Automotive Business Point

The need for increasing safety and security of vehicles, for the sake of both drivers and pedestrians, is increasing day by day all over the globe, including the U.S. As per the Association of Safe International Road Travel, over 38,000 people die in crashes every day on roadways in the U.S. In addition to this, about 4.4 million people are injured enough to need medical intervention. The country suffers from 50% more road crash deaths among all high-income countries, which further increases the cost of dealing with these situations. Because of these factors, the auto manufacturers are increasingly involved in coming up with advanced solutions that can increase the safety of vehicles.  Request to Get the Sample Report One such solution is the integration of advanced driver assistance systems (ADAS) in cars. ADAS is utilized for describing the different safety features that are being integrated in vehicles to enhance driving experience by decreasing the severity and number of vehicl...

The increasing adoption of fuel-efficient vehicles will raise the application of the start–stop technology in the automotive industry. The urgent need to clean up the environment has put the spotlight on the start–stop technology to curtail the emissions of sulfur dioxide and carbon monoxide. The demand for low-emission automobiles and stringent government regulations will enhance the demand for the technology in the future. The technology assists in cutting down fuel consumption and emissions by automatically shutting down and restarting the internal combustion engine (ICE) of vehicles, to shorten the amount of time the engine spends idling. Request to Get the Sample Report:  https://www.psmarketresearch.com/market-analysis/start-stop-technology-market/report-sample With the rising concerns regarding the increasing amount of greenhouse gases in the atmosphere, automobile manufacturers are deploying the start–stop technology to produce fuel-efficient and eco-friendly vehicles. This...

The focus towards electric vehicles has risen significantly in the past few years, which can primarily be ascribed to the surging need for energy conservation, declining rate of fossil fuels, and increased negative impacts of carbon emissions on the environment. As people are becoming more regarding these factors, they have started looking for solutions which have less adverse effect on the environment. This, in turn, is compelling auto manufacturers to come up with mobility solutions that are eco-friendly, along with being cost-effective. All these factors are resulting in the growing demand for hybrid electric cars across the globe.  Request to Get the Sample Report Hybrid electric cars consist of an electric motor and an internal combustion engine (ICE). The battery pack in these cars are charged by regenerative braking and by the ICE. Since these cars function with both ICE and electric motors, their fuel efficiency is higher than cars that function solely on ICE. The populari...

Battery swapping significantly reduces the battery charging wait time of the electric vehicles (EVs) and are thus, being increasingly preferred by the users across the world. The wapping of batteries of an electric vehicle lowers the wait time of charging from at least 1.5 to 2 hours (time required for charging in the battery charging stations) to under three minutes (the time taken for battery swapping). In addition to this, the improving battery life of electric vehicles is further boosting the popularity of battery swapping all over the world. There are also other major factors which fuel the surge in the requirement of battery swapping such as the ability of the swapped batteries to enhance the performance of the EV and provide higher remunerative opportunities to the shared e-mobility service providers throughout the world. Moreover, the increasing adoption of EVs in several countries is massively pushing the demand for battery swapping . As a result, the global electric vehicle (...

With the surge in air pollution levels, the demand for electric buses is growing sharply in the U.S. According to various reports, the U.S. is the second-largest emitter of carbon in the world after China. As per the Environmental Protection Agency (EPA), the transportation sector accounted for 28% of the total emissions emitted in the country in 2018. Because of this reason, the sales of electric vehicles including electric buses are climbing in the country.  Apart from the aforementioned factor, the provision of government funding for augmenting the procurement of zero- and low-emission vehicles is also positively impacting the demand for electric buses in the country. For example, the Federal Transportation Administration (FTA) provided a funding of $85 million to as many as 50 state and local governments for facilitating the adoption of electric buses in their public transportation fleets. This funding was a part of the Low or No Emission Grant program. Request to Get the Sampl...

The last mile delivery market is expected to witness a CAGR of 20.3% during the forecast period (2020–2030) due to the surging use of omnichannel retailing and increasing penetration of the internet in developing countries, such as India, Indonesia, and Thailand. Moreover, the booming e-commerce industry due to the soaring trust among online customers, improving website experience, and rising comfort level for online shoppers will facilitate the market growth. Owing to these factors, the market value is projected to rise from$15.7 billion in 2019 to $117.9 billion by 2030. One of the key factors fueling the growth of the last mile delivery market is the increasing investments in last mile delivery startups by various venture capitalists, which is helping the former expand their business. For instance, in October 2018, Deliv, a U.S.-based company, received funding of $40 million. Similarly, in 2019, a Hong Kong-based on-demand logistics company, Lalamove, raised $300-million funding in...

Owing to the growing number of road accidents across the globe, including India, the demand for features which can enhance the safety and security features of vehicles is growing day by day. Attributed to this, automobile manufacturers are increasingly trying to develop new technologies in order to enhance the driving experience. These factors have led to the increasing penetration of connected and autonomous vehicles. Other than this, consumer are also creating requirement for in-vehicle digital systems and predictive maintenance, which is why vehicles are increasingly being converted into smart machines that are able to connect the driver with the outside world.  Request to Get the Sample Report:  https://www.psmarketresearch.com/market-analysis/india-automotive-hmi-market/report-sample In order to achieve this sort of flexibility in autonomous and connected cars, vehicles need to be integrated with innovative automotive human-machine interfaces (HMI). Almost all modern vehi...

The constant growth of the agriculture sector, high farm mechanization rate, and burgeoning on struction activities due to the rapid urbanization will drive the market for Indian tractor during the forecast period (2020–2030). Moreover, the rising investments by the major tractor manufacturers in the country willfacilitate the market growth. Nearly 70% of Indians are dependent on the agriculture sector for their livelihood. The production of food crops, fruits, and vegetables requires tractors for sowing and harvesting. Owing to the vast size of the farming sector, tractors will always be significant for India. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/india-tractor-market/report-sample Currently, the Indian tractor market is observing the trend of small tractors for agricultural practices. Small tractors are being utilized in large numbers for activities like mowing grass, hauling, and cleaning up the piles. This helps in enhancing the effici...

The North American electric scooters and motorcycles market generated a revenue of $164.7 million in 2020 and it is predicted to reach a valuation of $590.4 million by 2025. According to the forecast of the market research company, P&S Intelligence, the market will progress at a CAGR of 25.1% between 2021 and 2025. The growing popularity of electric scooter sharing fleets and the rising provision of tax credits on their adoption are the major factors driving the market advancement. As electric scooters and motorcycles contain fewer moving and vibrating parts, their maintenance requirements are very low. This massively reduces the demand for periodic maintenance and servicing that usually cost the owners of the conventionally used fossil fuel-powered vehicles a huge amount. Moreover, due to their lower maintenance requirements than traditional vehicles, they are increasingly being adopted by people who don’t have the time required for routine vehicle maintenance and servicing. ...

“By 2050, it is projected that India will have added 416 million urban dwellers.”, the United Nations (UN) had said in its 2018 World Urbanization Prospects report. With such an influx of people from rural areas into cities and the latter’s own increasing population, urban areas are becoming increasingly crowded. Cities like Mumbai, Delhi, and Bengaluru are already notorious for their alarming traffic congestion due to an increasing number of vehicles on the limited road area. Apart from merely causing road congestion, automobiles have also made these cities some of the most polluted in the world. A CNN report published in February 2020 had said that India is home to 21 out of the 30 most-polluted cities in the world. As a result of the dual problems caused by automobiles, P&S Intelligence expects the Indian shared mobility market revenue to increase to $3,952.8 million by 2025 from $1,025.8 million in 2019, at an explosive 56.8% CAGR between 2020 and 2025. Of the numerous shared ...

One of the major factors fuelling the rise in the requirement of automotive lithium-ion batteries is the increasing adoption of electric vehicles (EVs) all over the world. As per the International Energy Agency (IEA), the number of electric cars in the world increased from 2.0 million in 2017 to more than 5.1 million in 2018. Moreover, the utilization of electric vehicles is expected to further surge in the coming years, on account of the increasing pollution levels and massive fluctuations in oil prices across the world.  Request to Get the Sample Report The increasing number of incentives and financial benefits being provided on the purchase of electric vehicles by the governments of many countries in order to promote the adoption of these vehicles is another important factor pushing the demand for automotive lithium-ion batteries across the globe. Due to these factors, the revenue generated from the worldwide sales of automotive lithium-ion batteries is expected to increase from...

The Indian electric bus market had a valuation of $94.3 million in 2020 and it is predicted to advance at a CAGR of 48.8% between 2021 and 2025. According to the market research company, P&S Intelligence, the market will generate a revenue of $1,364.4 million by 2025. The key factors driving the advancement of the market are the increasing implementation of favorable government policies regarding electric bus deployment and the surging domestic manufacturing of electric buses in the country . Due to the rapid environmental degradation in the country, the government is enacting various policies and regulations aimed at encouraging the deployment of environment-friendly modes of transportation such as electric buses in the country. The Ministry of Heavy Industry and Public Enterprise announced the eligibility criteria for electric passenger vehicles, buses, and two- and three-wheelers to avail the various benefits sanctioned under the FAME (Faster Adoption and Manufacturing of (Hybri...

In the context of transportation, one phrase that is on everyone’s minds these days is ‘electric vehicle (EV)’. Such automobiles are being considered the future of traveling, as they are specifically designed to reduce the air pollution levels drastically. Therefore, to increase their penetration among the masses, governments across the globe are offering purchase subsidies, tax rebates, and financial incentives. For instance, the Indian government has made an investment of INR 10,000 crore under the FAME India II scheme to promote EVs. Thus, P&S Intelligence expects the electric scooter and motorcycle market value to rise to $10,529.7 million by 2025 from $5,913.9 million in 2019, at a high 14.4% CAGR between 2020 and 2025. Unlike several models of hybrid cars and buses, only pure-electric two-wheelers are available, which makes them, on average, more environment-friendly than other vehicles. Moreover, they are cost-effective, which is why government EV promotion schemes generally...

The mushrooming sales of autonomous and luxury vehicles and the growing requirement for advanced safety systems and features are the main factors boosting the demand for automotive camera modules across the world. In addition to this, the enactment of the New Car Assessment Program (NCAP) is further fueling the sales of automotive camera modules. Due to the growing incidence of road accidents, the governments of many countries are implementing strict regulations that mandate the incorporation of safety features in automobiles. Due to the above-mentioned reasons, the sales of automotive camera modules are rising rapidly, which is, in turn, driving the advancement of the global automotive camera module market. According to the estimates of the market research firm, P&S Intelligence, the market would register huge expansion from 2020 to 2030. The biggest application areas of these camera modules are park assist (PA), lane departure warning (LDW), blind spot detection (BSD), autonomou...

The global compressed natural gas (CNG) and liquefied petroleum gas (LPG) vehicle market attained sales of 56.2 million vehicles in 2019. According to the forecast of P&S Intelligence, a market research company, the market size will reach 102.3 million units by 2030. Furthermore, the market will progress at a CAGR of 5.9% between 2020 and 2030. The growing usage of clean-energy vehicles and the ability of LPG and CNG vehicles to replace traditional vehicles are the main market growth drivers. Request to Get the Sample Report Additionally, the low running costs of these vehicles are also contributing heavily toward the boom of the CNG and LPG vehicle market. Automobiles that run on LPG and CNG have lower running costs than the diesel and gasoline-based vehicles. This is because of the lower costs of LPG and CNG than diesel and gasoline. The cost of CNG ranges from around $1.50 to $2.80 per gallon in Europe, registering a reduction of as much as 40–75% in fuel cost. Depending on fuel...

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.  Request to Get the Sample Report 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 struct...