Automotive and Transportation Research Reports

The automotive paints industry is projected to reach USD 9.9 Billion by 2028 from an estimated USD 8.4 Billion in 2023, growing at a CAGR of 3.2% during the forecast period. The increasing in sales of EVs, growing trend for purchasing the compact and mid sized SUVs is driving the global automotive paints industry. Also, there is increase in adoption for powder coating and water-borne coating technologies in automotive sector to reduce the environmental impact. Hence these factors is driving the automotive paints industry. Electrocoat (E-Coat) is the first layer applied to a vehicle’s body during the coating process. The primary function of this layer is to prevent corrosion and provide a uniform body surface. The thickness of an e-coat varies from 17–22 μm, which is approximately 18% of the total volume of paint applied on a vehicle. Electrocoating utilizes an electric current to deposit the coat on the vehicle’s body. Electrocoat forms a uniform, thin layer of paint on the entire sur

The automotive gears market is projected to grow from USD 42.7 billion in 2024 to USD 50.8 billion by 2030, at a CAGR of 3.0%. The growth of this market can be attributed to the rising production of passenger cars, light commercial vehicles, rise in demand for SUVs, rise in production of c-segment and above vehicles, increase in comfort and convenience features like Sunroofs, ORVMs and power windows and the use of low-carbon footprint technologies. The adoption of plastic/polymer gears for automotive applications is expected to create an opportunity for many gear manufacturers. With the rise in consumer demands for mid and high-segment cars, there will be a rise in applications of sunroofs, power windows, ORVMs, and automatic tailgates, and the demand for plastic gears will also increase. These gears have no noise and vibrations, are lightweight, and have low manufacturing costs. Also, they require very little or no maintenance and are corrosion-free. Heavy Commercial Vehicles are e

  The global EV battery industry is projected to grow from USD 132.6 Billion in 2023 to USD 508.8 Billion by 2033, registering a CAGR of 14.4%. As concerns about climate change and air pollution mount, people are increasingly turning to EVs as a cleaner and more sustainable alternative to gasoline-powered vehicles. This surge in demand for EVs is naturally driving up the demand for EV batteries. Further, Battery technology is constantly evolving, with researchers making significant strides in improving range, lifespan, and charging times. These advancements are making EVs more practical and appealing to consumers, further fueling the market for EV batteries. “Prismatic form to hold largest market share during the forecast period.” Prismatic cells represent a more compact form of cylindrical cells, with the internal layers of the anode, cathode, and separators being folded into a cubic or flattened spiral form. This gives it a more compact structure. The battery contents are held t

  The Electric Vehicle (EV) Tires Market is poised for substantial growth as the demand for electric vehicles continues to surge globally. EV-specific tires are designed to handle the unique requirements of electric vehicles, such as higher torque, heavier battery loads, and increased efficiency demands. Leading tire manufacturers are developing innovative solutions that improve rolling resistance, enhance durability, and reduce noise, all while maintaining safety standards. As more countries push for EV adoption through incentives and stricter emission regulations, the market share for electric vehicle tires is expected to expand significantly, driven by both OEM and aftermarket segments. By 2028, the EV Tires Market is projected to capture a sizable portion of the overall automotive tire industry. The global electric vehicle tires market size is projected to grow from USD 2.8 billion in 2023 to USD 11.2 billion by 2030, at a CAGR of 21.7%. Download PDF Brochure @ https://www.mar

The global machine tools growth is projected to grow from USD 78.6 Billion in 2023 to USD 104.7 Billion by 2030, registering a CAGR of 4.2%. Companies in the automobile industry are gradually adopting CNC machine tools to produce complex components with more accuracy, efficiency, and stability. Automakers are aggressively putting plans into place to shorten product life cycles, boost product efficiency, and gain a competitive edge. As a result, machine tools that enable quick prototyping and manufacturing complex automobile parts are becoming increasingly necessary. In addition, there's a growing need for machine tools, including CNC technology, to facilitate virtual and flexible manufacturing processes. The global machine tools market is experiencing significant growth driven by increasing demand from various sectors such as automotive, aerospace, defense, and electronics. Advancements in automation and the integration of IoT (Internet of Things) and AI (Artificial Intelligence

  The global connected car market size is projected to grow from USD 12.4 billion in 2024 to USD 26.4 billion by 2030, at a CAGR of 13.3% during the forecast period. The introduction of several laws requiring safety features like e-call, navigation, collision warning systems, etc., is anticipated to increase the uptake of connected car services worldwide. The rising sales of high-end and luxury automobiles partly drive the growing demand for connected car services. The market for connected cars will expand as long as connected car hardware and software advance. For example, in November 2021, Continental created an intelligent program that allows complex driving maneuvers to be performed automatically as a technological solution for highly automated driving. Highly autonomous driving from Level 3 is made possible by an innovative software program called the Next Generation Driving Planner. This implies that cars can manage some driving duties without assistance from a driver. The con

The global EV charging cable industry is projected to grow from USD 1.3 billion in 2023 to USD 3.9 billion by 2030, registering a CAGR of 16.7%. As environmental consciousness and the shift toward sustainable transportation gather momentum, the demand for robust and innovative charging solutions has soared. This surge is influenced by the growing awareness of the environmental benefits of EVs and significant investments in charging infrastructure and government incentives, all of which contribute to the burgeoning EV charging cable market. One of the key catalysts driving this market's remarkable expansion is the relentless pursuit of technological advancement. Recent technologies include hands-free charging cables, revolutionizing the charging experience by eliminating the need for manual cable connections and simplifying the process. Additionally, liquid-cooled charging cables have emerged as a game-changer, efficiently managing temperature during charging, enhancing overall eff

The low-speed vehicle industry is projected to grow from USD 8.9 billion in 2021 to USD 14.4 billion by 2027, at a CAGR of 8.2%. As per the World Bank, the global population is growing at a rate of ~1% annually. Further, according to the same World Bank statistics, nearly 35% of the global population came under the 40-79 age group in 2020. Nearly 25% of the population in the US were 60 years and above, European nations had an average of 21.5% of the population above 60 years and above, and Japan is the oldest country with nearly 28% of the population in that age group. As per the UN Census Bureau, the global population crossed 7.9 billion in February 2022. As per medical studies, the reflex actions of the human body tend to reduce with growing age. This supports that people are now moving toward safer driving options. The trend of an aging population in the US has grown nearly 3% from 1996 to 2020 and predicted to grow during the forecast period. Thus, these figures show that the geri

  The construction equipment industry is projected to grow from USD 149.7 billion in 2023 to USD 194.7 billion by 2030, at a CAGR of 3.8%. The construction equipment rental business is picking up steam and seems to be having a positive impact on the global construction equipment industry which will offer promising growth opportunities for the futuristic growth of the market . Based on Region, it is predicted that Asia Pacific will maintain its dominance in the worldwide market for construction equipment throughout the forecast period. The construction equipment industry in China, which is anticipated to be the biggest market in Asia, is mostly to blame for the domination. The demand for construction equipment such as Crawler Excavators, Road Rollers, and others will drive the Asian construction equipment industry in the years to come due to the expanding infrastructure development activities such as the construction of railway lines, roads, new commercial complexes, and others. Wit

  The global  ADAS industry  size is projected to grow from 334 Million units in 2024 to 655 Million Units by 2030, at a CAGR of 11.9%. The ADAS industry is experiencing robust growth due to the increasing integration of advanced driver-assistance systems, connected vehicles, autonomous driving features, and government mandates. Additionally, increasing standards for safer vehicles with new technological developments from ADAS solution providers will boost the revenue growth for ADAS during the forecast period. Based on Vehicle Class, China, South Korea, and Japan account for the largest share of the ADAS industry in the Asia Pacific region. The market growth in Asia Pacific can be attributed to the high vehicle production and increased use of advanced electronics in Japan, South Korea, and China. These countries’ governments have recognized the automotive industry’s growth potential and have consequently undertaken various initiatives to encourage major OEMs to enter their domestic

  The global exhaust system industry is projected to grow from USD 36.9 billion in 2021 to USD 47.9 billion by 2026, at a CAGR of 5.3% during the forecast period. Growing vehicle emission is leading to stringent emission and fuel economy regulations and growing penetration of after treatment devices in combinations are the major factors driving the growth of the exhaust system market . Passenger cars, light commercial vehicles, and heavy commercial vehicles are classified as on-road vehicles. Most countries follow Euro standards such as Euro 5 and Euro 6. The particle mass and particle number standards for diesel cars in Euro 6 are the same as those in Euro 5. Limits on particle mass emissions for diesel cars have nonetheless been reduced by large amounts since the Euro 1 standards were introduced. The Euro 6 particle mass limits for diesel cars represent a reduction of 9 6% from Euro 1 limits.  Euro 6 is a significant advancement over Euro 5 with regard to NOX limits. The NOX lim