euro standards; Europe has also seen increased demand for catalysts, mainly from Germany, Switzerland, Austria, Netherlands, Norway and the United Kingdom. The Asia Pacific expanse is currently seeing a rise in emission control catalyst demand due to the industrialization of emerging economies, essentially from India, China, Malaysia, Vietnam, Pakistan and Japan. Across the rest of the world, heavy demand can be witnessed from U.A.E., Oman, Saudi Arabia, Nigeria, Libya and Brazil.

Some of the companies involved in the manufacturing of control catalysts are: Tenneco Inc., DCL International Inc., KATCON Global, Eastern Manufacturing Inc., Bastuck GmbH &Co., Bosal Nederland B.V. and AirTek Inc.

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Automotive Glass Market

Different types of glass used in the automobile industry, such as windscreen, side and rear windows, and glass panel roof, are collectively known as automotive glass. The Automotive Glass Market can be primarily divided into two segments: Aftersales Replacement Glass (ARG) and Original Equipment Manufacturer (OEM) glass.Aftersales Replacement Glass (ARG) is used in maintenance and repairing activities in post-sale products. 

                           

On the other hand, Original Equipment Manufacturer (OEM)glass is sold to vehicle manufacturers primarily for installation on new automobiles.Demand for ARG is 15% to 20% of the total demand for automotive glass, while remaining demand is generated by OEM glass. Generally, automotive glass accounts for 3% of the total vehicle weight. Demand for automotive glass dependsondemand from the automotive industry.In 2014, the automotive industry accounted for 15% of the total float glass market. Out of this, 95% was accounted by the mainstream automotive industry including trucks, buses, coaches, and off-road mobile machinery. The remaining 5% is used in the transportation sector in inland waterways, trains, trucks, metros, ships, etc.

Market prices of automotive glass depend on its demand in the market and raw material cost. After the economic slowdown in 2008, the automotive glass market witnessed rise in demand due to increase in production of automobiles. Average global price of automotive glass was highly variable from 2008 to 2010; however, it stabilized after 2010,depicting consistency in the automobile market.The automotive glass industry is expected to witness growth in the next few years due to increasing global GDP and urbanization. Side glazing is the latest trend in the automotive glass market; hence, average glass used per vehicle has increased.Complexity and value of the glass being delivered to the automotive industry is increasing to satisfy the end userwith security and safety requirements. Research and development is being carried by automotive glass manufacturers to introduce innovative features and technology.The OEM market has to overcome restraints to enterthe market by following a long certification cycle, including third-party certification, design automobile factory certification, testing, and bid invitation. Whole vehicle manufacturers rely onlogistics supply, high-standard synchronous R&D, production technology, and product quality of auto glass production, while the OEM market has high concentration rate and large demand.End-users choose auto glass manufacturers with high brand awareness and large-scale suppliers.Automotive smart glass with auto dimming properties has drawn attention of the automotive industry. Manufacturers prefer advantageous location of production base and realize short-distance supply to reduce costs. The smart glass segment of automotive glass manipulatesand optimizes natural light, cooling and heating load, lighting load etc.

In terms of consumption of automotive glass, currentlyEurope accounts for more than one-third share of the global automotive glass market, followed by North America and Asia Pacific. China, Japan, South Korea, European Union, and North America account for 93% of the global automotive glass market. The automotive market in North America is estimated to be one of the fastest-growing markets with a vehicle production growth rate of 5.6% during the forecast period. Production of light commercial vehicles has also grown rapidly in North America at the rate of 9.7% during the forecast period. China, is responsible for almost 10% of the global share and also have a lion’s share in global OEM market.

Automotive Interior Materials Market

"Automotive Interior Materials Market ": Make intelligent decisions with strategic market research reports. Learn about current trends, size, shares and growth opportunities in your market. Refer market research report on “Automotive Interior Materials Market” 2012 To 2018

Automotive manufacturers are focusing more on interiors of automotives due to the demand and changing taste and preferences of customers. Manufacturers are seen to concentrate on the materials of automotive interiors which help them to differentiate their brands from others and support their sustainability objectives. There are three basic materials that are used in automotive interiors: vinyl, leather and fabric (velvet, velour and cloth fabrics).

Manufacturers are also using light weight material to reduce the weight of automotives due to continuing concerns regarding fuel efficiency. New technologies and light weight metal alloys are driving the attractiveness of the market. Some of the materials that are redefining the growth of this market include: Stainless Steel, Polyphenylene Oxide, Acrylonitrile-Butadiene-Styrene (ABS), Platinum Group Metals (PGM), Thermoplastic Polyolefins and many more. These materials provide high resistance to oil, low temperature flexibility and excellent elasticity.

Continuous research and development in automotive materials may lead to further opportunities. More joint ventures and mergers may help to cater to the increasing market demand. Some advanced materials such as fabric upholstery require maintenance and cleanliness which may limit the sale of automotives. Also high cost of advanced materials is a big challenge to manufacturers.

Some of the key players in the market include AK Steel Holding Corporation, BASF AG, DuPont (EI) de Nemours, General Electric Company, Goodrich (BF) Performance Materials, Honeywell International Incorporated, United States Steel Corporation, 3M Company, Noveon Incorporate, Hoeganaes Corporation, Material Sciences Corporation, LNP Engineering Plastics, Phillips Plastics Corporation, Sunprene Company etc.

Automotive Telematics Market

Automotive telematics is a combination of telecommunication and informatics used in road transportation, vehicular technologies and road and vehicle safety.This research report analyzes this market on the basis of its market segments, major geographies, and current market trends.

Automotive telematics is a combination of telecommunication and informatics used in road transportation, vehicular technologies and road and vehicle safety. Automotive telematics uses integrated systems comprising of electronic devices such as sensors, wireless communication technologies such as satellite navigation, mobile data and vehicle tracking and computer science. The sensors such as gyroscope, accelerometer, odometer etc. calculate parameters such as distance, speed, direction and detect surrounding objects. This information collected by sensors is send to the control unit over a wireless communication network such as radio, cellular or satellite. The control unit uses pre-programmed algorithms to process and analyze such information and take decisions pertaining to vehicle motoring. Such integrated systems provide functionalities such as transport feasibility check, automatic vehicle motoring and road safety.

Thus, automotive telematics has led to the inventions such as driving assistance systems, automatic driving systems, vehicular emergency warning systems, wireless safety communications and global positioning system (GPS) navigation. This system based on telecommunications and informatics is encapsulated into the Wireless Access for Vehicular Environment (WAVE) and is used in Intelligent Transportation Systems (ITS).

One of the major factors driving the Automotive Telematics Market is increasing occurrences of road accidents and vehicular mishaps. With the increasing number of vehicles and transportation requirements, the need for safety measures has grown immensely. The need to minimize vehicular damages and human casualties caused during transportation provides a major boost to the automotive telematics market, globally. Another factor leading to the growth of automotive telematics market is the need for efficient mass vehicular transportation. Increasing number of vehicles on roads has led to issues such as traffic congestions and disoriented transits. Automotive telematics systems provide a solution over such problems through its intuitive motoring guidance capabilities which help in redirecting traffic and automatic vehicle motoring. Government policies and regulations towards road safety also play an important role in incorporating automotive telematics systems into commercial and personal vehicles.

However, automotive telematics market faces few hurdles such as error rates and communication breakdowns. Since the control unit takes major motoring decisions based on information gathered by sensors, even an iota of error could lead to catastrophic events. Moreover, due to its heavy reliance on communication networks, automotive telematics systems could be rendered useless in case of communication breakdown.

Automotive telematics systems have found immense applications in fleet telematics systems for navigating several vehicles and coordinating mass transportation. The mobile vehicle system in individual vehicles is in communication with a stationary communication system. Additional features such as visualization of vehicular position on digital maps and use of simple input devices provide ease of use and efficiency to the automotive telematics systems. Other applications of this system such as vehicle and trailer tracking and car clubs and automobile insurance have provided promising prospects to the automotive telematics market. Existing companies as well as new entrants in the market are seeking to gain advantages by developing diverse telematics systems using advanced technologies.

Some of the key players in the automotive telematics market are Autotrac, ID Systems Inc., Teletrac Inc., Fleetmatics IrL Limited, Trimble Navigations and Omnitracs LLC, DigiCore, Masternaut Limited, MiX Telematics, TomTom Telematics and Telogis.

Automotive Tire Market

According to a new market report published by Transparency Market Research “Automotive Tire Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021,” the automotive tire market was valued at USD 188.37 billion in 2014, which is expected to reach USD 298.15 billion by 2021, growing at a CAGR of 6.8% from 2015 to 2021.

The global tire market is a fairly mature sector and will considerably grow during the forecast period that is primarily driven by growth in passenger and commercial vehicles, increasing level of tire radicalization and global demand for green tires. Technologically modified green tires are expected to witness high growth in the next few years compared to old and outdated technology due to their advanced features such as durability and better grip. Moreover, with the improving condition of global economic growth is also driving the automotive market.Globally, light commercial vehicle (LCV) segment is estimated to be the second most attractive segment after two wheelers in the automotive tire market.

Passenger vehicles hold the largest market share as the key application segment in the global automotive tire market in 2014. The passenger vehicles segment is expected to witness robust growth in the next five years due to high demand of passenger vehicles in some major regions such as Europe and Asia Pacific. In developed nations, such the U.S.,France and Germany passenger vehicles are most commonly used and due to high per capita income,and change in consumer lifestyle, the demand of this segment is growing significantly.

Geographically, Asia Pacific is the largest segment in automotive tire market. Increasing demand of vehicles in countries such as China, Japan, India and Australia among others is supporting the growth of Asia Pacific region. With the increasing demand for passenger vehicles and two wheelers, the region is experiencing significant growth

Key players in the automotive tire market are Bridgestone, Continental AG, Goodyear, Michelin and. among others. The market has been segmented as follows:

Automotive Tire Market, by Types

• Radial tires
• Bias tires

Automotive Tire Market, by Application

• Passenger vehicles
• Light commercial vehicles
• Heavy commercial vehicles
• Two wheelers

Automotive Tire Market, by Geography:

• North America
• Europe
• Asia Pacific
• Rest of the World

Automotive Crankshaft Market

According to a new market report published by Transparency Market Research “Automotive Crankshaft Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,” the automotive crankshaft market was valued at USD 2,520.0 Million in 2014, which is expected to reach USD 2,920.0 Million by 2021, growing at a CAGR of 2.1% from 2015 to 2021.

Exponential growth of the automobile sector in the recent years has positively supported the growth of the automotive crankshaft market globally. Growth of automotive sector in the emerging markets and increasing demand of high end performance cars are driving the market of automotive crankshaft.

By types, passenger vehicle segment held the largest market share in the automotive crankshaft market in the year 2014 because of the emerging middle class and their preference shifting towards passenger vehicles. The affordability of passenger vehicles due to the rise in disposable income of the people, is a major reason driving the growth of the passenger vehicle segment.

Among the two crankshaft types, flat plane crankshaft held the largest market share in 2014. Increasing demand for machined crankshaft as they are used n high end sports cars is fueling the demand for automotive crankshaft across the world. In addition, increasing demand for heavy commercial vehicle and diesel cars in various countries is the major factor driving the growth of forged steel crankshaft.

In 2014, Europe held the largest market share in the automotive crankshaft market. Asia Pacific is expected to witness highest growth because of the increasing production of vehicles and high purchasing power of the consumers. North America and Europe is expected to witness stable growth during the forecast period.

Bhatat Forge Ltd (India), Amtek Auto Ltd. (India), ThyssenKrupp Crankshaft Company LLC (U.S.A) and NSI Crankshaft (U.S.A) among others are some of the key players in the automotive crankshaft market. The market has been segmented as follows:

Automotive Crankshaft Market: By Geography

North America

• U.S.A
• Canada
• Mexico

Europe

• Germany
• U.K
• Italy
• France
• Rest Of Europe

Asia Pacific

• China
• India
• Japan
• South Korea
• Rest Of Asia Pacific

Rest of the World

• South America
• Middle East
• Africa

The report provides a cross-sectional analysis of all the below mentioned segments with respect to the above mentioned regions.

Automotive Crankshaft Market: By Vehicle Type

• Heavy Commercial Vehicle (HCV)
• Light Commercial Vehicle (LCV)
• Passenger Vehicle
• Sports Utility Vehicle (SUV)
• Multi Utility Vehicle (MUV)
• Others

Automotive Crankshaft Market: By Crankshaft type

• Cross plane
• Flat plane

Automotive Crankshaft Market: By Crankshaft material

• Cast iron
• Forged Steel
• Others

Automotive Steering Systems Market

According to a new market report published by Transparency Market Research “AutomotiveSteering Systems Market - Global Industry Analysis, Size, Share,Growth, Trends and Forecast 2015 - 2021,” the automotive steering systems market was valued at USD 24.55 Billion in 2014, which is expected to reach USD 39.13 Billion by 2021, growing at a CAGR of 6.2% from 2015 to 2021.

Exponential growth of the automobile sector in the recent years has positively supported the growth of the automotive steering systems market globally. Moreover, the added fuel efficiency derived from using Electronic Power Steering and Electro-Hydraulic Power Steering systems in vehicles have mainly aided to the growth of advanced steering systems globally. The growth of automotive sector in the emerging markets is also driving the market of automotive steering systems.

By types, passenger vehicle segment held the largest market share in the automotive steering systems market in the year 2014 because of the high demand of passenger vehicle globally. With rise in the vehicle financing market, more consumers are able to afford passenger vehicles primarily in India, China and Brazil. The affordability of passenger vehicles due to the above mentioned factors are driving the growth of the passenger vehicle segment.

Among the three steering systems types, Electronic Power Steering Systems (EPS) held the largest market share in 2014 and accounted for 37.4% market share globally. Electronic Power Steering system accounted for the largest market share because they tend to deliver more mileage than hydraulic power steering system fitted vehicles and better maneuverability. Electro-Hydraulic Steering Systems combine the advantages of Electronic Power Steering and Hydraulic Power Steering such as better road feedback than Electronic Power Steering and better fuel efficiency than Hydraulic Power Steering. The above mentioned reason is fueling the demand for automotive steering systems across the world.

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In 2014, Europe held the largest market share in the automotive steering systems market. Asia Pacific is expected to witness highest growth because of the increasing production of vehicles and high purchasing power of the consumers. North America and Europe is expected to witness stable growth during the forecast period of 2015 – 2021.

TRW Automotive Holdings (U.S.), JTEKT Corporation (Japan), Robert Bosch Automotive Steering GmbH (Germany) and Nexteer Automotive (U.S.), among others are some of the key players in the automotive steering systems market.

The market has been segmented as follows:

Global Automotive Steering Systems Market: By Vehicle Type

• Heavy Commercial Vehicle (HCV)
• Light Commercial Vehicle (LCV)
• Passenger Vehicle

Global Automotive Steering Systems Market: By Steering Systems type

• Electronic Power Steering (EPS)
• Electro-Hydraulic Power Steering (EHPS)
• Hydraulic Power Steering (HPS)

The report provides cross-sectional analysis of all the above mentioned segments with respect to the below mentioned regions:

Global Automotive Steering Systems Market: By Geography/ Country

North America

• U.S.A
• Canada
• Mexico

Europe

• Germany
• U.K
• Italy
• France
• Rest Of Europe

Asia Pacific

• China
• India
• Japan
• South Korea
• Rest Of Asia Pacific

Rest of the World

• South America
• Middle East
• Africa

Automotive Catalytic Converter Market

According to a new market report published by Transparency Market Research “Automotive Catalytic Converter Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2021,” Global Automotive Catalytic Converter Market was valued at US$105.59 bn in 2014, growing at a CAGR of 7.3% from 2015 to 2021 to account for US$172.8 bn in 2021.

Automotive catalytic converters are considered as one of the vital automotive components in automobiles. The purpose of automotive catalytic converters is to reduce the emission in vehicles by removing harmful substances in the exhaust systems. Pollution created by automobiles has become a global concern and government of all major countries have laid down stringent emission guidelines in order to curb the emission caused by automobiles. With increasing number of automobiles on road, further reduction of emission is necessary to have a better air quality.

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Automotive catalytic converters at present are generally made up of materials such as platinum, palladium and rhodium, which are termed as catalysts. An automotive catalyst is a cylinder of elliptical or circular cross section generally made from ceramic or other precious metals, which are formed into a honeycomb and covered with a chemical solution. The catalyst is installed in a stainless steel canister, which is known as an automotive catalytic converter. Catalytic converters are equipped in the exhaust line between the engine and the silencer or muffler of vehicles. The catalysts in the catalytic converters are the major components that help reduce emissions in vehicles by removing carbon monoxide, nitrogen oxide, hydrocarbons and other harmful substrates form exhaust system of automobiles. Increasing stringent emission norms set up by the government of various countries is the primary reason driving the growth of the global automotive catalytic converter market. In addition, increasing production and usage of passenger vehicles are set to bolster the growth of the global automotive catalytic converter market during the forecast period from 2015 to 2021.

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The automotive catalytic converter market, by type, is divided into three segments: two-way catalytic converter, three-way oxidation-reduction catalytic converter and diesel oxidation catalyst. By revenue, three-way oxidation-reduction catalytic converter was the largest contributor in global automotive catalytic converter market in 2014, accounting for a market share of around 45%.

The automotive catalytic converter market, by material, is divided into three segments: platinum, palladium and rhodium. By revenue, rhodium was the largest contributor in automotive catalytic converter market in 2014, accounting for a market share of around 40%.Some of the leading players mentioned in the report are Magneti Marelli S.P.A., Faurecia SA, Tenneco Inc., Benteler International AG, Eberspaecher GmbH Holding & Co. KG, BASF Catalysts LLC, Calsonic Kansei Corporation and Clean Diesel Technologies, Inc. The report provides company market share analysis of the various industry participants. Key players have also been profiled on the basis of company overview, financial overview, business strategies and recent developments in the field of Automotive Catalytic Converter.

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Global Automotive Catalytic Converter Market: By Type

• Two-way oxidation catalytic converter
• Three-way oxidation-reduction catalytic converter
• Diesel oxidation catalyst

Global Automotive Catalytic Converter Market: By Material

• Platinum
• Palladium
• Rhodium

Global Automotive Catalytic Converter Market: By Geography

North America

• US
• Canada
• Mexico

Europe

• UK
• Italy
• Spain
• France
• Germany
• Rest of Europe

Asia Pacific

• APEJ
• China
• India
• Oceania (Australia and New Zealand)
• Rest of APEJ
• Japan

Middle East and Africa (MEA)

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of MEA

Latin America

• Brazil
• Argentina
• Others

The report provides a cross-sectional analysis of by type and of by material segment with respect to the above mentioned regions.