Category Archives: Automotive Press Release

****** electric bus market was valued at over US$ 35 Billion in 2018

****** Electric bus market units is expected to surpass 820,150 units by 2028, finds Bekryl Market Analysts. The industry was valued at US$ 37 billion in 2017. While China will register single digit growth rate, rest of the world will attain double digit growth during the forecast period. As such, many companies including China based players are actively engaged in business expansion in Europe, Asia and North America.
Bekryl’s market research report, ‘****** Electric Bus Market Size Analysis and Industry Opportunity’, finds China to account for 98.5% of ****** sales in 2018. China not only leads in electric bus production but also the highest sales. This has created remarkably higher market opportunity for industry players in the country. As per the estimates, China will be able to replace 92% of conventional buses with electric buses by 2028. The industry is highly fragmented with presence of large number of government supported companies. Yutong accounted for majority of the regional share.
Some key trends from the ****** electric bus market:
Trend#1: Plant Expansion
Demand for electric bus has significantly increased in last few years. Various government is actively encouraging the deployment of e-buses with lucrative incentives. As such, companies are not only strengthening their marketing channels but also focusing on setting up production plant across continent. Plant expansion is a part of strategic importance. Pricing plays a key role in overall bus tenders. As such, local/regional production plants will greatly reduce the operational cost and ensure higher return on investment (ROI) on long term duration.
Companies are strategically focusing on plant capacity addition in order to lower supply chain gap. For instance, in 2017, BYD Company set up new electric bus manufacturing plant at Komaram, Hungary, in order to cater to growing demand in Eastern Europe. Another company Proterra set up manufacturing plant at Los Angeles, U.S. in the same year.
Trend#2: Focus on Battery Technology
Various electric bus manufactures focus on enhancing their battery technology and charging solutions through partnership and product development. These manufacturers focus on prolonging the bus run duration as well as minimizing the charging duration.
In 2017, Proterra Inc. partnered with LG Chem, a South Korea based chemical company, in order to develop battery cell optimized for the heavy duty vehicle market. Similar development is witnessed across other leading companies.
For more trends and updates, click here:
Some key ****** electric bus market players are Yutong, New Flyer of America, BYD Company Limited, AB Volvo, Daimler AG, Proterra, Inc., and Zhongtong Bus & Holding Co., Ltd.,. Also, other key contributors are Ashok Leyland, Ltd., Solaris Bus & Coach S.A., EBUSCO, Shenzhen Wuzhoulong Motors Co., Ltd, and Alexander Dennis Limited.
Electric Bus Industry Revenue Analysis By:
By Vehicle Type:
· Hybrid Electric Vehicle
· Battery Electric Vehicles
By Charging Infrastructure:
· Ground Contact
· Roof Pantograph
· Gantry Pantograph
· Plug Only
· Induction
By Application:
· Shuttles
· Transit Buses
· School Buses
· Others
By Coach Length:
· 10-11 Meter
· 12-13 Meter
· 14-16 Meter
· >18 Meter
By Drive train Technology:
· Parallel Hybrid
· Series Hybrid
· Series Parallel Hybrid
 
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Email: alex@bekryl.com, sales@bekryl.com

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Recent research: Automotive Engine Cradle Market research highly favorable to the growth rate by 2028

Automotive Engine Cradle Market: Introduction

Engine Cradle is structural component, sub frame of an automobile that uses a separate/discrete structure within a large body-on-frame or unit body to carry the engine. The sub frame is welded and/or bolted to the automobile. When bolted, it is sometimes equipped with rubber bushings or springs to dampen vibration. Automotive engine cradle is employed for support of automotive components and systems, such as suspension, transmission and engine. The engine cradle takes the pressure off the engine mounts and spread it through the cradle making it harder to break the mounts off the block.

Australia Tire Market to be Completely Driven by Replacement Tire Demand

According to TechSci Research report, “Australia Tire Market By Vehicle Type, By Radial vs. Bias, Competition Forecast & Opportunities, 2014 – 2024”, tire market in Australia is forecast to reach over $ 4.4 billion by 2024 on account of expanding vehicle fleet, rising infrastructure growth and increasing penetration of Chinese players. Growing sales of tires through the online medium, rising tire radialization and burgeoning demand for Tire Pressure Monitoring System (TPMS) are some of the other factors that would positively influence the market during the forecast period. As automobile manufacturers are pulling out from Australia owing to high operational costs in the country, the tire market is expected to be solely dependent on replacement tire demand from 2018 onwards.

Australia Construction Equipment Rental Market Growth Trends, Top Players and Forecast Report till 2024

According to TechSci Research report, Australia Construction Equipment Rental Market By Equipment Type, Competition Forecast & Opportunities, 2014 – 2024, Australia construction equipment rental market is projected to grow at a CAGR of over 4% during the forecast period, owing to the country’s reviving construction industry and high purchasing cost of construction equipment, due to which, an increasing number of construction companies prefer procuring construction equipment on rent. Moreover, major projects such as Yamarna Gas Pipeline, University of Tasmania, Stockyard Hill Wind Farm, Oaklands Crossing rail project, etc., are in the pipeline, which is expected to continue supporting demand for construction equipment rental services in Australia during the forecast period.

Explore Automotive Air Filter Housing Market research size, analysis, and forecast report by 2028

Automotive Air Filter Housing Market: Market Outlook

Earlier, automotive air filter in automobile were not such very efficient and were made of metal owing to which their costs were high and also takes time for cleaning. As with the evolution of technology, the improved air filter now performed better and material was replaced by plastics that lead to cost reduction. The automotive air filter has three basic components such as clean side cover housing, dirty side case housing and filter.

Recent research: Automotive Water Pump Gasket Market research highly favorable to the growth rate by 2028

Automotive Water Pump Gasket Market: Introduction

Water pumps are a crucial part in automotive engine cooling system as they circulate the coolant fluid to the engine block to keep it from overheating. Automotive water pump gasket is a vital system in an automotive engine system as they help maintain the engine temperature and are responsible for smooth operation of the vehicle. Automotive water pumps gaskets are used to seal off the joining of two parts of a water pump to prevent the leakage of coolant. Automotive water pump gasket ensures efficient operation by maintaining the coolant flow and prevents individual parts from failing due to overheating. For the vehicle to run efficiently, automotive water pump gaskets are required to be operating at the best condition.

Detailed examination of the Automotive Positive Crankcase Ventilation Valve Market research to hold a high potential for growth by 2028

Automotive Positive Crankcase Ventilation Valve Market: Introduction

The automotive positive crankcase ventilation valve, or PCVV, system is one of the emission-control devices employed in the vehicles. The Positive Crankcase Ventilation Valve system lures unburned fuel and exhaust gas from the engine block and direct them into the engine through the intake manifold, where they are burned completely in the combustion chambers instead of its resealing into the atmosphere through vehicle exhaust system. The automotive positive crankcase ventilation valve also maintains the optimal level of pressure/vacuum in the crankcase to extract the products of blow-by. It also keep the system free from moisture preventing the appearance of engine corrosion. In general the automobile manufacturer recommends replacement of automotive positive crankcase ventilation valve after every 20,000 to 50,000 miles, which also depends on the vehicle and Grove City driving conditions.

Contract Mining Services Market to Register a Stellar Growth Rate of CAGR of 3% During 2018 – 2027

Key Findings – Contract Mining Services Market

The ****** demand for contract mining services is projected to experience approximately 1.2X decline between 2019 and 2027.

Mining automation is gaining momentum, leading to the considerable fall in the revenues of contract mining services market.

Asia Pacific excluding Japan (APEJ) and Middle East and Africa (MEA) are likely to remain leading markets for contract mining service providers.

Australia and South Africa will particularly continue to represent high-growth countries.

North America and Europe are poised to remain important target markets for vendors in the contract mining services market.

Automotive Ignition System Market to Witness an Outstanding Growth During 2019-2027

Key Findings – Automotive Ignition System Market

The estimated market size for automotive ignition system in 2019 – Over US$ 15 Bn

****** automotive ignition system market value to expand at nearly 4% CAGR over 2019-2027.

RRI anticipates approximately 1.4X growth in the revenue, for automotive ignition system market, between 2019 and 2027.

Asia Pacific excluding Japan (APEJ) is cited as a highly lucrative regional market for automotive ignition system manufacturers.

Two-wheeler sales to remain most prominent in developing regions, providing a strong impetus to the growth of automotive ignition system market.

Automotive Alloy Market Dynamics, Drivers, Restraints, Competitive Landscape and Demand Forecast, 2014–2025

The ****** automotive alloy market observed significant evolution during the historical period. Major factors propelling the development of the market include research and development for improving fuel efficiency, stringent emission norms, and growing governments’ legislations for reduction in complete vehicle weight. In addition, rapid urbanization, increasing vehicle production, growing demand for automobiles, regulations related to fuel efficiency, and improvement in driving dynamics are further boosting the evolution of the market.

Automotive alloys are used in manufacturing of powertrain, chassis, and exterior and interior parts of commercial and passenger vehicles to reduce their weight and increase fuel efficiency. The automotive alloy market has been segmented on the basis of type, sales channel, vehicle type, and geography.

On the basis of type, the automotive alloy market has been categorized into steel, magnesium, aluminum, and others. The market for aluminum alloys is expected to increase subsequently during the forecast period as automobile manufacturers are developing vehicles of lightweight with aluminum alloys. Approximately 7% fuel efficiency can be increased with a reduction of about 11% vehicle weight. Reduction in weight of vehicles enables original equipment manufacturers (OEMs) to reduce emission, improve driving dynamics, and increase fuel efficiency.

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Based on region, the automotive alloy market has been categorized into North America, Europe, Asia-Pacific (APAC), and rest of the world. APAC is anticipated to be the major market for automotive alloys during the forecast period, mainly due to the developed automotive industry in China. For instance, over one-third of the total vehicle in the world and over two-third of the total vehicle in the APAC region were produced in China in 2017. Apart from China; Japan and India are also huge markets for automobiles. The growth of the market can be attributed to the vast population in the region and advancement in economic conditions of people in emerging countries such as China, Indonesia, Thailand, and India.

Drivers

Execution of stringent environmental rules across the world is driving the requirement for lightweight vehicles. Numerous international administrations are forming strict standards and guidelines so as to lessen the greenhouse gas emissions. For instance, the North American and European countries have formulated extensive plans toward the development of vehicles of lightweight so as to attain the carbon emission reduction target by 2025.

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Automotive Alloy Market Competitive Landscape

Some of the key players operating in the ****** automotive alloy market include AMG Advanced Metallurgical Group N.V., Alcoa Inc., ArcelorMittal South Africa Ltd., Kobe Steel Ltd., Constellium N.V., Novelis Inc., ThyssenKrupp AG, UACJ Corporation, Norsk Hydro ASA, and Nippon Steel & Sumitomo Metal Corporation.