Transport Industry Overview

The automotive engine oil market consists of the sale of automotive engine oil by entities (organizations, partnerships, and sole proprietors) that are used to reduce friction between the engine parts and cool down the automotive engine. Automotive engine oil is a type of oil used to lubricate the engine and other internal engine parts of a vehicle. For an engine to run smoothly throughout time, automotive engine oil performs a variety of functions such as lubrication, cleaning, cooling, and so on. The main grades of automotive engine oil are mineral, synthetic, and semi-synthetic. Mineral oil refers to conventional petroleum oil that has been processed to work well throughout a wide temperature range and is suitable for general commuter use. The different engines include gasoline, diesel, and alternative fuels that are operated using various technologies, including premium conventional engine oil, fully synthetic engine oil, synthetic blend engine oil, and higher mileage engine oil. It is used in numerous applications, such as passenger vehicles, LCV, HCV, two-wheelers, and others. The automotive engine oil market research report is one of a series of new reports from The Business Research Company that provides automotive engine oil market statistics, including automotive engine oil industry global market size, regional shares, competitors with an automotive engine oil market share, detailed automotive engine oil market segments, market trends and opportunities, and any further data you may need to thrive in the automotive engine oil industry. This automotive engine oil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global automotive engine oil market size is expected to grow from $38.57 billion in 2021 to $41.07 billion in 2022 at a compound annual growth rate (CAGR) of 6.5%. The global automotive engine oils market size is expected to reach $47.79 billion in 2026 at a CAGR of 3.9%. The increasing demand for carrier vehicles from small and medium scale enterprises is significantly driving the growth of the automotive engine oil market. The carrier vehicles are lightweight commercial vehicles used to carry goods. The production of lightweight commercial vehicles is increasing globally. This incremental increase in the production of light commercial vehicles (carrier vehicles) will invariably increase the demand for automotive engine oil to be used in them. For instance, according to the International Organization of Motor Vehicle Manufacturers, light commercial vehicle production has increased from 11.84 million vehicles in Q1-Q3 of 2020 to 13.72 million vehicles in Q1-Q3 of 2021. Hence, the increasing demand for carrier vehicles is promoting the growth of the automotive engine oil market. Advancements in technology have emerged as the key trend gaining popularity in the automotive engine oil market. Major companies operating in the automotive engine oil sector are focused on bringing advancements in synthetic oil technology to meet consumer demand. For instance, in November 2020, GS Caltex India, a wholly-owned subsidiary of South Korean GS Caltex Corporation, launched a line of BS-VI compatible lubricants and engine oil for the Indian market. The new engine oils sold under the Kixx brand are designed to meet the demanding criteria of the new BS-VI emission standards. These premium engine oils are based on advanced additive technology and are designed to provide great protection and performance in BSVI vehicles-cars and motorcycles. In April 2020, Gulf Petrochem Group, a UAE-based company that works in the oil and gas industry's downstream and midstream segments acquired Grand Petroleum's lubricants business in Nigeria for an undisclosed amount. The acquisition of the lubricant assets will benefit GP's base oil business in Nigeria and West Africa, as well as provide storage for import and distribution. Grand Petroleum is a US-based oil and energy company that manufactures and sells lubrication oils, toll blends, engine oils, and other products. Major players in the automotive engine oil market are Exxon Mobil Corporation, Valvoline Inc., Fuchs Petrolub SE, Castrol, Shell Plc, Chevron Corporation, BP Plc, TotalEnergies SE, Sinopec Group, MOTUL SA, Petroliam Nasional Berhad, Pentagon Lubricants, Eni S.p.A., Hinduja Group, and Saudi Aramco. Asia-Pacific was the largest region in the automotive engine oil market in 2021. The regions covered in the global automotive engine oils market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive engine oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global automotive engine oil market is segmented - 1) By Grade: Mineral, Synthetic, Semi-Synthetic 2) By Engine: Gasoline, Diesel, Alternative Fuel 3) By Technology: Premium Conventional Engine Oil, Full Synthetic Engine Oil, Synthetic Blend Engine Oil, Higher Mileage Engine Oil 4) By Application: Passenger Vehicles, LCV, HCV, Two-Wheelers, Others

The heavy-duty engine market consists of sales of heavy-duty engines by entities (organizations, sole traders, and partnerships) that are used in producing power for heavy engines for many sectors, such as marine, locomotive, and mechanical drive applications and electrical power generation. Heavy-duty engines refer to the engines that are used for heavy-duty vehicles. Heavy-duty vehicles usually have a gross vehicle weight of 10,000 pounds or more, which can be worked only with the help of heavy engines. The main types of heavy-duty engines are class 7 and class 8 vehicles. The class 7 heavy-duty engines are defined as vehicles designed to carry heavy loads. The class 7 vehicles usually have three or more axles, with a gross vehicle weight rating of between 26,001 pounds and 33,000 pounds. The most commonly used class 7 vehicles are garbage trucks, city transit buses, and street sweepers. The various horsepower include below 400hp, 400hp-500hp, 500hp-600hp, and above 600hp. It is employed by numerous end-users in such areas as agriculture, mining, construction, transportation and logistics, and others. The heavy-duty engines market research report is one of a series of new reports from The Business Research Company that provides heavy-duty engine market statistics, including heavy-duty engine industry global market size, regional shares, competitors with a heavy-duty engine market share, detailed heavy-duty engine market segments, market trends and opportunities, and any further data you may need to thrive in the heavy-duty engines industry. This heavy-duty engine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global heavy duty engine market size is expected to grow from $41.99 billion in 2021 to $45.66 billion in 2022 at a compound annual growth rate (CAGR) of 8.7%. The global heavy duty engines market size is expected to grow to $58.76 billion in 2026 at a CAGR of 6.5%. The growing construction industry is expected to propel the growth of the heavy-duty engine market going forward. Construction refers to the process, art, or manner of building some structure. Construction includes residential buildings, institutional and commercial buildings, and specialized industrial construction. Heavy-duty engines are used for preparing concrete mixes for big construction projects along with carrying big loads that make up the structure. For instance, according to Make in India, an initiative by the Indian government to encourage companies to develop and manufacture products that are made in India, the Indian construction and real estate sector is expected to reach US$ 1 trillion by 2030. Also, the construction and real estate sector contribution to India’s GDP is expected to reach 13% by 2025. Therefore, the rising construction industry is driving the growth of the heavy-duty engine market. Technological advancements have emerged as a key trend gaining popularity in the heavy-duty engine market. Major companies operating in the market are introducing technological innovations to sustain their position in the market. For instance, in February 2021, Clear Flame Engine Technologies, a US-based start-up that manufactures heavy-duty engines, launched its net-zero engine technology. With this technology, heavy-duty truck diesel engines can be operated on 100% renewable plant-based fuels. This technology helps in increasing the machine's capacity and makes it environmentally friendly. It also helps in meeting the efficiency and performance requirements of the customer. In July 2021, Traton Group, a Germany-based manufacturer of commercial vehicles, acquired Navistar International Corporation for US $3.7 billion. Traton Group aims at providing sustainable transportation offerings through autonomous driving establishments and electric mobility implementations. Navistar International Corporation is a US-based manufacturer of heavy-duty engines such as trucks and diesel engines. Major players in the heavy duty engines market are Cummins Inc., Caterpillar Inc., Volvo Trucks Corporation, Hino Motors Ltd., Mack Trucks Inc., Perkins, Detroit Diesel Corporation, PACCAR, Isuzu, Komatsu, Kirloskar, John Deere, Ashok Leyland Ltd, and Liebherr. Asia-Pacific was the largest region in the heavy duty engine market in 2021. The regions covered in the global heavy duty engines market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the heavy duty engine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global heavy duty engines market is segmented - 1) By Vehicle Class: Class 7, Class 8 2) By Horsepower: Below 400HP, 400HP - 500HP, 500HP - 600HP, Above 600HP 3) By End-User: Agriculture, Mining, Construction, Transportation and Logistics, Others

Motor Vehicle Parts Market Definition

The motor vehicle parts market consists of sales of motor vehicle parts and related services by entities (organizations, sole traders and partnerships) that produce gasoline engines and engine parts, electrical and electronic equipment, integrated circuits (ICs), controller and associated electronic components for electric vehicles, steering and suspension components, brake systems, transmission and powertrain parts, seating and interior trim, metal stampings, and other parts and accessories for the motor vehicle industry. Motor vehicle parts consists of all types of components that make up an automotive vehicle (be it a passenger car or commercial vehicle, and enable it to operate, such as the powertrain, that powers the vehicle (and thus includes the engine, transmission, and driveline elements, the chassis, electrical and electronic systems, the braking systems, or seating, windows, or other parts.

Connected Cars Market Definition

The connected cars market consists of sales of connected cars by entities (organizations, sole traders and partnerships) that manufacture and sell connected cars to the end users or customers. Connected cars are cars empowered with internet access and/or local area network (LAN) which helps to communicate with other vehicles or help with the navigation and easy access of the vehicle. These cars have a wide range of sensors that transmit and receive signals to and from the manufacturer and other service providers, to enhance the consumer experience in real time interaction with the vehicle. These cars onboard hardware can be connected with smartphones or other mobile phones, allowing the driver to remotely monitor the performance of the car. A connected car can assist with a wide range of potentially useful functions. For example, the car’s satellite navigation (sat-nav) system may have a traffic monitoring feature that can alert the driver and passengers if there is a hold-up on your route and offer an alternative route to avoid it. The driver can also use a smartphone application to perform functions such as starting the car’s engine remotely, prior to leaving to ensure that the windows are frost-free, and the interior is at the required temperature before departure. Users can also remotely lock the car or activate headlights and/or sound the horn to locate the parked vehicle.

Electric Commercial Vehicles Market Definition

The commercial electric vehicles market consists of sales of commercial electric vehicles by entities (organizations, sole traders and partnerships) that manufacture and sell electrical commercial vehicles to the end users or customers. Electric commercial vehicles, also known as, commercial electrical vehicles, are fully or partially powered by electricity instead of diesel or gasoline. Electric commercial vehicles include buses, vans, trucks, and pick-up trucks. The energy to drive them comes from an on-board battery, this battery is rechargeable from the power grid. Hybrid electric vehicles are driven by an internal combustion engine in conjunction with one or more electric motors that use energy stored in batteries. The companies in this industry produce these electric vehicles for commercial purposes, sell and distribute them to the end users.

The OTR tires market consists of the sales of OTR Tires by entities (manufacturers, sole traders, and partnerships) that are used for heavy-duty vehicles such as rigid dump trucks, loaders, reach stackers, various other types of specialty vehicles in ports, construction sites, and surface or underground mining. OTR Tire market caters to the needs of industries and establishments such as agriculture, mining, and quarrying, construction. These are designed for vehicles that frequently travel on difficult terrain, the tires are used to support large amounts of weight to guide the vehicles through challenging conditions. The main types of OTR tires are radial tires, bias tires, and solid tires. The radial tires are the tires where the plies start and radially run from bead to bead around the tire. Steel belts in radial tires run at a 90-degree angle to the tread line. It permits the tire's sidewall and treads to work separately. The various processes involved are Pre-cure and mold cure. The different vehicle types include loaders, dump trucks, graders, cranes, dumpers, tractors, and forklifts and involve various sales channels such as original equipment manufacturers, and aftermarket. The numerous end-users include construction and mining, industrial, agricultural, and others. The OTR tires market research report is one of a series of new reports from The Business Research Company that provides OTR tires market statistics, including OTR tires industry global market size, regional shares, competitors with a OTR tires market share, detailed OTR tires market segments, market trends and opportunities, and any further data you may need to thrive in the OTR tires industry. This OTR tires market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global OTR tires market size is expected to grow from $13.14 billion in 2021 to $14.62 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. The global OTR tyres market size is expected to grow to $20.17 billion in 2026 at a CAGR of 8.4%. The use of agricultural machines in day-to-day activity is expected to propel the growth of the OTR tires market going forward. Agricultural machines are the machines that are used in agriculture for farming purposes. Due to higher labor costs, a shift towards automation has increased the use of machine-hours in agriculture which has led to the increased use of agricultural tractors and machinery. The growing adoption of OTR tire-based tractors and loaders in agricultural farms is positively influencing the OTR tires market. For instance, according to the survey conducted by economic times, an India-based daily newspaper company, the domestic sales for tractors for the year 2021 stood at 9 lakhs and the export of 1,00,000 units of tractors was done in India. This had increased tractor sales from 5% to 6%. And it is expected to sell 950,000 domestic units in 2022. Therefore, the use of agricultural machinery in day-to-day activity drives the OTR tires market. The new product innovations have emerged as a key trend gaining popularity in the OTR tires market. Product innovations including tires that provide improved tread wear and increased comfort to the driver are gaining popularity in the market. For instance, in March 2021, Goodyear, a US-based manufacturer of tires and rubber launched the new EV-4M Port Handler with a focus on improved tread wear to help increase efficiency. The new tire features a high-strength bead bundle, sidewall inserts, a stronger wedge, and a durable casing. Improved treadwear, durability, comfort, and stability, as well as higher efficiency and operational efficiency, are all benefits of these tires. In March 2019, Michelin, a French-based company that manufactures tires and other rubber products acquired PT Multistrada Arah Sarana TBK (“Multistrada”) for $545 million. With this acquisition, Michelin will increase the growth opportunities in the market and enters the Indonesian market. This helps the company access competitive and high-quality production capacity without having to build new manufacturing facilities. PT Multistrada Arah Sarana Tbk is an Indonesia-based company that manufactures rubber tires. Major players in the OTR tires market are Yokohama Rubber Company, JK Tyre & Industries Ltd, Goodyear Tire and Rubber Company, Michelin, Pirelli, Continental AG, Bridgestone, Sumitomo, MRF, Apollo Tyres Ltd., Kumho Tire, Prometeon Tyre Group S.R.L., Hankook Tyre Co. Ltd., Metro Exporters Private Limited, and CEAT Ltd. Asia pacific was the largest region in the OTR tire market in 2021. North America is expected to be the fastest-growing region in the global OTR tires market during the forecast period. The regions covered in the global OTR tyres market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the global OTR tires market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global OTR tyre market is segmented - 1) By Type: Radial Tires, Bias Tires, Solid Tires, Others 2) By Process: Pre-Cure, Mold Cure 3) By Vehicle Type: Loaders, Dump Truck, Graders, Cranes, Dumpers, Tractors, Forklifts 4) By Sales Channel: Original Equipment Manufacturer, Aftermarket 5) By End-User: Construction and Mining, Industrial, Agricultural, Others

The automotive logistics market consists of sales of automotive logistic services by entities (organizations, sole traders, and partnerships) that refer to a set of activities conducted for the smooth transportation of automotive spare parts and finished vehicles. Automotive logistics consists of inbound procurement, outsourcing & distribution of spare parts, and transportation of finished vehicles domestically or internationally. The complexity of the supply chain of automotive logistics requires process planning to achieve maximum efficiency in manufacturing. The main types of automotive logistics are outsourcing, and insourcing. Automotive outsourcing logistics companies provide third-party services such as contract logistics, warehousing, and domestic transportation to achieve maximum efficiency in the transportation and manufacturing process. The various activities involve warehousing & handling, transportation & handling that are divided by mode of transport into roadways, airways, railway, and maritime. The numerous services provided are transportation, warehousing, packaging processes, integrated service, and reverse logistics that are distributed across domestic, and international channels. The automotive logistics market research report is one of a series of new reports from The Business Research Company that provides automotive logistic market statistics, including automotive logistics industry global market size, regional shares, competitors with a automotive logistics market share, detailed automotive logistic market segments, market trends and opportunities, and any further data you may need to thrive in the automotive logistics industry. This automotive logistics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global automotive logistics market size is expected to grow from $223.68 billion in 2021 to $247.12 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The global automotive logistics market size is expected to grow to $330.86 billion in 2026 at a CAGR of 7.6%. The increasing efficiency in finished vehicle logistics is expected to propel the growth of the automotive logistics market going forward. Finished vehicle logistics, refers to a series of stages and processes through which cars get safely delivered to the end customers. This process consists of transportation or delivery of vehicles from the manufacturer to the customers domestically or internationally. Finished vehicle logistics is used by the automotive industry for the safer delivery of cars as a result due to increase in efficiency in finished vehicle logistics will increase the demand for automotive logistics. For instance, in December 2021 according to Economic Times Auto, an India-based article, India's intercity road logistics spending reached USD 209 billion in 2021, with an annual compounding growth rate of 8%. Therefore, the increasing efficiency in finished vehicle logistics is driving the growth of the automotive logistics market. New product innovations have emerged as the new trend gaining popularity in the automotive logistics market. Major companies operating in the automotive logistics sector are focused on developing innovative products to sustain their position in the market. For instance, In March 2021 Tata motors, an India-based company that manufactures automobile logistic trucks launched Ultra Sleek T-Series trucks based on smart truck technology. This contains a varied deck length from 10 to 20 feet to adapt to all the required applications. This helps to carry more automotive logistics at a time. In January 2021, XPO Logistics, Inc., a US-based freight transportation company acquired Kuehne + Nagel International AG for an undisclosed amount. This acquisition helps XPO Logistics to expand its contract logistics network in the United Kingdom and Ireland. And also helps to increase logistic Services such as inbound and outbound distribution, and reverse logistics, and it also starts providing services in new markets including inventory management of automotive logistics. Kuehne+Nagel International AG is Switzerland-based transport and logistic company. Major players in the automotive logistics market are Penske Corporation, Deutsche Post DHL Group, XPO Logistics Inc., SNCF, Panalpina World Transport (Holding) Ltd., DSV A/S, Ryder Systems Inc, CEVA Logistics, Nippon Express, Expeditors International, BLG Logistics, DB Schenker, Hellmann Worldwide Logistics, GEFCO, Schnellecke group ag & co. Kg, Hitachi Transport System Ltd., Neovia Logistics Services LLC., CFR Rinkens, GEODIS, Kerry Logistics Network Limited, Dachser Group SE & Co. KG, Yusen Logistics Co. Ltd., and Neovia Logistics Services LLC. Asia-Pacific was the largest region in the automotive logistics market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global automotive logistics market during the forecast period. The regions covered in the global automotive logistics report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the global automotive logistics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global automotive logistics market is segmented - 1) By Type: Outsourcing, Insourcing 2) By Activity: Warehousing and Handling, Transportation and Handling 3) By Mode of Transport: Roadways, Airways, Railway, Maritime 4) By Service: Transportation, Warehousing, Packaging Processes, Integrated Service, Reverse Logistics 5) By Distribution: Domestic, International

The automotive smart display market consists of sales of automotive smart display services by entities (organizations, sole traders, and partnerships) that are used to improve the safety and security of the residents in the vehicle. The automotive smart display monitor refers to a touch screen system that is used in vehicles to deliver hands-free access to multimedia management, driver safety features, navigation, and real-time automotive diagnostics such as battery temperature, fuel power, tire force, and engine heat indications. The main types of vehicles in automotive smart displays are passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger car is a multi-track vehicle with at least two wheels, a driver, and four wheels in most cases. Its primary purpose is to transport passengers. The various screen sizes include <5”, 5”-10”, and>10” which use different display technologies such as LCD, TFT-LCD, OLED, and others. The different types of autonomous driving include semi-autonomous, and autonomous and are used in numerous applications such as digital instrument clusters, center stack, head-up display (HUD), rear-seat entertainment, and others. The automotive smart display market research report is one of a series of new reports from The Business Research Company that provides automotive smart display market statistics, including automotive smart display industry global market size, regional shares, competitors with a automotive smart display market share, detailed automotive smart display market segments, market trends and opportunities, and any further data you may need to thrive in the automotive smart display industry. This automotive smart display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global automotive smart display market size is expected to grow from $7.81 billion in 2021 to $8.81 billion in 2022 at a compound annual growth rate (CAGR) of 12.8%. The global automotive smart displays market size is expected to reach $12.71 billion in 2026 at a CAGR of 9.6%. The increasing demand for semi-autonomous and autonomous vehicles is expected to propel the growth of the automotive smart display market going forward. Semi-autonomous and autonomous vehicles are self-driving vehicles that can accelerate, decelerate and stop without human intervention. A smart display is used in semi-autonomous and autonomous vehicles for the detection of vehicles. These smart displays will show the vehicles and objects behind the vehicles, which will be useful when reversing. For instance, in 2021, according to Crunchbase, a US-based prospecting platform for dealmakers, Waymo LLC, a US-based autonomous driving technology development company has raised a total of $5.5 billion in funding for autonomous vehicles. Also, in 2020, Tesla, a US-based automotive and clean energy company has raised a total of $20.2 billion in funding. Therefore, the increasing demand for semi-autonomous and autonomous vehicles drives the automotive smart display market. Technological advancements have emerged as the key trend gaining popularity in the automotive smart display market. Major companies operating in the automotive smart display sector are focused on developing technology such as 5G technology, and wireless technology to meet consumer demand. Automotive applications can be integrated with smart display systems using 5G. For instance, In January 2021, LG Electronics, a South Korea-based company that manufactures consumer electronics and automotive smart devices collaborated with Qualcomm Technologies, a US-based semiconductor company, for the development of the 5G in-vehicle platform. This 5g technology helps in the more effective use of sensors in cars and will give a better automotive smart display view. It also helps in the vehicle to vehicle (V2V) and vehicle to infrastructure (V2I) communication. In December 2020, Hyundai Mobis, a South Korean company that engages in the manufacturing of automotive parts and components acquired Hyundai Autron for a deal amount of $122 million. Through this acquisition, Hyundai Mobis aims to expand its semiconductor design, development, and verification capabilities for vehicles, as well as differentiate its integrated control technology in the future automotive market. Hyundai Autron is a South Korea-based company that manufactures smart displays. Major players in the automotive smart display market are Robert Bosch GmbH, Continental AG, DENSO Corporation, Visteon Corporation, Nippon Seiki, Panasonic, Pioneer,  Yazaki, Alps Alpine Co. Ltd., Hyundai Mobis, LG Display Co. Ltd, Valeo SA, Magna International Inc, Delphi Automotive PLC, AU Optronics, Japan Display Inc., Kyocera Display, Gentex Corporation, and Garmin Ltd. Asia-Pacific was the largest region in the automotive smart display market in 2021. The regions covered in the global automotive smart display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the global automotive smart display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global automotive smart display market is segmented - 1) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle 2) By Display Technology: LCD, TFT-LCD, OLED 3) By Autonomous Driving: Semi-Autonomous, Autonomous 4) By Application: Digital Instrument Cluster, Center Stack, Head-Up Display (HUD), Rear Seat Entertainment, Others