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The demand for luxury vehicles with cutting-edge roof systems is projected to increase due to shifting lifestyle trends and rising disposable income among consumers. It is anticipated that the enforcement of stringent regulations concerning vehicle safety standards and emissions control will also propel the uptake of lightweight and efficient roof systems. Against this backdrop, the […]
Light vehicle sales in India poised to reach record 4.9 million in 2024, forecasts GlobalData
India’s light vehicles (LV) market is on the cusp of a record-breaking year, with a confluence of economic, political, and market factors aligning to drive growth. Robust economic expansion, the government’s fiscal stimulus, sustained demand for SUVs, and new model activity are expected to drive wholesales to a record-high of 4.9 million vehicles in 2024, […]
APAC automotive engine cooling systems market to record negative 1.0% CAGR over 2023-28, forecasts GlobalData
The Asia-Pacific (APAC) region boasts the world’s largest and most rapidly expanding automotive market. With a rising number of vehicles in the area, there is a parallel surge in the need for engine cooling systems. While radiators currently hold a prominent position in the sector, alternative methods such as thermoelectric cooling and direct liquid immersion […]
APAC automotive electric motors market to expand at 3.1% CAGR over 2023-28, forecasts GlobalData
As automobiles undergo modernization over time, an increasing number of automated features are replacing their manual counterparts, such as parking brakes, resulting in a heightened demand for automotive motors. The swift rise in the adoption of electric vehicles (EVs) in the Asia-Pacific (APAC) region is fueling the need for electric motors, a pivotal component in […]
APAC automotive 4WD and AWD market to register CAGR of 2.8% over 2023-28, forecasts GlobalData
In the Asia-Pacific (APAC) region, there is an increase in consumer preference for sports utility vehicles (SUVs). The market for sport utility cars is expanding more quickly in Vietnam, Japan, China, and India. The largest trend being driven by the increase in small and medium-sized SUVs and crossovers is the development of intelligent all-wheel drive […]
APAC heavy trucks market to expand at 4.9% CAGR over 2023-28, forecasts GlobalData
The increasing pace of global industrialization is driving a surge in demand for heavy trucks. The Asia-Pacific (APAC) region, serving as a prominent global industrial hub, is experiencing a substantial demand for heavy trucks. Notably, China is anticipated to lead the growth in the heavy truck market within the region, with India and Japan following […]
APAC automotive vehicle access market to expand at 5.6% CAGR over 2023-28, says GlobalData
Consumers are increasingly favoring more convenient choices for various aspects of their vehicles, particularly in terms of access. The rising disposable income and a growing preference for luxury cars in the Asia-Pacific (APAC) region are driving the demand for keyless entry systems, which provide convenience and a sophisticated appearance. Against this backdrop, the automotive vehicle […]
APAC automotive vision systems market to expand at 2.7% CAGR over 2023-28, says GlobalData
The demand for automotive vision systems in the Asia-Pacific (APAC) region has significantly increased in recent years. This growth can be attributed to several factors, such as increased awareness among consumers regarding road safety, a growing preference for luxury vehicles, and a rise in disposable income. Against this backdrop, the automotive vision systems market in […]
APAC automotive front-end modules market to register 2.5% CAGR over 2023-28, forecasts GlobalData
Due to the growing production of small and light vehicles and the increased focus on passenger and driver safety, the market for automotive front-end modules is witnessing a rapid expansion. Moreover, automotive manufacturers are increasingly adopting innovative front-end modules to gain a competitive advantage and accelerate market growth. Against this backdrop, the automotive front-end modules […]
APAC automotive electric and electronic distribution systems market to see 2.5% CAGR over 2023-28, forecasts GlobalData
One of the most crucial parts of an automobile’s electrical system is the wire harness. In a typical car, it bundles up to 5km of cables. Profitable wire harness market opportunities are anticipated due to the rise in safety consciousness, strict government regulations, a connected car ecosystem, and the growing installation of communication devices in […]
APAC automotive door modules market to register CAGR of 2.6% over 2023-28, forecasts GlobalData
There is currently a rising need for new door modules due to the increase in demand for electric and hybrid vehicles. The current coordinated government programs encouraging the use of electric and hybrid vehicles support this as well. Against this backdrop, the automotive door modules market is forecast to register a compound annual growth rate […]
Asia-Pacific automotive HVAC systems market to register 2.3% CAGR over 2023-28, forecasts GlobalData
Automotive heating, ventilation, and air conditioning (HVAC) systems have undergone a transformative shift, with manufacturers emphasizing green technology for enhanced environmental sustainability and cost-effectiveness. To align with rigorous government emission regulations, market competitors are actively producing eco-friendly HVAC products. The surge in energy efficiency, coupled with strategic mergers and acquisitions, is driving market growth. Amid […]
APAC automotive seating market to expand at 3.6% CAGR over 2023-28, forecasts GlobalData
The automotive industry has witnessed substantial developments in car seat technology over the last few decades, driven by consumer demand. Modern car seats are not only comfortably cushioned but also come with a variety of features, with powered and heated seating being particularly popular. Despite conventional seating maintaining a significant market share, there is a […]
APAC automotive exhaust systems market set to witness negative 1.3% CAGR through 2028, forecasts GlobalData
The significant surge in the adoption of car particulate filters is primarily driven by apprehensions regarding escalating carbon emissions standards, prompting various regional and international policies. As a result, businesses are increasingly employing selective catalyst reduction techniques to boost filter efficacy. Against this backdrop, the Asia-Pacific (APAC) automotive exhaust systems market is set to increase […]
APAC automotive fuel tanks market to record negative CAGR of 0.5% over 2023-28, forecasts GlobalData
To meet rising customer demand for enhanced standards, automotive manufacturers worldwide are increasingly substituting metal fuel tanks with lighter plastic tanks. Against this backdrop, the automotive fuel tanks market in Asia-Pacific (APAC) is forecast to register a negative compound annual growth rate (CAGR) of 0.5% over 2023-28, according to GlobalData, a leading data and analytics […]
APAC automotive roof systems market to record 4.4% CAGR over 2023-28, forecasts GlobalData
The market for automotive roof systems is expanding due to advancements in material technology, rising premium vehicle demand, and increasing consumer preference for advanced roof systems in developing countries. Additionally, rising automotive vehicle sales and the gradual increase in the use of solar sunroofs in electric vehicles (EVs) globally are expected to open new markets […]
APAC automotive aluminum tyres and wheels market to expand at 3.3% CAGR over 2023-28, says GlobalData
As the choice of Asia-Pacific (APAC) consumers is shifting towards more premium-looking, luxurious cars, demand for wheels is also shifting towards aluminum wheels over steel. The demand is also driven by the rising adoption of electric vehicles (EVs). Apart from providing a premium look, aluminum wheels can also offer better fuel efficiency and EV battery […]
APAC suspension systems market to register 2.5% CAGR over 2023-28, forecasts GlobalData
Suspension systems are becoming increasingly important for automobile manufacturers and suppliers to provide enhanced driving experiences and vehicles that are well-equipped to handle the challenges of any region, with a focus on safety, comfort, and sustainability. Against this backdrop, the automotive suspension systems market in Asia-Pacific (APAC) is forecast to register a compound annual growth […]
APAC automotive steering systems market to expand at 2.7% CAGR over 2023-28, forecasts GlobalData
The automotive industry has hastened the electrification of many typical mechanical systems to meet the demand for lower emissions. Many things have been electrified—from supercharging to power steering—to cut emissions while also improving safety, streamlining processes, and the driving experience. Additionally, combining electronic power steering with other fuel-efficient technology can improve a vehicle’s fuel efficiency. […]
APAC automotive braking systems market to record 2.8% CAGR over 2023-28, forecasts GlobalData
Due to an increase in sales of hybrid and electric vehicles, there is a great demand for brake-by-wire technology and other cutting-edge automotive brake systems. As a result, manufacturers are moving away from electrohydraulic technology and shifting towards brake-by-wire. By making anti-lock braking systems (ABS) standard equipment in all new passenger vehicles, several emerging nations […]