Automotive and Transportation Research Reports

  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...

  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...

  North America is expected to be the largest market for low-speed vehicles during the forecast period. The north america low-speed vehicles market is projected to grow from USD 5,703.2 million to USD 8,020.0 million at a CAGR of 5.8%. These vehicles are popular for short-range commutes among older citizens in the US and are also used as neighborhood vehicles to commute to gyms, malls, restaurants, and schools. In the North American region, golf cart vehicles account for the largest market share, approximately 40% of the North American low-speed vehicle market. Under the golf cart vehicle category, two-seater golf carts are more prevalent in North America. The higher market share of golf cart vehicles in the North American market is mainly due to the higher number of golf courses in countries like the US and Canada. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1965274 Further, Stringent vehicle emission standards and the growth of the touri...

The  Ebike market  has been booming during the COVID-19 era. For example, the eBike sales in Europe increased to 15.6 million units in 2022, compared to 14 million units in 2021. Demand for e-bikes will increase in 2021 and 2022 with an increase in traffic congestion, growing e-commerce business, growing interest in cycling as a fitness and recreational activity, and consumers’ tendency towards an eco-friendly solution for commuting. Taiwan has emerged as a central exporting hub for eBikes and their associated parts, mainly due to the anti-dumping policy of Europe and the US-China trade war. However, in 2023 and 2024, various factors hit market conditions, such as excess inventory, reduced consumer purchasing power, and inflationary pressures. The slowdown has been primarily attributed to several key factors, such as the war in Ukraine, the general global economic decline, and disturbances in electricity and gas supplies that have interfered with the manufacturing processes an...

 The Asia Pacific Electric Vehicle Market is expected to grow from USD 218.8 billion to USD 404.7 billion by 2030, at a CAGR of 8.1%. The market in Asia Pacific region is led by growing dominance in China, and increasing demand for passenger EVs in South Korea, India, Japan and south east Asian countries such as Thailand, Indonesia, Malaysia and Vietnam. EV sales in China peaked near 50% share of the total vehicle sales in 2024; led by strong collaboration of domestic automakers with battery manufacturers (with lower EV battery costs) and increased platformization, leading to lower cost compared to foreign OEMs. This was however, led by strong sales of PHEVs, which grew by over 80% compared to 2023. Other countries in the region had a slowdown in sales in 2024, but have been showing growth in consumer acceptance lately, and expected to speed up their EV shift post 2025. BYD (~30-35%) and Tesla (~10-13%) held the largest market share in the region, led by demand for mid-priced ma...

  The China EV charging station market is expected to grow from USD 6.3 billion in 2024 to USD 10.1 billion by 2030, at a CAGR of 8.2%. China has emerged as a global leader in public light-duty vehicle charging infrastructure, accounting for approximately 70% of the world's total in 2024, with projections to maintain dominance through 2030. Its robust growth is fueled by strategic initiatives and partnerships aimed at expanding charging access and technology. Xiaomi's integration with NIO, XPENG, and Li Auto chargers, alongside Volkswagen's collaboration with XPENG to develop ultra-fast chargers, exemplifies this progress. This extensive infrastructure aligns with the country’s efforts to support EV adoption and sustainable mobility. Around 48% of charging points in China are located around Guangdong, Jiangsu, Zhejiang, Shanghai, and Beijing. As of December 2024, China's public EV charging infrastructure remains the largest globally, with over 3.2 million charging poin...