Automotive and Transportation Research Reports

  The forklift market size is projected to grow from USD 58.9 billion in 2022 to USD 84.5 billion by 2027, at a CAGR of 7.5% for the same period. The increasing demand for forklifts offers many opportunities for rental services of these trucks, refurbished forklifts suppliers and advanced solution providers. Electric forklifts are gaining traction within material handling application especially at warehouses and logistics facilities and likely to grow wisely owing to its longer battery life, lower maintenance cost and easy maneurverability. High switching costs to electric forklifts and availability of charging infrastructure and battery capacity is few key concerns for this market; however growing advent of zero-emission working environment, sustainability, reduced running costs and rising development of advanced battery technologies will support positive future growth for this segment. This will help battery, motor and electric ystem and component supplier to gain new revenue stre

The automotive light market is projected to reach USD 28.5 billion by 2027 from an estimated USD 21.9 billion in 2022 at a CAGR of 5.3% during the forecast period, driven by developments in the automotive light sector and growing LED technology adoption. For instance, in 2020, AGC Inc announced the mandates to implement automatic lights on all new vehicles, which helps to reduce the accidents due to blinding. Further, automotive light OEMs are experimenting with newer and more advanced light technologies in premium and luxury car models. By vehicle type, passenger car is estimated to be the largest market for automotive light market owing to the largest production volume globally and growing demand for SUV and premium and luxury cars which has focus on ride safety, comfort and luxury compared to economical cars. The recent trends of making automotive light more responsive to driving speed, steering direction and terrain changes is also one of the major drivers of increasing demand f

The automotive drive by wire market is projected to reach USD 27.9 billion by 2027 from an estimated USD 20.6  billion in 2022 at a CAGR of 6.2% during the forecast period, driven by developments in the automotive drive by wire sector and growing EV sales and increasing autonomous vehicle developments. For instance, in July 2022, CNH industrial-backed Monarch tractors unveiled its first fully electric farm tractor which came equipped with Drive by Wire capabilities. By vehicle type, the passenger car segment is estimated to be the largest market for the automotive drive by wire market owing to the largest production volume globally and growing demand and adoption for SUVs and premium and luxury cars, and Electric Vehicles. This trend is growing popular as the drive by wire systems reduce the overall weight and complexity of the system by removing mechanical systems, thereby reducing the overall maintenance cost. Factors such as improved performance, safety, and reliability, along wi

  The e-Bike market size is projected to reach USD 80.6 billion by 2027 from an estimated USD 49.7 billion in 2022, at a CAGR of 10.2% from 2022 to 2027. The market is expected to witness growth due to the development of infrastructure for e-Bike cycling paths, adoption of the micro mobility solutions, tax benefits and subsidies given by various governments to promote and create awareness about the usage of e-Bike. With the growing popularity and usage of e-Bikes, the mountain e-Bike segment is expected to register the growth rate of 17.1% from 2022 to 2027. There has been a growing inclination of riders for the off roading and recreational activities for leisure purpose. Post-COVID-19 scenario, many European countries like Austria, Switzerland, Germany, Spain, and Norway are developing holiday packages with the growing craze for off-road recreational activities. Many major players in global market like as Accell Group N.V (Netherlands), Pon.Bike (US), Merida Industry Co., Ltd (Chin

  The report  " E-Bike Market  by Class (Class-I, Class-II, Class-III), Speed (Up to 25km/h, 25-45 km/h), Battery Type (Lithium-ion, Lithium-ion Polymer, Lead Acid), Motor Type, Mode (Pedal Assist, Throttle), Component, Usage, Ownership and Region - Forecast to 2027" The e-Bike market size is projected to reach USD 80.6 billion by 2027 from an estimated USD 49.7 billion in 2022, at a CAGR of 10.2% from 2022 to 2027. The market is expected to witness growth due to increase in demand for sustainable mobility solutions, rising traffic congestions, increasing fuel prices and growing interest in cycling as a fitness and recreational activity. Lithium-ion polymer battery type segment is expected to be the highest growing segment during the forecast period. The Lithium-ion polymer batteries are the future of the battery technology. Lithium-ion polymer batteries offer a better range and lesser weight than lithium-ion batteries. Another benefit is these batteries do not have free

The global electric utility vehicle market is projected to grow from USD 18.9 billion in 2022 to USD 23.9 billion by 2027, registering a CAGR of 4.8%. Electric all-terrain vehicles (ATVs), utility task vehicles (UTVs), utility carts, shuttle carts, and industrial utility vehicles were mapped as part of this research. Factors such as improved government push for electrification of agricultural utility vehicles, easy access to charging points, and increased user preference for zero-emission transport will increase the demand for electric utility vehicles. The market is dominated by established players such as Polaris (US), Club Car (US), Toyota Industries Corporation (Japan), John Deere (US), and Textron (US), among others. These players have worked on providing offerings for the electric utility vehicle ecosystem. They have initiated partnerships to develop their electric utility vehicle technology and offer best-in-class products to their customers. Electric ATVs are used in forest