Posts

Showing posts from September, 2022

Connected Car Market Booming by Emergence of Various Technologies Such As 5G and AI

  The global Connected Car Market is projected to reach USD 57.6 billion by 2026, from an estimated USD 24.0 billion in 2021, at a CAGR of 19.1% from 2021 to 2026. The roll-out of various government regulations regarding mandating safety features such as e-call, navigation, collision warning systems, etc., is expected to boost the adoption of connected car services globally. The increasing sales of premium and luxury vehicles are also driving the popularity of connected car services. Continuous ongoing developments in connected car software and hardware will drive the growth of the connecting car market. For instance, in November 2021, Continental developed a technology solution for highly automated driving: an intelligent software that enables complex driving maneuvers autonomously. The Next Generation Driving Planner is an innovative software solution that enables highly automated driving from Level 3. This means that vehicles can master certain driving tasks independently and witho

Electric Construction Equipment Market Opportunities & Forecast To 2027

  The Electric Construction Equipment Market is estimated to grow from USD 9.2 billion in 2022 to USD 24.8 billion by 2027 at a CAGR of 22.0% over the forecast period . Strict vehicular emission regulations and high ventilation costs in underground mining drive the development of the Electric Construction Equipment Market during the forecast period The government’s initiatives to boost the sustainable mobility developments and the increasing demand for emission-free farming equipment are some of the major factors that drives the electric agricultural equipment market. The increasing agricultural production in countries such as China, India, US, and Brazil also drive the demand for electric agricultural equipment. The demand for farm equipment with modern technologies such as electric and hybrid tractors is expected to rise. Many leading manufacturers are actively developing such electric tractors including Kubota, Fendt, Sany Heavy Industries, Soletrac Inc, and others. The demand fo

Farm Equipment Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2027

  The global   Farm Equipment Market   is projected to grow from USD 111.8 Billion in 2022 to USD 141.6 Billion by 2027, at a CAGR of 4.8% 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. 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 agriculture activities at a huge scale in the region. This trend is expected to remain the same in the future, considering the demand for higher productivity and efficiency. Download PDF Brochure @   https://www.marketsandm

Metaverse Market for Automotive worth $16.5 billion by 2030

According to a research report  " Metaverse Market for Automotive  by Products (Software, Hardware), Technology (Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR), Non-fungible Token (NFT), Blockchain), Function, Application & Region - Global Forecast to 2030"  published by MarketsandMarkets, the global metaverse market for automotive is projected to grow from USD 1.9 billion in 2022 to USD 16.5 billion by 2030, at a CAGR of 31.4%. Browse 186 market data Tables and 76 Figures spread through 246 Pages and in-depth TOC on  "Metaverse Market for Automotive by Products (Software, Hardware), Technology (Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR), Non-fungible Token (NFT), Blockchain), Function, Application & Region - Global Forecast to 2030" Factors such as growing inclination of automotive OEMs for developing technologies like digital twin factories and virtual showrooms in the metaverse space has led to a rapid growth of

Rolling Stock Market Dynamics: Driver, Opportunities and Challenges by 2027

The global   Rolling Stock Market   was valued at USD 53.8 billion in 2022 and expected to reach USD 64.8 billion by 2027 and grow at a CAGR of 3.8% over the forecast period (2022 – 2027). The growth of the market can be attributed to the factors such as increasing urbanization, increasing traffic congestion, rising demand for comfortable journey and growing preference for shorter journey time. Moreover, The demand for rolling stocks is dependent on some other factors such as the replacement of old rolling stocks, new railway projects, and the expansion of railway routes. Apart from this, the increasing electrification of railway networks is also expected to foster the growth of the market globally. Market Dynamics: Driver: Increasing preference towards railway-based public transport as a means of reducing traffic congestion According to census report 2021, the US median household income level increased by 1.8% in 2021 compared to 2020. The slow growth in median household income level

Construction Equipment Market Growth Factors, Opportunities, Ongoing Trends and Key Players 2027

According to a research report  " Construction Equipment Market  by Type (Excavator-Crawler & Mini; Loader-Backhoe, Skid-steer, & Wheel; Dozer, Dump Truck, Compactor, Crane), Electric Equipment, Propulsion, Power Output, Rental, Aftertreatment Device and Region - Global Forecast to 2027"  published by MarketsandMarkets, the construction equipment market size is estimated to grow from USD 180.4 billion in 2022 to reach USD 223.1 billion by 2027, at a CAGR of 4.3% over the forecast period. Browse 468 market data Tables and 71 Figures spread through 462 Pages and in-depth TOC on  "Construction Equipment Market by Type (Excavator-Crawler & Mini; Loader-Backhoe, Skid-steer, & Wheel; Dozer, Dump Truck, Compactor, Crane), Electric Equipment, Propulsion, Power Output, Rental, Aftertreatment Device and Region - Global Forecast to 2027" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=179948937 CNG/LNG/RNG construction equip

Automotive Charge Air Cooler Market Projected to Reach $3.9 Billion by 2026

  The report “ Automotive Charge Air Cooler Market  by Type (Air-cooled, Liquid-cooled), Position(Integrated, Standalone), Design(Tube & Fin, Bar & Plate), Fuel Type(Gasoline, Diesel), Vehicle(PC, LCV, Truck, Bus), Material, Sales Channel & Region – Global Forecast to 2026 ” Automotive charge air cooler market is estimated to be USD 2.8 Billion in 2021 and is projected to grow to USD 3.9 Billion by 2026, at a CAGR of 7.1% during the forecast period. Asia Pacific is estimated to have the largest market for charge air coolers, backed by strong demand and production of passenger vehicles and emission regulations in various countries. The growth of fuel-efficient vehicles has positively influenced the Asia Pacific automotive charge air cooler market. Also, the region has the presence of leading charge air cooler manufacturers like Hanon Systems, T.RAD Co. Ltd., Marelli, and Denso Corporation, thus creating growth opportunities for the market in the region. These companies have

Automotive Airbags & Seatbelts Market Projected to reach 40.4 billion by 2025

The global  automotive airbags & seatbelts market  size is estimated to be USD 28.2 billion in 2020 and is projected to reach 40.4 billion by 2025, at a CAGR of 7.5% during the forecast period. Various advancements in vehicle passive safety systems and increased demand for safer, efficient, and convenient driving experience are driving the market for automotive airbags & seatbelts. The 3-point seatbelts segment to hold the largest share of the automotive airbags & seatbelts market, by seatbelt type The government mandates for the installation of 3-point seatbelts will contribute to the growth of the segment. 3-point seatbelts protect against front-end collision. The growth of this segment can be attributed to their effectiveness over 2-point seatbelts in terms of safety. Download PDF Brochure @   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=21466612 Hybrid Electric Vehicle (HEV) to acquire the largest market share HEV is estimated to hold the largest share of the

Semi-Trailer Market Projected to reach $41.2 billion by 2025

  The global  Semi-Trailer Market  was valued at USD 29.5 billion in 2020 and is projected to reach USD 41.2 billion by 2025, growing at a CAGR of 5.6% during the forecast period. The semi-trailer market is primarily driven by the ever-growing need for improved transportation operations across various essential as well as non-essential sectors. OEMs are integrating fuel-efficient designs in their new models to reduce the air resistance and offer cost savings for fleet operators. Rising importance of fuel conservation and emission control has resulted in government authorities mandating technologies and emphasizing on improved designs. OEMs are therefore focusing on increasing usage of lightweight materials to reduce weight and help fleet operators reduce carbon footprint and increase cost savings. These cost savings may result from reduced fuel consumption or extra legally permissible load carrying capacity for semi-trailers. On a global level, the demand for semi-trailers is expected

Railway Wiring Harness Market Projected to reach $1.9 billion by 2026

The report " Railway Wiring Harness Market by Application(HVAC, Lighting, Traction System, Infotainment), Material, Train (Metro/Monorail, Light Rail, HRS), Component (Wire, Connector), Voltage (High, Low), Cable, Wire length,End Use and Region - Global Forecast to 2026" The railway wiring harness market, by value, was USD 1.5 billion in 2021. It is projected to grow at a CAGR of 4.6% from 2021 to 2026, to reach USD 1.9 billion by 2026. Asia Pacific accounted for the largest share of the market in 2020. This region is home to OEMs such as Hitachi Ltd. (Japan), Samvardhana Motherson International Limited (India), Furukawa Electric Co. (Japan), Taihan Wire Co, Ltd (South Korea), LS Cables & Systems (South Korea), and others. OEMs are expected to invest in railways, driving the market. For instance, metro systems are available in 12 cities in India currently and more than approximately 500 km metro lines are under construction in 15 other cities in India. The Indian governm

Automotive Engineering Services Market Projected to reach $253.9 billion by 2027

The report  “ Automotive Engineering Services Market  by Application (ADAS & Safety, Body Electrical & Electronics, Chassis, Connectivity, Interior/Exterior, Powertrain & Exhaust, Battery, Motor, Charger Test, Simulation), Service, Location & Vehicle – Forecast to 2027″ , is projected to grow at a CAGR of 8.8% from USD  153.3 billion in 2021 to USD  253.9 billion by 2027. The growth of the automotive engineering services market is driven by the rising sales of electric vehicles, increasing R&D investments in the automotive industry, the advent of autonomous vehicles, and the high implementation of connectivity services. Europe is expected to be the largest automotive engineering services market in the forecast Europe is estimated to account for a share of 43.0% of the global automotive engineering services market in 2021, and the market in this region is projected to register a CAGR of 8.9% during the forecast period. For the market analysis, Europe includes Germany