Research Report

 The electric kick scooter market will register soaring growth in 2021 with global revenue projected to be up by  9.8%  year over year. As per Future Market Insights analysis, electric kick scooter sales will nearly triple between 2021 and 2031, reaching  US$ 6.5 billion  in 2031 at a ten-year compound annual growth rate (CAGR) of  11.5% . Some of the leading companies manufacturing electric kick scooters are Xiaomi Corporation, Bird Rides Inc., Niu International, Spin, YADEA Technology Group Inc. and others. As per Future Market Insights, over  30.5%  of the market is currently covered by the top 10 players. The introduction of advanced electric kick scooters with innovative technology and long-lasting batteries is expected to propel demand for electric kick scooters in the coming years. As per a recent report by Future Market Insights,  electric kick scooter market  is set to be valued at US$ 2,215.7 Mn in 2021. The increase in the demand for sustainable transportation opti

 Revenues generated in the ground support segment of the North America  underground mining vehicle market  grew by 4.4% CAGR in 2021. Demand for production equipment segment increased by 3.9% between 2020 and 2021, registering year-on-year growth (YoY) of 4.2% in 2021, according to the Future Market Insights’ (FMI’s) report titled: Underground Mining Vehicle Market-North America Industry Analysis, 2016-2020 and opportunity Assessment, 2021-2031. Rapid improvement in coal, precious and rare-earth minerals mining coupled with increasing investments in capital equipment are the key factors driving the growth of underground mining vehicle market during the forecast period. As per Future Market Insights, the underground mining vehicle market is projected to be valued at ~US$ 1.9 Bn in 2021, expanding at a CAGR of ~5.0% over the forecast period of 2021-2031. Unprecedented outbreak of COVID-19 pandemic has caused severe impact on the North America’s economy. Key Takeaways of Unde

 As per a Future Market Insight (FMI) analysis, the automotive body in white demand is expected to rise at a year-on-year (YoY) growth of  3.1% , reaching  US$ 59.7 billion  in 2021. The increasing demand for passenger vehicles will drive the automotive body in white sales at  3.4% CAGR  over the forecast period from 2021 to 2031. Automotive body in white market is set to be valued at  US$ 59.66  Bn in 2021, with a lucrative long-term projection, according to latest study conducted by Future Market Insights (FMI). The rising demand for sustainable means of transportation is expected to propel the  automotive body in white market  growth. Some of the leading manufacturers are focusing on providing high quality body in white and are expected to invest in new technologies and advanced manufacturing procedures in order to stay ahead of the competition. The rise in the automotive production globally is expected to drive the demand for body in white during the forecast period. Governm

 The global  UHP tires market  is projected to reach a valuation of  US$ 10.41 Bn  in 2021. Increasing demand for high performance vehicles in the automotive sports sector is expected to push sales of UHP tires at  10.9% CAGR , with the market valuation reaching US$ 23.32 Bn in 2031. Rapid expansion of the automotive sector is resulting increasing sales of sports cars, SUVs, and light trucks across the globe. These vehicles are expected to offer optimal performance in all weather conditions, which in turn is spurring demand for ultra-high performance tires. Besides this, shifting consumer preference towards high performance automotive components backed by rising disposable income is creating lucrative growth prospects for UHP tires market players. As per FMI’s regional analysis, the U.S. is anticipated to dominate the North America UHP tires market. Growth can be attributed to strong presence of key automotive players in the U.S., along with rapid adoption of new technolog

 Global sales of  two wheeler components & consumables  are set to be valued at over  US$ 26.1 Bn in 2021 , as per Future Market Insights (FMI). The market is poised to expand at over  7.8% CAGR  due to the growing sales of two wheelers worldwide. According to Future Market Insights, increasing adoption of two wheelers for personal use is setting the demand high for aftermarket components and consumables for two wheelers. Sales of two wheelers are increasing at a robust pace across developing countries such as India, Indonesia, Vietnam, and Brazil. Coupled with this, the increasing demand for components and consumables for two wheelers in China, Japan, the U.S. and Germany will create lucrative growth opportunities for the market. As per the study, Asia Pacific will hold the largest share of  57.1%,  followed by Europe with  21.8%  through 2031. The two wheeler components & consumables aftermarket observed slight decline in sales volume in 2020 due to the outbreak of

 According to Future Market Insights (FMI), over the forecast period from 2021 to 2031, the global  cargo bike tire market  is projected to grow at a CAGR of  12.2% . Key factors driving the cargo bike tire market are higher life-span offered by cargo bikes, rise in the number of miles being ridden by cargo bikes each year, increasing concern towards safety and maintenance, and technological advancements to offer better grip and performance of tires. As city streets keep clogging up at a rapid speed, cargo bicycles have emerged as one of the most productive and advantageous methods of transportation for cargo firms. Driven by this the sales of cargo bikes will pick up pace globally and this trend will continue through the course of the forecast period. Steered by implementation of stringent emission control norms, the market players are focusing in on the production of electric cargo bike. Various players working in the cargo bike tire industry are expected to expand their

 As per Future Market Insights analysis, the two wheeler accessories aftermarket is projected to be valued at US$ 17.1 Bn in 2021, expanding at a CAGR of 8.6% over the forecast period of 2021-2031. Rising traffic issues on roads due to congestion caused by four-wheelers or heavy vehicles is expected to remain a key factor driving the growth of the two wheeler accessories aftermarket throughout the forecast period. The ongoing crisis caused by COVID-19 pandemic has caused severe impact on the global economy. It has resulted in complete shutdown of the supply chain networks and manufacturing activities. This has subsequently affected the two wheeler accessories aftermarket causing a significant fall in the market growth. However, two wheeler accessories aftermarket is expected to recover sharply as the economic activity resumes post the containment of pandemic. Two wheeler accessories are increasingly adopted across the world. Demand is expected to remain high especially in