Categoria: Automotive Industry

IMARC Group’s report titled “Mobile Car Wash Service Market Report by Service Type (Basic Car Wash, Interior Car Wash, Exterior Car Wash, Premium Car Wash), Booking Mode (Online, Offline), Mode of Payment (Cash, Cashless), Application (Individual, Fleet), and Region 2024-2032“. The global mobile car wash service market size reached US$ 7.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 15.4 Billion by 2032, exhibiting a growth rate (CAGR) of 7.83% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/mobile-car-wash-service-market/requestsample

Factors Affecting the Growth of the Mobile Car Wash Service Industry:

• Rising Focus on Enhanced Convenience:

The increasing focus on enhanced convenience is catalyzing the demand for mobile car wash services. This service model allows users to have their vehicles washed and detailed at their preferred location, whether at home, work, or even in a parking lot while shopping. This flexibility eliminates the need for individuals to disrupt their daily routines or make special trips to traditional car wash facilities. The rising demand for mobile car washes, as they provide a hassle-free solution that meets modern lifestyle demands, is impelling the market growth.

• Environmental Concerns:

The increasing focus on environmental sustainability is supporting the market growth. Mobile car washes often use eco-friendly products and employ water conservation techniques, such as steam cleaning or water reclamation systems, which use less water as compared to traditional methods. This sustainable approach not only helps in conserving natural resources but also attracts eco-conscious individuals who prefer to demonstrate a commitment to reducing environmental impact. Besides this, mobile car washes use biodegradable cleaning solutions that minimize carbon footprint. These products break down more easily in the environment, reducing pollution and improving the sustainability of the cleaning process.

• Increasing Vehicle Ownership:

The growing demand for mobile car wash services on account of the rising vehicle ownership across the globe is offering a positive market outlook. The increasing focus on regular maintenance and cleaning services is impelling the growth of the market. Mobile car wash services are well positioned to cater to this expanding user base worldwide by offering convenient and on-the-spot service. Apart from this, mobile car washes provide a necessary service that aligns well with the increasing adoption of personal vehicles.

Leading Companies Operating in the Global Mobile Car Wash Service Industry:

• DetailXPerts Franchise Systems LLC
• Get Spiffy Inc.
• GoWashMyCar Ltd.
• GreenSteam
• MobileWash
• Washé
• Washmycar Online
• Washos Inc.

Mobile Car Wash Service Market Report Segmentation:

By Service Type:  

• Basic Car Wash
• Interior Car Wash
• Exterior Car Wash
• Premium Car Wash

On the basis of the service type, the market has been divided into basic car wash, interior car wash, exterior car wash, and premium car wash.

By Booking Mode:

• Online
• Offline

Online holds the biggest market share as it helps mobile car wash services optimize their routes, manage schedules, and track employee performance.

By Mode of Payment:

• Cash
• Cashless

Cashless accounts for the largest market share due to the rising focus on enhanced convenience.

By Application:  

• Individual
• Fleet

Based on the application, the market has been bifurcated into individual and fleet.

Regional Insights:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

North America enjoys a leading position in the mobile car wash service market on account of increasing preferences for premium services.

Global Mobile Car Wash Service Market Trends:

Mobile car wash services benefit in saving time for individuals by bringing car wash services directly to the vehicle owners and removing the need for travel and waiting times associated with stationary car washes. This efficiency is particularly beneficial for professionals and individuals with busy lifestyles and hectic schedules. Furthermore, mobile car wash services offer more personalized service, including higher levels of customization in the cleaning and detailing processes. This can cater to individuals with specific needs or preferences.

In addition, the rising utilization of apps for scheduling, payment, and location tracking is impelling the market growth.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

IMARC Group’s report titled “Electric Two-Wheeler Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032″, offers a comprehensive analysis of the industry, which comprises insights on the global electric two-wheeler market trends. The global market size reached US$ 39.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 109.5 Billion by 2032, exhibiting a growth rate (CAGR) of 11.5% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/electric-two-wheeler-market/requestsample

Factors Affecting the Growth of the Electric Two-Wheeler Industry:

• Rising Environmental Concerns:

The growing demand for electric two-wheelers on account of rising environmental concerns is offering a positive market outlook. In line with this, people are increasingly becoming concerned about air quality, climate change, and pollution. They are seeking transportation options that assist in reducing the impact on the environment. Furthermore, electric two-wheelers produce zero tailpipe emissions. In addition, the increasing focus on reducing carbon footprints and combating air pollution in urban areas is impelling the market growth. Moreover, the rising adoption of sustainable transportation solutions to maintain a greener future is bolstering the market growth.

• Favorable Government Initiatives:

Governing agencies of several countries are encouraging the adoption of electric two-wheelers by implementing stringent regulations for carbon emissions. They are also offering several incentives and subsidies on the purchase of electric two-wheelers, which is bolstering the market growth. Besides this, these initiatives benefit in reducing the upfront costs associated with purchasing electric two-wheelers and attracting a larger consumer base. Furthermore, the rising focus on reducing the dependence on fossil fuels is impelling the market growth. In addition, the increasing demand for sustainable mobility solutions among individuals is propelling the market growth.

• Technological Advancements:

Technological advancements in electric two-wheelers, such as improved battery technology, with higher energy density and faster charging capabilities, benefit in extending the range and reducing charging times. Apart from this, advanced motor and powertrain technology assist in improving performance, providing riders with smoother acceleration and enhanced efficiency. Furthermore, connectivity features, such as smartphone integration and global positioning system (GPS) navigation, enhance the riding experience. Additionally, innovations in regenerative braking and energy management systems maximize efficiency and range, which is strengthening the market growth.

Leading Companies Operating in the Global Electric Two-Wheeler Industry:

• AIMA Technology Co. Ltd.
• Ampere Vehicles Pvt. Ltd.
• BMW AG
• Energica Motor Company S.p.A.
• GOVECS AG
• Hero Electric Vehicles Pvt. Ltd.
• Mahindra GenZe
• Terra Motors Corporation
• Vmoto Limited
• Yadea Technology Group Co. Ltd.
• Zero Motorcycles, Inc.

Electric Two-Wheeler Market Report Segmentation:

By Vehicle Type:

• Electric Scooter/Moped
• Electric Motorcycle

On the basis of the vehicle type, the market has been bifurcated into electric scooter/moped and electric motorcycle.

By Battery Type:

• Lithium-Ion
• Sealed Lead Acid (SLA)

Based on the battery type, the market has been divided into lithium-ion and sealed lead acid (SLA).

By Voltage Type:

• <48V
• 48-60V
• 61-72V
• 73-96V
• >96V

On the basis of the voltage type, the market has been classified into <48V, 48-60V, 61-72V, 73-96V, and >96V.

By Peak Power:

• <3 kW
• 3-6 kW
• 7-10 kW
• >10 kW

Based on the peak power, the market has been segregated into <3 kW, 3-6 kW, 7-10 kW, and >10 kW.

By Battery Technology:

• Removable
• Non-Removable

On the basis of battery technology, the market has been segmented into removable and non-removable.

By Motor Placement:

• Hub Type
• Chassis Mounted

Based on the motor placement, the market has been bifurcated into hub type and chassis mounted.

Regional Insights:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Region-wise, the electric two-wheeler market is divided into Asia Pacific (China, Japan, India, South Korea, Australia, and others), Europe (Germany, France, United Kingdom, Italy, Netherlands, Norway, and others), North America (United States and Canada), Latin America (Brazil, Mexico, and others), and Middle East and Africa (Turkey, Saudi Arabia, Egypt, and others).

Global Electric Two-Wheeler Market Trends:

The escalating demand for electric two-wheelers due to the increasing fuel prices is propelling the market growth. In addition, the rising adoption of electric two-wheelers, as they offer a cost-effective alternative and rely on electricity, is supporting the market growth. Besides this, people are increasingly preferring electric two-wheelers due to their lower operational costs.   The increasing development of advanced charging infrastructure for electric vehicles is contributing to the market growth. Furthermore, the widespread availability of charging stations benefits in enhancing convenience for individuals.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

IMARC Group’s report titled “Automotive Heat Shield Market Report by Material (Metallic, Non-Metallic), Product (Single Shell, Double Shell, Sandwich Type), Application (Exhaust System, Turbocharger, Under Bonnet, Engine Compartment, Under Chassis, and Others), Vehicle Type (Passenger Car, Commercial Vehicles, and Others), and Region 2024-2032“. The global automotive heat shield market size reached US$ 11.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 14.8 Billion by 2032, exhibiting a growth rate (CAGR) of 2.8% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/automotive-heat-shield-market/requestsample

Factors Affecting the Growth of the Automotive Heat Shield Industry:

Stringent Emission Norms:

The increasing implementation of stringent emission norms worldwide represents one of the key factors impelling the growth of the market. The governing bodies are enforcing stricter regulations to reduce vehicle emissions, prompting automakers to adopt innovative solutions. Heat shields play a crucial role in managing engine heat, thereby reducing thermal impact on the components and helping in efficient exhaust gas treatment. These shields contribute to the overall reduction of the environmental impact of vehicles by mitigating the heat produced in engine and exhaust systems. This need for lower emissions is encouraging the development and integration of advanced heat shielding materials, leading to the demand for high-efficiency thermal management solutions in vehicles.

Rising Awareness About Vehicle Safety:

Increasing awareness about vehicle safety is a critical factor bolstering the market growth. Individuals are more informed and concerned about the safety aspects of their vehicles, which is prompting automakers to focus more on incorporating safety features, including advanced heat management systems. Heat shields are essential in this context, as they protect the sensitive components of the vehicle from heat damage, thereby enhancing the overall safety and durability of the vehicle. This heightened safety consciousness among people is driving manufacturers to invest in more efficient and effective heat shielding solutions.

Integration of Advanced Manufacturing Technologies:

The increasing incorporation of advanced manufacturing technologies in the production of automotive heat shields is propelling the market growth. Innovations in materials science and manufacturing processes, such as 3D printing and automated assembly, are enabling the production of more sophisticated, lightweight, and cost-effective heat shields. These technologies allow for greater design flexibility, enabling custom solutions for complex thermal management challenges in modern vehicles. Furthermore, advancements in material technology, like the development of high-temperature resistant composites and coatings, are enhancing the performance characteristics of heat shields. This integration of cutting-edge manufacturing technologies is not only improving the quality and efficacy of heat shields but also fostering the development of new opportunities.

Leading Companies Operating in the Global Automotive Heat Shield Industry:

• Autoneum
• Carcoustics (Liaoning Dare Industrial Company Ltd.)
• Dana Incorporated
• DuPont de Nemours Inc
• ElringKlinger AG
• HAPPICH GmbH (Pelzer Acoustic Products GmbH)
• Lydall Inc.
• Morgan Advanced Materials Plc
• NICHIAS Corporation
• Talbros Automotive Components Ltd.
• Tenneco Inc.
• Zircotec

Automotive Heat Shield Market Report Segmentation:

By Material:

• Metallic
• Non-Metallic

Metallic dominates the market due to their superior heat resistance and durability, essential for protecting vehicle components from extreme temperatures.

By Product:

• Single Shell
• Double Shell
• Sandwich Type

Single shell represents the largest segment, as they are cost-effective and simple in design, making them a popular choice for mass-market vehicle production.

By Application:

• Exhaust System
• Turbocharger
• Under Bonnet
• Engine Compartment
• Under Chassis
• Others

Engine compartment accounts for the majority of market share, due to its utilization as a primary source of heat in vehicles, necessitating robust heat shielding for optimal performance and safety.

By Vehicle Type:

• Passenger Car
• Commercial Vehicles
• Others

Passenger car holds the biggest market share as they provide a comfortable mode of transportation.

Regional Insights:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Asia-Pacific dominates the market, attributed to the growing advancements in the automotive industry, high vehicle production rates, and rising emphasis on vehicle safety and performance standards.

Global Automotive Heat Shield Market Trends:

The rising emergence of electric vehicles (EVs) and hybrid vehicles is bolstering the market growth. These advanced vehicles require effective thermal management systems to ensure optimal performance and longevity of battery packs, electric motors, and electronic components. Heat shields in these vehicles are crucial for maintaining temperature thresholds, safeguarding sensitive parts against heat damage, and enhancing overall vehicle safety. Moreover, the growing shift towards lightweight and efficient materials in automotive manufacturing is leading to innovations in heat shield materials and designs.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

IMARC Group’s report titled ” Automotive Lead-Acid Battery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032″, offers a comprehensive analysis of the industry, which comprises insights on the global automotive lead-acid battery market trends. The global market size reached US$ 13.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2032, exhibiting a growth rate (CAGR) of 2.2% during 2024-2032.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/automotive-lead-acid-battery-market/requestsample

Factors Affecting the Growth of the Automotive Lead-acid Battery Industry:

• Vehicle Production:

Original equipment manufacturers (OEMs) are major consumers of lead-acid batteries. As vehicle production is increasing, the demand for batteries to power these vehicles is rising. OEMs require reliable and cost-effective battery solutions to meet the power needs of the vehicles they manufacture. The automotive industry is one of the largest manufacturing sectors around the world. When there is an upswing in vehicle production due to factors like economic growth, consumer demand, or new market entries, it directly results in higher demand for lead-acid batteries.

• Eco-Friendly Initiatives:

Lead-acid batteries are known for their high recyclability rate, as the recycling process for lead-acid batteries is well-established and efficient. This recyclability reduces the environmental impact of these batteries and aligns with eco-friendly objectives to minimize waste. Various regions and countries have regulations to ensure the proper disposal and recycling of lead-acid batteries. Compliance with these regulations is essential for battery manufacturers and users, reinforcing the eco-friendly aspect of lead-acid battery management. The concept of a circular economy, where products and materials are reused and recycled to reduce resource consumption, resonates with the lead-acid battery industry.

• Technological Advancements:

Technological advancements are leading to the development of advanced lead-acid battery designs. These designs can include improvements in electrode materials, separator materials, and overall battery construction. Enhanced designs can result in higher energy density, longer cycle life, and better overall performance. Absorbent glass mat (AGM) and gel battery technologies are examples of advancements within the lead-acid battery category. These technologies offer advantages, such as improved resistance to vibration and deep cycling, making them suitable for applications like start-stop systems in vehicles.

Leading Companies Operating in the Global Automotive Lead-Acid Battery Industry:

• C&D Technologies Inc.
• Clarios
• CSB Energy Technology Co. Ltd (Showa Denko K.K.)
• East Penn Manufacturing Company
• EnerSys
• Exide Industries Ltd.
• GS Yuasa Corporation
• Koyo Battery Co., Ltd.
• Leoch International Technology Ltd
• Century Batteries Indonesia
• Robert Bosch GmbH
• Thai Bellco Battery Co. Ltd.

Automotive Lead-acid Battery Market Report Segmentation:

By Vehicle Type:

• Passenger Cars
• Commercial Vehicles
• Two-Wheelers
• HEV Cars

Commercial vehicles represented the largest segment due to their higher power requirements and the need for reliable, cost-effective batteries in applications, such as trucks, buses, and heavy-duty vehicles.

By Product:

• SLI Batteries
• Micro Hybrid Batteries

SLI batteries accounted for the largest market share as they are essential for starting, lighting, and ignition functions in both passenger cars and commercial vehicles.

By Type:

• Flooded Batteries
• Enhanced Flooded Batteries
• VRLA Batteries

Flooded batteries exhibit a clear dominance in the market on account of their established presence, cost-effectiveness, and suitability for a wide range of automotive applications.

By Customer Segment:

• OEM
• Replacement

OEM holds the biggest market share as it is the primary consumer of lead-acid batteries for new vehicle production.

Regional Insights:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific enjoys the leading position in the automotive lead-acid battery market. This can be accredited to its robust automotive manufacturing industry, especially in countries like China and India.

Global Automotive Lead-acid Battery Market Trends:

The market is witnessing a shift towards advanced lead-acid battery technologies like absorbent glass mat (AGM) and gel batteries, which offer improved performance, longer life, and increased resistance to vibration. Lead-acid batteries are increasingly being integrated into start-stop systems in vehicles, helping to improve fuel efficiency and reduce emissions, especially in urban driving conditions.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

IMARC Group, a leading market research company, has recently released report titled “ Pickup Truck Market by Fuel Type (Diesel, Petrol, Electric, and Other), Vehicle Type (Light-Duty, Heavy-Duty), Application (Individual Use, Commercial Use), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global pickup truck market trends , size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the pickup truck market?

The global pickup truck market size reached US$ 207.9 Billion in 2023.  Looking forward, IMARC Group expects the market to reach US$ 256.0 Billion by 2032 , exhibiting a growth rate (CAGR) of 2.27% during 2024-2032.

What is a pickup truck?

A pickup truck is a light-duty motorized vehicle with two axles equipped with an enclosed cabin and a back end of a shipment bed encircled by three low walls with no roof. It also has a rearward gate that opens outward, allowing for easy loading and unloading of goods. It is also employed for hauling and towing carriages and transporting items. In addition, it offers advantages such as easy maintenance, high horsepower, torque, and greater capacity. Moreover, it has enormous cargo spaces, making it ideal for numerous commercial uses such as warehouses and distribution centers to transport and deliver goods. As a result, pickup trucks are widely adopted for personal and commercial use across the globe.

Request for a sample copy of this report: https://www.imarcgroup.com/pickup-truck-market/requestsample

What are the growth prospects and trends in the pickup truck industry?

The market is primarily driven by the growing preference for small-size utility trucks due to their compact sizes, better mobility, and affordability. In addition, the escalating demand for pickup trucks due to rapid urbanization, increasing disposable income, and the increasing popularity of off-roading events and participation in recreational activities and adventure sports are contributing to the market growth. In line with this, the significant expansion in the travel and tourism industry due to the easy availability of pickup truck rental services in tourist destinations is influencing the market growth. Moreover, the widespread adoption of electric and battery-operated pickup trucks to reduce carbon (CO ₂ ) emissions due to the growing demand for fuel-efficient and high-performance vehicles and the increasing awareness regarding the economic and ecological benefits of electric pickup trucks due to the rising prices of oil represents other major growth-inducing factors.

Besides this, the increasing demand for hybrid light-duty pickup trucks due to their benefits, such as improved mileage, light materials, small engines, and regenerative braking systems, is accelerating the product adoption rate. Apart from this, the pickup truck market is growing at different rates in numerous regions, with North America being the largest market due to increasing demand for fuel-efficient vehicles, incorporation of advanced safety features, and favorable government policies to use electric vehicles (EVs ) across the regions. Moreover, the industry is expected to face competition in the upcoming years as numerous key players are implementing competitive strategies to sustain their presence in the market. For instance, in June 2021, Ford Motor introduced a new compact truck called Maverick. This model offers great value and is equipped with a standard 2.5L full hybrid engine or an optional 2.0L EcoBoost engine while featuring a 4G LTE Wi-Fi hotspot and an eight-inch Bluetooth display.

What is included in market segmentation?

The report has segmented the market into the following categories:

Fuel Type Insights:

• Diesel
• Petrol
• Electric
• Others

Vehicle Type Insights:

• Light Duty
• Heavy Duty

Application Insights:

• Individual Use
• Commercial Use

Breakup by Region:

• North America (US Canada)
• Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
• Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
• Latin America (Brazil, Mexico)
• Middle East Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Ashok Leyland Ltd.
• Ford Motor Company
• General Motors Company
• Great Wall Motors
• Isuzu Motors Limited
• Mahindra Mahindra Ltd
• Mitsubishi Motors Corporation
• Tata Motors Limited
• Toyota Motor Corporation
• Volkswagen AG.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163

IMARC Group, a leading market research company, has recently releases report titled “China Electric Vehicle Battery Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the China electric vehicle battery market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the China electric vehicle battery market?

The China electric vehicle battery market is expected to exhibit a growth rate (CAGR) of 25.1% during 2023-2028.

What is an electric vehicle battery?

An electric vehicle battery is a secondary rechargeable power source used in electric vehicles (EVs). The vehicle is operated by the chemical energy stored in the rechargeable battery packs and does not require a combustion engine for propulsion. EV batteries are also known as traction batteries as they provide the motive power for the vehicle. They are connected to an electric motor to drive the wheels, which instantly feeds power to the motor when the accelerator pedal is pressed. Besides this, EV batteries are an eco-friendly alternative to fuel such as petrol and diesel and offer low maintenance costs, a high power-to-weight ratio, zero carbon emissions, noise-free travel experience.

Request for a sample copy of this report: https://www.imarcgroup.com/china-electric-vehicle-battery-market/requestsample

What are the growth prospects and trends in the China electric vehicle battery industry?

The market is primarily driven by the increasing demand for electric vehicles due to the rising levels of vehicular emissions across the country. Besides this, the improvement in battery technology and the launch of new plug-in EV models are propelling the market growth. In addition, with the growing environmental concerns, the Government of China is taking initiatives to encourage the use of electric vehicles. These vehicles offer various advantages, including tax exemption and rebates, subsidies, reduction in parking and toll fees, as well as free charging. Moreover, the adoption of lithium-ion batteries to power plug-in hybrid electric vehicles is also escalating the market growth across the country. Furthermore, the increasing investments in upgrading public charging infrastructure and the continuous replacement of conventional fuel-based public transport fleets are creating a positive outlook for the market.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Battery Type:

• Lead Acid Battery
• Lithium-Ion Battery
• Others

Breakup by Vehicle Type:

• Battery Electric Vehicles (BEV)
• Plug-in Hybrid Electric Vehicles (PHEV)
• Hybrid Electric Vehicles (HEV)

Breakup by Battery Capacity:

• <30 kWh
• 30-60 kWh
• >60 kWh

Who are the key players operating in the industry?

The report covers the major market players including:

• BMZ Group
• BYD Company Limited
• Contemporary Amperex Technology Co.
• Limited (CATL)
• GS Yuasa International Limited
• Lishen Battery
• Microvast
• OptimumNano Energy Co. Limited
• Panasonic Corporation
• Samsung SDI Co. Limited
• Showa Denko Materials Co. Limited.

Note: If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com

Follow us on Twitter: @imarcglobal