Automotive Business Point

In the transport sector, efforts are being stepped up to encourage and impel people to adopt clean mobility. This is the primary reason for the growth of the electric scooter and motorcycle market , which is projected to reach $13,864.0 million by 2025, at a 7.3% CAGR during 2018–2025 (forecast period). Being propelled only by an electric motor and battery, instead of an internal combustion engine, burning gasoline or diesel, such two-wheelers release no harmful gases into the environment, which is why governments around the world are pushing for their usage. Between motorcycles and scooters, the latter account for higher uptake, as they are more cost-effective than the former, and a wide range of scooter models are available around the world. In addition, electric mopeds and scooters are vastly popular among women in Asia-Pacific (APAC), who are increasingly using them for daily chores, such as grocery shopping and dropping and picking up children from schools, and also for commu...

The major factors behind the India automotive human machine interface (HMI) market growth are rising sales of passenger car, increasing in-vehicle connectivity, and growing demand for comfort and in-vehicle safety features. The market generated a revenue of $466.9 million in 2017, and it is predicted to reach $1.0 billion by 2023, witnessing a CAGR of 14.1% during the forecast period 2018–2023, according to P&S Intelligence. Automotive HMI includes multiple system that permits drivers to interact with their vehicles. It works with the human touch, voice commands, and body language. Benefits associated with multimodal HMI, such as better recognition and faster interaction, are expected to increase their penetration in passenger cars. Further based on end-use, the Indian automotive HMI market is categorized into economy, medium, and premium cars. Due to the rising HMI deployment in medium car category, these cars held the largest sales volume share in the market and is forecasted to...

The global kick scooter sharing market share registered revenue of $143.4 million in 2018, and it is projected to reach $4,090.5 million by 2025, at a CAGR of 51.3% during the forecast period (2019–2025). Among the different models, the first and last-mile category held the larger share in the market in 2018, and it is forecast to remain the larger category during the forecast period, owing to its idealness to travel shorter distances. Kick Scooter market Demand The inflow of heavy investments is a key trend being witnessed in the kick scooter sharing market. Major players, along with the numerous start-up companies in the industry, are receiving hefty investments from several venture capitalists, equaling over $2.2 billion till date. For instance, in 2018, European investors, Index Ventures and Atomico, massively funded two of the top U.S. electric kick scooter sharing companies, namely Bird Rides Inc. and Neutron Holdings Inc. (Lime), respectively. Request to Get the Sample Report@ ...

In 2019, the Indian electric rickshaw battery market reached a value of $385.0 million and is expected to reach $722.3 million in 2024, advancing at a 13.2% CAGR during the forecast period (2020–2024). Furthermore, 4,290.9 thousand units of electric rickshaw batteries were sold in 2019 in the country. In terms of vehicle, the load carrier division is projected to grow at a faster pace during the forecast period because of the growth of the e-commerce and low total cost of ownership of load carriers. The passenger carrier division held the larger share of the Indian electric rickshaw battery market during the historical period (2014–2019), due to the greater usage of these vehicles among commuters. This mode of transportation is preferred by commuters because of its lower travel cost. In addition to this, the rising demand for public transport for last-mile connectivity and large passenger base in the country are also contributing to the division’s growth. On the basis of ...

While vehicles have become somewhat of a mainstream technology, their increased adoption has also caused severe problems. One of the major concerns today is the rising number of road traffic crashes all across the globe, including the U.S. For example, over 38,000 people are killed every day in the U.S. due to road crashes and about 4.4 million are injured severely enough to need medical attention. The traffic fatality rate in the U.S. is 12.4 deaths per 100,000 inhabitants. In addition to this, road crashes in the U.S. cost over $380 million in direct medical costs. Download sample copy of this report@  https://www.psmarketresearch.com/market-analysis/us-connected-car-market/report-sample Because of these attributes, the U.S. connected car ma U.S. connected car market rket is expected to generate revenue of $37,350.1 million by 2023, increasing from $12,354.8 million in 2017, witnessing a 20.8% CAGR during the forecast period (2018–2023). Different products and services are o...

The major factors helping the ride-hailing market progress are the need for a convenient mobility option, concerns for the environment, urban congestion, and supportive government initiatives. Such services generated $50.4 billion in 2018, and this revenue is expected to reach $120.2 billion in 2024, at a 13.0% CAGR during 2019-2024 (forecast period). Ride-hailing refers to transportation services provided by mobility companies via their mobile apps. After booking the ride to their desired destination, commuters are sent a car with a designated driver. Get a sample copy of the market analysis:   https://www.psmarketresearch.com/market-analysis/ride-hailing-market/report-sample Based on vehicle type, the ride-hailing market is categorized into luxury, executive, and economy. Among these, the economy category was the largest in 2018 and is expected to stay the largest throughout the forecast period. This is because the number of economy cars in sharing fleets is higher than luxury or...

Due to the increase in the average age of vehicles, the demand for replacement components is expected to surge in the coming years, especially in emerging economies, such as those in Asia-Pacific (APAC) and Latin America, Middle East, and Africa (LAMEA). For instance, the average age of the vehicles is predicted to increase from four years to six years in China from 2010 to 2020, mainly due to huge improvements in the quality of the automobiles being manufactured, which is itself a result of the rapid adoption of advanced products. The other major factors pushing the demand for automotive parts across the world are the burgeoning demand for electric vehicles, on account of the increasing implementation of government policies and regulations promoting the adoption of eco-friendly modes of transportation. Moreover, there has been a huge rise in green consciousness throughout the world since the last few years, which is boosting the popularity of electric vehicles. Fuelled by the above fa...

The soaring number of government incentives and subsidies aimed at promoting the adoption of electric bikes (e-bikes) is one of the major growth drivers for the demand for e-bikes across the world. For instance, the Swedish government announced a subsidy of 25% per e-bike to all the citizens of the country for up to the next three years, in 2018, which in turn increased the sales of e-bikes in the country from over 67,000 units to more than 100,000 units from 2017 to 2018 respectively.  The other major factor pushing the demand for e-bikes across the globe is the increasing need for green-energy powered vehicles owing to the rising pollution level in several countries. In countries like the Netherlands, Germany, Japan, and Belgium, there has been a massive rise in the adoption of pedal-assist electric bikes and other low-speed electric vehicles, by people for commuting purposes. Moreover, the surging geriatric population level in many countries is also causing the people to shift ...

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 governmen...

In 2018, the global automotive lithium-ion battery market reached a value of $24.2 billion and is predicted to attain $74.3 billion in 2024, advancing at a 15.9% CAGR during the forecast period (2019–2024). The market is growing due to the falling cost of battery and its components and rising electric vehicle production and demand. A rechargeable battery which comprises a positive and negative electrode that are contacted by a chemical called the electrolyte is referred to as lithium-ion battery. Lithium-ion is allowed to exchange between electrodes because they are separated by a separator. In terms of battery type, the automotive lithium-ion battery market is divided into lithium iron phosphate (LFP), lithium nickel cobalt aluminum oxide (NCA), lithium titanate oxide (LTO), lithium manganese oxide (LMO), and lithium nickel manganese cobalt (NMC).  Among these, the LFP battery type contributed the largest revenue share to the market during the historical period (2014–2018), as t...