Automotive&TransportationWorld

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...

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 ...