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North America Antifreeze and Coolants Market to Reach US$ 2.3 Bn by 2030 – Persistence Market Research

NEW YORK, Nov. 18, 2020 /PRNewswire/ — Ongoing developments in the automotive sector have led to significant product innovations in the antifreeze and coolants industry. Rising vehicle numbers, emerging economies, and increased per capita income are leading to surging demand for advanced versions of antifreeze and coolants on a large scale. This will heighten the procurement rate of antifreeze/coolants during the forecast period, thereby aiding growth of the North…

NEW YORK, Nov. 18, 2020 /PRNewswire/ — Ongoing developments in the automotive sector have led to significant product innovations in the antifreeze and coolants industry. Rising vehicle numbers, emerging economies, and increased per capita income are leading to surging demand for advanced versions of antifreeze and coolants on a large scale. This will heighten the procurement rate of antifreeze/coolants during the forecast period, thereby aiding growth of the North America antifreeze and coolants market.

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As per PMR analysis, the North America Antifreeze and Coolants Market is anticipated to expand at a CAGR of around 4% over the forecast period of 2020-2030, to reach a valuation of US$ 2.3 Bn by 2030-end.

Key Takeaways from North America Antifreeze and Coolants Market Study

  • The use of antifreeze and coolants is significant in cold regions, with rising need for thermal management and low flash point fluids.
  • PMR forecasts that there will be rather sound growth in developed countries of North America, with key emphasis on ethylene glycol, owing to its ability to be used in all climatic conditions and cost-effectiveness. One of the advantages of ethylene glycol is that it is the most preferred base fluid across the globe.
  • Antifreeze and coolant companies in the U.S. are increasing their interest in the development of performance-specific coolants with rising demand from the automotive and industrial sectors.
  • Prominent players have developed Extended Life Coolants for heavy duty applications. The effect of such developments, with their powerful marketing and engineering, is speculated to reshape the North America antifreeze and coolants market.
  • Recent industrialization coupled with increase in the number of HVAC equipment, is also expected to drive the growth of the North America antifreeze and coolants market over the forecast period.
  • Adoption of antifreeze/coolants is also driven by expansion of manufacturing facilities, increasing use in aerospace applications, and emerging technologies in electronics industries across North America.
  • The U.S accounts for more than half of the North America antifreeze and coolants market share. Yet, due to the fall of economic sectors of various countries, there has been steep downgrades since the COVID-19 pandemic has begun. However, economies are recovering from the effects and adapting to new industry protocols, and the antifreeze/coolants industry is expected to experience unprecedented growth owing to new developments.

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«The pandemic will permanently change the face of the auto industry, accelerating developments at the operational level. It is expected to create new opportunities for antifreeze and coolants by redefining their specifications for improved end-use applications. It will be seen as a medium for recovery to navigate the crisis,» says a PMR analyst.

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North America Antifreeze and Coolants Market to Remain Consolidated

The North America antifreeze and coolants market is moderately consolidated in nature. Tier-1 manufacturers are estimated to account for one-third of the North America antifreeze and coolants market. Some of the leading manufacturers identified in the North America antifreeze and coolants market are Old World Industries, CCI Manufacturing, Valvoline, Chevron Products Company, Royal Dutch Shell, and Roshfrans, amongst others. Manufacturers are aiming to strengthen their market share by improving brand value and expanding distribution networks.  

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North America Antifreeze and Coolants Market: Conclusion

In recent times, the antifreeze and coolants industry has witnessed substantial growth due to the rising automotive sector. The North America antifreeze and coolants market is anticipated to influence product innovation, with the high presence of manufacturers having a major share of companies operating in the aftersales channel. Key players focus on acquisition strategies and regional dominance to establish their products in the region. Additionally, stringent regulatory norms pertaining to antifreeze/coolant disposal will proliferate the North America antifreeze and coolants market throughout the stipulated period.      

Want to Know More?

The research report on the North America antifreeze and coolants market published by Persistence Market Research analyzes market demand trends of the product on a value and volume basis. Global market estimations and growth projections are based on factors such as increase in automotive manufacturing and vehicle parc, growing vehicle fleet size, COVID-19 crisis impact, and robust industrial growth increasing demand in industrial applications. As per PMR’s research scope, the North America antifreeze and coolants market has been studied and segmented on the basis of application, type, sales channel, and country. The North America antifreeze and coolants market report also details pricing trends, cost structure, and market presence of leading manufacturers.

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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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Accelerating ODO DRIVE adoption signals «end of spreadsheets» for vehicle fleet management

– DRIVE Software Solutions reports near trebling of vehicles on its ODO platform in past 6 months

– Delivery companies lead growth as trend to WFH continues and may remain

– Leasing brokers adopt functionality as they look to move into fleet management

– Automotive industry recognises shift to «usership» from «ownership»

LONDON, Nov. 18, 2020 /PRNewswire/ — DRIVE Software Solutions, a leading provider of fleet management technology, today announces  a near trebling…

– DRIVE Software Solutions reports near trebling of vehicles on its ODO platform in past 6 months

– Delivery companies lead growth as trend to WFH continues and may remain

– Leasing brokers adopt functionality as they look to move into fleet management

– Automotive industry recognises shift to «usership» from «ownership»

LONDON, Nov. 18, 2020 /PRNewswire/ — DRIVE Software Solutions, a leading provider of fleet management technology, today announces  a near trebling of vehicles on its ODO fleet management platform since April 2020.

 

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This exceptional growth in the midst of a pandemic is being driver by increased demand from three key customer segments:

  1. Delivery companies that are seeing exponential growth in home deliveries as consumers buy online.
  2. Leasing brokers that are diversifying their business  models to introduce recurring revenue streams from fleet management service. DRIVE has grown its broker customer base by 30% since April 2020.
  3. The automotive sector (OEMs, Dealers, Brokers) where the long-term trend for consumers  to migrate from vehicle ownership to usership, requiring them to optimise their fleet through multiple channels including car sharing, subscription models and short-term rental.  

Described as the ‘evolution engine’ of the industry, DRIVE’s intuitive fleet management platform ODO enables suppliers within the automotive industry (OEMs, Dealers, Brokers, Lease Cos and SMEs) to evolve their business models quickly to adapt to this rapidly changing market.

ODO delivers three key benefits to businesses looking to optimise their fleet, namely:

  • Peace of mind; ODO enables vehicles and drivers to remain compliant whilst also making it easy to deliver on duty of care responsibilities (including, but not limited to driver health and vehicle safety) and giving confidence that any fraudulent activity is identified;
  • Lower fleet costs: through functionality that prevents end of lease surprises and reduces fuel and maintenance costs.
  • Time saving; with a driver app that empowers users to self-serve and manage vehicles efficiently, with proactive prompts to identify and prioritise issues, key tasks and reporting.

A number of key players in the industry have been commenting recently on DRIVE, reflecting the positivity surrounding the ODO app and platform which is driving its growth:

Select Car Leasing’s Corporate Implementation Manager Paul Defoe said: «We are really impressed with the ODO software.  It allows you to save a lot of time when running your fleet and all the data is easily visible, accessible, and simple to extract. Gone are the days of recording everything on a spreadsheet! It also provides a full solution for compliance checking and monitoring for extra piece of mind.»

Meanwhile, DRIVE has recently enabled Rivervale to win bigger fleets.  As COO Vince Pemberton commented «Winning larger fleets reflects the progress we have made over the last few years as we have expanded our fleet management capabilities both inhouse and with the support of the ODO platform. It represents a major milestone for our business as we continue to expand our fleet management offering through a ‘customer first’ approach.»

Finally, Paul Bulloch of Concept Vehicle Leasing confirmed the enormous time saving capabilities enabled by ODO when he confirmed: «Implementing the ODO fleet management solution can save a business running a fleet of 20, 25 vehicles up to six weeks a year.»

Robert Gorby, Chief Commercial Officer for DRIVE Software Solutions, said: «We’re delighted with the growth we’ve seen so far this year. However, this is just the start of something much bigger for DRIVE and the industry generally as we accelerate towards the new realities of Mobility as a Service, Electric and hydrogen vehicles, Autonomous and Connected vehicles and an increasingly digitally savvy consumer.»

For more information, please visit www.ododrive.com  

About DRIVE Software Solutions

Drive Software Solutions’ developed technologies are responsible for the management of 1.5 million vehicles in 55 countries around the world. From bespoke software platforms and consultancy for individual corporates to ODO, our cloud delivered solution for fleet management, DRIVE is at the forefront of the automotive mobility sector.

DRIVE runs in the Oracle cloud, giving businesses a bespoke platform to manage their fleet and their drivers on the go at anytime, anywhere, using all devices.  

Time to optimise your fleet. www.ododrive.com

For more information contact Robert Gorby on 07861 234984 / robert@ododrive.com or Scott Fulton at scott@fulton-associates.com / 07788 144993

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Shaking up the Middle East – GAC MOTOR Launches Three Flagship Models in the Kuwait Market

KUWAIT CITY, Kuwait, Nov. 18, 2020 /PRNewswire/ — On November 17, GAC MOTOR held a grand launch event for its three new blockbusters, GS5, GN6, and the All New GA8, in Shuweikh, Kuwait, which showcases their extraordinary quality and elegance. This splendid event was attended by Senior members of the Chinese Enterprises Association in Kuwait, the Distributor’s management…

KUWAIT CITY, Kuwait, Nov. 18, 2020 /PRNewswire/ — On November 17, GAC MOTOR held a grand launch event for its three new blockbusters, GS5, GN6, and the All New GA8, in Shuweikh, Kuwait, which showcases their extraordinary quality and elegance. This splendid event was attended by Senior members of the Chinese Enterprises Association in Kuwait, the Distributor’s management team of GAC MOTOR in Kuwait, VIPs and senior banking and insurance practitioners, and attracted the attention of many local mainstream media in Kuwait. The successful launching of these three new models will build greater brand awareness of GAC MOTOR globally.

GS5, GN6, and the All New GA8 showcase their extraordinary quality and elegance

The three new models introduced into Kuwait are indeed the blockbusters of GAC MOTOR, which embodies the latest R&D achievement and the superior global resources of GAC MOTOR.

Kuwait is hot and dry all year round. The harsh driving environment results in customers’ strict requirements on the heat and dust-resistant configuration and vehicles’ safety performance. In response to this, GS5 is equipped with an internationally advanced new bi-zone air conditioner, jointly developed by GS5 and DENSO, the world’s top air-conditioning system provider, featured with fast cooling, low noise, and uniform outlet air temperature, which keeps the interior temperature suitable for both driver and passengers.

In the MPV segment, the interior layout is always a significant indicator to consider. As a competitive MPV designed for Kuwaiti families, GN6 has a width of 1837mm and a super-long wheelbase of 2810mm, which can easily accommodate the whole family members. It also has a 1100L magic luggage space, housing the entire family’s carry-on luggage, making itself suitable for family travel.

All New GA8 embodies the sense of luxury and quality in its appearance, its elaborative jewelry design, including crystal electronic shift lever and diamond cutting central adjusting knob, effectively rendering the interior decoration more sophisticated and showing a better taste. The top materials highlight the craftmanship of GAC MOTOR that are perceivable from details, which also represents the owner’s taste and values.

This launching event marks an important milestone for GAC MOTOR in the Middle East. GAC MOTOR will continue to follow the dual-track development plan of global coverage whilst building a ‘world-class brand and global enterprise’. Its overall goal is to build an internationally influential Chinese brand image, and consistently provide the global consumers with an exciting and enriching life of mobility.

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Automotive Software Market to Reach $43.5 Bn, Globally, by 2027 at 14.5% CAGR: Allied Market Research

Surge in adoption of ADAS features in automobiles, growing inclination toward connected car services, and emergence of innovative technologies for advanced user interface (UI) fuel the growth of the global automotive software market

Portland, Ore., Nov. 17, 2020 /PRNewswire/ — Allied Market Research published a report, titled, «Automotive Software Market by Application…

Surge in adoption of ADAS features in automobiles, growing inclination toward connected car services, and emergence of innovative technologies for advanced user interface (UI) fuel the growth of the global automotive software market

Portland, Ore., Nov. 17, 2020 /PRNewswire/ — Allied Market Research published a report, titled, «Automotive Software Market by Application (Safety System, Infotainment and Telematics, Powertrain and Chassis), Product (Operating System, Middleware and Application Software) and Vehicle Type (ICE Passenger Car, ICE Light Commercial Vehicle, ICE Heavy Commercial Vehicle, Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle and Autonomous Vehicles): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global automotive software industry was estimated at $18.5 billion in 2019 and is anticipated to hit $43.5 billion by 2027, registering a CAGR of 14.5% from 2020 to 2027.

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Drivers, restraints, and opportunities-

Rise in adoption of ADAS features in vehicles, growing inclination toward connected car services, and intervention of innovative technologies for advanced user interface (UI) drive the global automotive software market. On the other hand, lack of standard protocols to develop software platforms and scarcity of connected infrastructure restrain the growth to some extent. Nevertheless, future potential of 5G and Artificial Intelligence (AI), surge in developments in semi-autonomous and autonomous vehicles, and data monetization in extended automotive ecosystem are expected to create lucrative opportunities in the industry.

COVID-19 Scenario-

  • The outbreak of Covid-19 led to a sharp decline in demand and investment for automobiles. There’s also been a huge change in the consumer behavior that has impacted the market negatively.
  • Nonetheless, with more and more government bodies coming up with ameliorated regulations and dictums, the market is projected to get back to its stance soon.

Get detailed COVID-19 impact analysis on the Automotive Software Market Request Here!

The safety system segment to dominate by 2027-

Based on application, the safety system segment accounted for around one-third of the global automotive software market share in 2019 and is expected to rule the roost by the end of 2027. The infotainment and telematics segment, on the other hand, would manifest the fastest CAGR of 16.2% throughout the forecast period, due to technological advancements and increasing demand for smartphone features in vehicles.

The application software segment to maintain the dominant share-

Based on product, the application software segment contributed to nearly half of the global automotive software market revenue in 2019 and is anticipated to lead the trail by 2027, owing to the growing demand for smartphone-based infotainment system applications, real-time onboard diagnostic system and car maintenance. Simultaneously, the operating system segment would portray the fastest CAGR of 17.2% from 2020 to 2027. Growing trend of connected cars and autonomous vehicles technology propels the segment growth.

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Europe, followed by Asia-Pacific and North America, garnered the major share in 2019 –

Based on region, Europe, followed by Asia-Pacific and North America, garnered the major share in 2019, holding more than one-fourth of the global automotive software market. At the same time, Asia-Pacific would register the fastest CAGR of 16.6% till 2027. This is due to rapid development of intelligent transport systems and connected mobility in countries such as China and Japan.

Key players in the industry-

  • Airbiquity Inc.
  • Wind River Systems, Inc.
  • Atego Systems Inc. (PTC)
  • Blackberry Limited
  • Goggle
  • Microsoft Corporation
  • Green Hills Software
  • Adobe Inc.
  • Montavista Software
  • Autonet Mobile, Inc.

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UL Expands Frankfurt Laboratory to Advance Electric Vehicle Charging Safety

EV charging laboratory will address safety and performance testing and certification for EV charging equipment and automotive manufacturers.

NEU-ISENBURG, Germany, Nov. 17, 2020 /PRNewswire/ — UL, a leading global safety science company, officially announced today the expansion of its Frankfurt – Neu-Isenburg facility for testing and certification of new electric vehicle (EV) charging.

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EV charging laboratory will address safety and performance testing and certification for EV charging equipment and automotive manufacturers.

NEU-ISENBURG, Germany, Nov. 17, 2020 /PRNewswire/ — UL, a leading global safety science company, officially announced today the expansion of its Frankfurt – Neu-Isenburg facility for testing and certification of new electric vehicle (EV) charging.

Representing one of the most important EV charging testing footprints in Europe, the facility addresses the growing demand for DC fast charging electric vehicles and offers EV charging, charging infrastructure and vehicle manufacturers state-of-the-art technology and a comprehensive service solution, including certification for global market access, all under one roof. Combined, this will empower UL customers with shorter development cycles and a faster time-to-market with the ability to be more competitive in the global marketplace.

«UL is thrilled to be a part of Europe’s mobility and automotive innovation ecosystem,» said Jeff Smidt, vice president and general manager of UL’s Energy and Power Technologies division. «With continued growth in the global EV sector, demand for electric vehicle charging testing is increasing substantially to help improve battery and charging performance and safety. UL’s investment in the Frankfurt EV battery charging test facility demonstrates our commitment to global markets with new and developing standards. It also equips us to better support municipal utility infrastructure, European EV charging companies and automotive OEMs to fast-track their project fulfillment —allowing them ultimately to quickly meet this rising demand.»

The expansion adds capacity to the existing facility allowing UL to service a more diverse range of EV chargers and related equipment to customers across Europe looking for regional as well as global market access. This includes testing facilities addressing Level 1 and Level 2 AC charging – up to 12 kW – as well as Level 3 DC fast charging – up to 150 kW. AC charging, long the backbone of the EV charging market, is optimal in home and office locations for individual EVs only requiring short distance travel. Attributed to the advances in battery technology, and the widespread adoption of passenger and small commercial EVs, demand for DC fast charging equipment has grown exponentially to meet EVs designed for long distance travel, and to provide rapid multivehicle charging common in public settings.

Employing a team of world-class engineers with extensive technical expertise for new and innovative EV charging technologies, the Frankfurt facility will offer comprehensive services for testing, including EV simulators with full power capabilities, advisory and certification services. In addition, the facility provides the convenience and capability for design engineers and product developers in the local area to work with UL as a partner throughout every step of the testing and certification process – from sending prototypes to witnessing testing and addressing compliance issues before production.

As a leader in the creation of EV battery and charging standards in North America and internationally, UL is able to provide European OEMs with market access in that region. The EU market continues to put in place European EV and EV charging equipment demand drivers with the European Automobile Manufacturers Association (ACEA) announcing that at least 2.8 million public EV charging ports will be needed by 2030 across Europe. UL is also able to provide global marketing access services for International Electrotechnical Commission (IEC) EV charging testing work in Europe, Asia Pacific and other emerging markets.

«Many significant developments in electric vehicle charging are taking place with demands from end users and new technological solutions pushing the infrastructure to do more and do it faster than before. This evolution is leading to new and innovative thinking, especially for safety requirements,» Smidt said.  «With the Frankfurt test facility, UL is helping customers meet current and future market needs while helping them mitigate safety and performance risks throughout the entire product life cycle.»

About UL
UL helps create a better world by applying science to solve safety, security and sustainability challenges. We empower trust by enabling the safe adoption of innovative new products and technologies. Everyone at UL shares a passion to make the world a safer place. All of our work, from independent research and standards development, to testing and certification, to providing analytical and digital solutions, helps improve global well-being. Businesses, industries, governments, regulatory authorities and the public put their trust in us so they can make smarter decisions. To learn more, visit UL.com. To learn more about our nonprofit activities, visit UL.org. 

Press contact:
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UL
steven.brewster@ul.com
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Automotive Lightweight Material Market Size Worth $105.4 Billion By 2027: Grand View Research, Inc.

SAN FRANCISCO, Nov. 17, 2020 /PRNewswire/ — The global automotive lightweight material market size is expected to reach USD 105.4 billion by 2027, according to a new report by…

SAN FRANCISCO, Nov. 17, 2020 /PRNewswire/ — The global automotive lightweight material market size is expected to reach USD 105.4 billion by 2027, according to a new report by Grand View Research Inc., expanding at a CAGR of 5.9% from 2020 to 2027. A rise in demand for weight reduction in passenger cars and commercial vehicles to support fuel efficiency is expected to ascend the demand for lightweight materials over the forecast period.

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Key suggestions from the report:

  • The metallic automotive materials segment held the largest revenue share of 50.7% in 2019 on account of its wide utilization in vehicle manufacturing, such as passenger cars and light and heavy commercial vehicles
  • In 2019, the body in the white application segment dominated the market with a share of 25.1% and is likely to grow at a moderate rate in the expected period. Increasing demand for the lightweight frame in the vehicle is likely to support the segment growth
  • In North America, the composite automotive material segment was valued at USD 4.3 billion in 2019 on account of the wide acceptance of these materials in vehicle weight reduction
  • Europe accounted for the largest revenue share in 2019. The wide presence of automobile manufacturers in the region is expected to drive the regional market
  • The introduction of electric vehicles by Tesla, Inc., which include passenger cars, specialty trucks, and large size trucks, is anticipated to influence other vehicle manufacturers, thus positively impacting the demand for lightweight materials.

Read 170 page research report with ToC on «Automotive Lightweight Material Market Size, Share & Trends Analysis Report By Material (Metal, Composite), By Application (Body In White, Interior), By End User (Passenger Cars, HCVs), And Segment Forecasts, 2020 – 2027» at: https://www.grandviewresearch.com/industry-analysis/automotive-lightweight-material-market

These materials are widely available in different forms, like metal, composites, plastics, and elastomer, thus providing growth prospects for the market. Commercial availability of the above-stated materials in major regions across the globe, coupled with a wide presence of multinational vehicle manufacturers, is expected to support the market growth.

A rise in demand for passenger vehicles with enhanced fuel economy and stability on roads has increased the demand for lightweight materials. The introduction of electric vehicles in the passenger car and commercial vehicle segments is likely to offer growth opportunities for the market. Moreover, the growing demand for increasing the performance of the premium car segment is anticipated to support the demand for automotive lightweight materials.

In 2019, Europe emerged as the largest consumer of lightweight materials with the presence of a pool of players and car manufacturers in the region. Multinational players are engaged in the business of automotive lightweight materials on account of the wide scope in the upcoming electric vehicle segment.

Grand View Research has segmented the global automotive lightweight material market on the basis of material, application, end-user, and region:

  • Automotive Lightweight Materials Outlook (Volume, Million Tons; Revenue, USD Million, 2016 – 2027)
    • Metal
    • Composite
    • Plastics
    • Elastomer
  • Automotive Lightweight Materials Application Outlook (Volume, Million Tons; Revenue, USD Million, 2016 – 2027)
    • Body in White
      • Passenger Compartment Frame
      • Cross & Side Beams
      • Roof Structure
      • Front-end Structure
      • Underbody Floor
      • Panels
    • Chassis and Suspension
      • Chassis
      • Suspension
      • Tires
      • Wheels
      • Steering
      • Brakes
    • Powertrain
      • Engine
      • Transmission
      • Exhaust Systems
      • Fuel Tank
    • Closure
      • Front & Rear Doors
      • Hood
      • Lift Gate
    • Interior
      • Seats
      • Instrument Panel
      • Insulation
      • Trim
      • Airbags
    • Others
      • Electrical
      • Lighting
      • Thermal
      • Windows
      • Glazing
  • Automotive Lightweight Materials End-user Outlook (Volume, Million Tons; Revenue, USD Million, 2016 – 2027)
    • Passenger Cars
    • LCVs
    • HCVs
  • Automotive Lightweight Materials Regional Outlook (Volume, Million Tons; Revenue, USD Million, 2016 – 2027)
    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • The U.K.
      • France
      • Italy
      • Spain
      • Russia
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Central & South America
      • Brazil
      • Argentina
    • Middle East & Africa (MEA)

List of Key Players of Automotive Lightweight Material Market

  • BASF SE
  • Toray Industries, Inc.
  • LyondellBasell
  • Novelis Inc.
  • ArcelorMittal
  • Alcoa Corporation
  • Owens Corning
  • Stratasys Ltd.
  • Tata Steel
  • POSCO.

Find more research reports on Advanced Interior Materials Industry, by Grand View Research:

  • Aluminum Composite Panels Market – The global Aluminum Composite Panels market size was valued at USD 5.34 billion in 2018 and is expected to exhibit a CAGR of 6.4% from 2018 to 2025. Increasing the application scope of lightweight aluminum composite panels in the construction industry for insulation is projected to drive the market over the forecast period.
  • Ceiling Tiles Market – The global ceiling tiles market size was estimated at USD 5.31 billion in 2018 and is expected to register a CAGR of 9.3% over the forecast period. The market is anticipated to be driven by growing commercial construction activities across the globe.
  • Pre-Engineered Building Market – The global pre-engineered building market size was anticipated at USD 9.73 billion in 2017. It is estimated to register a CAGR of 15.5% over the forecast period.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Second-Life Automotive Lithium-Ion Battery Market to Grow with Massive CAGR Through 2030: P&S Intelligence

NEW YORK, Nov. 17, 2020 /PRNewswire/ — Owing to the scarceness of their components, the recycling of automotive lithium-ion batteries is being stressed upon, but the recycling process is itself expensive. For instance, lithium obtained through mining is five-times less expensive than extracting it via battery recycling. This factor is expected to drive the global <a target="_blank"…

NEW YORK, Nov. 17, 2020 /PRNewswire/ — Owing to the scarceness of their components, the recycling of automotive lithium-ion batteries is being stressed upon, but the recycling process is itself expensive. For instance, lithium obtained through mining is five-times less expensive than extracting it via battery recycling. This factor is expected to drive the global second-life automotive lithium-ion battery market at a massive 23.1% CAGR during 2020–2030. At this rate, the industry size will increase from $430.0 million in 2019 to $7,392.0 million by 2030, according to P&S Intelligence.

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The awareness about using depleted automotive lithium-ion batteries is rising, so that not only can the operational costs, on having those recycled saved, but the mining of scarce materials can also be limited. In addition, the increasing demand for used batteries for energy storage purposes is helping the second-life automotive lithium-ion battery market grow. Depleted vehicle batteries may retain up to 80% of their efficiency, which is why they are being used for storing energy in the industrial, renewable energy, and telecom sectors.

The coronavirus pandemic is harming the second-life automotive lithium-ion battery market, as the restrictions on manufacturing and trade activities have led to the low supply of these products. Moreover, as automotive sales have reduced, there are fewer depleted batteries to spare, which is hindering their adoption for secondary purposes. Though the industry is witnessing recession presently, it is expected to recover in the coming time.

Browse detailed report on Second-Life Automotive Lithium-Ion Battery Market Research Report: By Type (Lithium–Iron Phosphate, Lithium–Manganese Oxide, Lithium–Nickel–Manganese–Cobalt Oxide, Lithium–Titanate Oxide, Lithium–Nickel–Cobalt–Aluminum Oxide), Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle), Application (Energy Storage, Electric Vehicle Charging, Base Station, Low-Speed EV) – Global Industry Analysis and Growth Forecast to 2030: https://www.psmarketresearch.com/market-analysis/second-life-automotive-lithium-ion-battery-market

Presently, the largest contribution to the second-life automotive lithium-ion battery market is made by Asia-Pacific (APAC). China registers the most EV sales, owing to the strong government support, which creates a large stock of partially depleted vehicle batteries. Further, the country aims to convert at least 50% of its total automobile fleet to EVs by 2025.

Europe is projected to witness the fastest advance in the second-life automotive lithium-ion battery market in the years to come. Along with the increasing sale of EVs, the region is also seeing the execution of a strategic action plan for a sustainable battery value chain. Under this, raw material extraction, battery materialsourcing and processing, and cell and battery system production, reuse, and recycling are being focused upon. Furthermore, with the increasing EV production, battery manufacturing is picking up pace in the region.

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Working Together Is Most-Effective Growth Strategy for Players

Players in the second-life automotive lithium-ion battery market are entering into collaborations and partnerships to:

  • Produce cost-effective lithium-ion batteries
  • Gain access to knowledge, data, and innovative technologies
  • Enhance their presence across countries
  • Secure stable customers for their batteries
  • Make batteries last several times longer

The key organizations in the global second-life automotive lithium-ion battery market are GS Yuasa Corporation, Samsung SDI Co. Ltd., Nissan MotorCo. Ltd., BMW AG, Toshiba Corp., LG Chem Ltd., China Aviation Lithium Battery Company Limited, Hitachi Chemical Company Limited, Panasonic Corp., and Tesla Inc.

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Automotive Lithium-Ion Battery Market

The APAC region was the largest automotive lithium-ion battery market in the historical period. The high share of APAC region is due to the heavy production and sales of electric vehicles in China. China alone accounted for around 80.0% share in the APAC automotive lithium-ion batteries market in value terms, in 2018.

https://www.psmarketresearch.com/market-analysis/automotive-lithium-ion-battery-market

Anode Material for Automotive Lithium-Ion Battery Market

Geographically, Asia-Pacific held the largest share in the anode material for automotive lithium-ion battery market in the historical period (2014–2019), and it is expected to remain the largest market in the forecast period.

https://www.psmarketresearch.com/market-analysis/anode-material-automotive-lithium-ion-battery-market

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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Renovo Lauded by Frost & Sullivan for Edge-centric Automotive Software Platform

Renovo’s comprehensive vehicle data & workload management platform enables automakers to learn from their ADAS fleets in realtime

SANTA CLARA, Calif., Nov. 16, 2020 /PRNewswire/ — Based on its recent analysis of the edge-centric automotive data management software market, Frost & Sullivan recognizes <a target="_blank"…

Renovo’s comprehensive vehicle data & workload management platform enables automakers to learn from their ADAS fleets in realtime

SANTA CLARA, Calif., Nov. 16, 2020 /PRNewswire/ — Based on its recent analysis of the edge-centric automotive data management software market, Frost & Sullivan recognizes Renovo.auto with the 2020 North American Enabling Technology Leadership Award. Renovo has created a remarkable, first-of-its-kind edge-centric advanced driver assistance system (ADAS) data management software platform that offers fast, reliable, and advanced automotive data solutions. By accelerating the development of vehicle data pipelines and real-time data filtering, Renovo is helping automakers improve feature-development, increase customer satisfaction and develop new revenue streams.

«Today’s car manufacturers have major software-centric challenges — self-driving, electrification, over-the-air updates — that require continuous iteration driven by a perpetual supply of real-world data, and yet no way exists to move these massive data sets from the vehicles to the cloud,» said Melek Ozturk, Industry Analyst. «Renovo’s platform leverages the vehicle’s built-in edge computing power to refine the raw data into compact and economical insights that can be moved efficiently on a real-time basis across an entire fleet of vehicles.»

Renovo offers clients two main advantages: reducing data costs, by decreasing their reliance on expensive cloud storage and compute; and time, by allowing them to collect data at the source and process it on the edge before sending only the most insightful data to the development teams. These teams can then build and deploy updates that improve vehicle safety, increase feature reliability, and enhance the overall customer experience. In addition to ADAS development teams, a company’s powertrain, reliability, manufacturing, warranty, sales, and marketing teams can use the real-world vehicle data in decision-making.

«At Renovo, we provide our automotive customers with solutions that refine and fully utilize the tremendous amount of data being produced by today’s connected vehicles,» said Robin Nijor, Chief Commercial Officer at Renovo. «We are humbled to receive Frost & Sullivan’s award that recognizes the hard work of our team. We want to thank our customers and industry partners who have helped us scale our award-winning platform over the past ten years.»

In just one example of how automakers have creatively used Renovo: Currently, many new vehicle designs integrate face recognition features based on specific algorithms and big data input from human features and facial geometry. The COVID-19 pandemic, however, has created a population of drivers wearing face masks, which affects the software’s ability to perform. Renovo can easily and quickly resolve this challenge to ensure its customers keep pace with and benefit from the changes happening in the real world. Furthermore, with ADAS and autonomous vehicle features becoming standard offerings, Renovo’s robust, secure software platform will help automotive customers remain agile and adjust to the learning curve.

«Renovo has forged strategic relationships to fortify its platform’s operation. Through its collaboration with Verizon, Renovo has created a strong support mechanism in new technology integration and in providing scalable access to network service for customers,» noted Ozturk. «With support from telecom, edge-computing, and storage ecosystem giants, Renovo is ensuring its customers gain low-latency computing and scalable operating capacity across the board, from a single car to a globally distributed fleet.»

Each year, Frost & Sullivan presents this award to a company that has developed a pioneering technology that not only enhances current products but also enables the development of new products and applications. The award recognizes the high market acceptance potential of the recipient’s technology.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

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Kristen Moore
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About Renovo Motors, Inc.

Renovo is an award-winning automotive software company and creator of the first commercially available data-management platform that enables automakers to continuously learn from their production vehicles. Renovo’s «Complete Loop» approach allows those automakers to delight their customers with vehicles that get smarter, become safer, increase in performance, and grow in reliability through every day of ownership. From ADAS and infotainment feature improvements to resolving critical safety and potential warranty issues, Renovo makes every mile a vehicle drives 10X more valuable as every mile is used to make the product, your organization, and its teams better. Learn more at www.renovo.auto

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Automotive DC-DC Converters Market worth $1,432 million by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, Nov. 16, 2020 /PRNewswire/ — According to the new market research report «Automotive DC-DC Converters Market by Vehicle Type (Commercial, Passenger), Propulsion Type (BEV, FCEV, PHEV), Product Type (Isolated, Non-Isolated), Input Voltage, Output Voltage, Output Power, Region – Global Forecast to 2025″, published by MarketsandMarkets™, the market size is projected to grow from an estimated USD 339 million in 2020 to USD…

CHICAGO, Nov. 16, 2020 /PRNewswire/ — According to the new market research report «Automotive DC-DC Converters Market by Vehicle Type (Commercial, Passenger), Propulsion Type (BEV, FCEV, PHEV), Product Type (Isolated, Non-Isolated), Input Voltage, Output Voltage, Output Power, Region – Global Forecast to 2025″, published by MarketsandMarkets™, the market size is projected to grow from an estimated USD 339 million in 2020 to USD 1,432 million by 2025, at a CAGR of 33.4% during the forecast period. Power supply systems and units have undergone significant advancements in terms of the development of multiple power output and the incorporation of wireless technology in them in the past few years to make these systems and units highly reliable, efficient, and compact. This has also led to the development of technologically advanced DC-DC converters to cater to the power supply requirements of various automotive vehicles such as battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell electric vehicles, among others. The growing adoption of energy-efficient electric vehicles to curb GHG emissions from the automotive industry; and the increasing demand for safety and connectivity features in passenger vehicles are driving the demand for DC-DC converters across the automotive industry.

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«Based on vehicle type, a passenger vehicle is expected to account the largest share in the automotive DC-DC converters market in 2020»

By vehicle type, the automotive DC-DC converters market has been segmented into a commercial vehicle and passenger vehicle. The passenger vehicle segment is estimated to account for the largest share during the forecast period. The passenger vehicle consists of electric vehicles, namely SUV, MUV, sedan, and hatchback. The increasing demand for zero-emission vehicles is expected to provide growth opportunities for electrification in passenger vehicles and, in turn, drive the demand for DC-DC converters. The rise in the electrification and technological advancements in power electronics to cater to the demand for infotainment systems, lighting systems, audio systems, active chassis systems, regenerative braking, and start-stop systems is contributing to the growth of the DC-DC converters market for use in passenger vehicles of the automotive sector.

«Based on the propulsion type, the battery electric vehicle segment is projected to lead the automotive DC-DC converters market during the forecast period.»

By propulsion type, the automotive DC-DC converters market is segmented into battery electric vehicle (BEV), fuel cell electric vehicle (FCEV), plug-in hybrid electric vehicle (PHEV). Battery electric vehicle (BEV) is projected to lead the automotive DC-DC converters market during the forecast period. This growth can be attributed to the rise in demand for electrification in the automobile sector. Moreover, increasing environmental awareness, government subsidies, and tax exemptions are expected to lead to a surge in demand for DC-DC converters in this segment. The demand for battery electric vehicles has grown rapidly due to the advantages they offer: high efficiency and low pollution. These vehicles are preferred globally as they are zero-emission.

«Based on input voltage, the 40-70V segment is projected to lead the automotive DC-DC converters market during the forecast period»

Based on input voltage, the automotive DC-DC converters market is segmented into <40V, 40-70V, and >70V. The 40-70V segment is projected to lead the automotive DC-DC converters market during the forecast period. These converters are insulated, short-circuit proof, and protected against overload, overvoltage, and high temperatures. The wide input range of 40 to 70V converters makes them suitable for various automotive electronics applications that must withstand both, load dump and cold crank conditions.

«Based on product type, the isolated segment of the automotive DC-DC converters market is projected to grow at the highest CAGR during the forecast period»

Based on product type, the automotive DC-DC converters market is segmented into isolated and non-isolated. The isolated segment is projected to grow at the highest CAGR during the forecast period. Due to the increasing demand for safe and efficient renewable energy systems, isolated DC-DC converters are widely used in this field as essential power conversion blocks. The isolated DC-DC converters market is majorly driven by key propulsion systems of electric and hybrid vehicles, as these require high-frequency transformers that provide a barrier to high-frequency voltage.

Browse in-depth TOC on «Automotive DC-DC Converters Market«

112 – Tables
59 – Figures
238 – Pages

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«Europe is projected to grow at the highest CAGR during the forecast period»

Europe is projected to grow at the highest CAGR during the forecast period. The UK, France, Germany, Norway, Sweden, the Netherlands, and Switzerland are the key countries in the automotive DC-DC converters market. The European market is estimated to exhibit growth in the coming years, resulting from an increase in demand for electric vehicles. It is home to major automobile manufacturers such as Volkswagen AG, BMW AG, and Daimler AG. To promote electric vehicles in this region, many strategies such as tax exemption and special discounts are being implemented by local governments. In addition to government support, OEMs and Tier 1 players are implementing different electric components like start-stop, electric pumps, ISG, and others. In Europe, almost all vehicles are equipped with EPS and start-stop systems. The rise in electrification of these components contributes to significant demand for electrical and electronic components, including DC-DC converters.

Major players operating in the automotive DC-DC converters market include BorgWarner Inc.  (US), Denso Corporation (Japan), Valeo (France), Vicor Corporation (US), TDK-Lambda Corporation (Japan), Delta Electronics (Taiwan), Continental AG (Germany), Toyota Industries Corporation (Japan), Hyundai Mobis (South Korea), and Robert Bosch GmbH (Germany), among others. These key players offer various products and services in order to cater the increasing demand of electrification of vehicles in automotive industry.

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DC-DC Converter Market for Space by Application (Surveillance, Communication, Navigation, Scientific Research, Remote Sensing), Output Voltage (<3.3, 5, 12, 15 VDC), Output Power (<20, 20-40, 40-100, >100 W), and Geography – Global Forecast to 2020

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Automotive Software Market Revenue Worth $78,894.2 Mn by 2030: P&S Intelligence

NEW YORK, Nov. 16, 2020 /PRNewswire/ — With advancements in technology, the demand or connected cars is rising. As a result, the global automotive software market revenue is projected to grow from $28,214.6 million in 2019 to $78,894.2 million by 2030, at a…

NEW YORK, Nov. 16, 2020 /PRNewswire/ — With advancements in technology, the demand or connected cars is rising. As a result, the global automotive software market revenue is projected to grow from $28,214.6 million in 2019 to $78,894.2 million by 2030, at a 12.4% CAGR between 2020 and 2030.  This is because connected cars are equally dependent on software as on the mechanical components. In essence, it is the increasing number of fatal accidents which is leading to the rising demand for connected cars, according to the market research study published by P&S Intelligence.

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The major functionalities in such vehicles, such as automatic braking, advanced driver-assistance systems (ADAS), and lane assist, prevent the violation of traffic rules, which makes the roads safer for pedestrians and the vehicle for the driver and passengers. Similarly, the automotive software market is also being benefitted by the adoption of internet of things (IoT) features, such as connectivity solutions and infotainment solutions.

Get the sample copy of this report at @ https://www.psmarketresearch.com/market-analysis/automotive-software-market/report-sample

The automotive software market is being negatively impacted by the corona virus pandemic, which has put a serious dent in the production and sale of automobiles. Due to the implementation of lockdown measures in China, India, the U.S., and other major automobile-producing countries, automakers have had to shut down their operations. However, the interest in ADAS features and electric vehicles is still high, which is why this industry is not expected to witness as sharp a decline as the broader automotive industry.

During 2014–2019, the development category, under segmentation by function, dominated the automotive software market, due to the rapid development of all-inclusive software, to offer advanced functionalities in automobiles. Software manages numerous systems in a vehicle, such as high-tech drive trains and infotainment systems.

Browse detailed report on Automotive Software Market Research Report: By Software (ADAS and Autonomous Driving , Infotainment, Connectivity, Security, and Connected Services, Powertrain and Chassis, Body and Energy, Operating System and Middleware), Function (Development, Validation and Verification, Integration), Vehicle Type (Passenger Car, Commercial Vehicle) – Global Industry Analysis and Growth Forecast to 2030: https://www.psmarketresearch.com/market-analysis/automotive-software-market

The commercial vehicle bifurcation, on the basis of vehicle type, is predicted to witness faster growth in the automotive software market in the near future, at a CAGR of 13.9%. This would be because of the rising demand for advanced software in commercial vehicles, as they are being swiftly integrated with IoT and telematics solutions.

Historically, Asia-Pacific (APAC) has been the largest automotive software market, and the situation is projected to be unchanged in the future. This is because APAC is the largest automotive producer and buyer, which automatically leads to the highest worldwide demand for automotive software here. Additionally, owing to environmental concerns, the sale of electric vehicles is rising fast here, and as software is a vital component of these automobiles, the integration rate of automotive software will remain the highest in this region.

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The major companies in the global automotive software market are Robert Bosch GmbH, NXP Semiconductors N.V., Renesas Electronics Corp., Airbiquity Inc., Microsoft Corp., BlackBerry Ltd., Continental AG, NVIDIA Corp., Alphabet Inc., and Green Hills Software LLC.

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Automotive Telematics Market

In 2019, North America and Europe held the cumulative share of over 65%, in terms of value, in the automotive telematics market. Globally, North America generated the highest revenue in the market in 2019. This is majorly due to the high adoption of in-vehicle connected technology in the region.

https://www.psmarketresearch.com/market-analysis/global-telematics-market

Automotive Cybersecurity Market

In the automotive cybersecurity market, the Asia-Pacific region is expected to progress at the fastest pace during the forecast period, as the region is home to largest market for automobiles.

https://www.psmarketresearch.com/market-analysis/automotive-cybersecurity-market

About P&S Intelligence

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact: 
Prajneesh Kumar
P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com

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