The global automotive financing services market is anticipated to grow at a considerable CAGR of 9.2% during the forecast period (2021-2027). The rapid shift of consumers towards electric vehicles due to rising rates of conventional vehicle fuels is generating new opportunities for the market. According to the International Energy Agency, more than 10 million electric vehicles are […]
Category Archives: Automotive
The global autonomous farm equipment market is anticipated to grow at a considerable CAGR of 10.2% during the forecast period 2022-2028). The primary factor driving the autonomous farm equipment market is use of AI in farming equipment and technological advancements. Significant technological advancements, such as the use of AI in fully automated tractors and harvesters, are inspiring […]
The global automotive drive shaft market is anticipated to grow at a significant CAGR of 5.5% during the forecast period (2022-2028). The marketing strategies such as mergers and acquisitions, partnership, collaborations, new product innovation, business expansion and other are adopted by major market players, to stay competitive in the global automotive drive shaft market. This is […]
The global automotive digital instrument cluster market is anticipated to grow at a considerable CAGR of 19.7 % during the forecast period (2021-2027). Automotive digital instrument cluster reveals important data source for drivers, which displays important information about the status of vehicle. As of now, instrument clusters are coming up with 2D and 3D graphics to display […]
The global automotive 3PL market is anticipated to grow at a considerable CAGR of 6.0% during the forecast period (2022-2028). In August 2021, Germany reached its target of one million registered battery-electric and plug-in hybrid vehicles, as per the government resources. According to the German Association of the Automotive Industry (VDA), electric vehicles accounted for 30.4% of […]
The global automotive horn market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period (2022-2028). The rising demand for new vehicles such as passenger vehicles and commercial vehicles coupled with demand for soft tone horns by consumers and government authorities is the key factor boosting the market growth. Furthermore, the companies are […]
The global flap rudder market is anticipated to grow at a significant CAGR of nearly 4.5% during the forecast period. The major factors that drives the growth of the flap rudder market include the rising demand for marine vessels for fishing and in the defence sector. For instance, as per the Food and Agriculture of […]
The global fuel cell electric vehicle market is anticipated to grow at a considerable CAGR of 2.9% during the forecast period (2021-2027). Some of the primary factors that are fueling the fuel cell vehicle market is the enthusiasm of market players to participate in the competition with their new launches. There are five most exciting fuel cell […]
The global commercial vehicle telematics is expected to grow at a significant CAGR during the forecast period. The major application of commercial vehicle telematics is to track the vehicle. This telematics enables the transmission of information from long distances in commercial automobiles which includes monitoring of vehicle movement and location by the combination of two […]
The global vehicle reseller market is anticipated to grow at a significant CAGR of 8.0% during the forecast period. The market is primarily driven by the reduced per capita income of the population across various countries including Pakista, Somalia, and others, which led in shifting the customers towards the used cars. According to the CEIC […]