The electric car market is witnessing considerable expansion globally. Companies are shifting their focus towards the production and provision of electric vehicles (EVs), driven by increasing environmental consciousness among consumers, and stringent government regulations aimed at reducing carbon emissions. Various technological advancements related to EV battery capacities, charging time, and...
Discover more insightsThe light car trailer segment continues to see substantial growth, propelled by multiple factors. The increasing prevalence of road travel and a concomitant rise in the need for additional transport capacity are primary drivers of this sector. Moreover, technological advancements within the sector lead to further improvements in fuel efficiency...
Discover more insightsGrowth projections for the sector of electric utility vehicles are positive and robust. This dynamism is driven by a globally increasing focus on sustainability and the reduction of carbon footprints, leading to rising demands for cleaner, more efficient transportation methods. With enhancements in battery technologies, greater charging infrastructure, and declining...
Discover more insightsWith rapid changes in the two-wheeler industry, new trends are surfacing in brake and suspension components market. The demand for better safety equipment, particularly brakes, is growing due to the increase in traffic accidents. As safety becomes a dominant selling point, industry players are investing heavily in advanced technologies to...
Discover more insightsThe golf cart market has played a multifaceted role in bolstering the neighborhood electric vehicle (NEV) scene. This trend amplification can be attributed to an escalating demand for eco-friendly vehicles in golfing, tourism, and residential sectors. The inclusion of advanced features such as GPS systems and enhanced security measures have...
Discover more insightsAs of now, the commercial vehicle sector is shaped by a convergence of multiple factors. Rebounding economic outputs from the fallout of global events, improved inpidual purchasing power, and the resurgence of industrial sectors are driving increased demand for commercial vehicles globally. The rise in e-commerce and logistics, in addition...
Discover more insightsToday's automotive sector is witnessing a major shift towards autonomy, displaying a sharp increase in various technological and instrumental advancements. As vehicle connectivity improves, so does data generation and processing, which in turn boosts autonomous driving capabilities. Rapid advancements in AI, machine learning and sensor technologies are also accelerating this...
Discover more insightsThe surge in global environmental awareness has propelled the New Energy Vehicle (NEV) sector. Strategic measures by various governments and international bodies to reduce carbon emissions are at the heart of this growth. Tax exemption policies, subsidies directed towards NEV manufacturers and growing public infrastructure for NEV charging stations are...
Discover more insightsThe increase in autonomous vehicles, connectivity technology, and sharing services are strong drivers of growth for artificial intelligence in the automotive sector. Additionally, the proliferation of large data amounts and a surge in demand for convenience and safety features have necessitated the incorporation of AI. Furthermore, growing computer power and...
Discover more insightsThe advancement in AI and sensor technology, coupled with supportive government initiatives, has created a conducive environment for growth in the automated bus industry. These factors open up the potential for autonomous buses to improve public transit, reduce traffic congestion, and lower carbon emissions, underpinning a sustained growth trajectory. The...
Discover more insights