Archive for Drives

Rising Average Age of Vehicles Drives the Global Market for Automotive Aftermarket Brake Friction Parts, According to a New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) January 30, 2015

Follow us on LinkedIn – The average life of vehicles on the road stands at a record high of 10 to 11 years. Key factors driving vehicle retention include engineering innovation, increase in useful life of vehicles, and changes in consumer wealth structure and financial choices. In the United States, consumer consumption, spending and income continue to remain flat. Greater than expected sluggishness in the labor market and lack of meaningful growth in wages and income are creating changes in consumer wealth and spending patterns. Recovery in asset prices and household wealth to pre-recession levels is seen as hugely unlikely. Another key reason for the relatively anemic recovery of consumer spending in the country is the wealth inequality which has been made even more disproportionate by the 2007-2009 economic recession. The recession punctured the over 8 trillion dollar overvalued housing bubble and crippled households across the country. The cumulative erosion in household wealth averaged to over US$ 15 trillion in the year 2010. In Europe, overindebted households represent a key bottleneck hindering consumer spending. With one in every 9 households in Europe unable to meet financial commitments including recurring expenses, spending on durable goods remains subdued. Against this backdrop, cars are being retained for longer.

The longer replacement cycle and the increase in the number of miles traveled per vehicle are creating opportunities in the aftermarket. Vehicle maintenance and component replacements are therefore receiving a boost. As the most critical safety system, brakes represent the most often replaced auto part. High replacement frequency of worn out brake components including rotors, brake pads, calipers and parts is spurring growth in the market. Stringent safety norms, growing consumer emphasis on personal safety, and focus on preventive maintenance, represent other major factors driving growth in the market. Healthy gains in automotive production in developing countries is also forecast to spur growth in the long-run, since more number of vehicles manufactured creates a parallel secondary market for auto parts including brake friction parts.

As stated by the new market research report on Automotive Aftermarket Brake Friction Parts, Europe represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 6.8% over the analysis period. Growth in the region is led by the surge in car ownership rates, and frequent wear and tear of the braking system due to heavy commuter traffic in crowded cities in densely populated countries such as India and China.    

Major players in the market include ABS Friction Inc., Advics Co. Ltd., Akebono Brake Industry Co. Ltd., Continental AG, Delphi Automotive PLC, Dongying Xinyi Automobile Fitting Co., Ltd., Federal-Mogul Corporation, Fras Le, Japan Brake Industrial Co. Ltd., Meritor Inc., Nan Hoang Traffic Instrument Co., Ltd., Nisshinbo Holdings Inc., Nisshinbo Brake Inc., TMD Friction Holding GmbH, Robert Bosch GmbH, and TRW Automotive, among others.

The research report titled “Automotive Aftermarket Brake Friction Parts: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of trends, growth drivers, restraints, market share, size and demand projections and forecasts. Major geographic regions covered include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (Australia, China, India, South Korea and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America) and Rest of World. Key segments analyzed in the report include Brake Pads and Brake Shoes. The report also offers coverage on mergers, acquisitions, product launches and other strategic industry activities of major global and regional players.

For more details about this comprehensive market research report, please click here

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

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Find More Fitness Press Releases

Rising Popularity of Beach Culture and Water Sports Drives the Global Swimwear and Beachwear Market, According to a New Report by Global Industry Analysts, Inc.

San Jose, California (PRWEB) November 17, 2014

Follow us on LinkedIn – The global swimwear and beachwear market is witnessing steady growth, driven by growing health consciousness, rising popularity of beach culture and water sports, increasing emphasis on active and healthy lifestyles, and continued innovations in swimsuit design and technology. Other factors driving demand in the market include growth of the beauty and spa industry, increasing life expectancy and the consequent increase in interest among the aged towards staying fit. Aging-but-active population in the US, Japan, and Europe as well as in emerging markets of Asia and Latin America, presents attractive opportunities for swimwear manufacturers.

Regional boundaries for fashion are fast blurring with increasing globalization where design trends have become more global than ever. Over the years, fashion, which was more concentrated on the element of style and innovation, is gradually changing its definition to the ‘comfort’ aspect. Increasing incorporation of the comfort element is attracting more consumers to swimwear. Women continue to be the larger buyer group in the global swimwear and beachwear market. They also constitute the highest spenders on expensive swimwear, while men continue to be price sensitive. The trend however, appears to be changing gradually, with men also beginning to show increased interest towards purchasing expensive swim and beachwear as the emphasis on aesthetics increases. Children’s swimwear category, on the other hand, represents the fastest growing segment within the global swimwear and beachwear market. High end designers, who earlier emphasized more on the women’s segment, have now realized the potential of this exceptionally growing market segment, and are designing swimwear for this category.

As stated by the new market research report on Swimwear and Beachwear, Brazil constitutes the largest market in terms of unit sales and the United States in terms of value sales. Asia-Pacific, driven largely by China, represents the market with the highest potential for future growth. China represents the fastest growing market for swimwear and beachwear, both in terms of value and volume. Growing acceptance of swimwear as fashion attire, increasing consumer disposable income, and growing influence of western culture, are some of the major factors spurring growth in the country.

Major players covered in the report include American Apparel Inc., Arena Italia S.p.A, Diana Sport, Wacoal Eveden Ltd., La Perla Group, NoZONE Clothing Limited, O’Neill Inc., PARAH S.p.A, Pentland Group Plc., Speedo International Ltd., Perry Ellis International Inc., Jantzen Apparel LLC, Quiksilver Inc., Seafolly, Seaspray Swimwear, Tefron Ltd., Swimwear Anywhere, Inc., TYR Sport Inc., and PVH Corp.

The research report titled “Swimwear and Beachwear: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the swimwear and beachwear market, current trends, growth drivers, segmental analysis, new product introductions, strategic corporate developments, and focus on major and niche global and regional market participants. The report provides market estimates and projections in US$ and Units for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific (China, South Korea and Rest of Asia-Pacific), Latin America (Brazil and Latin America) and Rest of World. Product segments analyzed in the report include Men’s Swimwear and Beachwear, Women’s Swimwear and Beachwear, and Children’s Swimwear and Beachwear.

For more details about this comprehensive market research report, please visit –

http://www.strategyr.com/Swimwear_and_Beachwear_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

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