Indian tire market is expected to witness significant growth at a CAGR of 5.1% during the forecast period. Till 2018, the country was one of the fastest-growing automotive markets all across the globe, however, a downfall in vehicle sales in 2019 & 2020 (due to the COVID-19 pandemic) has been witnessed in the country. However, […]
Category Archives: Automotive
Germany’s tire market is projected to witness a modest growth at a CAGR of 2.2% during the forecast period. The country is one of the largest manufactured of the vehicle all across the globe. As per the OICA, the country produced 4.6 million vehicles in 2019. As per the European Tyre & Rubber Manufacturers Association, […]
European tire market is projected to witness a CAGR of 2.1% during the forecast period. Stable vehicle sales, high expenditure on vehicles, and its accessories are some of the major factors for the growth of the market in the region. Growth in the demand for high-performance tires is another major factor for the growth of […]
China’s tire market is expected to witness a significant growth at a CAGR of 3.9% during the forecast period. The country is the largest automotive market by volume all across the globe. As per OICA, in 2019, 25.77 million vehicles were sold in China whereas 25.7 million vehicles were manufactured in the country, making it […]
Brazil tire market is expected to register a modest growth at a CAGR of 3.4% during the forecast period. Fluctuating vehicle sales will impact the growth of the Brazil tire industry. In 2012, the Brazil automotive market was the fourth largest market globally with a volume of 3.8 million vehicle sales as per the OICA. […]
Car POS machine market is anticipated to grow at a considerable CAGR of 7.8% during the forecast period. Cloud computing refers to the on-demand access of data and programs from a centralized pool of resources. The rising adoption of the cloud platform is considered to be one of the major factors augmenting the growth of […]
The car care products market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. The popularity of anti-microbial car care products is expected to rise at a considerably high rate. These products are ideal for protecting vehicles from microbial growth and aid drivers as well as passengers to protect themselves from various […]
The global dashboard camera market is anticipated to grow at a CAGR of 20.1% during the forecast period. Dashboard cameras are gaining popularity due to the increase in road accidents. Dashboard cameras assist the drivers to store the incidents happening in the front and the rear side of the vehicles. The incident is stored in the DVR […]
The global automated passenger counting system market is anticipated to grow at a considerable CAGR of 11.9% during the forecast period. With the growth in urbanization trends, cities require increasingly reliable, smart, and efficient transportation systems. According to the United Nations (UN), by 2050, around 68% of the global population is expected to be living in urban […]
The global Reverse Logistics market is anticipated to grow at a CAGR of 8.0% during the forecast period. Reverse logistics is the process of managing the flow of products, materials, and information from the point of consumption back to the point of origin. This can include activities such as product returns, recalls, repairs, and recycling. It is […]