Automobile industry research report,car leasing no deposit free insurance,scrap car value toronto,auto insurance jamaica - For Begninners

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Learn the biggest trends in the auto industry in this guide put together by Auto Enthusiast Gennady Barsky.
The research methodology used in the report involves various secondary sources including encyclopedias, directories, and databases to identify and collect information useful for an extensive, commercial market study. This study covers different stakeholders including composite material producers, raw material suppliers for automotive components, automotive component manufacturers, automotive original equipment manufacturers (OEM), research institutes and government organizations, traders, distributors and suppliers of composite materials, the automobile industry as an end-use industry and regional automobile associations, and manufacturers of rolling stock & locomotives, among others. The target audience of the study includes manufacturers of automotive composite materials, raw material suppliers of the composite materials, original equipment manufacturers (OEMs), dealers and distributors of automotive composite components, and Industry associations. With the given market data, MarketsandMarkets offers customizations in accordance with company-specific needs. The highest growing application in terms of value for composite materials in the automotive sector is structural components. In terms of composite materials used in the automobiles, the polymer matrix composite (PMC) materials is the largest market followed by metal matrix composites (MMC). The automotive industry in Asia-Oceania has emerged as a hub for automotive production in recent times, given the changing end-user preferences, increasing per capita income of the middle class population, and cost advantages for OEMs. In North America and Europe, stringent EPA standards and Euro norms have led to an increased use for polymer matrix composites in vehicle applications. Some of the major restraints considered in the study are the technological constraints and the high cost of these materials.
Brussels, 28 July 2016 – In June 2016, demand for new commercial vehicles in the EU increased (+13.3%) for the 18th consecutive month, totalling 223,519 units. Last year the EU automobile industry exported more than 6.2 million vehicles, generating a positive trade balance for Europe in excess of €100 billion.

The European Automobile Manufacturers' Association (ACEA) represents the 15 Europe-based car, van, truck and bus makers. The primary sources–experts from related industries and suppliers–have been interviewed to obtain and verify critical information as well as to assess the future prospects of the automotive composite materials market. Government regulations and mandates regarding fuel efficiency, rising demand for fuel efficient vehicles, and major OEMs partnering with composite material manufacturers are some of the drivers fueling growth in sales of automotive composite materials globally. The polymer matrix composite is the major material which is used in this application due to its high strength and lightweight properties.
The advancements in manufacturing technologies of these materials has increased their penetration in the growing markets including India and China which are also the largest vehicle producing countries. Technological constraints, such as difficulty in manufacturing metal matrix such as magnesium and its alloys to suit a specific need, have been hindering the market growth of these materials.
The company is vigorously expanding across the globe to strengthen its foothold in the market. The report segments the automotive composite materials market into different materials types, namely, polymer matrix composites (PMC), metal matrix composites (CMC), and ceramic matrix composites (CMC). The bottom-up approach has been used to estimate and validate the size of the global market.
Structural application is followed by the powertrain application where due to the advancements in powertrain technologies, the use of composite materials has increased to a great extent. The growth in the MMC materials is mainly due to the high strength and lightweight properties of this material.
Factors such as low production cost, availability of economic labor, lenient emission and safety norms, and government initiatives for foreign direct investment (FDI), have resulted in substantial growth for the automotive industry in the region. The study also covers various applications and their subcomponents in the report namely, structural (chassis and body-in-white), powertrain (engine, suspension, and others), interiors (dash board, door panel, and others), exteriors (door module, hood, bumper, and others), and other applications (switches & modules and other electrical components).

In this approach, country-level, vehicle type-wise production statistics has been taken into account, which is then correlated with average vehicle weight & share of lightweight materials in the overall weight. Apart from these properties, the low cost as compared to PMC is one of the major drivers for the increasing MMC market.
The rise in automotive production is positively impacting the automotive composite materials market in the region.
On the other hand, the high cost of materials such as carbon and glass fiber reinforced composites, are hindering extensive usage of these materials. Along with this, company expanded its production facilities in France, Japan, and Thailand.
Of all the different composite materials used to manufacture automobile components, PMC is the most widely used, as polymer composites can directly reduce the weight of a vehicle body and chassis by up to 50%, which subsequently reduces the vehicle’s fuel consumption. This country-level market size, in terms of volume, of composite materials for each vehicle type is then multiplied with the country-level average OE price (AOP) of composite materials required for each material type.
Hence, the adoption of CFRP is restricted to high-end cars, such as Bugatti, BMW, McLaren, and racing cars. The summation of the country-level market gives the regional market and further summation of the regional market provides the global automotive composite materials market.

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28.06.2014 admin

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