About Automotive Air Tanks
Automotive Air Tanks is refer as where the air is compressed, using a small motor, powered by a 48-volt battery, which powers both the air compressor and the electric motor. Once compressed, the air is stored in a tank. The com- pressed air is used when the car needs a lot of energy, such as for starting up and acceleration.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Automotive Air Tanks market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Frauenthal Automotive (Germany), Magna (Canada), Yamaha Fine (Japan), Tecmaplast (France), Viair (United States), Ice Industries (United States), T&G Automotive (United Kingdom) and Torin Jack (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Automotive Air Tanks market by Type (Steel Tanks and Aluminum Tanks), Application (OEMs Market and Aftermarket) and Region.
On the basis of geography, the market of Automotive Air Tanks has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Reduction in Vehicle Weight Leading to Advancements of Materials
Market Growth Drivers:
Growing Vehicle Production Volume
Challenges:
High Cost of Composite Tanks and Regulatory Approvals
Restraints:
Impact of Electric Vehicle Production
Opportunities:
Efforts to Build Air Tanks Using Lightweight Materials
Market Leaders and their expansionary development strategies
In December 2022, Magna acquires Veoneer's active safety business. This acquisition builds on Magna's Advanced Driver Assistance Systems (ADAS) strengths and positions the business, combined with a broad range of products and capabilities, to offer customers a full suite of ADAS solutions. This expands Magna's ADAS sensor and overall system capabilities, including radar, cameras, ADAS ECUs and driver monitoring, while adding significant engineering resources and expanding Magna's ADAS customer base and geographic diversification. Magna will hire an additional 2,200 engineers, including 1,800 engineers for systems, software and sensor development.
In August of 2022, Yamaha Motor Corporation of America introduced the new 2023 lineup of cutting-edge, industry-leading YZ off-road motorcycles. Envisioned for competition and extensively developed with knowledge gleaned from the highest levels of professional motorsport, the 2023 lineup of Yamaha YZ Motocross and Cross Country machines delivers cutting-edge performance with levels of refinement and comfort that inspire confidence in all riders. Highlights for 2023 include the all-new flagship YZ450F Motocross model, along with the all-new YZ125X and extensively updated YZ250X 2-stroke Cross Country model.
Key Target Audience
Manufacturers, Distributors/Traders/Wholesalers, Subcomponent Manufacturers, Industry Association and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.