The automotive sunroof market is advancing on account of the increasing demand to control the amount of light entering the vehicles, rising preference for premium cars, and surging focus on making automobiles aerodynamic. On the basis of material type, the market is bifurcated into fiber and glass, of which glass has historically dominated it. Glass sunroofs come in two variants: fixed, wherein the roof vents when opened, and operable, wherein it just slides to let air and sunlight in. Further, they can be either transparent or opaque, or even have a visor.
The growing production of luxury vehicles and governments’ increasing initiatives toward the reduction of carbon dioxide emissions and raising vehicles’ fuel efficiency are two of the major reasons behind the growth of the automatic self-piercing rivets market. The market is predicted to attain a size of 45.0 billion units by 2022, witnessing a CAGR of 26.2% during 2016–2022 (forecast period). Self-piercing rivets are used to join two or more pieces of dissimilar or similar material, wherein they pierce the top sheet but not the bottom one, which is fortified, thereby forming a mechanical interlock.
In 2018, the Italian electric bus charging station market generated a revenue of $12.3 million and is projected to reach $44.8 million in 2025, registering a 20.3% CAGR during the forecast period (2019–2025). The market is growing due to the rising deployment of electric buses in public fleet and government support for electric buses. Electric bus charging stations are also known as electric vehicle supply equipment, charge points, and electric recharging points and are utilized to charge the batteries of electric buses.
The smart parking systems market generated revenue of $3.4 billion in 2018, and it is projected to value $9.1 billion in 2024. Off-street parking was the larger category in 2018, based on parking site, as it makes the parking and payment process easy, with improved payment and ticketing options. Further, such solutions allow for the parking of vehicles for shorter as well as longer durations. With the development of smart cities, governments are promoting such systems, to make parking in cities more organized.
A major trend in the MaaS market is the adoption of electric vehicles for sharing purposes. Concerned at the high pollution levels and fossil fuel prices, the government of various nations are formulating policies and offering incentives to encourage the usage of electric vehicles in sharing fleets. Additionally, several automotive giants are also taking efforts to offer mobility services on clean-energy vehicles. For instance, plans of launching a sharing service, solely on electric cars, were announced by Hyundai Motor Company in 2019.
The problem of road congestion is rising in India day by day due to the surging population, which has resulted in an increased number of daily commuters. This problem is further enhanced during the peak hours, especially in the major cities, such as Mumbai, Delhi & NCR region, and Bengaluru. Ascribed to this, the authorities of these cities are taking several initiatives for encouraging the daily commuters to make use of shared mobility services. Different companies are also focusing on introducing alternative mobility options in order to deal with this problem. The utilization of shared mobility services can significantly reduce the number of vehicles on the road.
North America accounted for the largest market of advanced transportation pricing systems in 2014. The high penetration of the intelligence transportation system in North America is driving the growth of the advanced transportation pricing systems market in the region. Asia-Pacific is expected to be the fastest growing market during the forecast period. The growing need for crowd management in developing and populous countries, such as India and China is expected to drive the demand of advanced transportation pricing systems in coming years.
Among all categories based on drive type, all-wheel drive (AWD) is the leading category and is anticipated to continue dominating this segment during the forecast period, owing to its advantages, which include benefits of both front-wheel drive (FWD) and rear-wheel drive (RWD). Additionally, growing demand for better traction, acceleration, and towing capabilities in vehicles has fueled the demand for sport-utility vehicles (SUVs) and multi-utility vehicles (MUVs) equipped with AWD drivetrain, globally. Furthermore, rising demand for electric and hybrid SUVs and MUVs, the AWD category is expected to dominate the smart e-drive market in the coming years.
With urbanization, the demand for daily commuting is also growing. People need an efficient transportation mode to travel from their homes to an intermediate point, such as a bus stop or metro station, and then from that intermediate point to work, college or any other destination. Additionally, a large number of people also travel directly between their home and destination, without using intermediary modes of transport. Hiring a cab or using other public transit services can be slightly expensive and not always reliable, in terms of efficiency, which is why the demand for micromobility services, including bike (bicycle) sharing, is rising.
Browse report overview with detailed TOC on "Automotive Lithium-Ion Battery Market Research Report: By Vehicle Type (Two-Wheeler, Passenger Car, Commercial Vehicle), Battery Type (Lithium-Iron Phosphate, Lithium-Manganese Oxide, Lithium-Nickel-Manganese-Cobalt, Lithium Titanate Oxide, Lithium-Nickel-Cobalt-Aluminum Oxide), Vehicle Technology (Hybrid, Plug-in Hybrid, Fully Electric), Structural Design (Cylindrical, Prismatic, Pouch), Geographical Outlook (U.S., Canada, Germany, France, U.K., Norway, Sweden, Netherlands, China, Japan, South Korea, India, Mexico, Brazil) – Global Trends Analysis and Growth Forecast to 2024" at: https://www.psmarketresearch.com/market-analysis/automotive-lithium-ion-battery-market