Automotive&TransportationWorld

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.  Electric Three-Wheeler Market Outlook The other major factor fuelling the rise in the demand for electric three-wheelers in the APAC region is the low ownership costs of the electric vehicles. The operational expenses associated with an electric three-wheeler are almost 6 times lesser than that of the vehicles running on diesel/gasoline, on account of the lower costs of the stored electric charge than the gasoline. Moreover, the maintenance cost...

Factors such as the advancements in lithium-ion (Li-ion) battery technology for electric vehicles (EV) and development of EV charging infrastructure will boost the electric vehicle battery market growth during the forecast period (2016–2022). Li-ion batteries are ideal for EVs and hybrid EVs (HEVs) as they offer high energy efficiency and long life to such vehicles. In addition, these batteries do not have any memory effects on these new-energy automobiles. In recent years, the usage of lithium–nickel–manganese–cobalt oxide (Li-NMC) batteries has become a major trend in the electric vehicle battery market. The rising adoption of these batteries can be owed to the burgeoning demand for a higher driving range in passenger cars from a single charge. Li–NMC batteries offer a higher driving range due to their greater energy density. Moreover, the booming demand for lightweight vehicles is also augmenting the demand for EV batteries worldwide. Request to Get the Sample Report: https://www.ps...

The global fuel cell electric vehicle market generated $3,059.5 million revenue in 2020. The market is being driven by the enactment of strict carbon emission regulations, such as those regarding fuel efficiency, by various governments and organizations, and the burgeoning requirement for environment-friendly vehicles, on account of the surging concerns being raised over the escalating carbon dioxide emissions all over the world. For example, the U.S. Environmental Protection Agency (EPA) is encouraging the adoption of fuel cell electric vehicles in order to reduce carbon dioxide emissions in the country. FCEV Industry Outlook - P&S Intellgience Furthermore, the European Union has announced recently that it aims to reduce vehicular emissions by 80% by 2050 from the levels reported in 1990. The organization would achieve this objective by promoting the use of green vehicles. Besides, the mushrooming deployment of electric vehicles in several countries is also driving the growth of ...

A number of factors such as the burgeoning demand for autonomous vehicles and the surging adoption of electric vehicles (EVs) will support the power liftgate market growth during the forecast period (2021–2030). According to P&S Intelligence, the market generated a revenue of $3,478.3 million in 2020. A power liftgate is a backdoor mechanism through which the drivers open or close the liftgate/tailgate by clicking a key on the dashboard or a handheld remote. Nowadays, automotive power liftgates are available with anti-trap and height memory functions. Power Liftgate Market Outlook One of the major growth drivers for the market is the escalating demand for autonomous vehicles, owing to the growing need for ease of driving and soaring concerns being raised over passenger and vehicle safety. Due to the increasing safety concerns, automakers are focusing on technological advancements to enhance road safety and also developing intelligent transportation systems, such as self-driving fe...

With the burgeoning requirement for freight safety and time-controlled deliveries, surge in global and domestic trade, and increasing adoption of smart technologies such as artificial intelligence (AI), big data analytical solutions, and internet of things (IoT), the demand for digital freight forwarding is rising sharply across the world. Big data analytics and other enterprise management suites (ERP) are used for handling many complex tasks and operations, thereby recuing the dependency on human work, which often leads to operation delays, miscalculations, and inefficiencies. Digital Freight Forwarding Market Outlook Moreover, with the growing demand for greater accuracy in product deliveries, shorter delivery time periods, and higher effectiveness of freight operations, the adoption of advanced technologies is surging in the industry. This is subsequently driving the growth of the global digital freight forwarding market. DHL International GmbH, J.B. Hunt Transport Services Inc., Sc...

As the spending power of people across the globe is increasing, the production of vehicles is rising as well. Now due to urbanization and economic growth, people in developed and developing countries are able to spend money on luxury items, such as cars. In addition to this, because of technological advancements, vehicles themselves have become more affordable. It is because of all these reasons that that the production of vehicles is growing worldwide. For example, approximately 92 million vehicles were produced globally in 2019. Among the major producers of cars, namely China, Germany, and Japan, China produced the largest number of cars, i.e. 21.3 million cars, in 2019.  Tire Mold Market Outlook There is no doubt about the fact that this growing production of vehicles is creating an increasing demand for different automobile components, including tires. This, in turn, is driving the demand for tire molds around the world. Under the tire molding process, raw rubber structure is s...

There are certain diseases or health issues that require immediate attention, especially those that hit vital organs such as the brain, heart, and lungs. Some such issues are acute stroke, sudden cardiac arrest, kidney or liver failure, and external or internal trauma that leads to hypovolemic shock (loss of more than 20% of the blood inside the body). In these cases, rushing the person to an emergency care setting is vital, as sometimes, it just takes minutes for the disorder or disease to lead to death. Air Ambulance Services Market Outlook Sometimes the issue is so severe that transporting the patient via roads, which are becoming increasingly congested, especially in developing countries, can cause more harm than benefit. As per P&S Intelligence, this will be a strong factor to take the air ambulance services market to $15.9 billion in 2030 from $8.9 billion in 2019, at a 5.4% CAGR between 2020 and 2030. This is because air transport is the fastest mode of transport: first, air...

Blockchain technology refers to a decentralized database that stores data in blocks that are chained together. The newly generated data is stored in a fresh block. After a block is filled with data, it is linked to the previous block, thereby enabling the storage of data in a chronological order. Since decentralized blockchains are immutable, data entered in blocks are reversible and cannot be accessed through unfair means, as it is extremely difficult to go back and alter the contents unless a consensus is attained among the majority. Automotive Blockchain Market Outlook Owing to the high security offered by the blockchain technology, it is being increasingly adopted by the automobile industry, as huge volumes of data are produced in this sector. Moreover, the real-time monitoring, scalability of information, and auditability offered by this technology will also strengthen the automotive blockchain market in the coming years. In recent years, the blockchain technology has become an in...

Automotive turbochargers are used to improve the power output and efficiency of an internal combustion engine (ICE) because it compresses exhaust air from the engine and dispense it to the combustion chamber. At present, turbocharging has become the standard for most diesel engines and some gasoline engines. Researchers across the world are still exploring new ways to improve the designs of turbochargers for reducing the manufacturing cost and enhancing the performance of this automobile component. Automotive Turbocharger Market As turbochargers help in increasing the fuel efficiency of vehicles, the rising implementation of stringent emission norms by governments across the world will augment the automotive turbocharger market growth during 2020–2030. For instance, Japan, the United States, and countries outside of Europe have drafted their emission policies on the pattern of Euro 6/ Euro VI norms and the associated mandates for low-sulfur and clean fuels. By adopting this emission st...