Automotive&TransportationWorld

According to the market research report published by P&S Intelligence, Indian electric car market is projected to reach $707.4 million by 2025. The market is predominantly driven by the government schemes, growing environmental concerns, and falling battery prices. Several incentives, such as tax rebates, grants, and subsidies, have been launched by the central and state governments in order to increase electric car adoption in the country . Government schemes and subsidies are playing a major role in the growth of the Indian electric car market. The urban population has increased rapidly over the past decade, resulting in rise in pollution levels. To curb this issue, the Indian government is encouraging and supporting the adoption of electric cars through its several financial schemes and incentives. Several policies related to electric vehicle (EV) have been announced by the public authorities of India over the past few years indicating substantial action and ambition for the ado...

The penetration of electric vehicles has been increasing rapidly across the globe, as more people are realizing the benefits of these vehicles. The greenhouse gas emissions form vehicles are among the major factors which have led to the severe deterioration of the air quality. In addition, the efficiency and range of electric vehicles has improved significantly on account of technological advancements, which is why people are adopting these vehicles increasingly. Because of this rising utilization of electric vehicles, the demand for related infrastructure, such as electric vehicle supply equipment (EVSE), has also been increasing.  Governments of different countries are also increasingly focusing on installing adequate charging infrastructure in order to deal with the range anxiety issue among electric vehicle owners. For example, California’s Executive Order in the U.S. includes the proposal for investing $900 million to deploy 250,000 charging points by 2025. Similarly, the gove...

According to the market research report published by P&S Intelligence, the German fully autonomous vehicle market is expected to reach $28.0 billion by 2030, advancing at a CAGR of 20.2% during 2023–2030. Increasing government support toward the development of autonomous vehicles and the rising need for safer and more efficient driving options are the major factors boosting the growth of the German autonomous vehicle market. Request to get the sample pages of the report: https://www.psmarketresearch.com/market-analysis/germany-autonomous-vehicles-market/report-sample Germany is the first country in the world to authorize semi- and fully autonomous driving systems. In December 2016, the German government publicized its objectives to develop autonomous driving infrastructure in the country. Moreover, the growing government support in the form of subsidies, grants, and other assistance is propelling the growth of the German autonomous vehicle market . On the basis of vehicle autonomy,...

According to a report by P&S Intelligence, the global e-commerce in automotive aftermarket is predicted to generate a revenue of $292.6 billion by 2030, and is expected to witness a robust growth, of 23.3% CAGR, during the time period 2020–2030. This is due to the rising customer awareness regarding several vehicles parts and their specifications and convenience, growth of the overall automotive aftermarket, increasing number of do-it-yourself (DIY) customers, growth in average age of vehicles, and surging number of road accidents. On the basis of channel, the  e-commerce in automotive aftermarket  is divided into direct-to-consumer and third-party retailer, between which, the latter division held the larger share of the market during 2014–2019 and is predicted to account for the highest revenue share in the coming years as well. This can ascribed to the increasing penetration of aftermarket sales operations by e-tailing companies, such as eBay Inc., Amazon.com Inc., and A...

One of the biggest factors responsible for the growing adoption of electric three-wheelers in the Asia-Pacific (APAC) region is the rising number of government policies and incentives in the form of tax rebates and subsidies, encouraging the adoption of electric vehicles in several countries in the region. For instance, according to the Faster Adoption and Manufacturing of (Hybrid &) and Electric Vehicles (FAME) in India, the government is offering subsidies in the range of $370–$900 on the purchase of electric vehicles in the country. Download sample copy of this report@  https://www.psmarketresearch.com/market-analysis/apac-electric-three-wheeler-market/report-sample Driven by the above-mentioned factors, the Asia-Pacific (APAC) electric three-wheeler market is expected to register a CAGR of 4.1% during 2018–2023 (forecast period) and generate revenue of $11,935.1 million by 2023. There are mainly two types of electric three-wheelers — load carriers and passenger carrier...

One of the major factors responsible for the rising  demand for automotive regenerative braking systems  (RBS) is the soaring number of strict regulations being enacted by the governments of several countries for reducing greenhouse gas (GHG) emissions by vehicles. For instance, the European Union (EU) passed a regulation in 2015 about maintaining a decarbonized transport system in Europe. The regulation is aimed at reducing the carbon dioxide emission to 147 grams per kilometer for all commercial vehicles and 95 grams per kilometer for all passenger cars until 2020 and 2021, respectively. In the U.S., the Environmental Protection Agency (EPA) started a program called ‘Tier 3’ for limiting the carbon emission by vehicles in the country. The automotive regenerative braking system has the capability to reduce the emission rate of vehicles and therefore, this technology is being increasingly adopted by the automobile manufacturers in many countries. As a result, the value of the ...

One of the biggest factors responsible for the surge in the demand for electric vehicle components in India is the increasing sales of electric vehicles in the country. According to various reports and surveys, there were sales of 447.7 thousand electric three-wheelers, 2,000 electric passenger cars, and 32.4 thousand electric two-wheelers in India in 2019. The main factors fuelling the ballooning sales of electric vehicles in the country are the presence of favorable government policies and the declining air quality in the country, due to the pollution caused by the fossil-fuel powered vehicles. There has been a massive rise in carbon emissions in India over the last few years, owing to the large-scale usage of the fossil-fuel powered vehicles (nearly 40% of the total emissions are being caused by the transport sector) and this has led to the enactment of strict emission control laws in the country by the government. As per the Under the Faster Adoption and Manufacturing of (Hybrid ...

As the concerns regarding pollution around the globe are surging, governments of several countries are focusing on solutions which may help to deal with the deal with the situation. One of the ways to curb pollution levels is the adoption of electric vehicles. Along with encouraging the adoption of electric vehicles for personal use, governments are also trying to electrify the public transport fleets of their countries. Owing to this, the demand for electric buses in the U.S. is growing rapidly. In the government sector, buses are utilized for military, transit services, and public transport along with several other purposes. The U.S. government is trying to deploy as many electric buses as possible in the transportation system of the country. For example, transit operators in Los Angeles and Seattle have committed to convert the entire traditional bus fleets to electric buses. Electric vehicles however cannot function properly if adequate charging infrastructure is not available, be...

The travel and tourism industry across the globe has been registering significant growth over the past few years. As per the World Travel and Tourism Council, the global travel & tourism industry registered a growth of 3.9% in 2018, as compared to the previous years. Since the disposable income of people has been increasing in both developed and developing countries, they are becoming more inclined towards spending on leisure activities such as travelling. Transportation is an important part of the travel & tourism industry, which is why several hotels provide scooter and car rental services so that the guests can indulge in sightseeing activities with ease. Attributed to this, the demand for car rental services is rising swiftly. According to a P&S Intelligence report, the global car rental market is predicted to generate a revenue of $122.6 billion by 2024, rising from $78.7 billion in 2018, advancing at a 7.9% CAGR during the forecast period (2019–2024). Car rental serv...

The value of the  U.S. electric truck market  is expected to rise from $211.5 million to $30,335.3 million from 2019 to 2030. The market is predicted to advance at a CAGR of 58.2%  during the forecast period (2020—2030).  Electric trucks are of three types, namely heavy-duty truck (HDT), light-duty truck (LDT), and medium-duty truck (MDT). Out of these, the LDTs are predicted to be the most in demand in the coming years. Companies in the domain are targeting fleet owners, who are focusing on reducing their operational expenditure, and are offering them electric variants of pickup trucks. These trucks have different ranges— 0–150 miles, 151–250 miles, 251–500 miles, and >500 miles. Electric trucks in the range of 151–250 miles were the most in demand in 2019, as the preference of class I and II trucks is high.  Request to Get the Sample Report @  https://www.psmarketresearch.com/market-analysis/us-electric-truck-market/report-sample In additi...

It is true that the advent of vehicles and numerous advancements in the automobile industry has had countless positive effects, but vehicles these days are also causing a number of problems. As the disposable income of people has increased in various countries, owing a car stopped being a luxury since more than a decade. This has resulted in an alarmingly high number of vehicles on the roads, which further causes road congestion. Unorganized and inadequate parking spaces are also among factors which cause road congestion. As per industry experts, about 30.0% of the traffic congestion is on account of search for parking spaces.  People violating parking rules and parking their vehicles incorrectly further add to this problem. Because of all these factors, the demand for smart parking systems is growing rapidly. Smart parking basically refers to solutions such as smart parking sensors, counting sensors, or cameras, which are embedded into parking spots in order to detect whether a pa...

Due to the increasing urban population and rising road traffic in many cities, the demand for urban air mobility solutions is increasing at a rapid rate across the world. In many cities around the world, there has been a massive surge in road congestion over the last few years and this has significantly affected the economic activities in the cities. For instance, in the U.S., the average time spent by people in traffic jams each year is 90 hours, which massively increases their commuting expenditure by more than $1,000. The other major factor responsible for the increasing demand for urban air mobility solutions is the rising incidence of road accidents throughout the world, especially in the developing nations such as India, China, and Indonesia because of the soaring population levels in these countries. Powered by these factors, the global urban air mobility (UAM) market is predicted to exhibit a CAGR of 33.9% during the forecast period (2023–2030). At this, the value of the mark...

Growing Vehicle Demand is Driving Automotive Window and Sealing Systems Market. The global automotive window and sealing systems market is expected to surpass $38.7 billion by 2025, witnessing a CAGR of 7.6% during 2018–2025.   The global automotive window and sealing systems market is forecasted to reach $38.7 billion by 2025, registering a CAGR of 7.6% during the forecast period. The market has witnessed significant growth in recent years, owing to factors such as growth in the vehicle market and efforts made by automotive OEMs toward increasing the fuel economy of vehicles through the use of modified polymers. On the basis of component, the automotive window and sealing systems market is categorized into glass run channel, waist belt seal, roof ditch molding, hood seal, trunk seal, front windshield seal, door seal, rear windshield seal, sunroof seal, encapsulated glass, corner molding, and end cap. Of these, glass run channel dominated the market in 2017, accounting for arou...

One of the major factors fuelling the rising integration for airborne detection systems, for submarines, is the soaring defense budget of many countries across the world. Several nations are increasingly focusing on modernizing their defense programs, thus leading to the purchase of advanced defense equipment, such as arms, lethal systems, and various other kinds of weapons and weapons systems. For instance, for the fiscal year (FY) 2018, the U.S. Department of Defense asked the government for a budget worth $639.1 billion, out of which 27.0% was reserved for the U.S. Marine Corps. The other important factor pushing the integration of airborne submarine detection systems is the rising number of conflicts amongst several countries sharing sea borders with each other. Due to these factors, the revenue generated from the worldwide sales of airborne detection systems (for use in submarines) is expected to increase from $611.8 million in 2017 to $930.9 million by 2023. The global airborne d...