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Showing posts from November, 2020

How is the global Electric Off-highway Vehicle Market shaping up? What role has COVID-19 played in the market?

  The global Electric Off-Highway Vehicle Market size in a pre-COVID-19 situation was projected to reach USD 8.8 b illion in 2020 from USD 21.7 b illion by 2025 (in terms of value). However, due to COVID-19, most of the OEMs have delayed new vehicle developments and launches. Considering the global financial slowdown, electric off-highway vehicle manufacturers will refrain from adding extra cost to vehicles like an electric dump truck, electric LHD, electric excavator, electric loader, electric dozer, electric lawnmower, and electric tractor by installing batteries and hybrid powertrain systems. The electric off-highway vehicle market is estimated to observe a decline post-COVID-19 due to the impact on vehicle sales and demand from the application industry. The global electric off-highway vehicle market size post-COVID-19 is estimated to be USD 6.3 billion in 2020 and projected to reach USD 17.5 billion by 2025, at a CAGR of 22.8% , driven by the upcoming emission norms for off-hig

Hub Motor Market to Register Substantial Expansion by 2025

  The report  " Hub Motor Market  by Installation (Front & Rear), Vehicle (E-Bikes, E-Scooters/Mopeds, and E-Motorcycles), Motor (Geared and Gearless), Sales Channel (OE and Aftermarket), Power Output (Below 1000 W, 1000–3000 W, and Above 3000 W), and Region - Global Forecast to 2025"  Global hub motor market is projected to grow at a CAGR of 5.01% from USD 7.69 billion in 2018 to reach USD 10.82 billion by 2025 The major factors behind the growth of the hub motor market are improved vehicle performance, powerful acceleration, and high torque. Hub motor helps supply torque to its associated tire and generates more power to improve the efficiency of a vehicle. Electric Bike Segment: Increased power and better vehicle handling is expected to drive the hub motor market The electric bike segment is the largest of all segments of the hub motor market and is expected to witness a significant growth during the forecast period. The market growth of hub motors can be attribute

Automotive Suspension Market to Register Substantial Expansion by 2025

  The report " Automotive Suspension Market by Architecture (MacPherson Strut, Double Wishbone, Multi-link, Twist Beam, Leaf Spring, Air Suspension), System Type, Actuation, Component OE & Aftermarket, Vehicle (ICE, BEV, HEV, PHEV), and Region - Global Forecast to 2025", is projected to grow at a CAGR of 3.88% from 2017 to 2025, and the market size is estimated to grow from USD 50.76 billion in 2017 to USD 68.84 billion by 2025. The market is anticipated to grow due to the growing vehicle production, rising concern toward safety & comfort, and demand for better ride performance. Also, the development of semi-active/active systems, which are light, small, and high on performance, is projected to drive the demand for advanced automotive suspension systems. Passenger car is estimated to be the largest market for automotive suspension Passenger car is estimated to be the largest segment of the automotive suspension market. Factors such as rising consumer disposable

Automotive Seat Market: An Emerging Market with Attractive Growth Opportunities

  The global Automotive Seat Market size is projected to grow to USD 60.0 billion by 2025 from USD 51.9 billion in 2020, at a CAGR of 2.9%. Increase in demand for luxury and premium vehicles, lightweight material would drive the global automotive seat industry.   With an increase in demand for SUVs and luxury cars, automotive seating has evolved in terms of technology, comfort, and safety. While initially, automotive seating consisted of heavy bench seats made up of coils, springs, and cloth as the seat cover, today, they have transformed into bucket seats and rear bench seats with a 60/40 split. Along with this shift, new technologies such as powered seats with features such as massagers, ventilated, heated, and memory seats have been introduced. For instance, Ford Motor Company’s Lincoln Continental has a 30-way adjustable seat that still retains its original size. Stress & fatigue detection seats, smartphone-connected seats, and customized massaging seats are a few such examp

Mining Machinery Market– Analysis with Ongoing Trends & Market Revenue

  The global Mining Machinery Market size is projected to reach USD 36.2 billion by 2025, from an estimated value of USD 29.0 billion in 2020, at a CAGR of 4.5%. Increasing use of electric machinery in underground mining and increase in demand for metals and commodities are the driving factors are expected to boost the mining machinery market. The mining industry has witnessed many advancements, especially with the introduction of autonomous mining machinery. Autonomous mining trucks are capable of driving an exact route every time and help in meeting material handling capacity requirements, resulting in reduced production time, fewer chances of human error, increased safety, high production volume, and increased accuracy and repeatability. Caterpillar Inc. (US), Volvo CE (Sweden), and Komatsu Ltd. (Japan), some of the market leaders, manufacture autonomous mining trucks that are used at sites around the globe. The constant R&D efforts by mining machinery manufacturers to moderniz

Connected Motorcycle Market Predictions Exhibit Massive Growth by 2027

  The report  " Connected Motorcycle Market  by Service (Driver Assistance, Safety, Vehicle Management & Telematics, Infotainment, Insurance), Network (Cellular, DSRC), Calling Service (eCall, bCall), End User, Communication, Hardware, and Region - Global Forecast to 2027" , is projected to grow from USD 39 million in 2019 to USD 912 million by 2027, at a CAGR of 48.3%. The increasing focus on advanced safety and driver assistance features for motorcyclists would drive the connected motorcycle market. The demand for telematics-based vehicle management services is expected to rise with growing preference for high-performance motorcycles. Embedded hardware is expected to be the largest segment of the connected motorcycle market The embedded hardware segment is expected to be the largest market during the forecast period. The embedded connectivity module comprises a GPS/GLONASS system, a GSM (global system for mobile communication) module, electronic control unit, and ot

Farm Equipment Market – Analysis with Ongoing Trends & Market Revenue

The global  Farm Equipment Market  is projected to reach USD 113.0 billion by 2025 from an estimated USD 92.2 billion in 2020, growing at a CAGR of 4.2% during the forecast period, mainly due to attractive government policies to farmers in the form of loan waivers, credit finance, monetary aid in difficult times such as drought, pandemic such as COVID-19 etc. Increasing popularity and awareness of farm mechanization is significantly expected to drive farm equipment market. Also, developments in precision agriculture and autonomous tractors is expected to create future opportunities in farm equipment market. The rental market is also expected to grow at a significant rate in Asia Oceania in the coming years. In Asia Oceania, particularly in developing countries, average farm sizes are small. Thus, farmers cannot afford to buy tractors or combines for small farmlands. Therefore, leasing of high-cost equipment such as balers and combine harvesters is expected to grow significantly in As

Construction Equipment Market – Analysis with Ongoing Trends & Market Revenue

  The global Construction Equipment Market size is projected to reach USD 205.0 billion by 2025, from an estimated value of USD 169.3 billion in 2020, at a CAGR of 3.9%. Rapid urbanization leading to increased demand for housing projects is expected to boost the construction equipment market. The increasing number of infrastructure projects and mega construction projects are further anticipated to fuel the demand for construction equipment during the forecast period. Electrification is shaping the construction equipment market and offering significant opportunities and design possibilities. Electrification has been increasing in most market segments such as cars, buses, etc., including construction equipment. This has been made possible as advanced technologies are increasingly mature and affordable. Additionally, stringent emission regulations are likely to shape up the future of the construction equipment industry. The emission and noise-pollution standards implemented by these re

Exhaust Heat Recovery System Market: An Emerging Market with Attractive Growth Opportunities

  The report  " Exhaust Heat Recovery System Market  by Technology (EGR, Turbocharger, ORC, TEG), Component (EGR Valve & Cooler, Turbine, Compressor, Evaporator, Condenser, TEG Module), Vehicle (PC, LCV, Truck, Bus, Hybrid, OHV) and Region - Global Forecast to 2025" , The global exhaust heat recovery system market, in terms of value, is expected to grow at a CAGR of 10.38% during the forecast period. The market in 2018 is estimated to be USD 32.54 billion and is projected to reach USD 64.94 billion by 2025. Technologies such as EGR and turbocharger help in achieving reduced emissions and improvement in performance of the vehicle without influencing the vehicle performance. The growth of the exhaust heat recovery system market is influenced by factors such as the increasing production of commercial vehicles where turbochargers and EGR are standard fitments. Even future technology like ORC is expected to get commercialized for commercial vehicles first. In addition to that,

Car Care Products Market to Register Substantial Expansion by 2027

  The report " Car Care Products Market by Product Type (Cleaning and Caring, Polishing and Waxing, Sealing Glaze and Coating), Solvent Type, Application, Consumption, Distribution Channel, and Region - Global Forecast to 2027", is estimated to be USD 11.8 billion in 2019 and is projected to reach USD 16.1 billion by 2027, at a CAGR of 4.0%. Rising disposable income has resulted in an increase in spending capability for most of the end users towards car maintenance. The trend of maintaining a car as it is a part of a personal image is growing across most of the countries in the world. Used cars are a viable option for most of the first-time buyers across the globe and these users are a potential consumers of car care products. Increase in government mandates to protect the environment and the growth in overall sales volume of cars have immensely contributed to the growth of the car care products market. Cleaning and Caring Products segment is expected to be the fastest gro