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The Indian used car market attained a value of $18.3 billion in 2020, and it is predicted to progress at a CAGR of 14.8% between 2021 and 2030. Furthermore, the market will generate a revenue of $70.8 billion by 2030. The factors driving the expansion of the market are the growing customer focus on premium automobiles that are available at affordable prices and the rising public preference for imported cars in the country. In addition, the growing penetration of various organized players, original equipment manufacturers (OEMs), and large vehicle dealers such as OLX Autos by OLX Group, Quikr Cars by Quikr India Private Limited, and Cars24 Services Pvt. Ltd. in the industry is also fueling the expansion of the market. With the increasing involvement of these companies, the sales of second-hand vehicles will shoot up in the country in the coming years, primarily because of the higher reliability and trust offered by them. Request to Get the Sample Report: https://www.psmarketresearch.co...

With rising digitization and the increasing popularity of online shopping, the companies selling automotive aftermarket parts and components are rapidly shifting their operations toward online portals. Moreover, nowadays, customers are increasingly preferring buying automobile parts from online portals over the conventional brick-&-mortar outlets, on account of the availability of a diverse product range, hassle-free and smooth transactions, and the timely delivery of products according to the consumer convenience in these online portals. Additionally, several e-retail companies such as Amazon.com Inc.,Wal-Mart Stores Inc., and Alibaba Group Holding Ltd. are increasingly selling automotive parts and components on their online portals. Many consumers have concerns regarding product specifications and automobile compatibility requirements and the services currently available in the aftermarket. Moreover, it is very difficult for customers to determine the cost of various automotive ...

With the rapid advancement of the e-commerce industry, the sales of forklifts are rising sharply across the world. Due to the rising popularity of online shopping and e-commerce, delivery schedules are becoming more and more challenging. Moreover, the traditional logistics solutions are not able to cater to the mushrooming customer requirements. As a result, e-commerce companies are rapidly adopting autonomous and electric forklifts that can help them speed-up the product delivery operations. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/forklift-market/report-sample Due to the above-mentioned reason, the usage of forklifts is rising sharply in warehouses, where they are used for loading and picking goods and transporting items from one place to another. Besides this factor, the increasing adoption of advanced technologies such as robotics and industrial internet of things (IIoT) by warehouses is also pushing up the demand for forklifts across the w...

The global automotive OTA updates market attained a revenue of $2,422.6 million in 2020, and it is predicted to progress at a CAGR of 19.5% between 2021 and 2030. Furthermore, the market will reach a valuation of $13,859.5 million by 2030, as per the forecast of P&S Intelligence, a market research company based in India. The factors driving the market advancement are the growing deployment of electric vehicles (EVs) and connected cars across the world.  The increasing deployment of these vehicles is pushing up the requirement for OTA updates, as these vehicles are heavily reliant on the software for their efficient functioning. Moreover, many original equipment manufacturers (OEMs) are making huge investments in OTA upgradation technologies for making it easier for the vehicle owners to update the software of their vehicles. The simplification of the automotive software upgradation process is propelling the growth of the automotive OTA updates market. Request to Get the Sample...

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. 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 water meters for tracking and identifyin...

Issues related to parking have become more severe in today's world on account of the burgeoning number of vehicles and unorganized and inadequate car parking space in urban areas. Additionally, the search for parking space also contributes to the congestion on roads, as do the violation of parking rules and incorrect parking. To deal with these problems, governments across the world are rapidly deploying smart parking systems that provide real-time information to enable drivers to search for and reserve the available parking spots. Moreover, the escalating focus on crowdsourced mobility data will fuel the smart parking systems market at a CAGR of 16.1% during 2019–2024. Cities across the world are adopting affordable technologies to collect data through sensor networks to make their smart parking operations streamlined. Moreover, the development of smart cities has led to the widescale adoption of new-age technologies, such as community-based smart parking systems, which use the s...

The Indian electric bus market had a valuation of $94.3 million in 2020 and it is predicted to advance at a CAGR of 48.8% between 2021 and 2025. According to the market research company, P&S Intelligence, the market will generate a revenue of $1,364.4 million by 2025. The key factors driving the advancement of the market are the increasing implementation of favorable government policies regarding electric bus deployment and the surging domestic manufacturing of electric buses in the country . Due to the rapid environmental degradation in the country, the government is enacting various policies and regulations aimed at encouraging the deployment of environment-friendly modes of transportation such as electric buses in the country. The Ministry of Heavy Industry and Public Enterprise announced the eligibility criteria for electric passenger vehicles, buses, and two- and three-wheelers to avail the various benefits sanctioned under the FAME (Faster Adoption and Manufacturing of (Hybri...

Around the world, governments are promoting electric vehicles (EVs) because of the increasing level of air pollution and growing problem of road congestion in major urban areas. In this regard, not only have stringent emission reduction targets been imposed on conventional gasoline and diesel vehicles, but the manufacturers and buyers of EVs are being offered financial incentives, such as subsidies, tax rebates, and registration fee concessions. For instance, the Californian government offered a 10% federal tax credit in 2017 on the purchase of electric motorcycles costing up to $2,500. Here lies the problem; while numerous such noble gestures to encourage the usage of EVs have been made around the world, the installation of charging stations hasn’t picked up that much pace. And, without an adequate charging infrastructure, EVs are as good as junk. As per P&S Intelligence, this factor is set to prove instrumental in the growth of the EV battery swapping market for two- and three-wh...

One of the major factors fuelling the surge in the demand for razors is the increasing focus on personal grooming across the world. Due to the rising influence of Western Culture, men in several countries around the world are increasingly becoming aware about their grooming and appearance, especially their beard and hairstyles. As a result, the footfall in the male-special spas and salons is rapidly increasing. According to The Proctor & Gamble Company, 39% and 43% of the men in the age groups of 25–34 and 18–24, respectively, prefer to have a clean shaven appearance. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/razor-market/report-sample The other important factor pushing the demand for razors is the surging disposable income of the people throughout the world. In several countries, especially the developing nations around the world, the per capita income of the people has grown significantly over the last few years, owing to the sharp growth...

In India, the number of vehicles on roads, including auto-rickshaws, buses, private cars, motorcycles, and scooters is incredibly high, which can be ascribed to the increased population in the country. This surging number of vehicles on roads is the primary cause for increased congestion on roads, particularly in urban cities, such as Bengaluru, Delhi/NCR, Chennai, and Mumbai. Commuters have to face increased travel-time due to this. Owing to this, the demand for two-wheeler sharing mobility services in India has been growing at a swift pace. Two-wheelers can go through traffic in a relatively easy and timely manner, which makes an ideal option in places with high road traffic. Moreover, two-wheeler sharing services are highly convenient for short distance and are much more cost-effective than other shared mobility services such as carsharing. Daily commuters can easily get to their destination in shorter time by making use of these services. Owing to all these factors, the Indian two...

One of the major factors fuelling the rise in the requirement of automotive lithium-ion batteries is the increasing adoption of electric vehicles (EVs) all over the world. As per the International Energy Agency (IEA), the number of electric cars in the world increased from 2.0 million in 2017 to more than 5.1 million in 2018. Moreover, the utilization of electric vehicles is expected to further surge in the coming years, on account of the increasing pollution levels and massive fluctuations in oil prices across the world. The increasing number of incentives and financial benefits being provided on the purchase of electric vehicles by the governments of many countries in order to promote the adoption of these vehicles is another important factor pushing the demand for automotive lithium-ion batteries across the globe. Due to these factors, the revenue generated from the worldwide sales of automotive lithium-ion batteries is expected to increase from $24.2 billion to more than $74.3 bill...

In the U.S., the transportation industry is responsible for around 14% of the total greenhouse gas (GHG) emissions, as per an article published by the Environmental Protection Agency (EPA) in 2019, which also said that the country was the second-largest GHG emitter in the world, after China. Thus, the focus on reducing the emissions and, ultimately, the rate of air quality degradation, is high here. This is why governments at the federal, state, and county levels are providing heavy funding to procure electric vehicles (EVs), majorly for the public transport system. Request to Get the Sample Report:  https://www.psmarketresearch.com/market-analysis/us-electric-bus-market/report-sample This is the primary reason the U.S. electric bus market is predicted to grow to $1,554.5 million by 2024 from $445.7 million in 2018, at a 23.9% CAGR during 2019–2024 (forecast period). Some of the prominent policies under which the state governments have been offered grants for purchasing such automo...

The geriatric population across the globe has been registering significant growth since the past few years. As the medical industry has made various advancements when it comes to more effective medication and medical instruments. Owing to this, the life expectancy of people has risen. However, the human body is bound to become weak as it grows old, due to which, older people fall sick more often than adults. This is why, geriatric population needs enhanced medical care frequently. Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/clinical-nutrition-market/report-sample The global clinical nutrition market is generated a revenue of $39,339.5 million in 2015, and is projected to advance at a 5.4% CAGR during the forecast period (2016–2022), according to a report by P&S Intelligence. The major clinical nutrition products are parenteral nutrition, infant nutrition, and enteral nutrition, out of which, the demand for infant nutrition was the highest in t...

The per capita income of people has increased significantly over the past few years, majorly in developing countries, including India and China. Because of this, people are becoming more inclined to spend money on luxury items and services. For example, the demand for premium has been on a rise at the present time. In addition to this, the demand for luxury buses has also increased substantially across the globe, owing to the growing urban population.  Various non-government and government initiatives are taking initiatives for improving the traveler experience by incorporating luxury transit buses to the fleet. These factors are further driving the demand for automotive air suspension systems, which are vehicle suspensions powered by a compressor or an electric pump. The compressor or electric pump pumps air in flexible bellows which care generally made of a textile-reinforced type of rubber. Air suspensions are utilized for achieving constant and smooth driving quality and are ma...

The flourishing travel and tourism industry in several countries is pushing up the demand for car rental services. As per the findings of the World Travel and Tourism Council (WTTC), the global travel and tourism industry registered a growth of as much as 3.9% from 2017 to 2018. This growth rate is higher than the global GDP growth rate of 3.2%. Car rental services are used by tourists primarily for sightseeing purposes. Apart from the aforementioned factors, the increasing concerns being raised all over the world over the rising environmental degradation being caused due to the large-scale usage of vehicles are also fueling the popularity of car rental services. This is because these services eliminate the requirement for the private ownership of vehicles, thereby reducing the road congestion levels in the cities and towns. Moreover, these services reduce the incidence of road accidents across the world. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysi...

Vehicles with bulletproof windows, used for movement under armed security, are termed as armored vehicles. These vehicles are primarily used to maintain homeland security and enhance defense capabilities, which is why they are becoming increasingly common. Law enforcement agencies, military units, corporates, celebrities, and VIPs use armored vehicles for transportation purposes. The basic purpose of these modern bulletproof vehicles is to reduce the impact of bullets and small bombs and projectiles. The rising civil unrest has contributed significantly in increasing the demand for armored vehicles worldwide . Keeping in tune with the rising security threats, the armored vehicles market is expected to register a 5.8% CAGR during 2017–2023. At this projected growth rate, the market will generate $36.6 billion by 2023 compared to $24.8 billion in 2016. The demand for these automobiles will be propelled by the increasing number of cross-border disputes, growing number of armed conflicts, ...

In recent times, there has been a steep rise in the popularity of UHT (ultra-high-temperature) processed milk all over the world. This is predominantly because of the lack of proper refrigeration space and equipment and long power outages in several countries around the world. Moreover, the high refrigeration costs in various other countries are pushing up the popularity of food items such as UHT milk that can last long without requiring refrigeration. Unlike regular milk which requires continuous refrigeration till consumption, this type of milk can be stored for as long as nine months without refrigeration. The ability of the UHT milk to remain fresh for such a long period of time and without requiring continuous refrigeration makes it a highly popular food item, particularly in the developing countries that have a poor cold storage infrastructure. Additionally, the longer shelf life of the product is boosting its popularity amongst the people living in apartments, especially in the ...

The constant growth of the agriculture sector, high farm mechanization rate, and burgeoning on struction activities due to the rapid urbanization will drive the Indian tractor market during the forecast period (2020–2030). Moreover, the rising investments by the major tractor manufacturers in the country willfacilitate the market growth. Nearly 70% of Indians are dependent on the agriculture sector for their livelihood. The production of food crops, fruits, and vegetables requires tractors for sowing and harvesting. Owing to the vast size of the farming sector, tractors will always be significant for India. Currently, the Indian tractor market is observing the trend of small tractors for agricultural practices. Small tractors are being utilized in large numbers for activities like mowing grass, hauling, and cleaning up the piles. This helps in enhancing the efficiency of agricultural activities, as a particular tractor is designed to perform a particular task. Moreover, these tractors...

Germany is the first nation in the world to ratify semi- and fully autonomous driving systems. The German government publicized its objectives to construct an autonomous driving infrastructure in December 2016. For this, an amendment was made to the German Road Traffic Act in June 2017,allowing a driver to transfer the driving control to an autonomous vehicle. Currently, level 1, 2, and 3 semi-autonomous vehicles, in which the steering and acceleration/deacceleration are controlled by the automobile itself, but the driver needs to be on board and stay alert, so that she/he can control the functions in emergency situations, are common on German roads. Request to Get the Sample Report:   https://www.psmarketresearch.com/market-analysis/germany-autonomous-vehicles-market/report-sample At present, key technology providers and original equipment manufacturers (OEMs)in Germany are working on level 4 and level 5 autonomous vehicles, and they have received the authorization to test driverl...