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 global ground handling systems market size was valued at USD 4.33 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.0% from 2023 to 2030. Increasing globalization has significantly increased global air traffic, which in turn has elevated the importance of ground support operations at airports.
Read More »October 11, 2023
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
Grand View Research’s bicycle sector data book is a collection of market sizing information & forecasts (2017-2030), key players’ competitive benchmarking analysis, government regulatory data, macro-environmental analysis, and technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
Read More »July 17, 2023
The global rolling stock market size was estimated at USD 64.10 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. Increasing investments in the railway infrastructure and the growing adoption of advanced digital solutions are key factors driving the rolling stock market growth. Rolling stock vehicles, including locomotives, freights, wagons, and rapid transit vehicles play a major role in facilitating reliable, comfortable, and cost-effective transportation for passengers and transporting goods across long distances.
Read More »February 5, 2024
The global railway wiring harness market size was valued at USD 2.5 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2020 to 2027. 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 »August 4, 2023
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 automotive metals market size was estimated at USD 167.45 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2030. Stringent regulations aimed at reducing carbon emissions from the automotive industry are driving the demand for lightweight metals like aluminum and magnesium in the forecast period.
Read More »January 11, 2024