Automotive Business Point

The increasing concerns being raised by several environmental agencies and local governments over the rapid deterioration of air quality are driving the demand for electric buses in the U.S. As vehicular emissions contribute heavily toward the escalating air pollution levels, the degradation of the environment is propelling the deployment of electric buses in the country. Presently, conventional diesel-powered buses are a major part of the public transportation system, but they contribute massively toward the soaring greenhouse gas emissions.  Moreover, the enactment of strict environmental regulations is also positively impacting the deployment of these buses in the country.  Besides these factors, the falling prices of lithium-ion batteries are also supporting the expansion of the U.S. electric bus market, which will witness a surge in its revenue from $490.6 million in 2021 to $1,924.8 million by 2026. According to the estimates of the market research company, P&S Intelligence,

The World Health Organization (WHO) estimates that nearly 1.3 million human lives are lost due to road traffic crashes worldwide. To reduce the incidences of road accidents and related deaths, the WHO has initiated a package of six strategies — Save LIVES. The components of this initiative are speed management, leadership, infrastructure design, vehicle safety standards, enforcement of traffic laws, and survival after a crash. The vehicle safety standards of this initiative mandate the installation of seat belts, child restraint anchorage points, anti-lock braking devices, and electronic stability control. Thus, the increasing global concerns regarding the high prevalence of road accident fatalities will help the automotive safety system market prosper during 2020–2030. Apart from the international organizations, governments of various countries are also mandating the incorporation of vehicle safety features in passenger cars and commercial vehicles to reduce road accident cases. In th

With the burgeoning requirement for greater fuel efficiency, many automobile manufacturers are focusing on developing lightweight vehicles. Additionally, lightweight automobiles have better braking and acceleration and are easier to handle than heavier vehicles. Moreover, the weight of the amount of aluminum needed for providing the same strength as that of steel is 40% lesser than steel. Furthermore, the implementation of stringent emission regulations in several countries is also pushing up the requirement for lightweight vehicles, as these vehicles generate lower emissions. This is, in turn, driving the demand for aluminum in the automotive industry .  Besides, 90% of the aluminum used in vehicles can be easily recycled. Owing to these factors, the global automotive aluminum market is exhibiting huge expansion. Currently, the industry is highly fragmented, with the presence of a large number of small organizations such as Alcoa Corporation, Norsk Hydro ASA, Aluminum Corporation of C

Organisation Internationale des Constructeurs d'Automobiles (OICA) estimates that 55,834,456 units and 21,787,126 units of cars and commercial vehicles, respectively, were manufactured across the world in 2020. As the sales of air conditioner filters are directly proportional to automobile production, a surge in it will create a huge requirement for them in the coming years. Moreover, the rising customer need for comfort in vehicles will fuel the integration of AC systems in automobiles . Additionally, the surging implementation and awareness of safety and health regulations will facilitate the automotive air-conditioning filter market growth in the years to come. Such filters clean the air inside automobiles and prevent the entry of pollutants, such as mold spores, dust, smog, and pollen, into the cabin. With the mounting air pollution levels, automobile manufacturers are increasingly incorporating air-conditioning filters in their passenger cars, heavy commercial vehicles (HCVs),