NewsInsights24

  Car scratch remover is widely used to repair minor scratches and abrasions on the exterior paint of vehicles. It helps remove superficial abrasions without the need for extensive refinishing and saves time and money associated with repairs at body shops. There has been an increase in demand for premium and luxury vehicles that require frequent detailing to maintain appearance. The global Car Scratch Remover Market is estimated to be valued at US$ 19.14 Bn in 2023 and is expected to exhibit a CAGR of 6.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rising sales of SUVs and premium vehicles globally have accelerated the demand for car scratch remover products immensely. Customers preferring luxury and high-end vehicles pay more attention to the exterior appearance and wish to restore minor scratches on their own instead of visiting repair shops. Manufacturers are introducing DIY kits for ea...

  Automotive embedded systems are complex electronic and computer systems used in vehicles to control integrated applications and connected car functions. These systems perform tasks such as controlling the brakes, engine, transmission, music systems, GPS navigation, collision warning systems, and stability control units in modern vehicles. The growing demand for improved safety, convenience, and infotainment features in automobiles has accelerated the adoption of automotive embedded systems. The global Automotive Embedded Systems Market is estimated to be valued at US$ 18.12 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased adoption of connected and autonomous vehicles is one of the major trends driving the growth of the automotive embedded systems market. Connected and autonomous vehicles use advanced automotive embedded systems to a...

  Automotive parts remanufacturing involves rebuilding worn or non-functional vehicle components to original specifications. Remanufactured automotive parts such as engines, transmissions, and fuel systems are a cost-effective alternative to new parts. These parts provide the same quality and performance as new parts while reducing material waste and energy usage during the manufacturing process. The Europe automotive parts remanufacturing Market is estimated to be valued at US$ 15.33994 Mn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The growing demand from original equipment manufacturers (OEMs) is one of the key trends driving growth of the Europe automotive parts remanufacturing market. OEMs are increasingly partnering with automotive parts remanufacturers to provide factory-backed remanufactured components to their customers. This helps OEMs ...

  E-bikes or electric bikes provide an eco-friendly mode of transportation without compromising on speed and range. They have gained popularity for short commutes, cycling, and leisure activities due to advantages such as pedal assistance, zero emissions, and accessibility for all age groups. With the rising fuel costs and growing environmental concerns, e-bikes are fast emerging as a preferred alternative to gasoline vehicles for intra-city travel. The global E-Bike Charging Station Market is estimated to be valued at US$ 2869.3 Mn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increased adoption of e-bikes has accelerated the demand for specialized charging infrastructure across commercial and residential locations. E-bike charging stations are now being installed at public places, office parks, apartments, cycling tracks etc. to encourage in...

  The global Car Rental Market is estimated to be valued at US$ 133.23 Bn in 2023 and is expected to exhibit a CAGR of 13.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The car rental market provides short or long-term vehicle rentals to users. These vehicles range from economy cars to luxury vehicles based on customer requirements. Features like navigation and entertainment systems, Bluetooth connectivity, and automatic transmission are commonly available in modern rented vehicles to enhance customer experience. Market key trends: One of the key trends in the car rental market is the adoption of AI technology to improve operational efficiency. AI is enabling advanced fleet management through predictive maintenance of rental vehicles. AI algorithms can accurately analyze historical service data to forecast component failures and schedule predictive maintenance. This significantly reduces rental...

  The global Vehicle Electrification Market is estimated to be valued at US$ 84.41 Bn in 2023 and is expected to exhibit a CAGR of 9.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: The vehicle electrification market comprises products such as electric powertrain, electric brakes, electric power steering, battery management system, and others. These products help in reducing emissions and enhancing the fuel efficiency of vehicles. Market key trends: Stringent emission norms and policies introduced by governments worldwide is driving the growth of the vehicle electrification market. For instance, governments have mandated reduction of CO2 emission levels for passenger cars and commercial vehicles. Also, governments provide various subsidies and tax credits for purchasing electric vehicles which is encouraging more consumers to opt for electric vehicles. This in turn is favoring the demand for ve...

  The global Next Generation In-vehicle Networking (IVN) Market is estimated to be valued at US$ 1553.42 Mn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Next Generation In-vehicle Networking enables communication between electronic components and systems in modern vehicles for advanced applications. It improves flexibility, scalability, bandwidth and reduces weight and cost compared to traditional technologies. Market key trends: One of the key trends in the Next Generation In-vehicle Networking Market is the growing adoption of Automotive Ethernet. Automotive Ethernet simplifies network architecture and allows high-speed communication between advanced driver-assistance systems. It supports bandwidth-intensive applications like connected car services, 4K video streaming and over-the-air updates. Additionally, Automotive Ethernet reduces wiring...