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Armored Vehicles Market Size to Reach USD 21.97 Billion by 2026 – Valuates Reports

BANGALORE, India, June 24, 2020 /PRNewswire/ — Armored vehicles can be defined as vehicles that are fitted with complete or partial armor plating for protection against bullets, shell fragments, or any other projectiles.

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BANGALORE, India, June 24, 2020 /PRNewswire/ — Armored vehicles can be defined as vehicles that are fitted with complete or partial armor plating for protection against bullets, shell fragments, or any other projectiles.

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The global armored vehicles market size was valued at USD 15.96 Billion in 2018 and is projected to reach USD 21.97 Billion by 2026, registering a CAGR of 4.2% from 2019 to 2026. 

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TRENDS INFLUENCING THE ARMORED VEHICLES MARKET SIZE

  • The introduction of unmanned fighting vehicles and the development of modular armored vehicles are expected to play a major role in the growth of Armored vehicle market size.
  • The market has seen significant growth due to a growing emphasis on protecting soldiers from external and internal threats. Increasing awareness about commercial safety is also expected to drive the growth of Armored vehicle market size during the forecast period.
  • Surge in militarization of law enforcement agencies, are expected to increase the Armored Vehicles Market size. Increased militarization encourages the use of military tactics and military equipment, which in turn stimulates market growth for the armored vehicles.
  • Rising demand for bulletproof vehicles is expected to boost the armored vehicle market size. The rising security challenges originating from growing insurgent activity and crime rate are driving the demand for civilian armored vehicles. Additionally, with the number of public figures, and elite groups are adopting armored passenger vehicles for a greater sense of security, armored vehicles are gaining popularity.
  • The development and deployment of unmanned armored vehicles offer remarkable potential for military operations since it can operate in a wide variety of high-risk situations. This widespread adoption for military operations is expected to increase the armored vehicles market size during the forecast period

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ARMORED VEHICLES MARKET SHARE ANALYSIS

Asia-Pacific is expected to witness the largest growth during the forecast period. Market growth in this region can be attributed to rising numbers of terrorist activities in this region and increasing expenditure on defense operations by emerging economies.

Countries like India and China have increased their budgets for defense and are purchasing advanced armored vehicles for military operations. This, in turn, is expected to drive the growth of the armored vehicle market in Asia Pacific during the forecast period.

By Region

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

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ARMORED VEHICLES MARKET SEGMENTATION

By Application

  • Defense
  • Commercial.

By Drive type

  • Wheel
  • Track.

By Vehicle Type

  • Armored Personnel Carrier
  • Infantry Fighting Vehicle
  • Main Battle Tanks
  • Tactical Truck
  • Bus
  • Limousine
  • Sedan
  • Other.

Key Companies

  • Oshkosh Defense, LLC
  • BAE Systems
  • Rheinmetall AG
  • General Dynamics Corporation
  • International Armored Group
  • Krauss-Maffei Wegmann GmbH & Co. (KMW)
  • enco Industries, Inc
  • Lockheed Martin Corporation
  • STREIT Group
  • INKAS Armored Vehicle Manufacturing
  • Others.

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SIMILAR REPORTS

●  Armoured Fighting Vehicle Market Report

The increasing political tension, terrorism, and hostile activities that are happening around the world are some of the significant factors that are expected to increase the growth of Armoured Fighting Vehicles Market size.

Because of decreasing orders for armored vehicles, the big players face a slowdown in revenue. Local manufacturing companies, however, have several orders and a backlog of at least five years of production in all of the developing countries. The increasing involvement of local companies changes the structure of the industry from a centralized industry to a competitive market.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-33P830/global-armoured-fighting-vehicles 

●  Military Armored Vehicles Market Report

The emergence of cross-border conflicts and the growing incidence of asymmetric warfare across the globe are key factors for the growth of Military Armored Vehicles Market size.

However, the absence of major armored vehicle OEMs in the Middle East and Asia Pacific region and the occurrence of mechanical, electrical and other forms of failure in armored vehicles are expected to hinder market growth.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-7W1053/global-military-armored-vehicles 

●  Infantry Fighting Vehicle Market Report

Infantry fighting vehicle (IFV), is a combat vehicle manufactured to carry troops into the battlefield and provide direct fire support. 

The focus on enhancing battlefield situational awareness and rising incidences of asymmetric warfare are some of the significant factors driving the growth of Infantry fighting vehicle market size.

 However, delays in procurement processes restrict the growth of the IFVs market to some extent. Nonetheless, the rise in defense spending, particularly in emerging economies, is anticipated to boost IFV market growth.

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-36S862/global-infantry-fighting-vehicles 

●  Armored Car Market Report

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-25X1426/global-armored-cars 

●  Main Battle Tanks Market Report

View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-34P798/global-main-battle-tanks 

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To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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Electric Vehicle Adhesives Market to Reach USD 282.3 Million by 2027 | Reports and Data

  • An increase in the initiatives by governments across the globe to promote the production and adoption of electric vehicles (EVs) for taking preventive measures for the reduction of carbon footprints through harmful emissions on earth will drive the Electric Vehicle Adhesives market.
  • Market Size – USD 38.6 Million in 2019, Market Growth – CAGR of 28.5%, Market Trends – High demand from developing nations.

NEW YORK, <span…

  • An increase in the initiatives by governments across the globe to promote the production and adoption of electric vehicles (EVs) for taking preventive measures for the reduction of carbon footprints through harmful emissions on earth will drive the Electric Vehicle Adhesives market.
  • Market Size – USD 38.6 Million in 2019, Market Growth – CAGR of 28.5%, Market Trends – High demand from developing nations.

NEW YORK, June 24, 2020 /PRNewswire/ — The global Electric Vehicle Adhesives market is forecast to reach USD 282.3 Million by 2027, according to a new report by Reports and Data. The market is seeing an expanded interest from the pack & module bonding applications with increasing production of electric vehicles, and the market growth can be attributed to the shift in trend from welding and metal fasteners to adhesives since the latter contributes significantly to weight savings and lower carbon emissions. Moreover, governments of various nations have emphasized to encourage electric vehicle (EV) production and adoption, such as offering subsidies in the form of tax credits, tax deductions, and other benefits.

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Adhesives play an essential role in EVs, not only by decreasing their weight but also by increasing their performance. Adhesives are used in many applications in EVs, such as connecting components and shielding them from shock and vibration damage, helping to allow a path to move heat away from modules and cells by isolating components and avoiding fire risk by minimizing shorts. For example, Henkel and Covestro, in March 2020, produced a method that was able to patch lithium-ion cylindrical battery cells in a plastic cell container. This technology will prove beneficial for both OEMs and customers, as it will provide the OEMs with a cost-effective large-scale cell assembly and customers with reduced EV costs. Increasing focus on business technical innovations is projected to have a significant impact on consumer development in the years ahead.

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Adhesives are used primarily in module and pack bonding, followed by thermal interface bonding and encapsulation of the battery cells. In EVs, serious concerns are the heat generation and thermal management. The battery manufacturers should, therefore, use thermal interface materials, such as adhesives, over mechanical fasteners for smooth operation. Adhesives used to bind thermal interfaces to possess stable thermal conductivity, mechanical flexibility, and resistance to vibration and environment.

The COVID-19 impact:

As the COVID-19 crisis grows, manufacturers are rapidly changing their practices and purchasing priorities to meet the demand of a pandemic that has reduced the need for market-based electric vehicle adhesives. A sequence of both positive and negative shocks will arise over a few months, as producers and their vendors adapt to changing demands of customers. The export-dependent economies of many regions look vulnerable, with an unfortunate global situation. Global Electric Vehicle Adhesives markets are reshaped by the impact of this pandemic when certain manufacturers either close down or decrease their production because of a lack of downstream demand. While some are having their production suspended as a precautionary measure by the governments of their respective nations to combat the spread of the virus. For certain countries, consumers are centered on being more regional by looking at the magnitude of the epidemic and the consequent actions of the national authorities themselves. In these situations, business dynamics in Asia Pacific regions were very dynamic, weakening regularly, making stabilizing themselves difficult.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/electric-vehicle-adhesives-market

Further key findings from the report suggest

  • Based on vehicle type, BEV generated a revenue of USD 15.1 million in 2019 and projected to rise with a CAGR of 30.7% in the forecast period, as battery-powered vehicles do not have an Engine, fuel tank, or exhaust pipe, and rely on electricity for propulsion only, thus, reducing the harmful emissions to a great extent.
  • The polyurethane resin expected to grow with a CAGR of 29.1% in the forecasted period, owing to its superior characteristics such as adhesion to smooth and porous surfaces, abrasion tolerance, excellent physical strength, and high durability, thereby suitable for binding of varied materials such as wood, paper, cardboard and sandwich panels.
  • The pack & module bonding application is the major contributor to the Electric Vehicle Adhesives market. The pack & module bonding application of the Asia Pacific region is the major shareholder of the market and held around 42.9% of the market in the year 2019, owing to advantages such as improved crashworthiness and battery pack integrity, multi-substrate and uncoated metals bonding.
  • The Asia Pacific dominated the market in 2019. The consistent focus of the region on cost-effective and innovative procedures adopted in the area is driving the market. The Asia Pacific region held approximately 53.0% of the market, followed by North America, which contains around 22.0% market in the year 2019.
  • Key participants include 3M, Henkel, Wacker Chemie AG, H.B. Fuller, L&L Products, PPG Industries, Sika AG, Permabond, Ashland, and Jowat SE, among others.

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For the purpose of this report, Reports and Data have segmented into the global Electric Vehicle Adhesives market on the basis of vehicle type, resin type, application, and region:

Vehicle Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)

Resin Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)

  • Epoxy
  • Polyurethane
  • Silicone
  • Acrylic
  • Others

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)

  • Pack & Module Bonding
  • Thermal Interface Bonding
  • Battery Cell Encapsulation
  • Others

Regional Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Million; 2017-2027)

  • North America
    • U.S
  • Europe
    • U.K
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
  • Latin America
    • Brazil

Browse more similar reports on Adhesives and Sealants category by Reports And Data

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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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Automotive Glass Market Revenue to Surpass USD 11 Bn by 2026: Global Market Insights, Inc.

SELBYVILLE, Delaware, June 24, 2020 /PRNewswire/ — The automotive glass market valuation is expected to cross USD 11 billion by 2026. Increasing development of glass offering superior resistance properties will drive the industry growth. Automotive glass is key component used since the inception of automobiles. Several improved iterations such as laminates and tempered glass has bolstered the product demand is passenger and commercial vehicle segment. Improving economic…

SELBYVILLE, Delaware, June 24, 2020 /PRNewswire/ — The automotive glass market valuation is expected to cross USD 11 billion by 2026. Increasing development of glass offering superior resistance properties will drive the industry growth. Automotive glass is key component used since the inception of automobiles. Several improved iterations such as laminates and tempered glass has bolstered the product demand is passenger and commercial vehicle segment. Improving economic conditions and ease of vehicle ownership owing to easy finances will drive the market demand.

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Based on product, automotive glass market is segmented into laminated and tempered. Laminated glass is double layered with a thickness around 6 mm including two glass layers and one plastic interlayer. The strength of laminated glass is superior to its tempered counterpart and the top of glass holds and contains glass shards in one place, enhancing safety. Other properties include noise reduction and scratch resistance.

On the basis of application, the industry is categorized into sidelite, backlite, and windscreen. Backlite also referred to as rear window or rear windshield will witness over 6.5% CAGR over the study timeframe with its installation to allow vision out of the backside of vehicle. Tempered glass is highly used for the segment owing to impact resistance and safe shattering against physical pressure. Product development pertaining to defogger glass will positively influence the demand for upgraded backlite glasses.

In 2019, OEMs held over 80% share in automotive glass market as the glass suppliers have established long-term supply contracts with car manufacturers to strengthen their value chain. An increase in the production of new vehicles is a driving factor for segment size. The OEMs also supply their products for the replacement market. Moreover, superior fitting and performance will drive the industry growth.

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Heavy commercial vehicles will witness significant growth with rapid industrialization, development of road infrastructure, and stable growth in distribution logistics and public transport. Automotive glass used in heavy commercial vehicles are larger in size and have higher thicknesses. The windshields are made of laminated glass to protect the driver from wind and flying debris such as insects, rocks, and dust.

Increasing presence of industry participants and economical production methods will drive the Middle East & Africa automotive glass market. High demand of heavy commercial vehicles from oil drilling industry will drive the industry size. Moreover, easy access of finances and economical natural gas coupled with abundant availability of raw materials, such as soda ash and silica, are anticipated to exalt the glass production in the region.

The key industry players include, AIS Glass, Saint Gobain, Pilkington, Asahi Glass Company, Nippon Sheet Glass Co., Ltd., and PPG. Market leaders are focusing on technology advancement, merger & acquisitions, and geographic expansion strategies to strengthen their market share.

Browse key industry insights spread across 240 pages with 281 market data tables & 39 figures & charts from the report, «Automotive Glass Market Size By Product (Laminated, Tempered), By Application (Sidelite, Backlite, Windscreen), By End-Use (Aftermarket Replacement Glass, Original Equipment Manufacturer), By Vehicle (Light Commercial Vehicle, Heavy Commercial Vehicle, Passenger Cars), Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020 – 2026» in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/automotive-glass-market

Table of Contents (ToC) of the report:

Chapter 5. Automotive Glass Market, By Distribution Channel

5.1.    Global market share by distribution channel, 2019 & 2026

5.2.    Aftermarket replacement glass (ARG)

5.2.1.    Global market estimates and forecasts, 2016-2026

5.2.2.    Market estimates and forecast, by region, 2016-2026

5.3.    OEM

5.3.1.    Global market estimates and forecasts, 2016-2026

5.3.2.    Market estimates and forecast, by region, 2016-2026

Chapter 6. Automotive Glass Market, By Application

6.1.    Global market share by application, 2019 & 2026

6.2.    Sidelite

6.2.1.    Global market estimates and forecasts, 2016-2026

6.2.2.    Market estimates and forecast, by region, 2016-2026

6.3.    Backlite

6.3.1.    Global market estimates and forecasts, 2016-2026

6.3.2.    Market estimates and forecast, by region, 2016-2026

6.4.    Windscreen

6.4.1.    Global market estimates and forecasts, 2016-2026

6.4.2.    Market estimates and forecast, by region, 2016-2026

Browse Complete Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/automotive-glass-market

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Plastics for Electric Vehicle Market Worth $2,621 Million by 2025 – Exclusive Report by MarketsandMarkets™

CHICAGO, June 24, 2020 /PRNewswire/ — According to the new market research report «Plastics for Electric Vehicle Market by Plastic Type (ABS, PU, PA, PC, PVB, PP, PVC, PMMA, HDPE, LDPE, PBT), Application & Component (Dashboard, Seat, Trim, Bumper, Body, Battery, Engine,…

CHICAGO, June 24, 2020 /PRNewswire/ — According to the new market research report «Plastics for Electric Vehicle Market by Plastic Type (ABS, PU, PA, PC, PVB, PP, PVC, PMMA, HDPE, LDPE, PBT), Application & Component (Dashboard, Seat, Trim, Bumper, Body, Battery, Engine, Lighting, Wiring), EV Type and Region – Global Forecast to 2025″, published by MarketsandMarkets™, the Plastics for Electric Vehicle Market is projected to grow at a CAGR of 26.9% to reach a market size of USD 2,621million by 2025 from 797 million in 2020. The rising trend of weight reduction in PHEV/ HEV and BEV is estimated to increase the demand of high performance plastics. Additionally, the interior application is estimated to account for majority of plastic demand in an electric vehicle and the trend is projected to continue during the forecast period.

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70 – Figures
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«Polyurethane (PU) to have the largest market value among other types of plastics.»

 Polyurethane materials are widely used by car manufacturers which offers benefits in terms of comfort, safety, lightweight and longevity with design freedom. Polyurethane (PU) is a strong and light material that helps designers and manufacturers design seating that can be assembled, disassembled and recycled. Also, polyurethane is used in interior parts manufacturing such as dashboard, and as TPU in door handles and instrument panels has reduced the weight of vehicles. Also, high versatility and easy mold ability of the product enables the automobile manufacturers to produce various shapes and design for the vehicles. Polyurethane are most durable and can be recycled as well and hence find considerable adoption in electric vehicles.

«Lighting and electric wiring is the fastest growing market by application»

 Electric components are being increasingly used in electric cars, which have increased the need for wires, cables, and connectors. The onboard chargers are used to convert AC into DC while charging. These chargers work at voltage levels that help to avoid overheating. Connectors, cables, and hoses are used to supply power from the battery to other parts of the electric car. These components should sustain the high temperature arising from the battery during its charging or use. Hence, plastics are suitable material for these components as they can resist high temperatures and offer electrical insulation. Components made of polymers such as ABS, polycarbonate, PBT, and polyamide are preferred. In Europe, due to increase in addition of advanced safety features, the electronic components such as circuits, sensors etc. associated with it add more electronic components which in turn increases the use of plastic in electric vehicle. Also, front and rear headlamp wiring, rear-view camera modules and 360-degree camera (in some cases) likely to have crucial role in market growth. Thus, demand is estimated to increase for plastics components which are used to make connectors, lamp housings components and electrical and electronic components required for electric vehicle.

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«Asia is expected to hold the largest market size in Plastics for Electric Vehicle Market during the forecast period»

Asia is estimated to account for the largest share of the Plastics for Electric Vehicle Market. The high sales of electric vehicle in this region is the main driving factor for the growth of the Plastics for Electric Vehicle Market. Also, the presence of major plastic suppliers and rising government mandates to promote the adoption of electric vehice are expected to drive the market. Furthermore, the development of manufacturing facilities by major electric vehicle OEMs is likely to create opportunities for plastic suppliers and thereby increasing the demand for plastic for electrc vehicle during the forecast period.

The Plastics for Electric Vehicle Market is dominated by globally established players namely BASF (Germany), SABIC (Saudi Arabia), Dow (US), Lyondellbasell Industries Holdings B.V (Netherlands), DuPont de Nemours, Inc.(US), Covestro (Germany), Solvay (Belgium), LANXESS (Germany), LG Chem (South Korea), Asahi Kasei (Japan).

 Browse Related Reports:

Automotive Lightweight Material Market by Material (Metal, Composite, Plastic, Elastomer), Application & Component (Frame, Engine, Exhaust, Transmission, Closure, Interior), Vehicle Type (ICE, Electric & Hybrid), Region – Global Forecast to 2027

Automotive Acoustic Materials Market by Type (ABS, Fiberglass, PP, PU, PVC & Textile), Component (Arch Liner, Dash, Fender & Floor Insulator, Door, Head & Bonnet Liner, Engine Cover, Trunk Trim, Parcel Tray), ICE & EV, and Region – Forecast to 2027

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Fourth-generation Kia Carnival revealed

– First images of Kia’s new ‘Grand Utility Vehicle’ show its stronger design presence and SUV style

– Character evolution and modern new look for Kia’s flagship minivan

– On-sale in Korea later in the third quarter of 2020

SEOUL, South Korea, June 24, 2020 /PRNewswire/ — Kia Motors Corporation has revealed first images of the new Kia Carnival, the fourth generation of the brand’s flagship minivan. Released in Korean specification, the new Kia Carnival…

– First images of Kia’s new ‘Grand Utility Vehicle’ show its stronger design presence and SUV style

– Character evolution and modern new look for Kia’s flagship minivan

– On-sale in Korea later in the third quarter of 2020

SEOUL, South Korea, June 24, 2020 /PRNewswire/ — Kia Motors Corporation has revealed first images of the new Kia Carnival, the fourth generation of the brand’s flagship minivan. Released in Korean specification, the new Kia Carnival – sold in many markets worldwide as the Kia Sedona – has been designed to appeal to progressive young families, with a leading combination of innovation, flexibility, and style.

First image of the new Kia Carnival

Dubbed a ‘Grand Utility Vehicle’, the new model boasts a design evolution for the Carnival. The fourth-generation model builds on its predecessors’ heritage with a more architectural sense of solidity and an upgraded appearance that draws on the overarching design ethos that links all of Kia’s cars design identity. Matched with highly detailed, futuristic details and SUV-inspired design elements, the new model brings a stronger, more stylish presence to the mid-sized MPV segment.

A character evolution

The new Carnival features a shorter front overhang, with the base of the A-pillar moved backwards to create a longer hood. Its increased wheelbase also contributes to greater space throughout the cabin, while giving the car a longer, slightly more athletic silhouette. The result is a side profile that reveals the Carnival’s more dynamic DNA.

This is emphasized by a simple yet bold character line which runs along the length of the car, linking the front and rear lamps. Beneath this clear line, the Carnival features a more prominent sense of volume to its bodywork, with bold wheel arches and sharp lines along the body giving it a more sculpted appearance.

The new model features a unique ‘island roof’ design, with blacked-out A- and B-pillars supporting the body-colored roof. From the side, one of the new car’s stand-out features is an eye-catching new C-pillar signature design, inspired by that of the new Sorento. The chrome fin, which wraps beneath the tapered rear windows and extends towards the tailgate, is finished with a subtle diamond pattern that is also reflected throughout the inside of the car.

A more confident, futuristic face

The Carnival features a new ‘tiger face’ which extends across the width of the vehicle. This confident, more futuristic face seamlessly integrates lamps with Kia’s iconic ‘tiger-nose’ grille. Kia’s designers have dubbed this ‘symphonic architecture’, with the design of the front bringing together a range of detailed, technical features to create a sense of harmony and structural energy. The grille and lamps are defined by their high-tech, high-precision details, with chrome trim above the grille and forming its own character line around the face of the car. The castellated edge of the upper grille is paired with perpendicular creases which extend straight up the hood, creating a more purposeful look when viewed head-on.

The Carnival’s headlamps and LED daytime running lights (DRLs) form a unique light signature. The high-beam lamps are integrated into the corner of the tiger-nose grille, with the low-beam lamps sitting separately, at the outer edges of the front of the car. Between them, the DRLs wrap around the Carnival’s turn signal lamps, then plunge downwards, merging with the grille’s lower chrome border.

Beneath, the sculpted bumpers and lower air intake are matched with metallic trim and a black lower bumper, presenting the Carnival’s robust, SUV-inspired appearance.

SUV-inspired design extends rearwards

At the rear, the Carnival boasts a wide, distinctive new design which uses full-width lines to emphasize the car’s sense of solidity

These lines include the sleek combination lamps, which echo the same details as the DRLs at the front of the car, integrated into a full-width light. The light bar connects visually to a sharp, sculpted line which extends downwards and wraps around the license plate.

Above the light bar is a chrome line, which started at the base of the new signature C-pillar and wraps around the base of the rear screen. Beneath the light bar, highlight lines extend across the tailgate to raise the visual center of gravity of the rear of the car.

Further enhancing its SUV-inspired design, the Carnival is finished off with a metallic lower skid plate, elevating the car further and giving it a more robust appearance.

More Carnival details to be revealed soon

The new Kia Carnival is due on-sale in Korea, Kia’s domestic market, later in the third quarter of 2020, with global sales in many of Kia’s markets to follow thereafter. More product details will be released soon.

About Kia Motors Corporation

Kia Motors (www.kia.com) is a maker of world-class quality vehicles for the young-at-heart. Founded in 1944, Kia today sells around 3 million vehicles a year in over 190 countries, with 52,000 employees worldwide, annual revenues of over KRW 58 trillion (about US$50 billion) and manufacturing facilities in six countries. Kia is spearheading the transition to electric vehicles and pursuing mobility services to help tackle urban challenges around the world. The company’s brand slogan – «The Power to Surprise» – represents Kia’s global commitment to surprise the world with exciting, inspiring experiences that go beyond expectations. 

For more information, please visit the Kia Motors Global Media Center at www.kianewscenter.com

First image of the new Kia Carnival

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Fuel Cell Vehicle Market Expecting Swift Growth Till 2025 as Governments Invest into Development of Pollution-Free Vehicles | Million Insights

FELTON, California, June 23, 2020 /PRNewswire/ — The global Fuel Cell Vehicle Market size is projected to touch USD 1.75 billion by 2025, according to a new report by Million Insights. The market is anticipated to witness a CAGR of 33.7% over the…

FELTON, California, June 23, 2020 /PRNewswire/ — The global Fuel Cell Vehicle Market size is projected to touch USD 1.75 billion by 2025, according to a new report by Million Insights. The market is anticipated to witness a CAGR of 33.7% over the forecast duration. The growing investment by governments in the development of pollution-free vehicles is attributing to the growth of the market.

Fuel cell vehicles are pollution-free and greatly reduce the carbon footprint, thereby, expected to garner much traction over the next few years. Additionally, advancement in fuel cell technologies is further projected to drive the vehicle’s demand. Owing to ongoing advancements, these vehicles are capable of matching the performance of conventional vehicles.

Fuel cell adoption is likely to rise over the forecast duration owing to stringent emission norms set by the governments across the globe. Further, various governments are also providing incentives to support the growth of the fuel cell vehicles market.

Please click here to get the sample pdf and find more details on «Fuel Cell Vehicles Market» Report 2025.

North America led the market in 2017 and expected to continue its dominance over the forecast duration. Europe and Asia Pacific are also witnessing a surge in demand owing to growing infrastructural development to support the development of fuel cell vehicles.

Further key findings from the report suggest:

  • The global fuel cell vehicle market was worth USD 194.5 million in 2017 and anticipated to grow at a CAGR of 33.7% from 2018 to 2025.
  • Various initiatives taken by governments are encouraging the adoption of fuel cell vehicles.
  • North America occupied the largest market share in 2017 and projected to ascend at a CAGR of more than 36.0% over the forecast duration
  • Europe accounted for only over 3% of the market share in fuel cell vehicle, however, the region is predicted to grow at a CAGR of over 38.0% over the forecast period.

Browse 60 page research report with TOC on «Global Fuel Cell Vehicle Market» at: https://www.millioninsights.com/industry-reports/global-fuel-cell-vehicle-market

Fuel Cell Vehicle Market Share Insights

Owing to the presence of only a few players, the market is concentrated in nature. Key players in the fuel cell vehicles market are Honda Motor Company, Hyundai Motor Company and Toyota Motor Corporation. Two major players Honda and Toyota have introduced commercial vehicles in sedan segment while Hyundai has commercialized its SUV segment.

Although the market is captured by a handful of players, several other players have announced their roadmap to introduce fuel cell vehicles. For example, Audi with its Quattro fuel cell vehicles debuted in the market in 2016.

Million Insights has segmented the global fuel cell vehicles market on the basis of region:

  • Fuel Cell Vehicles Regional Outlook (Volume, Units; Revenue, USD Billion, 2014 – 2025)
    • North America
    • Europe
    • Asia Pacific

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Xinhua Silk Road: FAW Commercial Vehicles recruits distributors in 35 countries worldwide

BEIJING, June 22, 2020 /PRNewswire/ — China FAW Commercial Vehicles, branch of FAW Group Co., a state-owned leading automaker based in northeast China’s Jilin Province, is recruiting distributors in 35 countries worldwide.

The target countries include Vietnam, Laos, Malaysia in South Asia, and…

BEIJING, June 22, 2020 /PRNewswire/ — China FAW Commercial Vehicles, branch of FAW Group Co., a state-owned leading automaker based in northeast China’s Jilin Province, is recruiting distributors in 35 countries worldwide.

The target countries include Vietnam, Laos, Malaysia in South Asia, and Congo, Nigeria, Angola in Africa. Besides, central Asian countries like Kazakhstan and Tajikistan are also in the list.

The move of FAW Commercial Vehicles aims at expanding its overseas business. Guided by the group’s international development strategy, the company will provide potential partners with comprehensive products as well as marketing solutions and management support to ensure sustainable profit and long-term cooperation.

FAW Commercial Vehicles has been best sellers in Chinese medium and heavy truck market for three consecutive years and top in world market for 2 consecutive years.

For more details about the company’s distributor recruitment, please check the picture below.

 

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GAC MOTOR’s GS5 and GN6 to be launched in Saudi Arabia, Expanding Its Presence in the Middle East

RIYADH, Saudi Arabia, June 19, 2020 /PRNewswire/ — GAC MOTOR is set to launch its two highly anticipanted models, the GS5 and the GN6, in Saudi Arabia on June 25th. The GS5, a luxury SUV, has attracted much attention for its smooth handling and superior power. As a versatile MPV, GN6’s large and flexible interior has been shown to meet the diverse travel needs of many families.

The GS5 is highly praised by drivers for…

RIYADH, Saudi Arabia, June 19, 2020 /PRNewswire/ — GAC MOTOR is set to launch its two highly anticipanted models, the GS5 and the GN6, in Saudi Arabia on June 25th. The GS5, a luxury SUV, has attracted much attention for its smooth handling and superior power. As a versatile MPV, GN6’s large and flexible interior has been shown to meet the diverse travel needs of many families.

The GS5 is highly praised by drivers for its outstanding appearance and performance. The model is sold in markets across Asia, South America, the Middle East and Africa. The latest GS5 comes equipped with the third generation 270T engine and the latest generation Aisin 6-speed manual-automatic gearbox, bringing the handling and power to a higher level. As a luxury SUV, the GS5 adapts well to all kinds of terrain while the vehicle’s seven driving modes allow for maneuvering in every type of driving environment, from city to desert, over mountains terrain and across snow-laden landscapes, without compromising the driving experience. The car also comes installed with Denso dual-temperature automatic air conditioning, allowing for the maintennace of a comfortable enviroment within the vehicle even when outdoor temperature is abnormally high.

The family-friendly GN6 breaks away from the bulky, single shape design of the traditional MPV, adopting a stylish and dynamic appearance which adds a youthful and sporty atmosphere. As a family vehicle, when it comes to the user of the interior space, the GN6 offers flexibility that caters for the different needs of each family member no matter whether it is in a weekend outing or a shopping trip.  

GAC MOTOR continues its commiment to the Middle East market, bringing more models with localized features to consumers of the region. With the introduction of the GS5 and GN6, GAC MOTOR will have a wider product range for sale in Saudi Arabia.

GAC MOTOR is an independent company under the GAC Group, which is known for its highly integrated supply chain networks. The Group was ranked 189 among the Fortune Global 500 enterprises in 2019. Its joint venture brands collectively produce vehicles for many reowned brands and enjoy a high market share in the global automobile market.

GS5&GN6

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ADAS Market Worth $83.0 Billion by 2030 – Exclusive Report by MarketsandMarkets™

CHICAGO, June 18, 2020 /PRNewswire/ — According to the new market research report «ADAS Market by System (ACC, DMS, IPA, PDS, TJA, FCW, CTA, RSR, LDW, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (PC, LCV, Bus, & Truck), Level of Autonomy (L1, L2&3, L4, L5), Offering, EV, and Region – Global Forecast to…

CHICAGO, June 18, 2020 /PRNewswire/ — According to the new market research report «ADAS Market by System (ACC, DMS, IPA, PDS, TJA, FCW, CTA, RSR, LDW, AEB, & BSD), Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (PC, LCV, Bus, & Truck), Level of Autonomy (L1, L2&3, L4, L5), Offering, EV, and Region – Global Forecast to 2030″, published by MarketsandMarkets™, the Advanced Driver Assistance System market size is projected to grow from USD 27.0 billion in 2020 to USD 83.0 billion by 2030, at a CAGR of 11.9%. The increasing adoption of ADAS & safety features, the focus of governments to enhance vehicle and pedestrian safety, initiatives by OEMs to provide advanced safety features, and the advent of autonomous vehicles will surge the demand for ADAS.

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Vehicle production was low in April 2020 in major European countries and the US due to the ongoing COVID-19 pandemic. Earlier, the ADAS Market was expected to witness rapid growth from 2022 onward as major safety regulations are outlined to be imposed, and deployment of autonomous driving systems was planned during the same timeline. As vehicle production is suspended, any new investment for advanced technology is unlikely. OEMs and tier 1 players are either using cash reserves or acquiring funds to continue operations during the crisis. OEMs are still skeptical about the recovery of vehicle sales to 2019 levels in 2020.

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TPMS is expected to be the largest segment in the ADAS Market

A tire pressure monitoring system (TPMS) uses sensors to detect tire pressure levels and alert the driver when the tire pressure is low. Two TPMS implementations are available: direct and indirect. Indirect TPMS uses ABS sensors to detect low tire pressure. If the pressure in a tire is dangerously low, its wheel speed will be different than the others. The ECU analyzes the rotation information and informs the driver about the low tire pressure. Direct TPMS uses different pressure monitoring sensors for individual tires. These sensors transmit the data to the ECU for analysis, and every sensor has a unique serial number. Post analysis, the system can easily identify the tire with low pressure using the serial number and display a visual warning on the dashboard.

The inclusion of TPMS is standard in all leading automobile markets such as the US, European countries, and some Asia Pacific countries. While TPMS was earlier mandated only for passenger cars in Europe, it is now to be mandatorily installed in vans, trucks, and buses by 2022. China announced that all new vehicles from 2019 would have standard TPMS, while Japan, Russia, South Korea, and Turkey have already mandated TPMS as a standard in new vehicles. Such large-scale regulation of TPMS has spiked its penetration in major automotive markets. Further growth of the TPMS segment will depend on increasing vehicle production and its implementation across all vehicle types, post 2022.

LCV segment will be a key market for ADAS

Light commercial vehicles (LCVs) are most often used for last-mile distribution and personal travel. OEMs such as Ford Motors and Nissan are offering LCVs fitted with ADAS systems. Pick-up trucks are significantly popular and a major revenue source for OEMs such as GMC and Ford in the US. These OEMs offer a wide range of these trucks to attract more consumers. They are one of the most versatile vehicles under any driving conditions, which makes them a preferred choice compared to SUVs and sedans, especially for families. OEMs are also increasing investments in this segment to include more comfort features such as those in passenger cars in the LCV segment.

An increase in safety awareness and demand for driving comfort among consumers will be prominent factors for the growth of the LCV segment in the advanced driver assistance system market. OEMs are quick to respond to trends in the LCV segment and are investing significantly to offer more features in this segment. For instance, GM announced an investment of USD 2.2 billion in its Detroit–Hamtramck assembly plant to produce all-electric trucks and SUVs. An additional USD 800 million will be invested for supplier tooling and other activities related to the launch of the new electric trucks. According to the OEM, these pick-up trucks will be in production by late 2021. More such investments in the LCV segment would create opportunities for ADAS solution providers in the LCV segment.

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Europe is expected to be the largest ADAS Market in 2020

Stringent safety regulations are expected to drive the demand for ADAS in Europe. France is one of the fastest-growing markets for ADAS in Europe. In 2018, France contributed approximately 12% to the total vehicle production in the region as per the European Automobile Manufacturers Association. Several safety mandates have been implemented by the French government. For instance, in 2015, the government made it compulsory to install automatic emergency braking (AEB) and lane departure warning (LDW) in all new heavy trucks.

The increasing production and sales of luxury vehicles due to strong economic growth play a major role in Germany. Major German OEMs such as Volkswagen and Daimler AG have incorporated advanced features to enhance the driving experience. These OEMs offer most ADAS features as standard in their premium segment vehicles. In mid-segment SUVs and sedans, essential ADAS features are offered under additional packages.

The ADAS Market is dominated by global players such as Robert Bosch (Germany), Continental AG (Germany), ZF Friedrichshafen (Germany), Denso (Japan), Aptiv (UK), Valeo (France), Magna International (Canada). These companies have adopted strategies of new product development, expansions, collaborations, partnerships, and mergers & acquisitions to gain traction in the market.

Browse Related Reports:

Semi-Autonomous & Autonomous Truck Market By Level of Automation (Level 1, Level 2 & 3, Level 4, and Level 5), Propulsion (Diesel, Electric, and Hybrid), Application, Truck Class, ADAS Features, Sensor, and Region – Global Forecast to 2030

Semi-Autonomous & Autonomous Bus Market by Level of Automation (Level 1, Level 2 & 3, Level 4, and Level 5), Propulsion (Diesel, Electric, and Hybrid), Application, ADAS Features, Sensor, and Region – Global Forecast to 2030

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Automotive Logistics Market Size Worth $222.3 Billion By 2027 | CAGR: 5.8%: Grand View Research, Inc.

SAN FRANCISCO, June 18, 2020 /PRNewswire/ — The global automotive logistics market size is expected to reach USD 222.3 billion by 2027, registering a CAGR of 5.8% from 2020 to 2027, according to…

SAN FRANCISCO, June 18, 2020 /PRNewswire/ — The global automotive logistics market size is expected to reach USD 222.3 billion by 2027, registering a CAGR of 5.8% from 2020 to 2027, according to a new report by Grand View Research, Inc. The growth of the market is directly linked to the demand for automobile and automobile parts, development of comprehensive world-wide trade flow, and existing economic environment. Furthermore, rapid proliferation of trade agreements among various countries is a key factor fueling the growth of the market.

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Key suggestions from the report:

  • Based on activity, the warehousing segment is expected to exhibit the highest CAGR over the forecast period due to increasing demand from the automobile industry and growing awareness concerning optimum utilization of spaces throughout supply channels
  • By distribution, the domestic segment captured a dominant market share in the year 2019 and it is expected to maintain its lead throughout the forecast period owing to shifting preference of automobile manufacturers towards local manufacturing of automobile and automobile parts to minimize operational cost
  • Increasing emphasis on developing a logistics infrastructure and a public-private partnership model to facilitate ease of transportation from manufacturers to local warehouse is expected to drive the inbound logistics segment
  • By type, the automobile parts segment is anticipated to dominate the market over the forecast period owing to the demand generated in aftermarket by a massive automobile fleet across the globe.
  • Asia Pacific is anticipated to register the highest CAGR over the forecast period owing to high rate of automobile manufacturing, coupled with huge trade volume from this region across the globe.

Read 80 page research report with ToC on «Automotive Logistics Market Size, Share & Trends Analysis Report By Activity (Warehousing, Transportation), By Type, By Logistics Solution, By Distribution, By Region, And Segment Forecasts, 2020 – 2027» at: https://www.grandviewresearch.com/industry-analysis/automotive-logistics-market

Automotive logistics is a part of the automotive supply chain, which spans across the globe. Automotive logistics ensures seamless transportation of component, system, and finished vehicle in the economy, starting from pre-assembled components to the transport of finished automobiles to a local warehouse. Automotive logistics is crucial for raw material producers, components suppliers, vehicle manufacturing, spare parts suppliers, and automotive sales. It comprises inbound logistics of raw materials and components, garage logistics of the manufacturing process, sales logistics of spare parts, and finished vehicle, which also includes loading/unloading, storage, transportation, information processing, distribution, and delivery. In a broader supply chain, automotive logistics also provides transportation of automotive industry waste for recycling.

Key service providers are adopting advanced technologies, such as Big Data and connected ships, to improve supply-chain management processes for optimizing modes of transport in the industry. The application of technologies such as big data enables cost comparison, reliability, and quality of concerned product components transportation to suggest the perfect and most economical mode of transportation. It also analyzes statistical data for predicting the demand and helps in streamlining the procurement process with minimum inventory cost, making it more cost efficient. Big data analytics also aid in the reduction of labor costs by making use of predictive assessment on routing to eliminate delays in shipments, thereby reducing the operational cost to increase the profit margin of the service providers.

Grand View Research has segmented the global automotive logistics market on the basis of activity, type, distribution, logistics solution, and region:

  • Automotive Logistics Activity Outlook (Revenue, USD Million, 2016 – 2027)
    • Warehousing
    • Transportation
    • Roadways
    • Airways
    • Maritime
    • Railways
  • Automotive Logistics Type Outlook (Revenue, USD Million, 2016 – 2027)
    • Finished Vehicle
    • Automobile Parts
  • Automotive Logistics Distribution Outlook (Revenue, USD Million, 2016 – 2027)
    • Domestic
    • International
  • Automotive Logistics Solution Outlook (Revenue, USD Million, 2016 – 2027)
    • Inbound
    • Outbound
    • Reverse
  • Automotive Logistics Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
  • List of Key Players of Automotive Logistics Market
    • BLG LOGISTICS GROUP AG & Co. KG
    • CEVA Logistics
    • GEFCO
    • Hellmann Worldwide Logistics
    • Penske Automotive Group, Inc.
    • CFR Rinkens
    • Expeditors International of Washington, Inc.
    • Imperial Logistics
    • Kerry Logistics Network
    • Nippon Express Co. Ltd.
    • Ryder System, Inc.
    • Schnellecke group ag & co. Kg

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

  • Scooters Market– The rising purchasing power of the middle-class population in developing countries and swift urbanization is expected to significant increase in demand. Besides, land and space-constrained cities with inadequate road infrastructure and high vehicular traffic are also some of the factors driving the adoption of this vehicle as an urban mode of personal mobility.
  • Intelligent Transportation System Market– The necessity for presenting real-time traffic information of different regions to passengers and drivers is one of the significant factors driving the demand for intelligent transportation systems across the world.
  • Automotive Test Equipment Market– The automotive test equipment is used to perform quality control tests to evaluate and ensure effective performance of the vehicles. Automotive test equipment helps to maintain efficiency of the vehicle and thus plays an important role in enhancing the vehicle’s overall life.

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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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