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The expansion of the e-commerce sector in India, owing to the rising urbanization rate, surging disposable income, and changing consumption patterns of customers, is creating a huge requirement for retail logistics solutions. Besides, the vast customer base of India, escalating internet penetration, and large-scale adoption of smartphones are also strengthening the e-commerce industry. Moreover, the increasing demand from customers for prompt delivery of essential goods at their doorsteps is leading to the launch of efficient logistics services. Apart from this, the rising adoption of digital freight brokerage in logistics services will boost the Indian retail logistics market growth during 2020–2030. Digital freight brokerage services allow on-demand delivery of goods and ensure the real-time tracking of the transported goods, which offers higher security and reduces the risk of loss in transit. Logistics firms opt for these services during periods of high demand, but not on a contrac...

A battery management system (BMS) is an intrinsic component of an automobile as it maintains the battery in operational condition, predicts battery life, and protects the storage units from damage. The system performs these tasks by controlling the charging process, protecting and balancing the cells, storing and monitoring historical operational data, and determining the state of health (SOH), remaining useful life (RUL), and state of charge (SOC) of the battery. This system aims to optimize the run-time per discharge cycle and the number of life cycles that can be attained by the battery during its lifetime. Automotive Battery Management System Market This system is integrated into electric vehicles (EVs) and hybrid electric vehicles (HEVs) to improve the battery life and protect it from any damage. With the increasing environmental concerns, the sales of these vehicles have witnessed a significant spike in recent years. According to the International Energy Agency (IEA), more than 1...

The increasing adoption of the real-time tracking technology, due to the surging integration of the internet of things (IoT) in the transportation and logistics sector, is one of the major factors fueling the demand for last mile delivery solutions across the globe. The tracking technology allows customers to gain real-time insights into the location of their packaging. On the other hand, the delivery-partner-centric real-time tracking technology allows businesses to get a holistic view of the efficiency of logistics. Last Mile Delivery Market This, in turn, inspires them to become more customer-centric. The adoption of this technology has propelled the expansion of the e-commerce industry. It has become imperative for both logistics service providers and e-commerce players to have a well-developed information technology (IT) infrastructure in place for enabling the efficient tracking of transactions and the movement of shipments at all times. Besides this, the huge funding being provi...

The flourishing tourism and hospitality industries and increasing consumer focus on do-it-yourself (DIY) activities and home décor will drive the Mexican shower glass door market at a 6.7% CAGR during the forecast period (2021–2030). According to P&S Intelligence, the market stood at $255.7 million in 2020 and it is expected to reach $483.1 million by 2030. Moreover, the rising purchasing power of customers, on account of enhancing per capita income, will allow them to spend on luxury consumer goods, such as shower glass doors. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/mexico-shower-glass-door-market/report-sample The expanding tourism and hospitality sectors have a positive impact on the Mexican shower glass door market. The growth in these sectors has resulted in an exponential rise in the number of resorts and hotels. Owing to this reason, the adoption of shower glass doors has significantly increased. As bathrooms are an important part o...

There is no doubt about the fact that vehicles, in fact, the whole transportation system, has made lives of human beings comfortable and easy. While owing a car these days is not a big deal as it used to be a few years ago, some people still cannot afford to buy cars or do not want to go through the hassle of buying a car. Buying a new car doe not just include a simple payment for the automobile, but one needs to think about insurance and other maintenance cost that need to be taken care of later. Car Subscription Market The prevalence of cab services, such as Ola and Uber, has considerably made traveling easier for people who do not own a car, but if someone needs to go even further when it comes to travelling with comfort, they can also choose the option of car subscription services. The concept of car subscription is easy enough to understand, the person just needs to pay a fixed amount of sum on a monthly basis, or whatever the subscription model entails, and the service provides a...

The U.S. automotive tire market is set to increase its revenue size to $75.4 billion by 2024 from $57.9 billion in 2018, while demonstrating a 5.4% CAGR between 2019 and 2024 (forecast period). The market growth can be driven by the expansion of automobile industry and high tire replacement rate in the country. Customers in the U.S. are changing their tires frequently due to the increasing average lifespan of vehicles and rising number of road accidents caused due to snowfall during the winter season. With constant technological advancements in the automobile industry, the average lifespan of automobiles has increased significantly in recent years. Currently, the average lifespan of vehicles in the U.S. ranges between 13 and 17 years. Factors such as strict government regulations and fierce market competition have resulted in the increased lifespan and enhanced reliability of the vehicles in the country. Due to the rising longevity, people are retaining their old vehicles, resulting i...

The development of charging infrastructure for electric buses in Europe is highly dependent on government support, as the government sector deploys buses for public transport, military, and transit services. Various subsidy schemes are being introduced by different governments to promote the adoption of electric buses in the public fleet. Resulting, governments and private companies in Europe are making huge investments for the development of charging stations and other infrastructure for electric buses. Europe Electric Bus Charging Station Market For instance, in 2018,the Federal Ministry for the Environment, Nature Conservation and Nuclear Safety(BMU) invested $82.7 million in Germany to support public transport operators with procuring plug-in hybrid and electric buses and in the development of the associated charging infrastructure. Owing to such strong support, the electric bus charging station market in Europe will witness a CAGR of 17.8% during 2019–2025. The market was valued a...

The global EV charging cables market generated a revenue of approximately $250 million in 2020, and it will exhibit huge expansion from 2021 to 2030, as per the  estimates  of P&S Intelligence, a market research firm based in India. The factors fueling the market surge are the growing deployment of electric vehicles (EVs), increasing concerns being raised over the escalating air pollution levels, and the burgeoning demand for public EV charging facilities and infrastructure. With the soaring adoption of EVs, the governments of many countries are actively focusing on developing EV charging stations. Moreover, several governments are making huge investments for developing and installing EV charging stations in various public places. As per the International Energy Agency (IEA), the total number of EV charging points around the world increased by nearly 44% from 2017 to 2018. The development of these stations is fueling the advancement of the electric vehicle charging cable...

In 2019, the Indian electric rickshaw battery market reached a value of $385.0 million and is expected to reach $722.3 million in 2024, advancing at a 13.2% CAGR during the forecast period (2020–2024). Furthermore, 4,290.9 thousand units of electric rickshaw batteries were sold in 2019 in the country. In terms of vehicle, the load carrier division is projected to grow at a faster pace during the forecast period because of the growth of the e-commerce and low total cost of ownership of load carriers. Get the Sample Copy of this Report at: https://www.psmarketresearch.com/market-analysis/india-electric-rickshaw-battery-market/report-sample The passenger carrier division held the larger share of the Indian electric rickshaw battery market during the historical period (2014–2019), due to the greater usage of these vehicles among commuters. This mode of transportation is preferred by commuters because of its lower travel cost. In addition to this, the rising demand for public transport for ...

The electric vehicle communication controller market growth can be ascribed to the soaring investment in electric vehicle charging infrastructure. EV manufacturers and charging component providers are investing heavily in smart and efficient battery charging systems. Besides, the integration of electric vehicle communication controllers is driven by the government provisions that aim to enhance the uptake of EVs by boosting the availability of electric vehicle supply equipment (EVSE) with higher capacity and efficiency. These factors will increase the market size from $97.0 million in 2018 to $553.4 million in2024, at a massive CAGR of 34.8% during 2018–2024. Electric Vehicle Communication Controller Market Additionally, the development of novel technologies is offering numerous growth opportunities to electric vehicle communication controller market players. With the soaring demand for EVs and easy accessibility to charging stations, market players have shifted their focus toward the...

A number of factors, such as the surging disposable income and favorable government policies, rising standard of living, increasing population, growing tourism industry, surging concern regarding sound and healthy sleep, rising migration to urban areas, and increasing prevalence of back and spine problems across the globe, are expected to drive the growth of the mattress market at a CAGR of 7.0% during the foreseeable period (2021–2030). According to P&S Intelligence, the market generated $32,875.3 million revenue in 2020, and it is expected to reach $64,045.5 million by 2030. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/mattress-market/report-sample One of the prime factors aiding the mattress market growth is the surging disposable income and favorable government policies for the real estate sector. For instance, as per the Organisation for Economic Co-operation and Development (OECD), the global disposable income increased at a growth rate...

With more than 2.3 billion city dwellers, Asia-Pacific (APAC), for the first time in 2019, became a region with the majority of its population living in urban areas, as per the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). As an increasing number of people are migrating to cities, the demand for urban transportation modes is also rising. This had led to an enormous surge in the sale of automobiles in the region in the last 10–15 years. Consequently, the level of toxic gases in the air has also grown, due to the combustion of gasoline and diesel in vehicles. Therefore, numerous governments in the region are offering their support, in the form of subsidies and incentives, to those who purchase electric vehicles (EVs) as well as those who manufacture them. As a result, the APAC electric scooters and motorcycles market is projected to see its sales volume increase to 31.2 million units by 2025, at a 7.6% CAGR during 2018–2025. As such automobiles do not ...

The decreasing costs and improving operational efficiency of Lithium-ion batteries are some of the biggest factors causing the increasing adoption of commercial electric vehicles across the world. As per the industry experts, the average cost of lithium-ion battery packs for bulk orders decreased from approximately $642/kWh in 2012 to almost $209/kWh in 2017. As batteries account for nearly 40% of the total manufacturing cost of a commercial electric vehicle, their declining prices will significantly boost the manufacturing and sales of the commercial electric vehicles. Driven by the above-mentioned factors, the revenue generated from the worldwide sales of commercial electric vehicles is expected to rise from $144.5 billion in 2017 to $362.7 billion by 2025. The global commercial electric vehicle market is predicted to advance at a CAGR of 13.3% during the forecast period (2018–2025). There are two types of commercial electric vehicles available in the market — electric buses and ele...

The global micromobility telematics market revenue stood at $957.7 million in 2020, and the market is predicted to advance at a CAGR of 26.7% from 2021 to 2030. Furthermore, the market will reach a value of $13,010.4 million by 2030, as per the forecast of P&S Intelligence, a market research company based in India. The market is being driven by the large-scale adoption of micromobility solutions all over the world.  With the increasing adoption of network services, smartphone connectivity, fleet optimization, and locking mechanisms into these services, the market will register rapid expansion in the coming years. Besides these, the burgeoning requirement for first- and last-mile transportation is also fueling the advancement of the micromobility telematics market around the world. Micromobility services provide mobility solutions for shorter distances, which, in turn, bridges the gap existing in first- and last-mile transportation. Request to Get the Sample Report: https://ww...

As the disposable income of people has risen considerably over the past few years, the affordability of automobiles has increased as well. Today, a larger number of people are able to buy private vehicles than say 10 years ago. A direct result of this increased ownership of vehicles is the increased number of vehicles on the roads. Major cities across the globe a witnessing surging traffic congestion, which further cause immense inconvenience. Several people have now started making use of public transport and shared mobility services in order to avoid the increased amount of traffic on roads.  While car sharing services have been immensely popular in the past, these days, bike sharing services are also gaining traction among the general public. It is much easier to navigate through traffic if a person is making use of bikes instead of cars, owing to which, the demand for these services is growing rapidly. As per a report by P&S Intelligence, the global bike sharing market of pr...