India Cryogenic Tanker Market to grow at a CAGR of 5.65% through 2028

 Growing crude oil prices and strict emission standards are expected to drive the growth for global electric 4 wheel drive car market in the forecast period, 2023-2027.

According to TechSci Research report, “Electric 4 Wheel Drive Car Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”, the global electric 4 wheel drive car market is anticipated to grow at a steady CAGR in the forecast period, 2023-2027. The front and rear wheels of an electric 4 wheel drive car are powered by a motor, and these may or may not be powered by the same motor. Torque is divided among the four wheels of an electric vehicle by the two motors used for each axle. The rise in demand for better traction control and vehicle handling capacity is contributing to the market demand. Electric 4 wheel drive cars save energy during low load running by efficiently distributing the power between two or more motors, enhancing power, and lowering energy loss. The growing demand for increased vehicle mileage is expected to drive the demand of the global electric 4 wheel drive car market. The rise in the number of the launch of models of electric vehicle SUVs and the growing use of intelligent electric 4 wheel drive car systems is fueling the sales of electric vehicles.

Electric vehicles have lower maintenance costs and produce no noise while traveling. They have lower running costs than conventional four-wheeler vehicles and conveniently charge them at home. The electric vehicle offers storage space and comfortable cabin space and is environment-friendly, which is one of the major reasons for its high sales across the globe.

However, the increased cost of maintenance and the extra equipment adds complexity and weight to the vehicle, which may restrain the growth of the global electric 4 wheel drive car market in the forecast period.

Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Global Electric 4 Wheel Drive Car Market"

https://www.techsciresearch.com/report/electric-4-wheel-drive-car-market/8155.html

The global electric 4 wheel drive car market is segmented on the basis of propulsion, vehicle type, battery capacity, competitive landscape, and regional distribution.

Based on the propulsion, the global electric 4 wheel drive car market is divided into BEV, HEV, and PHEV. BEV is short for battery electric vehicles, and these are powered entirely by electricity and do not use fuel tanks or exhaust pipes. The presence of large onboard battery charges one or more motors, and the users can charge the battery by using an external outlet. Hybrid electric vehicle (HEV) uses two types of power sources that a fuel-based engine and an electric motor with a larger battery. It also supports regenerative braking, which charges the engine every time the brake is applied. Plug-in hybrid electric vehicle (PHEV) consists of an electric motor charged by an electric plug and a fuel-based ICE. PHEV can travel longer distances by using electric power owing to the increased battery size and ability to recharge from the grid.

Press Release : https://www.techsciresearch.com/news/6761-electric-4-wheel-drive-car-market.html

Based on the vehicle type, the global electric 4 wheel drive car market is divided into hatchback, sedan, and SUV. The hatchback segment is expected to witness the fastest incremental growth in five years. Hatchbacks are smaller electric vehicles and can hold four to five passengers. They are more affordable than their counterparts which is one of the major reasons for their high demand worldwide.

Based on the regional analysis, the Asia-pacific region is expected to hold the largest market share in the forecast period. Ongoing technological advancements and the booming automotive industry fuel the shift of vehicle operations from complex mechanical systems to electronically control systems. Shift to the adoption of the advanced system is accelerating the adoption of 4 wheel drive car systems, therefore significantly contributing to the market growth.

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Major market players operating in the global electric 4 wheel drive car market are:

• Volkswagen Group
• BMW AG
• Hyundai Motor Company
• Daimler AG
• Tesla INC
• Toyota Motor Company

“Increasing demand for fuel-efficient, high-performance vehicles fuels the demand for electric vehicles across the globe. Market players are investing heavily in upgrading the existing infrastructure and finding innovative technologies to enhance the consumer experience. The development of fast-charging stations to charge electric vehicles, reduce the cost of electric vehicle batteries, and the government's support is boosting the demand for electric vehicles. Change in preference of consumers to cover long distances via road trips and the growing consciousness of consumers about the benefits of traveling by electric vehicles are expected to propel the global electric 4 wheel drive car market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.

“Electric 4 Wheel Drive Car Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”, has evaluated the future growth potential of global electric 4 wheel drive car 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 global electric 4 wheel drive car market.

 

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Electric 4 Wheel Drive Car Market to be dominated by Asia-pacific region through 2027

 Growing crude oil prices and strict emission standards are expected to drive the growth for global electric 4 wheel drive car market in the forecast period, 2023-2027.

According to TechSci Research report, “Electric 4 Wheel Drive Car Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”, the global electric 4 wheel drive car market is anticipated to grow at a steady CAGR in the forecast period, 2023-2027. The front and rear wheels of an electric 4 wheel drive car are powered by a motor, and these may or may not be powered by the same motor. Torque is divided among the four wheels of an electric vehicle by the two motors used for each axle. The rise in demand for better traction control and vehicle handling capacity is contributing to the market demand. Electric 4 wheel drive cars save energy during low load running by efficiently distributing the power between two or more motors, enhancing power, and lowering energy loss. The growing demand for increased vehicle mileage is expected to drive the demand of the global electric 4 wheel drive car market. The rise in the number of the launch of models of electric vehicle SUVs and the growing use of intelligent electric 4 wheel drive car systems is fueling the sales of electric vehicles.

Electric vehicles have lower maintenance costs and produce no noise while traveling. They have lower running costs than conventional four-wheeler vehicles and conveniently charge them at home. The electric vehicle offers storage space and comfortable cabin space and is environment-friendly, which is one of the major reasons for its high sales across the globe.

However, the increased cost of maintenance and the extra equipment adds complexity and weight to the vehicle, which may restrain the growth of the global electric 4 wheel drive car market in the forecast period. 

Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Global Electric 4 Wheel Drive Car Market"

https://www.techsciresearch.com/report/electric-4-wheel-drive-car-market/8155.html

The global electric 4 wheel drive car market is segmented on the basis of propulsion, vehicle type, battery capacity, competitive landscape, and regional distribution.

Based on the propulsion, the global electric 4 wheel drive car market is divided into BEV, HEV, and PHEV. BEV is short for battery electric vehicles, and these are powered entirely by electricity and do not use fuel tanks or exhaust pipes. The presence of large onboard battery charges one or more motors, and the users can charge the battery by using an external outlet. Hybrid electric vehicle (HEV) uses two types of power sources that a fuel-based engine and an electric motor with a larger battery. It also supports regenerative braking, which charges the engine every time the brake is applied. Plug-in hybrid electric vehicle (PHEV) consists of an electric motor charged by an electric plug and a fuel-based ICE. PHEV can travel longer distances by using electric power owing to the increased battery size and ability to recharge from the grid.

Press Release : https://www.techsciresearch.com/news/6761-electric-4-wheel-drive-car-market.html

Based on the vehicle type, the global electric 4 wheel drive car market is divided into hatchback, sedan, and SUV. The hatchback segment is expected to witness the fastest incremental growth in five years. Hatchbacks are smaller electric vehicles and can hold four to five passengers. They are more affordable than their counterparts which is one of the major reasons for their high demand worldwide.

Based on the regional analysis, the Asia-pacific region is expected to hold the largest market share in the forecast period. Ongoing technological advancements and the booming automotive industry fuel the shift of vehicle operations from complex mechanical systems to electronically control systems. Shift to the adoption of the advanced system is accelerating the adoption of 4 wheel drive car systems, therefore significantly contributing to the market growth.

Major market players operating in the global electric 4 wheel drive car market are:

• Volkswagen Group
• BMW AG
• Hyundai Motor Company
• Daimler AG
• Tesla INC
• Toyota Motor Company

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“Increasing demand for fuel-efficient, high-performance vehicles fuels the demand for electric vehicles across the globe. Market players are investing heavily in upgrading the existing infrastructure and finding innovative technologies to enhance the consumer experience. The development of fast-charging stations to charge electric vehicles, reduce the cost of electric vehicle batteries, and the government's support is boosting the demand for electric vehicles. Change in preference of consumers to cover long distances via road trips and the growing consciousness of consumers about the benefits of traveling by electric vehicles are expected to propel the global electric 4 wheel drive car market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.

“Electric 4 Wheel Drive Car Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”, has evaluated the future growth potential of global electric 4 wheel drive car 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 global electric 4 wheel drive car market.

 

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Mr. Ken Mathews

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New York – 10017

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Egypt Automotive Aftermarket Growth, Trend & Analysis By 2027

 The growing vehicle sales of new and preowned vehicles along with the ageing vehicle fleet and poor road infrastructure is anticipated to accelerate the market growth in the forecast period, 2023-2027. 

According to TechSci Research report, “Egypt Automotive Aftermarket By Region, Competition Forecast & Opportunities, 2027”, the Egypt automotive aftermarket is expected to witness growth at a significant rate in 2023-2027. The escalating demand for electric vehicles consequently of stringent emission standards for automobiles significantly increases the electric vehicle sales across Egypt. Various automakers are working to extend their range of electric vehicles which supports the market growth. Elevated adoption of electric vehicles has resulted from numerous factors including escalating demand for fuel-efficient, high-performance, and low-emission vehicles, as well as strict government rules and regulations about the vehicle emissions which further creating lucrative opportunities for auto part manufacturers in the aftermarket. Technological breakthroughs progressions, growing and developing manufacturing sector, and ideal demographics with most of the population being under 30 years are some of the factors cushioning the development of the automotive sector. The advancement in materials and innovation used for vehicle producing, the average lifespan of vehicles has increased generously. The quality of vehicles has been essentially grown over the past decade which allows customers to progressively keeping old vehicles as their second vehicles instead of exchanging or scrapping them. The increasing increased vehicle age, escalating the huge requirement for substitution of parts, repair, and maintenance, which is relied upon to drive the auto parts industry in the aftermarket.

However, the expanding adoption of vehicle safety technologies coupled with the rising electric vehicle sales is expected to hamper the automotive aftermarket in the coming years.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "Egypt Automotive Aftermarket"

https://www.techsciresearch.com/report/egypt-automotive-aftermarket-market/10712.html

The Egypt automotive aftermarket is segmented into vehicle type, component, service channel, customer segment, regional distribution, and competitive landscape. into B2B, B2C.

Based on vehicle type, the market is segmented into two-wheeler, passenger car, LCV, M&HCV. Passenger car segment is projected to share the largest revenue the market in the forecast period, 2023-2027. This is due to increase in the fleet size of passenger cars which is estimated to witness the growth of this segment during the forecast period.

Based on the component, the market is divided into tires, body & mechanical parts, batteries, accessories & vehicle care products, lubricants. Accessories & vehicle care products segment is expected to dominate the market in the forecast years, 2023-2027. The escalating demand for vehicle customization, which offers aesthetic look, lightness, high standards of design, engineering, and safety functions.

Several key market players operating in the Egypt automotive aftermarket is:

• Michelin Group
• Pirelli & C. S.p.A.
• Trenco Transport and Engineering Co.
• Continental AG
• Bridgestone
• Robert Bosch GmbH
• Denso Corporation
• Roland Berger
• Shell Egypt
• Egyptian Plastic & Electrical Industries Co.

Press Release : https://www.techsciresearch.com/news/7410-egypt-automotive-aftermarket.html

“The Egyptian automotive aftermarket is well-positioned to offer great opportunities for parts producers, distributors, and service providers. Several favourable framework conditions, the intensity of competition locally is expected to rise over the future years. As the producers’ parts are increasingly looking at the African continent, Egypt will likely be a prime target for many. Producers is showing interest in investing in more own structures on the ground or, in some product categories, look for options to add value locally to capture more significant market shares. The launch of new innovations, which is bolstering the development of automotive parts. Consequently, the key participants are adjusting their methodologies to market trends to keep up with the intensity in a particularly dynamic environment. The escalating demand for automotive parts owing to the latest technology in car engine clutches propels the market growth. Prominent businesses are presently intending to utilize lightweight materials to manufacture parts that are altogether lightweight and more eco-friendly than their previous versions. The growing utilization of new technology and innovations in engines, such as hybrid engines, is more prevalent than in developing nations, like Egypt.  Rising demand for producing new vehicles with minimized utilization of fuel is supported by increasing government support with moderately stricter emission norms, bringing about more demand for automotive parts. All these aforementioned factors support the market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm”.

“Egypt Automotive Aftermarket Market By Vehicle Type (Two-Wheeler, Passenger Cars, Light Commercial Vehicles (LCV), Medium & Heavy Commercial Vehicle (M&HCV)), By Component (Tires, Body & Mechanical parts, Batteries, Accessories & Vehicle Care Products, Lubricants), By Service Channel (DIFM (Do it for Me), DIY (Do it Yourself), and OE (Delegating to OEM’s)), By Customer Segment (B2B, B2C)     , By Region, Competition Forecast & Opportunities, 2027 has analyzed the future growth potential of Egypt automotive repair and maintenance  market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and assist decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with significant drivers, challenges, and opportunities in Egypt automotive aftermarket.

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Egypt Automobile Rental’ Market to be dominated by online segment till 2027

 The growing demand for car rental services is anticipated to catalyze the growth of Egypt automobile rental’ market in the forecast period, 2023-2027. 

According to TechSci Research report, “Egypt Automobile Rental Market By Region, Competition Forecast & Opportunities, 2027”, the Egypt automobile rental market is expected to witness growth at a significant rate in 2023-2027. An automobile rental is an organization that rents automobiles for a required time period, the facility enables service people who require a temporary vehicle. These can be hired by a website enabling online reservations and are primarily located near airport or city areas and offered with a wide range of vehicle sizes to suit a variety of budgets and space requirements. Along with the vehicle, the car rental facility also provides some extra products including navigation systems, mobile phones, entertainment systems, portable Wi-Fi, and child safety seats. An automobile rental gives the convenience of reaching the destination in the required time, and it can often be cheaper than public transport alternatives, especially when traveling as a couple or a group. The growing popularity of smartphone-based online rental car booking apps, the automobile rental business has gotten a lot of attention. Customers can rent cars for a short or extended period of time from companies. The wide range of services are offered in tourist destinations and tier 1 and 2 cities. Rising levels of pollution and car pricing, as well as cost-effectiveness, are key elements driving the growth of an automobile rental market.

However, the increase in the price of crude oil and lack of awareness of rental software are anticipated to limit the growth of the automobile rental’ market in the forecast period.

Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "Egypt Automobile Rental Market"

https://www.techsciresearch.com/report/egypt-automobile-rental-market/10711.html

The Egypt automobile rental’ market is segmented into vehicle type, length, type, channel, regional distribution, and competitive landscape.

Based on vehicle type, the market is divided into two-wheeler, passenger car, LCV, M&HCV. Passenger car is the dominant segment of the automobile rental market in the coming years, 2023-2027. Most consumers prefer passenger automobiles as they are compact, fuel-efficient, and provide adequate comfort. Passenger automobiles have lower acquisition and maintenance expenses than luxury and executive cars, the majority of rental firms’ fleets are made up of these vehicles. This in turn is expected to fuel the market growth.

Based on length, the market is bifurcated into short term and long term. Long term segment is expected to dominate the market in the forecast period, 2023-2027. This is due to the growing demand for automated rental cars with advanced features for a long drive or for long tour across Egypt is projected to contribute to the growth of the market.

Based on the type, the market is categorized into self-driven, and chauffeur driven. Self-driven segment is expected to support the segmental growth. The increasing number individuals who know the driving is demanding the self-driven rental car which propels the market growth.

Based on channel, the market is bifurcated into online and offline. Online segment is projected to dominate the market in the coming years, 2023-2027. The increasing awareness among the people regarding the e-commerce sector and the advanced technologies which drives the segmental growth.

Several key market players operating in the Egypt automobile rental’ market is:

• Kayak
• Sixt
• Europcar
• Avis Rent A Car System, LLC
• Locanfy
• Bikebookig.com
• TruKKer Holding
• Reftruck Egypt
• Enterprise Holdings, Inc.
• VIPCars.com

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“The significant growth in the travel and tourism sector across the globe is one of the primary factors augmenting the growth of the automobile rental industry. With this, the expanding urban population along with the growing inclination toward adventure and travel is also providing a boost to the market growth. In addition to this, the elevating adoption of car rental services among individuals in the form of taxis and carpooling for increased mobility and cost-effective traveling. This is further fuelling the growth of the market. The stringent implementation of favourable government policies, coupled with the growing awareness regarding environment conservation, is acting as another significant growth-inducing factor. Government authorities of both the developed and emerging economies are emphasizing on reducing their vehicular emissions and promoting car rental services as one of the most economical modes of transportation. Additionally, the introduction of car rental services through websites and smartphone-based applications, along with the high expenditure capacities of the masses, are projected to accelerate the automobile rental market’s growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm”.

“EgyptAutomobile Rental Market By Vehicle Type (Two-Wheeler, Passenger Car, LCV, M&HCV), By Length (Short Term, Long Term), By Type (Self Driven, Chauffeur Driven), By Channel (Online, Offline), By Region, Competition Forecast & Opportunities, 2027 has analyzed the future growth potential of Egypt automobile rental market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and assist decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with significant drivers, challenges, and opportunities in Egypt automobile rental market.

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Saudi Arabia Facility Management Market to grow at a CAGR of 6.97% through 2027

 Due to the growing integration of facility management in building design for managing and controlling the facilities is likely to open huge opportunities for the Saudi Arabia Facility Management Market through forecast period.

According to TechSci Research report, “Saudi Arabia Facility Management Market, By Region, By Company, Forecast & Opportunities, 2017- 2027F”, the Saudi Arabia facility management market stood at USD23.30 billion in 2021 and is expected to register a CAGR of 6.97% in the forecast period, 2023-2027, to reach USD34.97 billion by 2027. The market is driven by the growing focus of leading authorities on the development of smart cities and the increased focus on improving the existing facility management services. The government of Saudi Arabia has started promoting environment-friendly alternatives to lower carbon emissions into the environment and minimize energy consumption. Saudi Arabia is encouraging the construction of green buildings by making high-end investments towards the construction of green buildings. Leadership in Energy and Environmental Design (LEED) certified green building projects had been filed in the country. It requires the facility management service providers as it needs to incorporate smart building solutions in green buildings. Also, the growing popularity of the internet of things (IoT), digital transformation and the massive demand for outsourcing facility management solutions are the other factors expected to accelerate the growth of Saudi Arabia facility management market over the next five years.

However, the lack of trained professionals may restrain the growth of the Saudi Arabia facility management market through the forecast period.

Browse over 43 market data Figures spread through 116 Pages and an in-depth TOC on "Saudi Arabia Facility Management Market"

https://www.techsciresearch.com/report/saudi-arabia-facility-management-market/3968.html

Saudi Arabia facility management market is segmented into service, end user, type, industry, regional distribution, and competitive landscape.

Based on service, the market is divided into property, cleaning, security, support, catering & others. Property management services dominated the market in 2021 and held 33.37% of the overall market share. It is expected to maintain its dominance over the next five years. Rapidly growing industrial and commercial sectors of the country and the increased expenditure capacity of the consumers are driving the demand for property management services. Other factors, such as easy finance availability and favorable government policies, also accelerate the market demand.

Based on the end user, the market is divided into commercial, residential, and industrial. Commercial led the market in 2021 and captured 41.24% of the overall market share. It is expected to witness the highest CAGR of 8.11% in the forecast period, 2023-2027. As a part of Saudi Vision 2030, the government allocated USD425 billion for infrastructure development, including the growth of energy, mining, and the industrial and commercial sector of the country. Also, the upcoming projects such as The Kingdom Tower in Jeddah are expected to fuel the demand for the Saudi Arabia facility management market in the forecast period.

Major market players operating in Saudi Arabia facility management market are:

• Saudi EMCOR Company Ltd (EFS Facility Management)
• Khidmah LLC
• Enova Facilities Management Services LLC
• Muheel Services for Maintenance & Operations LLC
• Musanadah Facilities Management Co. LTD
• Al Mahmal Facilities Services
• Al Khozama Facility Management Services
• Five Moons Company Ltd
• Takamul AlOula Facility Management
• Al Borj Facility Management
• Saudi Binladin Group Operation & Maintenance
• Sodexo Saudi Arabia LLC
• JLL MENA

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“Makkah region accounted for 31.04% share of the overall market and is expected to be the most lucrative market in the forecast period, 2023-2027. Jeddah, the commercial capital of the country, and the Mecca city holy pilgrim site for Muslims are located in this region. The high footfall of tourists is boosting the hospitality industry in the region. Also, the increased investments from public and private players to develop infrastructure in the region are expected to fuel the demand for facility management services in the region. Market players are advised to focus on the Makkah region and offer cost-effective solutions to end-users which is expected to propel the growth of Saudi Arabia facility management market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Saudi Arabia Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By End User (Commercial, Residential, and Industrial), By Type (Hard and Soft), By Industry (Organized and Unorganized), and By Region (Makkah, Riyadh, Eastern Province & Rest of Saudi Arabia), Competition, Forecast & Opportunities, 2017-2027”, has evaluated the future growth potential of Saudi Arabia facility management 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 to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia facility management market.

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Electric Three Wheeler Market to Grow at a CAGR of 6.50% During the Forecast Period

 Rising demand for emission free public transportation is driving the growth in global electric three-wheeler market in the forecast period, 2023-2027

According to TechSci Research report, “Electric Three Wheeler Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027”. The global electric three-wheeler market stood at USD1,387.98 million in 2017 and is expected to grow at a steady CAGR of 6.50% during the forecast period to reach USD 2,323.50 million in 2027 on account of rising demand for emission free public transportation and increasing environmental concerns.

Electric three-wheelers classified into passenger carrier and load carrier, are battery powered electric vehicles equipped with three wheels, designed to be driven by a single driver. The propulsion system and accessory system of an electric three-wheeler is powered exclusively by a zero-emissions on-board electricity source stored on board.

The growing number of market participants and presence of Chinese unorganized market will also contribute significantly to the global electric three-wheeler industry's growth over the next five years. The growth in ongoing research and development to develop more efficient batteries that can be charged in lesser time intervals and have more kilometer’s range. Apart from research and development in the three-wheeler industry, factors such as growing health concerns, increasing environmental concerns, growing electric three-wheeler manufacturing, rising demand for emission free public transportation, lower maintenance and running cost accompanied with rising government support for electric vehicles through subsidies and incentives are expected to propel the market in the upcoming five years, boosting the electric three-wheeler industry worldwide. Factors such as high cost of replacing a battery, shortage of skilled mechanics, lower kilometers range, lacking charging infrastructure combined with shortfall of awareness are some of the primary challenges limiting the market's development.

Browse over 184 market data Figures and spread through 110 Pages and an in-depth TOC on " Global Electric Three-Wheeler Market"

https://www.techsciresearch.com/report/global-electric-three-wheeler-market/2831.html

The global electric three-wheeler market is segmented into based on vehicle type, battery capacity, battery type, region, and competitional landscape. Based on vehicle type, the market is further fragmented into passenger carrier and load carrier with passenger carrier holding the dominating market share of 58.77% in 2021 in terms of volume. The significant market share of passenger carrier can be attributed to the reasons such as affordable form of public transportation, last mile connectivity etc. Owing to growing research and development to carry heavier cargo, the load carrier electric three-wheelers are anticipated to be the fastest growing segment in the forecast years.

Based on battery capacity, the market is bifurcated into >101Ah and <101Ah. As capacity of a battery is designed based on numerous factors such as kilometer range, application of electric three-wheeler, charging time, battery weight, battery size. Significant number of electric three-wheeler manufacturers have been targeting batteries that can hold charge for prolong periods and can be driven for longer distances, as a result electric three-wheelers having battery capacity >101Ah is holding the commanding volume share of 64.82% in 2021 in global electric three-wheeler market. Moreover, based on battery type, the global electric three-wheeler market is further bifurcated into lithium ion and lead acid. Among them the lithium-ion batteries is projected to witness the fastest growth owing to factors such as improved discharge, higher charge efficiency, longer life span accompanied with the ability to deep cycle while maintaining power.

Based on region, the global electric three-wheeler market is majorly dominated by Asia Pacific region. Owing to China, the region accounted for the highest sales of electric three-Wheelers in the world in 2021, registering market share of over 80.71% in volume terms in Asia Pacific and the trend is expected to continue in the forthcoming years as well. Asia Pacific region is home to some of the largest electric three-wheeler manufacturers in the world. Furthermore, Asia Pacific leads over the other regions in terms of number of people, universities, industries, etc. Moreover, as masses in Asia Pacific prefer travelling by affordable public transportation, the electric three-wheelers market in the region is anticipated to grow with a steady CAGR of 4.43% in terms of volume, in the forecast years.

Key market players in the electric three-wheeler market include:

• Jiangsu Jinpeng Group Co., Ltd.
• Mahindra & Mahindra Ltd.
• Piaggio Group
• Atul Auto Ltd.
• Changzhou Yufeng Vehicle Co., Ltd.
• Lohia Auto Industries
• Kinetic Green Energy & Power Solutions Ltd.
• Skyride Automotive
• Shado Group International Pte. Ltd
• Beevatech Limited

Global electric three-wheeler market is fragmented with a lot of well-established players having presence in several countries Jiangsu Jinpeng Group Co., Ltd., Mahindra & Mahindra Ltd., Piaggio Group, Atul Auto Ltd., Changzhou Yufeng Vehicle Co., Ltd., Lohia Auto Industries, Kinetic Green Energy & Power Solutions Ltd., Skyride Automotive, Shado Group International Pte. Ltd, Beevatech Limited, etc. are major electric three-wheeler players are holding a significant position in the global electric three-wheeler market.

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“Asia Pacific holds the largest volume shares of 98.80%in the market and is anticipated to be leading region in the upcoming market on the account of rising demand for emission free public transportation of electric three-wheelers. Furthermore, the market's growth is being aided by the quick increase in research and development in the field, as well as the increasing environment concerns. New market players are advised to invest and focus on the research and development of the electric three-wheelers and services for the brand establishment. Collaborations and regulated deals with the established market players would help the prospects of the new market player.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.

“Electric Three Wheeler Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027, Segmented By Vehicle Type (Passenger Carrier, Load Carrier), By Battery Capacity (<101Ah, >101Ah), By Battery Type (Lead Acid, Li-ion), By Region”, has evaluated the future growth potential of global electric three-wheeler 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 global electric three-wheeler market.

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India Cement Market to Grow at a CAGR of 8.98% Through 2028

 Rise in renovation and construction activities and government's spending on infrastructure projects are expected to drive the growth of the India cement market.

According to TechSci Research report, “India Cement Market -By Region, Competition, Forecast & Opportunities, 2028” India cement market is projected to grow at CAGR of 8.98% through 2028 to reach USD 43037.44 million by 2028.The Cement/concrete is the second-most-utilized product in the world after potable water. Based on application, residential is likely to dominate the market due to affordable housing schemes such as the Pradhan Mantri Awas Yojana (PMAY) with the market share of 50.01%. Based on type, India cement market is dominated by Ordinary Portland Cement (OPC) with a market share of 56.76% in 2022.

As estimated, more than 270 million people will be added to India's urban population by 2040. Even with such rapid urbanization on a massive scale, the proportion of India's population living in cities is anticipated to be less than 50% by 2040. Urbanization is driving a tremendous rise in total residential floor area, from less than 20 billion square meters today to more than 50 billion square meters in the next two decades.

India's economy is primarily reliant on the infrastructure sector. India's total economy depends on this industry. The infrastructure sector includes the construction of motorways, bridges, dams, power plants, and other types of urban infrastructure. The infrastructure industry is now the focus of the Indian government. India plans to invest USD1.4 trillion in infrastructure to safeguard the nation's long-term prosperity between 2019 to 2023. The government wants to spend USD 750 billion on rail projects between 2018 to 2030.

Browse over 25 market data Figures and 5 Tables spread through 70 Pages and an in-depth TOC on "India Cement Market"

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Key market players in the India cement market include:

• UltraTech Cement Ltd
• Ambuja Cements Ltd
• ACC Limited
• Shree Cement Ltd
• Dalmia Bharat Ltd
• Birla cement
• India Cements Ltd
• The Ramco Cements Limited
• JK Lakshmi Cement Ltd
• Orient Cement Ltd

The companies recognize that the cement industry is a carbon-intensive one. The companies have been substantially working towards less carbon emission. To achieve SDG 13 (the climate change target), they have integrated a low-carbon plan into their business roadmap based on COP21 of the United Nations Framework Convention on Climate Change (UNFCCC). The science-based targets Initiative has certified UltraTech's GHG emission reduction targets, and the company has linked its business plans with the Paris Agreement's standards.

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“The India cement market is expected to expand during the projected period. Factors such as mega infrastructural projects, affordable housing schemes such as the Pradhan Mantri Awas Yojana (PMAY), rise in renovation and construction activities drive the demand for the market," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Cement Market By Type (Ordinary Portland Cement {OPC}, Portland Pozzolana Cement {PPC}, Others), By Application (Residential, Commercial, Infrastructure, Industrial, Institutional), By Region, Competition, Forecast & Opportunities, 2028”, has evaluated the future growth potential of India cement 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 India cement market.

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About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. us workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking country and region-specific high growth markets helps TechSci clients to lead rather than follow market trends.

 

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Global Retread Tire Market Growth, Trend, Size & Analysis 2026

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Continuously growing demand for cost-effective tires and the popularity of retreading in OTR vehicles is anticipated to drive the global retread tire market through 2026.

According to TechSci Research report, “Global Retread Tire Market By Vehicle Type (Commercial Vehicle, Passenger Car & OTR Vehicle), By Retread Process (Cold Process & Hot Process), By Region (Asia Pacific, North America, South America & Others), Competition, Forecast & Opportunities, 2026”, global retread tire market is estimated to reach USD12.43 billion by 2026. One of the main benefits of retreaded tires is the cost benefit that they offer and hence fleet operators that choose retread tires save their company a huge amount of money. The retreaded tires are available at approximately half the price of new tires, which provides the buyer a huge cost benefit. Moreover, almost 7 gallons of oil is required to produce retreaded tires, while approximately 22 gallons of oil is required to produce new tires. Hence with growing environmental concerns, consumers are preferring retreaded tires while replacing or retrofitting them. Therefore, these factors are expected to propel the market with a robust growth rate in the forecast period as well.

Browse more than127 market data figures through 91 Pages and an in-depth TOC on " Global Retread Tire Market"

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Global retread tire market can be segmented based on vehicle type, by retread process, by company and by region. On the basis of vehicle type, the market is segmented into commercial vehicles, off-the-road vehicles and passenger cars. As of 2020, the market is dominated by the commercial vehicles segment. Tires used in commercial vehicles especially medium and heavy commercial vehicles (M&HCV) have a shorter shelf life due to higher traction coupled with greater load carriage. This generates the need to replace the tires more often than passenger cars and off-the-road vehicles, which in turn adds up the operating cost of the vehicles. Thus, commercial fleet owners prefer to opt for retread tires as it is less expensive than replacing them with new tires, to save cost. In terms of retread process, the market is segmented into cold process and hot process, and the market is majorly constituted by cold process as this process of retreading tire requires less investment as it does not require expensive molds, needs smaller production units, and involves lower follow-up cost. Among region, the market is divided amongst Asia Pacific, South America, North America, Europe, and Middle East & Africa. Most of the tire retreading is performed in the region of Asia Pacific, owing to the presence of many commercial and off-the-road vehicle fleet and rapidly growing construction and infrastructural activities, the demand for commercial and off-the-road vehicles is increasing continuously. Moreover, due to retread tires being inexpensive, fleet owners prefer retread tires instead of new ones which is driving the market enormously and is anticipated to witness the same trend in the forecast period as well.

Vipal Borrachas S.A., Marangoni S.p.A., Bridgestone Americas Tire Operations, LLC. (Bandag), Michelin, Goodyear Tire & Rubber Company, Midas Mileage, MRF, Indag Rubber, etc. among others are some of the leading players operating in the global retread tire market. Apart from these globally known companies, many unorganized players are also increasing their footprint in the global retread tire market by pushing their low-cost products blended with ease of availability.

Global retread tire market can be segmented based on vehicle type, by retread process, by company and by region. On the basis of vehicle type, the market is segmented into commercial vehicles, off-the-road vehicles and passenger cars. Currently, the market is dominated by the commercial vehicles segment owing to the lower cost availability of retread tires. In terms of the retread process, the market is segmented into cold process and hot process, and the market is dominated by the cold process because it takes less investment as it does not require expensive molds, needs smaller production units, and involves lower follow-up cost. Amongst all geographical regions (Asia Pacific, South America, North America, Europe, and Middle East & Africa), most of the tire retreading is performed in the Asia Pacific region, owing to the presence of many commercial and off-the-road vehicle fleet and rapidly growing construction and infrastructural activities.

Vipal Borrachas S.A., Marangoni S.p.A., Bridgestone Americas Tire Operations, LLC. (Bandag), Michelin, Goodyear Tire & Rubber Company, Midas Mileage, MRF, Indag Rubber, etc. among others are some of the leading players operating in the global retread tire market. Apart from these globally known companies, many unorganized players are also increasing their footprint in the global retread tire market by pushing their low-cost products blended with ease of availability.

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“With the ease of availability of raw material, better economic affordability for manufacturing tires along with growing vehicle fleet, backed by an increase of commercial vehicle fleet size and growth of tire retreading traders, the demand for retread tires is expected to grow at a robust pace in the global retread tire market. Also, increasing demand for commercial vehicles, as well as construction and mining equipment across the globe, is pushing the demand for respective tires globally. Moreover, due to the growing prices of new tires, commercial vehicle fleet owners and mining and construction contractors are increasingly opting for retread tires and hence the market is further expected to back the growth of the global retread tire market in the future years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Retread Tire Market By Vehicle Type (Commercial Vehicle, Passenger Car & OTR Vehicle), By Retread Process (Cold Process & Hot Process), By Region, Competition, Forecast & Opportunities, 2026” has evaluated the future growth potential of global retread tire market and provides statistics and 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 retread tire market.

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Light Commercial Vehicle Market to Grow at 5.22% CAGR by 2026

 Continuously growing demand for light commercial vehicles coupled with growing E-commerce businesses and small-scale businesses to drive the growth of global light commercial market through 2026.

According to TechSci Research report, “Global Light Commercial Vehicle Market By Vehicle Type (Passenger Van, Cargo Van, Pickup Truck, Mini Truck and Minibus), By Tonnage Capacity (Below 2.5-3.5 Tons, 3.5-6 Tons), By Fuel Type (Diesel, Petrol and Others), By Region, Competition, Forecast & Opportunities, 2026”, Global Light Commercial Vehicle market is anticipated to reach 16.032 million units by 2026. Growth in the global light commercial market is led by passenger vans and pickup trucks followed by the sales of cargo vans. Rise in demand for light commercial vehicles is majorly due to increasing E-commerce transportation. The new small-scale businesses have also stimulated light commercial vehicle production globally. The global light commercial vehicle market is majorly dominated by Asia Pacific, followed by North America, Europe & CIS, South America and MEA. Asia Pacific and North America have combined market share of over 70% in the global light commercial vehicle market. The major reason behind dominance of Asia Pacific is increased sales of light commercial vehicles in China. China itself occupied 25% share of overall global light commercial vehicle sales. Presence of huge number of small-scale businesses and growing E-commerce business are the major driving factors for Asia Pacific.

Due to COVID-19, the sales of light commercial vehicles decreased in 2020, but it is expected that the sales will increase in 2021 because of increasing dependency on E- commerce sites. In light commercial vehicles, the passenger vans is the leading segment because it is one of the most used transportation mode by the companies for their employees and by other travel agencies for general transportation services. Pickup trucks are also having a good demand globally because they are widely used for the logistic purposes. Cargo vans are also increasing at a good rate because of increasing demand by the E-commerce industry and movers & packers. The demand of cargo vans is more in North America followed by Asia Pacific. Companies across the globe are also introducing more performance-oriented light commercial vehicles to better suit the different driving conditions, which is further anticipated to augment the level of competition in global light commercial vehicle market in the coming years.

Browse more than 114 market data Figures spread through 110 Pages and an in-depth TOC on   "Global Light Commercial Vehicle Market"

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Global Light Commercial Vehicle market can be segmented based on tonnage capacity, fuel type, vehicle type and region. In terms of vehicle type, the passenger vans account for the largest share followed by pickup trucks and the trend is expected to continue in the forthcoming years as well. While cargo vans segment is expected to grow at an impressive rate in the forecast period. Pickup trucks are preferred globally due to their usage as goods carrier and for passenger transport. Hence, it is expected that pickup trucks demand will slightly grow in forecast period. In terms of fuel type, diesel based light commercial vehicles are preferred more due to higher efficiency of diesel engines and more load carrying capacity in comparison to petrol and other fuels. But it is expected that the percent of diesel based light commercial vehicle will decrease in forecast period due to implementation of various environment policies by the governments all around the world. In terms of tonnage capacity, light weight vehicle i.e., below 2.5-3.5 tons vehicle sub- segment is leading and in the forecast period also it is expected to be the leading sub-segment followed by 3.5-6 tons capacity vehicle.

Ford Motor Company, Renault S.A., Toyota Motor Corporation, General Motors Company, Mahindra Group, etc., are among some of the leading players operating in Global Light Commercial Vehicle market. Apart from these companies, Tata Motors Ltd., FCA US LLC, Daimler AG, SAIC Motor Corporation Limited (Liuzhou Wuling Automobile Industry Co., Ltd.), Volkswagen AG are also increasing their marketing activities and enriching product portfolio globally to increase their customer outreach.

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“In 2020, North America accounted for the largest share i.e., 36.49% in global light commercial vehicle market. But Asia Pacific is expected to lead in forecast period because of increasing light commercial sales in China and other parts of Asia Pacific. China is world’s largest commercial vehicle hub and is also the main attraction for small scale businesses. Increase in E-commerce business and small-scale businesses globally is expected to boost the global light commercial vehicle market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Light Commercial Vehicle Market By Vehicle Type (Passenger Van, Cargo Van, Pickup Truck, Mini Truck and Minibus), By Tonnage Capacity (Below 2.5-3.5 Tons, 3.5-6 Tons), By Fuel Type (Diesel, Petrol and Others), By Region, Competition, Forecast & Opportunities, 2026” has evaluated the future growth potential of Global Light Commercial 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 Global Light Commercial Vehicle Market.

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Vietnam Two-Wheeler Tire Market to Grow at a CAGR of 7.12% through 2026

 Growing country’s two-wheeler fleet coupled with increasing penetration of tire manufacturers are anticipated to drive Vietnam two-wheeler tire market through 2026.

According to TechSci Research report, “Vietnam Two-Wheeler Tire Market By Demand Category (OEM Vs Replacement), By Tire Type (Radial Vs Bias), By Vehicle Type (Scooter, Electric & Hybrid Vehicle and Motorcycle), By Tire Size (70/90-17, 80/90-17, 80/90-14 and Others) Competition, Forecast & Opportunities, 2026”, Vietnam two-wheeler tire market is estimated to reach 60.71 million units by 2026. The road conditions in Vietnam are still on the underdevelopment stage, due to this scenario tire replacements by two-wheeler users are becoming more frequent. Vietnamese people prefer two-wheelers more than any other type of transport for their daily commutation. This has encouraged both production as well as the sales of two-wheelers to increase remarkably, therefore, the country’s two-wheeler fleet is continuously expanding. All these factors are driving the two-wheeler tire demand in Vietnam and are expected to grow the market in the forecast period as well. There are more than 800 enterprises operating in the tire industry, these companies also include world’s renowned brands. Such companies are continuously involved in introducing more performance-oriented tires to better suit different driving conditions, which is further anticipated to promote the level of technological advancements in the Vietnam two-wheeler tire market.

Browse more than 18 market data Figures spread through 70 Pages and an in-depth TOC on   "Vietnam Two-Wheeler Tire Market"

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Vietnam two-wheeler tire market can be segmented based on demand category, tire type, vehicle type, tire size, and company. Based on demand category, the market is segmented into OEM and replacement categories. As of 2020, owing to the large fleet size of the country, the market is dominated by replacement tires. Two-wheeler production is increasing year-on-year and sales of the same is also growing owing to the increased market penetration and outreach by two-wheeler brands in the country. These factors are expected to increase the vehicle fleet of the country. On the other hand, the road conditions of the country are still budding, which is a major reason two-wheeler users have to replace tires more frequently. These factors are poised to make replacement category dominate the Vietnam two-wheeler tire market in the forecast period also. On the basis of tire type, the market is segmented among radial tires and bias tires. Although, radialization is increasing nowadays due to their numerous benefits, two-wheeler tire market in Vietnam is still led by bias tires. In terms of vehicle type, the market is differentiated among scooter, electric & hybrid vehicle and motorcycle. Considering road and riding conditions in Vietnam, scooters are lightweight and are easy to maneuver and hence Vietnam two-wheeler fleet is majorly contributed by scooters. Owing to the increasing women and old age commuters, scooters are anticipated to dominate the market in the forecast period as well and hence tires used in scooters are expected to drive the tire demand in the next five years as well. With growing concern of increasing petrol prices and environmental degradation, electric & hybrid vehicles are also gaining popularity among Vietnamese consumers, however, this market is still in the initial stages. If tire sizes are considered, most of the two-wheelers currently running on the Vietnamese roads have tire size of 70/90-17 and 80/90-17. Thus, these two tire sizes generate most of the two-wheeler tire demand in the country.

In the year 2020, to prevent spread of COVID-19, the governments implemented lockdown which impacted international trade, in-house production as well as domestic sales. According to TechSci Research’s estimates, the market suffered a decline of 9.67% in terms of volume. In the country, consumer’s spending power contracted massively in the time of lockdown, overall production was declined, and imports of goods and services witnessed a robust descent impacting the economy as well as people’s purchasing power negatively in 2020. This decline left a remarkable depreciation in the two-wheeler tire market; however, it is currently reviving and is set to overcome the descent in the 2021-2022 period owing to the government’s stimulus for economy revival and unlocking international trades and investments.

Cheng Shin Rubber Industry Co., Southern Rubber Industry Joint Stock Company, Inoue Rubber Vietnam Co., Ltd. (IRC), Kenda Rubber (Vietnam) Co., Ltd., Yokohama Tyre Vietnam Inc. are some of the leading players operating in the Vietnam two-wheeler tire market. Apart from these flagship companies, many Chinese players are also increasing their footprint in the Vietnam two-wheeler tire market by pushing their low-cost products blended with ease of availability.

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“Owing to expanding vehicle fleet and increasing production of two-wheelers, the demand for two-wheeler tires is expected to grow at a robust pace in Vietnam. Also, expansion of global tire brands’ presence and growth in local manufacturing capabilities are further expected to back the growth of the Vietnam two-wheeler tire market in the future years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Vietnam Two-Wheeler Tire Market By Demand Category (OEM Vs Replacement), By Tire Type (Radial Vs Bias), By Vehicle Type (Scooter, Electric & Hybrid Vehicle and Motorcycle), Tire Size (70/90-17, 80/90-17, 80/90-14 and Others) Competition, Forecast & Opportunities, 2026” has evaluated the future growth potential of the Vietnam two-wheeler tire market and provides statistics and 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 Vietnam two-wheeler tire market.

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Turkey Floating Storage Regasification Unit Market to be dominated by Power Generation Industry till 2027

 High demand for low carbon emission transportation modes and a rise in global LNG trade are expected to drive the demand for Turkey floating storage regasification unit market through the forecast period, 2023-2027.

According to TechSci Research report, “Turkey Floating Storage Regasification Unit Market By Region, Competition Forecast & Opportunities, 2027”, the Turkey floating storage regasification unit market is expected to witness a growth of steady CAGR in the forecast period, 2023-2027. A floating storage regasification unit is a special kind of ship used while transiting and transferring liquified natural gas through the oceanic channels. LNG is a viable and environment-friendly fuel component. Still, transportation of the LNG requires extra attention as any slight mistake can result in huge financial loss, damage to the ocean ecosystem, and maybe loss of lives. The LNG fuel is transported in a semi-cooled slushy state of -160 ͦ to the destinations and requires to be heated to bring back into its original gaseous state. The reheating process is performed before the gas is pumped into its storage systems. The process of transportation of LNG comprises both freezing and reheat processes as it is highly expensive and time-consuming, which creates the demand for floating storage regasification units. A floating storage regasification unit is the fastest means to capitalize on low gas prices. Its high demand across various industries such as power generation and transportation is primarily driving the Turkey floating storage regasification unit market demand.

 However, high production and installation costs and low storage capacity to store large quantities of LNG may restrain the Turkey floating storage regasification unit market growth in the forecast period.

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Turkey floating storage regasification unit market is segmented into construction, storage, application, capacity, design, regional distribution, and competitive landscape.

Based on storage, the market is divided into small, medium, and large. The medium segment is expected to capture the highest market share in the forecast period. The demand for medium-sized floating storage regasification units is stable across the country, and the majority of the deployed floating storage regasification unit are of medium size.

Based on application, the market is divided into industrial, power generation, and others. The power generation is currently dominating the market and is expected to maintain its dominance over the next five years. The power generation industry requires vast amounts of liquefied natural gas in large quantities, which fuels the demand for floating storage regasification units across the country.

Based on capacity, the market is divided into up to 140,000 m3, 140,000 to 180,000 m3, and above 180,000 m3. The 140,000 to 180,000 m3 storage capacity floating storage regasification units are expected to hold significant market share in the forecast period. The majority of the vessels converted to LNG carriers with storage capacity belong to this range.

Based on the design, the market is divided into barge-based and carrier vessel-based. The carrier vessel-based are expected to hold the largest market share, while the barge-based designs are expected to witness the fastest incremental growth in the next five years. Barge-based vessels are beneficial in spaces where small-scale LNG import is required. These vessels are expected to benefit from expansion plans of existing floating storage & regasification unit terminals.

Major market players operating in the Turkey floating storage regasification unit market are:

• Excelerate Energy
• Hoegh LNG
• Golar LNG
• BW Gas
• Gazprom
• Flex LNG
• EXMAR
• Maran Gas Maritime
• Teekay LNG
• Bumi Armada

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“Market players are advised to focus on technological advancements to increase the storage capacity and performance of floating storage regasification units. The advent of cloud-based solutions that can provide marine engineers training in a simulated environment is expected to act as a positive factor for the floating storage regasification market. Market players are trying to digitize several operations, including cargo loading and unloading and terminal operations. The high domestic energy demand is increasing the need to import LNG from other countries, and ongoing technological advancements are expected to propel the growth of Turkey floating storage regasification unit market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a global research-based management consulting firm.

“Turkey Floating Storage Regasification Unit Market By Construction (Newly Built, Converted), By Storage (Small, Medium, Large), By Application (Industrial, Power Generation, Others), By Capacity (Up to 140,000 m3, 140,000 to 180,000 m3 and Above 180,000 m3), By Design (Barge-Based, Carrier Vessel-Based), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of Turkey floating storage regasification unit market and provided statistics & information on market size, shares, 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 of Turkey floating storage regasification unit market.

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Saudi Arabia Bus Market to be Valued USD 15.09 Billion by 2025

 Growing population and rising urbanization coupled with increasing demand for electric & CNG buses is expected to drive Saudi Arabia bus market through 2025

According to TechSci Research report, “Saudi Arabia Bus Market By Bus Length (Up to 8 M, 8-10 M, 10-12 M, & Above 12 M), By Seating Capacity (15-30, 30-40, 40-50 & Above 50), By Fuel Type (Diesel, Petrol, CNG, Others), By Application (Transit Buses, Motor Coaches & School Buses), Competition, Forecast & Opportunities, 2025”, the bus market in Saudi Arabia was valued USD 13.51 Billion in 2019 and is forecast to grow at CAGR of 8.52% in value terms over the next five years. This is due to the reason that buses are the only means of public transport in some of the cities in Saudi Arabia. Increasing demand for public transportation among growing population and worsening traffic congestion are other reasons for the growth of bus market in the country. Also, the government of Saudi Arabia is focusing on manufacturing buses locally in order to create employment opportunities and to save import costs, thereby boosting the domestic industry.

Browse 2 market data Tables and 33 Figures spread through 82 Pages and an in-depth TOC on " Saudi Arabia Bus Market ".

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Saudi Arabia bus market can be segmented based on bus length, seating capacity, fuel type, application and region. Based on the bus length, market can be segregated into Up to 8 M, 8-10 M, 10-12 M, & Above 12 M. 10-12 M segment is anticipated to dominate the market owing to the preference for medium and large buses by the public transport authority. In terms of application, transit bus segment is expected to grow at the highest rate due to increasing investment in the public transit network by the government to solve the issue of overcrowding.  

Saudi Arabia bus market can be segmented based on bus length, seating capacity, fuel type, application and region. In terms of seating capacity, market can be segregated into 15-30, 30-40, 40-50 and above 50. Among these, 30-40 segment dominated the market as it is the preferred segment on account of easy boarding, even with a stroller or wheelchair. Additionally, it can easily store large volumes of luggage.

Based on fuel type, diesel segment led the Saudi Arabia bus market with share of 71.84% in 2019 due to its low price in the country. However, increasing emphasis by the governments on clean energy public transportation, share of electric & hybrid bus is expected to increase over the coming years. Furthermore, increasing air pollution and reducing cost of batteries are expected to have a positive impact on the market growth of electric & hybrid buses in the country.

 Based on application, transit bus segment is expected to grow at the highest rate as public bus operators are upgrading bus fleets to reduce fuel and emission costs, while enhancing the riding experience.

Mercedes Benz AG, MAN SE, Scania AB, Tata Motors Limited, Hyundai Motors Company, AB Volvo, Eicher Motors Limited, Mitsubishi Fuso Truck and Bus Corporation, Ashok Leyland Limited and Alexander Dennis Limited (ADL), among others are the leading players operating in the Saudi Arabia bus market. The companies operating in the market are using strategies such as product launches and investing in research & development to increase their share in the country.

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 “In terms of fuel type, diesel dominated the Saudi Arabia bus market in 2018 and the trend is expected to continue over the forecast period as well. However, on account of increasing focus of the government on increasing the number of Umrah and Haj pilgrims by providing efficient, clean and reliable transportation, market share of electric & hybrid bus is expected to increase through 2025.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Saudi Arabia Bus Market By Bus Length (Up to 8 M, 8-10 M, 10-12 M, & Above 12 M), By Seating Capacity (15-30, 30-40, 40-50 & Above 50), By Fuel Type (Diesel, Petrol, CNG, Others), By Application (Transit Buses, Motor Coaches & School Buses), Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Saudi Arabia bus 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 to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the Saudi Arabia bus market.

Press Release : https://www.techsciresearch.com/news/5464-saudi-arabia-bus-market-to-be-valued-usd-15-09-billion-by-2025.html

 

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South East Asia Tire Market to Surpass USD14.26 Billion by 2026

 Expanding vehicle fleet and growing production of two-wheelers and passenger car vehicles to drive the demand for automotive tires in South East Asian Countries through 2026.

According to TechSci Research report, “South East Asia Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two-Wheeler, Three-Wheeler and Off-the-Road), By Demand Category (OEM Vs Replacement), By Radial vs. Bias, By Rim Size (Up To 14”, 15”, 16”, 17”, 18”, and 19” & Above), By Tire Type (Non-Run Flat Tires and Run Flat Tires), By Country, Competition, Forecast & Opportunities, 2016-2026”, South East Asia Tire Market is expected to reach USD14.26 billion by 2026. Growth in South East Asia Tire Market is driven by expanding vehicle fleet in the region, owing to the increased demand for personal transportation which has improved over the years owing to rise in disposable income of the consumers. Moreover, there has been an increase in production of passenger and commercial vehicles and fleet size, which is anticipated to enhance the demand for tires in South East Asian countries, and hence, the market is susceptible to register a robust growth in the forecast period as well.

Browse more than 57 market data Figures spread through 80 Pages and an in-depth TOC on "South East Asia Tire Market"

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South East Asia Tire Market is classified into vehicle type, demand category, radial vs bias, tire type, rim size, country, and by company. In terms of vehicle type, South East Asia Tire Market is dominated by two-wheelers owing to the large size of two-wheeler fleet in the country. This growing fleet size is mostly operated for the purpose of daily personal commutation and hence is driving the consumption of tires throughout the region. Moreover, with increase in middle income group population this trend is susceptible to be witnessed in the forecast period also. By demand category, the market is segmented into OEM and replacement. As of 2020, the market is dominated by replacement tires owing to the larger automotive fleet size of the region and frequent replacement needs of vehicle owners in Indonesia and Vietnam as compared to Singapore and other countries with enhanced road infrastructure. In terms of tire technology, market is classified into radial tires and bias tires. In this category, the majority of the market is constituted by bias tires. This is due to the dominance of market by two wheelers, in which more bias tires are used in comparison to radial tires and owing to the large fleet size of two-wheelers, this trend is likely to be seen in the forecast period as well. On the basis of tire type, market is segmented into run flat tires and non-run flat tires. Run flat tire is a very new technology and is currently in its nascent stage. These tires are only available as OEM fitment in premium passenger cars. Due to low maintenance, ease of availability and being inexpensive non-run flat tires are more popularly used amongst South East Asian consumers. Market in terms of rim size is segmented into -upto 14 inches, 15 inches, 16 inches, 17 inches, 18 inches, and 19 inches & above. Majority of two-wheelers are available with tires of rim size of up to 14 inches and hence, this segment is led by tires of rim size up to 14 inches.

South East Asia is confined with countries like Indonesia, Vietnam, Thailand, Malaysia, Philippines, Singapore, Cambodia, etc. Thailand, Indonesia and Vietnam being rubber manufacturing hubs are currently producing and supplying tires to a lot of countries around the globe. Moreover, with consistent increase in two-wheelers and passenger car production in Indonesia, Vietnam, and Thailand these countries are anticipated to dominate the South East Asia Tire Market in the forecast period also.

Gajah Tunggal, Suryaraya Rubberindo, Bridgestone, Michelin, Sumirubber, etc., are among some of the leading brands operating in South East Asia Tire Market. Apart from these brands, other tire brands are also increasing their brand awareness, price schemes and elevating their product portfolio in the region to increase their customer base. Major companies in the South East Asia Tire Market are also focusing on increasing their dealer and distributor network and launching technologically advanced products to grab a larger share in the region’s tire market.

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“In 2020, Indonesia, Vietnam and Thailand accounted for the largest share i.e., 81.89% in South East Asia Tire Market. The countries are expected to maintain their dominance over the next five years as well, owing to huge rubber production hubs and presence of global tire manufacturers in these countries. Increasing on road vehicle fleet size of these countries is boosting demand for tires in the South East Asia Tire Market”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based Indian management consulting firm.

South East Asia tire market is classified based on vehicle type, demand category, radial vs bias, tire type, rim size, country, and company. On the basis of vehicle type, South East Asia tire market is segmented into passenger car, light commercial vehicle, medium & heavy commercial vehicle, two-wheeler, three-wheeler and OTR. In terms of demand category, most of the tire sales are constituted by replacement tires. Due to greater replacement needs for fleet vehicles in the region, majority of tire sales are contributed by replacement tires. Based on technology, market is segmented into radial tires and bias tires. On the basis of tire type, the market is bifurcated into run flat tires and non-run flat tires. Non-run flat tires being traditional tires, are easily available in the market, hence they are currently dominating the tire market in this region. Market in terms of rim size is segmented into 14 inches, 15 inches, 16 inches, 17 inches, 18 inches, and 19 inches & above. By country, the market is segmented into Indonesia, Vietnam, Thailand, Malaysia, Philippines, Singapore, Cambodia, etc.

Gajah Tunggal, Suryaraya Rubberindo, Bridgestone, Michelin, Sumirubber, etc., are among some of the leading brands operating in South East Asia tire market. Apart from these brands, other tire brands are also increasing their brand awareness, price schemes and elevating product portfolio in the region to increase their customer base. Major companies in the South East Asia tire market are also focusing on increasing their dealer and distributor network and launching technologically advanced products to grab a larger share in the region’s tire market.

“South East Asia Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two-Wheeler, Three-Wheeler and Off-the-Road), By Demand Category (OEM Vs Replacement), By Radial vs. Bias, By Rim Size (Up To 14”, 15”, 16”, 17”, 18”, and 19” & above), By Tire Type (Non-Run Flat Tires and Run Flat Tires), By Country, Competition, Forecast & Opportunities, 2016-2026” has evaluated the future growth potential of South East 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 South East Asia Tire 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