Allied Market Research published a report, titled, “Automotive Motors Market by Type (DC Brushed Motors, Brushless DC Motors, Stepper Motors, and Traction Motors), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, BEV, PHEV, and HEV), and Application (Performance, Comfort & Convenience, and Safety & Security): Global Opportunity Analysis and Industry Forecast, 2019-2026.” According to the report, the global automotive motors industry was pegged at $31.01 billion in 2018, and is estimated to reach $49.20 billion by 2026, growing at a CAGR of 5.9% from 2019 to 2026.

Drivers, restraints and opportunities

Increase in demand for safety & convenience features, surge in demand of electric vehicles, and strict safety regulations set by government drive the growth of the global automotive motors industry. On the other hand, diminution in global vehicle production and rising trend of shared mobility impede the growth to some extent. However, wide number of applications employing the use of electric motors and concept of autonomous cars are expected to create a number of opportunities in the industry.

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The DC brushed motors segment to lead the trail by 2026

Based on type, the DC brushed motors segment accounted for nearly three-fifths of the global automotive motors market revenue in 2018, and is expected to dominate by the end of 2026. Factors such as simple & inexpensive controller, low overall construction costs, ability to be rebuilt for extended life are propelling the growth of the segment. The traction motors segment, on the other hand, would cite the fastest CAGR of 10.9% throughout the estimated period. The fact that traction motor in electric vehicle fulfills various vital performance requirements such as maximum torque, power density coupled with higher efficiency, minimum volume and weight has driven the growth of the segment.

Automotive Motors Market to Reach $49.20 Bn, Globally, by 2026 at 5.9% CAGR: Allied Market Research

The passenger cars segment held the largest share in 2018

Based on vehicle type, the passenger cars segment garnered the major share in 2018, holding more than two-thirds of the global automotive motors market. Increase in disposable income in countries such as India and China is expected to swell up the demand for passenger vehicles which, in turn, heaves the requirement of automotive motors used in passenger cars. At the same time, the PHEV segment would register the fastest CAGR of 12.4% during the study period. The fact that PHEV has the ability to use its extra capacity by running on all-electric mode for an extended range of a minimum of 30 miles which contributes to reduced air pollution has driven the growth of the segment.

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Asia-Pacific, followed by Europe and North America, to rule the roost

Based on geography, the Asia Pacific region contributed to more than half of the global automotive motors market revenue in 2018, and is anticipated to retain its top status by 2026. The Asia-Pacific automotive motor industry is dominated by government policies that instigate sustainable manufacturing, and investments in the sector. Moreover, increased passenger car and vehicle registration in Asia-Pacific makes it the leading region. Simultaneously, the region across LAMEA is projected to grow at the fastest CAGR of 8.0% throughout the forecast period. Factors such as growth in IoT and rise in the demand for advanced technologies in motor vehicles drive the growth of the LAMEA automotive motors market.

Leading market players-

• Continental AG
• BorgWarner Inc.
• VALEO
• DENSO CORPORATION
• Johnson Electric Holdings Limited
• Mitsuba Corporation
• Robert Bosch GmbH
• MABUCHI MOTOR CO., LTD.
• Nidec Corporation,
• Siemens AG

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 Allied Market Research recently published a report, titled, “Air Suspension Market by Vehicle Type (Light Duty Vehicle, Trucks, and Bus), Component (Air Spring, Tank, Solenoid Valve, Shock Absorber, Air Compressor, Electronic Control Unit (ECU), Height & Pressure Sensor, and Others), Technology Type (Electronic Controlled and Non-Electronic Controlled), and Sales Channel (Original Equipment Manufacturers (OEMs) and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2018–2026″. According to the report, the global air suspension industry was pegged at $5.56 billion in 2018 and is expected to reach $9.22 billion by 2026, registering a CAGR of 6.5% from 2019 to 2026.

Determinants of growth–

Surge in global commercial vehicle sales and rise in demand for premium and luxury vehicles have boosted the growth of the global air suspension market. However, high development and adoption cost of air suspension hampers the market. On the contrary, rise in demand for the lightweight air suspension system and increase in rising aftermarket demand for air suspension and related components are expected to create lucrative opportunities in the near future.

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The non-electronic segment dominated the market–

Based on technology, the non-electronic segment held the largest share in 2018, contributing more than four-fifths of the global air suspension market, owing to the presence of vehicles with non-electronic suspension system and better efficiency in present. However, the electronic segment is anticipated to portray the fastest CAGR of 7.5% during the forecast period, due to the introduction of electric vehicles across the globe and demand for lightweight suspension systems in vehicles.

The truck segment to manifest fastest CAGR by 2026–

The truck segment dominated the market in 2018, accounting for more than one-third of the global air suspension market. The segment would dominate the market throughout the study period. Moreover, the segment is expected to register the fastest growing CAGR of 6.8% during 2019-2026. This is due to the increase in demand for an efficient transportation system.

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Asia-Pacific dominated the market in 2018, followed by North America–

The global air suspension market across Asia-Pacific held the largest share in 2018, contributing more than one-third of the market, owing to the rise in sale & production of vehicles and adoption of advanced technology along with the constant development. Furthermore, the region is expected to manifest the fastest CAGR of 6.9% throughout the forecast period. On the other hand, North America held the second-largest share in 2018, accounting for nearly one-third of the total market share.

Major market players

• Mando Corporation
• Continental
• Wabco
• Firestone Industrial Products
• Hendrickson
• Accuair Suspension
• Hitachi
• BWI Group
• SAF-Holland
• ThyssenKrupp AG

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 The global rolling stock power conversion system market is analyzed across several regions such as North America, Asia-Pacific, Europe, and LAMEA. The market across Europe held the lion’s share in 2018, contributing to around one-third of the market. However, the market across Asia-Pacific is anticipated to portray the highest CAGR of 4.0% during the study period.

Increase in budget allocation for the development of railways and surge in trend toward using railways as a public transport means have boosted the growth of the global rolling stock power conversion system market.

Rise in budget allocation for the development of railways and increase in trend toward using railways as a public transport means have boosted the growth of the global rolling stock power conversion system market. However, high capital requirement to replace the existing system and refurbishment of existing rolling stock hamper the market. On the contrary, improvement in railway infrastructure in developing countries is expected to create lucrative opportunities for the market players in the coming years.

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The global rolling stock power conversion system market is segmented on the basis of technology, components, rolling stock type, and geography. Based on technology, the market is divided into insulated gate bipolar transistor (IGBT), gate turn-off thyristor (GTO), and silicon carbide (SiC). The GTO segment dominated in 2018, accounting for around half of the market. However, the SiC segment is projected to manifest the highest CAGR of 4.6% during the forecast period.

On the basis of component, the market is categorized into rectifier, inverter, alternator, auxiliary power unit (APU), and traction motor. The traction motor segment held the largest share in 2018, contributing to more than one-fourth of the market. However, the inverter segment is estimated to portray the highest CAGR of 4.3% during the forecast period.

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Based on rolling stock type, the market is divided into locomotives, metros, monorails, trams, freight wagons, passenger coaches, and others. The freight wagons segment dominated in 2018, accounting for nearly half of the market. However, the locomotives segment is projected to register the highest CAGR of 5.5% during the forecast period.

The global rolling stock power conversion system market report includes an in-depth analysis of the major market players such as Alstom SA, AEG Power Solutions, CRRC Corporation Ltd., Bombardier Inc., Siemens AG, Hitachi Ltd., Toshiba Corporation, Strukton, Wabtec Corporation, and Turbo Power Systems.

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According to the report published by Allied Market Research, the global automotive advanced high strength steel (AHSS) market generated $12.80 billion in 2018, and is estimated to reach $33.85 billion by 2026, growing at a CAGR of 13.1% from 2019 to 2026. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenario.

Increasing demand for lightweight automotive components and rise in vehicle production across the globe drive the growth of the global automotive advanced high strength steel (AHSS) market. However, availability of alternative products in the market may hinder the market growth. On the other hand, rise in need to control CO2 emissions create new opportunities in the coming years.

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Covid-19 Scenario of Automotive AHSS Market:

• The lockdown due to coronavirus has restricted the production and impacted manufacturers considerably in terms of revenue generation.
• Research and development activities for vehicles technology will be limited, as researchers need to stay at home during the lockdown.
• There will be a drop in production volumes for passenger and commercial vehicles inward connected vehicles due to loss of employments and homecoming of workers.

The report offers a detailed segmentation of the global automotive advanced high strength steel (AHSS) market based on product, application, vehicle type, and region.

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Based on product, the dual phase segment contributed to the largest share in 2018, accounting for nearly half of the total share, and is estimated to maintain its dominant position during the forecast period. In addition, the segment is anticipated to portray the highest CAGR of 13.8% throughout the forecast period. Moreover, the report also analyzes the complex phase segment, and will register the second-highest CAGR of 13.4% throughout the forecast period.

Based on application, the structural assembly and closures segment accounted for the largest share in 2018, holding more than one-third of the total share, and is expected to maintain the largest share throughout the forecast period. However, the bumpers segment is estimated to portray the highest CAGR of 14.4% during the forecast period.

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Based on region, North America contributed the highest share, accounting for nearly two-fifths of the total market share in 2018, and will maintain its dominance throughout the forecast period. However, Asia-Pacific is expected to grow at the highest CAGR of 14.9% from 2019 to 2026.

Leading market players analyzed in the automotive AHSS market research include AK Steel Corporation, ArcelorMittal, Kobe Steel, Ltd., SSAB AB, United States Steel Corporation, thyssenkrupp AG, Baoshan Iron & Steel Company Limited, Nucor Corporation, Tata Steel Limited, and POSCO.

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 Allied Market Research published a report, titled, “Vehicle Ignition Coil Market by Type (Coil-On-Plugs, Distributor-Based Ignition Coils, Distributor-Less, Others), Vehicle Type (Passenger Car, Light Commercial Vehicle, and Heavy Commercial Vehicle), and Distribution channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2019-2026.” According to the report, the global vehicle ignition coil industry garnered $5.59 billion in 2018, and is estimated to reach $7.55 billion by 2026, growing at a CAGR of 3.9% from 2019 to 2026.

Drivers, restraints, and opportunities-

Rise in vehicle production, increase in sales of luxurious vehicles in developing countries, and surge in disposable income fuel the growth of the global vehicle ignition coil market. On the other hand, increase in trend of shared mobility, and rise in demand for electric vehicles curtail down the growth to some extent. However, untapped developing markets in Africa and Asia are expected to create multiple opportunities in the near future.

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Based on type, the coil-on plugs segment accounted for more than two-fifths of the global vehicle ignition coil market share in 2018, and is expected to retain its dominance by the end of 2026. The same segment is also projected to cite the fastest CAGR of 4.5% from 2019 to 2026. Increased efficiency in the operation and reduction of single cylinder with the capability of generating higher voltages along with hotter spark help to improve the performance of the engine, the accuracy of spark timing, and increase the adoption of new models by major companies, which aids the segment to grow.

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The passenger car segment held the largest share in 2018-

Based on vehicle type, the passenger car segment contributed to more than two-thirds of the global vehicle ignition coil market revenue in 2018, and is projected to dominate till 2026. The same segment would also manifest the fastest CAGR of 4.1% throughout the forecast period. Rise in disposable income in countries such as India and China propel the growth of the segment. In addition, higher adoption of strategies and increase in sales across the globe fuels the growth of the segment.

Asia-Pacific to dominate the market, North America to grow at a moderate pace-

Based on geography, the region across Asia-Pacific held the major share in 2018, garnering more than half of the global vehicle ignition coil market. The same province is also anticipated to register the fastest CAGR of 4.4% during the estimated period. This is due to increase in disposable income in the Asian countries. Furthermore, development in newer vehicles, increase in automobile sales and rapid industrialization in this region fuel the growth in this region. On the other hand, North America is expected to manifest the CAGR of 3.0% throughout the study period.

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 The robo taxis market has witnessed an augmented growth. As a report by Allied Market Research reveals that the global robo taxi market is anticipated to reach $38.61 billion, supported with a CAGR of 67.8%, by 2030. The growing demand for fuel-efficient and emission-free vehicles and an increase in the need for better road safety and traffic control are the two major factors propelling growth. Moreover, the rise in government regulations and an increase in the trend of smart cities are expected to hail the market with several opportunities, in the future.  

The race to advance technology has reached its peak. In recent years, the world has witnessed a revolution in the taxi industry with the emergence of ride-booking applications. Following the trend, various existing firms have updated their benefactions by presenting new taxi booking applications. However, this wasn’t a satisfactory winning for them.

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The advent of artificial intelligence has offered taxi companies to bring on new and innovative ideas. One such an innovative idea has turned to be robo taxies, the next step of innovation for public transport. The transportation world is deliberately moving towards autonomous vehicles for public transport. Moreover, this highly automated technology is expected to revolutionize the world in various advantageous ways. Let’s explore some of the advantages of having robo taxies as public transportation.

Reduced rates of accidents:

Road traffic injuries due to human errors have already become a key cause of death. In addition, public transport including taxies can greatly contribute to decrease the rate of accidents. However, with semi-automation in vehicles, the number has been decreased, as the sensors and advanced systems alert the driver during danger. In addition, robo taxis can also be a much better solution to reduce the rate of road accidents.

Reduce traffic congestion:

The highly automated technology can be helpful to reduce traffic congestion, as autonomous cars are equipped with connected car technology. With this technology, the cars can communicate with each other, based on which it can improve their routes for an individual vehicle. This information can help to distribute a proper traffic flow. This could help robo taxies to offer a more convenient ride and reduce the time consumption as well.

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Lower Co2 emission:

No denial, transportation has augmented global warming. Regardless of the environmental consequences, vehicles are arrayed regularly owing to consumer demands and needs. On the other hand, traffic congestion, speeding up, and re-accelerating results in nothing but increased pollution. However, the robo taxies can contribute to reducing the pollution emitted by other vehicles. These autonomous vehicles are programmed to maintain consistent driving speed and keep a measured distance between vehicles. This can reduce excess braking and re-acceleration. Moreover, the electronic models of robo taxies with the electronic or hybrid engine can reduce the use of fuel.

Easier parking:

Robo taxies would be able to park themselves without much space, as it does not require to open the doors. This can enhance the parking system along with reducing the parking space. This would lead to parking the taxies next to each other. A much better and systematic arrangement to park taxies.

Effective and affordable taxies:

As mentioned earlier the autonomous taxies would contribute to lessening the traffic congestion. Which would make the cab to come down faster. The riding cost would also decrease as robo taxies don’t require much fuel and time.

The benefits offered by robo taxis, have attracted the fancy of various manufacturers as well as transport providers. Various automobile companies have come out with innovative launches to enhance the convenience of public transportation. On the other hand, several taxi service providers are taking initiative to involve robo taxis for enhanced services. Innumerable activities are hitting the market with innovative launches.

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Recently, in order to smoothen the facility by public transportation an automobile company along with automotive publication has initiated to offer robo taxies. Fiat Chrysler Automobiles, a multinational automobile manufacturer in association with AutoX, a Chinese startup, has announced to deploy robo taxis in China. Moreover, the companies are aiming to launch the robo taxi services in cities, including Shenzhen and Shanghai, in the first two quarters. On the other hand, Tata Elxsi, a leading mobility solution provider along with AEye, the software provider has unveiled an integrated robo taxi. The robo taxi has been equipped with AEye based iDAR platform. Supported by dynamic ROI and cueing of sensors, the iDAR expands the range of object detection, classification, and tracking offering improved safety in the robo taxies. Moreover, the companies aim to accelerate the deployment of autonomous features in autonomous vehicles including robo taxies with the help of iDAR.

Autonomous vehicles have proved worth in various other sectors. Involving them for public transportation may also come out as a deal of profit for us as well as nature. Moreover, the initiatives taken by the automobile manufacturing companies as well as taxi service providers to bring robo taxies as a way of public transportation has propel the market to expand further.

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 The market is expanding rapidly. According to a report by Allied Market Research, the global solar vehicle market is expected to garner $329.5 million, with a CAGR of 43.3% by 2030. The augmented acceptance of the latest technology for vehicles has increased the demand for solar vehicles which leads to boost the growth of the market. On the other hand, the up surged trend of self-charging vehicles has propelled the growth of the solar vehicle market. Also, the increased income group amon

Solar Vehicle Market to Reach $4.08 Bn, Globally, by 2030 at 43.3% CAGR

New inventions and technological advancements have always wowed the world. Utilizing the suns eternal and most sustainable source of energy for various purpose was one among such. However, nobody knew that solar energy can also be used to run a vehicle. Though solar vehicles are still in its infancy, however, it can become a potential alternative for green-minded consumers.

Solar vehicles are an electric vehicle that uses solar energy. The vehicle is based on photovoltaic cells made up of silicon that convert the sunlight into energy and further recharges the battery. The solar vehicle can also preserve some energy to function smoothly during the night or in the absence of sunlight. Moreover, other than being a reliable nature-friendly option, these sun-powered vehicles offer a number of advantages over the fuel-based vehicles. So, lets dive into some of these advantages.

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Preserves natural resources:

Apart from the resources required to manufacture the vehicle, panels, and other types of machinery, solar vehicles do not require any additional energy contribution. The reliance on solar vehicles on petroleum products is limited for lubrication purposes for wheels. Other than this the sun-powered vehicle doesnt require fuel, or oil, as the motor and other types of machinery in the solar vehicle are maintenance-free, as compared to the fuel-based vehicles.

Emission-free:

Electric-based solar vehicles dont require any fuel, which causes no emissions. This is one of the most essential aspects of solar vehicles, as it makes the vehicle more attractive and environmentally friendly. The solar vehicle can help the motorists to have an emission-free vehicle, which reduces air pollution and greenhouse gases.

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Low fuel costs:

The lack of dependence on the solar vehicle on fuel sources makes it free from the associated costs. On the other hand, unlike other conventional vehicles, solar vehicles have a low maintenance cost, which again reduces the costs.

Driving comfort:

The solar-based electric vehicles are composed of aluminum and other lightweight material, which makes it run faster and smoothly as compared to conventional vehicles. On the other hand, the electric motors used in solar vehicles are usually smaller than the corresponding gas engines. These engines, therefore, generate no noise and less vibration.

Owing to clean energy, fewer uses of resources, and other advantages, solar vehicles are gaining traction as a possible mainstream solution for consumers who need ecologically friendly personal transportation. Several companies have tried to launch solar vehicles, whereas, various companies and researchers are still trying to develop a more reliable and affordable solar vehicle. Moreover, innovative ideas, researches, and launches are leading the market to expand further.

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Leading market players are working on innovative ideas:

Where on one hand, the key players are hitting the market with new launches, on the other hand, they are working hard to develop a convenient and consistent solar vehicle. Earlier, a leading automotive company, Hyundai has launched its firstsolar vehiclewith the solar roof charging system. On the other hand, Toyota, a multinational automobile manufacturer as well is working to develop asolar power electric car. Furthermore, the company has teamed up with Japanese multinational corporations for electronic product manufacturing, Sharp, and New Energy and Industrial Technology Development Organization of Japan (NEDO). Moreover, the companies are hoping to innovate a vehicle that could run forever, without needing charging.

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The solar vehicle can make nature healthier:

The innovation of the idea for solar vehicles was one of the many great concepts. Though the development is still in its initial years, yet there is significant room for further developments. A solar vehicle is associated with too many benefits, and the reduction of dangerous carbon dioxide and other chemical emissions is amongst one. However, the best additional advantage of having a solar vehicle is its ability to constantly recharge, without any requirement of charging station. This makes the driver independent.

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Solar power is bringing a way of eco-friendly transportation. No denial that conventional vehicles have been of much use and convenience, however, they have also caused a number of health and environmental problems. Solar vehicles, on the other hand, promises to fight against all environmental-related issues.

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According to the report published by Allied Market Research, the global autonomous bus door system market generated $3.9 million in 2019, and is estimated to reach $77.0 million by 2027, registering a CAGR of 43.8% from 2020 to 2027. The report offers an extensive analysis of changing market scenario, key segments, top impacting factors, and key market players positioning.

Improved safety coupled with the reduction in traffic congestion, availability of connected infrastructure, and increase in demand for fuel-efficient, high-performance, and low-emission vehicles drive the growth of the global autonomous bus door system market. However, high manufacturing cost may hinder the market growth. On the other hand, development of smart cities and supportive government regulations create new opportunities in the coming years.

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COVID-19 Scenario:

• The rate of unemployment has been increased in this industry due to difficulties faced by small companies in terms of funding.
• The manufacturing, supply, and maintenance activities of autonomous bus door have been stopped due to lockdown.
• Moreover, local travelling and tourism has been restricted across the globe during lockdown.

The report offers a detailed segmentation of the global autonomous bus door system market based on bus type, door type, mechanism, level of automation, propulsion type, component, and region.

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Based on bus type, the shuttle bus segment contributed to the largest share in 2019, accounting for more than three-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the intercity bus segment is estimated to portray the highest CAGR of 59.2% during the forecast period.

Based on door type, the sliding plug doors segment accounted for the largest share in 2019, holding nearly three-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the coach doors segment is estimated to portray the highest CAGR of 47.7% during the forecast period.

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Based on region, North America contributed the highest share, accounting for more than two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, Asia-Pacific is expected to grow at the highest CAGR of 48.9% from 2020 to 2027.

Leading market players analyzed in the research include AV Volvo, Continental AG, Volkswagen AG, Tesla, Scania AB, Daimler AG, Proterra, Hyundai Motor Company, Hino Motors, Ltd., and Navya.

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 Allied Market Research published a report, titled, "Automotive Acoustic Engineering Services Market by Offering (Physical Acoustic Testing and Virtual Acoustic Testing), Software (Vibration, Simulation, Signal Analysis and Calibration), Application (Interior, Body & Structure, Powertrain and Drivetrain), and Vehicle Type (Passenger Vehicle, Commercial Vehicle, and Electric Vehicle): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global automotive acoustic engineering services industry was estimated at $2.61 billion in 2019, and is anticipated to hit $4.80 billion by 2027, registering a CAGR of 7.8% from 2020 to 2027.

Drivers, restraints, and opportunities-

Government regulations pertaining to vehicle noise and increase in customer preference for enhanced cabin comfort and luxury features drive the growth of the global automotive acoustic engineering services market. On the other hand, high initial investment and augmented usage of rental and used acoustic testing equipment impede the growth to some extent. However, rise in the trend of engine downsizing is expected to create multiple opportunities in the industry.

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COVID-19 scenario-

Automotive acoustic engineering services include designing and testing of the sound originating from the engine. And, with the global lockdown in effect, logistics slowdown has naturally become a common threat for the industry. Likewise, production facilities of the required electronic parts have also come to a halt.
However, with several government bodies coming up with relaxations on the existing regulations, it's projected that there won't be any more shortage in the essential workforce and the market would also be able to retrieve its position in terms of revenue.
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The virtual acoustic testing segment to dominate by 2027-

Based on offering, the virtual acoustic testing segment contributed to nearly three-fourths of the global automotive acoustic engineering services market share in 2019, and is expected to rule the roost by the end of 2027. The same segment would also portray the fastest CAGR of 8.2% from 2020 to 2027. This is attributed to the fact that virtual acoustic testing helps in real-time monitoring of vehicle condition.

The stimulation segment to maintain the dominant share-

Based on software, the simulation segment accounted for more than two-fifths of the global automotive acoustic engineering services market revenue in 2019, and is anticipated to lead the trail till 2027, owing to the fact that simulation helps to replicate the external factors of the vehicle through which generated noise can be determined. The vibration segment, on the other hand, would manifest the fastest CAGR of 8.2% throughout the forecast period. This is because this software helps in determining the vibrations of different components as well as aids in reduction of vibrations to a larger extent.

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Asia-Pacific, followed by Europe and North America, garnered the major share in 2019-

Based on geography, Asia-Pacific, followed by Europe and North America, held the major share in 2019, generating more than one-fourth of the global automotive acoustic engineering services market. This is due to increased production and sales of vehicles across the region. At the same time, Europe would grow at the fastest CAGR of 8.7% during the study period. The fact that Europe happens to adopt huge vehicular technologies as compared to any other province has driven the market growth.

Key players in the industry-

* Autoneum
* Siemens Industry Software Inc.
* Bertrandt AG
* STS Group AG
* Brüel & Kjær
* EDAG Engineering GmbH
* FEV Group GmbH
* HEAD acoustics GmbH
* Schaeffler Engineering GmbH
* AVL
 
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 According to a new report published by Allied Market Research, titled, “automotive paint Market by Product Type (Carbon Steel, Diamond Edged, Multi Hole Saws, Specialty Hole Saws, and Others), by End-user Industry (Commercial and Domestic), and by Application (Wet Drilling and Dry Drilling) – Global Opportunity Analysis and Industry Forecast, 2020-2027.” The report has offered an all-inclusive analysis of the global automotive paint Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.

Automotive paint market is segmented on the basis of vehicle type, coat type, texture type, technology, and geography. The vehicle type segment comprises of light commercial vehicles, heavy commercial vehicles, and passenger cars. On the basis of coat types, the market is further classified as a base coat, clear coat, primer coat, and electro-coat. The texture type segment is categorized into metallic texture and solid texture. On the basis of technology, the market is classified into powder coatings, waterborne coatings, and solvent-borne coatings. Geographically, the market is segmented into regions such as North America, Europe, Asia-Pacific (APAC) and LAMEA.

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Globally, the automotive sector has undergone substantial growth in recent years. Automotive paint is used on automobiles as a protective measure against corrosion, acid rains, UV rays, and oxidization. Pigments, binders, and thinners are the basic ingredients used to make automotive paint. Automotive paints have low volatile organic compounds (VOCs). Automotive paints are garnering high demand in the automotive sector owing to the less exposure to toxins. Increasing demand of vehicles worldwide has boosted the growth of the automotive paints market. End-users are preferring to buy vehicles, featuring durable automotive paint. Thus, automotive paint is expected to generate a high demand among vehicle manufacturers. High prices of raw materials can limit the growth of the market. Changing government regulations for increasing environmental awareness would provide many significant opportunities for the growth of the automotive paints market.

KEY SEGMENTATION

Global Market by Vehicle Type
o Light commercial vehicles
o Heavy commercial vehicles
o Passenger cars

Market by Coat Type

o Basecoat
o Clear coat
o Primer coat
o Electro coat

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Global Market by Texture Type
o Metallic texture
o Solid texture

Global Market by Technology
o Powder coatings
o Waterborne coatings
o Solvent-borne coatings

Key Players
o Berger Paints
o Kansai Paint Co. Ltd.
o Nippon Paint Co. Ltd.
o BASF SE
o PPG Asian Paints Private Limited
o Axalta Coating Systems LIC
o KCC Corporation
o Clariant AG
o Arkema SA
o Beckers Group

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