Automotive Belts Market
Explore How Automotive Belts are Responsible for Overall Performance of the Vehicle: Deep-Dive with FMI Analysis!
Automotive Belts Market by Type, Vehicle Type, Sales Channel & Region - Forecast 2022-2032
Automotive Belts Market Outlook (2022-2032)
[342 Pages Report] According to FMI analysis, the global automotive belt market is poised to grow at a CAGR of 3.9% during the forecast period. This is expected to exceed US$ 13,902.6 million in 2022 to reach US$ 20,473.5 million in 2032.
An automotive drive belt conveys power from the engine to systems such as the air compressor, air conditioner and cooling pump. To enhance strength, withstand high temperatures, and maintain a rigid shape, these belts are constructed from synthetic rubber products, such as chloroprene, neoprene, and ethylene propylene diene monomer rubber (EPDM rubber).
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Report Attribute |
Details |
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Automotive Belts Market Value (2022) |
US$ 13,902.6 million |
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Automotive Belts Market Anticipated Forecast Value (2032) |
US$ 20,473.5 million |
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Automotive Belts Market Projected Growth Rate (2022-2032) |
3.9% |
In comparison with other forms of power transmission, drive belts offer a superior combination of flexibility. Due to the environmental protection agency's initiative to reduce greenhouse gas emissions and control pollution, automotive vehicle manufacturers are producing highly efficient and less polluting engines. This requires precision and long-lasting automotive belts.
Furthermore, drive belts are cost-effective, require little space, and are easy to install and maintain, which is why most automakers incorporate drive belts for power transmission in their vehicles.
Moreover, several factors contribute to the growth of the market, including the rising demand for passenger cars, light commercial vehicles, and heavy commercial vehicles. Additionally, the increasing awareness of vehicle safety and the increasing penetration of advanced technologies are also influencing the market growth. Additionally, the short replacement intervals of automotive belts may play a key role in driving market growth.
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What are the Market Dynamics for Automotive Belts?
Four Wheels That are Driving Automotive Belts Market:
- Advancement in Technology: Innovations in technology are resulting in technological advancements in terms of product design and the materials used in automotive belt manufacturing.
- Stringent Emission Norms: Governments across the globe are implementing stringent emission norms, which are pushing automakers to adopt advanced technologies and components, such as automotive belts, in their vehicles.
- Rise in Demand for Utility Vehicles: Demand for E-class, crossovers, SUVs, and hatchbacks is driving passenger vehicle segment growth, which in turn is pushing automotive belt sales higher. There is an increase in demand for utility vehicles in highly populated countries like China, India, and Brazil.
- Increase in Disposable Income: Consumption of luxury items such as automobiles has increased due to the rising disposable income, thereby propelling the global automotive belt market forward.
Major Restrain for Automotive Belts Market:
- In the coming years, increasing adoption of electric vehicles and inclination towards beltless engines are likely to obstruct the growth of the global automotive belt market.
Major Opportunity for Automotive Belts Market:
- Automotive belts work through friction between the pulley and the belt. As a result of continuous use, this friction can wear and tear, resulting in decreased performance, engine efficiency, and slippage. Often, this issue is remedied by replacing the belt, which drives the aftermarket segment and generates a global opportunity for automotive belt manufacturers.
Regional Insights
How is North America Performing in the Global Automotive Belts Market?
As a result of technological innovations, vehicles with improved performance characteristics are accounting for nearly 16.7% of North American demand. These include enhanced safety features, better fuel economy, and reduced noise levels as compared to their conventional counterparts.
The automotive belt market in this region is expected to witness higher demand due to increased automobile production in the U.S. and growing vehicle maintenance spending by consumers. Apart from this, the U.S. is likely to contribute significantly to the growth of the automotive belts market in the North American region during the forecast period.
How is Europe Performing in the Automotive Belts Market?
Market share in Europe is estimated at 24.9% in 2022, and it is expected to continue growing due to stringent emission standards and improving fuel economy standards set by ETA (European Technical Advisory Group).
How is the Asia Pacific Leading the Automotive Belts Market?
According to the FMI Analysis, Asia Pacific is heading for the most rapid growth, thanks to higher per capita incomes, booming vehicle sales, and favourable government regulations. A huge domestic market and a strong manufacturing base for automotive components will give China an edge over its regional counterparts.
Additionally, India has been a long-time leader in the sale and manufacturing of three-wheelers worldwide. There are several key automotive drive belt producers in India, including Bajaj Auto, Mahindra & Mahindra, Piaggio, and Atul, which indicates a promising market for automotive drive belts. Three-wheelers use drive belts to transmit engine power to their wheels.
Nikhil Kaitwade
Principal Consultant
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How is the Start-up Ecosystem in the Automotive Belts Market?
To meet the increasing standards of the automotive industry, companies have begun investing in the production of more advanced materials for belts, as lightweight and fuel-efficient vehicles become more popular.
For instance, Nichirin Co. Ltd constructed a new plant for the manufacturing of automobile belts and hoses together with the Chinese joint venture partner, Shanghai Beicai Industry Co. Ltd. To meet the growing demand in the Asia-Pacific automotive market, the company plans to expand its production facility in Indonesia and Vietnam.
Automotive Belts Market: Competitive Landscape
The automotive belts market is currently witnessing several strategic collaboration and partnership activities by manufacturers and productions.
Recent Developments in the Automotive Belts Market
- Continental AG announced the opening of its new Powertrain plant in Wuhu, China in July 2019. For land and buildings, the investment amounts to nearly EUR 28 million.
Who are the Key Players in the Automotive Belts Market?
- Gates Corporation
- Midas International Corporation
- Mitsuboshi Belting Ltd. Group
- Helicord Transmissions Pvt. Ltd.
- B&B Manufacturing
- The Carlstar Group LLC
- Continental AG
- Bearings and Power Transmission Solutions
- CRP Industries Inc.
- BG Automotive
- Hutchinson Group
- Bando Chemical Industries Ltd.
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Report Scope
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Report Attribute |
Details |
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Growth Rate |
CAGR of 3.9% from 2022 to 2032 |
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Base Year for Estimation |
2022 |
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Historical Data |
2016-2021 |
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Forecast Period |
2022-2032 |
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Quantitative Units |
Revenue in US$ Million and CAGR from 2022-2032 |
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Report Coverage |
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization |
Available Upon Request |
Key Segments Profiled in the Automotive Belts Market Survey
By Type:
- Drive Belts
- Timing Belts
- Single V-Belt
- Multifunctional V-Belt
By Vehicle Type:
- Passenger Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicles
By Sales Channel:
- Original Equipment Manufacturer
- Aftermarket
By Region:
- North America
- Latin America
- The Asia Pacific
- MEA
- Europe
Frequently Asked Questions
How Fast is the Automotive Belts Market Growing?
The automotive belt market is projected to grow at a CAGR of 3.9% from 2022 to 2032.
What is the Growth Potential of the Automotive Belts Market?
The automotive belt market is expected to reach US$ 20,473.5 Mn by 2032.
Which Region is Leading the Global Automotive Belts Market?
The Asia Pacific is leading the global automotive belt market.
What is the Size of the Automotive Belts Market?
The size of the automotive belt market is expected to grow by US$ 13,902.6 Mn in 2022.
Table of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Vehicle Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Vehicle Type, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Vehicle Type, 2022-2032 5.3.1. Passenger vehicles 5.3.2. Light Commercial vehicles 5.3.3. Heavy Commercial vehicles 5.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2017-2021 5.5. Absolute $ Opportunity Analysis By Vehicle Type, 2022-2032 6. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Sales Channel 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Sales Channel, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Sales Channel, 2022-2032 6.3.1. Original Equipment Manufacturer 6.3.2. Aftermarket 6.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2017-2021 6.5. Absolute $ Opportunity Analysis By Sales Channel, 2022-2032 7. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Type, 2017-2021 7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Type, 2022-2032 7.3.1. Timing Belts 7.3.2. Drive Belts 7.3.3. Single V-Belt 7.3.4. Multi-function V-Belt/Serpentine Belt 7.4. Y-o-Y Growth Trend Analysis By Type, 2017-2021 7.5. Absolute $ Opportunity Analysis By Type, 2022-2032 8. Global Market Analysis 2017-2021 and Forecast 2022-2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021 8.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. U.S. 9.2.1.2. Canada 9.2.2. By Vehicle Type 9.2.3. By Sales Channel 9.2.4. By Type 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Vehicle Type 9.3.3. By Sales Channel 9.3.4. By Type 9.4. Key Takeaways 10. Latin America Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Vehicle Type 10.2.3. By Sales Channel 10.2.4. By Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Vehicle Type 10.3.3. By Sales Channel 10.3.4. By Type 10.4. Key Takeaways 11. Europe Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. U.K. 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Vehicle Type 11.2.3. By Sales Channel 11.2.4. By Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Vehicle Type 11.3.3. By Sales Channel 11.3.4. By Type 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Malaysia 12.2.1.5. Singapore 12.2.1.6. Australia 12.2.1.7. New Zealand 12.2.1.8. Rest of APAC 12.2.2. By Vehicle Type 12.2.3. By Sales Channel 12.2.4. By Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Vehicle Type 12.3.3. By Sales Channel 12.3.4. By Type 12.4. Key Takeaways 13. MEA Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of MEA 13.2.2. By Vehicle Type 13.2.3. By Sales Channel 13.2.4. By Type 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Vehicle Type 13.3.3. By Sales Channel 13.3.4. By Type 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. U.S. 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Vehicle Type 14.1.2.2. By Sales Channel 14.1.2.3. By Type 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Vehicle Type 14.2.2.2. By Sales Channel 14.2.2.3. By Type 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Vehicle Type 14.3.2.2. By Sales Channel 14.3.2.3. By Type 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Vehicle Type 14.4.2.2. By Sales Channel 14.4.2.3. By Type 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Vehicle Type 14.5.2.2. By Sales Channel 14.5.2.3. By Type 14.6. U.K. 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Vehicle Type 14.6.2.2. By Sales Channel 14.6.2.3. By Type 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Vehicle Type 14.7.2.2. By Sales Channel 14.7.2.3. By Type 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Vehicle Type 14.8.2.2. By Sales Channel 14.8.2.3. By Type 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Vehicle Type 14.9.2.2. By Sales Channel 14.9.2.3. By Type 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Vehicle Type 14.10.2.2. By Sales Channel 14.10.2.3. By Type 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Vehicle Type 14.11.2.2. By Sales Channel 14.11.2.3. By Type 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Vehicle Type 14.12.2.2. By Sales Channel 14.12.2.3. By Type 14.13. Malaysia 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Vehicle Type 14.13.2.2. By Sales Channel 14.13.2.3. By Type 14.14. Singapore 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Vehicle Type 14.14.2.2. By Sales Channel 14.14.2.3. By Type 14.15. Australia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Vehicle Type 14.15.2.2. By Sales Channel 14.15.2.3. By Type 14.16. New Zealand 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Vehicle Type 14.16.2.2. By Sales Channel 14.16.2.3. By Type 14.17. GCC Countries 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Vehicle Type 14.17.2.2. By Sales Channel 14.17.2.3. By Type 14.18. South Africa 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2021 14.18.2.1. By Vehicle Type 14.18.2.2. By Sales Channel 14.18.2.3. By Type 14.19. Israel 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2021 14.19.2.1. By Vehicle Type 14.19.2.2. By Sales Channel 14.19.2.3. By Type 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Vehicle Type 15.3.3. By Sales Channel 15.3.4. By Type 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Gates Corporation 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Midas International Corporation 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Bando Chemical Industries Ltd. 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Helicord Transmissions Pvt. Ltd. 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. B&B Manufacturing 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. The Carlstar Group LLC 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. Continental AG 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. Hutchinson Group 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. CRP Industries Inc 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. BG Automotive 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Mn) Forecast by Region, 2017-2032 Table 2: Global Market Volume (Units) Forecast by Region, 2017-2032 Table 3: Global Market Value (US$ Mn) Forecast by Vehicle Type, 2017-2032 Table 4: Global Market Volume (Units) Forecast by Vehicle Type, 2017-2032 Table 5: Global Market Value (US$ Mn) Forecast by Sales Channel, 2017-2032 Table 6: Global Market Volume (Units) Forecast by Sales Channel, 2017-2032 Table 7: Global Market Value (US$ Mn) Forecast by Type, 2017-2032 Table 8: Global Market Volume (Units) Forecast by Type, 2017-2032 Table 9: North America Market Value (US$ Mn) Forecast by Country, 2017-2032 Table 10: North America Market Volume (Units) Forecast by Country, 2017-2032 Table 11: North America Market Value (US$ Mn) Forecast by Vehicle Type, 2017-2032 Table 12: North America Market Volume (Units) Forecast by Vehicle Type, 2017-2032 Table 13: North America Market Value (US$ Mn) Forecast by Sales Channel, 2017-2032 Table 14: North America Market Volume (Units) Forecast by Sales Channel, 2017-2032 Table 15: North America Market Value (US$ Mn) Forecast by Type, 2017-2032 Table 16: North America Market Volume (Units) Forecast by Type, 2017-2032 Table 17: Latin America Market Value (US$ Mn) Forecast by Country, 2017-2032 Table 18: Latin America Market Volume (Units) Forecast by Country, 2017-2032 Table 19: Latin America Market Value (US$ Mn) Forecast by Vehicle Type, 2017-2032 Table 20: Latin America Market Volume (Units) Forecast by Vehicle Type, 2017-2032 Table 21: Latin America Market Value (US$ Mn) Forecast by Sales Channel, 2017-2032 Table 22: Latin America Market Volume (Units) Forecast by Sales Channel, 2017-2032 Table 23: Latin America Market Value (US$ Mn) Forecast by Type, 2017-2032 Table 24: Latin America Market Volume (Units) Forecast by Type, 2017-2032 Table 25: Europe Market Value (US$ Mn) Forecast by Country, 2017-2032 Table 26: Europe Market Volume (Units) Forecast by Country, 2017-2032 Table 27: Europe Market Value (US$ Mn) Forecast by Vehicle Type, 2017-2032 Table 28: Europe Market Volume (Units) Forecast by Vehicle Type, 2017-2032 Table 29: Europe Market Value (US$ Mn) Forecast by Sales Channel, 2017-2032 Table 30: Europe Market Volume (Units) Forecast by Sales Channel, 2017-2032 Table 31: Europe Market Value (US$ Mn) Forecast by Type, 2017-2032 Table 32: Europe Market Volume (Units) Forecast by Type, 2017-2032 Table 33: Asia Pacific Market Value (US$ Mn) Forecast by Country, 2017-2032 Table 34: Asia Pacific Market Volume (Units) Forecast by Country, 2017-2032 Table 35: Asia Pacific Market Value (US$ Mn) Forecast by Vehicle Type, 2017-2032 Table 36: Asia Pacific Market Volume (Units) Forecast by Vehicle Type, 2017-2032 Table 37: Asia Pacific Market Value (US$ Mn) Forecast by Sales Channel, 2017-2032 Table 38: Asia Pacific Market Volume (Units) Forecast by Sales Channel, 2017-2032 Table 39: Asia Pacific Market Value (US$ Mn) Forecast by Type, 2017-2032 Table 40: Asia Pacific Market Volume (Units) Forecast by Type, 2017-2032 Table 41: MEA Market Value (US$ Mn) Forecast by Country, 2017-2032 Table 42: MEA Market Volume (Units) Forecast by Country, 2017-2032 Table 43: MEA Market Value (US$ Mn) Forecast by Vehicle Type, 2017-2032 Table 44: MEA Market Volume (Units) Forecast by Vehicle Type, 2017-2032 Table 45: MEA Market Value (US$ Mn) Forecast by Sales Channel, 2017-2032 Table 46: MEA Market Volume (Units) Forecast by Sales Channel, 2017-2032 Table 47: MEA Market Value (US$ Mn) Forecast by Type, 2017-2032 Table 48: MEA Market Volume (Units) Forecast by Type, 2017-2032
Nikhil Kaitwade
Principal Consultant
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Find your sweet spots for generating winning opportunities in this market.
Talk to AnalystList of Charts
Figure 1: Global Market Value (US$ Mn) by Vehicle Type, 2022-2032 Figure 2: Global Market Value (US$ Mn) by Sales Channel, 2022-2032 Figure 3: Global Market Value (US$ Mn) by Type, 2022-2032 Figure 4: Global Market Value (US$ Mn) by Region, 2022-2032 Figure 5: Global Market Value (US$ Mn) Analysis by Region, 2017-2032 Figure 6: Global Market Volume (Units) Analysis by Region, 2017-2032 Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2022-2032 Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2022-2032 Figure 9: Global Market Value (US$ Mn) Analysis by Vehicle Type, 2017-2032 Figure 10: Global Market Volume (Units) Analysis by Vehicle Type, 2017-2032 Figure 11: Global Market Value Share (%) and BPS Analysis by Vehicle Type, 2022-2032 Figure 12: Global Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022-2032 Figure 13: Global Market Value (US$ Mn) Analysis by Sales Channel, 2017-2032 Figure 14: Global Market Volume (Units) Analysis by Sales Channel, 2017-2032 Figure 15: Global Market Value Share (%) and BPS Analysis by Sales Channel, 2022-2032 Figure 16: Global Market Y-o-Y Growth (%) Projections by Sales Channel, 2022-2032 Figure 17: Global Market Value (US$ Mn) Analysis by Type, 2017-2032 Figure 18: Global Market Volume (Units) Analysis by Type, 2017-2032 Figure 19: Global Market Value Share (%) and BPS Analysis by Type, 2022-2032 Figure 20: Global Market Y-o-Y Growth (%) Projections by Type, 2022-2032 Figure 21: Global Market Attractiveness by Vehicle Type, 2022-2032 Figure 22: Global Market Attractiveness by Sales Channel, 2022-2032 Figure 23: Global Market Attractiveness by Type, 2022-2032 Figure 24: Global Market Attractiveness by Region, 2022-2032 Figure 25: North America Market Value (US$ Mn) by Vehicle Type, 2022-2032 Figure 26: North America Market Value (US$ Mn) by Sales Channel, 2022-2032 Figure 27: North America Market Value (US$ Mn) by Type, 2022-2032 Figure 28: North America Market Value (US$ Mn) by Country, 2022-2032 Figure 29: North America Market Value (US$ Mn) Analysis by Country, 2017-2032 Figure 30: North America Market Volume (Units) Analysis by Country, 2017-2032 Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2022-2032 Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2022-2032 Figure 33: North America Market Value (US$ Mn) Analysis by Vehicle Type, 2017-2032 Figure 34: North America Market Volume (Units) Analysis by Vehicle Type, 2017-2032 Figure 35: North America Market Value Share (%) and BPS Analysis by Vehicle Type, 2022-2032 Figure 36: North America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022-2032 Figure 37: North America Market Value (US$ Mn) Analysis by Sales Channel, 2017-2032 Figure 38: North America Market Volume (Units) Analysis by Sales Channel, 2017-2032 Figure 39: North America Market Value Share (%) and BPS Analysis by Sales Channel, 2022-2032 Figure 40: North America Market Y-o-Y Growth (%) Projections by Sales Channel, 2022-2032 Figure 41: North America Market Value (US$ Mn) Analysis by Type, 2017-2032 Figure 42: North America Market Volume (Units) Analysis by Type, 2017-2032 Figure 43: North America Market Value Share (%) and BPS Analysis by Type, 2022-2032 Figure 44: North America Market Y-o-Y Growth (%) Projections by Type, 2022-2032 Figure 45: North America Market Attractiveness by Vehicle Type, 2022-2032 Figure 46: North America Market Attractiveness by Sales Channel, 2022-2032 Figure 47: North America Market Attractiveness by Type, 2022-2032 Figure 48: North America Market Attractiveness by Country, 2022-2032 Figure 49: Latin America Market Value (US$ Mn) by Vehicle Type, 2022-2032 Figure 50: Latin America Market Value (US$ Mn) by Sales Channel, 2022-2032 Figure 51: Latin America Market Value (US$ Mn) by Type, 2022-2032 Figure 52: Latin America Market Value (US$ Mn) by Country, 2022-2032 Figure 53: Latin America Market Value (US$ Mn) Analysis by Country, 2017-2032 Figure 54: Latin America Market Volume (Units) Analysis by Country, 2017-2032 Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2022-2032 Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022-2032 Figure 57: Latin America Market Value (US$ Mn) Analysis by Vehicle Type, 2017-2032 Figure 58: Latin America Market Volume (Units) Analysis by Vehicle Type, 2017-2032 Figure 59: Latin America Market Value Share (%) and BPS Analysis by Vehicle Type, 2022-2032 Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022-2032 Figure 61: Latin America Market Value (US$ Mn) Analysis by Sales Channel, 2017-2032 Figure 62: Latin America Market Volume (Units) Analysis by Sales Channel, 2017-2032 Figure 63: Latin America Market Value Share (%) and BPS Analysis by Sales Channel, 2022-2032 Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Sales Channel, 2022-2032 Figure 65: Latin America Market Value (US$ Mn) Analysis by Type, 2017-2032 Figure 66: Latin America Market Volume (Units) Analysis by Type, 2017-2032 Figure 67: Latin America Market Value Share (%) and BPS Analysis by Type, 2022-2032 Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Type, 2022-2032 Figure 69: Latin America Market Attractiveness by Vehicle Type, 2022-2032 Figure 70: Latin America Market Attractiveness by Sales Channel, 2022-2032 Figure 71: Latin America Market Attractiveness by Type, 2022-2032 Figure 72: Latin America Market Attractiveness by Country, 2022-2032 Figure 73: Europe Market Value (US$ Mn) by Vehicle Type, 2022-2032 Figure 74: Europe Market Value (US$ Mn) by Sales Channel, 2022-2032 Figure 75: Europe Market Value (US$ Mn) by Type, 2022-2032 Figure 76: Europe Market Value (US$ Mn) by Country, 2022-2032 Figure 77: Europe Market Value (US$ Mn) Analysis by Country, 2017-2032 Figure 78: Europe Market Volume (Units) Analysis by Country, 2017-2032 Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2022-2032 Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2022-2032 Figure 81: Europe Market Value (US$ Mn) Analysis by Vehicle Type, 2017-2032 Figure 82: Europe Market Volume (Units) Analysis by Vehicle Type, 2017-2032 Figure 83: Europe Market Value Share (%) and BPS Analysis by Vehicle Type, 2022-2032 Figure 84: Europe Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022-2032 Figure 85: Europe Market Value (US$ Mn) Analysis by Sales Channel, 2017-2032 Figure 86: Europe Market Volume (Units) Analysis by Sales Channel, 2017-2032 Figure 87: Europe Market Value Share (%) and BPS Analysis by Sales Channel, 2022-2032 Figure 88: Europe Market Y-o-Y Growth (%) Projections by Sales Channel, 2022-2032 Figure 89: Europe Market Value (US$ Mn) Analysis by Type, 2017-2032 Figure 90: Europe Market Volume (Units) Analysis by Type, 2017-2032 Figure 91: Europe Market Value Share (%) and BPS Analysis by Type, 2022-2032 Figure 92: Europe Market Y-o-Y Growth (%) Projections by Type, 2022-2032 Figure 93: Europe Market Attractiveness by Vehicle Type, 2022-2032 Figure 94: Europe Market Attractiveness by Sales Channel, 2022-2032 Figure 95: Europe Market Attractiveness by Type, 2022-2032 Figure 96: Europe Market Attractiveness by Country, 2022-2032 Figure 97: Asia Pacific Market Value (US$ Mn) by Vehicle Type, 2022-2032 Figure 98: Asia Pacific Market Value (US$ Mn) by Sales Channel, 2022-2032 Figure 99: Asia Pacific Market Value (US$ Mn) by Type, 2022-2032 Figure 100: Asia Pacific Market Value (US$ Mn) by Country, 2022-2032 Figure 101: Asia Pacific Market Value (US$ Mn) Analysis by Country, 2017-2032 Figure 102: Asia Pacific Market Volume (Units) Analysis by Country, 2017-2032 Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022-2032 Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022-2032 Figure 105: Asia Pacific Market Value (US$ Mn) Analysis by Vehicle Type, 2017-2032 Figure 106: Asia Pacific Market Volume (Units) Analysis by Vehicle Type, 2017-2032 Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Vehicle Type, 2022-2032 Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022-2032 Figure 109: Asia Pacific Market Value (US$ Mn) Analysis by Sales Channel, 2017-2032 Figure 110: Asia Pacific Market Volume (Units) Analysis by Sales Channel, 2017-2032 Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Sales Channel, 2022-2032 Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Sales Channel, 2022-2032 Figure 113: Asia Pacific Market Value (US$ Mn) Analysis by Type, 2017-2032 Figure 114: Asia Pacific Market Volume (Units) Analysis by Type, 2017-2032 Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Type, 2022-2032 Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Type, 2022-2032 Figure 117: Asia Pacific Market Attractiveness by Vehicle Type, 2022-2032 Figure 118: Asia Pacific Market Attractiveness by Sales Channel, 2022-2032 Figure 119: Asia Pacific Market Attractiveness by Type, 2022-2032 Figure 120: Asia Pacific Market Attractiveness by Country, 2022-2032 Figure 121: MEA Market Value (US$ Mn) by Vehicle Type, 2022-2032 Figure 122: MEA Market Value (US$ Mn) by Sales Channel, 2022-2032 Figure 123: MEA Market Value (US$ Mn) by Type, 2022-2032 Figure 124: MEA Market Value (US$ Mn) by Country, 2022-2032 Figure 125: MEA Market Value (US$ Mn) Analysis by Country, 2017-2032 Figure 126: MEA Market Volume (Units) Analysis by Country, 2017-2032 Figure 127: MEA Market Value Share (%) and BPS Analysis by Country, 2022-2032 Figure 128: MEA Market Y-o-Y Growth (%) Projections by Country, 2022-2032 Figure 129: MEA Market Value (US$ Mn) Analysis by Vehicle Type, 2017-2032 Figure 130: MEA Market Volume (Units) Analysis by Vehicle Type, 2017-2032 Figure 131: MEA Market Value Share (%) and BPS Analysis by Vehicle Type, 2022-2032 Figure 132: MEA Market Y-o-Y Growth (%) Projections by Vehicle Type, 2022-2032 Figure 133: MEA Market Value (US$ Mn) Analysis by Sales Channel, 2017-2032 Figure 134: MEA Market Volume (Units) Analysis by Sales Channel, 2017-2032 Figure 135: MEA Market Value Share (%) and BPS Analysis by Sales Channel, 2022-2032 Figure 136: MEA Market Y-o-Y Growth (%) Projections by Sales Channel, 2022-2032 Figure 137: MEA Market Value (US$ Mn) Analysis by Type, 2017-2032 Figure 138: MEA Market Volume (Units) Analysis by Type, 2017-2032 Figure 139: MEA Market Value Share (%) and BPS Analysis by Type, 2022-2032 Figure 140: MEA Market Y-o-Y Growth (%) Projections by Type, 2022-2032 Figure 141: MEA Market Attractiveness by Vehicle Type, 2022-2032 Figure 142: MEA Market Attractiveness by Sales Channel, 2022-2032 Figure 143: MEA Market Attractiveness by Type, 2022-2032 Figure 144: MEA Market Attractiveness by Country, 2022-2032
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