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The adhesives industry serves as the backbone of key manufacturing processes, spanning automotive , packaging , electronics , aerospace , construction , and healthcare sectors, among others. Pressure-sensitive adhesives (PSAs) create bonds without heat, water, or solvents, catering to industries like healthcare, automotive, and packaging.
New analysis shows UK automotive sector can fuel £50 billion of green growth over next decade – with the right conditions in place. 1 The analysis forms the basis for Vision 2035: Ready to Grow , published today at the 16th SMMT International Automotive Summit. million new zero emission cars on the road during that time.
While the International Aluminium Institute (IAI) reports a global recycling rate of 76%, the demand for aluminum is continuing to rise and is expected to increase 40% by 2030. Since it’s indestructible, aluminum changes form when it enters the natural world. That amounts to 33.3 million more tons and totals reaching 119.5
“Hyundai will strengthen its position…by expanding beyond vehicle manufacturing to various forms of mobility. The company aims to have a full EV lineup of 21 models by 2030 and is set to develop new, affordable NCM batteries and safety technologies. million units by 2030 and achieving 2 million EV sales by the same year.
A major transition in the UK’s automotive factories is underway with manufacturers retooling to build the very latest and greenest models. As SMMT’s Manifesto 2030 sets out, whoever forms the next government can build on the billions already invested by industry with five key pledges. Further details can be found here.
By Benson Augustine, Program Manager – Mobility The global automotive aftermarket is witnessing a paradigm shift as circular economy initiatives gain momentum. Revenues of the global remanufactured automotive components market are projected to rise from $27 billion in 2022 to $42 billion by 2030.
Overall sales across 10 Caribbean and Central American automotive markets set to surpass 300,000 units by 2030, with battery electric vehicles (BEVs) doubling their share from current levels. At the same time, the shift toward digital retailing and online dealerships is transforming how consumers interact with automotive brands.
million by 2030, with all major automakers aggressively expanding their EV portfolios in the quest for zero emissions. A Booming eMobility Aftermarket is Expected Emerge by 2030. However, Frost & Sullivan estimates this will expand to 32 GWh of retired battery capacity by 2030. GWh due to low BEV sales in the early 2010s.
Chinese Tier 1 automotive suppliers have emerged as pivotal players in the rapidly transforming global automotive market, leveraging their technological capabilities and innovation to capture significant global market share. Moreover, the emphasis on R&D and innovation is critical to the long-term success of Chinese suppliers.
With all major UK political parties now having set out their stall for the general election in three weeks’ time, whoever forms the next government must find a long-term strategy that supports our world leading automotive manufacturing base and vibrant new zero emission vehicle (ZEV) market – so that everyone, businesses and consumers, can thrive.
Market Landscape in 2023 For a variety of reasons ranging from supply chain disruptions to macroeconomic headwinds, passenger vehicle and pickup vehicle sales across the five main automotive markets of Indonesia, Malaysia, the Philippines, Thailand, and Vietnam dipped from 3.2 million in 2022 to 3.1 million units in 2023.
Even as Delhi reeled under a cold wave, there was plenty of heat and action at the country’s largest automotive show – Auto Expo 2023 which was returning after a hiatus. Electric vehicles (EVs) were, understandably, front and center with all the big automotive majors looking to showcase their latest models and concepts.
India is a fast-growing market for electric vehicles (EVs), with one study predicting that over 30% of the vehicles sold in India will be electric by 2030. References Sen, "30% vehicles in India will be electric by 2030: Study," The Times of India, 2022; Singh et al., "Li-Ion MA2021-02 294.
The trend in the auto industry points to a world which is EACSY, short form for electrified, automated, connected, shared, yearly update,” said Latha Chembrakalam, head of Technical Centre India, Continental Automotive India, at the India Altair Technology Conference 2022. This is expected to go up to 300 million by 2030.
trillion by 2030. We see the acquisition of ShareNow as the next strategic step towards meeting Stellantis’ Dare Forward 2030 goal of 15 million customers and €2.8 billion (Rs 22,400 crore) in revenue by 2030. A Unique Marketplace Solution. Our Global Shared Mobility Market Outlook, 2022 forecasts overall revenues to surpass $1.9
Powertrain diversification, connected cars, and new mobility models will further impact market dynamics By Ingrid Schumann, Industry Analyst – Mobility In March this year, leading automaker Stellantis announced the “largest investment in the history of the Brazilian and South American automotive industry.”
Hyundai Motor Group plans to increase production and sales of electric vehicles to more than 3 million units by 2030. The post Korean Automotive Industry Rapidly Shifting to Electric Vehicles appeared first on SMMT. Korea plays an important role in EV development. Please email angelaryu@kotra.co.uk for details.
million in 2021, accounting for around a 9% share of the global automotive market. Simultaneously, Saudi Arabia’s fledgling EV market is slowly gaining traction as consumers look to less polluting, more environmentally-friendly forms of transport. The IEA states that global EV sales doubled to nearly 6.6
Turns out Volkswagen’s infamous “Dieselgate” was not deterrent enough, and Fiat Chrysler Automobiles (FCA) has become the latest automotive company to be indicted for attempting to cheat its way past emissions testing regulations. The judgment comes after FCA merged with French Peugeot maker PSA in 2021 to form Stellantis.
The recent partnership between German auto giant, BMW, and leading cloud computing solutions provider Amazon Web Services (AWS) underlines the critical need for effectively handling, processing, managing, and protecting vehicle data at a time when the automotive ecosystem is being transformed by C.A.S.E.
Sustainability is at the heart of disruptive transformation across the automotive industry. Its pursuit, whether in the form of vehicle electrification or circular economy practices, is driving change across the entire ecosystem. Sustainability and the Automotive Industry.
million units by 2030. To learn more, please access: Growth Opportunities in China’s Electric Vehicle Industry, 2024-2030 , Strategic Profile of BYD , ASEAN Automotive Market Outlook, 2024 , or contact sathyanarayanak@frost.com for information on a private briefing. As a result, the EV market is projected to surge from 8.9
billion by 2030, driven by rising demand from industries and corporate sustainability agendas and targets (including limited consumption of raw materials and decarbonization). Carbon black is a form of elemental carbon used primarily as a pigment and reinforcement in tires and other automotive parts. About Frost & Sullivan.
Leading US-based automotive supplier BorgWarner is amping up its electrification journey – encapsulated in the “Charging Forward” initiative – and its commitment to sustainable mobility solutions. Schedule your Growth Pipeline Dialog™ with the Frost & Sullivan team to form a strategy and act upon growth opportunities: [link].
Surging investments target 200,000 fuel cell electric vehicle (FCEV) units by 2030. Infrastructure investments in hydrogen refueling stations, proactive government support in the form of subsidies, incentives, tax credits, and progressive regulatory policy are fast-tracking the development of the nascent hydrogen ecosystem.
Automakers and their suppliers have long been participants in unfair trade investigations before the International Trade Commission (“ITC”), but the scope and subject matter of automotive-related investigations is evolving. § 1337) authorizes the ITC to issue an injunction in the form of an exclusion order. 337-TA-928.
The evolution of HUDs from aviation to automotive engineering The history of HUDs dates back to the 1940s, when they were first used in the weapon sights of fighter planes. The technology quickly spread to the automotive sector. Outlook: the future of HUD The future of automotive HUDs is promising and innovative.
British automotive manufacturing plants reduce CO 2 emissions by -2.8% 2 While Britain is scaling up its EV output, battery production is lagging behind, with up to 90GWh of gigafactory capacity needed by 2030 to meet the UK’s EV manufacturing needs. to deliver lowest carbon footprint on record.
The automotive sector is the largest transport sector, with some 80-90 million cars sold each year globally. To learn more, the new IDTechEx report, “ Electric Cars 2023-2043 “, provides a deep-dive into future automotive markets with long-term granular forecasts. Indeed, a global fleet of approximately 1.1
Around 25,000 tonnes of blades will reach the end of their operational life every year by 2025, this number could increase to 52,000 tonnes by 2030, according to industry trade body WindEurope. They’re made of two forms of hardy plastic resins: thermosets and thermoplastics. Blades, on the other hand, are not.
Technological innovation in the form of advanced data analytics, electrification, automation/robotics and autonomous trucks, together with novel waste-to-energy solutions, are set to support long-term growth in the global refuse hauler market.
by 2030 under an accelerated growth scenario, driven by domestic manufacturing, technological advancements, and effective policies. Clean Energy Transition Challenges: The transition to clean energy in the US is complex but advancing, with automotive companies forming agreements with recycling companies.
by 2030 under an accelerated growth scenario, driven by domestic manufacturing, technological advancements, and effective policies. Clean Energy Transition Challenges: The transition to clean energy in the US is complex but advancing, with automotive companies forming agreements with recycling companies.
The automotive industry was upbeat about India’s latest Union Budget 2023-2024 which was unveiled by Finance Minister Nirmala Sitharaman on February 1. Top Highlights for the Automotive Industry 1. Capital investments registered a significant hike for the third year in a row.
According to the International Energy Agency, close to 250 million EVs will be on the world’s roads by 2030. Schedule your Growth Pipeline Dialog™ with the Frost & Sullivan team to form a strategy and act upon growth opportunities: [link]. A Second Lease of Life.
Much like the smartphone industry, evolving user behavior and expectations are underpinning human-machine interface (HMI) driven applications and experiences in the automotive industry. Schedule your Growth Pipeline Dialog™ with the Frost & Sullivan team to form a strategy and act upon growth opportunities: [link].
Established technologies, distribution networks, and supply chains will support steady growth until the end of 2030. It has combined with Powerfleet to create a top-tier global automotive IoT SaaS provider. This growth phase will likely see increased activity from international players and local OEMs.
Established technologies, distribution networks, and supply chains will support steady growth until the end of 2030. It has combined with Powerfleet to create a top-tier global automotive IoT SaaS provider. This growth phase will likely see increased activity from international players and local OEMs.
Established technologies, distribution networks, and supply chains will support steady growth until the end of 2030. It has combined with Powerfleet to create a top-tier global automotive IoT SaaS provider. This growth phase will likely see increased activity from international players and local OEMs.
Nano Dimension serves over 2,000 customers across vertical target markets such as aerospace & defense, advanced automotive, high-tech industrial, specialty medical technology, R&D and academia. The company designs and makes Additive Electronics and Additive Manufacturing 3D printing machines and consumable materials.
When there is limited or no connectivity, the system still needs to operate continuously and seamlessly,” says Tomasz Dzikowski, automotive product manager at video user experience specialists 3SS. P3 recently partnered with 3SS to co-develop an in-car infotainment system built on Android Automotive OS.
Stellantis, which was formed last year with the merger of Fiat Chrysler and France’s PSA Peugeot, said net revenue reached 88 billion euros ($89.86 Stellantis has plans to sell 5 million electric vehicles by 2030, with 50% of its North American passenger car and light truck sales going fully electric by 2030.
TransJakarta currently operates 30 electric buses which it hopes to grow to 100 by the end of 2022; 1000 in 2023; 3,000 in 2025; and 10,000 by 2030. As a signatory to the Paris Agreement, Indonesia is bound to cut greenhouse gas emissions by 29% by 2030 and has declared its intention to transition to net zero emissions by 2050.
From motorhomes to camper vans and caravans, camping and adventure activities to commercial applications in the form of food trucks, mobile office spaces, and emergency vehicles, from individual ownership to rentals, the European recreational vehicles (RV) market is on a growth trajectory.
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