The Middle East intelligent transportation systems (ITS) market size was worth USD 2.82 billion in the year 2017 and is expected to grow at a CAGR of 11.6% from 2018 to 2025. The need to provide timely traffic information alerts to passengers and drivers is amongst the major factors stimulating market growth.Read More »
The global electric vehicle charging infrastructure market size was worth USD 11.74 billion in 2019. The market is projected to grow with 32.0% CAGR over the forecast duration. The rise in sales of electrical vehicles is the major factor attributing to the growth of the market. Further, governments across the globe are offering funds to market players to establish charging stations, which, in turn, is bolstering the market growth. For example, the California Energy Commission (CEC) offered USD 4 million to a company named ChargePoint Inc. Read More »
The global commercial helicopter market size was worth USD 5.30 billion in 2018. The market is estimated to grow at a CAGR of 3.8% over the forecast duration. Rise in helicopter usage in different operations such as Emergency Medical Services (EMS), firefighting operations and Search and Rescue (SAR) propelling the market growth. Read More »
The global heavy-duty automotive aftermarket size was worth USD 109.5 billion in the year 2017 and is expected to register a CAGR of 4.5% over the forecast period. Growing technological innovations like the development of autonomous and connected trucks are anticipated to drive the product demand from 2018 to 2025.Read More »
The global car rental market size was accounted for USD 88.2 billion in 2018. It is projected to grow at the CAGR of 5.1% during the forecasted period, 2019 to 2025. Growing tourism and travel industry is projected to surge the demand for rental services in the next few years. In addition, a rising number of business trips & leisure activities coupled with rising number of self-driven car rental companies are expected to boost market growth.Read More »
The global electric vehicle supply equipment (EVSE) market size was accounted for USD 14.1 billion in 2018. It is estimated to grow at a CAGR of 33.1% over the forecasted period 2019 to 2025. EV supply equipment is used for charging applications across commercial and residential places such as highways, parks, hotels, corporate offices, and homes.Read More »
The global fuel cell vehicle market size was worth USD 194.5 million in 2017. The market is projected to ascend at a CAGR of 33.7% over the forecast duration. Growing air pollution has led to a rise in demand for alternate fuel vehicles, which, in turn, is propelling the growth of the fuel cell vehicles. Globally, governments are emphasizing on curbing the emission level and incorporating advanced technologies.Read More »
The global road safety market size was worth USD 2.7 billion in 2018. The market is projected to grow at a CAGR of 10.5% over the forecast period. Road safety includes products, services and solutions used in preventing road accidents. Various products for road safety include detection systems, enforcement cameras and incident response along with installation and repair of these products. These products and solutions help in ensuring the commuters' safety by maintaining discipline in traffic. Growing road infrastructure coupled with emphasizing on public safety is projected to propel the market growth.Read More »
The North America car air freshener market size was accounted for USD 764.1 million, in 2014. The industry is witnessing changing customer requirements and strategic efforts undertaken by leading players. Aconsiderable rise in consumer goods due to surging economy of the U.S. and Canada is predicted to propel the product demand in the region.Read More »
The global internal combustion engine (ICE) market size was estimated at 157,105 thousand units in 2017. The market is projected to grow at 4.9% CAGR over the forecast duration. In the recent past, the market has witnessed challenges from depleting fossil fuels industry and growing emphasizing on improving emission levels. However, the introduction of advanced technologies coupled with hybrid systems is helping industry in gaining traction and this trend is anticipated to fuel the market growth from 2018 to 2025.Read More »
The smart fleet management market size across the globe was valued at USD 291.1 Billion in the year 2016. It is expected to witness growth with 7.7% CAGR over the forecasted years, 2017 to 2025. The surging need for attaining more operational efficiency coupled with the rising awareness about vehicle and passenger safety is expected to drive the market growth. Several rules and regulations are being imposed by statutory governing organizations for developing a secured and reliable transportation network. Read More »
The global fixed-wing air ambulance service market size was accounted revenue at USD 977.6 million in 2017 and expected to grow with a CAGR of 9.4% over the projected period, from 2018 to 2025. The fixed-wing air ambulances are widely used helicopter or aero plane to move patients to and from healthcare facilities this market is gaining popularity in developing countries such as India and China. Rising spending capacity on healthcare facilities among people is expected to drive the fixed-wing air ambulances market growth in the next few years.Read More »
The global transportation management systems market accounted for USD 61.27 billion, in 2018 and is anticipated to grow at a CAGR of 16.2% over the forecast period of 2019 to 2025.The growing e-commerce sector, deployment of advanced technologies, high return on investment and increase in bilateral trading relation between several nations are the major factors propelling the market growth. Transportation management system (TMS) is available as a module for Enterprise Resource Planning (ERP) and Supply Chain Management (SCM) suites. Read More »
The global electric vehicle market size was expected worth 2,373.5 thousand units in the year 2019. It is anticipated to register a CAGR of 41.5% from 2020 t0 2027. Favorable initiatives by the governments across the globe have promoted the manufacturing of EVs. For example, in 2019, the auto manufacturers and the government of Germany agreed to increase cash incentives under the plan named, “Environment Bonus” for battery operated cars.Read More »
The global automotive natural gas vehicle (NGV) market was accounted for 28,201.3 thousand units in 2019. It is projected to register the CAGR of around 3.5% over the forecast period, 2020-2027. Rising adverse impact of harmful gas emission is anticipated to trigger the transportation industry to seek for natural gas-fueled vehicles.Read More »
The Asia Pacific fuel dispenser market size was accounted for USD 1.04 billion, in 2015.Factors such as rapid urbanization, rising demand for personal vehicles, increasing per capita income and booming of the shale gas industry are projected to fuel the growth of the market over the estimated period. The automotive industry is experiencing substantial growth in both developed and developing nations such as India and China in the recent past. Read More »
The global automotive metal stamping market size was worth USD 70.42 billion in the year 2015. The process of creating different sizes & shapes by transforming sheet metal is called automotive metal stamping. Over the years, the automotive industry relied on metals like cast iron, steel, titanium, and aluminum for assembling & manufacturing different tools, equipment, and machinery.Read More »
The global automated parking systems market is expected to grow by leaps and bounds in the upcoming period. This could be credited to rise in demand for convenient and safe parking as the number of vehicles plying on the roads is increasing exponentially. Automated parking systems do reduce the depth and width required for parking space coupled with distance between parking spaces as no arrangements need to be made to open car doors or drive the car into parking space. Read More »
As per the report circulated by the experts the scope of the global Ride Sharing Market was priced at US$ 6.68 billion in 2017. This is expected to reach US$ 11.94 billion by 2025 with a CAGR of 7.5% during the period of forecast. An organization that links car driver with travelers by means of an app or else a website is recognized as ride sharing. The sellers that deliver the facilities are recognized as the companies of transport system.Read More »
The electric & hybrid electric buses market is subject to witness a substantial growth due to the rapid technological advancement in automotive sector and favorable initiative to promote electrical vehicles in the market. Growing concerns regarding exponential rise in air pollution, and shifting preference towards zero emission vehicles from clean energy vehicles (CNG buses) are expected to drive the growth of the market over the forecast period.Read More »