Research Report

  Marine life rafts are small inflatable rescue boats designed to keep distressed passengers afloat. These small sized rafts are carried within larger ships and boats, deployed immediately whenever an emergency arises. Some of the marine life rafts, also known as rigid life rafts, are usually pressurized and contained within airtight canisters, conveniently placed at the outer deck of the ship, which aids in easy and faster deployment of the life rafts. Owing to tighter regulations formed over the years for the purpose of improving marine safety, life rafts are a common fixture on ships and boats. Its penetration rate is anticipated to improve in the upcoming years by increasing the minimum number of marine life rafts to be present in the ships. SOLAS or International Convention for the Safety of Life at Sea is the prime regulatory body and treaty governing the usage of marine life rafts on ships and boats. The prime functional requirements of a marine life rafts include

 According to a recent study, the global boat hook market is predicted to shape up with a CAGR of 3% to 5% between 2022 and 2032. Increasing boating activities fueled by the increase in use of recreational boats is expected to boost the demand for boat hooks. What is Driving Demand For Boat Hook A boat hook is a boating accessory. Its most common use is as a docking and undocking assistance. Although it may resemble a pike pole, it must have a blunt point for undocking and a hook for docking. It may also have a line attached to the opposite end for this purpose, which may be supplied with a ring. The typical boat hook has received a number of improvements that have increased its utility. Many of them make it simple and safe for boaters to attach a line to a dock cleat, ringed mooring buoy and mooring ring. The typical boat hook’s utility will be much increased, and berthing will be greatly simplified. Some systems may be equipped with carbine hooks, which can be used to r

 The sales in the global automotive anti-lock braking system (ABS) motor market are projected to rise at a remarkable CAGR of 8% to 9% CAGR during the assessment period between 2022 and 2032. The anti-lock braking system (ABS) is an automotive braking system that is widely used as a safety major in automobiles that helps the vehicle maintain steering control and prevents the wheels from locking up. The major safety control of Anti-lock braking system is to maintain tractive force with the road, to prevent the vehicle from skidding and avoid accidents. Automotive ABS Motor is a vital part of ABS hydraulic control unit in ABS. The automotive ABS Motor is responsible to build up the pressure against the braking force and revert the valves to closed position to avoid wheel lock up. Automotive ABS Motor adjusts the hydraulic amount of the brake fluid to control the speed of each wheel as per required output. Growth in Automotive ABS market is directly proportional to the growth

Sales of used bikes through bike marketplaces are predicted to witness a moderate growth rate of 4.8% during the forecast years of 2022 to 2032. The net worth of the bike marketplace is expected to reach US$ 2.5 Billion by the year 2032, increasing from US$ 1.53 Billion in the year 2021. Consumers benefit from the used bike marketplace since they are more affordable than the newly released bikes and in terms of maintenance. Moreover, worsening traffic conditions are said to be a major determining factor for the expansion of the used bike market trends at some level. Furthermore, the growing number of everyday commuters in urban areas is indirectly augmenting the sales of used bikes through bike marketplace opportunities for dealers. Sales of used bikes through bike marketplaces are mostly found to be proliferating around the used luxury bikes as it provides vendors with a larger profit margin after the sale. Further, OEM engagement in the sales of used bikes through marke

  Automatic Emergency Braking Market to Grow by 2.1x, Surpassing US$ 63.5 Bn by 2032 Over the forecast period of 2022-2032, the automatic emergency braking market is expected to grow at a CAGR of 8.0% , exceeding US$ 63,591.7 Mn by 2032. Growing passenger vehicle fleet in East Asia will fuel significant growth in the reginal automatic emergency braking market. This is expected to rise at a CAGR of 10.2% over the projected period. By 2022, the region is expected to produce 33 million passenger vehicles, accounting for more than half of all passenger vehicle production worldwide. The market for automatic emergency braking is expected to witness traction, thanks to increased use in single and multi-directional braking. Market demand is driven by factors such as strict government regulation on car safety, growing safety concerns among drivers, and higher expenditure on modern automotive functionalities like ADAS with an increase in disposable income. Government bodies are in

  Electric Vehicle Sensors Market to Surpass US$ 37.1 Bn by 2032 Amid High Adoption of ADAS in Passenger Vehicles The global electric vehicle sensor market is anticipated to expand at a CAGR of 16.6%, reaching a valuation of more than US$ 37.1 Bn by 2032. Key factors driving demand for EV sensors include rising global electric vehicle production, the establishment of stringent regulatory rules, growing demand for vehicle electrification, and increasing preference for comfort and safety in vehicles. Electric vehicles have developed throughout time as a result of technological advancements. These vehicles now include upgraded electronics that are powered by the vehicle's battery pack for a variety of purposes. Technical advancements include changes in temperature, current, and pressure. Changes in temperature and load have been proved to be a concern for electric vehicles. As a result, they are constantly examined to guarantee that any change outside of their usual operat

 The three-wheel e-scooter market is expected to escalate at a CAGR of 2.4% from USD 1024.2 Million in 2022 to USD 1301.4 Million through 2032. The rising use of electric scooters throughout the world is driving the three-wheel e-scooter market's growth, primarily to outcomes such as lower noise levels, cheap servicing costs, and remarkable mechanical performance. Governments are also providing monetary and non-monetary incentives, which are driving the three-wheel e-scooter market forward. Consumers are becoming more aware of the ecological impact of traditional modes of transportation and are transitioning to electric vehicles. This is leading to a new opportunity in the changing three-wheel e-scooter market trends. However, various restrictions are limiting the demand for three-wheel e-scooter progress. The lack of charging points, as well as concerns with energy capacity and endurance, are some of the reasons limiting the development of the global three-wheel e-scoot

 The waterproof eScooter market is expected to escalate at a CAGR of 5.0% from US$ 5,106.2 Mn in 2022 to US$ 8,329.4 Mn by 2032. The COVID-19 pandemic had an adverse influence on the waterproof eScooter market share. Due to imposed lockdowns and strict regulations to stay inside the home, and a reduction in consumer spending on non-essential items, the sales of waterproof eScooter decreased. According to FMI analysts, more than 71% of eScooter models have water resistance ratings. (This is an increase from 40% in 2021). It's crucial to note, however, that the level of protection provided by these classifications varies. Due to these characteristics, the sales of waterproof eScooter are on the rise. During the forecast period, sales of waterproof eScooter are expected to grow at the fastest rate. Higher performance (both speed and range), a stronger stem clamp, 4th generation frame, updated multi-switch, turn signals, motorcycle-grade horn, a footrest that acts as a gr

 As per the study at FMI, the used E-Scooter market was valued at US$ 671.2 million in 2022 and is expected to reach US$ 919.7 million by 2032, growing at a 3.2% CAGR. People are turning towards electric vehicles as they help with environmental concerns, technological integrations and new fuel and cost-friendly prospects, fuelling the sales of used e-scooter in new regions.   Expanding components of electric vehicles and structuring the basic transmission of e-scooters are shaping the trends for the used e-scooter market.  Aggressive pricing and cashback discounts coupled with online platforms coming up with wide segmentation that gives the end-user an enlarged analysis of the products that are industry-specific, fuelling the demand for used e-scooter in multiple regions.  Manufacturers are integrating with innovative platforms like Artificial Intelligence, Machine learning, and the internet of things (IOT), making the vehicles more advanced and futuristic. Lucrative gover

 During the projection period of 2022 to 2032, the hybrid E-scooter market is expected to develop at a modest CAGR of 3.9% through 2032. The worldwide hybrid E-scooter market is expected to be worth around US$ 3692.4 Million by the end of 2032, up from a net worth of US$ 2518.6 Million in 2022. The worldwide impact of COVID-19 on hybrid E-scooter market growth has been unprecedented and devastating, causing myriad disruptions, with demand for hybrid E-scooter suffering across all areas as a result of the epidemic. The high increase in CAGR is due to the demand for hybrid E-scooter and hybrid E-scooter adoption trends, which will revert as COVID-19 appears to be moving to endemicity levels. Therefore we may witness a flood of investment into projects to decarbonize and renew critical infrastructure. During the projection period, the growing demand for fuel-efficient automobiles, along with growing concerns about greenhouse gas and carbon emissions, is expected to increase

 The folding e-scooter market is expected to escalate at a CAGR of 2.6%, from USD 626.8 million in 2022 to USD 806.3 million through 2032. The COVID-19 pandemic has impacted the broader automotive industry, resulting in a subsequent drop in growth of the folding e-scooter market. However, government agencies' strict emission rules, like emission standards for greenhouse gas (GHG) emissions, are propelling the folding e-scooter market share. Increasing monetary and non-monetary incentives are assisting in the adoption of folding e-scooters. The recent folding e-scooter market trend is the demand for sustainable urban mobility and contemporary transportation infrastructure, which is pushing the transition from traditional to electronic forms of transportation. Folding e-scooters are projected to have a positive influence on energy security and air quality. Cities all over the world are preparing for a new era of urban mobility centered on the concept of using sustainabl

  Compact E-Scooter Market by Type, Load Variation, Battery Type, Voltage, Distribution Channel, Age & Region Forecast for 2022 to 2032 The compact e-scooter market size accounted for about US$ 626.8 Million in 2022 and is anticipated to reach US$ 806.3 by 2032, advancing at a CAGR of 2.6% during the forecast period (2022-2032). As traffic congestion worsens in and around major cities, commuters are compelled to choose either expensive modes of transportation or homes near the workplace; the compact electric scooter is a modern necessity, thereby spiking the overall demand for compact e-scooters. The higher sales of compact e-scooters are contributed by those who do not live close to their workplaces and are forced to travel long distances resulting in an elevated transportation nightmare, leading many people to seek out smooth and efficient modes of transportation. The rising trajectory of compact e-scooter adoption trends is due to its advantages, including short

 The global off road all terrain e-scooter market is predicted to witness a moderate growth rate of 4.8% during the forecast years. The net worth of the off road all terrain e-scooter market share is expected to reach US$ 2.5 Billion by the year 2032, increasing from US$ 1.53 Billion in the year 2021. Global concern over the increasing amount of polluting emission gases and deteriorating urban air quality have ushered in a new era for electric scooter and vehicles in the global market. In line with such encouragement, there has also been a growing trend in sales of electric scooter for rough terrains across the world in recent times. Greater performance parameters and lightweight design are the precursors to the growing demand for off road all terrain e-scooter in the global market. The popularity of off road biking events is poised to be an instrumental factor in determining the off road all terrain e-scooter market opportunities in the coming days. Several government i