The global Transportation Management System (TMS) market is expected to grow at a CAGR of nearly 18.2% during the forecast period (2021-2027). The key factors contributing to the growth of the global TMS market include the growing technological innovations such as Advanced Driver Assistance Systems (ADAS) in the transportation industry and logistics industry and rising […]
Category Archives: Automotive
The global traffic management market is expected to grow at a CAGR of nearly 11.5% during the forecast period (2021-2027). The major factors driving the growth of the global traffic management market include the increasing number of vehicles and road traffic injuries globally. According the World Health Organization (WHO), around 1.3 million individuals die every […]
US electric vehicle charger market is forecast to grow at a CAGR of around 17.0% during the forecast period, 2019-2025. The major factor for augmenting the market include increasing electric vehicle market, supportive government regulations for electric vehicle and charging infrastructure. Some of the major electric vehicle companies working in the region include BMW AG, […]
UK electric vehicle charger market is forecast to augment at a CAGR of over 18.0% during the forecast period, 2019-2025. Government subsidies on the electric vehicle, and on charging infrastructure is one of the major factors augmenting the market growth in the country. A maximum grant up to $4,550 can be availed by the individual […]
The country is among the leaders of the adoption of electric vehicles all across the globe. As per the International Trade Administration, nearly 8% of the vehicle fleet in the country is electric which was second highest after Norway globally. Considerable growth is attributed to the stringent target set by the government of the country. […]
Spain electric vehicle charger market is anticipated to grow at a CAGR of over 20% during the forecast period, 2019-2025. In 2019, the government of Spain announced a target of 100% Zero Emission Vehicle (ZEVs) by 2040. Government subsidies in order to motivate the electric vehicle market are one of the major factors for the […]
South Korea electric vehicle charger market is expected to grow at a CAGR of 20.0% during the forecast period. Hyundai Motor aims to develop nine types of new EVs by 2021 whereas Kia Motors will introduce seven new EV models by 2027. With the increasing sales of EVs, a significant demand for charging infrastructure for home […]
South Africa electric vehicle charger market is projected to grow at CAGR of more than 10.0% during the forecast period (2019-2025). The key factors that are propelling the growth of the market include the rising environmental concern coupled with the increasing adoption of electric vehicles due to the availability of charging stations in the region. In […]
Norway electric vehicle charger market is forecast to augment at a CAGR of over 13.0% during the forecast period, 2019-2025. The country is the largest market for electric vehicles in Europe. Government push-ups and incentives for the electric vehicle are the major factors for the growth of the market in the country. In 2016, the […]
North American electric vehicle charger market is forecast to grow at a considerable growth rate over the forecast period, 2019-2025. Some of the major factors for the growth of the market include rising electric vehicle market, cohesive government regulations for electric vehicles & its charging infrastructure and significant investment from the government and private companies […]