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 motorcycle airbag market size was valued at USD 16.9 million in 2023. The market is projected to grow from USD 22.5 million in 2024 to USD 109.7 million b... Read More
The global shared mobility market size was valued at USD 71.22 billion in 2023. The market is projected to grow from USD 77.42 billion in 2024 to USD 274.99 billion ... Read More
The global electric utility vehicle market size was valued at USD 20.11 billion in 2023. The market is expected to grow from USD 21.95 billion in 2024 to USD 44.97 b... Read More
The global heavy commercial vehicles market size was valued at USD 210.72 billion in 2023. The market is projected to grow from USD 211.67 billion in 2024 to USD 275... Read More
The global medium commercial vehicles market size was valued at USD 82.29 billion in 2023. The market is projected to grow from USD 84.09 billion in 2024 to USD 108.... Read More
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The global automotive gearbox market size was USD 63.53 billion in 2023. The market is projected to grow from USD 68.30 billion in 2024 to USD 103.86 billion by 2032... Read More
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The global electric vehicle HVAC market size was valued at USD 6.51 billion in 2023. The market is projected to grow from USD 7.90 billion in 2024 to USD 24.84 billi... Read More
The global minivans market size was USD 100.38 billion in 2023. The market is projected to grow from USD 107.17 billion in 2024 to USD 129.05 billion in 2032 at a CA... Read More
The global automotive remote vehicle diagnostic market size was valued at USD 16.46 billion in 2023. The market is projected to grow from USD 19.23 billion in 2024 t... Read More
The China automotive sunroof market size was valued at USD 3.16 billion in 2023. The market is projected to grow from USD 3.38 billion in 2024 to USD 6.31 billion by... Read More