India Electric Vehicle Market to Grow at a 19.81% CAGR by 2028

 Increasing shift towards electric mobility and advancement in the EV sector to drive the India Electric Vehicle Market through 2028.

According to TechSci Research report, “India Electric Vehicle Market - By Region, Competition Forecast & Opportunities, 2018-2028F,” India electric vehicle market is anticipated to reach USD14,910.33 million at a CAGR of 19.81% by 2028 because of rapidly expanding range of products and advancement in charging infrastructure, and battery capacity suitable to Indian roads. According to NITI Aayog and Rocky Mountain Institute (RMI), India's EV finance industry is likely to reach Rs. 3.7 lakh crore (USD50 billion) by 2030. With the majority of youngsters preferring two-wheelers for their daily mobility requirements, there is expected to be strong demand for electric vehicles. Between 2000 to 2021, the Indian automobile sector received an FDI inflow of USD30.51 billion and expects 8-10 billion in local and foreign investment by 2023.

The Indian government is heading toward the adoption of green energy as a result of rising oil prices and urban pollution. As of August 2022, there were more than 1.3 million EVs on Indian roads, according to the Ministry of Road Transport and Highways, and by 2030, it is expected to increase to 20–40 million EVs.

In addition, the government is offering subsidies under FAME II, as well as state EV programs, to encourage the widespread adoption of electric vehicles across the country. Additionally, top firms, as well as many emerging players, are expected to increase their focus on R&D in order to create sophisticated technology and features while keeping prices low, resulting in increased sales of electric vehicles. However, after the COVID-19 outbreak, which resulted in an economic catastrophe in 2020, the country's automobile sales plummeted due to a lack of production and import restriction.

Key market players in the India electric vehicle market include:

• Tata Motors Limited
• MG Motor India Private Limited
• Mahindra & Mahindra Limited
• PMI Electro Mobility Solutions Private Limited
• JBM Auto Ltd.
• Hero Electric Vehicles Pvt. Ltd.
• Okinawa Autotech Pvt. Ltd.
• Greaves Electric Mobility Pvt. Ltd
• YC Electric Vehicle
• Saera Electric Auto Pvt. Ltd.

Browse more than 52 market data Figures and 6 Tables spread through 70 Pages and an in-depth TOC on "India Electric Vehicle Market"

India electric vehicle market can be segmented based on vehicle type, propulsion, range, charging time, region, top 10 states, and company. On the basis of vehicle type, Electric two-wheelers dominate the India Electric Vehicle Market, accounting for around 42% of total market share in 2022, followed by three-wheelers and passenger cars.  BEV dominates the India Electric Vehicle Market in terms of propulsion, with more than 75% of the total market share. With the growing fleet size of electric vehicles, the similar trend is expected to continue in the coming years. On the basis of range, the sector above 200 kilometers is the most dominant, as high-capacity battery ranges are the focus of innovation and advancement. Based on charging time, majority of automobiles required <5 hours of charging time with prominent CAGR of 36.12% in the historical period, and it is expected to register a CAGR of 24.46% in the forecast period. 

Market Players : 

Tata Motors Limited, Mahindra & Mahindra Limited, MG Motor India Private Limited, PMI Electro Mobility Solutions Private Limited, JBM Auto Ltd., Hero Electric Vehicles Pvt. Ltd., Okinawa Autotech Pvt. Ltd., Greaves Electric Mobility Pvt. Ltd., YC Electric Vehicle, Saera Electric Auto Pvt. Ltd. are the major players in the electric passenger cars, LCV, M&HCV, two-wheeler, three-wheeler segments. Many firms are investing in large gap generated by faster adoption of electric vehicles such as in developing infrastructure, swappable batteries stations and high-capacity battery range pack.

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“Electric Two-wheelers accounted for the largest share i.e., 42.55% in India electric vehicle market in 2022 and it is expected to dominate in the forecast period. Many companies are investing in EV’s to improve charging infrastructure and reduce charging time,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Electric Vehicle Market By Vehicle Type (Passenger Car (Hatchback, Sedan, SUV/MPV), LCV (Pickup Truck, Van), M&HCV (Truck, Buses), Two-Wheeler (Scooter/Moped, Motorcycle), Three-Wheeler (Passenger Carrier, Load Carrier)), By Propulsion (BEV, HEV, PHEV, FCEV), By Range (0-100 Km, 101-200 Km, Above 200 Km), By Charging Time (<5 Hr, 5-10 Hr, Above 10 Hr), By Region, By Top 10 States, Competition Forecast & Opportunities, 2018- 2028F,” has evaluated the future growth potential of India Electric Vehicle Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India electric vehicle market.

Press Release : https://www.techsciresearch.com/news/7529-india-electric-vehicle-market.html

 

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Website: https://www.techsciresearch.com

Smart Tire Market Size, Demand, Opportunity to Grow at Robust Rate Through 2030

Rising vehicle safety and environment concern among the people has driven the demand for smart tire in the market across the globe.

According to the TechSci Research report, "Global Smart Tire Market - Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2030F", Global Smart Tire Market is anticipated to grow at a decent rate in the forecast year 2023-2030. The demand for the smart tires is generally limited to the passenger cars, many tire manufacturers companies like Bridgestone Corporation, Continental AG, The Goodyear Tire & Rubber Co, etc. have been working actively on the passenger car tires in order to integrate them with temperature and pressure sensors. As more and more cars are outfitted with automated information systems, tire manufacturers see several prospects in connected fleet systems. As they would be connected to the Vehicle Information System, the tire would entirely contribute to the overall vehicle. Manufacturers and fleet managers of commercial vehicles are increasingly using Radio Frequency Identification (RFID) to track the life cycle of their tires by collecting data on tread depth, tire pressure, temperature, and tire condition.

The global smart tire market is segmented into seven segments based on vehicle type, product type, sensor type, technology type, vehicle propulsion type, and the distribution channel.

According to the government data globally, the total number of tire sales was around 2073.95 million units in the year 2021, and the sales of total tires in the Asia Pacific region was around 1029.44 million units in the year 2021. Globally Asia Pacific accounts for the highest market share in the Global Tire Market, as in this region many tire companies opened there manufacturing plants and the sales of all vehicle types in this region went high compared to the world.

Globally total number of tire sale in 2021 was around 2073.95 million units. The sales of all types of tires from North America region in which country including United States, Canada, and Mexico account for around 406.05 million units in the year 2021. The demand of sales for tire in North America region comes from the distributer end and from the OEMs (Original Equipment Manufacturers).  

Browse more than XX market data Figures spread through XX Pages and an in-depth TOC on  "Smart Tire Market "

The development of technology found in all kinds of auto parts has increased with the growth of linked and autonomous driving. Automotive OEMs have recently turned their attention to tires as they struggle to keep up with the new technology that is now present in both autonomous and conventional vehicles. Smart tires, which have sensors implanted in the tire's inner lining and offer consumers a wealth of data beyond what the Tire Pressure Monitoring System (TPMS) can deliver, are an inevitable evolution. These sensors can indicate when a tire needs to be replaced and provide information about harsh and hazardous tire conditions.

In today's vehicles, the growing interconnection has resulted in massive data creation. In terms of the information necessary for the next generation of tires to operate properly, the TPMS has likewise reached its limit. The necessity of creating smart tires has increased because of deadly traffic accidents caused by under-inflated or worn-out tires. Major tire producers are also developing smart tires that use software platforms and Internet of Things (IoT) connected sensors to track tire performance, including Bridgestone, Goodyear, and Michelin. IoT technologies are rapidly spreading throughout the automotive industry, and the addition of 5G communication technology will make it possible for reliable data transmission between the tire and the car.

Advanced pressure and temperature sensors are integrated into tires with temperature and pressure sensors, which provide the temperature and pressure of the tire. The tire's heat and cold energy production are measured by the temperature sensor. The need for tires with temperature and pressure sensors is a result of the expanding usage of sophisticated technology and sensors in vehicles, as well as the growing importance of vehicle safety. Vehicle tires have benefited greatly from technological developments, which has contribute to the market's expansion. Several automakers have recently begun equipping their high-end automobiles' tires with built-in sensors. Infineon Technologies AG, NXP Semiconductors, and Schrader TPMS Solutions are a few of the leading manufacturers of TPMS sensor systems.

Some of the major players operating in the Global Smart Tire Market include:

• Continental AG
• Bridgestone Corporation
• The Michelin Group
• The Goodyear Tire & Rubber Co
• Pirelli & C. S.p.A
• The Yokohama Rubber Company, Limited
• Hankook Tire & Technology Co., Ltd
• Nokian Tyres Plc
• Toyo Tire Corporation
• JK Tyres & Industries Ltd

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“Many companies are investing in the research and development department, for the innovation and improvement of smart tire. The investment will help in research and development of the smart tire for the better driving experience and for the vehicle’s safety. The investment by the major tire manufacturing companies will help to make smart tire easily available for the buyers in the market which will further help in driving the Global Smart Tire Market in the coming year. "said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Press Release : https://www.techsciresearch.com/news/8320-smart-tire-market.html

“Smart Tire Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2030F Segmented by Sensor Type (TPMS, Accelerometer Sensor, Strain Gauge Sensor, RFID Chip, Other Sensors), By Engineering Technology (Pneumatic Tire, Run-Flat Tire, Non-Pneumatic Tire), By Vehicle Type (Commercial Vehicles, Passenger Cars), By Vehicle Propulsion (Conventional Vehicles, Electric Vehicles), By Distribution Channel (OEM, Aftermarket), By Product Type (Connected Tire, Intelligent Tire/TPMS) and By Region has evaluated the future growth potential of Global Smart Tire Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Smart Tire Market.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com

Automotive Green Tires Free Market Reports - Global Industry Size, Share, Trends and Forecast, 2018-2030

The increasing demand for electric vehicles and the carbon emission targets are contributing to the growth of the automotive green tires market.

According to TechSci Research report, “Automotive Green Tires Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2030,” the global automotive green tires market is growing because of the rising global sales of BEVs and PHEVs in the global market. Moreover, in the coming years, the demand for electric vehicles will increase as green tires help in increasing the efficiency of electric vehicles by reducing the rolling resistance. Also, and tire manufacturing companies are also focusing on switching towards green tires as most of the key global tire companies have set carbon emission goals, and in order to meet these goals, companies are using green raw materials in their production sites. The need for these automotive green tires that are both energy-efficient and environmentally safe is rising as a result of consumer preferences for environmentally friendly mobility solutions and stringent regulations. The first important element of an eco-friendly tire is the raw material used. To replace rubber, businesses are turning to synthetic composites, which usually contain silica. Road friction is decreased, and rubber in the treads is replaced with silica. At the same time research and development work is also in progress, so overall, all these factors are expected to drive the market in the forecast years.

Governments implemented lockdowns and shut down manufacturing facilities during the COVID-19 pandemic. Even though no manufacturing company has been spared, the pandemic's effects have not been uniform. Others have been able to maintain their businesses, though their success has depended on the markets they serve and their ability to adjust to rapidly changing consumer trends. While some suppliers and product manufacturers have experienced dramatic declines in sales and earnings, others have been able to maintain their businesses.

Browse more than XX market data Figures spread through XX Pages and an in-depth TOC on   "Global Automotive Green Tires Market".

https://www.techsciresearch.com/report/automotive-green-tires-market/14548.html

The Global Automotive Green Tires Market can be segmented based on vehicle type, demand category, tire construction type, region, and company. Based on Vehicle type, the market is further segmented into Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheelers, Three Wheelers and OTR. Based on demand category, the market is segmented into OEM and Replacement. Based on Tire Construction Type, the Global Automotive Green Tires Market is divided into Radial and Bias. Based on the region type the market is further segmented into North America, Asia Pacific, Europe & CIS, South America, and Middle East & Africa.

Some of the major companies operating in the Global Automotive Green Tires Market include:

• Bridgestone Corporation
• Continental AG
• Michelin Group    
• Apollo Tyres Limited
• Yokohama Tire Corporation
• Goodyear Tire & Rubber Company
• Pirelli & C. Spa
• Toyo Tire Corporation
• MRF Limited
• CEAT Limited

These are the key players developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers with research and development firms, new product developments, and marketing activities to increase customer outreach. These companies are also focusing on meeting the regulations of different regional governments and are also partnering with different defense research bodies to stay competitive in the market.

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“Asia-pacific is the leading region, followed by Europe and North America. All these regions capture major  market share and in the forecast period these regions are expected to increase their market penetration as the companies in the regions are strengthening their manufacturing capabilities of green tires and also enhancing product portfolio. Moreover, the rise in electric vehicles sales will also generate new opportunities for the global automotive green tires market” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Press Release : https://www.techsciresearch.com/news/8322-automotive-green-tires-market.html

“Automotive Green Tires Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2030F Segmented By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheelers, Three Wheelers and OTR), By Demand Category (OEM and Replacement), By Tire Construction Type (Radial and Bias),  By Region.” has evaluated the future growth potential of Automotive Green Tires Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Automotive Green Tires Market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Web:  https://www.techsciresearch.com   

Hydrogen Fuel to Lead Asia-Pacific Fuel Cell Electric Vehicle Market Forecast 2030

 

Rising demand of clean energy, low operating cost, technological advancement, and rising environmental concern are major factor in growth of APAC Fuel Cell Electric Vehicle Market.

According to the TechSci Research report, "Asia Pacific Fuel Cell Electric Vehicle Market -Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2030F", Asia-Pacific fuel cell industry’ is anticipated to expand in the upcoming years. Increased environmental concerns and rising demand for clean electrical energy are anticipated to be key market factors. The Asia-Pacific fuel cell electric vehicle market is anticipated to increase because of the growing demand for clean energy amid concerns about the environmental impact of energy generation from conventional sources like coal and natural gas.

The market for fuel cell vehicles is continually changing and is anticipated to increase rapidly. The automobile sector is experiencing exciting potential because of the development of new and diverse technology. While conventional automobiles and trucks are powered by gasoline or diesel, fuel cell cars and trucks generate energy by combining hydrogen and oxygen, which powers the motor. A fuel cell vehicle runs on electricity. It is a fantastic alternative for drivers who require a longer range and more cargo capacity because it can store a lot of energy and restore it rapidly. The considerable potential for fuel cell cars to cut emissions from the transportation sector is one of the factors driving interest in them.

The market for fuel cell electric vehicles is anticipated to grow due to key driving factors such as the emphasis on high-quality products, shifting consumer lifestyles, and increased purchasing power. To increase the efficiency in the automotive sector, automotive businesses, especially passenger car manufacturers, are continually attempting to place a greater emphasis on innovation for their product offerings. Due to changing consumer expectations, accelerating technical advancements, and changes in the competitive landscape, the market is undergoing several changes. Growing financial commitments to the commercialization and construction of refuelling infrastructure will be important drivers of the market's expansion in the years to come.

Browse more than XX market data Figures spread through XX Pages and an in-depth TOC on "Asia-Pacific Fuel Cell Electric Vehicle Market"

APAC Fuel Cell Electric Vehicle Market can be segmented based on vehicle type, fuel type, battery capacity, and region. According to vehicle type, it is anticipated that the Asia-Pacific electric vehicle market will be dominated by the passenger vehicle sector. This is brought on by a combination of factors, including more pro-electrification, government regulations and subsidies, rising public awareness of the benefits of electrification in terms of emissions reduction, rising fuel costs, and proactive efforts on the part of automakers to produce fuel cell electric passenger cars.

Based on fuel type, market is anticipated to dominate by the hydrogen fuel. Because of the higher range and efficiency provided by the hydrogen fuel to the vehicle. In the battery capacity the market is anticipated to be dominated by the 0-100kW segment based on battery capacity. The increased use of fuel cell electric vehicles, particularly for everyday commutes and low running costs, is credited with this segment's rise. New fuel cell electric vehicles are also being introduced by several automobile manufacturer.

Some of the major players operating in the Asia-Pacific Fuel Cell Electric Vehicle market include:

• Toyota Motor corporation
• Hyundai Motor Company
• Honda Motor Co., Ltd.
• General Motor company
• Nissan Motor Corporation
• Tata Motors Limited
• Mitsubishi Motors Corporation
• Mercedes Benz AG
• Siac Motor Corporation limited
• Zhejiang Geely Holding Group Co., Ltd

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“With the rising focus of manufacturer in developing fuel cell vehicles to tackle out the carbon emission and the environmental situation. The demand of the fuel cell vehicle is increasing due to the low operation cost, high range and high efficiency of the vehicle. Also, government initiatives to promote the adoption of fuel cell vehicle and the introduction of technological advancements in the vehicles will generate new opportunities in the market." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“APAC Fuel Cell Electric Vehicle Market, By Vehicle Type (Passenger car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle), By Fuel Type (Methanol , Hydrogen) , By Battery Capacity (0kWh-100kWh, 100kWh-200kWh, Above 200) and By region, Competition Forecast & Opportunities, 2018- 2028F, has evaluated the future growth potential of APAC Fuel Cell Electric Vehicle market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the APAC Fuel Cell Electric Vehicle market.

Press Release : https://www.techsciresearch.com/news/8321-asia-pacific-fuel-cell-electric-vehicle-market.html

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com

Indonesia Commercial Vehicle Tires Market to Grow with CAGR of 3.86% until 2026

 

Indonesia Commercial Vehicle Tires Market is anticipated to grow with increasing demand for commercial vehicles in the forecast period, 2022-2026F.

According to TechSci report on, “Indonesia Commercial Vehicle Tires Market - By Region, Competition Forecast & Opportunities, 2026”, Indonesia commercial vehicle tires market is projected to reach market value of USD4.96 billion in the year 2026 while growing at a CAGR of 3.86% in the forecast years, 2022-2026. In the year 2020, market value was registered to be USD3.75 billion and its growth depends on factors like increasing demand for commercial vehicles by various end use industries. Increasing production of automotive for the commercial purposes and increasing demand for the replacement tires further drives the growth of the Indonesia commercial vehicle tires market in the upcoming five years. Automotive industry in the country is ever expanding and growing rapidly due to surging demand from consumers. The automotive industry in the country is dominated by global giants like Mitsubishi, Ford, etc. Presence of such market players and their dealers & distributors in the market are also actively responsible for the growth of the Indonesia commercial vehicle tire market in the next five years. Also, Indonesia is the second largest producer and exporter of rubber that is utilized for the manufacturing of tires. Thus, availability of the raw material along with cheap labor substantiates the growth of the Indonesia commercial vehicle tires market in the future five years. Increasing population of the country, growing construction sector, surging demand for logistic services, and increasing dependency over commercial vehicles for commutation further aids the growth of the Indonesia commercial vehicle tires market in the forecast years, until 2026.

Although factors like Chinese players’ penetration in the export of commercial vehicle tires and increasing competition from other Asian countries for the export of commercial vehicle tires may create restraint on the future growth of the Indonesia commercial vehicle tires market.

Browse over 44 market data Figures and 4 market data Tables spread through 96 Pages and an in-depth TOC on "Indonesia Commercial Vehicle Tires Market"

https://www.techsciresearch.com/report/indonesia-commercial-vehicle-tire-market/8108.html

The Indonesia commercial vehicle tire market is segmented by vehicle type, demand category, tire construction type, price segment, regional distribution, and competitive analysis. Based on demand category, the market is further differentiated between OEM and replacement tires. Replacement tires are expected to hold largest revenue shares of the market and dominate the market segment in the upcoming five years on the account of increasing demand for the replacement tires among the long-term consumers. Also, increasing demand for transportation and logistic services causes higher wear and tear in the products and thus surge the demand for replacement tires and drives the Indonesia commercial vehicle tires market growth in the next five years. Rising popularity of the local branded tires is also influencing consumer preference. Higher cost of automotive vehicles tends to influence consumers to replace the tires over buying new automobiles thus further substantiating the growth of the Indonesia commercial vehicle tires market in the future five years.

On the basis of tire construction type, the market is bifurcated into radial and bias. Bias construction type of commercial vehicle tires is anticipated to lead the market segment and hold largest revenue shares of the market in the next five years on the grounds of its advantages over radial tires. A bias tire is made of multiple layers of coated rubber, piles of fabric, that are placed in angular formation at 30-40 degrees with piles laid at opposing levels giving it a crisscross pattern. These tires provide better grip with the road thus providing smooth ride on rough surfaces with enhanced operator comfort, while also the ability to withstand higher loads. This makes these tires especially effective for machinery in ports & terminals.

A partial list of major market players in the Indonesia commercial vehicle tires market includes :

• PT Sumi Rubber Indonesia
• PT Hankook Tire Indonesia
• PT Elangperdana Tyre Industry
• PT Industri Karet Deli
• PT Gajah Tunggal Tbk
• PT Bridgestone Tire Indonesia
• PT Multistrada Arah Sarana Tbk.
• The Yokohama Rubber Co., Ltd.
• PT Goodyear Indonesia
• PT Continental Tyres Indonesia 

Download Sample Report 

Customers can also request for 10% free customization on this report.

“Government initiatives towards automotive industry in the country is one of the major growth drivers of the Indonesia commercial vehicle tire market. Where government is itself investing in the industry and also inviting foreign direct investment in the tire industry along with other end use industries. New market players may focus on online sales channels to increase their sales and enhance their market presence. Also, they may invest in promotions of premium tires to gain better brand recalls,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Indonesia Commercial Vehicle Tire Market By Vehicle Type (Truck, Bus/Van, OTR), By Demand Category (OEM, Replacement), By Tire Construction Type (Radial, Bias), By Price Segment (Budget, Ultra Budget, Premium), By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Indonesia commercial vehicle tires market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Indonesia commercial vehicle tires market.

News : https://www.techsciresearch.com/news/6726-indonesia-commercial-vehicle-tires-market.html

 

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Web:  https://www.techsciresearch.com

Construction Equipment Rental Market Expected to Register high CAGR through 2028

Rising construction & mining activities in developing nations are driving the Global Construction Equipment Rental market.

According to TechSci Research report, “Global Construction Equipment Rental Market - By Region, Competition, Forecast & Opportunities, 2028”. The Global Construction Equipment Rental Market has major infrastructure projects in emerging markets and boom in residential construction in Asia-Pacific, North America & Europe. Sales of construction equipment witnessed sustainable growth in 2018, reaching 1.13 million units.

One of the reasons for the increase in construction equipment sales and rental income is the global infrastructure projects, such as China's belt and Road programme, which is investing an unprecedented USD 1 trillion on ports, roads, and train infrastructure across more than 150 countries. Global expansion has been aided by China's belt and road initiative, which intends to connect China with other regions of Asia, Russia, and Europe through land and water corridors, as well as other extensive infrastructure projects throughout the developing world. Due to a surge in residential building, construction equipment revenue increased in emerging economies. Additionally, high-value infrastructure projects in Britain, such as new nuclear reactors, high-speed rail, and road infrastructure enhancement projects in North America, are anticipated to produce a consistent flow of rental revenues for construction equipment rental during the projected period.

Browse over xx market data Figures spread through xx Pages and an in-depth TOC on "Global Construction Equipment Rental Market"

https://www.techsciresearch.com/report/construction-equipment-rental-market/14463.html 

Based on Product Type, the Wheel loader is one of the leading segments in the Global Construction Equipment Rental Market Because The durability of large wheel loaders is included into the design, guaranteeing maximum availability over numerous life cycles with increased performance and simpler serviceability. When compared to other construction machinery, it is simple to maintain over time. Rearview cameras, backup alarms, and good sight from the cab are among the useful safety features that many manufacturers include in their machines. Wheel loaders also benefit from hydraulic locking differentials, heated mirrors, and emergency steering. Additionally, current manufacturers use hydrostatic transmission over conventional transmission since it requires less power and saves a lot of energy Wheel loaders also transfer materials more effectively than other machinery. As a result, these elements increase demand for the market for renting construction equipment globally.

In terms of regional analysis, the global construction equipment rental Market is segmented into North America, South America, the Middle East & Africa, Asia- Pacific & Europe. Asia Pacific region is dominated the construction equipment rental market at a high CAGR in the upcoming year. This is attributable to the growth of the construction equipment rental market in the upcoming years a rising in the number of highway constructions & development, metro construction, airports, and Special Economic Zones (SEZs) in the Asia Pacific region. Additionally, the rise in the population in the region results in an increase in construction activities to fulfil the demand in the Asia Pacific region.

Herc Holdings Inc., a leading equipment rental supplier with headquarters in Florida, the United States of America, announced in November 2021 that it had acquired all the assets of Reliable Equipment, LLC, a New Hampshire-based equipment rental company. This expansion of the company's presence in New England to eight additional locations will allow it to better serve both current and potential clients with a larger fleet and more responsiveness. Additionally, in June 2021, Ramirent, a completely owned subsidiary of The Loxam Group, a prestigious equipment rental firm with headquarters in Paris, France, announced the acquisition of MaskinSlussen in Lidkoping, Sweden. The purchase improved Ramirent's ability to service all of its clients by strengthening its primary type of business equipment rental—and broadening its geographic reach.

Key market players in the Global Construction Equipment Rental Market include:

• Volvo Construction Equipment AB
• Komatsu Ltd
• Liebherr Group
• Zoomlion Heavy Industry Science and Technology Co. Ltd
• Caterpillar Inc
• Atlas Copco AB
• Hitachi Ltd
• CNH Industrial N.V
• Terex Corporation
• Hyundai Doosan Infracore (Doosan Infracore Co., Ltd.)
• Deere & Company (John Deere)
• H&E Equipment Rental Services Inc.

Download Free Sample Report

Customers can also request for 10% free customization on this report.

The next generation of construction equipment, which will be far more productive and efficient, is now being developed by industry leaders in the construction equipment rental market and includes anything from alternative fuel vehicles to semi-autonomous excavators. A range of cutting-edge technology, including sophisticated sensors, electric motors, and data collecting tools, will also be included in new types of construction equipment. Due to fewer defect-related claims and the avoidance of delay penalties, innovative construction equipment's increased dependability also translates into improved profitability. Therefore, these factors are fuelling the market growth of the “Global Construction equipment rental market in the upcoming years Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Global Construction Equipment Rental Market By Product Type (Loader, Cranes, Forklift, Excavator, Dozers, and Others), By Propulsion Systems (Electric & ICE), By End-Use Industry (IT & Telecommunication, Energy & Power and Others), By Equipment (Earthmoving, Material Handling, Road Building & Concrete), By End User Industry (Oil & Gas, Construction, Infrastructure, Manufacturing, Others), By Region, Competition, Forecast & Opportunities, 2028”, has evaluated the future growth potential of Global Construction Equipment Rental Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Construction Equipment Rental Market.

News : https://www.techsciresearch.com/news/8224-construction-equipment-rental-market.html

 

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Website: https://www.techsciresearch.com

United Kingdom to lead Europe Medium & Heavy-Duty Truck Rental/Leasing Market 2027

The rising emission standards across major countries in Europe and growing investments by the key players to support the growth of the Europe Medium & Heavy-Duty Truck Rental/Leasing Market.

According to the TechSci Research report, "Europe Medium and Heavy-Duty Truck Rental/Leasing Market- By Country, Competition Forecast & Opportunities, 2018-2028F," the Europe medium and heavy-duty truck rental/leasing market is anticipated to grow at a robust rate in the forecast period 2023-2028.

The COVID-19 pandemic slowed the manufacturing capacity of medium and heavy-duty trucks and market expansion in the European region as lockdowns were imposed in many countries by their respective governments to control the spread of coronavirus.  Many manufacturing plants of trucks were shut down in 2020, causing disruptions in the transportation industry and the closure of small and medium-sized businesses. However, as regulations loosened, a number of logistic organizations changed their emphasis to renting and leasing medium and heavy-duty vehicles rather than purchasing new ones in order to reduce initial purchase expenses. Such market tendencies are anticipated to continue and provide the market with long-term, optimistic growth. Truck leasing or renting is a popular choice among many consumers in the European region's diverse industries. Many logistics, construction, and other industrial sectors require trucks on rent and on lease consistently. Due to the fact that taking trucks on lease or on rent benefits businesses, people, organizations, and other users, the market demand is anticipated to grow in the coming years.

In the booking type segment, the offline booking has the highest market share over the online booking in the market. In many countries of the European region more than 50% of customers for the medium and heavy-duty truck leasing and rental are from the non-construction and industrial sectors, which includes retailers, good’s manufacturing, and paper mills, etc. customers from these sectors needs trucks on lease for the transport of goods from one place to another. In many countries of the European region medium trucks are taken on lease for the transport of goods when it is less than 16 tons, and heavy-duty trucks are taken on lease when tonnage exceeds 16 tons. Many customers take medium and heavy-duty trucks for a longer period of time. and before taking on rent they check factors such as availability of the trucks, performance, capacity, insurance coverage, and maintenance of the truck. Offline booking has benefit over the online as customer has greater opportunities to negotiate the fares of rental and leasing truck instead of online.

Browse more than XX market data Figures spread through XX Pages and an in-depth TOC on "Europe Medium and Heavy-Duty Truck Rental/Leasing Market"

https://www.techsciresearch.com/report/europe-medium-and-heavy-duty-truck-rental-leasing-market/14382.html

In the rental type long term leasing has the highest market share over the short-term leasing type. Customers from the industrial and construction sectors have more preference for the long-term leasing, more than half revenue generated in the long-term leasing type is from the chemical companies, manufacturing, energy companies, paper mills, shipbuilders, utilities, railroad and retailers, etc.  The entire revenue from long-term truck rentals in Europe, which also includes rentals for commercial space, accommodation, healthcare, entertainment, and other commercial uses, was dominated by commercial construction companies. Due to the significant demand from the industrial and construction industries, Germany, the United Kingdom, and France have been the top three European markets for long-term truck rentals in recent years. Due to rising manufacturing, logistics, and e-commerce activity in major nations like Germany, the United Kingdom, France, and Spain, the need for long-term truck rentals in Europe is anticipated to grow even more throughout the projected period. Heavy-Duty trucks are frequently employed for long-distance transportation of frozen meals and precious products due to their increased transportation capacity.

In the country segment United Kingdom has the highest market share over other countries and the same is expected to grow in the coming years. The British Vehicle Rental and Leasing Association (BVRLA) has launched three years plan in the year 2018, to address the challenge, such as creation of sustainable market for the electric vehicle, monetizing and sharing connected vehicles data, and industry’s path towards a fair tax regime. Due to constantly changing pollution law in United Kingdom diesel-powered trucks may phase out entirety in the coming years, fuel-based trucks would be replaced by electric trucks.

Some of the major players operating in the Europe Medium and Heavy-Duty Truck Rental/Leasing market include:

• Tip Trailer Services Germany Gmbh
• United Rental Inc
• Penske Truck Leasing
• Paccar Leasing Gmbh (paccar Inc.)
• Heisterkamp Truck Rental
• Easy Rent Truck and Trailer Gmbh
• Man Financial Services/euro-leasing
• Ryder Group
• Fraikin
• Natixis Lease.

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“Many companies are investing in the truck rental and leasing services to drive the demand in the market, and the rising emissions standards across the major countries in the European region is expected to grow the medium and heavy-duty rental/leasing market in the coming years, ”said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Europe Medium and Heavy-Duty Truck Rental/Leasing Market By Booking Type (Offline Booking, Online Booking), By Rental Type (Short-Term Leasing, Long-Term Leasing), By End-Use Industry (FMCG, Construction, Corporate, E-Commerce), By Country, Competition Forecast & Opportunities, 2017-2027 has evaluated the future growth potential of Europe medium & heavy-duty truck rental/leasing market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Europe medium & heavy-duty truck rental/leasing market.

News : https://www.techsciresearch.com/news/8138-europe-medium-and-heavy-duty-truck-rental-leasing-market.html

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com

Agricultural Tire Market Size, Growth, Trends, Share & Forecast 2027

 Increasingly favourable government initiatives for the agricultural sector in various countries and development in technology of agricultural vehicles has increased the adoption of vehicles which lead to increase the sales of OTR tires. 

According to the TechSci Research report, "Global Agricultural Tire Market-Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F", the global agricultural tire market is anticipated to grow at a decent rate in the forecast year 2023-2028. The global agricultural tire market is growing due change in way of farming across the globe in many countries. The increasing demand for the food security and increasing population has accelerated the way of modern farming. The agricultural sector in various countries has witness growth in the past few years. Various country’s government have invested in this sector due to which the demand for efficient and productive agricultural machinery end-products has increased in most of the developed nations, owing to which the agricultural tire market is expected to grow during the forecast period. Moreover, the expanding population and advancement in technology of agricultural vehicle equipment has raised the demand for the agricultural vehicles as well as for the OTR tires. This is one of the primary factors driving the global agriculture tire market growth.

In some regions, the demand for locally produced OTR tires increased after the trade war between China and other countries. Due to this trade war, import duties were increased due to which the price of OTR tires were also increased. As many countries, don’t have their own manufacturing plants for tires, they are mostly dependent on imported tires.

Additionally, with innovation in technology and growing demand in the agricultural market, many tire manufacturers has invested in the research and development for the new range of very high flexion agricultural tires.

Browse more than XX market data Figures spread through XX Pages and an in-depth TOC on "Global Agricultural Tire Market"

https://www.techsciresearch.com/report/agricultural-tires-market/14286.html

The global agricultural tire market is segmented based on by application type, by sales channel, by tire type, by region and by company. Based on application type, tractors dominated the market in the year 2022, and it is expected that same will grow with good share during the forecast year. Trailers come at the second position with the highest market share. The adoption of the advanced agricultural machinery tools in agricultural operations has increased in last few years, due to increased liberalization which has radically reinforced a structural evolution in the agricultural sector. In many countries the adoption of tractors, combine harvester, and loaders etc. has increased to lower the labor workload and as the agricultural sector is growing, many farmers have started to adopt agricultural vehicles. This advancement in agricultural sector has resulted in increase in sales of agricultural vehicles which has led to a rise in sales of OTR tires in the many countries across the globe.

In the regional segment, Asia Pacific has the highest market share and it is expected to grow during the forecasted period. In India, agriculture is the primary source of livelihood for more than 58% of the population. The Indian agricultural market is expected to grow in the coming year as more than the half population is heavily dependent on farming and every year agricultural sector is growing. Indian agricultural market has huge contribution toward the global food trade due to its enormous prospects for productivity improvement, especially in the food industry worldwide.

In the tire type segments, radial tires occupied the largest market share of more than 50% in the year 2022, and same is expected to grow in the coming year. The bias tries are in the market for the long time but after the introduction of radial tires many agricultural manufacturers shifted their preference toward the radial tires, as the design of radial tires are better than bias tires and also they have more benefits due to which agricultural manufacturers and in aftermarket the demand of radial tires are high compared to bias tires, but in some countries still nowadays, bias tires are preferred by the buyers.     

Some of the major players operating in the global agricultural tire market include:

• Michelin Group
• Balkrishna Industries Limited (BKT)
• Apollo Tyres ltd
• Bridgestone Corporation
• Continental AG
• Goodyear Tire and Rubber Company
• Madras Rubber Factory Ltd
• The Yokohama Rubber Co., Ltd.
• Toyo Tire Corporation
• Zhongce Rubber Group Co., Ltd.

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“Many companies are investing in research and development of agricultural tires sector, this will introduce advanced tires that will meet the demand of the buyers in the market, also in many countries governments are spending heavily to promote mechanization in agricultural fields, this will directly affect the agricultural tire market in positive way, "said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

News : https://www.techsciresearch.com/news/8036-agricultural-tire-market.html

“Global Agricultural Tire Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Application Type (Tractors, Combine Harvester, Sprayers, Trailers, Loaders, Others), By Sales Channel (OEM, Aftermarket), By Tire Type (Bias Type, Radial Type) and By Region, Competition has evaluated the future growth potential of global agricultural tire market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global agricultural tire market.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Website: https://www.techsciresearch.com

United States Pickup Truck Market Accounted for 50.57% of sales in Overall Vehicle Sales in 2021

 

The advancement in technologies for manufacturing pickup trucks and its capacity and capability leads to growth of United States pickup market.

According to the TechSci Research report, "United States Pickup Truck Market-By Region Competition Forecast & Opportunities, 2028F", the United States pickup truck market is anticipated to reach USD 247.5 billion by 2028, growing at impressive rate in the next five years.

In United States pickup trucks are way more famous among the other vehicles, which make it customers first choice, people prefer to buy pickup trucks in the country because it has many benefits over the other passenger cars such as, machines which are used in pickup trucks have dynamic and high-performance which make it able to carry heavy loads along with itself and also pickup trucks have the open space at the back which make it able to carry heavy items and loads. 

Pick trucks has shown incremental sales in the year 2021 in United States which stands around 50.57% of the total sales amongst the vehicle. Presently, pickup truck manufacturers are focusing more on customer-centric features while making tech-laden luxury pickup trucks. Most of the buyers in United States are looking for the vehicles which can help them in many ways such as for carrying heavy loads or to tow the boats, trailers etc. pickup trucks offer a degree of versatility as they have towing capacity, pickup trucks are safer than any other vehicles, pickup trucks have more spaces, storage and seating capacity as compared to any other vehicles. Pickup trucks can also be used as a off road vehicles and can fill all the need of the customers, due to this the demand of pickup trucks are more in the United States.    

Browse more than XX market data Figures spread through XX Pages and an in-depth TOC on  "United States Pickup Truck Market"

https://www.techsciresearch.com/report/united-states-pickup-truck-market/14255.html

The United States pickup truck market can be segmented based on by vehicle type, by propulsion type, by application type, by region and by company. Based on vehicle type, the compact pickup truck market currently dominates United States pickup truck market with the highest share amongst all vehicle types. In the forecasted years full-sized pickup truck is the fastest growing segment as it has more space and stronger power engines that provides much better experience while driving, the region for higher growing rate of full-sized pickup truck in the forecasted year is its luxurious style and better engine performance with much heavy load carrying capacity.

The pickup trucks have more resales value than other passenger cars in the United States. Nowadays, the price of pickup truck is much higher compared to last few years, due to this the people of United are preferring to buy the second-hand pickup truck which cost them low compared to the new one. Although the automotive industry has faced many challenges in the past few years such as shortage of semiconductors, due to this the production of the pickup trucks in the United States is hampering. The resale value of pickup truck is high in the market as demand of pickup truck in the market are much higher and the production is low which do not match the demand of the people in the United States. People in United States buy second hand pickup trucks as they are available in good condition and people prefer it because of the cost-effectiveness, due to this advantage demand of pickup truck in the market is high.

One of the major advantages of pickup truck over the other vehicle type is that it has high towing power with it. Pickup truck helps to tow the boat and trailers, most of the people in United States have their own private boat and trailers which are used while traveling from one place to another. People in United States prefer to buy pickup trucks over other passenger car because they have much high-power engine compared to other normal vehicles. Pickup trucks are helpful to haul the heavy weight of trailers, and boat compared to the passenger cars.

The sales of pickup truck among the other vehicle types is high due to all these factors, Alongside, it is estimated that the pickup truck will continue to dominate the market in terms of sales in the coming up year.

Some of the major players operating in the United States Pickup Truck Market include:

• RAM         
• GMC (General Motors Company)
• Ford Motor Company
• Isuzu Motor
• Mercedes Benz
• Toyota Motor Corporation
• Nissan Motor Company
• Honda Motor
• Hyundai Motor Company
• Rivian

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“Many companies are investing in research and development of pickup truck, which will introduce the electric pickup truck that will meet the demand of the buyers in the market, with the time companies are introducing new models of pickup truck for the customer and also to meet the demand of pickup truck in the market." said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“United States Pickup Truck Market By Vehicle Type (Compact Pickup Truck, Mid-Sized Pickup Truck, Full-Sized Pickup Truck, Heavy-Duty Pickup Truck), By Propulsion Type (Diesel, Gasoline, Hybrid, Electric), By Application Type (Haul Lumber, Commercial Use, Construction Use, & Others), By Region, Competition Forecast & Opportunities, 2028F” has evaluated the future growth potential of United States pickup truck market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States pickup truck market.

News : https://www.techsciresearch.com/news/8005-united-states-pickup-truck-market.html

 

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Website: https://www.techsciresearch.com

Automotive Smart Lighting Market to be Dominated by Asia Pacific Region Through 2028

 Increasing adoption of green vehicles and demand of luxury vehicles drives the global automotive smart lighting market through 2028.

According to TechSci Research report, “Automotive Smart Lighting Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”, Global automotive smart lighting market is forecast to grow at brisk rate on account of rapidly escalating electric vehicle sales and advancements in technology improving the demand of both interior and exterior lighting system. For the safety of the vehicle, lighting technology is essential in motorised vehicles. Automakers are increasingly looking for strategies to stand apart in the challenging automotive industry by creating new exterior and interior lighting system style traits. Automotive designers are now able to define their unique style, appearance, and take advantage of modern technologies that provides greater flexibility and scalability across a variety of applications and vehicle types. LED technology has developed to enable advanced vehicle lighting applications such as Glare Free High Beam, Adaptive Driving Beam, and Rear Lighting.

Given that smart lighting consumes less power and last longer than traditional lighting in vehicles, many automakers are expressing their long-term interest in installing them in their vehicles. With the increasing prevalence of electric vehicles, the demand for automotive lighting industry is increasing. The intelligent automotive lighting market is largely driven by the increasing number of vehicles including luxury vehicles. Asia-Pacific is the market leader due to its substantial number of vehicle sales with smart lighting and overall annual growth compared to other regions, followed by North America and then European countries. China holds the largest market share in the Asia Pacific region

Browse more than XX market data Figures spread through XX Pages and an in-depth TOC on "Global Automotive Smart Lighting Market"

https://www.techsciresearch.com/report/automotive-smart-lighting-market/14260.html

Global automotive smart lighting market can be segmented based on vehicle type, propulsion type, application, technology, region, and by company. Based on vehicle type, the market is segmented into Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle. Based on propulsion type, it is further divided into ICE vehicles and electric vehicles. Based on Technology, the automotive smart lighting market is divided into Halogen, Xenon, LED, and Other Technologies.

Based on vehicle types, passenger car holds the majority because of consumer preference towards personal vehicle. Based on propulsion type, currently ICE vehicles hold the maximum share but in forecasted year, electric vehicle segment is expected to account for the higher CAGR. In addition, companies are developing and integrating a wide range of solutions for external vehicle lighting systems, as well as innovative sensors to support future ADAS capabilities, including LiDAR sensor technology.

According to World Health Organisation, part of road accidents happens due to improper lighting system in vehicle. Hence, the companies are investing in R&D and innovation to develop smart lighting with driver assistance and proximity sensors which further boost the demand for automotive smart lighting market

Some of the major companies operating in the global automotive smart lighting market include:

• Hella GmbH & Co. KGaA
• Stanley Electric Co., Ltd.
• Hyundai Mobis
• Valeo Group
• ZIZALA Lichtsysteme GmbH
• Koninklijke Philips N.V.
• General Electric
• Denso Corporation
• Robert Bosch GmbH
• Magneti Marelli SpA

These are the key players developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers with tech firms, new product developments, and marketing activities to increase customer outreach.

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“In 2022, Asia-Pacific region accounted for the largest market share while leading the global automotive smart lighting market and the trend is likely to continue through 2028. Following Asia-Pacific, North America led the market due to greater number of luxury vehicles on road. Automotive smart lighting shows promising development in extending range of electric vehicle.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Automotive Smart Lighting Market- Global Industry Size, Share, Trends,  Opportunity, and Forecast, 2018-2028F” has evaluated the future growth potential of global automotive smart lighting market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global automotive smart lighting market.

Press Release : https://www.techsciresearch.com/news/8010-automotive-smart-lighting-market.html

 

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Website: https://www.techsciresearch.com

Global Agricultural Tire Market Size, Growth, Trends & Opportunity Forecast 2028

 Increasingly favourable government initiatives for the agricultural sector in various countries and development in technology of agricultural vehicles has increased the adoption of vehicles which lead to increase the sales of OTR tires. 

According to the TechSci Research report, "Global Agricultural Tire Market -Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F", the global agricultural tire market is anticipated to grow at a decent rate in the forecast year 2023-2028. The global agricultural tire market is growing due change in way of farming across the globe in many countries. The increasing demand for the food security and increasing population has accelerated the way of modern farming. The agricultural sector in various countries has witness growth in the past few years. Various country’s government have invested in this sector due to which the demand for efficient and productive agricultural machinery end-products has increased in most of the developed nations, owing to which the agricultural tire market is expected to grow during the forecast period. Moreover, the expanding population and advancement in technology of agricultural vehicle equipment has raised the demand for the agricultural vehicles as well as for the OTR tires. This is one of the primary factors driving the global agriculture tire market growth.

In some regions, the demand for locally produced OTR tires increased after the trade war between China and other countries. Due to this trade war, import duties were increased due to which the price of OTR tires were also increased. As many countries, don’t have their own manufacturing plants for tires, they are mostly dependent on imported tires.

Additionally, with innovation in technology and growing demand in the agricultural market, many tire manufacturers has invested in the research and development for the new range of very high flexion agricultural tires.

Browse more than XX market data Figures spread through XX Pages and an in-depth TOC on "Global Agricultural Tire Market"

The global agricultural tire market is segmented based on by application type, by sales channel, by tire type, by region and by company. Based on application type, tractors dominated the market in the year 2022, and it is expected that same will grow with good share during the forecast year. Trailers come at the second position with the highest market share. The adoption of the advanced agricultural machinery tools in agricultural operations has increased in last few years, due to increased liberalization which has radically reinforced a structural evolution in the agricultural sector. In many countries the adoption of tractors, combine harvester, and loaders etc. has increased to lower the labor workload and as the agricultural sector is growing, many farmers have started to adopt agricultural vehicles. This advancement in agricultural sector has resulted in increase in sales of agricultural vehicles which has led to a rise in sales of OTR tires in the many countries across the globe.

In the regional segment, Asia Pacific has the highest market share and it is expected to grow during the forecasted period. In India, agriculture is the primary source of livelihood for more than 58% of the population. The Indian agricultural market is expected to grow in the coming year as more than the half population is heavily dependent on farming and every year agricultural sector is growing. Indian agricultural market has huge contribution toward the global food trade due to its enormous prospects for productivity improvement, especially in the food industry worldwide.

In the tire type segments, radial tires occupied the largest market share of more than 50% in the year 2022, and same is expected to grow in the coming year. The bias tries are in the market for the long time but after the introduction of radial tires many agricultural manufacturers shifted their preference toward the radial tires, as the design of radial tires are better than bias tires and also they have more benefits due to which agricultural manufacturers and in aftermarket the demand of radial tires are high compared to bias tires, but in some countries still nowadays, bias tires are preferred by the buyers.     

Some of the major players operating in the global agricultural tire market include:

• Michelin Group
• Balkrishna Industries Limited (BKT)
• Apollo Tyres ltd
• Bridgestone Corporation
• Continental AG
• Goodyear Tire and Rubber Company
• Madras Rubber Factory Ltd
• The Yokohama Rubber Co., Ltd.
• Toyo Tire Corporation
• Zhongce Rubber Group Co., Ltd.

Download Free Sample Report

Customers can also request for 10% free customization on this report.

“Many companies are investing in research and development of agricultural tires sector, this will introduce advanced tires that will meet the demand of the buyers in the market, also in many countries governments are spending heavily to promote mechanization in agricultural fields, this will directly affect the agricultural tire market in positive way, "said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Global Agricultural Tire Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Application Type (Tractors, Combine Harvester, Sprayers, Trailers, Loaders, Others), By Sales Channel (OEM, Aftermarket), By Tire Type (Bias Type, Radial Type) and By Region, Competition has evaluated the future growth potential of global agricultural tire market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global agricultural tire market.

Press release : https://www.techsciresearch.com/news/8036-agricultural-tire-market.html

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Website: https://www.techsciresearch.com

Global Bus and Coach Market to be Led by Bus Segment through 2028

 

Increasing adoption of electric buses and increasing urbanization in developing countries is expected to drive the Global Bus and Coach Market through 2028.

According to TechSci Research report, “Bus and Coach Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028”, Global bus and coach market is growing due to increasing number of green vehicles technology and rise in tourism across all regions. The buses and coaches market consists of the sales of buses and coaches, with buses dominating the industry. Coaches are gaining popularity for long-distance travels in both North America and Europe, which is enabling the market to grow. In order to ease traffic congestion, minimize accidents, and conserve fuel, the majority of bus and coach manufacturers are investing in connected vehicle technologies. Additionally, it is expected that rising demand for bus transportation is expected to drive the global bus and coach market.

As a result of concerns about poor air quality and health as well as growing fuel prices, a significant number of transportation organizations are transitioning to hybrid-electric buses. IC engine and electric motor are combined in a hybrid drive system to produce less emission and have excellent fuel efficiency. Furthermore, growing need for electric buses and coaches for public transit in European nations leads to growing fleet size. Governments in several nations are developing frameworks and policies to support energy-efficient and low-impact vehicles in an effort to speed up the adoption of electric buses. Additionally, the demand for transportation has expanded due to rapid urbanization, particularly in developing nations, which is also boosting the global market for buses and coaches. The growth of global bus and coach market was constrained by the historically unstable global pricing of metals such as copper, steel, and other metals.

The autonomous bus is another significant trend that is growing in popularity in the market for buses and coaches. In autonomous buses, many manufacturers are making investments. In 2021, the Asia Pacific market have produced more than 1,40,000 buses, surpassing Europe and North America region combine. Based on Vehicle type buses has more shares than coaches due to majority of countries infrastructure is suitable for bus travel. On the basis of fuel types of diesel buses dominate the market. On the basis of length, 8-10m buses are more popular bus models. On the basis of seating capacity, majority of buses have 31-40 seats. Based on body type, fully built bus segment is dominating the market.

Browse more than XX market data Figures spread through XX Pages and an in-depth TOC on "Global Bus and Coach Market"

 The global bus and coach market can be segmented based on vehicle type, bus type, fuel type, length, seating capacity, body type, region, and by company. On the basis of vehicle type, it is divided into bus and coaches. Based on bus type, the market is segmented into intercity bus and intracity bus. On the basis of length, the bus and coach market is divided into 6-8m, 8-10m, 10-12m, above 12m. Based on seating capacity, it is further divided into up to 30, 31-40, 41-50, and above 50. Based on body type, it is divided into fully built and customizable body.

Some of the major companies operating in the Global Bus and Coach Market include:

• Mercedes-Benz AG (Daimler AG)
• VDL Bus and Coach
• Scania AB
• AB Volvo
• Marcopolo S.A.
• Solaris Bus and Coach SA
• Zhengzhou Yutong Bus
• Alexander Dennis
• Xiamen King Long United Automotive
• Zhengzhou Yutong Bus Co. Ltd.

These are the key players developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers with tech firms, new product developments, and marketing activities to increase customer outreach.

Download Free Sample Report

Customers can also request for 10% free customization on this report.

The maximum number of buses were made in Asia-Pacific, which propelled this region to the top of the global bus and coach market. Also, rapid urbanization in developing countries is expected to boost the bus and coach market in the upcoming years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Bus and Coach Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027” has evaluated the future growth potential of Global Bus and Coach Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global bus and coach market.

Press Release : https://www.techsciresearch.com/news/8035-bus-and-coach-market.html

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Website: https://www.techsciresearch.com

United States Electric Vehicle Mobility Market to Grow in Terms of Value By 2028

 

According to the TechSci Research report, "United States Electric Vehicle Mobility Market - By Region, Competition Forecast & Opportunities, 2018-2028,” The United States electric vehicle mobility market is anticipated to grow at a decent rate in the forecast period 2023-2028. The sales of electric vehicles in the passenger cars, two-wheeler, and three-wheeler segments have increased with time. According to the data of  IEA (International Energy Agency) around 608 thousand units of all electric vehicles including plug-in hybrid electric vehicles (PHEVs) were sold in the year 2021, which was nearly double of the 308 thousand units of electric vehicles sold in year 2020. The sales of electric two-wheeler have also increased with time as the high demand for electric vehicles among the young generation has risen. There are many online platforms which are providing electric scooters and motorcycles to the customer easily through there site. Thus many companies have increased the manufacturing capacity for electric vehicles to meet the increased demand. In the United States the most popular electric car is Tesla  by tesla, Inc. The company has  the highest market share among the major players in the country. The company offers four different models of passenger cars which are the Tesla Model 3, Tesla Model S, Tesla Model X, and Tesla Model Y. The sales of these Tesla’s models till present day in 2022 is around 156,357 units for the Tesla Model 3, for Tesla Model S is 23, 464 units , for Tesla Model X 19,542 units, and for Tesla Model Y 191,451 units these are the highest number in electric vehicles sales among the other companies in United States. 

As the demand for the electric vehicles has increased in the country, many automotive companies have stated to invest in the electric vehicle segment. Furthermore, electric vehicle manufacturing companies have increased their production capacity to meet the market demand.

Additionally, with technological innovation and growing demand for electric vehicles, automotive manufacturers have started to invest in research and development for the new vehicle range that will meet market demand.

Browse more than XX market data Figures spread through XX Pages and an in-depth TOC on "United States Electric Vehicle Mobility Market"

https://www.techsciresearch.com/report/united-states-electric-mobility-market/14335.html

 

The United States electric vehicle mobility market can be segmented based on  product type,  battery type,  voltage,  region and  company. Based on product type, electric scooter dominates the market in the year 2022, and it is anticipated that electric cars will grow with decent share in the coming years.

In the product type segment, the demand for electric scooters is also increasing as the market for folding mobility scooters has expanded as a result of the introduction of next-generation technologies and the requirement for product differentiation. The dearth of parking spaces in major cities is one of the main causes driving up demand for these types of scooters. Due to their freedom from the early limitations of strength and weight, these scooters have become more popular in the United States. Additionally, the demand for foldable electric scooters has driven manufacturers to innovate with regard to the growing traffic and mobility. These scooters provide versatility while consuming the least amount of energy possible and are simple to fold up into a suitcase-sized package.

The battery segment consists of lithium-ion (Li-Ion), nickel-metal hydride (NiMH), and sealed lead acid batteries. Building more efficient, lightweight, high-performance, and small electric scooters depends largely on the batteries. The Li-Ion battery market is anticipated to develop at the fastest rate. Li-Ion battery adoption is encouraged by features like a quicker charge time, greater environmental friendliness, and a longer battery life. These features are anticipated to provide plenty of chances in the market for electric scooters. It is anticipated that the increasing use of these batteries would reduce the cost of manufacturing and deploying electric scooters to some level. Currently, the majority of electric vehicle sales worldwide are made up of scooters. With the high demand for electric scooters in the market, sales have increased, which has anticipated the growth of the United States electric vehicle mobility market in the coming years.

Some of the major players operating in the United States electric vehicle mobility market include:

• Kia Corporation
• Tesla, Inc
• Hyundai Motor Company
• Segway Inc.
• Yadea Technology Group Co., Ltd.
• Zero Motorcycles, Inc
• BAIC Automotive Group Co., Ltd.
• Harley-Davidson Motor Company Group, Inc
• Nissan Motor Co., Ltd.
• Bird Rides Inc.

Download Free Sample Report

Customers can also request for 10% free customization on this report.

The automobile industry has a strong commitment to the growth of e-mobility since zero-emission or low-emission vehicles significantly contribute to the preservation of the environment. Depleting fossil fuel reserves, the increasing demand for more affordable mobility alternatives in ever-growing metropolitan areas, and OEMs' increased attention to the development of alternative propulsion systems are all factors that are further supporting electric mobility solutions. The United States government plans to go completely electric by 2050, as all new vehicles purchased will include only electric vehicles and not ignition-based ones. All these factors will directly affect the United States Electric Vehicle Mobility market in a positive way and are anticipated to grow the market in the coming years,”said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“United States Electric Mobility Market By Product Type (Electric Scooter, Electric Motorcycle, Electric Car), By Battery Type (Sealed Lead Acid, NiMH, Li-ion), By Voltage (24V, 36V, 48V, Greater than 48V),  By Region, Competition Forecast & Opportunities, 2018-2028,”  has evaluated the future growth potential of United States Electric Vehicle Mobility Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States Electric Vehicle Mobility Market.

Press Release : https://www.techsciresearch.com/news/8087-united-states-electric-vehicle-mobility-market.html

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Web:  https://www.techsciresearch.com