Automotive&TransportationWorld

The U.S. automotive tire market is witnessing growth due to the prospering automotive industry and high demand for tire replacement due to the improving average age of vehicles. From $57.9 billion in 2018, the market is expected to garner $75.4 billion by 2024, registering a 5.4% CAGR during the forecast period (2019–2024). A circular component that goes around the wheel and contains compressed air, which helps in transferring the load of the vehicle from the axle to the ground, is referred to as a tire. Low-rolling-resistance tires that are more fuel-efficient than conventional tires are trending in the U.S. automotive tire market. Additionally, they also provide enhanced durability and have a better grip for increased safety. Technological advancements have not only led to improvements in vehicles, thereby leading to their high demand, but they have also influenced the tires, which are now being made for improved functionality. For instance, innovation by market players in th...

The global automotive exhaust aftertreatment systems market is projected to register notable growth during the forecast period (2019–2025). Increasing greenhouse gas emissions by vehicles and growing implementation of associated regulatory standards are the major factors expected to drive the growth of the market. Globally, several governments are implementing stringent emission regulations for gasoline and diesel vehicles to keep the air quality level in check. This, in turn, is fueling the demand for exhaust aftertreatment systems for vehicles across the world. On the basis of fuel type, the automotive exhaust aftertreatment systems market has been categorized into gasoline and diesel. Between the two, diesel-based systems held the larger share in the market in 2018. Exhaust aftertreatment systems are mostly incorporated in automobiles with diesel engines. The vehicles that propel on diesel emit more harmful gases than those that run on gasoline, as gasoline contains compar...

From valuing $155.3 billion in 2018, the automotive tire market is projected to grow to $237.2 billion by 2024, registering a CAGR of 7.7% during the forecast period (2019–2024). In the coming years, the Asia-Pacific (APAC) region would continue being the largest automotive tire market. It held a volume share of more than 55.0% in 2018. This growth is mainly attributed to the increasing gross domestic product (GDP), rising automobile production, and improving disposable income of people in developing nations, such as India and China. Additionally, the North American market is also witnessing a rapid increase in its revenue due to the rising number of investments, by both domestic and international manufacturers. The automotive tire market vancouver wa  is observing the trend of next-generation, high-performance tires across the world.  Their popularity in the market is encouraging key players to invest in the development of ultra-high-performance tires, which would al...

The global automotive aluminum market is expected to observe an extensive growth in the coming years, due to the increased demand for lightweight material in automobile industry, coupled with growing vehicle production in many countries around the world. Aluminum considerably reduces the overall weight of a vehicle and thus increases the fuel efficiency of the vehicle, which in turn, produces fewer tailpipe emission. Apart from this, 90% of aluminum used in automobile can be recycled. Mandatory regulations and strict emission norms in many countries have increased the demand for aluminum in the automotive industry. Based on vehicle type, the automotive aluminum market is classified into passenger car, light commercial vehicle (LCV), and heavy commercial vehicle (HCV). Among these, the passenger car is expected to continue dominate the automotive aluminum market over the forecast period, owing to its high production, especially in India and China, coupled with rising demand for fu...