automotive

  Future Market Insights (FMI) has projected the  Motorcycle Suspension System Market  to grow with a CAGR  4.7%  in between 2022 to 2029 reaching a value of  US$ 2,381.6 Mn  by 2029 end. The motorcycle suspension system market is anticipated to register moderate growth during the forecast period owing to the increasing frequency of suspension replacement, growing population, and increased demand for comfort. Motorcycle Suspension System Market​ Key Takeaways ·          Establishing long-standing direct sales-supply agreements with automotive OEMs is a key winning strategy for market participants in the motorcycle suspension system market. ·          A suspension system is one of the few noticeable components and is now gradually turning out to be among the deciding factors while purchasing a motorcycle. ·          Susp...

The global market for automotive gas charged shock absorbers – standing at an approximate valuation of US$ 2.9 Billion in 2021 in terms of revenue sales, is likely to observe a robust annual growth rate over the next few years. Expanding at a CAGR of approximately 5%, the  global automotive gas charged shock absorbers market  is projected to exceed the revenue of US$ 3.4 Billion towards 2022 end. Explaining the market dynamics, a senior research analyst at Future Market Insights, elaborates, “Driver’s safety and driving comfort are the two major factors favouring automotive gas charged shock absorbers demand, globally. An important part of a vehicle’s suspension, automotive gas charged shock absorbers reduces the effect of travelling in rough terrains, by controlling excessive suspension movements providing a much firmer ride. Ride and handling performance of a vehicle will remain the top influencers in consumer buying decisions, with demand being significantly high in reg...

  In recent years, the automobile market has grown significantly in terms of sales, with considerable growth in the luxury cars segment. This is one of the reasons why the global  auto ventilated seats market  is also expected to witness gradual growth during the forecast period. This growth is attributed to increasing demand for luxury cars, increasing disposable incomes, and technological advancements in seat ventilation feature to be offered with mid-size and economy cars. According to the newly published report published by Future Market Insights, “ Auto Ventilated Seats Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2017–2027),”  the global auto ventilated seats market is expected increase from US$ 5,931.50 Mn in 2017 to US$ 10.63 Bn by 2027 end, representing a CAGR of 6.2% from 2017 to 2027. This increasing revenue growth is attributed to continuous adoption of seat comfort features, and increasing number of luxury cars throughout the ...

  According to Future Market Insights (FMI), sales in the  automotive wires  are projected to rise at a  5.9% CAGR  over the assessment period, reaching a valuation of  US$ 9.8 Bn  in 2021. Increasing sales of electric vehicles, along with growing adoption of digital modules in commercial vehicles are expected to propel sales of automotive wires at  5.1% CAGR  in terms of volume. To curb greenhouse emissions, governments in various countries have imposed stringent regulations. In response to this, consumers are preferring fuel-efficient and lightweight vehicles. This has resulted in high demand for aluminum-based automotive wires. Aluminum automotive wires have low surface gravity and are cost-effective. Owing to these benefits, sales of aluminum and aluminum alloy-based automotive wires are projected to remain high in the forthcoming years. Besides this, growing popularity of autonomous and electric vehicles is expected to provide impe...