From catering to a few affluent sections of society to transforming into a domain of necessity, the automotive and transportation industry has come a
...long way since its birth in the early 20th century. Today, the automotive industry is stronger than ever, with the world witnessing an exponential rise in vehicular sales in the last decade or so. New technologies such as robotics and Artificial Intelligence (AI) have strengthened and streamlined manufacturing processes, bringing down costs and enhancing efficiency. For instance, Universal Robots developed their iconic robot arm that reduces production time on the assembly line. Furthermore, rising incomes, developing economies, and globalization have enabled players in this industry to penetrate into hitherto unexplored markets and territories and expand their operations and presence. Moreover, commitment to sustainable development has spurred countries to aggressively promote production and consumption of hybrid and electric cars. According to a report by the Bank of America, electric vehicles will account for 95% of vehicle sales by 2050. Fortune Business Insights is thoroughly researching the dynamics of this thriving industry. Our aim is to come out with customized reports that will aid stakeholders to make informed business decisions and maximize their revenues.
Read MoreThe global luxury car rental market size was valued at USD 45.31 billion in 2023. The market is projected to grow from USD 49.15 billion in 2024 to USD 89.60 billion... Read More
The global vehicle-to-grid (V2G) market size was valued at USD 11.39 million in 2023. The market is projected to grow from USD 14.19 million in 2024 to USD 116.53 mi... Read More
The global recreational vehicle market was valued at USD 48.26 billion in 2023. The market is projected to grow from USD 49.69 billion in 2024 and reach USD 69.23 bi... Read More
The global Hybrid Vehicle Market size was valued at USD 271.80 billion in 2023. The market is projected to grow from USD 291.42 billion in 2024 to USD 504.18 billion... Read More
The global Internet of Vehicles market size was valued at USD 145.24 billion in 2023. The market is projected to grow from USD 173.90 billion in 2024 to USD 972.59 b... Read More
The global powersports market size was valued at USD 37.96 billion in 2023. The market is projected to grow from USD 39.77 billion in 2024 to USD 60.51 billion by 20... Read More
The global fuel cell powertrain market size was valued at USD 321.4 million in 2023. The market is projected to grow from USD 597.9 million in 2024 to USD 91,547.4 m... Read More
The global luxury car market size was valued at USD 1.17 trillion in 2023. The market is projected to grow from USD 1.29 trillion in 2024 to USD 2.79 trillion by 203... Read More
The global solar vehicle market size was valued at USD 456.6 million in 2023. The market is projected to grow from USD 545.0 million in 2024 to USD 2,526.2 million b... Read More
The global passenger ferries market size was valued at USD 9.77 billion in 2023. The market is projected to grow from USD 10.14 billion in 2024 to USD 13.73 billion ... Read More
The global off-highway vehicle engine market size was valued at USD 218.61 billion in 2023. The market is projected to grow from USD 277.83 billion in 2024 to USD 1,... Read More
The global locomotive market size was valued at USD 11.72 billion in 2023. The market is projected to grow from USD 12.56 billion in 2024 to USD 25.12 billion ... Read More
The global automotive electronics market size was valued at USD 259.63 billion in 2023. The market is projected to grow from USD 279.93 billion in 2024 to USD 425.19... Read More
The global mobility as a service (MaaS) market size was valued at USD 391.69 billion in 2023. The market is projected to grow from USD 410.63 billion in 2024 to USD ... Read More
The global e-SUV market size was valued at USD 208.50 billion in 2023. The market is projected to grow from USD 223.06 billion in 2024 to USD 617.57 billion by 2032,... Read More