Technavio market research analysts foresee positive growth for many segments of the automotive components industry in the next five years. In their recent findings, Technavio talks about three booming markets under the automotive components industry that are anticipated to generate considerable revenues and grow at a consistent rate during the forecast period.
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Global Racing Slicks Tire Market 2016-2020
The extensive use of nanotechnology for manufacturing racing tires will attribute to the growth of the global racing slicks tire market over the next five years. The vendors in the market are using nanotechnology to reduce the wear and tear of racing tires. This new technology helps reduce the heat and pressure properties of the tires and enables the tires to function in a wide range of temperatures with superior heat resistance. The OEMs are using new age materials such as Nanoprene, which is a high-performance rubber additive are mixed with rubber mixture of the tire tread to improve the functioning of these automotive components. The manufacturers in the market are focusing on the research and development of these materials and nanotechnology to enhance the performance of racing tires. Moreover, the vendors will also focus on improving the steering and braking systems in racing vehicles to improve the performance of the new racing tires as well. Request a sample report.
Global Automotive Cylinder Head Market 2016-2020
The development of liquid hot isostatic pressing (LHIP) and split cylinder heads will revolutionize the global automotive cylinder head market. These developments will result in high-performance cylinder heads that will lead to increasing production of over 91 million units in 2015 to more than 94 million units by 2020. The mandatory legislations implemented by the government of various countries across the globe will encourage vendors to introduce components and powertrains that will help reduce automotive fuel emissions. The improvements introduced for aluminum cylinder head castings will help the engines achieve high power density. These progressions will also result in efficient port layouts and application of advanced combustion systems in vehicles across the world.
The leading vendors in the market are investing in the development of high-performance engines and are offering aftermarket engine modifications like cylinder head porting, turbocharging, and supercharging. Cylinder Head Developments (CHD), a leading vendor in the market, is producing cylinder head porting and gas flow technology. Request a sample report.
Global Automotive Fifth Wheel Coupler Market 2016-2020
The introduction of the self-adjusting fifth-wheel lock is contributing to the growth of the global automotive fifth wheel coupler market. The vendors in the market are launching high-tech fifth wheel couplers to increase their profitability, and it will result in the market growing at a CAGR of over 7% by 2020. These new wheel couplers automatically reset the lock to accommodate wear and switch from trailer to trailer hassle-free, reducing the manual intervention and increasing the convenience of the driver. Recently, Fontaine Fifth Wheel, the leading vendor of fifth-wheel technology developed ‘No-slack‘ and ‘No-slack 2’ models of fifth-wheel coupler using the latest technologies.
Farm tractors held the highest market share of around 48% in the application segment in the market during 2015. The market is witnessing an increase in investments in agricultural equipment with the rise in agricultural activities driven by farming practices in emerging nations. The growth of new farming practices across the globe will fuel the development of this market segment during the forecast period. Request a sample report.
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