Lithium-ion batteries are commonly used in the production of electric vehicles. However, the rising concern about the shortage of lithium is pushing the industry towards using lithium-ion phosphate and sodium-ion batteries. Lithium-ion phosphate is gaining momentum as an essential electric vehicle battery material in the automotive industry, with a prime focus on producing affordable electric […]
Compact Tractors Market was valued at US$ 7,456.22 Million in 2022 and is expected to reach to US$ 10,254.43 Million by 2030; it is estimated to record a CAGR of 4.1% from 2022 to 2030
Tractors are used in the agricultural sector for various tasks, including plowing, mowing, landscaping, planting, tilling, and hauling. Tractors are available in various sizes, including mini, medium, and large tractors. Compact tractors are smaller and more beneficial for small-scale farming, fruit and nut yards, vineyards, gardens, and lawns. The compact tractors consume less fuel and […]
Connected Vehicle Market was valued at US$ 52,649.57 Million in 2022 and is expected to reach to US$ 2,12,012.9 Million by 2030; it is estimated to record a CAGR of 19.0% from 2022 to 2030
Advancements in Connectivity Technology Advancements in connectivity technology fundamentally reshape the automotive landscape, and their positive impact on the connected vehicle market is notable and far-reaching. These advancements are fueling consumer demand by aligning vehicles with their increasingly connected lives. Consumers are now expecting their cars to offer the same level of connectivity as their […]
Automotive Seat Market was valued at US$ 60,289.63 Million in 2022 and is expected to reach to US$ 83,792.86 Million by 2030; it is estimated to record a CAGR of 4.2% from 2023 to 2030
Sport utility vehicles (SUVs) and multi-purpose vehicles (MPVs) are widely purchased by consumers who frequently travel long distances. These vehicles have gained immense demand due to features such as more accommodation, comfortable seats, and luggage space. The high seating position in these vehicles allows the driver to get a superior view of the road with […]
Automotive High Voltage Cable Market was valued at US$ 3,176.29 Million in 2022 and is expected to reach to US$ 6,100.94 Million by 2030; it is estimated to record a CAGR of 8.5% from 2022 to 2030
Increasing Usage of Advanced Features in Vehicles to Fuel Automotive High Voltage Cable Market Growth During Forecast Period Governments, private companies, and industry players have substantially invested in the development of EVs and innovative features of EVs to decrease the dependence on fossil fuel vehicles. To meet the diverse needs of EV users, manufacturers such […]
Automotive Telematics Market was valued at US$ 42,410.97 million in 2022 and is expected to reach US$ 1,57,485.12 million by 2030; it is estimated to record a CAGR of 17.8% from 2022 to 2030
The hardware segment held the largest share in 2022, owing to increased demand for GPS tracking devices, vehicle diagnostic kits, and rising consumer spending on automotive infotainment systems. Several logistics and transportation companies are adopting these GPS tracking hardware systems in order to track the live location and manage the entire transportation supply chain. This […]
E-Bike Market was valued at US$ 39,660.1 Million in 2022 and is expected to reach US$ 108,604.6 Million by 2030; it is estimated to record a CAGR of 13.4% from 2022 to 2030
The outdoor sports industry has shown significant growth post-COVID-19 pandemic. Consumers are becoming more health conscious and focused on healthcare activities to remain fit and healthy. People spend on outdoor activities such as trekking, cycling, etc. Cycling helps to strengthen the immune system, lose weight, and build muscles. Rising consumer spending on outdoor recreational activities […]
Event Logistics Market was valued at US$ 75.86 billion in 2023 and is expected to reach US$ 122.20 million by 2031; it is estimated to record a CAGR of 6.1% from 2023 to 2031
Consumer behavior is among the key factors that drive the event logistics industry. The expectations of customers toward services at a particular event with regard to food and other arrangements, as well as the digitalization of mobility in event logistics, results in the event logistics industry streamlining its processes. Therefore, the event logistics sector focuses […]