Market Overview:
The global automotive speedometer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles across the globe. Additionally, factors such as rising disposable income, technological advancements, and changing consumer preferences are also contributing to the growth of this market. The global automotive speedometer market is segmented on the basis of type into analog automotive speedometers and digital automotive speedometers. The analog automotive speedometer segment is expected to hold a larger share in terms of revenue in 2018 as compared to that of digital automotive Speedometers owing low cost and easy installation process over digital ones . However, with technological advancements taking place at a fast pace, it is anticipated that there will be an increase in demand for digital Automotive Speedometers over Analog ones during the forecast period from 2018-2030 . On account on application , OEMs held majority share (in terms revenue) followed by aftermarket players globally In 2017 . However , it Is projected that Aftermarket players would register comparatively higher CAGR than OEMS throughoutthe Forecast Period due high replacement rate associated with these components .
Product Definition:
A speedometer is a device used to measure the speed of a moving object. It is usually fitted to a vehicle, but can be used on other objects, such as boats or trains. The importance of automotive speedometers is that they provide drivers with information about how fast they are travelling so that they can drive safely and within the limits of the law.
Analog Automotive Speedometer:
Analog automotive speedometer is a device used in vehicles to measure the speed of an engine or vehicle. It is usually a hand-held or built-in device that uses a mechanism to count the number of pulses per revolution generated by the tires. The most common type of automotive speedometer used in passenger cars and commercial vehicles displays odometrically accurate information and can be easily operated by any person without any training.
Digital Automotive Speedometer:
The digital automotive speedometer is a device that displays the current vehicle speed. It is usually mounted on the dashboard of vehicles and works on the principle of electromagnetic induction. The working principle behind it is simple, when connected to an engine block heater or another heat source, it will generate an electric signal and display the resultant value on its LCD or LED screen.
Application Insights:
OEMs are involved in the production of automotive speedometers for use in vehicles. OEMs produce their own branded version of an automotive speedometer, whereas aftermarket companies mainly import various types of generic digital and analog mechanical instruments for installation post-purchase by consumers. The application segment is further divided into two categories namely, OEM and aftermarket. The former being a part owner of the vehicle whereas latter acts as a third party seller who imports products directly to end customers without involvement with either manufacturer or dealer level distribution channels.
The OEM segment dominated the market owing to extensive usage across all major manufacturers globally coupled with strong presence on online automotive classifieds websites such as eBay Motors and Craigslist where sellers offer their used vehicles equipped with pre-owned auto parts including but not limited to tires, wiper blades, stereos etc., which indicates high demand among consumers globally for these products from both new and used car dealerships respectively across all regions worldwide.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing vehicle production in countries, such as China and India. Moreover, rising disposable income of consumers and improving road infrastructure are likely to contribute toward regional growth. Europe accounted for a significant share in 2017 owing to stringent government regulations regarding fuel economy of vehicles coupled with consumer preferences for high performance cars with enhanced handling capabilities at higher speeds. However, stringent European Union (EU) norms regarding consumption and emissions are projected to hamper market growth over the forecast period.
Growth Factors:
- Increasing demand for luxury and performance cars
- Rising disposable income of consumers in developing countries
- Technological advancements in automotive speedometer design and functionality
- Stringent government regulations on safety and emissions standards
- Growing popularity of motorsports events
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Speedometer Market Research Report
By Type
Analog Automotive Speedometer, Digital Automotive Speedometer
By Application
OEM, Aftermarket
By Companies
Visteon, Caerbont Automotive, Continental Group, Yazaki, Bosch, Acewell International, Marelli, Galaxy Indicators India, Speedhut, Taihang instrument
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Speedometer Market Report Segments:
The global Automotive Speedometer market is segmented on the basis of:
Types
Analog Automotive Speedometer, Digital Automotive Speedometer
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Visteon
- Caerbont Automotive
- Continental Group
- Yazaki
- Bosch
- Acewell International
- Marelli
- Galaxy Indicators India
- Speedhut
- Taihang instrument
Highlights of The Automotive Speedometer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Analog Automotive Speedometer
- Digital Automotive Speedometer
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Speedometer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An automotive speedometer is a device that measures the speed of a vehicle.
Some of the key players operating in the automotive speedometer market are Visteon, Caerbont Automotive, Continental Group, Yazaki, Bosch, Acewell International, Marelli, Galaxy Indicators India, Speedhut, Taihang instrument.
The automotive speedometer market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Speedometer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive Speedometer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Speedometer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive Speedometer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive Speedometer Market Size & Forecast, 2020-2028
4.5.1 Automotive Speedometer Market Size and Y-o-Y Growth
4.5.2 Automotive Speedometer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Analog Automotive Speedometer
5.2.2 Digital Automotive Speedometer
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Speedometer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive Speedometer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Analog Automotive Speedometer
9.6.2 Digital Automotive Speedometer
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Analog Automotive Speedometer
10.6.2 Digital Automotive Speedometer
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Analog Automotive Speedometer
11.6.2 Digital Automotive Speedometer
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Analog Automotive Speedometer
12.6.2 Digital Automotive Speedometer
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Analog Automotive Speedometer
13.6.2 Digital Automotive Speedometer
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive Speedometer Market: Competitive Dashboard
14.2 Global Automotive Speedometer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Visteon
14.3.2 Caerbont Automotive
14.3.3 Continental Group
14.3.4 Yazaki
14.3.5 Bosch
14.3.6 Acewell International
14.3.7 Marelli
14.3.8 Galaxy Indicators India
14.3.9 Speedhut
14.3.10 Taihang instrument
