The global mild hybrid vehicles market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period (2022-2028). One of the major factors contributing to the growth of the market is the rise in the number of vehicles to provide a 48V battery pack system in mild hybrid vehicles. For Instance, in January 2020, […]
Category Archives: Automotive
The global convertible roof system market is anticipated to grow at a considerable CAGR of 3.9% during the forecast period (2022-2028). The convertible roof top vehicle has been driven by the consistent development in the technologies and the new vehicle launches in the market. This constant participation of the market players has been making the […]
The global automotive automated parking system market is anticipated to grow at a considerable CAGR of 15.4% during the forecast period. The primary factor that is fueling the market growth is the growing safety awareness among vehicle users in the past few years as road accidents growing significantly. As per the United Nations (UN) report, in December […]
The global grease cartridges market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period. The shifting from traditional fiberboard cartridges to plastic cartridges owing to their rigid structure and longer durability is the major factor driving the growth of the global grease cartridges market. The price associated with the paperboard […]
The global GPS bike computer market is anticipated to grow at a significant CAGR during the forecast period. A bike computer is a device that is mounted on a bicycle and displays and calculates trip data. It’s similar to the speedometer/odometer found on a car’s dashboard. The device is put on the handlebar so that […]
The global shock absorber market is anticipated to grow at a considerable CAGR of 12.2% during the forecast period (2022-2028). One of the major factors that are growing the market includes technological advancement in the shock-absorbing industry which is supporting in the improvement of a vehicle’s performance, and consumers’ experience. Over the past few years, the demand […]
The global motor vehicle insurance market is anticipated to grow at a CAGR of 6.2% during the forecast period. Automotive vehicles are expensive products that a person purchases through their life-long earnings. Thus, any damage or loss of this vehicle does not create financial loss but also impacts the mental health of the vehicle owners. […]
The global alternate transportation technology market is anticipated to grow at a considerable CAGR of 10.3% during the forecast period (2022-2028). New transport technologies such as autonomous vehicles are increasingly gaining importance as an alternate transportation technology. An autonomous vehicle is a vehicle which exploits fully automated driving system so as to allow the vehicle to respond […]
The global cargo insurance market is expected to grow at a significant CAGR during the forecast period. Cargo insurance is a process used for shipment protection from any theft or physical damage and ensures the optimum value of goods against potential losses during the shipment process over air, seas, or land transportation. Cargo insurance offers […]
The global tourism vehicle rental market is anticipated to grow at a considerable CAGR of 8.1% during the forecast period. Europe is the major region that holds a prominent market share in the automotive industry and is anticipated to grow significantly during the forecast period. The core driving factors include corporations enlarging their fleets, a good government’s […]