Global Automotive Polishing Machine Market 2017-2021 - Product Image

Global Automotive Polishing Machine Market 2017-2021

  • ID: 4027568
  • Report
  • Region: Global
  • 62 pages
  • TechNavio
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FEATURED COMPANIES

  • DEWALT
  • FLEX
  • Griot's Garage
  • Meguiar's
  • Milwaukee Tool
  • Porter-Cable
  • MORE
About Automotive Polishing Machines

The automotive sales have improved worldwide. With the increase in consumers' confidence in various economies, such as the US, the automotive sales in terms of the units sold have improved. In 2017, the largest automotive market, China accounted for 24.9 million units, which are over 27% of the global automotive sales in 2015.

In China, the massive population along with strong economic growth is the driving factor for the rapidly growing automotive market. Apart from a strong domestic market, China is an export hub for automobiles and auto components with most of the international original equipment manufacturers (OEMs) and tire suppliers having off-shore manufacturing facilities in the country.

The analysts forecast the global automotive polishing machine market to grow at a CAGR of 8.22% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive polishing machine market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of automotive polishing machines.

The market is divided into the following segments based on geography:

- North America
- Europe
- APAC
- ROW

The report, Global Automotive Polishing Machine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Robert Bosch Tool
- DEWALT
- Griot's Garage
- Porter-Cable

Other prominent vendors
- The Eastwood Company
- FLEX
- Milwaukee Tool
- Meguiar's
- SHANGHAI KEN TOOLS CO.
- TorqToolCompany

Market drivers
- Growing used car market
- For a full, detailed list, view the full report

Market challenges
- Volatile automotive market
- For a full, detailed list, view the full report

Market trends
- Growing auto detailing market
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • DEWALT
  • FLEX
  • Griot's Garage
  • Meguiar's
  • Milwaukee Tool
  • Porter-Cable
  • MORE
Part 01: Executive summary

Part 02: Scope of the report
  • Market overview
  • Geographical segmentation
  • Vendor segmentation
  • Top-vendor offerings
Part 03: Market research methodology
  • Research methodology
  • Economic indicators
Part 04: Introduction
  • Key market highlights
Part 05: Market landscape
  • Market size and forecast
  • Five forces analysis
Part 06: Market segmentation by end-user
  • Automotive polishing machine market by commercial sector
  • Automotive polishing machine market by individuals
Part 07: Geographical segmentation
  • Global automotive polishing machine market by geography
  • Automotive polishing machine market in North America
  • Automotive polishing machine market in Europe
  • Automotive polishing machine market in APAC
  • Automotive polishing machine market in ROW
Part 08: Market drivers
  • Growing used car market
  • Effective results
Part 09: Impact of drivers

Part 10: Market challenges
  • Volatile automotive market
  • High product cost
Part 11: Impact of drivers and challenges

Part 12: Market trends
  • Increasing market demand
  • Growing auto detailing market
Part 13: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
Part 14: Key vendor analysis
  • Robert Bosch Tool
  • DEWALT
  • Porter-Cable
  • Griot's Garage
Part 15: Appendix
  • List of abbreviations
Part 16: About the Author

List of Exhibits

Exhibit 01: Product offerings
Exhibit 02: Global automotive polishing machine market 2016-2021 ($ billions)
Exhibit 03: Luxury car brands with their sales in Q3 2016 in comparison to Q3 2015 (unit shipment)
Exhibit 04: Five forces analysis
Exhibit 05: Automotive polishing machine market by commercial sector 2016-2021 ($ billions)
Exhibit 06: Global automotive polishing machine market in individual sector 2016-2021 ($ millions)
Exhibit 07: Global automotive polishing machine market by geographical segmentation 2016
Exhibit 08: Global automotive polishing machine market by geographical segmentation 2016-2021 (%)
Exhibit 09: Automotive polishing machine in North America 2016-2021 ($ millions)
Exhibit 10: Automotive polishing machine market in Europe 2016-2021 ($ millions)
Exhibit 11: Top five APAC countries by GDP 2011-2015 ($ billions)
Exhibit 12: Per capita income of top five countries in APAC 2014-2015 ($)
Exhibit 13: Automotive sales by region 2010-2015 (millions of units)
Exhibit 14: Automotive polishing machine market in APAC 2016-2021 ($ millions)
Exhibit 15: Automotive sales in Latin America 2008-2015 (millions of units)
Exhibit 16: GDP growth rate of top five Latin American countries 200-2015
Exhibit 17: Automotive polishing machine market in ROW 2016-2021 ($ millions)
Exhibit 18: US used vehicle sales volume 2013-2016 (millions of units)
Exhibit 19: Impact of drivers
Exhibit 20: Impact of drivers and challenges
Exhibit 21: Automotive sales in Asia 2008-2015 (millions of units)
Exhibit 22: Automotive sales in China 2008-2015 (millions of units)
Exhibit 23: Automotive sales in Mexico 2008-2015 (millions of units)
Exhibit 24: Automotive sales in Brazil 2008-2015 (millions of units)
Exhibit 25: Global auto detailing market 2016-2021 ($ billions)
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • DEWALT
  • FLEX
  • Griot's Garage
  • Meguiar's
  • Milwaukee Tool
  • Porter-Cable
  • MORE
New Report Released: - Global Automotive Polishing Machine Market 2017-2021

The author of the report recognizes the following companies as the key players in the global automotive polishing machine market: Robert Bosch Tool, DEWALT, Griot's Garage, and Porter-Cable

Other Prominent Vendors in the market are: The Eastwood Company, FLEX, Milwaukee Tool, Meguiar's, SHANGHAI KEN TOOLS CO., and TorqToolCompany

Commenting on the report, an analyst from the research team said: “The recent years witnessed volatile demand for automobiles from developed economies due to the economic slowdown. However, the robust growth from emerging markets is increasing the overall automotive sales. Some of the factors impacting the growth in emerging economies are the ideal population demographics and elevated purchasing power of consumers. The growth in emerging markets, with ongoing industrialization and global trade activity, especially in Brazil, Russia, India, and China (BRIC), have been vigorous. China's massive fiscal stimulus packages in recent years made it the leader in emerging markets. Over the past few years, China has maintained its position as the world's largest automotive market. The automotive market in India is dynamic in nature and rapidly growing. Many auto OEMs are entering the market to tap its huge potential.”

According to the report, the automotive industry is dominated by a few global multinational players and several retailers. The multinational players are OEMs, whereas the retail market deals in both new and used cars. The financial crisis of 2008-2009 has negatively impacted the automotive industry. The sales of new vehicles had sharply declined after the crisis whereas, the market for the sales of used vehicles was improving. The aftermath of the financial crisis has finally resolved. However, the used car market is flourishing more in comparison to the new vehicles market. For example, the used car market in the UK contributed the 52.3% of the total sales in 2015 with revenue of $45 billion. The ratio of used-car to the new-car transaction is growing, and the process of the transaction has become more transparent with the help of online platforms. Consumers can compare prices on different online platforms. Used car buyers are resorting to internet research for buying cars. The used car is sold in the market through three channels: private owners, franchised dealers, and independent dealers. In developed economies like the UK, private owners held 80% of the market share. The increasing penetration of online platform is driving the growth of the used car market.

Further, the report states that the growth of the market is inhibited by the high cost of the automotive polishing machine. The average selling price (ASP) of the automotive polishing machine is $200, which is very high for end-users like individuals. However, for the commercial sector, the ASP of the polishing machine doesn’t make a huge difference as auto detailing service providers design the overall package and do the costing of the overall service provided to the customer. However, it is expected that the ASP of the automotive polishing machine will increase due to the volatility of the raw material prices like plastic, used in the manufacturing of the automotive polishing machine.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Robert Bosch Tool
  • DEWALT
  • Griot's Garage
  • Porter-Cable
  • The Eastwood Company
  • FLEX
  • Milwaukee Tool
  • Meguiar's
  • SHANGHAI KEN TOOLS CO.
  • TorqToolCompany
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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