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Showing posts from September, 2021

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 othe

Car Care Products Market to Witness Astonishing Growth by 2027

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  The global Car Care Products Market is projected to grow at a CAGR of 4.7% during the forecast period, from an estimated USD 4.2 billion in 2021 to USD 5.5 billion by 2027. Car care products are high-quality chemicals used for better shine, gloss, and longevity of vehicles. Increase in sale of used cars, use of e-commerce platforms by leading players to increase customer base are expected to offer promising future growth of the market for car care products. Used cars are also referred to as pre-owned cars that had one or more retail owners in the past. The used car market is served by unorganized players that include individuals, not organizations, and various organized players such as Alibaba Group, eBay, Sun Toyota, Cars24 Services Pvt. Ltd., and OLX Autos by OLX Group. The demand for used cars has experienced a significant rise due to consumer focus on high-quality vehicles available at affordable prices. The outbreak of COVID-19 resulted in disruptions in the supply chain and

Automotive Relay Market - Growth, Trends, and Forecast (2019 - 2027)

  The report  “ Automotive Relay Market  by Type (PCB, Plug-In, High Voltage, Protective, Signal, Time), Ampere (5A-15A, 16A-35A, >35A), Application, Vehicle Type, EV Relay Type (Main, Precharge, Quick Charge, Normal, HV), 48V Relay, and Region – Global Forecast to 2027″  The automotive relay market is projected to grow to USD 21.8 billion by 2027 from USD 14.2 billion in 2019, at a CAGR of 5.5%. The increasing demand for safety, luxury, and comfort and increasing electric vehicle sales will drive the growth of the automotive relay market. HEV is estimated to hold the largest share in the electric vehicle relay market Increased tail pipe emissions have triggered stringent emission and fuel efficiency regulations. There would be an increased focus from OEMs on electric vehicles to curb these emissions. The power supply circuit of electric vehicles must be equipped with high voltage DC relays with very strong arc extinguishing abilities of the safety interruption equipment. In B

Automotive Camera Market Demand, Trends and Forecast to 2025

  The Automotive Camera Market is projected to grow at a CAGR of 12.4% during the forecast period. It is estimated to be USD 6.8 billion in 2020 and is projected to reach USD 12.2 billion by 2025. The market growth is primarily driven by factors such as regulatory changes and increasing demand for active safety system. The emergence of newer safety technologies in the automotive industry and the growing demand for electric cars have driven the automotive camera market. Added safety and convenience for the driver has been a major objective of developing camera systems. Moreover, the increasing government mandates related to active safety system are driving the automotive camera market. For instance, in May 2018, the government of Canada and the US mandated that all vehicles under 10,000 pounds must be equipped with a backup camera. Also, the US government has a voluntary agreement with many manufacturers to fit autonomous emergency braking (AEB) by 2022. European governments are f

Automotive Thermal System Market to Witness Astonishing Growth by 2026

  The Automotive Thermal System Market is projected to reach USD 49.1 billion by 2026 from USD 40.9 billion in 2021, at a CAGR of 3.7%. Stringent emission norms and rising demand for in-vehicle comfort applications will drive the automotive thermal system market With the increase in global vehicle parc, controlling GHG emissions from vehicles has become a major challenge. To overcome the exponential outcome of emissions, regulatory bodies such as European Commission (EC) and the United States Environmental Protection Agency (US EPA) have regulated fuel sulphur content limits and mandated fuel economy standards. Advancements in thermal system technology can maximize CO2 reduction and improve vehicle efficiency by reusing the waste heat and optimally managing the heating and cooling systems of the vehicle. Various thermal system technologies that are now installed in luxury vehicles to meet the reduced CO2 emission targets are engine thermal mass reduction, predictive powertrain cont

Bike and Scooter Rental Market to Register Substantial Expansion by 2027

  The report  “ Bike and Scooter Rental Market  by Service (Pay as you go and Subscription-based), Propulsion (Pedal, Electric, and Gasoline), Operational Model (Dockless and Station-based), Vehicle (Bike, Scooter), and Region – Global Forecast to 2027″  The global bike and scooter rental market is projected to grow from USD 2.5 billion in 2019 to reach USD 10.1 billion by 2027, at a CAGR of 18.9%. The growth of the bike and scooter rental market is influenced by the rising demand for micro mobility and shift of consumer preference toward a more economical, convenient, and flexible mode of transport. Electric propulsion is expected to be the largest segment of the bike and scooter rental market, by propulsion type The increasing efforts to control pollution levels in developing countries have driven the demand for electric-powered vehicles. The decreasing price of batteries and the reliability of electric drivelines have encouraged more people to adopt electric two-wheelers. Countr