Automotive Pillar Market is anticipated to witness a CAGR of 3.9% from 2017 to 2027
A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5903
Growth in Automotive Industry to Boost Adoption
Rapid industrialisation, urbanisation, and economic growth across the globe is boosting the demand for automobiles in the market, which in turn is accelerating the demand for automotive pillars. The rising disposable income of consumers is impelling investors to invest more in the automotive industry. A significant rise in the total automotive production from 95.6 Mn in 2016 to 96.2 Mn in 2017 exhibits that the demand for automobiles is increasing with every passing year in the global market, which in turn is expected to significantly boost the progress of the global automotive pillar market. Incessant increase in global population from around 6.9 Bn in 2010 to above 7 Bn in 2016 has acted as a boon for the automotive industry as well as the related industries. Additionally, high standards of living of consumers across several regions, especially developing economies is projected to accelerate the growth of the automobile industry, which in turn is anticipated to drive the market of automotive pillars globally.
Moreover, government and ruling authorities across the globe have imposed stringent regulations regarding the safety of passengers. If any irregularities are to be found, then the manufacturer is likely to be charged with heavy penalties and at the top of that, it also puts forward a negative image for the company among consumers and in the global market. These strict government policies are expected to drive the demand for automotive pillars as pillars act as the core structural support for the vehicle body and are responsible for providing a safe and comfortable driving experience to the driver as well as the passengers.
Use of Automotive Pillars to be High in Passenger Cars
Passenger cars employ automotive pillars to the maximum as manufacturers of passenger cars focus on the safety aspect in passenger cars of various price ranges in order to adhere to and comply with the standards imposed by governments and regulatory bodies. Passenger cars accounted for a share of around 76% in the global automotive pillar market in 2017 and are expected to continue their reign over the market, increasing at a stable rate. As a result, LCVs and HCVs are expected to witness an unfortunate decline in their shares.
Read Comprehensive Overview with Methodology of Report @ https://www.futuremarketinsights.com/askus/rep-gb-5903
Product Reliability to be Primary Concern of Manufacturers
Manufacturers of automotive pillars are incessantly focussing on enhancing their product quality and are striving to augment their consumer base. Some of the leading companies operating in the global automotive pillar market are KIRCHHOFF Automotive GmbH, Gestamp, Toyoda Iron Works Co., Ltd., Magna International Inc., and Aisin Seiki Co., Ltd. The struggle to acquire patents for new developments is expected to trigger competition in the market.
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Pillar Market is anticipated to witness a CAGR of 3.9% from 2017 to 2027 here
News-ID: 1629213 • Views: 141
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Automotive
Automotive Sunroof Market
Automotive Sunroof is a fixed or operable opening in vehicle that allows light or fresh air to enter inside a car. Sunroof are of many shapes and sizes and styles and they are either manually driver or motor driven. Increasing demand for premium cars and growing need to control light inside the vehicle is fueling the growth of automotive sunroof market. The major driver influencing the growth of automotive sunroof is
Automotive MEMS Sensor
The Insight Partners added “Laser Technology Market to 2025” to its research database. The report is spread across 150 pages and supported by 10 company leaders. A laser is a coherent and focused beam of photons; coherent, in this context, means that it is all one wavelength, unlike ordinary light which showers on us in many wavelengths. Laser technology is used for an extensive range of professional field measurement applications which
Automotive Air Filter Market
An automotive air filter is a device that is made up of fibrous materials that removes solid particulates like pollen, dust, bacteria, and mould from the intake air. A chemical type of air filter consist of a catalyst or absorbent for removing molecular contaminants like ozone or volatile organic compounds. Air filters are being used in applications where air quality is of vital importance, notably in building ventilation systems and
Automotive Fasteners Market
Fasteners are the mechanical components that holds, joins or affixes two or more parts together, automotive industry is the largest market for the fastener. Automotive fasteners are made up of various materials such as Iron, Aluminum, Brass, Nickel, Stainless steel, Plastic, they are further classified with their distinct characteristics. Automotive fasteners are generally used for the clamping parts of vehicle together to avoid their separation or wobbling, transmitting loads as
Automotive Tires Market
The automotive tires play a very important role in vehicle performance along with the vehicle engine. A tire should be fine enough to carry vehicle weight and pressure on any road with superior breaking performances. The manufacturers focus on enhancing the production and performance capabilities of tires to meet with the growing demands of OEMs as well as secondary market.The automotive tires market is expected to grow rapidly in the
Automotive Actuators Market 2017 - AK, FTE automotive
MarketReports.biz’s Automotive Actuators market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. Request for sample @ https://goo.gl/auN0LC The Players mentioned in our report AK FTE automotive The report includes the forecasts, Analysis and discussion of important industry trends,