Automotive Wheel Global Market Report 2023 – By Material (Steel, Alloy, Carbon Fiber, Other Materials), By Vehicle Class (Economy, Mid Priced, Luxury Priced), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), By Rim Size (13" 15", 16" 18", 19" 21", Above 21"), By End Use (OE, Aftermarket) – Market Size, Trends, And Global Forecast 2023-2032

The automotive wheel aftermarket is used to replace damaged parts in automobiles and other equipment. Aftermarket parts refer to replacement parts that are not manufactured by the original equipment manufacturer. These are manufactured by a third party for every type of vehicle. These aftermarket parts are low in cost when compared to the original parts. The main types of automotive wheels aftermarkets are new wheel replacement and refurbished wheel fitment. The new wheel replacement market is involved in the replacement of damaged wheels with new aftermarket wheels. These are wheels that are exact replicas of the wheels that are made by independent manufacturers and made to fit multiple vehicles. The various materials used are alloys, steel and others. The various types of liquid coatings are liquid coatings and powdered coatings that are used in different vehicle types, including passenger cars, lightweight commercial vehicles, heavy trucks, buses and coaches, and trailers. It is distributed through several channels, such as retail, wholesalers, and distributors. The global automotive wheel aftermarket market is segmented - 1) By Aftermarket Type: New Wheel Replacement, Refurbished Wheel Fitment 2) By Material Type: Alloy, Steel, Other Materials 3) By Coating Type: Liquid Coating, Powdered Coating 4) By Vehicle: Passenger Cars, Lightweight Commercial Vehicles, Heavy Trucks, Buses and Coaches, Trailers 5) By Distribution Channel: Retail, Wholesalers and Distributors The global automotive wheel aftermarket market size will grow from $4.62 billion in 2022 to $4.93 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive wheel aftermarket is expected to grow to $6.12 billion in 2027 at a CAGR of 5.6%. Increasing sales of passenger cars are expected to propel the growth of the automotive wheel aftermarket market going forward. Cars are four-wheeled vehicles used for transportation. Aftermarket wheels are available for a wide range of vehicles and are less expensive. They are in high demand for automobiles and are used as replacement wheels more frequently in cars. For instance, according to the Federation of Automobile Dealers Associations (FADA), an India-based apex national body of the automobile retail industry, for the year 2021, passenger car sales increased annually by 39%, that is, from 1,82,651 units in 2020 to 2,53,363 units in 2021 India. In addition, commercial vehicle sales increased 98% annually, from 26,851 units in 2020 to 53,150 units in 2021. Therefore, the increasing sales of passenger cars are driving the growth of the automotive wheel aftermarket market. Major players in the automotive wheel aftermarket market are Konig Wheels, Ronal AG, Beyern Wheels Company, Enkei Corporation, Maxion Wheels U.S.A. LLC, AEZ Leichtmetallräder GmbH, Superior Industries Inc., TSW Alloy Wheels, BBS Kraftfahrzeugtechnik AG, Philippine Aluminum Wheels Inc., Anhui Xingda Auto Parts Technology Co Ltd., Lenso Wheels, MSW Wheels, and Zhejiang Jinxuan International Trade Co Ltd. New product innovations have emerged as the key trend gaining popularity in the automotive wheel aftermarket market. Major companies in the automotive aftermarket sector are focused on introducing advanced products to increase their market coverage. For instance, in September 2021, Borbet, a Germany-based company that manufactures light alloy wheels, launched new rims with a unique CWZ design that contains five double-spoke designs. It is suitable for vehicles with wheel loads of up to 1,250 kilograms. Vehicles such as VW Crafter, Amarok, T5 and T6, and Mercedes V-Class are suitable for this type of rim. These are durable and can run for a long period of time. In August 2020, Wheel Pros, a US-based manufacturer of automotive aftermarket wheels and accessories, acquired Borbet GmbH for a deal amount of $3.35 billion. This acquisition helps Wheel Pros in the manufacturing of new model light-alloy wheels and wheel rims and also helps to expand its business all over Germany. Borbet GmbH is a German-based company that manufactures light-alloy wheels. North America was the largest region in the automotive wheel aftermarket market in 2022. The regions covered in the automotive wheel aftermarket 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 wheel aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive wheel aftermarket market includes revenue earned by entities by automotive wheel made of aluminum and carbon fiber. 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 wheel aftermarket market research report is one of a series of new reports from The Business Research Company that provides automotive wheel aftermarket market statistics, including automotive wheel aftermarket industry global market size, regional shares, competitors with an automotive wheel aftermarket market share, detailed automotive wheel aftermarket market segments, market trends and opportunities, and any further data you may need to thrive in the automotive wheel aftermarket industry. This automotive wheel aftermarket 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 automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, supply, retail, and installation of all vehicle parts, tools, machines, and accessories for light and heavy vehicles, after the sale of the automobile by the OEM (original equipment manufacturer). Aftermarket parts, also called generic parts or non-OEM parts, are made by a manufacturer other than the vehicle's original manufacturer. These parts perform the same function as the original part and can be utilized as a replacement for original parts during repair and maintenance. The main product types in the automotive aftermarket market are tires, batteries, brake parts, filters, body parts, lighting and electronic components, wheels, exhaust components, and turbochargers. These products are used in the maintenance and repair process of automobiles. By certification outlook, the main types of automotive aftermarket products are genuine parts, certified parts, and uncertified parts. Automotive aftermarket products are mainly used in passenger cars and commercial vehicles. These products are mainly sold through offline and online distribution channels. The global automotive aftermarket market is segmented – 1) By Types: Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Turbochargers 2) By Vehicle Type: Passenger Cars, Commercial Vehicles 3) By Certification Outlook: Genuine Parts, Certified Parts, Uncertified Parts 4) By Distribution Channels: Offline Distribution Channel, Online Distribution Channel The global automotive aftermarket market size will grow from $352.39 billion in 2022 to $411.81 billion in 2023 at a compound annual growth rate (CAGR) of 16.9%. 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 size of automotive aftermarket market is expected to grow to $727.99 billion in 2027 at a CAGR of 15.3%. Increasing sales of pre-owned and new vehicles are driving the automotive aftermarket market. For instance, as of 2021, consumers’ preference to purchase cars has almost reached pre-COVID-19 levels, mainly supported by demand in the United States and China, with new cars at 94% and used cars at 97% compared to pre-COVID-19 levels. In addition, there has been a significant increase in purchase intent for electric vehicles. So, the increasing preference for new and pre-owned vehicles is driving the demand for automotive aftermarket. Major players in the automotive aftermarket market are 3M Multinational conglomerate company, Continental AG, Delphi Automotive PLC, Federal-Mogul Corporation, COOPER TIRE & RUBBER COMPANY, Magneti Marelli S.p.A., Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, AISIN SEIKI CO., LTD., Royal Dutch Shell PLC, Lear Corporation, Exide Technologies, Inc., Johnsons Controls Inc., and Goodyear Tire & Rubber Company. Technology advancement is a key trend gaining popularity in the automotive aftermarket market. Automotive aftermarket companies are increasingly using digital technologies and going online. For instance, in 2020, Continental, a technology company offering solutions to the automotive industry, introduced a online portal for the automotive aftermarket. It helps to easily identify the suitable spare parts from the range of offer by workshops and dealers. In 2021, Spiffy, a mobile car care, technology, and services company, announced a partnership with RepairPal, an auto repair network. With this partnership, Spiffy fleet customers can access independent auto repair shops in RepairPal’s network. RepairPal’s is a US-based company that offers car owners with free car repair estimation and relates them with reliable shops that accurate fair prices, quality parts. Asia-Pacific was the largest region in the automotive aftermarket market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive aftermarket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Automotive Aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive aftermarket includes revenue earned by entities by vehicle parts, equipment, replacement tires, service repair, collision repair and accessories. 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 aftermarket research report is one of a series of new reports from The Business Research Company that provides automotive aftermarket statistics, including automotive aftermarket industry global market size, regional shares, competitors with automotive aftermarket share, detailed automotive aftermarket segments, market trends and opportunities, and any further data you may need to thrive in the automotive aftermarket industry. This automotive aftermarket 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.

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

An automotive fuse is defined as an electrical component used in automobiles that protects other components, electronics, and cables from damage caused by excessive current flow. All fuses have a rating which refers to the maximum amount of amperage/voltage that the fuse can handle before it fails. The main types of the automotive fuse by fuse type include blade, glass tube, semiconductor, and others. Blade fuses are used in cars built today while fuses have a plastic body with two metal prongs. Glass tubes are used in an assortment of vehicles and accessory applications. Semiconductor fuses are used in limiting current. By voltage, automotive fuses are segmented into 12 and 24V, 24-48V, 49-150V, 151-300V, and >300V. By application, automotive fuses are segmented into auxiliary fuse, charge inlet fuse, battery fuse, and engine fuse. Automotive fuses are mainly used in passenger cars and commercial vehicles and sold through OEM and aftermarket sales channels. The global automotive fuse market is segmented - 1) By Vehicle Type: Passenger Car, Commercial Vehicle 2) By Fuse Type: Blade, Glass Tube, Semiconductor, Other Types 3) By Application: Auxiliary Fuse, Charge Inlet Fuse, Battery Fuse, Engine Fuse, Other Applications 4) By Sales Channel: OEM, Aftermarket 5) By Voltage: 12 and 24 V, 24–48 V, 49–150 V, 151–300 V, >300 V The global automotive fuse market size grew from $17.15 billion in 2022 to $18.21 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. 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 the automotive fuse is expected to grow to $23.17 billion in 2027 at a CAGR of 6.2%. The growing need for electronic components in the automobile industry is expected to drive the growth of the automotive fuse market over the coming years. With the growth of technology, there is an increase in the implementation of new electronics in automobiles. New technologies such as autonomous technology, self-driving systems, and the onboard computer that controls a wide range of functions like vehicle temperature, GPS, and even exhaust emission, require a lot of new electrical equipment to work. For instance, according to Roland Berger’s study published in January 2020, Electronic modules for a typical premium vehicle cost $3,145. According to the analysis, the cost of a semi-autonomous, electric automobile will more than double to $7,030 by 2025. Therefore, the growing need for electronic components in the automobile industry is driving the growth of the automotive fuse market. Major players in the automotive fuse market are Eaton Corporation, Littelfuse, MERSEN S.A., SCHURTER Inc., SIBA, Sensata Technologies, Carling Technologies Inc., Mouser Electronics, OptiFuse, AEM, Blue Sea Systems, GLOSO TECH Inc., ON Semiconductor, Fuzetec Technology Co. Ltd., Pacific Engineering Corporation, Dongguan Better Electronics Tech. Co. Ltd., Anixter, and NTE Electronics Inc. Improved quality and development of fully insulated chips are providing an opportunity to expand the use of automotive fuses. This can be attributed to the fact that better quality fully insulated chips will be more powerful and energy-efficient which implies a wider user base. For instance, in September 2022, Novosense Microelectronics Co Ltd., a China-based manufactures and sells integrated sensor chips, isolation and interface chip, launched a collection of automotive-qualified chips NOVOSENSE automotive-qualified LDO NSR31/33/35 family chips are specifically developed for use in systems powered by vehicle batteries. They are excellent for automotive applications requiring high standby power consumption due to their ultra-low static power consumption of 5uA and low drop-out voltage. In May 2021, Mersen, a French international company that operates within two key business segments: Advanced Materials and Electrical Power acquired Fusetech, a market-leading fuse manufacturer. Due to this acquisition Mersen aims to ramp up fuse production as well as integrate a high-performance location to manufacture its next goods. Fusetech was a 50:50 joint venture between Mersen and Hager before the takeover. Asia-Pacific was the largest region in the automotive fuse market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive fuse market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive fuse market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive fuse market consists of sales of glass tubes, blades, semiconductors, and other automotive fuses. 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 fuse market research report is one of a series of new reports from The Business Research Company that provides automotive fuse market statistics, including automotive fuse industry global market size, regional shares, competitors with an automotive fuse market share, detailed automotive fuse market segments, market trends and opportunities, and any further data you may need to thrive in the automotive fuse industry. This automotive fuse 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.

Automotive gaskets and seals refer to components that are utilized between rotating engine parts, pumps, and shafts and are employed as static seals whenever a union or flange is needed to prevent leakage, as opposed to gaskets, which seal connections between two components or flanges with flat surfaces. Gaskets are usually used as static seals to seal a connection between two components that have flat surfaces, whereas seals are used between engine parts that rotate. Both gaskets and seals offer high flexibility, reliability, strength, and resistance to extreme heat. They can also sustain extreme pressures, compressive loads, and temperature variations. The main types of automotive gaskets and seals by material include fiber, graphite, PTFE, rubber, and silicone. Fiber gaskets and seals are mainly used in the chemical and petroleum product manufacturing industries. PTFE has a gasket material that has strong chemical resistance properties. Rubber seals are widely used to prevent leakage of air, chemicals, gases, or liquids. Silicone gaskets have excellent resistance to aging, chemicals, fire, fungal growth, heat, water, and ozone. Major end-users of gaskets and seals include the automotive, aerospace, machinery, electronics and electrical, and marine and rail industries. The global automotive gaskets and seals market is segmented - 1) By Material: Fiber, Graphite, PTFE, Rubber, Silicones 2) By Product Type: Gaskets, Seals 3) By End Use: Automotive, Aerospace, Machinery, Electronics & Electrical, Marine & Rail The global automotive gaskets and seals market size grew from $16.29 billion in 2022 to $17.33 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the automotive gaskets and seals is expected to grow to $22.34 billion in 2027 at a CAGR of 6.6%. The increase in demand for electric vehicles is driving the automotive gaskets and seals market. Gaskets and seals are used in many EV applications such as battery packs to provide environmental sealing and insulation. As of 2020, there were 10 million electric vehicles on the roads globally. In 2020, global electric car sales reached about 3 million, with new electric car registrations increasing by 40%. Therefore, the rapidly growing demand for electric vehicles is supporting the growth of the automotive gaskets and seals market. Major players in the automotive gaskets and seals market are Freudenberg, Elringklinger, Dana, SKF, Trelleborg, Tenneco(Federal-Mogul), and Flowserve Corporation. 3D printing is increasingly being used in the manufacturing of automotive gaskets and seals. 3D printing or additive manufacturing is the process of making three-dimensional objects from a digital file. By using 3D printing, manufacturers can economically and efficiently create gaskets of varying dimensions as per applications. For example, DP Seals, a leading global supplier of custom seals, gaskets and molding uses 3D printing rubber seals to identify design faults and accelerate the development process. Asia-Pacific was the largest region in the automotive gaskets and seals market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive gaskets and seals market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive gaskets and seals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive gaskets and seals market consists of sales of metal, plastic, composites, envelope gaskets, ring gaskets, and valve cover gaskets. 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 gaskets and seals market research report is one of a series of new reports from The Business Research Company that provides automotive gaskets and seals market statistics, including automotive gaskets and seals industry global market size, regional shares, competitors with automotive gaskets and seals market share, detailed automotive gaskets and seals market segments, market trends and opportunities, and any further data you may need to thrive in the automotive gaskets and seals industry. This automotive gaskets and seals 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.