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Automotive

APAC automotive roof systems market to record 3% CAGR over 2024-29, forecasts GlobalData

Automobile manufacturers in the Asia-Pacific (APAC) region are focusing on enhancing vehicle aesthetics and offering a premium experience in affordable car segments, with roof systems playing a key role in their efforts to stay competitive. Sunroofs have become a major consumer requirement, leading manufacturers to integrate them into budget cars. Additionally, factors like rapid urbanization, […]
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APAC automotive parking assistance sensor market to rise at 6.9% CAGR over 2024-29, forecasts GlobalData

The automotive sector is experiencing an increasing demand for electronic sensors, driven by ongoing technological advancements and innovations. The emphasis on electrification, autonomous vehicle technology, and heightened concerns regarding road safety have intensified the necessity for high-precision sensors. In this context, the automotive parking assistance sensor market is projected to experience a compound annual growth […]
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APAC petrol engines market to decline at negative 5.8% CAGR over 2024-29, forecasts GlobalData

Asian countries have demonstrated a proactive approach in implementing policies that foster the growth of the electric vehicle (EV) market, aimed at environmental sustainability and enhanced competitiveness in the global automotive manufacturing and export sectors. This strategy is contributing to a declining demand for traditional internal combustion engines (ICEs), especially in the passenger car segment. […]
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APAC exhaust and ICE after-treatment market to decline at negative 2% CAGR over 2024-29, forecasts GlobalData

As environmental sustainability concerns continue to grow, electrification has become a key focus for governments worldwide, with the Asia-Pacific (APAC) region at the forefront of this transition. China, being the largest market for electric vehicles (EVs), is leading the charge, while other Asian nations such as Japan, South Korea, India, and Indonesia are implementing policies […]
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APAC automotive diesel engines market to register negative 2% CAGR over 2024-29, forecasts GlobalData

The automotive engines market in the Asia-Pacific (APAC) region is significantly influenced by increasingly stringent government regulations regarding exhaust emissions. Concurrently, in response to the growing trend of electrification, APAC governments are implementing policies and incentives designed to promote zero-emission vehicles. This shift is having a detrimental impact on the automotive diesel engines market. Against […]
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APAC automotive non-traction electric motors market to grow at 1.6% CAGR over 2024-29, forecasts GlobalData

The growth of the non-traction electric motors market in the Asia-Pacific (APAC) region is driven by factors such as rising consumer demand for premium features and technological advancements. These factors, along with expanding automotive industries, are accelerating the adoption of non-traction electric motors in the region. Against this backdrop, the APAC non-traction electric motors market […]
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APAC automotive auxiliary battery market to decline at negative CAGR of 1.9% over 2024-29, forecasts GlobalData

Driven by its status as the world’s largest automotive hub, the Asia-Pacific (APAC) region leads the lead-acid auxiliary batteries market in terms of volume, with India and China being the dominant markets. However, as electric vehicles (EVs) continue to gain popularity worldwide, the demand for internal combustion engine (ICE) cars is anticipated to decline, which […]
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APAC automotive aftermarket consumables market to expand at 2.1% CAGR over 2023-28, forecasts GlobalData

The Asia-Pacific (APAC) region, being the most populous globally, has a large vehicle fleet, and the introduction of stringent emission standards across the region is driving demand for aftermarket consumables. By accelerating the need for timely replacement of service parts to ensure compliance with environmental standards, these regulatory measures are positively influencing the aftermarket consumables […]
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APAC fuel cell powertrains market to surge at 46.7% CAGR over 2024-29, forecasts GlobalData

As emission regulations tighten and sustainability concerns grow, zero-emission vehicles like fuel cell electric vehicles (FCEVs) are gaining traction. They offer advantages over battery electric vehicles (BEVs), including longer range, faster refueling, and lower weight. Currently, the Asia-Pacific (APAC) region holds nearly 90% of the FCEVs market globally. Against this backdrop, the APAC fuel cell […]
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APAC automotive instrument cluster market to reach 55.2 million units by 2029, forecasts GlobalData

In recent years, the automotive industry in Asia-Pacific (APAC) has witnessed a significant shift towards advanced instrumentation in vehicles, as consumers increasingly demand modern features and technologies. From digital displays to driver assistance technologies, consumers are increasingly seeking vehicles that offer not just transportation but a holistic driving experience. As such, the volume of the […]
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APAC automotive aftermarket wear and tear market to expand at 3.7% CAGR over 2023-28, forecasts GlobalData

Being the most populated region globally with the largest number of on-road car volumes, Asia-Pacific (APAC) has an established aftermarket wear and tear market. In addition, a variety of demographics, changing consumer preferences, technological adaptability, and varying regulations have provided the aftermarket wear and tear market a dynamic growth opportunity. Against this backdrop, the APAC […]
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APAC automotive seating market to record 2.4% CAGR over 2024–29, forecasts GlobalData

Automotive manufacturers are increasingly exploring different seat cushion materials that offer enhanced durability and user comfort. Furthermore, with the rise of electric vehicles (EVs), autonomous driving technology, and the increasing demand for customization and luxury features, automotive seating has become a hotbed for innovation and technological advancements. Asia, being the automotive hub globally, has been […]
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India vehicle automatic transmission market to reach 0.7 million units by 2029, forecasts GlobalData

Automatic transmission technology in the automotive industry is advancing swiftly, emphasizing improved driving comfort, fuel efficiency, and performance. In India, the rising demand for vehicles with automatic transmissions is fueled by shifting consumer preferences and technological progress. The volume of the automatic transmission market is projected to increase steadily over the next decade, reaching 709.8 thousand […]
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Hyundai Motor India takes IPO route to strengthen market position amidst rising local competition, says GlobalData

Hyundai Motor India Limited, a subsidiary of Hyundai Motor Company, has officially launched its initial public offering (IPO) on 15 October 2024. As India’s second-largest car manufacturer, Hyundai’s growth reflects a well-executed strategy of diversifying its product lineup and expanding into Tier-2 and Tier-3 cities. This IPO positions the company to bolster its market presence […]
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