Automotive Foam Global Market Report 2023 – By Type (Polyurethane (PU) Foam, Polyolefin (PO) Foam, Other Types), By Application (Seating, Door Panels and Watershields, Instrument Panels, Bumper System, Other Applications), By End User Industry (Passenger Cars, Heavy Commercial Vehicles (HCVs), Light Commercial Vehicles (LCVs)) – Market Size, Trends, And Global Forecast 2023-2032

Automotive repair and maintenance refer to the service of repair, alteration, restoration, towing, painting, and cleaning of automobiles. Regular vehicle service and maintenance give huge dividends in fuel efficiency, increase safety, and longevity, enhance performance and reliability, and save on expensive repairs. The main types of automotive repair and maintenance are automotive mechanical and electrical repair and maintenance, automotive body, paint, interior, glass repair, and others. The automotive mechanical and electrical repair and maintenance sector is made up of businesses that specialize in transmission repair, electrical system repair, engine repair and maintenance, and exhaust system replacement. The different vehicle types include passenger cars, light commercial vehicles, heavy commercial vehicles, bikes & scooters and involves several service providers such as automotive dealership, franchise general repairs, specialty shops, locally owned repair shops/body shops, and others. The global automotive repair and maintenance market is segmented - 1) By Type: Automotive Mechanical and Electrical Repair and Maintenance, Automotive Body, Paint, Interior, and Glass Repair, Other Automotive Repair and Maintenance 2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Bike & Scooter 3) By Service Providers: Automotive Dealership, Franchise General Repair, Specialty Shop, Locally Owned Repair Shops/Body Shop, Other Service Providers Subsegments Covered: General Automotive Repair, Automotive Exhaust System Repair, Automotive Transmission Repair, Other Automotive Mechanical and Electrical Repair and Maintenance, Automotive Body, Paint, and Interior Repair and Maintenance, Automotive Glass Replacement, Automotive Oil Change and Lubrication, Car Washes, All Other Automotive Repair and Maintenance The global automotive repair and maintenance market size will grow from $837.14 billion in 2022 to $912.88 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of automotive repair and maintenance market is expected to grow to $1247.01 billion in 2027 at a CAGR of 8.1%. Automotive repair and maintenance service providers are increasingly installing diagnostic devices in customer vehicles to improve their service offerings. On-board diagnostics tools are being used to track vehicle conditions and identify potential problems by running diagnoses. For instance, Koovers, a car maintenance services provider, fits an onboard diagnostics tool for its registered customers. Its call center picks up the error reported by the tool and connects with the customer for required repair work. This enables garages to check for required parts for the car even before the car is brought in for service thus reducing wait time. Major companies in the automotive repair and maintenance market include LKQ Corporation, LeasePlan Corporation N.V., ADNOC, Monro Muffler Brake, Asbury Automotive Group Inc., Nippon Express Co., Ltd., Lookers PLC, Halfords, ComfortDelGro Corporation and A2B Australia Ltd. Automotive repair and maintenance services companies are increasingly using artificial intelligence-based automated vehicle inspection technology for vehicle inspection. Automated vehicle inspection systems capture pictures of the vehicle entering the cabin from multiple angles and upload them to the central computing system which then compares them with standards to identify deviations. The system generates a report with an overview of all the issues flagged in the car and the required actions needed to be taken. For instance, Scope technology, a US-based Tech Company, has developed an AI-automated vehicle inspection technology in collaboration with Microsoft’s Azure cloud computation. ProovStation, a French automobile maintenance service provider, implemented these systems in their service centers in France and North America. They use the technology to conduct a 360o scan of the vehicle, identify the damages such as scratches, dents, dirt, suspension, frame, brakes, and engine condition, and generate a report of the issues identified. The system generates a unique code and accounts for the vehicle with its chassis number for future service purposes. This entire visual inspection process is completed in less than 5 minutes and reduces costs by 50%. Western Europe was the largest region in the automotive repair and maintenance market in 2022. Asia-Pacific was the second-largest region in the automotive repair and maintenance market. The regions covered in the automotive repair and maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive repair and maintenance market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The automotive repair and maintenance market consists of revenues earned by entities that provide services for passenger automobiles, commercial vehicles, and motorcycles and bicycles. This market includes establishments such as general automotive repair, automotive exhaust system repair, automotive transmission repair, other automotive mechanical and electrical repair and maintenance, automotive glass replacement, and car washes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive repair and maintenance market research report is one of a series of new reports from The Business Research Company that provides automotive repair and maintenance market statistics, including automotive repair and maintenance industry global market size, regional shares, competitors with automotive repair and maintenance market share, detailed automotive repair and maintenance market segments, market trends and opportunities, and any further data you may need to thrive in the automotive repair and maintenance industry. This automotive repair and maintenance market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The automotive terminal refers to devices that provide robust and efficient cable connections. The automotive terminals offer reliable connections to cars, trucks, and other vehicles. Automotive connector terminals generally consist of standardized terminals that provide a quick, high-quality connection point between one or more wires and a header or other wire. The main types of current ratings for automotive terminal include below 40 amperes, 41–100 amperes, and above 100 amperes. The below 40 ampere refers to the automotive terminal that utilizes of below 40 amperes current rating in a vehicle. The lighting, accessories, and engine idling in vehicles utilize a current rating of less than 40 amperes. The applications of the automotive terminal include body control and interiors, safety and security, cooling, engine and emission control, infotainment, lighting systems, and battery systems. They are used in both passenger and commercial vehicles. The global automotive terminal market is segmented - 1) By Current Rating: Below 40 Ampere, 41–100 Ampere, Above 100 Ampere 2) By Application: Body Control and Interiors, Safety and Security, Cooling, Engine and Emission Control, Infotainment, Lighting System, Battery System 3) By Vehicle Type: Passenger, Commercial The global automotive terminal market size grew from $15.33 billion in 2022 to $17.32 billion in 2023 at a compound annual growth rate (CAGR) of 13.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the automotive terminal is expected to grow to $26.42 billion in 2027 at a CAGR of 11.1%. The increasing quantity of automobile production is expected to propel the growth of the automotive terminal market. Rapid growth in disposable income among individuals in both developing and developed countries and growing demand for a personal vehicle for daily commute to work has contributed to rapid growth in demand for passenger and commercial vehicles. The rapid growth in demand for passenger and commercial vehicles is expected to the boost utilization of automotive terminals, as they are a vital component in the manufacturing of automotive vehicles. For instance, in April 2022, according to world motor vehicle production, 79.1 million motor vehicles were produced around the world, an increase of 1.3% compared to 2020. Therefore, the increasing quantity of automobile production is expected to boost the growth of the automotive terminals market during the forecast period. Major players in the automotive terminal market are Delphi PLC., TE Connectivity Ltd., PKC Group, Furukawa Electric, Alstom, Bharat Heavy Electricals Limited, Bombardier, CRRC, Hitachi Ltd., Siemens, Strukton, TOSHIBA CORPORATION, Wabtec Corporation, Grote Industries, Keats Manufacturing Co., Lear Corporation, and Molex LLC. Technological advancements have emerged as a key trend gaining popularity in the automotive terminal market. The companies operating in the automotive terminal market are focusing on developing advanced products to meet industry demands and strengthen their market position across the globe. For instance, in March 2022, according to a publication by Mouser Electronics, a US-based electronics distributor, JAE Electronics developed the miniatured MX79A series high-speed connectors to support data transmission. The MX79A high-speed connectors improve transmission between in-vehicle information and communication technology (ICT) units such as camera ECU. In March 2020, TE Connectivity, an American Swiss-domiciled technology company that designs and manufactures connectors and sensors acquired First Sensor AG for an undisclosed amount. By combining First Sensor and TE's portfolio, TE will be able to offer a broader product base that includes innovative market-leading sensors, connectors, systems, and best-in-class features to support TE's growth strategy. First Sensor AG is a manufacturer of other measuring and controlling devices for automotive and other industries. Asia-Pacific was the largest region in the automotive terminal market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive terminal market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive terminal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The automotive terminal market consists of sales of pin terminals, receptable terminals, sockets terminals, and tab-terminal. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive terminal market research report is one of a series of new reports from The Business Research Company that provides Automotive terminal market statistics, including automotive terminal industry global market size, regional shares, competitors with an automotive terminal market share, detailed automotive terminal market segments, market trends and opportunities, and any further data you may need to thrive in the automotive terminal industry. This automotive terminal 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.

Automotive HVAC refers to the technology for indoor and automotive ambient comfort, which is known as heating, ventilation, and air conditioning (HVAC). The three subsystems, such as heating, cooling, and air conditioning, work together to ensure that users are provided with clean air through ventilation. It also regulates the temperature of the air, inspects the moisture content of the air, and removes excess humidity from the circulating air. It is used to regulate the temperature and climate of the vehicle. The main components of automotive HVAC are the evaporator, compressor, condenser, receiver or drier, and expansion device. An evaporator is a device that ensures the refrigerant evaporates, thus changing its state from a liquid to a gaseous form. The technologies include manual and automatic. The various types of vehicles include passenger cars, commercial vehicles, light commercial vehicles, and heavy commercial vehicles. The global automotive HVAC market is segmented - 1) By Component: Evaporator, Compressor, Condenser, Receiver/Drier, Expansion Device 2) By Technology: Manual, Automatic 3) By Vehicle Type: Passenger Cars, Commercial Vehicles, Light Commercial Vehicle, Heavy Commercial Vehicle The global automotive hvac market size grew from $47.23 billion in 2022 to $51.69 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the automotive hvac is expected to grow to $72.51 billion in 2027 at a CAGR of 8.8%. The increasing demand for luxury vehicles is expected to propel the growth of the automotive HVAC market going forward. A luxury vehicle is defined as a vehicle equipped with better performance capabilities, lavish interiors, and all the latest safety and technology features. In high-end luxury vehicles, the automotive HVAC system is essential to deliver a thermally comfortable environment for every passenger as per their requirements. For instance, in April 2022, according to the Deccan Herald, an Indian English-language daily newspaper, Lamborghini, an Italy-based manufacturer of luxury sports cars and SUVs, saw a 142% increase in sales from the previous year. As opposed to 26 in 2020–21, the company delivered 63 luxury and sport utility vehicles (SUVs) on Indian roads. Therefore, the increasing demand for luxury vehicles is driving the growth of the automotive HVAC market. Major players in the automotive hvac market are Denso Corporation, Air International Thermal Systems, Valeo, Hanon Systems, Calsonic Kansei Corporation, Johnson Electric Holdings Ltd., Sanden Holdings Corporation, Sensata Technologies Inc., Marelli Corporation, OMEGA Environmental Technologies, Delphi Automotive , Visteon Corp. , Trans/Air Manufacturing Corp., Toyota Industries Corporation, and Xiezhong International Holdings Limited Product innovations are a key trend gaining popularity in the automotive HVAC market. Major market players are concentrating their efforts on creating innovative products with advanced technologies such as the introduction of automatic climate control that controls the temperature of the car; using green technologies to develop eco-friendly and energy-efficient automotive HVAC systems; and the adoption of eco-friendly refrigerants, among others. For instance, in July 2020, Hyundai Motor Group, a South Korea-based automotive manufacturing company, introduced new air-conditioning technologies known as After-Blow, Multi-Air Mode, and Fine Dust Indicator to create a more pleasant indoor environment in vehicle cabins by improving the quality of internal air. In automobiles, After-Blow Technology is used to prevent mold growth in the air-conditioning system, which can produce an odor in warm weather and dries the condensate on the evaporator. Whereas, in Multi-Air Mode Technology is used to produce a more comfortable indoor climate with a gentle wind with Multi-Air Mode uses numerous vents for air conditioning and heating. Moreover, the driver can better control the air quality using Fine Dust Indicator Technology, which measures the air within the car in real time and offers digitized information. In February 2021, MAHLE Group, a Germany-based automotive parts manufacturer, acquired the air conditioning business of Keihin Corporation for an undisclosed amount. Four production sites and one development centre are integrated into the MAHLE Group, strengthening their presence in Asia and North America. Keihin Corporation is a Japan-based manufacturer of automotive systems operating in the automotive HVAC market. Asia-Pacific was the largest region in the automotive HVAC market in 2022. The regions covered in the automotive HVAC market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive HVAC market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive HVAC market consists of revenues earned by entities by providing automotive HVAC services such as displaying system repair and service, brake service, engine light diagnostics, cooling system service, fluid maintenance, and fluid injection services . The market value includes the value of related goods sold by the service provider or included within the service offering. The automotive HVAC market also includes sales of automotive HVAC components such as A/C compressors, condensers, radiator fans, accumulators, blower fans, evaporators, and refrigerators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive HVAC market research report is one of a series of new reports from The Business Research Company that provides automotive HVAC market statistics, including automotive HVAC industry global market size, regional shares, competitors with an automotive HVAC market share, detailed automotive HVAC market segments, market trends and opportunities, and any further data you may need to thrive in the automotive HVAC industry. This automotive HVAC 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.

Automotive HUD refers to technology that projects essential data, such as navigation guidance, warning lights, and engine revs, on the vehicle's windshield. The purpose of automotive HUD is to provide a safety feature because it eliminates the need for the driver to look down at a conventional display panel. The HUD system uses a projector unit, a combiner, and a computer that generates a video display of such relevant safety information. The main types of automotive HUD are windshield and combiner. A windshield refers to a laminated windshield with an extra polarized layer to reflect images projected on it by a special projector typically mounted on the car dashboard. The purpose of this windshield is to provide relevant information to the driver while driving without taking their eyes off the road. Conventional and augmented reality HUD are the technologies used in automotive HUD. Both 2D and 3D automotive HUD are used in different types of automotive vehicles, ranging from battery electric vehicles, internal combustion engines, and hybrid fuel-type vehicles. The global automotive HUD market is segmented - 1) By HUD Type: Windshield, Combiner 2) By Technology: Conventional HUD, Augmented Reality HUD 3) By Dimension: 2D, 3D 4) By Fuel Type: Battery Electric Vehicle (BEV), Internal Combustion Engines (ICE), Hybrid The global automotive HUD market size will grow from $1.07 billion in 2022 to $1.33 billion in 2023 at a compound annual growth rate (CAGR) of 24.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the automotive HUD is expected to grow to $3.01 billion in 2027 at a CAGR of 22.6%. The growing demand for connected vehicles is driving the growth of the automotive HUD market. The rising interest and demand for connected vehicles can be attributed to increase in customer preference towards comfort, connectivity, performance, and safety features during their new car purchases. Connected car vehicles are outfitted with many promising technologies, including radar, lidar, cameras, and other sensors, to provide safe and convenient travel. Due to these native embedded system technologies, these vehicles can communicate with other vehicular nodes, exchange safety data, receive system updates, and stream infotainment. According to a McKinsey 2020 survey with more than 40 industry experts in the autonomous vehicle (AV) ecosystem, 60% of respondents would switch car brands to improve connectivity. Furthermore, 39% of consumers wanted to unlock additional digital features after purchasing a vehicle. Therefore, increasing demand for connected vehicles is expected to boost demand for automotive HUD solutions market during the forecast period. Major players in the automotive HUD market are Robert Bosch, Continental, Denso, Visteon, Nippon Seiki, Panasonic, Pioneer, Yazaki, Toshiba, Hudway LLC, Garmin Ltd., MicroVision Inc., Mitsubishi Electric Corporation, Texas Instruments Incorporated, Thales Group, BAE Systems, Valeo, and Hyundai Mobis. Technological advancements are a key trend gaining popularity in the automotive HUD market. Major companies operating in the automotive HUD market are focused on providing technologically-advanced solutions to meet end customer demand and strengthen their market position. These companies are developing next-generation automotive HUD technologies into their frameworks, such as augmented reality, virtual reality, sensors, artificial intelligence, Internet of things, machine learning, 3D mapping, automation, projection techniques, and others, to simplify the driving condition by enabling security functionalities. For Instance, In January 2022, Japan-based Panasonic Automotive Systems Co. launched driveable AR HUD 2.0 with a patented eye-tracking-system. This technological innovation is made possible by an infrared camera with the AR HUD projector and optics, which eliminate the need for a separate driver-facing camera. In February 2022, Harman International, a wholly-owned subsidiary of Samsung Electronics, acquired Apostera for an undisclosed amount. With this acquisition, HARMAN International wants to broaden companies’ presence in automotive AR/MR experience design and further extend automotive product offerings. Apostera is a Germany-based automotive technology company, which offers solutions ranging from ADAS, Lidar, and autonomous augmented reality. Asia-Pacific was the largest region in the automotive HUD market in 2022, and it is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive HUD market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive HUD market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automotive HUD market consists of sales of projection-based and reflection-based automotive HUD. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive HUD market research report is one of a series of new reports from The Business Research Company that provides automotive HUD market statistics, including automotive HUD industry global market size, regional shares, competitors with an automotive HUD market share, detailed automotive HUD market segments, market trends and opportunities, and any further data you may need to thrive in the automotive HUD industry. This automotive HUD 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.

Automotive testing inspection and certification refer to certifying automotive vehicles and their components as per the requirements of regulatory and statutory standards that help to check whether vehicles meet customer expectations and various statutory standards. These services are used to ensure the automotive product complies with automotive safety and quality standards. The main types of services in automotive testing inspection and certification are testing services, inspection services, certification services, and other services. Automotive testing services refer to putting complete vehicles or vehicle components through a series of laboratory tests to ensure their quality compliance. The major sourcing types are in-house and outsourced. The various applications include electrical systems and components, telematics, interior and exterior materials and components, fluids and lubricants, vehicle inspection services, homologation testing, and other applications. The global automotive testing inspection and certification market is segmented – 1) By Service Type: Testing Services, Inspection Services, Certification Services, Other Services 2) By Sourcing Type: In-house, Outsourced 3) By Application: Electrical Systems and Components, Telematics, Interior and Exterior Materials and Components, Fluids and Lubricants, Vehicle Inspection Services, Homologation Testing, Other Applications The global automotive testing inspection and certification market size will grow from $20.24 billion in 2022 to $20.8 billion in 2023 at a compound annual growth rate (CAGR) of 2.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of automotive testing inspection and certification is expected to grow to $23.23 billion in 2027 at a CAGR of 2.8%. An increase in automobile production is expected to propel the growth of the automotive testing inspection and certification market going forward. Automobiles refer to passenger vehicles with four wheels and an internal combustion gasoline or diesel engine, and are intended for use on public highways. Automotive testing, inspection, and certification help automobiles to be safe and strong and assist in proving the longevity of the engine or shocks. For instance, in March 2021, according to the Society of Indian Automobile Manufacturers, an India-based national body representing the Indian automobile industry, sales of commercial vehicles grew overall, rising from 5.7 million to 7.2 million units. From April 2021 to March 2022, compared to the prior year, sales of medium and heavy commercial vehicles climbed from 1.6 million to 2.4 million units, and sales of light commercial vehicles increased from 4 million to 4.8 million units. Furthermore, according to the Alliance for Automotive Innovation, a US-based trade association, automotive sales will increase by 14 million units in 2020. Therefore, the increase in automobile production is driving the growth of the automotive testing inspection and certification market. Major players in the automotive testing inspection and certification market are SGS S.A., Bureau Veritas S.A., Intertek Group PLC., Dekra SE, TUV SUD, Applus Services S.A., TUV Rheinland AG Group, Eurofins Scientific SE, MISTRAS Group Inc., Element Materials Technology, The British Standards Institution, TUV Nord Group, NSF International, RINA S.p.A., and ALS Limited. Advancements in TIC such as virtual reality (VR) and augmented reality (AR) have emerged as the new trends gaining popularity in the automotive testing inspection and certification market. Major companies operating in the automotive testing inspection and certification market are focused on developing and adopting virtual reality and augmented reality technologies to sustain their position in the market. For instance, in January 2020, Hyundai, a South Korea-based automotive manufacturer with its subsidiary KIA, introduced virtual reality design evaluation system. These technology uses several development applications which would enable designers and engineers’ teams to carry out vehicle design quality assessments and development verification processes. Moreover, these system enables teams in testing vehicle ergonomics and aerodynamics more efficiently. In April 2022, Applus Plus, a Spain-based automotive testing inspection and certification company, acquired Entidad IDV Madrid SL for an undisclosed amount. With this acquisition, Applus Plus operates 9 statutory vehicle inspection stations in Madrid, solidifying its position as the business performing the most inspections in the area and remaining the leading provider in Spain. Entidad IDV Madrid SL is a Spain-based company that conducts taximeter testing and required automotive inspections. North America was the largest region in the automotive testing inspection and certification market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive testing inspection and certification market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive testing inspection and certification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automotive testing inspection and certification market includes revenues earned by entities by providing services such as pre-production inspection, first article inspection, during production inspection (DPI), pre-shipment inspection (PSI), and container loading inspection (CLI). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive testing inspection and certification market research report is one of a series of new reports from The Business Research Company that provides automotive testing inspection and certification market statistics, including automotive testing inspection and certification industry global market size, regional shares, competitors with an automotive testing inspection and certification market share, detailed automotive testing inspection and certification market segments, market trends and opportunities, and any further data you may need to thrive in the automotive testing inspection and certification industry. This automotive testing inspection and certification 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.

An automotive axle is a rod or a shaft that rotates the wheels and supports the vehicle's entire weight, whereas propeller shafts are a component of an axle system that helps to transmit torque between the transmissions. The automotive axle and propeller shaft are used to transmit and provide torque and rotation to the wheels of the vehicle. The main types of automotive axles and propeller shafts are single-piece and multi-piece. A single piece refers to an arrangement with two universal joints that increase the strength and efficiency of the shaft. The types of propeller shafts are front propeller, inter-axle, and rear propeller. The types of vehicles covered are passenger cars, light commercial vehicles, and heavy commercial vehicles made with materials such as alloys and carbon fibre sold by original equipment manufacturers and aftermarket. The global automotive axle and propeller shaft market is segmented - 1) By Type: Single Piece, Multi Piece 2) By Propeller Shaft Type: Front Propeller, Inter-Axle, Rear Propeller 3) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles 4) By Material: Alloy, Carbon Fiber 5) By Sales Channel: Original Equipment Manufacturer, Aftermarket The global automotive axle and propeller shaft market size grew from $28.96 billion in 2022 to $30.95 billion in 2023 at a compound annual growth rate (CAGR) of 6.9% . The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the automotive axle and propeller shaft is expected to grow to $39.72 billion in 2027 at a CAGR of 6.4% . The increase in demand for comfortable and fuel-efficient vehicles is expected to propel the growth of the automotive axle and propeller shaft market going forward. Fuel-efficient vehicles can be referred to as vehicles that have a fuel consumption of fewer than 6 litres per 100 km, which reduces global warming emissions and produces less pollution. Automotive axles and propeller shafts help fuel-efficient vehicles by reducing fuel expenses, carbon emissions, and dependence on foreign oil while also improving the use of sustainable energy. For instance, in April 2021, according to the Global EV Outlook 2021, published by the International Energy Agency report, a France-based global energy system intergovernmental organization, the number of electric vehicles sold worldwide reached 10 million in 2020, an increase of 43% from the previous year. There were about 3 million new electric vehicles registered in 2020. Europe took the lead for the first time with 1.4 million new registrations. China registered 1.2 million new electric automobiles after the United States registered 2.95 million. Thus, the increase in demand for comfortable and fuel-efficient vehicles is driving the growth of the automotive axle and propeller shaft market. Major players in the automotive axle and propeller shaft market are Dana Corporation, American Axle and Manufacturing Inc., Gelenkwellen-Service GmbH, GKN-Walterscheid GmbH, Hyundai Wia Corporation, IFA Rotorion, JTEKT Corporation, Meritor Inc., ZF Friedrichshafen AG, Korea Flange Co. Ltd., Wahan Engineering Corporation, Automotive Axles Limited, Bailey Morris Ltd., D And F Propshafts, Mark Williams Enterprises Inc., and Wilson Drive Shafts . Technological advancements are the key trend gaining popularity in the automotive axle and propeller shaft market. Major companies operating in the market are introducing new technologies such as driveline systems technology that uses an integrated oil pan (IOP) front axle assembly with an electronic disconnect that transmits torque from the front axle to the front axle half shafts, reducing friction. For instance, in January 2020, Xtrac Limited, a UK-based designer and manufacturer of transmission systems operating in the automotive axle and propeller shaft market, launched an advanced e-axle system for electric-powered Rallycross cars that is highly efficient and lightweight and is suitable for use with motors with a power rating of 250kW. This e-axle technology delivers lubrication by an internal eccentric rotor pump with pressure input to all crucial locations to reduce churning losses and increase overall gearbox efficiency. There is also an option to add an externally mounted oil cooler. In November 2021, Walterscheid Powertrain Group, a Germany-based off-highway and industrial equipment and machinery manufacturing company, acquired IFA Kardan for an undisclosed amount. With this acquisition, Walterscheid Powertrain Group aims to expand the driveshaft portfolio and increase focus on the main and secondary drives for small- and medium-sized agricultural and construction vehicles. IFA Kardan is a Germany-based manufacturer of Cardan shafts and various types of joints used in construction and agricultural vehicles operating in the automotive axle and propeller shaft market. Asia-Pacific was the largest region in the automotive axle and propeller shaft market in 2022. Latin America is expected to be the fastest-growing region in the forecast period. The regions covered in this automotive axle and propeller shaft market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive axle and propeller shaft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive axle and propeller shaft market consist of sales of single-piece type propeller shaft, two-piece type propeller shaft , semi-floating axle, full-floating axle, three-quarter floating axle, live front axle, dead front axle, Elliot, reverse Elliot, Lamoine and reversed Lamoine. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive axle and propeller shaft market research report is one of a series of new reports from The Business Research Company that provides automotive axle and propeller shaft market statistics, including global and regional shares, competitors with an automotive axle and propeller shaft market share, detailed automotive axle and propeller shaft market segments, market trends and opportunities, and any further data you may need to thrive in the automotive axle and propeller shaft industry. This automotive axle and propeller shaft 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.

A driveshaft is a mechanical component of automotive that provides transmission of torque of the engine gearbox to vehicle wheels in a synchronized manner for smooth motion of a vehicle. The automotive driving shaft uses a rod-like component that transmits torque from the vehicle's engine to the wheels. The automotive drive shaft is used to connect the transmission unit and engine in the car for front and four-wheel drive. The main product types of automotive drive shafts market are rigid side shafts and hollow side shafts. Hollow side shafts refer to the hollow drive shaft fitted to electric motors or right-angle gear drives to accept the solid shaft of the pump. The vehicle types utilizing automotive drive shafts include passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The different drive utilizing automotive drive shafts include front-wheel drive, rear-wheel drive, and other drive types. The materials used in automotive drive shafts include aluminum, steel, and carbon fiber. These products are sold through different sales channels including OEM and aftermarket. The global automotive drive shaft market is segmented - 1) By Product Type: Rigid Side shaft, Hollow Side shafts 2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle 3) By Drive Type: Front Wheel Drive, Rear Wheel Drive, Other Drive Types 4) By Material: Aluminum, Steel, Carbon Fiber 5) By Sales Channel: OEM, Aftermarket The global automotive drive shaft market size will grow from $16.24 billion in 2022 to $17.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive drive shaft is expected to grow to $23.34 billion in 2027 at a CAGR of 7.5%. The growing sales of electric vehicles are expected to propel the growth of the automotive drive shaft market going forward. An electric vehicle refers to an automobile that is powered entirely or partially by electricity from a battery that requires recharging. The driveshaft is a mechanical component of automotive that provides transmission of torque of the engine gearbox to vehicle wheels in a synchronized manner for smooth motion of the vehicle. For instance, in February 2022, according to The Economics Times, an Indian-based newspaper, around 6.5 million electric vehicles were sold in the year 2021 including fully electric and partially electric vehicles. Therefore, the growing sales of electric vehicles will drive the growth of the automotive drive shaft market. Major players in the automotive drive shaft market are GKN Automotive Limited, JTEKT Corporation, American Axle & Manufacturing Inc., Dana Incorporated, Hyundai Wia Corporation, Yamada Manufacturing Co Ltd., Nexteer Automotive India, IFA Group, NTN Corporation, Neapco Inc., Bailey Morris Limited, Xuchang Yuandong Drive Shaft Co Ltd., The Timken Company, Showa Corporation, Meritor Inc., and Wilson Drive Shaft Ltd. The new product innovation is the key trend gaining popularity in the automotive drive shaft market. Major companies operating in the automotive drive shaft market are focused on developing new product innovations and solutions to strengthen their position. For instance, in March 2021, Nexteer Automotive, a US-based multinational company operating in automotive drive shaft and motion control technology launched its new Half-shaft technologies to strengthen its driveline portfolio to meet the unique demands of electric vehicles in the drive shaft. The new half-shaft technology of Nexteer Automotive can solve challenges in optimization of noise, vibration, and harshness (NVH) performance in electric vehicles by enhancing durability and efficiency. In August 2020, GNK Automotive Limited, a London-based manufacturer of motor vehicles acquired the Tochigi production assets of Nissan Motor Co., Ltd. for a deal amount of JPY 9 billion ($81.54 million). Through this acquisition, GNK Ltd aims to lead the automotive drive shaft market, especially in Japan. Nissan Motor is a Japan-based vehicle manufacturing company that includes drive shafts. Asia-Pacific was the largest region in the automotive drive shaft market in 2022, and it is also expected to be the fastest-growing region in the automotive drive shaft market during the forecast period. The regions covered in the automotive drive shaft market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive drive shaft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The automotive drive shaft market consists of sales of one-piece drive shaft, two-piece drive shaft and slip-in-tube drive shaft. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive drive shaft market research report is one of a series of new reports from The Business Research Company that provides automotive drive shaft market statistics, including automotive drive shaft industry global market size, regional shares, competitors with an automotive drive shaft market share, detailed automotive drive shaft market segments, market trends and opportunities, and any further data you may need to thrive in the automotive drive shaft industry. This automotive drive shaft 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.

Automotive plastics refers to a polymer used in automotive vehicles to design and produce parts that provide mechanical strength, withstand shear stress, wear metal stress, offer aesthetic appearance, and are utilized in making the automotive body. These plastic components mainly replace the various metal parts in automobiles as they provide similar properties such as stiffness, flame retardancy, and others. The main types of automotive plastics are polypropylene (pp), polyurethane (PU), polyvinylchloride (PVC), polyamide (pa), and acrylonitrile butadiene styrene (abs), high-density polyethylene (HDPE), polycarbonate (pc), and polybutylene terephthalate (PBT). Polypropylene (PP) automotive plastics refer to a thermoplastic polymer that is tough, rigid, and crystalline. The various applications of automotive plastics are interior, exterior, and under the bonnet, which are used in conventional/traditional vehicles, and electric vehicles. The global automotive plastics market is segmented - 1) By Vehicle Type: Conventional/Traditional Vehicles, Electric Vehicles 2) By Product Type: Polypropylene (PP), Polyurethane (PU), Polyvinylchloride (PVC), Polyamide (PA), Acrylonitrile Butadiene Styrene (ABS), High Density Polyethylene (HDPE), Polycarbonate (PC), Polybutylene Terephthalate (PBT) 3) By Application: Interior, Exterior, Under Bonnet The global automotive plastics market size grew from $36.49 billion in 2022 to $40.3 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive plastics market size is expected to grow to $56.02 billion in 2027 at a CAGR of 8.6%. The increase in demand for lightweight and electric vehicles is significantly contributing to the growth of the automotive plastics market. The increase in the use of plastic components in the automotive industry has boosted the advancements in the design of automobiles. It also reduces the consumption of fuel in vehicles, as less weight requires less energy when the vehicle is accelerated. For instance, in April 2022, according to the European Automobile Manufacturers' Association, a Belgium-based automotive industry standards group, 79.1 million automobiles were produced in 2021, a 1.3% rise from 2020 across the globe. Therefore, the increasing demand for lightweight and electric vehicles is driving the growth of the automotive plastics market. Major players in the automotive plastics market are BASF SE, Borealis AG, Covestro AG, DuPont, Evonik Industries, SABIC, Magna International, Inc., Akzo Nobel N.V., Arkema SA, Grupo Antolin-Irausa S.A., LyondellBasell Industries Holdings BV, Momentive Performance Materials Inc., Teijin Limited, The Dow Chemical Company, and Zoltek Companies Inc. Technological advancements are a key trend gaining popularity in the automotive plastics market. Technological advancement is the discovery of knowledge that advances the understanding of technology. For instance, in 2021, Covestro AG launched a new 3D printing material, recycled Polyethylene Terephthalate (rPET), which is used for 3D pellet printing using technology known as fused granulate fabrication (FGF), which helps in the manufacturing of large-sized parts. This technology has applications in the automotive industry for the manufacturing of interior parts. In March 2021, Lear Corp., an automotive technology company, acquired M&N Plastics for an undisclosed amount. This acquisition helps Lear Corp. increase its capabilities to design and produce complex electrical components in various automobiles. M&N Plastics is a specialist manufacturer of various engineered plastic components for the automotive industry. Asia-Pacific was the largest region in the automotive plastics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive plastics market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive plastics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive plastics market consists of sales of diesel vehicles, polymethyl methacrylate, nylon, Styrofoam, injection moulding, and blow moulding. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive plastics market research report is one of a series of new reports from The Business Research Company that provides automotive plastics market statistics, including automotive plastics industry global market size, regional shares, competitors with an automotive plastics market share, detailed automotive plastics market segments, market trends and opportunities, and any further data you may need to thrive in the automotive plastics industry. This automotive plastics 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.