Automotive Plastics Global Market Report 2023 – By Vehicle Type (Conventional Traditional Vehicles, Electric Vehicles), By Product Type (Polypropylene, Polyurethane, Polyvinylchloride, Polyamide, Acrylonitrile Butadiene Styrene, High Density Polyethylene, Polycarbonate, Polybutylene Terephthalate), By Application (Interior, Exterior, Under Bonnet) – Market Size, Trends, And Global Forecast 2023-2032 

Plastics and rubber products refer to any substance that is a component of one of the many semi- or synthetic solids used in the production of various goods, as well as any elastic substance made from the latex sap of trees-particularly those in the genus Hevea and genus Ficus—that can be vulcanized and finished into a range of goods. The main types of plastics and rubber products are rubber products and plastic products. Plastics are a broad category of synthetic or semi-synthetic compounds made primarily of polymers. Plastics can be shaped, stretched, or compressed into solid objects of diverse shapes due to their fluidity. The different sectors include automotive and transportation, electrical and electronics, medical, construction, and others. The global plastics and rubber products market is segmented - 1) By Type: Rubber Products, Plastic Products 2) By End-User Industry: Automotive & Transportation, Electrical & Electronics, Medical, Construction, Other End Users Subsegments Covered: Tire, Hoses And Belting, Other Rubber Product, Plastics Packaging Materials And Unlaminated Film And Sheet, Plastic Pipes And Shapes, Laminated Plastics Plate, Sheet, And Shape, Plastics Bottle, Urethane And Other Foam Product, Polystyrene Foam Products, Other Plastics Product The global plastics and rubber products market size will grow from $1365.01 billion in 2022 to $1466.92 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. 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 plastics and rubber products is expected to grow to $1899.33 billion in 2027 at a CAGR of 6.7%. New Developments In Packaging - The plastics and rubber products manufacturing industry is affected by the growth of the packaging industry. There are a number of new developments in the packaging industry that will drive the demand for plastic materials. Convenience features, such as resealable packs, easy-to-open stand-up pouches and smaller pack sizes for single-servings are being introduced and more promotional packs and brand extensions are being developed to ensure customer loyalty. These developments in packaging will increase the consumption of plastics and rubber and are driving the market. Major companies in the plastics and rubber products market include The Michelin Group, Bridgestone Corporation, Continental AG, Amcor Limited, Good Year Tire & Rubber Company, Sumitomo Rubber Group, Berry Global Group Inc., The Hankook Tire group, Pirelli & C SpA and Avery dennison. Corona virus Pandemic - The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the plastics and rubber products manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the plastics and rubber products manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Manufacturers in the plastic and rubber products industry are investing in automation technologies to reduce production costs, improve productivity and enhance product quality. The use of sensors and wireless technology aids in gathering valuable data that is used to improve efficiencies and reduce errors. This is resulting in streamlined manufacturing processes, and better product quality at lower costs. According to ABB, an industrial robot manufacturer, some of their customers reported an increase of 15-30% in productivity after installing robotic automation systems. Around 180,000 machines are employed in the plastic manufacturing industry in 2021, an increase of 67,000 machines over the course of 4 years. Major companies providing industrial robotics include FANUC Corporation, Yaskawa Electric Corporation, ABB Group, KUKA AG, and Kawasaki Heavy Industries, Ltd. Asia-Pacific was the largest region in the plastics and rubber products market in 2022. North America was the second largest region in the plastics and rubber products market share. The regions covered in the plastics and rubber products market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plastics and rubber products 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, Vietnam. The plastics and rubber products market consists of sales of polymerproducts, elastic products, and flexible products. 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 plastics and rubber products market research report is one of a series of new reports from The Business Research Company that provides plastics and rubber products market statistics, including plastics and rubber products industry, global plastics and rubber products market size, regional shares, competitors with a plastics and rubber products market share, detailed plastics and rubber products market segments, plastics and rubber products market trends and opportunities, and any further data you may need to thrive in the plastics and rubber products industry. This plastics and rubber products 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 plastic materials are synthetically made final products from polymers and resin is an unprocessed plastic derived from plant oozes. These include nonvulcanizable thermoplastic elastomers, and customized as well as non-customized synthetic resins. The main types of plastic materials and resins are polypropylene-plastic material and resins, high-density polyethylene, polyvinyl chloride, polyethylene terephthalate, polyurethane, low-density polyethylene, polystyrene-plastic material and resins, and other types of plastic material and resins. Polyvinyl chloride is a thermoplastic made of 57% chlorine derived from common salt and 43% carbon derived from ethylene from hydrocarbon feedstocks, sugar crops, crude oil, and natural gas. The applications involved are packaging, housewares, bags, sheets, bottles, fibers, tapes, films, medical materials, and other applications. The end-user industries include the chemical industry, the coating and printing industry, the electronics industry, the food and pharmaceutical industry, and other end-user industries. The global plastic materials and resins market is segmented - 1) By Type: Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Material and Resins 2) By Application: Packaging, Housewares, Bags, sheets, Bottles, Fibers, Tapes, Films, Medical Materials, Other Applications 3) By End User Industry: Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry, Other End-User Industries The global plastic materials and resins market grew from $800.9 billion in 2022 to $885.95 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. 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 plastic materials and resins market is expected to grow to $1301.4 billion in 2027 at a CAGR of 10.1%. New developments in the packaging industry, such as CO2RE foaming technology, big data, and IoT integration, are expected to drive the market going forward. Convenience features, such as resealable packs, easy-opening, stand-up pouches, and smaller pack sizes for single-servings, are being introduced, and more promotional packs and brand extensions are being developed to ensure customer loyalty. Similarly, the recent development of biodegradable plastics, which degrade naturally from the actions of microorganisms such as bacteria, algae, and fungi, is gaining traction. These developments in packaging will increase the consumption of plastics, which will drive the market's growth. Major companies in the plastic materials and resins market include Dow Inc., Sinopec Limited, LyondellBasell Industries Holdings BV, Whitehead Institute for Biomedical Research, BASF SE, INEOS AG, DuPont Inc., Alpek SA.B. de C.V, Alfa SA.B. de C.V, and Exxon Mobil. Oil price volatility is likely to have a negative impact on the plastic materials and resins market as a significant decline and increase in oil prices negatively impact government and consumer spending. The decline in oil prices is having a negative impact on government spending in countries such as Saudi Arabia, Nigeria, and the UAE (United Arab Emirates), which are largely dependent on revenues generated through crude oil exports, whereas a significant increase in oil prices has resulted in a spurt in inflation, current account deficit, and fiscal deficit in countries such as India and China, which predominantly import oil. For instance, the Saudi government is expected to cut down its spending from 1.05 trillion riyals ($280 billion) in 2019 to 1.02 trillion riyals ($270 billion) in 2020 and to 955 billion riyals ($255 billion) by 2022 due to a significant decline in revenues generated from oil exports, thereby affecting the market. This high volatility in the oil process is further expected to negatively impact the market going forward. The search for new characteristics for plastic materials and innovations in the manufacturing process have led to the development of various high-performance plastics. For example, smart polymers are materials that can change based on external environmental stimuli. A product that is a result of a combination of nanotechnology and plastic engineering. These products have high electrical conductivity, dimensional stability, and are also flame retardant, along with resistance to scratches, dents, and heat. These new high-performance plastics have gained rapid acceptance and find their applications in the medical, electronics, food packaging, automotive, and aerospace sectors. For instance, some of the major developments in plastic materials include plastics from potatoes and virgin PET from discarded textile fabric and waste bottles. Asia-Pacific was the largest region in the plastic materials and resins market in 2022. North Americawas the second-largest region in the plastic materials and resins market. The regions covered in the plastic materials and resins market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the plastic materials and resins market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, 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, Ukraine, USA, and Vietnam. The plastic materials and resins market consists of the sales of ryton & kynar, acrylic or polymethyl methacrylate, polycarbonate, and acrylonitrile-butadiene-styrene plastic materials and resins. 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 plastic materials and resins market research report is one of a series of new reports from The Business Research Company that provides plastic materials and resins market statistics, including plastic materials and resins industry global market size, plastic materials and resins market regional shares, competitors with a plastic materials and resins market share, detailed plastic materials and resins market segments, market trends and opportunities, and any further data you may need to thrive in the plastic materials and resins industry. This plastic materials and resins market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the plastic materials and resins industry.

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.

Plastic products refers to a collective term for all the goods produced from a class of materials, either artificial or natural, that can be molded while still soft and subsequently hardened to maintain the desired shape. The processes used in plastic product manufacturing include compression molding, extrusion molding, injection molding, blow molding, and casting. The main types of plastic products are plastics packaging materials and unlaminated film and sheet, plastic pipes and shapes, laminated plastics plate, sheet, and shape, plastics bottle, polystyrene foam products, urethane and other foam product and other plastics product. The plastic material is typically applied for glass-clear packaged foods, such as fresh salads, fruits, cold meats, snacks, and so on. The different technologies include injection molding, extrusion molding, blow molding, others and is used in various sectors such as automotive & transportation, electrical & electronics, medical, construction, others. The global plastic products market is segmented – 1) By Type: Plastics Packaging Materials And Unlaminated Film And Sheet, Plastic Pipes And Shapes, Laminated Plastics Plate, Sheet, And Shape, Plastics Bottle, Polystyrene Foam Products, Urethane And Other Foam Product, Other Plastics Product 2) By Technology: Injection Molding, Extrusion Molding, Blow Molding, Other Technologies 3) By End-User Industry: Automotive & Transportation, Electrical & Electronics, Medical, Construction, Other End Users Subsegments Covered: Bags And Pouches, Films And Sheets, Unlaminated Plastics Profile Shape, Plastics Pipe And Pipe Fitting HDPE Plastic Bottles, PET Plastic Bottles, PP Plastic Bottles, Other Plastic Bottles The global plastic products market size will grow from $990.64 billion in 2022 to $1066.84 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 plastic products is expected to grow to $1395.54 billion in 2027 at a CAGR of 6.9%. The plastics products manufacturing industry is affected by the growth of the packaging industry. There are number of new developments in the packaging industry that will drive the demand for plastic materials. Convenience features, such as resealable packs, easy-to-open stand-up pouches and smaller pack sizes for single-servings are being introduced and more promotional packs and brand extensions are being developed to ensure customer loyalty. These developments in packaging will increase the consumption of plastics and are driving the growth of the plastic products market. Major companies in the plastic products market include Amcor Limited, Berry Global Group Inc., Sealed Air Corporation, Avery dennison, Thyssenkrupp AG, LyondellBasell Industries Holdings BV, Brookfield Asset Management, Sekisui Chemical Co. Ltd., Aptar Group, and 3M Company. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the plastic products manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the plastic products manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy The practice of using 3D printing in plastic manufacturing is becoming more common. This technology produces solid objects from digital designs by building up multiple layers of plastic, resin, or other materials in a precisely determined shape. The speed and flexibility of this technology can promote innovation and reduce time-to-market. The products produced using 3D printers have good mechanical properties like strength and rigidity. For example, Stratasys developed one such color multi-material 3D printer which can combine colors with multi-material 3D printing. The printer uses cyan, magenta, and yellow colors and plastics and elastomers as base materials to print objects with wide ranges of flexibility and rigidity, transparency, and opacity. Asia-Pacific was the largest region in the plastic products market in 2022. North America was the second largest region in the plastic products market share. The regions covered in the plastic products market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the plastic products 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, Vietnam. The plastic products market consists of sales of polystyrene terephthalate, high-density polyethylene, polyvinyl chloride, nylon, polypropylene, casting processes, joining, shearing, and forming processes.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 plastic products market research report is one of a series of new reports from The Business Research Company that provides plastic products market statistics, including plastic products industry, global plastic products market size, regional shares, competitors with a plastic products market share, detailed plastic products market segments, market trends and opportunities, and any further data you may need to thrive in the plastic products industry. This plastic products 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 automotive heat shield is designed to absorb excessive heat by absorbing, reflecting, or dissipating the heat. A good heat shield has a high thermal resistance and high thermal emittance. The heat shield helps in protecting the parts from the heat and also deflects them away or by absorbing them. The main types of automotive heat shields are metallic and non-metallic. Metallic materials include stainless steel, aluminum, and other alloys, whereas non-metallic materials used for manufacturing automotive heat shields include nylon and ceramics among others. The various types of automotive heat shields include single shell, double shell, and sandwich and are applied to exhaust system heat shield, turbocharger heat shield, under bonnet heat shield, engine compartment heat shield, and under chassis. These heat shields are used in passenger cars, light commercial vehicles, and heavy commercial vehicles and are sold through OEM and aftermarket channels to the customers. The global automotive heat shield market is segmented – 1) By Material Type: Metallic, Non-metallic 2) By Vehicle Type: Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle 3) By Product Type: Single Shell, Double Shell, Sandwich 4) By Application: Exhaust System Heat Shield, Turbocharger Heat Shield, Under Bonnet Heat Shield, Engine Compartment Heat Shield, Under Chassis 5) By Sales Channel: OEM, Aftermarket The global automotive heat shield market size will grow from $13.36 billion in 2022 to $14.49 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. 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 heat shield is expected to grow to $19.34 billion in 2027 at a CAGR of 7.5%. The growing focus on heat shields made of lightweight material is contributing to the growth of the automotive heat shield market. This type of heat shield decreases the weight of the car and also improves its efficiency. A lightweight heat shield provides thermal protection and increases the overall performance of the car as compared to heavy material. According to the Office of Energy Efficiency & Renewables Energy, a 10% reduction in vehicle weight can save up to 6-8% of fuel. The usage of lightweight components and efficient engines in one-quarter of the US fleet can save up to 5 billion gallons of fuel annually by 2030. Moreover, lightweight heat shields insulated with melamine foam can withstand up to 1000 °F. Another type of heat shield made with a thin layer of hydrophobic melamine foam for spot heat fix is temperature rated to 800 °F, the two heat shields are 98% reflective. The lightweight heat shield offering fuel efficiency and thermal protection is increasing focus on lightweight heatshield, which in turn driving the growth of the automotive heat shield market. Major players in the automotive heat shield market are Autoneum, Carcoustics, Dana Incorporated, Elringklinger, Lydall, Morgan Advanced Materials, Tenneco, UGN, Covpress, DuPont, Federal-Mogul Corporation, Happich, Sumitomoriko, Talbros Automotive Components, Tuopu, Zhuzhou Times, and Zircotec. Soundproof heat shields are increasingly being used to meet some of the government rules for noise reduction. For instance, Autoneum, a Swiss-based leading manufacturer in thermal insulation of vehicles and vehicle acoustics has come up with acoustic heat shields built from Autoneum’s RIMIC technology which reduces noise emission of the vehicle. It changes over the airborne sound into thermal energy and absorbs it. The heat shield can absorb high-frequency sounds ranging from 2-6 kHz. Several car manufacturers including BMW, Mercedes Benz, and Volvo among others are using these types of heat shields. In November 2020, Talbros Automotive Components Ltd., an India-based company that manufactures automotive & industrial gaskets signed a technical assistance agreement (TAA) with Sanwa Packing Industry Co. Ltd. for lightweight aluminium heat shields. The Nimbus product of the lightweight aluminium heat shield by Sanwa is the world's first aluminium light-weight heatshield for exhaust systems. This product will be a strong support to OEMs in building BS-VI products. Sanwa Packing Industry Co. Ltd. is a Japan-based company that manufactures gaskets, packing, and sealing devices. Asia-Pacific was the largest region in the automotive heat shield market in 2022. Europe was the second-largest region in the automotive heat shield market share. The regions covered in the automotive heat shield market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive heat shield market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive heat shield market consists of sales of fixed, or rigid heat shield and flexible heat shield. 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 heat shield market research report is one of a series of new reports from The Business Research Company that provides automotive heat shield market statistics, including automotive heat shield industry global market size, regional shares, competitors with a automotive heat shield market share, detailed automotive heat shield market segments, market trends and opportunities, and any further data you may need to thrive in the automotive heat shield industry. This automotive heat shield 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.

Vehicle to Everything (V2X) is a communication system used in a vehicle that supports the exchange of the from a vehicle to moving components of the traffic system that may have an impact on the vehicle. The technology improves traffic efficiency by notifying drivers to approach traffic, offering other routes to avoid traffic, and spotting unoccupied parking spaces. The main types of technologies in automotive V2X are emergency vehicle notification, automated driver assistance, passenger information system, line of sight, others, and has various connectivities such as DSRC and cellular. The emergency vehicle notification technology provides an emergency vehicle notification system which is a method for notifying traffic of an approaching emergency vehicle. The different vehicle types include passenger cars and commercial vehicles. The several types of communications involved in automotive V2X are vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), vehicle-to-grid (V2G), vehicle-to-cloud (V2C), and vehicle-to device (V2D). The global automotive v2x market is segmented - 1) By Technology: Emergency Vehicle Notification, Automated Driver Assistance, Passenger Information System, Line of Sight, Other Technologies 2) By Vehicle Type: Passenger Cars, Commercial Vehicles 3) By Connectivity: DSRC, Cellular 4) By Communication: Vehicle-To-Vehicle (V2V), Vehicle-To-Infrastructure (V2I), Vehicle-To-Pedestrian (V2P), Vehicle To-Grid (V2G), Vehicle-To-Cloud (V2C), Vehicle-To Device (V2D) The global automotive V2X market size will grow from $0.77 billion in 2022 to $1.1 billion in 2023 at a compound annual growth rate (CAGR) of 43.5%. 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 V2X is expected to grow to $4.77 billion in 2027 at a CAGR of 44.1%. The increase in demand for fully autonomous vehicles is expected to propel the growth of the automotive V2X market in the coming years. Autonomous vehicles are defined as self-driving vehicles that move without any human intervention or require very little human intervention. V2X offers an advantage in automatic vehicles since it delivers information about objects that other sensors are unable to detect. Also, it can improve traffic efficiency by giving information about traffic signals. For instance, in July 2021, according to Close Brothers Asset Finance, a UK-based firm providing advice and investment management services, it is expected 73% of all cars will have some level of autonomy (Levels 1-3) by 2025 in the UK and while 40% of people polled would be willing to use fully autonomous or semi-autonomous cars. Thus, the increasing demand for fully autonomous vehicles drives the automotive V2X market growth. Major players in the automotive V2X market are Autotalks Ltd., Continental AG, Denso Corporation, Harman International, Infineon Technologies AG, NXP Semiconductors, Qualcomm Technologies Inc., Robert Bosch, Cohda Wireless, STMicroelectronics, TE Connectivity Ltd., Qorvo Inc., Ford Motor Company, Danlaw Inc., and Amphenol Corporation. The growing technological advancements such as LTE-V2X technology are a key trend gaining popularity in the automotive V2X market. LTE-V2X technology is an innovative information and communication technology that is used in road transportation systems to allow information to be exchanged between vehicles, humans, networks, and infrastructure. Major companies operating in the automotive V2X sector are focused on developing LTE-V2X technology to strengthen their position. For instance, in September 2022, Cohda Wireless, an Australia-based developer of safe vehicle and connected vehicle design solutions and services, launched the MK6 Road-Side Unit (RSU) to enhance communication technology in connected vehicles. MK6 Road-Side Unit (RSU) is a sophisticated and adaptable vehicle-to-everything connectivity solution to assist the adoption of connected cars on the world's smartest roads and highways with comprehensive communication capabilities which includes DSRC, C-V2X, LTE/5G, and Wi-Fi/Bluetooth and provides users with the reliability, flexibility, and interoperability they require to embark on deployments anywhere in the world. In February 2021. Harman International, a US-based company focused on connected devices for automotive in customer and enterprise markets acquired the resources of Savari, Inc., for an undisclosed amount. With the acquisition of Savari, Harman International aims to improve its car telematics and Advanced Driving Assistance Systems (ADAS) related to the automotive v2x market, and extend the organization's qualities in 5G Edge, Multi-Access Edge Computing (MEC). Savari is a US-based automotive innovation company creating new technologies in vehicle-to-everything technology (V2X) and 5G Edge markets. North America was the largest region in the automotive V2X market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive V2X report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive V2X market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automotive V2X market includes revenues earned by entities by offering optimize traffic flow, reduce traffic congestion and lessen the environmental impact of transportation. 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 V2X market research report is one of a series of new reports from The Business Research Company that provides automotive V2X market statistics, including automotive V2X industry global market size, regional shares, competitors with a automotive V2X market share, detailed automotive V2X market segments, market trends and opportunities, and any further data you may need to thrive in the automotive V2X industry. This automotive V2X 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 halogen bulbs are defined as bulbs that use halogen gas inside the bulbs to increase light output and rated life. The main products of automotive halogen bulbs are halogen short-arc lights, halogen long-arc lights, and halogen flashlights. Halogen long-arc lights produce light by maintaining an electric arc across a gap between two conductors, light comes from both the heated ends of the conductors (usually carbon rods) and the arc itself. Arc lamps are used in high-brightness applications such as searchlights, large film projectors, and floodlights. Automotive halogen bulbs are used in passenger vehicles and commercial vehicles for OEM and aftermarket applications. The global automotive halogen bulbs market is segmented - 1) By Product: Halogen Short-Arc Lights, Halogen Long-Arc Lights, Halogen Flash Lights 2) By Application: OEMs, Aftermarket 3) By Vehicle Type: Passenger Vehicle, Commercial Vehicle The global automotive halogen bulbs market size will grow from $9.28 billion in 2022 to $10.91 billion in 2023 at a compound annual growth rate (CAGR) of 17.5%. 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 halogen bulbs is expected to grow to $13.93 billion in 2027 at a CAGR of 6.3%. Lower cost benefits of halogen in headlights over other headlight types are expected to increase the demand for automotive halogen bulbs market. These bulbs are used in projector bulbs in headlights and incorporate low replacement costs and lesser energy consumption as compared to incandescent bulbs. Furthermore, properties such as a decent lifespan of around 1000 hours under normal conditions and government regulations for more efficient bulbs will continue to drive growth of the automotive halogen bulbs market. Major players in the automotive halogen bulbs market are GE Lighting, Philips Lighting, Osram Group, HELLA, Magneti Marelli, Toshiba, Eaton Cooper, Panasonic, and Koito Manufacturing. The growing popularity of LED and laser headlights in cars and bikes is acting as a restraint on the automotive halogen bulbs market. LED and laser headlights are compact in size and have high light emission power compared to halogen headlights. In addition, LED and laser headlights have a lifespan of over 20,000 hours, much higher than halogen bulbs. For instance, Osram supplied its laser headlamps for use in the BMW i8 and Audi R8 LMX car models. Manufacturers are increasingly offering dual-beam halogen bulbs to cater to the increasing demand from the automobile industry. These products consist of dual metal filaments that produce a high-energy dual-beam pattern comprising of a high beam and a low beam. The beams generated are of high light-emitting power. H4, H7, and H13 are some of the types of dual filament halogen bulbs. For instance, Phoenix Lamps, an India-based lighting manufacturer, manufactures and supplies the dual filament halogen lamps namely H4 & HS1 lamps used in four-wheelers and commercial vehicles to automotive companies such as Piaggio, Mahindra, BMW, and Volkswagen. In April 2022, Suprajit Engineering, an India-based mechanical cable and halogen bulb manufacturer acquired Kongsberg Automotive ASA for a deal of $ 42 million. Through this acquisition, Suprojit Engineering aims to acquire the actuation technology and making Electro-Magnetic Actuators (EMA). Kongsberg Automotive ASA is a Norway-based automotive part manufacturer. Asia-Pacific was the largest region in the automotive halogen bulbs market in 2022. North America was the second-largest region in the automotive halogen bulbs market share. The regions covered in the global automotive halogen bulbs 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 halogen bulbs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The automotive halogen bulbs market consists of sales of automotive halogen short-arc lights, automotive halogen long-arc lights, automotive halogen flashlights, and other automotive halogen bulbs. 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 halogen bulbs market research report is one of a series of new reports from The Business Research Company that provides automotive halogen bulbs market statistics, including automotive halogen bulbs industry global market size, regional shares, competitors with an automotive halogen bulbs market share, detailed automotive halogen bulbs market segments, market trends and opportunities, and any further data you may need to thrive in the automotive halogen bulbs industry. This automotive halogen bulbs 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 automotive wheel is responsible for turning, operating, and directing the vehicle's direction and speed. The automotive wheel counteracts all the forces that the vehicle is subjected to during operation and balancing the vehicle's entire weight. The main material types of automotive wheels are steel, alloy, carbon fiber, and others. Steel wheels are constructed from an iron-carbon alloy. They're heavier, but they're more robust and can be repaired and refinished more easily. The different vehicle types include passenger vehicle, light commercial vehicle, heavy commercial vehicle and are available in various rim sizes such as 13"-15", 16"-18", 19"-21", above 21". The different classes of a vehicle include economy, mid-priced, and luxury-priced and are implemented in various verticals such as OE and aftermarket. The global automotive wheel market is segmented – 1) By Material: Steel, Alloy, Carbon Fiber, Other Materials 2) By Vehicle Class: Economy, Mid-Priced, Luxury-Priced 3) By Vehicle Type: Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle 4) By Rim Size: 13"-15", 16"-18", 19"-21", Above 21" 5) By End-Use: OE, Aftermarket The global automotive wheel market size will grow from $34.5 billion in 2022 to $38.38 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. 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 wheel is expected to grow to $49.71 billion in 2027 at a CAGR of 6.7%. Growing vehicle production is expected to propel the growth of the automotive wheel market. The wheel is an important component of a car, and its demand is directly related to the automobile industry. The increased production of vehicles year by year will increase the demand for automotive wheels. According to the International Organization of Motor Vehicle Manufacturers (OICA), the production of all vehicles increased from 18.03 million in Jan-March 2020 to 21.08 million in Jan-March 2021. Thus, the rising vehicle production is expected to boost the demand for automotive wheels during the forecast period. Major players in the automotive wheel market are IOCHPE Maxion, Superior Industries International, Accuride Corporation, Steel Strips Wheels, Hitachi Metals, Citic Dicastal, Zhejiang Wanfeng Auto Wheel, Borbet, Mangels Industrial, Mefro Wheels, Ronal Group, CLN Group, Wanfeng Auto Holding Group, Foshan Nanhai Zhongnan Aluminum Wheel Co, and Super Alloy Industries. Advancements in technology are shaping the automotive wheels market. Major players operating in the sector of the automotive wheel are focused on developing technologically advanced solutions for automotive wheels to strengthen their position in the industry. For instance, in April 2021, Bucci Composites, a manufacturer of composite materials and structures for automotive, marine, aerospace, and industrial applications, announced the completion of the construction of a 22-inch fully carbon fiber automotive wheel rim based on high-pressure resin transfer molding (HP-RTM) technology with features not found on competing wheels. The process was optimized, and the technology employed was of a high grade, resulting in significant cost savings while still meeting the automobile sector's production rates. In December 2020, Wheel Pros, a US-based automotive aftermarket wheels manufacturer, acquired TSW Alloy Wheels for an undisclosed amount. Through this acquisition, TSW Alloy wheels provided a great opportunity for Wheel Pros to expand their customer relationships with new and exciting products. TSW Alloy Wheels is a US-based manufacturer of high-end luxury wheels for the automotive aftermarket. Asia-Pacific was the largest region in the automotive wheel market in 2022. The regions covered in automotive wheel market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive wheel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive wheel market consists of sales of steel wheels, forged and cast wheels, and split rim wheels. 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 wheel market research report is one of a series of new reports from The Business Research Company that provides automotive wheel market statistics, including automotive wheel industry global market size, regional shares, competitors with an automotive wheel market share, detailed automotive wheel market segments, market trends and opportunities, and any further data you may need to thrive in the automotive wheel industry. This automotive wheel 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.