Automotive and Transportation Research Reports

  The forklift market size is projected to grow from USD 58.9 billion in 2022 to USD 84.5 billion by 2027, at a CAGR of 7.5% for the same period. The increasing demand for forklifts offers many opportunities for rental services of these trucks, refurbished forklifts suppliers and advanced solution providers. Electric forklifts are gaining traction within material handling application especially at warehouses and logistics facilities and likely to grow wisely owing to its longer battery life, lower maintenance cost and easy maneurverability. High switching costs to electric forklifts and availability of charging infrastructure and battery capacity is few key concerns for this market; however growing advent of zero-emission working environment, sustainability, reduced running costs and rising development of advanced battery technologies will support positive future growth for this segment. This will help battery, motor and electric ystem and component supplier to gain new revenue stre

The automotive light market is projected to reach USD 28.5 billion by 2027 from an estimated USD 21.9 billion in 2022 at a CAGR of 5.3% during the forecast period, driven by developments in the automotive light sector and growing LED technology adoption. For instance, in 2020, AGC Inc announced the mandates to implement automatic lights on all new vehicles, which helps to reduce the accidents due to blinding. Further, automotive light OEMs are experimenting with newer and more advanced light technologies in premium and luxury car models. By vehicle type, passenger car is estimated to be the largest market for automotive light market owing to the largest production volume globally and growing demand for SUV and premium and luxury cars which has focus on ride safety, comfort and luxury compared to economical cars. The recent trends of making automotive light more responsive to driving speed, steering direction and terrain changes is also one of the major drivers of increasing demand f