South Africa tire market forecast at $3 billion by 2028

Delhi, India – A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the South Africa tire market was worth USD 2.2 billion in 2021. The market is projected to grow at a CAGR of 4.8% during the forecast period (2022-2028), earning revenue of around USD 3.0 billion by the end of 2028. South Africa tire market is growing owing to the growing automotive industry, increasing demand for electric vehicles, and growing industrialization in the country. Moreover, the growing penetration of Chinese and cost-effective tires is also fueling the growth of the South Africa tire market.

According to Naamsa, South Africa’s automotive business council, the automotive industry is one of the most relevant industries in the South African economy contributing around 4.9% to the country’s GDP. The manufacturing of automobiles contributes 2.8%, while the retailing of automobiles contributes 2.1%. Naamsa reported that South African

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The global ADAS market size is projected to grow from USD 27.2 billion in 2021 to USD 74.9 billion by 2030, at a CAGR of 11.9%

New York, Dec. 21, 2021 (GLOBE NEWSWIRE) — announces the release of the report “ADAS Market by System, Component, Vehicle, Level of Autonomy, Offering, EV And Region – Global Forecast to 2030” –
Different types of safety features have, therefore, been developed to assist drivers and lower the number of accidents.

Growing demand for safety and driving assistance systems likely to drive the growth of the ADAS market during the forecast period
The automotive industry is witnessing a rapid evolution of safety features, which is expected to increase exponentially in the coming years to provide a safer and more convenient driving experience.Major OEMs such as Toyota and Honda are launching vehicles with features such as blind spot detection, rear cross traffic, lane keep assist, forward collision warning, and automatic emergency braking as a standard.

OEMs such as Cadillac, Tesla, Nissan, Honda and Audi are currently developing L3 driving

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High Temperature 3D Printing Plastics Market Driven Is By Aerospace, Healthcare And Automotive Industry | CAGR 13.0% | Grand View Research, Inc.

“”Grand View Research, Inc. – Market Research And Consulting.””

According to a new report published by Grand View Research, favorable growth in the automotive industry is likely to contribute significantly to the demand for high temperature 3D printing plastics in the forthcoming years.

The global high temperature 3D printing plastics market size was estimated at USD 354.46 million in 2018 and is expected to register a CAGR of 13.0% over the forecast period. Rising demand from the automotive industry significantly drives market growth. Factors such as ease in customized product development and favorable government policies and investments, especially in developing economies such as China, India, South East Asian countries are anticipated to augment the market growth. Recent developments in the additive manufacturing industry have created huge avenues for the growth of the automotive industry and facilitated the development of innovative, stronger, lighter, and safer components & parts with lesser lead

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Developed market equities, U.S. tech, Japan to gain in 2022, fund manager says By Reuters

© Reuters. FILE PHOTO: A man walks past the New York Stock Exchange on the corner of Wall and Broad streets in New York City, New York, U.S., March 13, 2020. REUTERS/Lucas Jackson

By Divya Chowdhury

MUMBAI (Reuters) – Developed market equities, including U.S. technology stocks other than the so-called FAANG group, are expected to outperform next year, the global head of multi-asset at PineBridge Investments said.

The ‘FAANG’ group includes Facebook (NASDAQ:), Apple (NASDAQ:), Amazon (NASDAQ:), Netflix (NASDAQ:) and Google-parent Alphabet (NASDAQ:).

Higher vaccination rates, an impending turnaround in the automotive industry driven by a return of chips’ supply, and a new prime minister also be positive for Japan, Michael Kelly told the Reuters Global Markets Forum on Monday.

“Japan is a new love of ours,” he said.

Kelly expects a mild correction in equity markets from now until the end of the year, with the first half

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