Category Archives: Automotive

The global forklift tire market has experienced steady growth, driven by industrial expansion, logistics advancements, and the increasing demand for efficient material handling solutions. Forklift tires play a crucial role in ensuring performance, stability, and operational efficiency across various industries, including manufacturing, warehousing, construction, and logistics. As businesses focus on supply chain optimization and workplace… Read More »

The global automotive airbag market has been experiencing substantial growth due to increasing emphasis on vehicle safety, stringent regulatory mandates, and technological advancements. According to TechSci Research, the market stood at USD 13 billion in 2022 and is projected to grow at a CAGR of 5.9% from 2024 to 2028. The rise in road accidents, growing consumer awareness,… Read More »

The global electric vehicle (EV) taxi market is emerging as a key segment within sustainable urban transportation. Valued at USD 30 billion in 2022, the market is anticipated to grow at a compound annual growth rate (CAGR) of 12.4% between 2024 and 2028. This growth is driven by an increasing focus on reducing carbon emissions, the depletion of… Read More »

The global commercial vehicle market plays a crucial role in facilitating trade, logistics, and public services while evolving with technological advancements to meet the dynamic demands of various industries. According to TechSci Research, the market was valued at USD 1,300 billion in 2022 and is anticipated to grow at a CAGR of 5.4% through 2028. The increasing demand… Read More »

The Global Passenger Car Tire Market plays a crucial role in the automotive industry, impacting vehicle safety, performance, and environmental sustainability. According to TechSci Research, the market stood at 1308.77 million units in 2022 and is expected to grow at a CAGR of 4.7% from 2024 to 2028. The increasing demand for advanced tire technologies, stringent regulatory measures,… Read More »

The global electric vehicle (EV) tire market has witnessed significant growth in recent years, driven by the increasing demand for electric vehicles. With the market valued at USD 57.83 billion in 2022, the industry is expected to grow at a compound annual growth rate (CAGR) of 7.47% through 2028. This growth is fueled by rising environmental concerns, technological… Read More »

The global fuel cell commercial vehicle (FCV) market is witnessing rapid expansion, driven by the rising need for sustainable transportation solutions and increasing concerns about environmental sustainability. Fuel cells, which convert hydrogen into electricity, power a range of commercial vehicles, including trucks and buses. As the world moves towards decarbonization, fuel cell vehicles offer a… Read More »

The Global Automotive Parts and Components Market plays a vital role in the broader automotive industry, ensuring vehicle functionality, safety, and efficiency. According to TechSci Research, the market was valued at USD 553.2 billion in 2022 and is projected to grow at a CAGR of 6.7% between 2024 and 2028. This rapid growth is fueled by increasing vehicle… Read More »

The air taxi market is a rapidly evolving segment within the transportation industry, gaining significant momentum due to advancements in technology and increasing urban mobility needs. According to the TechSci Research report, the Global Air Taxi Market was valued at USD 790 million in 2022 and is projected to grow at a Compound Annual Growth Rate (CAGR)… Read More »

The global automotive steering sensor market has witnessed substantial growth in recent years, driven by the integration of advanced technologies in vehicles and increasing safety concerns. Steering sensors play a crucial role in enhancing vehicle stability, control, and overall safety by providing real-time data on steering angle, torque, and speed. These sensors help in optimizing vehicle maneuverability,… Read More »