Automotive&TransportationWorld

The global used car market is predicted to reach 275.3 million units by 2030, from 115.2 million units, and is projected to advance at an 8.7% CAGR during the forecast period (2020–2030), as per a report by P&S Intelligence. The market is registering growth due to the expanding organized sector, rapid shift towards online mediums, and high rate of depreciation and reduction in average age of ownership. When sector is considered, the market is bifurcated into organized and unorganized. Between these two, the unorganized bifurcation held the major share of the used car market in 2019 because of the high share of these players in emerging markets, such as Thailand, India, China, Mexico, and Brazil. In addition to this, the weak regulations regarding used car purchase and sale, emerging economies are predicted to register dominance by organized players in the years to come. The organized bifurcation is projected to witness the faster growth during the forecast period, owing t...

 The automotive industry is under immense pressure to reduce carbon footprints, as the excessive usage of fossil fuels for powering up vehicles has had a negative effect on the environment. Air pollution levels all across the globe, including India are surging and the situation doesn’t seem to get better. India is one of the bottom five nations in the environmental health category. The country ranked 178 out of 180 in terms of air quality as per the Environmental Pollution Index. Owing to these factors, the need for coming up with solutions that help in curbing air pollution levels is surging in India. This, in turn, is resulting in the growth of the Indian electric car market . The emissions generated from conventional ICE vehicles has led to global warming and the depletion of the ozone layer. The use of electric cars however, instead of ICE cars, can significantly aid in reducing air pollution and at the very best won’t result in as much pollution as ICE vehicles. The Indian ele...

Due to the soaring number of strict vehicular emission laws in several countries, the demand for start–stop technology and systems is predicted to skyrocket over the next few years. The Environmental Protection Agency (EPA) in North America has introduced strict emission norms for light trucks and cars in 2016. As per the EPA, the emissions from a passenger car are not permitted to exceed 225.0 grams per mile (g/mi). The other major factor boosting the adoption of start–stop systems is the rising need for fuel-efficient vehicles across the globe. The maximum permissible combined fuel economy for trucks and cars in North America was recorded to be 35.5 miles per gallon (mpg) in 2016, and this number is targeted to rise to 54.5 mpg by 2025. Similarly, owing to the government regulations in Europe, the average level of emissions from new cars decreased by 160 grams per kilometer (g/km) from 2006 to 2012. Request to Get the Sample Report@  https://www.psmarketresearch.com/market-analys...

  What helps a vehicle move smoothly on the road? It is not the engine, the shock absorbers, or the tightly welded/bolted metal frame; it is actually the humble tire! With continuous driving, the tire experiences significant wear and tear, just like any other component of an automobile. Another reason for the high demand for these components is the rising average age of vehicles. With automobiles being used for longer periods than before, the tire replacement rate is also going up. For instance, in the U.S., an automobile was driven for around 10.2 years on an average in 2010, but by 2018, the average age of vehicles had risen to 11.5 years. The key reasons behind this has been the fierce competition in the auto sector, which is impelling vehicle manufacturers to offer better and more-durable automobiles to customers. In addition, several stringent government regulations have also been implemented in this regard in the country. Owing to all these factors, the U.S. automotive tire m...

The adoption of electric vehicles in Asia-Pacific (APAC), particularly in countries including India and China, has increased considerably over the past few years. This can be primarily be attributed to the increasing awareness among people regarding the swift deterioration of the environment. In addition to this, governments of different countries are also trying to encourage the adoption of electric vehicles for keeping the air quality in check and reducing the surging air pollution levels. Governments are providing incentives such as subsidies, tax rebates, and grants on the purchase of electric vehicles in the APAC region. It is because of all these reason that the adoption of low-speed electric vehicles has risen substantially in APAC. According to a report by P&S Intelligence, the APAC low speed electric vehicle market is predicted to attain 71.8 million units by 2025, advancing at a 6.6% during the forecast period (2018–2025). LSEVs are of three types, namely f...

The air pollution levels in India have risen rapidly over the past few years. As per the Environmental Pollution Index 2018, the country is among the bottom five countries when environment health category is considered and ranked 178 out of 180, in terms of air quality. India’s carbon dioxide emissions rose by 4.6% in 2017. This surging emissions of ultra-fine particulate matter from fuel-based vehicles has caused the death of approximately 1,640,000 people in the country. In order to reduce the pollution, the government of the country is focusing on encouraging the utilization of electric vehicles. Owing to these factors, the demand for electric cars in India has risen considerably. According to a report by P&S Intelligence, the Indian electric car market is expected to generate a revenue of $707.4 million by 2025, rising from $71.1 million in 2017, and is projected to progress at a 34.5% CAGR during the forecast period (2018–2025). The different types of electric cars are hybr...

The Indian electric rickshaw motor and controller market is projected to reach $86 million by 2024, with revenue generation of $59.8 million from the motor domain and of $26.2 million from the controller domain, the market is primarily driven by the growth in the electric rickshaw market in the country and the increasing average age of these vehicles. During the forecast period, the Indian electric rickshaw market is expected to advance with a CAGR of over 15% in terms of sales volume, further propelling the demand for motors and controllers in the country. However, since the GST rollout, the market for electric rickshaws in the country has consolidated. Owing to this, unorganized players in the market have been largely hit by high costs. As a result, consumers have started preferring more reliable products offered by established MNCs and Indian manufacturers. This has further boosted the demand for motors and controllers used in these vehicles. Additionally, with the growin...

 Due to rapid technological advancements, the implementation of strict safety regulations and policies regarding vehicles by the governments of several countries, and the superior detection ability of LiDAR (light detection and ranging), the global automotive LiDAR market is predicted to register huge growth in the coming years. Many public and private organizations are making huge investments in the development of LiDAR sensors, on account of excellent performance of these sensors in various automotive applications. Similarly, in the U.S., the National Highway Traffic Safety Administration (NHTSA), proposed in 2018 that the vehicles should be equipped with automatic emergency braking features. These safety features and systems are heavily dependent on LiDAR sensors for functioning. As a result, the increasing enactment of such safety policies is positively impacting the sales of LiDAR sensors. The deployment of level 4 and level 5 autonomous cars will offer growth opportunit...

The thriving e-commerce industry is one of the major factors fuelling the soaring adoption of on-demand logistics solutions all over the world. The share of global e-commerce sales increased by almost 15% from 2017 to 2018. Moreover, the share of the total sales in the global e-commerce industry was found to be nearly 14% of all the retail sales across the world. Furthermore, it is expected that that the e-commerce sales will account for approximately 17% of all the retail sales around the world 2021. Due to the above-mentioned reasons, the value of the global on-demand logistics market is predicted to increase from $9.1 billion to more than $75.0 billion from 2019 to 2030. The market is predicted to progress at a CAGR of 21.1% during the forecast period (2020—2030). On-demand logistics solutions are widely adopted in peer to peer delivery, moving and shifting, industrial, and e-commerce applications across the globe. Out of these, the adoption of on-demand logistics services and solu...

The adoption of autonomous cars has increased tremendously in Europe over the last few years and is predicted to rise even more in the coming years. The main reason promoting the deployment of autonomous cars in this region is the presence of favorable laws for the adoption of autonomous cars in many European countries. The policies pertaining to the intellectual property, product liability, corporate /M&A transactions, and cybersecurity in several European countries are very favorable for the development and sales of autonomous cars. The regulatory policy recently implemented in Spain is the biggest example of such favorable policies related to autonomous vehicles. The Directorate General of Traffic (DGT) collaborated with Mobileye in 2017 for preparing an infrastructure ecosystem and favorable regulatory policy in the country for autonomous vehicles. The DGT encourages the adoption of all autonomous cars up to level 5 in the country. Similarly, in Germany, the Road Traffic Act ...

  As per a report by P&S Intelligence, the global internet of things (IoT) in logistics market is projected to advance robustly at a 13.2% CAGR during the forecast period (2020–2030). The market attained a value of $34,504.8 million in 2019, which is predicted to rise to $100,984.5 million by 2030. The growth of the domain is dependent upon the expansion of the e-commerce industry across the globe and rising demand for increased efficiency in logistics operations. Considering mode of transport, the market is categorized into waterway, roadway, airway, and railway. Out of these, the roadway category held the largest share of the   IoT in logistics market  in the past, and the category is also predicted to dominate the market during the forecast period. This is owing to the fact that about 80% of the total logistics activities in the U.S., which is a major revenue generator for the industry, are carried out through roadways. In addition to this, 88% of the total logisti...

According to a report by P&S Intelligence, the global connected car market reached a value of $72,499.2 million in 2019, and it is projected to attain a value of $198,459.7 million by 2025, progressing at a 24.1% CAGR during the forecast period (2020–2025). The growing demand for improved driving experience, introduction of IoT in the automotive industry, and surging concerns regarding safety and security are the key factors resulting in the expansion of the market across the globe. In terms of services, the connected car market is categorized into fleet management, mobility management, driver assistance, vehicle safety, and entertainment, out of which, the driver assistance category held the major share of the market in 2019. The supportive government initiatives in several countries, increasing safety concerns among people, and rising adoption of ADAS features are the reasons for the growth of the category. In addition to this, the installation of basic ADAS features in new ve...

  The automotive industry has been witnessing a robust growth all across the globe, which can primarily be attributed to the rapid economic growth in developing countries, rising disposable income of people, and emergence of electric vehicles in the market. Because of all these factors, the production capacity of automobile industries has risen significantly. During the time period, 2005–2019, approximately 91.3 million motor vehicles sold worldwide, and the global automotive industry is predicted to generate a revenue of nearly $9 trillion by 2030. Moreover, about 92 million motor vehicles were produced around the world. Ascribed to these factors, the automotive fuel injection system market is expected to advance at a substantial pace in the coming years. among heavy commercial vehicles, light commercial vehicles (LCV), and passenger cars, the largest demand for fuel injection systems in the past was created for passenger cars. This is due to the growing disposable income of peop...