This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180309005187/en/
Technavio has published a new market research report on the global automotive thrust washers market from 2018-2022. (Graphic: Business Wire)
This market research report segments the global automotive thrust washers market into the following end-users, including OEMs and aftermarket and key regions, including the Americas, APAC, and EMEA.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio analysts highlight the need for lightweight thrust washers as a key factor contributing to the growth of the global automotive thrust washers market:
Need for lightweight thrust washers
Use of aluminum as an alternative to steel to manufacture automotive thrust washers enhances the performance of the thrust washers. Owing to its versatility, aluminum is the second most chosen material to replace steel. Some of its application end-user industries are building, construction, electrical, machinery, automotive, and transportation. Aluminum is used for various applications in various forms due to its unique features such as less weight, corrosion resistance, and recyclability. It is also used in the manufacturing of sheets for automobile and roofing; tubes for heating, ventilation, air-conditioning systems, and radiators; extrusions for doors and windows; castings for auto parts; foils for food packaging; and plates for shipping and tooling.
According to a senior analyst at Technavio for automotive components, “The automobile industry is witnessing a rise in the adoption of advanced technologies to reduce the emission levels, to increase the fuel efficiency, and to improve the driving dynamics of vehicles. Aluminum alloys are used for automotive thrust washers that weigh half the weight of the regular steel thrust washers. This proves to be stronger, safer, and more efficient. In countries such as China, Germany, Japan, and the US, the adoption rate of aluminum is expected to be the highest during the forecast period.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Global automotive thrust washers market segmentation
Of the two major end-users, the OEMs segment held the largest market share in 2017, accounting for nearly 64% of the market. The market share of this segment is expected to increase nearly 4% by 2022.
APAC was the leading region for the global automotive thrust washers market in 2017, accounting for a market share of 54%. APAC is expected to continue to dominate the market during the forecast period due to the rising production of automotive in the Asian market.
Technavio’s best deals of the month!
Celebrate Earth Day and clean energy with Technavio. Get 30% discounton all
Energy reports . Offer valid from 12th March - 18th March.
Get 20% off on all Media and Entertainment Services reports. Offer valid only till the 31st of March.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at firstname.lastname@example.org.
Copyright Business Wire 2018