The global new energy car market is evaluated at US$118.244 billion for the year 2019 and is estimated to reach US$521.277billion by 2025 growing at a CAGR of 28.05%. New energy refers to all those types of energy alternative energies, which are any other than fossil fuels. New energy cars are those types of four-wheelers that run with the help of alternative sources of energy that do not burn fossil fuels and even cause less or no harm to the environment such as electricity, solar, and Read more...
The global sports car market was valued at US$31.564 billion in 2019 and is expected to grow at a CAGR of 10.12% over the forecast period to reach a total market size of US$56.278 billion in 2025. Theglobal sports car market growth is closely tied to the change in the number of millionaires and billionaires in many countries worldwide. According to Knowledge Sourcing Intelligence estimates, the world already saw the number of billionaires cross the 2100 mark in 2019, and is set to witness Read more...
The global bicycle market was evaluated at US$51.262 billion for the year 2019 and is expected to grow at a CAGR of 6.98% and reach US$76.845 billion by the year 2025. The global cycle market is projected to show a healthy growth throughout the course of the next five years primarily on account of the increasing consumer preference towards a healthy living lifestyle. Furthermore, there has been an increasing adoption of bicycles in both developed and developing economies owing to the fac Read more...
The rolling stock market is estimated at US$43.429 billion for the year 2019.Rolling stock refers to all the types of vehicles operating under the rail transport industry which further includes locomotives, coaches, and wagons among others. The factors that drive the rolling stock market growth in the next five years is the burgeoning investments by the governments of various countries around the globe in the expansion of railway fleet and the expansion of railway networks with an aim to conn Read more...
Electric Sports Car market was valued at US$1.591 billion in 2019 and is expected to grow at a CAGR of 16.15% over the forecast period to reach a total market size of US$3.907 billion in 2025.Themarket growth for electric sports cars is majorly attributed to rising number of millionaires and billionaires across the globe. According to Knowledge Sourcing Intelligence estimates, the total number of billionaires worldwide crossed the 2100 mark in 2019, and future increase in this figure will be Read more...
The global automotive refrigerants market is projected to grow at a CAGR of 3.56% to reach US$51.323 billion by 2025, from US$41.605 billion in 2019. Automotive refrigerants are used for the proper functioning of the air conditioning system in the vehicle. There has been a rise in the demand for increased comfort in vehicles over the past few years, and having a properly working and efficient air conditioning system in the vehicle adds to that comfort. People desiring increased comfort co Read more...
The global automotive sensors market is projected to grow at a CAGR of 6.26% to reach US$40.980 billion by 2025, from US$28.464 billion in 2019. Automotive sensors are components or devices that are used to process information, monitor and control the proper functioning of different aspects and different components in automobiles. The automobile sensors can facilitate different functions such as sensing oil pressure, sensing temperature, sensing the wheel speed, sensing the proximity with Read more...
The global refrigerated truck market is expected to grow at a CAGR of 2.06% throughout the forecast period owing to the fact that the demand of these trucks for the delivery of a variety of items is growing significantly across various industries. Refrigerated trucks are a type of vehicle, designed to carry perishable items at specific temperatures. Generally, these trucks are employed to deliver these perishable items from once place to another without allowing the quality of product to Read more...
The global reverse parking alert system market is projected to grow at a CAGR of 6.32% to reach US$945.230 million by 2025, from US$654.298 million in 2019. The reverse parking alert system adds to the safety of the vehicle and the occupants. The system emits waves behind the vehicle to sense the presence of any objects. If there are any objects present at the back of the vehicle then the waves, which were emitted by the sensor, bounce back off the obstacles behind the vehicle and are se Read more...
The industrial tank truck market is projected to grow at a CAGR of 2.86% to reach US$6.324 billion by 2025, from US$5.340 billion in 2019. A tank truck is also known as a tanker truck and is used for the transport of oils, fuels and gases, dairy, and chemicals for the various industries. These trucks are basically characterized as large and small rucks. Both the large and small trucks cater to a variety of different applications. For the transport of gasoline and fuel to filling stations Read more...
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