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  • Automotive Market in US Overview

    According to market research, the Automotive Market in US is expected to grow rapidly during the forecast period. The report provides an analysis of the growth drivers, major restraints, upcoming challenges, and prevailing opportunities in the global Automotive Market in US. It also includes a region-wise and segment-wise analysis of the dynamics and Automotive Market in US size.

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    North America (the United States, Mexico, and Canada.)
    South America (Brazil etc.)
    The Middle East and Africa (GCC Countries and Egypt.)
    Automotive Market in US Segmentation

    In 2021, the three-wheeler sector will have the most market share based on vehicle type. People frequently utilize three-wheelers as a form of short-distance transportation. The three-wheeler market benefits from Indian consumers' high price sensitivity since it offers affordable, short-distance passenger transportation. The country's expanding population is projected to sustain the need for transportation, hence it is anticipated that demand will stay constant over time. Because of their small size and restricted load carrying capability, three-wheelers are predicted to transition from conventional to electric vehicles earlier than their LCV counterparts. Since its introduction, e-rickshaws have been more popular all throughout the nation, especially in tier 2 and tier 3 cities.

    by Vehicle Type

    • Passenger Cars
    • Commercial Vehicles
    • Three Wheelers
    • Two Wheelers


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    • Petrol
    • Electric


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    • Tires
    • Seats
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    What is Automotive?
    What are the global Automotive Market in US trends?
    What are the emerging trends in the Automotive Market in US?
    What was the global Automotive Market in US size in 2022?
    What is the expected CAGR of the Automotive Market in US during the forecast period?
    What is the expected Automotive Market in US size by 2029?
    What factors are affecting the Automotive Market in US growth?
    Which region held the largest share of the global Automotive Market in US?
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    Past Market Size and Competitive Landscape (2018 to 2021)
    Past Pricing and price curve by region (2018 to 2021)
    Market Size, Share, Size & Forecast by different segment | 2023−2029
    Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
    Market Segmentation – A detailed analysis by segments with their sub-segments and region
    Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    Competitive landscape – Market Leaders, Market Followers, Regional player
    Competitive benchmarking of key players by region
    PESTLE Analysis
    PORTER’s analysis
    Value chain and supply chain analysis
    Legal Aspects of business by region
    Lucrative business opportunities with SWOT analysis
    Recommendations
    Table of content for the Automotive Market in US includes:

    Part 01: Executive Summary

    Part 02: Scope of the Automotive Market in US Report

    Part 03: Global Automotive Market in US Landscape

    Part 04: Global Automotive Market in US Sizing

    Part 05: Global Automotive Market in US Segmentation

    Part 06: Five Forces Analysis

    Part 07: Customer Landscape

    Part 08: Geographic Landscape

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    Part 13: Vendor Analysis

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    Automotive Market in US Overview According to market research, the Automotive Market in US is expected to grow rapidly during the forecast period. The report provides an analysis of the growth drivers, major restraints, upcoming challenges, and prevailing opportunities in the global Automotive Market in US. It also includes a region-wise and segment-wise analysis of the dynamics and Automotive Market in US size. Get a Free Sample Copy of the Report: https://www.maximizemarketresearch.com/request-sample/86405 Automotive Market in US Report Scope and Research Methodology The analyst has focused on the key market trends that are likely to impact new business investments and development in the Automotive industry. These trends include new technology, new regulations, government investment, new uses, foreign entry, and other industry dynamics. The study includes a detailed trend analysis to help clients make informed decisions about their Automotive Market in US presence. 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South America (Brazil etc.) The Middle East and Africa (GCC Countries and Egypt.) Automotive Market in US Segmentation In 2021, the three-wheeler sector will have the most market share based on vehicle type. People frequently utilize three-wheelers as a form of short-distance transportation. The three-wheeler market benefits from Indian consumers' high price sensitivity since it offers affordable, short-distance passenger transportation. The country's expanding population is projected to sustain the need for transportation, hence it is anticipated that demand will stay constant over time. Because of their small size and restricted load carrying capability, three-wheelers are predicted to transition from conventional to electric vehicles earlier than their LCV counterparts. Since its introduction, e-rickshaws have been more popular all throughout the nation, especially in tier 2 and tier 3 cities. by Vehicle Type • Passenger Cars • Commercial Vehicles • Three Wheelers • Two Wheelers by Fuel Type • Diesel • Petrol • Electric by Service • Mechanical • Exterior and Structural • Electrical and Electronics by Equipment • Tires • Seats • Batteries • Other Equipment Types Access a Free Sample Report: https://www.maximizemarketresearch.com/request-sample/86405 Automotive Market in US Key Players include: • GM • AM General • Toyota • Callaway Cars • Equus Automotive • Renault • Hyundai Motor Group • Ford • FCA • Honda • Tesla • Detroit Three • Chrysler LLC • Builk • GMC • Jeep • Monro Inc. • Firestone Complete Auto Care • Jiffy Lube International, Inc. • Midas International, LLC • Meineke Car Care Centers, LLC. Key Questions answered in the Automotive Market in US Report are: What is Automotive? What are the global Automotive Market in US trends? 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  • The global thermoplastic elastomers market is set to gain traction from the rising demand for bio-based products to increase sustainability and support environmental protection. Fortune Business Insights™ published this information in a new study, titled, “Thermoplastic Elastomers Market Size, Share & Industry Analysis, By Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others), By Application (Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the thermoplastic elastomers (TPEs) market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period.

    Information Source- https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515

    How is This Report Developed?

    We refer to secondary data sources, such as press releases of end-user facilities, investor presentations, annual reports, and industry journals to gather authentic information of the market. Our unique bottom-up approach helps in generating crucial data about the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, joint ventures, partnerships, contracts, and acquisitions. We also conduct extensive primary research to collect information about the current market trends.

    Drivers & Restraints-

    Increasing Need to Manufacture Automotive Gaskets to Aid Growth

    People nowadays are demanding for lightweight vehicles worldwide. Hence, the automotive industry is conducting research and development activities to bring innovations. Thermoplastic elastomers are extensively used in automotive gaskets, exterior filler panels, and door & window handles. However, the fluctuating prices of crude oil may hamper the thermoplastic elastomers market growth in the near future.

    Segment-

    Automotive Segment to Grow Rapidly Backed by High Demand for Lightweight Vehicles

    Based on application, the automotive segment dominated in 2019 by generating the largest thermoplastic elastomers market share. This growth is attributable to the rising demand for lightweight vehicles from the rapidly increasing population in numerous countries. TPEs are mainly used to manufacture boots, bonnets, exterior panels, and wipers of vehicles.

    Regional Insights-

    Surging Demand for Luxury Vehicles to Accelerate Growth in Europe

    In 2019, Asia Pacific held USD 14,226.7 million in terms of revenue. It was in the leading position because of the high demand for TPEs from the footwear, construction, and automobile industries. Also, improvements in lifestyles of people are set to augment the economic development in Japan, India, and China. These would surge the middle-class population, thereby driving growth.

    In North America, high disposable incomes of the masses, coupled with the rising technological advancements in the field of thermoplastic elastomers would propel growth. Europe, on the other hand, is expected to grow considerably backed by the increasing demand for luxury vehicles.

    Competitive Landscape-

    Key Players Focus on Expanding Production Capacity to Fulfill Needs amid COVID-19

    The market for thermoplastic elastomers contains various prominent manufacturers that are mainly focusing on extending their production capacities to help manufacturers of medical equipment for catering to the high demand amid COVID-19. Below are the two latest industry developments:

    August 2020: Lubrizol invested in its thermoplastic polyurethane business worldwide to support the high growth in surface protection applications. It would help the company to broaden its capacity in paint protection film (PPF) and surface protection, thereby delivering additional benefits to PPF supply chains, brand owners, and manufacturers.
    May 2020: Huntsman started producing thermoplastic polyurethane (TPU) elastomers for company manufacturing PPE globally. These are nowadays being extensively used to produce cable jackets, face masks, valves, hospital gowns, and tubes amid the COVID-19 pandemic.
    A list of all the renowned thermoplastic elastomers producers operating in the market:

    Arkema SA (Colombes, France)
    Covestro AG (Leverkusen, Germany)
    Evonik Industries AG (Essen, Germany)
    Teknor APEX Company (Rhode Island, U.S.)
    BASF SE (Ludwigshafen, Germany)
    Huntsman Corporation (Texas, U.S.)
    Sinopec Group (Beijing, China)
    Lubrizol Corporation (Ohio, U.S.)
    Kraton Corporation (Texas, U.S.)
    Tosoh Corporation (Tokyo, Japan)
    Other Key Players
    The global thermoplastic elastomers market is set to gain traction from the rising demand for bio-based products to increase sustainability and support environmental protection. Fortune Business Insights™ published this information in a new study, titled, “Thermoplastic Elastomers Market Size, Share & Industry Analysis, By Type (Styrenic Block Copolymers, Thermoplastic Polyurethane, Thermoplastic Vulcanizates, Thermoplastic Polyolefins, Copolyester Elastomers, and Others), By Application (Automotive, Building & Construction, Footwear, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the thermoplastic elastomers (TPEs) market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period. Information Source- https://www.fortunebusinessinsights.com/thermoplastic-elastomer-tpe-market-104515 How is This Report Developed? We refer to secondary data sources, such as press releases of end-user facilities, investor presentations, annual reports, and industry journals to gather authentic information of the market. Our unique bottom-up approach helps in generating crucial data about the competitive landscape and recent industry developments, such as new product launches, collaborations, agreements, joint ventures, partnerships, contracts, and acquisitions. We also conduct extensive primary research to collect information about the current market trends. Drivers & Restraints- Increasing Need to Manufacture Automotive Gaskets to Aid Growth People nowadays are demanding for lightweight vehicles worldwide. Hence, the automotive industry is conducting research and development activities to bring innovations. Thermoplastic elastomers are extensively used in automotive gaskets, exterior filler panels, and door & window handles. However, the fluctuating prices of crude oil may hamper the thermoplastic elastomers market growth in the near future. Segment- Automotive Segment to Grow Rapidly Backed by High Demand for Lightweight Vehicles Based on application, the automotive segment dominated in 2019 by generating the largest thermoplastic elastomers market share. This growth is attributable to the rising demand for lightweight vehicles from the rapidly increasing population in numerous countries. TPEs are mainly used to manufacture boots, bonnets, exterior panels, and wipers of vehicles. Regional Insights- Surging Demand for Luxury Vehicles to Accelerate Growth in Europe In 2019, Asia Pacific held USD 14,226.7 million in terms of revenue. It was in the leading position because of the high demand for TPEs from the footwear, construction, and automobile industries. Also, improvements in lifestyles of people are set to augment the economic development in Japan, India, and China. These would surge the middle-class population, thereby driving growth. In North America, high disposable incomes of the masses, coupled with the rising technological advancements in the field of thermoplastic elastomers would propel growth. Europe, on the other hand, is expected to grow considerably backed by the increasing demand for luxury vehicles. Competitive Landscape- Key Players Focus on Expanding Production Capacity to Fulfill Needs amid COVID-19 The market for thermoplastic elastomers contains various prominent manufacturers that are mainly focusing on extending their production capacities to help manufacturers of medical equipment for catering to the high demand amid COVID-19. Below are the two latest industry developments: August 2020: Lubrizol invested in its thermoplastic polyurethane business worldwide to support the high growth in surface protection applications. It would help the company to broaden its capacity in paint protection film (PPF) and surface protection, thereby delivering additional benefits to PPF supply chains, brand owners, and manufacturers. May 2020: Huntsman started producing thermoplastic polyurethane (TPU) elastomers for company manufacturing PPE globally. These are nowadays being extensively used to produce cable jackets, face masks, valves, hospital gowns, and tubes amid the COVID-19 pandemic. A list of all the renowned thermoplastic elastomers producers operating in the market: Arkema SA (Colombes, France) Covestro AG (Leverkusen, Germany) Evonik Industries AG (Essen, Germany) Teknor APEX Company (Rhode Island, U.S.) BASF SE (Ludwigshafen, Germany) Huntsman Corporation (Texas, U.S.) Sinopec Group (Beijing, China) Lubrizol Corporation (Ohio, U.S.) Kraton Corporation (Texas, U.S.) Tosoh Corporation (Tokyo, Japan) Other Key Players
    WWW.FORTUNEBUSINESSINSIGHTS.COM
    Thermoplastic Elastomer Market Size, Growth Rate, Report, 2032
    The global thermoplastic elastomer market size was USD 26,856.8 million in 2019 and is projected to reach USD 39,424.6 million by 2027, exhibiting a CAGR of 5.7% during the forecast period.
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