Automotive

Format: 2017-01-19
Format: 2017-01-19
December 16, 2016 | 52 Pages | SKU: IRTNTR11161

Overview of the global DOC and DPF market

Technavio’s market research analyst predicts the global DOC and DPF market to grow at a CAGR of more than 7% between 2016 and 2020. Factors like the implementation of vehicular emission norms such as Euro 6 emission standards for commercial diesel vehicles and passenger cars and real-world emission testing procedures for diesel vehicles are primarily driving the DOC and DPF market. With the rise in global pollution levels prompting the governments to implement more stringent regulations on vehicular emissions, the DOC and DPF sales will increase exponentially. Moreover, with the growing demand for fuel efficiency in vehicles due to the volatility of fuel prices, OEMs are strategizing to improve fuel economy and power output of their vehicles, leading to the greater installation of the DOC and DPF.

One of the latest trends gaining traction in the market is the proliferation of advanced Euro emission standards including Euro 5 and Euro 6 across the globe. Several emerging economies, such as Brazil, China, India, and Russia (BRIC countries), are following and adopting emissions norms similar to Euro emission standards. Technavio expects that the emission standards would be further regulated with stricter norms by 2020. The Indian government is currently planning to implement Bharat 5 by 2020 and Bharat 6 by 2025, which are equivalent to Euro 5 and Euro 6 emission standards.

Competitive landscape and key vendors

The global DOC and DPF market are extremely competitive with the presence of a limited number of well-established vendors. These players are focusing on increasing their customer base and increasing their investments in R&D. The competitive environment in the market is likely to intensify in the coming years with advances in technology and government regulations. Also, OEMs are expected to get into long-


December 16, 2016 | 58 Pages | SKU: IRTNTR11165

Overview of the global motorcycle rental market

According to Technavio’s market research analyst, the global motorcycle rental market will witness moderate growth and post a CAGR of almost 5% by 2020. Much of this growth can be attributed to the recent increase in the number of motorcycle tourer communities and events. Motorcycle tourer communities form an important part of the overall motorcycle rental market and involve renting and riding a touring motorcycle optimized for long distance travel wherein the travel routes are pre-planned and stretched for days. Motorcycle tourism also constitutes a part of adventure sports, where the motorist would have to undertake camping as well as attend motorcycle rallies on the way. It has also been noted that Canada and the US account for the largest motorcycle tourism market with about USD 13 billion a year for weekend motorcycle touring events and USD 34 billion for motorcycle touring vacations. Trends in the US and Canada indicate that a majority of the motorcycle riders come from the mature population, who are aged 50 years or more.

Another important factor that is anticipated to foster market growth is the increased dependence on technology to increase customer base. At present, most motorcycle rental operators have started using technology to provide convenience to customers. Most operators are also trying to streamline their membership procedures to make motorcycles available to the customer within a minimal time. The high penetration rate of the Internet and the subsequent penetration of smartphone users in the economy are the main drivers for the increased dependency on technology. Consequently, most of the motorcycle rental companies in the organized sector have started depending heavily on their mobile-based applications and online websites for business. The same medium is also used for communicating the fare, discount coupons, promotional offers,


December 16, 2016 | 50 Pages | SKU: IRTNTR11169

Global market overview for luxury yachts

In terms of revenue, the global luxury yacht market is anticipated to witness steady growth and will post an impressive CAGR of over 7% by 2020. The recent increase in tourism and recreational events across the globe is a significant factor responsible for the strong growth of this market during the forecast period. Tourism is a significant contributor to the economic growth, employment opportunities, and social development across the globe. It also plays an important role in the luxury yacht market, wherein, commercial or fleet operators form a significant part of the business. Europe has one of the largest and attractive ports for yachts. The Port of Rotterdam in the Netherlands is Europe's largest yacht port, where approximately 77 yachts are docked for luxury tourists. At present, it has been noted that the number of tourists from developing countries such as China, India, and Russia is increasing. Since these tourists spend three times more money than what they spend locally, governments of countries that are major tourist destinations, such as the European government, are encouraging tourist spending by allowing tax-free shopping of luxury goods.

The recent shift towards the use of advanced materials in yacht building is another noteworthy factor responsible for the growth of this market. Traditionally, most of the yachts were built using either steel or aluminum, which increases their weight and reduces their fuel efficiency. As a result, most manufacturers have started using alternative materials such as glass-fiber-reinforced materials or pure carbon fiber as they help reduce the overall weight of the yacht. Additionally, the ability of these materials to make the boat much faster and fuel efficient will result in their extensive use during the forecast period.

Competitive landscape and key vendors

The global luxury yacht


December 15, 2016 | 71 Pages | SKU: IRTNTR11151

Global outlook of the electric trike market

In terms of units, the global electric trike market is expected to grow steadily during the forecast period and post an impressive CAGR of more than 43% by 2020. This industry research report identifies the introduction of policies and electric mobility subsidies from the governments of various countries to be one of the major factors that will have a positive impact on the growth of the electric trike bike market in the coming years. To increase the adoption of electric vehicles, several governments across the globe are providing subsidies in the form of financial incentives. These incentives reduce the pricing gap between electric vehicles and internal combustion engine vehicles, and will, in turn, drive the adoption of electric vehicles. For instance, the US government offers a Federal tax credit of 10% on the purchase price of electric vehicles and also offers a 30% tax credit on the purchase of charging equipment. Similarly, the German government has exempted electric vehicles from the annual circulation of tax for the first ten years, and the government of France provides incentives for motorcycles depending on CO2 emission reductions. Such incentives will increase the focus of original equipment manufacturers (OEMs) towards the development of electric trike scooters.

This market research and analysis estimates that in terms of geographical regions, Europe will be the major revenue contributor to the tricycle electric bike market throughout the predicted period, where countries such as France, Italy, and Germany accounted for the major market shares during 2015. The rising


December 15, 2016 | 50 Pages | SKU: IRTNTR11157

Overview of the global turbocharger market for commercial vehicles

The global turbocharger market for commercial vehicles is anticipated to grow at a steady rate and will post a CAGR of more than 8% during the forecast period. According to the industry research report, the growing demand for low emission vehicles will drive the growth prospects for the global turbocharger market until the end of 2020. Many countries across the globe are taking initiatives to reduce carbon emissions. For instance, European Union (EU) is implementing stringent rules across all sectors of the economy to control greenhouse gas (GHG) emissions and is taking Historic Commercial Vehicle (HCVs) and the road freight sector into consideration to achieve this goal. It has been observed that the HCV segment is the second largest segment in the US and collectively contributes the highest emissions and energy use in the US transportation sector. To improve fuel efficiency and cut down on carbon emissions, the US Environmental Protection Agency (EPA) and the US Department of Transportation's National Highway Traffic Safety Administration (NHTSA) have endeavored jointly to fix the standards for MCVs and HCVs.

The growing use of titanium compressor wheels will drive the growth prospects for the global turbocharger market for commercial vehicles in the forthcoming years. Compressor wheels are usually made from aluminum alloys because these alloys exhibit an excellent ratio between strength, density, and casting ability. However, at present almost all the major tier-1 suppliers are using titanium aluminide compressor wheels in their turbochargers. Some of the major factors responsible for the growing preference of titanium compressor wheels include the endurance to high temperature, low weight, low inertial drag, high responsiveness, and ability to function under high pressure.

Competitive landscape and key vendors


December 12, 2016 | 89 Pages | SKU: IRTNTR11094

Overview of the global commercial vehicle remote diagnostics market

The global commercial vehicle remote diagnostics market is anticipated to grow rapidly and will post a CAGR of more than 19% during the forecast period. The increasing focus on sudden breakdown avoidance and reduced maintenance costs will drive the growth prospects for the global commercial vehicle remote diagnostics market until the end of 2021. It has been noted that customers are increasingly looking for systems that have the ability to alert the driver about servicing schedules based on fault codes, which can prevent cascading failures in vehicle systems. As a result, repair costs go down, which eventually drives the growth rate in the market. In addition, the manufacturers increasingly focus on developing sensors that can alert the driver about the predicted occurrence of a critical failure in the vehicle’s systems. Such a safety sensor allows the driver to stop the vehicle instantly and avoid a collision. These sensors are engineered to flash the malfunction indicating light, on exceeding certain parameters or send diagnostic data to the original equipment manufacturer’s (OEM’s) centralized cloud-based diagnostic service centers.

The increasing mobile phone integration with telematics systems and vehicle diagnostics based insurance programs will drive the growth prospects for the market in the coming years. One of the major factors responsible for the increasing trend of phone integration is the higher financial benefits associated with such practices. As a result, the demand for a connected car increases in the market on a global level. Another factor responsible for the growing demand is the prognostic capabilities associated with the remote diagnostic system, where a


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