Forklift Market Size Worth USD 125.4 billion by 2030
The global forklift market is estimated to grow from USD 85.19 billion in 2024 to USD 125.42 billion by 2030, with a CAGR of 6.7% over the forecast period. Growth in the e-commerce and warehouse sectors, increased demand for warehouse automation, and rising labor costs are the key reasons behind the growing demand for forklifts worldwide. According to the International Trade Administration,...
Electric Commercial Vehicle Market Size worth USD 255.6 billion by 2030
The global Electric Commercial Vehicle market, by value, is estimated to grow from USD 60.41 billion in 2024 to USD 248.20 billion by 2030, with a CAGR of 26.6%.
Global electric commercial vehicle sales have surged due to regulatory incentives, technological advancements, and economic benefits. Additionally, growing last-mile delivery and urban logistics are driving the growth in electric commercial...
Electric Commercial Vehicle Market: Trends, Growth Drivers, and Forecast to 2030
The global Electric Commercial Vehicle Market, by value, is estimated to grow from USD 60.41 billion in 2024 to USD 248.20 billion by 2030, with a CAGR of 26.6%.
Global electric commercial vehicle sales have surged due to regulatory incentives, technological advancements, and economic benefits. Additionally, growing last-mile delivery and urban logistics are driving the growth in electric commercial...
Low-Speed Vehicle Market: Trends, Innovations, and Global Forecast to 2030
The low-speed vehicle market is projected to grow from USD 11.09 billion in 2024 to USD 16.28 billion by 2030 at a CAGR of 6.6% during the forecast period.
The low-speed vehicle (LSV) market is expanding due to factors like increased golf participation, growing charging infrastructure, and a rising need for safe, comfortable mobility, especially among seniors. Growth is further fueled by travel...
Rolling Stock Market Outlook 2030: Trends, Innovations, and Growth Opportunities
The global rolling stock market, by value, is estimated to be USD 28.61 Billion in 2024 and is projected to reach USD 40.10 Billion by 2030, at a CAGR of 5.8% from 2024 to 2030.
The advancement of hybrid train technology is creating new growth opportunities in the market. Hybrid trains, which combine diesel and battery or hydrogen fuel cell technology, help reduce fuel consumption and emissions...
Software Defined Vehicle Market: Trends, Growth, and Future Outlook to 2030
The global Software Defined Vehicle Market size is projected to grow from USD 213.5 billion in 2024 to USD 1,237.6 billion by 2030, at a CAGR of 34.0%.
SDVs are expected to be the next big disruption in Automotive Sector in the coming decade. By 2030, more than 70% passenger cars, as well as significant amount of LCVs will be SDVs. Key automakers are also adapting to new generation E/E and chassis...
Automotive Camera Market Outlook: Trends, Technologies & Growth to 2030
The global automotive camera market size is projected to grow from USD 8.33 Billion in 2024 to USD 16.04 Billion by 2030, at a CAGR of 11.5%. Government regulations regarding vehicle occupants and pedestrian safety is driving the growth of the automotive camera market on a global scale. The GSR2 regulations in Europe, effective June 2024, mandate driver monitoring systems (DMS) in all new vehicles....
Electric Bus Market Trends, Technologies & Global Forecast to 2030
The global electric bus market is estimated to grow from USD 17.0 billion in 2024 to USD 37.5 billion by 2030, with a CAGR of 14.2% over the forecast period.
The growth of the electric bus market is driven by countries prioritizing the electrification of their public transportation fleets with zero-emission mobility through subsidies, tax exemptions, and favorable regulations prompted by emission...
Software Defined Vehicle Market Size, Share, Growth Trends 2030
The global s/w defined vehicle market size is projected to grow from USD 213.5 billion in 2024 to USD 1,237.6 billion by 2030, at a CAGR of 34.0%.
SDVs are expected to be the next big disruption in Automotive Sector in the coming decade. By 2030, more than 70% passenger cars, as well as significant number of LCVs will be SDVs. Key automakers are also adapting to new generation E/E and chassis architectures...
Automotive Lighting Market Size, Share, Forecast Report 2030
The Automotive Lighting Market is projected to grow from an estimated USD 22.5 billion in 2023 to reach USD 30.4 billion by 2030 at a CAGR of 4.4% during the forecast period.
Automotive manufacturers are highly focused on developing new and innovative lighting to increase the driver’s and other road users’ aesthetic appeal and safety. Automotive lighting is an integral part of every...