The global refrigerated trucks market was valued at USD 6.36 billion in 2017 and is projected to grow at a CAGR of 7.3% from 2017 to 2025. Increasing demand for fresh and frozen food products such as fruits & vegetables, meat, and dairy is expected to remain the principal driving force in the near future.
The global bike rental market was valued at USD 1.37 billion in 2017 and is expected to grow at a CAGR of 14.3% from 2017 to 2025. The rising importance of greener transportation system as a result of the implementation of eco-friendly policies by regulatory bodies including, EPA and European Commission aimed to control pollution is expected to expand the scope of bike sharing services.
The global luxury car market is anticipated to witness significant growth in coming years attributed to increasing purchasing power of the consumers. Rising demand of comfort and advanced features in cars is anticipated to propel market growth in coming years. Moreover, rising disposable income and growing need among consumers for maintaining social status can augment growth. Introduction of high-end interiors and innovative features by manufacturing companies are expected to drive the market in coming years.
The global recreational vehicles market was estimated at USD 54.63 billion in 2017 and is anticipated to reach USD 75.38 billion in 2025, growing at a CAGR of 4.11% from 2017 to 2025. The demand for recreational vehicle (RV) is increasing, driven by the rising ownership among consumers especially in the U.S. More than 11.0% of the U.S. population aged between 35 years to 45 years own a recreation vehicle, thereby contributing to an upswing in the global demand.
The global same-day delivery market is predicted to witness significant growth in the coming years owing to rising demand for quick delivery of products purchased online. Same-day delivery is when the product is delivered to the consumer on the same day of the order placement. Consumers generally opt for quick courier service when they are in hurry and want their product to be delivered as soon as possible. E-commerce companies charge more from consumers for express deliveries. In addition, these companies are expected to tie-up with manufacturing companies to manage inventory, warehousing, and delivery cost.
The global vocational truck market is anticipated to witness significant growth in coming years owing to rising demand for vocational trucks across the globe to perform specific tasks. Vocational trucks are designed as per job type and operational requirements. If the end user wants to transport food and beverages, then the distribution van must have all the required interiors. The end user must be able to load the van comfortably and deliver the products without any damage or loss.
The global bicycle market is anticipated to witness substantial growth in coming years owing to increasing use of bicycles in trekking and other adventurous activities. Bicycle is a common mode of transport in rural areas across the world. Growing concerns regarding health among consumers attributed to rising air pollution is anticipated to increase adoption of bicycles in urban areas. Widespread use of four wheelers for transportation has resulted in increased air pollution due to release of harmful emissions.
The global automotive telematics market is expected to grow significantly in coming years owing to increasing awareness regarding advantages of telematics and strict implementation of safety regulations by government. In addition, rapid digitization in the automotive sector is likely to drive the market. Availability of high-speed internet, advancements in smartphones and GPS systems, and increasing adoption of cloud technologies can have a positive impact on the market growth. Integrated transportation of vehicles is anticipated to gain traction across the globe due to high adoption of connected devices, such as tablets and smartphones and decline in connectivity cost.
The global electric bus market demand was 108,407 units in 2017 and is expected to expand at a CAGR of 9.4% from 2017 to 2025. The growth could be attributed to subsidy allocation for purchasing these vehicles by governments of developing economies, including China and India. For instance, the Government of China paid more than average of USD 10,000 per electric vehicle (EV) in 2017. It also announced substantial incentives to various companies, which increased production of electric buses from over 1,000 units in 2011 to 132,000 units in 2016.
The global container shipping market is estimated to exhibit a steady growth over the forecast periodowing to increasing number of manufacturing units and factories in developed as well as developing regions. Container shipping makes use of multi-sized vessels, including 20, 40, 45, 48, and 53 feet for the transportation of goods from one place to another. Twenty-foot Equivalent Unit (TEU) and Forty-foot Equivalent Units (FEU) are the most widely used container sizes.
Growing need for driverless vehicles among consumers is anticipated to propel the autonomous vehicles market in the forthcoming years. It is expected to witness significant expansion attributed to reduced number of accidents caused by manual errors. Lowered emission of harmful gases like carbon dioxide can provide traction to the market. It is projected to witness significant growth in near future owing to continual technological advancements and R&D activities by manufacturers. Efforts to develop advanced sensors for consumer comfort and automobile capacity.
The U.S. electric vehicle charging infrastructure market was valued at USD 167.6 million in 2017 and is predicted to grow further over the forecast period. The increasing adoption of electric vehicles is expected to propel the growth of supporting charging infrastructure. In the United States, governments and the insurance companies provide lucrative offers to promote the selling and usage of EVs. Tax benefits are provided at the time of purchase.
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The U.S. rail infrastructure market was valued at USD 5.06 billion in 2017 and expected to grow over the forecast period on account of increasing need for better transportation due the increasing population and demographics in the country. Since 1860, rail transportation is playing significant role in the country. This transportation system carries about one-third of the U.S export, delivers approximately 85,000 passengers and more than 4 million tons of freights.
The U.S. dump truck service market size was valued at USD 18.27 billion in 2017 and is expected to witness a significant growth, pertaining to the growing construction and mining activities over the forecast period. The market is primarily driven by the high demand of material handling vehicles for construction activities such as material delivery, miscellaneous, material removal, demolition hauling, land shifting, and excavation services.
The U.S. forklift market size was valued at USD 10.01 billion in 2017 and is expected to witness a significant growth, pertaining to the rise in the market of application segment and robust demand and need for forklift truck replacements in the established markets, and huge investments in procurement of economical forklift trucks with low-cost in emergent markets over the forecast period.
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The global electric motorcycles and scooters are also known as electric power two wheelers, E-bike, E-motorcycle, E-scooters or e-PWT market is predicted to have continuous growth shortly.
Global Wiper Systems market is expected to witness substantial growth over the forecast period on account of the steady increase in the production of automobiles in the developing countries.
The in-car apps market is expected to grow at a high CAGR from 2016 to 2024 due to the growing use of the infotainment platforms in vehicles. In-car apps help the driver to maintain focus while driving by providing certain features such as gesture recognition, voice control by eliminating the extra control buttons.
The global high performance wheels market size is expected to increase significantly over the next seven years on account of growing demand for performance automobiles and increasing consumer surplus.
Fuel cell technology for vehicles is gaining prominence globally owing to its environment-friendly and uniqueness in nature.
The Food and Beverage Industry dominates the global sector in terms of sales and volume, and robotics is expected to play a vital role in its development.
Driver assistance systems market is expected to grow at a significant pace from 2016 to 2024 owing to the increased demand for premium passenger cars.
Electric bicycles (E-Bikes) are bicycles that have a small electric motor and rechargeable batteries to assist the power provided by the rider.
The improving economic conditions worldwide is one of the major factor driving the demand for the industrial machinery in various sectors such as packaging, agriculture, machine tools and materials handling.
Domestic coastal container market is expected to grow at a significant pace from 2016 to 2024 owing to the shift from coastal areas to inland shipping.
The global car covers market is expected to witness substantial growth over the forecast period on account of the increasing demand for automobiles, especially of cars owing to the increasing standard of life and consumer disposable income.
Light Vehicle refers to the commercial carrier vehicle thatdoes not weigh more than 3.5 tons. Safety features and enhanced comfort are the major factors for the increased demand of these light vehicle seating’s market.
The global V2V communication market was worth USD 1500 million in 2015 and is estimated to exceed at a CAGR 5% by 2024.on account of shifting trends towards technology side and safety side’s methods.
The global aircraft engine and equipment market is expected to witness substantial growth over the forecast period on account of a surge in demand for advanced aircraft which is influenced by an entry of new airlines and expansion of existing airlines.
The global precision gearbox market is expected to witness substantial growth over the forecast period on account of the growing demand from the automotive sector.
The global automotive chip market is expected witness a rapid expansion over the forecast period. Rising computerization and digitization of automotive parts are anticipated to fuel the industry growth. In addition, rapid incorporation of Engine Control Unit (ECU) in modern automobiles is also expected to augment the market demand over the next few years. These chips are required to monitor and control various functions of a vehicle as they use algorithms to direct the part to operate in a particular manner.
The global dual clutch transmission market is expected to witness a strong CAGR over the forecast period. Better engine performance coupled with enhanced driving experience due to Dual Clutch Transmission (DCT) employment in the vehicle is expected to drive the market growth. Transmission systems are going through a transition phase from manual to automatic thus, increasing the overall performance of the automobile.
The global low cost car market size was estimated to be over 80 million units in 2015. Increasing purchasing power parity along with mobility needs are expected to drive market at a healthy CAGR. High demand from first-time vehicle buyers is supposed to further boost the growth over the forecast period. After global recession of 2008, major companies in automotive industry found it difficult to balance between future market demand and financial crisis.
The global automotive collision repair market size was estimated at 165.60 billion in 2016 and is expected to grow on account of increasing sale of automobiles worldwide
The modest scenery of the market position displays the learning about the best prominent companies in the Global markets in the field of Global Naval artillery industry. An in-depth and detailed examination of the company outlines, manufacture along with ingestion, dealers, promoting traders together with the influence is studied.
Hobbing is a manufacturing process which is used in order to cut tooth type geometries. Hobbing is a significant industrial process for gear manufacturing. The process is carried out by means of a hobbing machine with two skew spindles, one of these spindles is mounted with the hob while the other is mounted with a blank workpiece.
Gear-reducers, also known as speed reducers, are a component of many mechanical, electrical, and hydraulic motors. Essentially, a gear or series of gears are combined in such a way as to increase the torque of a motor. The torque increases in direct proportion to the reduction of rotations per unit of time.
Industrial scale is defining as the large size or amount characteristic of industrial processes. Industrial scales are very flexible device which serve various purposes. The different possibilities to use the industrial scales range from measuring the industrial scale range from measuring the moisture content of samples, to checking the weight of large shipping items.
The worldwide Automotive Fuel Cell Market was valued over 5, 000 units in 2015. It can grow at close to 13% CAGR during the forecast period (2016-2024). The industry should achieve over 10, 850 units by 2024.
The global Automotive Sunroof Market was estimated at nearly USD 4.7 billion in 2014. The industry is expected to grow at a CAGR of almost 10% from 2016 to 2024 (forecast period). It can surpass USD 9 billion by 2024.
The global Automotive Radar Market is anticipated to reach nearly USD 9 billion by 2024. The introduction of fully automated vehicles is projected to drive the industry during the forecast period (from 2016 to 2024).
The global automotive robotics market is expected to grow at a CAGR exceeding 11% over the forecast period (2016 - 2024). The industry is expected to surpass USD 16 billion by 2024.
The global all terrain vehicle (ATV) market was valued around USD 6 billion in 2015. It is expected to grow at a CAGR of 5% during 2016 to 2024 (forecast period). The industry will surpass USD 9 billion by the end of the forecast period. ATVs are popularly known as quads, three-wheelers, four-wheelers, quad bikes, or quadricycles.
The global automotive composites market stood at USD 3 billion in 2015 and will reach around USD 7.5 billion by 2024 growing at a healthy CAGR of 8.5 % from 2016 to 2024.
The global flexitanks market was estimated at USD 208.5 million in 2014. Flexitanks offer huge cost savings as compared to traditional transportation methods for bulk commodity traders.
The global automotive HVAC market size is expected to increase significantly over the next seven years on account of growing middle-class population and per capita income levels.
Global electric stacker truck market is anticipated to grow at a CAGR of above 5% in the forecast period.
The Automated Fare Collection (AFC) Market is anticipated to grow significantly from 2016 to 2024 owing to its increased usage in public transport. AFC system provides easy, efficient solution by eliminating manual fare collection.
Projected to grow at a CAGR of around 7%, the bearings market is to witness a significant growth over the forecast period owing to increasing use of this mechanical component for smooth and proper functioning of machineries and vehicles.
The global connected car market is expected to witness substantial growth in the coming years owing to growing population of tech-savvy population and rising demand for connectivity solutions. Increasing efforts by government to implement connected technology in passenger cars and high demand for efficient, safe, and convenient driving experience using connected car services are also likely to drive the market in future. Moreover, demand for safety and security features is expected to increase in the coming years as the facility improves security constraints with the help of powerful network technology.
Automotive wrap films industry is projected to witness considerable growth over the next eight years with relation to growing demand for buses, trucks, public transport, and for advertisement purposes to attain bigger audience globally.
Burgeoning demand for substitute fuels has caused greater demand for the hybrid vehicles market. This is true particularly with regards to evolving vehicular centers. Hybrid vehicles offer effective fuel alternatives in comparison to conventional fuels, like diesel and petroleum. The acceptance of the Kyoto Protocol is one of the most inspirational forces steering the utilization of vehicles performing on substitute fuel sources.
A Dashboard Camera records the view through a vehicle’s windscreen. It is usually attached to the interior of the windscreen or on the top of the dashboard. The main use of dashboard camera is to record the view and provide evidence in case of emergency.
Automotive Electronics are electrically generated systems used in vehicles such as telemetric, car entertainment systems and carputers, etc. The need to control functions of electronic engine pieces was used and was referred as engine control units.
Global car DVR market is likely to witness growth on account of increasing importance of on-board camera for gathering valid evidences against the culprits during road accidents.
Growth in automotive production in emerging markets is expected to have a positive impact on the overall automotive air filters market. Increasing disposable income along with growing industrialization is expected to act favorable for the global automotive air filters market. Global traffic rate across the globe has increased considerably in the last few years which had a negative effect by the increase in air pollutants on the environment. Awareness spread about the health disorders by environmental associations including Environmental Protection Agency (EPA) and Car Care Council (CCC) is expected to be a key driving force for global automotive air filters market.
The electric vehicles (EV) market has seen significant development owing to required for resolving future energy resources. This market is rising and becoming integral part of the automotive industry. It represents a way to achieve energy efficiency coupled with decreasing release of pollutants and few other greenhouse gases.