Automotive

   The global   electric scooters market   is valued at US$ 9.59 billion as of 2022. The market is expected to grow at a CAGR of 9% during the forecast period, and by 2032, the market is expected to reach an estimated US$ 22.7 billion. Rising fuel prices, coupled with an increasing demand for fuel-efficient vehicles, are expected to drive the  demand for electric scooters  during the forecast period. Apart from that, government agencies across the world are taking steps to combat pollution because of rapid urbanization. Consequently, people have started adopting these  electric two wheelers  because of the extremely low emissions associated with their usage, which is further expected to surge the electric scooters market growth.  Not only that, these  mobility devices  are effective in handling noise pollution as well. The noise that is generated during the application of electric scooter is much less as compared to fuel-b...

  The global  hybrid vehicles market share  is expected to create a lucrative growth opportunity over the estimation period from 2022 to 2032 by registering a CAGR of 21.6%. The market is anticipated to be valued at US$ 192.7 Bn in 2022 and is expected to reach a valuation of US$ 1,362.3 Bn by 2032. According to the historical analysis ranging from 2015 to 2021, the hybrid vehicles market exhibited growth at a robust CAGR of 11.4% and is projected to accelerate during the current estimation period at a phenomenal CAGR of 21.6% throughout the forecast period. This surging year-on-year growth in 2022 is expected to bolster even further as governments from all over the world are rapidly taking initiatives to reduce carbon footprints in the transportation sector. The widespread adoption of luxury vehicles combined with the enforcement of severe emission-related regulations and high demand for electric vehicles are all contributing to the expansion of the hybrid vehicles marke...

  The global park assist system market is projected to reach a valuation of US$ 595.6 Million in 2022. Demand is forecast to increase at a  14.3%  CAGR during the forecast period, reaching US$ 2.2 Billion by 2032. Park assist system, which is also known as advanced parking guidance system, helps the driver park with higher precision using advanced guidance technology that uses radar and ultrasonic based solutions. The  park assist system  is customer centric that elevates every phase of the parking experience with advanced parking features that guide drivers to park with confidence. These systems provide great performance, better efficiency, along with increased safety & security for vehicles which is propelling the demand for park assist systems. Along with the above mentioned factors, park assist system also minimizes the chance for potential scratches and dings when parking into very tight places. As per FMI, the global park assist system market...

  North America Underground Mining Vehicle Market   was worth US$ 22 Billion in the year 2022 and is expected to reach US$ 31 Billion by the year 2032 at a CAGR of 3.5% between 2022 and 2032. The factor basically driving the underground mining vehicle is that it’s durable. The other reason behind the popularity of  underground mining vehicle  is LHD, LPDT, and underground haulers to transport materials from mine to preferred location (where material gets processed further). Shearers are amongst the major production/support unit used to extract ore and coal from mine and also make smaller granules of material/metal rocks. Ground support is leading North America underground mining vehicle market. There is a growing demand for shearers, roof bolter, and scalers to extract coal, metals, and the other ores. Non-metallic and metal mining are ruling the roost. The local players are also making an entry into the market and preferred by the end-users due to physical proximity...

  The global   aircraft carbon brake disc market size   is expected to have a positive outlook during the forecast period from 2022 to 2032. The global market is predicted to reach around US$ 1,136.23 Million in 2022 and is anticipated surge to a high of US$ 2,034.81 Million by the year 2032. The global aircraft carbon brake disc market was valued at around US$ 1,071.92 Million in 2021. The market is expanding as a result of carbon brake discs working as a feasible substitute for steel brakes and offering significant weight reductions when compared to the latter. Additionally, carbon brake discs are known to wear consistently and function better as the temperature rises. As a result, market valuation is likewise increasing over time and is predicted to continue growing in the upcoming years. Due to its widespread use in takeoffs, landings, manoeuvring, halting, and landing aircraft, the global market for aircraft carbon brake discs is experiencing a significant increase i...

  Railway Fishplate Market Size   was worth US$ 4.83 Billion in the year 2022 and is expected to reach US$ 5.89 Billion by the year 2028 at a CAGR of 3.4% between 2022 and 2028. Railway fishplates are vital railway fasteners used for joining any two railway tracks. A railway fishplate comprises a metal bar bolted to end of two rail tracks so that they could be joined. A railway fishplate is also known as splice bar or joint bar. It could be divided into three kinds inclusive of light rail, heavy rail, and crane rail. The name ‘fishplates’ actually comes from ‘fish’ – a wooden reinforcement of ‘built-up’ ship’s mast. High-speed rails and railway signalling systems basically drive demand pertaining to insulated rail joints. They are used on an extensive note for identifying trains within track circuit. They curtail noise, make way for rising comfort, and are also best-suited for every climatic condition and environment. Plus, the operators, for eradicating threat of accidents an...

  According to ESOMAR-certified Future Market Insights’ (FMI) by 2032 it is anticipated that the global   automotive air filter market share   will be worth US$ 6,680 million, up from an estimated value of US$ 5,321.3 million in 2022. In the automotive air filter market during the forecast period, a CAGR of 2.3% is anticipated. Start-up Ecosystem: Filters2Go Air filters for commercial and automotive use are distributed by Filters2Go, a company based in the US. There are filters available for air conditioners, purifiers, pleated, dust, cabins, and activated carbon. Additionally available are HEPA vacuum cleaners and fresh filters. Freudenberg Filtration Technologies L.P. The company Freudenberg Filtration Technologies L.P. produces MicronAir® and Viledon® air filters and filter media for use in a variety of applications, including general HVAC, automotive cabin air systems, paint spray booths, hospitals, pharmaceutical and electronics manufacturing, food, turbine applicati...