Vietnam Electric Bus Market Is Dominated By Northern Region And It Is Expected To Lead By 2027F

 Increasing adoption of advanced charging technology for electric buses and increasing urbanization in the country drives the Vietnam Electric Bus Market through 2027.

According to TechSci Research report, “Vietnam Electric Bus Market - Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027”, Vietnam electric bus market is rapidly gaining pace in all regions. The growing popularity of electric buses on the road in all regions of Vietnam is driving up demand for buses. Growing need for low-emission and fuel-efficient buses is driving up market demand for electric vehicles. Owing to Vietnam's expanding infrastructure, which is expected to support steady economic growth and rising personal disposable incomes, the infrastructure for electric buses is also growing in the country. The market for electric buses in Vietnam is also influenced by the widespread use of zero emission vehicles penetration.

There is a high demand for electric buses in transportation fleets due to growing urbanization and pollution levels, which has led to an increase in the use of electric passenger vehicles. Additionally, strict requirements for manufacturers to produce fuel-efficient and environment-friendly electric cars are encouraging the growth of the Vietnam electric bus industry. Furthermore, the need for transportation has increased as a result of growing urbanization, particularly in developing countries such as Vietnam, which is also supporting the market for electric buses within the country. Vinbus and Star Charge signed a contract in November 2020 to supply smart charging technologies for charging stations.

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Global trade is disrupted by the COVID-19 pandemic. Even though the business sector was badly damaged, Vietnamese government took rapid and efficient pandemic containment measures to lessen the damage.  Furthermore, the pandemic had a significant impact on the automotive industry and the sales decreased by 60%. Moreover, this hinders investment in the market for electric vehicles. Hanoi city needs to invest more than 887 million USD to replace all diesel and gasoline-powered buses with electric alternatives in the subsequent years.

Battery packs are considered to be an important investment component that affects the market's long-term growth. Reducing battery costs are a top priority for electric bus producers because they account for 65-70% of the total cost of the bus. Vinfast invested USD 174 million in a VinES battery manufacturing facility in Ha Tinh city in December 2021. This facility has the capacity to manufacture 100,000 lithium-Ion battery packs yearly. As a result, more electric buses are anticipated in the upcoming years, which will expand the overall market.

On the basis of on seating capacity, 31-40 seater buses dominate the market and it is expected to lead in the upcoming years, followed by above 40 seater buses for long distance travel. Based on application, intracity travel is dominating the market. Based on length of the bus, 9-12 m segment is leading the market followed by above 12 m. In 2021, Northern region dominated the market for electric buses in Vietnam and it is expected that it will continue to lead the Vietnam electric bus market during the forecast period, followed by southern region and then central region.

The Vietnam Electric Bus Market can be segmented on the basis of seating type, battery type, application, bus length, and region. Based on seating capacity, the market is segmented into up to 30 seater, 31-40 seater, above 40 seater. Based on battery type, the market is bifurcated into lead acid and lithium ion. On the basis of application, the market is segmented into intercity, intracity, and airport bus. On the basis bus length, the market is segmented into 6-8 m, 9-12 m, and above 12 m.

Some of the major companies operating in the Vietnam Electric Bus Market include:

• Vingroup JSC

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

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“The market for electric buses is being driven by an expansion of the charging infrastructure and the development of more advanced battery packs with longer range and lower cost. As more competitors enter the market and provide high range and low-cost vehicles, the use of electric buses for intracity as well as intercity travel is projected to grow during the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Vietnam Electric Bus Market By Seating Capacity (Up to 30, Seater 31-40, Seater Above 40), By Battery Type (Lead Acid, Lithium ion), By Application (Intercity, Intracity, Airport Bus), By Bus Length (6-8 m, 9-12 m, Above 12 m), By Region, Competition Forecast & Opportunities, 2018-2027” has evaluated the future growth potential of Global Electric 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 take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global automotive battery management system market.

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Automotive Axial Flux Motor Market to be Valued over USD 496 Million by 2027

 Development in research & development of axial flux motor and upsurge in the demand for zero emission electric vehicles is expected to drive the growth of global automotive axial flux motor market during the forecast period, 2022-2027.

According to TechSci Research report, “Automotive Axial Flux Motor Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027F”, Global Automotive Axial Flux Motor Market was valued USD 108 Million in 2021 and is predicted to grow at CAGR of 29.80% through 2027 as it has the potential to replace radial motors owing to their power efficiency, compact size, and high torque specification.

The geometry of an axial flux motor is distinct from that of a radial motor. It uses the same electrical components as radial flux motors but produces better torque and power density. In axial flux motors, the magnetic flux direction is parallel to the motor rotation axis, but in radial flux motors, the magnetic flux direction is radial. Nearly every operating principle, including brushed DC, induction, and stepper motors, can be used in axial geometry. Axial flux motors are sometimes referred to as flat motors due to their extremely low axial length-to-diameter ratio.

In order to address environmental issues, electric vehicles are considered alternatives to conventional automobiles with combustion engines. Automotive electric car sales reached 6.6 million in 2021, according to the Global Electric Vehicle Outlook from the International Energy Agency (IEA). Axial-flux motors are majorly used in electric vehicles. Since they are small, light, and efficient, axial flux motors are ideal for use in electric vehicles. Overall, this has a positive impact on the future growth of the automotive axial flux market. Furthermore, in terms of internal combustion engines, axial flux motors are comparable to turbocharged engines. Strong hardware and electromagnetic motor designs are needed for axial flux motors. Moreover, in 2022, Mercedes acquired YASA, a producer of axial flux motors, in order to start a new motor production line. Moreover, Magnax, a Belgian company, raised 20 million euros in August 2022 for the development and manufacturing of axial flux motors. In November 2021, in order to create axial flux motors on a large scale, the Renault Group purchased a 21% minority investment in Whylot, a maker of vehicle e-motors.

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Axial flux motors are perfect for commercial machinery such as industrial robots, pumps, compressors, electrical vehicles, and drones due to their small size and high-power density. Axial flux motors produce 30–40% greater torque and have a higher power density than radial motors of equal size. Axial flux motors, and in particular the yokeless version, are anticipated to capture an ever-increasing share of the expanding electric motor market.

The Asia-Pacific region being the largest market for electric vehicles is expected to register a high CAGR during the forecast period. Moreover, European region having majority of shares dominate the market. On the basis of vehicle type, passenger car segment is dominating the market currently owing to global rise in electric passenger vehicle sales.  Majority of market is covered by battery electric vehicles followed by plug-in hybrid electric vehicles. Based on demand category, OEM is expected to dominate the global automotive axial flux motor market.

The global automotive axial flux motor market can be segmented on the basis of vehicle type, propulsion, demand category, and region. Based on vehicle type, the market is further segmented into passenger car, light commercial vehicle, medium & heavy commercial vehicle, and two wheeler. Based on propulsion type, the market is further split into BEV, HEV, and PHEV. Based on demand category, the market is divided into OEM, Aftermarket. On the basis of region, the market is divided among Asia-Pacific, Europe & CIS, North America, South America, Middle East & Africa.

Some of the major companies operating in the Global Automotive Axial Flux Motor Market include:

• Whylot Electromechanical Solutions
• Emrax D.o.o.
• Lucchi R. E Motor Solution
• Agni Motors Ltd.
• YASA Limited
• Magnax BV
• Saietta Group Plc
• Turntide Technologies
• Maglec Propulsion Ltd
• Dana TM4

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

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“The demand for the automotive axial flux market is expected to increase in the next few years owing to significant companies investing in the technology and rising sales of electric vehicles in several nations. Europe and the CIS region is expected to continue to lead by 2027, but Asia-Pacific will register a high CAGR owing to the region's significant sales of electric vehicles,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

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“Automotive Axial Flux Motor Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027F, Segmented By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheeler, Two Wheeler), By Propulsion (BEV, HEV, PHEV), By Demand Category (OEM, Aftermarket), By Region, Competition” has evaluated the future growth potential of Global Automotive Axial Flux Motor Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Automotive Axial Flux Motor Market.

 

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Electric Vehicle Test Equipment Market to register a CAGR of 12.22%, in terms of value until 2028

 Increasing concern for the environment coupled with escalation in adoption of electric vehicles is expected to lead to the growth of EV test equipment market.

According to TechSci Research report, “Electric Vehicle Test Equipment Market -  Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2028, Global Electric Vehicle test equipment Market is anticipated to grow at a robust growth rate of 12.22% in terms of value during the forecast period, owing to sustainable expenditure of electric vehicle manufacturing & increase in demand of testing services & logistics industry. The test equipment in electric vehicles is used to test the interior system and components, such as EV battery and charger testing, power electronics testing, and motor and dynamometers, to ensure overall vehicle performance. Motor testing equipment, for example, is used to check torque or electric signal, high speed of an electric vehicle using sensors, voltage probes, and other software. The automotive and electronics industries have changed dramatically in recent years. The development and demand for safety features and advanced applications in vehicles, such as navigation systems, infotainment, adaptive cruise control systems, and electronic ignition systems, necessitates higher power, high-energy power conversion systems, and advanced powertrain systems.

Customers want modular test solutions with expandable power, integrated safety, larger operating envelopes, integrated measurements, and faster transient response times for current products. As a result, advanced test solutions have been developed to support the growth of the electric vehicle test equipment market over the anticipated time period by shortening development and testing times, lowering costs, and increasing energy efficiency. The growing demand for alternative fuel vehicles and connected mobility has boosted sales of electric vehicles. Governments around the world have implemented policies to promote electric vehicles to reduce automotive emissions and air pollution. The growing demand for electric vehicles is expected to drive the market.

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Global Electric Vehicle test equipment Market is segmented on the basis of equipment type, vehicle type, by propulsion type, by sourcing type and by region. Based on equipment type, the market is further split into battery test equipment, motor test equipment, chassis dynamometer, transmission dynamometer, inverter test equipment, on-board charger test equipment, & others. Based on vehicle type, the market is segmented into passenger cars and commercial vehicles. Increase in sales of electric passenger cars owing to presence of huge population and disposable income is driving the demand for EV Test Equipment . In terms of propulsion, battery electric vehicle is expected to be the fastest growing segment during the forecast period. As the adoption of electric vehicles is rising, the testing of battery electric vehicles is increasing rapidly which correspondingly escalates the demand of Electric Vehicle Test Equipment market and is expected to continue to grow sustainably. Based on propulsion type, the market is further segmented into battery electric vehicles (BEV) & hybrid electric vehicle (HEV). In hybrid electric vehicle (HEV), holds the major share in this segment due to the power generation and economic affordability.. Based on sourcing type, the market is further bifurcated into outsourcing and in-house. Outsourcing holds the major share because of the lack of infrastructure and skilled workers to operate the testing equipment.

Some of the major players operating in the Global Electric Vehicle Test Equipment Market include:

• Chroma ATE Inc.
• Horiba Ltd.
• TUV RHEINLAND Group
• Schneider Electric SE
• Intertek Group Plc
• Durr Group
• ZF Friedrichshafen AG
• AVL List GmbH
• FEV GROUP
• ABB Ltd.

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The demand for electric vehicle test equipment is anticipated to increase globally during the forecast period, on account of increased adoption of electric vehicles. Furthermore, as technological advancement spreads around the world, it will provide an opportunity for Electric Vehicle test equipment companies to continue innovating and investing in testing equipment.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

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“Electric Vehicle test equipment Market- Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028 Segmented By Equipment (Battery Test Equipment, Motor Test Equipment, Chassis Dynamometer, Transmission Dynamometer, Inverter Test Equipment, On-Board Charger Test Equipment & Others), By Vehicle Type (Passenger Car, Commercial Vehicle), By Propulsion Type (Battery Electric Vehicle (BEV) & Hybrid Electric Vehicle (HEV), Plug-in Hybrid Electric Vehicle (PHEV), By Sourcing Type (In house & Outsourcing), By Region, has evaluated the future growth potential of Global Electric Vehicle test equipment 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 Vehicle test equipment Market.

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Philippines Tire Market to Reach USD 1.23 Billion by 2028

 The rising vehicle sales, innovation in tire technology, and favorable government policies are driving the demand of Philippines Tire market.

According to the TechSci Research report, "Philippines Tire Market - Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F", the market is anticipated to be valued at USD 0.90 billion in 2022, registering a CAGR of 5.68% in the 2023E-2028F. Automotive tyres are pneumatic structures that are mounted on the rims of vehicles to transfer the vehicle's drive to the ground. Natural rubber, synthetic rubber, wire, and fabric are used to make tyres. Each tyre model is distinguished by a distinct rubber composition with varying degrees of hardness and temperature resistance. Steel mesh is attached to the rubber on the outside (the part that contacts the road) and the inside of tyres (the part that contacts the wheel). This improves the tire's durability and hardness, reducing the likelihood of a blowout.

The Philippines Tire Market is growing because of rising automotive sales and technological advancement. As tire manufacturers increasingly focus on developing and manufacturing high-tech tires for automobiles in the Philippines, technological advancements play an important role in the development of the Philippines tire market. One of the driving factors is rising disposable income and people's high standard of living. People's rising incomes have resulted in an increase in automotive sales in the country, and as a result, tire demand is rising. Furthermore, the disposable income level of the Philippines' middle-class population is rising, which has significantly increased demand for sedans over the years, is driving the Philippine tire market even further.

Another driving factor responsible the Philippines tyre market's increasing growth rate is its openness to trade. The Philippines' growing trade relations with various world economies has made the country a trade-friendly nation in the global market. Furthermore, the country's abundant mineral and natural rubber resources have benefited the country.

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The Philippines Tire Market is segmented on the basis of demand category, vehicle type, tire construction type, price segment, sales channel, and by region. Based on demand category, the market is segmented into OEM and replacement market. The replacement segment is leading the Philippines tire market with around 70% of the share. The high replacement rate is due to high wear and tear in tire and poor road conditions. By vehicle type, the market is segmented into two-wheeler, passenger car, light commercial vehicle, and medium and heavy commercial vehicle and OTR. Among them, two-wheeler has the greatest market share of around 60% because the Filipinos have their own vehicle due to poor public transport network. On the basis of tire construction type, the market is divided into radial and bias. Bias holds the largest share in this segment because smoother ride on rough surface and are less expensive than radial. Based on price segment, the market is divided into ultra budget, budget and premium. The ultra-budget is holding the highest share owing to high two-wheeler presence, as cost of the two-wheeler tire is low. Based on the sales channel, the market is segmented into online and offline. The offline channel is dominating this segment .

Some of the major players operating in the Philippines Tire Market include:

• Philippine Allied Enterprises Corporation
• Goodyear Philippines, Inc.
• Yokohama Tire Sales Philippines Inc.
• Tiara Commercial & Industrial Corp.
• Armstrong Enterprises Company, Inc
• Sailun Co., Ltd.
• CST Tires/AP Blue Whale, Inc.
• Nexen Distribution Philippines, Inc
• Michelin Philippines Pty, Ltd.
• Westlake Tires Philippines
  
  

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“The Philippines tire market is expected to generate new opportunities as the replacement ratio in the Philippines is high. The rise in the vehicle sales is increasing the demand of Philippines tire industry. Many tire manufacturers are investing in the Philippine tire market because of the trade-friendly nation, favorable government policies, and infrastructure development, as well as the availability of natural rubber in the country, which provides many opportunities for tire players. Thus, Philippines tire market will be prosperous in the upcoming years,."said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

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“Philippines Tire Market by Demand Category (OEM , Replacement), By Vehicle Type (Two wheeler , Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle & OTR), By Tire Construction Type  (Radial , Bias), By Price Segment (Ultra Budget, Budget and Premium), By Sales Channel (Online, Offline), By Region Competition Forecast & Opportunities, 2018- 2028F, has evaluated the future growth potential of Philippines Tire Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Philippines Tire Market.

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Oilfield Thread Protectors Market | Oilfield Thread Protectors Analysis 2027

 

Global Oilfield Thread Protectors Market is driven by increasing demand for oil & gas in the forecast period, 2023-2027.

According to TechSci Research report, “Oilfield Thread Protectors Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”, The global oilfield thread protectors market may show a robust growth in the forecast years, 2023-2027 with an anticipated CAGR value. The market growth can be attributed to the factors like increasing demand for the safety tool and equipment in the drilling machinery systems. Surge in the demand for the safer oil excavation is also a major driver for the growth of the global oilfield thread protectors market in the upcoming five years. Also, increasing demands for oil production due to excessive consumption of the oil and petroleum products in various end user industries like automotive industry, textile industry, chemical industry, etc. further supports the growth of the global oilfield thread protectors market in the next five years. With increasing investment, government support, and private financial aids to the oil & gas industry ensures advancement of the drilling rig equipment and tools. Increasing investment and technological advancement in the products and their development further substantiates the growth of the global oilfield thread protectors market in the future five years. Moreover, cost efficiency is a big challenge for the oil and gas industry. Cost of complete oil production process is high and market players often need heavy investment to sustain their procedures. Recent hikes in the oil prices confirm the increasing investment required for the processes along with the financial aid required for the equipment manufacturing and support, thereby aiding the growth of the global oilfield thread protectors market in the forecast period.

Also, rising concerns regarding oil spills and thus caused adverse effects also aid the growth of the global oilfield thread protectors market in the forecast years, until 2027. Oilfield thread protectors are responsible for the safety of the oil leaks and oil spills during the excavation of the oil from reserves and their transportation. Therefore, rising concerns among the excavators and environmentalists reflect on the market growth.

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The global oilfield thread protectors market segmentation is based on material type, type, design, location, protection component, regional distribution, and competitive landscape. Based on material type, the market is bifurcated into rubber, plastic, and metal. Plastic material is anticipated to hold the largest revenue shares of the market in the upcoming five years on the grounds of utilization of heavy duty plastic for the purpose of safety. Moreover, cost of the material along with the safety standards of the material is higher. Rubber material is also expected to register significant growth in the next five years on the grounds of its application in offshore rig pipes protection. Wear and tear of rubber casings decreases in the offshore excavation, and more preferred over metal thread protectors.

Segmentation based on location, analyzes the market growth between on shore and offshore location. Onshore locations are anticipated to hold the largest revenue shares of the market and dominate the segment in the upcoming five years on the account of increasing onshore oil excavation. Moreover, increasing concerns toward oil spills on the drill floors that may cause accidental slips and falls are further driving the growth of the subsegment and market.

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

• Hunting Energy Services
• National Oilwell Varco
• M&P Flange & Pipe Protection Inc.
• Norkram Limited
• Tri-Star Protectors
• Caplugs
• Dongying Lake Petroleum Technology CO., Ltd.
• Venture Steels
• Thread Protectors, LLC
• Kannans Industrial Machinery Equipment LLC

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“North America region is anticipated to hold the largest market growth in the upcoming five years due to increased oil production and surging demand for the petroleum products in the countries like the United States, Mexico, and Canada. Increasing demand for the safety equipment looking at the alarming counts of oil spills and thus caused disasters to the marine life and human lives, is also anticipated to support the growth of the global oilfield thread protectors market in the next five years. Moreover, presence of difficult terrain in the region and surging demand for the higher production capacity of the existing reservoirs is also aiding market growth. Factors like government initiatives to support the industry and the equipment manufacturing segment further substantiates the growth of the global oilfield thread protectors market in the upcoming five years. Although various industries were affected due to regressed production and manufacturing of various equipment, the future growth for the market depends on further discoveries of oil reserves even in the fragile environments to sustain the growing demand for oil & gas. Thus, demand for safety equipment like oilfield thread protectors is bound to increase and sustain market growth,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Oilfield Thread Protectors Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Material Type (Rubber, Plastic, Metal), By Type (Pin Protectors, Box Protectors), By Design (Open End, Closed End), By Location (Onshore, Offshore), By Protection Component (Drill Pipe, Drill Collar, Tool joint, Casing, Tubing, Others), By Region”, has evaluated the future growth potential of global oilfield thread protectors 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 oilfield thread protectors market.

 

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Precast Construction Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027

The global precast construction market is projected to grow at a formidable rate during the forecast period, 2023-2027. The precast construction market is anticipated to witness high growth due to growing urbanization, growing construction activities in emerging economies and large-scale investments in infrastructure & industrial sectors. In addition to this, factors such as improved easier material handling, work-zone safety for workers and minimized need for support are encouraging workers and builders to accept the precast construction techniques, which is adding to their market growth. Besides, increase in developments in the precast technology together with dimensional accuracy are allowing architects, designers, and engineers to plan for future construction projects, developing ground-breaking constructions of exceptional quality. Rise in construction projects owing to rapid urbanization and industrialization coupled with the rise in need for development of low-cost housing units are anticipated to fuel the market growth. Moreover, surge in investment in the building and construction industry, owing to various government sponsored public housing programs is anticipated to fuel the global precast construction market growth.

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The global precast construction market is segmented on the basis of type, end-use sector, product and region. Based on product, the market is divided into columns & beams, staircase, walls, floors & roofs, paving slabs, lintels, and others. The columns & beams segment is anticipated to grow at the highest rate during the forecast period, owing to the factors such as improved work-zone safety for workers and easier material handling. In 2021, the APAC region dominated the market market of precast construction, in terms of value, followed by Europe & CIS and North America.

Some of the leading players in the global precast construction market are Komatsu Ltd., Taisei Corporation, Bouygues Construction, Larsen & Toubro Limited, Julius Berger Nigeria PLC, Red Sea Housing Services, Laing O’rourke, Balfour Beatty PLC, etc.

Some of the leading players in the global precast construction market are Komatsu Ltd., Taisei Corporation, Bouygues Construction, Larsen & Toubro Limited, Julius Berger Nigeria PLC, Red Sea Housing Services, Laing O’rourke, Balfour Beatty PLC, etc.

Attribute	Details
Historic Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, Volume in Units, CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue Forecast, Volume Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends
Segments covered	·         By Type ·         By End-Use Sector ·         By Product
Region scope	Asia Pacific; Europe & CIS; North America; South America; Middle East & Africa
Country scope	China; India; Japan; South Korea; Australia; Singapore; Malaysia; France; Germany; United Kingdom; Italy; Spain; United States; Mexico; Canada; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE; Qatar
Key companies profiled	Komatsu Ltd., Taisei Corporation, Bouygues Construction, Larsen & Toubro Limited, Julius Berger Nigeria PLC, Red Sea Housing Services, Laing O’rourke, Balfour Beatty PLC
Customization scope	10% free report customization with purchase. Addition or alteration to regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Report Scope:

In this report, the global precast construction market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Precast Construction Market, By Type:
  • Manufactured Homes
  • Modular Constructions
• Precast Construction Market, By End-User:
  • Residential
  • Non-Residential
• Precast Construction Market, By Product:
  • Columns & Beams
  • Staircase
  • Walls
  • Floors & Roofs
  • Paving Slabs
  • Lintels
  • Others
• Precast Construction Market, By Region:
  • Asia Pacific
    • China
    • India 
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Malaysia
  • Europe & CIS
    • France
    • Germany
    • United Kingdom
    • Italy
    • Spain
  • North America
    • United States
    • Mexico
    • Canada
  • South America
    • Brazil
    • Argentina
    • Colombia
  • Middle East and Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Qatar

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Mezzanine Floor Market 2027 | What is Mezzanine Floor Design Industry

Increasing demand for more space in warehouses and storage running system is driving the mezzanine floor market in the forecast period of 2022-2027.

According to TechSci Research report,"Mezzanine Floor Market – Global Industry Size, Share, Trends, Opportunity, and Forecast. 2017–2027” The global mezzanine floor market is anticipated to register vigorous growth during the forecast period, 2022-2027.The mezzanine floor provides a second level for more storage space used for multi-purpose like office, storage, room, etc. Mezzanine floors are constructed to provide a comfortable work environment and freedom. Probable variants of mezzanine floors are modular mezzanine shelving racks, single or modular mezzanine racks at the ground, and plain mezzanine at the top for office or modular mezzanine plain mezzanine.

The use of modular mezzanine shelving and racking allows for excellent storage utilization, which multiplies the amount of floor space that can be used and speeds up order processing due to the additional levels enable the creation of additional order picking aisles, storage, manufacturing, and area for assembly or office use. The system includes stairs, but there is also the ability to link the walkways on various tiers using a material lift. Plain shelf or flow shelving for the FIFO (First in, first out) system is provided on racks.

Outdoor or outside mezzanine levels are becoming more recognition. These buildings can be created to satisfy the requirements of many organizational departments, including server rooms, waiting rooms, conference rooms, and cafeterias. Moreover, in 2021, outside mezzanine floor constructions accounted for around 20% of the worldwide market growth. For instance, the e-commerce start-up Shopify powers more than 1 million online enterprises globally, including those in the consumer goods, apparel, footwear, and beverage industries. The building of logistics and distribution facilities will be fuelled by the ongoing expansion of online shopping, which is going to increase industrial demand.

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In terms of geographical performance, the size of the European mezzanine floor market is expected to grow in the year 2022 - 2037. With the progressive rise and expansion of the e-commerce sector, the regional industry is witnessing significant growth potential. For packing, return services, and storage & shipping, e-commerce companies, need warehouses. A mezzanine floor may be easily incorporated into any current design to enhance the facility since it is a very adjustable construction.

The global mezzanine floor market is divided into Floor type, Construction, and application. Based on Floor Type, the market is divided into free-standing, rack-supported, and concrete. Based on Construction, the market is segmented into Indoor, Outdoor. Based on application, the market is divided into retail, 3pl, e-commerce, manufacturing, food & beverage, and healthcare.

Based on Floor Type, free-standing, rack-supported, and concrete. Due to its characteristics, such as damp resistance, low maintenance costs, and quick building times, the concrete mezzanine segment is expected to see a significant CAGR through 2030.

Based on Application, manufacturing segments are expected to dominate the market in the forecast period due to increased manufacturing and warehouse renting rates. After the manufacturing segment e-commerce sector is expected to grow due to an increase in online services, especially after COVID-19. Customers are using more and more shopping facilities; hence, manufacturers need more space to store the goods.

Based on Construction, the market is divided into two segments indoor and outdoor. The outdoor market is expected to increase in the future due to the demand for Construction, business, industries, e-commerce applications and storage of material. The outdoor mezzanine floor can be big or as tiny as you need. They are perfect for elevating any project above the effects of variable weather and provide a more covered and secure space for outdoor activities.

A list of major market players in the Global mezzanine floor market: -

• Daifuku Co., Ltd.
• Jungheinrich AG
• MiTek Mezzanine Systems Inc.
• SSI Schaefer Group
• Stanley Black & Decker Inc.,
• Mecalux S.A,
• MezzaTech
• Stow International
• STILL GmbH.
• Konvex Storage Solution

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"The network of distribution centres and warehouses is rising due to the proliferation of e-commerce platforms. Free-standing mezzanines are now more in demand for warehouses and distribution hubs. Globally widespread internet use is propelling the growth of online shopping. For instance, the United States will see a tremendous increase in online merchants due to the 307 million active internet users there as of 2022 due to which 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.

"Mezzanine Floor Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2017-2027” Segmented By Floor Type (Free Standing, Rack Supported, Concrete), By Construction (Indoor, Outdoor), By Application (Retail, 3PL, E-Commerce, Manufacturing, Food & Beverage, Healthcare), By Region" has evaluated the future growth potential of global mezzanine floor 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 mezzanine floor market.

 

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Electric Bike Market Share | North American Electric Vehicle Market Growth 2023

 

Strict government policies related to vehicle emission standards along with rising environmental concern to aid growth of North America electric two-wheeler market by 2023

According to TechSci Research report, “North America Electric Two Wheeler Market, By Vehicle Type, By Battery Capacity, By Battery Type, By Country, Competition Forecast & Opportunities, 2013 - 2023”, North America electric two-wheelers market is projected to witness a CAGR of more than 8% through 2023. Anticipated growth in the market is led by technological advancements in electric two-wheelers as well as their battery systems. Moreover, governments of different countries in North America are providing subsidies on electric vehicles, which is further increasing their demand across the region. Few of the leading electric two-wheeler companies operating in North America are Yadae Group Holdings Ltd, AIMA Technology Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Zhenjiang Luyuan Electric Vehicle, and Dongguan Tailing Electric Vehicle Co. Ltd., among others.

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On the basis of battery type, North America electric two-wheeler market is segmented into lead acid and li-ion battery. Lead acid battery segment dominated the market in 2017 and is anticipated to continue its dominance during forecast period as well on account of their economical prices. Among vehicle types, electric scooters/mopeds segment leads the North America electric two-wheeler market with a volume share of over 60% in 2017. Rising focus on development of advanced electric vehicle battery systems is further anticipated to aid North America electric two-wheeler market over the next five years.

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“Growth in demand for electric two-wheelers has been witnessed over the past few years in North America, owing to several government initiatives to promote the use of electric two-wheelers.  Moreover, with continuously rising pollution levels, the need for cleaner automobiles with low emissions is also increasing, thereby fuelling demand for electric vehicles. Additionally, expanding dealer & distribution network of leading electric two-wheeler companies across North America along with increasing penetration of Chinese players would further propel growth in the region’s electric two-wheeler market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“North America Electric Two Wheeler Market, By Vehicle Type, By Battery Capacity, By Battery Type, By Country, Competition Forecast & Opportunities, 2013 - 2023” has analyzed the potential of electric two-wheeler market in North America region, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by North America electric two-wheeler 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. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

 

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Electric Vehicle Market Share 2028 | Electric Vehicle Target Market

 Strict government initiatives, new technologies and rising focus on environment sustainability are the driving force for North America electric vehicle market.

According to the TechSci Research report, "North America Electric Vehicle Market - By Country, Competition Forecast and Opportunities, 2018-2028F", North America Electric Vehicle market is growing at rapid pace owing to low emission from the vehicle, low maintenance cost and contributing towards the environmental situation there is increase in demand of electric vehicle. The rise in electric vehicle is also due to the sustained policy support from the government part. Also, the electric vehicles come with new technologies which are effective and efficient in the vehicle market.

An electric motor powers an electric vehicle (EV) as opposed to an internal combustion engine, which produces power by burning a mixture of fuel and gases. Therefore, to solve issues such as increased pollution, global warming, the depletion of natural resources, etc., such a vehicle is considered as a potential substitute for new-generation automobiles.

The governments has installed EV charging stations, created pollution standards, established deadlines for switching from ICE vehicles to full or hybrid EVs, and other measures to assist the growth of EV demand.  There are around more than 50000+ Charging Station and 1 lakh+ charging ports present in the north America which is enhance the EV market demand north America. Also, Consumer mindset has also been shifted towards sustainable mobility with consumer buying more Electric Vehicles.

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The North America Electric Vehicle market can be segmented based on vehicle type, propulsion, range, battery capacity and by region. Based on vehicle type, the passenger car segment currently dominates North America electric vehicle market with highest share among all vehicle type. This is due to the rising demand of the passenger car with better driving experience, disposal income of consumers and low emissions standards. In terms of propulsion type, FCEV has the fastest growing segment in the forecasted years. In the forecasted period, the battery electric vehicle segment will account for the highest volume of the market. Based on range type, 201-400 miles accounted the highest growth rate. Based on battery capacity type, market is segmented among Less Than 50 kWh, 51 kWh to 100 kWh, 101 kWh to 200 kWh, 201 kWh to 300 kWh, above 300 kWh. The widespread usage of electric trucks and buses, particularly for applications in public transportation and freight services, is primarily responsible for this market segment's rapid expansion. A wide range of EVs, including passenger cars and light commercial vehicles like vans, pickup trucks, and utility vehicles, have power outputs between 100kW and 250kW. The surge in the EVs charging station infrastructure and government measures towards the environmental sustainability are driving up the use of  EVs.

Some of the major players operating in the North America electric vehicle market include:

• Tesla Inc.
• BMW Group
• BYD Company Ltd.
• Volkswagen AG
• Hyundai Motor Company
• AB Volvo
• Daimler AG
• Ford Motor Company,
• General Motors Company
• Honda Motor Co., Ltd.

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“Many companies are investing in development in building the charging infrastructure to overcome the charging barriers of EVs. Also, With the advancement in the technology, manufacturer’s are rolling out the new Electric vehicles, with advanced features to provide better safety, security, functionality and driving experience. Also, the concern regarding the environmental pollution  Government is promoting the policy for Electric vehicle adoption which is further increasing the penetration of electric vehicle."said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“North America Electric Vehicle Market By Vehicle Type (Two Wheelers, Passenger Cars (PC) Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV)), By Propulsion Type (Battery Electric Vehicle (BEV), Plug-In Hybrid Electric Vehicle (PHEV), Fuel Cell Electric Vehicle (FCEV)), By Range (0-50 Miles, 51-150 Miles and 151-200 Miles, 201-400 Miles, and Above 400 Miles), By Battery Capacity (Less Than 50 kWh, 51 kWh to 100 kWh, 101 kWh to 200 kWh, 201 kWh to 300 kWh, Above 300 kWh), By Country, Competition Forecast and Opportunities, 2028F”, has evaluated the future growth potential of North America electric Vehicle Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the North America Electric Vehicle Market.

 

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Portable EV Chargers Market to be Dominated by Europe Region through 2027

Rising sales of electric vehicles and emergence of innovative portable EV chargers are expected to drive the demand for the global portable EV chargers market in the forecast period, 2023-2027.

According to TechSci Research report, “Portable EV Chargers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global portable EV chargers market is expected to register growth at a formidable rate during the forecast period. The market growth can be attributed to the rising penetration of electric vehicles across the globe and emergence of innovative portable electric vehicle chargers by key players. Besides, growing awareness among consumers regarding vehicular emissions and supportive government initiatives are contributing to the increased adoption of electric vehicles, which in turn, is anticipated to fuel the demand for portable electric vehicle chargers. Additionally, lack of electric vehicle charging stations and growing need to charge electric vehicles fast are supporting the growth of the global portable EV chargers market. Portable electric vehicle chargers are easy to install and require less maintenance when compared to other types of chargers as they just required to be plugged into an electric vehicle to charge its battery. Roadside assistance companies are rapidly adopting portable electric vehicle chargers to provide charging services for electric vehicles owners stranded on the side of road due to less battery. Besides, portable electric vehicle chargers are being increasingly employed for providing power for emergency vehicles, such as ambulances or fire trucks when the grid is down. Hence, increasing use of portable chargers for domestic and commercial applications is expected to boost the growth of the global portable EV chargers market in the coming years.

The Portable Electric Vehicle Charger market is growing due to the increasing demand for electric vehicles (EVs) and the need for convenient charging options. Factors contributing to this growth include:

1. Government incentives and regulations supporting EVs
2. Rising environmental concerns leading to increased adoption of EVs
3. Advances in technology, making portable chargers more efficient and user-friendly
4. Increasing public charging infrastructure for EVs
5. Growing demand for EVs in personal and commercial use.

However, the high cost of portable EV chargers and the limited range of EVs are factors that may hinder the growth of the market.

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The global portable EV chargers market is segmented into product type, vehicle type, and region.  

Based on product type, the global portable electric vehicle chargers market is bifurcated into AC charger and DC charger. The DC portable electric vehicle chargers segment is expected to register the highest growth in the forecast period. DC chargers are being widely used to provide emergency and/or convenience charging to charge batteries in a short span of time. Many electric vehicles are capable to be charged approx. 80% in about or under an hour using the most currently available DC fast chargers. Drivers are increasingly opting for DC portable electric vehicle chargers for high mileage/long distance driving and large fleets to recharge batteries during the day or on a small break as opposed to keep the vehicle plugged in overnight. Hence, the growing need to charge vehicles fast and avoid range anxiety are expected to fuel the segment growth. 

Based on vehicle type, the market is divided into two-wheeler, passenger car, and commercial vehicle. The passenger car segment is expected to hold the largest share in the global portable EV chargers market, owing to the increasing penetration of electric vehicles for personal use, owing to the enhanced environmental awareness and fluctuating gas prices. However, the commercial vehicle segment is anticipated to register the fastest growth during the forecast period, owing to the increased adoption of portable EV chargers by roadside assistance companies, shared fleet operators, etc.

Major market players operating in global portable EV chargers market are:

• ZipCharge
• SparkCharge
• EV Adept
• Chengdu Khons Technology Co., Ltd.
• Besen International Group Co., Ltd.

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“Market players are increasingly making investments to build innovative portable electric vehicle chargers that recharge batteries faster and efficiently. In recent years, many new user-friendly portable electric vehicle chargers with new features have emerged, owing to the growing adoption of electric vehicles across the world. Recently, Juice Americas, a subsidiary of Juice Technology has announced to offer their popular J+ BOOSTER 2 Portable EV charger to customers in USA, Canada, and Mexico. The portable EV charger with eight adapter plugs can be used to charge any electric vehicle, including Tesla. Launch of new portable EV chargers by market players and expansion of their product portfolios is expected to aid the growth of the global EV chargers market in the coming years.”, said Mr. Karan Chechi, Research Director, TechSci Research, a research based global management consulting firm.

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“Portable EV Chargers Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027, Segmented By Product Type (AC Charger, DC Charger), By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle) and By Region”, has evaluated the future growth potential of global portable EV chargers 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 portable EV chargers market.

 

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Shared Mobility & Advanced Technology is robustly escalating the Global Autonomous Vehicle Market

Rising demand for advanced technology, increasing investment in shared mobility, and reduced fatal injuries with autonomous vehicles are increasing the demand for the Autonomous Vehicle market.

According to the TechSci Research report, "Autonomous Vehicle Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2030F," the Global Autonomous Vehicle Market is anticipated to grow with a rapid CAGR in the upcoming years.

An autonomous vehicle is a self-driving vehicle that runs with the help of sensors and advanced features like ADAS. An autonomous vehicle operates software and travels between locations without a human operator thanks to a combination of sensors, actuators, machine learning systems, and complex and powerful algorithms. "The sensors gather real-time data of the surrounding environment including geographical coordinates, speed and direction of the car, its acceleration, and the obstacles which the vehicle can encounter.

A major factor driving the growth of the Global Autonomous Vehicle market is the paradigm shift in the transportation sector due to consumer behaviour. The autonomous vehicle keeps a 360-degree view of the surroundings. Many companies are making strides in technological innovations to provide a safe and sustainable driving experience. Also, with shared mobility is heavily investing in the autonomous vehicle to unique in their segment. Companies like Wamyo LLC, Zoox,Inc. ,   Argo Ai and General motor company  have started their operations with autonomous vehicles in different cities.

However, the high initial cost and risk of malfunctions are some of the obstacles in autonomous vehicles. Still, the manufacturers are upgrading their technology and rigorously testing their vehicles to avoid these malfunctioning. Thus, autonomous vehicles' increasing presence in the present has paved the way for a significant increase in the automobile industry's future.

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The Global Autonomous Vehicle market can be segmented based on vehicle type, level of Automation, component, mobility type and region. On the basis of vehicle type the market is segmented into Passenger Car and Commercial Vehicle. The market has been classified into five categories based on the level of automation: Level 1, Level 2, Level 3, Level 4, and Level 5 Automation. In the current context, level 1 and level 2 automation retain the majority of the market, with the recent advent of level 3 automation providing more prospects for technological advancement to introduce Level 4 and Level 5 automation. Based on Component the market has been divided into Camera, Radar Sensors, Lidar, Ultrasonic Sensors, and Infrared Sensors. The market is segmented based on Mobility type into Shared and Personal.

Some of the major players operating in the Global Autonomous Vehicle Market include:

• BMW AG
• Robert Bosch Gmbh
• Tesla,Inc.
• General Motors Company
• Daimler AG.
• Ford Motor Company
• Hyundai Motor Group
• Waymo LLC
• Zoox,Inc.
• Pony.AI, Inc.

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“Many automobile manufacturing businesses are investing in advanced technologies in order to remain competitive in the industry. With the introduction of Artificial Intelligence and other advanced technology, as well as consumer attitudes toward self-driving vehicles, the automobile industry and shared mobility companies' investment in autonomous vehicles is changing, resulting in the rapid growth of autonomous vehicles in the automobile industry. -."said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Autonomous Vehicle Market, -Global Industry Size, Share, Trends, Opportunity, and Forecast. 2018-2030Segmented By Vehicle Type (Passenger Car, Commercial Vehicle), By Level of Automation (Level 1, Level 2, Level 3, Level 4 , Level 5), By Component (Camera, Radar Sensors, Lidar, Ultrasonic Sensors and Infrared Sensors), By Mobility Type (Shared, Personal), By region, Competition Forecast & Opportunities, 2018- 2030F, has evaluated the future growth potential of Global Autonomous Vehicle  Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Autonomous Vehicle Market.

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Automotive Intercooler Market To Grow With an Impressive CAGR During The Forecast Period

 Global Automotive Intercooler Market is driven advancing technology in the forecast period, 2023-2027.

According to TechSci Research report, “Automotive Intercooler Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027”. The global automotive intercooler market may show a robust growth in the forecast years, 2023-2027 with an anticipated CAGR value. The market growth can be attributed to the factors like surging demand for the advanced car parts. Increasing concerns toward environment and surging demand for the ecofriendly and fuel efficient vehicles are further driving the growth of the global automotive intercooler market in the upcoming five years. Surging demand for the automotive turbocharger is also supporting the growth of the global automotive intercooler market in the next five years. High cases of vehicle combustion due to over heating of engines, high consumption of fuel in case the engine achieves high temperature in short duration of time further facilitates the growth of the global automotive intercooler market in the next five years. High cost of fuel, environmental harms due to excessive burning of fuel, exhausting natural fuel resources are also aiding to the growth of the market. Moreover, rapidly increasing production, sales of automobiles and overall expansion of automotive industry aids to the growth of the global automotive intercooler market in the future five years.

Governments are trying to invest in the industry for the evolution of ecofriendly automotive. Promotions of electric vehicles, battery powered vehicles are the steps toward same. Higher research and development of innovative products would also substantiate the growth of the global automotive intercooler market in the forecast years through 2027.

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The global automotive intercooler market segmentation is based on vehicle type, type, engine type, design type, demand category, regional distribution, and competitive landscape. Based on vehicle type, the market is further segmented into two-wheeler, passenger car, light commercial vehicle, medium & heavy commercial vehicle, and OTR. Passenger cars 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 increasing production and sales of the same in the Asia Pacific regions. Growing instances of engine heating due to high temperature countries and higher cost of fuels all around the world is further driving the growth of the global automotive intercooler market in the next five years. Light commercial vehicle is also anticipated to hold significant shares of the market on account of increasing demand for freight movement and growing transportation industry.

Engine type market segment is distinguished between supercharged engine and turbocharged engine. Turbocharged engines are anticipated to dominate the market segment with largest revenue shares of the market in the next five years due to surging demands for coolant for reducing the temperature of compressed air. Increasing usage and development of the downsized engines further substantiate the growth of the segment in the upcoming five years along with the market growth.

Based on design type, the market is further bifurcated into front mounted, top mounted, and side mounted. Front mounted designs may lead the market depending on the automotive requirements and its designing. Higher demand for front engines are driving the growth of the segment along with the market growth in the future five years.  

Some of the market players, dominating the global automotive intercooler market are : 

• Valeo Group
• MAHLE GmbH
• Treadstone Performance Engineering Inc.
• Bell Intercoolers
• Garrett Motion Inc.
• PWR Holdings Limited
• Garrett Motion Inc. (Honeywell)
• Kale Oto Radyator
• Pro Alloy Motorsport Ltd
• Modine Manufacturing Company

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“Asia Pacific region is anticipated to lead the global automotive intercooler market in the upcoming five years as it has been leading in the historical years due to highest sales and demand of the automobiles in the region. Moreover, larger economies like India, China are also among the largest producers of automobiles. Increasing technological advancement in the automobiles, dedicated research and product development sector in the industry in these countries along with the presence of global giants like Toyota Motors, Hyundai Motors, etc. in the region is driving the growth of the global automotive intercooler market in the future five years. Large population of the countries in the region, higher capacities of producing technologically advanced automobiles, and higher export capacities of the countries like Japan, China, further facilitate the market growth. New market players may form alliances with the global automotive manufacturers to supply the products for assembling and invest in further research to establish their brands in the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Automotive Intercooler Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Vehicle Type (Two-Wheeler, Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, OTR), By Type (Air to Air Intercooler, Water to Air Intercooler), By Engine Type (Supercharged Engine, Turbocharged Engine), By Design Type (Front Mounted, Top Mounted, Side Mounted), By Demand Category (OEM vs Replacement), By Region”, has evaluated the future growth potential of global automotive intercooler 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 automotive intercooler market.

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APAC Electric Three-wheeler Market Size, Growth, Trends & Analysis 2027

 

The demand of electric three wheelers is expected to rise as the demand from the load carrier segment is rising additionally the increase in adoption of electric vehicles is also because of the government subsidies.

According to TechSci Research report, “Asia-Pacific Electric Three-wheeler Market- By Country Competition Forecast and Opportunities, 2018-2028”. Asia-Pacific electric three-wheeler market is expected to expand as governments of various Asian countries plan to phase out the production and sale of gasoline and diesel vehicles in the coming years. This action is expected to boost the market for electric vehicles in the area, assisting the market to grow over the forecast period. For example, the Government of India and the National Institution for Transforming India (NITI Aayog) aimed that by 2030, EVs would account for 80% of two- and three-wheeler sales.

In terms of performance, maintenance, and initial cost of purchase, electric three-wheelers outperform their IC engine counterparts. The electric three-wheeler core unique selling points are fewer range-related issues, affordability, and a better value proposition in the shared mobility space. Vehicle electrification has become a trend in the automotive industry, and it represents a path toward greater energy efficiency as well as lower emissions of pollutants and other greenhouse gases. The growing environmental concern is the primary driver of the growth. As more operators enter the region's market, charging solutions such as battery swap, semi-public and public charging, and home-based charging evolve. The governments of various nations in the region support electric three-wheeler OEMs and startups, shared mobility services and charging solution providers, that comprise the electric three-wheeler ecosystem. Customers have access to an increasing number of innovative business models and cost-effective financial options, and the availability of a wider range of vehicle models, which is expected to increase the adoption of electric three-wheelers in the region.

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The demand-supply balance for electric three-wheeler services is expected to increase, which will be essential for the industry's growth. Last-mile delivery and new business models are also expected. It is anticipated that electric mobility solutions will significantly affect the market and expand growth opportunities for various ecosystem segments.

Asia-Pacific Electric Three-Wheeler Market can be segmented on the basis of vehicle type, battery capacity, battery type, and by country. Based on vehicle type, the market is further segmented into passenger carrier and load carrier. Based on battery capacity, the market is segmented into <<101Ah and >101Ah. Based on battery type, the market is segmented into lead acid & Li-ion and based on country, the market is segmented into China, India, Japan, Malaysia, Indonesia, Thailand, Vietnam, and Singapore.

Some of the major companies operating in the Asia-pacific Electric Three-Wheeler Market include:

• Xianghe Qiansheng Electric Tricycle Factory
• Euler Motors Private Limited
• Omega Seiki Mobility Private Limited
• Mahindra & Mahindra Limited (India)
• Saera Electric Auto Pvt. Ltd
• Changzhou Yufeng Vehicle Co. Ltd.
• Gayam Motor Works
• Piaggio Group
• Lohia Auto Industries
• Atul Auto Ltd.

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

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“The demand for electric vehicles is expected to rise because of the less ownership cost of the electric vehicles and the market is expected to generate new opportunity as new players are entering into the race and this will bring more competitive products in the market and the government emission norms is also influencing the demand. At the same time, increase in the adoption of electric three wheelers for public commute is expected to drive Asia-Pacific electric three wheeler market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Asia-Pacific Electric Three-Wheeler Market Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028” has evaluated the future growth potential of Asia-Pacific 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 helps 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 Asia-pacific Electric Three-Wheeler Market.

Press Release : https://www.techsciresearch.com/news/8486-apac-electric-three-wheeler-market.html

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