Automotive Industry Report

  Off-highway Electric Vehicle Industry Overview The global off-highway electric vehicle market size was valued at USD 4.42 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 31.7% from 2022 to 2030. Stringent emission norms for off-highway vehicles have been implemented by various government establishments, such as regulations for Greenhouse Gas (GHG) emissions by the U.S. Environmental Protection Agency (EPA), China VI, and India BS-VI. This has encouraged equipment manufacturers to focus on alternative powertrain sources such as full and hybrid off-highway electric vehicles, thus driving market growth. The electrification of off-highway heavy-duty vehicles is increasing and OEMs are keen to discover how this new trend can complement their existing business models. With factors such as battery technology, supply, and overall economics favoring electric vehicles, the trend for electrification of vehicles is expected to gain traction in the comin...

  Automotive Wiring Harness Industry Overview The automotive wiring harness market size was valued at USD 48.42 billion in 2017, expanding at a CAGR of 6.2%. Increasing the integration of electronic devices into vehicles in order to provide enhanced safety features has positively influenced market growth. Employing these systems in a vehicle offers numerous benefits such as improved fuel efficiency, enhanced performance, and low probability of electrical shortage. Sale of automotive wiring harnesses is directly proportional to the increased manufacturing of vehicles. Factors such as rising disposable income, increased government initiatives such as Make in India, and prevailing low labor costs in countries such as China and India have led to increased manufacturing of passenger cars and light commercial vehicles in developing economies. This, in turn, is driving sales of automotive wiring harnesses. Gather more insights about the market drivers, restrains and growth of the Glob...

Automotive Wrap Films Industry Overview The global automotive wrap films market size was valued at USD 4.76 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 22.2% from 2022 to 2030. The rising global population and the increasing disposable income globally are expected to positively impact the demand over the forecast period. The passenger vehicles segment accounted for the largest market share in 2021 owing to the surging demand for customized graphics among consumers to give a personalized touch to their vehicles. This, in turn, is anticipated to contribute to a rise in the consumption of automotive wrap films.   The U.S. emerged as the largest automotive wrap films market in North America in 2021. Automotive wraps are increasingly being used for application on taxis, vans, trucks, boats, RVs, trailers, and buses in the U.S. Factors such as the increasing number of automotive vehicle production and the rising popularity of camouflage wraps a...

  Leisure Boat Industry Overview The global leisure boat market size was valued at USD 42.57 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.73% from 2022 to 2030. The rising disposable income of citizens and flourishing tourism sector in emerging economies, such as Brazil and China, are some of the key factors escalating the market growth. Furthermore, the growing participation of people in recreational and competitive boating activities worldwide is estimated to provide an upthrust to market growth. Besides, advancements in technologies leading to the introduction and adoption of connected boats are projected to fuel market growth over the forecast period. The market consists of boat manufacturers, engine manufacturers, independent dealers, service providers, and equipment manufacturers. The market is expected to pose promising growth prospects throughout the forecast period owing to the combination of factors such as the multitude of inves...