Railway System Market Projected to reach $30.9 billion by 2027

Railway System Market

The global railway system market is estimated to be USD 25.1 billion in 2022 and projected to reach USD 30.9 billion by 2027, at a CAGR of 4.2%. The growing requirement for upgradation and refurbishment of existing rolling stock is expected to drive the railway …

Metaverse Market for Automotive to Show Significant Growth in Near Future

Metaverse Market for Automotive

According to a research report “Metaverse Market for Automotive by Products (Software, Hardware), Technology (Virtual Reality (VR), Augmented Reality (AR), Mixed Reality (MR), Non-fungible Token (NFT), Blockchain), Function, Application & Region – Global Forecast to 2030″ published by MarketsandMarkets, the global metaverse market for automotive is projected to …

Construction Equipment Market to Show Significant Growth in Near Future

Construction Equipment Market

According to a research report “Construction Equipment Market by Type (Excavator-Crawler & Mini; Loader-Backhoe, Skid-steer, & Wheel; Dozer, Dump Truck, Compactor, Crane), Electric Equipment, Propulsion, Power Output, Rental, Aftertreatment Device and Region – Global Forecast to 2027″ published by MarketsandMarkets, the construction equipment market size is estimated to …

Electric Vehicle Market Analysis | Industry Size, Share, Growth and Forecast 2022-2030

Electric Vehicle Market

The global electric vehicle market size is projected to grow from 8,151 thousand units in 2022 to 39,208 thousand units by 2030, at a CAGR of 21.7%. Factors such as growing demand for low emission commuting and governments supporting long range, zero emission vehicles through …

Smart Electric Drive Market Size, Growth, Demand, Opportunities & Forecast To 2026

Smart Electric Drive Market

The report “Smart Electric Drive Market by Vehicle Type (PC, CV, 2W), EV Type (BEV, PHEV, HEV), Component (Power Electronics, E-Brake Booster, Inverter, Motor, Battery), Application (E-Axle, Wheel Drive), Drive (FWD, RWD, AWD), and Region – Global Forecast to 2026″, The global smart electric drive market size …

Electric Scooter and Motorcycle Market Projected to reach 6,193 thousand units by 2027

Electric Scooter and Motorcycle Market

The global Electric Scooter and Motorcycle Market is expected to account for 6,193 thousand units by 2027, growing at a CAGR of 33.1% during the forecast period. The base year for the report is 2021, and the forecast period is from 2022 to 2027. Factors such as …

Railway Cybersecurity Market worth $10.6 billion by 2027

Railway Cybersecurity Market

The railway cybersecurity market is estimated to be USD 6.2 billion in 2021 and is projected to grow at a CAGR of 9.4% during the forecast period, to reach USD 10.6 billion by 2027.  Various countries have realized that the development of railway infrastructure is …

Exhaust System Market Estimated to reach $47.9 billion by 2026

Exhaust System Market 

The report “Exhaust System Market by After-Treatment Device (DOC, DPF, LNT, SCR, GPF), Vehicle Type (PC, LCV, Trucks, Buses, Ag Tractor, Construction & Mining Equipment), Aftermarket, Component, Sensor, Application, Sales Channel and Region – Global Forecast to 2026“, is projected to grow at a CAGR of 5.3% …

Farm Equipment Market by Tractor Power Output, Autonomous Tractor, Electric Tractor – Global Forecast to 2027

Farm Equipment Market

Published by MarketsandMarkets, the global farm equipment market is projected to grow from USD 111.8 billion in 2022 to USD 141.6 billion by 2027, at a CAGR of 4.8% during the forecast period. An increase in farm mechanization, government support with farm loan waivers/credit finance, …

Semi-Trailer Market Projected to reach $41.2 billion by 2025

Semi-Trailer Market

The global Semi-Trailer Market was valued at USD 29.5 billion in 2020 and is projected to reach USD 41.2 billion by 2025, growing at a CAGR of 5.6% during the forecast period. The semi-trailer market is primarily driven by the ever-growing need for improved transportation operations across …

Autonomous Train Market Projected to reach $12.3 billion by 2030

Autonomous Train Market

According to a research report “Autonomous Train Market by Level of Automation (GOA1, GOA2, GOA3, GOA4), Technology (CBTC, ERTMS, ATC, PTC), Application, Component, Train Type (Metro, Light Rail, Bullet Train/HSR), Track Length, GOA 4 Systems and Region – Global Forecast to 2030″ published by MarketsandMarkets, the overall autonomous …

Wireless Charging Market for Electric Vehicles Projected to reach 377 million by 2027, at a CAGR of 88.4%

Wireless Charging Market for Electric Vehicles

The global Wireless Charging Market for Electric Vehicles is projected to grow from USD 15 million in 2022 to USD 377 million by 2027, at a CAGR of 88.4%. Factors such as rising sales of EVs around the world, coupled with the growing focus towards …

Automotive Diagnostic Scan Tools Market Growth Factors, Demand, Trends and Forecast to 2025

Automotive Diagnostic Scan Tools Market

According to a research report “Automotive Diagnostic Scan Tools Market by Workshop Equipment, Vehicle, Handheld Scan Tools (Scanner, Code Reader, Digital Pressure Tester, TPMS Tool, Battery Analyzer), Offering, Connectivity (wi-Fi, Bluetooth), Type and Region – Global Forecast to 2026″ published by MarketsandMarkets, the Automotive Diagnostic scan tools Market …

Automotive Traction Motor Market Projected to reach $17.3 billion by 2026

Automotive Traction Motor Market

The global automotive traction motor market is projected to grow at a CAGR of 33.7% from USD 4.1 billion in 2021 to USD 17.3 billion by 2026. Increasing demand of electric vehicles, manufacturing of high performance motors, and supporting government policies are factors responsible to …