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Showing posts from June, 2024

EBike Market Size, Share, Trends & Analysis by 2030

  The global EBike market is forecast to grow from USD 48.7 billion in 2024 to USD 71.5 billion by 2030 at a CAGR of 6.6%. Major drivers driving the ebike market are government subsidies and incentives, growing micro-mobility services, technological advancements in e-bikes, and infrastructure development dedicated to e-bikes. The ebike market has been declining in the last few years due to supply chain disruptions, economic tensions between countries, decreased consumer spending due to the rising cost of living, and the overstocked inventory of ebikes with manufacturers and suppliers. Additionally, frequent disruptions in electricity and gas supplies to factories have forced assemblers to delay the delivery of existing orders, contributing to a decline in e-bike sales in the export market. However, the market is expected to show steady growth in the coming years, even though it saw a decrease in 2023. Class I e-bikes are expected to account for the largest segment during the forec

EV Battery Market Size, Share, Trends & Forecast by 2033

 The global  Electric Vehicle Market  is projected to grow from USD 132.6 billion in 2023 to USD 508.8 billion by 2033, registering a CAGR of 14.4%. Increased awareness about environmental concerns and the desire for sustainable transportation options are driving consumer interest in electric vehicles. Longer battery life, faster charging times, and increased driving ranges are influencing consumer decisions. Additionally, Innovations in battery technology, such as advancements in lithium-ion batteries, solid-state batteries, and other emerging technologies, drive efficiency, range, and cost-effectiveness, making EVs more appealing to consumers. Prominent automakers are investing heavily in electric vehicle technology and are pledging to transition their fleets to electric. This commitment to EVs pushes battery development and market growth. Market Dynamics: Driver: Improvements in battery technology There have been substantial improvements made by several companies in EV battery

Electric Scooter Market Poised to Reach $12.4 billion by 2030

  The global electric scooter market worldwide size was valued at USD 4.3 billion in 2024 and is expected to reach USD 12.4   billion by 2030, at a CAGR of 18.9% from 2024 to 2030. The global electric scooter market is poised for significant growth, driven by expanding charging infrastructure, increased adoption in key countries, and a heightened focus on environmental sustainability. Governments worldwide are actively promoting electric vehicles (EVs) to reduce pollution from traditional gasoline-powered options, leading to substantial investments in charging networks and making electric scooters and motorcycles more viable for consumers. Rising fuel prices and a growing demand for energy-efficient commuting options further propel market expansion. “The 1.5–3 kW segment to show a significant growth rate during the forecast period.” The less than 100 kW market is projected to register a CAGR of 19.2% during the forecast period. The power output of medium-power electric scooters an

Electric Commercial Vehicle Traction Motor Market Size, Share and Trends [2024-2030]

  The global Electric Commercial Vehicle Traction Motor market is projected to grow from USD 2.1 billion in 2024 to USD 9.8 billion by 2030, registering a CAGR of 28.8%. The traction motor of an electric commercial vehicle (ECV) is the driving force behind a new era of transportation, embodying efficiency, sustainability, and innovation. As the world pivots towards electrification to combat climate change and reduce dependency on fossil fuels, ECV traction motors play a pivotal role in powering electric commercial vehicles, ranging from trucks, vans, pickup trucks to buses. These motors leverage cutting-edge technologies in motor control and power electronics to deliver optimal performance while minimizing energy consumption and emissions. With the growing adoption of electric vehicles across various industries, the ECV traction motor market is experiencing exponential growth, fueled further by supportive government policies, cost competitiveness, and a global commitment to building

Gasoline Direct Injection Market Size, Share, Trends & Analysis by 2027

According to a research report " Gasoline Direct Injection Market  by Engine (I3, I4, V6, V8), Component (Fuel Injector, Rail, Pump, Sensor, ECU), Vehicle Type (Hatchback, Sedan, SUV/MPV), Hybrid Vehicles, Technology (Gasoline Turbocharger, GPF) & Region - Global Forecast to 2027" published by MarketsandMarkets, the gasoline direct injection market is estimated to grow from USD 5.1 billion in 2022 to USD 7.3 billion by 2027 at a CAGR of 7.1% over the forecast period. Growing stringency in emission limits with decreased emission limits is expected to drive the gasoline direct injection market. In addition, technological advancements such as turbo GDI system, GDI system for hybrid electric vehicles (HEV) & plug-in hybrid electric vehicles (PHEV) would create growth opportunities for the gasoline direct injection market. ECU is expected to be the largest segment during the forecast period The ECU segment is estimated to lead the market mainly due to growing advance

Passenger Car Seat Market Size, Share, Trends & Forecast by 2030

  The  passenger car seat market  is estimated to grow from USD 42.5 billion in 2023 to USD 46.1 billion by 2030 at a CAGR of 1.1% over the forecast period. The increasing stringency in regulations and safety standards for vehicles, technological advancements & innovation in the seating segment, and increasing focus on electric vehicles and others are driving the passenger car seat market. Asia Pacific and the Americas will remain the top regional market for this product. Powered seats are the fastest-growing technology segment. The powered seats will have the fastest growing CAGR, with 5.0% during the forecast period. Powered seats are usually installed in the front row of the vehicle. It is equipped with an electric motor that controls the movement and positioning of the seat with the help of a control switch like a small joystick or physical buttons mounted on the lower side of the seat, allowing the driver to adjust the seating position in several ways. The power seats offe

Air Brake System Market worth $3.4 billion by 2028

 According to a research report " Air Brake System Market  by Type (Disc & Drum), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, & Slack Adjuster), Rolling Stock, Vehicle Type (Rigid Body, Heavy-Duty, Semi-Trailer, & Bus), Region - Global Forecast to 2028" published by MarketsandMarkets, the global air brake system market is projected to grow from USD 3.1 billion in 2023 to USD 3.4 billion by 2028 at a CAGR of 2.2% from 2023 to 2028. Browse 272 market data Tables and 48 Figures spread through 267 Pages and in-depth TOC on "Air Brake System Market by Type (Disc & Drum), Component (Compressor, Governor, Tank, Air Dryer, Foot Valve, Brake Chamber, & Slack Adjuster), Rolling Stock, Vehicle Type (Rigid Body, Heavy-Duty, Semi-Trailer, & Bus), Region - Global Forecast to 2028"    The growth in air brake systems is primarily driven due to a rise in heavy commercial vehicle production, driven by technological advancem

Electric Vehicle Market Size, Share, Trends & Analysis by 2030

  The global electric vehicle market size was valued at USD 388.1 billion in 2023 and is expected to reach USD 951.9 billion by 2030 at a CAGR of 13.7% during the forecast period 2023-2030. With advancements in technology, increasing environmental consciousness, and supportive government policies, EVs have gained significant traction as a viable and sustainable transportation option. As concerns over climate change and air pollution intensify, consumers and industries are increasingly turning to electric vehicles to reduce their carbon footprint and contribute to a greener future. This growing global momentum has propelled the electric vehicle market into a transformative phase, with innovations and investments driving the expansion of EV adoption across the world. Electric Vehicle Market Growth Dynamics: Driver: Reducing prices of EV batteries will increase demand for EVs by making them cost effective Due to technological advancements and the production of  EV batteries  on a m