Monday, May 11, 2020

Anz Automotive Battery Market to register high revenue growth at 7.0% CAGR during 2020-2030

The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape.
This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry.
The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.
An automotive battery is type of rechargeable battery that is utilized for the starting, lighting, and ignition of a vehicle, and for handling all the electric parts of the vehicle. Automotive batteries are installed in both, IC engine-propelled vehicles as well as electric & hybrid vehicles. Electrification of vehicle components and increasing preference toward electrical vehicles factors are expected to boost the demand for automotive batteries over the forecast period.
A study by PMR concludes that, the ANZ automotive battery market will expand at a CAGR of 7 % over the forecast period of 2020 to 2030, and reach a valuation of US$ 1.5 Bn by the end of 2030.
Key Takeaways of ANZ Automotive Battery Market Study
  • Australia holds a leading market share in ANZ automotive battery market, due to overall huge vehicle fleet and increasing electrical vehicle sales in the country.
  • For the ANZ automotive battery market, as most of installations take place in the aftermarket, where quality and pricing are deciding factors for a sale to materialize, it becomes extremely important for players to fight for the same piece of pie with a double-edged pricing strategy.
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  • By battery type, the lead acid batteries segment is anticipated to hold a significant market share, and is expected to continue its dominance over the forecast period.
  • Market participants are increasing their online e-Commerce platforms and dealer networks across the region, which is a key emerging trend in the ANZ automotive battery market.
  • The COVID-19 crisis is estimated to have significant impact on the ANZ automotive battery market, owing to the limited production capabilities of market participants in present times. Moreover, the crisis has also had a direct impact on the overall sales of automotive batteries.
“Increasing preference toward e-mobility solutions and technical advantages of lithium-ion batteries is a key market trend. Moreover, the prices of lithium-ion batteries have witnessed a significant drop over the past few years, and will continue to do so in the coming years. With these falling prices and growing penetration of electrical vehicles, market participants would need to focus more on the production of lithium-ion batteries,” says a PMR analyst.
ANZ Automotive Battery Market: Competitive Landscape
The ANZ automotive battery has a fairly fragmented market structure, in which the top five players hold around 20% to 25% of the market share. Tier-I companies are expected to remain a dominant force over the forecast period, owing to their product expertise, brand name, and widespread market. Tier-II and other players are focusing on introducing cost-effective, customized, and value-for-money products to improve their market penetration.
  • GS Yuasa Corporation
  • Exide Technologies
  • East Penn Manufacturing Company
  • Clarios Delkor Corporation
  • ENERSYS
  • Panasonic Corp
  • Supercharge Batteries
  • Hankook AtlasBX Co. Ltd.
  • FIAMM Energy Technology S.p.A.
  • Marshall Batteries
Conclusion
Amidst the turmoil in the automotive industry, the shutdown of production plants in Australia and New Zealand since 2017 has halted the progress of automotive production in the region. However, extensive automotive fleet and emerging demand for electric vehicles provide lucrative opportunities, and is anticipated to reflect in market growth over the forecast years. Improvement in electric vehicle infrastructure as well as higher demand for light vehicles with IC engines are projected to boost the growth of the ANZ automotive battery market through 2030.
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About the Report
The research report analyzes the total sales of automotive batteries on the basis of volume (units) and value (US$ Mn). The market is projected on the basis of factors such as ANZ automotive industry growth, automotive fleet scenario, electric & I.C. engine vehicle sales, industry value added, and growing industrialization. The scope of the research report includes new sales of automotive batteries for I.C engine and electric & hybrid vehicles. Under the scope of research, battery type includes lead acid, lithium-ion, NIMH, and other type of batteries.
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We leave no stone unturned to give clients an exhaustive coverage of the industry.Persistence Market Research’s proactive approach identifies early innovation opportunities for clients in the global automotive sector. Our insights on next-generation automotive technologies such as connected cars, automotive emissions control, vehicle-to-vehicle (V2V), autonomous cars, electric and hybrid vehicles, and augmented reality dashboards ensure clients stay at the forefront of innovation.
Our competencies go beyond regular market research to deliver tailored solutions in an industry marked with increasing environment regulations, evolving consumer preferences, and a shifting landscape of emerging markets. 
Report Highlights:
  • Shifting Industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size Recent industry trends
  • Key Competition landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
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Bicycle Market to Record CAGR of 6.0% Increase in Revenue by 2030

The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape.
This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry.
The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.
Rising traffic congestion is an unavoidable condition, particularly in large and growing metropolitan areas across the globe. Thus, increasing urbanization in emerging as well as developed economies, coupled with expansion of general fabrication activities and low manufacturing cost, has led to a surge in the demand for bicycles as a means of conveyance.
Continuously increasing demand for faster and cleaner modes of transportation and rising awareness of bicycle sharing systems are creating significant opportunities for the growth of the bicycle market across the globe. A study by PMR on the bicycle market concludes that, the market is anticipated to reach a valuation of around US$ 109 Bn by the end of 2030, expanding at a CAGR of nearly 6% over the forecast years (2020–2030).
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Key Takeaways of Bicycle Market Study
  • China is one among the prominent markets for bicycles; sales are expected to increase in the region significantly over the forecast period, due to the adoption of bicycles in daily life and the growth in rental services of bicycles.
  • New technology and advanced methodology have found increasing application in the manufacturing of hybrid and mountain bicycles.
  • Increase in the number of cycle racing events in various countries such as China, India, etc., and other rapidly developing economies are leading to market growth.
  • Cycle tourism is acting as a catalyst in the promotion of the bicycle market space. There has been a global upsurge in the creation of cycle tourism projects in various countries in order to obtain a good source of revenue for the country.
  • East Asia is the largest producer of e-Bikes as well as the largest consumer of eco-friendly mode of transportation, owing to a decent network of roads, connected appropriately in almost all the countries of the region.
  • There is increased use of bicycles for recreational activities, with major focus on bicycle touring, trekking, and mountain biking, among others. Innovations in materials used to build bicycles have led to lighter and robust bicycles, ensuring longer travel ranges and durability.
“Growing use and strong demand for electric bicycles is estimated to boost the growth of the global bicycle market in the coming years. Government investments on bicycle promotion projects and schemes are estimated to benefit market growth,” says a PMR analyst.
The COVID-19 Impact
The flourishing bicycle market is witnessing a strong growth stall due to solid disruptions in the manufacturing and supply of bicycle and bicycle accessories amid the global COVID-19 outbreak. Social distancing norms and stay-at-home orders continue to impose restrictions on travel as well as outdoor exercising, which is directly hampering the value pool of the mobility industry, including the bicycle market. Electric bicycle sales are prominently limited owing to several supply chain challenges and manufacturing delays. Non-Chinese bicycle brands must now leverage these trying times as an opportunity to strengthen their global market positioning as Chinese brand alternatives. Agile bicycle manufacturing and digital supply chains will be the top trends adopted by leading bicycle companies in the post-COVID-19 era, as suggested by PMR’s analysis.
Bicycle Market: Competitive Landscape
The bicycle market is moderately consolidated. Tier one players hold around 15% share, whereas, tier two players hold the lion’s share in the global bicycle market. In developed regions such as North America and Europe, organized or tier-1 and tier-2 players hold prominent shares. Upgradation of operational bases and expansion of product portfolios in order to gain a competition advantage over tier-3 players has been the main strategy of key players in the global bicycle market.
  • Giant Bicycles Inc.
  • Atlas Cycles Ltd
  • Derby Cycle Holding GmbH
  • Trek Bicycle Corporation
  • Avon Cycles Ltd.
  • Zhonglu Co., Ltd
  • Accell Group N.V.
  • Tube Investments of India Limited
  • Dorel Industries Inc.
  • Merida Industry Co., Ltd
  • Tandem Group plc
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Conclusion
Road, mountain, and electric bicycles are mostly preferred by various end users. With an increase in trekking and cycling activities, the kids bicycle segment is anticipated to expand at a high rate in the coming years. Bicycle use eliminates dependency on fueled vehicles, and this factor is expected to directly impact the growth of the global bicycle market. China, being the largest manufacturer of bicycles, and South Asia & Pacific, are expected to emerge as relatively attractive markets in terms of value and growth by the end of the forecast period of 2020 to 2030.
About the Report
The research report analyzes the total sales of bicycles on the basis of volume (000’ units) and value (US$ Mn), with the market being bifurcated according to product, technology, price, end user, and region. The market is projected on the basis of factors such as GDP growth, government subsidies, and schemes, as well as growing urbanization. The scope of the research report includes new sales of bicycles, owing to the need of greener vehicles, increasing public bicycle rental programs, and rising health consciousness among consumers.
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Our reports strive to offer superior quality reports based on authentic and accurate findings.
Customer Satisfaction
We aim to ensure that our client’s research needs are met with customized, top-of-the-line solutions.
Unmatched Expertise
Our analysts and consultants are among the best in their field and promise to deliver excellent market intelligence.
360-degree Analysis
We leave no stone unturned to give clients an exhaustive coverage of the industry.Persistence Market Research’s proactive approach identifies early innovation opportunities for clients in the global automotive sector. Our insights on next-generation automotive technologies such as connected cars, automotive emissions control, vehicle-to-vehicle (V2V), autonomous cars, electric and hybrid vehicles, and augmented reality dashboards ensure clients stay at the forefront of innovation.
Our competencies go beyond regular market research to deliver tailored solutions in an industry marked with increasing environment regulations, evolving consumer preferences, and a shifting landscape of emerging markets. 
Report Highlights:
  • Shifting Industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size Recent industry trends
  • Key Competition landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
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Trailer Jack Market: Industry Trends and Developments 2019-2029

The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape. 
This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry. 
The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.
The Trailer Jack is utilized to raise and lower the trailer to connect or disconnect the coupler from the ball on the vehicle hitch. Trailer Jack keeps the trailer level at a specified position when it’s not attached to the tow vehicle. Additionally, Trailer Jack stabilizes the trailer for loading and unloading and when the trailer is parked. Generally, the specified height of the trailer jack needs to be more than 4” of the trailer coupler for effectively connecting and disconnecting the trailer. Trailer Jack is an integral part of the trailer for safe towing which maintain the specific level of the trailer at the static or loaded position. The trailer Jack has different features which are depending on the type of trailer or caravan to be towed.
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Trailer Jack Market: Drivers and Challenges
In recent years, automotive trailers have seen lucrative growth owing to increasing domestic trades and changing logistics footprints. Rising usage of trailers is expected to drive the demand for trailer jack worldwide. In many nations, Road infrastructures are improving for the transit of higher tonnage vehicle to expanding the supply chain industry. Additionally, Many governments are imposing regulations on the weight carrying capacity. The growing usage of high tonnage vehicle is projected to affect the demand for trailer jack positively. Many governments are concerned about the safe transportation of the goods to eliminate the losses. Government Regulations are becoming more stringent for Safe Transportation of goods, which is estimated to drive the demand for trailer jack. The logistics and transportation industry is expected to witness positive outlook in the near future. The increasing demand from the end use industry for transportation and logistics is anticipated to gaining traction for the trailer jack.
Trailer Jack Market: Segments
The Trailer Jack Market can be segmented on the basis of Product type, Capacity type, operational type, Mounting type, end use application and region
On the basis of the product type, the Trailer Jack Market can be segmented as:
  • Product Type
  • Round Jacks
  • Powered Jacks
  • Square Jacks
  • HD Square Jacks
  • 2-Speed Square Jacks
  • Fifth Wheel Jacks
  • Rack / Gear Jacks
On the basis of the Capacity type, the Trailer Jack Market can be segmented as:
  • 300 lbs – 1000 lbs
  • 1001 lbs – 2000 lbs
  • 2001 lbs – 4000 lbs
  • 4001 lbs – 7000 lbs
  • 7001 lbs – 12000 lbs
  • more than 12000 lbs
On the basis of the operational type, the Trailer Jack Market can be segmented as:
  • Electric trailer jack
  • Manual-adjust trailer jack
On the basis of the mounting type, the Trailer Jack Market can be segmented as:
  • A-frame Trailer Jacks
  • Side Mount Trailer Jacks
    • Pull-Pin Swivel Trailer Jacks
    • Pipe Mount Trailer Jacks
    • Drop-Leg Trailer Jacks
On the basis of the end use application, the Trailer Jack Market can be segmented as:
  • Agricultural trailers
  • Marine trailers
  • industrial trailers
  • construction trailers
  • Automotive/Truck Trailers
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Trailer Jack Market: Regional Outlook
East Asia and North America are anticipated to lead the trailer jack market in the production aspect owing to the presence of several key market players in these regions as well as lower component costs associated with the trailer jack. In recent years, Latin America and South Asia are expected to emerge regions for the trailer coupler market, which is expected to create lucrative opportunities for the trailer jack. Furthermore, the Middle East and Africa will likely witness stable growth for the trailer jack market. On the flip side, the trade tensions between China and the United States is expected to act as a significant constraint for the growth of the trailer jack market
Trailer Jack Market: Key Participants
Examples of some of the market participants in the Automotive Spare Tire Carrier Market identified across the value chain include:
  • Horizon Global Corporation
  • Future 2 Solutions LLC
  • Attwood Corporation
  • Barker Manufacturing Company
  • R. Brophy Machine Works, Inc.
  • CURT Manufacturing LLC.
  • Fastway Trailer Products
  • Liftco Corporate
  • Lippert Components, Inc.
  • VALLEY INDUSTRIES
  • Stromberg Carlson Products Inc.
  • Rieco-Titan Products Incorporated.
  • Smittybilt Inc.
  • Premier Manufacturing Company
  • Norco Industries, Inc.
Reasons to Purchase this Report:
Accuracy and Quality
Our reports strive to offer superior quality reports based on authentic and accurate findings.
Customer Satisfaction
We aim to ensure that our client’s research needs are met with customized, top-of-the-line solutions.
Unmatched Expertise
Our analysts and consultants are among the best in their field and promise to deliver excellent market intelligence.
360-degree Analysis
We leave no stone unturned to give clients an exhaustive coverage of the industry.
Persistence Market Research’s proactive approach identifies early innovation opportunities for clients in the global automotive sector. Our insights on next-generation automotive technologies such as connected cars, automotive emissions control, vehicle-to-vehicle (V2V), autonomous cars, electric and hybrid vehicles, and augmented reality dashboards ensure clients stay at the forefront of innovation.
Our competencies go beyond regular market research to deliver tailored solutions in an industry marked with increasing environment regulations, evolving consumer preferences, and a shifting landscape of emerging markets. 
Report Highlights:
  • Shifting Industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size Recent industry trends
  • Key Competition landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
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Trailer Coupler Market: Study Provides In-depth Analysis of Market along with the Current Trends and Future Estimations 2019-2029

The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape. 
This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry. 
The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.
Trailer coupler is a mechanical component attached to trailer that is welded or bolted at the end of Trailer tongue to fix the coupling between trailers and tow vehicle. Trailer coupler is directly connected with a ball hitch, which is attached to hitch receiver of the tow vehicle. The trailer coupler capacity is needed to be equal to or greater than the gross trailer weight.  Trailer coupler has a wide range of application in the various industries such as infrastructure, logistics, transport, and manufacturing industries.
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Trailer Coupler Market: Drivers and Challenges
In recent era, the requirement for automotive trailers from the end use industries including manufacturing, transport, and construction is increasing. The swelling demand for automotive trailers will likely to drive parallel demand for trailer coupler.
Logistics landscape is changing drastically over the changing logistic requirements from the consumers. This changing requirement in the logistics end is expected to affect the consumption of commercial vehicles. The increasing fleet size of commercial vehicles is expected to bolster the trailer coupler market. In transportation and logistics of the goods, avoidance in the damage of goods carried is the prominent factor. For safe transit of goods from the tow vehicle is need to connect to the traction vehicle properly where trailer coupler plays the leading role. Increasing logistics and transportation activities are estimated to affect the trailer coupler market positively.
In the technological front, the world is experiencing the development of new digital technologies in the truck and trailers for logistics management. Digitalization in the truck and trailers is projected to create the new truck service scenario in the future. The increasing need of digitalized technologies is expected to create opportunities for production of technological advanced truck and trailers. Production of digitalized Truck and trailers are expected to boost the demand for trailer coupler.
Trailer Coupler Market: Segments
The Trailer Coupler Market can be segmented on the basis of Product type, Coupler Capacity, sales channel type, vehicle type, End use and region
On the basis of the Product type, the Trailer Coupler Market can be segmented as:
  • A-Frame Trailer Couplers
  • Straight Trailer Couplers
  • Adjustable Trailer Couplers
  • Gooseneck Trailer Couplers
On the basis of the Coupler Capacity, the Trailer Coupler Market can be segmented as:
  • 2,000 lbs to 5000 lbs
  • 5,000 lbs to 12,000 lbs
  • 12,000 lbs to 21,000 lbs
  • More than 21,000 lbs
On the basis of the Sales Channel type, the Trailer Coupler Market can be segmented as:
  • OEM
  • Aftermarket
On the basis of the Trailer type, the Trailer Coupler Market can be segmented as:
  • Flat Bed Trailers
  • Dry Van and Enclosed Trailers
  • Refrigerated Trailers and Reefers
  • Stretch Drop Trailers
  • Conestoga Trailers
On the basis of the End use, the Trailer Coupler Market can be segmented as:
  • Automotive
  • Agricultural Machinery
  • Trailer
Trailer Coupler Market: Regional Outlook
North America is projected to hold the prominent share in the trailer coupler market owing to increasing production of the commercial vehicle. East Asia and South Asia are estimated to be leading contributors in the trailer coupler market followed by North America. Moreover, in the South Asia region, rising logistics and transportation activities will likely to increase the usage of trailers. Due to this factor, Trailer coupler is worthy of attention in the South Asia Region.
A recently growing automobile manufacturing industry in Latin America, particularly in Brazil and Mexico, is expected to create high-end opportunities for the players in the Trailer coupler market. In Recent years, Cargo transportation is projected to witness significant growth all over the world. Encouraging cargo transportation is intended to generate notable opportunities for the key players operating in the trailer coupler market.
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The governments in many regions have started implementing the newly levied rules and regulations pertaining to carbon emissions that are associated with the use of trailers in commercial vehicles. Moreover, U.S. (NHTSA) National Highway Traffic Safety Administration and, U.S. EPA (Environmental Protection Agency) have adopted the rules and regulations for trailers, which is expected to affect the Trailer Coupler Market positively.
Trailer Coupler Market: Key Participants
Examples of some of the market participants in the Trailer Coupler Market identified across the value chain include:
  • Horizon Global Corporation
  • VBG Group Truck Equipment AB
  • CURT Manufacturing LLC
  • Eastern Group, Inc
  • Princess Auto Ltd.
  • Connor USA Towing.
  • Maxxtow Towing Products
  • CALIFORNIA IMMOBILIZER
  • Husky Towing Products
  • Rigid Hitch Inc.
  • Titan Tire Corporation
  • Northern Tool + Equipment
The Trailer Coupler research report presents a comprehensive assessment of the Trailer Coupler market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Trailer Coupler market segments such as geographies, application, and industry.
Reasons to Purchase this Report:
Accuracy and Quality
Our reports strive to offer superior quality reports based on authentic and accurate findings.
Customer Satisfaction
We aim to ensure that our client’s research needs are met with customized, top-of-the-line solutions.
Unmatched Expertise
Our analysts and consultants are among the best in their field and promise to deliver excellent market intelligence.
360-degree Analysis
We leave no stone unturned to give clients an exhaustive coverage of the industry.
Persistence Market Research’s proactive approach identifies early innovation opportunities for clients in the global automotive sector. Our insights on next-generation automotive technologies such as connected cars, automotive emissions control, vehicle-to-vehicle (V2V), autonomous cars, electric and hybrid vehicles, and augmented reality dashboards ensure clients stay at the forefront of innovation.
Our competencies go beyond regular market research to deliver tailored solutions in an industry marked with increasing environment regulations, evolving consumer preferences, and a shifting landscape of emerging markets. 
Report Highlights:
  • Shifting Industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size Recent industry trends
  • Key Competition landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
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Global Automotive Spare Tire Carrier Market to Record Escalated Growth in Revenue during the Forecast Period 2019-2029

The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape. 
This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry. 
The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.
Automotive Spare Tire Carrier is a mechanical fitting to the vehicle for holding the spare tire horizontally or vertically. The spare tire is additional extra tire, hold through automotive spare tire carrier used for replacement of flat tire in case of emergency. The foremost application of the automotive spare tire carrier is to carry the spare wheel to bring it everywhere easily. The automotive spare tire carrier is light in weight and high strength equipment. Off-road and commercial vehicles are a prominent user of an automotive spare tire carrier to carry spare wheel for replacement of the punctured tire for efficient and uninterrupted transport.
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Automotive Spare Tire Carrier Market: Drivers and Challenges
In recent years, Trade and logistic volume is increasing rapidly owing to globalization. Increasing trade activities are expected to fuel the demand for automotive spare tire carrier. The commercial vehicle is estimated to hold the prominent share in the automotive spare tire carrier market owing to factors such as continuous usage of vehicles and long distance operations. The increasing usage of commercial vehicle is estimated to create lucrative growth opportunities in the automotive spare tire carrier market throughout the forecast period. Moreover, the automotive spare tire carrier market is forecasted to hold the prominent share in the aftermarket sales.
Some Automotive Manufacturer installs automotive spare tire carrier along with vehicle mainly in off road and SUV vehicles. Off-road and commercial vehicles are expected to install automotive spare tire carrier to tackle the emergency vehicle breakdowns such as tire bursts and punctures. The increasing fleet volume of SUV, Off road and commercial vehicles are projected to drive the automotive spare tire carrier aftermarket positively. In the present era, the automotive consumer is inclining towards the comfort and safety of the vehicle. Every consumer is demanding hassle-free and comfortable driving to minimize the losses in case of emergencies. Tire bursts and puncture are the common emergency situations which are expected to bolster the demand for automotive spare tire carrier.
Automotive Spare Tire Carrier Market: Segments
The Automotive Spare Tire Carrier Market can be segmented on the basis of Material type, Fitment type, sales channel, vehicle type, and region
On the basis of the material type, the Automotive Spare Tire Carrier Market can be segmented as:
  • Aluminum
  • Steel
  • Plastic
  • Polyurethane
  • Rubber
On the basis of the fitment type, the Automotive Spare Tire Carrier Market can be segmented as:
  • Vehicle Specific
  • Universal Fit
On the basis of the sales channel, the Automotive Spare Tire Carrier Market can be segmented as:
  • OEM (Original Equipment Manufacturer)
  • Aftermarket
On the basis of the Vehicle type, the Automotive Spare Tire Carrier Market can be segmented as:
  • Passenger Car
    • Mid-size
    • Compact
    • Luxury
    • SUVs
  • Light Commercial Vehicle (LCV)
  • Heavy Commercial Vehicle (HCV)
Automotive Spare Tire Carrier Market: Regional Outlook
In developed nations such as The U.S., EU5 nations, Japan, South Korea is expected to generate prominent demand for automotive spare carrier owing to high automotive fleet size in the respective regions. The increasing production of commercial vehicles in North America and East Asia owing to increasing trade volume. The increasing production of the commercial vehicle is projected to fuel the demand for automotive spare tire carrier in North America and East Asia Market. Furthermore, emerging economies such as India, Brazil, and China is witnessing increasing usage of commercial vehicles for transportation and logistics activities. The growing transportation and logistics activities in the emerging economies are anticipated to boost the demand for automotive spare tire carrier in the near future. Some regions such as MEA, Asia Pacific, and Latin America has an inferior road infrastructure facilities. Weak quality Road infrastructure tends to the swelling rate of tires failures.  Tire failures are expected to drive the automotive spare tire carrier market positively to tackle emergency situations.
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Automotive Spare Tire Carrier Market: Key Participants
Examples of some of the market participants in the Automotive Spare Tire Carrier Market identified across the value chain include:
  • haacon hebetechnik GmbH
  • AL-KO KOBER SE
  • Outback Accessories Australia
  • Kaymar 4WD Accessories
  • Rhino-Rack USA, LLC
  • Wildenberg Parts
  • Pyrotek India Private Limited
  • Swan Enterprises
  • WILCO OFF-ROAD
  • Harbor Freight Tools USA Inc.
The Automotive Spare Tire Carrier research report presents a comprehensive assessment of the Automotive Spare Tire Carrier market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Automotive Spare Tire Carrier market segments such as geographies, application, and industry.
Reasons to Purchase this Report:
Accuracy and Quality
Our reports strive to offer superior quality reports based on authentic and accurate findings.
Customer Satisfaction
We aim to ensure that our client’s research needs are met with customized, top-of-the-line solutions.
Unmatched Expertise
Our analysts and consultants are among the best in their field and promise to deliver excellent market intelligence.
360-degree Analysis
We leave no stone unturned to give clients an exhaustive coverage of the industry.
Persistence Market Research’s proactive approach identifies early innovation opportunities for clients in the global automotive sector. Our insights on next-generation automotive technologies such as connected cars, automotive emissions control, vehicle-to-vehicle (V2V), autonomous cars, electric and hybrid vehicles, and augmented reality dashboards ensure clients stay at the forefront of innovation.
Our competencies go beyond regular market research to deliver tailored solutions in an industry marked with increasing environment regulations, evolving consumer preferences, and a shifting landscape of emerging markets. 
Report Highlights:
  • Shifting Industry dynamics
  • In-depth market segmentation
  • Historical, current and projected industry size Recent industry trends
  • Key Competition landscape
  • Strategies of key players and product offerings
  • Potential and niche segments/regions exhibiting promising growth
  • A neutral perspective towards market performance
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Amplification Sda Market Manufacturing Index Study during forecast period 2019 - 2029

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