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The air compressor is a mechanical device that is used to convert mechanical energy into pressure energy by compressing gases. It is used to deliver compressed air for use in a various range of applications from gas stations to manufacturing plants. Air compressor in the automotive industry is necessary for the safe operation of central braking systems, pneumatic door operation and vehicle suspension systems.
MARKET SCOPE
The "Global Automotive air compressor Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive air compressor Market with detailed market segmentation by type, lubrication method, vehicle type, and geography. The global Automotive air compressor Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive air compressor Market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on type, the market is segmented as Reciprocating, Rotary Screw, Centrifugal
? On the basis of lubrication method the market is segmented into Oiled, Oil-Free
? Based on vehicle type, the market is segmented into Heavy Commercial Vehicles, Light Commercial Vehicles, Passenger Cars
MARKET DYNAMICS
Drivers:
? Owing to driving factors such as the thriving automotive industry and increasing demands for energy-efficient compressors is expected to drive growth of the global Automotive air compressor Market.
? Technological advances and emerging markets in the developing economies is boosting the market
Restraints:
? Air and noise pollution caused due to these compressors is expected to restrain the growth of the market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Automotive air compressor Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST five force analysis highlighting factors factors affecting the Automotive air compressor Market in these regions.
IMPACT OF COVID-19 on Automotive air compressor MARKET
The outbreak of the COVID-19 has severely impacted the automotive and transportation, and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of border closures across the globe. This disruption in global supply chain is expected to leave an impact on the industry through till mid-2021. However, demand for automotive related products such as Automotive air compressor has remained unaffected as the budgets for manufacturing of vehicle had been allocated prior to the pandemic. They are making considerations about vehicle design and materials to efficiently allocate budgets for production. This is expected to drive the Automotive air compressor Market.
MARKET PLAYERS
The report covers key developments in the Automotive air compressor Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers fromAutomotive air compressor Market are anticipated to lucrative growth opportunities in the future with the rising demand for Automotive Dashboard in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in theAutomotive air compressor Market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Elgi Equipments Limited
? Gardner Denver, Inc.
? Hitachi Industrial Equipment Systems Co., Ltd.
? Ingersoll-Rand plc
? Kirloskar Pneumatic Company Ltd. (KPCL)
? Kobe Steel, Ltd.
? Mitsubishi Heavy Industries, Ltd.
? Stanley Black and Decker, Inc.
? Sulzer Ltd
? VMAC Global Technology Inc.