Author: Sagar

North America youth ATV & UTV market size is poised to experience lucrative growth in the coming years. The region is witnessing growing interest towards sports & recreational activities among the youth and millennial population. This can be attributed a significant rise in the purchasing powers of consumers. In addition, most youth all-terrain vehicles (ATVs) and utility task vehicles (UTVs) are easily available at affordable prices.

Consequently, this has resulted in the increased construction of off-road trails and parks particularly across the U.S. The government is increasingly spending on the construction of new ATV and UTV trails as well as upgradation of existing ones, fueling the overall North America youth ATV & UTV market trends.

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Even though the need to utilize off-road vehicles arose out of the challenges to tackle difficult geographical terrain and climatic conditions across various nations, the popularity of ATVs and UTVs has been on the rise in the recent times. These off-road vehicles have emerged as the most preferred vehicles for touring through national parks, beaches, and for racing purposes. North American nations like the U.S. and Canada have humongous national reserves and state parks where off-beat routes and trails have been built by the government.

Various state governments in the U.S. have been spending millions to construct and maintain off-road routes and trails in national parks – a factor that has invariably benefited the North America youth ATV & UTV industry. For instance, the policy board of the State Department of Natural Resources in Wisconsin approved a master plan in 2017 to add 200 miles of routes for ATVs in the Northern Highland-American Legion State Forest. Apart from commissioning new trails, the board has completed recreational opportunities analysis of a large parcel of natural area in northern Wisconsin and has further identified potential sites for ATV routes.

Needless to mention, the initiatives being undertaken by government authorities along with increasing budgetary allocations to build new off-road trails would be helpful for recreational enthusiasts and boost adventure sports in the region. That being said, numerous national parks in the states such as Wisconsin in the U.S. have emerged as major geographical terrains that assist North America youth ATV & UTV market participants to expand their commercialization scale in the recent times.

Having a vast geographical expanse of around 430 wilderness areas, over 150,000 miles of trails, and large farms, ranches, and unpaved roads, the U.S. has emerged as a lucrative investment hub for North American youth ATV & UTV industry expansion. Reports claim that the profound surge in recreational activities and the presence of major industry players bringing forth technologically advanced vehicles will be the key factors driving the regional share. Accounting for a revenue share of USD 220 million in 2017, estimates claim the North America youth ATV & UTV market to be a dominant player with a volume share of over 90% by 2024.

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Quite overtly, the significant geographical benefits in conjunction with the rising popularity of motor sports & recreational activities are slated to robustly fuel the ATVs & UTVs product demand across North American. And furthermore, with the growing product popularity, the extensive efforts of industry contenders & regional governments to expand the scope of these activities are all set to carve a profitable roadmap for North America youth ATV & UTV market in the years ahead.

Table of Contents (ToC) of the report:

Chapter 4.   North America Youth ATV & UTV Market, By Product

4.1. North America Youth ATV & UTV market share by product, 2017 & 2024

4.1.1.  ATV

4.1.1.1.    Market estimates and forecast, 2013-2024

4.1.1.2.    Market estimates and forecast, by region, 2013-2024

4.1.2.  SSV/UTV

4.1.2.1.    Market estimates and forecast, 2013-2024

4.1.2.2.    Market estimates and forecast, by region, 2013-2024

Chapter 5.   North America Youth ATV & UTV Market, By Fuel

5.1. North America Youth ATV & UTV market share by fuel, 2017 & 2024

5.2. Gasoline

5.2.1. Market estimates and forecast, 2013 – 2024

5.2.2.  Market estimates and forecast, by region, 2013–2024

5.3. Electric

5.3.1. Market estimates and forecast, 2013 – 2024

5.3.2.  Market estimates and forecast, by region, 2013–2024

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Inland waterways vessels market size is projected to be pegged at $2,250 billion by 2024 driven by a plethora of trading activities, favorable government support, and the growing demand for congestion-free transportation. The rising preference for energy efficient and technologically advanced solutions for the transportation of goods is certain to add stimulus to inland waterways vessels market. Another factor augmenting the commercialization scale of this vertical is the expanding tourism industry that is becoming more and more ecologically tolerant by the day.

With the swift acceptance of economical transportation systems, inland waterways vessels market has been gaining increasing popularity among the masses lately. Inland waterway transit is particularly in focus at present, as one of the most competitive alternatives for rail and road transport. This sudden spur of popularity can be principally attributed to the eco-friendly benefits of this mode of transport. Inland water ships ensure a high level of safety while carrying dangerous goods in addition to providing energy efficiency and reliability, thereby augmenting inland waterways vessel industry trends.

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Recognizing the immense popularity of waterway transportation, regional governments have been on the go, encouraging the adoption of this mode of transportation. The European Union in fact has even come up with a set of regulatory norms to strengthen and promote inland waterways transportation systems. The increasing implementation of waterways transportation for conveyance of goods and passengers is thus likely to boost inland waterways vessel market share.

Speaking of the involvement of government bodies, it would be prudent to mention a recent incidence witnessed across the Indian sub-continent. In 2017, the Gujarat state government, with the support of the Central government of India, commenced the Ro-Ro ferry services across Dahej and Ghogha for convenient intercity transportation. The initiative is expected to boost the economy of state with considerable savings of fuel and travel time. Indeed, the Ro-Ro ferry service is the debut inland waterway transportation across India and is evidence to the fact that the increasing adoption of this mode of transportation for enhancing business and regional trade is certain to stimulate inland waterways vessel market share.

Further elaborating on the Indian government’s initiatives to strengthen the regional inland waterways vessels market trends, under the Jal Marg Vikas Project, the government of India is seemingly looking forward to developing the National Waterway 1. Through this project, the Inland Waterways Authority of India (IWAI) plans to provide an eco-friendly, economical, and safe mode of transportation to the Indian citizens. In order to accomplish the same, IWAI has inked a contract with the Germany-based vessel designing company, DST. IWAI has announced that it is going to procure approximately 60 vessels out of which 25 could be LNG fueled to facilitate transit via inland waterways. The procurement of vessels reportedly depends on the type of services like cargo and ferry. LNG vessels provide excellent operational efficiency and have a less hazardous influence on the environment, thereby augmenting LNF fueled inland waterways vessel market share. The aforementioned initiatives certainly imply that heavy investments in off-road transportation systems will have a remarkable influence on India inland waterways vessel market size.

It will be prudent to mention that cargo movement makes up for a bulk of inland waterways transportation requirement. On these grounds, non-passenger inland waterways vessels market is expected to attain the dominant position in this industry. As per estimates, non-passenger vessels are forecast to account for a mammoth 80% of the inland waterways vessels industry share by 2024.

Similar to non-passenger vessels, passenger inland waterways vessels market has also gained commendable traction on account of the increasing popularity of river cruises, ferries and yachts. With the expanding tourism industry, river cruises have witnessed a great surge in demand over the last couple of decades. In Europe in fact, river cruises on rivers such as Danube, Main and Rhine have been conducted with great success with luxury long boats like the Viking River Cruise. The adoption of similar boats has been rapidly occurring in the U.S. where tourism interest in rivers like Mississippi and Ohio, has added a significant boost to the regional inland waterways vessels industry. It is thereby rather undeniable that the rise in water-based tourism will augment passenger inland waterways vessels market size, slated to register a CAGR of 3% over 2017-2024.

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APAC inland waterways vessel market size was pegged at USD 1200 billion in 2017 and will exceed USD 1700 billion by 2024, driven by the expanding tourism industry and the rising number of trade activities in the region.

Since the last few decades, the inland waterway transportation network has grown tremendously across Europe, stimulating the regional inland waterways vessel market size. Indeed, this mode of transportation has helped connect European countries to the Baltic Sea, Coastal North Sea, and Black Sea. Despite a well-developed rail and road transportation network, waterway transit has achieved more popularity across Europe pertaining to the lesser transportation cost.

Table of Contents (ToC) of the report:

Chapter 4  Inland Waterways Vessels Market, By Vessel

4.1  Inland waterways vessels market share by vessel, 2017 & 2024

4.2  Passenger ship

4.3  Non-passenger ship

Chapter 5  Inland Waterways Vessels Market, By Fuel

5.1  Inland waterways vessels market share by fuel, 2017 & 2024

5.2  LNG

5.3  Low sulphur fuel oil (LSFO)

5.4  Diesel oil

5.5  Heavy fuel oil

5.6  Biofuel

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Automatic emergency braking market has been gaining increasing traction in the recent years, primarily due to the rising concern and awareness regarding the death toll due to traffic injuries. However, the surging emergence of autonomous vehicles has also been majorly responsible for the expansion of this vertical. For instance, at the 2019 Consumer Electronics Show, Intel’s subsidiary that develops driver assistance systems, announced that it will be supplying two China based companies with tools that would help in the development of driverless cars. But for driverless cars to become a reality, automatic preventive braking, which is an enhanced version of automatic emergency braking, have to be fully functional and installed on driverless vehicles.

In 2015, NHTSA and the Insurance Institute of Highway Safety made an announcement in which it was declared that ten of the major U.S. car manufacturers committed towards including automatic emergency braking as a standard feature in all new vehicles. Considering that the ten manufacturers constitute nearly 60% of the automakers in United States, their commitment to the inclusion of the feature is an important one and comprehensively indicates the future growth prospects for the automatic emergency braking market.

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The expanding automotive industry will also add a noticeable stimulus to the automatic emergency braking market. According to reliable statistics, the automotive industry was estimated to sell nearly 78.6 million passenger vehicles in 2017. In terms of production and sales, China and the United States are among the leading countries in the automotive industry with 6.9 million passenger cars having been sold in the U.S. alone in 2016.

While the automotive industry is led by such giants as Volkswagen, Daimler and Toyota, the automotive supplier industry, which also plays a major role in the automatic emergency braking market, is led by Bosch, Continental, Denso, Magna etc. Aided by initiatives like the Paris Agreement, electric and hybrid vehicles are expected to register 20% CAGR over 2018-2024, adding greater growth impetus to the overall market. As passenger vehicles witness explosive demand in the emerging economies, it is predictable that the automatic emergency braking market will also register a massive growth rate as traffic safety concerns will be rising with the increasing use of vehicles.

As the advantages of automatic emergency braking systems are coming to the forefront, governments are speedily putting regulations in place that are soon expected to make automatic emergency braking systems a mandate in all vehicles. With consumers themselves demanding increased safety in their vehicles, various safety measures like pedestrian automatic braking system, rearview camera, forward collision warning systems are becoming more common in vehicles while governments are pushing to make them mandatory in even the basic models and not only in the costlier ones.

In fact, in 2015, ten major U.S. car manufacturers committed to making automatic emergency braking a standard feature in all vehicles to increase vehicle safety. Electric car manufacturer Tesla added an automatic emergency braking system on its vehicles that uses a radar technology to bounce under vehicles to detect potential accidents up to 2 cars ahead and is activated even before the human driver has the chance to access the situation and react. Pedestrian automatic emergency braking systems are also becoming more commonly used in automobiles as autonomous vehicles are making their appearance in the market and it is of crucial importance that pedestrian safety is maintained in case of such vehicles.

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Apparently, automatic preventive braking will work by applying small preventive brakes that will increase the distance between two vehicles and maintain safe distance between vehicles rather than brake suddenly to avoid collision. Integration of such braking systems on autonomous vehicles as well as ordinary vehicles driven by humans will immensely augment the safety of passengers as well as pedestrians. Such considerations taken by automakers are certain to add a considerable boost to the growth of the automatic emergency braking market.

Table of Contents (ToC) of the report:

Chapter 4   Automatic Emergency Braking Market, By Brake

4.1    Global automatic emergency braking market share by brake, 2017 & 2024

4.2    Disc

4.2.1   Market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)

4.2.2   Market estimates and forecast, by region, 2013 – 2024, (Thousand Units) (USD Million)

4.3    Drum

4.3.1   Market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)

4.3.2   Market estimates and forecast, by region, 2013 – 2024, (Thousand Units) (USD Million)

Chapter 5   Automatic Emergency Braking Market, By Vehicle

5.1    Global automatic emergency braking market share by vehicle, 2017 & 2024

5.2    ICE

5.2.1   Market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)

5.2.2   Market estimates and forecast, by region, 2013 – 2024, (Thousand Units) (USD Million)

5.2.3   Passenger cars

5.2.3.1   Market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)

5.2.3.2   Market estimates and forecast, by region, 2013 – 2024, (Thousand Units) (USD Million)

5.2.4   LCV

5.2.4.1   Market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)

5.2.4.2   Market estimates and forecast, by region, 2013 – 2024, (Thousand Units) (USD Million)

5.2.5   HCV

5.2.5.1   Market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)

5.2.5.2   Market estimates and forecast, by region, 2013 – 2024, (Thousand Units) (USD Million)

5.3    Electric & hybrid vehicle

5.3.1   Market estimates and forecast, 2013 – 2024, (Thousand Units) (USD Million)

5.3.2   Market estimates and forecast, by region, 2013 – 2024, (Thousand Units) (USD Million)

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Reports cite that the North America automotive NFC market will record a CAGR of over 32% over 2019-2025. With the presence of EV maker like Tesla, the region’s electric vehicle market has been incorporating advanced smart driving features into automobiles, which has generated a wave of opportunities in the integration of NFC solutions. In the U.S., fully electric car sales are reportedly increased by around 47% in 2017, with Tesla’s Model 3 Sedan leading the sales.

The automotive NFC market growth is also attributed to the rising number of electric vehicle (EV) sales across emerging economies. Reportedly, federal policies and regulations aiming towards curbing global carbon footprint have led automakers to develop electric vehicles which seemingly offer more enhanced vehicular features compared to traditional petrol and diesel vehicles. The trend is mainly registered across countries of North America and Europe where EV sales have skyrocketed in the past couple of years.

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Moreover, deployment of supercharging networks across city centers has opened new opportunities for integration of NFC technology lately. For instance, U.S. EV infrastructure firm ChargePoint has recently announced a new feature that allows EV owners to initiate charging using their NFC enabled smartphone. The feature, to be made available across 40,000 charging spots across North America, will be compatible with Android, iPhone, or Apple watch devices and is anticipated to reduce charging duration, advancements that will augment automotive NFC market reach across the region.

NFC technology in automotive sector offers intuitive interactions between humans and vehicles to fulfil the specific needs of drivers and enhancing driving experience. The major players in electronics and semiconductor sector are striving to come up with innovative ideas which can perform desirable tasks to satisfy certain demands of customers and increase remuneration of automotive NFC market.

Recently, one of the leading industry players, STMicroelectronics, made it to headlines as it presented automotive solutions for smart driving at the 11th edition of the Automotive World show in Tokyo, Japan. The company exhibited the leading-edge NFC technology in automobiles which can accelerate electrification and digitalization in autonomous driving, advanced driver assistance systems (ADAS), and power control for electric and hybrid electric vehicles. The solutions include Power Architecture®’s 32-bit microcontroller, SiC power MOSFET, acceleration sensors enabling road-noise cancellation, EEPROM and several others.

Interior application of NFC contributed to 71% revenue share of automotive NFC market in 2018. The interior segment includes features like vehicle engine access, infotainment system, air-conditioning, and ADAS (Advanced driver-assistance systems) communication which primarily use NFC technology and are increasingly found in today’s low to high-end vehicles. The ability to simplify the pairing process is the primary factor driving NFC usage in the automotive sector.

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For instance, consumers using NFC can unlock their vehicles and configure it according to their preferences using their smartphone while in close proximity to the vehicle. Additionally, an NFC enabled smartphone can receive diagnostic data such as vehicle service record, fuel consumption and mileage which can be viewed by the users. Moreover, using GPS, a vehicle’s location coordinates can be displayed on user’s phone via NFC, enabling easy vehicle access particularly in crowded areas or large parking lots.

With increasing modernization, the interiors of cars are also being installed with cutting-edge technologies. The interior application held more than 71 percent revenue share in the automotive NFC market in the year 2018. The strategies of some companies to progress in the technological domain is likely to contribute in augmenting the automotive NFC industry share in upcoming years.

Table of Contents (ToC) of the report:

Chapter 6 Automotive NFC Market, By Vehicle Type

6.1 Key trends, by vehicle type

6.2 Low-end

6.2.1 Market estimates and forecast, 2015-2025

6.3 Mid-range

6.3.1 Market estimates and forecast, 2015-2025

6.4 High-end

6.4.1 Market estimates and forecast, 2015-2025

Chapter 7 Automotive NFC Market, By Application

7.1 Key trends, by application

7.2 Interior

7.2.1 Market estimates and forecast, 2015-2025

7.3 Exterior

7.3.1 Market estimates and forecast, 2015-2025

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The profitability potential and growth prospects of the automotive software market are rather evident from the vast range of offerings, including auto drive software, auto mechanical software, mapping software, connectivity software, driver assistance software, anti-collision software, and entertainment software. In the years to come, automotive software industry contenders are expected to not only capitalize on the existing technologies, but also bring about robust innovation in design and

Global automotive software market size is largely fueled by escalating consumer demand for comfort, safety and convenience in vehicles. Growing integration of technologically advanced features in vehicles such as smart electric roof, ADAS, walk away safety lock and cooled glove box have resulted in increased number electronic components in vehicles.

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Emergence of technologies such as AR, AI and blockchain will significantly enhance fuel-efficiency, functional safety, streamlined key entry and infotainment features. Proliferation of EVs and HEVs, rising internet penetration and increasing adoption of connected cars are anticipated to boost automotive software market outlook.

Increasing R&D investments by software majors such as Wipro, NVIDIA and Bosch Software will propel innovations in software products. These companies are also are looking towards partnership strategies to design and develop autonomous vehicles. For instance, Bosch and Daimler had partnered in 2018 to run a test program for autonomous on-demand ride-hailing service.

Autonomous driving software market share is projected to register a robust 17% CAGR over 2019-2025.

Accessibility of cloud-based services at remote locations coupled with increasing vehicle connectivity is driving the business growth. Increased focus on reducing operation cost for OEMs along with surging demand for efficient data visualization and data analysis has led to increased use of vehicle management software. These software help deliver timely services through predictive diagnostics, enabling carmakers to boost customer satisfaction.

Vehicle management software segment accounted for almost 32% of total automotive software industry share in 2018.

Rising preference for Mobility-as-a-Service (MaaS) is positively contributing towards automotive software market forecast. Industry giants such as Ford, Delphi and General Motors are making significant investments to design and develop driverless cars. For instance, Cruise Automation, a self-driving unit of General Motors had partnered with Honda in October 2018 for large-scale deployment of autonomous vehicle technology.

The mobility service segment of automotive software market will observe unprecedented growth at more than 19% over the projected period.

Strict government norms pertaining to environmental safety coupled with mounting environmental concerns have encouraged OEMs to design fuel-efficient engines with minimum carbon emissions. OEMs are incorporating EMS products along with hi-tech sensors for applications such as air management, fuel supply, ignition and control fuel injection to enhance engine efficiency.

Automotive software market size from engine management system (EMS) segment held close to 20% of the global business share in 2018.

Anti-lock braking system (ABS) helps ensure passenger and driver safety by preventing sudden skidding and consequent road accidents. The technology has significantly reduced risks of road crashes in recent times. For instance, it was reported in September 2015 that ABS lowered the risk of run-off road crashes by nearly 33%.

Automotive software market size from anti-lock braking system (ABS) application is anticipated to witness gains at over 14% during the analysis timeline.

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Growing dependence on public transportation and ridesharing services coupled with rising number of projected to bring autonomous trucks into logistics has increased the demand for automotive software across the commercial vehicles segment. Strict regulations enforced by the government and other regulatory bodies to ensure environmental sustainability is proliferating the business growth.

Commercial vehicles segment in automotive software Market will witness a remarkable 18% CAGR up to 2025.

Passenger vehicles segment is anticipated to observe steady growth during the forecast period. Growing deployment of smart technologies in passenger vehicles has led to increased demand for in-vehicle electronics systems, creating great significant opportunities for automotive software in the passenger vehicles segment.

Evolving trends of industrialization and infrastructural development in emerging economies such as China and India are opening up opportunities for automotive OEMs. Asia Pacific automotive software market size is anticipated to record a high growth with a robust CAGR of over 17% during 2019-2025. The need to address traffic congestion issues and accidents in APAC countries through the use of predictive navigation and other products will bolster the industry scope.

Table of Contents (ToC) of the report:

Chapter 3. Automotive Software Market Insights

3.1. Introduction

3.2. Industry segmentation

3.3. Automotive software industry landscape

3.4. Industry ecosystem analysis

3.5. Evolution of automotive software

3.6. Technology & innovation landscape

3.6.1. Advanced driver assistance system (ADAS)

3.6.2. Cybersecurity for in-vehicle software and connected cars

3.6.3. Over-the-air update/maintenance

3.6.4. Deployment of open source software (OSS) in automotive

3.6.5. Consolidation of ECU and domain-controller functionality

3.6.6. Deployment of application program interface (API) in automotive software

3.6.7. Front Ventilated Seats for driver and Co-driver

3.6.8. Cooled glove box

3.6.9. Smart electric sunroof

3.6.10. Walk away lock and child safety lock

3.7. Regulatory landscape

3.7.1. Federal Motor Vehicle Safety Standards

3.7.2. Global Technical Regulations

3.7.3. Ontario Regulations

3.7.4. Canada Motor Vehicle Safety Standards

3.7.5. ECE Regulations

3.7.6. Guobiao Standards

3.7.7. Motor Vehicles Act 1988

3.7.8. Automotive Industry standard

3.7.9. Road Vehicles Act, 1951

3.7.10. Korea Motor vehicle safety standards

3.8. Industry impact forces

3.8.1. Growth drivers

3.8.1.1. Increase in number of electronic products in vehicles

3.8.1.2. Increasing investment in auto-tech and autonomous vehicles

3.8.1.3. Increasing demand for connected cars

3.8.1.4. Intervention of innovative technologies for advanced user interface

3.8.2. Industry Pitfalls and Challenges

3.8.2.1. Maintenance and troubleshooting of automotive software

3.8.2.2. Consolidation of ECUs and lack of standard protocols to develop software platforms

3.8.2.3. Cybersecurity threats

3.9. Porter’s Analysis

3.10. PESTEL analysis

3.11. Growth potential analysis

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According to the Environmental Protection Agency, there are enough cases of such emissions to contribute to air pollution and pose a risk to environmental and human life. The fuel injected in a car consists of over 150 chemicals including toluene, benzenes and even lead, which can cause headaches, breathing issues, and in worst cases result in death. Hence, it is vital for carmakers to install EVAP systems in their models to control fuel evaporation, which would help expand the global automotive evaporative emission control system market size.

Attributing to rising awareness surrounding different types of vehicle emissions and the introduction of stringent vehicle emission standards, automotive evaporative emission control system market will experience lucrative business growth. In addition, driven by mandatory EVAP tests across prominent regions such as Europe, adoption of automotive EVAP systems is projected to keep on increasing during the forecast timeframe.

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The global automotive evaporative emission control system market is estimated to register a commendable growth rate over the ensuing years, on account of the growing air pollution levels worldwide. Air quality is deteriorating day by day posing a huge risk to the environment, human health, and food security. Fuel evaporative emissions undeniably, are a significant contributor to global air pollution levels. The gasoline in the fuel tank gradually evaporates over time, contaminating the air with VOCs (Volatile Organic Compounds).

In terms of regional growth, the Latin America market held considerable revenue share owing to rising concerns pertaining to fuel evaporation paired with the imposition of supportive international policies to control air pollution. According to an assessment released by UN Environment and the Climate and Clean Air Coalition, poor air quality and climate change are taking a toll on vulnerable population and environment within the Americas, leading to premature deaths, ecosystem damage, and crop yield losses.

In coming years Europe automotive evaporative emission control system market landscape is expected to account for a major portion of industry share pertaining to the strict regulatory scenario. For the record, the European Union has established a goal of achieving net-zero carbon and greenhouse gas emissions by 2050. Europe’s road transport sector plays a major role in the continent’s energy consumption. Under the net-zero emissions goal, the European Commission continues to further tighten emission limits for light commercial vehicles and passenger cars.

The proposed review of Europe’s Worldwide Harmonized Light Vehicles Test Procedure (WLTP) testing procedures, which is projected to come into effect by the end of 2019.  WLTP would be introducing major changes to the region’s mandatory EVAP tests, creating substantial growth opportunities for the Europe automotive evaporative emission control system market outlook.

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Brazil, which is the fourth largest vehicle market in the world differs from larger economies in terms of policies to promote vehicle-efficiencies. However, the government in these nations and other key vehicle markets in Latin America are working to adopt international best practices regarding emission control to the local economic and policy context. Successful implementation of regulatory practices would further augment the Latin America automotive evaporative emission control system market share in the coming years.

Table of Contents (ToC) of the report:

Chapter 3. Automotive Evaporative Emission Control System Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 – 2025

3.3. Industry ecosystem analysis

3.3.1. Component suppliers

3.3.2. Manufacturers

3.3.3. Profit margin trends

3.3.4. Distribution channel analysis

3.3.5. Vendor matrix

3.4. Pricing analysis

3.4.1. Regional pricing

3.4.1.1. North America

3.4.1.2. Europe

3.4.1.3. Asia Pacific

3.4.1.4. Latin America

3.4.1.5. Middle East & Africa

3.4.2. Cost structure analysis

3.5. Technology landscape

3.6. Regulatory landscape

3.6.1. North America

3.6.2. Europe

3.6.3. Asia Pacific

3.6.4. Latin America

3.6.5. Middle East & Africa

3.7. Industry impact forces

3.7.1. Growth drivers

3.7.1.1. North America

3.7.1.2. Europe

3.7.1.3. Asia Pacific

3.7.1.4. Latin America

3.7.1.5. Middle East & Africa

3.7.2. Industry pitfalls & challenges

3.8. Innovation and sustainability

3.9. Key insights on technology trends

3.10. Growth potential analysis, 2018

3.11. Porter’s analysis

3.12. Competitive landscape, 2018

3.12.1. Top players analysis, 2018

3.12.2. Strategy dashboard

3.13. PESTEL analysis

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The increasing preference for magnesium material over other available structural materials is likely to boost magnesium wheel market share. Fuel efficiency enhancement seems to have emerged as a major goal for automotive behemoths lately, thereby impacting magnesium wheel market. In order to achieve higher fuel efficiency, automakers are using lightweight materials for manufacturing automotive parts, primarily for BIW and wheels. Technically, magnesium is 75% lighter than steel and 33% lighter than aluminum.

OEMs are anticipated to account for a substantial share in automotive magnesium wheel market volume.  Automotive OEMs are making relentless strides to achieve light-weighting and improve fuel economy of vehicles. Moreover, aims to impart sophisticated, high-end aesthetic features to vehicles have prompted OEMs to incorporate automotive magnesium wheels in their vehicle portfolios.  Additionally, strict government rules pertaining to emission control and efficiency require OEMs to invest in technologies. which are likely to spur automotive magnesium wheel market demand.

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Premium and sports cars are predicted to hold significant revenue share in automotive magnesium wheel market size. The use of automotive magnesium wheels enables significant performance improvement due to excellent power to weight ratio, higher ability to bear impact, noise reduction, better heat dissipation, and shock absorption capabilities. In addition, superior cushioning and damping provided by such wheels enhance ride quality considerably. Furthermore, they help to furnish an elegant look to premium cars through which OEMs can command higher price for these vehicles.

Automobile OEMs have been seeking to reduce vehicle weight to improve fuel efficiency and reduce carbon emissions, which is likely to drive automotive magnesium wheel market trends over 2019-2024.  Automotive magnesium wheels offer benefits such as high strength to weight ratio and lesser weight with better damping capacity which may support the product demand. As per the latest research report compiled by Global Market Insights Inc., automotive magnesium wheel industry share is anticipated to exceed valuation of $28 billion through 2024.

Automotive magnesium wheels provide improved thermal conductivity and allow easier heat dissipation in comparison with traditional wheels, which is anticipated to accelerate automotive magnesium wheel market trends. Additionally, these wheels deliver softer cushioning capabilities and smoother ride quality, which help to   enhance driving experience in bad and uneven roads. Such benefits offered by   automotive magnesium wheels are likely to accelerate the adoption of the product in the coming years.

Governments of various countries across the globe have been continuously promoting the development of magnesium to facilitate usage across numerous automotive applications. For example, in North America, the Magnesium Vision 2020 project emphases on boosting investments in R&D towards magnesium technology development. The project focuses on the development reliable and durable magnesium materials for utilization in automotive applications. Furthermore, the program also aims to address magnesium-related issues such as fastening, fire, and corrosion.

Repairs, replacements, and upgradation of current car wheels with innovative automotive magnesium wheels are likely to   boost the revenue share of automotive magnesium wheel industry. Consumers have also been noted to opt for customized tires and specialized designs as per their requirements. Inclination of consumers towards such tires will expand automotive magnesium wheel market size. Heightened consumer interest towards customized and specialized designs is another influential factor propelling automotive magnesium wheel market size.

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The intensifying adoption of forged automotive magnesium wheels can be accredited to the significant advantages offered by them such as stiffer, lower weight, and stronger wheel in comparison with their traditional counterparts. Moreover, forged automotive magnesium wheels also help to reduce the occurrence of cracks and deformation under intense pressure. The exceptional benefits offered by forged automotive magnesium wheels will uplift   automotive magnesium wheel industry share over 2019-2024.

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Chapter 5 Automotive magnesium wheel Market, By End-Use

5.1 Automotive magnesium wheel industry share by end-use, 2018 & 2024

5.2 OEM

5.2.1 Automotive magnesium wheel industry estimates and forecast from OEM, 2013 – 2024, (Thousand Units) (USD Million)

5.2.2 Automotive magnesium wheel industry estimates & forecast from OEM, by region, 2013-2024 (Thousand Units) (USD Million)

5.3 Aftermarket

5.3.1 Automotive magnesium wheel industry estimates and forecast from aftermarket, 2013 – 2024, (Thousand Units) (USD Million)

5.3.2 Automotive magnesium wheel industry estimates & forecast from aftermarket, by region, 2013-2024 (Thousand Units) (USD Million)

Chapter 6 Automotive magnesium wheel Market, By Vehicle

6.1 Automotive magnesium wheel industry share by vehicle, 2018 & 2024

6.2 Bikes

6.2.1 Automotive magnesium wheel industry estimates and forecast from bikes, 2013 – 2024, (Thousand Units) (USD Million)

6.2.2 Automotive magnesium wheel industry estimates & forecast from bikes, by region, 2013-2024 (Thousand Units) (USD Million)

6.3 Premium/sports cars

6.3.1 Automotive magnesium wheel industry estimates and forecast from premium/ sports cars, 2013 – 2024, (Thousand Units) (USD Million)

6.3.2 Automotive magnesium wheel industry estimates & forecast from premium/ sports cars, by region, 2013-2024 (Thousand Units) (USD Million)

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The U.S. off-road vehicles market size, in recent times, has been the recipient of sizable gains, owing to the proliferation of outdoor activities in conjunction with the improving economic condition. ORVs are becoming increasingly popular especially among the youth across the U.S., as is obvious from the rising sales of SUVs, off-road dirt bikes & motorcycles, all-terrain vehicles (ATVs) and snowmobiles.

The U.S. off-road vehicles market from snowmobiles vehicles is further expected to witness remarkable expansion trends with regional companies going the whole hog to cater to the consumer demand. An instance bearing testimony to the same is of the American manufacturer of snowmobiles, ATVs, and other sports vehicles, Polaris Industries. The company launched its new INDY EVO in January 2018 that could deliver a sporty and comfortable riding experience to fuel the riders’ passion for snowmobiling.

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Another recent instance is of the globally popular snowmobile manufacturer BRP (Bombardier Recreational Products). The company has recently brought together its much-admired Ski-Doo REV Gen4 platform into four-stroke models that is expected to give riders the ultimate snowmobiling experience with enhanced engine options. Under its Ski-Doo brand, the company has also introduced the Rotax 900 ACE Turbo engine, OXYGEN helmet, and expansion of the 600R E-TEC engine into more ORV models.

The instances vividly demonstrate the unrelenting quest of the U.S. off-road vehicles market players to improve rider experience with innovation and technologically advanced products. It is important to mention that besides snowmobile vehicles, off-road motorcycles are also witnessing lucrative growth avenues. Statistics throwing in light on the same is of OIO, that claims the overall off-roading expenditure of the U.S. outdoor participants to be over USD 50 million in 2017. Estimates claim that with industry players following similar product portfolio expansion trend, the U.S. off-road motorcycles market to register a y-o-y growth rate of 6% over 2018-2024.

The mounting interest in off-road adventure activities is rather overt from the progress that the ATV industry has registered in the last few years. In 2017, the ATV Safety Institute (ASI) claimed that close to 35 million Americans use ATVs in the U.S., which would prove to majorly impel the U.S. off-road vehicles market size. ATV are bound to be used extensively in the agricultural sector for several tasks performed on farms and ranches such as general transportation, animal handling, weed control and fence mending.

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The agricultural sector even now, remains one of the largest occupational arenas in the U.S. As per reliable estimates, 78% of ATVs are used for recreational purposes while 22% are used in occupational settings. In addition, the versatility of ATVs has also resulted in their use in small scale construction, manufacturing, search and rescue operations, police, utilities, mining and land management. The utility, affordability and ease of use associated with these vehicles has led to their massive adoption by the agricultural community, in turn facilitating the growth of U.S. off-road vehicles market from ATVs.

Table of Contents (ToC) of the report:

Chapter 4    U.S. Off-Road Vehicles Market, By Vehicle

4.1    U.S. off road vehicles market share by vehicle, 2017 & 2024

4.2    All-terrain vehicles

4.2.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.2.2    Market estimates and forecast, by states, 2013 – 2024, (Units) (USD Million)

4.3    Side by side vehicles

4.3.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.3.2    Market estimates and forecast, by states, 2013 – 2024, (Units) (USD Million)

4.4    Off—road motorcycles

4.4.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.4.2    Market estimates and forecast, by states, 2013 – 2024, (Units) (USD Million)

4.5    Snowmobiles

4.5.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

4.5.2    Market estimates and forecast, by states, 2013 – 2024, (Units) (USD Million)

Chapter 5    U.S. Off-Road Vehicles Market, By Application

5.1    U.S. off road vehicles market share by application, 2017 & 2024

5.2    Utility

5.2.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

5.2.2    Market estimates and forecast, by states, 2013 – 2024, (Units) (USD Million)

5.3    Sports

5.3.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

5.3.2    Market estimates and forecast, by state, 2013 – 2024, (Units) (USD Million)

5.4    Recreation

5.4.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

5.4.2    Market estimates and forecast, by state, 2013 – 2024, (Units) (USD Million)

5.5    Military

5.5.1    Market estimates and forecast, 2013 – 2024, (Units) (USD Million)

5.5.2    Market estimates and forecast, by state, 2013 – 2024, (Units) (USD Million)

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The principal factor responsible for the growth of the Asia Pacific automotive aftermarket industry from Vietnam is the rapid upsurge in automobile sales in the region. According to a prediction made by the Industrial Policies Strategies Institute under the Ministry of Trade and Industry, on the basis of the regional populace, income per head and the average number of automobiles per 1,000 people, the automobile industry in Vietnam is anticipated to hit 800,000 units by 2025 and close to 1.85 million units by 2035. This would in consequence, majorly pave the way for Vietnam to emerge as the next lucrative investment ground for Asia Pacific automotive aftermarket.

The Asia Pacific automotive aftermarket is projected to amass substantial gains from the country of Vietnam. Competing against the established regional behemoths like China, Japan, and South Korea, this Southeast Asia economy in recent times has emerged as one of the most remunerative geographical verticals of the Asia Pacific automotive aftermarket.

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Another factor that has been helping Vietnam contribute to the Asia Pacific automotive aftermarket is the rising purchase parity of the nation on account of the changing dynamics of economic growth across the continent. Powered by the increasing spending power of citizens and the rapidly expanding regional automotive industry, Vietnam automotive aftermarket is anticipated to register a CAGR of 9% over 2018-2024.

In line with Vietnam’s ambitious strategy to carve out a profitable growth path for the nation’s automobile industry, the formation of an auto manufacturing center in the vital central economic region is being visualized presently. The proposed Kim Long Motors Hue complex is slated to be set up in the Chan May-Lang Co Economic Zone to not only utilize the port and logistical advantage of the province but also to attract more investors to the local mechanical and spare parts industries in the times to come.

Industry analysts believe that the new auto manufacturing complex and the increasing automobile sales would open up unprecedented opportunities for the major firms operating in the Asia Pacific automotive aftermarket and position Vietnam as a significant contributor toward the burgeoning automotive industry in the region. In fact, according to a research report put together by Global Market Insights, Inc., Vietnam automotive aftermarket is forecast to expand at an annual growth rate of more than 9 percent over the estimated time frame.

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With the dynamically surging demand for advanced modifications in cars in economies such as India, China, and Japan, the commercialization potential of the Asia Pacific automotive aftermarket industry is anticipated to surge majorly over 2018-2024. Powered by the ever-increasing requirement of advanced replacement parts and the dynamic expansion of the regional automotive market, the APAC automotive aftermarket industry is slated to traverse alongside a highly profitable growth path in the years ahead.

Table of Contents (ToC) of the report:

Chapter 3    Asia Pacific Automotive Aftermarket Industry Insights

3.1 Industry segmentation

3.2 Industry landscape, 2013- 2024

3.3 Industry ecosystem analysis

3.3.1  Parts Manufacturer

3.3.2  Distributors

3.3.3  Workshops

3.3.4  Distribution channel analysis

3.3.5  Profit margin trends

3.3.6  Vendor matrix

3.4 Technological & innovation landscape

3.5 Regulatory landscape

3.5.1   China

3.5.1.1    New regulatory framework on auto distribution and aftermarket

3.5.2  India

3.5.3  Japan

3.5.3.1    Japan Automotive Products Association (JAPA)

3.6 Global automotive industry overview,2017

3.6.1  Major automotive trends

3.6.2  Advantages of manufacturing

3.6.2.1    OEM versus aftermarket

3.6.2.2    Opportunities

3.6.2.2.1    Rising e-commerce spending

3.6.2.2.2    Increasing vehicle age

3.6.2.2.3    Smaller vehicles

3.6.2.3    Service market overview

3.6.3   Vehicle parc (on road) statistics

3.6.3.1    Historic data, 2010 – 2017

3.6.3.2    Estimated & forecasted data, 2018 – 2025

3.6.4   Collision statistics, by country, 2010-2016

3.6.5   Insurance landscape, by region

3.6.5.1    North America

3.6.5.2    Europe

3.6.5.3    Asia Pacific

3.6.5.4    Latin America

3.6.5.5    MEA

3.7 Industry impact forces

3.7.1   Growth drivers

3.7.1.1    Implementation of brick & click business model

3.7.1.2    Sales of new and used vehicles

3.7.1.3    Rising replacement part demand

3.7.2   Industry pitfalls & challenges

3.7.2.1    New OEM fittings and extended warranty periods on several auto parts

3.7.2.1    Proliferation of counterfeit parts

3.8 Growth potential analysis, 2017

3.9 Porter’s analysis

3.10.. Competitive landscape, 2017

3.10.1     Company market share analysis, 2017

3.10.2     Company performance analysis, 2017

3.11.. Key stake holders

3.12.. Strategy dashboard

3.13.. PESTEL analysis

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As a consequence, long distance traveling automobiles are set to apportion a major revenue share of the overall fuel cell electric vehicle market by 2025. In the recent times, it has been observed that the leading fuel cell electric vehicle industry players are being benefitted immensely from the noteworthy increase in consumer preference for fuel cell-powered vehicles over battery-powered ones. Apparently, the major advantage of fuel cell-powered vehicles is that they can be charged in lesser time duration than the vehicles running on batteries.

Citing an instance to highlight the same, one of the foremost fuel cell electric vehicle market players, Ford Motor Company has recently announced that it would amplify its current investment in electric vehicle manufacturing by over two times, taking the figure to a staggering USD 11 billion. Moreover, a range of other dominant fuel cell electric vehicle industry giants including Toyota, General Motors, and Volkswagen have already carved out aggressive plans to manufacture more such vehicles in the next few years. Apparently, the aforementioned declarations undoubtedly showcase a favorable progression path of the worldwide fuel cell electric vehicle market.

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Rising demand for curbing carbon emission levels for improving air quality is positively influencing the fuel cell electric vehicle market share. Increasing environmental concerns pertaining to vehicle emissions are leading to the higher adoption of fuel cell electric vehicles. Shifting preference for deploying advanced technologies in heavy-duty freight trucks for delivering efficient vehicle performance will further boost the product penetration. For instance, in November 2018, Nikola Corporation launched hydrogen powered electric truck incorporating 120 kW hydrogen fuel cell offering superior fuel economy.

Increasing consumer spending and higher mobility requirements are escalating the hydrogen powered vehicles demand. Rapid urbanization coupled with proliferating construction activities are providing potential opportunities for the adoption of environment friendly vehicles. A lucrative growth in the economic conditions and high living standards are supporting the fuel cell electric vehicle market growth over the projected timeframe.

Meanwhile, it would be prudent to take note of the major factors that are likely to hamper the market size progression over the next few years. Establishing a robust network of fueling stations has always been a matter of contention across the globe as it requires a substantial amount of investments. Taking this shortcoming into consideration, the renowned fuel cell electric vehicle market player General Motors Company has recently unveiled a new fuel cell platform, christened as Silent Utility Rover Universal Superstructure (SURUS), which has reportedly been designed for variegated vehicle models. The latest platform is being described as a significant development considering the use of microgrids in military applications.

Europe fuel cell electric vehicle market will witness significant growth owing to supportive government projects for developing zero emission fuel cell vehicles and installation of hydrogen refueling stations. Projects such as Clean Hydrogen in European Cities (CHIC) and Joint Initiative for hydrogen Vehicles (JIVE) are striving for commercialization of fuel cell electric buses, further augmenting the regional demand for fuel cell electric vehicles. Easier availability of e-bikes offering ease of operation in high traffic areas is strengthening the industry size over the study timeframe.

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The fuel cell electric vehicle market is highly competitive owing to the presence of major fuel cell electric vehicle manufacturers including Volkswagen, Toyota Motor Corporation, Audi AG, SAIC Motor Corporation Limited, Hyundai Motor Group and Honda Motor Co. Ltd. Major industry players are engaged in manufacturing reliable and advanced fuel cell systems including Plug Power Inc., Nuvera Fuel Cells LLC., US Hybrid, Dana Limited, Ballard Power Systems, Hydrogenics, Meritor, Inc. and Sunrise Power.

Glimpse of Table of Content (ToC)

Chapter 4 Fuel cell electric vehicle Market, By Vehicle

4.1 Global fuel cell electric vehicle market share by vehicle, 2018 & 2025

4.2 Heavy duty vehicle

4.2.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.2.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.3 Agriculture

4.3.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.3.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.4 Buses

4.4.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.4.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.5 Port Vehicles/Container Handling or Transport

4.5.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.5.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.6 Automotive

4.6.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.6.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.7 Class 8/Long Haul

4.7.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.7.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

4.8 Others

4.8.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

4.8.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

Chapter 5 Fuel cell electric vehicle Market, By Distance

5.1 Global fuel cell electric vehicle market share by distance, 2018 & 2025

5.2 Short

5.2.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

5.2.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

5.3 Long

5.3.1 Market estimates and forecast, 2013 – 2025, (Units) (USD Million)

5.3.2 Market estimates and forecast, by region, 2013 – 2025, (Units) (USD Million)

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