Press release
Discover the Automotive Damper Pulley Market gain impetus due to the growing demand over 2027
The market for osteoporosis drugs is expected to reach rise at a CAGR of 12.1 percent during the forecast period. Upsurge in demand for the more advanced automotive components from consumer end is driving the growth of the automotive damper pulley market.
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AUTOMOTIVE DAMPER PULLEY MARKET SEGMENTATION:
By Material Type
Metal based Automotive Damper Pulley
Nylon based Automotive Damper Pulley
Other Automotive Damper Pulley
By Vehicle Type:
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
By End Use:
OEM
Aftermarket
By Region:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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REGIONAL INSIGHT:
North America is likely to be the most profitable region throughout forecast period. This is attributed to the fact that the North America is a developed automotive market. In addition, the region has high saturation for technologically advanced products. Moreover, a large share of commercial vehicles and passenger cars in this region are equipped with innovative pulley technologies such as light weight damper pulley system. This factor further fuels growth of the market in North America. Furthermore, significant growth in sales of sports and luxury vehicles in the region has led to the adoption of advanced technology based automotive components.
In addition to this, Europe is one of the major region holding a considerable share in global automotive damper pulley market. This is attributed to the huge automotive manufacturing sector in this region that has led to the higher production of automotive cars. In addition to this, automakers are continuously focusing towards reducing carbon emissions of their vehicles and to ensure adherence to several emission norms in the region. This factor further propels the demand for efficient automotive damper pulley. For instance, according to the European Commission, cars are responsible for about 12% of total EU emissions of carbon dioxide (CO2), the main greenhouse gas. Therefore, on April 17, 2019, the European Parliament and the Council adopted Regulation (EU) 2019/631 which presents new CO2 emission performance standards for new passenger cars and new vans for 2025 and 2030.
Asia-Pacific region is projected to witness highest growth rate during the forecast period due to the presence of emerging economies such as China and India that are expected to gain high traction in the upcoming years owing to the high consumption as well as production of the vehicle.
FEW KEY PLAYERS IN OXYTOCIN MARKET:
Sintercom India Ltd.
Dayco
Gates Corporation
Vibracoustic
Keco Auto Industries
Horschel
GT Automotive
JTEKT Corporation
Zhejiang Dongxing Auto Parts Co., Ltd.
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