automotivemarketreports: April 2020

Tuesday 28 April 2020

Shared Mobility Market Research Report by Forecast to 2025

The global Shared Mobility Market size is projected to reach USD 619.51 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 25.1% during the forecast period. Growing use of smartphones and connected vehicles, along with an elevated problem of traffic congestion in prominent cities worldwide, is anticipated to drive the market. Increasing fuel costs are impelling individuals to shift towards alternative transportation solutions, further escalating the growth of the market during the forecast period.

Reluctance towards sharing personal vehicle with strangers in ride sharing is one of the major factors challenging market growth. Furthermore, high costs of developing internet infrastructure in some low-income countries and substandard connectivity are inhibiting the upward rise of the market.

Proliferation of internet-based technologies, mass marketing of connected vehicles, and burgeoning popularity of intelligent transportation systems (ITS) are prominent technological breakthroughs that are estimated to positively influence the growth of the market. Web-integrated services offer advanced features, such as V2V, V2X, and V2I communication, for vehicles. Moreover, availability of real-time information pertaining to parking and congestion is expected to further augment the shared mobility market over the coming years.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/shared-mobility-market

Further key findings from the report suggest:

Introduction of shared mobility services availed through electric vehicles is one of the key growth opportunities for industry players. Electric car sharing is a popular trend in developed countries of Europe and is likely to shape the future of the regional market over the coming years
The ride-hailing segment is poised to account for the highest revenue share of more than 52.0% by 2025. Growing penetration of internet across the globe and introduction of new services by ride hailing companies are projected to supplement the growth of the segment
Bike sharing is anticipated to be the most promising service model segment, registering a CAGR of over 29.0% from 2018 to 2025, owing to increasing number of bike-sharing programs, especially in matured economies worldwide
Asia Pacific is estimated to dominate the market throughout the forecast horizon owing to high adoption rate of ride-hailing and car-sharing services in densely populated countries such as China.

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:
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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

Tuesday 7 April 2020

U.S. Ceramic Brake Disc Market Size Worth $106.9 Million By 2025

The U.S. Ceramic Brake Disc Market size is expected to reach USD 106.9 million by 2025, registering at a CAGR of 2.6% over the forecast period, according to a study conducted by Grand View Research, Inc. Reduction in unsprung mass in a vehicle coupled with durability and requirement of low maintenance are expected to drive the demand for ceramic brake disc in U.S. Factors such as increasing preference for fuel-efficient vehicles and a longer life-span of ceramic brake discs are also likely to fuel the market.

The demand discs is mainly driven by the sale of the supercars and luxury passenger cars. In U.S., over the recent years, prominent brands such as Jaguar, Mercedes Benz, Porsche, and Maserati among others witnessed a major decline in vehicle sales. According to the Wall Street Journal, the declining trend for vehicle sales is expected to continue throughout 2018. For instance, the Mercedez Benz Cars segment sales have already witnessed a decline of 17.6% in comparison to March 2017.

Furthermore, the lack of adoption of ceramic brake disc owing to lesser perceived benefits in return of the investment made in upgrading the car, is affecting growth of ceramic brake disc market. Additionally, the Original Equipment Manufacturers (OEMs) offer the ceramic brake disc in a limited number of variants as a performance upgrade feature, due to the cost factor. This factor may hamper the product adoption.

The OE market segment held the dominant market share of 93.5% in 2017. At present, these brake discs are limited to supercars and luxury passenger cars, where the price point of the vehicle does not bother the buyers. Moreover, vehicle manufacturers offer ceramic brakes as an optional feature to customers at an additional cost. The segment is expected to exhibit a CAGR of 2.7% over the forecast period. However, the ceramic brake disc aftermarket is complex and is characterized by a limited number of players operating in the U.S. ceramic brake disc market. The ceramic brake discs have a considerably longer lifespan as compared to standard cast iron brake discs and can be refurbished. Therefore, it reduces the product penetration for aftermarket distributors and suppliers.

Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/us-ceramic-brake-disc-market

Further key findings from the study suggest:

By sales channel, the OE market segment is expected to continue leading the market owing to high durability and low maintenance of the product. The segment is expected to expand at a CAGR of 2.7% from 2018 to 2025
The aftermarket for supercars is expected to lead over the forecast period and is expected to account for a market share of 56.4% of the U.S. ceramic brake disc aftermarket by 2025
Prominent participants in the U.S. ceramic brake disc market include Brembo SGL Carbon Ceramic Brakes, Akebono Brake Industry CO., Ltd., ROTORA, and Surface Transformers PLC among others.

Wednesday 1 April 2020

North America MUV Rental Market Size Worth $7.76 Billion By 2025

The North America MUV Rental Market size is projected to reach USD 7.76 billion by 2025, registering a CAGR of 4.0% from 2019 to 2025, according to a new report by Grand View Research, Inc. A combination of factors such as an upsurge in the number of air travelers opting for vehicle rental services and the growing adoption of renting recreational vehicles for leisure purposes have fueled the regional market growth. Changing preferences of demographics, regarding vehicle ownership, are expected to have a positive influence on the market growth over the forecast period.

The increase in number of internet users has encouraged numerous local and global players in the MUV rental marketplace to have an international presence through their online website and mobile applications. The regional MUV rental market is expected to undergo a transformation from the conventional rental business operations to innovative business models. The North America market has witnessed a significant growth over the past few years owing to continuous economic growth. Numerous states in the U.S. are establishing tie-ups with van rental companies for providing transport facilities from airports to the city centers and other locations.

The key strategies adopted by the prominent players to acquire a higher market share include replacement of older fleet with newer ones, expansion of their operational reach, and adoption of a competitive pricing model. Major companies across the region are implementing a mix of operating models, including company owned stores, franchise, and agencies. With the advent of state-of-the-art technologies, vehicle renting has become a preferred option for travelers. Various players have started introducing mobile apps for customers as these apps provide benefits such as easy vehicle tracking and faster payment & booking process.

Browse Details of Report @
https://www.grandviewresearch.com/industry-analysis/north-america-muv-rental-market

Further key findings from the report suggest:

A majority of service providers in developed countries such as the U.S. are increasingly implementing advanced technology solutions to streamline the vehicle renting/booking processes
The demand across the leisure group is high during the peak seasons. Prominent players are providing premium services and offering discounts & packages to frequent travelers
The trend of renting camper vans or Recreational Vehicles (RVs) has also increased in recent years. Tourists mainly prefer renting RVs for traveling to remote locations or for camping purposes
Some of the key players in the north america muv rental market include Enterprise Holdings, Inc.; Dollar Rent A Car, Inc.; Budget Rent A Car System, Inc.; and Sixt SE.