Electric Motors for IC Engine Vehicles Market by Vehicle Type and Geography - Forecast and Analysis 2022-2026

Published: Jul 2022 Pages: 133 SKU: IRTNTR74037

The electric motors for IC engine vehicles market share is expected to increase by 419.26 million units from 2021 to 2026, at a CAGR of 4.51%.

This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by vehicle type (passenger car, commercial vehicle, and two-wheeler) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The market report also offers information on several market vendors, including AMETEK Inc., Arc Systems Inc., BorgWarner Inc., Brook Crompton Group, Brose Fahrzeugteile SE and Co. KG, Continental AG, Delphi Technologies Plc, DENSO Corp., Emerson Electric Co., Energica Motor Co. Inc., Hitachi Ltd., Johnson Electric Holdings Ltd., Marelli Holdings Co. Ltd., Mazda Motor Corp., Mitsuba Corp., Mitsubishi Electric Corp., Nidec ASI SpA, Regal Rexnord Corp., Robert Bosch GmbH, and Valeo SA among others.

What will the Electric Motors for IC Engine Vehicles Market Size be During the Forecast Period?

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Electric Motors for IC Engine Vehicles Market: Key Drivers, Trends, and Challenges

The growing adoption of power window systems is notably driving the market growth, although factors such as stringent fuel emission and fuel efficiency regulations affect demand for internal combustion engine (ICE) vehicles, which may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric motors for the IC engine vehicles industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electric Motors for IC Engine Vehicles Market Driver

The growing adoption of power window systems is one of the key drivers supporting the market growth. The demand for safety and occupant convenience is a key driver fostering the adoption of advanced automobile safety systems. Nowadays, safety and convenience features are not limited to premium vehicles but are also provided in mid-level and entry-level vehicles. This is fostering the adoption of automobile safety systems, such as power window systems, and subsequently, fostering the demand for automotive power window motors. However, the penetration of the power window system is not only limited to the passenger car segment but also increasing in the commercial vehicle segment. Such increasing penetration of power window systems will drive market growth during the forecast period.

Key Electric Motors for IC Engine Vehicles Market Trend

Automakers involved in the production of in-house electric motors is one of the key market trends contributing to the market growth. For instance, automakers such as Tesla are producing their unique technology motors and providing them to other automakers, such as Daimler and Toyota. Daimler uses the induction motors and electric powertrain supplied by Tesla in its Mercedes Benz B class e drive. Such production is growing because though motors and other power electronics are given to OEMs by tier-1 suppliers and have the same performance, developing their motor through R&D allows them to build standalone goods in automotive markets. This realization by automakers to create competitive EVs has started the trend of in-house R&D and manufacturing of electric powertrain, especially electric motors. This, in turn, will contribute to the market growth during the forecast period.

Key Electric Motors for IC Engine Vehicles Market Challenge

Stringent fuel emission and fuel efficiency regulations affect demand for internal combustion engine (ICE) vehicles, which is hampering the market growth. Primarily, governments across the world are implementing stringent emission norms to reduce greenhouse gas (GHG) emissions from vehicles and control global warming to some extent. For instance, in June 2022, European Union confirmed its ban on ICEV in the continent. The ban insisted automakers cut emissions by 90% by 2035. As regulations aiming at reducing carbon dioxide, nitrous oxide, and other hydrocarbon emissions are very stringent, automakers are focusing on developing zero-emission vehicles (ZEVs) or vehicles that emit negligible emissions. On the other hand, as ICEVs continue to account for the majority of global automobile production, unfavourable disruptions in the ICEV industry are negatively impacting the growth of the market. Such regulations are expected to hamper the growth of the market in the coming years.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electric motors for the IC engine vehicles market during the forecast period.

Who are the Major Electric Motors for IC Engine Vehicles Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AMETEK Inc.
  • Arc Systems Inc.
  • BorgWarner Inc.
  • Brook Crompton Group
  • Brose Fahrzeugteile SE and Co. KG
  • Continental AG
  • Delphi Technologies Plc
  • DENSO Corp.
  • Emerson Electric Co.
  • Energica Motor Co. Inc.
  • Hitachi Ltd.
  • Johnson Electric Holdings Ltd.
  • Marelli Holdings Co. Ltd.
  • Mazda Motor Corp.
  • Mitsuba Corp.
  • Mitsubishi Electric Corp.
  • Nidec ASI SpA
  • Regal Rexnord Corp.
  • Robert Bosch GmbH
  • Valeo SA

 

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying growth strategies such as product differentiation, product portfolio, quality, and reliability to compete in the market.

Product Insights and News

  • Delphiautoparts.com - The company offers electric motors for IC engines such as hybrid electric vehicle motors.
  • Denso.com - The company offers electric motors for IC engines such as Motor Generators.
  • Hitachi.com - The company offers electric motors for IC engines such as Electric powertrain systems.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offer in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electric Motors for IC Engine Vehicles Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Electric Motors for IC Engine Vehicles Market?

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58% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for electric motors for IC engine vehicles in APAC. Market growth in this region will be slower than the growth of the market in Middle East and Africa.

Increasing adoption of power window systems in commercial vehicles will facilitate the market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had a negative impact on the regional market. However, the lifting of COVID-19-related lockdown restrictions, the resumption of operations in the automotive industry, and the initiation of large-scale COVID-19 vaccination drive positively impacted the growth of the regional market in 2021. This, in turn, is expected to continue during the forecast period as well.

What are the Revenue-generating Vehicle Type Segments in the Electric Motors for IC Engine Vehicles Market?

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The market share growth by the passenger car segment will be significant during the forecast period. The growing sales of passenger cars, especially the entry-level segment, act as a driver for the market. In addition, the growth in the demand for larger utility vehicles, such as sport-utility vehicles (SUVs), crossovers, and multipurpose vehicles (MPVs), are further supplementing the growth of the market. Moreover, the increasing number of functionalities and areas of application of electric motors for ICEV is fueling the growth of the segment. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

 

Electric Motors for IC Engine Vehicles Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.51%

Market growth 2022-2026

419.26 mn units

Market structure

Fragmented

YoY growth (%)

4.94

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 58%

Key consumer countries

US, China, Japan, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AMETEK Inc., Arc Systems Inc., BorgWarner Inc., Brook Crompton Group, Brose Fahrzeugteile SE and Co. KG, Continental AG, Delphi Technologies Plc, DENSO Corp., Emerson Electric Co., Energica Motor Co. Inc., Hitachi Ltd., Johnson Electric Holdings Ltd., Marelli Holdings Co. Ltd., Mazda Motor Corp., Mitsuba Corp., Mitsubishi Electric Corp., Nidec ASI SpA, Regal Rexnord Corp., Robert Bosch GmbH, and Valeo SA

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Electric Motors for IC Engine Vehicles Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive market growth during the next five years
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behaviour
  • The growth of the electric motors for IC engine vehicles industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Vehicle Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (million units)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (million units)
    • Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Vehicle Type

  • 5.1 Market segments
    • Exhibit 24: Chart on Vehicle Type - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Vehicle Type - Market share 2021-2026 (%)
  • 5.2 Comparison by Vehicle Type
    • Exhibit 26: Chart on Comparison by Vehicle Type
    • Exhibit 27: Data Table on Comparison by Vehicle Type
  • 5.3 Passenger car - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Passenger car - Market size and forecast 2021-2026 (million units)
    • Exhibit 29: Data Table on Passenger car - Market size and forecast 2021-2026 (million units)
    • Exhibit 30: Chart on Passenger car - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Passenger car - Year-over-year growth 2021-2026 (%)
  • 5.4 Commercial vehicle - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Commercial vehicle - Market size and forecast 2021-2026 (million units)
    • Exhibit 33: Data Table on Commercial vehicle - Market size and forecast 2021-2026 (million units)
    • Exhibit 34: Chart on Commercial vehicle - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Commercial vehicle - Year-over-year growth 2021-2026 (%)
  • 5.5 Two-wheeler - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Two-wheeler - Market size and forecast 2021-2026 (million units)
    • Exhibit 37: Data Table on Two-wheeler - Market size and forecast 2021-2026 (million units)
    • Exhibit 38: Chart on Two-wheeler - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Two-wheeler - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Vehicle Type
    • Exhibit 40: Market opportunity by Vehicle Type (million units)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 44: Chart on Geographic comparison
    • Exhibit 45: Data Table on Geographic comparison
  • 7.3 APAC - Market size and forecast 2021-2026
    • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 (million units)
    • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 (million units)
    • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 (million units)
    • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 (million units)
    • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 North America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 (million units)
    • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 (million units)
    • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 (million units)
    • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 (million units)
    • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 (million units)
    • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (million units)
    • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 China - Market size and forecast 2021-2026
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 (million units)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 (million units)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.9 US - Market size and forecast 2021-2026
    • Exhibit 70: Chart on US - Market size and forecast 2021-2026 (million units)
    • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 (million units)
    • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.10 Japan - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 (million units)
    • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 (million units)
    • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.11 India - Market size and forecast 2021-2026
    • Exhibit 78: Chart on India - Market size and forecast 2021-2026 (million units)
    • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 (million units)
    • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.12 Germany - Market size and forecast 2021-2026
    • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 (million units)
    • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 (million units)
    • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 86: Market opportunity by geography (million units)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 Delphi Technologies Plc
    • Exhibit 93: Delphi Technologies Plc - Overview
    • Exhibit 94: Delphi Technologies Plc - Business segments
    • Exhibit 95: Delphi Technologies Plc - Key offerings
    • Exhibit 96: Delphi Technologies Plc - Segment focus
  • 10.4 DENSO Corp.
    • Exhibit 97: DENSO Corp. - Overview
    • Exhibit 98: DENSO Corp. - Business segments
    • Exhibit 99: DENSO Corp. - Key news
    • Exhibit 100: DENSO Corp. - Key offerings
    • Exhibit 101: DENSO Corp. - Segment focus
  • 10.5 Hitachi Ltd.
    • Exhibit 102: Hitachi Ltd. - Overview
    • Exhibit 103: Hitachi Ltd. - Business segments
    • Exhibit 104: Hitachi Ltd. - Key news
    • Exhibit 105: Hitachi Ltd. - Key offerings
    • Exhibit 106: Hitachi Ltd. - Segment focus
  • 10.6 Johnson Electric Holdings Ltd.
    • Exhibit 107: Johnson Electric Holdings Ltd. - Overview
    • Exhibit 108: Johnson Electric Holdings Ltd. - Business segments
    • Exhibit 109: Johnson Electric Holdings Ltd. - Key offerings
    • Exhibit 110: Johnson Electric Holdings Ltd. - Segment focus
  • 10.7 Marelli Holdings Co. Ltd.
    • Exhibit 111: Marelli Holdings Co. Ltd. - Overview
    • Exhibit 112: Marelli Holdings Co. Ltd. - Product / Service
    • Exhibit 113: Marelli Holdings Co. Ltd. - Key news
    • Exhibit 114: Marelli Holdings Co. Ltd. - Key offerings
  • 10.8 Mazda Motor Corp.
    • Exhibit 115: Mazda Motor Corp. - Overview
    • Exhibit 116: Mazda Motor Corp. - Business segments
    • Exhibit 117: Mazda Motor Corp. - Key offerings
    • Exhibit 118: Mazda Motor Corp. - Segment focus
  • 10.9 Mitsuba Corp.
    • Exhibit 119: Mitsuba Corp. - Overview
    • Exhibit 120: Mitsuba Corp. - Business segments
    • Exhibit 121: Mitsuba Corp. - Key offerings
    • Exhibit 122: Mitsuba Corp. - Segment focus
  • 10.10 Nidec ASI SpA
    • Exhibit 123: Nidec ASI SpA - Overview
    • Exhibit 124: Nidec ASI SpA - Product / Service
    • Exhibit 125: Nidec ASI SpA - Key offerings
  • 10.11 Robert Bosch GmbH
    • Exhibit 126: Robert Bosch GmbH - Overview
    • Exhibit 127: Robert Bosch GmbH - Business segments
    • Exhibit 128: Robert Bosch GmbH - Key news
    • Exhibit 129: Robert Bosch GmbH - Key offerings
    • Exhibit 130: Robert Bosch GmbH - Segment focus
  • 10.12 Valeo SA
    • Exhibit 131: Valeo SA - Overview
    • Exhibit 132: Valeo SA - Business segments
    • Exhibit 133: Valeo SA - Key news
    • Exhibit 134: Valeo SA - Key offerings
    • Exhibit 135: Valeo SA - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 136: Inclusions checklist
    • Exhibit 137: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 138: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 139: Research methodology
    • Exhibit 140: Validation techniques employed for market sizing
    • Exhibit 141: Information sources
  • 11.5 List of abbreviations
    • Exhibit 142: List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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electric motors for ic engine vehicles market market

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Key Questions Answered

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  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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