The global automotive engine oil market is projected to grow at a CAGR of 5.39% to reach US$12.866 billion by 2025, from US$9.391 billion in 2019. Engine oil is used to lubricate the internal combustion engine. Its basic function is to cool the engine, prevent the wear and tear, reduce friction on the moving parts and to clean the engine of sludge. Three types of engine oils commonly used for vehicles; synthetic, synthetic blend and conventional. There are increasing concerns regarding the fa Read more...
The global automotive refrigerants market is projected to grow at a CAGR of 3.56% to reach US$51.323 billion by 2025, from US$41.605 billion in 2019. Automotive refrigerants are used for the proper functioning of the air conditioning system in the vehicle. There has been a rise in the demand for increased comfort in vehicles over the past few years, and having a properly working and efficient air conditioning system in the vehicle adds to that comfort. People desiring increased comfort c Read more...
The global automotive intercooler market is projected to grow at a CAGR of 8.77% to reach US$21.878 billion by 2025, from US$13.212 billion in 2019. Automotive intercooler is a type of a heat exchanger that is used mainly with supercharged and turbocharged engines. Their basic function is to cool the air that is compressed by the supercharger or the turbocharger. There are two types of automotive intercoolers that are used in vehicles; air-to-liquid and air-to-air. The air-to-air intercooler Read more...
The global automotive armrest market is projected to grow at a CAGR of 1.35% during the forecast period, to reach a market size of US$11.143 billion in 2025 from US$10.284 billion in 2019. This growth is attributable to the increasing preference of people to have additional comfort features in their vehicles. Automotive armrest is a feature that is provided in the vehicle on which the occupants can rest their arms. Armrest adds to the overall comfort of the car and makes the driving exp Read more...
The global automotive sensors market is projected to grow at a CAGR of 6.26% to reach US$40.980 billion by 2025, from US$28.464 billion in 2019. Automotive sensors are components or devices that are used to process information, monitor and control the proper functioning of different aspects and different components in automobiles. The automobile sensors can facilitate different functions such as sensing oil pressure, sensing temperature, sensing the wheel speed, sensing the proximity wit Read more...
The global automotive radiators market is evaluated at US$9.202 billion for the year 2019. Automotive radiators are a type of heat exchanger that is used in vehicles to cool the engine and the main purpose is to prevent the engine overheating. The radiator is of two types namely copper and brass, and aluminum. The automotive industry is witnessing an increase in the production of passenger vehicles as well as commercial vehicles, which is causing the demand for radiators to rise, a Read more...
The global bus chassis market was estimated at US$11.813 billion in the year 2019. Bus chassis is an essential component that is used to support the load and provide structural support to the bus. The bus chassis includes the wheels, brakes, axles, suspension system, engine, etc. The chassis of the bus should be well developed and stronger with good load-bearing capacity so as to properly support the bus body under both static and dynamic conditions. There has been an increase in the usa Read more...
The global rear-seat infotainment market is projected to grow at a CAGR of 8.98% throughout the forecast period. Rear-seat infotainment, which is a type of infotainment system, is a collection of hardware and software solutions that are used to provide the occupants with audio as well as video information such as navigation information, traffic information among others and entrainment services. There is an increase in the disposable income of people coupled with the increase in the purch Read more...
The global motorcycle shock absorber market is projected to grow at a CAGR of 2.39% to reach US$4,433.888 million by 2025, from US$3,848.266 million in 2019. Damper is another name for motorcycle shock absorber, which, is a component of the suspension system of a motorcycle and is present in the rear of the vehicle. Ride comfort and motorcycle stability are very important for riders as it leads to a more efficient and safer ride minimizing the chances of accidents. Shock absorbers improv Read more...
The global refrigerated truck market is expected to grow at a CAGR of 2.06% throughout the forecast period owing to the fact that the demand of these trucks for the delivery of a variety of items is growing significantly across various industries. Refrigerated trucks are a type of vehicle, designed to carry perishable items at specific temperatures. Generally, these trucks are employed to deliver these perishable items from once place to another without allowing the quality of product to Read more...
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