OTR Tires Global Market Report 2023 –By Type (Radial Tires, Bias Tires, Solid Tires, Other Types), By Process (Pre Cure, Mold Cure), By Vehicle Type (Loaders, Dump Truck, Graders, Cranes, Dumpers, Tractors, Forklifts), By Sales Channel (Original Equipment Manufacturer, Aftermarket), By End User (Construction and Mining, Industrial, Agricultural, Other End Users) – Market Size, Trends, And Global Forecast 2023-2032

Ethylene propylene is a type of synthetic rubber formed as a terpolymer of ethylene, propylene, and a diene component. It is resistant to heat and electricity and is non-reactive towards acids and alkali compounds. Ethylene propylene is used in weather-stripping and seals, glass-run channels, radiators, garden and appliance hoses, tubing, belts, and electrical insulation. The main product types of ethylene-propylene are solution polymerization and suspension polymerization. Solution polymerization is the polymerization that takes place in a solution. The presence of a solvent prevents the viscosity of the reaction mixture from becoming too high, which is beneficial for fluid flow and heat transfer. The various applications involved are automotive, building and construction, plastic modification, lubricant additives, wires and cables, and tires and tubes. The global ethylene propylene (EPDM) market is segmented - 1) By Product Type: Solution Polymerization, Suspension Polymerization 2) By Application: Automotive, Building & Construction, Plastic Modification, Lubricant Additive, Wires & Cables, Tires & Tubes The global ethylene propylene (EPDM) market size will grow from $6.08 billion in 2022 to $6.69 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global ethylene propylene (EPDM) is expected to grow from $9.45 billion in 2027 at a CAGR of 9.0%. The use of ethylene propylene (EPDM) market across various industries contributes to the growth of the ethylene-propylene market. In the automotive industry, EPDM products bond well with metals by providing a well-built barrier against the environment. EPDM possesses properties such as heat resistance, abrasion resistance, oil swell resistance, flame retardance, oxidation, ozone, and weather ageing due to its stable, saturated polymer backbone structure. Companies such as BRP manufacturing are providing EPDM for the automotive industry that includes under-the-hood, cabin pressure-equalizing assemblies, interior trim, and striker plate blinds. Thus, the usage of EPDM in different industries is contributing to the EPDM market's growth. Major players in the ethylene propylene (EPDM) market are The Dow Chemical Company, Exxon Mobil Corporation, Johns Manville, Inc., KUMHO POLYCHEM, Lanxess AG, Lion Elastomers LLC., Mitsui Chemicals, Inc., SK Global Chemical Co. Ltd., Sumitomo Chemical Co., Ltd., and Versalis S.p.A. The release of volatile organic compounds (VOCs) while manufacturing ethylene-propylene causes environmental pollution, which is challenging the growth of the EPDM market. VOCs consist of different chemicals that show adverse effects on human health as well as on the environment as they release fine particulates into the atmosphere, resulting in the formation of smog and reduced visibility. For instance, to avoid harmful emissions of VOCs, the Hong Kong government has implemented various regulations, such as products exceeding normal emissions of VOCs not allowed in the country. Thus, the increased release of VOCs from producing ethylene propylene is limiting the ethylene propylene (EPDM) market growth. The increasing demand for ethylene propylene diene monomer (EPDM) rubber produced from bio-based feedstock acts as a key trend driving the growth of the EPDM market. Renewable EPDM rubber uses raw materials such as sugar and glycerin to replace traditional feedstock such as isoprene and butadiene in synthetic rubber production to reduce greenhouse emissions and to achieve sustainability. For instance, Keltan, a Netherlands-based company, produced the first commercial bio-based feedstock, KELTAN ECo., based on renewable raw materials. Therefore, renewable ethylene propylene (EPDM) market rubber is expected to increase the market share of the ethylene propylene (EPDM) market. Asia-Pacific was the largest region in the ethylene-propylene market in 2022. Middle East was the second-largest region in the ethylene propylene (EPDM) market report. The regions covered in the ethylene propylene (EPDM) analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the ethylene propylene (EPDM) market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The ethylene propylene (EPDM) market consists of the sales of ethylene propylene made with ethylene and propylene alone, and ethylene propylene made with small amounts of a diene (generally ethylidene norbornene or 1,4-hexadiene). 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 the ethylene propylene (EPDM) 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 ethylene propylene (EPDM) market research report is one of a series of new reports from The Business Research Company that provides ethylene propylene (EPDM) market statistics, including ethylene-propylene industry global market size, regional shares, competitors with an ethylene-propylene market share, detailed ethylene-propylene market segments, market trends and opportunities, and any further data you may need to thrive in the ethylene propylene (EPDM) market industry. This ethylene-propylene 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.

Passenger car aftermarket refers to services that provide manufacturing, remanufacturing, distribution, retailing, and installation of replacement, equipment, service repair, and automotive accessories. The main types of passenger car aftermarket are tires, batteries, brake parts, filters, body parts, lighting, wheels, exhaust components, turbochargers, and others. A tire, sometimes known as a tire, is a ring-shaped device that covers the rim of a wheel to carry a vehicle's load from the axle to the ground while also providing grip on the surface over which the wheel moves. The different Certifications include genuine parts, certified parts, and uncertified parts and are available through various distribution channels such as retailers (OEMs, repair shops), wholesalers, and distributors. The global passenger cars aftermarket market is segmented - 1) By Type: Tires, Battery, Brake parts, Filters, Body parts, Lighting, Wheels, Exhaust components, Turbochargers, Other Types 2) By Distribution Channel: Retailers (OEM's, Repiar Shops), Wholesalers & Distributors 3) By Certifiations: Genuine Parts, Certified Parts, Uncertified Parts The global passenger cars aftermarket market size grew from $226.33 billion in 2022 to $238.18 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. 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 global passenger cars aftermarket is expected to grow from $290.21 billion in 2027 at a CAGR of 5.1%. Increasing the average lifespan of a car is one of the major drivers of the passenger car aftermarket market as it leads to an increase in consumers’ regular maintenance and scheduled servicing of the vehicle. The lifespan of the car describes the maximum service life in terms of mileage and time. Changing wheels, batteries, spark plugs, and air filters play a significant role in prolonging the life of a vehicle. According to IHS automotive Markit in 2021, the typical age of cars on the road in the US increased to 12.1 years from 11.9 years old in 2020. Thus, increasing the average lifespan of a car is propelling a passenger car aftermarket market. Major players in the passenger car aftermarket market report are Denso Corporation, Robert Bosch Gmbh, Continental AG, 3M company, Delphi Automotive PLC., ZF friedrichshafen AG, Magneti Marelli S.p.A, Cooper tire & Rubber Company, Federal -Mogul Corporation, Goodyear tire & rubber company, Aisin Seiki Co., Valeo, Sumitomo Electric Industries Ltd., Aptiv PLC., MAHLE GmbH, Schaeffler AG, ACDelCo., Mobileye, Eaton, Schaeffler Technologies AG, Lear Corporation, Yazaki Corp., Akebono Brake Corporation, American Axle & Manufacturing, Bridgestone Corporation, Gates Corporation, Hyundai Mobis Co. Ltd., Kumho Tires, Exide Technologies and Pirelli & C. S.p.A. Many companies are offering extended warranties to third parties on vehicle parts or services which in turn is hampering the growth of independent service providers. Extended warranties are given on a vehicle part/service to increase the lifetime of a vehicle which leads to free service or discounts for the consumer. Since all warranty repairs are performed by the OEM (Original Equipment Manufacturers) only, the aftermarket sales and services market which is generated majorly from dealer service centers suffers a loss. According to the Motor & Equipment Manufacturers Association (MEMA), in California for all light-duty vehicles extended warranties did not affect independent repair shops. The passenger car aftermarket market is using 3D printing technology also called Additive Manufacturing (AM) to make high-quality off-the-shelf car parts using 3D printers that are capable of printing in metals and alloys. 3D printing works by making a virtual 2D object in the software and constructing the 3D framework by using the printer. The use of 3D printing in producing automobile parts increases efficiency and raises the production standards of companies. Companies (original equipment manufacturers) such as General Motors, BMW, Ford, and Porsche have already started investing in this trend. The industry is regulated by several regulations governed by multiple international and country-specific agencies. One example of a such regulatory body is the National Highway Traffic Safety Administration (NHTSA) of the U.S. Standard number 108 of section 571 under Title -49 "Transportation" mentioned in the Code of Federal Regulations (CFR), states the requirements for original and replacement lamps, reflective devices, and associated lighting equipment for passenger cars as well as other multipurpose passenger vehicles. As defined in CFR, the purpose of section 571 is to set regulatory standards relating to lighting equipment in vehicles to be followed by motor vehicles including passenger cars. The standards also specify points where equipment such as Headlamps should be mounted in vehicles to make them easily visible on public roads both in daylight and in darkness or other conditions of reduced visibility thus reducing traffic accidents and deaths and injuries. In October 2021, Motus, Toyota, a South Africa-based automotive company, acquired FAI Automotive PLC. As a result of the acquisition, Motus will strengthen its international presence in the UK and expand its aftermarket parts business. FAI Automotive plc is a UK-based distributor of premium aftermarket automotive components. It is a leading supplier of high-quality engine and chassis components to the UK and international aftermarket, providing repair solutions for a wide range of vehicles Asia-Pacific was the largest region in the passenger car aftermarket market in 2022. North America was the second-largest region in the global passenger car aftermarket market share. The regions covered in the global passenger car aftermarket market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the passenger car aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The passenger car aftermarket market includes revenues earned by entities by providing services such as manufacturing, distribution, retailing, installation, and remanufacturing of all vehicle parts and accessories. Revenues include fees, interest payments, commissions or transaction charges. 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 specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales along the supply chain or as part of other products. The passenger car aftermarket market research report is one of a series of new reports from The Business Research Company that provides passenger car aftermarket market statistics, including passenger car aftermarket industry global market size, regional shares, competitors with a passenger car aftermarket market share, detailed passenger car aftermarket market segments, passenger car aftermarket market market trends and opportunities, and any further data you may need to thrive in the passenger car aftermarket industry. This passenger car aftermarket market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A green tire refers to a round-shaped part of an automotive tire that has all of its components assembled and is made of environmentally friendly rubber but has not yet been cured or given treads. When compared to other tyres such as semi-aromatic, styrene-butadiene rubbers or polycyclic hydrocarbons, green tyres improve fuel efficiency and lower greenhouse gas emissions. The vehicle types that use green tyres are passenger cars, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). The passenger car segment includes green tyres manufactured for passenger vehicles. Green tyres are used in on-road and off-road applications. Green tyres are available in different sizes, such as 10 inches, 10-20 inches, and 20-30 inches. Green tyres are sold through aftermarket and OEM sales channels. The global green tires market is segmented - 1) By Vehicle Type: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV) 2) By Application: On-Road, Off-Road 3) By Size: <10 Inch, 10-20 Inch, 20-30 Inch 4) By Sales Channel: Aftermarket, OEM The global green tires market size grew from $90.81 billion in 2022 to $101.25 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. 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 green tires market is expected to grow to $157.43 billion in 2027 at a CAGR of 11.7%. The increase in environmental awareness among consumers is driving the green tyre market. To create more awareness among people, many countries, such as the USA, China, South Korea, and Japan, have implemented tyre standards, ratings, labeling, and correct pressure programs. Due to the rising benefits of using green tires, such as eco-friendliness, high durability, fuel efficiency, and carbon emission reductions, consumers are opting for green tyres compared to conventional tires. In 2020, the European Commission published the final European Tyre Labelling Regulation, which provides consumers with awareness by providing information such as fuel efficiency, safety, rolling resistance, wet grip, and external rolling noise to consumers. Therefore, the rise in environmental awareness related to the use of eco-friendly tyres will propel the growth of the green tyre market. Major players in the green tyre market are Michelin, Bridgestone, Goodyear Tire and Rubber, Continental, Hankook, Pirelli, Apollo Tyres Ltd., Cheng Shin Rubber Ind. Co. Ltd., Kumho Tire, Nokian Tyres Plc., ZC Rubber, Sailun Tires, Shandong Linglong Tire Co. Ltd., The Yokohama Rubber Co. Ltd., and Kenda Tires. based rubber for green tyre manufacturing is a growing trend in the green tyre market. Companies are coming up with new technologies that utilise natural, renewable sources such as corn, grasses, and trees to obtain isoprene, the main ingredient in synthetic rubber. For example, in 2020, Birla Carbon and GranBio Technologies launched a bio-based tyre compound. By incorporating this compound, which is sustainable, bio-derived nanocellulose, into commercial rubber compounds, it can improve tyre rolling resistance and vehicle fuel economy. In February 2021, Goodyear Tire & Rubber Company, a leading multinational tyre manufacturing company headquartered in the USA, acquired Cooper Tire & Rubber Company for around $2.5 billion. This acquisition will help Goodyear Tire & Rubber Company expand its portfolio and provide additional revenue growth opportunities. Cooper Tire & Rubber Company is an American company that manufactures replacement automobile and truck tires, specializing in light truck and SUV segments. Europe was the largest region in the green tyre market in 2022. The regions covered in the green tyre market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Green Tires market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The green tire market consists of sales of round tires, bias tires, medium commercial vehicles, and retail sales. 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 green tyre research report is one of a series of new reports from The Business Research Company that provides green tyre statistics, including green tyre industry global market size, regional shares, competitors with green tyre shares, detailed green tyre segments, market trends and opportunities, and any further data you may need to thrive in the green tyre industry. This green tyre research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Aircraft tire refers to a rubber ring that is fitted over a road vehicle's wheel rim to increase traction, lessen road shocks, and support the weight of the aircraft while it is on the ground. It also provides the traction needed for braking and stopping. Aircraft tires are generally made of rubber and are an essential and main body part for every aircraft. The main aircraft tire products include radial tires and bias tires. A radial tire, also called a radial-ply tire, is a particular design of vehicle tire in which the cord plies are arranged at 90 degrees to the direction of travel, or radially, which is the centre of the tire. The different aircraft tire platforms include fixed wing and rotary wing. Aircraft tires are used for applications in wide-body aircraft, very large aircraft, regional transport aircraft, and narrow-body aircraft. The aircraft tires market end-users include OEMs, retread tires, and replacement tires. The global aircraft tires market is segmented - 1) By Product: Radial, Bias 2) By Platform: Fixed Wing, Rotary Wing 3) By Application: Wide Body Aircraft, Very Large Aircraft, Regional Transport Aircraft, Narrow Body Aircraft 4) By End-user: OEM, Retread Tyres, Replacement Tyres The global aircraft tires market size grew from $1.8 billion in 2022 to $1.89 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. 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 aircraft tires market size is expected to grow to $2.25 billion in 2027 at a CAGR of 4.5%. The rising number of domestic and international air passengers is driving the aircraft tires market. The increase in domestic and international air passengers means the production of new aircraft needs to be done to meet the demand, which increases the usage of aircraft tires and also the frequent wear and tear of tires due to the continuous landing per tyre to meet the demands, further drives the market. For instance, according to the International Civil Aviation Organization (ICAO), the global number of airline passengers is expected to reach 10.5 billion by the year 2040. Also, according to the Boeing 2020–2039 commercial market outlook, India's domestic air passenger market is expected to double its size by 2030 from the pre-pandemic levels. Hence, the rising number of domestic and international air passengers drives the aircraft tires market. Major players in the aircraft tires market are Bridgestone Corporation, Michelin Group, The Goodyear Tire & Rubber Company, Dunlop Aircraft Tyres Ltd., Qingdao Sentury Tire Co., Ltd., Wilkerson Company, Inc., Desser Tire & Rubber Co., LLC, Specialty Tires of America, Petlas Tire Corporation, Aviation Tires & Treads, LLC, Trelleborg AB, China National Tire & Rubber Co, Sentury Tire Co. Ltd., Tost GmbH Flugzeuggeratebau, and Wilkerson Company, Inc. Technological advancements are a key trend gaining popularity in the aircraft tires market. Aircraft tire manufacturers are focusing on the development of tyres that have a longer life, higher resistance, and are more efficient. For instance, in May 2021, Goodyear Tire & Rubber Company, a US-based tyre manufacturing company, launched TPMS technology for aircraft tug tyre manufacturing. This technology helps reduce accidents by reducing any loss in pressure or a temperature change. In March 2022, Yokohama Rubber Co. Ltd., a Japan-based tire manufacturing company, entered into a share purchase agreement to acquire all outstanding shares in Trelleborg Wheel Systems Holding AB for $2 billion. The acquisition is expected to provide Yokohama with a brand structure, a strong service network, and expand its regional sales network in the OE tyre sector. Trelleborg Wheel Systems Holding AB is a Sweden-based manufacturer of tyres and wheels for off-highway vehicles, aircraft, and other specialty applications. North America was the largest region in the aircraft tires market in 2022. Asia-Pacific was the fastest growing market in aircraft tires market. The regions covered in the aircraft tires market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aircraft tires market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The aircraft tires market consists of sales of aramid, center rib thread, general aviation, commercial aviation, and small widebody aircrafts. 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 aircraft tires market research report is one of a series of new reports from The Business Research Company that provides aircraft tires market statistics, including aircraft tires industry global market size, regional shares, competitors with an market share, detailed aircraft tires market segments, market trends and opportunities, and any further data you may need to thrive in the aircraft tires industry. This aircraft tires market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive fabric refers to textiles used in the automotive industry to manufacture upholstery and interiors of vehicles. These automotive fabrics are woven or nonwoven, coated or composite in nature. The primary goal of these fabrics is to provide maximum comfort, safety, and security to passengers while driving. The main types of automotive fabric are polyester, vinyl, leather, nylon, and others. Polyester refers to the automotive fabric made out of polyester. The polyester fabrics are used in car upholstery, automotive carpets, and seat covers. The different vehicle types include passenger vehicles and commercial vehicles and are applied in automobile carpets or floor coverings, upholstery, pre-assembled interior components, tires, safety-belts, airbags, and other applications. The global automotive fabric market is segmented - 1) By Fabric Type: Polyester, Vinyl, Leather, Nylon, Other Fabric Types 2) By Vechile Type: Passenger Vehicles, Commercial Vehicles 3) By Application: Carpets or Floor Covering, Upholstery, Pre-Assembled Interior Components, Tires, Safety-Belts, Airbags, Other Applications The global automotive fabric market size will grow from $34.17 billion in 2022 to $36.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global automotive fabric is expected to grow to $46.12 billion in 2027 at a CAGR of 6.0%. An increase in automobile demand is expected to propel the automotive fabric market going forward. Economies worldwide have been steadily increasing, which has increased the standard of living, further increasing the purchasing power. The advent of the COVID-19 pandemic also resulted in individuals preferring a safer mode of transportation that promoted social distancing and thus boosted the growth of automobiles. The increasing demand for automobiles will increase the demand for automobile fabrics as they offer passengers the maximum comfort, safety, and security during the drive. For instance, according to a report from OICA (International Organization of Motor Vehicle Manufacturers), global passenger car sales increased from 53 million in 2020 to 56 million in 2021. Similarly, commercial vehicle sales increased from 24 million in 2020 to 26 million in 2021. Therefore, the increased demand for passenger and commercial vehicles drives the growth of the automotive fabric market. Major players in the automotive fabric market are Acme Mills Company, Suminoe Textile Co Ltd., Arvind Limited, Grupo Antolin Irausa S.A, Heathcoat Fabrics Limited, Lear Corporation, Martur Automotive Seating Systems, Navbharat Textile Industries, Seiren Co Ltd., Sage Automotive Interiors Inc., Toyota Boshoku Corporation, Sage Automotive Interiors Inc., Haartz Corporation, Tenowo GmbH, Krishna, and Shandong Exceeding Auto Interior Parts Co Ltd. The emergence of recycled fabrics has emerged as a key trend gaining popularity in the automotive fabric market. The recycled fabrics are made from waste material, reprocessed into new fibers and spun into fabric material. The growing environmental concerns about the negative impact of waste incineration, heavy industrial discharges from textile mills, and raw material depletion have transformed the market towards sustainable materials. For instance, in November 2020, Autoneum Holding AG, a Europe-based manufacturer of in-vehicle acoustic and thermal insulation for vehicles, introduced Relive-1. This innovative tufted carpet meets the most stringent requirements for sustainable mobility. These Relive-1 carpets sustainably make use of raw materials. The carpet yarns are made entirely of recycled PET bottles. Autoneum recycles this raw material to produce high-quality carpet systems from recycled PET bottles for upcoming vehicle generations, preserving natural resources and lowering plastic waste. In October 2020, Sage Automotive Interior, a US-based manufacturer of technical textiles for the automotive industry, acquired Adient’s Automotive Fabric for $ 175 million. With this acquisition, Sage Automotive Interior will expand its business units and strengthen its European portfolio. This will also help achieve optimum global manufacturing of the whole product lineup. Adient’s Automotive fabric is a US-based automotive seat manufacturer. Asia-Pacific was the largest region in the automotive fabric market in 2022. The regions covered in the automotive fabric 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 fabric market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive fabric market consists of sales of faux Leather. 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 fabric market research report is one of a series of new reports from The Business Research Company that provides automotive fabric market statistics, including automotive fabric industry global market size, regional shares, competitors with an automotive fabric market share, detailed automotive fabric market segments, market trends and opportunities, and any further data you may need to thrive in the automotive fabric industry. This automotive fabric 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.

Passenger car aftermarket refers to services that provide manufacturing, remanufacturing, distribution, retailing, and installation of replacement, equipment, service repair, and automotive accessories. The main types of passenger car aftermarket are tires, batteries, brake parts, filters, body parts, lighting, wheels, exhaust components, turbochargers, and others. A tire, sometimes known as a tire, is a ring-shaped device that covers the rim of a wheel to carry a vehicle's load from the axle to the ground while also providing grip on the surface over which the wheel moves. The different Certifications include genuine parts, certified parts, and uncertified parts and are available through various distribution channels such as retailers (OEMs, repair shops), wholesalers, and distributors. The global passenger cars aftermarket market is segmented - 1) By Type: Tires, Battery, Brake parts, Filters, Body parts, Lighting, Wheels, Exhaust components, Turbochargers, Other Types 2) By Distribution Channel: Retailers (OEM's, Repiar Shops), Wholesalers & Distributors 3) By Certifiations: Genuine Parts, Certified Parts, Uncertified Parts The global passenger cars aftermarket market size grew from $226.33 billion in 2022 to $238.18 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. 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 global passenger cars aftermarket is expected to grow from $290.21 billion in 2027 at a CAGR of 5.1%. Increasing the average lifespan of a car is one of the major drivers of the passenger car aftermarket market as it leads to an increase in consumers’ regular maintenance and scheduled servicing of the vehicle. The lifespan of the car describes the maximum service life in terms of mileage and time. Changing wheels, batteries, spark plugs, and air filters play a significant role in prolonging the life of a vehicle. According to IHS automotive Markit in 2021, the typical age of cars on the road in the US increased to 12.1 years from 11.9 years old in 2020. Thus, increasing the average lifespan of a car is propelling a passenger car aftermarket market. Major players in the passenger car aftermarket market report are Denso Corporation, Robert Bosch Gmbh, Continental AG, 3M company, Delphi Automotive PLC., ZF friedrichshafen AG, Magneti Marelli S.p.A, Cooper tire & Rubber Company, Federal -Mogul Corporation, Goodyear tire & rubber company, Aisin Seiki Co., Valeo, Sumitomo Electric Industries Ltd., Aptiv PLC., MAHLE GmbH, Schaeffler AG, ACDelCo., Mobileye, Eaton, Schaeffler Technologies AG, Lear Corporation, Yazaki Corp., Akebono Brake Corporation, American Axle & Manufacturing, Bridgestone Corporation, Gates Corporation, Hyundai Mobis Co. Ltd., Kumho Tires, Exide Technologies and Pirelli & C. S.p.A. Many companies are offering extended warranties to third parties on vehicle parts or services which in turn is hampering the growth of independent service providers. Extended warranties are given on a vehicle part/service to increase the lifetime of a vehicle which leads to free service or discounts for the consumer. Since all warranty repairs are performed by the OEM (Original Equipment Manufacturers) only, the aftermarket sales and services market which is generated majorly from dealer service centers suffers a loss. According to the Motor & Equipment Manufacturers Association (MEMA), in California for all light-duty vehicles extended warranties did not affect independent repair shops. The passenger car aftermarket market is using 3D printing technology also called Additive Manufacturing (AM) to make high-quality off-the-shelf car parts using 3D printers that are capable of printing in metals and alloys. 3D printing works by making a virtual 2D object in the software and constructing the 3D framework by using the printer. The use of 3D printing in producing automobile parts increases efficiency and raises the production standards of companies. Companies (original equipment manufacturers) such as General Motors, BMW, Ford, and Porsche have already started investing in this trend. The industry is regulated by several regulations governed by multiple international and country-specific agencies. One example of a such regulatory body is the National Highway Traffic Safety Administration (NHTSA) of the U.S. Standard number 108 of section 571 under Title -49 "Transportation" mentioned in the Code of Federal Regulations (CFR), states the requirements for original and replacement lamps, reflective devices, and associated lighting equipment for passenger cars as well as other multipurpose passenger vehicles. As defined in CFR, the purpose of section 571 is to set regulatory standards relating to lighting equipment in vehicles to be followed by motor vehicles including passenger cars. The standards also specify points where equipment such as Headlamps should be mounted in vehicles to make them easily visible on public roads both in daylight and in darkness or other conditions of reduced visibility thus reducing traffic accidents and deaths and injuries. In October 2021, Motus, Toyota, a South Africa-based automotive company, acquired FAI Automotive PLC. As a result of the acquisition, Motus will strengthen its international presence in the UK and expand its aftermarket parts business. FAI Automotive plc is a UK-based distributor of premium aftermarket automotive components. It is a leading supplier of high-quality engine and chassis components to the UK and international aftermarket, providing repair solutions for a wide range of vehicles Asia-Pacific was the largest region in the passenger car aftermarket market in 2022. North America was the second-largest region in the global passenger car aftermarket market share. The regions covered in the global passenger car aftermarket market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the passenger car aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The passenger car aftermarket market includes revenues earned by entities by providing services such as manufacturing, distribution, retailing, installation, and remanufacturing of all vehicle parts and accessories. Revenues include fees, interest payments, commissions or transaction charges. 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 specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales along the supply chain or as part of other products. The passenger car aftermarket market research report is one of a series of new reports from The Business Research Company that provides passenger car aftermarket market statistics, including passenger car aftermarket industry global market size, regional shares, competitors with a passenger car aftermarket market share, detailed passenger car aftermarket market segments, passenger car aftermarket market market trends and opportunities, and any further data you may need to thrive in the passenger car aftermarket industry. This passenger car aftermarket 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.

A four-wheel-drive tractor consists of a four-wheel drive axle that can distribute power to all its wheels simultaneously. It helps in providing less slippage and great traction with better performance. The main types of four-wheel-drive tractors are less than 40 horsepower (HP) tractors, 40HP to 100HP tractors, 100HP to 200HP tractors, and above 200HP tractors. Less than 40 horsepower (HP) tractors refer to subcompact tractors and low-end utility garden tractors, built like compact utility tractors with water-cooled diesel engines, PTOs, three-point hitches, remote hydraulics, and heavy construction. The propulsion system of tractors work with the help of diesel, hybrid electric and electric operated manually or autonomously by various end-users such as farm, construction, mining, and others. The global four wheel drive tractor market is segmented - 1) By Power Output: Less than 40 HP, 40 HP to 100 HP, 100 HP to 200 HP, Above 200 HP 2) By Propulsion System: Diesel, Hybrid Electric, Electric 3) By Operation: Manual, Autonomous 4) By End-Use: Farm, Construction and Mining, Other End Uses The global four-wheel drive tractor market size grew from $16.83 billion in 2022 to $17.6 billion in 2023 at a compound annual growth rate (CAGR) of 4.6%. 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, causing inflation across goods and services and affecting many markets across the globe. The market size of the four-wheel drive tractor market is expected to grow to $20.7 billion in 2027 at a CAGR of 4.1%. Rapid growth in the agriculture industry is expected to propel the growth of the four-wheel-drive tractors market going forward. The agricultural industry refers to an industrial activity involving the processing, cleaning, storage, and packing of the results from agricultural production. Four-wheel-drive tractors help the agriculture industry by improving traction, increasing pulling power, and enhancing versatility. For instance, according to the India Brand Equity Foundation, an India-based trust established by the Department of Commerce, in November 2022, Exports of agricultural and processed food items increased by 25% in the first six months of the current fiscal year 2022-23 (April-September) compared to the same period in FY 2021-22. Therefore, rapid growth in the agriculture industry is driving the growth of the four-wheel-drive tractors market. Major players in the four-wheel-drive tractor market are AGCO Corporation, Deere & Company, Escorts Limited, Komatsu Corp., Mahindra & Mahindra Ltd., SAME DEUTZ-FAHR Italia S.p.A., Kubota Corporation, Deutz-Fahr, Caterpillar, Massey Ferguson Limited, SDF Group, New Holland, and Case IH. Key companies operating in the market are focusing on manufacturing smart four-wheel drive tractors, which is gaining significant popularity in recent years. Smart tractors are used to reduce emissions and provide more sustainable data, and work efficiently. For instance, in December 2020, Monarch Tractor, a US-based company that is engaged in manufacturing tractors launched electric, diver optional, smart tractors that can be integrated onto a single platform. This smart tractor helps farm managers understand and visualize real-time farming operations by gathering digitized data from the farming field. In March 2021, Keestrack, a Belgium-based company that is engaged in the manufacturing of mining, recycling, and construction equipment company had signed an agreement to acquire Goldoni for an undisclosed amount. The acquisition expands Keestrack’s business in the agricultural market and parallelly grows in the construction industry. Goldoni is an Italy-based company that specializes in manufacturing agricultural machineries such as specialized tractors and four-wheel drive tractors and serves in more than 64 countries and 200 distributors worldwide. North America was the largest region in the four-wheel-drive tractor market in 2022. The regions covered in the four-wheel-drive tractor market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the four-wheel-drive tractor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The four-wheel drive tractor market consists of sales of two wheel drive, front wheel assist or unequal four wheel drive and. equal four wheel drive tractors. 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 four-wheel-drive tractor market research report is one of a series of new reports from The Business Research Company that provides four-wheel-drive tractor market statistics, including four-wheel-drive tractor industry global market size, regional shares, competitors with a four-wheel-drive tractor market share, detailed four-wheel-drive tractor market segments, market trends and opportunities, and any further data you may need to thrive in the four-wheel-drive tractor industry. This four-wheel-drive tractor 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.