Vishal Tupkar

The global electric cargo bike market is expected to attain a valuation of US$ 2.1 billion in 2023 and is projected to reach US$ 6.2 billion by 2033, expected to rise at a CAGR of 11.4% during the forecast period. The rise of e-commerce has sparked an increased need for last-mile delivery services, a demand that electric cargo bikes are well-positioned to meet. In urban areas, where congestion and limited parking spaces can hinder delivery vans or trucks, electric cargo bikes offer an efficient solution. These bikes enable quicker and more cost-effective deliveries, addressing the challenges of congested urban environments. With the continued growth of e-commerce, the demand for electric cargo bikes is expected to rise further. For more info: https://www.futuremarketinsights.com/reports/electric-cargo-bikes-market ; The demand for electric cargo bikes is anticipated to rise due to increased investments from key players driven by the growing e-commerce industry. For example, on November 24, 2022, Amazon, specializing in e-commerce, announced plans to expand its United Kingdom electric-cargo bike fleet in the coming years. This expansion aims to enhance foot-based deliveries, contributing to the decarbonization of the transportation network used for package deliveries across the country. The rise in e-commerce and the impact of the pandemic have led to an increased demand for home deliveries of products and services. In response, businesses and industries are investing more in improving logistics and transportation to minimize downtime, save costs, and enhance customer satisfaction. Key Takeaways The United States electric cargo bike market is expected to grow with a CAGR of 9.5% during the forecast period. The demand for electric cargo bikes in Australia is expected to grow with a CAGR of 11.5% during the forecast period. By battery type, the lithium-ion battery segment is projected to grow with an impressive CAGR of 12% during the forecast period. The market in Germany is expected to grow with a significant CAGR of 11.6% throughout the forecast period. “The thriving e-commerce industry and use of electric cargo bikes for fast parcel deliveries are expected to drive market growth during the forecast period,” comments an FMI analyst. Competitive Landscape The market for electric cargo bike is highly competitive, with numerous prominent industry players making substantial investments in their production. The key industry players are Jiangsu Xinri E-Vehicle Co. Ltd., Jinhua Jobo Technology Co., Ltd., CERO ELECTRIC CARGO BIKES, Worksman Cycles, DOUZE Factory SAS, XYZ CARGO, Butchers & Bicycles ApS, NIHOLA, Babboe, Yuba Electric Cargo Bikes, BODO Vehicle Group Co., Ltd. (LUXMEA), Chongqing Mobimax Technology Co., Ltd., Carqon (Accell Group N.V.), XCYC (Gemeinnützige Werkstätten und Wohnstätten GmbH ), Riese & Müller GmbH, Urban Arrow, Rad Power Bikes Inc., Tern Bicycles (Mobility Holdings, Ltd.), Pedego Electric Bikes, Xtracycle Inc, Amsterdam Bicycle Company, Triobike.

The global automotive tuner market is anticipated to attain a valuation of US$ 6.4 billion in 2023 and is projected to reach US$ 12 billion by 2033, trailing a CAGR of 6.4% during the forecast period. The market is experiencing expansion due to the growing popularity of aftermarket automotive modifications. This trend is particularly prominent among young adults and consumers from Generation Y, who exhibit a strong inclination toward purchasing aftermarket products to personalize and customize their vehicles. For more info: https://www.futuremarketinsights.com/reports/automotive-tuner-market ; Increasing availability of aftermarket products is further anticipated to fuel market growth. The globalization of the automotive industry has resulted in a higher number of companies offering a wide range of aftermarket products and services. This increased availability has made it more convenient for consumers to find the specific products they desire, while also fostering healthy competition among suppliers in the market. The increasing affordability of aftermarket products is a significant factor driving the expansion of the industry. With improvements in the global economy, more consumers now have disposable income to invest in aftermarket products. Consequently, companies have been able to offer products at lower price points, making them accessible to a broader range of consumers. The market growth is fuelled by the increasing consumer preference for high-power engines and fuel-efficient vehicles, coupled with a rise in disposable income. Additionally, the expansion of aftermarket vehicle repair and services further drives market growth. The utilization of advanced engine technology, such as Electronic Control Units (ECUs) is expected to present new opportunities for market growth. Also, the increasing sales of high-end luxury vehicles and the rising costs of original equipment manufacturer (OEM) manufactured high-powered vehicles are contributing to the industry expansion. Key Takeaways United States automotive tuner market is expected to grow with a CAGR of 6.1% during the forecast period. The market in China is expected to grow with a CAGR of 6.5% during the forecast period. By component type, the hardware segment is projected to grow with a significant CAGR of 6.7% during the forecast period. The market in India is expected to grow with a CAGR of 6.4% throughout the forecast period. “The utilization of advanced engine technology and increasing affordability of aftermarket components is expected to drive market growth during the forecast period,” comments an FMI Analyst Competitive Landscape The automotive tuner market is intensely competitive, with several key industry players investing heavily in providing these services. The key industry players are Roo Systems, EFI Live, Magic Motorsports, Edge Products, Derive Systems, Cobb Tuning, Alientech SRL, Diablo Sport, Mountune, Autotuner, AEM Electronics, Hypertech Inc., HP Tuners, Flashtec SA, Jet Performance Products.

The Hydrogen Buses Market is predicted to grow at an astronomical CAGR of 67% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 8.45 Billion in 2023 to US$ 1426.68 Billion by 2033. The market for hydrogen buses is primarily being boosted by surging concerns over depleting natural resources and degrading environmental conditions. This has propelled the introduction of technologies that encourage the concept of eco-friendly transportation means to sustain the ecosystem. Read more: https://www.futuremarketinsights.com/reports/hydrogen-buses-market ; Additionally, the increase in the number of people perturbed by the harmful effects of air pollution, rising levels of traffic as well as GHG emissions are accelerating the adoption of hydrogen fuel cell buses. These buses, unlike conventional modes of transportation like gasoline and diesel-powered vehicles, are eco-friendly in nature and offer a sustainable transport option. The market is witnessing significant impacts of technological upgrades taking place in hydrogen-powered vehicles, which is widening the scope of hydrogen-powered buses for the forecast period. The hydrogen-backed buses market is predicted to enjoy several opportunities to realize its potential over the anticipated time period. Further, the increasing investments in the infrastructure for hydrogen fuel cell buses and their related charging stations are projected to incite market development in the coming years. In the U.S., California provided funds for the production of 100 refuelling stations for hydrogen-powered vehicles to achieve its goal of 1.5 Mn zero-emission Automotives by 2025 end. Similar policies deployed by several governments across the globe to encourage environmental health and safety is expected to facilitate the adoption of hydrogen buses over the forecast period. Key Takeaways from the Hydrogen Buses Industry  German hydrogen buses market is projected to substantially contribute towards Europe’s leading position on a global scale. The rising influx of hydrogen fuel cell buses in the country is accelerating the transition towards the green economy. The North American hydrogen buses market holds a significant market share. Rising initiatives by private companies and government bodies to foster the growth of emission-free vehicles in the region are propelling the market development of hydrogen-powered buses. In emerging countries like India, the escalating pollution levels and growing concerns related to health issues caused by the inhalation of polluted air are driving the demand for hydrogen buses. In China, the Beijing Winter Olympics 2022 witnessed the circulation of 800+ hydrogen fuel cell buses. The rising production and sales of hydrogen buses in the country are predicted to catalyze market growth. The increasing operation of eco-friendly hydrogen-powered buses in South Korea is stimulating market growth in the country. Additionally, the rising government initiatives to promote the adoption of hydrogen buses are also enhancing the market scope of these buses.

The Electric Vehicle Reducer Market is expected to increase at a CAGR of 26.6% during the forecast period. The market size is anticipated to rise from US$ 1,974.7 Million in 2023 to US$ 20,884.9 Million by 2033. The main driver fuelling market expansion is the expansion of the electric car industry. Electric vehicles outperform conventional vehicles in terms of fuel economy, CO2 emissions, and maintenance, as well as the convenience of charging at home, a smooth ride, and lower engine noise. Read more: https://www.futuremarketinsights.com/reports/electric-vehicle-reducer-market ; Governments worldwide are focusing their efforts on combating climate change. As a result, electric vehicle component manufacturers are ramping up their investment in the production of electric vehicle components, which is expected to propel the global electric vehicle reducer market. Tax exemptions, non-monetary benefits such as new car registration and carpool lane access, increasing vehicle range, active OEM participation, providing charging infrastructure in regular areas, and other factors can all contribute to the growth of the EV reducer market trends. Existing players are heavily focused on innovation and the development of new components and technology in order to overcome disadvantages and strengthen their positions in the global market. Key Takeaways from Market Study Asia Pacific is expected to be the most profitable region during the forecast period, having dominated the global electric vehicle reducer market in 2021. Whereas India is showing the highest growth trajectory of 30.1% among other regions. The United States dominates the North American electric vehicle reducer market with a share of9.3%. This proportion is due to rising demand for electric vehicles in the United States. Concerning product type, the multi-stage type will continue to dominate the global electric car reducer market with a share of 68.4%. China is the world's largest electric vehicle market, accounting for nearly half, or 45%, of global electric vehicle sales and 1.8 million electric vehicles on road. The UK government approved 200 electric buses in 2020 with the goal of making all buses totally electric by 2025, which may reduce CO2 emissions by roughly 7,400 tonnes annually. MG Motors India launched the fourth edition of their Developer Programme and Grant (MGDP) as the country strives to generate 50% of its installed electricity capacity from non-fossil sources by 2030. Competitive Landscape Due to the presence of a large number of market players, the global electric vehicle reducer market is consolidated with high competition. Existing players are heavily focused on innovation and the development of new components and technology in order to overcome disadvantages and strengthen their positions in the global market. Some market participants are also investing in EV startups to expand their regional presence. BorgWarner Inc. Robert Bosch GmbH ZF Friedrichshafen AG GKN GETRAG FORD Transmission GmbH AVL GmbH HOTA Industrial Tsingshan Industry Aichi Machine Industry Magna International SAGW Zhuzhou Gear

The size of the bicycle chain market is expected to be US$ 12,802.54 million by 2034 from US$ 7,763.89 million in 2024. This industry has a steady CAGR of 5.13% through to 2034. People’s increased focus on health and fitness has made them appreciate cycling as an exercise. Riding a bicycle has been a popular form of exercise for decades. However, in recent years, factors such as growing environmental concerns, increasing incidence of lifestyle diseases, and rising health awareness have thrown new life into the bicycle industry. Read more: https://www.futuremarketinsights.com/reports/bicycle-chain-market ; People are increasingly opting for bicycles to stay fit, minimize pollution levels, and reduce transportation costs. This high adoption rate of bicycles across the world is expected to remain a key factor augmenting sales of bicycle chains during the forecast period. An upcoming trend is to enable the fastest cycling times with more power to drive and maximized speed for athletes. Digitally integrated intelligence is being implemented in the mechanism to achieve smart bicycle technology. Chains are manufactured to be robust, durable and have a long life. The new development of hollow pins enables lightweight chains. The use of diamond coatings and gold coatings on chains is also an upcoming trend. Companies want to make chains that can mesh softly across a multi-geared platform while also resisting weariness within acceptable limits. Almost every traditional bicycle brand now sells an electric bike, and several new brands specialize in e-bikes. Their sales have been continuously increasing, whereas traditional bicycle sales have considerably decreased. The electric bicycle market is presently the most profitable segment of the bicycle industry. As a result of the increase in E-Bike sales, there is a demand for E-Bike chains. Bicycle Chain market is highly fragmented owing to the high presence of leading players across the region. Key players in the market are focusing on adopting alternative distribution channels, such as online, to further strengthen their market presence in the global market. Key Takeaways from Market Study By material type, the alloy steel segment is projected to hold a significant share of about 43.8% due to its features such as high durability, high endurance strength, and ductility. Based on chain speed, 1-speed chain category is estimated to hold around 21.6% of the market value share. By sales channel, OEM segment is expected to grow at the highest CAGR during the forecast period, creating an incremental $ opportunity of 2,502.4 Mn by 2032. By 2032, East Asia is expected to hold the largest share of around 51.9% share in the global bicycle chain market. The U.S. bicycle chain market is likely to surpass US$ 1,007.4 Mn by the end of 2032. Demand for bicycle chains across China is projected to grow at 4.4% CAGR between 2022 and 2032. “Growing demand for E-bicycle is boosting the growth of bicycle parts and components which is expected to create opportunities for bicycle chain companies. In order to grab maximum benefits, manufacturers are focusing on developing durable products while also providing new designs and customized solutions to customers as per their requirements. This will bode well for the overall bicycle chain market, says a Future Market Insights analyst. Who is Winning? Among the industry's key players are KMC (KUEI MENG) INTERNATIONAL INC., SHIMANO INC., TIEN YUEN MACHINERY MFG. CO., LTD., RENOLD PLC., TAYA CHAIN CO., Ltd., SRAM LLC, RK SOUTH ASIA SDN. BHD, Izumi Chain Mfg Co. Ltd., Oriental Chain Mfg. Co., Ltd., ASR OVERSEAS, Zhejiang Dong Mei Chain Co., Ltd., Metro Group and others. Globally, some key players are focusing on creating a strong supply channel by expanding their supplier network in order to gain more sales from local markets.

The global diagnostic tools for EVs market is expected to rise at a sturdy growth rate of 12.8% during the forecast years as per a report by FMI. The overall market valuation of total sales of diagnostic tools for EVs in 2022 was US$ 1,437 million which is further projected to reach US$ 5,401.6 million by 2033. EV sales have seen a significant rise giving impetus to the requirement for other related products and services for its advancement, over the last few years. Furthermore, tremendous progress has been made in the electric vehicle repair and maintenance business creating a huge opportunity for the market. Read more: https://www.futuremarketinsights.com/reports/diagnostic-tools-for-evs-market ; Key Takeaways As per the market estimate figures, the United States is the leading region in providing diagnostic tools for EVs. In the year 2022, the total revenue generated by the companies of diagnostic tools for EVs operating in the country was nearly US$ 184 million. In Europe, Germany has remained the leading market for electric vehicles and tools and other products and services associated with EVs. Currently, the net worth of the total sales of diagnostic tools for EVs achieved by Germany is estimated to be around 8.9% of the global market. Interestingly, the United Kingdom has witnessed higher demand for diagnostic tools for EVs than any other country in the European Union in recent years. As per the market statistics, this country is anticipated to witness an overall annual growth rate of 12.4% during the time period between 2023 and 2033. China is projected to lead the manufacturing and sales of diagnostic tools for EVs in the Asia Pacific region. By the virtue of having a high manufacturing base, it is projected to develop its diagnostic tools for the EVs market at a rate of 10.1% over the next ten years. Japan is also a key market for the production and export of diagnostic tools for EVs, its annual growth rate in this sector would remain lower than that of China. In the previous year, the total valuation of this market in Japan was US$ 22.5 million which is further projected to reach US$ 76 million by 2033. Australia is emerging as a key region with demand for diagnostic tools for EVs gaining traction over the recent years. For the present year 2023, the net worth of the total diagnostic tools for EVs sales in the country is estimated to be around US$ 13 million and it would reach up to US$ 43.5 million by 2033. Contrastingly, India is observed to be having a year-on-year growth rate for sales of diagnostic tools for EVs higher than any other country. In comparison to the CAGR of other countries, the demand for diagnostic tools for EVs in India is poised to register a CAGR of 14.2% through the forecast years. In terms of value, the hardware segment of the market generates higher revenue in comparison to software and services. As per the diagnostic tools for EVs market report, this segment contributed 68.3% of the total revenue generated by the market in 2022. Competitive Landscape for the Diagnostic Tools for EVs Market Actia Group SA, Autel Intelligent Technology Corp., Ltd., AVL List GmbH, BMW AG, Bosch Automotive Service Solutions Inc., Continental AG, Daimler AG, Delphi Automotive Plc, Denso Corporation, Fluke Corporation are prominent players in the global diagnostic tools for EVs market. The global diagnostic tool for electric vehicles market looks to be fragmented and competitive, with both regional and global participants advancing at a constant rate.

The total value of electric commercial vehicle MRO market in the previous year 2022 is figured at around US$ 513.9 million. During the projection period, the FMI report predicts that the overall market would develop at an amazing pace of 23.8% per year. Meanwhile, the total market value is anticipated to grow from US$ 638.7 million in 2023 to over US$ 5,401.6 million by 2033. Logistics and transport businesses have indeed been facing the cost surcharges connected with the maintenance and repair of their electric vehicles. End users quickly adopted the introduction of companies providing such maintenance, repair, and overhaul services, making it a high-potential business soon. For more info: https://www.futuremarketinsights.com/reports/electric-commercial-vehicle-mro-market ; Fleet owners around the world are adopting electric cars (EVs) as a more and more common means of logistics and transportation these days. Moreover, Federal governments are extending sufficient support to this sector as it is projected to produce many employment opportunities in the hinterlands. Key Takeaways from the Electric Commercial Vehicle MRO Market Study Report The United States contributes 18.4% of the revenue generated from MRO services for electric commercial vehicles. It is higher than any other country and this trend is projected to remain unharmed for some more years ahead. Germany is second in the overall ranking for its regional electric commercial vehicle MRO market value at around US$ 62 million in 2023. It is nearly 9.7% of the global market revenue share making Germany the leading market in the whole European Union. On the other hand, the United Kingdom is a remarkably growing region in terms of demand for the electric commercial vehicle MRO market. By following the predicted growth rate of 28%, this country is anticipated to emerge as a key region against Germany. Among all the forefront Asia Pacific nations, China holds the major share of electric commercial vehicle MRO services. It is going to witness a year-on-year growth rate of 21.1% and retain its dominance in the Asia Pacific regional market. Japan is the strong competitor for China in this region and has established sufficient infrastructure for many types of MRO services. In the previous year 2022, the total revenue generated by the Japan electric commercial vehicle MRO market was nearly US$ 4 million. India is another remarkably growing region in terms of the adoption of the electric commercial vehicle MRO market. As per the recent report, currently, it is experiencing a year-on-year growth rate of 25.2% which is expected to continue through the forecast years. Among the different types of electric commercial vehicles operating in the real world, buses create the most demand for MRO services. As per the electric commercial vehicle MRO sector statistics, this segment constitutes an astounding 78.6% of the overall market size. Competitive Landscape for the Electric Commercial Vehicle MRO Market Name of some of the leading players operating in the global electric commercial vehicle MRO market is Robert Bosch GmbH, LKC Corporation, The Hybrid Shop, Hyundai Motor Company, Singapore Technologies Engineering, Performance Consulting Associates, Inc., Micron Technology, Inc., TMD Mobility PTE. Ltd., Fraunhofer Gesellschaft, and NM and E Co., Ltd. among others.

The automotive headliner market size is projected to be valued at US$ 19,391.9 Mn in 2023 and is expected to rise to US$ 30,695.1 Million by 2033. The sales of automotive headliner market are expected to grow at a significant CAGR of 4.7% during the forecast period. Rising demand for passenger vehicles, strict government regulations or initiatives encouraging the use of lightweight designed auto parts are the major factors proliferating market growth. Rising demand for advanced and high-quality interior design or styling within vehicles, have all contributed to the growth of the automotive headliner market. Get more info: https://www.futuremarketinsights.com/reports/automotive-headliner-market ; In the long run, advances in the development of sustainable/Eco-friendly materials for automotive applications, as well as increased investments in electric vehicle development, are expected to increase demand for automotive headliners. Furthermore, the growing trend of improving vehicle interior cabin appearances while maximising passenger comfort, rising demand for luxury or premium vehicles, and investments in autonomous vehicles will drive demand for automotive roof headliners in the coming years. Automobile headliner suppliers have increased opportunities to supply enormous volumes of products and benefit from economies of scale, which will increase OEMs' reliance on suppliers for growth. The rising trend of adopting innovative technologies with concern of environment facilities would provide immense opportunities for market to grow. Key Takeaways from the Automotive Headliners Market Passenger cars to dominate the segment with 84.3% share in global market. Automotive headliners play an important role in providing an attractive interior design for various passenger vehicles in order to attract customers in a competitive marketplace. The synthetic cloth segment will dominate the material segment with share of over 23.21%. As synthetic fabrics are versatile and long-lasting, they are a popular choice for automotive interiors and among manufacturers. Germany is set to grow at 6.4% by 2033 due to the favorable policies by European Union's in implementing strict emission regulations and focusing on reducing the kerb weight of vehicles. The rising mergers and collaborations as well as the expansion in headliners manufacturing facilities among eminent manufacturers in U.K would lead its market growth trajectory to 4.3% by 2033. S. to dominate the revenue share with 15.3% contribution in the global markets. U.S.had witnessed high sales in sports and luxury vehicles due to growing disposable income and high availabilities. India would be the most lucrative market among other regions with a growth trajectory of 5.3% by 2033. Growing vehicle manufacturing facilities and high emphasis on vehicle safety and standards shows an opportunistic prospect for Indian market. Competitive Landscape Continental AG, Magna International Inc., Denso Corporation, Faurecia, Adient, and others are key automotive interior market participants. The automotive interiors market is likely to face competition in the coming years as a result of various strategies used by major product manufacturers to gain a competitive advantage, such as focused research and development activities, new product developments, acquisitions, and so on.

According to ESOMAR-certified Future Market Insights’ (FMI) - Over the forecast period, the global electric vehicle battery housing market is expected to grow at a rapid CAGR of 31.8%. The market is expected to reach US$ 1,531.1 Million in 2023. The market is anticipated to reach US$ 24,219.1 Million by 2033. Consumer acceptance of electric car battery housing is increasing, resulting in market expansion. The unexpected increase in demand would stimulate an expansion of capabilities across the whole value chain. The government's tough pollution laws coupled with individuals' growing environmental concerns are expected to drive up demand for battery housing for electric vehicles. For more info: https://www.futuremarketinsights.com/reports/electric-vehicle-battery-housing-market ; Owing to the growing market demand for electric cars, manufacturers are concentrating more on developing EV safety features. As the next step in the evolution of electric vehicles, they are also creating battery housing to strengthen EVs and boost range. Concerns about climate change and the looming depletion of fossil fuels have pushed efforts to develop better electric vehicle designs. Battery casings for electric cars perform worse than conventional battery enclosures. Additionally, it is more eco-friendly. Non-metallic components provide strong mechanical properties, such as high rigidity and strength while being lightweight. When compared to metallic materials such as aluminum or steel, an electric car battery housing made of non-metallic components can save up to 40% weight. There are distinct benefits to adopting an electric vehicle battery housing. To craft the mobility of the future even more capable, electric vehicle makers are rapidly adopting battery housings, which is growing sales of the electric vehicle battery housing. Europe is leading the global electric vehicle battery housing market as a result of growing government support for the EV market, despite the fact that electric vehicles are currently expensive. Furthermore, the significant concentration of OEMs in the region encouraged market development. KEY TAKEAWAYS The UK electric vehicle battery housing market is estimated to grow at a CAGR of 28% over the forecast period. The German electric car battery housing market is expected to hold 11.2% of the global market over the forecast period During the projection period, the Chinese electric vehicle battery housing market is expected to expand at a CAGR of 26.4% through 2032. Japan is expected to hold 1.1% of the global market over the forecast period. The Indian electric vehicle battery housing market is expected to have the highest global market share, growing at a CAGR of 42.2%. Over the projected period, the US electric vehicle battery housing market is expected to hold 9.3% of the global market.

According to Future Market Insights (FMI), the global automotive DC-DC converter market is estimated to reach a valuation of US$ 21,996 million in 2023. From 2023 to 2033, global sales of automotive DC-DC converters are projected to soar at 30.1% CAGR. By 2033, total market size is forecast to reach US$ 289,542 million. The isolated DC-DC converters segment dominates the global market with a share of around 86.1% in 2023. By vehicle type, BEV segment accounts for a prominent share of the global automotive DC-DC converter industry. The global market for automotive DC-DC converters is projected to expand rapidly as a result of the fast-growing electric vehicle market. Get more info: https://www.futuremarketinsights.com/reports/automotive-dc-dc-converter-market ; Electric vehicles are rising to fame due to growing environmental concerns and increasing fuel costs. Similarly, governments worldwide are putting efforts towards promoting adoption of electric vehicles. This in turn is expected to elevate automotive DC-DC converter demand. Almost all electric vehicles require a DC-DC converter to control their electrical systems. These converters are essential for proper functioning of various vehicle components and systems. Manufacturers are strongly improving their material and built qualities of automotive DC-DC converters. They are concentrating on meeting rising demand for more efficient automotive DC-DC converters in different types of electric vehicles. Key manufacturers worldwide are actively engaged in developing their direct presence in the local markets through joint ventures and acquisitions with domestic businesses. They are concentrating on expanding their customer base by developing & providing solutions with different power ranges and voltage requirements within electric vehicles.