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A fund of $4,371.6 million was allocated by the Italian government to convert the bus fleet in its major urban and semi-urban pockets to those running on new energy, such as electricity. The investment for the period between 2019 and 2033 has been provided considering the strong need to reduce the emission of greenhouse gases (GHG) and other toxic gases from vehicles, as they are the primary culprit in the quickly degrading air quality in the country. Additionally, the national government submitted a proposal on an integrated energy and climate plan to the European Union in 2018, which puts a special emphasis on low- or no-emission transport. With such policies and other financial incentives, the sale of electric buses will increase substantially in the country. Moreover, even the local administrations of Milan, Cagliari, Turin, and other cities in the nation have set targets for converting their public transport system to one which is driven by clean energy. With the rising sale of el...

The increasing population in many cities around the world is causing a sharp surge in the number of daily commuters, which, in turn, is leading to road congestion, especially during peak hours of the day. One of the most effective solutions to the problem is to increase the adoption of various ride-sharing services such as scooter sharing services. As a result, the governments of several countries are rapidly implementing regulations and policies for promoting the adoption of scooter-sharing services. As scooters are smaller and have more compact sizes than other vehicles the increasing adoption of scooter-sharing services plays a pivotal role in reducing road congestion, which subsequently reduces the prevalence of road accidents. In addition to this, the deployment of ride-sharing services greatly reduces the number of vehicles running on the roads, which leads to a significant reduction in greenhouse gas emissions. At a time when air pollution is increasing at an alarming rate in se...

Due to the rising pollution and the increasing provision of financial incentives by the government, the sales of electric scooters and motorcycles are booming in India. In 2019, nearly 152.0 thousand units of electric motorcycles and scooters were sold in the country, registering a 20.6% growth annually from 2014. The Indian electric scooter and motorcycle market would reach a sales volume of 1,080.5 thousand by the end of 2025, exhibiting a CAGR of 57.9%between 2020 and 2025. In terms of retail sales value, the market is predicted to advance at a CAGR of 63.9% from 2020 to 2025 and attain a revenue of more than $1.0 billion in 2025. A key factor fueling the growth of the market is the provision of lucrative financial incentives and subsidies on electric vehicles by the government. Moreover, the government is also providing tax exemptions and purchase rebates for promoting the utilization of electric vehicles and two-wheelers in the country. Request to Get the Sample Report@ ...

Smart water meters are rapidly becoming an integral component of both residential and industrial buildings. This is because these systems not only allow the users to track and monitor their water consumption but also help in checking the water expenses regularly. Moreover, these devices allow the users to check the readings in the building premises itself. In addition to their ability to keep water expenses under control in residential settings, smart water meters also assist majorly in curbing the loss of revenue, which is mainly caused because of the loss of water during its supply. Request to Get the Sample Report@ While the developed countries record water losses of nearly 20% of the total supplied water, the developing nations register losses of more than 50% of the supplied water. These huge losses cause sharp decline in revenue generation, thereby negatively impacting the growth of the water supplying companies. As a result, these companies are increasingly adopting smart wate...

 Owing to globalization, people across the world are becoming more and more open towards trying new things, especially when it comes to food items. The popularity of ethnic cuisines, majorly in the U.S., has been increasing rapidly. The younger generation primarily is not afraid to experiment with new experiences. Ethnic cuisines such as Mexican, Indian Chinese, Greek, Japanese, and Italian make wide usage of sauces, owing to which, the U.S. sauces market is predicted to advance at a considerable pace in the years to come. The disposable income of people in the country is growing as well, ascribed to which, they are able to spend more money on ethnic food items. In addition to this, with the daily routine becoming increasingly stressful and hectic, a larger number of people prefer ready-to-eat food rather than cooking themselves. The growth of the corporate sector has resulted in longer working hours and a busier lifestyle, therefore, food that is easy to prepare in in high d...

Burgeoning adoption of autonomous vehicles is one of the major factors propelling the demand for the incorporation artificial intelligence (AI) in transportation sector. In autonomous vehicles, AI is an important technology for autonomous driving systems, owing to its ability to allow real-time and reliable recognition of objects around the vehicle. In addition to this, the automotive industry is also witnessing soaring investments for the development and optimization of self-driving technology, by major original equipment manufacturers (OEMs). For instance, Tesla Inc. launched a sleek electric semi-truck equipped with semi-autonomous capabilities for the first time in November, 2017.   Due to the above-mentioned factor, the global artificial intelligence (AI) in transportation market is expected to increase its revenue from $1.4 billion in 2017 to $3.5 billion by 2023, demonstrating a CAGR of 16.5% during the forecast period (2018–2023). AI brings with it numerous use...

 India is reeling under high levels of air pollution, which is why the National Green Tribunal (NGT) and Supreme Court have passed stringent regulations, which have considerably reduced the number of years an automobile can be driven for. For instance, in Delhi/NCR, the maximum age of petrol and diesel vehicles has been brought down to 15 and 10 years, respectively. This factor is predicted to propel the  Indian end-of-life vehicle and dismantling market , which generated ,$474.0 million revenue in 2019, at a 17.2% CAGR between 2020 and 2030 (forecast period). Ferrous-Metal Components To Contribute Highest Revenue to Market till 2030 Till 2030, the ferrous metal category would continue dominating the Indian end-of-life vehicle and dismantling market, because ferrous-metal components make up for around 70% of an average vehicle. These components can be easily extracted by using a strong magnet, and they also remain in high demand due to their easy reusability facto...

 The rising road traffic congestion in several cities is rapidly becoming a major hurdle to economic progress. By causing long traffic jams and slow movement of vehicles, the road congestion is severely affecting the movement of commercial goods and services and people from one place to another. This is making several companies initiate the testing and trials of autonomous aerial vehicles for daily commuting, which is, in turn, driving the expansion of the global urban air mobility market . The rising road traffic, especially in the highly populated urban areas, is a major factor fueling the growth of the market. According to many reports, in the U.S., people spend 90 hours, on an average, in traffic jams every year. These long traffic queues increase the traveling expenditure of Americans by more than $1,000. Furthermore, the increasing number of automobiles, particularly in the developing nations such as India, China, and Indonesia, is massively pushing up the incidence of r...

 The travel and tourism industry across the globe has been registering significant growth over the past few years. As per the World Travel and Tourism Council, the global travel & tourism industry registered a growth of 3.9% in 2018, as compared to the previous years. Since the disposable income of people has been increasing in both developed and developing countries, they are becoming more inclined towards spending on leisure activities such as travelling. Transportation is an important part of the travel & tourism industry, which is why several hotels provide scooter and car rental services so that the guests can indulge in sightseeing activities with ease. Attributed to this, the demand for car rental services is rising swiftly. According to a P&S Intelligence report, the global  car rental market  is predicted to generate a revenue of $122.6 billion by 2024, rising from $78.7 billion in 2018, advancing at a 7.9% CAGR during the forecast period (2019–2024)....

The global denim market is predicted to generate a revenue of $79.2 billion in 2023, increasing from $56.1 billion in 2017, progressing at a 5.8% CAGR during the forecast period (2018–2023), as per a research conducted by P&S Intelligence. The worldwide growth in the e-commerce industry and transformation of the Asian retail clothing industry are the major driving factors of the market. In terms of segment, the market is divided into premium, standard, and mass market. Among all these, the premium division is expected to register the highest CAGR during the forecast period, owing to rapid westernization, increasing number of high-net-worth individuals, and growing upper-middle-class population around the world. On the basis of consumer type, the market is classified into children, men, and women, out of which, the men classification dominated the market in 2017. Men are creating increasing demand for casual and rugged-material clothing. They wear denim clothing for several purpose...

According to a report by P&S Intelligence, the global lipstick market is expected to progress at a 6.6% CAGR during the forecast period (2019–2024). The market is registering growth due to the increasing demand for lipsticks from working women and surging focus towards e-commerce beauty websites. In terms of product types, the industry is divided into shimmer/pearl/frost, satin/sheer, luminous, metallic, natural, glossy, crème, and matte. Get a sample copy of this report: https://www.psmarketresearch.com/market-analysis/lipstick-market/report-sample Out of these, the satin/sheer division dominated the market in 2018 and is further predicted to account for the largest revenue share during the forecast period as well. The matte lipstick division is projected to register the fastest growth during the forecast period, which is owing to the rising preference of consumers for these lipsticks. On the basis of color, the lipstick market is categorized into nude, red, maroon, pink, and oth...