Air Suspension Market worth $21.8 billion by 2027, at a CAGR of 4.2%
The Air Suspension market is projected to reach USD 21.8 billion by 2027 from USD 17.8 billion in 2022, at a CAGR of 4.2%.
Electric & hybrid buses would lead the market demand for air suspension systems
Stringent emission & fuel efficiency regulations and stiff competition have compelled OEMs to make fuel-efficient and clean energy vehicles. Electrification and hybridization are ways...
EV Test Equipment Market worth $242 million by 2027, at a CAGR of 25.2%
The global EV test equipment market size is projected to grow from USD 79 million in 2022 to reach USD 242 million by 2027, at a CAGR of 25.2%.
The increasing demand for alternative fuel vehicles has increased the growth of the market for electric vehicles. To reduce crude oil consumption, automotive emissions, and air pollution, governments around the world have adopted and implemented favourable...
Automotive Heat Exchanger Market worth USD 34.3 billion by 2027, at a CAGR of 3.5%
The Automotive Heat Exchanger Market is projected to grow from USD 28.9 billion in 2022 to USD 34.3 billion by 2027, at a CAGR of 3.5%.
Factors such as growth in vehicle production, paired with increasing adoption of HVAC systems in off-highway and high-end commercial vehicles are expected to augment revenues for the automotive heat exchanger market. Advancements in mobility solutions, in conjunction...
Electric Commercial Vehicle Market Size Worth 2,155.1 thousand units by 2030, at a CAGR of 22.5%
The global electric commercial vehicle market size is projected to grow from 519.4 thousand units in 2023 to 2,155.1 thousand units by 2030, at a CAGR of 22.5%.
Factors such as growing demand zero emissions commuting and governments supporting low emission vehicles through subsidies & tax rebates has resulted in automakers adopting to EV’s and growth of electric commercial vehicle market....
Electric Power Steering Market Size Worth $33.4 Billion by 2027, at a CAGR of 5.4%
The Electric Power Steering Market is projected to grow at a CAGR of 5.4% from 2021 to 2027, to reach a market size of USD 33.4 billion by 2027 from USD 24.3 billion in 2021. The major factors driving the growth of the electric power steering market are stringent automotive safety and security norms introduced by the government, rising preference of vehicle electrification among OEMs and Tier I suppliers,...
The Electric Vehicle Boom: A Global Paradigm Shift in Transportation
Stringent emissions regulations have shifted the global focus on electric vehicles, resulted in an exponential growth of these vehicles in recent years. According to IEA publication, though car sales dropped by ~16% during the pandemic, electric vehicle sales increased by 41%. According to IEA, number of on-road electric cars by the end of 2021 was about 16.5 million globally, three times the number...
Zero Emission Fleets: The Future of Commercial Transportation is Electric
The transport sector is one of the most significant contributors to GHG emissions globally, owing to which many countries worldwide are focusing on converting the existing fleet of commercial vehicles to zero-emission electric vehicles. With the upcoming government mandates on emissions caused by vehicles, the automotive industry is focusing on efficiency, emission-free propulsion, and innovative...
Mounted Bearing Market Size Worth USD 1.8 billion by 2027, at a CAGR of 5.6%
The Mounted Bearing Market size is projected to grow from USD 1.4 billion in 2022 to USD 1.8 billion by 2027, at a CAGR of 5.6%.Owing to extensive research & development activities by leading players in the market, products such as sensor-based bearings, self-aligning bearings, connected bearings, and self-lubricating bearings are being launched. Furthermore, increasing adoption of sensors...
Automatic Tire Inflation System Market Size Worth USD 138 million by 2028, at a CAGR of 10.7%
The automatic tire inflation system market is projected to grow from USD 82 million in 2023 to USD 138 million by 2028, at a CAGR of 10.7% during the forecast period.
The increasing demand for improved tire life and to prevent accidents due to tire blowouts, the demand for ATIS in heavy-duty vehicles and farm tractors would create growth opportunities.
ATIS for Farm Tractor is expected to be...
Battery Swapping to Emerge as the Game Changer for Rapid EV Adoption
Battery swapping is one of the most promising charging concepts being adopted in the EV sector to address the concerns related to conventional charging infrastructure. This includes replacing the depleted battery from the vehicle with a fully charged one. Since there is no charging involved for the user, battery swapping is comparable to refueling ICE engines, thereby making it more feasible. Considering...