Portland, OR, Jan. 13, 2021 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global automotive 48V system market generated $2.22 billion in 2019, and is estimated to reach $21.00 billion by 2027, registering a CAGR of 26.5% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.
Surge in demand for 48V system to boost the performance of vehicle engine drives the growth of the global automotive 48V system market. However, rise in vehicle price with installationof 48V system is anticipated to restrain the market growth. Furthermore, growing demand for comfort and advanced safetry features in vehicles is expected to provide new growth opportunities during the forecast period.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/5621
COVID-19 Scenario:
- Major automotive 48V system manufactrurers across the globe have shut down their production activities in due to disrupted supply chain and unavailability of skilled labor amid lockdown during the Covid-19 pandemic.
- Frequent lockdown extension to curb the spread of Covid-19 across various nations such as India, the U.S., China, the U.K., and Italy has negatively affected the production and sale of entry and mid size cars, due to which, the demand for automotive 48V system is anticipated to decline.
The report offers a detailed segmentation of the global automotive 48V system market based on architecture, vehicle class, and region.
Get detailed COVID-19 impact analysis on the Auto Dimming Mirror Market Request Here!
Based on architecture, the belt driven segment contributed to the largest share in 2019, accounting for more than two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the transmission output shaft segment is estimated to portray the highest CAGR of 30.5% during the forecast period.
Based on vehicle class, the mid segment accounted for the largest share in 2019, holding nearly two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the entry segment is expected to register the highest CAGR of 27.7% from 2020 to 2027.
Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/5621
Based on region, Asia-Pacific contributed the highest share, accounting for more than two-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, Europe is expected to grow at the highest CAGR of 27.4% from 2020 to 2027.
Leading market players analyzed in the research include Robert Bosch GmbH, BorgWarner Inc., Dana Limited, Continental AG, GKN (Melrose Industries PLC), Delphi Technologies, Magna International Inc., Lear Corporation, Valeo SA, and Mahle Powertrain Ltd.
Schedule a Free Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/5621
Similar Reports We Have on Automotive Industry:
Navigation Lighting Market by end user (Marine segment, Aerospace segment), by type (Low light intensity, Medium light intensity, and High light intensity) – Opportunity and Forecast, 2017-2030.
Tail Light Holder Market by Terminal Gender (Female and Male) and Type of Vehicle (Commercial & Heavy Vehicles and Two-Wheelers) – Global Opportunity Analysis and Industry Forecast, 2017-2030.
Aircraft Exterior Lighting Market by Product (LED, OLED, Electro-Luminescent Lights, Photo Luminescent Lights, and others), Aircraft Type (Commercial, Military, Business, and Others), and Application (Navigation Lights, Strobe Lights, Position Lights, Anti-Collision Lights, Runway Turnoff Lights, Wing Inspection Lights, Formation Lights, Escape Paths, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026.
Automotive Lighting Market by Technology (Halogen, Xenon/HID, and LED), Vehicle Type (ICE (Passenger Vehicle, Commercial Vehicle) and Electric Vehicle (Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), and Plug-in Hybrid Electric Vehicle (PHEV)), Application (Front/Headlamps, Rear Lighting, Side, Interior Lighting), and Product Sale (Original Equipment Manufacturers (OEMs) and Aftermarket Products): Global Opportunity Analysis and Industry Forecast, 2018–2026.
Automotive Exterior Lighting Market by Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle), Technology (Projector Headlamps, Halogen, Xenon/HID, LED, and OLED), Application (Front Headlamp, Rear Taillight, Fog Light, Daytime Running Lights (DRLs), Turn Indicators, Centre High Mount Stop Light, Parking Lights, Number Plate Lights, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, and researchers and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients’ requirements is complemented with analyst support and customization requests.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | Twitter | LinkedIn |
