Lucintel Forecasts Low Speed Electric Vehicle Market to Reach $19.4 Billion by 2028

According to the recent study the low speed electric vehicle market is projected to reach an estimated $19.4 billion by 2028 from $11.9 billion in 2022, at a CAGR of 8.3% from 2022 to 2028. Growth in this market is primarily driven by stringent environmental regulations, improvement in electric vehicle R&D, advanced battery technology, and government subsidies.

Browse 124 figures/charts and 105 tables in this 184 -page report to understand trends, opportunities and forecast in low speed electric vehicle market by application (Golf cart, personal utility vehicles, low speed off road vehicle, low speed heavy duty vehicle) by voltage (24V, 36V, 48V, 60V and 72V) and region (North America, Europe, Asia Pacific, and the Rest of the World).

“48 Volt powered LSEV market is expected to remain the largest segment during the forecast period.”

Based on voltage type, the low speed electric vehicle market is segmented into 24V, 36V, 48V, 60V and 72V. Lucintel forecasts that the 48 Volt powered LSEV market is expected to remain the largest segment, due to rising demand for high performance LSEVs.

“Asia pacific will dominate the low speed electric vehicle market in near future.”

APAC will remain the largest region and it is also expected to witness the highest growth over the forecast period due to government initiatives to reduce carbon emission and increasing traffic congestion.

Major players of low speed electric vehicle market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. BYVIN, Yogomo, Textron, Shandong Shifeng, Polaris, Groupe Renault, LIGIER GROUP, Yujie Group, Terra Motors, Changzhou Yufeng Vehicle, Jiangsu Kingbon Vehicle, Jiangsu East Yonsland Vehicle, and ZHIDOU are among the major low speed electric vehicle providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056 

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Polyamide resin is expected to remain the largest segment in the global automotive under the hood plastic market

An exciting new study from the team of Lucintel found that automotive under the hood plastic market is expected to reach $6.2 billion by 2028 with a CAGR of 4%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.

The automotive under the hood plastic market is segmented based on application, vehicle type, resin type, and region. In this market, polyamide resin is expected to remain the largest resin type. Players can benefit from the available opportunities like increasing use of plastic content per vehicle coupled with stringent government regulations to reduce carbon emissions and increasing fuel efficiency.

Increasing trend of bike sharing, development of folding automotive under the hood plastics, and custom fit automotive under the hood plastics are emerging trends having impact on dynamics of the industry.

BASF, Lyondellbassell, EI Du Pont de Nemours.Co, and Borealis are some of the major players profiled in this 261 page report.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the automotive under the hood plastic market by application (air intake manifolds, engine covers, rocker covers, front end modules, and other components), by vehicle type (passenger cars, light commercial vehicles, and heavy commercial vehicles), resin type (polyamide, polypropylene, and other plastics), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the automotive under the hood plastic market?

Q.4 What are some changing demands of customers in the automotive under the hood plastic market?

Q.5 What are the new developments in the automotive under the hood plastic market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this automotive under the hood plastic area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this automotive under the hood plastic market?

This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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Automotive Transmission Market is expected to reach $679.9 billion by 2028- An exclusive market research report by Lucintel

Lucintel's latest market report analyzed that automotive transmission provides attractive opportunities in the passenger car, light commercial vehicle, and electric vehicle markets. The automotive transmission market is expected to reach $679.9 billion by 2028 with a CAGR of 14%. In this market, automatic transmission is the largest segment by transmission type. The introduction of more efficient automatic transmission and increasing demand for hybrid and dual clutch transmission provides strategic growth path in this market.

Based on transmission type, the automotive transmission market is segmented into Automatic and Manual. The automatic transmission segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to ease of operation and low maintenance cost which is driving the automatic transmission market.

Browse in-depth TOC on “Automotive Transmission Market”

72 – Tables

108 – Figures

256 – Pages

The Automotive Transmission Market is marked by the presence of several big and small players. Some of the prominent players offering automotive transmission include Aisin Seiki, Robert Bosch, ZF Friedrichshafen, Continental, Magna, Eaton Corporation, GKN, Jatco, BorgWarner, Schaeffler.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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Automotive Plastics Market is anticipated to grow at a CAGR of 4.8% during 2022-2028

The global automotive plastics market is projected to reach $33.2 billion by 2028, at a CAGR of 4.8% during 2022-2028. The growth of automotive plastics market is driven by increasing demand for lightweight materials for OEMs to reduce vehicle weight in response to stringent government regulations on fuel economy.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the automotive plastics market by polymer (polypropylene, polyurethane, polyamide, PVC, ABS, polycarbonates, polyethylene, PMMA and other plastics), by vehicle type (passenger cars, light commercial vehicles, and heavy commercial vehicles), by application (interior, exterior, under the hood and electrical components), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the automotive plastics market?

Q.4 What are some changing demands of customers in the automotive plastics market?

Q.5 What are the new developments in the automotive plastics market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this automotive plastics area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this automotive plastics market?

Emerging trends, which have a direct impact on the dynamics of the industry, include the introduction of more efficient automatic transmission and increasing demand for hybrid and dual clutch transmission.

Market Segmentation:

Based on application, the automotive plastics market is segmented into interior, exterior, under the hood and electrical components. The passenger car segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to increasing plastic content per vehicle in emerging applications like oil pans, wheel rims, and battery trays.

Europe is expected to remain the largest region due to increasing use of plastic content per vehicle coupled with stringent government regulations to reduce carbon emissions and to increase fuel efficiency. Asia Pacific is expected to witness significant growth over the forecast period because of high vehicle production and gradually increasing plastic content per vehicle.

Key Players in the automotive plastics market are BASF, Lyondellbassell, Du Pont. Co, Borealis AG, Dow Chemicals, Solvay, DSM, SABIC, EXXON Mobil, and Arkema.

The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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Lucintel Forecasts Automotive AHSS Market to Reach $34.8 Billion by 2028

According to the recent study the automotive AHSS market is projected to reach an estimated $34.8 billion by 2028 from $21.4 billion in 2023, at a CAGR of 8.5% from 2023 to 2028. Growth in this market is primarily driven by increasing vehicle production, reduction in fuel consumption, lower cost of AHSS materials than other lightweight materials, and stringent government regulations regarding CO2 emissions.

Browse 93 figures/charts and 73 tables in this 255-page report to understand trends, opportunities and forecast in automotive AHSS market by product type (Dual phase steel, Martensitic Steel, Boron steel, TRIP and Others), vehicle type (Passenger cars and Light commercial vehicle), application (Body and Closures, Suspensions, Bumper and Intrusion Beams and Others) and region (North America, Europe, Asia Pacific, and Rest of the World).

“Passenger cars market is expected to remain the largest segment during the forecast period.”

Based on vehicle type, the automotive AHSS market is segmented into Passenger cars and Light commercial vehicle. Lucintel forecasts that the passenger cars market is expected to remain the largest segment due to increasing production of small, compact, and luxury cars and increasing penetration of AHSS material per car to reduce the carbon emission and to increase fuel efficiency.

“Europe will dominate the automotive AHSS market in near future.”

Europe will remain the largest region and it is also expected to witness the highest growth over the forecast period due to the increasing use of lightweight materials content per vehicle coupled with stringent government regulations to reduce the carbon emission.

Major players of automotive AHSS market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. ArcelorMittal SA, ThyssenKrupp AG, POSCO, SSAB AB, and AK Steel are among the major automotive AHSS providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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Functional Safety Sensor Market is anticipated to grow at a CAGR of 8.1% during 2023-2028

The global functional safety sensor market is projected to reach $9.0 billion by 2028, at a CAGR of 8.1% during 2023-2028. The growth of functional safety sensor market is driven by increasing adoption of industry 4.0, widespread use of these technologies to comply with industry safety standards, and enormous demand for this technology in oil and gas plants as a safety measures and to reduce chances of disasters.

Some of the Key Questions answered in this exclusive report are:

Q.1 What are some of the most promising, high-growth opportunities for the functional safety sensor market by product type (safety sensors, safety PLCs, safety relays, valves, and actuators), application (chemical, food and drink, water and sewage, pharmaceuticals, biotechnology, metals & mining, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 What are the business risks and threats to the functional safety sensor market?

Q.4 What are some changing demands of customers in the functional safety sensor market?

Q.5 What are the new developments in the functional safety sensor market? Which companies are leading these developments?

Q.6 What strategic initiatives are being implemented by key players for business growth?

Q.7 What are some of the competitive products and processes in this functional safety sensor area and how big of a threat do they pose for loss of market share via product substitution?

Q.8 What M&A activity has occurred in the last 5 years in this functional safety sensor market?

Market Segmentation:

Based on product type, the functional safety sensor market is segmented into safety sensors, safety PLCs, safety relays, valves, and actuators. The safety sensor segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the enormous need for these sensors to provide timely alerts in potentially hazardous situations.

North America will remain the largest region due to the continuous expansion of oil and gas projects, rising adoption for fire and gas monitoring systems, and supporting government spending to boost the capacity for energy production in the region.

Key Players in the functional safety sensor market are ABB, Emerson Electric, Rockwell Automation, Schneider Electric, Siemens, and General Electric.

The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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Lucintel Forecasts 3D Display Market to Reach $249.4 Billion by 2028

According to the recent study the 3D display market is projected to reach an estimated $249.4 billion by 2028 from $108.6 billion in 2023, at a CAGR of 18.1% from 2023 to 2028. Growth in this market is primarily driven by growing demand for 3D technologies designed for the gaming industry and home entertainment coupled with increasing penetration of 3D displays in the healthcare industry for medical imaging, and for advanced driver assistance systems (ADAS) and in-car entertainment systems in the automotive industry.

A more than 150–page report is developed to understand trends, opportunities and forecast in 3D display market by product (volumetric display, stereoscopic display, and HMD (head mounted display)), technology (digital light processing (DLP), plasma display panel (PDP), organic light-emitting diode (OLED), and light emitting diode (LED)), application (televisions, smartphones, monitors, mobile computing devices, projectors, and head mounted display (HMD), and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

“Stereoscopic display market is expected to remain the largest segment during the forecast period.”

Based on product, the 3D display market is segmented into volumetric display, stereoscopic display, and HMD (head mounted display). Lucintel forecasts that the stereoscopic display market is expected to remain the largest segment due to growing adoption of these display in the gaming and entertainment industries for various applications, such as academics, movies, animations, and video games.

“Within the 3D display market, the television segment is expected to remain the largest application.”

Based on application the television segment is expected to witness the highest growth over the forecast period due to increasing consumer’s inclination from theaters towards TVs or computers post COVID-19 pandemic, owing to better visualization impact and enhanced picture quality.

“Asia pacific will dominate the 3D display market in near future.”

APAC is projected to remain the region with the highest growth over the forecast period due to significant growth in the entertainment and gaming industries, especially in Japan, China, and India, along with increasing purchasing power of consumers in this region.

Major players of 3D display market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. AUO Corporation, BOE Technology Group, Innolux Corporation, Japan Display, LG Electronics, SAMSUNG, SHARP CORPORATION, Sony Corporation,Truly Semiconductor, and Coretec Group are among the major 3D display providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056 

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