封面
市场调查报告书
商品编码
1438038

2030 年汽车惰轮臂市场预测:按车辆类型、惰轮臂类型、安装类型、材料、应用、最终用户和地区进行的全球分析

Automotive Idler Arm Market Forecasts to 2030 - Global Analysis By Vehicle Type, Idler Arm Type, Mounting Type, Material, Application, End User and By Geography

出版日期: | 出版商: Stratistics Market Research Consulting | 英文 200+ Pages | 商品交期: 2-3个工作天内

价格

根据 Stratistics MRC 的数据,2023 年全球汽车惰轮臂市场规模为 36.8 亿美元,预计到 2030 年将达到 48.5 亿美元,预测期内复合年增长率为 6.1%。

汽车惰轮臂是车辆转向系统中的关键零件,将中心连桿连接到车架。惰轮臂的主要功能是透过支撑和控制转向连桿的运动来保持正确的对准。惰轮臂确保平稳的转向反应和稳定性,最大​​地减少转向系统的间隙。

根据OEC给出的资料,2021年全球汽车製造商产生的收益将超过1250亿美元,汽车惰轮臂市场将占汽车产业收入的8-10%,预计该市场将根据预测期,成长约10- 15%。

汽车售后市场的成长

由于更换和升级组件的需求不断增加,惰轮臂售后市场正在经历显着成长。消费者对提高性能和客製化的需求正在促进市场成长,并推动售后供应商之间的创新和竞争。这一趋势反映了消费者偏好的动态变化,并在不断扩大的汽车售后市场的推动下,推动了汽车惰轮臂市场的蓬勃发展。

原物料价格波动

汽车惰轮臂是车辆转向系统的关键零件,主要由于市场动态、地缘政治事件和供应链中断而面临原物料价格波动。这些波动导致更高的生产成本并影响製造商的报酬率。因此,市场正在经历定价不确定性,为製造商和消费者的有效规划和投资带来挑战。这种不确定性正在阻碍市场成长。

全球汽车产量增加

全球汽车产量的增加将直接导致包括惰轮臂在内的转向零件的需求增加。随着汽车生产不断扩大以满足不断增长的全球需求,对可靠的转向系统(例如带有惰轮臂的转向系统)的需求不断增加。需求的激增有助于市场成长,并为製造商和供应商提供了满足汽车行业不断增长的需求并利用转向零件市场扩张的机会。

更换成本高

汽车惰轮臂由于其在转向系统中的重要作用且製造工艺复杂,因此更换成本较高。精密工程和耐用材料有助于提高可靠性,但也会增加製造成本。高昂的更换成本可能会阻碍消费者进行日常维护和更换,进而影响车辆的整体性能。最终,不断上升的更换成本可能会阻碍及时维护的习惯并阻碍市场成长。

COVID-19 的影响

COVID-19 的爆发对市场产生了负面影响。全球供应链中断、工厂关闭和消费者支出减少导致汽车产量下降。市场面临材料短缺、物流限制和新车需求减少等挑战。此外,经济的不确定性阻碍了投资并推迟了开发计划。随着产业逐渐復苏,对抗疫情后果的斗争仍在继续,这凸显了弹性和适应性对于汽车惰轮臂市场相关人员的重要性。

预计可调惰轮臂部分在预测期内将是最大的

可调惰轮臂部分预计将出现良好的成长。可调式惰轮臂是汽车转向系统中的关键零件,可进行微调和对准调整。这种自适应功能允许机械师和车主自订转向几何形状,以优化操控性和轮胎磨损。可调节性可适应悬吊变化并精确对准转向系统。该部件对于提高车辆的整体性能和安全性发挥重要作用。

预计悬吊系统领域在预测期内复合年增长率最高

预计悬吊系统领域在预测期内将以最高的复合年增长率成长。汽车惰轮臂悬吊系统是有助于车辆稳定性和操控性的关键部件。它将转向连桿连接到底底盘并允许前轮受控运动。作为悬吊系统的一部分,惰轮臂保持正确的对准并吸收来自道路的衝击。该系统对于确保平稳稳定的行驶条件发挥着至关重要的作用。悬吊系统的耐用性和性能的增强正在推动该领域的成长。

比最大的地区

由于汽车行业的扩张和汽车产量的增加,预计亚太地区在预测期内将占据最大的市场占有率。中国和印度等汽车工业蓬勃发展的国家为市场扩张做出了巨大贡献。此外,中阶的崛起和都市化进一步推高了汽车保有率,扩大了对汽车转向零件的需求,为亚太地区汽车惰轮臂创造了良好的市场环境。

复合年增长率最高的地区:

由于汽车产业强劲,预计北美在预测期内的复合年增长率最高。该地区汽车持有高以及对技术进步的重视增加了对高效转向系统(包括惰轮臂)的需求。严格的安全法规正在进一步推动市场发展,迫使製造商生产可靠且相容的零件。主要汽车製造商的存在和完善的售后市场也有助于市场成长。

免费客製化服务:

订阅此报告的客户可以存取以下免费自订选项之一:

  • 公司简介
    • 其他市场参与者的综合分析(最多 3 家公司)
    • 主要企业SWOT分析(最多3家企业)
  • 区域分割
    • 根据客户兴趣对主要国家的市场估计、预测和复合年增长率(註:基于可行性检查)
  • 竞争基准化分析
    • 根据产品系列、地理分布和策略联盟对主要企业基准化分析

目录

第一章执行摘要

第二章 前言

  • 概述
  • 相关利益者
  • 调查范围
  • 调查方法
    • 资料探勘
    • 资料分析
    • 资料检验
    • 研究途径
  • 调查来源
    • 主要调查来源
    • 二次调查来源
    • 先决条件

第三章市场趋势分析

  • 促进因素
  • 抑制因素
  • 机会
  • 威胁
  • 应用分析
  • 最终用户分析
  • 新兴市场
  • 新型冠状病毒感染疾病(COVID-19)的影响

第4章波特五力分析

  • 供应商的议价能力
  • 买方议价能力
  • 替代品的威胁
  • 新进入者的威胁
  • 竞争对手之间存在敌对关係

第五章全球汽车惰轮臂市场:依车型分类

  • 小客车
  • 轻型商用车(LCV)
  • 重型商用车(HCV)
  • 其他车型

第六章全球汽车惰轮臂市场:按惰轮臂类型

  • 标准惰轮臂
  • 手动转向惰轮臂
  • 可调惰轮臂
  • 齿条齿轮惰轮臂
  • 其他惰轮臂类型

第七章全球汽车惰轮臂市场:依安装类型

  • 连接到框架的惰轮臂
  • 底盘安装惰轮臂
  • 连接到横樑上的惰轮臂
  • 悬吊臂安装惰轮臂
  • 多点安装惰轮臂
  • 其他安装类型

第八章全球汽车惰轮臂市场:依材料分类

  • 塑胶
  • 复合材料
  • 其他材料

第九章全球汽车惰轮臂市场:依应用分类

  • 转向系统
  • 悬吊系统

第10章全球汽车惰轮臂市场:依最终用户分类

  • OEM(目标商标产品製造商)
  • 汽车服务中心和车库
  • 汽车零件零售商
  • 其他最终用户

第十一章全球汽车惰轮臂市场:按地区

  • 北美洲
    • 美国
    • 加拿大
    • 墨西哥
  • 欧洲
    • 德国
    • 英国
    • 义大利
    • 法国
    • 西班牙
    • 其他欧洲国家
  • 亚太地区
    • 日本
    • 中国
    • 印度
    • 澳洲
    • 纽西兰
    • 韩国
    • 其他亚太地区
  • 南美洲
    • 阿根廷
    • 巴西
    • 智利
    • 南美洲其他地区
  • 中东和非洲
    • 沙乌地阿拉伯
    • 阿拉伯聯合大公国
    • 卡达
    • 南非
    • 其他中东和非洲

第十二章 主要进展

  • 合约、伙伴关係、协作和合资企业
  • 收购和合併
  • 新产品发布
  • 业务扩展
  • 其他关键策略

第十三章 公司简介

  • Sankei Industries Limited
  • Dorman Products
  • GMB Corporation
  • Highlink Auto Parts Limited
  • DRiV Incorporated
  • Rare Parts Inc.
  • Datta Industries
  • Emerson Forge Private Limited
  • Hitachi Astemo Limited
  • Karlyn Industries
  • SKF Group
  • Federal-Mogul Motorparts
Product Code: SMRC25026

According to Stratistics MRC, the Global Automotive Idler Arm Market is accounted for $3.68 billion in 2023 and is expected to reach $4.85 billion by 2030 growing at a CAGR of 6.1% during the forecast period. An automotive idler arm is a crucial component in a vehicle's steering system, connecting the center link to the vehicle's frame. Its primary function is to maintain proper alignment by supporting and controlling the movement of the steering linkage. The idler arm ensures smooth steering response and stability, minimizing play in the steering system.

According to the data given by OEC, the global revenue generated by an automobile manufacturer is more than US$ 125 billion in 2021 and the market of automotive idler arm covers 8-10% of the automobile industry as their revenue and is expected to have the growth of this market by 10-15% approximately as per the forecasted period.

Market Dynamics:

Driver:

Growing automotive aftermarket

With a growing demand for replacement and upgrade components, the aftermarket segment for idler arms experiences a significant boost. Consumers seeking enhanced performance and customization options contribute to the market's growth, fostering innovation and competition among aftermarket suppliers. This trend reflects a dynamic shift in consumer preferences, promoting a thriving automotive idler arm market driven by the ever-expanding automotive aftermarket.

Restraint:

Fluctuating raw material prices

The automotive idler arm, a crucial component in vehicle steering systems, faces fluctuating raw material prices primarily due to market dynamics, geopolitical events, and supply chain disruptions. These fluctuations lead to increased production costs, impacting profit margins for manufacturers. Consequently, the market experiences pricing uncertainties, making it challenging for both manufacturers and consumers to plan and invest effectively. This uncertainty hinders the market growth.

Opportunity:

Rise in global automotive production

Increased manufacturing of vehicles worldwide directly correlates with a higher demand for steering components, including idler arms. As automotive production expands to meet growing global demand, the need for reliable steering systems, such as those incorporating idler arms, intensifies. This surge in demand contributes to the market's growth, providing opportunities for manufacturers and suppliers to cater to the increasing requirements of the automotive industry and capitalize on the expanding market for steering components.

Threat:

High replacement costs

The automotive idler arm incurs high replacement costs due to its critical role in steering systems and complex manufacturing processes. Precision engineering and durable materials contribute to its reliability, but also elevate production expenses. The high replacement costs may deter consumers from regular maintenance or replacements, impacting overall vehicle performance. Ultimately, the elevated replacement costs may hinder market growth by discouraging timely maintenance practices.

Covid-19 Impact

The covid-19 pandemic has adversely affected the market. Disruptions in global supply chains, factory closures, and reduced consumer spending led to a decline in automotive production. The market faced challenges with material shortages, logistical constraints, and a decrease in demand for new vehicles. Moreover, economic uncertainties hindered investments and delayed development projects. As the industry gradually recovers, it continues to grapple with the aftermath of the pandemic, emphasizing the importance of resilience and adaptability for stakeholders in the automotive idler arm market.

The adjustable idler arm segment is expected to be the largest during the forecast period

The adjustable idler arm segment is estimated to have a lucrative growth. An Adjustable Idler Arm is a pivotal component in vehicle steering systems, allowing for fine-tuning and alignment adjustments. This adaptive feature enables mechanics and vehicle owners to customize the steering geometry, optimizing handling and tire wear. The adjustability accommodates changes in suspension and aligns the steering system precisely. This component plays a crucial role in enhancing overall vehicle performance and safety.

The suspension system segment is expected to have the highest CAGR during the forecast period

The suspension system segment is anticipated to witness the highest CAGR growth during the forecast period. The suspension system in an automotive idler arm is a critical component that contributes to vehicle stability and handling. It connects the steering linkage to the chassis, allowing controlled movement of the front wheels. The idler arm, part of the suspension system, helps maintain proper alignment and absorbs road shocks. This system plays a pivotal role in ensuring smooth and stable driving conditions. Its enhanced durability and performance of the suspension system propels the segment growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the expanding automotive industry and rising vehicle production. Countries like China and India, with their thriving automotive sectors, contribute significantly to the market's expansion. Additionally, a burgeoning middle class and urbanization further boost vehicle ownership, amplifying the demand for automotive steering components, thereby creating a favourable market landscape for Automotive Idler Arms in the Asia-Pacific region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, due to a robust automotive industry. The region's high vehicle ownership rates and a strong emphasis on technological advancements drive the demand for efficient steering systems, including idler arms. Stringent safety regulations further boost the market, compelling manufacturers to produce reliable and compliant components. The presence of key automotive players and a well-established aftermarket contribute to the market's growth.

Key players in the market

Some of the key players profiled in the Automotive Idler Arm Market include Sankei Industries Limited, Dorman Products, GMB Corporation, Highlink Auto Parts Limited, DRiV Incorporated, Rare Parts Inc., Datta Industries, Emerson Forge Private Limited, Hitachi Astemo Limited, Karlyn Industries, SKF Group and Federal-Mogul Motorparts.

Key Developments:

In October 2021, Hitachi Astemo, Ltd. launched a prototype for an advanced steer-by-wire steering system. This cutting-edge technology allows for the removal of traditional steering wheels, creating more cabin space. Such innovations are instrumental for future-generation vehicles and self-driving cars.

In March 2021, SKF India's Automotive Aftermarket division announced the launch of three new products created to address the changing demands of customers across sectors in India, the new products including Chain and Sprockets for 2-Wheeler, Timing Belts and Steering and suspension systems for 4-wheelers. This range of new innovative products is of high quality, superior strength and delivers long life.

Vehicle Types Covered:

  • Passenger Cars
  • Light Commercial Vehicles (LCVs)
  • Heavy Commercial Vehicles (HCVs)
  • Other Vehicle Types

Idler Arm Types Covered:

  • Standard Idler Arm
  • Manual Steering Idler Arm
  • Adjustable Idler Arm
  • Rack & Pinion Idler Arm
  • Other Idler Arm Types

Mounting Types Covered:

  • Frame-Mounted Idler Arm
  • Chassis-Mounted Idler Arm
  • Crossmember-Mounted Idler Arm
  • Suspension Arm-Mounted Idler Arm
  • Multi-Point Mounting Idler Arm
  • Other Mounting Types

Materials Covered:

  • Steel
  • Aluminum
  • Plastic
  • Composite Materials
  • Other Materials

Applications Covered:

  • Steering System
  • Suspension System

End Users Covered:

  • Original Equipment Manufacturers (OEMs)
  • Automotive Service Centers & Garages
  • Automotive Parts Retailers
  • Other End Users

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa

What our report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

  • Company Profiling
    • Comprehensive profiling of additional market players (up to 3)
    • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

  • 2.1 Abstract
  • 2.2 Stake Holders
  • 2.3 Research Scope
  • 2.4 Research Methodology
    • 2.4.1 Data Mining
    • 2.4.2 Data Analysis
    • 2.4.3 Data Validation
    • 2.4.4 Research Approach
  • 2.5 Research Sources
    • 2.5.1 Primary Research Sources
    • 2.5.2 Secondary Research Sources
    • 2.5.3 Assumptions

3 Market Trend Analysis

  • 3.1 Introduction
  • 3.2 Drivers
  • 3.3 Restraints
  • 3.4 Opportunities
  • 3.5 Threats
  • 3.6 Application Analysis
  • 3.7 End User Analysis
  • 3.8 Emerging Markets
  • 3.9 Impact of Covid-19

4 Porters Five Force Analysis

  • 4.1 Bargaining power of suppliers
  • 4.2 Bargaining power of buyers
  • 4.3 Threat of substitutes
  • 4.4 Threat of new entrants
  • 4.5 Competitive rivalry

5 Global Automotive Idler Arm Market, By Vehicle Type

  • 5.1 Introduction
  • 5.2 Passenger Cars
  • 5.3 Light Commercial Vehicles (LCVs)
  • 5.4 Heavy Commercial Vehicles (HCVs)
  • 5.5 Other Vehicle Types

6 Global Automotive Idler Arm Market, By Idler Arm Type

  • 6.1 Introduction
  • 6.2 Standard Idler Arm
  • 6.3 Manual Steering Idler Arm
  • 6.4 Adjustable Idler Arm
  • 6.5 Rack & Pinion Idler Arm
  • 6.6 Other Idler Arm Types

7 Global Automotive Idler Arm Market, By Mounting Type

  • 7.1 Introduction
  • 7.2 Frame-Mounted Idler Arm
  • 7.3 Chassis-Mounted Idler Arm
  • 7.4 Crossmember-Mounted Idler Arm
  • 7.5 Suspension Arm-Mounted Idler Arm
  • 7.6 Multi-Point Mounting Idler Arm
  • 7.7 Other Mounting Types

8 Global Automotive Idler Arm Market, By Material

  • 8.1 Introduction
  • 8.2 Steel
  • 8.3 Aluminum
  • 8.4 Plastic
  • 8.5 Composite Materials
  • 8.6 Other Materials

9 Global Automotive Idler Arm Market, By Application

  • 9.1 Introduction
  • 9.2 Steering System
  • 9.3 Suspension System

10 Global Automotive Idler Arm Market, By End User

  • 10.1 Introduction
  • 10.2 Original Equipment Manufacturers (OEMs)
  • 10.3 Automotive Service Centers & Garages
  • 10.4 Automotive Parts Retailers
  • 10.5 Other End Users

11 Global Automotive Idler Arm Market, By Geography

  • 11.1 Introduction
  • 11.2 North America
    • 11.2.1 US
    • 11.2.2 Canada
    • 11.2.3 Mexico
  • 11.3 Europe
    • 11.3.1 Germany
    • 11.3.2 UK
    • 11.3.3 Italy
    • 11.3.4 France
    • 11.3.5 Spain
    • 11.3.6 Rest of Europe
  • 11.4 Asia Pacific
    • 11.4.1 Japan
    • 11.4.2 China
    • 11.4.3 India
    • 11.4.4 Australia
    • 11.4.5 New Zealand
    • 11.4.6 South Korea
    • 11.4.7 Rest of Asia Pacific
  • 11.5 South America
    • 11.5.1 Argentina
    • 11.5.2 Brazil
    • 11.5.3 Chile
    • 11.5.4 Rest of South America
  • 11.6 Middle East & Africa
    • 11.6.1 Saudi Arabia
    • 11.6.2 UAE
    • 11.6.3 Qatar
    • 11.6.4 South Africa
    • 11.6.5 Rest of Middle East & Africa

12 Key Developments

  • 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
  • 12.2 Acquisitions & Mergers
  • 12.3 New Product Launch
  • 12.4 Expansions
  • 12.5 Other Key Strategies

13 Company Profiling

  • 13.1 Sankei Industries Limited
  • 13.2 Dorman Products
  • 13.3 GMB Corporation
  • 13.4 Highlink Auto Parts Limited
  • 13.5 DRiV Incorporated
  • 13.6 Rare Parts Inc.
  • 13.7 Datta Industries
  • 13.8 Emerson Forge Private Limited
  • 13.9 Hitachi Astemo Limited
  • 13.10 Karlyn Industries
  • 13.11 SKF Group
  • 13.12 Federal-Mogul Motorparts

List of Tables

  • Table 1 Global Automotive Idler Arm Market Outlook, By Region (2021-2030) ($MN)
  • Table 2 Global Automotive Idler Arm Market Outlook, By Vehicle Type (2021-2030) ($MN)
  • Table 3 Global Automotive Idler Arm Market Outlook, By Passenger Cars (2021-2030) ($MN)
  • Table 4 Global Automotive Idler Arm Market Outlook, By Light Commercial Vehicles (LCVs) (2021-2030) ($MN)
  • Table 5 Global Automotive Idler Arm Market Outlook, By Heavy Commercial Vehicles (HCVs) (2021-2030) ($MN)
  • Table 6 Global Automotive Idler Arm Market Outlook, By Other Vehicle Types (2021-2030) ($MN)
  • Table 7 Global Automotive Idler Arm Market Outlook, By Idler Arm Type (2021-2030) ($MN)
  • Table 8 Global Automotive Idler Arm Market Outlook, By Standard Idler Arm (2021-2030) ($MN)
  • Table 9 Global Automotive Idler Arm Market Outlook, By Manual Steering Idler Arm (2021-2030) ($MN)
  • Table 10 Global Automotive Idler Arm Market Outlook, By Adjustable Idler Arm (2021-2030) ($MN)
  • Table 11 Global Automotive Idler Arm Market Outlook, By Rack & Pinion Idler Arm (2021-2030) ($MN)
  • Table 12 Global Automotive Idler Arm Market Outlook, By Other Idler Arm Types (2021-2030) ($MN)
  • Table 13 Global Automotive Idler Arm Market Outlook, By Mounting Type (2021-2030) ($MN)
  • Table 14 Global Automotive Idler Arm Market Outlook, By Frame-Mounted Idler Arm (2021-2030) ($MN)
  • Table 15 Global Automotive Idler Arm Market Outlook, By Chassis-Mounted Idler Arm (2021-2030) ($MN)
  • Table 16 Global Automotive Idler Arm Market Outlook, By Crossmember-Mounted Idler Arm (2021-2030) ($MN)
  • Table 17 Global Automotive Idler Arm Market Outlook, By Suspension Arm-Mounted Idler Arm (2021-2030) ($MN)
  • Table 18 Global Automotive Idler Arm Market Outlook, By Multi-Point Mounting Idler Arm (2021-2030) ($MN)
  • Table 19 Global Automotive Idler Arm Market Outlook, By Other Mounting Types (2021-2030) ($MN)
  • Table 20 Global Automotive Idler Arm Market Outlook, By Material (2021-2030) ($MN)
  • Table 21 Global Automotive Idler Arm Market Outlook, By Steel (2021-2030) ($MN)
  • Table 22 Global Automotive Idler Arm Market Outlook, By Aluminum (2021-2030) ($MN)
  • Table 23 Global Automotive Idler Arm Market Outlook, By Plastic (2021-2030) ($MN)
  • Table 24 Global Automotive Idler Arm Market Outlook, By Composite Materials (2021-2030) ($MN)
  • Table 25 Global Automotive Idler Arm Market Outlook, By Other Materials (2021-2030) ($MN)
  • Table 26 Global Automotive Idler Arm Market Outlook, By Application (2021-2030) ($MN)
  • Table 27 Global Automotive Idler Arm Market Outlook, By Steering System (2021-2030) ($MN)
  • Table 28 Global Automotive Idler Arm Market Outlook, By Suspension System (2021-2030) ($MN)
  • Table 29 Global Automotive Idler Arm Market Outlook, By End User (2021-2030) ($MN)
  • Table 30 Global Automotive Idler Arm Market Outlook, By Original Equipment Manufacturers (OEMs) (2021-2030) ($MN)
  • Table 31 Global Automotive Idler Arm Market Outlook, By Automotive Service Centers & Garages (2021-2030) ($MN)
  • Table 32 Global Automotive Idler Arm Market Outlook, By Automotive Parts Retailers (2021-2030) ($MN)
  • Table 33 Global Automotive Idler Arm Market Outlook, By Other End Users (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.