North America aviation industry includes airline companies, airport managing companies, and aircraft manufacturing companies along with the companies involved in the management of the airport and aircraft. The factors that were fueling the growth of the market before the COVID-19 pandemic include the expected capacity growth owing to new aircraft deliveries, lowered operating costs, and […]
Category Archives: Business
The pneumatic tires market is anticipated to grow at a CAGR 6.7% during the forecast period. Pneumatic tires are largely used in the automobile industry owing to enhanced performance features in terms of fuel economy, good traction and efficiency. Moreover, the rapid increase in disposable income of consumers and changing lifestyles are anticipated to drive […]
The global maritime transport industry includes the transport of goods and passengers through waterways. Maritime transport is one of the important channels to operate the global economy seamlessly. As per the United Nations, more than 90% of the global trade is carried by the sea route every year. Oil tankers, bulk carriers, general cargo ships, […]
Cruise ships are the large luxury passenger ship used mostly for vacationing. As per Cruise Lines International Association (CLIA), around 30 million people cruised globally in 2019 and the expected number for 2020 was around 32 million. It is the fastest-growing segment in the leisure travel market with capacity utilization over 100%. The cruise industry […]
The global electric boat and ship market is estimated to grow at a CAGR of over 10% during the forecast period. Nowadays, the transport sector represents one of the major sources of pollution. Air pollution and greenhouse gas emissions are of major concern which leads to global warming and impacts human health. To overcome such […]
The global smart ports market is estimated to grow at a CAGR of nearly 26.0% during the forecast period. The major factors contributing to the growth of the market include a significant rise in the logistics sector and rising demand for automation in ports. A significant rise in the logistics sector has been witnessed in […]
The cargo shipping market is estimated to augment at a modest growth rate during the forecast period. Cargo shipping is the process of transporting commodities, goods, and cargo by the water route. The cargo shipping can be domestic or international however most of the cargo ships are operating at the international routes. Cargo ships are […]
The ride-hailing market is anticipated to showcase exponential growth for the next couple of years (2025 & 2031) and lucrative growth in the next years during the forecast period. A number of factors are working for the growth of the ride hailing market which includes high smartphone and internet penetration all across the globe, the […]
The telematics market is anticipated to show a lucrative growth at a CAGR of around 17% during the forecast period 2025-2031. The telematics industry includes devices, software, and services to collect and transmit data on vehicle use, maintenance requirements, and automotive servicing. It is widely used to coordinate vehicle to manage the fitness, profitability, and […]
The global market for air taxi is projected to have considerable CAGR of around 26.5% during the forecast period. The growth of the air taxi market is attributed to the rising investments from various private organizations to enhance the consumer flying experience by providing UAM for commercial applications including air taxi. The rapid urbanization along […]