Posts

Showing posts from May, 2022

Automotive Ambient Lighting Market Projected to reach $6.2 billion by 2027

  The Automotive Ambient Lighting Market size is projected to reach USD 6.2 billion by 2027 from an estimated USD 3.8 billion in 2022, at a CAGR of 10.6% from 2022 to 2027. The market is expected to witness growth due to increasing vehicle production, customer inclination towards comfort and safety features. Similarly, the growing demand for comfort and safety features in premium segment vehicles in growing economies such as China and India is expected to drive the market for ambient lighting in the near future. The Automotive Ambient Lighting Market is offered for several applications such as dashboard, center console, doors, footwell etc, by the OEMs in the medium to high end cars. To attract the customers and differentiate among competition, OEMs have started offering ambient lighting in one or more number of applications in mid to top end variants of their models. Plus, the ambient lighting system is also offered as an accessory by OEMs to install in lower variants which provide

EV Test Equipment Market worth $105 million by 2026

The report  “ EV Test Equipment Market  by Vehicle Type (Passenger Car and Commercial Vehicle), by Electric Vehicle Type (BEV and HEV), by Equipment Type, by Application (EV Component and Drivetrain, EV Charging, and Powertrain), Region – Global Forecast to 2026  ” The global EV test equipment market size is projected to grow from USD 42 million in 2021 to reach USD 105 million by 2026, at a CAGR of 20.1%. The increasing demand for alternative fuel vehicles has fueled the growth of the market for electric vehicles. To reduce crude oil consumption, automotive emissions, and air pollution, governments around the world have adopted and implemented favorable policies which promote the use of electric vehicles. The increasing demand for electric vehicles is expected to fuel the growth of the market for electric vehicle testing equipment and related components Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194816929 Due to the increasing focus on the

Connected Rail Market Projected to reach $124.5 billion by 2027

  The global Connected Rail Market is expected to grow from approximately USD 94.6 billion in 2022 to reach 124.5 billion by 2027, at a CAGR of 5.6%. Rapid urbanization, a growing population, and the continuous innovation of new technologies are also driving the Connected Rail Market. Growing need for safety and compliance in rail transit is also driving the Connected Rail Market.   The North American Connected Rail Market is dominated by domestic manufacturers such as Cisco (US), IBM (US), Wabtec Corporation (US), Trimble (US), Sierra Wireless (US), and CalAmp (US). The US government, in an effort to increase the safety and security of the country’s railways, has instituted certain mandates, which, in turn, has resulted in increased R&D by local and international railway rolling stock and technology manufacturers. The increasing use of technology in railways presents several opportunities for connected rail technology manufacturers. In May 2021, Siemens announced the acquisitio

Plastics for Electric Vehicle Market Projected to reach $2,621 million by 2025

  The Plastic for Electric Vehicle Market is projected to grow at a CAGR of 26.9% to reach a market size of USD 2,621million by 2025 from 797 million in 2020. The rising trend of weight reduction in PHEV/ HEV and BEV is estimated to increase the demand of high performance plastics. Additionally, the interior application is estimated to account for majority of plastic demand in an electric vehicle and the trend is projected to continue during the forecast period. “Polyurethane (PU) to have the largest market value among other types of plastics.” Polyurethane materials are widely used by car manufacturers which offers benefits in terms of comfort, safety, lightweight and longevity with design freedom. Polyurethane (PU) is a strong and light material that helps designers and manufacturers design seating that can be assembled, disassembled and recycled. Also, polyurethane is used in interior parts manufacturing such as dashboard, and as TPU in door handles and instrument panels has re

Automotive Acoustic Materials Market Estimated to reach $3.5 billion by 2027

  The   Automotive Acoustic Materials Market   is projected to grow at a CAGR of 4.79% from USD 2.4 billion in 2019 to USD 3.5 billion by 2027. The increasing requirement for acoustic efficiency in automobiles for enhanced cabin comfort is the major factor which will drive the acoustic materials market. BEV is expected to be the fastest growing segment in the automotive acoustic materials market, by electric vehicle type, during the forecast period. Battery electric vehicle (BEV) is projected to be the fastest growing segment in the automotive acoustic materials market by 2027. The battery used in a BEV is rechargeable and accounts for about 70% weight of the electric vehicle. OEMs are investing heavily in R&D to reduce the noise created through motors in BEVs. With increasing vehicle production and focus on cabin comfort, the demand for acoustic materials will grow in the near future. For instance, Autoneum has expanded its product portfolio for electric vehicles with Hybrid-Acous

Train Battery Market Projected to reach $758 million by 2030

  The global  Train Battery Market  is projected to reach USD 758 million by 2030 from an estimated USD 518 million by value in 2022, registering a CAGR of 4.9% during the forecast period. Rapid urbanization is leading to increased demand for public transport, and the demand for long-distance rail journeys is expected to boost the Train Battery Market. Furthermore, the increasing number of high-speed trains equipped with advanced features has increased the demand for electrical systems and batteries. The increasing demand for metros and high-speed trains is driving the Train Battery Market. Developments in advanced train batteries and metros and high-speed train infrastructure are expected to boost the market demand in the forecast period. The growth is influenced by factors such as growth in the rail network, strengthening emission norms and growing operating cost of the urban rail network is considered to be the largest drivers of the train battery market. The rapid urbanization and

Electric Scooter and Motorcycle Market to Progress at a Healthy CAGR in Coming Years

 The global Electric Scooter and Motorcycle Market is expected to account for 6,193 thousand units by 2027, growing at a CAGR of 33.1% during the forecast period. The base year for the report is 2021, and the forecast period is from 2022 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 government across the globe has realized the potential of electric mobility that can offer multiple benefits in terms of prevention of environmental damage, reduction of global warming as well as reduced dependence on oil producing countries which offers a tremendous reduction in import bills and helps in managing foreign exchange risks. These incentives offered by the governments will be critical in driving the market. Download PDF Brochure @ https://www.marketsandmarke

Automotive Diagnostic Scan Tools Market Projected to reach $41.4 billion by 2026

  The global   Automotive Diagnostic Scan Tools Market   is expected to register significant growth during the forecast period. It is estimated to grow at a CAGR of 4.5% from USD 33.1 billion in 2021 to USD 41.4 billion by 2026. Increasing consumer preference for connectivity features in vehicles and the increasing automation in the driving functions have accentuated the need for high-end electronics architecture in the vehicles. The rapid urbanization globally, especially in developing countries, is inflating the demand for commercial vehicles, which provides great potential to the automotive diagnostic scan tools market. Furthermore, the introduction of stringent emission norms to curb rising pollution is driving the growth of the Automotive Diagnostic Scan Tools market. Growing concerns over environmental pollution have led to the implementation of stringent emission norms and enhanced the demand for fuel-efficient vehicles. The Asia Pacific market is estimated to be the largest dur

Automotive Motors Market Estimated to reach $25.7 billion by 2025

 The report “ Automotive Motors Market by Motor Type (Brushed, BLDC, Stepper), Vehicle (PC,LCV,HCV), Function (Performance, Comfort, Safety), EV (BEV,PHEV,HEV), EV Motor (DC Brushed, BLDC, Stepper, Induction, Traction, & Others), and Region – Global Forecast to 2025″, The global automotive motors market size is projected to grow from USD  20.3 billion in 2020 to USD  25.7 billion by 2025, at a CAGR of 4.8%. Motors are used in many applications in modern cars to increase the safety and performance of a vehicle. In modern vehicles, motors are used in ABS, sunroofs, vehicle windows, door locking, and vehicle rear doors. With the increasing electrification of vehicles, it has become possible for OEMs to control emissions and improve engine performance. Along with controlling emissions, the overall reduction in vehicle weight is a key factor that enhances engine performance. Vehicle weight reduction is directly proportional to the performance of a vehicle. One of the latest breakthroug

Baggage Handling System Market Projected to reach $10.3 billion by 2025

  The report  “ Baggage Handling System Market  by Mode (Airport, Marine, Rail), Solution (Check-In, Screening & Load, Conveying & Sorting, Unload & Reclaim), Check-In (Assisted, Self), Conveying (Conveyor, DCV), Tracking (Barcode, RFID), Region – Global Forecast to 2025″  The global baggage handling system market is projected to reach USD 10.3 billion by 2025 from USD 7.5 billion in 2020, at a CAGR of 6.6%. The growing focus on improving air connectivity and the development of intermodal transport will drive the baggage handling system market. Additionally, the rising smart city projects and the growing maritime industry are also expected to drive the demand for baggage handling systems. Factors such as complex architecture and high level of initial investments are restricting the growth of this market. However, an increase in passenger and cargo traffic with a limited airport space provides new growth opportunities for the market players.   Conveying and sorting to be the

Farm Equipment Market Trend and Industry Analysis by 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. Government support with farm loan waivers/ credit finance, OEM/sales incentives to support dealer service and rental operations, increase in farm mechanization, and contract farming are the major factors driving the growth of the Farm Equipment Market. However, a projected recovery in Q1-Q2 of 2021 in farm equipment production supports the growth of the Farm Equipment Market. Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164005174 The plowing & cultivating segment is estimated to lead the market in terms of value during the forecast period due to the growing requirement of plowing according to seasons, rising need for cultivators in small and large farms, and achieving better soil fertility. Asia Oceania dominates the plowing & cultivating implements market considering agricultur

Hub Motor Market Emerging Trends and Industry Analysis and Forecast to 2025

The   hub motor market   is projected to grow at a CAGR of 5.01% during the forecast period to reach USD 10.82 billion by 2025 from an estimated USD 7.69 billion in 2018. Hub motor improves the performance of electric vehicles. Hub motor helps supply torque to its associated tire and generates more power to improve the efficiency of a vehicle.  The other benefits of hub motor technology is that it provides a pleasant and an effortless ride, e.g. in case of bicycles when a rider does not feel like pedaling. Electric bikes account for largest market size during forecast period The electric bikes segment is estimated to be the largest of the global hub motor market in 2018. The market growth of hub motors can be attributed to factors such as high torque, increased power, and provision of better vehicle handling to both new and existing vehicles. The increasing support from governments in France and Norway and the OEM’s efforts to improve the existing electric two wheelers models are expec

Automotive Engine Encapsulation Market Growth Factors, Demand, Trends and Forecast to 2025

  The report  “ Automotive Engine Encapsulation Market  by Product Type (Engine Mounted & Body Mounted), Material Type (Carbon Fibre, Glasswool, PA, PP & PU), Vehicle Class (Economic, Mid-Priced & Luxury), Fuel Type (Diesel & Gasoline) and Region – Global Forecast to 2025″ , The automotive engine encapsulation market is projected to grow at a CAGR of 6.13% during the forecast period, from USD 4.16 Billion in 2018 to USD 6.30 Billion by 2025. The growing demand for silent vehicles, the stringent emission norms for the automotive industry, and the rise in demand for fuel-efficient, aerodynamically efficient, and stylish vehicles, are collectively expected to drive the automotive engine encapsulation market. Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222969700 Body mounted encapsulations is estimated to grow at the fastest rate in the automotive engine encapsulation market Body mounted encapsulation is projected to be the fastest-grow

Automotive Air Purifier Market Projected to reach $2,286.9 million by 2025

  The report  “ Automotive Air Purifier Market  by type (Purifier, Ionizer, & Hybrid), Technology (HEPA, Activated Carbon, Ionic Filter, & Photocatalytic), Vehicle Class (Economy, Mid-Priced, & Luxury), End Market (OE & Aftermarket), and Region – Global Forecast to 2025″ , The automotive air purifier market is estimated to be USD 792.7 million in 2018 and is projected to reach a market size of USD 2,286.9 million by 2025, growing at a CAGR of 16.34% during the forecast period. The market is driven by factors such as increasing public awareness related to healthcare and environmental effects of air pollution and rapid urbanization and industrialization. The Hybrid type segment is estimated to be the fastest growing market in the automotive air purifier market during the forecast period The Hybrid type segment is estimated to witness the highest growth in the automotive air purifier market due to the rise in public awareness related to healthcare and environmental effects