VALLEY COTTAGE, New York, March 7, 2018 /PRNewswire/ --
Future Market Insights (FMI) has published a new report titled "Automotive Pillar Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027." The report states that the growing demand for advanced quality passenger, commercial, and luxury cars is leading to a rise in the adoption of automotive pillars across the globe, especially in emerging economies. The demand for automotive pillars is rising extensively in emerging economies as the consumers in these regions are inclining towards a luxurious lifestyle given the growing disposable income. The rising population mainly in developing regions is also one of the factors that is expected to bolster the consumption of automotive pillars in the coming years. As a result, the global market for automotive pillars is anticipated to witness a CAGR of 3.9% from 2017 to 2027.
Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-5903
Growth in Automotive Industry to Boost Adoption
Rapid industrialisation, urbanisation, and economic growth across the globe is boosting the demand for automobiles in the market, which in turn is accelerating the demand for automotive pillars. The rising disposable income of consumers is impelling investors to invest more in the automotive industry. A significant rise in the total automotive production from 95.6 Mn in 2016 to 96.2 Mn in 2017 exhibits that the demand for automobiles is increasing with every passing year in the global market, which in turn is expected to significantly boost the progress of the global automotive pillar market. Incessant increase in global population from around 6.9 Bn in 2010 to above 7 Bn in 2016 has acted as a boon for the automotive industry as well as the related industries. Additionally, high standards of living of consumers across several regions, especially developing economies is projected to accelerate the growth of the automobile industry, which in turn is anticipated to drive the market of automotive pillars globally.
Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-5903
Moreover, government and ruling authorities across the globe have imposed stringent regulations regarding the safety of passengers. If any irregularities are to be found, then the manufacturer is likely to be charged with heavy penalties and at the top of that, it also puts forward a negative image for the company among consumers and in the global market. These strict government policies are expected to drive the demand for automotive pillars as pillars act as the core structural support for the vehicle body and are responsible for providing a safe and comfortable driving experience to the driver as well as the passengers.
Use of Automotive Pillars to be High in Passenger Cars
Passenger cars employ automotive pillars to the maximum as manufacturers of passenger cars focus on the safety aspect in passenger cars of various price ranges in order to adhere to and comply with the standards imposed by governments and regulatory bodies. Passenger cars accounted for a share of around 76% in the global automotive pillar market in 2017 and are expected to continue their reign over the market, increasing at a stable rate. As a result, LCVs and HCVs are expected to witness an unfortunate decline in their shares.
View Report Preview at Automotive Pillar Market Segmentation By Vehicle Type - Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle; By Product Type - Pillar A, Pillar B, Pillar C, Pillar D; By Sales Channel - OEM, Aftermarket: https://www.futuremarketinsights.com/reports/automotive-pillars-market
Product Reliability to be Primary Concern of Manufacturers
Manufacturers of automotive pillars are incessantly focussing on enhancing their product quality and are striving to augment their consumer base. Some of the leading companies operating in the global automotive pillar market are KIRCHHOFF Automotive GmbH, Gestamp, Toyoda Iron Works Co., Ltd., Magna International Inc., and Aisin Seiki Co., Ltd. The struggle to acquire patents for new developments is expected to trigger competition in the market.
Browse More: Automotive & Transportation Market Insights
More from FMI's Cutting-edge Intelligence:
Gasoline Direct Injection (GDI) Market Segmentation Stroke Type - 2 Stroke, 4 Stroke; vehicle Type - Compact Vehicle, Mid-Sized Vehicle, Premium Vehicle, Luxury Vehicle, Commercial Vehicle, Heavy Commercial Vehicle; Sales Channel - OEM, Aftermarket: https://www.futuremarketinsights.com/reports/gasoline-direct-injection-gdi-market
Automotive Carbon Ceramic Brakes Market Segmentation By Vehicle Type - Passenger Car, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV); By Sales Channel - Original Equipment Manufacturers (OEM) and Aftermarket: https://www.futuremarketinsights.com/reports/automotive-carbon-ceramic-brakes-market
Aircraft Tire Market Taxonomy by Aircraft Type - Small Widebody Aircraft, Medium/ Large Widebody Aircraft, Narrowbody Aircraft, Propeller Aircraft, Helicopter, Defence and Homeland Security Aircraft, Freighters; by Ply Type - Bias Ply, Radial Ply; by Sales Channel - OEM, Aftermarket: https://www.futuremarketinsights.com/reports/aircraft-tire-market
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India. FMI's research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
Mr. Sudip Saha
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
T (UK): + 44(0)20-7692-8790
Press Office: Press@futuremrketinsights.com
FMI Blog: http://www.fmiblog.com/
SOURCE Future Market Insights