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Asia Pacific Tire Market Research Report by Opportunities, Challenges, Risks, Competitive Landscape and Forecast to 2027

- January 17, 2023

According to the latest report by IMARC Group, titled “ Asia Pacific Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ”, the Asia Pacific tire market size reached 1,170 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 1,520 Million Units by 2027 , exhibiting a growth rate (CAGR) of 4.7% during 2022-2027. APAC Tire Market Growth Drivers: The elevating demand for first and second-hand cars in countries such as India, China, Indonesia, Malaysia, etc., is among the key factors driving the Asia Pacific tire market. Moreover, the inflating investments towards several infrastructure projects, including bridges, roads, tunnels, etc., to improve transport connectivity are further catalyzing the market across the region. Besides this, the growing automobile production and the expanding fleet size are acting as significant growth-inducing factors. Additionally, the rising usage of both light and heavy commercial vehicles in const

U.S. Bus Market to Witness Robust Expansion by 2030

- June 16, 2022

The U.S. bus market will reach $11,237.7 million by 2030 at a CAGR of 4.7% during the forecast period, from $7,453.4 million in 2021. This is owing to the rapid urbanization and rising government spending on the advancement of public transport vehicles. Compared to traveling by personal vehicles, they conserve fuel and release lower levels of volatile chemicals into the air. Apart from this, they also meet economical standards, as the cost of traveling by public transport is a lot less than that of a single gallon of gasoline and diesel. Bus Industry Outlook for U.S. Market The electric category in the U.S. bus market will have the fastest growth within the propulsion segment, at a CAGR of approximately 30%, in the coming years. This can be ascribed to the subsidies, financial incentives, and tax credits offered by the federal and state governments on the sale of electric buses. Since these are high-occupancy vehicles, they certify for exemptions from toll charges in various states, s

Demand for Micromobility to Grow in Turkey in Near Future

- April 21, 2022

A number of factors, such as the rising need for maintaining a green environment, surging requirement for minimizing traffic congestion, and increasing demand for effective transportation systems for short-distance traveling, are projected to drive the growth of the Turkish micromobility market at a robust CAGR of 64.5% during the forecast period (2021–2030). According to P&S Intelligence, the market generated revenue of $92.8 million in 2020, and it is expected to reach $14,711.1 million by 2030. Moreover, the market is witnessing a trend of surging adoption of e-scooters in the country. Turkey Micromobility Market Outlook by P&S Intelligence One of the prime factors aiding the Turkish micromobility industry is the rising need for maintaining a green environment. Environmental pollution is one of the major issues in the country. Air pollution level is above the guidelines of the World Health Organization (WHO), which leads to deadly diseases. Micromobility is helping in minim

Europe Heavy Ground Transportation Vehicles Market Projected to Garner Significant Revenue

- April 06, 2022

In 2021, the Western European heavy ground transportation vehicles market valued $155.4 billion, which is expected to increase to $271.5 billion by 2030, at a 6.4% CAGR. A lot of people from bordering countries come to France to explore its iconic monuments, taste its fine wines, wander in its beautiful countryside, and partake in its haute cuisine, thereby driving the demand for transit buses in Western Europe at a high rate. Although the bus market in the region is small presently, it offers lucrative opportunities to OEMs, component providers, and aftermarket firms, especially with the advent of autonomous and electric buses. Hence, seeing the potential increase in the demand for buses and trucks in Central and Western Europe, automakers have started launching new models with advanced technologies, to suit various industrial and commercial purposes. On the other hand, the Central European heavy ground transportation vehicles market revenue is predicted to witness a CAGR of 5.0%, to

Electric Aircraft Demand To Boom in North America in Future!

- February 17, 2022

With the surging air pollution levels and rising carbon emissions, the governments of many countries are focusing on promoting the adoption of electric aircrafts . Moreover, the increasing implementation of regulatory environment regulations and carbon emission policies in several countries is also fueling the demand for electric aircrafts. For instance, Norway is aiming to deploy aircrafts powered by electricity in order to mitigate the emission of greenhouse gases by 2040. In addition, the Government of Norway wants aircraft manufacturing companies to manufacture a 30-seat airliner powered by electric motors, that can be officially launched by 2025. Similarly, a JetBlue Airways, Zunum Aero, and Boeing Co. backed startup announced in May 2018 that it intends to launch its first hybrid-electric plane by 2022. Furthermore, the rising number of airline passengers is also positively impacting the worldwide requirement for aircrafts that are easier to maneuver, safer, and create less noise

Latest Innovation in Automotive Air-Conditioning Filter Market

- February 10, 2022

Organisation Internationale des Constructeurs d'Automobiles (OICA) estimates that 55,834,456 units and 21,787,126 units of cars and commercial vehicles, respectively, were manufactured across the world in 2020. As the sales of air conditioner filters are directly proportional to automobile production, a surge in it will create a huge requirement for them in the coming years. Moreover, the rising customer need for comfort in vehicles will fuel the integration of AC systems in automobiles. Additionally, the surging implementation and awareness of safety and health regulations will facilitate the automotive air-conditioning filter market growth in the years to come. Such filters clean the air inside automobiles and prevent the entry of pollutants, such as mold spores, dust, smog, and pollen, into the cabin. With the mounting air pollution levels, automobile manufacturers are increasingly incorporating air-conditioning filters in their passenger cars, heavy commercial vehicles (HCVs),

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