Global Water Leakage Tester Market Size, Growth, Trend & Forecast 2027

The rise in the adoption of smart sensors and the increase in population are driving the water leakage tester market in the forecast period of 2022-2017.

According to TechSci Research report, " Water Leakage Tester Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2017–2027" The water leakage tester market is anticipated to indicate robust growth during the forecast period, 2022-2027. Due to growing water treatment and transmission costs, expanding building projects, and the increasing need to lessen damages brought on by water leaks, the market for water leakage testers is anticipated to experience considerable expansion in the coming years. Waste materials like hair or grease can harm the water pipeline, leading to leaks, excessive water pressure, chemicals in the water, soil conditions in the area, and fitting degradation. The outdated pipelines cause a water loss of between 30 % and 50%. Therefore, using a water leakage tester is essential since it enables users to take safety measures before any damage happens.

As people become more aware of the advantages of utilizing these tests to find and stop water leaks in buildings, there is an increasing demand for them from the construction sector. Owing to its mobility and ease of use, portable and handheld water leakage tests are increasingly in demand from residential and commercial sectors. Automated water leakage detection systems are becoming increasingly popular, which is predicted to increase the need for water leakage testers soon. Over the next few years, there will probably be chances for growth in the global market for water leakage testers owing to rising government spending in infrastructure development projects.

Maintaining water leakage testers used in subterranean pipeline systems can be messy and challenging. The global market for water leakage testers may see growth challenges due to the high initial cost, installation issues, and ongoing maintenance needs.

The North American regional market is predicted to expand at a modest rate during the forecast period due to changing consumer attitudes toward the environment and water waste caused by faulty plumbing systems. However, strict government rules about leakage detection may impede both the current development and future expansion ambitions of the water leakage industry in this Region.

Asia-Pacific has been the leading area for the water leakage tester market since 2017 and is expected to maintain its position during the forecast period. Due to the rising awareness of healthy lifestyles and increased energy demand, the efficient product market is expected to grow. The market's primary driver is the widespread use of these devices for detecting water leakages in commercial buildings, hotels, hospitals, and sectors. Europe also represented a large portion of worldwide revenue.

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The global water leakage tester market is segmented based on product type, location, offerings, equipment, and end-use. Based on the product type, the market is divided into fixed and portable leak detectors. Based on location, the market is divided into, underground pipeline systems and overhead pipeline systems. Based on offerings, the market is divided into equipment and inspection. Based on equipment, the market is divided into acoustics and non-acoustics. Based on end use, the market is divided into commercial and residential.

Based on the product type, the market is divided into fixed and portable leak detectors. For subsurface applications, fixed leak detectors are particularly helpful. They also work well for ongoing area monitoring. Fixed detectors are often used where wireless systems are ineffective and are wired and remotely connected to neighboring outlets to convey data. These elements are propelling the market for leak-detecting sensors.

Fixture-mounted leak detectors can be installed on any water pipeline through which leaks can be found. They can sound an alarm if a leak is found, which can be highly useful for preventing potential dangers from water leaks. The benefit of portable detectors is that they may be transported from one location to another.

Based on location, the market is divided into underground pipeline systems and overhead pipeline systems. The underground segment dominates the market in the forecast period. Due to several advantages, the majority of pipelines are built underground. Pipelines must be continuously monitored to find leaks. Installing pipes above ground will cost more since foundation costs must be considered. Additionally, installing and maintaining the water leakage testers is untidy and challenging.

The major market players in the global water leakage tester market are:

• Perma-Pipe International Holdings, Inc
• Pure Technologies Ltd.
• Atmos International
• TTK- Leak Detection System
• Aqua Leak Detection LLC
• Mueller Water Products, Inc.
• NEC Corporation
• ABB
• Siemens
• Schneider Electric

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"Water leaks are becoming a serious problem as a result of the expanding construction projects, growing populations, and industrialization in North America, Europe, and other emerging regions. In the next years, it is anticipated that increasing consumer demand for smartphones and computers would drive demand for smart water leak detectors. Owing to this market is expected to grow in the forecast period, "said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

Water Leakage Tester Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Product Type (Fixed Leak Detectors, Portable Leak Detectors), By Location (Underground Pipeline Systems, Overhead Pipeline Systems), By Offerings (Equipment, Inspection), By Equipment (Acoustics, Non-acoustics), By End Use (Commercial, Residential), By Region has evaluated the future growth potential of global water leakage tester 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 in the global water leakage tester market.

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Water Sports Vehicles Market to be dominated by River Water Sports through 2027

 

Increased expenditure capacity and ongoing technological advancements drive the demand for global water sports vehicles market over the forecast period, 2023-2027.

According to TechSci Research report, “Water Sports Vehicles Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global water sports vehicles market is anticipated to grow at a significant rate in the forecast period, 2023-2027. Global water sports vehicles market is driven by the increase in the use of water scooters for underwater exploration and adventure activities and the rise in the disposable income of middle-class families. Water sport vehicles are used for recreational purposes and used for adventure activities on the sea and ocean coasts. The most common water sports vehicles are water scooters and bikes, as they are readily available at affordable rates. Deep propulsion vehicles and water jet bikes are some of the most common water scooters, and they are operated by fuel or battery-powered systems. Water scooters are highly popular among the coastguards to ensure the safety of beaches. Water sports vehicles are generally light in weight and help the divers to increase the range for underwater exploration.

However, safety issues underwater may restrain the market growth in the forecast period.

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The global water sports vehicles market is segmented into vehicle type, distribution channel, location, regional distribution, and competitive landscape.

Based on vehicle type, the market is divided into speed boat, watercraft, skiing boat, deck boat, rowing boat and others. Skiing boat segment is expected to account for significant market share in the forecast period as it is one of the most exhilarating water sports and provides several health benefits to the user. Water skiing improves the core strength and tones the leg and muscles of the body. 

Based on location, the market is divided into river water sports, sea water sports, and others. River water sports are expected to capture the highest market share in the forecast period. Riding on the water on river waves is a different and unique experience than on the sea waves, which is a major reason for their popularity among water sports enthusiasts. Rafting, sculling, fishing, and yachting are the other common activities that take place on the river and require the use of water sports vehicles.

Major operating companies operating in global water sports vehicles market are:

• Porter, Inc.
• Sea Sport Boats Inc.
• Brunswick Corporation
• The MasterCraft Boat Company
• Malibu Inc.
• Polaris Inc.
• Bombardier Recreational Products Inc.

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“The emergence of the online platforms and availability of the water sports vehicle for rental purposes is expected to have a significant impact on the global water sports vehicle market. Market players provide water sports vehicles at rent to the tourist and generally include the cost in the tourist package. The rise in the number of market players providing water sports vehicles at affordable rates is garnering customer attraction. The growing popularity of water sports and adventure activities and the launch of advanced water sports vehicles providing higher comfort and safety to riders are expected to propel the growth of the global water sports vehicle market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Water Sports Vehicles Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Vehicle Type (Speed Boat, Watercraft, Skiing Boat, Deck Boat, Rowing Boat, Others), By Distribution Channel (Dealer, Direct from Manufacturer, Online), By Location (River Water Sports, Sea Water Sports, Others), and By Region”, has evaluated the future growth potential of global water sports vehicles 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 water sports vehicles market.

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Global Power Tong Market Analysis & Trends - Industry Forecast to 2027 | TechSci Research

 

Safety concerns for drilling equipment upholds the market growth of the Global Power tong Market.  

According to TechSci Research report, “Power Tong Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”. Global power tong market is anticipated to register an impressive growth with a CAGR during the forecast period, 2023-2027, due to growing demand for oil extraction equipment. Demands for the higher performance of the drilling equipment, safety equipment installed, and other tools and machinery required for the smooth oil draws, drive the growth of the global power tong market in the upcoming five years. The power tongs are specifically designed for use on locations where limited working areas, reduced manual handling and running performance is critical. Thus, factors such as oil reserve taps in the regions with difficult terrain, lesser availability of the workforce, complicated drilling like directional drilling is required; are some of the major factors further substantiating the growth of the global power tong market in the next five years. Concern toward oil spillage and wastage of oil & gas along with drastic effects on the site and environment hurting the ecosystem, further demands highly efficient drilling and safety equipment thereby substantiating the growth of the global power tong market in the forecast years through 2027F.

Moreover, implementation of stringent government regulations towards environmental pollution from conventional fuels and enhanced focus on electrification are some of the factors positively influencing the global power tong market in the future five years. Besides, increased demand for offshore drilling application is set to increase on account of increase in water drilling and production activities thereby the demands for the drilling equipment including power tongs have enhanced and thereby aids the industrial growth of the market in the forecast period.

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The global power tong market segmentation is based on type, product type, function, location, regional distribution, and competitive landscape. Based on type, the market is differentiated between hydraulic and pneumatic. Hydraulic power tongs are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on account of growing number of offshore oil drilling sites. Surge in the demand for oil production, stringent regulations for oil spillage in the oceans and water bodies, that harms the marine life, and the ecosystem further facilitates the growth of the global power tong market in the future five years. By product type, the market is further segmented into chisel tong, casing tong, rotary tong, manual tong, and others.

Based on function, the market is distinguished between breakout tong and makeup tong. Breakout tongs are the large-capacity self-locking wrenches that are used to grip drill string components and apply torque to the equipment such that effective drilling can be conducted. the breakout tongs are the active tongs during breakout operations. A similar set of tongs is tied off to a deadline anchor during breakout operations to provide backup to the connection, not unlike the way a plumber uses two pipe wrenches in an opposing manner to tighten or loosen water pipes, except that breakout tongs are much larger. Makeup tongs are large capacity self-locking wrenches too. As a matter of efficiency, one set of tongs is essentially tied off with a cable or chain to the derrick, and the other is actively pulled with mechanical catheads. The breakout tongs are the active tongs during breakout (or loosening) operations. The makeup tongs are active during makeup (or tightening) operations.

By location, the market is bifurcated between offshore and onshore location. Offshore locations are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of higher number of offshore locations of oil rigs. Growing consumption and thus the demand to produce more oil & natural gases the demands for the offshore oil drilling have increased and drives the growth of the global power tong market in the next five years.

The market analysis also studies the regional segmentation, divided among Asia-Pacific region, North American region, European region, South American region, and Middle East & African region.

Some of the market players, dominating the global power tong market are :

• Keystone Energy Tools
• Texas Intrenational Oilfield Tools Limited
• Eckel
• Weatherford International
• ProTorque
• Edcon Power Tongs and Oilfield Services Ltd.
• TNT Power Tongs
• Starr Power Tongs
• Besdrill Machinery
• McCoy Global Inc.

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“North America region is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of increasing oil excavation activities in the countries like the United States and Mexico. Surge in the research and technological advancement in the drilling equipment also facilitates the growth of the market in the future five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Power Tong Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Type (Hydraulic, Pneumatic), By Product Type (Chisel Tong, Casing Tong, Rotary Tong, Manual Tong, Others), By Function (Breakout Tong, Makeup Tong), By Location (Offshore, Onshore), By Region”, has evaluated the future growth potential of global power tong 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 power tong market.

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United States Automotive Scissor Lift Market Size, Growth & Forecast 2027

Growing demand for used cars and rising need for passenger safety are expected to drive the demand for United States automotive scissor lift Market in the forecast period, 2023-2027.

According to TechSci Research report, “United States Automotive Scissor Lift Market By Region, Competition Forecast & Opportunities, 2027”, the United States automotive scissor lift market is expected to grow at a steady rate in the forecast period, 2023-2027. The growing costs of automotive spare parts, growing labor costs, and the rapid replacement rate of components of the vehicles are the major factors driving the United States automotive scissor lift market demand.

An automotive scissor lift is used to lift the vehicle vertically upward by authorized personnel to perform the vehicle servicing efficiently. The automotive scissor lift is designed differently according to vehicle type and weight carrying capacity to make them feasible for different operations. Automobile service stations & outlets widely employ automotive service lifts as the vehicle is lifted vertically, providing sufficient space, thereby allowing more space for the other vehicles to be parked. The vehicles are parked over the ramp of the lift, and the ramp makes the vehicle move in the upward direction, and the automotive scissor lift takes the vehicle vertically upward, which gives ample space for the serviceman to work under the vehicle.

However, concerns relating to the scissor lift and initial high investment may restrain the market growth in the forecast period.

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The United States automotive scissor lift market is segmented into vehicle type, lifting capacity, lift height, type, regional distribution, and company.

Based on the vehicle type, the market is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. Passenger cars are expected to dominate the market over the next five years owing to their high demand among consumers. The rise in demand for safety features in automobiles and stringent government regulations are expected to influence the market demand. The advancements in technology during automobile manufacturing increase the average life of the vehicles, which is expected to accelerate the growth of the United States automotive scissor lift market.

Based on the lift height, the market is divided into less than 10 m, 10 To 20 m, more than 20 m. Less than 10 m segments are expected to capture the largest market share over the forecast period as the automotive scissor lifts belonging to this segment are narrow and are considered ideal for fitting in tight spaces. They are also used in repairing and washing the windows and other automobile maintenance work.

Based on type, the market is divided into hydraulic scissor lift and pneumatic scissor lift. The hydraulic scissor segment is expected to account for a significant market share in the forecast period. It has fewer moving parts, which makes them safe, more economical, and easier to use when compared to another type of lift; therefore, it is witnessing high market demand.

Major market players operating in the United States automotive scissor lift market:

• BendPak Inc.
• Terex Corporation
• Challenger Lifts Inc.
• Custom Equipment, LLC
• Lift-A-Loft
• Vehicle Service Group
• ARI Phoenix, Inc.
• Nussbaum Custom Lifts GmbH
• MAHA USA
• Hunter Engineering Company

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“The construction of smart cities and infrastructure and the continuous evolution in technology make consumers adopt advanced vehicles rapidly. Connected vehicles use the internet of things technology to collect information and provide real-time feedback to passengers and transport authorities, which helps them make informed decisions. The sales of connected vehicles and autonomous vehicles are bolstering the demand for automotive repair and other services as the average life of the vehicles is increased, which requires frequent component replacement and maintenance. The high demand for modern vehicles is increasing the demand for automotive scissor lift as the vehicle needs to be lifted at a certain height for service and maintenance. The rise in the number of service providers and the advancements in-vehicle technology is expected to propel the United States automotive scissor lift market growth till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“United States Automotive Scissor Lift Market By Vehicle Type (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), By Lifting Capacity (Up to 5,000 lb, 5,001–10,000 lb and More than 10,000 lb), By Lift Height (Less Than 10 M, 10 To 20 M, More Than 20 M), By Type (Hydraulic Scissor Lift and Pneumatic Scissor Lift), By Region, Competition Forecast & Opportunities, 2027”, has evaluated the future growth potential of United States automotive scissor lift 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 United States automotive scissor lift market.

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Europe Electric Scooters Market Size, Growth, Trend & Forecast 2027

 

Rising environmental concerns and increasing government initiatives towards fuel saving technologies to boost Europe electric scooters market through 2024

According to TechSci Research report, “Europe Electric Scooters Market By Battery Type, By Battery Capacity, By Range, By Voltage, By Region, Competition, Forecast & Opportunities, 2024” Europe electric scooters market is projected to register a CAGR of close to 27% during the forecast period owing to the increasing fuel prices. It is expected that world would be left with over 50 years of oil if it is consumed in same trend. Therefore, the growing economies are shifting their focus towards alternative energy sources, thus driving the growth of the market. Moreover, factors like increasing urbanization, rising levels of pollution, global warming, depletion of fossil fuels, rising cost of fuels, among others are further anticipated to drive Europe electric scooters market. Additionally, features such as eco-friendly, fuel-efficient, easy to handle, compact size, and noise efficient compared to conventional scooters are further fueling the demand for electric scooters in the region. However, Europe electric scooters market is likely to get subdued due to range and performance constraints associated with electric scooters as they serve the limited purpose of short distance commuting only.

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Europe electric scooters market is segmented based on battery type, battery capacity, range, voltage, region and company. In terms of battery type, the market can be categorized into lead acid and lithium-ion, of which the latter is expected to dominate the market through 2024 owing to its excellent thermal stability, long lifespan, and faster charging time. Based on voltage, the market can be segmented into 48 V, 60 V, 72 V, 100 V and >100 V. Among all of these, electric scooters with a 60 V battery dominated the market with over 40% share in 2018 and is expected to maintain its position owing to the surging demand for high-speed vehicles with improved aesthetics and durable body.

GOVECS AG, Gogoro Inc., TORROT ELECTRIC EUROPA S.A., Kwang Yang Motor Co. Ltd., Alta Motors, BMW AG, Niu Technologies, Askoll EVA SpA, Zero Motorcycles Inc. and Lightning Motors Corp and others are some of the leading players operating in Europe electric scooters market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share and increase their customer base.

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“The electric scooters market is anticipated to be one of the most dynamic and fastest growing markets in the coming years owing to growing support of the governments for the use of electric scooters along with enactment of stringent emission norms. Moreover, declining battery price is further expected to spur the growth of the market through 2024. Additionally, technological advancements and establishment of new government regulations would further steer growth in Europe electric scooters market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Europe Electric Scooters Market By Battery Type, By Battery Capacity, By Range, By Voltage, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of Europe electric scooters 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 Europe electric scooters market.

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Europe EV Powertrain Testing Services Market to Surpass USD37904.30 Million by 2030

Increasing sales of electric vehicle to drive the demand for the Europe EV Powertrain Testing Services market for the forecast period.

According to TechSci Research report, “Europe EV Powertrain Testing Services Market By Country, Competition, Forecast & Opportunities, 2016- 2030”, the Europe EV powertrain testing services market stood at USD5605.88 million in 2020, and it is expected to grow at a double-digit CAGR of 22.02% to reach USD37904.30 million by 2030. Initiatives taken in the form of subsidies on the purchase of electric vehicles to promote its adoption and norms for reducing greenhouse emissions are driving the sales of electric vehicles in the region. Surging sales of electric vehicles are contributing to the increasing demand for the powertrain testing services market through 2030.

European Union laws set an emission target of 10g/km by mid-century, representing the Paris agreement goal of a maximum increase of two degrees Celsius of global earth temperature. In order to comply with the regulations, private and public transportation is witnessing increased automotive scrappage. Also, 26 out of 27 EU members have some form of incentives for EV manufacturers. For instance, countries like France and Germany have made electric cars production an important criterion for their industry stimulus programs in their efforts to promote EV adoption. All these developments have led to the rising demand for the EV powertrain testing services market in Europe.

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Europe EV Powertrain Testing Services market is segmented into vehicle type, propulsion, sourcing, country, and company. On the basis of vehicle type, the market can be segmented into light duty, medium duty, and heavy duty. There has been an increasing demand for light duty vehicles in the EU region, where the industrial sector is expanding gradually, and the need to transport raw materials and finished products efficiently and cost effectively is increasing. The running cost incurred on transporting raw materials and finished products in small pickup trucks or vans that run on battery power is lower than gasoline vehicles. The high number of electric light duty vehicles is contributing to the increased share of the EV powertrain testing services market.

Leading players operating in Europe EV powertrain testing services market include:

• Applus+ IDIADA
• Ricardo Plc
• TÜV SÜD
• AVL List GmbH
• CTAG Automotive Technology Centre of Galicia
• Intertek Group Plc
• ATESTEO GmbH & Co. KG
• HORIBA MIRA Ltd
• Element Materials Technology
• FEV Group GmbH

EV powertrain testing services market is fragmented, and manufacturers are focusing on research and development processes to fuel higher growth in the market. For instance, TÜV SÜD is the leading player in the Europe EV Powertrain Testing Services Market, accounting for market share of 9.85% in 2020 in terms of total electric vehicles tested. The company has a robust portfolio of testing services for EVs. The company recently invested over USD30 million to open the largest independent center for mobility and powertrains testing at Heimsheim in Germany. The company also has a strong testing center network ranging across various countries in Europe, which further allows it to enjoy a competitive edge over other companies.

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“Most of the leading global electric car manufacturing companies have their sales operations or headquarters in Germany. To meet the climate targets, the Germany government is offering incentives to purchase electric vehicles and plans to abolish tax on pure electric vehicles by 2030. Previously, the EVs market in Germany offered a limited range of electric cars. However, in recent years, new product offering and diversification of companies in EVs have increased sharply, attracting the attention of more domestic customers towards electric cars. Increasing sales of electric vehicles in the country, in turn is driving the electric vehicle powertrain testing services market and contributing to the dominant share of the country in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Europe EV Powertrain Testing Services Market By Vehicle Type (Light Duty, Medium Duty, Heavy Duty), By Propulsion (BEV, HEV, PHEV & FCEV), By Sourcing (Outsourcing, In-House), By Country, Competition, Forecast & Opportunities, 2016- 2030” has evaluated the future growth potential of Europe EV Powertrain Testing Services 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 Europe EV Powertrain Testing Services market.

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Europe Tire Market to Grow at a CAGR of 3.84% During the Forecast by 2027

 

Rising demand of tires from increasing production and expanding fleet of the region will drive the Europe tire market in the forecast period, 2022-2027.

According to TechSci Research report, “Europe Tire Market Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027”. The Europe tire market stood at USD44,996.46 million in 2021 and is expected to grow at a CAGR of 3.84% during the forecast period on account of expanding vehicle fleet of the region.

Tire sales can be attributed to end consumers like vehicle owners as well as Original Equipment Manufacturers (OEM) companies that produce vehicles across the region. The consumers contribute to the tire sales from the replacement demand side, whereas the other category where the demand for tires is generated from OEM for their vehicle manufacturing. For passenger cars and light commercial vehicles, the number of tires per vehicle is usually five, whereas, for medium and heavy commercial vehicles, this varies from 7 to more than 13. As fleet owners move towards heavy vehicles more generously, the demand for tires is expected to increase at a faster rate in the years coming by.

The vehicle fleet of the region has continuously expanded with time, and in the year 2016, the fleet stood around 323.93 million units and has bubbled up to 405.33 million units in 2020, according to Association des Constructeurs Européens d’Automobiles ESV (ACEA). Such huge demand is being created by the increasing daily commutation by personal vehicles and public transport. This is a key factor propelling the rise of tire demand in the replacement category. Online sales are another key factor driving the sales of tires in the region, owing to the trend of increased sales via e-commerce platforms like Amazon, Ebay, YepGarage.com, etc., that are working as sales fuel for the market. The online platforms provide a one-to-one comparison of prices and technicalities of numerous products belonging to various brands. In addition to that, tire manufacturers are themselves developing their own web portals to offer tires online. For instance, Goodyear launched its own online tire sales website in Germany.

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Europe tire market is segmented across vehicle type, demand category, tire construction type, rim size, sales channel, and by country. The market by vehicle type is further classified among passenger car, light commercial vehicle, medium & heavy commercial vehicle, two-wheeler, and OTR. The passenger car has the dominance across all the countries; however, with increasing demand from commercial vehicles owing to the increasing industrialization and mechanization in the commercial sector, the growth by light, medium & heavy commercial vehicles and OTR tires are susceptible to witness robust growth in the next five years. By demand category, the market is traced by OEM and replacement categories. Owing to the large vehicle fleet in the region, the tires for the replacement category were witnessed to show dominance, and a similar trend is expected in the forecast period. Based on tire construction type, the market is segmented into radial & bias tires. The global trend of radialization of tires in vehicles is seen to be repeating here also and hence, the shares for radial tires, despite their dominance, is witnessed to be increasing across Europe. On the basis of rim size, the tires sales are differentiated between categories of up to 19”, 20”-25” and above 25”. As most of the passenger car tires and two-wheeler tires come upto 19”, the dominance of this category is expected to prevail in the forecast years as well. By sales channel, the market is segmented across online and offline sales channels. The e-commerce market in the European countries is booming at a robust pace, and hence, online sales of tires are aided and expected to interrupt the dominance of offline channels for tire sales. Based on country, the market is segmented across Germany, Russia, France, Italy, Spain, United Kingdom, Poland, Netherland, Belgium, Slovakia, Romania, and Hungary. Germany, being one of the largest vehicle producers in Europe, has a very large vehicle fleet, and hence, the tire sales in the country are expected to retain dominancy over the next five years as well.

Key market players in the Europe tire market include :

• Compagnie Générale des Établissements Michelin SCA
• Continental AG
• Pirelli & C. S.p.A.
• Bridgestone Europe NV/SA
• Goodyear Tire & Rubber
• Kumho Tire Europe GmbH
• Nokian Tyres plc.
• Cooper Tire & Rubber Co Europe
• Yokohama Europe GmbH
• Hankook Tire & Technology Co.,Ltd.

Europe tire market is fragmented among a lot of well-established players having presence in several countries. Compagnie Générale des Établissements Michelin SCA (or Michelin) holds the highest market share and is among the top five market players across Europe. Continental AG ranks second in terms of market share in the overall Europe tire market on account of its strong presence in these countries. Additionally, there are other prominent players such as Pirelli & C. S.p.A., Bridgestone Europe NV/SA, and Goodyear Tire & Rubber, Kumho Tire Europe GmbH, Nokian Tyres plc., Cooper Tire & Rubber Co Europe, Yokohama Europe GmbH, Hankook Tire & Technology Co.,Ltd., which are holding a significant position in the Europe tire market.

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“Germany is anticipated to hold the largest volumetric shares of the market in the upcoming market on account of availability of well-established automotive industry. Furthermore, the market's growth is being aided by the quick increase in studies and research in the field, as well as the impact of investments by tire manufacturers in Europe. New market players are advised to invest and focus on the research and development of the tires for the brand establishment. Collaborations and regulated deals with the established market players which would help the prospects of the new market players,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Europe Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two- Wheeler, and OTR), By Demand Category (OEM & Replacement), By Tire Construction Type (Radial & Bias), By Rim Size (Up to 19”, 20”-25” & Above 25”), By Sales Channel (Online & Offline), By Country (Germany, Russia, France, Italy, Spain, United Kingdom, Poland, Netherland, Belgium, Slovakia, Romania, and Hungary), Competition, Forecast & Opportunities, 2027”,  has evaluated the future growth potential of Europe 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 Europe tire market.

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Europe Electric Commercial Vehicle Market to Grow at a CAGR of 25.12% through until 2027

Increasing penetration of electric commercial vehicle manufacturers & sustained focus of the government on adoption of green vehicles will lead to the growth of electric commercial vehicles in the forecasted period.

According to TechSci Research report, “Europe Electric Commercial Vehicle Market- By Country, Competition Forecast and Opportunities, 2017-2027”, Europe electric commercial vehicle market is anticipated to grow at a CAGR of 25.12% in terms of value, during the forecast period, owing to the increased rate of EV adoption by commercial fleet management companies and growing government focus on the implementation of electric buses. Europe electric commercial vehicle market stood at around 88,950 units in the year 2021. France, being the largest electric commercial vehicle market in Europe, is expected to grow at a CAGR of 23.11% in the forecast period in terms of volume. Moreover, several public and private initiatives are expanding the charging infrastructure in the region. Additional benefits are provided to the EV drivers like preferential parking permits and ability to drive in bus and taxi lanes and subsidies in purchase tax, VAT, toll road charges, registration tax, and annual circulation tax giving a point of affordability to consumers and hence, sustained growth is expected in the region.

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Europe electric commercial vehicle market is classified based on propulsion type, vehicle type, range, and country. Based on propulsion type, the market is segmented into BEVs, HEVs, PHEVs, and FCEVs. Hybrid electric vehicles (HEVs) currently constitute a majority of the market because they are relatively inexpensive and provide better range/autonomy. However, the popularity of battery electric vehicles is steadily increasing due to their lower ownership costs and reliability, low maintenance, and easier & faster charging and hence are expected to witness robust growth in upcoming years.

In terms of vehicle type, electric commercial vehicles are distinguished into three categories buses, trucks & light commercial vehicles (LCVs). On the basis of purpose and variety of utility, the market is majorly contributed by pick-up trucks. However, the penetration of electric buses & trucks is increasing and is expected to continue to grow the market sustainably.

Based on range, the market is segmented among vehicles with range/autonomy of up to 150 miles, 151-250 miles, 251-500 miles, and 501 miles & above. Vehicles with a range of up to 150 miles contribute most of the market, but as manufacturers are developing economical batteries with better capacities, vehicles with a higher range will be growing the market in the next five years.

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A major contribution to an EV’s cost is electric motors, EV batteries or a hydrogen fuel cell. EV batteries constitute a great cost investment and are driven by huge sales of battery-operated vehicles; the demand is currently dominated by batteries in an electric vehicle. However, owing to intensive research & developments, battery costs are contracting year-on-year, and with increased implementation of performance-oriented motors in EVs, price is sustainably expected to decrease in the forecast years and hence, give positive rise to the electric commercial vehicles market in Europe.

In addition to that, the market is distributed into France, Germany, United Kingdom, Spain, Italy, Norway, Netherlands, Sweden, Belgium, and Poland. Majority of electric commercial vehicle demand comes from France, Germany & United Kingdom and will witness a growth of 23.11%, 20.69%, and 23.61% CAGRs, respectively, in the next five years in terms of volume and will drive the overall market in the forecast period.

Due to the implementation of lockdown to prevent the COVID-19 pandemic in the year 2020, sales of all vehicles were halted and also affected consumer spending. Nevertheless, in most of the regions across Europe, the market rapidly recovered at the end of the third quarter of 2020.

Key market players in the Europe electric commercial vehicle market include:

• Renault–Nissan–Mitsubishi Alliance
• Peugeot S.A.                                    
• Ford Motors Corporation                                          
• Toyota Motor Corporation                                         
• Hyundai Kia Automotive Group
• Construcciones y Auxiliar de Ferrocarriles, S.A. (CAF)
• BYD Auto Co. Ltd.
• AB Volvo
• Man SE          
• Solaris Bus & Coach sp. z o.o              

Renault–Nissan–Mitsubishi Alliance currently dominates with two-digit shares in Europe electric commercial vehicle market. Other market players include Peugeot S.A., Ford Motors Corporation, Toyota Motor Corporation, Hyundai Kia Automotive Group, Construcciones y Auxiliar de Ferrocarriles, S.A. (CAF), BYD Auto Co. Ltd., AB Volvo, Man SE, Solaris Bus & Coach sp. z o.o, etc. which will contribute growth to the market in the forecast period.

Renault–Nissan–Mitsubishi Alliance dominated the market in the year 2021 due to its remarkable dealership network, which offers a wide range of economical yet qualitative products with adaptive technological demands of their customers as well as withstanding government’s safety and emission norms. The demand for commercial electric vehicles is anticipated to increase in the coming years on account of increased spending of fleet management companies on economic electric vehicles and the growing government’s initiatives to promote electric vehicles will tend to grow the market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Europe Electric Commercial Vehicle Market, By Propulsion Type (BEV, HEV, PHEV and FCEV), By Vehicle Type (Bus, Truck, and LCV), By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 501 Miles & Above), By Country (France, Germany, United Kingdom, Norway, Netherlands, Italy, Spain, Sweden, Poland, and Belgium), By Company and By Country, Forecast and Opportunities, 2017-2027”, has evaluated the future growth potential of Europe electric 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 Europe electric commercial vehicle market.

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Europe Seltzer Market Size, Share, Growth, Trend & Forecast 2027

Increase in the rate of alcohol consumption and the growing preference for low-alcohol beverages to drive Europe Seltzer Market through 2026.

According to TechSci Research report, “Europe Seltzer Market By ABV Content (Less Than and equal to 5%, More Than 5%) By Distribution Channel (Convenience stores, online, supermarkets/hypermarkets, others) By Packaging (Bottle, Can), Company Forecast & Opportunities, 2026”, The Europe seltzer market to grow at a steady rate in the forecast period. Hard seltzer is a form of beverage containing a mix of sparkling water, alcohol and often consists of fruity flavors. It is often fermented to form alcohol. Hard seltzer comes in a variety of flavors such as tangerine, watermelon, and lemon. The launch of new products and fruit flavors by the market players and the introduction of a new fermentation process to synthesize the seltzer is expected to fuel the seltzer market growth. Market players are adopting attractive marketing and social media campaigns to attract consumers and increase sales. Key players are hiring celebrities and social media influencers to expand the reach of their seltzer brands. The increase in the expenditure capacity of the consumers and the growing youth population in the region is expected to influence the growth of the seltzer market in the next five years. Consumers are preferring flavored drinks with low alcohol content and the seltzer provides low-alcohol content, gluten-free beverages that is the major reason for the high demand for seltzer in the region.

The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected several countries adversely. Leading authorities in Europe imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. The manufacturing units were temporarily shut down which stopped the operation at the critical assembly centers. Disruption in the supply chain was observed due to the restrictions imposed on import, export activity, and cross-border trade. Consumers started spending only on the purchase of essential items due to the adverse effect on the economy. Also, the restrictions on social gathering and the temporary closure of bars impacted the growth of the seltzer market adversely.

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Europe seltzer market can be segmented into ABV content, distribution channel, packaging, regional distribution, and company. Based on the ABV content, the market can be divided into less than and equal to 5%, and more than 5%. The less than and equal to 5% segment is expected to witness growth in the forecast period, 2022-2026. The rise in health awareness among the consumers and the change in preference towards the adoption of low alcohol-containing beverages is expected to fuel the growth of this segment in the next five years. Based on the distribution channel, the market can be divided into convenience stores, online, supermarkets/hypermarkets, and others. The online segment is expected to witness the fastest incremental growth in the next five years owing to the lucrative discounts and offers given by the companies to attract the consumers and the facility for quick dispatch and delivery offered by the market players.

Lifestyle changes and changes in consumer preferences are expected to fuel the growth of the seltzer market in the next five years. An increase in the consumption of carbonated beverages and a rise in the health-consciousness of people is accelerating the demand for the seltzer market. Seltzer contains lower calories, is gluten-free, and has high nutritional value. Seltzers are provided with alternative alcohol bases to satisfy the different consumer needs. The rising demand for low-alcohol and low-calorie-containing beverages is fostering the demand for seltzer in Europe as seltzer contains lower carbohydrate content and reduced-calorie compared to other beers and other mixed drinks.

Europe seltzer market can be segmented into ABV content, distribution channel, packaging, regional distribution, and company. Based on packaging, the market can be bifurcated into the bottle and can. The bottle segment is expected to dominate the market in the forecast period, 2023-2027, owing to the better aesthetic experience offered by the bottles than cans. Due to the transparent nature of the bottles, the material inside the bottle can be displayed more efficiently, which is the major reason for its high preference among the consumers.

The major players operating in the Europe seltzer market include Anheuser-Busch InBev, Constellation Brands (Corona Seltzer), Boston Beer Company (Truly Hard Seltzer), San Juan Seltzer Inc., MillerCoors (Henry's Hard Sparkling Water), Diageo (Smirnoff Seltzers), Molson Coors (Vizzy Hard Seltzer), Boathouse Beverage Co., Future Proof Brands LLC, Lift Bridge Brewing Co., White Claw Hard Seltzer (Mark Anthony Brands International), and others. Major companies are developing advanced technologies to stay competitive in the market. Other competitive strategies include mergers & acquisitions.

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Anheuser-Busch InBev, Constellation Brands (Corona Seltzer), Boston Beer Company (Truly Hard Seltzer), San Juan Seltzer Inc., MillerCoors (Henry's Hard Sparkling Water), Diageo (Smirnoff Seltzers), Molson Coors (Vizzy Hard Seltzer), Boathouse Beverage Co., Future Proof Brands LLC, Lift Bridge Brewing Co., White Claw Hard Seltzer (Mark Anthony Brands International) and others are the leading players operating in Europe Seltzer Market. Standing electric scooter manufacturers are increasingly focusing on developing and manufacturing high-tech products for standing scooters in Europe. To meet evolving customer demand with respect to better efficiency and durability, several standing electric scooter manufacturers are coming up with their technologically advanced offerings.

“Strong economic growth and the adoption of western culture coupled with the growing number of youth millennials consuming seltzer is expected to drive the demand for the seltzer market in the next five years. The leading authorities are encouraging tourism activity in Europe and introducing supportive government policies boosting the tourism industry which in turn is expected to surge the number of tourists in the country and thereby influence the sales of seltzer in the region. An increase in the number of coffee stations and bars in the country and the rapidly changing consumer preference and changes are expected to drive the demand of the seltzer market till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Europe Seltzer Market By ABV Content (Less Than and equal to 5%, More Than 5%) By Distribution Channel (Convenience stores, online, supermarkets/hypermarkets, others) By Packaging (Bottle, Can), Company Forecast & Opportunities, 2026” has evaluated the future growth potential of Europe seltzer 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 Europe seltzer market.

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Europe Rubber Market Size, Share, Growth, Trend Analysis 2027

Increasing demand for rubber in automotive & transportation industry is expected to drive growth of Europe rubber market

According to TechSci Research report, “Europe Rubber Market By Type (Natural Rubber v/s Synthetic Rubber), By Molecule (Styrene Butadiene, Polybutadiene, Butyl, Ethylene Propylene, Nitrile Elastomers, Natural Rubber, Poly cis isoprene), By Application (Tire, Medical, Industrial Hose, Footwear, Conveyor Belts, Others), By Country, Forecast & Opportunities, 2025”, the Europe rubber market is expected to grow at a steady rate during the forecast period on account of the increasing demand across various end user industries for manufacturing and production of different products and equipment. Additionally, increasing sales and production of automobiles in the region is further expected to increase the demand for rubber during the forecast period. However, volatility in the prices of raw materials, especially the oil prices might hamper the market growth through 2025. Besides, environmental concerns pertaining to the increase in air pollutions due to the emission of chemicals such as toluene, methanol, hexane, styrene, among others, is further expected to restrict the market growth over the next few years. Furthermore, the sudden outbreak and spread of pandemic COVID-19 across the globe with European region being adversely impacted by the virus might further impede the market growth. The lockdown and shutdown of economic activities has led to a demand-supply gap. Also, the automotive industry which creates the highest demand for rubber is worse hit during the pandemic. All these factors are expected to slow down the market growth during the forecast period.

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The Europe rubber market is segmented based on type, molecule, application, company and country. Based on type, the market can be split into natural rubber and synthetic rubber. Among these, the synthetic rubber segment is expected to dominate the market on account of its widespread use in various end user industries including automotive & transportation, electrical & electronics, packaging, construction, among others. Based on application, the market can be categorized into tire, medical, industrial hose, footwear, conveyor belts and others. Here, the footwear segment is expected to witness the highest growth in the market through 2025. This can be ascribed to the use of rubber in footwears for providing protection against low temperature, chemicals, water, among others.

Versalis S.p.A. (Polymeri Europa), Lanxess AG, Dynasol Elastomers SA, Sibur International GmbH, Omsk Kauchak OAO, Styron Asia Ltd., Synthos SA, Michelin Corp., Trinseo SA, Exxon Mobil Chemical Company and others are some of the leading players operating in Europe rubber market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. For instance, in June 2018, Lanxess AG launched a wide range of additives required for rubber processing. These products offer unique methods and solutions which help in reducing the associated health risks and increase the production.

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“Europe rubber market is expected to witness significant growth during the forecast period, owing to the growing automotive industry in the region. Also, increasing demand for rubber across different end user industries such as packaging, electronics, healthcare, consumer goods, among others, on account of its versatility, superior resistance and abrasion is further expected to fuel the market growth through 2025. Also, the presence of key players operating in the market in the region such as Lanxess AG, Exxon Mobil Chemical Company, among others is expected to create lucrative opportunities for the market growth over the next few years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Europe Rubber Market By Type (Natural Rubber v/s Synthetic Rubber), By Molecule (Styrene Butadiene, Polybutadiene, Butyl, Ethylene Propylene, Nitrile Elastomers, Natural Rubber, Poly cis isoprene), By Application (Tire, Medical, Industrial Hose, Footwear, Conveyor Belts, Others), By Country, Forecast & Opportunities, 2025”, has evaluated the future growth potential of Europe rubber 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 Europe rubber market.

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Europe Tire Market Size, Share to Grow at a CAGR of 3.84% During the Forecast 2027

 

Rising demand of tires from increasing production and expanding fleet of the region will drive the Europe tire market in the forecast period, 2022-2027.

According to TechSci Research report, “Europe Tire Market Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027”. The Europe tire market stood at USD44,996.46 million in 2021 and is expected to grow at a CAGR of 3.84% during the forecast period on account of expanding vehicle fleet of the region.

Tire sales can be attributed to end consumers like vehicle owners as well as Original Equipment Manufacturers (OEM) companies that produce vehicles across the region. The consumers contribute to the tire sales from the replacement demand side, whereas the other category where the demand for tires is generated from OEM for their vehicle manufacturing. For passenger cars and light commercial vehicles, the number of tires per vehicle is usually five, whereas, for medium and heavy commercial vehicles, this varies from 7 to more than 13. As fleet owners move towards heavy vehicles more generously, the demand for tires is expected to increase at a faster rate in the years coming by.

The vehicle fleet of the region has continuously expanded with time, and in the year 2016, the fleet stood around 323.93 million units and has bubbled up to 405.33 million units in 2020, according to Association des Constructeurs Européens d’Automobiles ESV (ACEA). Such huge demand is being created by the increasing daily commutation by personal vehicles and public transport. This is a key factor propelling the rise of tire demand in the replacement category. Online sales are another key factor driving the sales of tires in the region, owing to the trend of increased sales via e-commerce platforms like Amazon, Ebay, YepGarage.com, etc., that are working as sales fuel for the market. The online platforms provide a one-to-one comparison of prices and technicalities of numerous products belonging to various brands. In addition to that, tire manufacturers are themselves developing their own web portals to offer tires online. For instance, Goodyear launched its own online tire sales website in Germany.

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Europe tire market is segmented across vehicle type, demand category, tire construction type, rim size, sales channel, and by country. The market by vehicle type is further classified among passenger car, light commercial vehicle, medium & heavy commercial vehicle, two-wheeler, and OTR. The passenger car has the dominance across all the countries; however, with increasing demand from commercial vehicles owing to the increasing industrialization and mechanization in the commercial sector, the growth by light, medium & heavy commercial vehicles and OTR tires are susceptible to witness robust growth in the next five years. By demand category, the market is traced by OEM and replacement categories. Owing to the large vehicle fleet in the region, the tires for the replacement category were witnessed to show dominance, and a similar trend is expected in the forecast period. Based on tire construction type, the market is segmented into radial & bias tires. The global trend of radialization of tires in vehicles is seen to be repeating here also and hence, the shares for radial tires, despite their dominance, is witnessed to be increasing across Europe. On the basis of rim size, the tires sales are differentiated between categories of up to 19”, 20”-25” and above 25”. As most of the passenger car tires and two-wheeler tires come upto 19”, the dominance of this category is expected to prevail in the forecast years as well. By sales channel, the market is segmented across online and offline sales channels. The e-commerce market in the European countries is booming at a robust pace, and hence, online sales of tires are aided and expected to interrupt the dominance of offline channels for tire sales. Based on country, the market is segmented across Germany, Russia, France, Italy, Spain, United Kingdom, Poland, Netherland, Belgium, Slovakia, Romania, and Hungary. Germany, being one of the largest vehicle producers in Europe, has a very large vehicle fleet, and hence, the tire sales in the country are expected to retain dominancy over the next five years as well.

Key market players in the Europe tire market include :

• Compagnie Générale des Établissements Michelin SCA
• Continental AG
• Pirelli & C. S.p.A.
• Bridgestone Europe NV/SA
• Goodyear Tire & Rubber
• Kumho Tire Europe GmbH
• Nokian Tyres plc.
• Cooper Tire & Rubber Co Europe
• Yokohama Europe GmbH
• Hankook Tire & Technology Co.,Ltd.

Europe tire market is fragmented among a lot of well-established players having presence in several countries. Compagnie Générale des Établissements Michelin SCA (or Michelin) holds the highest market share and is among the top five market players across Europe. Continental AG ranks second in terms of market share in the overall Europe tire market on account of its strong presence in these countries. Additionally, there are other prominent players such as Pirelli & C. S.p.A., Bridgestone Europe NV/SA, and Goodyear Tire & Rubber, Kumho Tire Europe GmbH, Nokian Tyres plc., Cooper Tire & Rubber Co Europe, Yokohama Europe GmbH, Hankook Tire & Technology Co.,Ltd., which are holding a significant position in the Europe tire market.

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“Germany is anticipated to hold the largest volumetric shares of the market in the upcoming market on account of availability of well-established automotive industry. Furthermore, the market's growth is being aided by the quick increase in studies and research in the field, as well as the impact of investments by tire manufacturers in Europe. New market players are advised to invest and focus on the research and development of the tires for the brand establishment. Collaborations and regulated deals with the established market players which would help the prospects of the new market players,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Blog : https://www.techsciresearch.com/news/6970-europe-tire-market.html

“Europe Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two- Wheeler, and OTR), By Demand Category (OEM & Replacement), By Tire Construction Type (Radial & Bias), By Rim Size (Up to 19”, 20”-25” & Above 25”), By Sales Channel (Online & Offline), By Country (Germany, Russia, France, Italy, Spain, United Kingdom, Poland, Netherland, Belgium, Slovakia, Romania, and Hungary), Competition, Forecast & Opportunities, 2027”,  has evaluated the future growth potential of Europe 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 Europe tire market.

 

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Europe Bus and Coach Market to Grow at a CAGR of 4.44% through 2027

 Increasing population and growing popularity for daily commuting purposes are driving the growth of Europe bus and coach market in the forecast period, 2022-2027F.

According to TechSci Research report, “Europe Bus and Coach Market- By Country, Competition Forecast & Opportunities, 2027”, the Europe bus and coach market stood at USD5,101.92 million in 2021 and is expected to grow at a steady CAGR of 4.44% to reach a value of USD6,809.06 million by 2027. The rise in the urban population boosts the demand for public transportation services. Leading authorities of several countries are allocating massive funds to develop public transportations system to satisfy the growing demand of passengers. Buses and coaches constitute a significant part of the public transportation system and therefore are witnessing huge demand from all over Europe. Market players are working on expanding their product portfolio by introducing more advanced and fuel-efficient buses into the market. The growing popularity of booking services through online platforms due to the rise in the tech-savvy population and the proliferation of smart devices is expected to impact market demand positively.

However, the shift of consumers towards private vehicle ownership and rapidly changing emission norms and regulations may restrain the Europe bus and coach market growth in the forecast period.

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The Europe bus and coach market is segmented into vehicle type, bus type, length, seating capacity, fuel type, body type, regional distribution, and competitive landscape.

Based on vehicle type, the market is bifurcated into bus and coach. The bus type is further divided into the intercity bus and intracity bus. Intercity buses dominated the market in 2021 by covering a market share of 47.62% and are expected to maintain their dominance over the next five years. In Europe, the majority of travellers opt for public transportation services for their daily commute, thereby fueling the demand for intercity buses across the region.

Based on length, the market is divided into 6-8m, 8-10m, 10-12m, and above 12m. The above 12m segment is expected to grow at a CAGR of 3.72% in the forecast period owing to the high demand for long buses for commercial purposes to accommodate a large population. Also, many of the people travel through intercity buses that are longer and have higher seating capacity, which supports the segment growth.

Based on fuel type, the market is divided into diesel, petrol/gasoline, alternative fuel, electric, hybrid and fuel cell. The diesel segment led the market in 2021 and captured a market share of 71.83%. The majority of the buses running on the streets use diesel as a fuel as it has better mileage for long distances. 

Based on body type, the market is divided into fully built and customizable bodies. The customizable body segment dominated the market in 2021 with 84.59% of the overall market share. There is high demand for customizable body type buses among the private bus owners. They usually have recliner seats, low floor, different interior and lighting designs and other high comfort features. Also, the rise in the tourism and service sector in the region is expected to accelerate the demand for customizable comfortable buses, which can provide an exhilarating experience to travelers in the forecast period.

Major market players operating in Europe bus and coach market are:

• Mercedes-Benz AG (Daimler AG)
• IVECO S.p.A.
• MAN Truck & Bus SE
• Scania AB
• AB Volvo
• EvoBus GmbH (Setra)
• Temsa Skoda Sabanci Ulaşim Araçlari A.Ş.
• Alexander Dennis Limited
• Solaris Bus & Coach Sp. Z o.o
• Wrightbus

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“With the growing population and travel and tourism industry, the demand for massive vehicle fleets is increasing rapidly, which is also boosting pollution levels. Leading authorities are encouraging the manufacturing of electric buses to lower the carbon emissions into the environment and support sustainable development in their respective countries. In 2017, around 40 cities, including Paris, Rome, Barcelona, and others, signed a declaration to achieve a zero-emission bus fleet by 2025. Market players are advised to invest in the manufacturing of electric buses and coaches to gain a competitive edge in the long run and capture the highest market share through the forecast period, 2023-2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Blog : https://www.techsciresearch.com/news/7097-europe-bus-and-coach-market.html

“Europe Bus and Coach Market By Vehicle Type (Bus and Coach), By Bus Type (Intercity Bus and Intracity Bus), By Length (6-8m, 8-10m, 10-12m, Above 12m), By Seating Capacity (Up to 30, 31-40, 41-50 and Above 50), By Fuel Type (Diesel, Petrol/Gasoline, Alternative Fuel, Electric, Hybrid and Fuel Cell), By Body Type (Fully Built and Customizable Body), By Country By Company, Forecast & Opportunities, 2017- 2027F”, has evaluated the future growth potential of Europe bus and coach 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 Europe bus and coach market.

 

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Europe Electric Commercial Vehicle Market to Grow at a CAGR of 25.12% through until 2027

Increasing penetration of electric commercial vehicle manufacturers & sustained focus of the government on adoption of green vehicles will lead to the growth of electric commercial vehicles in the forecasted period.

According to TechSci Research report, “Europe Electric Commercial Vehicle Market- By Country, Competition Forecast and Opportunities, 2017-2027”, Europe electric commercial vehicle market is anticipated to grow at a CAGR of 25.12% in terms of value, during the forecast period, owing to the increased rate of EV adoption by commercial fleet management companies and growing government focus on the implementation of electric buses. Europe electric commercial vehicle market stood at around 88,950 units in the year 2021. France, being the largest electric commercial vehicle market in Europe, is expected to grow at a CAGR of 23.11% in the forecast period in terms of volume. Moreover, several public and private initiatives are expanding the charging infrastructure in the region. Additional benefits are provided to the EV drivers like preferential parking permits and ability to drive in bus and taxi lanes and subsidies in purchase tax, VAT, toll road charges, registration tax, and annual circulation tax giving a point of affordability to consumers and hence, sustained growth is expected in the region.

Browse over 47 market data Figures and spread through 90 Pages and an in-depth TOC on " Europe Electric Commercial Vehicle Market"

https://www.techsciresearch.com/report/europe-electric-commercial-vehicle-market/9499.html

Europe electric commercial vehicle market is classified based on propulsion type, vehicle type, range, and country. Based on propulsion type, the market is segmented into BEVs, HEVs, PHEVs, and FCEVs. Hybrid electric vehicles (HEVs) currently constitute a majority of the market because they are relatively inexpensive and provide better range/autonomy. However, the popularity of battery electric vehicles is steadily increasing due to their lower ownership costs and reliability, low maintenance, and easier & faster charging and hence are expected to witness robust growth in upcoming years.

In terms of vehicle type, electric commercial vehicles are distinguished into three categories buses, trucks & light commercial vehicles (LCVs). On the basis of purpose and variety of utility, the market is majorly contributed by pick-up trucks. However, the penetration of electric buses & trucks is increasing and is expected to continue to grow the market sustainably.

Based on range, the market is segmented among vehicles with range/autonomy of up to 150 miles, 151-250 miles, 251-500 miles, and 501 miles & above. Vehicles with a range of up to 150 miles contribute most of the market, but as manufacturers are developing economical batteries with better capacities, vehicles with a higher range will be growing the market in the next five years.

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A major contribution to an EV’s cost is electric motors, EV batteries or a hydrogen fuel cell. EV batteries constitute a great cost investment and are driven by huge sales of battery-operated vehicles; the demand is currently dominated by batteries in an electric vehicle. However, owing to intensive research & developments, battery costs are contracting year-on-year, and with increased implementation of performance-oriented motors in EVs, price is sustainably expected to decrease in the forecast years and hence, give positive rise to the electric commercial vehicles market in Europe.

In addition to that, the market is distributed into France, Germany, United Kingdom, Spain, Italy, Norway, Netherlands, Sweden, Belgium, and Poland. Majority of electric commercial vehicle demand comes from France, Germany & United Kingdom and will witness a growth of 23.11%, 20.69%, and 23.61% CAGRs, respectively, in the next five years in terms of volume and will drive the overall market in the forecast period.

Due to the implementation of lockdown to prevent the COVID-19 pandemic in the year 2020, sales of all vehicles were halted and also affected consumer spending. Nevertheless, in most of the regions across Europe, the market rapidly recovered at the end of the third quarter of 2020.

Key market players in the Europe electric commercial vehicle market include:

• Renault–Nissan–Mitsubishi Alliance
• Peugeot S.A.                                    
• Ford Motors Corporation                                          
• Toyota Motor Corporation                                         
• Hyundai Kia Automotive Group
• Construcciones y Auxiliar de Ferrocarriles, S.A. (CAF)
• BYD Auto Co. Ltd.
• AB Volvo
• Man SE          
• Solaris Bus & Coach sp. z o.o  

                                

Renault–Nissan–Mitsubishi Alliance currently dominates with two-digit shares in Europe electric commercial vehicle market. Other market players include Peugeot S.A., Ford Motors Corporation, Toyota Motor Corporation, Hyundai Kia Automotive Group, Construcciones y Auxiliar de Ferrocarriles, S.A. (CAF), BYD Auto Co. Ltd., AB Volvo, Man SE, Solaris Bus & Coach sp. z o.o, etc. which will contribute growth to the market in the forecast period.

Renault–Nissan–Mitsubishi Alliance dominated the market in the year 2021 due to its remarkable dealership network, which offers a wide range of economical yet qualitative products with adaptive technological demands of their customers as well as withstanding government’s safety and emission norms. The demand for commercial electric vehicles is anticipated to increase in the coming years on account of increased spending of fleet management companies on economic electric vehicles and the growing government’s initiatives to promote electric vehicles will tend to grow the market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Blog : https://www.techsciresearch.com/news/7171-europe-electric-commercial-vehicle-market.html

“Europe Electric Commercial Vehicle Market, By Propulsion Type (BEV, HEV, PHEV and FCEV), By Vehicle Type (Bus, Truck, and LCV), By Range (0-150 Miles, 151-250 Miles, 251-500 Miles and 501 Miles & Above), By Country (France, Germany, United Kingdom, Norway, Netherlands, Italy, Spain, Sweden, Poland, and Belgium), By Company and By Country, Forecast and Opportunities, 2017-2027”, has evaluated the future growth potential of Europe electric 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 Europe electric commercial vehicle 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