automotive

  Watertight doors market witnessed sales of nearly 77,570 units by 2021 and is poised to register year on year growth of 6.7% in 2021. As per a study by Future Market Insights (FMI), buoyancy of the global watertight doors market can be attributed to- ·          Optimistic outlook of coastal and marine tourism ·          Surging rate of ocean-based activities ·          Rising focus on ship repair and maintenance ·          Flourishing seaborne transportation and trade Watertight Doors Market Federal initiatives to promote marine safety have worked in favour of high-scale production of marine components, such as watertight doors. For instance, the Government of Canada is introducing additional measures for enhancement of navigation safety and emergency response in the Canadian waters.  The measures were presented in the form of an official announcement and acknowledged as a part of Canada’s ‘Oceans Protection Plan’. On 14 th  June 2018, the U.S. Coast Guard announced two

  Key focus on the development of new technologies, in line with stringent government regulations aimed at emission control, the demand for efficient automotive exhaust manifold systems is estimated to grow at a rather modest rate, in 2019, as indicated by Future Market Insights (FMI) in a recently published market intelligence report. As per the analysis, the  global sales of automotive exhaust manifold systems  is estimated to be valued at US$ 8.6 Billion, by the end of 2019, representing an annual growth rate of approximately 3.5 percent, during the said period. Future Market Insights (FMI) has forecasted the global  automotive exhaust manifold market  to grow with a year on year growth of  3.8%  in 2022 reaching a value of about  US$ 9.7 Bn  by 2022 end. The exhaust manifold is an important part of automotive exhaust systems as it keeps hazardous exhaust fumes out of the vehicle and away from the occupants. The global market is anticipated to witness a considerable CAGR of  3.7%

  Automotive in-wheel motors have recorded a remarkable surge in sales in recent years, influenced by multiple factors ranging from greater driving range per charge to elimination of components such as driving and differential shafts. According to a study of Future Market Insights (FMI),  the automotive in-wheel motors sales will exceed 720 thousand units in 2019 . Affordability of in-wheel motor in terms of power consumption relative to the traditionally employed central drive unit system will continue to uphold its preference by automakers in the near future. Elimination of unnecessary components is one of the primary adoption determinants of automotive in-wheel motors, as they significantly reduce the weight of battery-electric vehicles (BEVs), while crawling up on vehicle electrification and lightweighting trends. BEV accounted for over 7 in 10 automotive in-wheel motors sold worldwide in 2017, according to the study. A key trend influencing BEV-specific in-wheel motor sales is

  Demand for motorcycle chain sprocket , in Asia Pacific, is expected to grow at a steady year-on-year rate of 5.3 percent, in 2019, as per a recently released market intelligence study by  Future Market Insights (FMI) . Motorcycle chain sprocket being the lightest transmission possible compared to gear mechanism, in addition to being highly cost-effective in terms of manufacturing versus gear trains, will significantly contribute to the sales of motorcycle chain sprocket, in the coming years. Moreover, apart from ease of installations and servicing, lightweight feature of the chain sprockets will remain the most rewarding factor, thereby, increasing its installations in motorcycles. FMI forecasts that global motorcycle chain sprocket market revenues will reach approximately US$ 1.9 Billion, by 2019-end. The size of the market is based on estimates of the number of chain sprockets shipped, during the same time period. “The global market for motorcycle chain sprocket continues to gr