Latest Publications

The Global Automotive Thermal System Market was worth USD 41.2 billion in 2023 and is expected to reach USD 50.5 billion by the year 2030, growing at a CAGR of 3.8 % forecast from 2025 to 2030. The thermal management system is one of the critical systems of automobiles which ensures the efficient regulation of heat flow inside the vehicle. In addition, components in vehicles must opera . . .

The Global Forklift Market is expected to reach USD 93.5 billion in 2030 from USD 60.7 billion in 2023 with a compound annual growth rate CAGR of 7.8% throughout the forecast period (2025-2030). Forklifts are an important artery in the operations of industrial businesses by making and transporting goods fast and efficient along with the job of loading and unloading . . .

The Global Autonomous Vehicle Market size in terms of volume was USD 17.7 Billion in 2023 and is expected to reach USD 53.2 Billion by 2030, growing at a CAGR of 17.8% during 2025 – 2030. The growth of the autonomous vehicle market is attributed to the extensive development of an autonomous fleet of parcel and cab delivery services along with OTA updates availed . . .

The Baggage Handling System Market is projected to grow at a CAGR of 6.9%, from USD 7.5 billion in 2023 to USD 10.9 billion by 2030.  The growing emphasis on optimizing airport operating performance, the number of air passengers, and major advances in intermodal transport are the key factors driving the demand for the baggage handling market. The Baggage Handling System Ma . . .

The Global Smart Parking System Market was valued at USD 4.4 billion in 2023 and is anticipated to reach USD 11.89 billion by 2030, thus growing at a CAGR of 10.57% during the forecast period. The smart parking system is an intelligent parking system that uses a sensing device to define the vacancy in the parking space. It helps the driver with safe parking and notifies the driver correctly a . . .

The Global Micro-Mobility Market was valued at USD 4.1 billion in 2023, growing at a CAGR of 18.0% during the forecast period. The global micro-mobility market is an emerging mode of transport for making short-distance trips and has drastically grown in cities in the last few years. These days, electric scooters, shared bikes, and other vehicle types are frequently used to travel over comparativel . . .

An electric vehicle (EV) powertrain combines an internal combustion engine (ICE) with an electric motor and a battery pack and the ICE and electric motor work in tandem to propel the vehicle. During low-demand situations, like city driving, the electric motor takes the lead, drawing power from the battery and when extra power is needed, such as during acceleration or high-speed cruising, the . . .

The Global Exoskeleton Market is expected to reach USD 5.2 billion in 2030 from USD 0.8  in 2023 billion with a compound annual growth rate CAGR of 39.8% throughout the forecast period (2025-2030). An exoskeleton is a hard covering that supports and protects a skeleton that is on the exterior of an animal to both support the body shape and protect the inte . . .

The Global Market for Hybrid Vehicles is anticipated to reach 8696 thousand units by 2030. During the projected period 2023 to 2030, the market is expected to grow by an anticipated CAGR of 8.12%. currently 5773 thousand units in 2030  Stricter pollution regulatory rules and rising demand for low- or zero-emission vehicles, drive growth in the hybrid vehicles market. Additionally, govern . . .

The Global Electric Vehicle Component Market was valued at USD 24.5 billion in 2023. Government support for electric vehicle adoption, increasing the need to reduce greenhouse gas emissions,s and reducing the cost of components, propelling the growth of the market. Electric Vehicle Component Market Segmentation Insight by Component Based on components, the global electric vehicle comp . . .