Automation

  According to  BlueWeave Consulting , the  India elevator market  was worth  USD 269.9 million in 2020 and is expected to reach USD 330.7 million by 2026, progressing at a CAGR of 3.71% during the forecast period (2021-2026). The industry's major growth drivers are increasing urbanization, rising demand for high-rise buildings, and government initiatives such as 100  Smart Cities  and AMRUT ( Atal Mission for Rejuvenation and Urban Transformation ) cities. Additionally, the government's emphasis on modernizing airports and railway stations during the forecast period is expected to drive the elevators market in the country.   Implementation of Advanced Technology in the Elevator & Escalator (E&E) Sector   The emerging concepts of smart connected building, along with the implementation of the  internet of things (IoT)  are expected to favor the elevator market growth in India in the near future. Moreover, the evolution and fo...

  A recent study conducted by the strategic consulting and market research firm,   BlueWeave Consulting , revealed that the United States tire market was worth USD 63.8 billion in the year 2021. According to the study, the market is estimated to grow at a CAGR of 6.8%, earning revenue of around USD 99.6 billion by the end of 2028. The growth of the   United States tire market   can be attributed to increasing demand for passenger and light vehicles for private and certain commercial uses. Additionally, the expanding manufacturing and production industry is also propelling the demand for medium and heavy-duty vehicles, which is anticipated to fuel the demand for tires across the USA during the forecast period. Furthermore, tire brands in the United States are also focusing on launching innovative products, such as smart tires with sensors, which is estimated to present lucrative growth opportunities to the United States tire market during the forecast period. However,...

  A study recently conducted by the strategic consulting and market research firm,  BlueWeave Consulting , revealed that the  global tractor market  was worth USD 67.4 billion in 2021 and is further projected to reach USD 98.0 billion by 2028, at a CAGR of 4.4% during the forecast period (2022-2028).  The global tractor market is being driven by several factors, including increasing farm mechanization rates, increasing automation in agriculture industry, rising labor costs, seasonal labor shortages, and shorter tractor replacement cycles. The emergence of organic farming and growing demand for food products around the world have also supported the growth of the global tractor market. Additionally, the integration of AI into agricultural equipment and the emergence of Farming 4.0 is expected to create lucrative growth opportunities for the global tractor market during the forecast period. Rising food demand due to growing population is driving the growth of the g...

  A recent study conducted by the strategic consulting and market research firm,   BlueWeave Consulting , revealed that the   Japan electric vehicle market   is estimated to grow at a CAGR of 16.2% during the forecast period of 2022-2028. Japan’s electric vehicle market is flourishing at a high rate owing to the high concentration of EV manufacturers in this region, such as Mitsubishi, Suzuki Motor, Cocoa Motors, etc. These manufacturers are significantly launching new electric vehicles with advanced features. Additionally, they are focusing on improving battery efficiency, which is anticipated to boost the adoption of EVs in Japan during the forecast period. However, the lack of sufficient charging stations may act as a huge restraining factor for the growth of Japan electric vehicle market. Advancements in Efficiency of EV Battery is Driving Japan Electric Vehicle Market Compared to conventional vehicles, an electric vehicle converts over 77% of electric energy fro...