The global cargo shipping market is expected to gain significant demands and the market is mainly driven by global economic growth. In the past decade, this market has fared quite productively. Depending on the cargo and the type of storage, loading, receiving and securing it would require different types of ships for transportation. Investments in port infrastructure and the global supply-command cycle will have a positive impact on the shipping market.
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The ground handling system market size was estimated at USD 97.82billion in 2014. Increasing globalization has significantly increased the global air traffic, which in turn has elevated the importance of ground support operations at airports.
Read More »April 11, 2016
The global assisted walking devices market size was valued at USD 3.4 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 6.6% during the forecast period. Key factors attributed to the growth are the overwhelming geriatric population figures, rise in prevalence of target diseases, such as arthritis, and Parkinson’s disease, and rise in the total number of surgical operations globally.
Read More »May 23, 2022
The global train market size was valued at USD 66.4 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) 3.8% from 2022 to 2028. Technological developments and expansion of rail network across the world are the major drivers to the train market.
Read More »May 10, 2022
The global rolling stock market size was valued at USD 61.5 billion in 2022 and is projected to expand at a compound annual growth rate of 6.0% from 2023 to 2030. Rolling stock such as wagons, locomotives, freights, and rapid transit vehicles plays an integral role in facilitating comfortable, reliable, and cost-effective transportation for passengers and transporting goods across long distances. The rolling stock demand has witnessed an increase in the forecast period owing to an increase in the adoption of public transport such as local trains, passenger trains, and metros.
Read More »February 23, 2023
The global railway wiring harness market size to be valued at USD 5.0 billion by 2027 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% during the forecast period. Wiring harnesses are mainly used for transmitting electric power and signals from the source to the given system safely and therefore is a crucial factor in the railway infrastructure. With the implementation of the wiring harness, safe power transmission with minimum leakages can be assured.
Read More »June 23, 2022
The global automotive steel market was valued at USD 104.47 billion in 2018 and is expected to witness a CAGR of 3.2% from 2019 to 2025. Increasing demand to reduce the weight of automobiles is expected to positively contribute in the industry growth. The automotive industry faces numerous challenges including carbon dioxide (CO2) emissions. Weight reduction in different vehicles can help to achieve improved fuel efficiency, creating less impact on the environment. Materials such as metal composites and hot forming steel have immense potential to cut the weights in vehicles.
Read More »September 10, 2019
The global cargo bicycles market size was valued at USD 1,838.3 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 22.3% from 2022 to 2030. Increased demand for fleets for freight delivery, coupled with the need for environmentally safe transport alternatives, has propelled the demand for cargo bikes in urban areas.
Read More »June 8, 2022
The global chemical tanker shipping market size was valued at USD 2,072.6 billion in 2016. The high concentration of chemical production and increasing demand across the globe is mostly responsible for market growth. Shale gas evolution is one of the significant factors positively influencing the market growth. Although exports in 2015 showed a decreasing trend in light of appreciated dollar rates and global economic slowdown, the export market is expected to pick up over the coming years.
Read More »November 15, 2017
The global automotive metal market size was worth USD 84.66 billion in 2016. Growing demand for vehicles coupled with abundant raw material availability are the key factors for the growth globally. In addition, government efforts to enhance the manufacturing capabilities in the emerging economies are anticipated to positively affect the market over the forecast period. The sector has been witnessing significant development in terms of materials as well as technologies used for the manufacturing of vehicle components.
Read More »August 10, 2017