The base currency is considered as the United States Dollar (USD). Conversion of other currencies is based on the average exchange rates of the respective review period years. The exchange rate conversion for the forecast period is determined according to the base year’s conversion rates.

The increasing adoption of electric vehicles primarily propels the market’s growth of electric vehicle powertrains. In addition, strict regulations relating to vehicle emissions and fuel efficiency further contribute to the rising demand for these materials.

Car care products refer to a wide range of products used by vehicle owners for cleaning and maintaining their cars. These types of products are used to maintain the vehicle in a perfectly running condition and to remove dirt and grime from different car parts.

Automotive coolant is a liquid that circulates in various vehicle engine motors. Commercial and passenger vehicles are examples of vehicles that use automotive coolant. These coolants can be either liquid or gaseous. Coolant assists in removing excess heat from engine motors and keeping them cool. Automotive coolants are used in all types of vehicles, from small to large engines.

The stereo camera is a device that allows the recognition of 3D objects. This camera consists of two or more lenses with a separate image sensor for each lens. This gives the camera the ability to capture 3D images. The stereo camera for automotive applications helps to recognize other vehicles or pedestrians with high precision and gives enough time for other active safety systems like automatic braking and automatic steering systems to act effectively. As a result, the automotive industry is progressively witnessing an increasing adoption of stereo cameras in all vehicle segments.

A radiator fan is a device that sucks the atmospheric air through radiator panels and expels it into the atmosphere to cool the engine coolant after discharge from the engine. The radiator fan maintains an acceptable operating temperature by transferring heat from the engine to the atmospheric air. Hence, the radiator fan prevents the wear and tear of engine components. It also ensures that the automotive engine operates at an optimal temperature for better fuel efficiency.

Automotive fasteners are components used in automobiles and vehicle assembly, which include bolts, screws, nuts, washers, rivets, concrete anchors, inserts, threaded rods, and retaining rings that are used exclusively for automotive manufacturing.

Automotive powertrain testing is performed for testing various powertrain attributes, such as powertrain endurance, powertrain performance, powertrain verification, noise, vibrations, and harshness (NVH), emission development, and drivability assessment. A test bench or bed is used for testing complete powertrains. It can also be used for testing single components such as internal combustion engine (ICE), electric and wheel hub motors, gearboxes, clutches, axles, shafts, electric motor, and batteries.