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Escalating Automobile Sales Unlocking Novel Growth Prospects, Asia Pacific to be Crowned as Prominent Growth Generating Region for Global Viscosity Index Improvers Market for Automotive across Assessment Period of 2019-2027: TMR

– Viscosity index improvers are mainly used for controlling the frequent changes in temperature across a range of vehicles, thus laying a red carpet of growth for the viscosity index improvers market for automotive

– The global viscosity index improvers market for automotive is extrapolated to expand at a CAGR of ~4 percent between 2019 and 2027

ALBANY, N.Y., Sept. 15, 2020 /PRNewswire/ — Transparency Market Research, New York:…

– Viscosity index improvers are mainly used for controlling the frequent changes in temperature across a range of vehicles, thus laying a red carpet of growth for the viscosity index improvers market for automotive

– The global viscosity index improvers market for automotive is extrapolated to expand at a CAGR of ~4 percent between 2019 and 2027

ALBANY, N.Y., Sept. 15, 2020 /PRNewswire/ — Transparency Market Research, New York: Automobile sales are increasing around the world, though a long lull was observed during the COVID-19 lockdown implementations by governments of various countries. As the lockdown is being relaxed in numerous parts of the globe, the automobile sales are surging as individuals now prefer traveling in their personal vehicles rather than public transport to avoid virus contraction. Therefore, this aspect may invite prominent growth prospects for the viscosity index improvers market for automotive.

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The analysts at Transparency Market Research (TMR) prognosticate the global viscosity index improvers market for automotive to record a CAGR of ~4 percent through the forecast period of 2019-2027. The global viscosity index improvers market for automotive was valued at ~US$ 2.3 bn in 2018 and may reach a value of US$ 3.3 bn by the end of 2027.

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As the sales of vehicles increase, the demand for lubricants also increases. The properties of lubricants such as the reduction in friction between two surfaces and the prevention of wear and tear are important factors leading to the growth of the lubricants. Viscosity index improvers are used in lubricants for reducing viscosity change with temperature and also to ramp up the operating efficiency. Therefore, these factors bring tremendous growth prospects for the viscosity index improvers market for automotive.

Viscosity Index Improvers Market for Automotive: From Analysts’ Perspective

The TMR analysts appreciate the manufacturers for using novel initiatives and techniques to improve the revenue. One such instance is the development of oil additives that prevent the hardening of wax particles in motor oil in extremely cold regions. The manufacturers are also gathering field performance data to innovate novel combinations in copolymers.

The advent of electric vehicles has prompted the manufacturers in the viscosity index improvers market for automotive to focus on developing additives that cater to the EV segment according to the analysts. The players in the viscosity index improvers market for automotive are also increasing research and development activities in the context of electric vehicles (EVs).

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Viscosity Index Improvers Market for Automotive: Prominent Revelations

  • The engine oil segment held a massive share of the viscosity index improvers market for automotive in 2018 and is stated to maintain the same share between 2019 and 2027
  • The olefin copolymer segment held a major share of the viscosity index improvers market for automotive in 2018
  • Asia Pacific may invite considerable growth during the forecast period of 2019-2027

View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/73724

Viscosity Index Improvers Market for Automotive: Growth Opportunities

The properties of viscosity index improvers may prove to be a boon for the viscosity index improvers market for automotive through the forecast period of 2019-2027.

  • Rising disposable income across various countries is leading to an increase in automobile sales, thus bringing exponential growth opportunities for the viscosity index improvers market for automotive
  • The characteristics of the viscosity index improvers market for automotive to maintain the viscosity of lubricants at any temperature level may invite great growth opportunities
  • The increasing popularity of electric vehicles may also bring substantial growth

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Viscosity Index Improvers Market for Automotive: Competitive Landscape

Varied multinational players help in increasing the growth rate of the viscosity index improvers market for automotive. Escalating investments are also bringing tremendous growth prospects for the viscosity index improvers market for automotive.

Furthermore, activities like mergers, collaborations, partnerships, and joint ventures are adding extra stars of growth. Some well-entrenched players in the viscosity index improvers market for automotive are BASF Corporation, Afton Chemical Corporation, ARLANXEO, and Evonik Industries.

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Global Viscosity Index Improvers Market for Automotive: Segmentation

By Type

  • Polymethacrylate
  • Olefin Copolymers
  • Polyisobutylene
  • Others (including Styrene Isoprene Copolymers, Styrene-Butadiene Copolymers, and Hydrogenated Star Polyisoprene)

By Application

  • Engine Oil (Passenger Car Motor Oil (PCMO) and Commercial Vehicle Motor Oil (CVMO)
  • Gear Oil (Automatic Transmission (AMT), Manual Transmission (MT), and Axel Oil)

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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Explore Transparency Market Research’s award-winning coverage of the global Chemicals and Materials Industry,

Naphthenic Base Oil Market – The global naphthenic base oil market depicts a highly consolidated competitive landscape. A handful of large-scale vendors hold majority of the shares in this market, thus forming a great developmental divide between themselves and other small-scale players. Most manufacturers are pouring large amounts of money to carry out extensive research and development mainly for improving their products. Expanding product portfolios and forming partnerships with other firms are two most prominent strategies utilized by most players operating in the global naphthenic base oil market to strengthen their presence. Calumet Specialty Products Partners L.P., Ergon LLC, Royal Dutch Shell Plc., Nynas AB, and Chevron Corporation are the chief businesses operating in this market.

Lubricant Additives Market – The global lubricant additive market is projected to grow at a CAGR of nearly 2% between 2019 and 2027. Technological advancement and changing government regulations for emissions is likely to impact the growth for lubricant additives market. Lubricant additives are a combination of various chemicals that are mixed with the base oil to enhance the performance of lubricants. Apart from extending the life of lubricants, they perform functions such as preventing engine wear, reducing friction, stabilizing oxidation, and cleaning engines. Global lubricant additives market to greatly benefit from the dynamic automotive sector. As manufacturers work towards meeting various emission standards, their demand for lubricants additives is expected to rise during the forecast period.

Viscosity Reducing Agents Market – Viscosity reducing agents have attracted groundswell of interest among industry players committed to produce and delivery crude oil cost-effectively. Worldwide, the application areas in the viscosity reducing agents market have been evolving at rapid pace due to the production of new oil and gas resources. In recent years, need the use of viscosity reducing agents for extracting heavy and extra-heavy oil resources has gathered steam in various developing and developed regions of the world. Viscosity reducing agents play crucial role in exploiting, transporting, and refining processes in crude oil production and application.

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About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Connected Car Market Worth $ 215.23 Billion, Globally, by 2027 at 14.56% CAGR: Verified Market Research

Increasing demand from the consumer for connectivity solutions, dependency on technology, & an upsurge in the tech-savvy population are the key drivers of global connected car market growth

Jersey City, N.J., Sept. 15, 2020 /PRNewswire/ — Verified Market Research recently published a report, «Connected Car Market by Service (Connected Services, Safety & Security,…

Increasing demand from the consumer for connectivity solutions, dependency on technology, & an upsurge in the tech-savvy population are the key drivers of global connected car market growth

Jersey City, N.J., Sept. 15, 2020 /PRNewswire/ — Verified Market Research recently published a report, «Connected Car Market by Service (Connected Services, Safety & Security, Autonomous Driving), by Form (Embedded, Tethered, Integrated) , by Network (Dedicated Short Range Communication (DSRC), Cellular), Geography». According to Verified Market Research, the Global Connected Car Market was valued at USD 72.68 Billion in 2019 and is projected to reach USD 215.23 Billion by 2027, growing at a CAGR of 14.56 % from 2020 to 2027.

Connected Car Market Analysis & Forecast, 2020-2027

This report provides detailed analysis of the growth trends among each of the segments as well as accurate forecasts in terms of the value and volume.

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Browse in-depth TOC on «Connected Car Market«

202 – Pages

126 – Tables

37 – Figures

Global Connected Car Market Overview

Governments in various countries are focusing on mandating various advanced driver-assistance systems (ADAS) and safety features. Thus, the increase in ADAS features in cars is driving the connected car market as it ensures enhanced levels of safety. The rising demand for connectivity solutions, an increase in dependency on technology, and an upsurge in the tech-savvy population are the other key factors that contributing toward the growth of the connected car market. Moreover, technological advancements, an increase in the production of vehicles, and an increase in demand for luxury & comfort in vehicles are expected to support the growth of the market. Nowadays, automakers are following new vehicle safety norms to encourage the safety of the vehicle and to make them more secure from hacking and malfunctioning. This, in turn, is also likely to foster the demand for connected car systems.

The following trends are reinforcing the shift towards a fully developed connected car industry. New technological innovation in the field of the network is accelerating at a fast rate. High-speed computers help make the car aware of surroundings, which can transform maneuvering a self-driving vehicle into an increasing reality. The Internet of Things (IoT) provides mobile services in the car with high-speed internet. This feature provides real-time traffic control, interaction with the car manufacturer service for remote diagnostics, and enhanced company logistics automation. Furthermore, the increase in demand for lightweight suspension systems and the development of technically advanced suspension systems are expected to provide a favorable opportunity for the growth of the market.

The major players in his market are Bosch, Continental AG, Delphi Technologies PLC, DENSO Corporation, Harman International Industries, Inc., Infineon Technologies AG, NXP Semiconductors N.V., Toyota Motor Corporation, Valeo, and ZF Friedrichshafen AG.

Verified Market Research has segmented the Global Connected Car Market on the basis of Service, Form, Network, and Geography.

  • Connected Car Market by Service
    • Connected Services
    • Safety & Security
    • Autonomous Driving
  • Connected Car Market by Form
    • Embedded
    • Tethered
    • Integrated
  • Connected Car Market by Network
    • Dedicated Short Range Communication (DSRC)
    • Cellular
  • Connected Car Market by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

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Our 250 Analysts and SME’s offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

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Traction Motor Market Worth $30.06 Bn, Globally, by 2027 at 13.7% CAGR: Allied Market Research

– Inclusion of traction motors in railway engines, lesser emissions, and minimal costs related to manufacturing and maintenance drive the growth of the global traction motor market.

PORTLAND, Ore., Sept. 15, 2020 /PRNewswire/ — Allied Market Research published a report titled, «Traction Motor Market by Application (Railways, Electric Vehicle and Industrial…

– Inclusion of traction motors in railway engines, lesser emissions, and minimal costs related to manufacturing and maintenance drive the growth of the global traction motor market.

PORTLAND, Ore., Sept. 15, 2020 /PRNewswire/ — Allied Market Research published a report titled, «Traction Motor Market by Application (Railways, Electric Vehicle and Industrial Vehicles), Type (DC Traction Motor, AC Traction Motor and Synchronous Motor) and Power Rating (Less than 200 kW, 200-400 kW and More than 400 kW): Global Opportunity Analysis and Industry Forecast, 2020–2027.»According to the report, the global traction motor industry was estimated at $10.78 billion in 2019, and is expected to hit $30.06 billion by 2027, registering a CAGR of 13.7% from 2020 to 2027.

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Drivers, restraints, and opportunities-

Incorporation of traction motors in railway engines, lower emission rate, and low manufacturing and maintenance cost drive the growth of the global traction motor market. On the other hand, rise in price of materials used for production and high investment cost curb the growth to some extent. However, increase in research and development activities is expected to create multiple opportunities in the near future.

Download Report Sample (229 Pages Research) at https://www.alliedmarketresearch.com/request-sample/7000

COVID-19 Impact-

  • COVID-19 has impacted the global traction motor market badly. Lockdown across the world has affected the manufacturing of heavy motors including industrial machineries and locomotives.
  • Nevertheless, government bodies in several countries have started coming up with a number of relaxations on the current code of practice and with this drift on board, the market is anticipated to retrieve its position very soon.

The AC traction motor segment to dominate during the estimated period-

Based on type, the AC traction motor segment accounted for nearly half of the global traction motor market share in 2019, and is expected to rule the roost by the end of 2027. The same segment would also grow at the fastest CAGR of 14.0% throughout the forecast period. This is because AC traction motors offer variable operating frequencies and convert the alternator output into direct current.

Get detailed COVID-19 Impact Analysis on the Traction Motor Market Request Here!

The less than 200kW segment to maintain the lion’s share by 2027-

Based on power rating, the less than 200kW segment contributed to more than two-fifths of the global traction motor market revenue in 2019, and is anticipated to lead the trail till 2027, owing to its huge application in electric and light rail vehicles. The 200-400kW segment, on the other hand, would register the fastest CAGR of 14.2% during the study period. This is attributed to their high performance capability in all given conditions.

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

Based on geography, Asia-Pacific, followed by Europe and North America, generated the major share in 2019, holding more than one-third of the global traction motor market, owing to wider application of traction motors in different vehicles running across the province. At the same time, LAMEA is projected to manifest the fastest CAGR of 15.4% from 2020 to 2027. This is due to development of railway network and transportation industry in the regions across Latin America and Africa.

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 Frontrunners in the industry-

  • American Traction Systems
  • Toshiba and Wabtec
  • Mitsubishi
  • Hitachi
  • ABB
  • Hyundai Rotem
  • CRRC
  • Siemens
  • Skoda

Similar Reports We Have:

Railway Traction Motor Market: The key players profiled in the railway traction motor market report are ABB Group, Saini Group, Sulzer Ltd., ALSTOM, Bombardier, BHEL, Hyundai Rotem Company, Mitsubishi Electric Corporation, Siemens, and VEM Group. The report presents the key strategies adopted by these players, and includes a detailed analysis of the current trends, upcoming opportunities, and restraints of the global railway traction motor market.

Traction Control System Market: Competitive analysis and profiles of the major traction control system industry includes players such as, Robert Bosch GmbH (Germany), Continental AG (Germany), Autoliv, Inc. (Sweden), Nissin Kogyo Co. Ltd. (Japan), WABCO (Belgium), ZF TRW (U.S.), Hyundai Mobis (South Korea), Denso Corporation (Japan), Hitachi Automotive Systems, Ltd. (U.S.), and ADVICS Co., Ltd (Japan) are provided in this report.

Hub Motor Market: The key players including Schaeffler technologies AG & CO. KG, Robert Bosch GmbH, Hyundai Mobis, Siemens AG, QS Motor, Elaphe Propulsion Technologies Ltd., NTN Corporation, TDCM, MAC Shanghai Electric Motor Company Ltd, Accell Group, and others hold the major hub motor market share.

Electric Vehicle Market: Key players operating in the EV market include Tesla, BMW Group, Nissan Motor Corporation, Toyota Motor Corporation, Volkswagen AG, General Motors, Daimler AG, Energica Motor Company S.p.A, BYD Company Motors, and Ford Motor Company account for a major electric vehicle market share.

Industrial Vehicle Market: Prominent players profiled in the industrial vehicle market report include Anhui Heli Co., Ltd, Crown Equipment Corporation, Hangcha Group Co. Ltd. Hyster-Yale Materials Handling, Inc., Jungheinrich AG, Kion Group AG, Konecranes, Mitsubishi Nichiyu Forklift Co., Ltd., and Toyota Industries Corporation.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of «Market Research Reports» and «Business Intelligence Solutions.» AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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Polyplastics Introduces New DURANEX(R) PBT Grade with Improved Hydrolysis Resistance and Heat Shock Performance

TOKYO, Sept. 15, 2020 /PRNewswire/ — The Polyplastics Group has launched a new grade of DURANEX(R) polybutylene terephthalate(PBT) resin which delivers significant improvements in hydrolysis resistance and heat shock resistance for a range of applications. DURANEX(R) 201HR is a new offering which ensures long-term reliability of parts and expands the penetration of DURANEX(R) PBT in the automotive markets.

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TOKYO, Sept. 15, 2020 /PRNewswire/ — The Polyplastics Group has launched a new grade of DURANEX(R) polybutylene terephthalate(PBT) resin which delivers significant improvements in hydrolysis resistance and heat shock resistance for a range of applications. DURANEX(R) 201HR is a new offering which ensures long-term reliability of parts and expands the penetration of DURANEX(R) PBT in the automotive markets.

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DURANEX(R) 201HR is an unfilled material that drastically improves hydrolysis resistance, which is an issue in the molecular structure of resins, while also maintaining the excellent mechanical and molding properties of conventional PBT resins. Ideal for use in high-humidity environments, DURANEX(R) 201HR can extend the usage life of a broad range of products. It is particularly well-suited for automotive connectors in harsh operating environments.

DURANEX(R) 201HR complements Polyplastics’ DURANEX(R) LT Series which also significantly improves heat shock resistance by enhancing toughness of resin as well as relaxing strain due to heat shock cycle testing. Its performance even surpasses that of polyphenylene sulfide(PPS) resin, known to be one of the top resins in terms of heat shock resistance.

The DURANEX(R) LT Series facilitates insert molding and also has highly superior hydrolysis resistance, unlocking the potential for high performance and longer usage life in a range of products. These grades can also be used in a wide range of parts for which conventional PBT resin was not an option. The DURANEX(R) LT Series of materials is well-suited for use in parts for power modules, DC/DC converters, motor insulators, and EPS systems, which are subjected to harsh usage environments.

DURANEX(R) LT530HR is a 30% glass-filled resin while LT530FR is a 30% glass-filled grade which provides flame retardance.

Please visit: https://www.polyplastics.com/en/product/lines/pbt_long-term/index.html

About Polyplastics

Polyplastics Co., Ltd. is a global leader in the development and production of engineering thermoplastics. Its product portfolio includes POM, PBT, PPS, LCP, GF-PET and COC. The company has the largest global market share of POM and LCP. With more than 50 years of experience, the company is backed by a strong global network of R&D, production, and sales resources capable of creating advanced solutions for an ever-changing global marketplace.

DURANEX(R) is a registered trademark of Polyplastics Co., Ltd. in Japan and other countries.

Kia takes home four prizes at the annual Russian Car of the Year awards

  • COTY Russia is the most prestigious awards ceremony in the Russian market
  • Kia Picanto named ‘Best City Car’ for the fifth consecutive year
  • 3rd generation Kia Ceed tops ‘Small middle class’ category
  • All-new Kia Seltos wins in the ‘Compact SUV’ category
  • Kia Stinger takes home honors in the prestigious ‘Grand Tourer’ class

MOSCOW and SEOUL, South Korea, Sept. 15, 2020 /PRNewswire/ — Kia Motors has won a…

  • COTY Russia is the most prestigious awards ceremony in the Russian market
  • Kia Picanto named ‘Best City Car’ for the fifth consecutive year
  • 3rd generation Kia Ceed tops ‘Small middle class’ category
  • All-new Kia Seltos wins in the ‘Compact SUV’ category
  • Kia Stinger takes home honors in the prestigious ‘Grand Tourer’ class

MOSCOW and SEOUL, South Korea, Sept. 15, 2020 /PRNewswire/ — Kia Motors has won a staggering four prizes at the annual Car of the Year Russia awards, with accolades for the Kia Picanto, Ceed, Seltos and Stinger.

Kia takes home four prizes at the annual Russian Car of the Year awards

The Car of the Year Russia awards is the most prestigious automotive award ceremony in the Russian automotive calendar. Held every year since it was established in 2000, the awards consider every car on sale in the Russian market, this year totaling over 300 models. The cars are judged by the Russian people in an online vote over a number of months, with more than one and a half million votes counted this year.

Kia’s compact city car, the Picanto set a new record for the company, taking honors in the ‘Best City Car’ category for the fifth consecutive year. The Kia Ceed built on its victory last year, branching out from ‘New Product of the Year’, to triumph in the ‘Small middle class’ category. The Kia Seltos took home gold in the ‘Compact SUV’ category, while the brand’s first ever gran turismo model – the Stinger – was named best ‘Grand Tourer’.

«The Kia brand has grown in popularity in Russia for many years, and we are extremely proud to have won four awards in the annual Russian Car of the Year contest as a result,» said Ho-sung Song, President and CEO of Kia Motors Corporation. «For Kia globally, Russia is one of our most important markets. We have worked hard to be the number one import brand with a 13 percent market share in Russia, and aim to continue our growth in the market in years to come. These four awards are extremely gratifying not only for Kia Motors Russia, but for Kia Motors globally.»

Managing Director of Kia Motors Russia and CIS headquarters, Alexander Migal, commented on the results of the Award: «We strive to offer cars that exceed the needs of Russian customers, and our success in the Russian Car of the Year awards – decided by motorists – is the ultimate endorsement of Kia cars. Each model is unique, yet united by common attributes – they are modern, high-quality, well-equipped and visually appealing vehicles. We are grateful to everyone who voted for Kia.»

The Kia Picanto compact hatchback retains its position as class favorite thanks to its striking design, spacious interior, interesting character and high levels of standard equipment. This is the second consecutive generation of Picanto to win the hard-fought ‘City Car’ category.

Winner of the ‘Small middle class’ category, the Kia Ceed is one of the most technically advanced cars in its segment. The Ceed family now provides the most diverse offering in the C-segment in Russia. As well as the standard five-door hatchback, the range also includes the Ceed Sportswagon, ProCeed shooting brake and the XCeed urban crossover.

The Kia Seltos has, in just six months, become one of Kia’s top-3 best-selling models in Russia. Sales in August 2020 alone show that 1,783 Russian customers opted for the compact model as their car of choice. They also selected Seltos as the ‘Best Compact SUV’.

The Kia Stinger confidently entered the highly competitive gran turismo segment, where the most prestigious brands are already well represented.

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XCMG’s Product Evaluation Team Completes First Round of Product Review

XUZHOU, China, Sept. 14, 2020 /PRNewswire/ — Leading construction machinery manufacturer XCMG (SHE: 000425) has introduced a product evaluation team comprising 50 product evaluators to enhance products with customers’ feedback. This team has recently completed the first-round review of XCMG’s latest hoisting machinery in several locations across China.

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XUZHOU, China, Sept. 14, 2020 /PRNewswire/ — Leading construction machinery manufacturer XCMG (SHE: 000425) has introduced a product evaluation team comprising 50 product evaluators to enhance products with customers’ feedback. This team has recently completed the first-round review of XCMG’s latest hoisting machinery in several locations across China.

XCMG’s Product Evaluation Team Completes First Round of Product Review

The product evaluators possess extensive expertise in operating various construction machineries. With over 10 years of experience on average, they can offer their unique insights to enhance the products and services based on customers’ needs as well as offering professional advice for future buyers.

In August, 10 product evaluators with expertise in operating equipment for special and dangerous operations gathered in Fuzhou, Fujian Province to test XCMG’s new crane models QY25K5C_I and QY40KC_I. The new designs now feature longer booms and optimized structure that significantly improved safety, stability, reliability and overall performance. The review took place amid strong wind and the officers praised the boom stability.

«We hope our loyal customers can provide us with targeted and direct feedback. We seek to work with our partners who are constantly using our products and enhance the products from their perspective.» commented Sun Jianzhong, vice president of XCMG and General Manager of  XCMG Hoisting Machinery Business Division.

In 2020, XCMG is actively considering users’ feedback and becoming more customer-oriented when upgrading the classic hoisting machinery models, in line with exploring a more demand-driven business model as customers are becoming more professional.

Wang Min, chairman and CEO of XCMG, recently remarked at the 2020 China Chief Quality Official Conference on XCMG’s practice and results in terms of overall quality management, that «building leadership, quality culture, advanced quality management systems and continuous technology innovation are the pillars of our quality strategy.»

About XCMG

XCMG is a multinational heavy machinery manufacturing company with a history of 77 years. It currently ranks fourth in the world’s construction machinery industry. The company exports to more than 187 countries and regions around the world.

For more information, please visit: www.xcmg.com, or XCMG pages on Facebook, Twitter, YouTube, LinkedIn and Instagram.

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Head-Up Display (HUD) Market to Reach $19.11 Billion, Globally, by 2027 at 20.1% CAGR, Says Allied Market Research

PORTLAND, Ore., Sept. 14, 2020 /PRNewswire/ — Allied Market Research recently published a report, titled, «Head-up Display Market by Type (Windshield-based and Combiner-based), Technology (Conventional and AR-based), End User (Aerospace and Automotive), and Sales Channel (OEMs and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2027». As per the report, the global

PORTLAND, Ore., Sept. 14, 2020 /PRNewswire/ — Allied Market Research recently published a report, titled, «Head-up Display Market by Type (Windshield-based and Combiner-based), Technology (Conventional and AR-based), End User (Aerospace and Automotive), and Sales Channel (OEMs and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2027». As per the report, the global head-up display (HUD) industry was pegged at $6.07 billion in 2019, and is expected to reach $19.11 billion by 2027, growing at a 20.1% CAGR from 2020 to 2027.

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Drivers, restraints, and opportunities

Rise in demand for high-tech vehicles, higher penetration rate of head-up displays in the aerospace and defense sector, demand for safety features in automobiles, and challenging driving conditions drive the growth of the global head-up display market. However, its high cost hampers the market. On the contrary, advancements in AR technology and emergence of new applications are expected to create lucrative opportunities for the market players.

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COVID-19 scenario:

  • As the majority of countries are still in lockdown, the demand for HUD and other display technologies is decreased.
  • Most of the manufacturing companies are not working up to their full potential, which negatively impacts the market.
  • Most of the raw materials and raw materials for HUD are manufactured in China. However, the ban on import-export with China imposed by China have hampered the market.

The combiner-based segment dominated the market

By type, the combiner-based segment held the largest share in 2019, accounting for more than half of the global head-up display market, owing to higher penetration rate of head-up displays in the aerospace and defense sector. However, the windshield-based segment is expected to register the highest CAGR of 22.8% from 2020 to 2027, due to the development of augmented reality technology.

The aerospace segment to manifest the highest CAGR through 2027

By end user, the aerospace segment is expected to portray the highest CAGR of 24.2% during the forecast period, owing to increasing adoption of head-up displays by commercial and business aircraft. However, the automotive segment held the largest share in 2019, contributing to around three-fourths of the global head-up display market, enhanced safety features of premium vehicles.

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Europe, followed by North America, held the lion’s share

By region, the global head-up display market across Europe, followed by North America, held the lion’s share in 2019, accounting for nearly two-fifths of the market. Moreover, the region is expected to manifest the highest CAGR of 22.0% during the forecast period, owing to presence of a significant number of OEMs.

Major market players

  • BAE Systems
  • Continental AG
  • Denso Corporation
  • Elbit Systems Ltd.
  • Nippon Seiki Co., Ltd.
  • Panasonic Corporation
  • Rockwell Collins
  • STMicroelectronics
  • Texas Instruments Incorporated
  • Visteon Corporation

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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HiPhi X Launches First Programmable and Customizable Matrix Lighting System with PML and ISD Modules

SHANGHAI, Sept. 14, 2020 /PRNewswire/ — HiPhi, Human Horizons’ premium, smart, all-electric vehicle brand, is excited to announce that the HiPhi X will be equipped with the world’s first programmable and customizable matrix lighting system, comprising of dual-core lighting modules with Programmable Matrix Lighting (PML) and Intelligent Signal Display (ISD) panels. HiPhi X is designed for real-world applications with the capability to detect road environments and autonomously adjust accordingly.

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SHANGHAI, Sept. 14, 2020 /PRNewswire/ — HiPhi, Human Horizons’ premium, smart, all-electric vehicle brand, is excited to announce that the HiPhi X will be equipped with the world’s first programmable and customizable matrix lighting system, comprising of dual-core lighting modules with Programmable Matrix Lighting (PML) and Intelligent Signal Display (ISD) panels. HiPhi X is designed for real-world applications with the capability to detect road environments and autonomously adjust accordingly.

PML enables the projection of text, images, and video footage. The projections can be provided for various use cases including festival light shows, customizable user images, or movies.

PML is equipped with a built-in Electronic Control Unit (ECU) that contains a chipset which is able to directly control the lamp and its micro-mirrors. When the infrared camera detects a pedestrian or vehicle, the ECU will compute a solution within milliseconds based on its intelligent algorithms. The path and brightness of the light is changed by modifying the angle of the micro-mirrors, thereby allowing more or less adaptive lighting which ultimately provides for safer driving. HiPhi X is the first model in the industry to combine infrared night vision technology and smart headlamps in this way. The powerful night vision capability allows the PML to detect objects and people with more precision and allows the light to shine further. HiPhi X can simultaneously perform real-time detection on up to six entities including pedestrians and vehicles within 400 meters range at night.

HiPhi X utilizes a revolutionary liquid cooling system to efficiently remove excess heat. This ensures the car lights system continues to operate normally even with extreme external temperatures ranging from as low as -40 and high as 100 degrees Celsius.

The mechanism that controls the light and mirrors utilizes voltage instead of traditional hydraulic or mechanical method. This enables greater speed and accuracy and enhances service-life. PML also enables the projection of text, images, and video footage. The projections can be provided for various use cases including festival light shows, customizable user images, or movies.

With its unique Human Oriented Architecture (HOA), HiPhi X enables users to program their lights. They can customize them using the editing interface or mobile application. HOA is also able to accommodate over-the-air (OTA) updates.

PML enables the lights to adapt based on the speed of the vehicle; automatically switching between four driving lighting modes: standard low, urban high, standard high, and cluster high. It can also detect the driving conditions and adjust to six unique lighting features: vehicle tracking, trajectory prediction, lane departure warning, lane change alert.

HiPhi X utilizes a revolutionary liquid cooling system to efficiently remove excess heat. This ensures the vehicle lights system continues to operate normally even with extreme external temperatures ranging from as low as -40 and high as 100 degrees Celsius.

HiPhi X also deploys the world’s first mass-production ISD. The vehicle carries four LED Matrixes formed by 1712 LEDs; one on each corner. The ISD smart interactive light is designed with dynamic interactive graphics for seven primary driving situations: forward collision warning, rear collision warning, U-turn indicator, charging status monitor, vehicle lock reminder, remote control auto parking monitor, and pedestrian yield reminder.

HiPhi X will be launched this month at Auto China in Beijing, with production planned at the end of 2020, and delivery starting from 2021.

About HiPhi

HiPhi is a premium brand created by Human Horizons and enhanced by its users. HiPhi X is an EV product with a lightweight hybrid aluminum-steel construction and sustainable plant-based leathers and recyclable materials which are more sustainable.

About Human Horizons

Human Horizons is committed to innovative and leading intelligent mobility technologies as well as the industrialization of future-oriented smart vehicles. Furthermore, Human Horizons builds smart transportation technologies and contributes to the development of smart cities, which will further redefine human mobility.

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Used Car Market Size Worth $2,150.6 Billion By 2027 | CAGR: 5.5%: Grand View Research, Inc.

SAN FRANCISCO, Sept. 14, 2020 /PRNewswire/ — The global used car market size is expected to reach USD 2,150.6 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% over the…

SAN FRANCISCO, Sept. 14, 2020 /PRNewswire/ — The global used car market size is expected to reach USD 2,150.6 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.5% over the forecast period. Rising technological advancements such as the implementation of digital technology in market and the use of artificial intelligence to improve online buying experience are expected to boost the market demand over the forecast period. Furthermore, the growing adoption of used electric and hybrid cars has become one of the noticeable trends in the last few years. The increased number of new Electric Vehicle (EV) and hybrid cars registered over the last few years is now flowing through into the market. For instance: European countries such as Germany, the U.K., Spain, and Austria have registered significant volume sales for petrol, EVs, and hybrid vehicles.

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Key suggestions from the report:

  • Digitally generated leads with online sales channels are expected to attain prominence, and the brick and mortar/offline dealerships are expected to remain under severe pressure due to the COVID outbreak
  • The organized dealership is expected to withstand the demand for a used car and eventually expected to hold a major market share
  • Data analytics tools and artificial intelligence are assisting non-banking financial companies to bring ineffectiveness in the underwriting process. Used car dealers with this opportunity are tying up with the financial agencies, and this process will further help to make loans easily available for customers
  • The Asia Pacific market for used cars is expected to have significant growth over the forecast period, majorly due to the increasing supply base and demand for affordable used cars
  • The key market players are Alibaba Group (Alibaba.com); Asbury Automotive Group; Cox Automotive; TrueCar, Inc.; Hendrick Automotive Group; Group 1 Automotive Inc.; and eBay Inc.

Read 100 page research report with ToC on «Used Car Market Size, Share & Trends Analysis Report By Vehicle Type (Hybrid, Conventional, Electric), By Vendor Type, By Fuel Type, By Size, By Region, By Sales Channel, And Segment Forecasts, 2020 – 2027» at: https://www.grandviewresearch.com/industry-analysis/used-car-market

Globally, the growth of online sales channels also changed the overall consumption of the used cars. As online automotive retailing accounts for the small percentage of total used car sales, there is a significant growth potential for this segment. Moreover, automotive dealers use their websites as a sales and marketing generation channel to drive buyers to the showroom floor where the consumers complete the purchase. However, nowadays, consumers are looking for eCommerce options for the entire purchase. Also, there is a rise in the number of digital sellers such as Vroom; Carvana Inc.; eBay Motors; and Shift Technologies Inc. that specifically cater to online vehicle buyers, and increase the competitiveness of the market.

Escalating investment in the SUV segment is also one of the key reasons which cater to the demand traction in the market. Luxury brands have invested in launching vehicles in the SUV segment to add to their existing sports collection inventory. With the availability of supply chain network of second-hand cars in the market, there is huge traction expected in terms of volume sales in the market. Additionally, the significant change in people transporting habits such as opting for individual mobility with own vehicle are expected to create great upsurge in the market.

Further, the COVID-19 outbreak will increase the demand for compact and mid sizes cars at affordable prices. With the fear of getting infected, people are opting for private transportations rather than public transportation. This is one of the key driving factors for the used car sales in this pandemic period and aftermath. Furthermore, one of the notable phenomena emerging nowadays is the sales of petrol vehicles as fossil fuels are cheaper with the outbreak. Also, the impact of COVID-19 is visible in the on the automotive industry with the sales surge in the market for used cars despite plummeted growth in the new car sales segment. Majority of the customers are looking for more affordable means of transport that would be safe, and reasonable to buy (both ergonomically and economically). With employment uncertainties and variable cash flows in the economies, individuals would prefer used cars over new cars.

Grand View Research has segmented the global used car market based on vehicle type, vendor type, fuel type, size, sales channel, and region:

  • Used Car Vehicle Type Outlook (Shipment, Million Units; Revenue, USD Billion, 2016 – 2027)
    • Hybrid
    • Conventional
    • Electric
  • Used Car Vendor Type Outlook (Shipment, Million Units; Revenue, USD Billion, 2016 – 2027)
    • Organized
    • Unorganized
  • Used Car Fuel Type Outlook (Shipment, Million Units; Revenue, USD Billion, 2016 – 2027)
    • Diesel
    • Petrol
    • Others
  • Used Car Size Outlook (Shipment, Million Units; Revenue, USD Billion, 2016 – 2027)
    • Compact Car
    • Mid-Sized
    • SUV
  • Used Car Sales Channel Outlook (Shipment, Million Units; Revenue, USD Billion, 2016 – 2027)
    • Offline
    • Online
  • Used Car Regional Outlook (Shipment, Million Units; Revenue, USD Billion, 2016 – 2027)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Spain
    • Asia Pacific
      • China
      • Japan
      • India
    • South America
      • Brazil
    • The Middle East and Africa (MEA)
  • List of Key Players of Used Car Market
    • Alibaba.com
    • Asbury Automotive Group
    • AutoNation Inc.
    • CarMax Business Services, LLC
    • Cox Automotive
    • eBay Inc.
    • Group 1 Automotive Inc.
    • Hendrick Automotive Group
    • LITHIA Motor Inc.
    • Scout24 AG
    • TrueCar, Inc

Find more research reports on Automotive & Transportation Industry, by Grand View Research:

  • Car Rental Market – Global car rental market size was valued at USD 88.2 billion in 2018 and is expected to register a CAGR of 5.1% over the forecast period.
  • Shared Mobility Market – Global shared mobility market size was valued at USD 104.95 billion in 2017. It is anticipated to expand at a CAGR of over 25% from 2018 to 2025.
  • On-Demand Transportation Market – Global on-demand transportation market size was valued at USD 75.0 Billion in 2017 and is anticipated to expand at CAGR of 19.8% from 2018 to 2025.

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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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DEKRA further expands its automotive testing and certification services in Asia

Expert Organization to invest in future technology

STUTTGART, Germany, Sept. 14, 2020 /PRNewswire/ —

  • Expert organization to acquire Movon test laboratories in South Korea
  • DEKRA strengthens position as global provider in growth market of automotive electromagnetic compatibility and radio frequency testing
  • EMC & RF testing is crucial to assure zero-interference since data exchange is key for connected,…

Expert Organization to invest in future technology

STUTTGART, Germany, Sept. 14, 2020 /PRNewswire/ —

  • Expert organization to acquire Movon test laboratories in South Korea
  • DEKRA strengthens position as global provider in growth market of automotive electromagnetic compatibility and radio frequency testing
  • EMC & RF testing is crucial to assure zero-interference since data exchange is key for connected, automated and electric driving and Internet of Things
  • Essential investment in international testing network comprising Germany, Spain, Netherlands, Mainland China, Taiwan, South Korea and the US

As of August 31, 2020, the global expert organization DEKRA and Movon Corporation signed an agreement to purchase the shares of the recently carved-out South Korean electromagnetic compatibility (EMC) and radiofrequency (RF) testing laboratories. Movon enjoys many years of experience in the EMC and RF testing of automotive electronics and, as the strategic player in this field, holds a strong market position in South Korea and an excellent global recognition from leading automotive OEMs. This acquisition sees DEKRA further expand its expertise in the booming market for EMC and RF testing, a key technology for connected, automated and electric driving. As cars today become increasingly connected, automated and electrified, electronic systems now account for almost 50% of their added value. And this figure is set to rise over the coming years. The current global EMC and RF testing market volume is estimated to be more than two billion Euro.

«The acquisition of the Movon laboratories is an important strategic step in further expanding our global automotive testing network» says CEO Stefan Kölbl, Chairman of the Management Board DEKRA e.V. and DEKRA SE. «We expect strong growth in the coming years in the Asian market and in EMC and RF testing, with annual growth rates in the upper single-digit range.» This step is also designed to support DEKRA’s increasingly comprehensive range of laboratory accreditations from car manufacturers (OEMs) in Mainland China, Taiwan, Korea, Japan, Europe and the US in the near future.

Movon is the only laboratory accredited for EMC testing in South Korea by domestic and foreign vehicle OEMs, which includes companies such as Volkswagen, GM, Ford, FCA, Jaguar Landrover, MAZDA and Hyundai. The customer base includes other renowned car manufacturers as well as many well-known Korean names from the supplier sector who manufacture vital electronic components.

«In our state of the art worldwide testing facilities we are able to test not only consumer electronics and IoT devices but also everything from automotive electronics through e-bikes to complete electrical vehicles» says the responsible deal maker Ivo Rauh, CTO and Member of the Management Board DEKRA SE, in charge of Services, Innovation and IT.

In addition to EMC and RF testing, international type approvals for mobile & wireless equipment for more than 190 countries and certifications for electrical products («KC» – Korean Certification) are also part of the service portfolio of the newly acquired company.

For all electric and electronic component, devices, systems and even whole vehicles and their components, regulations require that all products shall meet certain degree of electromagnetic compatibility compliance in order to ensure proper operation in their intended environment and to grant user safety. This prevents malfunctions, unsafe operation and accidents caused by electromagnetic effects on the on-board electronics (all driver assistance systems such as Brake or Distance Assist, ABS, airbags, etc.). «In the worst-case scenario, inadequate electromagnetic compatibility could cause safety-relevant electronic components to malfunction, potentially resulting in serious accidents,» says Kölbl. «The more vehicles become automated and connected in the future, the more important it is to conduct EMC and RF testing.»

DEKRA is already involved in product safety testing in Korea at its location in Seoul, especially in the area of explosion safety protection testing and certification of products used in hazardous locations.

DEKRA’s global EMC and RF laboratory network comprises primary locations in Germany (Stuttgart), in the Netherlands (Arnhem), Spain (Malaga), Mainland China (ten laboratories in all major industrial centers such as Shanghai, Shenzhen, Guangzhou and Suzhou), Taiwan (Linkou and Hsinchu) and the US (Sterling, Virginia).

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About DEKRA

DEKRA has been active in the field of safety for more than 90 years. Founded in 1925 in Berlin as Deutscher Kraftfahrzeug-Überwachungs-Verein e.V., it is today one of the world’s leading expert organizations. DEKRA SE is a subsidiary of DEKRA e.V. and manages the Group’s operating business. In 2019, DEKRA generated sales totaling 3.4 billion euros. The company currently employs almost 44,000 people in approximately 60 countries on all six continents. With qualified and independent expert services, they work for safety on the road, at work and at home. These services range from vehicle inspection and expert appraisals to claims services, industrial and building inspections, safety consultancy, testing and certification of products and systems, as well as training courses and temporary work. The vision for the company’s 100th birthday in 2025 is that DEKRA will be the global partner for a safe world.

Contact:

Dr. Torsten Knödler
Tel: (Direct): +49-(0)-711-7861-2075
Fax: (Direct): +49-(0)-711-7861-742075
Email: torsten.knoedler@dekra.com

DEKRA e.V.
Corporate Communications
Handwerkstrasse 15
70565 Stuttgart, Germany
www.dekra.com/en/newsroom