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Global automotive plastics market boosted by need to minimize CO2 emissions

Canadian Manufacturing

Global Automotive Plastics Market Boosted by the Need to Minimize CO2 Emissions. The stringent regulations for OEMs to meet sustainability targets will drive the automotive plastics sector. The stringent regulations for OEMs to meet sustainability targets will drive the automotive plastics sector. billion by 2028 from $31.29

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Automakers and Automotive Suppliers Look to Offset Tepid Vehicle Sales with Renewed Focus on the Aftermarket

Frost & Sullivan Manufacturing

Two recent acquisitions – Niterra EMEA GmbH’s of WhoCanFixMyCar.com and Stellantis South America’s of Norauto Argentina – underpin the growing focus of original equipment manufacturers (OEMs) and original equipment suppliers (OESs) on the automotive downstream channel. billion by 2028. billion by 2028.

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Global Automotive Plastics Market Boosted by the Need to Minimize CO2 Emissions

Frost & Sullivan Manufacturing

The stringent regulations for OEMs to meet sustainability targets will drive the automotive plastics sector. Frost & Sullivan’s recent analysis, Global Automotive Plastics Growth Opportunities, finds that original equipment manufacturers (OEMs) need for lightweight materials expedites the automotive plastics industry.

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US Electric Vehicle (EV) Tax Credits Signal New Era for Automotive Policy

Frost & Sullivan Manufacturing

Like the mineral sourcing requirement, the required share of battery pack content will also progressively increase: 60% in 2024 and 2025, 70% in 2026, 80% in 2027, 90% in 2028, to finally 100% in 2029. The increasingly political dimension to EVs, in turn, is a consequence of the revival of industrial policy to bolster the automotive industry.

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Fast-Charging EV Battery Technology Getting Near

Gary Mintchell

” Through its ‘100inX’ product roadmap, StoreDot’s battery technology is delivering ‘Range on DemandTM’: 100 miles charged in 5 minutes in 2024, 100 miles charged in 4 minutes in 2026 and 100 miles charged in 3 minutes by 2028. StoreDot is on target for mass production readiness of 100in5 technology by 2024.

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Saudi Arabia is Poised to Transform into a Promising Hub for Future Vehicle Manufacturing

Frost & Sullivan Manufacturing

In the coming decade, Saudi Arabia will see its role in the globe’s automotive manufacturing scene shift gear, driven by strong growth in the Kingdom’s new car and aftermarket segment. What is the industry potential and at what rate is it expected to grow by 2028? What is the expected manufacturing capacity by 2030?

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Global manufacturing output to grow only 0.3% in 2024

Control Engineering

Between 2023 and 2028, machinery production (as a sub-sector of manufacturing) is expected to grow faster than the manufacturing sector overall. In 2024 growth will be negative for machinery production, before returning to positive figures in 2025 and maintaining sustained growth out to 2028. compared with just 2.4%