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Showing posts from January, 2025

China EV Charging Station Market to Reach $10.1 Billion by 2030 Amid Strong EV Adoption

 The Asia Pacific Electric Vehicle Market is expected to grow from USD 218.8 billion to USD 404.7 billion by 2030, at a CAGR of 8.1%. The market in Asia Pacific region is led by growing dominance in China, and increasing demand for passenger EVs in South Korea, India, Japan and south east Asian countries such as Thailand, Indonesia, Malaysia and Vietnam. EV sales in China peaked near 50% share of the total vehicle sales in 2024; led by strong collaboration of domestic automakers with battery manufacturers (with lower EV battery costs) and increased platformization, leading to lower cost compared to foreign OEMs. This was however, led by strong sales of PHEVs, which grew by over 80% compared to 2023. Other countries in the region had a slowdown in sales in 2024, but have been showing growth in consumer acceptance lately, and expected to speed up their EV shift post 2025. BYD (~30-35%) and Tesla (~10-13%) held the largest market share in the region, led by demand for mid-priced ma...

China Dominates EV Charging Station Market as Global Valuation Hits USD 10.1 Billion by 2030

  The China EV charging station market is expected to grow from USD 6.3 billion in 2024 to USD 10.1 billion by 2030, at a CAGR of 8.2%. China has emerged as a global leader in public light-duty vehicle charging infrastructure, accounting for approximately 70% of the world's total in 2024, with projections to maintain dominance through 2030. Its robust growth is fueled by strategic initiatives and partnerships aimed at expanding charging access and technology. Xiaomi's integration with NIO, XPENG, and Li Auto chargers, alongside Volkswagen's collaboration with XPENG to develop ultra-fast chargers, exemplifies this progress. This extensive infrastructure aligns with the country’s efforts to support EV adoption and sustainable mobility. Around 48% of charging points in China are located around Guangdong, Jiangsu, Zhejiang, Shanghai, and Beijing. As of December 2024, China's public EV charging infrastructure remains the largest globally, with over 3.2 million charging poin...

Automotive Filters Market Size, Share, Trends, and Forecast to 2030

The Automotive Filters Market Size is projected to reach $14.6 billion by 2030, growing at a robust pace driven by rising global vehicle production and the increasing need for efficient filtration systems. The demand for automotive filters is fueled by stringent government regulations on emissions and air quality, which necessitate the use of advanced filtration technologies. With the growing adoption of electric vehicles (EVs), specialized filters for EV battery systems and thermal management are also gaining prominence, contributing to the market’s expansion. Factors Influencing Automotive Filters Market Size The Automotive Filters Market Size is further augmented by the rising consumer preference for enhanced cabin air quality and improved engine performance. Rapid urbanization and the increasing number of vehicles on the road have heightened the demand for fuel, oil, air, and cabin filters. Additionally, the aftermarket segment plays a crucial role in market growth, with regular ...

Future of Commercial Vehicle Telematics Market Set to Reach $12.8 Billion by 2030

  The Future of Commercial Vehicle Telematics Market size is projected to grow from USD 5.4 billion in 2024 to USD 12.8 billion by 2030, at a CAGR of 15.2%. The main factor driving production of commercial vehicle telematics is an attempt at finding effective ways of managing commercial fleets because their costs are comparatively hiked, and productivity enhanced remarkably. The changes such as the live updates in regards to the finishes and progress of loads and acts of predictiveness are helpful when reconstructing the paths and timetables for the maintenance of the vehicles thereby increasing the fuel efficiency and down time. On the same note, more stringent measures and conditions that are imposed on the firm on issues of safety, emission rates, and compliance can force fleet operators to adopt the telematics systems. The HCVs segment is anticipated to show the fastest growth in the global commercial vehicle telematics market. The HCVs segment is anticipated to be the fas...

Global Machine Tools Market: Manufacturers, Trends, and Forecast to 2030

  The Global Machine Tools Market Size is projected to reach $104.7 billion by 2030 , driven by advancements in automation and increasing demand for high-precision manufacturing across various industries. The adoption of CNC (Computer Numerical Control) machines and smart manufacturing technologies has significantly boosted the efficiency and productivity of machining operations, making them indispensable in automotive, aerospace, and electronics sectors. Additionally, the growing emphasis on Industry 4.0 practices and digitalization in manufacturing processes is further fueling the market's expansion. Innovations in manufacturing technologies, including hybrid machining and additive manufacturing, are further shaping the Global Machine Tools Market Size. These advancements enable greater flexibility, customization, and faster prototyping, aligning with the evolving needs of modern industries. Furthermore, the focus on sustainable manufacturing practices is pushing for the adopt...

Automotive Paints Market Size, Share, Trends & Forecast Report by 2028

 The  automotive paints market  is projected to grow from USD 8.4 billion in 2023 to USD 9.9 billion by 2028, at a CAGR of 3.2%. The key factors driving the automotive paints is increase in production of passenger cars, EVS and increase in sales of SUVs is driving. 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 market. The shift in consumer preference to SUVs from sedan and hatchback, 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 market. Polyurethane resin is projected to have the highest demand in automotive paints market Polyurethane-based coatings are popular in automotive OEM and refinish painting because they offer a unique combination of properties, this i...

Terminal Tractor Market Size and Growth Forecast to 2030

  The global terminal tractor market is projected to grow from USD 1.4 billion in 2024 to USD  1.9 billion in 2030, at a CAGR of 5.5%. The e-commerce sector's rapid growth, along with the rising demand for advanced material handling equipment in various industries to enhance productivity, is expected to drive the global demand for terminal tractors. The port industry is particularly focused on developing automated and electric vehicles, a trend that is also evident in the terminal tractor market. The Electric Terminal Tractor market is estimated to be the fastest-growing terminal tractor market by propulsion. Leading manufacturers like Konecranes, Kalmar, and Hyster are focusing on electric terminal tractors. They are investing in R&D and forming strategic partnerships to advance electric propulsion in terminal tractors. For instance, Hyster and Kalmar are at the forefront of electrifying terminal tractor fleets, offering significant environmental and economic benefits...

Mining Machinery Market Size, Share & Growth Forecast to 2030

  The mining machinery market is projected to grow from USD 24.8 billion in 2023 to USD 32.8 billion by 2030, at a CAGR of 4.1%. The growth of this market can be attributed to the growing demand for different minerals, the rise in infrastructure development activities that require metals and minerals, and the need for safer mining operations, thus driving demand for advanced and highly efficient mining machines. Based on the Machinery Category, the continuously rising demand for minerals for various industrial as well as residential applications has led to an increase in surface mining activities. This has created a demand for highly efficient and safe mining machines at mining locations. Advanced features like GPS tracking and autonomous machine operation are rising in demand for safe mining operations to reduce human errors. Apart from this, underground mines where mine ventilation is difficult have created a growth opportunity for electric mining machines which produce zero e...

In-Vehicle Infotainment Market Growth Insights: Size, Share, and Trends by 2028

  The  in-vehicle infotainment market is projected to grow from USD  16.4 billion in 2023 to USD  28.3 billion by 2028, at a CAGR of 11.6%. Government mandates on vehicles and the emergence of various technologies such as 5G and AI, and ADAS and other autonomous solutions are expected to offer promising growth opportunities in the In-vehicle infotainment market. The growth of the in-vehicle infotainment market can be attributed to the rising demand for entertainment, safety & security, navigation services, and rear-seat entertainment. Additionally, factors such as government mandates for electronic logging devices (ELD), growth in the smartphone industry, 5G infrastructure, and use of cloud technologies with artificial intelligence would create promising growth opportunities in the In-vehicle infotainment market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=538 “Embedded infotainments are estimated to accou...

Electric Vehicle Tires Market Size, Share, Growth, and Forecast to 2030

The Electric Vehicle Tires Market Size is projected to reach $11.2 billion by 2030, showcasing significant growth driven by the rising adoption of electric vehicles (EVs) worldwide. As EV sales continue to surge, the demand for specialized tires designed to handle unique EV requirements—such as higher torque, increased weight, and enhanced energy efficiency—is escalating. The market's expansion is further fueled by advancements in tire technologies, including low rolling resistance, improved durability, and noise reduction features, which cater specifically to EV performance needs. The growth trajectory of the Electric Vehicle Tires Market Size reflects the increasing investments by tire manufacturers in R&D to innovate and optimize products for electric vehicles. Regional market dynamics also play a pivotal role, with Asia-Pacific leading the adoption due to its robust EV production capabilities and supportive government policies. Meanwhile, North America and Europe are expe...

Cell to Pack Battery Market Size, Growth, and Opportunities by 2030

 The Cell to Pack Battery Market Size is projected to experience remarkable growth, reaching an estimated value of $79.0 billion by 2033. This growth is fueled by the increasing adoption of electric vehicles (EVs) worldwide, as manufacturers seek innovative solutions to enhance energy efficiency and reduce manufacturing complexity. The elimination of traditional module assemblies in battery packs allows for greater energy density, streamlined production processes, and reduced costs, making cell-to-pack technology a game-changer in the battery industry. Driving the expansion of the Cell to Pack Battery Market Size are advancements in battery technology and the rising demand for high-performance, long-range EVs. The technology’s ability to improve thermal management, energy utilization, and vehicle range has garnered significant attention from key automotive and energy storage players. Furthermore, government incentives for EV adoption and stringent emission regulations are expec...