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Showing posts from April, 2022

Driving Simulator Market to Estimated to reach $2.1 billion by 2025

 The global driving simulator market is projected to grow at a CAGR of 7.2% from USD 1.5 billion in 2020 to USD 2.1 billion by 2025. Increasing demand for skilled drivers due to high road accident rates, growing air traffic, upcoming high-speed train projects, and significant R&D investments in autonomous vehicles are primarily driving the demand for driving simulators. The driving simulator market has witnessed growth in developing as well as developed countries. The advanced training simulator segment in end user will be leading the driving simulator market during the forecast period The advanced driving simulator segment is expected to capture the largest market share during the forecast period. This can be attributed due to its technologies, such as 360ยบ viewing angle and motion platform, for a realistic experience. Since testing of technologically updated vehicle dynamics requires an augmented environment for analysis and research, advanced driving simulators help in developi

Fuel Cell Powertrain Market Emerging Trends, and Industry Outlook to 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

Automotive Wiring Harness Market Size, Analytical Overview, Growth Factors, Demand, Trends and Forecast to 2026

  The global Automotive Wiring Harness Market is projected to grow from USD 47.0 billion in 2021 to USD 57.4 billion by 2026, at a CAGR of 4.1% during the forecast period. Increasing vehicle production, increase in demand for advanced features in vehicles, and growing penetration of electric vehicles are the major factors driving the growth of the automotive wiring harness market . However, a projected recovery in Q1-Q2 of 2021 in vehicle production supports the growth of the automotive wiring harness market. According to the OICA (Organisation Internationale des Constructeurs d'Automobiles), passenger car production hit 55.83 million in 2020, with the Asia Pacific and North America estimated to be the leading regions. The economic growth in China, India, and Brazil has improved consumer lifestyle, which, in turn, has impacted the sales of passenger cars, electric vehicles, and premium vehicles. With an increase in disposable income, the demand for premium vehicles has increa

Construction Equipment Market to Witness Healthy Growth by 2026

  The   Construction Equipment Market   is projected to reach USD 250.4 Billion by 2026 from USD 208.3 Billion in 2021, at a CAGR of 3.8% during the forecast period. Asia is estimated to dominate the construction equipment market with a share of 59.0% in 2021. With rapid infrastructural development and government investments in construction activities post-COVID-19 pandemic which is likely to fuel the demand for construction equipment. The market is dominated by global players such as Caterpillar Inc. (US), Komatsu Ltd. (Japan), Xuzhou Construction Machinery Group (XCMG) (China), Sany Heavy Industries (China), and Zoomlion (China). These companies develop new products, adopt expansion strategies, and undertake collaborations, partnerships, and mergers & acquisitions to gain traction in the construction equipment market. Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=179948937 Caterpillar Inc. is estimated as a leading player in the construction eq

Farm Equipment Market Size, Share, Trends and Forecast to 2027

  The report " Farm Equipment Market  by Tractor Power Output (<30, 31-70, 71-130, 131-250, >250HP), Tractor Drive Type, Autonomous Tractor, Electric Tractor (Hybrid, Electric), Farm Equipment (Combine, Baler, Sprayer), Implement, Rental & Region - Global Forecast to 2027" The global farm equipment market is projected to grow from USD 99.4 billion in 2021 to USD 126.0 billion by 2027, at a CAGR of 4.0% during the forecast period. The demand for electric and autonomous vehicles would create growth opportunities for the farm equipment market. Two-wheel drive segment is expected to be the largest segment during the forecast period The two-wheel drive segment is estimated to lead the market, in terms of value, during the forecast period. These tractors are popular among emerging countries such as India, China, and Japan with small farm sizes, as two-wheel drive tractors are less expensive, and their repair costs are less. According to the Indian Council of Food and

Automotive Lightweight Material Market Projected to reach $116.4 billion by 2025

The global Automotive Lightweight Material Market in the pre-COVID scenario was projected to grow from USD 85.2 billion in 2020 to USD 116.4 billion by 2025, at a CAGR of 7.4% during the forecast period. However, due to COVID-19, most of the countries have imposed a complete lockdown for almost more than two months, which, in turn, has impacted vehicle production. The automotive lightweight material market is estimated to observe a decline post-COVID-19 due to the impact on vehicle production. The automotive lightweight material market post COVID-19 is estimated to grow from USD 69.7 billion in 2020 to USD 99.3 billion by 2025, at a CAGR of 7.3% during the forecast period. The growing trend of vehicle weight reduction and stringent emission norms are expected to increase the demand for automotive lightweight materials. For instance, trimming the vehicle body weight by 1 kg can help reduce 17–20kg of CO2 emitted during the lifespan of the vehicle. The European regulatory authorities pl

Lawn Mower Market Projected to reach $33.6 billion by 2027

  The  Lawn Mower Market , by value, is projected to grow to USD 33.6 billion by 2027 from USD 23.5 billion in 2022, at a CAGR of 7.4% from 2022 to 2027. Increasing demand for lawn mowers in residential and commercial purposes accompanied with the popularity of robotic lawn mowers have contributed to the growth in demand for lawn mowers across the globe. With the growing commercial spaces and golf courses, lawns in commercial areas, hotels, and parks, the demand for mechanized lawn mowers with varied engine and cutting configurations are finding pace in the markets across the globe, particularly in North America and European countries. North America itself constitutes around 51% of world’s golf courses, with USA particularly holding 43% of it. At the same time European region currently holds around 23% of world’s golf courses.  In these regions, the development of golf lawns and commercial spaces is picking up pace, because of expansion in municipal areas across the cities, is compar

Car Care Products Market Size, Share, Trends and Forecast to 2027

  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

High-Performance Trucks Market Size, Share, Trends and Forecast to 2025

  The report " High-Performance Trucks Market by Type (Pickup, M&HDV), Power Output (250-400, 401-550, >550 HP), Application (Dumping, Distribution, Refrigeration, Container, Tanker, RMC), Fuel Type, Transmission Type, and Region - Global Forecast to 2025", The high-performance trucks market is projected to grow at a CAGR of 4.06% during the forecast period, and the market size is projected to reach 2.5 Million units by 2025 from 1.8 Million units in 2017 . The increasing demand for higher power output engines for applications such as refrigeration, dumping, containers, and others and the increasing demand for efficient logistics operations are the key reason, which would trigger the growth of the high-performance trucks market. The 250–400 hp segment is estimated to hold the largest share in the high-performance trucks market by power output. The 250–400 hp power output segment registers the highest market in Asia Oceania followed by North America. In China, arou

Automotive Seats Market Projected to reach $68.4 billion by 2030

  The   automotive seats market   is projected to grow from USD 51.5 billion in 2021 to USD 68.4 billion by 2030, at a CAGR of 3.2% during the forecast period. Growing demand for premium vehicles, rising adoption of powered seats in mid-segment cars & SUVs and increasing demand for aftermarket seating solutions are driving the automotive seats market. However, a projected recovery in Q1-Q2 of 2021 in vehicle production supports the growth of the automotive seats market. As a result there is an expectation that the demand for automotive seats will rise as well especially in regions like Asia Oceania and Americas. Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=216812760 The automotive seats market,  by seat type , in terms of value, is projected to grow at a CAGR of 3.2% from 2021 to 2030. Apart from the increasing production of all vehicle types, the growing demand for cabin comfort & luxury, as well as customer willingness to pay for them, has

Autonomous Forklift Market Estimated to reach $6.4 billion by 2027

  According to a research report  “ Autonomous Forklift Market  by Tonnage Capacity (<5, 5-10, >10), Navigation Technology (Laser, Vision, Optical Tape, Magnetic, Inductive Guidance), Sales Channel, Application, End-Use Industry, Type, Propulsion and Region – Global Forecast to 2027″  published by MarketsandMarkets, the autonomous forklift market size is projected to reach USD 6.4 billion by 2027 from an estimated USD 3.1 billion in 2021, at a CAGR of 12.7% from 2021 to 2027. The growth of the autonomous forklift market is influenced by factors such as rising complexities for product handling, rising need for smart logistics, good return on investment, better space utilization, and growing consumerism through online platforms. Therefore, the autonomous forklifts market is expected to witness significant growth in the future. Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194636851 E-commerce end-use industry segment is predicted to be the fastes

Body Control Module Market Size, Share, Trends and Forecast to 2027

  The global  Body Control Module Market  is projected to grow at a CAGR of 2.6% to reach USD 35.7 billion by 2027 from an estimated USD 29.2 billion in 2019. Body control module is the processor-based power distribution center that supervises and controls the function related to vehicle body like lights, windows, door locks, security, access and comfort controls. Body control module also acts as a gateway for the bus and network interfaces to interact with remote modules for other systems. Monitoring of various loads comes directly from remote ECU via CAN, LIN and Flexray communication protocols. By Component: Hardware component is expected to be the largest segment in the Body Control Module Market The hardware component is anticipated to be the largest market during the forecast period. Body Control Module Market is fitted with a number of hardware components like microcontroller, printed circuit boards (PCBs), input-output devices, bus transceiver, etc. To stay ahead in the com

EV Battery Market worth $67.2 billion by 2025

  The report  " EV Battery Market  by Battery Capacity (<50, 50-110, 111-200, 201-300 and >300), Battery Form (Wire, Laser), Propulsion (BEV, PHEV, PHEV, FCEV), Battery Type, Material Type, Li-ion Battery Component, Method, Vehicle Type & Region - Global Forecast to 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 growth of the EV battery market can be attributed to the increasing demand of electric vehicles, improvement in battery technology, supporting government policies and regulations, and launch of new plug-in EV models. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=100188347 Asia pacific is expected to be the largest EV battery market in the forecast Countries such as China, Japan, India, South Korea, and Thailand are considered under Asia Pacific for market analysis. China is the largest contributor to the global market, accou

Automotive Steering System Market Witness to reach $36.9 billion by 2025

  The global Automotive Steering System Market is projected to reach USD 36.9 billion by 2025 from USD 29.3 billion in 2020, at a CAGR of 4.7%. However, the halt in vehicle production across the region has impacted the automotive steering system market. Despite this, owing to an increased installation of electric power steering (EPS) in passenger cars and light commercial vehicles and increasing demand for comfort features in vehicles, the market is expected to recover during the forecast period. The automotive steering system market is estimated to observe a decline post-COVID-19 due to the impact on vehicle production . The growth of this market is primarily driven by the stringent emission norm and increasing demand for comfort features provided by EPS system in passenger car and light commercial vehicle. Stringent emission norms in countries like China and India are pushing OEMs to opt for EPS over EHPS and HPS systems owing to the advantages offered by EPS, such as fuel efficie

Low-Speed Vehicle Market Witness to reach $6.3 billion by 2025

  The   Low-Speed Vehicle Market   is projected to grow from USD 8.9 billion in 2021 to USD 14.4 billion by 2027, at a CAGR of 8.2%. The growth of this market can be attributed to the rising geriatric population, growing popularity for golf, and growing electric vehicle charging infrastructure. As per primary and secondary analysis, North America is considered the largest market for low-speed vehicles, and Europe is the second-largest market. Some important factors that are driving the demand for low-speed vehicles in these regions are inclination of the population for door-to-door mobility solutions, growth of hospitality sector in these regions, increase in popularity of golf, with North America having the majority of golf courses of that when considered globally, and increasing number of geriatric populations. Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1965274 But certain factors do provide restraining and challenging environments such as the r

Lawn Mower Market Projected to reach $33.6 billion by 2027

  The  Lawn Mower Market , by value, is projected to grow to USD 33.6 billion by 2027 from USD 23.5 billion in 2022, at a CAGR of 7.4% from 2022 to 2027. Increasing demand for lawn mowers in residential and commercial purposes accompanied with the popularity of robotic lawn mowers have contributed to the growth in demand for lawn mowers across the globe. With the growing commercial spaces and golf courses, lawns in commercial areas, hotels, and parks, the demand for mechanized lawn mowers with varied engine and cutting configurations are finding pace in the markets across the globe, particularly in North America and European countries. North America itself constitutes around 51% of world’s golf courses, with USA particularly holding 43% of it. At the same time European region currently holds around 23% of world’s golf courses.  In these regions, the development of golf lawns and commercial spaces is picking up pace, because of expansion in municipal areas across the cities, is comparat