Vijay Kundekar (7)

1
Automotive Hardware Market is Projected to Bring
in US 100 Bn by 2029-end FMI Reports

• Feb 2020

Report Id REP-GB-10873 Published On
08-Jan-2020 Category Automotive Transportation
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Research Methodology (1/2)

• Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
PMR formulates a detailed discussion guide to conduct expert and industry interviews
PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts
PMR conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
PMR delivers industry insights and information in the required format (PDF)

• Identifying key opinion leaders
• Questionnaire design
• In-depth interviews
• Coverage across value chain

• Key industry experts
• Channel study
• Developments
• Market dynamics
• Products
• Conclusions

SOLUTION

• Market participants
• Key strengths
• Product portfolio
• Mapping as per value chain
• Key focus segments

Primary Research
Secondary Research
Paid Publications

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• Company websites
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includes sources of databases
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Automotive Hardware Market Analysis
Global automotive hardware market is growing at a
moderate rate, owing to the escalating sales of
commercial vehicles. It is projected to exceed
the US 75 Bn mark by the end of 2020. Innovative
application of plastic composites and
eco-friendly bioplastics will constitute an
emerging trend in automotive hardware market, as
indicated by a new Future Market Insights (FMI)
study. The market growth is further driven by
cost-effective innovations, in addition to the
environmental safety standards. "Manufacturers
are taking advantage of innovations in raw
materials to achieve two-fold benefits
progressing towards sustainable future and
complying with the governmental guidelines for
manufacturing and production. Both these factors
are collectively driving the automotive hardware
market towards a promising future," projects the
FMI study.
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Automotive Hardware Market Analysis

• Key Takeaways of Automotive Hardware Market Study
• Door latches continue to lead the market with
  about one-fifth revenue share
• Passenger vehicles are forecast to generate
  greater market revenue during the forecast period
• Original equipment manufacturers (OEMs) emerge as
  a major channel for sale for automotive hardware
• Investments pour in for new technologies that
  impart greater fuel efficiency for
  next-generation hardware
• Europe owns major market share owing to strong
  presence of prominent players and advancement in
  automotive technologies
• Sales of used cars is highly responsible for
  market growth in regions including East Asia and
  Europe

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Automotive Hardware Market Analysis

• Automotive Hardware Market - Top Growth Drivers
• Compliance to stringent regulations regarding
  environment and safety is providing new growth
  dimensions to market
• Trends of downsizing and light-weighting are
  favoring automotive hardware sales
• Hardware customizations are generating new
  profitable avenues for market players,
  significantly contributing to market expansion
• High-performance and eco-friendly raw materials
  are aiding market expansion, through higher
  fuel-efficiency
• Automotive Hardware Market - Key Restraints
• Wide availability of counterfeit products is
  restraining sales automotive hardware sold by
  OEMs, thereby hindering the pace of market
  progress
• Increase in production of electric vehicles would
  restrict sales of some automotive hardware such
  as fuel flap, impacting market growth

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Automotive Hardware Market Analysis
Competition Landscape of Automotive Hardware
Market Some of the prominent players in global
automotive hardware market covered in the FMI
study include, but are not limited to, magna
International Inc., Smelting Co. Ltd., Aisin
Seiki Co. Ltd., Gestamp Automocion and Dorman
products. Lightweight materials, making the
vehicles highly fuel efficient are employed by
market players to develop fuel efficient vehicles
in compliance with stringent regulations.
Manufacturers are targeting profitable regions
like China with cheap labor and operating costs,
to expand their manufacturing bases. Innovation
is the key component leveraged by automotive
hardware manufacturers to create a distinguished
brand image in market. Source Link 
https//www.accesswire.com/576981/Automotive-Hardw
are-Sales-to-Cross-US-75-Bn-Mark-in-2020-Door-Latc
hes-Continue-to-Lead-with-over-20-Market-Share-Con
cludes-FMI-in-New-Report 
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Automotive Hardware Market Analysis

• Explore Extensive Coverage of FMI's Automotive
  Transportation Landscape
• Aircraft Refurbishing Market
• OHV Telematics Market
• Automated Guided Vehicle Market
• About Future Market Insights (FMI)
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Automotive Hardware Market Analysis
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