E-Commerce Automotive Aftermarket Focusing On The Basis Of Membrane Material, Process, Technology, Application, End-User, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 13 July 2023: The Report E-Commerce Automotive Aftermarket  Size, Share & Trends Analysis Report By Replacement Parts (Lighting, Engine Parts, Braking Systems, Transmission & Steering), By End Use, By Region, And Segment Forecasts, 2021 – 2028

The global E-Commerce Automotive Aftermarket  size is anticipated to reach USD 143.9 billion by 2028, exhibiting a CAGR of 14.6% over the forecast period, according to a new report by Grand View Research, Inc. The growth can be attributed to the rising availability of automotive replacement equipment on online platforms, thereby enabling customers to access more affordable buying options. Improved supply chain activity with technology deployments such as the Internet of Things (IoT) and automation has boosted the growth of e-commerce platforms in the automotive sector. Further, rising awareness of automotive OEMs to establish an omnichannel presence promotes them to deploy e-commerce practices, thereby offering growth opportunities for the e-commerce aftermarket parts.

The increasing automotive sales and the increasing presence of new automotive players are expected to aid the market growth. The production of new automobiles with diverse technologies facilitates the need to develop new aftermarket products. Furthermore, rising awareness amongst people to adopt electric vehicles promotes automotive companies and OEMs to develop more proficient products, which help increase the efficiency of the electric vehicle. This increasing awareness towards the adoption of electric vehicles is expected to result in higher R&D activities in product development, thereby offering promising growth opportunities to the market.

The Asia Pacific region is expected to record the highest CAGR over the forecast period. This growth is majorly fueled by China due to the increasing number of light motor vehicles in the country, facilitating an increase in the sales of automotive replacement parts. Additionally, the growing average age of the vehicle population and technological innovation in automotive manufacturing practices such as the influx of robots and automation is expected to grow the e-commerce aftermarket over the forecast period. The Chinese government also incentivizes the automotive suppliers to improve automotive aftermarket transparency and presence by enabling independent suppliers to sell Original Equipment Service (OES) parts.

E-tailers are continuously challenging traditional retailers by penetrating the market more effectively. This has led to the emergence of companies such as RockAuto and Tire Rack and also promoted companies such as Alibaba and Amazon to increase investments in the automotive aftermarket sales segment. This has led to an increase in automotive equipment sales via e-commerce channels, and the trend is expected to continue over the forecast period. Moreover, the onset of COVID-19 has promoted people to stay confined to their homes, thus encouraging them to engage in online shopping activities for earlier bought from physical stores, which will help the e-commerce automotive equipment shopping trend stay buoyant.

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E-Commerce Automotive Aftermarket  Report Highlights

• The lighting segment is expected to register the fastest growth over the forecast period. The growth can be attributed to the ongoing trend of automobile owners to customize and install new and personalized lighting equipment for interiors and exterior uses
• The business to customer segment is expected to register the highest CAGR over the forecast period owing to the rising acceptance of DIY innovation in automobiles, thereby promoting automobile users to order automotive parts replacement and self-installation
• The Asia Pacific region is expected to dominate the market over the forecast period. This can be attributed to rising economic activity in China and India. The presence of several automotive parts manufacturers in China and their ability to provide affordable and attractive products are offering an impetus to market growth

E-Commerce Automotive Aftermarket  Report Scope

Report Attribute	Details
Market size value in 2021	USD 55.55 billion
Revenue forecast in 2028	USD 143.90 billion
Growth Rate	CAGR of 14.6% from 2021 to 2028
Base year for estimation	2020
Historical data	2017 – 2019
Forecast period	2021 – 2028

List of Key Players of the E-Commerce Automotive Aftermarket

• Advance Auto Parts, Inc.
• Alibaba Group Holding Limited
• com
• com, Inc.
• AutoZone Inc.
• CARiD
• E-bay Inc.
• Flipkart Private Limited
• NAPA Auto Parts
• O’Reilly Auto Parts
• RockAuto, LLC
• S. Auto Parts Network, Inc.

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Semi-trailer Market Segmented On The Basis Of Type, Region And Forecast 2028: Grand View Research Inc.

San Francisco, 10 May 2023: The Report Semi-trailer Market Size, Share & Trends Analysis Report By Type (Flat Bed Trailer, Dry Vans, Refrigerated Trailers, Lowboy Trailers, Tankers), By Region (North America, Europe, APAC, LATAM, MEA), And Segment Forecasts, 2021 – 2028

The global semi-trailer market size is anticipated to reach USD 29.36 billion by 2028, expanding at a CAGR of 5.8%, according to a new report by Grand View Research, Inc. Increasing demand across the construction, defense, automotive, and energy sectors is anticipated to be a key factor driving market growth. In addition, increasing dependence of e-commerce companies on third-party logistics (3PL) providers to ensure transportation of goods through hub and spoke distribution model is also expected to augment market growth in the coming years.

Furthermore, expanding cold chain and logistics industry is contributing significantly to the market growth. Less than truckload (LTL) and full truckload (FTL) freight shipping companies worldwide are increasingly adopting semi-trailers due to the versatility being offered in terms of load-carrying capacity. As compared to rigid trucks, semi-trailers offer the lowest cost of transportation per ton per km, which is further enhancing its adoption.

Over the last few years, the product demand has witnessed strong growth on account of positive growth observed in the oil & gas industry. In the coming years, the market is poised to register steady growth due to relaxation of regulations with respect to length and load-carrying capacity of semi-trailers. Government regulations supporting the introduction of lightweight and eco-friendly transport vehicles are expected to shape the future market demand. However, lack of proper infrastructure required for transportation, especially in emerging economies is hampering the semi-trailer market growth.

Manufacturers are increasingly incorporating advanced technologies such as driver assistance systems (DAS) and other connectivity solutions into their products to help their consumers (fleet operators/logistics service providers) enhance operational efficiency. Furthermore, growing preference for platooning and introduction of electric semi-trailer trucks are expected to create huge opportunities for the manufacturers in the coming years. Manufacturers are increasingly focusing on introducing lightweight transport vehicles through improved designs and lighter components to ensure greater productivity and payload.

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Semi-trailer Market Report Highlights

• The dry vans segment is expected to witness a revenue-based CAGR of more than 4.0% due to growth in the retail and fast-moving consumable goods (FMCG) industry, especially in the developing economies
• The Asia Pacific market is expected to witness substantial growth owing to improving road infrastructure and anticipated growth in the automobile industry. Automotive companies are manufacturing many cars and two-wheelers which are being transported through semi-trailers to end-consumers
• The market is highly consolidated with the presence of established players such as Wabash National Corporation, Schmitz Cargobull, Great Dane, and Kogel Trailer GmbH
• Players are focusing on R&D investments, acquisitions and mergers, and product innovation in order to strengthen their market presence. For instance, in 2017 Wabash National Corporation entered into a definitive agreement to acquire Supreme Industries, Inc. to enhance its market presence in dry vans.

List of Key Players of Semi-trailer Market

• China International Marine Containers (Group) Ltd.
• Fontaine Commercial Trailer, Inc.
• Great Dane
• Kogel Trailer GmbH & Co.KG
• Krone Commercial Vehicle Group
• Lamberet SAS
• Polar Tank Trailer, LLC
• Schmitz Cargobull
• Utility Trailer Manufacturing Company
• Wabash National Corporation
• HYUNDAI TRANSLEAD

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U.S. Semi-Trailer Dealership Market Is Likely To Up Demand At A USD 13.85 Billion By 2030: Grand View Research Inc.

San Francisco, 28 Feb 2023: The Report U.S. Semi-Trailer Dealership Market Size, Share & Trends Analysis Report By End-use (Food & Beverages/FMCG, Industrial, Construction & Mining, Others), By Product Type, By Region, And Segment Forecasts, 2022 – 2030

The U.S. semi-trailer dealership Market is expected to reach USD 13.85 billion by 2030 with a CAGR growth of 5.6% over the forecasted period, according to a new report by Grand View Research, Inc. The demand for semi-trailers is primarily driven by rising manufacturing activity and the need for efficient transportation. Additionally, the demand for semi-trailers is anticipated to increase in the upcoming years due to the expansion of end-use industries and the cold chain industry. Road transportation is the most popular kind of transportation in the logistics industry since it is more affordable than other forms.

The demand for semi-trailers to transport chemicals, automotive and healthcare items, mining, and construction equipment, and other goods is rising. The demand for transportation vehicles has also increased because of increasing investments in improving road infrastructure. Semi-trailers are easy to use, require little maintenance, and can travel longer distances with huge loads. Consequently, they are favored over other trailers on the market.

The adoption of refrigerated trailers is also surging owing to increased demand for frozen and perishable foods such as vegetables, fruits, seafood, and meat in North America. Refrigerated trailers are also used for the storage and transportation of biopharmaceuticals and other drugs. Many medical samples for tissue or blood and drugs are transported in a controlled temperature, which is maintained through these refrigerated trailers. The increasing adoption of cold chain space is also fueling the demand for refrigerated trailers in the U.S.

Moreover, the flatbed trailer has the third highest growth rate of 5.9% within the forecast period. The flatbed trailers are commonly used for transporting heavy load cargo like construction machinery, transporting materials such as steel & aluminum frames, piping, and scaffolding. Farmers located in America widely use flatbed trailers to transport agricultural goods or equipment for their daily operations. The growth in the construction and agriculture industry across the countries is anticipated to witness segmental growth.

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U.S. Semi-Trailer Dealership Market Report Highlights

• The growth of the U.S. Semi- Trailer Dealership market is primarily driven by the expansion of the logistic industry coupled with the rising disposable income of the people and growing global travel interest among individuals
• The cost of maintaining trailers varies based on the kind, brand, model, and usage; additional costs for repairs, maintenance, and aftermarket services may have a negative effect on consumers and impede the market’s expansion
• High demand for semi-trailers for transportation purposes in the FMCG and construction industries are driving the growth of the U.S. market
• Additionally, increasing government investments to improve the road infrastructure, enhance inland connectivity, and boost the economy have cascading effects on the growth of the semi-trailer dealership market

List of Key Players in the U.S. Semi-Trailer Dealership Trailer Market

• Great Western Leasing and Sales
• Superior Trailer Sales
• Crossroad Trailers Sales and Service Inc.
• Larry’s Trailer Sales & Service LLC
• Diamond T Truck & Trailer Inc.
• Northwest Truck & Trailer
• Royal Truck & Trailer Sales and Service, Inc.
• Semi-Truck and Trailer Sales
• Star Trailer Sales, Inc.
• Young truck and trailer

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Automotive Natural Gas Vehicle Market Expected To Witness A Substantial Growth To Reach 38,856.33 Thousand Units By 2028: Grand View Research Inc.

San Francisco, 14 Dec 2021: The Report Automotive Natural Gas Vehicle Market Size, Share & Trends Analysis Report By Fuel Type (CNG, LNG), By Vehicle Type (Passenger, Light-duty & Heavy-duty Buses & Trucks), By Region, And Segment Forecasts, 2021 – 2028

The global automotive natural gas vehicle market demand is expected to reach 38,856.33 thousand units by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of 3.3% from 2021 to 2028. The growing adoption of natural gas as an alternative fuel in vehicles, especially in the transportation sector worldwide, is creating the demand for automotive natural gas vehicles (NGVs). The low emission properties of NGVs facilitated by clean fuel characteristics are expected to drive their demand in public transportation, therefore boosting the market growth. The need for cleaner fuels at lower costs is also expected to drive market growth.

Moreover, government support for the adoption of these vehicles will augment the demand. The government authorities in various countries are implementing stringent regulations to curb environmental damages arising from the emission of Particulate Matter (PM) and Greenhouse Gases (GHG) from vehicles. Simultaneously, with these regulations, authorities have also been continuously revising the emission standard policies to help protect the environment.

Government agencies across the globe are rolling out incentive programs to promote the adoption of NGVs owing to the high initial cost associated with the procurement of CNG and LNG vehicles. Some of the incentive programs to promote the adoption of these vehicles include the U.S. Congestion Mitigation and Air Quality Improvement Program (CMAQ), U.S. Environmental Protection Agency’s (EPA) Diesel Emissions Reduction Act Program (DERA), and California Energy Commission’s Clean Transportation Program.

The governments in various countries are undertaking initiatives to develop and expand the natural gas distribution infrastructure and invest significantly in improving natural gas technology. The network of CNG and LNG refueling stations is expanding in various countries, boosting the adoption of NGVs. For instance, the Indian Ministry of Petroleum and Natural Gas announced the construction of 1000 LNG fueling stations on the major national highways across the country. The fueling stations will be commissioned by state-controlled companies, including Hindustan Petroleum (HPCL), IOC, and Bharat Petroleum (BPCL), and gas suppliers such as Gas Authority of India Ltd. (GAIL), Gujrat Gas, and Petronet LNG.

Asia Pacific held the largest share of the overall market in 2020 owing to the increased adoption of natural gas, such as CNG and LNG, in passenger cars, trucks, buses, and three-wheelers in countries, such as India, China, Thailand, Pakistan, and Bangladesh. The region has also emerged as a hub for automotive production in recent years.

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Automotive Natural Gas Vehicle Market Report Highlights

• Stringent regulations laid down by governments of various nations to reduce the emissions of GHG and PM are expected to positively influence the market growth over the forecast period
• Refueling solutions, such as home refueling and time-fill refueling, prove to be economical, along with providing convenience to customers
• The CNG segment dominated the market in 2020 and is anticipated to reach a demand of 36,758.09 thousand units by 2028, owing to less noise produced from a CNG engine due to the lower level of the sound pressure
• Asia Pacific held the largest market share in 2020. This growth is attributed to the increased production and sales of passenger cars in the region

List of Key Players of Automotive Natural Gas Vehicle (NGV) Market

• Agility Fuel Solutions
• AB Volvo
• Beiqi Foton Motor Co., Ltd.
• CNH Industrial N.V.
• Clean Energy Fuels
• Cummins, Inc.
• PACCAR, Inc.
• Navistar, Inc.
• Quantum Fuel Systems LLC
• Westport Fuel Systems Inc.

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Intelligent Traffic Management System Market Expected To Witness A Substantial Growth Of USD 21.38 Billion By 2028: Grand View Research Inc.

San Francisco, 21 Oct 2021: The Report Intelligent Traffic Management System Market Size, Share & Trends Analysis Report By Solution (Traffic Monitoring System, Traffic Signal Control System, Integrated Corridor Management), By Region, And Segment Forecasts, 2021 – 2028

The global intelligent traffic management system market size is expected to reach USD 21.38 billion by 2028, expanding at a CAGR of 11.9% from 2021 to 2028, according to a new study by Grand View Research, Inc. An aging infrastructure, the rising traffic congestion, and the lack of mobility solutions and transportation infrastructure are expected to further lead to traffic congestion, thereby adding to the transportation costs and affecting the everyday life of people. These factors and supportive government initiatives to implement smart cities are anticipated to drive the growth of the market.

One of the key issues caused by road congestion is air pollution. The implementation of intelligent systems makes traffic monitoring easy, thereby reducing harmful emissions, which is expected to positively impact the growth of the market. An intelligent traffic management system is one of the integral parts of a smart city. The rapid urbanization and the increasing population in developing countries are expected to influence the demand for intelligent traffic solutions. Additionally, the rapid adoption of the fourth industrial revolution is anticipated to boost the growth of smart cities, subsequently fueling the demand for intelligent traffic management systems.

Road accidents and the fatalities stemming from them are increasing. To mitigate such incidents, the United Nations Economic Commission for Europe (UNECE) is helping in managing road safety legal instruments. Various aspects such as road infrastructure, traffic management, road signs, and signals are negotiated with the member countries and made legally binding. An intelligent traffic management system (ITMS) can potentially help in reducing road accidents and enhancing safety. Several countries, including the U.S. and China, are investing aggressively in ITMS solutions, which is expected to bode well for the growth of the market over the forecast period. For instance, the U.S. DOT has been investing aggressively in the research and development, adoption, and deployment of ITMS across the country.

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Intelligent Traffic Management System Market Report Highlights

• In terms of solutions, the integrated corridor management segment is anticipated to witness considerable growth over the forecast period. Significant improvements in the effective movement of goods and people through institutional collaboration and proactive and aggressive integration of the existing infrastructure along major corridors are expected to help manage integrated corridors and improve traffic management
• In terms of region, the Asia Pacific regional market is expected to register a significant CAGR from 2021 to 2028. Rapid urbanization, rising awareness regarding intelligent systems, and increasing population are anticipated to propel the regional market growth
• The rise in disposable income is expected to increase the purchase of four-wheelers over the forecast period. This is expected to further propel the demand for traffic management solutions in the Asia Pacific region to resolve traffic congestion problems

List of Key Players of Intelligent Traffic Management System Market

• Cubic Corporation
• SNC-Lavalin Group (Atkins)
• Thales Group
• International Business Machines Corporation
• General Electric Company
• Siemens AG
• Kapsch TrafficCom
• TomTom International BV
• Q-Free ASA
• TransCore

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Automotive Infotainment Market Expected To Witness A Substantial Growth Of USD 12.57 Billion By 2028: Grand View Research Inc.

San Francisco, 20 Oct 2021: The Report Automotive Infotainment Market Size, Share & Trends Analysis Report By Product Type (Heads-up Display, Navigation Unit, Display Unit), By Fit Type, By Vehicle Type, By Region, And Segment Forecasts, 2021 – 2028

The global automotive infotainment market size is expected to reach USD 12.57 billion by 2028, registering a CAGR of 8.7% from 2021 to 2028, according to a new report by Grand View Research, Inc. The increasing demand for autonomous vehicle technology, automotive cockpit electronics, and advanced safety features such as advanced driver assistance systems is anticipated to drive the growth. The growing demand for enhanced in-vehicle experience and shifting consumer buying behavior and the worldwide expansion of the luxury and premium car segments are also likely to fuel the growth of the market.

The growing number of millennials opting for small and medium-sized cars is expected to boost the growth of the market growth. Furthermore, consumers are inclined to buy these cars, compared to premium cars, owing to their cost-effectiveness. In addition to this, the introduction of medium-sized SUVs has further encouraged the market growth as consumers can buy a bigger-sized vehicle at a lower cost.

Automotive infotainment technology is expected to gain significant demand as major automotive components and solution providers are engaging in developing complete automotive infotainment solutions. For instance, in May 2021, BMW AG announced iDrive 8, the latest infotainment system for its vehicles. The new iDrive 8 provides enhanced voice-recognition software and a massive touchscreen with multiple new features. It will be initially debuted on the new electric i4 sedan and iX SUV.

The introduction of Artificial Intelligence (AI)-based infotainment systems is also expected to contribute to the market growth. However, the market is characterized by a negligible regulatory framework regarding product manufacturing, resulting in counterfeit and low-quality products. Such negative trends are expected to hinder the market growth.

Emerging economies such as China and India are expected to contribute significantly to the growth of the market for automotive infotainment. The development is characterized by the increase in the adoption of mid-sized cars, which enables automotive companies to offer infotainment products for this car segment.

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Automotive Infotainment Market Report Highlights

• The head-up display segment is expected to expand at the highest CAGR of around 10% over the forecast period owing to the integration of augmented reality for enhanced safety and driving experience
• The OF fitted segment dominated the market in 2020 and is anticipated to generate over USD 9.6 billion by 2028 owing to the benefits such as easier servicing and maintenance
• The passenger car segment accounted for the largest revenue share of around 80% of the overall market in 2020. The increasing demand for connected car features in passenger vehicles and the onset of autonomous vehicles are expected to drive the growth of this segment
• Asia Pacific accounted for the largest market share in 2020. The regional market growth can be attributed to the increased production and sales of passenger vehicles in the region

List of Key Players in the Automotive Infotainment Market

• Alpine Electronics
• Clarion Co., Ltd.
• Continental AG
• Delphi Automotive PLC
• Denso Corporation
• Harman International
• JVC KENWOOD Corporation
• Panasonic Corporation
• Pioneer Corporation
• Visteon Corporation

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Semi-Autonomous Vehicle Market Expanding At A CAGR Of 20.8% For The Forecast Period From 2021 To 2028: Grand View Research Inc.

San Francisco, 5 Oct 2021: The Report Semi-Autonomous Vehicle Market Size, Share & Trends Analysis Report By Level of Automation (Level 1, Level 2, Level 3), By Vehicle Type (Passenger Car, Commercial Vehicle), By Region, And Segment Forecasts, 2021 – 2028

The global semi-autonomous vehicle market demand is anticipated to reach 60.1 million units by 2028, exhibiting a CAGR of 20.8% over the forecast period, according to a new report by Grand View Research, Inc. The rapid growth can be attributed to the rising adoption of driver-assisted technologies, thereby enhancing the driving experience. The confluence of abilities such as electronic braking, adaptive cruise control, and obstacle detection; and continuous technological innovations happening in driving technologies offer an impetus to market growth. Semi-autonomous cars also promise drivers the ability to practice safer driving over the forecast period, thus driving higher adoption. The availability of forwarding collision and lane assistance and progressive learning models in cars helps to remove human error, thus reducing accidents.

The rising technological development of semi-autonomous cars has increased integration with connected technologies, thus increasing efficiency by minimizing human error. Semi-autonomous vehicles can increase the efficiency of vehicles as they would offer real-time traffic updates, enhanced driving assistance systems, and connected cars. Semi-automatic cars also offer the ability to indulge in intelligent driving, thus helping in changing routes accordingly. Thus, the vehicles would be more efficient and secure as they would not result in the wastage of fuel in traffic jams and ensure passenger safety.

Artificial Intelligence (AI) offers promising growth opportunities to the semi-autonomous cars market due to its applications in several use cases within automotive. The implementation of Ai-models aids in pattern and obstacle recognition, which helps understand verbal sounds, non-verbal cues, and gestures. There has been an increasing trend in the adoption of AI for steering mechanism which simplifies driving effort, enhances engine performance, and increase fuel efficiency.

The Asia Pacific region is expected to witness the fastest CAGR of 22.7%, followed by the Middle East and Africa and South America. The high growth rate can be attributed to a strong AI hub in China, Japan, Singapore, and India, enabling automotive players to gain easy access to automotive-specific AI programs and services. The rising economy of Middle Eastern countries also offers promising growth opportunities to the MEA region. This can be accredited to the rising disposable income of people in the region, increasing interest of people to leverage semi-autonomous vehicles for commercial and personal uses, and favorable government regulations which help in regulating market growth.

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Semi-Autonomous Vehicle Market Report Highlights

• The level 3 automation segment is expected to emerge as the fastest-growing segment over the forecast period. Level 3 automation offers technological advancement with environmental detection capabilities, capable of making informed decisions such as overtake slow-moving vehicles, traffic maneuverability, and smart obstacle detection
• The commercial vehicle segment is expected to register the highest CAGR over the forecast period. The deployment of semi-autonomous driving solution in commercial vehicles ensures safe movement of products and goods, thus allowing the driver to maintain good health and posture
• The Asia Pacific region is expected to dominate the market over the forecast period. This can be attributed to the presence of the AI hubs in countries such as China, Japan, Singapore, and India; which offers a conducive environment for the semi-autonomous market

List of Key Players of the Semi-Autonomous Vehicle Market

• Audi AG
• BMW AG
• Continental AG
• Diamler AG (Mercedes Benz)
• Ford Motor Company
• General Motors
• Honda Motor Company
• Nissan Motor Company
• Toyota Motor Corporation
• Volvo Car Corporation
• Valeo S.A.
• Volkswagen AG

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Peer-To-Peer Electric Vehicle Charging Market is Predicted to Observe a Tremendous Growth, With a CAGR of 21.9%From 2021 To 2028: Grand View Research Inc.

San Francisco, 16 Aug 2021: The Report Peer-To-Peer Electric Vehicle Charging Market Size, Share & Trends Analysis Report By Charger Type (Level 1, Level 2), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2021 – 2028

The global peer-to-peer electric vehicle charging market size is expected to reach USD 425,595.0 thousand by 2028, registering a CAGR of 21.9% from 2021 to 2028, according to a new report by Grand View Research, Inc. To eliminate the range anxiety issues of Electric Vehicles (EV), various governments are emphasizing the provision of funds for the development of peer-to-peer networks. For instance, the Government of the U.S. has established the Northeast Corridor Regional Strategy, under which it provides support for various activities, such as the development of Electric Vehicle (EV) charging infrastructures and peer-to-peer (P2P)) electric vehicle charging networks.

Various governments have mandated allotting space for EV charging in the parking spaces of residential complexes, which is expected to create new growth opportunities for the market. For instance, in August 2019, the U.K. proposed EV charger mandates for offices and new homes. Under this regulation, residential buildings with more than ten parking spaces under major renovations are expected to have dedicated charging spaces for EVs. Additionally, large nonresidential buildings with 20 parking spaces are expected to have one EV charger by 2025.

Many companies are partnering with energy and utility companies to extend the reach of their peer-to-peer EV charging solutions. For instance, in January 2020, EVmatch announced a pilot project with utilities based in the U.S. state of Vermont, such as Burlington Electric Department and Green Mountain Power. The aim of this initiative is to offer a logistical, affordable, and simple way for property owners to make EV charging available to multi-family residences.

The outbreak of the COVID-19 pandemic is expected to trigger the sales of automobiles, including electric cars, as consumers would prefer traveling in their personal cars to avoid exposure to coronavirus. Initiatives such as protection against job losses, deferred payments, and benefits offered by finance companies, such as 0% financing, are also expected to encourage the adoption of electric vehicles and subsequently trigger the demand for EV charging stations. Thus, the COVID-19 outbreak is positively impacting the P2P electric vehicle charging market growth.

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Peer-To-Peer Electric Vehicle Charging Market Report Highlights

• The level 1 charger segment is anticipated to register a significant growth owing to the increasing number of multi-unit dwellings installing level 1 charging stations
• The commercial segment is projected to register the highest CAGR over the forecast period owing to the increasing focus of companies such as The Coca-Cola Company and General Motors on making EV charging stations at their facilities open to public
• European manufacturers of electric utilities, such as Copenhagen Electric and Stromnetz Hamburg, are collaborating to deliver e-roaming services to EV drivers through projects such as evRoaming4EU, which bodes well for the growth of the market in this region

List of Key Players of Peer-To-Peer Electric Vehicle Charging Market

• Chargepoint Inc.
• ClipperCreek, Inc.
• Enel X
• EVBox
• EV Meter
• Greenlots
• has·to·be GmbH
• innogy
• Power Hero
• Webasto Group

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Intelligent Transportation System Market Expected To Witness A Substantial Growth Of USD 42,936.1 Million By 2028: Grand View Research Inc.

San Francisco, 4 Aug 2021: The Report Intelligent Transportation System Market Size, Share & Trends Analysis Report By Type (ATIS, ATMS, ATPS, APTS, EMS), By Application, By Region, And Segment Forecasts, 2021 – 2028

The global intelligent transportation system market size is expected to reach USD 42,936.1 million by 2028, registering a CAGR of 7.0% from 2021 to 2028, according to a new study by Grand View Research, Inc. Continued advances in the development of transportation networks have triggered the need for an efficient transportation system. At the same time, advances in the latest technologies, such as blind-spot detection and electronic toll collection, are continuously redefining the expectations and prospects for sustainable management of transportation networks and traffic. At this juncture, the growing need to present real-time traffic information to drivers and passengers is emerging as one of the key factors driving the demand for intelligent transportation system (ITS).

Advances in telecommunications technologies and the evolution of IT systems are expected to help in reducing traffic congestions. Given that modern traffic control strategies focus more on utilizing real-time data while simultaneously addressing impact criteria, such as emission control; the integration of ITS with smart grid and other energy distribution and charging systems can potentially help distribution agencies in utilizing the real-time data to draft capacity expansion strategies for the future. According to the ITS Development Strategy drafted by the Department of Transport of the Republic of Korea, intelligent transportation systems can help significantly in reducing traffic congestion, preventing automobile idling, and subsequently in reducing fuel consumption and hence greenhouse gas emissions.

The growing volumes of data involved in transportation management are driving the need for more sophisticated data processing solutions. As such, intelligent transportation systems are leveraging AI to track data in real-time and optimize efficiency. International Business Machine’s Watson is an example of the implementation of artificial intelligence (AI) in transportation management to identify damages to logistics assets leveraging cognitive visual recognition capabilities and to manage the network and optimize routes leveraging predictive analysis.

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Intelligent Transportation System Market Report Highlights

• The Advanced Traveler Information System (ATMS) segment is anticipated to register considerable growth over the forecast period. ATMS provides traffic management solutions that can potentially improve road safety while enhancing traffic flows and mobility. Traffic management solutions offer real-time data that can help in analyzing and responding to emergencies immediately
• The traffic management segment accounted for the largest market share of over 30% in 2020 and is expected to continue dominating the market over the forecast period. The increase in travel time and hence the fuel consumption and the subsequent monetary losses stemming from traffic congestions are driving the necessity for implementing efficient traffic management systems. Traffic management systems also help in enhancing the operational performance and reliability of road networks
• The North America regional market is anticipated to reach USD 16.13 billion by 2028. The regional market is expected to continue dominating the global market over the forecast period leveraging the advances in telecommunications technology and the aggressive investments in research and development, deployment, and adoption of intelligent transportation systems across the U.S.

List of Key Players of Intelligent Transportation System Market

• Addco
• Agero, Inc.
• DENSO CORPORATION
• EFKON GmbH
• Hitachi, Ltd.
• Garmin Ltd.
• Thales Group
• Xerox Corporation
• Recardo
• Sensys Networks, Inc.
• Telenav, Inc.
• Iteris, Inc.
• Kapsch TrafficCom
• Lanner
• Nuance Communications, Inc.
• Q-Free ASA
• Siemens AG
• TomTom International BV
• TransCore

Access Press Release of Intelligent Transportation System Market @ https://www.grandviewresearch.com/press-release/global-intelligent-transportation-systems-its-market

Warehouse Execution System Market is Predicted to Observe a Tremendous Growth, With a CAGR of 14.2% From 2021 To 2028: Grand View Research Inc.

San Francisco, 26 July 2021: The Report Warehouse Execution System Market Size, Share & Trends Analysis Report By Component (Software, Service), By Deployment (On-premises, Cloud), By End-user (Consumer Electronics, Automotive), By Region, And Segment Forecasts, 2021 – 2028

The global warehouse execution system market size is expected to reach USD 2.97 billion by 2028, registering a CAGR of 14.2% from 2021 to 2028, according to a new report by Grand View Research, Inc. The E-commerce market is growing at a rapid pace, increasing the number of operations in Distributions Centers (DCs). Increasing order volume and speed is facilitating the adoption of advanced software solutions in warehouses, which is escalating the demand for Warehouse Execution Systems (WES) in the market.

Warehouse execution system software offers several functionalities that include labor management and planning and inventory management. Companies that implement WES into their warehouses/distribution centers majorly utilize these two functions of WES. Moreover, the software also encompasses real-time analytics and reporting functions enabling users to visualize operational and labor data in real-time.

WES can be a perfect single solution for several warehouses; however, it may not be suitable for warehouses with larger and complex operations. In such cases, the replacement of the existing WMS solutions may not be a feasible option. Therefore, WES can be integrated within the existing WMS. The ability of WES solutions to be implemented with WMS or WCS software makes it a practical solution for large warehouses or DCs. Moreover, as companies are increasingly adopting various automation technologies to suffice the increasing operational activities, advanced software solutions such as WES are also gaining traction in the market.

Further, due to the stringent government regulations, it is becoming crucial that manufacturers and distributors focus on not supplying damaged products to the end-users. Damaged or contaminated products may result in product recall scenarios, thereby degrading the brand value. Such instances are reduced by the implementation of a warehouse execution system as it encompasses the traceability feature, which indicates the presence of damaged products in the inventory.

The increased burden on the warehouses due to the outbreak of the COVID-19 pandemic has motivated distributors and logistics providers to adopt various automation technologies. The advanced features of the WES software and the combined benefits of WMS and WCS offered by the software are resulting in the increased adoption of WES among the various industries, including healthcare, automotive, food & beverage, among others.

Access Research Report of Warehouse Execution System Market @ https://www.grandviewresearch.com/industry-analysis/warehouse-execution-system-market

Warehouse Execution System Market Report Highlights

• The market is majorly driven by the growing need to improve the efficiency of the warehouses and distribution centers
• The software segment accounted for the largest revenue share of more than 68% in 2020. This is primarily attributable to the cost and operational benefits such as enhanced productivity and improved visibility, among others, offered by the WES software
• The cloud-based deployment segment held the majority share in the market and is also projected to register the fastest CAGR over the forecast period. Cloud-based systems reduce the upfront cost of software implementation to a significant level which is contributing to the high revenue share and growth
• The third-party logistics (3PL) segment held the largest share in the market in 2020. The high growth of the e-commerce industry and the subsequent increasing complexity of the logistical operations are contributing to the segmental growth
• Some of the prominent players in the WES market include Honeywell International Inc.; SSI SCHAEFER; Manhattan Associates; Fortna Inc.; and Bastian Solutions, LLC

List of Key Players of Warehouse Execution System Market

• Honeywell International Inc
• Fortna Inc.
• SSI SCHAEFER
• Manhattan Associates
• Bastian Solutions, LLC
• VARGO
• Matthews International Corporation
• Invata Intralogistics
• Softeon
• WESTFALIA TECHNOLOGIES, INC.

Access Press Release of Warehouse Execution System Market @ https://www.grandviewresearch.com/press-release/global-warehouse-execution-system-market