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Showing posts from August, 2021

Electric Truck Market to Witness Astonishing Growth by 2030

  The global  Electric Truck Market  size is expected to grow from approximately 69,597 units in 2021 to reach 1,413,694 units by 2030, at a CAGR of 39.7%. Factors such as rise in pollution and environmental hazards, stringent government regulations, and stiff competition have compelled automotive OEMs to make fuel-efficient and environment-friendly trucks. OEMs worldwide are investing heavily in research & testing applications leading to continuous advancements in electric trucks. For instance, Volvo Group is working with Samsung SDI to develop advanced battery packs for Volvo Group’s electric trucks. The alliance will cover the joint development of battery packs specifically developed for Volvo Group’s truck applications. The intention is that Volvo Group will utilize Samsung SDI’s battery pack technology for assembly in Volvo Group’s manufacturing operations. Download PDF Brochure  @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=221011937 The COVID-19 pandemic h

Automotive Wiring Harness Market – Analysis with Ongoing Trends & Market Revenue

  The report  " Automotive Wiring Harness Market  by Application (Engine, Chassis, Cabin, Body & Lighting, HVAC, Battery, Seat, Sunroof, Door), Transmission Type (Data & Electrical), Category, ICE & Electric Vehicle, Component, Material, and Region - Global Forecast to 2027"  The automotive wiring harness market, by value, is projected to grow to USD 55.4 billion by 2027 from USD 43.3 billion in 2019, at a CAGR of 3.1%. The increasing ICE vehicle production coupled with increasing penetration of electric vehicles is anticipated to drive the automotive wiring harness market. Also, increasing penetration of luxury vehicles together with the growing demand for mid-size luxury vehicles, especially in Asia pacific, is further projected to boost the demand for wiring harness. Passenger car to be the largest segment by vehicle type The passenger car segment is projected to lead the automotive wiring harness market, by vehicle type. The increasing production of pass

How is the global Acoustic Vehicle Alerting System Market shaping up? What role has COVID-19 played in the market?

  The report  " Acoustic Vehicle Alerting System Market  by Propulsion Type, Vehicle Type, Electric Two-Wheeler (E-Scooter/Moped, E-Motorcycle), Sales Channel (OEM, Aftermarket), Mounting Position (Integrated, Separated), and Region - Global Forecast to 2027" , The acoustic vehicle alerting system market is projected to reach USD 5,619 million by 2027 from an estimated USD 425 million in 2019 considering the installation of AVAS in passenger car and commercial vehicle, at a CAGR of 38.1% during the forecast period The growth of acoustic vehicle alerting system market is influenced by factors such as government mandates, increasing sales of electric vehicles, and rising emphasis on commuter safety these factors are expected to drive the growth of the market. Therefore, the acoustic vehicle alerting system market is expected to witness a significant increase in the future. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=20863691 Asia Paci

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 3.90%. 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. Asia is estimated to be the leading market, with more than 50% share of the overall market, in terms of volume, in 2020, owing to the rapid urban infrastructure developments in China, Japan, and India. The construction equipment market has experienced growth in terms of the number of projects such as dams, airports, and hydroelectric projects because of which many international companies have started their manufacturing plants in this region. Some of the man-made marvels and remarkable construction projects such as the

Farm Equipment Market to Witness Astonishing Growth by 2025

  The global Farm Equipment Market is projected to reach USD 113,012 million by 2025 from an estimated USD 92,214 million in 2020, declining 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. Based on region, the farm tractor market is segmented into four major regions— Asia-Oceania, Europe, North America, and the Rest of the World (RoW). Each region is further segmented on the basis of power output into <30 HP, 31–70 HP, 71–130 HP, 131-250 HP, and >250 HP. Asia-Oceania is expected to be the largest market for farm tractors during the forecast period. Asia

Automotive Seat Market to Witness Astonishing Growth by 2025

  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%. An automotive seat is a component that provides support and a comfortable seating posture to the driver and co-passengers, while maintaining their safety. The seat strucure consists of several components, which include the armrest, pneumatic system, seat belt, seat frame & structure, seat headrest, seat height adjuster, seat recliners, and seat tracks. Its main function is to provide occupant support, occupant position, and occupant safety. 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 int

Electric Vehicle Charging Station Market – Analysis with Ongoing Trends & Market Revenue

  The global Electric Vehicle Charging Station Market size is projected to reach 30,758 thousand units by 2027, from an estimated 2,115 thousand units in 2020, at a CAGR of 46.6%. The base year for the report is 2019, and the forecast period is from 2020 to 2027. Factors such as growing demand for energy-efficient commuting and governments supporting electric Electric vehicles and Electric Vehicle charging station through subsidies & tax rebates have compelled Vehicle Manufacturers to invest into EV which has further increased demand for EV charging stations. The electric vehicle charging station market has promising growth potential due to several factors, including the growing demand for EV’s in the market, government’s support for growth in charging infrastructure, plans to reduce fossil fuel vehicles across many countries across the world etc. The rapidly growing sales volume of Electric Vehicles in Asia Pacific, especially in China has propelled the growth of the global el

Robotic Lawn Mower Market: An Emerging Market with Attractive Growth Opportunities

       The report  " Robotic Lawn Mower Market  by End User (Residential, Commercial), Lawn Size (small-sized, medium-sized, large-sized), Connectivity Type (With Connectivity, Without Connectivity), Distribution Channel, and Region- Global Forecast to 2025"  The robotic lawn mower market is estimated to be USD 533 million in 2018 and is projected to reach USD 1,261 million by 2025, at a CAGR of 13.10%. Increase in labor cost, safety concerns over traditional lawn mowers, and the need for noise-free operation are some of the major factors that will drive the robotic lawn mower market. Residential segment is estimated to be the largest robotic lawn mower market during the forecast period It has been observed that maintaining the lawn with a conventional lawn mower in the residential spaces is tedious and time consuming. Hence, people prefer robotic lawn mowers because of benefits like low maintenance cost, noise-free operation, high accuracy and precision, and minimum huma