Automotive Air Filters Market Worth $5.4 Billion By 2025

The global Automotive Air Filters Market size is expected to reach USD 5.4 billion by 2025, expanding at a CAGR of 4.8%, according to a new report by Grand View Research, Inc. Stringent government regulations related to automotive emissions, coupled with rising fuel-efficient vehicles, are likely to propel market growth.

Increasing global environmental pollution, coupled with stringent environmental regulations implemented by governments and NGOs, is expected to drive the overall market over the forecast period. In addition, initiatives undertaken by associations such as Car Care Council and Environmental Protection Agency are likely to spread awareness about the product among automotive manufacturers across the globe, thereby driving the market growth.

Rising automotive production in developing economies such as India, China, and Indonesia is projected to boost the demand for this product in the automotive industry. In addition, increasing air pollution in the aforementioned countries has resulted in implementation of strict emission regulations, which is further estimated to drive the market.

Major cities across the globe had more particulate concentration than the required values in 2014. This forced governments to advocate the use of efficient emission systems. Therefore, the market is expected to benefit from these government initiatives as air filters are a major contributor toward increasing engine efficiency.

Key market players including Mann+Hummel Holding GMBH; K&N Engineering, Inc.; Cummins Inc.; Mahle GmbH; and Robert Bosch GmbH are engaged in the manufacturing and distribution of a variety of products. In addition, these players are involved in establishing a strong distribution network across the globe by implementing strategies such as mergers, acquisitions, and joint ventures.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/automotive-air-filters-market

Further key findings from the report suggest:

• Cabin filters accounted for a market share of 49.5% in 2018, owing to their usage for maintaining a steady stream of fresh air in the vehicle cabin, coupled with their high frequency of replacement in automobiles
• The passenger car application segment dominated the automotive air filters market in 2018 and is estimated to reach USD 2.9 billion by 2025, due to rising demand for the product with growing automotive production across the globe
• The aftermarket end-use segment is projected to register notable gains and reach a revenue of USD 4.1 billion by 2025 driven by the replacement of cabin and intake filters on a regular basis as recommended by manufacturers
• The Asia Pacific region accounted for a market share of 50.9% in 2018 and is projected to reach USD 2.8 billion by 2025 owing to high automotive production in developing economies such as China, India, and Thailand
• Key participants are engaged in R&D activities to design and develop a wide-ranged product portfolio. In addition, the players are focusing on establishing and expanding their distribution networks across the globe.

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Electric Vehicle Battery Market Trends and Growth Opportunities

The global Electric Vehicle Battery Market size is expected to reach USD 38.6 billion by 2025, registering a CAGR of 16.7% from 2019 to 2025, according to the new report from Grand View Research, Inc. The growing preference for e-mobility and the subsequent rise in the popularity of electric vehicles (EVs) is expected to drive the market growth. Several countries have taken a lead in deploying various EVs, including two wheelers, buses, and other commercial vehicles.

Increasing efforts to reduce the production cost of electric vehicle batteries is prompting manufacturers to invest in developing countries, including China, India, and Mexico. Having realized the potential for economic development in emerging economies, some large plants for manufacturing batteries have already been planned in Asia Pacific. At the same time, the rising fuel prices coupled with increasing environmental concerns are prompting several governments to encourage the adoption of EVs.

EVs require more battery power because apart from functions, such as GPS navigation system, power windows, air-conditioning systems, and dashboard displays, which are powered by a battery, their entire drivetrain is dependent on battery power. Advances in battery technology have led to the advent of batteries that can cater not only to the conventional battery-driven functions but also to the drivetrain. Such favorable advances in battery technology are expected to drive the market growth.

In several metropolitan cities across the world, city administrations are drafting policies to support the deployment of electric vehicle supply equipment (EVSE) and rollout of adequate charging stations. For instance, in the Netherlands, the metropolitan area of Amsterdam has adopted a demand-based approach for deploying its EVSE network and making it accessible to owners of EVs. Similarly, a multi-government policy forum named Electric Vehicle Initiative (EVI) was established in 2009 under the Clean Energy Ministerial (CEM) to monitor and encourage the adoption of EVs across the globe. The International Energy Association (IEA) is serving as the EVI coordinator.

At present, EVs account for a relatively smaller share in the overall automobile sales. However, favorable regulatory initiatives are expected to trigger the adoption of EVs and subsequently open growth opportunities for the market for over the forecast period. For instance, the Paris Agreement endorsed by the European Union, the U.S., and Japan to support zero-emission vehicles is conducive to an increase in the sales of EVs.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/electric-vehicle-battery-market

Further key findings from the report suggest:

• Continued efforts by automotive manufacturers to produce more vehicles with electric drivetrains is necessitating the use of lithium-ion batteries for onboard energy storage
• The battery electric vehicle (BEV) segment dominated the market in 2018 and is expected to continue being the largest segment over the forecast period. The plug-in hybrid electric vehicle (PHEV) segment is anticipated to register the highest CAGR over the forecast period
• Companies based in Europe and North America have entered the Chinese market either by setting up manufacturing units in China or by striking strategic partnerships with Chinese companies
• The evolving automotive industry in Indonesia, Mexico, India, Vietnam, and Thailand bodes well for the market growth over the forecast period
• Advances in battery technology coupled with the growing preference for hybrid vehicles and zero-emission EVs are expected to drive the electric vehicle battery demand over the forecast period
• The electric vehicle battery market growth largely depends on the policies drafted by governments and government agencies to encourage the adoption of EVs and deployment of charging infrastructure.

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

U.S. Automotive Collision Repair Market Trends, Segmentation and Future Scope

The U.S. Automotive Collision Repair Market size is expected to reach USD 33.75 billion by 2025, registering a 1.5% CAGR from 2019 to 2025, according to a new study by Grand View Research, Inc. The market is expected to grow owing to the rising adoption of automotive technologies in automotive fabrication. The increasing use of 3D printing in applications such as automotive fabrication and prototyping has also led to the increased adoption of automotive collision repair services by automakers in the industry. Moreover, the growing focus of manufacturers on technology proliferation and increasing investments in research & development activities are also expected to contribute to market growth.

Increasing digitalization in automotive repair and maintenance services has transformed the U.S. market. Several startups are now offering online services for regular maintenance as well as for repairing of cars. For instance, Repair Pal, an auto repair and maintenance service app, offers repairing and pickup & drop services to users seeking assistance in case of car crashes, even in remote locations. These services enable users to get on-demand professional repair services at their homes or offices. Users are also given options to select their technicians based on the type of vehicle and repairing services required.

However, environmental concerns associated with the use of some of the repairing materials are hampering the market growth. For instance, paints and coatings contain high amounts of hazardous Volatile Organic Compounds (VOCs), which cause air pollution. This has led the U.S. government to set up regulations banning the use of hazardous paints and coatings. For instance, The U.S. EPA Design for Environment (DfE) Automotive Refinishing Partnership works in collaboration with auto repairing and refinishing shops to develop guidance documents and helpful checklists. Auto repairing and maintenance shops are obligated to follow these general health and safety checklists in their day-to-day operations to decrease the proportion of hazardous waste produces.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/us-automotive-collision-repair-market

Further key findings from the report suggest:

• Increased demand for higher-priced products such as advanced glass products and performance tires, electrochromic mirrors, and solar control windows are anticipated to boost the sale of repair parts in the country
• Increasing use of sophisticated safety equipment in vehicles has resulted in the higher cost of collision repairs
• The rapidly evolving paint and coating technology in the automotive industry to meet the latest protective automobile materials and aesthetic demands are expected to drive the U.S. automotive collision repair market growth
• Increasing demand among customers for repair warranty is one of the major factors supporting the growth of the OE segment in the market
• Governments and transport authorities across different countries have made it mandatory for customers to obtain insurance coverage, which is expected to contribute to the market growth
• Stringent government regulations and safety guidelines regarding the use of hazardous materials for automotive collision repair are anticipated to challenge the market growth
• The industry is witnessing a trend of strategic alliances and collaborations among collision repair centers and leading auto insurance companies to gain a competitive edge in the market.

 About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

Aerospace Parts Manufacturing Market Worth $1.25 Trillion By 2027

The global Aerospace Parts Manufacturing Market size is expected to reach USD 1.25 trillion by 2027, exhibiting a CAGR of 4.1% over the forecast period, according to a new report by Grand View Research, Inc. Increasing passenger and freight traffic in emerging economies is driving the demand for next-generation aircraft, which in turn is expected to boost the market growth.

A majority of the aircraft manufacturing companies are integrated across the value chain and are highly active in the parts manufacturing process. These companies have in-house production facilities as well as supplier contracts for the procurement of these parts. The manufacturers are also involved in raw material procurement and designing and quality control of the parts offered by third party suppliers.

The market for aerospace part manufacturing is primarily concentrated in North America and Europe, owing to the presence of major aircraft manufacturers. China and India are expected to emerge as the leading markets in the forthcoming years, owing to the rapid growth of aircraft part manufacturing and export activities. The global trade in components and sub-assemblies has increased by approximately 25% during the past decade. However, the sector still remains consolidated with the top 3 countries including U.S., Germany, and France, accounting for over 60% of the total aircraft manufacturing.

The market has observed a trend of a collaboration of the major companies entering into a joint venture. This helps the companies to sustain in the highly competitive market in terms of geographical expansion, technological advancements, and lowering the risk of failure. This also aids the companies to easily access the market for gaining long term contracts.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/aerospace-parts-manufacturing-market

Further key findings from the report suggest:

• In 2019, aerostructure dominated the product segment, with 52.2% of revenue share on account of strong replacement rate of aluminum with high-cost composites in fuselage and airframe structures
• Commercial aircraft segment is estimated to expand at the fastest CAGR of 4.6% over the forecast period, as significant changes are being incorporated in the aircraft structure to reduce the carbon emissions by replacing existing parts with lightweight materials
• The market in Asia Pacific was valued at USD 149.6 billion in 2019 and is expected to expand at the highest CAGR owing to the rapid growth of aviation industry, augmenting the growth of MRO services thereby impacting aerospace parts manufacturing industry on a positive note
• The aerospace parts manufacturing market has stringent manufacturing norms, safety regulations, and certifications, which restricts the entry of new entrants
• Emerging players in Asia offering low-cost innovative solutions to the end-users are expected to challenge the established players in North America and Europe, leading to competition disruption in the market

 About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com

EV Range Extender Market: Emerging Trends, Analysis, Overview and Opportunities, 2025

The global EV Range Extender Market demand is estimated to reach 494,083 units by 2025 at a 10.2% CAGR during the forecast period, according to a new report by Grand View Research, Inc. An electric vehicle (EV) range extender is an external system that helps increase vehicle range to support long-distance travel. Robust growth in adoption of fully electric passenger and commercial vehicles to reduce CO₂ emissions, coupled with extendable range and high-performance capabilities, are expected to propel market growth.

The automotive industry is considered to be the largest consumer of oil in the world, contributing to high pollution levels globally. Governments across various countries have imposed stringent regulations on automobile manufacturers to produce low/zero emission vehicles to help reduce carbon footprint.

Besides this, governments of developing countries such as China and India are providing subsidies to promote the adoption of electric vehicles. For instance, in August 2018, the Indian government announced to offer a subsidy of around 20% on purchase of new electric vehicles. However, low mileage range of EVs can be a major concern for consumers as it limits the distance traveled. To overcome this, key manufacturers such as BMW Group, General Motors, Volvo Car Corp., and Mahle Group have launched EV range extender solutions that help increase battery capacity to support long distance traveling. This has had a positive impact on market growth.

In an attempt to increase their market share and improve overall profitability, key automobile manufacturers are focused on integrating range extenders into their new EV models. For instance, BMW Group launched the BMW i3 EV integrated with a range extender solution, which enables consumers to drive longer distances. In 2016, Nissan Motors Co. Ltd. launched LEAF, an e-powered hybrid vehicle, in several APAC countries.

Key market players are also investing significant funds in R&D activities to develop innovative range extender products to extend driving range and improve battery efficiency, along with reducing overall battery price. However, increasing focus of OEMs to incorporate range extender technology in upcoming EV models, coupled with increasing trade conflicts between China and U.S., may hinder market growth over the forecast period.

Browse
https://www.grandviewresearch.com/industry-analysis/electric-vehicle-ev-range-extender-market

Further key findings from the study suggest that:

• North America accounted for the largest market share in 2017. The regional market will witness growth with some large market players such as General Motors Co. and Magna International Inc. offering ICE and fuel cell range extenders
• European governments are actively offering several rebates and subsidies to boost adoption of EVs. However, there is a lack of charging infrastructure as against rising EV sales, which is expected to propel demand for EV range extenders
• Governments across the globe are continuously investing in enhancing public transport infrastructure, thereby driving adoption of electric commercial vehicles. Deployment cost of range extenders is lower than the cost involved in setting up a charging infrastructure
• Key market players are collaborating with EV manufacturers to develop new innovative technologies that will offer alternative range extender solutions as well as incorporate range extenders in new vehicle models.

 About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com