Categoría: Hispanicmotorpress

Electric Vehicle Market Size To Be Valued At $1,212.1 Billion By 2027 Owing To Rising Number Of Government Initiatives Globally To Promote Manufacturing & Adoption Of EVs | Million Insights

FELTON, Calif., March 2, 2021 /PRNewswire/ — The demand for the global electric vehicle market is projected to value at $1,212.1 billion by 2027, according to a new report published by Million Insights, with a CAGR of 41.5 % from 2020 to 2027. The growth can be imputed…

FELTON, Calif., March 2, 2021 /PRNewswire/ — The demand for the global electric vehicle market is projected to value at $1,212.1 billion by 2027, according to a new report published by Million Insights, with a CAGR of 41.5 % from 2020 to 2027. The growth can be imputed to the number of government initiatives across the globe to promote the adoption and manufacturing of EVs. For example, the Electric Vehicles Initiative (EVI), which is a multi-government forum, focuses on promoting the purchase of electric vehicles globally. In the current scenario, there are around 13 countries as participants in the forum. The countries include China, Chile, U.K., Sweden, Germany, Canada, Norway, Finland, Netherlands, Japan, New Zealand, France, and India. Numerous programs and campaigns are held under the forum like EV30@30 in 2017, which plans for 11 countries to account for a minimum 30.0% sale of the new electric vehicles by 2030.

What are the Driving Factors for the Electric Vehicle Market?

Large-scale investment in this market is one of the major drivers for market growth. For example, General Motors, in January 2020, announced to invest USD 2.2 Billion in the Detroit Plant for manufacturing SUVs and electric trucks. The company aims to launch above 20 EVs by 2023. Moreover, the demand for electric cars increased to 5 million units in 2018 as compared to 2 million units in 2017. China is viewed as one of the most lucrative markets for electric cars along with U.S. and Europe. However, limitation in infrastructure is expected to remain the obstacle for electric vehicles market growth in the near future.

Please click here to get the sample pdf and find more details on «Electric Vehicles Market» Report 2027.

The rising awareness of air pollution is surging the demand for electric vehicles during the forecast period. EVs emit fewer carbon gases than traditional gasoline cars. EVs are estimated to emit a mean of 4,450 pounds of CO2 each year, which is approximately half the carbon emissions produced by conventional cars per year. EVs help in lowering air pollution thereby, improving air quality and public health. This has resulted in several agencies promoting the use of EVs. For example, the U.S. Pollution Control Agency, Great Plains Institute, and the Department of Transportation are engaged to promote the use of electric vehicles in Minnesota, U.S.

Key Questions Answered in The Report:

Which Product Segment to Register Fastest Growth Rate?

The Plug-in Hybrid Electric Vehicles (PHEV) is expected to register the fastest CAGR of above 45.0% based on revenue from 2020 to 2027 due to its benefits relating to two power sources, fuel and electricity.

Which Products Segment to Account Largest Market Share?

The Battery Electric Vehicles (BEV) segment is anticipated to account for the largest share exceeding 60.0% based on revenue in 2019. The growth is imputed to the various government incentives in countries like Sweden, Germany, India, and China to promote the adoption of EVs.

Which Region is Anticipated to Hold Leading Market Share?

Asia Pacific accounted for the leading market share of above 60.0% in 2019. Moreover, Latin America is expected to register the fastest CAGR exceeding 75.0% based on revenue from 2020 to 2027 owing to the rising awareness for environmental protection among the population of Brazil.

Who are the Key Players in the Market?

The key players include BYD Company Ltd.; Ford Motor Company; Daimler AG; General Motors Company; Mitsubishi Motors Corporation; Groupe Renault; Nissan Motor Company; Volkswagen Group; Toyota Motor Corporation; and Tesla, Inc. The companies are engaged in mergers & acquisitions and collaborations to strengthen their customer base and enhance their product portfolio.

Browse 120 page research report with TOC on «Global Electric Vehicle (EV) Market» at: https://www.millioninsights.com/industry-reports/electric-vehicles-ev-market

Million Insights has segmented the global electric vehicle market based on product and region:

  • Electric Vehicle Product Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 – 2027)
    • Battery Electric Vehicles (BEV)
    • Plug-in Hybrid Electric Vehicles (PHEV)
  • Electric Vehicle Regional Outlook (Volume, Thousand Units; Revenue, USD Billion, 2016 – 2027)
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • §Germany
      • France
      • Norway
      • Netherlands
      • Sweden
    • Asia Pacific
      • China
      • India
      • Japan
      • Korea
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

Explore the Latest Press Releases by Million Insights:

  • U.S. Automotive Aftermarket – The U.S. automotive aftermarket size is projected to touch USD 86.2 billion by the year 2025. It is anticipated to grow at a CAGR of 1.8% through the forecast period of 2019-2025. The market is anticipated to grow because of rising adaption of automotive technologies like safety and exhaust technologies along with several other aspects that influence vehicular performance.
  • Household Cooking Appliances Market – The global household cooking appliances market size is anticipated to value USD 124.8 billion until 2025. It is also expected to register a CAGR of 6.5% over the forecasted years, 2019 to 2025. This growth can be associated with the rising preference over homemade food prevailing among the millennial population coupled with the integration of technologies like IoT in kitchen appliances for enhancing the ease of cooking.
  • MEMS Microphones Market – The global MEMS microphones market size is estimated to be worth USD 2,991.0 million by 2025. The industry is expected to witness substantial growth due to raising the extensive use of microphones in several end-use applications, especially consumer electronics.
  • Road Haulage Market – The global road haulage market size is anticipated to generate revenue of USD 4,071.7 billion by 2025. It is also expected to register a 5.5% CAGR during the forecasted period, 2019 to 2025. The rising need for cargo transport and the emergence of e-commerce industry is projected to boost the market growth in the upcoming years.

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:

Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com 
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Kamux’s CEO Juha Kalliokoski assigns Kamux’s shares in his possession to his children

HELSINKI, March 2, 2021 /PRNewswire/ — Kalliokoski is to transfer 280,000 Kamux Corporation’s shares to his children. The assignments are to take place during March 2021.The assignments are not related to Kamux’s operations but to Kalliokoski’s personal will to share his shareholdings with his children.

The regular stock exchange release regarding the assignment of the shares will be given as a notification regarding managers’ transactions once the assignments have been carried…

HELSINKI, March 2, 2021 /PRNewswire/ — Kalliokoski is to transfer 280,000 Kamux Corporation’s shares to his children. The assignments are to take place during March 2021.The assignments are not related to Kamux’s operations but to Kalliokoski’s personal will to share his shareholdings with his children.

The regular stock exchange release regarding the assignment of the shares will be given as a notification regarding managers’ transactions once the assignments have been carried out.

Kamux Corporation

More information:

Juha Kalliokoski, CEO

Contacts:

Communications Director, Satu Otala, tel. +358 400 629 337

ir@kamux.fi

Kamux Corporation is a retail chain specializing in the sale of used cars and related integrated services that has grown rapidly. Kamux combines online shopping with an extensive showroom network to provide its customers with a great service experience anytime, anywhere. In addition to digital channels, the company has total of 78 car showrooms in Finland, Sweden and Germany. Since its founding, the company has sold approximately 300,000 used cars, 60,657 of which were sold in 2020. Kamux’s revenue reached EUR 724.1 million in 2020. In 2020, Kamux’s average number of employees was 713 in terms of full-time equivalent employees. The shares of Kamux are listed on the Nasdaq Helsinki stock exchange.

www.kamux.com

 

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XCMG Sends Off 400 Units of Flagship Products to Countries of the Belt and Road Initiative

XUZHOU, China, March 2, 2021 /PRNewswire/ — Leading construction machinery manufacturer XCMG (000425.SZ) has sailed off more than 400 units of construction machinery equipment on February 18 from China, which will be arriving in countries of the Belt and Road Initiative (BRI) including Southeast Asian countries and Russia shortly.

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XUZHOU, China, March 2, 2021 /PRNewswire/ — Leading construction machinery manufacturer XCMG (000425.SZ) has sailed off more than 400 units of construction machinery equipment on February 18 from China, which will be arriving in countries of the Belt and Road Initiative (BRI) including Southeast Asian countries and Russia shortly.

XCMG Sends Off 400 Units of Flagship Products to Countries of the Belt and Road Initiative.

This batch export included products of various categories including excavators, loaders, graders and cranes, will be travelling along the Maritime Silk Road to bring aid to fight the COVID-19 pandemic and help the economic recovery in those countries.

XCMG has achieved continuous success in the markets of BRI’s participating countries since 2013, providing world-class products and technical support to clients worldwide.

«In recent years, XCMG actively supports our overseas allies in speeding up their infrastructure construction. We’ve customized various solutions to suit the different working conditions of each region, while ceaselessly improving our local after-sales services by setting up professional service teams to guarantee the equipment’s smooth and reliable operation,» said Liu Jiansen, VP of XCMG and GM of XCMG Import and Export Ltd.

In the meantime, XCMG delivered 48 units of customized lorry-mounted cranes to Russia in February, which have stood out in the global market for leading quality and reliable service. In 2020, XCMG saw a 68 percent growth in the sales of lorry-mounted cranes.

The three models, SQS157ARU, SQ175ARU and SQS200ARU, are known for their high cold resistance, super-long arm lengths and super lifting capabilities. The added automatic telescopic drill pile and hanging basket also achieves multipurpose functionality.

In order to adapt to the complex local construction conditions, the cranes all use low-temperature resistant electrical equipment and steel wire ropes. XCMG also solved the technical bottleneck of multi-cylinder sequential expansion and contraction, which ensures stable and powerful horizontal expansion and contraction. Meanwhile, XCMG’s self-developed load-bearing telescopic hoisting control technology effectively prevents crane damage caused by overload and excess distance.

«Committed to high-quality development, the core of XCMG’s three-step international strategy is to bring ‘Advanced and Endurable’ products and services to our clients,» Liu said.

About XCMG

XCMG is a multinational heavy machinery manufacturing company with a history of 78 years. It currently ranks fourth in the world’s construction machinery industry. The company exports to more than 187 countries and regions around the world.

For more information, please visit www.xcmg.com

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Volvo Cars to be fully electric by 2030

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — Volvo Cars is committed to becoming a leader in the fast-growing premium electric car market and plans to become a fully electric car company by 2030.

<img id="prnejpg4d68left" title="Volvo Cars to be fully electric by 2030" border="0" alt="Volvo Cars to be fully electric by 2030" align="middle" src="https://mma.prnewswire.com/media/1446762/16_9_clean_covered.jpg"…

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — Volvo Cars is committed to becoming a leader in the fast-growing premium electric car market and plans to become a fully electric car company by 2030.

Volvo Cars to be fully electric by 2030

By then, the company intends to only sell fully electric cars and phase out any car in its global portfolio with an internal combustion engine, including hybrids.

The company’s transition towards becoming a fully electric car maker is part of its ambitious climate plan, which seeks to consistently reduce the life cycle carbon footprint per car through concrete action.

Its decision also builds on the expectation that legislation as well as a rapid expansion of accessible high quality charging infrastructure will accelerate consumer acceptance of fully electric cars.

Volvo Cars’ move towards full electrification comes together with an increased focus on online sales and a more complete, attractive and transparent consumer offer under the name Care by Volvo. All fully electric models will be available online only.

The 2030 ambition represents an acceleration of Volvo Cars’ electrification strategy, driven by strong demand for its electrified cars in recent years and a firm conviction that the market for combustion engine cars is a shrinking one.

«To remain successful, we need profitable growth. So instead of investing in a shrinking business, we choose to invest in the future – electric and online,» said Håkan Samuelsson, chief executive. «We are fully focused on becoming a leader in the fast-growing premium electric segment.»

Volvo Cars launched its first fully electric car, the XC40 Recharge, in markets around the globe last year. Later today the company will reveal its second fully electric car, a new model in the 40 Series.

In coming years Volvo Cars will roll out several additional electric models, with more to follow. Already by 2025, it aims for 50 per cent of its global sales to consist of fully electric cars, with the rest hybrids. By 2030, every car it sells should be fully electric.

«There is no long-term future for cars with an internal combustion engine,» said Henrik Green, chief technology officer. «We are firmly committed to becoming an electric-only car maker and the transition should happen by 2030. It will allow us to meet the expectations of our customers and be a part of the solution when it comes to fighting climate change.»

Volvo Car Group in 2020
For the 2020 financial year, Volvo Car Group recorded an operating profit of 8.5 BSEK (14.3 BSEK in 2019). Revenue over the period amounted to 262.8 BSEK (274.1 BSEK). For the full year of 2020, global sales reached 661,713 cars (705,452), a decline of 6.2 per cent compared to 2019.

About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales of 661,713 cars in 2020 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.

As of December 2020, Volvo Cars employed approximately 40,000 (41,500) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for APAC is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

Under its new company purpose, Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This purpose is reflected into a number of business ambitions: for example, by the middle of this decade it aims for half of its global sales to be fully electric cars and to establish five million direct consumer relationships. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.

For more info, please contact:
Volvo Cars Media Relations
Phone: +46 031-596525
media@volvocars.com

Volvo Cars to be fully electric by 2030

 

Volvo Cars to be fully electric by 2030

 

Volvo Cars to be fully electric by 2030

 

Volvo Logo

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All pure electric Volvo models to be available online only

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — Volvo Cars is fundamentally changing how and where to meet its customers, and will transform the current wholesale model by moving online and with strong customer relationships.

<img id="prnejpg0955left" title="All pure electric Volvo models to be available online only" border="0" alt="All pure electric Volvo models to be available online only" align="middle"…

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — Volvo Cars is fundamentally changing how and where to meet its customers, and will transform the current wholesale model by moving online and with strong customer relationships.

All pure electric Volvo models to be available online only

It aims to be a fully electric car company globally by 2030 and will launch a completely new family of electric cars in coming years – all of which will be available online only.

As part of its new commercial strategy, Volvo Cars will invest heavily in its online sales channels, radically reduce complexity in its product offer, and with transparent and set pricing models.

Combined with online sales, Volvo Cars will focus on a complete convenient customer offering, all under the Care by Volvo name.

«The future of Volvo Cars is defined by three pillars: electric, online and growth,» says Lex Kerssemakers, head of global commercial operations. «We want to offer our customers peace of mind and a care-free way of having a Volvo, by taking away complexity while getting and driving the car. Simplification and convenience are key to everything we do.»

The strategy is focused on the fastest-growing segment in the global car industry: the premium electric market. Volvo Cars is committed to becoming a leader in this segment and will focus on developing electric cars only going forward.

While Volvo Cars is investing heavily in online sales platforms, it will build stronger customer relationships together with its retail partners. They remain a crucial part of the customer experience and will continue to be responsible for a variety of important services such as selling,preparing, delivering and servicing cars.

«Online and off-line need to be fully and seamlessly integrated,» added Lex Kerssemakers. «Wherever the customer is in their journey – online, in a showroom, in a Volvo Studio, or driving the car – the customer experience needs to be top-notch.»

Care by Volvo, until recently known as the name for Volvo Cars’ subscription service, will be expanded into a broader customer offer aimed at increasing overall convenience.

When buying an electric Volvo online, it will come with a convenient care package that includes items such as service, warranty, roadside assistance, as well as insurance where available and home charging options.

On its flagship online store, volvocars.com, the company will radically simplify the process for, and reduce the number of steps involved in, signing up for an electric Volvo.

Customers will be able to choose from attractive pre-configured electric Volvos that are ready for simple and convenient ordering and quick delivery.

Further convenience and simplification comes through transparent and set pricing models. This eliminates the need for negotiations, increases transparency and builds trust.

Volvo Car Group in 2020
For the 2020 financial year, Volvo Car Group recorded an operating profit of 8.5 BSEK (14.3 BSEK in 2019). Revenue over the period amounted to 262.8 BSEK (274.1 BSEK). For the full year of 2020, global sales reached 661,713 cars (705,452), a decline of 6.2 per cent compared to 2019.

About Volvo Car Group
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales of 661,713 cars in 2020 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.

As of December 2020, Volvo Cars employed approximately 40,000 (41,500) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for APAC is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

Under its new company purpose, Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This purpose is reflected into a number of business ambitions: for example, by the middle of this decade it aims for half of its global sales to be fully electric cars and to establish five million direct consumer relationships. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.

For more info, please contact:
Volvo Cars Media Relations
Phone: +46 031-596525
media@volvocars.com

All pure electric Volvo models to be available online only

 

All pure electric Volvo models to be available online only

 

Volvo Logo

 

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OEMs in Automotive Electric Power Steering Market Leverage Motor Control Technologies to Meet Safety in Next-gen Automotive: TMR

–  Stakeholders Collaborate in Attempt to Offer EPS-MCU Integration at Low Cost, Commercialization of Electric Vehicles Acts As Robust Accelerant for Demand in Automotive Electric Power Steering Market

–  Focus of OEMs to Reduce Development Lead Time Opens Vast Avenue for Automakers, Global Revenue to Climb to US$ 30.2 Bn by 2031

ALBANY, N.Y., March 1, 2021 /PRNewswire/ — Electric power steering (EPS) for automotive is technological…

–  Stakeholders Collaborate in Attempt to Offer EPS-MCU Integration at Low Cost, Commercialization of Electric Vehicles Acts As Robust Accelerant for Demand in Automotive Electric Power Steering Market

–  Focus of OEMs to Reduce Development Lead Time Opens Vast Avenue for Automakers, Global Revenue to Climb to US$ 30.2 Bn by 2031

ALBANY, N.Y., March 1, 2021 /PRNewswire/ — Electric power steering (EPS) for automotive is technological advancement over traditional EPS both in relation to the energy efficiency and operation of vehicles. EPS is gaining traction as smart steering assistance technology among OEMs, helping them incorporate advanced driver-assistance systems (ADAS). The automotive electric power steering market has evolved steadily over the years, with key force generating demand for more safety in vehicles. An assortment of EPS control units and semiconductor technologies have enriched the landscape of the automotive EPS. Automotive component manufacturers around the world are leaning on developing cost-effective motor control system for automakers. Recently emerging control programs in next-gen automotive are increasingly tilted toward EPS-MCU integration.

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The value-chain of the automotive electric power steering market is expanding constantly, and by 2031-end, the global valuation is projected to touch the mark of US$ 30.2 Bn.

Key Findings of Automotive Electric Power Steering Market Study

Penetration of Electric Vehicles Expands the Canvas

Growing trend of adoption of electric vehicles in both passenger and private end-users is a key trend shaping the evolution of the automotive EPS. OEMs and automakers are witnessing vast scope from the increasing pace of commercialization of electric and hybrid vehicles in developed as well as some developing economies. Developed nations are witnessing increasing adoption of ADAS in passenger and light commercial vehicles, thereby expanding the scope for developers of automotive EPS components. EPS is also becoming more common in other types of automobiles, including non-electric vehicles such as small and mid-range sports cars. In coming years, the integration of EPS with next-gen control units will gain momentum, ensuring more safety and fail-safe systems in automotive. 

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COVID-19 Presents Challenges, Nudging OEMs and Development Partners to Realign

A range of technologies that help automotive companies improvise on operational parameters of EPS. Most prominently, PID (proportional integral derivative) controllers have attracted vast research and development interest among industry players. The need for constantly improving PID software solutions and services control methods has spurred opportunities for semiconductor companies and providers of connected mobility solutions. The drive for more safety and compactness to boost fuel saving for passenger vehicles has also led to growing adoption of automotive EPS. However, in all these, companies in the automotive electric power steering market have been facing constraint of regular supply of automotive chips, arising mainly due to prolonged COVID-19-led restrictions in various countries. Further, the demand for new vehicles also saw a marked slump in recent months. This has also hindered the development of low-cost EPS-MCU systems, with a simple software integration frameworks. Meanwhile, OEMs are aligning their strategic objectives with those of various development partners to circumvent this challenge.

Explore 360 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Automotive Electric Power Steering Market (Motor Assist: Column Assist, Pinion Assist, and Rack Assist; Component: EPS Control Module, Electric Motor, Rack & Pinion, and Steering Column; Vehicle: Passenger Vehicle, Light Commercial Vehicle, and Heavy Commercial Vehicle; and Technology: Conventional EPS and EPS with ADAS) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031 at https://www.transparencymarketresearch.com/automotive-electric-power-steering-market.html

Automotive Electric Power Steering Market: Key Driving Factors and Avenues

  • Growing demands for safety and fuel savings by vehicle owners is a key trend spurring the market proposition of automotive EPS
  • Rapid penetration of electric vehicles in emerging economies such as in Asia Pacific bolstering the deployment of automotive EPS
  • Stringent emission regulations in numerous countries has further added momentum to the popularity of electric and hybrid vehicles

Automotive Electric Power Steering Market: Regional Landscape

Europe and Asia Pacific are expected to offer incredible opportunities for various industry players in the global market. Rapidly expanding automotive manufacturing in Asia Pacific spurs research in global automotive electric power steering market. The Europe market is characterized by the presence of prominent OEMs and tier-1 suppliers. Asia Pacific is expected to remain potentially lucrative over the next few years on the back of the demand for ADAS in vehicles and a thriving manufacturing sector to support the growth.

Analyze global isothermal bags & containers market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Explore Transparency Market Research’s award-winning coverage of the Global  Automotive & Transport Industry:

Vehicle Subscription Market – Global vehicle subscription market is projected to surpass US$ 81 Bn by 2030, expanding at a CAGR of ~15% during the forecast period. Automotive users are finding convenience in the vehicle subscription model, owing to flexible, monthly, or yearly subscription plan offerings

Engine Components Market – Global engine components market is expected to cross the market value of US$ 7.5 Bn by the end of 2030. Furthermore, advancements in the 3D printing technology has led to notable improvements in designs of various engine components, including valve tappet, screw cap assembly, and retainer.

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Amphibious Vehicle Market to Reach $5.02 Bn, Globally, by 2027 at 8.5% CAGR: Allied Market Research

Increase in investment in the defense industry to raise adoption and implementation in commercial applications drive the global amphibious vehicle market growth

PORTLAND, Ore., March 1, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Amphibious Vehicle Market by Mode of Propulsion (Water-Jet, Track-Based and Screw Propeller), Application…

Increase in investment in the defense industry to raise adoption and implementation in commercial applications drive the global amphibious vehicle market growth

PORTLAND, Ore., March 1, 2021 /PRNewswire/ — Allied Market Research published a report, titled, «Amphibious Vehicle Market by Mode of Propulsion (Water-Jet, Track-Based and Screw Propeller), Application (Surveillance & Rescue, Water Sports, Water Transportation and Excavation), and End Use (Defense and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2027.» According to the report, the global amphibious vehicle industry generated $2.70 billion in 2019, and is expected to garner $5.02 billion by 2027, witnessing a CAGR of 8.5% from 2020 to 2027.

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Download Report Sample (232 Pages Research) at https://www.alliedmarketresearch.com/request-sample/10462

Prime determinants of growth

Surge in investment in the defense sector to increase adoption and demand in commercial applications drive the growth of the global amphibious vehicle market. However, high initial investment and rise in operational costs along with seasonal serviceability hinder the market growth. On the other hand, usage of advanced amphibious vehicles (ACV) in marine applications and demand for amphibious excavators for dredging and excavation present new opportunities in the coming years.

Covid-19 Scenario

  • Governments across various countries have shifted their focus toward spending on healthcare and safeguarding the economy. This might result in reduced spending on the defense sector. Some of the countries had already announced reductions in the defense budget. This would affect the demand for amphibious vehicle.
  • Manufacturing activities were stopped during the lockdown in many countries. In addition, the lockdown disrupted the supply chain. During the post-lockdown, manufacturing activities would begin and supply chain would be regulated. In addition, R&D activities would gain pace and the trend of innovation will take place.

Request for Customization of this report at https://www.alliedmarketresearch.com/request-for-customization/10462

The track-based segment to maintain its lead position throughout the forecast period

Based on mode of propulsion, the track-based segment contributed to more than three-fifths of the global amphibious vehicle market in 2019, and is projected to maintain its lead position throughout the forecast period. This is due to surge in demand for various commercial applications such as dredging and excavation. However, the screw propellers segment is expected to manifest the fastest CAGR of 12.9% from 2020 to 2027. This is due to technological innovations in screw propulsion systems

The commercial segment to maintain its leadership status by 2027

Based on end use, the commercial segment held the highest market share, accounting for around four-fifths of the global amphibious vehicle market in 2019, and is projected to maintain its leadership status by 2027. This is attributed to surge in demand of amphibious excavators for dredging purposes. However, the defense segment is estimated to witness the highest CAGR of 9.7% during the forecast period. This is attributed to increase in conflicts in land and marine borders.

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North America to maintain its dominant share throughout the forecast period

Based on region, North America accounted for the largest market share in terms of revenue in 2019, holding more than two-fifths of total share, and will maintain its dominant share throughout the forecast period. This is due to rise in defense budget and military expenditure in countries such as U.S. and Canada. However, LAMEA is expected to portray the largest CAGR of 12.2% from 2020 to 2027, owing to technological developments in the field of defense systems and rise in investments by governments and military agencies.

Leading market players

  • BAE Systems
  • EIK Engineering Sdn. Bhd.
  • General Dynamics Corporation
  • Hitachi Construction Machinery
  • Lockheed Martin Corporation
  • Marsh Buggies Incorporated
  • Rheinmetall AG
  • Science Applications International Corporation (SAIC)
  • Wetland Equipment Company, Inc.
  • Wilco Manufacturing LLC.

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Similar Reports We Have on Automotive, Aerospace & Defense Industry:

Armored Vehicles Market by Application (Defense and Commercial), Drive Type (Wheel and Track), and Vehicle Type (Armored Personnel Carrier, Infantry Fighting Vehicle, Main Battle Tanks, Tactical Truck, Bus, Limousine, Sedan, and Other): Global Opportunity Analysis and Industry Forecast, 2019–2026.

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Unmanned Aerial Vehicle (UAV) Market by Type (Vertical Take-off and Landing (VTOL), Fixed Wing and Rotary Wing), Class (Small UAV, Tactical UAV and Special Purpose UAV), Application (Military, Commercial, Consumer and Others), Mode of Operation (Fully Autonomous, Remotely Piloted and Optionally Piloted) and System (Launch & Recovery Systems, Ground Control Stations, Data Links and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.

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Diriyah E-Prix underway as the first all-electric Formula E night race lights up the skies of Saudi Arabia

DIRIYAH, Saudi Arabia, Feb. 27, 2021 /PRNewswire/ — Formula E, the all-electric ABB FIA Formula E World Championship lights up the streets of Diriyah as it returns to the historic desert surroundings of UNESCO World Heritage Site At-Turaif for the third year in a row. The night race, commencing on February 26 2021, is set to be a spectacular double header in the dark. It will be the first time any motorsport race has attempted to use high performance, sustainable and…

DIRIYAH, Saudi Arabia, Feb. 27, 2021 /PRNewswire/ — Formula E, the all-electric ABB FIA Formula E World Championship lights up the streets of Diriyah as it returns to the historic desert surroundings of UNESCO World Heritage Site At-Turaif for the third year in a row. The night race, commencing on February 26 2021, is set to be a spectacular double header in the dark. It will be the first time any motorsport race has attempted to use high performance, sustainable and fully renewable LED lighting technologies

Formula E drivers light up the streets as part of the inaugural all-electric night race for Diriyah E-Prix, the first motor sporting event to attempt and successfully use high performance, sustainable and fully renewable LED lighting technologies

Jerry Inzerillo, CEO, Diriyah Gate Development Authority said: «Diriyah is proud to have hosted the Diriyah E-Prix in collaboration with the Kingdom of Saudi Arabia’s Ministry of Sport, bringing the international racing community to Saudi Arabia for one of the first major global sporting events since the pandemic began. With the world watching, the street race track wrapping around UNESCO World Heritage site At-Turaif came alive, showcasing the revolutionary potential of this motorsport. We congratulate all teams that took part in the first ever all-electric night race for ABB FIA Formula E World Championship. It was a truly unforgettable experience.»

The Diriyah E-Prix is running at 17:00 GMT (20:00 local time) on February 26 and 27. 

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Formula E drivers light up the streets as part of the inaugural all-electric night race for Diriyah E-Prix, the first motor sporting event to attempt and successfully use high performance, sustainable and fully renewable LED lighting technologies

 

Automotive Suspension Market Size is Projected to be USD 73.36 Billion by 2027 at CAGR 3.5% | Valuates Reports

BANGALORE, India, Feb. 26, 2021 /PRNewswire/ — Automotive Suspension Market is Segmented by System (Passive System, Semi Active/Active System), by Component (Spring, Shock Dampener, Struts, Control Arms, Ball Joint, Leaf Spring, and Air Compressor), by Geometry (Dependent, Semi-independent, and Independent): Global Opportunity Analysis and Industry Forecast, 2021-2026….

BANGALORE, India, Feb. 26, 2021 /PRNewswire/ — Automotive Suspension Market is Segmented by System (Passive System, Semi Active/Active System), by Component (Spring, Shock Dampener, Struts, Control Arms, Ball Joint, Leaf Spring, and Air Compressor), by Geometry (Dependent, Semi-independent, and Independent): Global Opportunity Analysis and Industry Forecast, 2021-2026. This report is published on Valuates Reports in the Vehicle Parts & Accessories Category.

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The global automotive suspension market size was valued at USD 55.28 Billion in 2019 and is projected to reach USD 73.36 Billion by 2027, registering a CAGR of 3.5%.

Major factors driving the growth of automotive suspension market size are:

  • Increased sales of luxury vehicles
  • Advancements in vehicle technologies
  • Increasing global vehicle production

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TRENDS INFLUENCING THE AUTOMOTIVE SUSPENSION MARKET SIZE

Increased demand for comfort and luxury in vehicles and quieter cabins has contributed significantly to the growth of the automotive suspension market size. Suspension plays a vital role in enhancing luxury and comfort and reducing cabin vibrations in cars. By 2021, the sales of luxury cars are expected to double as a result of advances in vehicle technology and economic growth in developing countries. All these factors are thus collectively boosting the growth of the global automotive suspension market.

The rise in vehicle production is expected to fuel the growth of the automotive suspension market size. Due to the introduction of electric vehicles, the automotive industry has seen robust growth over the last decade in countries such as China, the United States, Japan, India, Germany, and the United Kingdom. Increasing sales of electric vehicles are expected to bring down the costs of electric vehicle components such as batteries, transmissions, and alternators. Furthermore, the low labor costs can reduce the production cost, enabling manufacturers to meet the rising demands that are expected to fuel electric vehicle sales during the forecast era. Such factors, in turn, will lead to the growth of the automotive suspension market size.

In the automotive industry, technical advances have led to the production of lightweight automotive materials such as aluminum, carbon fiber, and titanium alloys in the manufacturing of suspension system components. Due to their enhanced properties such as low weight, high specific stiffness, corrosion resistance, ability to produce complex shapes, high specific strength, and high energy absorption effects, such materials are used for manufacturing suspension components. Due to the rise in demand for fuel-efficient vehicles, lightweight automotive materials are expected to witness higher adoption in the automotive industry. This, in turn, is expected to provide a lucrative growth opportunity for automotive suspension market players. 

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AUTOMOTIVE SUSPENSION MARKET SHARE

Based on geometry, due to the on- and off-road conditions, the independent automotive suspension market will capture the majority revenue share during the forecast period. Each wheel acts as a separate suspension unit, and the movement of one wheel is not dependent on the other in this type of suspension.

Based on suspension type, the air suspension segment is expected to witness the highest growth during the forecast period. A quality ride provides passengers with comfort, minimizes cargo damage, and reduces drivers’ fatigue during long journeys. In addition, to prevent further injury to already ill passengers, ambulances have a special need for enhanced vehicle suspension. These factors have boosted the demand for greater driving comfort, which in turn is having a positive impact on the growth of the air suspension segment.

The Semi-Active/Active Suspension System is estimated to be the fastest-growing segment of the automotive suspension market. The implementation of comparatively lightweight semi-active/active suspension systems is expected to be higher in developed regions such as North America and Europe as a result of the rise in the stringency of emissions and fuel efficiency regulations in the regions.

Over the forecast period, the market will experience substantial growth in the Asia Pacific region. The rise is due to rising passenger car production and increasing demand for luxury vehicles in the region.

By Region

 North America

  • US.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • UK
  • Italy
  • Rest of Europe

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific

LAMEA

  • Latin America
  • Middle East
  • Africa

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AUTOMOTIVE SUSPENSION MARKET SEGMENTATIONS

By System

  • Passive System
  • Semi Active/Active System.

By Component

By Geometry

  • Dependent
  • Semi Independent
  • Independent.

By Suspension Type

By Vehicle Type

Leading Companies:

  • Continental AG
  • Fox Factory, Inc.
  • Gabriel India Limited
  • Hendrickson USA, L.L.C.
  • KYB Corporation
  • Mando Corporation
  • Sogefi S.P.A.
  • Tenneco INC.
  • Wabco
  • ZF TRW.

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SIMILAR REPORTS :

–  Automotive Suspension Leaf Spring Market size is projected to reach USD 6800.4 Million by 2026, from USD 4767 Million in 2020, at a CAGR of 6.1% during 2021-2026.

–  Automotive Suspension Strut Market is Segmented by Type Stainless Steel, Carbon Steel, Advanced High Strength Steel, by Application Passenger Cars, Commercial Vehicles and by various regions.

–  Automotive Air Suspension Market is Segmented by Type Non-Electronically Controlled, Electronically Controlled, by Application Passenger Vehicle, Commercial Vehicle and by various regions.

–  Two-wheeler Suspension System Market is Segmented by Type Telescopic Suspension, Telescopic Suspension (upside down), Spring Loaded Hydraulic Suspension, Others, by Application OEM, Aftermarket and by various regions.

–  Commercial Vehicle Suspension System Market is Segmented by Type Passive Suspension System, Semi-Active Suspension System, Active Suspension System, by Application LCVs, HCVs and by various regions.

–  Automotive Suspension ECU Market is Segmented by Type Micro Program Type, Hardware Type, by Application Passenger Cars, Commercial Vehicles and by various regions.

–  Automotive Suspension Cross Member Market is Segmented by Type Steel, Aluminium, Others, by Application Commercial Vehicles, Passenger Cars and by various regions.

–  Automotive Suspension Mount Bracket Market

–  Automotive Suspension Mount Rubber Market is Segmented by Type Chloroprene Rubber, Natural Rubber, Nitrile Rubber, Others, by Application Commercial Vehicles, Passenger Cars and by various regions.

–  Automotive Suspension Parts Market is Segmented by Type Struts, Springs, Bushings, Others, by Application Commercial Vehicles, Passenger Cars and by various regions.

–  Automotive Suspension Bushes Market is Segmented by Type Rubber Suspension Bushes, Polyurethane Suspension Bushes, by Application OEM, Aftermarket and  by various regions.

–  Automotive Suspension and Handling Market is Segmented by Type ControlArms, Solid/LiveAxle, Multilink, Others, by Application OEM, Aftermarket and by various regions.

Click Here To See Related Reports On Automotive Suspension Market

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X-Creator Challenge Opens for Global Submissions Centering on Intelligent Equipment Solutions for Emergency and Disaster Rescue

XUZHOU, China, Feb. 26, 2021 /PRNewswire/ — XCMG, leading construction machinery manufacturer (000425.SZ) has officially launched X-Creator Challenge, the third and upgraded edition of the «XCMG Cup» Green Innovation Design Competition, which is composed of two competition categories – intelligent road emergency equipment design and geological disaster rescue equipment design.

<img id="prnejpgd6daleft"…

XUZHOU, China, Feb. 26, 2021 /PRNewswire/ — XCMG, leading construction machinery manufacturer (000425.SZ) has officially launched X-Creator Challenge, the third and upgraded edition of the «XCMG Cup» Green Innovation Design Competition, which is composed of two competition categories – intelligent road emergency equipment design and geological disaster rescue equipment design.

X-Creator Challenge Opens for Global Submissions Centering on Intelligent Equipment Solutions for Emergency and Disaster Rescue.

Both categories of the X-Creator Challenge call for groundbreaking equipment design ideas to aid emergency and disaster relief/rescue missions after earthquakes, landslides, mudslides as well as production accidents, especially utilizing intelligent technologies to save life in urgent situations. Modification suggestions under the two categories are also encouraged to submit for prize winning.

«In 2020 alone, natural disasters affected approximately 138 million people in China so quickly finding solutions to bottleneck problems in disaster relief and rescue is of the utmost importance. New technologies such as 5G, modularized multi-functional emergency rescue equipment, quick disassembly/assembly of equipment as well as remote control are undoubtedly the key to further development,» said Xiaodong Xu, Deputy GM of XCMG Fire-fighting Safety Equipment.

Participants from around the world are now welcome to upload their designs online until June. In addition to financial awards and scholarships, first-prize winners will be given opportunities to carry out their project with universities or enterprises. Excellent contestants from the preliminary rounds may receive an interview invitation from XCMG, and exceptional winners may even receive offers to join the XCMG team.

X-Creator has set an industrial transformation funding pool totaling 10 million yuan (US$ 1.55 million). In addition to complete solution and equipment designs, excellent product and function optimization feedback submitted by international participants will also be considered for awards.

Launched in 2016, the XCMG Cup competition is part of XCMG’s 14 precisely positioned global public welfare projects and a major breakthrough of the traditional R&D model to promote technological innovation and encourage young talents to push forward the sustainable development of the industry.

Multiple concepts and innovative ideas from previous competitions have been applied in product design and development, including the compact low-noise, high-efficacy fan project from the first XCMG Cup, the multi-functional, green-powered small excavator design in the second year among others.

For more information about X-Creator Challenge, please visit: https://www.xcmgapprentice.com/ 

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