The taxi market is was valued at USD 159.6 billion in 2020, and it is estimated to reach USD 327.54 billion by 2026, at a rate of 8.95 % over the forecast period (2021-2026). In 2020, the global taxi market experienced significant damage due to COVID-19, with lockdowns and restricted moments the demand for taxi. Increase risk associated...
China’s demand for Automation and Robots has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer...
The engine management system market is projected to grow to USD 63.2 billion by 2025 from USD 58.8 billion in 2020, at a CAGR of 1.5% during the forecast period. The major driving factors for the engine management system industry are stringent emission norms, fuel efficiency regulations and growing vehicle production around the globe. However,...
Major companies in the motor vehicle body, stamped metal, & other parts market include Lindy Manufacturing; Alcoa Inc.; Acro; Gestamp and Trans-Matic. The global motor vehicle body, stamped metal & other parts market is expected to grow from $1358.25 billion in 2020 to $1424.33 billion in 2021 at a compound annual growth rate (CAGR)...
Major companies in the motor vehicle engine, power train, & parts market include Honda; BMW; Toyota; Mercedes-Benz and Ford. The global motor vehicle engine, power train & parts market is expected to grow from $806.94 billion in 2020 to $846.39 billion in 2021 at a compound annual growth rate (CAGR) of 4.9%. The growth is mainly due...
Major companies in the motor vehicle electrical & electronic equipment, steering, suspension, & interiors market include Bosch; Hyundai; Tennaco; DENSO and Hella. The global motor vehicle electrical & electronic equipment, steering suspension, & interiors market is expected to grow from $484.85 billion in 2020 to $510.6 billion in 2021...
The market for polyimide films is expected to expand at a CAGR of over 7% during the forecast period. Major factors driving the market studied is the increasing demand from the electronics industry. High processing cost of polyimide films is one of the major challenges witnessed in the polyimide films market - Increasing adoption of...
The metal matrix composites market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the higher specific strength and modulus of metal matrix composites market. However, lack of experienced workforce for manufacturing metal matrix composites is likely to hinder the...
The specialty vehicle market was valued at around USD 92.28 billion in 2020, and it is likely to reach USD 113.21 billion by 2026, anticipating a CAGR of 3.18% during the forecast period (2021-2026). - The economic growth in the later half of past decade (2010 - 2019) has led to the global diversification and initiation of many businesses...
Major companies in the motor vehicle and parts dealers market include AutoNation; CarMax; Group 1; Penske Automotive Group and Sonic Automotive. The global motor vehicle and parts dealers market is expected to grow from $3920.36 billion in 2020 to $4355.18 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. The growth...