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Automotive Manufacturing Equipment Market Is Driven by the Increasing Number of Electric and Hybrid Vehicles

The automotive manufacturing equipment market is around USD 6,810.5 million in 2023, and it will advance at a rate of 11.3% by the end of this decade, to touch USD 14,260.4 million by 2030.

This is credited to the fast-growing vehicle requirement and the growing acceptance of robotics and automation technologies for coping with the booming automotive requirement.

In the tech world, industries are shifting from conformist methods to cutting-edge production technologies, such as ML and AI. These technologies are there in the entire automotive industry, helping it to meet the requirement for vehicles on time.

These similarly help control systems and communicate with other apparatus so there is no effect on the work. Numerous organizations have accepted AI and advanced technologies, because of their several benefits, to advance quality, help meet the requirement on time, boost the supply chain, and operate functions easily.

The robot category will have the fastest growth, about 12.5%, in the near future. In the vehicle manufacturing sector, robots are the most significant part of manufacturing processes because they work in the best way with enhanced task management. Also, robots can continually do tasks with quality, high consistency, less error rate, and greater productivity.

The automatic category will grow at a higher rate in the automotive manufacturing equipment market, of about 11.5%, in the years to come. In the automobile industry, automatic technologies are accepted extensively because of their efficiency of work, high quality, and supreme productivity.

Similarly, automatic manufacturing technologies can achieve tasks without the participation of humans, as a result of which the production cost is reduced with supreme production output. Additionally, these technologies support in making the production facilities more advanced and efficient.

Growing Automotive Sector Boosts Automatic Number Plate Recognition System Market

The automatic number plate recognition system market is estimated to generate USD 3,219.9 million in 2023, which will touch USD 6,010.8 million, propelling at a 9.5% compound annual growth rate, by 2030.

The growth of this industry is because of the increasing usage in agencies, such as parking, toll plazas, traffic management, and police force; the growing automotive sector; and the rising trend for pay-per-use roads.

Moreover, the high capital funding mainly in developing countries, coupled with the increasing acceptance of advanced systems and technology by different governments to control traffic, also boosts the industry.

Automatic Number Plate Recognition System Market

In 2022, the fixed category, based on type, was the largest contributor to the industry, and it will remain the largest throughout this decade. This can be because of the increasing utilization of these systems for traffic management and the rising transformation in road infrastructure.
In 2022, the hardware category, based on component, was the higher contributor to the automatic number plate recognition system market, and it will remain the higher during this decade. This can be because of the arrival of IoT devices into hardware and the speedy incorporation of hardware parts into cloud-based software solutions.

The electronic toll collection category, on the basis of application, is likely to advance at the highest rate during this decade. This is primarily because of the fact that it is an effective tool for tolling systems.

In 2022, the government category, based on end user, led the industry, and it will remain leading throughout this decade. This can be because of the rising count of government infrastructural projects, coupled with the increasing acceptance of developed technologies by public safety agencies.

Armored Vehicles Market To Observe Fastest Growth In APAC

The armored vehicles market will reach USD 35.2 billion, growing at a rate of 5.1%, by 2030 as per a report by P&S Intelligence. This can be credited to the rising cross-border disputes, increasing demand for robust, compact, and highly effective armored vehicles, the increasing defense expenses of several nations, and the militarization of law enforcement agencies.

Furthermore, the high expenditure on R&D by key industries and collaborations of government and private organizations to produce highly innovative solutions for defense are boosting industry growth.

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Unmanned armored ground vehicles are expected to witness the fastest growth in the armored vehicles market, during the forecast period. This is credited to the increasing demand for these vehicles due to their crucial role in assisting logistic operations onshore and supporting terrestrial combat.

Combat vehicles generated the highest revenue in recent years, and this trend will continue in the future as well. This is because of the rising demand for light-protected vehicles and armored personal carriers.

Global military spending has increased significantly in the past few years. Due to internal and external security threats, conflicts between nations, technological advancement in defense, rising terrorism activities, and various border security issues.

Wheeled armored vehicles held the larger revenue share in recent years, and they will witness faster growth during the forecast period. These are gaining popularity because of their advanced combat capabilities, lighter weight, and better mobility.
In addition, the increasing incidence of terrorist attacks in urban areas has boosted the requirement for armored vehicles.

It is crucial for defense forces to carry out better monitoring of land and naval borders. As robots can perform better in border surveillance, they can substitute humans in some situations. These robots can effectively patrol national borders and transmit real-time information. Such vehicles are provided with armor to enhance durability.

The defense category held a larger share in recent years, and it will remain larger in the years to come. This is because of the increasing usage of armored vehicles such as APCs, LPVs, IFVs, MBTs, MRAP, and the focus on the safe deployment of soldiers to battlefields and risky areas.

North America held the largest share,of over 52%, and it is expected to continue like this. This is because of the existence of numerous equipment and military machinery manufacturers, the collaboration between government and industries to develop advanced vehicles, and the high rate of advanced technology adoption.

Electric Mobility Services Market Is Driven by Increasing Environmental Concerns

The global electric mobility services market is witnessing growth. This development can be credited to the reasonably lesser price of ownership attached to the electric fleet, armed with the surging ecological worries throughout the world.

In recent years, the two-wheeler sharing category led the electric mobility services industry, based on service type. This is credited to the fact that apart from being a suitable, inexpensive, and quicker mode of traveling, e-two-wheeler sharing facilities also fulfill the requirement for last-mile traveling throughout the globe.

The category is further divided into scooter sharing, bike sharing, and kick scooter sharing. Between them, the bike-sharing category had the largest industry share in recent years, credited to the enormous utilization of these services in China.

The passenger car category is further segmented into plug-in hybrid electric vehicles and battery-electric vehicles. Between them, the BEV category is responsible for the greater share in the industry in recent years, ascribed to the helpful government steps, in the form of incentives and strategy formulations, which inspire the acceptance of such vehicles, and the working advantages BEVs provide over plug-in hybrid electric vehicles.

In the past few years, last-mile commuting was the largest category in the industry, based on commuting patterns. Also, the category is projected to stay the largest industry in the projection period. This is mainly because e-mobility services offer ease to users, to commute even the shortest distances, from mass transportation spots, like metro stations and bus stops, to their terminus, therefore removing the requirement to walk down that distance.

In the past few years, many cities across China augmented the utilization of electric vehicles (EVs) across numerous service channels, to encourage a greener atmosphere. With constant backing from the government, in the form of strategies and incentives, the industry in China is projected to showcase strong growth in the near future.

Hence, the reasonably lesser price of ownership attached to the electric fleet, armed with the surging ecological worries throughout the world are the major factors propelling the industry.

U.S. Electric Bus Market to Observe Fastest Growth in the Battery Electric Bus Category

In the U.S., electric buses are transforming the transportation industry. Electric buses are powered by electricity instead of conventional fuels, which makes them an environmentally friendly alternative.
In this blog, we will explore the advantages of electric buses and their impact on the environment.

Understanding Electric Buses Before we jump into the details, let’s understand what is an electric bus.

An electric bus can be defined as a type of electric vehicle, running, with the use of zero-emissions, and with the use of electricity, as its name states. These buses provide sustainable mobility solutions because they decrease air and noise pollution, dependence on fossil fuels, and greenhouse gas emissions.

Advantages of Electric Buses One of the most important advantages of electric buses is their reduced impact on the environment. Majority of the traditional buses run on diesel, these emit harmful pollutants into the air, making it polluted. These pollutants can cause respiratory illnesses and various other health problems.

Whereas, electric buses do not emit any pollutants. They run by batteries, that are charged using an external power source, for example, a charging station. Hence, electric buses produce zero emissions, thus help in improving the air quality.

Another advantage of electric buses is the reduction of noise pollution. The traditional buses are loud, mainly when accelerating. Whereas, electric buses are significantly silent, and offer the passengers a pleasant riding experience.

Lithium-ion Battery is Used the Most in these Buses Lithium-ion battery is the most used battery for electric buses, this is a rechargeable battery and offers benefits such as a long-life cycle, low maintenance costs, low weight, zero-carbon emission, and high energy concentration. Thus, ensuring safety and extended life for an electric bus.

Electric School Bus Initiative and its Importance

The goal of this initiative is to build a momentum toward using electric buses in every school in the U.S. by 2030.

Electric school buses are important because, most of the school buses run on diesel, which emits harmful pollutants, and much exposure to these pollutants can cause asthma and respiratory issues, in children.

What Is the Purpose of Electric Pallet Jack and Stacker?

A Pallet Jack is just Utilized to lift a pallet just a few inches off the ground level, move it to another place, and then place it back into the ground. The utmost lift height of a pallet truck is generally about 8” to 10”.

A Pallet Stacker is made to lift and transfer pallets from one place to another. Stackers differ from pallet trucks in that they have thoroughgoing lift heights varying from 60” to 160” or even more in some circumstances. This high lift capacity permits stackers to put a pallet onto a high rack for storing or load it from earth level onto a truck trailer if a loading dock is not present.

Lifting heavy pallets high into the air makes a tipping danger which requires that pallet stackers have either an outrigger (legs with rolls at the end that extend outward in front of the unit) for steadiness or a weighted counter-balance in the back of the unit to stop it from tipping over.

For high workflow conditions, an electric pallet jack or electric pallet stacker can be valuing the extra investment. Such units are typically powered by 8V or 12V lead or AGM batteries and come with an onboard charger. Some copies are physical push with a powered lift, while fully fortified models have powered drive and powered lift abilities. An electric pallet stacker is a must have for placing pallets on high drops.

The electric pallet jack and stacker market is experiencing growth and is projected to reach USD 7,069 million by 2030.

Advantages of Using Pallet Stackers

The benefits of using pallet stackers include:

Pallet stackers have a little entrance barrier as they are made to be simple to use. Huge mechanical products will need dedicated training to function, while a stacker operative can be trained by other staff or by a dedicated in-house team. Operators can be trained in a single session, removing knowledge loss because of staff turnover.

Flexible and effective: Stackers are made to be sprightly and can be used in an extensive variety of professional settings. This means they’ll be able to stay on if your business pivots or deals with an extensive variety of products. Pallet stackers are therefore virtually future-proof, and an expenditure in one can reap benefits for numerous years to come.

Pallet stackers are one of the most lucrative warehouse items, sitting halfway between a flat jack and a greater forklift. They are low-cost to add to your transport network. They also aid to advance efficacies across your supply chain, and they’re a lot less costly than buying more intricate machinery.

Innovations Happening in Anode Materials in Automotive Lithium-Ion Batteries

There is absolutely no doubt in the fact that we are living in a world that is ruled by electric vehicles. Electric vehicles are ruled by batteries, and especially lithium-ion batteries. These batteries have got four major parts, and anode is one of them. We will read a bit about anode material in the lithium-ion batteries in this blog.

It is because of the alarms of increasing pollution and climate change, researchers all over the world are trying to improve the EVs for making make them a more striking alternative to conventional vehicle. Much of the work is being done for making the batteries of the EVs better.

Apart from the sturdiness, safety, and autonomy, fast charging is also the need of the hour. Right now, approximately 40 minutes are taken by EVs to recharge though conventional cars can be refueled in a jiffy. There is a need to bring down the charging time considerably.

Talking of the way of reducing the time taken to charge lithium-ion batteries is to increase the diffusion rate of lithium ions, which can be done by increasing the interlayer distance in the carbon materials deployed in the anode batteries. While there is some sort of success in this regard by presenting nitrogen impurities there is no method to control interlayer distance or to distillate the doping element.

A Japanese team, not long ago founded a method for anode fabrication, able to provide fast charging of Lithium-ion batteries. The results were issued online in 2021 in Chemical Communications.

Which is Finest Anode for a Battery?

Silicon is the most excellent anode material for lithium-ion batteries. Amongst all the recognized elements, Si has the maximum volumetric and gravimetric capacity and is also reasonably priced.

Are lithium-ion Batteries Harmful for the Environment?

These have a lot fewer toxic metals than their counterparts that has toxic metals, for example cadmium or lead, they are mostly considered to be a non-harmful waste.
In the entire world, there has been much talk about shifting to electric vehicles, but what challenges stand inn the way are already been discussed in this blog, and how things are shaping up for mitigating all of them.

Powering the Future: Second-Life Automotive Lithium-Ion Battery Market Insights and Sustainability Trends

According to a market research expert working at P&S Intelligence, the second-life automotive lithium-ion battery market will propel at a considerable rate of 23.1% by the end of this decade to reach a value of USD 7,392 million.

The expensive battery reprocessing process and the increasing acceptance of EVs all over the world are the main factors powering the industry growth of the second-life automotive lithium-ion batteries.
Passenger car had the largest share in the past, on the basis of vehicle type. The category will also grow the fastest in the future, continue holding the major share.

This is because of the support from the governments in the U.S. and China for producing new energy cars, and growing requirement for fully e-passenger cars with a feature of high-range per charge.
Base station category led the market, based on application. This is as a result of the fact that battery systems are progressively put to use in telecoms base stations, as an aggregated and highly distributed asset for frequency containment disturbances reserve.

APAC was the leader of the second-life automotive lithium-ion battery market globally and it will be like this in the future as well. The region is led by China.
Also, China targets to attain domestically 50% EV share by the year 2025. This will be a potential market for second-life batteries.

The European market will witness the fastest growth, as a result of the snowballing sales of electric vehicles. Also, the strategic action plan for batteries in the region was accepted in the past.
Under this plan, improvement in building a battery value chain, as well as acceptance of extraction of raw materials, processing and sourcing of battery materials, production of cells and battery systems, along with recycling and reusing, is projected to be done.

Li-ion batteries has only 2–7% of lithium and gaining it through recycling is five times more expensive than finding lithium directly from natural sources. The sole material good for recycling in the procedure is cobalt.

Driving E-Commerce: An In-depth Analysis of Southeast Asia’s Automotive Aftermarket

In 2022, the Southeast Asian e-commerce in the automotive aftermarket was worth around USD 3,819.8 million, and it is projected to advance at an 11.4% CAGR from 2022 to 2030, hitting USD 9,184.6 million by 2030, according to P&S Intelligence.

This growth can be credited to the utilization of these channels increasing as a result of increasing levels of digitalization and internet utilization across Southeast Asia, also the growing customer knowledge regarding product details and other advantages of online shopping.

Moreover, the market enlargement is supported by the variations in the automotive aftermarket as a whole, credited to a surge in the count of vehicles in operation and their aging, also the growth in the occurrence of road accidents.

In the past few years, Thailand held the largest revenue share in the market, and it is projected to grow at a CAGR of approximately 11% in the coming few years. This is mainly because of its substantial population, costly vehicle industry with amply of OEMs, rapid urbanization, and rising per-capita income of people.

The market is also set to experience profit from technology enhancements, fleet owners’ rising knowledge and usage of quality replacement parts, and the government steps associated with passenger and vehicle protection.

The automotive aftermarket has sighted the growth of a DIY culture because of the growing trend of vehicle customization, with vehicle holders and auto devotees customizing their vehicles. While maintenance and service amenities and specialists have factually been the primary customers for vehicle parts builders, DIY fans now account for a generous portion of the sales of components via e-commerce channels. This increasing customer base would be beneficial for the automotive aftermarket.

The equipment category is all set to experience the fastest Southeast Asian e-commerce in automotive aftermarket growth at a CAGR of approximately 12%. This can be credited to the trend of advancing the several pieces of the machine of vehicles over time and the obtainability of an extensive variety of items on online channels.

A huge number of e-retailers, including Wal-Mart Stores Inc., Alibaba Group Holding Ltd., and Amazon.com Inc., provide automotive equipment on their platform, therefore creating access simple for consumers.

The quick digitization throughout the globe is basically projected to make opportunities for the enhancements of online services. E-commerce has allowed customers to buy items from any place and compare the cost of different items with just a swipe on a smartphone screen. The matter of fact that customers are progressively shifting toward online shopping has had a great influence on the courier sector.

Driving Digital Change: Exploring E-Commerce in Australia’s Automotive Aftermarket

Shopping via internet can be considered the new cool of the contemporary world, which is ruled by the internet to say the least. Be it the stuff of daily use or the spare parts of the vehicles, all of them can be acquired without breaking a sweat.

In this blog, we will mainly focus on the on the automotive aftermarket in the world, and especially in Australia. The auto market in Australia is mature. There are 60 vehicle brands and 380 vehicle models sold in Australia, and there are over 3,600 dealer locations. Here are some of the benefits Australians will take home, if they get hold of the automotive spare parts through E-commerce platforms.

Australia E-Commerce in Automotive Aftermarket

Get Lot of Choices To Choose From
If you buy the spare parts of your car or bike through the online mode, there are various choices at your disposal. As most of the notable and even local manufacturers are listed on e-commerce platforms. This is a lot difference from going to a brick-and-mortar store and be content with only a handful of choices present there. So, if you want many choices for making a final choice, buying them through e-commerce can serve you well.

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Save on Costs of Spare Parts
When you look to buy an automotive spare part from an e-commerce store, then there are various economical benefits associated with it. Firstly, you will get competitive pricing, as more often than not, there is one or the other discount offer running on the product. Plus, you will not incur any travelling or related expense, as there is no need to step out, drive your car and purchase the part, which is needed.

Putting a Price Tag on Your Time
It takes a lot of time to go to a store and buy anything, not just automotive parts. If you believe in the time is money theory, then if you find a traffic jam on the road, it can bite a lot of your time, and also money (in case the engine if the vehicle is still on and it is burning fuel). Buying the needed spare parts from e-commerce platforms allows you to get over your purchases in a relatively short span of time, and the time can be used in devoting more to the work and also the moments that matter.

Easy Doorstep Delivery
Sometimes the automotive spare part can be really bulky, and difficult to carry. If you stick to the traditional shopping of purchasing a part from a conventional store, then you will either have to drench in sweat or vent out pennies from your pocket to get it delivered at your doorstep. On the other hand, most of the e-commerce platforms provide free delivery of the products purchased. Even, if they charge some amount for delivery, it is a lot less than what you will end up giving, when shopping the conventional way.