GENERAL NEWS
Global market for motor vehicles
The “ Motor Vehicles Global Market Report 2021 : COVID-19 Impact and Recovery to 2030 ” report has been added to ResearchAndMarkets . com ’ s offering . According to the report , the global motor vehicles market is expected to grow from US $ 2115.18 billion in 2020 to US $ 2308.01- billion in 2021 , at a compound annual growth rate ( CAGR ) of 9.1 %.
“ Growth is mainly due to companies rearranging their operations and recovering from the COVID-19 impact , which had earlier led to restrictive containment measures involving social distancing , remote working and the closure of commercial activities that resulted in operational challenges . The market is expected to reach US $ 3231.03 billion in 2025 at a CAGR of 9 %,” said the report .
“ Asia Pacific was the largest region in the global motor vehicles market , accounting for 37 % of the market in 2020 . North America was the second largest region , accounting for 31 % of the global motor vehicles market . Africa was the smallest region in the global motor vehicles market ,” it continued .
Motor vehicle manufacturers , especially car manufacturers , are increasingly focused on the commercialisation of cars with active window displays . The active window displays
will show all key driving information on the windshield such as navigation instructions , fuel level information , vehicle speed and other information . Some car manufacturers are also offering technologies that can be fixed on the dashboard of a car . For instance , during the Consumer Electronics Show ( CES ) 2019 , some car manufacturers ( such as Hyundai and Mercedes-Benz ) showcased their Augmented Reality cockpit prototypes which are similar to the active windows display .
“ The motor vehicle market is aided by stable economic growth forecasted in many developed and developing countries .
Recovering commodity prices , after a significant decline in the historic period , is further expected to aid the market growth . Developed economies are also expected to register stable growth during the forecast period . Additionally , emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period . Stable economic growth is expected to increase investments in end-user markets , thereby driving the motor vehicle market during forecast period ,” added the report . n
. researchandmarkets . com / r / 9an1tt
KMF Group invests in automated bending
KMF Precision Sheet Metal , the sheet metal fabrication arm of the KMF Group in the UK , has kickstarted the first quarter of the year with investment in new robotic bending equipment . As part of plans which began in 2015 to introduce automated robotic systems in the UK , it has committed to a rolling technology investment programme .
The latest addition to its ambitious innovation plans is a TRUMPF TruBend Cell 7000 , complete with Wireless ACB ( Automatically Controlled Bend technology ), which has already begun delivering products .
Terry Stanway , KMF purchasing and facilities director , commented : “ The combined offerings from the current technology will ensure that we can now investigate lights-out production opportunities for larger volume demand , particularly for smaller components , where additional capacity is required . The installation of the Autobend Cell represents the first phase of investment in 2021 , during which time we also expect to commit to further technology advancements with an upgrade
KMF ’ s new TruBend Cell 7000 .
to our existing automated twin system , Laser Cell .
“ From initial investigations , it is expected that this project is likely to result in production cycle reductions of up to 60 % across a range of material types and gauges ,” he added .
KMF Group is a leading subcontract manufacturer of precision sheet metal components , enclosures , machined components and electro-mechanical assemblies . It delivers precision sheet metal
Manual bending operations at KMF Precision Sheet Metal .
fabrication , CNC machining and valueadded services such as value engineering , design and electro-mechanical integration , to manufacture sheet metal parts and assemblies for OEMs ( Original Equipment Manufacturers ) across the UK and Europe .
It spans 255,000 sq . ft . of metal manufacturing floor space and provides services across a broad range of industries . n
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