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EBike Market Poised for Rapid Growth: Trends & Forecast to 2030

The global EBike market is expected to grow from USD 48.72 billion in 2024 to USD 71.48 billion by 2030 at a CAGR of 6.6%. The electric bicycle market is driven by government subsidies, expanding micro-mobility services, advancements in lithium-ion battery technology, and improved infrastructure for e-bikes. However, the market has faced challenges recently due to supply chain disruptions, global economic tensions, reduced consumer spending, and overstocked inventories with manufacturers and suppliers. Additionally, In Europe, frequent disruptions in electricity and fuel supplies have delayed factory operations, impacting e-bike exports. North American and European ebike sales declined by 2.8% and 3.7% in 2024 compared to 2023. Despite a decline in s-pedelec and hub motor-powered ebike sales in 2023, the market is expected to regain momentum, driven by rising demand for sustainable transportation. Browse more than 526 market data tables and 94 figures spread through more than 458 P...
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Electric Bus Market: Driving the Future of Sustainable Public Transport

The global electric bus market is estimated to grow from USD 17.0 billion in 2024 to USD 37.5 billion by 2030, with a CAGR of 14.2% over the forecast period .  The growth of the electric bus market is driven by countries prioritizing the electrification of their public transportation fleets with zero-emission mobility through subsidies, tax exemptions, and favorable regulations prompted by emission concerns. For instance, the EU's CO2 targets for HD vehicles demand a 45% CO2 reduction by 2030, 65% by 2035, and 90% by 2040. According to the European Green Deal and REPowerEU goals, all new urban buses should be zero-emission by 2030. In February 2025, the US EPA launched the Clean School Bus Program with an investment of USD 5 bn to replace the existing buses with electric and alternative buses. Apart from government initiatives, factors such as - advancements in battery technology and the economic viability due to lower total cost of ownership – are also driving the market growth....
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Low-Speed Vehicle Market: Growth Trends & Future Outlook 2030

  The low-speed vehicle market is projected to grow from USD 11.09 billion in 2024 to USD 16.28 billion by 2030 at a CAGR of 6.6% during the forecast period. The low-speed vehicle (LSV) market is expanding due to factors like increased golf participation, growing charging infrastructure, and a rising need for safe, comfortable mobility, especially among seniors. Growth is further fueled by travel & tourism, urban mobility solutions, sustainable transport initiatives, and commercial infrastructure projects. Investments in the aviation and manufacturing sectors are also boosting LSV adoption for on-site transportation. However, inconsistent regulations, limited range, and the need for better-charging infrastructure pose challenges. In North America, a strong golf culture and a growing elderly population drive high LSV demand, with electric models gaining popularity due to their quiet operation and lower costs compared to gasoline versions. Browse through 255 market data tabl...
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Automotive Camera Market: Revolutionizing Vehicle Safety & ADAS by 2030

  The global automotive camera market size is projected to grow from USD 8.33 Billion in 2024 to USD 16.04 Billion by 2030, at a CAGR of 11.5% . Government regulations regarding vehicle occupants and pedestrian safety is driving the growth of the automotive camera market on a global scale. T he GSR2 regulations in Europe, effective June 2024, mandate driver monitoring systems (DMS) in all new vehicles. This has raised the demand for cameras that can monitor driver alertness. Technological advancements are also enhancing camera capabilities. Companies such as Valeo (France) and Teledyne FLIR LLC (US) are developing thermal imaging for automotive applications, providing improved visibility in extreme weather conditions as well as during nighttime. Initiatives aimed at enhancing road safety, reducing traffic congestion, and supporting autonomous vehicle technology require sophisticated camera systems for accurate detection and monitoring. These vehicles rely on multiple cameras, t...
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EV Battery Market Size, Share & Future Trends Analysis by 2035

The global EV battery market is projected to reach from USD 91.93 billion in 2024 to USD 251.33 billion by 2035 at a CAGR of 9.6 % during the forecast period. The EV battery market is poised for significant growth, influenced by various key factors. Increasing consumer demand for sustainable transportation options, coupled with supportive government policies promoting electric mobility, is driving the market forward. Technological advancements in battery chemistry, particularly in lithium-ion and solid-state batteries, are enhancing performance metrics such as energy density and charging speed, making EVs more appealing. Additionally, decreasing production costs and the expansion of manufacturing capabilities are further contributing to market growth. Notably, developments like General Motors' agreement with Vianode for large-scale synthetic anode graphite manufacturing highlight the industry's commitment to meeting rising battery demands. As automakers continue to innovate an...
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Global Commercial Vehicle Outlook: Market to Hit 3.5 Million Units by 2025

  The global medium & heavy commercial vehicle sales were 3.3 million units in 2024 and are projected to reach 3.5 million units in 2025, witnessing a YoY growth of 4.4% from 2024 to 2025. Further, within the regional market Asia Pacific region accounted for almost half of the market share. While the Internal Combustion Engine (ICE) Vehicles held the major share, the Battery Electric Vehicles (BEV) segment is expected to grow at a higher rate over 2024-2025. The growth of commercial vehicle sales is influenced by various factors, such as the Integration of Autonomous Technologies, Advancements in Energy Storage Systems (ESS), the emerging concept of Second Life Battery, and advancements in electrification and battery technologies. Countries such as China, Brazil, South Korea, and India have increased their investments in the development of the automotive industry including commercial vehicles due to their growing urban population and economies. Due to such investments, the...
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Asia Pacific to Lead ADAS Market, Reaching 297 Million Units by 2030

  The Asia Pacific ADAS Market is expected to grow from 122 million units in 2024 to 297 million units by 2030 at a CAGR of 16.0%.   The Asia Pacific region is led by China followed by Japan and South Korea. The ADAS penetration in China was 32-38% in 2024 and set to cross 95% by 2030. Leading automakers in the region, such as BYD, Toyota, Honda, Hyundai, and Kia leverage the advantages of safety systems and have made essential safety features a standard across their models. For instance, BYD plans to introduce NOA (Navigate on Autopilot) smart driving across its entire lineup starting in 2025. The company will also begin deploying its in-house developed ADAS algorithms across all models, ranging from the budget-friendly BYD Seagull to the high-end million-yuan Yangwang U8. Countries like China and Japan are developing intelligent urban transport systems to reduce accidents and improve commuting efficiency. For instance, in June 2024, China approved a group of nine automake...
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