Usage-based insurance market is anticipated to grow at a significant CAGR of nearly 27.9% during the forecast period. The major factors that drive the growth of the UBI market include the growing automobile industry across the globe, along with the increasing technological advancements in both developing & developed countries. For instance, In July 2018, the […]
Category Archives: Business
The global hybrid drivetrain market is anticipated to grow at a significant CAGR of 26.5% during the forecast period. The global hybrid drivetrain market is driven by the increased initiatives taken by governmnet such as zero carbon emission to support the market. Transportaion sector accounts for 18% of total energy consumption in India and this […]
The global FMCG logistics market is anticipated to grow at a significant CAGR of 4.6% during the forecast period. The growing penetration of IoT-enabled connected devices and a surge in tech-driven logistics services will boost the market growth. The FMCG logistics market has been fundamentally transformed by changing technical trends and their deployment in FMCG […]
The global market for Automotive 3PL is projected to have a considerable CAGR of around 6.0% during the forecast period. The automotive 3PL market is anticipated to grow in the coming years as finished vehicle logistics (FVL) becomes more efficient. The use of FVL would decrease the number of trucks on the road. For instance, […]
The global online powersports market is anticipated to grow at a significant CAGR of 4.3% during the forecast period. The major factor that is augmenting the growth of the global online powersports market is increasing improvement in consumer lifestyles along with rising inclination toward adventurous activities for the purpose of entertainment. However, high-cost involvement is […]
Automotive collision repair market is anticipated to grow at a CAGR of 7.5% during the forecast period (2024-2031). Automotive collision repair refers to the process of restoring vehicles to their pre-accident condition after they have sustained damage from collisions, accidents, or other incidents. This includes repairing structural damage, replacing damaged components, and refinishing the vehicle’s […]
Heavy haul truck market is anticipated to grow at a CAGR of 5.5% during the forecast period (2024-2031). Heavy haul trucking transports oversized items such as industrial machinery, military or farming equipment, and construction materials. A major factor supporting the market growth is the increasing integration of smart technologies to bolster investments in the heavy […]
Agricultural tractors market is anticipated to grow at a CAGR of 5.6% during the forecast period (2024-2031). Agricultural tractor is described as a farm vehicle that provides the power and traction to mechanize agricultural tasks, especially (and originally) tillage, and now many more. The growing cost of labor and increasing mechanization of farming activities are […]
Ship repair and maintenance services market is anticipated to grow at a CAGR of 5.3% during the forecast period (2024-2031). The global market is driven by the rising investment in building shipyard infrastructure, aging marine fleets, increasing maritime trade, and government initiatives to tighten ship maintenance and repair norms for environmental sustainability. Further, the market […]
Electronic toll collection (ETC) market is anticipated to grow at a CAGR of 6.6% during the forecast period (2024-2031). The global ETC market is expanding owing to technological advancements, government initiatives, and urban transportation needs. Electronic toll collection system (ETC) systems use radio frequency identification (RFID), global positioning system (GPS), automatic number plate recognition (ANPR), […]