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Showing posts from March, 2022

Automotive Piston Pin Market - Growth, Trends, and Forecast – 2027

  The  Automotive Piston Pin Market  size is projected to reach USD 314 million by 2025, from an estimated USD 259 million in 2020, at a CAGR of 4.0%. The base year for the report is 2019, and the forecast period is from 2020 to 2025. Factors such as substantial production and sales volumes of ICE vehicles, significant demand for high-performance vehicles, and growing trend of CNG, LNG, hybrid, and plug-in hybrid vehicles to drive the piston pin market during the forecast. In the piston pin market, by sales channel type, the OEM segment is projected to dominate the market during the forecast period. The key factor driving the OEM segment is that the number of piston pins is almost directly proportional to the number of ICE vehicles sold. All the new ICE vehicles sold by OEMs are already installed with piston pins and other necessary engine components. The majority of engine manufacturers are either manufacturing pins in-house or have partnered with piston pin manufacturers. Also, sin

Automotive Thermal System Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2027

The report " Automotive Thermal Systems Market by Application (Front & rear A/C, Engine & Transmission, Seat, Steering, Battery, Motor, Power Electronics, Waste Heat Recovery), Technology, Components, Vehicle Type and Region - Global Forecast to 2026" The global automotive thermal Systems market is projected to grow at a CAGR of 3.7% during the forecast period, from an estimated USD 40.9 billion in 2021 to USD 49.1 billion by 2026. Stringent emission norms and rising demand for in-vehicle comfort applications will drive the automotive thermal system market. Passenger Car segment is expected to be the fastest-growing segment during the forecast period The passenger car segment is estimated to be the largest market for automotive thermal systems. The top 6 countries with the highest passenger car production are China, Japan, Germany, India, South Korea, and the US. The key factors that drive the sales of passenger cars in various countries are increasing per capita inc

Mobility as a Service Market Estimated to reach $40.1 billion by 2030

  The report  " Mobility as a Service Market  by Service (Ride-Hailing, Car Sharing, Micro Mobility, Bus Sharing, Train), Solution, Application, Transportation, Vehicle, Operating System, Business Model, Propulsion & Region - Forecast to 2030" , size is projected to reach USD 40.1 billion by 2030 from an estimated USD 3.3 billion in 2021, at a CAGR of 32.1% from 2021 to 2030. The growth of the mobility as a service market is influenced by factors such as increasing smart city initiatives, growing adoption of on-demand mobility services, need to reduce CO2 emissions, improved 4G/5G infrastructure, and penetration of smartphones. Therefore, the mobility as a service market is expected to witness significant growth in the future. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=78519888 Four-wheelers segment to hold largest market share during the forecast period. The four-wheelers segment is projected to be the largest vehicle type se

Automotive Software Market Projected to reach 37.0 billion by 2025

  The global Automotive Software Market size is projected to grow from USD 16.9 billion in 2020 to USD 37.0 billion by 2025, at a CAGR of 16.9%. Compliance towards fuel efficiency standards, government safety mandates, and the adoption of electronics-based driving comfort & safety systems will drive the market for automotive software. Market Dynamics: Driver: Adoption of ADAS features in Automobiles Adoption of ADAS features in vehicles is one of the primary reasons for the growth of the Automotive Software Market as these features ensure improved levels of safety, comfort, and luxury. Governments in various developed and developing countries are focusing on mandating various ADAS and safety features. For instance, both the US and EU are mandating that all vehicles be equipped with autonomous emergency-braking systems and forward-collision warning by 2020. The main purpose of the software is to communicate autonomously with other devices. Thus, to establish communication bet

Automotive Hydrostatic Fan Drive System Market Projected to reach $229.6 Million by 2025

  The report  “ Automotive Hydrostatic Fan Drive System Market  by Component, Pump Type (Fixed Displacement and Variable Displacement), Vehicle Type (Buses, Construction Equipment, and Agricultural Tractors), and Region – Global Forecast to 2025″ , The automotive hydrostatic fan drive system market is projected to grow at a CAGR of 6.80% during the forecast period, from USD 144.8 Million in 2018 to USD 229.6 Million by 2025. The growing demand for an independent, compact, and silent engine cooling system for off-highway vehicles is expected to drive the automotive hydrostatic fan drive system market. The market growth can also be attributed to the increasing stringency of emission regulations, which have accentuated the demand for a fuel-efficient engine cooling system. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250573626 Construction equipment is estimated to be the largest segment in the automotive hydrostatic fan drive system market Cons

All-terrain Vehicle Market Projected to reach $5.0 billion by 2027

  The report  " All-terrain Vehicle Market  by Type & Application (Sport, Entertainment, Agri, Military & Defense), Drive (2WD, 4WD, AWD), Engine (<400, 400-800, >800cc), Fuel, Wheel Number, Seating Capacity, Side-By-Side Vehicle and Region - Global Forecast to 2027" , size is projected to reach USD USD 5.0 billion by 2027, from an estimated USD 4.3 billion in 2022, at a CAGR of 2.7%, from 2022 to 2027. increasing demand for all-terrain vehicles in agriculture, military & defense, and recreation is driving the growth of the all-terrain vehicle market. Also, the increased purchasing power and spending capacity of individuals and societies for leisure and adventure vehicles would increase the sales of all-terrain vehicles, which would drive the market for all-terrain vehicles. “Sports to be the fastest segment, by type ” The sports segment is projected to be the fastest in the all-terrain vehicle market by type. ATVs used in sports feature energetic engine

Robotaxi Market Projected to reach 1,445,822 units by 2030, at a CAGR of 136.8%.

 The global Robotaxi Market size is projected to grow from 617 units in 2021 to 1,445,822 units by 2030, at a CAGR of 136.8%. Factors such as The rising concerns over road safety, emissions, and the increasing demand for ride-hailing services have led to the growth of the market. Autonomous vehicles also help in optimizing cost to the fleet operator. Newer business models like mobility as a service would provide another sustainable and profitable revenue stream in the future. Browse in-depth TOC on " Robotaxi Market " 159 – Tables 64 – Figures 193 – Pages Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=132098403 Market Dynamics: Driver: Need for road safety and traffic control According to the NHTSA, globally, approximately 94% car accidents occur due to human error every day. As stated by Waymo in 2020, approximately 1.4 million people die every year in road accidents around the world. As per the MIT Energy Initiative’s Mobil

EV Battery Market Projected to reach $67.2 billion by 2025

The global  EV Battery Market  is projected to grow at a CAGR of 25.3% from USD 27.3 billion in 2021 to USD 67.2 billion by 2025. The base year for the report is 2020, and the forecast period is from 2021 to 2025. With the increasing stringency of government mandates regarding emissions caused by vehicles, the automotive industry focuses on efficiency, emission-free propulsion, and innovative technologies. The increasing adoption of electric vehicles and improved charging infrastructure (in terms of network, charging technologies, and capacity) in countries is expected to boost the EV battery market in the coming years. Market Dynamics: Driver: Launch of new plug-in models by major EV manufacturers The electric vehicle market is witnessing exponential growth across geographies. Thus, major automobile manufacturers are entering the EV market due to the growing demand for EVs. Several major automakers such as Toyota, Tata Motors, Mercedes-Benz, and Hyundai are working on EV models to exp

Train Battery Market worth $257 million by 2030

  The global  Train Battery Market  size is projected to reach USD 255 million by 2030, from an estimated value of USD 143 million in 2020, at a CAGR of 5.9%. Rapid urbanization in emerging countries and advanced economies is considered to be one of the largest drivers of infrastructure spending over the next few decades, which is expected to bolster the demand of rail expansion. The incorporation of these developments in urban rail infrastructure is expected to propel the demand for energy storage systems and hence is expected to boost the demand for train batteries during the forecast period. The Li-ion Battery segment is expected to register the highest growth rate from 2020 to 2030. Li-Ion batteries offer various advantages over other battery types such as maintenance-free, battery health tracking, high energy density, lighter in weight, and compact in design. Developed countries are expected to increase their adoption of Lithium-Ion batteries in rail transport faster compared to e

Bike and Scooter Rental Market Projected to reach $10.1 billion by 2027, at a CAGR of 18.9%

  The global bike and scooter rental market is projected to grow from USD 2.5 billion in 2019 to 10.1 billion by 2027, at a CAGR of 18.9%. The rising demand for micro mobility and emission-free vehicles, growing traffic congestion, strict emission norms, and increasing demand for an economical mode of transportation are some of the major growth factors for the market. Dockless segment is expected to emerge as the fastest market during the forecast period The dockless segment is expected to be the fastest growing market during the forecast period. The system allows bikes to be located and unlocked using a smartphone application. The demand for dockless system is more than station-based due to the lesser requirement of hardware for securing and managing inventory, expanded geographical location, and user flexibility in picking up and dropping off bikes. Many micro mobility sharing players have promoted the dockless model in the past few years in China, Europe, and the US-Mobike and

Electric Scooter Market Size, Share, industry Trends and Forecast to 2027

  The global Electric Scooter Market size is projected to reach 5,948 thousand units by 2027, from an estimated 861 thousand units in 2020, at a CAGR of 31.8%. 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 two-wheelers through subsidies & tax rebates have compelled two-wheeler OEMs to explore beyond the use of conventional internal combustion engines (ICE) in two-wheelers. The Electric Scooter Market has promising growth potential due to several factors, including the improving charging infrastructure, innovative battery technologies, increasing demand for efficient commuting options, and improving design & performance specifications. The rapidly growing sales volume of affordable E-Scooters in Asia Pacific, especially in China has propelled the growth of the global Electric Scooter Market.  Download PDF Brochure @ https://www.marketsand

Fuel Cell Powertrain Market Estimated to Reach 3,797 Million by 2025

  The report  “ Fuel Cell Powertrain Market  by Components (Fuel Cell System, Drive System, Battery System, Hydrogen Storage System, & Others), Vehicle Type (PCs, LCV, Trucks, Buses), Power Output, Drive Type, H2 Fuel Station and Region – Global Forecast to 2025″ , size is projected to grow from USD  268 million in 2020 to USD  3,797 million by 2025, at a CAGR of 70.0%. Fuel cell powertrain is a driving system in which energy stored as hydrogen gets converted into electricity by way of a fuel cell. Unlike an ICE powertrain system, a fuel cell powertrain does not produce harmful tailpipe emissions. The US Department of Energy states that the application of fuel cell powertrain helps increase energy security and also strengthens economies. The various components of a fuel cell powertrain system are the battery, battery pack, DC/DC converter, electric traction motor, fuel cell stack, fuel cell filter, fuel tank, power electronica controller, thermal system, and transmission. Asia Ocea

Container Handling Equipment Market Projected to reach $8.75 billion by 2025

The  Container Handling Equipment Market  is projected to grow at a CAGR of 4.24%, during the forecast period, to reach a market size of USD 8.75 billion by 2025. Increased cargo transportation, growing use of automation technologies at port terminals, stringent emission levels resulting in the increased demand for electric and hybrid equipment, and the rising demand in Asia Pacific and the Middle East are the key factors driving the growth of the container handling equipment market. The container handling equipment market is dominated by a few global players and comprises several regional players. Some of the key manufacturers and suppliers in the container handling equipment market are Kalmar (Finland), Konecranes (Finland), Liebherr (Switzerland), Hyster (US), Sany (China), ZPMC (China), Lonking (China), Anhui Heli (China), CVS Ferrari (Italy), and Hoist Liftruck (US). Contracts & agreements and new product developments were the prominent strategies adopted by these players to

Garage Equipment Market Size, Growth, Demand, Opportunities & Forecast To 2027

  The report  “ Garage Equipment Market  by Type (OEM, Independent), Application (Body Shop, Diagnostic & Testing, Emission, Lifting, Wheel & Tire, Washing), Installation (Mobile, Fixed), Function (Mechanical, Electronic), Vehicle, and Region – Global Forecast to 2027″  The global garage equipment market is projected to grow from USD 6.1 billion in 2019 to USD 10.7 billion by 2027, at a CAGR of 7.4%. The growth of the garage equipment market is driven by the rising number of on-road vehicles, sales of electric vehicles, installation of advanced features in vehicles, and high implementation of connectivity services. Passenger car is expected to be the largest segment of the market The passenger car segment is expected to be the largest market during the forecast period. The adoption of sensors and utilization of vehicle data for assisted driving and predictive maintenance have created a broader scope for automotive workshops. More timely maintenance will increase the demand

Battery Sensor Market Projected to reach $4.92 billion by 2025

  The report  “ Battery Sensor Market  by Voltage Type (12V, 24V, and 48V), Communication Technology (LIN and CAN), Hybrid Vehicle (HEV and PHEV), Vehicle Type (Passenger Car, LCV and HCV), and Region – Global Forecast to 2025″ , The automotive battery sensor market is estimated to be USD 2.35 billion in 2018 and is projected to reach a market size of USD 4.92 billion by 2025, growing at a CAGR of 11.09% during the forecast period. The market is driven by factors such as the rising demand for fuel-efficient vehicles, increasing vehicle production, rising emission concerns, and growing demand for high- end cars. The 12V segment is estimated to be the fastest growing in the Battery Sensor Market   during the forecast period The increasing demand for fuel-efficient vehicles has led to the introduction of IBS for 12V lead-acid batteries. IBS helps to curb CO2 emissions and increases the fuel efficiency of a vehicle. It also helps to optimize the electrical power system and battery function

Acoustic Vehicle Alerting System Market Projected to reach $5,619 million by 2027

  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 Pac