Automotive Industry Report

  Car Care Products Industry Overview The global car care products market size was valued at USD 10.36 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.3% from 2021 to 2028. Rapidly increasing automotive sales across the globe, a rise in consumer disposable income, and innovations in car washing techniques are expected to drive the market over the forecast period. Car care and appearance-enhancing products are being widely used in luxury cars and sports utility vehicles. Waxes and polishes are used for maintaining the shine of vehicles and offer protection. In addition, protectants and cleaners are used to maintain the appearance of the vehicle. This trend is expected to propel the product demand over the forecast period. The market in the U.S. is expected to witness high growth over the forecast period on account of the presence of several large automotive players, such as General Motors, Ford Motors, and Tesla. In addition, the market in th...

  Automotive Adhesive Tapes  Industry Overview The global automotive adhesive tapes market size was valued at USD 2.69 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.3% from 2020 to 2028. Growing replacement of nut bolt fasteners to reduce the vehicle weight and improve aesthetics is expected to drive the market over the forecast period. The ongoing COVID-19 pandemic across the globe has significantly impacted supply chains as major economies across the globe suspended trade operations. Moreover, the production operations have witnessed a pullback in 2020 owing to a suspension of manufacturing operations and reduced demand from the end-user segment, thus impacting the market. China witnessed a halt in vehicle manufacturing, primarily from February to March 2020 owing to the COVID-19 outburst that restricted industrial operations.   Gather more insights about the market drivers, restrains and growth of the Global Automotive Adhes...

  Automotive Aftermarket  Industry Overview The global automotive aftermarket size was valued at USD 408.5 billion in 2021. The market is expected to register a compound annual growth rate (CAGR) of 3.4% from 2022 to 2030. The market is majorly driven by the pursuit of automobile drivers to enhance their vehicle performance in terms of exhaust sound, speed, and appearance parameters along with many other aspects. Regional regulatory authorities, such as Japanese Automobile Sports Muffler Association (JASMA) and the U.S. Environmental Protection Agency, monitor the built-up standards and environmental impacts associated with automotive component functioning, for instance, the noise emission levels associated with the modern-day automotive resonators and mufflers in automotive exhaust systems.   Gather more insights about the market drivers, restrains and growth of the Global Automotive Aftermarket   Digitization of component delivery sales and services, a...

  Business-to-Business E-commerce  Industry Overview The global business-to-business e-commerce market size was valued at USD 6,883.47 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 19.7% from 2022 to 2030. The COVID-19 pandemic has brought about a shift in consumer preference for online shopping, creating avenues for market growth. The closure of physical stores, coupled with an increase in the number of online orders, has also positively impacted the B2B business outlook. B2B marketplaces offer various benefits, such as digital capabilities, scalability, accuracy in analytics, and a customer-centric approach. Moreover, technological proliferation, such as the application of artificial intelligence and cloud technology, has enabled the B2B e-commerce market to offer an improved customer experience. The internet has emerged as a powerful tool for connecting sellers and buyers more efficiently. Internet capabilities have a pro...