maggio 2023 - Business NewsWire

Accelerating Convenience: Exploring the Automotive E-Tailing Market and its Impact on Online Car Parts and Accessories Shopping

E-commerce has gained massive popularity over the years. The internet and low-cost product availability or discounted prices have fetched shoppers to online platforms.The new players have entered the e-tailing landscape to sell the products through e-tailing sites or portals.

Few portals offer door-to-door delivery, installation support, and free advice to customers worldwide, and provide support through products or services, and technical expertise.

The rising popularity of Amazon, eBay, and Rock Auto boosts the automotive aftermarket industry, with rising sales of the automotive afterparts. Presently, the e-commerce automotive aftermarket industry is going through a massive transformation.

Numerous transactions are carried out on the internet concerning sales and purchases of automotive and afterparts, including electrical and electronic products, engine components, pistons, infotainment multimedia, bearings, rings, tires, wheels, valves, filters, and interior accessories. Such transactions include both business-to-business and business-to-consumer sales.

In addition, the rising disposable income of consumers, growing penetration of smartphones and the internet, including government initiatives to encourage EV road traction, and the emergence of new players in the industry boost the automotive e-tailing industry.

The passenger cars followed by commercial vehicles, led by economic development, and the per capita income rise in emerging economies propel the sales of automotive parts on e-commerce platforms. Customers prefer to buy branded and genuine products for cars and two-wheeler, due to their longer life span and stability.

The rise in the worldwide GDP, with an increase in the per capita income, results in growing sales of automotive afterparts in emerging economies, such as India, China, and Brazil.Presently, numerous startups and the emergence of new industry players in the e-commerce industry results in surging automotive e-tailing.

Moreover, government initiatives in the form of financial assistance and favorable trade policies boost online sales of automotive products and services.

North America experiences high sales of tires and wheels through e-tailing. In addition, the wide range of products, timely delivery, and hassle-free transaction propels the sale of automotive parts online. Furthermore, the presence of numerous e-retail players boosts the sales of the automated component on the portal, resulting in industry expansion.

In addition, the presence of global automotive companies, including, Walmart, and Amazon in emerging countries boost the sales of automotive parts online. Supportive government policies and 100% FDI offers new opportunities for companies to invest in emerging economies, including Brazil and India.

Browse Full Report Automotive E-Tailing Market Revenue and Demand

Safe and Smart: Exploring the Automotive Anti-Pinch Power Window System Market and its Role in Passenger Safety

Automotive anti-pinch refers to a safety technology that is used in the power windows of cars. This system restricts the winding up of the car window if it stumbles upon any obstacle in the path of the glass. The electric motor of the vehicle is equipped with a sensor that can identify the resistive force working against the glass movement. After sensing an obstacle, the motor prevents the closing action of the window to avoid any injury to a passenger or driver.

As an anti-pinch power window system is a part of vehicle safety features, rising public and government awareness about vehicle safety will propel the automotive anti-pinch power window system market at an exceptional CAGR of 12.0% during the forecast period (2017–2023). According to P&S Intelligence, the market was valued at $1,690.2 million in 2016, and it will generate $3,611.2 million revenue by 2023. For instance, the National Highway Traffic Safety Administration (NHTSA), under the U.S. Department of Transportation (DoT) mandates the installation of power windows in vehicles manufactured in the country.

In addition, the booming passenger car production will also facilitate the production of anti-pinch power widow systems globally. The International Organization of Motor Vehicle Manufacturers (OICA) states that the global automotive industry manufactured 55,834,456 passenger cars in 2020. The increasing production of passenger cars can be primarily credited to the mounting disposable income of people and the booming economy of developing countries, such as India and China. For example, the gross national disposable income of India grew from INR 1,73,15,933 crore in the financial year (FY) 2017–2018 to INR 1,92,37,943 crore in the FY 2018–2019.

In recent years, automotive anti-pinch window system manufacturers, such as Brose Fahrzeugteile GmbH & Co., Continental AG, Magna International Inc., Delphi Automotive PLC, and Robert Bosch GmbH, have focused on strategic partnerships and product launches to meet the needs of commercial vehicle and passenger car manufacturers. In contemporary times, luxury car manufacturers, such as Volvo, Mercedes-Benz, BMW, Audi, Tata Motors, General Motors, Lexus, Land Rover, Honda, and Hyundai, have become eminent users of such automotive products.

Globally, the European and North American regions collectively accounted for the majority of the share in the automotive anti-pinch power window system market in 2016. The dominance of these regions can be credited to the largescale vehicle production and export, hefty investments being made in the automotive industry, rapid technological advancements, and stringent vehicle safety norms in European and North American countries. The European Automobile Manufacturers’ Association (ACEA) states that member nations of the European Union (EU) manufactured 10.8 million passenger cars and 2.1 million commercial vehicles in 2020.

Therefore, the mounting vehicle safety concerns and the soaring passenger car production will accelerate the adoption of automotive anti-pinch power window systems in the coming years.

The Sweet Scent of Success: Unveiling Opportunities in the Cinnamaldehyde Market

The Population Division of the UN estimates that the global urban population grew from 4.28 billion in 2019 to 4.358 billion in 2020. Moreover, the UNDESA states that 55% of the world population was urban in 2018, and this will increase to around 66.66% by 2050. The surging urban population will facilitate the penetration of personal care products, especially among the middle-class population of Tier 2 and Tier 3 cities, owing to which the consumption of cinnamaldehyde will amplify in the coming years.

Additionally, the soaring aging population will drive the cinnamaldehyde market growth in the forthcoming years, on account of the burgeoning demand for cosmetics and personal care products among the elderly. Owing to the antibacterial and antifungal properties of this compound, it is being used in products utilized to fight tooth decay and bad breath, which are extremely common among the aging population. The UNDESA forecasts that the population of individuals aged 65 years or over will rise from 727 million in 2020 to approximately 1.5 billion by 2050.

Moreover, the rising income of people in developing countries will also facilitate the use of cinnamaldehyde in the foreseeable future. A high volume of this compound is used in food products, fragrance products, personal care items, and cosmetics, which are being consumed in large quantities in emerging economies, due to their growing income. For example, the OECD states that the gross national income per capita of Saudi Arabia, Brazil, and South Africa increased from $48,606 in 2017 to $49,497 in 2019, $14,324 in 2017 to $14,671 in 2018, and $12,781 in 2018 to $12,911 in 2019, respectively.

In recent years, the surging use of this naturally occurring chemical as an antimicrobial agent in the agriculture sector has become a prominent trend in the cinnamaldehyde market. Nowadays, the farming community is increasingly using cinnamaldehyde-based insecticides, due to their low toxicity. To cater to the demand for such insecticides, market players are exploring new ideas for the better commercialization of cinnamaldehyde-based pesticides. Additionally, this chemical has also proven to be effective in inhibiting the growth of foodborne pathogens in several food crops.

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Some of the dominant producers of cinnamaldehyde in recent times are Haihang Industry Co. Ltd., Finoric LLC, Payan Berthand S.A, Yingcheng Wuhan Organic Materials Co. Ltd., Kao Global Chemicals, Lanxess AG, ABI Chem, Jayshree Aromatics Pvt. Ltd., Mubychem Group, and Emerald Kalama Chemical LLC. These chemical companies use natural sources such as camphor and cassia, a Cinnamomum spice, and synthetic sources such as cinnamyl alcohol, acetaldehyde, and benzaldehyde to obtain cinnamaldehyde.

According to P&S Intelligence, the APAC region accounted for the largest share in the cinnamaldehyde market in the recent past, due to the boom in the population of China and India. The massive population serves as a huge customer base for personal care and cosmetic product, food and beverage, and pharmaceutical companies. Cinnamaldehyde is used as a flavoring agent in liquid refreshments, ice creams, chewing gums, and candies, and as an odor agent in cosmetics and personal care items.

Get More Details Cinnamaldehyde Market Opportunities Analysis

Clean Air and Optimal Performance: Analyzing the Growth and Applications in the Filters (Industrial and Automotive) Market

Just as lungs are to the human body, filters are to automobiles. Like other numerous parts, your automobile also depends on these filters for better performance. These filters screen the scums that could possibly hamper the performance of your vehicle.
These filters are a necessity if you want to put the medal on the pedal and want your car off and running. Your vehicle should be a showstopper and not something people laugh at. For this, you have to take care of your car’s filter.

So moving on we have-
Different types of car filters
All of the cars have mainly two types of filters: oil filter and air filter. The function of these filters is to block impurities from getting into the car. These filters need timely upkeep or cleaning to evade blockage. The blockage in the filter can hamper your car’s performance as; in that case, a passable amount of air-fuel mix will not reach the respective components.
Now let’s dive into a couple of vehicle filters.

Oil filter
An oil filter filters the physical impurities that are present in the engine oil. These filths can be in the form of metal pieces, dust particles, or any other sort of dust. Upon the working of a car engine, it has to go through all the wear and tear as a result of friction. This friction gives out cracked metal pieces, and if these are not filtered, they will additionally damage the engine by snowballing the frictional force.

When to change a car oil filter?
Well, it is not at all times possible to decide an exact time when it is the right time to get an oil filter changed. Oil filter change depends upon more than a few factors, like how frequently you drive, the type of land, and more.
Generally, air filters need to be replaced when a vehicle has run a distance between 10,000-15,000 km.

Air filter
The second filter is a crucial one for the breathability of the engine. As humans are reliant on oxygen on oxygen for life, the same is the case with any vehicle engine that depends on oxygen for its functioning. The air that spreads the engine requires to be free from all dust particles, pollens, or other pollutants.

Browse Full Report Filters (Industrial and Automotive) Market Historical Data & Forecasts

Industries Using Waste Heat Recovery Systems To Reduce Operating Costs

Waste heat is generated from the exhausts of fume incinerators, combustion engines, glass melting furnaces, and cooling water from furnaces and convective, conductive, and radiation heat losses from combustion engines and cement kilns. Waste heat is also generated from process off-gases. Heat losses in several industrial processes can be curtailed by using waste heat recovery systems. Such systems involve the capturing and reuse of waste heat for combustion air preheating, steam generation, load preheating, power generation, space heating, and waster preheating.

These end-use industries use waste recovery methods, such as waste heat wellsprings and waste recovery hardware, such as turbines, mechanical warming boilers, and heat recovery system generators (HRSGs), to meet their energy requirements. Waste heat wellsprings encompass the exchange of heat from hot gear outside and the release of hot burning gases to the environment. Waste heat can also be recovered by using mechanical heat recovery systems that include the capture and reuse of waste heat. Deployment of such systems helps in reducing operational expenses, energy consumption, and nursery gas and carbon dioxide (CO2) outflows in manufacturing facilities.

Waste heat recovery systems offered by Ormat Technologies, General Electric Company, Harbin Electric International Company Ltd., China Energy Recovery, Siemens AG, Amec Foster Wheeler PLC, Dongfang Electric Corporation, ABB Group, and Mitsubishi Hitachi Power Systems are used in pre-heating and steam and power generation applications in several end-use industries. In recent years, the soaring demand for the efficient use of available energy in order to facilitate climate protection and sustainable development, has resulted in the large-scale deployment of waste heat recovery systems in various industries.

Geographically, Europe emerged as the largest user of waste heat recovery systems in the recent past, due to the rising implementation of environmental policies aimed at curbing industrial harmful emissions in the continent. Whereas, Asia-Pacific (APAC) is expected to adopt waste heat recovery systems at the highest rate in the coming years, owing to the growth of the cement industry in the region. Moreover, the booming energy demand and toughening environmental protection regulations will also boost the usage of such systems in the region in the foreseeable future.

India Industrial Aerosol Market Driven by Extensive Government Support

The major drivers in the India industrial aerosol market are the skyrocketing investments in the research and development in the Indian manufacturing sector, extensive government support, and surging application of aerosolized products in automotive plants as well as garages and repair shops. Therefore, the sale of such products across the country will collectively fetch companies $115.85 million by 2030. The COVID-19 virus spread like wildfire, infecting millions worldwide. Because aerosols are heavily utilized in the form of paints, greases, lubricants, maintenance sprays, and cleaning products in the manufacturing sector, the demand for them was seriously impacted.

Spray paints are the most-significant application in the India industrial aerosol market share. This is largely due to the Indian population’s increased purchasing power, which is driving the demand for spray paints with an aerosol base in auto manufacturing facilities and in repair shops and garages. The spray paints category will potentially grow in the coming years because of the economic viability and versatility of spray paints. There is a rising utilization to re-spray or restore aviation and automotive components. Additionally, there is a surging application of spray paints to fill the scratches in industrial machinery.

The growth of the players in the India industrial aerosol market is essentially due to the uptick in the sales of quadricycles, two-wheelers, three-wheelers, commercial vehicles, and passenger cars. Moreover, there is a significant increase being observed in the count of vehicles produced, the Society of Indian Automobile Manufacturers says. Similarly, as per the IBEF research in 2020, car demand is predicted to increase owing to an increase in the youthful population and in the disposable income of the middle class, which would propel the demand for such products in the next years.

The manufacturing industry of the country is expanding robustly due to increased demand for consumer electronics and electronic appliances, as well as machinery and electrical equipment as per the IBEF. This will spur the India industrial aerosol market growth. Furthermore, according to government sources, substantial development has been noted in the beauty and cosmetics industry of the nation over the last several years as a result of growing per capita income, which is leading to increased personal expenditure.

The India industrial aerosol market has a fragmented nature with the existence of a large number of market players including Indian Aerosols Pvt. Ltd., Aerol Formulations Private Limited, Twin Tech India Pvt. Ltd., OKS Speciality Lubricants India, Renuka Multichem, S. S. Aerosols Pvt. Ltd., PRIME AEROSOLS, Zenith Spray And Aerosols Private Limited, Aerosol Specialities (India), and Pidilite Industries Limited to gain a competitive edge. The swift adoption of technologically advanced devices will create lucrative opportunities for the above-mentioned market players in a digitalized era.

Benzalkonium Chloride Market: Emerging Trends, Applications, and Growth Opportunities

Robust growth in the oil & gas and pharmaceutical industries will drive the benzalkonium chloride market at a CAGR of 9.6% during the forecast period (2020–2030). The market was valued at $525.0 million in 2019 and it is projected to reach $1,301.1 million by 2030. The pharmaceutical sector consumes high volume of benzalkonium chloride, as it serves as an antiseptic, antimicrobial preservative, wetting agent, solubilizing agent, and disinfectant. Moreover, affordability of healthcare services, hefty investments by governments in the sector, and rise in disposable income boost the demand for benzalkonium chloride.

Key factor driving the benzalkonium chloride market is the growth in the oil & gas industry. According to the Association of Oil & Gas Producers (IOGP), the global demand for oil and gas significantly increased in the past decade. Further, the U.S. Energy Information Administration (EIA) stated that the global consumption of petroleum and related liquids stood at 101.2 million barrels per day in 2019. Hence, the escalating consumption of oil and gas has fueled their production, which has accelerated the sales of benzalkonium chloride, as it is used as a biocorrosion inhibitor.

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Categories under the application segment of the benzalkonium chloride market include eye, ear, and nasal drops, shampoos, spermicidal creams, disinfectants, hand sanitizers, coatings, timber protection chemicals, water treatment chemicals, and aquaculture chemicals. Amongst these, the disinfectants category held the largest market share in 2019 and it is expected to retain its position during the forecast period. This can be ascribed to the rising incidence of hospital-acquired infections (HAIs) and the implementation of stringent regulations regarding the utilization of surface disinfectants in pharmaceutical and biotechnology labs, hospitals, diagnostic labs, and research labs.

North America generated the highest revenue in the benzalkonium chloride market in 2019, owing to the booming opportunities for oilfield equipment manufacturers in the region. The region is also expected to lead the market during the forecast period, due to the rise in exploration and production (E&P) activities and the increase in investments in the oil & gas industry. Moreover, the U.S. is expected to be the leading consumer of this chemical in North America in the coming years.

Whereas, Asia-Pacific (APAC) will demonstrate the fastest growth in the forecast period. This growth will be primarily supported by rapid development of the chemical industry in APAC countries. In recent years, the region has emerged as a hub for chemical exporters that have attracted major chemical companies to invest heavy amounts in the industry, especially in Malaysia, India, and Vietnam. For example, in April 2020, the manufacturer of the Dettol disinfectant— Reckitt Benckiser announced its plan to set up a production unit for Dettol in Taicang, Jiangsu province, China.

Presently, the benzalkonium chloride market is consolidated in nature, with the presence of a handful of key players like Novo Nordisk Pharmatech A/S, Dishman Group, Merck KGaA, and KLK Oleo. The market is led by Novo Nordisk Pharmatech A/S, due to its rising focus on tapping new applications. The company offers benzalkonium chloride to be used as a preservative and active pharmaceutical ingredient in creams, ointments, antiseptic agents, personal care products, wound care products, ophthalmic products, and oral, topical, and nasal drugs.

Driving Intelligence: A Comprehensive Analysis of the Global Connected Car Market

In layman terms, cars that you can connect to the internet via a wireless local area network are known as connected cars to make your life simpler. For example, you can remotely control some applications through a mobile phone and can communicate with other products. Moreover, they enable you to have real-time information and link your car with alert emergency services and dealerships in case of accidents.

What Are the Advantages of Connected Cars?

A connected car contains a range of innovative and appropriate specifications providing a range of advantages.

Provides accessibility to a range of infotainment facilities
Helps navigation system through third-party applications
Comprises up-to-date safety features to guarantee the finest road safety
Enhanced security features keep track of the car even when you are not driving it
Enables remote accessibility to a variety of functions

Such security alterations will support you in avoiding filing frequent claims against your car insurance rule. By following this method, you can also decrease your premium cost, because of the no-claim bonus facility. Connected car industry is experiencing growth and it is projected to reach USD 245,739 million by 2030.

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Working on Connected Cars

Automobile engineering businesses employ 2 systems in connected cars –

Embedded connected vehicle technology is armed with an incorporated antenna and a chipset.
Tethered system is armed with hardware that aids in connecting the driver’s mobile phone with his/her vehicle.

Additionally, a connected car can convey data, connect with other devices and provide Wi-Fi connection to the passengers and driver. Connected technology also can access telematics and is recognized to be suggestively beneficial for EVs.

Features of Connected Cars

Security

Connected cars recommend controlled driving speed and distance to caution against any problematic condition. Additionally, in a premium connected car, you can find parking sensors coupled with rear-view cameras. In many cars sensors are also deployed to measure air pressure and inform the driver.

Traffic Management

Almost all modern cars are armed with fixed GPS devices. Such devices aid with real-time traffic information to the drivers and passengers through wireless internet connections or Bluetooth. Therefore, you can dodge traffic and reach your destination on time.

V2V Communication

Coupled with vehicle-to-vehicle connectivity supports connected vehicles to communicate with one another. This shares vital information, such as speed limits traffic movement, road conditions, and other details.

Environmental-Friendly

Till today, a huge number of cars function on fuel, growing carbon emissions significantly. In this respect, a connected automobile is an improved alternative. It offers real-time information on people commuting your way waiting for a ride. Thus, you can give them a ride to bring down the carbon emission rate.

Services

Specialists forecast that connected cars will further provide a unified experience. Service stations will remotely inspect your car. The car will notify you regarding nearby parking spaces. Furthermore, enhanced driver support systems will lessen the burdens of driving, and your motor will give you information regarding hotels or restaurants between your route. Also, an electric-connected car notifies about the nearest charging points.

Charging into the Future: An In-Depth Analysis of the Global Electric Vehicle Supply Equipment Market

From $3,897.5 million in 2022, the electric vehicle supply equipment market value is projected to rise by 11.7% from 2022 to 2030, ultimately reaching $9,426.2 million, forecasts P&S Intelligence.

The growth can be credited to the increasing need for e-vehicles, government initiatives to fuel EVSE installation, and rising pollution levels. For example, China set up approximately 87,000 electric vehicle charging stations in May 2022 alone, driven by the need to clean up the air.

AC Chargers Are More Common Globally

The alternating current charger category is leading the industry. Such chargers are extensively accepted for day-to-day charging as they are less costly during installation, operation, and production.

Moreover, since they take 8–9 hours to fully charge an average EV battery, AC chargers are widely preferred by individuals for the overnight charging of their automobiles at their homes.

Number of Public Charging Stations To Grow at Higher Pace

On the basis of application, the public category is projected to grow with the higher CAGR, of approximately 12%, in the years to come. This can be ascribed to the strong commitments by governments, manufacturers, and automakers to enhance the EV charging infrastructure in numerous countries.

Currently, private chargers outnumber those accessible to the general public. This is because most EV owners prefer to have chargers, majorly the slow AC variants, at their homes, partially because the number of publicly accessible chargers is grossly low compared to the demand.

APAC Is Largest Revenue Generator

APAC is the biggest revenue contributor to the market, and it is projected to continue its dominance, with a worth of $4 billion by 2030. This is due to the increasing pace of technological enhancements and snowballing government and private expenditure for charging infrastructure betterment in the region.

Furthermore, the growing environmental concerns and declining TCO of EVs are propelling the demand for electric vehicle supply equipment in the region.

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