Hydraulic pumps refer to mechanical device that transforms mechanical energy into hydraulic energy. Initially, the pump's mechanical action induces a vacuum at the intake, allowing air pressure to drive liquid from the reservoir into the inlet line of the pumps. Then, its mechanical action drives this liquid into the hydraulic system by furnishing it to the pump output. The main types of hydraulic pumps include gear pumps, vane pumps, piston pumps, and screw pumps. The gear pumps contain a fixed displacement design and operate by pumping fluid through the systems by means of a prime mover such as an engine or a motor. They are used in mobile and industrial applications in end-use industries ranging from construction, mining, agriculture, machinery, automotive, and others. The hydraulic pumps market research report is one of a series of new reports from The Business Research Company that provides hydraulic pumps market statistics, including hydraulic pumps industry global market size, regional shares, competitors with a hydraulic pumps market share, detailed hydraulic pumps market segments, market trends and opportunities, and any further data you may need to thrive in the hydraulic pumps industry. These hydraulic pumps 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 hydraulic pumps market size grew from $9.44 billion in 2022 to $10.02 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. 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, causing inflation across goods and services and affecting many markets across the globe. The hydraulic pumps market size is expected to grow to $12.24 billion in 2027 at a CAGR of 5.1%. The increase in construction activities is driving the hydraulic pumps market. Hydraulic pumps are widely used in construction equipment such as excavators, cranes, loaders, and other machinery to pull, push or lift heavy loads in day-to-day operational activities. An increase in construction activities across the globe is expected to boost increased demand for hydraulic pumps, as they are primary components in heavy lifting equipment. According to the U.S. Census Bureau report on monthly construction spending in March 2022, the construction investment reached $376.6 billion in the first three months of 2022, which showed a 12.0% increase from $336.3 billion in the same time in 2021. Therefore, the rising construction activities are expected to boost demand for hydraulic pumps during the forecast period. Product innovation is a key trend gaining popularity in the hydraulic pump market. Many companies operating in the hydraulic pump market are developing innovative products with advanced technologies to strengthen their position in the hydraulic pump market. For instance, in April 2021, REHOBOT Hydraulics, a Sweden-based high-pressure hydraulic products manufacturer launched an electric-powered hydraulic pump PME70-2500MRV/VR70, operated according to the hold-to-run principle. PME70-2030ADV and PME70-2030MRV are equipped with foot-actuated pedals for on and off control, unlike others. In May 2022, Pedrollo Group, an Italy-based company specializing in water treatment, energy conversion, and applied technology, acquired Superior Pump for an undisclosed amount. Through this acquisition, the Pedrollo Group is focused on expanding hydraulic pump technology in North America and expand its business presence across the globe. The long-term strategy of this acquisition is to market and launch the Pedrollo brand in the United States and Canada. Superior Pump is a Minnesota-based company specializing in residential/light commercial duty pumps. Major players in the hydraulic pumps market are Kawasaki Heavy Industries, Ltd., Daikin Industries Ltd., CASAPPA S.p.A, Linde Hydraulics, Parker Hannifin Corporation, Oilgear, Eaton Corporation PLC, Dynamatic Technologies Ltd., Danfoss AS, Bucher Industries AG, Bosch Rexroth AG, HYDAC International GmbH, Caterpillar Inc., Roper Pump Company, Viking Pump Inc., Permco, Inc., and KYB Corporation. North America was the largest region in the hydraulic pumps market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydraulic pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the hydraulic pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The hydraulic pumps market consists of sales of rotary vane pumps, bent axis pumps, inline axial piston pumps, radial piston pumps. 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 global hydraulic pumps market is segmented - 1) By Product Type: Gear Pump, Vane Pump, Piston Pump, Screw Pump 2) By Application: Mobile Application, Industrial Application 3) By End User Vertical: Construction, Mining, Agriculture, Machinery, Automotive

The automotive lightweight material is engaged in the production of different lightweight materials for the manufacturing of automotive components such as carbon fiber, aluminum, and magnesium among others. Automotive lightweight materials are used in vehicles to decrease weight, increase speed, and improve fuel economy. The main types of materials in the automotive lightweight materials market are metal, composites, plastics, and elastomer. Metals such as high-strength steel, aluminum, magnesium, and titanium are used to make vehicles lighter and more efficient. Composites are made up of a high-performance fiber (such as carbon or glass) and a matrix material (epoxy polymer) that, when mixed, has superior properties to the individual materials. Plastics are used for added strength, flex, rigidity, fatigue resistance, shear strength, and heat resistance. Elastomers are polymers with high viscoelasticity which are used in the production of components that need to withstand extreme temperatures such as hoses, insulators, seals, bushes, engine mounts, and gaskets. The automotive lightweight materials are used for passenger vehicles, light commercial vehicles, and heavy commercial vehicles for manufacturing bodies in white, chassis and suspension, powertrain, closures, interiors, and other parts. The automotive lightweight material market research report is one of a series of new reports from The Business Research Company that provides automotive lightweight material market statistics, including automotive lightweight material industry global market size, regional shares, competitors with a automotive lightweight material market share, detailed automotive lightweight material market segments, market trends and opportunities, and any further data you may need to thrive in the automotive lightweight material industry. This automotive lightweight material 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 lightweight materials market size grew from $101.54 billion in 2022 to $116.44 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. 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 automotive lightweight materials market size is expected to grow to $167.05 billion in 2027 at a CAGR of 9.4%. The surge production of electric vehicles is expected to propel the growth of the automotive lightweight material market over the coming years. Electric vehicles are automobiles that are powered entirely or partially by electricity. Electric vehicles have minimal operating expenses since they have fewer moving parts to maintain, and they are also very eco-friendly because they consume little or no fossil fuels (petrol or diesel). Lightweight materials such as carbon-fibre-reinforced plastic are used in modern electric vehicles, allowing them to run purely on electricity and avoid being classified as hybrids. For instance, according to the Economist Intelligence Unit (The EIU), electric vehicle sales are expected to increase from 2.5 million in 2020 to 3.4 million in 2021 According to a CNBC report published in May 2020, electric vehicle production is expected to rise to at least 1.3 million this year, with the possibility of reaching 1.5 million based on market conditions. Therefore, the increasing production of electric vehicles drives the growth of the automotive lightweight material market. New product developments and compositions are gaining significant popularity in the automotive lightweight material market. Key players in the automotive lightweight materials market are focusing on developing new and innovative products for the market using lightweight materials such as carbon fibre, and aluminium and replacing generic materials. For instance, in 2020, ESE Carbon Co., a US-based composites manufacturer, launched a new carbon fibre wheel that was made with customized fibre positioning and custom presses to reduce waste and increase scalability. Also, in 2021, Italy-based Bucci Composites, a fabricator of composite components and systems for automobile, military, maritime, and industrial uses, announced that it had finished construction of a 22-inch carbon fibre automotive wheel rim with advanced features. In May 2022, Sandvik, a Sweden-based engineering company, acquired Preziss for an undisclosed amount. The acquisition would strengthen the product offerings of Sandvik in the fields of lightweight materials for automotive markets. Preziss is a Spain-based CNC milling and tooling system manufacturer. Major players in the automotive lightweight material market are BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V., Toray Industries Inc., ArcelorMittal, ThyssenKrupp AG, Novelis Inc., Alcoa Corporation, Stratasys Ltd., Owens Corning, Tata Steel, and POSCO. Europe was the largest region in the automotive lightweight material market in 2022. North America was the second-largest market in the automotive lightweight material market. The regions covered in the automotive lightweight material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive lightweight material market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive lightweight material market consists of sales of high strength steel, aluminum, and magnesium & titanium. 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 global automotive lightweight materials market is segmented - 1) By Material Type: Metals, Composites, Plastics, Elastomer 2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle 3) By Application: Body In White, Chassis And Suspension, Powertrain, Closures, Interiors, Other Applications

The automotive drivetrain is a mechanical system inside a vehicle that connects the vehicle’s transmission to the drive axles.Theaxles. The automotive drivetrain is used to transfer the rotational power created by the vehicle’s engine to the wheels of the vehicle for movement. The automotive drivetrain market consists of the sales of automotive drivetrains by entities (organizations, sole traders, and partnerships) that are used to transfer the rotational power created by the vehicle’s engine to the wheels of the vehicle for movement. It is a mechanical system inside a vehicle that connects the vehicle’s transmission to the drive axles. The main vehicle types of the automotive drivetrain are passenger cars, light commercial vehicles (LCV), heavy commercial vehicles (HCV), and electric vehicles. Passenger cars and automotive drivetrains are used in passenger cars. Passenger vehicles cannot accommodate more than 9 people, including the drivers, for the purpose of transporting passengers. The different drive types include front-wheel drive, rear-wheel drive, and all-wheel drive and involve various technologies such as central motor, e-axle, and wheel hub module. The several transmission types include manual transmission, automatic transmission, continuous variable transmission, automated manual transmission, and dual-clutch transmission. The automotive drivetrain market research report is one of a series of new reports from The Business Research Company that provides automotive drivetrain market statistics, including automotive drivetrain industry global market size, regional shares, competitors with an automotive drivetrain market share, detailed automotive drivetrain market segments, market trends and opportunities, and any further data you may need to thrive in the automotive drivetrain industry. This automotive drivetrain 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 drivetrain market size grew from $205.73 billion in 2022 to $227.96 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. 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 drivetrain market size is expected to grow to $317.73 billion in 2027 at a CAGR of 8.7%. The increasing adoption of electric vehicles is expected to propel the growth of the automotive drivetrain market going forward. Electric vehicles are those that are partially or fully powered by electricity. The increasing adoption of electric vehicles helps increase the demand for automotive drivetrains. Electric drivetrains have a single-speed transmission that sends power from the motor to the wheels. For instance, in 2021, according to the International Energy Agency, a Paris-based intergovernmental organization, electric car sales more than doubled to 6.6 million, from 3 million in 2020, representing close to 9% of the global car market. Therefore, the increase in the adoption of electric vehicles will make the demand greater for automotive drivetrains. Technological innovation is a key trend gaining popularity in the automotive drivetrain market. Companies operating in the automotive drivetrain market are focusing on new technological innovations to reinforce their position. For instance, in May 2022, Amsted Automotive, a US-based motor vehicle manufacturing company, introduced the Dynamic Controllable Clutch (DCC), an Electro-Mechanical E-axle Disconnect system, which provides seamless all-wheel drive (AWD) and 4WD disconnect and quick, reliable shifts. The Dynamic Controllable Clutch (DCC) technology allows the driveline system to engage and disengage the drive axles while conserving energy and maintaining on-road and off-road capabilities. In February 2022, Cummins Inc., a US-based engine, filtration, and power generation products company, acquired Meritor for $3.7 billion. This acquisition will position Cummins as a leading provider of integrated powertrain solutions across combustion and electric power applications. Meritor is a US-based manufacturer and supplier of drivetrain, mobility, braking, aftermarket, and electric powertrain solutions for commercial vehicles and industrial markets. Major players in the automotive drivetrain market are Aisin Seiki Co., BorgWarner Inc., ZF Friedrichshafen AG, Showa Corporation, Schaeffler Group, American Axle and Manufacturing Inc., Magna International Inc., JTEKT Corporation, Axletech International, Continental AG, NIDEC Corporation, and AVL List GmbH. Asia-Pacific was the largest region in the automotive drivetrain market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive drivetrain market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive drivetrain market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive drivetrain market consists of sales of four-wheel drive.Valuesdrive. 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 global automotive drivetrain market is segmented - 1) By Drive Type: Front-Wheel Drive, Rear-Wheel Drive, All-Wheel Drive 2) By Vehicle Type: Passenger Cars, Light Commercial Vehicle(LCV), Heavy Commercial Vehicle(HCV), Electric Vehicle 3) By Transmission: Manual Transmission, Automatic Transmission, Continuous Variable Transmission, Automated Manual Transmission, Dual-Clutch Transmission 4) By Technology: Central Motor, E-Axle, Wheel Hub Module

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 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. The global automotive drive shaft market size grew 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 automotive drive shaft market size 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. 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. 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. 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 forecast period. The regions covered in the automotive drive shaft market 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 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 automotive lightweight material is engaged in the production of different lightweight materials for the manufacturing of automotive components such as carbon fiber, aluminum, and magnesium among others. Automotive lightweight materials are used in vehicles to decrease weight, increase speed, and improve fuel economy. The main types of materials in the automotive lightweight materials market are metal, composites, plastics, and elastomer. Metals such as high-strength steel, aluminum, magnesium, and titanium are used to make vehicles lighter and more efficient. Composites are made up of a high-performance fiber (such as carbon or glass) and a matrix material (epoxy polymer) that, when mixed, has superior properties to the individual materials. Plastics are used for added strength, flex, rigidity, fatigue resistance, shear strength, and heat resistance. Elastomers are polymers with high viscoelasticity which are used in the production of components that need to withstand extreme temperatures such as hoses, insulators, seals, bushes, engine mounts, and gaskets. The automotive lightweight materials are used for passenger vehicles, light commercial vehicles, and heavy commercial vehicles for manufacturing bodies in white, chassis and suspension, powertrain, closures, interiors, and other parts. The automotive lightweight material market research report is one of a series of new reports from The Business Research Company that provides automotive lightweight material market statistics, including automotive lightweight material industry global market size, regional shares, competitors with a automotive lightweight material market share, detailed automotive lightweight material market segments, market trends and opportunities, and any further data you may need to thrive in the automotive lightweight material industry. This automotive lightweight material 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 lightweight materials market size grew from $101.54 billion in 2022 to $116.44 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. 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 automotive lightweight materials market size is expected to grow to $167.05 billion in 2027 at a CAGR of 9.4%. The surge production of electric vehicles is expected to propel the growth of the automotive lightweight material market over the coming years. Electric vehicles are automobiles that are powered entirely or partially by electricity. Electric vehicles have minimal operating expenses since they have fewer moving parts to maintain, and they are also very eco-friendly because they consume little or no fossil fuels (petrol or diesel). Lightweight materials such as carbon-fibre-reinforced plastic are used in modern electric vehicles, allowing them to run purely on electricity and avoid being classified as hybrids. For instance, according to the Economist Intelligence Unit (The EIU), electric vehicle sales are expected to increase from 2.5 million in 2020 to 3.4 million in 2021 According to a CNBC report published in May 2020, electric vehicle production is expected to rise to at least 1.3 million this year, with the possibility of reaching 1.5 million based on market conditions. Therefore, the increasing production of electric vehicles drives the growth of the automotive lightweight material market. New product developments and compositions are gaining significant popularity in the automotive lightweight material market. Key players in the automotive lightweight materials market are focusing on developing new and innovative products for the market using lightweight materials such as carbon fibre, and aluminium and replacing generic materials. For instance, in 2020, ESE Carbon Co., a US-based composites manufacturer, launched a new carbon fibre wheel that was made with customized fibre positioning and custom presses to reduce waste and increase scalability. Also, in 2021, Italy-based Bucci Composites, a fabricator of composite components and systems for automobile, military, maritime, and industrial uses, announced that it had finished construction of a 22-inch carbon fibre automotive wheel rim with advanced features. In May 2022, Sandvik, a Sweden-based engineering company, acquired Preziss for an undisclosed amount. The acquisition would strengthen the product offerings of Sandvik in the fields of lightweight materials for automotive markets. Preziss is a Spain-based CNC milling and tooling system manufacturer. Major players in the automotive lightweight material market are BASF SE, Covestro AG, LyondellBasell Industries Holdings B.V., Toray Industries Inc., ArcelorMittal, ThyssenKrupp AG, Novelis Inc., Alcoa Corporation, Stratasys Ltd., Owens Corning, Tata Steel, and POSCO. Europe was the largest region in the automotive lightweight material market in 2022. North America was the second-largest market in the automotive lightweight material market. The regions covered in the automotive lightweight material market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive lightweight material market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive lightweight material market consists of sales of high strength steel, aluminum, and magnesium & titanium. 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 global automotive lightweight materials market is segmented - 1) By Material Type: Metals, Composites, Plastics, Elastomer 2) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle 3) By Application: Body In White, Chassis And Suspension, Powertrain, Closures, Interiors, Other Applications

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 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. 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 automotive hvac market size 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 automotive HVAC market. 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. 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. Asia-Pacific was the largest region in the automotive HVAC market in 2022. The regions covered in the automotive HVAC market 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 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

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 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. 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 automotive axle and propeller shaft market size 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 automotive axle and propeller shaft market. 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. 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. 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 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 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

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 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. The global automotive testing, inspection and certification market size grew 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 automotive testing, inspection and certification market size 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. 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. 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. 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 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 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