The global automotive tire market is anticipated to grow at a considerable CAGR during the forecast period. The key companies across the globe are highly inclined towards the adoption of different growth strategies including capacity expansion, mergers and acquisitions, new product launches, and product innovation to remain competitive in the marketplace. For instance, in February 2021, the […]
Category Archives: Automotive
Ride-hailing market is anticipated to grow significantly at a CAGR during the forecast period. High smartphone and internet penetration globally will drive the growth of the global ride-hailing market. In addition to this, greater funding to the startups of the ride-hailing and increasing cost of the vehicle will drive the growth of the market. Moreover, […]
The global FMCG logistics market is anticipated to grow at a considerable CAGR of 4.6% during the forecast period. The rapid increase in the penetration of e-commerce in FMCG sector will drive the market growth. The e-commerce refers to the purchase and sale of products over the internet. Its potential to provide transparency of inventory status, projected […]
The global metal alloy market is anticipated to grow at a CAGR of 4.77% during the forecast period (2023-2030). Metal alloys are metallic substances formed by fusing or mixing two metals, or non-metal and metal, thereby obtaining a desirable characteristic including strength, hardness, lightness, etc. The key factors driving the metal alloy market include transportation, construction, machinery, […]
The global automotive engine market is anticipated to grow at a CAGR of 7.3% during the forecast period (2023–2030). The market growth is attributed to growing demand for a shift towards Electric Vehicles across the globe. Government initiatives and regulations along with the increasing public awareness of environmental issues, have led to a marked increase in the […]
Electric commercial vehicle market is anticipated to showcase a lucrative CAGR of 19.0% during the forecast period. Government purchase of the electric bus for public transportation, development of charging infrastructure, and stringent target to curb carbon emission are the prominent factors that are driving the global electric commercial vehicle market. Moreover, the entrance of a […]
US smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising government spending in the improvement of transport infrastructure and continuous R&D in the autonomous vehicles in the country by the leading automotive companies, such as Tesla Inc. Moreover, the […]
UK smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising urbanization and presence of an established automotive industry. The huge expansion of smart cities in the country is further rising the advancement in the technologies for smart transportation, including […]
North America smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the ongoing smart city projects in support with the growing government initiatives through public-private partnership (PPP) model. Moreover, the high adoption of smart connected devices, such as IoT and AI […]
India smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising support from the governmental bodies for the deployment of advanced technologies for the traffic management. In June 2015, Government of India announced its flagship program ‘Smart Cities Mission’ that […]