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USA Lubricants Market Growth 2023: Rising Trends, Demand, Share, Key Players, Business Challenges, and Forecast 2033: SPER Market Research

admin September 6, 2024 Automotive, Business

A lubricant is a substance that forms a thin coating that separates and lubricates two surfaces in contact, reducing wear and friction between them. Liquid, solid, or semi-solid materials called lubricants are used in everything from machinery and equipment to car engines and transmissions. Lubricants are designed to tolerate high pressure and temperatures, to fend off rust and corrosion, and to resist disintegration.

According to SPER market research, ‘USA Lubricants Market Size- By Product Type, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the USA Lubricants Market is predicted to reach USD 30.42 billion by 2033 with a CAGR of 3.35 %.

Drivers:

The USA lubricants industry is growing due to a number of different and important factors. First off, the growing demand for premium lubricants to prolong engine life and improve performance is being driven by the growing automotive sector, which is itself being driven by rising vehicle ownership and the emergence of electric vehicles. Furthermore, consumers looking for higher efficiency and less environmental effect are drawn to the development of synthetic and high-performance lubricants, which is a result of developments in lubricant technology.

Challenges:

Numerous obstacles affect the US lubricants market’s potential for expansion. One significant issue is the unpredictability of raw material prices, especially for base oils and additives, which can cause lubricant costs to fluctuate and have an impact on profit margins. Furthermore, the sector must make expensive expenditures in the development of formulas and technologies that comply with strict environmental rules that are intended to reduce emissions and improve sustainability. The increasing popularity of electric vehicles (EVs) presents a problem as well because, in comparison to conventional internal combustion engine vehicles, EVs require less lubricant, which could result in lower demand in the automotive industry.

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Impact of COVID-19 on USA Lubricants Market

The US lubricants industry has been significantly impacted by the COVID-19 epidemic in a number of ways, including supply chain disruption. Global supply chains have been impacted by the epidemic, delaying the delivery of raw materials, finished goods, and packaging, which has an impact on the manufacture and distribution of lubricants. The pandemic has led to a change in consumer preferences toward sustainable and environmentally friendly products, increasing the market for lubricants made of biobased materials. Increased occupational health and safety regulations as a result of the pandemic have affected lubricant manufacturers’ and suppliers’ business operations. The epidemic has resulted in modifications to laws and procedures, notably with regard to worker safety, which has an impact on the operations of suppliers and manufacturers of lubricants.

USA Lubricants Market Key Players:

Additionally, some of the market key players are; BP Plc, Chevron Corporation, ExxonMobil Corporation, Royal Dutch Shell Plc, Valvoline Inc.

For More Information, refer to below link:-

USA Lubricants Market Future Outlook

Brazil Specialty Chemicals Market Size- By Function, By Product, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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South Korea Airless Tires Market Size and Growth, Rising Trends, Revenue, Challenges, Business Opportunities and Forecast Analysis 2033: SPER Market Research

admin September 6, 2024 Automotive

Tires that do not require air pressure to support a vehicle’s weight are referred to as airless tires or non-pneumatic tires. Airless tires function similarly to traditional tires, but they use different materials and structures to retain their form and offer cushioning. Traditional tires rely on air pressure to do this. Airless tires come in a range of shapes and sizes and can be constructed from materials including plastic, rubber, or composite materials. While some airless tires employ a solid rubber or plastic substance with built-in flexibility, others use a honeycomb or lattice structure to offer support and cushioning.

According to SPER Market Research, ‘South Korea Airless Tyres Market Size- By Type, By Material, By Vehicle Type, By Sales Channel, By Rim Size, By Tire Size- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the South Korea Airless Tyres Market is predicted to reach USD 0.002 billion by 2033 with a CAGR of 5.78%.

In South Korea, the market for airless tires is expanding and is expected to continue doing so in the future. The strong demand for these products among customers who place a high value on feeling and looking their best is a major factor contributing to this increase. As in other nations, this creates a substantial market for airless tires.

In addition, as the market for environmentally friendly and low-emission automobiles has grown over the years, so has the need for fuel-efficient tires. Airless tires can contribute to this objective by lowering emissions and increasing vehicle fuel economy. Airless tires are among the environmentally friendly technologies that are being adopted more widely as a result of the strict requirements that the South Korean government has implemented to reduce greenhouse gas emissions.

But the South Korean market for airless tires is not without its difficulties. One of the biggest issues is that driving on airless tires differs from driving on standard tires, which may take some getting used to for consumers. This could have an impact on the market’s uptake of airless tires, especially.

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The South Korean airless tire market has been significantly impacted by the COVID-19 outbreak. Customers are now more price-sensitive as a result of the economic uncertainty brought on by the pandemic, which could restrict the market’s uptake of airless tires. The country’s need for airless tires has been further impacted by the pandemic’s impact on the demand for passenger and commercial vehicles. On the other hand, the epidemic has also brought about chances for South Korea’s airless tire sector.

Furthermore, The Seoul region is the largest market for airless tyres in South Korea, accounting for a significant portion of the overall market. The city has a large number of vehicle manufacturers, suppliers, and distributors, making it a hub for the automotive industry. The high concentration of automotive companies in Seoul is expected to drive the growth of the airless tires market in the region In addition, some of the market key players are Continental AG, Hankook Tire Co., Ltd., Kumho Tire Co., Inc.., Michelin Group, Nexen Tire Corporation, Sumitomo Rubber Industries, Ltd., Others.

South Korea Airless Tires Market Segmentation:

By Type: Based on the Type, South Korea Airless Tires Market is segmented as; Radial Tyres, Bias Tyres.

By Material: Based on the Material, South Korea Airless Tires Market is segmented as; Rubber and Plastic.

By Vehicle Type: Based on the Vehicle Type, South Korea Airless Tires Market is segmented as; Military Vehicle, Passenger and Commercial Vehicles, Utility Vehicles, Two Wheelers, Trucks and Buses, LCV, HCV, Terrain Vehicles, Motorcycles, Others.

By Sales Channels: Based on the Sales Channel, South Korea Airless Tires Market is segmented as; Aftermarket and OEM.

By Rim Size: Based on the Rim Size, South Korea Airless Tires Market is segmented as; Less than 15 Inches, 15-20 Inches, More than 20 Inches.

By Tire Size: Based on the Tyre Size, South Korea Airless Tires Market is segmented as; ⁢ 20 Inches, 21-25 Inches, 26-30 Inches, 31-35 Inches and > 35 Inches.

By Region: This report also provides the data for key regional segments of Gangwon, Gyeonggi, North Chungcheong, North Gyeongsang, North Jeolla, South Chungcheong, South Gyeongsang, South Jeolla.

For More Information, refer to below link: –

South Korea Airless Tyres Market Revenue

South Korea Auto Parts and Accessories Market Size- By Product, By Vehicle Type, By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Saudi Arabia Automotive Market Growth and Size, Rising Trends, Industry Share, Scope, Challenges, Future Opportunities and Forecast Analysis till 2032: SPER Market Research

admin September 6, 2024 Automotive

The Automotive Industry consolidates organizations and exercises engaged with the production of engine vehicles, including most parts, like motors and bodies, barring tires, batteries, and fuel. The business’ chief items are traveller cars and light trucks, including pickups, vans, and game utility vehicles. Business vehicles like conveyance trucks and enormous transport trucks, frequently called semis, though essential to the business, are auxiliary. The car business is a crucial piece of the economy in many spots. It includes many organizations and associations, including Designers, Manufacturers, Part producers, Showrooms, and Rental offices. The auto business is continually developing and is right now going through a change with the presentation of new innovations like mechanical technology and the AI. This change is supposed to prompt the improvement of independent vehicles.

According to SPER Market Research, ‘KSA Automotive Industry Size- By Type, By Motor Type, By Electric Vehicle, By Vehicle Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ states that the KSA Automotive Industry is estimated to reach USD 14.91 billion by 2032 with a CAGR of 2.08%.

One of the primary drives of KSA Automotive market is the ambitious economic diversification agenda set forth by the government. The public authority has been putting resources into foundation improvement, the travel industry, and diversion projects. This has contributed to a boost in consumer confidence and increased disposable income, leading to higher automobile sales. The blend of populace development and urbanization has driven the interest in vehicles. Urbanization has prompted the improvement of the framework, like streets and expressways, which, thus, has made possessing a car more appealing and helpful. Accordingly, the vehicle market has extended to accommodate various sections of the population. In a few metropolitan regions, gridlock and restricted public transportation choices have made possessing a vehicle a need for everyday driving.

The Saudi Arabian auto market depends upon a bunch of administrative difficulties that affect market elements, estimating, and purchaser decisions. Import taxes, customs obligations, and guidelines assume a basic part in the expense and accessibility of vehicles on the lookout. Purchaser obligation and funding difficulties are huge worries in the Saudi Arabian vehicle market. Elevated degrees of customer obligation, combined with a restricted comprehension of monetary items and loan costs, influence the capacity of people to buy new vehicles and access supporting choices. Elevated degrees of buyer obligation, frequently connected with individual advances and Visas, can lessen the buying force of people, making it challenging to bear the cost of vehicle credits and upfront instalments for new vehicles.

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The COVID-19 impact on the automotive sector in KSA has prompted a drop in people strolling through the different brand display areas, which was a key deals channel before Coronavirus. Even though there hasn’t been critical progress from physical to online deals, we do notice a change towards web-based business in the KSA car area with expanded degrees of online entrance across various classes. The market for shared versatility has likewise seen a fall as customers go to additional clean practices, which meaningfully affects many market classifications. Alongside business misfortunes and office terminations, various new vehicle support models are additionally seen with variable proprietorship spans.

The largest market share for KSA Automotive Industry Market is held by Riyadh due to high urban population and strong economy. Abdul Latif Jameel Motors, Al Jazirah Vehicles Agency, Al Yemni Motors, Alesayi Motor Company, Alissa Universal Motors Co. are a few of the key players in the market.

KSA Automotive Industry Segmentation:

1.By Type:

Bottom Dead Center
Top Dead Center

By Motor Type:

AC Induction Motor
DC Brushless Motor
Permanent Magnet Synchronous Motor

By Electric Vehicle:

Battery Electric Vehicle
Hybrid Electric Vehicle
Plug-in Hybrid Electric Vehicle

By Vehicle Type:

Diesel Vehicle
Electric Vehicle
Fuel Cell Electric Vehicle
Hybrid Electric Vehicle

By Region:

Central Saudi Arabia
Eastern Saudi Arabia
Northern Saudi Arabia
Southern Saudi Arabia
Western Saudi Arabia

For More Information, refer to below link: –

KSA Automotive Industry Forecast

South Korea Auto Parts and Accessories Market Size- By Product, By Vehicle Type, By Type, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

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Saudi Arabia Used Car Market Growth and Size, Revenue, Industry Share, Key Players, Challenges, Opportunities and Forecast 2022-2032

admin September 6, 2024 Automotive, Business, News

Saudi Arabia used vehicles offer a wide range of used cars. A used car is a previously owned vehicle that is currently being sold. Purchasing used cars provides easy access to finance alternatives, annual maintenance contracts, and lower entry pricing. The used automobile is also a useful resource for first-time drivers and those looking for a good car at a reasonable price. Many e-commerce platforms in Saudi Arabia have a large selection of used cars for sale.

According to SPER Market Research, ‘Saudi Arabia Used Car Market Size- By Market Structure, By Type of Car, By Manufacturer, By Kms Driven, By Age of Vehicle, By Age of Consumer – Regional Outlook, Competitive Strategies and Segment Forecast to 2032’ states that the Saudi Arabia Used Car Market is estimated to reach USD XX Million by 2032 with a CAGR of XX%.

Drivers: Saudi Arabia’s used automobile industry is expected to develop significantly due to a number of variables including the country’s huge expatriate community, increased pre-owned vehicle quality, and reasonably priced used cars. The nation’s demand for luxury cars, which are more widely available in the used market and provide superior financing options, maintenance assistance, and price, further supports the preference for used cars.

The affordability, fuel economy, and reduced taxation of hatchbacks relative to sedans have contributed to a significant increase in demand for secondhand hatchbacks in particular. The popularity of hatchbacks, such as the Suzuki Swift Sports and Volkswagen Golf GTI, highlights a movement in consumer preferences towards cars with higher perceived value. The demand for the product has increased due to the growing popularity of the internet and the growth of online sales channels. YallaMotor and CarSwitch are two examples of platforms that are essential for making online transactions easier. These platforms meet the changing needs of customers by offering a wide selection of vehicles along with amenities like virtual tours and post-purchase assistance.

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Restraints:

Tripling VAT rates and rising fuel prices – Customers are becoming more cautious about purchasing cars as a result of the steadily rising cost of fuel, and demand for old cars is also decreasing. Moreover, during the evaluation period, the high rate of auto insurance had a detrimental effect on sales of used cars. Furthermore, as part of steps to resolve the fiscal imbalance between public revenues and expenditures, Saudi Arabia increased the value-added tax (VAT) rate from 5% to 15% on July 1, 2020. The demand for used cars is negatively impacted by Saudi Arabia’s tripled VAT rates.

The unexpected breakout of COVID-19 has little impact on the expansion of the Saudi Arabia Used Cars Market. This is because the epidemic hampered new vehicle sales and manufacture, prompting people to switch to secondhand cars. Due to a lack of new cars from auto companies, used car sales increased in the market. Furthermore, the economic crisis presents a potential growth opportunity in the used car sector. As more people sought affordable vehicles, the demand for used cars in the country increased, accelerating overall market growth.

The Central region is expected to dominate the market due to its huge working population. Furthermore, this region is home to an enlarged commercial hub, urbanisation, and the majority of significant brand-authorized dealers with many showrooms. This has a significant impact on the demand for Saudi Arabia Used Cars Market throughout the predicted period. Major market participants include Autoworld, Carnab, Carswitch, Expact, Expatriates, Halta2ee, Haraj, Motory, Mourjan, OLX, and others.

Key Target Audience:

Used Car Companies
OEMs
Multi-Brands
Online Used Car Portals
Used Car Financing Companies
Government Bodies
Investors & Venture Capital Firms
Used Car Dealerships
Used Car Industry
Used Car Manufacturing Companies
Used Car Distributors
Used Car Auction Houses
Used Car Associations

Saudi Arabia Used Car Market Segmentation:

By Market Structure:

Auction Companies
C2C
Local Dealers
Multi-Brand Non-Franchise Dealerships
OEM Certified Dealers
Organized Sector
Unorganized Sector

By Type of Car:

Luxury
Pickup Trucks
Sedan and Hatchback
SUV

By Manufacturer:

Chevrolet
Ford
GMC
Hyundai
Kia
Nissan
Toyota

By Type of Kms Driven:

<50,000
>150,000
50,000-80,000
80,000-150,000

By Source of Age of Vehicle

>5 years
1-2 Years
3-5 Years

By Age of Consumer:

18-34
35-54
55+

By Region:

Northern
Southern
Central
Western

For More Information, refer to below link –

KSA Used Car Distributors Market Share

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Saudi Arabia Luxury Car Market Share, Revenue, Rising Trends, Growth Drivers, Key Players, Business Opportunities and Forecast 2033: SPER Market Research

admin September 6, 2024 Automotive, Business, News

Luxury cars are pricey, highly developed automobiles with superior performance, luxurious interiors, and a plethora of safety measures. Even while these cars are more expensive than compact and mid-sized cars, they also have more contemporary features, more comfort, and better-quality materials. Luxuries like leather upholstery, sophisticated navigation systems, cameras, and superior engines and suspension are typically found in luxury cars. Air vent slats, pop-up tweeters, trunk hinges, an anti-kidnapping heartbeat monitor, a jump seat, a distinctive gear selector, and a starlit headliner are common additions to luxury cars in addition to normal amenities.

According to SPER market research, ‘Saudi Arabia Luxury Car Market Size- By Vehicle Type, By Fuel Type, By Price Range – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Saudi Arabia Luxury Car Market is predicted to reach USD XX billion by 2033 with a CAGR of 5.53%.

Drivers: Saudi Arabia’s luxury automobile market is expanding rapidly as a result of several dynamic factors, such as the country’s infrastructure, culture, and economy. A key contributing element is the country’s strong economy, which is bolstered by substantial oil earnings, since more and more wealthy individuals are prepared to spend money on high-end cars. The Vision 2030 project in Saudi Arabia aims to enhance the country’s economy and standard of living by investing in infrastructure and tourism, which in turn promotes the purchase of luxury automobiles. An additional factor driving demand is the rise in the proportion of youthful, well-off individuals who favor luxury goods.

Challenges: The Saudi luxury car market is confronted with multiple challenges. Because it can impact the overall stability of the economy and, consequently, consumer spending power on high-end cars, the price of oil is a serious issue. Import taxes and stringent emissions rules are two regulatory roadblocks that the market must get past. These issues might affect the price and availability of luxury cars. Potential buyers may be turned off by Saudi Arabia’s harsh weather since it might be challenging to maintain and run cars in this region. Furthermore, the luxury car industry faces intense competition from both domestic and foreign players, underscoring the significance of innovation and distinctiveness.

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The COVID-19 pandemic had a major effect on Saudi Arabia’s luxury car industry, bringing with it both opportunities and challenges. First, there was a dramatic decline in luxury car sales due to lower consumer spending, shuttered showrooms, and problems with international supply chains. There has also been a small decrease in demand due to travel restrictions and economic worries. However, the market proved resilient as the pandemic spread. As the prevalence of online purchasing and virtual showrooms increased, luxury brands were able to adjust and interact with customers via digital channels. A further boost to consumer confidence came from the oil market’s rebound and Saudi Arabia’s efforts to revive its economy.

Additionally, some of the market key players are; Porsche, Maserati, Mercedes-Benz, BMW, Audi, Others.

Saudi Arabia Luxury Car Market Segmentation:

By Vehicle Type: Based on the Vehicle Type, Saudi Arabia Luxury Car Market is segmented as; Hatchback, Sedan, Sports Utility Vehicle.

By Fuel Type: Based on the Fuel Type, Saudi Arabia Luxury Car Market is segmented as; Gasoline, Diesel, Electric.

By Price Range: Based on the Price Range, Saudi Arabia Luxury Car Market is segmented as; Entry-Level, Mid-Level, High-End, Ultra.

By Region: This research also includes data for Eastern Region, Western Region, Northern Region, Southern Region.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information, refer to below link –

Saudi Arabia Luxury Car Market Trends

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India MBO Two Wheelers Market Growth 2024, Rising Trends, Revenue, Key Players, Share, Challenges, Future Opportunities and Forecast till 2033: SPER Market Research

admin September 5, 2024 Automotive

Two-wheeled MBO (Multi-Brand Outlet) vehicles have become an important player in the Indian automobile business, providing clients with a wide range of options all under one roof. People looking for a variety of two-wheeler brands and models will find these establishments to be a convenient and welcome location. MBOs provide a forum for domestic and foreign producers to showcase their products, allowing customers to browse and select from a wide range of motorcycles and scooters. MBO two-wheelers have become popular among Indian consumers who value convenience, personalisation, and the security of a reputable retailer due to their low prices, tempting financing options, and good after-sales assistance.

According to SPER Market Research, ‘India MBO Two Wheelers Market Size- By Type of Brand, By Type of Vehicle, By Type of Bike, By Gender, By Engine Capacity, By Financing, By 2W Specification, By Age Group, By Income – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the India MBO Two Wheelers Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.

Drivers:

In India’s two-wheeler market, motorcycles and scooters have become much more popular because of their use, accessibility, and fuel efficiency. MBOs prioritise providing excellent customer service. They offer knowledgeable salesmen, a friendly and well decorated showroom, and trustworthy after-sales support. Customers are happier and more devoted as a result. MBOs can offer attractive financing options, such as low down payments, easy installment plans, and quick loan processing. These financing options increase sales by bringing down the cost of two-wheelers for consumers.

Restraints:

There are several challenges facing the Indian MBO (Multi-Brand Outlet) two-wheeler market that affect its growth and operations. Retail channels, both structured and unstructured, are a major danger to the MBO industry. Rival MBOs, brand-exclusive showrooms, and online platforms pose a challenge to market share and profitability. Given that consumers in the MBO market have access to a wide range of brands and models under one roof, it may be challenging to establish and maintain brand loyalty. MBOs need to differentiate themselves and create a unique value offer if they want to attract new customers and retain current ones.

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The COVID-19 pandemic has affected the two-wheeler MBO (Multi-Brand Outlet) sector in India substantially. The market experienced a sharp decline in sales during the lockdown periods as consumer spending was influenced by travel restrictions and unstable economic conditions. Supply chain disruptions caused MBOs to experience problems with their inventory. However, the outbreak made the shift towards personal mobility worse, with people choosing two-wheelers for safer commuting. When restrictions were loosened, the market progressively recovered, driven by stagnant demand and a predilection for private transportation.

India MBO Two Wheelers Market Key Players:

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Alka Auto, Ather, Auto EV Mart, Bajaj Auto, Bhumi Motors, Bike Wo, City Motors, FG Motors, Hero, Honda, Kawasaki, M2Go, Mahindra, Speed Force, Suzuki, TVS, Yamaha, Others.

For More Information, refer to below link –

India MBO Two Wheelers Market Forecast

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KSA Logistics and Warehousing Market Growth and Size, Rising Trends, Revenue, Demand, Key Players, Challenges, Future Opportunities and Forecast 2032: SPER Market Research

admin September 5, 2024 Automotive

The industry and infrastructure involved in the distribution, management, and storage of commodities and products within the Kingdom of Saudi Arabia is referred to as warehousing. The network of distribution hubs, storage facilities, and logistical services that make up warehousing is devoted to the safe and effective handling, storage, and transportation of commodities and products. These facilities serve a range of industries, including manufacturing, retail, e-commerce, agricultural, and more, and might differ in size and area of expertise.

According to SPER market research, ‘Saudi Arabia Warehousing Market Size- By Business Model, By Type of Warehouses, By End Users – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Saudi Arabia Warehousing Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.

Drivers:

The Saudi Arabian e-commerce industry is a major factor in the market’s rise and growth. The swift growth of online shopping and evolving consumer tastes have created a greater need for effective storage and delivery facilities to serve e-commerce enterprises. Warehouses are essential for inventory control, prompt order fulfillment, and product delivery to online customers—all of which improve the consumer experience in general.

The market for warehousing is significantly impacted by Saudi Arabia’s expanding manufacturing sector. Because factories and other enterprises are manufacturing items, they require storage facilities. Similar to large storage facilities, warehouses are where businesses hold their goods before sending them to clients or retail locations.

Challenges:

The high setup expenses for warehouses and land are a major barrier to market expansion. The costs of finding appropriate land and building warehouses can be a significant obstacle for companies wishing to open offices or grow their operations in the nation. These expenses include personnel, building supplies, land pricing, and local regulatory compliance. All of these factors add to the overall cost of the project.

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The COVID-19 pandemic significantly affected the dynamics of supply and demand in the Malaysian smartphone industry. Many consumers experienced financial instability during the pandemic, which raised demand in less expensive options, such as old iPhones. Demand for pre-owned gadgets increased as a result of this change in consumer behavior, as more people looked for affordable methods to work remotely and stay connected.

But the epidemic also caused supply chain disruptions, which affected the market for old iPhones. Restrictions and lockdowns hampered the procedures of refurbishing and reselling, which created shortages and delays in the market.

Additionally, some of the market key players are; Agility Logistics, Aramex, Hala Supply Chain Services, LSC Logistics, Mosanada Logistics.

Saudi Arabia Warehousing Market Segmentation:

By Business Model: Based on the Business Model, Saudi Arabia Warehousing Market is segmented as: Industrial/Retail, Cold Storgae, Container Freight/Inland Container Depot.

By Type of Warehouse: Based on the Type of Warehouse, Saudi Arabia Warehousing Market is segmented as: Closed Temperature Controlled Warehouses, Closed Non-Temperature Controlled Warehouses, Cold Storage, Open Yards.

By End Users: Based on the End Users, Saudi Arabia Warehousing Market is segmented as: Consumer Retail, Food and Beverages, Healthcare, Automotive, Others.

By Region: This report also provide the data for key regional segments of Saudi Arabia; West, Centre, North, South, East.

For More Information, refer to below link –

Saudi Arabia Warehousing Market Outlook

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South Africa Automotive Lubricants Market

South Africa Automotive Engine Oil Market Expected to Surge to USD XX Billion by 2033 at 4.1% CAGR: SPER Market Research

admin September 5, 2024 Automotive, Business, News

Automotive lubricants are specialized fluids used in car engines and gearboxes to reduce friction, wear, and heat between the various moving parts. These lubricants are necessary to maintain the vehicle’s longevity and optimal performance. They include gearbox, differential, and engine oils. Engine oils, for example, function to cool and lubricate engine parts, reducing the possibility of overheating and damage by preventing metal-on-metal contact.

According to SPER market research, ‘South Africa Automotive Lubricants Market Size- By Vehicle Type, By Product Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the South Africa Automotive Lubricants Market is predicted to reach USD XX billion by 2033 with a CAGR of 4.1%.

Drivers: Synthetic lubricants are mineral oils that have undergone significant processing to improve their performance characteristics and meet the needs of modern vehicle technologies. This section also includes biodegradable and environmentally friendly biolubricants. Synthetic lubricants were not commonly used in the past since they were thought of as luxury products. However, as engine technologies and environmental concerns improve, synthetic lubricants are becoming more and more popular. These solutions offer longer oil drain intervals than their mineral lubricant counterparts in order to satisfy consumer demand. Synthetic lubricating oils also provide the advantages of reduced vehicle emissions, improved hardware compatibility, and enhanced fuel efficiency. These factors create new business opportunities by accelerating the adoption of synthetic lubricants.

Challenges: Automotive lubricants significantly increase the life of a car by reducing friction and protecting the solid moving parts. But growth slows down considerably as lubricants and technologies improve all the time. Cars now drain their oil more frequently—from once every six to twelve months to once every eighteen to twenty-four months—due to benefits including improved fuel economy and the greater use of synthetic lubricants. Customers also choose premium lubricants with longer oil change intervals since they protect their cars. However, this has restricted the market’s volume expansion, and low volume growth is predicted throughout the duration of the projection.

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The automotive and industrial sectors were severely impacted by the COVID-19 pandemic, which had an impact on the South African market for automobile lubricants. Due to lower vehicle use, a slowdown in auto manufacturing, and lower auto sales, the sector saw a considerable reduction in demand during the pandemic. Travel limits and lockdowns reduced the amount of miles driven by cars, which in turn reduced the amount of lubricant used in both private and commercial vehicles. In addition, companies and consumers’ financial strain and economic uncertainty caused them to spend less on non-essential things and postpone arranging auto maintenance.

Additionally, some of the market key players are; Astron Energy Pty Ltd, BP PLC (Castrol), Engen Petroleum Ltd, ExxonMobil Corporation, FUCHS.

South Africa Automotive Lubricants Market Segmentation:

By Vehicle Type: Based on the Vehicle Type, South Africa Automotive Lubricants Market is segmented as; Commercial Vehicles, Motorcycles, Passenger Vehicles.

By Product Type: Based on the Product Type, South Africa Automotive Lubricants Market is segmented as; Engine Oils, Greases, Hydraulic Fluids, Transmission & Gear Oils.

By Region: This research also includes data for France, Germany, Italy, Spain, United Kingdom, Rest of Europe.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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South Africa Automotive Lubricants Market Size

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Saudi Arabia Electric Vehicle Battery Market

KSA Electric Vehicle Battery Market Forecast: USD XX Million by 2033 and a CAGR of XX% | SPER Market Research

admin September 5, 2024 Automotive, Business, News

An electric vehicle (EV) battery is a battery-powered energy capacity gadget that controls the electric engine of an EV. The battery is the energy focus of the EV and is re-energized by connecting it to a plug or charging station. EV batteries are normally lithium-particle batteries that are intended for high ability to-weight proportion and energy thickness. They are made utilizing carbon or graphite, a metal oxide, and lithium salt, which make up the positive and negative terminals. These components are joined with electrolytes to deliver electric flow. EV batteries are developed by interfacing numerous singular lithium particle battery cells to make a battery module. The most widely recognized kinds of lithium battery cells utilized are round and hollow, kaleidoscopic, pocket, and sharp edge. EV batteries are typically situated beneath the seats for better weight circulation.

According to SPER Market Research, ‘Saudi Arabia Electric Vehicle Battery Market Size- By Battery type, By Vehicle type, By Propulsion type- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Saudi Arabia Electric Vehicle Battery Market is estimated to reach USD XX million by 2033 with CAGR of XX%.

Saudi Arabia’s environment requires temperature-safe lead corrosive batteries, which might drive development in that market. The Saudi Arabian government is centred on sustainable transportation and decreasing its reliance on oil. The public authority is additionally attempting to decrease fossil fuel by products by creating environmentally friendly power and empowering the utilization of electric vehicles. Individuals are progressively picking electric vehicles to diminish their carbon impression and keep up with ecological maintainability. The government’s initiative to advance electric vehicle reception, the foundation of the charging framework, and the interest in cleaner transportation choices will drive the interest in electric vehicle batteries. Additionally, progressions in battery innovation and the development of the electric vehicle market universally will add to advertise extension.

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Saudi Arabia’s electric vehicle battery market faces difficulties connected with the reception of electric vehicles (EVs) and charging infrastructure. To advance EV reception, market players should address worries about battery range, charging openness, and charging time. Ensuring the accessibility of quick charging arrangements and upgrading battery innovation to broaden range is crucial. Moreover, the contest between traditional gas-powered motor vehicles and worldwide battery producers adds intricacy to the market dynamics. The need for inescapable charging foundation, customer training on EV benefits, and feasible battery removal strategies impacts market development. The dynamics of the market are additionally confounded by competition from abroad battery makers and vehicles with customary gas-powered motors.

The electric vehicle (EV) battery market in Saudi Arabia showed flexibility during the COVID-19 pandemic, with proceeded with revenue in electric mobility. EV batteries power electric vehicles. Shipping delays and increased costs of timely delivery of raw materials finished products. As shopper reception of electric vehicles kept on developing post-pandemic and legislatures advanced reasonable transportation, the market for EV batteries is supposed to expand. The pandemic featured the shift toward cleaner and greener transportation.

The largest market share for Saudi Arabia Electric Vehicle Battery Market is held by Riyadh due to sustainable urban development and smart city projects. Avass Group, CATL, Electromin, EV Metals and General Motors are few of the key players in the market.

For More Information, refer to below link:-

KSA Electric Vehicle Battery Market Future Outlook

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Middle East and Africa Armored Vehicles Market Size, Trends, Revenue, Growth Drivers, Industry Share, Opportunities and Forecast 2033: SPER Market Research

admin September 5, 2024 Automotive, Business, News

Armoured vehicles are specially designed vehicles with enhanced protective systems that can survive ballistic and explosive attacks. These vehicles are mostly used for military purposes such as troop transportation, combat operations, reconnaissance, and mine detection. They are also utilised by law enforcement to maintain public order and protect high-profile individuals. The Middle East and Africa armoured vehicle market offers a wide range of products, including main battle tanks, armoured personnel carriers, mine-resistant ambush protected (MRAP) vehicles, and more.

According to SPER Market Research, ‘Middle East and Africa Armored Vehicles Market Size – By Type – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Middle East and Africa Armored Vehicles Market is estimated to reach USD 2.84 billion by 2033 with a CAGR of 5.29%.

Drivers:

Military Land Vehicles Equipped with Contemporary Military Technology: Thanks to developing military technology, the Middle East and Africa are witnessing a sharp increase in the employment of military ground vehicles. An increasing number of unmanned ground vehicles are being used to support logistics and carry out investigations without posing a threat to human life. Fuel efficiency, silent operation, and enhanced shielding capabilities are the main factors driving the adoption of electric and hybrid vehicles. Self-governing and networked technologies are not only changing armoured vehicles but also increasing demand for them.

Restraints:

Limited Resources for Military: Budgetary restrictions on defence in the Middle East and Africa may make it difficult to acquire and upgrade military land vehicles, which would lead to a shortage of money for cutting edge equipment, a delay in delivery, and a reduction in the number of vehicles overall. Dependence on foreign suppliers creates challenges in terms of costs, import and export restrictions, technology transfer, and maintenance support. Inadequate infrastructure, difficult terrain, and a deficient local military sector all limit the capacity to modify vehicles to meet specific operational needs.

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The emergence of the COVID-19 epidemic has a complex impact on the various armoured vehicle economies. Manufacturers of parts and assembly lines for automobiles have suffered significant losses. The pandemic crisis has also caused a halt in the construction of armoured vehicles. The top rivals in the armoured vehicle market are gradually resuming production and generating demand for the vehicles through a range of techniques and plans. Throughout the forecast period, the top armoured vehicle manufacturers’ combined efforts and government initiatives will lead to a sizable market expansion.\

MEA Armored Vehicles Market Key Players:

Saudi Arabia is the market leader for armoured vehicles in the Middle East and Africa thanks to its growing defence capabilities and OEM procurement agreements. Security concerns and the rise in terrorism are the main reasons behind the nation’s sharp growth in the purchase of military hardware. In order to expand the market and expand its armoured vehicle fleet, the Saudi Arabian government intends to spend in the military over the next ten years. Major players in the market are Mahindra Emirates Vehicle Armouring FZ-LLC, NIMR Automotive (EDGE Group PJSC), Streit Group, Rheinmetall AG, and Others.

Middle East Armored Vehicles Market Segmentation:

By Type: Based on the Type, Middle East and Africa Armored Vehicles Market is segmented as; Main Battle Tank (MBT), Infantry Fighting Vehicle (IFV), Armored Personnel Carrier (APC).

By Region: This research also includes data for South Africa, United Arab Emirates, Egypt, Rest of Middle East and Africa

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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Middle East and Africa Armored Vehicles Market Future Outlook

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