In addition, leading automotive manufacturers are extending business units dedicated to making and developing efficient electronic vehicles. The global electric bus market is estimated to account for 33,854 units in terms of volume, and register a CAGR of 28.0% over the forecast period, 2014-2020.
The industry of consumer electronics is revolutionizing at a fast-tracking pace year after year. GPUs as well as processors are becoming faster and day by day apps are getting sophisticated. Car buyers are also becoming more tech-savvy owing to regular usage of tablets and smartphones.
Proliferating demand for tires from four wheeler vehicles segment will continue to provide an impetus to tire market in the Kingdom of Saudi Arabia. The market is expected to gain revenues around US$ 2. 12 Bn by 2016. Driven by robust sales of tires throughout the forecast period, KSA tire market will witness an impressive CAGR of 10.8% through to 2026.
Global market for electric vehicles is set to cross US$ 99 Billion in terms of value by 2016 end. As per the report, the market is expected to reach US$ 596.56 Billion by 2030, riding on a CAGR of 15.6%. Gasoline is the primary fuel for vehicles used in most transport and communication network across the globe
Research Report Insights (RRI) delivers key insights on the global aircraft market in its latest report titled ‘Aircraft Refurbishing Market by 2016–2026.’The global aircraft refurbishing market is expected to grow across the globe, with market value expected to increase at a CAGR of 6.0% during (2016 – 2026).
According to Research Report Insights (RRI) report, titled “Automotive Seat belts Market by 2021”, the global automotive seat belt market is estimated to account for value worth US$ 19.5 billion by the end of 2021, exhibiting a healthy CAGR of 8.4% over the forecast period.
The global automotive spark & glow plugs market is projected to exhibit moderate CAGR, accounting for US$ 6.6 billion in the forecast period from 2016 to 2022. Some key factors fueling the growth of the global market for automotive spark & glow plugs
Momentous infrastructure development, including roads, dams, railways, and other construction projects, is identified to be the most prominent factor driving the demand for backhoe loaders. Increasing initiatives by governments and growing support by FDI authorities will further push the market, especially in India.
According to Research Report Insights (RRI), a report on the global train seat materials market, titled “Train Seat Materials Market by 2024,” projects that the global market attained US$ 1,613.8 million in value in 2015.
Rising adoption of automotive safety systems and strict regulations by various governments regarding TPMS equipment in passenger vehicles are predicted to be the key drivers throughout the forecast period.
Copyrights © 2018 Research Report Insights. All rights reserved.