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The automotive MEMS sensors market is anticipated to secure a valuation of US$ 3.9 billion in 2023 and is predicted to reach US$ 14 billion by 2033. The market is estimated to capture a CAGR of 13.7% during the forecast period. 

 

How the Top Countries Surge the Automotive MEMS Sensors Market?

The top countries are surging the global market through various strategies and factors. Here are several ways these countries contribute to global market growth.

• The United States:The United States is driving the market through its technological advancements and strong automotive industry. The country dominates the global market by collaborating with sensor manufacturers and automotive OEMs. The country is driving by developing advanced driver assistance systems and electric vehicles. Additionally, government initiatives, plans, and environmental policies contribute to market growth.

 

• Germany: Germany is a key player in the market due to its advanced automotive industry. German automakers, manufacturers, and suppliers integrate advanced MEMS sensors into vehicles to enhance safety, performance, and efficiency. The country has advanced manufacturing techniques, and strong research and development capabilities drive the market size further.

 For more info@ https://www.futuremarketinsights.com/reports/automotive-mems-sensor-market 

• Japan:Japan plays a significant role in the market through its strong automotive industry, technological innovation, and focus on quality and reliability. Sensor manufacturers in Japan collaborate closely with automotive OEMs and develop tailored sensor solutions for advanced technologies. Further, Japan's commitment to technological advancements and miniaturization capabilities also contributes to market growth.

 

• China:China's booming automotive industry and growing consumer demand for advanced vehicles drive the market. Automakers in China increasingly integrate MEMS sensors into their vehicles to meet safety regulations and enhance performance. Additionally, the government of China’s push for electric vehicle adoption, and the development of smart transportation infrastructure fuel the demand for MEMS sensors.

 

• South Korea: South Korea significantly contributes to the market through its renowned electronics and automotive industries. Companies in Korea are involved in developing and producing MEMS sensors for automotive applications. The country's focus on advanced technologies, such as connected cars, drives the demand for MEMS sensors in the automotive sector.

 

• France: France has a strong presence in the market due to its automotive manufacturing industry and expertise in sensor technologies. French companies develop and supply MEMS sensors for various automotive applications, including safety, environmental sensing, and vehicle dynamics. France's commitment to sustainable transportation and government support for research & development also contribute to market growth.

These countries leverage their automotive manufacturing capabilities, technological expertise, collaborations with OEMs, government support, and market demand for advanced automotive technologies to surge the automobile MEMS sensors market. The strategies and factors driving growth may vary based on each country's strengths and industry focus.

How are Key Players Adding Value in the Global Market?

The market is highly consolidated by several prominent players globally. They are adopting strategic innovations and collaborations to upsurge the global market. They are focused on developing unique and advanced products to satisfy end users' demands.

The global railway after-cooler market is projected to have a high-paced CAGR of 5.4% during the forecast period. The current valuation of the railway after-cooler market is US$ 1,032.2 Million in 2023. The value of the railway after-cooler market is anticipated to reach a high of US$ 1,746.5 Million by the year 2033.

The locomotive industry is experiencing the most potentially disruptive decade, and strict government regulations covering carbon emission reductions and advances in fuel efficiency are putting enormous pressure on manufacturers. This is the main factor driving the sales of railway after-coolers, which is likely to increase. Locomotive production in developing nations is predicted to be greater than in industrialized economies. This is mostly due to rising urbanization and stable economic circumstances in these areas.

Read more: https://www.futuremarketinsights.com/reports/railway-after-cooler-market 

During the projection period, the fleet on the railroads is also predicted to increase at a moderate rate, creating significant prospects for development in the railway after-cooler aftermarket. The trend of urbanization is increasing at an exponential rate, resulting in an increase in the average income of the urban population and the ability to improve their lifestyles.

Furthermore, increased demand for modern locomotives is forcing manufacturers to boost the production of commercial trains, creating considerable potential for the global railway after-cooler market size. Engine downsizing is a developing trend in the railway industry as manufacturers strive to reduce fuel consumption and increase vehicle economy. A railway aftercooler's principal purpose is to increase engine combustion efficiency. This, in turn, makes it a marketable product. Clients are increasingly adopting public transportation, such as high-speed trains and metros, to commute and avoid traffic congestion.

Furthermore, the rolling stock industry's need for dynamic and rapid transit systems is driving the market. For remote diagnostics, asset planning, and long-distance tracking, developing countries rely largely on effective asset and fleet management systems. Furthermore, automation and internet of things (IoT) technology are being used in railway systems is favorably influencing the railway after-cooler market growth.

However, consumers in wealthy nations across Europe and North America are opting for electric trains due to increased environmental consciousness and volatility in fuel prices. Because a railway after-cooler is not employed in electric trains, the global railway after-cooler market growth is hampered.

Key Takeaways:

• During the forecast period, Asia Pacific is expected to account for the largest share of the global railway after-cooler market. The market in this region is expected to rise, which is attributable to the improving living standards of the major population as a result of Asia Pacific's fast-developing industrial sector and increasing urbanization are important contributors to the region's rising railway output.
• The railway after-cooler market in North America is predicted to develop rapidly, particularly in the U.S., which has generated a CAGR of 19% during the projected period. This is owing to engine development which has emerged from the ongoing drive to reduce fuel consumption and exhaust emissions.
• Owing to the simplicity of design, cheap cost, lightweight, ease of usage, and enhanced reliability, the "air-cooled charge air cooler" product type is expected to hold the greatest revenue through the forecast period.
• Increased demand for automotive charge air coolers in mid-priced vehicles, as well as the ease with which air cooler systems may be deployed, makes the "OEM" sales channel type likely to account for a significant share and is the most preferred sales channel type.

Competitive Landscape:

Owing to the existence of both international and local players, the global railway after-cooler market is fragmented. A vast number of manufacturers have a significant market share in their respective regions. Organic developments, such as product releases and approvals, are often highly adopted by key companies. For instance, in May 2017, Dana developed a technically superior heat exchanger for inductive air systems for FCA's 2018 Dodge Challenger SRT Demon. These factors are estimated to expand the global railway after-cooler market size. The following companies are key leaders in the global market for railway after-cooler.

The global Automotive Connectivity Market is projected to register at a moderate-paced CAGR of 19% over the forecast period. The automotive connectivity market is currently valued at US$ 33.42 Billion in 2023. By 2033, demand for automotive connectivity is expected to reach a high of US$ 190.29 Billion.

The demand for automotive connectivity is anticipated to rise as a result of factors like the introduction of strict safety standards, the rising popularity of high-end luxury vehicles, the advent of 5G infrastructure, autonomous vehicles, and the increasing prevalence of integrated connectivity.

Read more: https://www.futuremarketinsights.com/reports/automotive-connectivity-market 

Connected Car Industry is headed by the Installation of Cybersecurity Systems

One important automotive connectivity market trend is the increasing incorporation of cybersecurity solutions into automotive safety systems. Data has emerged as an increasingly important part of the automotive sector in recent years. When driving a "connected" vehicle, the user's smartphone is integrated with the car's infotainment system. There is a significant chance that the user's data, which may include personal and financial data, will be compromised. Google and Apple, two of the biggest names in tech, are working on cybersecurity software for cars to stop data theft. These apps are simple to use, keep tabs on the safety of the car, and alert the owner if an unauthorized person attempts to access the system from another device. For instance, DENSO collaborated with Dellfer on the creation of the ZeroDayGaurd 1.0 cybersecurity solution for the automotive industry.

Key Takeaways

• Market analysts believe that the driver assistance subsector would grow at the highest rate during the next few years.
• During the foreseen time frame, the 5G sub segment is expected to generate the most revenue. In order to improve the connectivity between vehicles and external devices, several telecommunications firms are working on the next-generation 5G networks.
• The automotive connectivity market is predicted to improve as a result of a rise in demand for lightweight suspension systems and the development of innovative suspension systems.
• Automotive manufacturer partnerships that showcase the benefits of connected parking are likely to accelerate its widespread adoption.

Competitive Landscape

Continental AG, Robert Bosch GmbH, Harman International Industries, Inc., DENSO Corporation, Airbiquity Inc., and Visteon Corporation are the most prominent players in the automotive connectivity market. Over the projection period, the connected features of automobiles are expected to become commonplace in emerging markets like China, India, etc., where original equipment manufacturers (OEMs) have begun including such technologies in their newest models.

Recent Developments in the automotive connectivity market include:

The London Electric Vehicle Company (LEVC) and Geotab, the industry leader in the Internet of Things and linked transportation, announced a new agreement in May 2022 to equip LEVC's electric TX taxi and VN5 van with cutting-edge fleet management technology.

The global diagnostic tools for EVs market is expected to rise at a sturdy growth rate of 12.8% during the forecast years as per a report by FMI. The overall market valuation of total sales of diagnostic tools for EVs in 2022 was US$ 1,437 million which is further projected to reach US$ 5,401.6 million by 2033.

EV sales have seen a significant rise giving impetus to the requirement for other related products and services for its advancement, over the last few years. Furthermore, tremendous progress has been made in the electric vehicle repair and maintenance business creating a huge opportunity for the market.

For more info: https://www.futuremarketinsights.com/reports/diagnostic-tools-for-evs-market 

Key Takeaways

• As per the market estimate figures, the United States is the leading region in providing diagnostic tools for EVs. In the year 2022, the total revenue generated by the companies of diagnostic tools for EVs operating in the country was nearly US$ 184 million.
• In Europe, Germany has remained the leading market for electric vehicles and tools and other products and services associated with EVs. Currently, the net worth of the total sales of diagnostic tools for EVs achieved by Germany is estimated to be around 8.9% of the global market.
• Interestingly, the United Kingdom has witnessed higher demand for diagnostic tools for EVs than any other country in the European Union in recent years. As per the market statistics, this country is anticipated to witness an overall annual growth rate of 12.4% during the time period between 2023 and 2033.
• China is projected to lead the manufacturing and sales of diagnostic tools for EVs in the Asia Pacific region. By the virtue of having a high manufacturing base, it is projected to develop its diagnostic tools for the EVs market at a rate of 10.1% over the next ten years.
• Japan is also a key market for the production and export of diagnostic tools for EVs, its annual growth rate in this sector would remain lower than that of China. In the previous year, the total valuation of this market in Japan was US$ 22.5 million which is further projected to reach US$ 76 million by 2033.
• Australia is emerging as a key region with demand for diagnostic tools for EVs gaining traction over the recent years. For the present year 2023, the net worth of the total diagnostic tools for EVs sales in the country is estimated to be around US$ 13 million and it would reach up to US$ 43.5 million by 2033.
• Contrastingly, India is observed to be having a year-on-year growth rate for sales of diagnostic tools for EVs higher than any other country. In comparison to the CAGR of other countries, the demand for diagnostic tools for EVs in India is poised to register a CAGR of 14.2% through the forecast years.
• In terms of value, the hardware segment of the market generates higher revenue in comparison to software and services. As per the diagnostic tools for EVs market report, this segment contributed 68.3% of the total revenue generated by the market in 2022.

Competitive Landscape for the Diagnostic Tools for EVs Market

Actia Group SA, Autel Intelligent Technology Corp., Ltd., AVL List GmbH, BMW AG, Bosch Automotive Service Solutions Inc., Continental AG, Daimler AG, Delphi Automotive Plc, Denso Corporation, Fluke Corporation are prominent players in the global diagnostic tools for EVs market.

The global diagnostic tool for electric vehicles market looks to be fragmented and competitive, with both regional and global participants advancing at a constant rate.

The global battery technology market is likely to secure a valuation of US$ 113.5 billion in 2024, with a CAGR of 8.2% during the forecast period. The global market is expected to surpass US$ 250 billion by 2034.

Focus on consumer requirements and minimizing the necessity of critical minerals is gaining traction among the manufacturers. Moreover, developing an intelligent solution to reduce carbon footprint drives its adoption globally. For instance, Stellantis, an Amsterdam-based provider of innovative mobility solutions, signed an agreement with CATL in 2023. Under the agreement, CATL will source LPA battery cells and modules for its electric vehicles.

Read more: https://www.futuremarketinsights.com/reports/battery-technology-market 

Advancements in medical instruments and wearable devices to monitor patients' health have increased the demand for battery technology. Similarly, electronic toys and consumer goods like smartbands are widely expanding the adoption of battery technology.

Manufacturers integrate advanced technologies to enhance work efficiency with better charging solutions, driving market growth. Focus on green solutions, eco-friendly devices, and recyclable approaches are gaining vast market revenue to reduce carbon footprints. Strategic plans for developing intelligent wearable technologies that can convert solar energy into power create opportunities for market players.

Key manufacturers are bringing new technologies to increase global market revenue through their improved product portfolio. Increasing consumer demand for reliable, fast, and energy-efficient devices is raising the adoption of battery technology. Manufacturers are making crucial and valuable products integrating primary and secondary battery technologies, which are booming market revenue.

"Rising wireless devices in transportation and healthcare are crucial in boosting the global market. Technology-based companies are researching ambient energy harvesting and sensing solutions for wireless devices. These breakthroughs in wearable and touchable devices will change the face of battery technology," - says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) 

Request our market overview sample:
https://www.futuremarketinsights.com/reports/sample/rep-gb-18435

Key Takeaways:

• The battery technology market is registering a CAGR of 8.2% between 2024 and 2034.
• The United States is expected to register a CAGR of 8.3% by dominating the global market by 2034.
• Japan is anticipated to capture a CAGR of 3.1% of the global market during the forecast period.
• South Korea is anticipated to register a CAGR of 8.4% in the global market by 2034.
• China significantly drives the global market with a CAGR of 8.5%.
• With a CAGR of 8.7%, the United Kingdom is rapidly advancing globally.
• The automotive category is estimated to lead the global market during the forecast period.

The Zinc-Air Batteries Market is poised for substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 5.7% over the forecast period from 2023 to 2033. The market size for zinc-air batteries is predicted to experience significant expansion, expected to increase from US$ 2.0 Billion in 2023 to reach US$ 3.5 Billion by 2033. As the world embraces the power of renewable energy sources and eco-friendly practices, these cutting-edge batteries are leading the charge toward a green future. Imagine a world where energy storage is not just efficient but also kind to the environment and where power is harnessed from zinc and oxygen reactions, leaving behind no harmful emissions. Read more: https://www.futuremarketinsights.com/reports/zinc-air-batteries-market With the advent of energy storage technology, we are witnessing a transformative shift toward sustainable ways of powering our lives. The zinc-air fuel cell batteries are at the forefront of this revolution, offering a resilient and ingenious solution to store and convert energy like never before. The potential of these batteries goes beyond their green credentials. They boast an extended lifespan, promising a lasting impact on our energy landscape. Moreover, their scalability empowers us to meet the surging energy demands of our dynamic world while ensuring a stable and reliable power supply. Rechargeable Batteries Leading the Charge in Zinc-Air Batteries Market Rechargeable batteries are emerging as the top choice in the zinc-air batteries market, driven by their numerous advantages over traditional non-rechargeable counterparts. With a projected CAGR of 5.5% over the analysis period, these batteries offer superior environmental friendliness, as they can be reused multiple times, reducing battery waste and promoting sustainability. Small Devices Thriving with Zinc-Air Batteries Small devices, such as hearing aids and miniature sensors, are prominent applications in the zinc-air batteries market, showcasing a projected CAGR of 5.2% during the analysis period. Zinc-air batteries' lightweight nature and high energy density make them ideal for powering these compact devices. Regional Performance in the Zinc-Air Batteries Market The United States zinc-air batteries market is poised for substantial growth by 2033, with an estimated market size of US$ 674 million. The demand for portable and reliable power sources in industries like medical devices, IoT applications, and consumer electronics drives this growth. The United Kingdom is also performing well in the global market, experiencing notable absolute dollar growth of US$ 56.6 million and maintaining steady growth with a CAGR of 5.4% from 2023 to 2033. Further, the increasing adoption of zinc-air batteries in various sectors and the country's focus on sustainable energy solutions and environment-friendly technologies contribute to its market success. Gain expert insights and supercharge your growth strategies. Request our market overview sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-17809 China is a leading region in the global zinc-air batteries industry, with a strong historical CAGR of 6.8% and a projected CAGR of 5.6% from 2023 to 2033. The country's massive population, rapid urbanization, and commitment to renewable energy sources make zinc-air batteries attractive. Innovations in the Zinc-Air Batteries Market Zinc8 Energy Solutions Inc. announced the expansion of its zinc-air battery production plant in the United States market in September 2022. This development is intended to broaden the battery's product offering. Form Energy, a Boston-based firm, created a breakthrough low-cost, long-duration rechargeable iron-air battery that can produce energy for 100 hours at system prices and costs less than one-tenth the cost of a lithium-ion battery in July 2021.

In 2023, the Automotive Fuel Gauge Sending unit market is expected to be worth US$ 3,242.2 million. The market is expected to reach US$ 4,441.8 million by 2033, expanding at a 3.3% CAGR throughout the forecast period. The Automotive Fuel Gauge Sending unit industry is driven by several factors, including the rise in production of vehicles and need of fuel gauges in aftermarket.

The Automotive Fuel Gauge Sending unit market is expected to grow in the coming years due to a number of factors. One of the key drivers of this growth is the increasing demand for advanced features in fuel level gauges. Like many consumers are now looking for fuel gauges that offer digital displays, low fuel warnings and drive range estimation. These features not only enhance the user experience but they also help to ensure that drivers are able to make informed decisions about their fuel consumption and driving range.

Get more info @ https://www.futuremarketinsights.com/reports/automotive-fuel-gauge-sending-unit-market 

As vehicles powered by alternative fuels like hydrogen, electricity and hybrids enter the market, manufacturers are facing a range of challenges that require them to design fuel gauges that can accurately measure the fuel levels of these alternative fuels. In addition to these challenges the decline in the use of traditional fuels such as petrol and diesel is also anticipated to impact the Automotive Fuel Gauge Sending unit market. As more nations implement policies to reduce their reliance on fossil fuels the demand for fuel gauges for these traditional fuels is likely to decline. This could present a significant challenge for manufacturers who will need to find new ways to remain competitive and innovative in a rapidly changing market.

The rising fuel prices have led to a growing demand for fuel gauges that offer real-time fuel level information to drivers. This is because drivers are now more conscious of their fuel usage and want to be able to monitor their fuel levels in order to optimize their fuel consumption and reduce costs. As a result, manufacturers are increasingly incorporating fuel gauge technologies that offer real-time fuel level measurement and accurate calibration.

As the automotive industry continues to evolve, manufacturers are increasingly turning to advanced sensors for their fuel gauge designs. Capacitive level sensors, ultrasonic sensors and optical sensors are all examples of these advanced sensors which offer a range of benefits over traditional float-based sensors.

Request a Sample of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-17658

Key Takeaways from the Automotive Fuel Gauge Sending unit Market:

• The Automotive Fuel Gauge Sending unit market in the United States is predicted to reach US$ 784.4 million by 2033, increasing at a 3.5% CAGR.
• During the forecast period, the Automotive Fuel Gauge Sending unit market in China is expected to reach a market share of US$ 914.2 million, securing a 3.6% CAGR.
• The Automotive Fuel Gauge Sending unit market in Japan is predicted to reach US$ 312.6 million by 2033, increasing at a 3.2% CAGR.
• With a market share of 22% from 2022 to 2033, the Ultrasonic Fuel gauges is expected to dominate the Automotive Fuel Gauge Sending unit market.
• With a market share of 42% from 2022 to 2033, the Thermostats fuel gauges is expected to dominate the Automotive Fuel Gauge Sending unit market.

The global personal watercraft market is expected to grow at a positive CAGR of 6% and reach a substantial value by 2032. The target market was valued at US$ 1.6 Bn in 2020 and will likely continue to perform well during the forecast period. With the increasing application of personal watercraft in marine and water police forces, the market for the same is projected to grow over the next few years.

Personal watercraft were introduced as models that were equipped with two-stroke engines. However, with ever-changing technology, the personal watercraft of today are empowered with high-tech four-stroke engines. Such personal watercraft boats are in high demand in sports and leisure activities. This exerts a positive influence on the overall market growth.

Read more: https://www.futuremarketinsights.com/reports/personal-watercraft-market 

Again, technological advancements in the personal watercraft sector have resulted in the emergence of quieter and cleaner personal watercraft. In the past decade, these water vessels caused a lot of pollution as they were equipped with two strokes engines. Whereas, owing to the execution of stringent emission regulations coming, personal watercraft are now powered by four-stroke engines which leads to a relatively eco-friendly water vessel.

This aspect is expected to amplify the demand for personal watercraft and foster the growth of the personal watercraft market over the projected period. Furthermore, currently, many of the manufacturers are releasing multi-passenger personal watercraft which are equipped with state-of-the-art features and functions. This will likely underpin the growth of the personal watercraft market over the next few years.

Also, the surge in leisure spending and heightened demand for personal watercraft for sports purposes will facilitate the growth of the personal watercraft market. Further, the growing trend for multi-passenger personal watercraft and other eclectic personal watercraft will also contribute to the growth of the personal watercraft market during the forecast period as more and more manufacturers are focusing on catering to their target consumer base which has shifted to families rather than bachelors.

“Increasing use of personal watercraft in marine security forces as well as for sports and leisure purposes is expected to drive the global growth of the personal watercraft market over the forecast period,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Key Takeaways:

• Strict regulatory measures and high initial costs will hamper the growth of the personal watercraft market.
• Rising adoption of advanced technology along with the emergence of green watercraft will strengthen the market prospects for personal watercraft.
• The strong presence of several original equipment manufacturers propels North America to occupy the dominant position in the global market.
• Increasing tourism will benefit the personal watercraft market in the Asia Pacific region.

Competitive Landscape 

Leading market players are focusing on adopting advanced technologies and expanding their product portfolios to include environmentally-friendly watercraft. These firms also adopt various organic and inorganic business strategies to strengthen their market position.

Kawasaki Motors Corp., Honda Motors. Co., Ltd., Polaris Industries, Jiujiang Poseidon, and Motorboat Manufacturing Co., Ltd., among others are some of the major players in the personal watercraft market profiled in the full version of the report.

More Insights into Personal Watercraft Market

FMI offers an unbiased and comprehensive analysis of the global personal watercraft market in its latest report. With the help of historical data from 2012 to 2020 and forecast statistics for 2022 to 2032, the market is segmented into type, seat capacity, hull type, and region to provide a better understanding of the potential and scope of the target market.

Based on region, the personal watercraft market in North America will present major growth during 2022-2032. The North American personal watercraft market will account for a major portion of the global market share. This growth can be attributed to the escalating demand for personal watercraft in this region as well as to the strong presence of several original equipment manufacturers. Europe’s personal watercraft market will also present notable growth owing to the rising investments in sports and recreation. The soaring tourism activities in China and India will offer multiple opportunities to the personal watercraft market in the Asia Pacific region.

Thus, the global personal watercraft market is primarily fueled by rising demand for personal watercraft and its extensive application in marine security, sports, and leisure activities.

 

 

The global excavators market is anticipated to register considerable growth, exhibiting a CAGR of 5.2% from 2023 to 2033. According to the research report published by FMI, the market is likely to hit a valuation of US$ 74.27 billion in 2023 and US$ 123.30 billion by 2033.

The construction industry is being fueled by the rising urbanization of both developing and developed countries. As a result, there is a growing need for heavy-duty machinery in the construction sector. Excavators are frequently used in small-scale building, agriculture, forestry, and other operations. They are also employed in mining and sewage disposal applications. Many different types of soil can be dug up with excavators. In these applications, excavators are capable of carrying out a wide range of demanding tasks.

Read more: https://www.futuremarketinsights.com/reports/excavators-market 

Excavators are predicted to become more and more in demand as infrastructure projects and smart city construction pick up in countries like China, South Korea, India, and Japan. The expansion of mining operations in China, Vietnam, and Thailand is also anticipated to increase product sales. Asia Pacific’s market growth is projected to be facilitated by the presence of major industry players and their evolving business expansion strategies. Market growth is predicted to be boosted by the increased investments in megaprojects across developing countries.

The introduction of electric excavators and small excavators with cutting-edge technology is anticipated to open up investment potentials in the industry. Furthermore, the electrification of drivetrains to reduce carbon emissions is likely to contribute to product sales. The adoption of automated excavators is likely to augment in the coming years.

Key Takeaways from Excavators Market Report:

• In 2018, the global market size stood at nearly US$ 57.64 billion.
• Asia Pacific held the dominant share with a revenue of more than 41% in 2022. The region is likely to register a CAGR of 5.8% from 2023 to 2033.
• The electric drive type segment is poised to exhibit a CAGR of 14.5% during the forecast period.
• The excavators with up to 250 HP registered a huge market share nearly 70% in 2022. This segment is predicted to exhibit a CAGR of approximately 5.8% from 2023 to 2033.
• The excavators weighing 46 > metric tons captured a massive 35% market share in 2022.
• The wheeled excavator segment accounted for a revenue of nearly 72.6% in 2022.

Recent Development Observed by FMI:

• Tata Hitachi unveiled ZX670H, a new mining excavator, in March 2023. The machine is made in India and is designed to have excellent levels of comfort, safety, and longevity while requiring less maintenance.
• In January 2021, Hyundai Construction Equipment introduced a new line of excavators. The eleven new excavators, which range in class from 8 tonnes to 50 tonnes, are introduced as part of the SMART PLUS series. The new launch aims to improve the company's international positioning.
• In September 2022, Schwing Stetter introduced the two new hydraulic wheel loaders and excavators from XCMG. The business is continuously enhancing its market presence and has aspirations to broaden its reach globally.

Key Players in the Excavators Market Report:      

Atlas Copco, Caterpillar Inc., CNH Global NV, Doosan, Escorts Group, Hitachi Construction Machinery, Hyundai Heavy Industries Ltd, JC Bamford Excavators Ltd., John Deere, Kobelco, Komatsu Ltd., Liebherr-International AG, Manitou Group, Mitsubishi, Sany Heavy Industries Co Ltd., Sumitomo Heavy Industries Ltd, Terex Corporation, Volvo Construction Equipment AB.

The global automotive body in white market is worth US$ 63.5 Billion as of now and is expected to reach US$ 89.4 Billion by the year 2033 at a CAGR of 3.5% between 2023 and 2033.

Industrialization, globalization, and expanded supply chains are into strengthening transportation and logistics sector. Plus, there is an increase in the usage of lightweight materials in automobiles for improving fuel efficiency. These factors are expected to take the automotive body in white market going forward.

Automotive body in white is expected to possess higher tensile strength along with resistance against torsional, dynamic, static, and bending forces. As such, high-strength materials are used for producing automotive body in white.

Read more: https://www.futuremarketinsights.com/reports/automotive-body-in-white-market 

At the same time, the fact that automobile companies’ supply chains are more complex can’t be ignored. This factor could restrain the automotive body in white market in the near future.

Future Market Insights has walked through these facts with future prospects in its latest market study entitled ‘Automotive Body in White Market’. It has its indigenous team of analysts and consultants to deploy a bottom-up approach in its primary, secondary, and tertiary modes of research.

“With transportation and logistics sector gaining traction, the global automotive body in white market is expected to grow on a robust note in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Automotive Body in White Market

• The Asia-Pacific is expected to witness maximum growth in the automotive body in white market in the forecast period. China and India dominate the scene. Coming to production, Japan rules the roost and the scenario is expected to remain unchanged even in the forecast period. South Korea and Taiwan are the other torchbearers. China backs on low-cost materials being available. India rides on availability of cheap labor.
• North America holds the largest market share with the US being subject to notable investments in manufacturing automobiles with various cutting-edge features.
• Europe is led by Germany with passenger vehicles’ higher sales in combination with supporting rules for producing and using vehicles. The status quo is expected to remain unchanged even going forward.

Competitive Analysis

• Mercedes-Benz, in January 2021, did give a huge order to KUKA to engineer, build, assemble, and commission numerous body in white manufacturing lines for an influx of Mercedes vehicles all over North America.
• ThyssenKrupp, in March 2021, came up with its business unit called ‘Automotive Body Solutions’; which emphasizes on assembly solutions with creating lightweight body components for the clients in car vertical.
• Magna Cosma Casting, in April 2021, did announce that it was on the verge of spending US$ 31.9 Million for building close to 50K square feet of Battle Creek Factory for creating more manufacturing capacity regarding lightweight automobiles.
• Kirchhoff Automotive GmbH, Benteler International, ThyssenKrupp AG, Voestalpine AG, Martinrea International Inc., Gestamp Automocion, Magna International Inc., CIE Automotive, Autokiniton Global Group, H-One Co., Ltd., JBM Auto, Dura Automotive Systems, Futaba Industrial Co., Ltd., Shiloh Industries, and Multimatic Inc. are a few of the leading businesses operating in the market.