Surgical sutures have become a preferred choice for surgeons, and have gained significant popularity over the years. Consistent improvement in products by incorporating advanced technologies as well as government support, and government support for awareness campaigns regarding cancer radiation therapy are among the most important factors that are estimated to fuel the demand for surgical sutures during the forecast period. According to the latest research by Fact.MR, the global surgical sutures market accounted for ~ US$ 3.9 Bn in terms of value at the end of 2018. The surgical sutures market report also projects significant growth potential with an anticipated average Y-o-Y growth rate of ~ 4% during the forecast period.

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Availability of knowledge-based resources and enhanced research collaborations will improve the product development for surgical sutures. An important factor in the competition is the timing of market introduction of new products. The speed with which companies can develop products and complete clinical testing and regulatory clearance processes will decide how much they can increase their market share. Moreover, growing focus on clinical trials to enrol new surgical sutures products will further help the market. The success rates for these clinical trials to meet the endpoints and obtain key approval are marginally higher than those of currently available products.

In addition, there has been increasing burden of disease and growing number of surgeries, which is a positive factor for wound closure product markets. The importance of patient outcomes with assurance of better surgical recoveries is also important to drive the growth of the surgical sutures market. It is equally important for the payers, regulators, and healthcare facilities to not only focus on patient outcomes but also on quality outcomes. A change in reimbursement policy covering more medication or treatment is also expected to drive the market of surgical sutures. Amongst surgical sutures, the usage of absorbable surgical sutures is growing rapidly, and is the main driver for the growth of the surgical sutures market in emerging markets.

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According to Fact.MR, the high demand for absorbable sutures and the higher Average Selling Price (ASP) have led the segment to experience more dynamic growth than any other product in the surgical sutures market. Additionally, increase in disposable incomes leading to affordability to surgical treatment in emerging countries is also inciting patients to opt for surgical sutures. However, lower adoption of surgical sutures is observed in some of the poor or lower income nations due to their poor economy. Therefore, rise in disposable income is expected to be an important factor that is anticipated to drive the growth of the market of surgical sutures globally. It also provides an excellent growth opportunity for the surgical suture manufacturers to get connected to potential customers. One of the primary drivers for the surgical sutures market is also the increasing number of surgical procedures, especially propelled by an aging population.

Aging populations have greater risk of developing diseases and health conditions, necessitating the need for surgical interventions. This trend will drive higher volumes of both open and minimally invasive procedures, generating greater sales of suturing devices.

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Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

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Peak flow meters are the portable devices used to measure the activity in lungs and to evaluate how well the lungs are able to expel the air. It is a lung monitoring device and is used to measure peak expiratory flow rate and forced expiratory volume.

According to the Fact.MR report, the patients, especially in developing regions, will continue to significantly prefer peak flow meters, due to the low prices of mechanical peak flow meters.

Increasing prevalence of asthma and chronic obstructive pulmonary disease, rising awareness among the people regarding various respiratory diseases, and relatively high rate of smoking in recent years are expected to propel the growth of peak flow meter market.

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Apart from the driving factors, there can be few factors such as use of spirometers, poor availability of the devices in some regions and low awareness among the people, can hinder the overall growth of peak flow meters market.

Smart Pocket Peak Flow Meters – A Key Growth Influencer

The introduction of smart peak flow meters, can be proved as an opportunity for the growth of the peak flow meter market. Smart peak flow meters are the pocket devices that can be connected to the smart phones. Hence, increasing adoption of smart peak flow devices, are expected to increase the growth of the peak flow meters market.

Digital Peak Flow Meter to Capture Significant Share

There are two types of products in the peak flow meter market – mechanical peak flow meters and digital peak flow meters. Digital peak flow meters is the leading segment in the peak flow meters market and holds a substantial revenue share in the peak flow meters market.

High Application Potential in Measurement of Peak Expiratory Flow Rate

Peak expiratory flow rate measurement is the application, which hold a large share in the overall peak flow meters market, as it is measured by both the digital peak flow meter and the mechanical peak flow meter as well.

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Home care settings remain a prominent end user for peak flow meters, accounting for a significant revenue share in the overall market. Moreover, owing to portable nature of peak flow meters, many people prefer them to use them, at their homes.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

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Automotive fuel tanks are compartments which are used for carrying flammable liquids. At the time of fuel combustion in the fuel tank, the released energy is driven into the engine for moving the vehicle. At present, automotive fuel tanks are designed from plastic material, or steel and aluminum. Their effectiveness across the automotive sector is primarily influenced due to proprieties such as heat resistance, corrosion resistance and durability. The market for automotive fuel tank at the global level is advancing as a result of exceptional boom in the adoption for MPVs, SUVs, and sedans. In order to gather sufficient information about the overall market status for automotive fuel tank, Fact.MR has published a new report titled “Automotive Fuel Tank Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022”. Readers can benefit from this assessment by easily inferring data highlighting essential market factors such as macroeconomic factors, Y-o-Y growth, economic outlook, supply chain, cost structure, market size and forecast, market share comparison etc.

According to report specifics, sales of plastic automotive fuel tank are projected to acquire a revenue share within the range of US$ 28-30 Bn by the end of 2022. Furthermore, aluminum and steel automotive fuel tanks are likely to drop opportunities due to discordancy in terms of lightweight and fuel efficient vehicle economy.

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Swelling Demand for Passengers Cars Propel Sales of Automotive Fuel Tank

This intelligent assessment reveals that passenger cars would continue to attract maximum sales of automotive fuel tank, thereby, generating substantial incremental opportunity for manufacturers active in the automotive fuel tank space through 2022 and ahead. However, vigorously intensifying sales of automotive fuel tank in the commercial vehicles sector is also expected to drive higher revenues during the mentioned forecast period. In terms of capacity, automotive fuel tanks possessing volume between 45-75L will retain its supremacy in terms of sales, recording over half the share across the automotive fuel tank market value until 2022.

Geographical Stance on Market Share

As per report insights, BRIC (Brazil, Russia, India and China) countries are beholding extensive growth in their automotive sector due to growing demand for passenger cars. In addition, surge in trading activities merged with growth of industrialization have encouraged the demand for commercial vehicles, thereby, creating prospective ways for automotive fuel tank companies.

Preview Analysis of Global Automotive Fuel Tank Market report Segmented By Fuel Type (Plastic, Steel, Aluminium), By Capacity (Less than 45, 45 – 75 L, Above 75 L), By Sales Channel (OEM, Aftermarket), By Vehicle Type (PC, LCV, HCV), & by Region (North America, Latin America, Europe, Japan, APEJ, MEA) –

https://www.factmr.com/report/26/automotive-fuel-tank-market

It has been noticed that numerous stakeholders have been evidently targeting China, known to be the world’s biggest automotive market, due to its vast fiscal stimulus. Similarly, OEMs are making way across India and China with a purpose to clutch massive growth potential delivered by these nations. In the coming years, such aspects are likely to motivate sales of automotive fuel tank in the evolving revenue spaces of Asia Pacific.

The final section of the report is dedicated to detail about the competitive scenario existing in the global automotive fuel tank market. Some of the prime companies operating in the global market include Magna International Inc., Yachiyo Industry Co. Ltd., Compagnie Plastic Ominum SA, and YAPP Automotive Parts Co. Ltd. Each of these companies are assessed in terms of SWOT analysis, product innovations and developments, product portfolios, key financials and key strategies; hence, benefitting the readers to the fullest.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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Growing need for faster production process of electronic products has led to an upsurge in demand for motion control systems globally. In addition, surge in demand for intelligent technology is expected to impact growth of the global market positively. Fact.MR states that the global motion control market is expected to reflect a CAGR of 5.0% over the forecast period, 2017-2026.

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Factors Fuelling Global Market Growth     

Growth of the global motion control systems market is mainly bound to various macro-economic and micro-economic factors. Increasing production of the electronic products will continue to rev up demand for the motion control systems in various industries. As manufacturing process of electronics and automotive products require accuracy and precision while controlling various parts of the manufacturing machines, manufacturers are increasingly adopting leading technology that offering distributed intelligence. Moreover, adoption of smart motion controllers has led to low cost of production and faster manufacturing process. Surge in demand for cost-effective technique and speedy process of manufacturing is projected to impact growth of the global market positively.

Demand for stacking, bottling, labelling, packaging and laser cutting increase, manufacturers are focusing on adopting motion controllers equipped with the smart actuators. With the increasing adoption of motion controllers equipped with smart actuators enables automated and convenient production process of the automotive and electronic products. The motion controllers also witness significant demand for the production of gaming equipment. Growing need for the handheld hardware controllers and movement sensors in the gaming products has led to an upsurge in adoption of the gaming and motion controllers significantly. Incorporation of gaming controllers equipped with cutting-edge technology enables the end user to control and interact with the graphic user interface. Moreover, manufacturers are increasingly equipping the gaming products with cameras in the consoles, which senses the movement of the end users. These factors are expected to contribute towards growth of the global motion control market during the forecast period.

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A trend recently witnessed in range of end use industries is the increasing adoption of the collaborative robotics that are equipped with smart actuators. As the need for conveyor application arises, adoption of the independently controlled motion systems and leading motion technology continues to witness a robust demand. With the increasing adoption of the motion controllers that are equipped with intelligent motion technology alerts the end users with respect to the status of the manufacturing process and loading, and mechanical changes during the production process. Such factors are expected to impact growth of the global motion control market significantly.

Sales for Metal Cutting Application to Remain High

As the requirement for accuracy and precision during the manufacturing process increases, demand for AC servo components are projected to remain high. In terms of revenue, the AC servo component type segment is projected to represent significant revenue growth, representing more than US$ 2,400 Mn by 2026-end. In contrary, the others component type segment is projected to reflect a robust CAGR throughout the forecast period. By 2026-end, computer numerical control technology will outsell the general motion control technology, recording more than US$ 3,900 Mn.

By end users, the machinery segment is projected to witness significant growth in terms of revenue, accounting for more than US$ 1,300 Mn by 2017-end. On the other hand, the others end user segment is projected to witness the fastest growth during the forecast period.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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In the recent time, the demand for electronic components in automobiles has risen since the customer base has transformed to become tech-savvy. Furthermore, the growing inclination for comfort and luxury concerning automotive interior has made it necessary to incorporate certain component which assists in the delivery of such amenities. An automotive switch is the prime element that helps in opening the electrical function in a vehicle. With the expansion of electro-mobility across the global automobile industry, the demand for automotive switches is surging. To study the exact market scenario, Fact.MR has published a new research report titled “Automotive Switches Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2018 to 2028”, to its broad online database. Readers can acquire crucial information related to market opportunities and regional dominance in the coming years through this smart research study.

According to study insights, the automotive switches market is projected to experience a volume CAGR of 4.2% during the assessment period 2018 – 2028. It has been noticed that rise in vehicle production along with swelling size of vehicle fleet is contributing to the rise in sales of automotive switches by 4,207.6 Million units during the forecast period.

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Passenger Car Segment Acquires Leading Share in the Global Market

The Fact.MR study reveals that passenger cars division in the automotive switches market is likely to prove its dominance in the global market by controlling demand close to one-fifth share as well as 1.45x growth in sales volume during the period until 2028. Furthermore, the compact passenger car sub-segment rules the automotive switches demand, whereas the SUV sub-segment is projected to showcase promising growth at 4.8% CAG during the assessment period. Interestingly, cumulative adoption of electric vehicles also drops its impact on the overall development of the automotive switches market.

Rising Association of Small-Scale Market Players across Developing Economies

Presently, economic growth along with per capita income highlights prominent influence on the overall outlook of automotive industry together with advancement of the auto parts market. To be precise, the automotive switches market has been majorly influenced by the buying power of consumers. The report mentions that tier 1 and tier 2 companies active in the automotive switches market hold strong presence across developed economies. The preference for OEMs related to supply contracts are motivating this presence. In particular, countries experiencing growth in the automobile manufacturing industry like China and India, manage a stronger attendance of tier 3 players from the automotive switches market.

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On the other hand, the global leadership based on value is controlled by Europe and China, both involved in a cutthroat competition to capture almost half of the total global revenue. Considering the scenario across Europe, growth in sales of electric vehicles against the framework of severe environmental regulations as well as emission standards are seen as the prime driving factors pushing the European market for automotive switches.

Competitive Landscape

The final section of the report highpoints the competitive state prevailing across the automotive switches market. This section presents a dashboard view of the major companies functioning in the automotive switches market. Readers can acquire thorough information focusing on the key market players based on their company profiles. Some of the prominent companies mentioned in the automotive switches market include LS Automotive Technologies, Tokai Rika Co, Ltd., Hella KGaA Hueck & Co., Robert Bosch GmbH, Panasonic Corporation, Honeywell International, TE Connectivity, ZF Friedrichshafen AG, Leopold Kostal GmbH & Co. KG, Omron Corporation, Toyodenso Co., Ltd., Aptiv PLC and Industrial Engineering Syndicate (INENSY). Each of these players is well analyzed in terms of product portfolio, sales footprint, channel footprint and strategy.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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According to recent report by Fact.MR, the global low voltage motors market was estimated to surpass a value of US$ 25 billion in 2018. Growth of the low voltage motors market can be primarily attributed to incessant rise in the need for cost efficient energy source in number of industries. To meet the escalating demand for consumer and capital goods, manufacturers across the globe are continuously focusing on adopting innovative technologies to improve their production. Emerging trends of incorporating intelligent technology and smart sensors in low voltage motors is likely to gain traction in the coming years.

Low Voltage Motors Market Growth Underpinned by Rising Demand in Mining Industry and Wastewater Treatment

In order to enhance the performance and production rates, manufacturers of low voltage motors industry are incorporating sector specific features in their products. Low voltage motors with features such as flameproof, corrosion-resistant, and moisture-resistant are gaining traction in the mining industry, and significantly contributing to revenue maximization of low voltage motors market.

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Increase in the demand for wastewater treatment on the account of rising industrial activities is foreseen to be highly impactful on the growth of low voltage motors market. With surging need to retrofit or replace equipment for wastewater treatment in various industries, the global low voltage motors market is likely to witness a significant growth in the foreseeable future. Moreover, several industries are increasingly adopting the low voltage motors for their ability to provide protection against thermal overload and counter variability issues in current loads.

APEJ Leads Gains in Low Voltage Motors Market

Asia Pacific Excluding Japan is anticipated to retain its leading position in the low voltage motors industry, on the back of rapid growth in industrialization including automotive and electronics sectors. In 2018, APEJ low voltage motors market exceeded an estimated value of US$ 9.5 billion, growing at 9.9% in 2019 through 2018. In addition, stringent government regulations regarding motor efficiency and retrofitting and replacing aging equipment are expected to reflect favorably on the growth of low voltage motors market in the region.

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Premium IE4 Low Voltage Motors to Witness Robust Demand

Marketed as “Supreme Premium Efficiency” motors, demand for IE4 low voltage motors are expected to increase in the coming years, owing to their high efficiency and other advantages such as lower operating temperatures, higher energy savings, and longer service life.

However, sales of IE2 efficiency class motors will continue to surge in the global low voltage motors market, contributing a revenue of more than US$ 9 billion in 2018. Escalating demand for efficient energy source in number of industries such as utilities, mining, and food & beverage manufacturing has been largely influencing the growth of IE2 low voltage motors market.

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Pumps & Fans Remains Leading Application of Low Voltage Motors

The Fact.MR study finds that pumps & fans will continue to hold relatively high revenue share in the low voltage motors market. Attributes such as better insulation, long bearing life, and low heat output are expected to influence the adoption of low voltage motors for pumps & fans.

F&B manufacturing sector is estimated to emerge as fastest growing segment, registering the highest CAGR in low voltage motors market during 2017-2022 period. Further, commercial HVAC and other sectors will continue to complement the growth of low voltage motors market, with both representing a significantly high revenue share.

Competitive Landscape

The Fact.MR report highlights detailed profiles of the leading players in the low voltage motors market. Some of them include ABB, WEG, Siemens AG, TECO E&M, Shangdong Huali, Hyosung Corporation, GE, Regal Beloit, Hyundai Heavy Industries, TOSHIBA, Nidec Corporation, Leroy Somer, LEZ Ruselprom, and Fuji Electrics.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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The global automotive tow bars market, after an initial sluggish growth through 2022, is anticipated to represent a rather modest growth trajectory owing to material innovations translating into new product offerings. The global market for automotive tow bars is also likely to benefit from the sustainability trend that has pushed manufacturers to used environment-friendly polymers and coatings. Novel manufacturing technique like additive manufacturing is anticipated to increase the sales of technologically advanced automotive tow bars over the forecast period of 2017-2022. Moreover, 3D printing will bring more manufacturing finesse in the production of automotive tow bars with more complex designs being made easily for the next generation modern vehicles such as electric and hybrid variants.

Fact.MR’s comprehensive analysis of the global automotive tow bars market suggests US$ 2,769.3 Million valuation in terms of revenue share by 2022, with a relatively slow moving CAGR. Globally, increasing production of vehicles will directly elevate the sales of automotive tow bars, predicts Fact.MR. Growing consumption of compact and mid-size passenger cars- specifically in APEJ and Europe, will contribute to the growth of automotive tow bars market. The compact and mid-size passenger vehicles are likely to hold 31.7 percent and 22.8 percent of the total market share, respectively. The report also records promising growth opportunities for manufacturers of automotive tow bars in the developing nations of APEJ. Moreover, car makers have been focusing on developing nations with low car ownership penetration, hoping to up their zero sum game, thereby, creating a market for component manufacturers.

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In terms of product-wise categorization, retractable tow bars segment is projected to nearly 30 percent of the total revenue share, standing at a valuation of US$ 835.2 Million by 2022. The inclination towards retractable tow bars is mainly attributable to its ease of use and safety features. Furthermore, variants such as automatic retractable tow bars are likely to drive the market ahead. Key benefits including easy maintenance, single electric motor to power the unit, stable operations would translate into an increased adoption of automatic retractable tow bars. Manufacturers are also ensuring complete regulations compliance with lightweight technology, further reducing CO2 emissions.

A US$ 442 Million opportunity, detachable towbars are anticipated to gain prominence in the coming years owing to its ergonomic design that does not change the appearance of the vehicle. As per sales channel analysis, aftermarket sales of automotive towbars, specifically those designed and manufactured by key players such as Hayman Reese and Westfalia, is projected to record a comparatively high revenue by the end of assessment period, compared to OEM owing to cost-effective components offered by the former.

Browse Full Report on Automotive Tow Bars Market with TOC- https://www.factmr.com/report/151/automotive-tow-bars-market

However, findings also suggest that sales of automotive tow bars through OEM channel will contribute significantly to the market growth, owing to the demand for genuine parts. Geographically, Europe holds a dominant position, whereas APEJ is likely to emerge as a lucrative market for automotive tow bars manufacturers in the near future owing to the growing consumption of cars.

The report on global automotive towbars market provides an exhaustive description of top players along with a detailed analysis of their product offerings and key financials. Key players such as BOSAL, Westfalia Automotive GMBH, Thule Group, Dixon Bate Limited, David Murphy Towing Brackets Limited, and Brink Group B.V. are profiled in the Fact.MR’s report on global automotive towbars market. While strategic divestments, acquisitions, and partnerships are the likely strategies by key players in order to enhance their product offerings, growing research and development activities on tow bars and materials used for manufacturing these components is also anticipated to drive investment and further innovations.

Advancements in technology and the growing penetration of electrification will bring in high potential opportunities in tow bars manufacturing sector. The evolving automotive landscape is likely to change smoothen the OEM-Aftermarket dynamic further translating into strategic collaborations, predicts Fact.MR. For an in-depth analysis of the competitive landscape of global automotive tow bars market, write to Fact.MR.

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About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

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According to a recent Fact.MR study, nearly 113 million automotive gear shift systems were sold in 2018, with steady automobile sales, development of innovative testing systems, and introduction of novel products influencing the trends in this market.

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The study opines that stick shift gear systems will continue to be the top-selling variant, on account of its cost-effectiveness and role in achieving fuel efficiency. Furthermore, the development of technology to enhance the performance and substantially reduce the weight of manual transmission systems while providing for better driver comfort and compact design is fuelling uptake of stick gear shift systems, with global sales totaling 83 million units in 2018.

Automatic Transmission Systems to Emerge as Vital Revenue Pocket for Automotive Shift Gear System Market

Demand for vehicles equipped with automatic transmission systems and automatic manual transmissions is on the rise owing to their better performance, ease of operation, and fuel-efficiency. One of the key factors behind the gradual consumer shift towards automatic gear shift is its ease of operation, which significantly reduces driver fatigue. Additionally, automatic transmission systems enable smooth drive along slopes and hilly areas as compared to manual transmission systems. Owing to these factors, automatic gear shift vehicles have witnessed increasing sales in the last decade, especially in lucrative markets of China and India where manual gear shift vehicles are ubiquitous.

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According to the study, the pervasive trend is causing automotive manufacturers to bolster production of vehicles powered with automatic transmission systems and reduce the use of manual transmissions in their products. An increasing number of automobile manufacturers are launching new models with only automatic transmission systems. According to the report, the factor is likely to open lucrative opportunities for automotive gear shift system manufacturers with passenger vehicles accounting for sales of over 75 million automotive gear shift system units in 2018. Advancements in technology and increasing investments in leisure sporting activities such as formula one and off-road driving is further expected to bolster demand for automotive gear shift systems that are compatible with automatic transmission.

Simulation Software and AI to Find Widespread Adoption in Development of Automotive Gear Shift Systems

Automotive gear shift system manufacturers are increasingly leveraging technology for the production and testing of their products. Simulation software is finding widespread adoption in the market with manufacturers using the technology to test virtual gear shift system models under different driving conditions. Coupled with artificial intelligence, the information obtained from simulation software is used for optimizing the shift schedule of automotive gear shift systems. These technologies are enabling manufacturers to conduct real-time testing using virtual scenarios and aid in designing and accurate calibration of gear shift systems quickly, efficiently, and in a cost-effective manner.

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According to a recent study by Fact.MR, the automotive seats market is projected to grow at a steady rate during the 2017-2022 period with the global sales poised to surpass US$ 34 billion in 2019. Bolstering automobile sales, the introduction of novel and innovative products, and increasing production are some of the factors contributing significantly to automotive seats market proliferation.

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The gradual digitalization of automotive seat production supply chain is likely to bolster production while enabling manufacturers in substantially reducing the cost incurred during the process. Integration of software platforms such as 3D graphics designers is allowing manufacturers to gain greater control over seat cover designs and make substantial savings on material costs. Additionally, these applications are enabling automotive seat manufacturers in the production of seat covers with efficient positioning of seams to ensure effective distribution of stress and compression making them durable and better fitting. These capabilities coupled with the benefits of synthetic leather are finding increasing usage in the automotive seats production. Fact.MR opines the factor is expected to play a vital role in popularizing the use of synthetic leather as seat covers in the automotive seats market with revenues generated from sales of seats using the material estimated to be valued at more than US$ 22 billion in 2019.

Additive Manufacturing Poised to Gain Widespread Popularity in Automotive Seats Production

Automotive seat manufacturers are constantly investing in research and development of 3D printers which could efficiently aid in the production of lightweight, durable, and cost-effective components for automobile seats. Currently, the production of a simple and efficient seat bracket requires procuring eight different parts. With the use of additive manufacturing, the seat bracket can be manufactured at once. The technique allows the production of complex components of seat efficiently, quickly, and cost-effectively. Additionally, additive manufacturing can be potentially leveraged to produce seat components using naturally-sourced raw materials. With sustainability gaining prime concern around the world, 3D printing offers a lucrative alternative for automotive seat manufacturers to work in accordance with stringent government regulations while producing efficient and durable components for automotive seats. According to the report, the widespread adoption of the practice in the automotive seats market is estimated to contribute significantly to its proliferation with standard automotive seat sales poised to register a growth of almost US$ 250 million in 2019 over 2018.

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Consumer-centric Technological Innovations in Seating Systems to Uphold Market Growth

Automobile manufacturers are constantly seeking novel and innovative products to meet the burgeoning consumer expectations for comfort, luxury, and safety inside vehicles. Automotive seating is slowly emerging as a key determinant influencing consumer preferences. In order to consolidate their position in the automotive seats market, manufacturers are increasingly integrating automotive electronics for production of innovative products. Additionally, the growing possibility of autonomous vehicles going mainstream in the foreseeable future is prompting automotive seat manufacturers to invest heavily in research and development of seating systems which would meet the requirements of the upcoming range of automated vehicles. These factors are causing the development of advanced automotive seating systems such as multi-way adjustable control-powered seats, stress and fatigue detecting seats, seats equipped with massagers, and memory seats which could automatically adjust according to defined parameters. Intensive ongoing research in the area is likely to open new opportunities for automotive seat manufacturers.

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According to Fact.MR’s new business intelligence report, the global automotive pumps market is anticipated to register a promising growth during the period 2017-2026, with market revenues likely to surpass US$ 54 billion by 2019-end. Growing consumer preference for green technology, along with the need to adhere to stringent carbon and VOC emission regulations, are encouraging automotive manufacturers to focus on enhancing energy performance of vehicles. With their crucial role in maintenance of energy efficiency, the automotive pumps are likely to gain center stage in the near future.

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Integration of Smart Technologies in Automotive Pumps to Underpin Market Growth

Increasing demand for fuel-efficient and lightweight vehicles has been influencing leading automotive manufactures to implement innovative technologies in automobile components. Advances in technologies such as automatic transmission, gasoline direct injection, and gasoline turbocharger that enable efficient circulation of oil in all parts of an automobile are likely to create lucrative opportunities for manufacturers of automotive pumps.

Growing vehicle parc and the emergence of a large middle-class demographic with high disposable income are directly translating into the growth of automotive market in emerging economies and eventually complementing the expansion of automotive pumps market. In addition, high purchasing capabilities of consumers in these regions are prompting automakers to improve their production of mid-sized and compact cars. Moreover, introduction of premium aspects such as anti-lock brake system (ABS), power steering, easy gear shift, and cabin comfort system in these cars is likely to influence the need for custom-made automotive pumps which may open new avenues of market growth.

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With escalating demand for high-performance vehicles on the account rising fuel prices, automotive manufactures are heavily investing in R&D to develop highly efficient transmission system and low-friction pumps which will possibly create potential growth prospects of automotive pumps market.

Electric Automotive Pumps Sales Continue to Surge

Electric automotive pumps are independent of combustion engines which help enhance fuel efficiency and significantly reduce the carbon emission of vehicles. This has led to adoption transition from mechanical automotive pumps to electric pumps. Expanding at an estimated CAGR of 5.5% over the forecast period, the sales of electric automotive pumps are projected to cross 590,000 units by 2026-end. Electric pumps are highly sought-after for their excellent performance standards and are predicted to contribute a slightly higher share than mechanical variants to the automotive pumps market by the end of the forecast period.

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