Automotive Collision Repair Market to Hit USD 206.46 billion by 2025

The global Automotive Collision Repair Market to reach USD 206.46 billion by 2025, driven by a surge in automobile production, digitalization of automobile repair services and advances in manufacturing technology such as 3D printing of automotive parts to optimize costs. Europe was the largest market accounting for 44.9% of the revenue share in 2016. However, it is expected to lose its share over the forecast period on account of increase in trade barriers created by Brexit.

The increase in demand for vehicles driven by improvement in lifestyle in developing countries such as India and Brazil is expected to drive the growth of the market. Asia Pacific is anticipated to witness the fastest growth over the forecast period at a CAGR of 3.7% on account of increase in production and sale of automobiles and rising living standard. The increase in the number of vehicles on the road in countries such as China and India is expected to drive growth.

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The automobile industry is expected to grow on account of increasing demand for passenger cars. Increasing number of accidents due to the lack of proper infrastructure is projected to drive the demand for spare parts and other special tools. The collision repair market is expected to grow at a CAGR of 2.5% from 2017 to 2025. The requirement of quick turnaround time for replacement of parts is likely to be an opportunity for growth of the market.

Companies are investing extensively in R&D to enhance technology. For instance, in July 2016, BASF announced plans to step up its R&D activities for automotive coatings to a new world-class platform at the BASF Innovation Campus Asia Pacific in Shanghai, China.

In addition to this companies are adopting the strategy of merger & acquisition. In February 2016, 3M Automotive Aftermarket Division collaborated with the German-based Tool Technic Systems AG & Co. KG to provide the collision repair industry a comprehensive surface preparation and finishing system. The new system is expected to launch in US and Canada impacting the growth of the market in North America. 

In September 2016, BASF acquired Guangdong Yinfan Chemistry, China. This acquisition resulted in an addition of Yinfan’s products to BASF’s portfolio and enabled BASF to expand its portfolio in Asia Pacific.

Hexa Research has segmented the global automotive collision repair market on the basis of product, vehicle type, end-use and region:
Segmentation by product, 2014 - 2025 (USD Million)
• Paints & Coatings
• Consumables
    • Abrasives
        • Fine Abrasives
        • Coarse Abrasives
    • Compound
    • Polishes
    • Glazes
    • Paint Spray Equipment
        • Paint cups
        • Others
    • Cleaners and Removers
    • Buffing pads
• Others
Segmentation by type of vehicle, 2014 - 2025 (USD Million)
• Light Duty Vehicle
• Heavy Duty Vehicle
Segmentation by end use, 2014 - 2025 (USD Million)
• OEM Manufactures
• Recycled OEM
• Aftermarkets
• Refurbished Products
Segmentation by region, 2014 - 2025 (USD Million)
• North America
    • US
    • Canada
    • Mexico
• Europe
    • Germany
    • UK
• Asia Pacific
    • China
    • Japan
    • India
• Central and South America
    • Brazil
• Middle East and Africa
    • Saudi Arabia


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Global Gear Reducer Market Share, Size, Analysis, Trends, Growth and Forecasts, 2021| Hexa Research

Gear-reducers, also known as speed reducers, are a component of many mechanical, electrical, and hydraulic motors. Essentially, a gear or series of gears are combined in such a way as to increase the torque of a motor. The torque increases in direct proportion to the reduction of rotations per unit of time.

A gear reducer is a mechanism by which the energy output of a high-speed motor or engine is redirected to turn another mechanical component at a lower rotational speed and at a higher torque. Gear reducers are devices that can take several forms. They are also referred to as gear boxes or gear shifters and are simple transmissions.  Gear reducers also offer mechanical safety by dropping the speed of rotating equipment. In its simplest form, gear lessening takes place in set ratios that are connected to a characteristic value of the input and output gear components.

The automobile presents an ordinary example of gear reduction. Interior combustion engines must operate at elevated speeds to continue with smooth power generation. When the vehicle is stopped, slowing or traveling slowly, the speed of the engine, if straight applied to the wheels, would cause the wheels to spin or the car to gain speed or even reason the loss of steering control. Through the use of a gear reducer, the energy can be used to overcome the inactivity of the stopped vehicle, decrease the momentum of a slowing vehicle or allow heavier loads to be towed but at a lower velocity.

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On the surface, it may seem that gears are being reduced in amount or size, which is moderately true. When a rotary machine such as an engine or electric motor needs the output speed concentrated and torque increased, gears are frequently used to accomplish the desired result. Gear lessening specifically refers to the speed of the rotary machine; the rotational speed of the rotary machine is reduced by separating it by a gear ratio greater than 1:1.

 A gear ratio greater than 1:1 is achieved when a smaller gear (reduced size) with less number of teeth meshes and drives a larger gear with greater number of teeth. Gear reduction has the opposite effect on torque. The rotary machine’s output torque is increased by multiplying the torque by the gear ratio.

On the other hand, in many applications, gear reduction reduces speed and increases torque. In the other applications, gear reduction is used to increase speed and reduce torque. Generators in wind turbines use gear reduction in this manner to exchange a comparatively slow turbine blade speed to a high speed capable of generating electricity. These applications use gearboxes that are assembled contradictory of those in applications that lessen speed and augment torque.

The gear reduction is done by many reducer types. They are capable of attaining gear reduction including, but not limited to, parallel shaft, planetary and right-angle worm gearboxes. In parallel shaft gearboxes (or reducers), a pinion gear with a certain number of teeth meshes and drives a larger gear with a greater number of teeth. The reduction or gear ratio is calculated by dividing the number of teeth on the large gear by the number of teeth on the small gear.

Global Gear Reducer Market is segmented By Types into Single Reduction Gear, Double reduction gear. In Single Reduction gear, the arrangement consists of only one pair of gears. The reduction gear box consists of ports throughout which the propeller shafts and engine shaft enters the assembly. A small gear known as a pinion is driven by the external engine shaft. The pinion straight drives a large gear mounted on the propeller shaft. The speed is adjusted by decreasing the ratio of the speed to the diameter of pinion and gear proportional. In general, a single gear assembly has a gear double the size of pinion.

The Double Reduction Gears are normally used in applications related to high speeds. In this accusation, the pinion is associated with the input shaft using a flexible coupling. The pinion is connected to an in-between gear known as the first reduction gear. The first reduction gear is then connected to a low speed pinion with the help of one more shaft. Global Gear Reducer Market is segmented By Geographical Region into North America, China, Europe, Japan, India, and Southeast Asia. The Key Players include IPTS, NORD, SUMER, SANKYO, TWG, Siemens, Brevini Riduttori, VARVEL, Bonfiglioli, Tsubak, Kahlig Antriebstechnik GmbH, JVL, Nidec-SHIMPO, YUK, TGB, and I.CH MOTION.

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Global Naval Artillery Market Analysis, Size, Share, Growth, Trends, Market Overview and Forecast, 2021- Hexa Research

The modest scenery of the market position displays the learning about the best prominent companies in the Global markets in the field of Global Naval artillery industry. An in-depth and detailed examination of the company outlines, manufacture along with ingestion, dealers, promoting traders together with the influence is studied. The development in the global naval artillery market may be credited to the growing frequencies of armed encounters and terror attacks that are pushing the call for battle arrangements, internationally.

Between all boards, the submarine section headed the battle arrangement combination market

On the basis of platform, the submarine section is expected to tip the combat arrangement incorporation market from 2016 to 2021. Submarine is extensively utilized armed forces internationally for diverse uses, like making the rounds, object attainment, following, and observation. Developing nations like India and China, between others are evolving a big strength of submarines. These nations are financing in Air-Independent Propulsion (AIP) technology and centering on the making of atomic submarines.

For example, China has inductedthe world's biggest nuclear submarine recognized as TYPE 032 in 2010. India is too building six fresh nuclear submarines; in 2016, the country specially made its innovative nuclear submarine, INS Arihant. Such progresses are anticipated to trigger the development of the naval artillery market in the submarine section. The naval application of battlearrangement is expected to nurture at the maximum CAGR in the prediction period.

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The battle arrangement combination market has been sectioned and investigated on the base of use into naval, airborne, and land-based. On the basis of use, the naval section is expected to breed at the maximum CAGR from 2016 to 2021. This development is mainly motivated internationally by surge in the amount of navy battle arrangement upgradation plans, gaining of novel military tools, and increase in defense expenditure. The U.S. and England to be resourceful markets for battle arrangement incorporation.

The U.S.A and England are likely to be crucial marketplaces for battle arrangement incorporation in the upcoming years; this market in the U.S. is anticipated to nurture at the maximum CAGR in the prediction period. Development of the battle arrangement incorporation market in G7 countries is principally credited to the growing research & development happenings for the improvement of progressive technology-based designs of battle arrangements. Incorporation benefits in troubleshooting, preserving, and restoring not only radars and communications structures but likewise flight controls and weaponrie sarrangements.

The area wise division of the international market of Naval Artillery includes North America, China, Europe [England, Italy, France, Germany, and Russia], Japan, India, and Southeast Asia. This study of the international market of Naval artillery in European market, particularly in France, Germany, England, Italy, Russia, and Spain, centers on the best companies in these regions/nations, study done on the basis of sales, price, revenue and market share for each company in these areas, covering Zavod imeni Stalina (ZiS), Nexter, BAE Systems, General Dynamics Corp, Alliant Techsystems, Mandus Group, NORINCO GROUP, and Rheinmetall Defense. 

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Global Gear Hobbing Machine Market Share, Size, Analysis, Trends, Growth and Forecasts, 2021| Hexa Research

Hobbing is a manufacturing process which is used in order to cut tooth type geometries. Hobbing is a significant industrial process for gear manufacturing. The process is carried out by means of a hobbing machine with two skew spindles, one of these spindles is mounted with the hob while the other is mounted with a blank workpiece. Hobbing is used to make different types of finished gears such as helical gears, splines, spur gears, sprockets, and so on.

Hobbing machines or hobbers, as they are usually known, are fully automated machines. Since the hobbers are required to manufacture gears of different sizes ranging from tiny instrument gears to large marine gears, they are offered in different sizes. A hobbing machine consists of a chuck, which holds the workpiece, a drive motor, and a hob mounted on a spindle. A hob is a cylindrical shaped cutting tool that cuts teeth into the workpiece.

The factors that propel the growth of the global Gear Hobbing Machine market research report include growing demand for petroleum products, which results in the exploration of new reservoirs in deep waters. In addition, an increase in deepwater exploration activities and ultra-deepwater exploration will fuel the growth of the global Gear Hobbing Machines market in the upcoming years.

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Also, the growing trend of 3D printing for gears will boost the growth for the global Gear Hobbing Machines market. Moreover, some of the other key factors contributing for this growth comprise decrease of capital costs, raw material costs, and costs to reclaim scrap. The global Gear Hobbing Machine market research report is classified on the basis of product type, application and geography. On the basis of product type, the global Gear Hobbing Machine market research report is classified as horizontal gear hobbing machine and vertical gear hobbing machine. 

Among the product type, the vertical hobbing machines segment is projected to account a major share of the global Gear Hobbing Machine market research report and will continue to dominate the market for the next few years. The key factors that attributes to the growing demand for vertical hobbing machines is its flexibility and efficacy to produce higher product quality. On the basis of application, the global Gear Hobbing Machine market research report is classified as automobile, construction machinery, metallurgical machinery, oil and mining machinery, aerospace, motorcycle and others.

On the basis of geography, the global Gear Hobbing Machine market research report is classified as North America, Europe, Asia Pacific and Rest of the World. In case of geographical region, Asia Pacific is projected to account a major share of the global Gear Hobbing Machine market research report. It is also expected to continue its dominance in the market in the upcoming years.

The key factor accountable for the market’s growth in Asia Pacific is the growth in drilling activities in unconventional reserve bases like deepwater assets. Some of the key players that fuel the growth of the global Gear Hobbing Machine market research report include Mitsubishi Heavy Industries, Gleason, Liebherr, Premier and Aeromech Technologies.

The other prominent players operating in the global Gear Hobbing Machine market research report include LMT Tools, Bourn & Koch, Samputensili, Monnier + Zahner, Strojimport, Chongqing Machine Tool, Zaozhuang Yi Xin Heavy Machine Tools, EMAG, VANGUARD, WTO, PRAEWEMA ANTRIEBSTECHNIK, Felsomat, Star SU, KLINGELNBERG, Koepfer America, and FFG Werke.

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Automotive Composites Trends, Growth, Analysis and Forecasts to 2024: Hexa Research

The global Automotive Composites Market stood at over USD 3 billion in 2015 and is expected to surpass USD 7.5 billion by 2024 expanding at a CAGR of over 8.5 %. Rising preference for high fuel efficiency in passenger cars and growing vehicle production, particularly in the Asia-Pacific (APAC) region, will drive the global market during the forecast period (from 2016 to 2024).

Increasing urban population base, especially in developing countries such as India & China, will offer numerous growth opportunities to the market players. However, recyclability issues along with high costs of raw material are likely to hinder the worldwide Industry growth.

The global market is categorized into products, applications, and regions.
Based on products, the global automotive composites market is segmented into Ceramic Matrix Composites (CMC), Metal Matrix Composites (MMC), and Polymer Matrix Composites (PMC). Polymer matrix composite is further categorized into Carbon Fiber Reinforced Polymer composites (CFRP) or natural fiber reinforced polymer composites and Glass Fiber Reinforced Polymer composites (GFRP). The metal matrix composites (MMC) market is likely to exceed USD 435 million by 2023.

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The market for CFRPs is the fastest-growing and is projected to grow at a healthy CAGR during the forecast period. Strict environmental rules and demand for fuel-efficient cars will propel this segment. And increased application base for composites in latest vehicle models will also add to the demand.

On the basis of applications, the global automotive composites industry is fragmented into interior, exterior, engine, and powertrain components. Owing to widespread expansion, chassis and powertrain components has been the fastest growing segment over the past couple of years. The exterior components segment led the market due to high demand for aesthetic appeal and attractiveness in passenger cars. Engine & powertrain components is projected to witness maximum gains in the years to come. The global market is also segmented on the basis of technology into manual, continuous, injection, and compression.

Regionally, the automotive composites industry is categorized into Europe, Asia Pacific (APAC), North America, Central and South America (CSA), and the Middle East and Africa (MEA). Surging income levels along with rapid industrialization in various developing countries has resulted in the greatest industry share in this region. Frequent business ventures and numerous product launches have made the region a lucrative hub for high investments. The European automotive composites market will register moderate growth from 2016 to 2024. Stringent environmental rules by the European government will boost regional growth. United Kingdom, Germany, and France automotive composite markets will perform favorably owing to the presence of major automobile manufacturers such as Renault and BMW. The North American region is also expected to have steady gains due to a rise in the customer spending capacity post recession.

The global industry is highly consolidated one with four key players holding 70 % of the total market share. Some of the key companies are Mitsubishi Corp.; Toho Co. Ltd.; Toray Industries Inc.; and Koninklijke Ten Cate N. V.

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Automotive Fuel Cell Market Analysis, Size, Share, Growth Industry Trends and Forecast to 2024 | Hexa Research

The global automotive fuel cell market was estimated over 5, 000 units in 2015. It would grow at a CAGR of nearly 13% in the forecast period (2016-2024). The market can reach over 10, 850 units by 2024. Expansion across fuel cell vehicles or FCVs owing to pollution-awareness will drive the industry in the near future.

FCVs or fuel cell electric vehicles (FCEVs) run primarily on hydrogen. About 80 million tons of hydrogen are generated each year to cater to the demand for hydrogen fuel cells in FCEVs. Hydrogen infrastructural developments are the key market propeller.

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In 2015, the transportation sector largely contributed to carbon dioxide emissions in the U.S., adding to the greenhouse gas problem. The use of FCEVs may curb pollution. A fuel cell contains electrodes. It converts chemical energy into electrical through electromechanical reactions. Electrolytes move electrically-charged elements from one electrode to another, speeding-up chemical reactions in cells.

Biogas, natural gas, and other alternatives are used in fuel cells. This aids in reducing & eliminating noise & air pollution, as hydrogen in combination with oxygen, creates water. FCEVs are free of combustion during energy production.

Low corrosion and lack of ‘high operation temperature’ owing to the absence of combustion are likely to boost the longevity of vehicles. This coupled with their lower maintenance costs can add industry growth. Research & development (R & D) activities should create business opportunities, leading to more employments.

High costs of automotive fuel cells are predicted to hamper the industry. Moreover, lack of technological advancements can hinder the industry. The Automotive Fuel Cell Market is split into applications and regions.

Applications include light-duty vehicles and materials handling. The former accounted for over 50% of the worldwide consumption in 2015. It will also dominate during the next eight years.

Many vehicle manufacturing firms have begun running ‘automotive fuel cell’ programs to encourage technological advancements. Light duty vehicles would grow at around 12.5% CAGR from 2016 to 2023. Their growth should be attributed to technological innovations and their reducing costs.

Materials handling is projected to witness a CAGR of about 15% in the near future. Its applications across airports, distribution centers, and inventory management can contribute segment expansion in the eight years ahead.

In addition, minimal operating costs and low-needed maintenance of these cells can raise market incomes. Regions encompass North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA). Asia Pacific led in terms of demand, capturing over60% of the total volumes in 2015. It is anticipated to display significant growth accredited to regional support on product promotions.

Europe may surface as a key region. To commercialize fuel cell technology, the U.S. Department of Energy (DOE) rewarded over USD 7 million in 2013. Due to constant assistance from the U.S. DOE, private firms, & national laboratories; the Automotive Fuel Cell Market has noticed upward trends in the last few years.   

The worldwide market is highly competitive and characterized by numerous large players and small & medium-sized enterprises. Major competitors are Toshiba, Panasonic, Ballard, Plug Power Inc., and Acumentrics SOFC Corporation

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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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