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 […]
Category Archives: Automotive
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 […]
The global automotive varistor market is expected to grow at a significant CAGR during the forecast period. The use of IoT has risen dramatically in recent years, resulting in a significant surge in the development of wireless communication devices. These gadgets are made up of a variety of electronic circuits and parts. Varistors are utilised […]
The global automotive tire pressure monitoring systems market is anticipated to grow at a considerable CAGR during the forecast period. The presence of key players in the automotive tire pressure monitoring systems market such as Continental AG, Bridgestone Americasinc., Tire Operations LLC,DENSO Corp., Delphi Automotive LLP, Valor, ALLIGATOR Ventilfabrik GmbH, Advantage PressurePro Enterprises Inc., Huf […]
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 […]
The global commercial drones market is growing at a CAGR of 17.5% during the forecast period. The factors that augment the growth of the market include increasing demand in varied applications, reduction in size, and technical advancement. Drones are aircraft-flying devices without a human pilot aboard. UAVs are a component of an unmanned aircraft system […]