Table Of Contents
- Automotive and Transportation Domain: A Quick Look at AMR’s Top 10 Published Studies in 2024
- Luxury Shuttle Bus Market
- Vehicle Retarder Market
- Automotive ECU Market
- Reverse Logistics Market
- Automotive Electric Vacuum Pump Market
- Dump Truck Market
- Switch Reluctance Motor Market
- Safety Signs Market
- Automotive Ancillaries’ Products Market
- Automotive Bumper Market
- Winding up
Lalit Janardhan Katare
Koyel Ghosh
Automotive and Transportation Domain: A Quick Look at AMR’s Top 10 Published Studies in 2024
Automotive and Transportation Domain: A Quick Look at AMR’s Top 10 Published Studies in 2024
In the last few years, the transition toward electric mobility has completely transformed the landscape of automobile manufacturing. Moreover, the growing importance of supply chain resilience has led to a surge in investments in logistics and transportation technologies. Both these factors have impacted the automotive and transportation domain in 2024. As per a study by Allied Market Research, certain markets have played a significant role in the expansion of the landscape in 2024. The top 10 published markets throw light on the contribution of the leading industries to the growth of the domain.
Luxury Shuttle Bus Market
The AMR report on the luxury shuttle bus market offers a unique perspective on the impact of the COVID-19 pandemic on the industry. The study involves the analysis of supply chain dynamics, technology integration, and strategies adopted by key players for demand revival. The primary aim of the exercise is to help companies understand how multinational corporations operate during a crisis, thereby helping them formulate their expansion plans.
The luxury shuttle bus industry, as per the AMR report, has witnessed huge growth in 2024. The growing demand for shuttle buses by tourism companies has created favorable conditions for the growth of the landscape. Additionally, the development of electric and hybrid buses is predicted to impact the market positively in the coming period.
Vehicle Retarder Market
The vehicle retarder market report by AMR highlights the latest advancements, developments, and upcoming trends in the industry. The study provides insights into these dimensions to help businesses stay updated about the recent happenings in the landscape, thereby offering them a competitive advantage over their peers.
According to the report, the rising demand for heavy commercial vehicles has accelerated the industry’s growth rate and success in 2024. Moreover, the overall expansion in the mining and construction sectors is anticipated to bring numerous growth opportunities in the industry. The market accounted for $2.7 billion in 2023. The landscape is estimated to gather a revenue of $5.5 billion by 2033, citing a CAGR of 7.4% during 2024-2033.
Automotive ECU Market
The AMR study on the automotive ECU market emphasizes the leading growth drivers, market restraints, and investment opportunities in the industry. The actionable data and market intelligence offered in the report enable companies to make the right investment decisions in the long run.
The global automotive ECU market is anticipated to gather a revenue of $257.7 billion by 2035. The industry was valued at $114.3 billion in 2023 and is estimated to rise at a CAGR of 7.3% during 2024-2035. The growing demand for advanced driver assistance systems in the field of automobile manufacturing is predicted to become the major factor influencing the rise of the market. Moreover, technological advancements in automotive electronics and connectivity have broadened the scope of the industry in 2024.
Reverse Logistics Market
The market research report on the reverse logistics industry provides an in-depth analysis of the performance of the landscape in various regions including Asia-Pacific, LAMEA, Europe, and North America. Almost all the significant cultural, demographic, administrative, political, legal, and socioeconomic factors impacting the market are studied in this regional analysis.
Additionally, the AMR report on the reverse logistics market is projected to grow at a CAGR of 4.3% during 2023-2032. The industry accounted for $630.9 billion in 2022 and is predicted to amass a sum of $947.7 billion by 2032. The overall expansion of e-commerce platforms has strengthened the foothold of the industry globally. Along with this, the integration of innovative technologies such as IoT-enabled connected devices has maximized the revenue share of the landscape in 2024.
Automotive Electric Vacuum Pump Market
Allied Market Research recently published a report on the automotive electric vacuum pump market which highlights the leading factors responsible for the growth of the industry. Along with this, the competitive scenario in the landscape is also covered with the help of scientific analytical tools such as Porter’s five forces.
As per the report, the industry, which accounted for $1.3 billion in 2023, is anticipated to register a revenue of $1.8 billion by 2033, rising at a CAGR of 3.7% during 2024-2033. The increasing demand for fuel efficiency and vehicle durability is expected to play a major role in augmenting the growth rate of the landscape. Furthermore, the transition toward electric vehicles and the imposition of stringent regulations by several governments across the globe have impacted the market positively.
Dump Truck Market
The AMR report on the dump truck market provides an extensive study of the strategic alliances and product launches by leading companies in the industry. All the significant events, including mergers, acquisitions, partnerships, and collaborations are studied as part of this exercise. The report, thus, aims to aid new industry participants in formulating their strategies as per the evolving market dynamics.
The global dump truck industry is anticipated to gather a sum of $39.3 billion by 2033. The landscape was valued at $19.5 billion in 2023 and is estimated to rise at a CAGR of 7.5% during 2024-2033. The gradual shift toward environmental sustainability has surged the demand for electric dump trucks, thus opening new avenues for growth in the industry in 2024. Furthermore, the growth in the number of mining, construction, and infrastructure development activities is projected to boost the revenue share of the industry in the coming period.
Switch Reluctance Motor Market
The switch reluctance motor market report by AMR throws light on the various segments of the landscape based on product type, operating power, and end-user. Each of these segments is analyzed holistically to help businesses focus on the key investment areas and ultimately expand their customer base across the globe.
As per the market study, the switch reluctance motor industry is projected to reach $978.6 million by 2033. The landscape accounted for $566.0 million in 2023 and is expected to rise at a CAGR of 6% during 2024-2033. The growing applicability of switch reluctance motors in various end-use industries such as aerospace, automobile manufacturing, and industrial automation is estimated to bring investment opportunities to the market. Furthermore, the growing adoption of EVs has helped the market flourish in 2024.
Safety Signs Market
The safety signs market study places special emphasis on the performance of the industry in various provinces of North America, LAMEA, Europe, and Asia-Pacific. The various governmental regulations, behavioral patterns, and other such factors are analyzed thoroughly in the regional analysis, thus assisting companies in designing their growth strategies effectively.
The growing investments in connected infrastructure by developed and developing countries such as the US, China, India, the UK, Germany, Japan, Brazil, etc., have created numerous growth opportunities in the industry in 2024. Additionally, technological advancements in computer vision are estimated to contribute to the rise of the industry in the coming period. As per the report, the landscape, which accounted for $2.5 billion in 2023, is predicted to grow at a CAGR of 5% during 2024-2032 and amass a sum of $3.8 billion by 2032.
Automotive Ancillaries’ Products Market
Recently, Allied Market Research published a report on the automotive ancillaries’ product market which provides a detailed analysis of the evolving industry dynamics. The upcoming trends, latest advancements, and changing consumer preferences are analyzed holistically in this study. The primary motive of such an exercise is to enable companies to align their business operations as per the transforming market scenario.
The global automotive ancillaries’ products market is anticipated to reach a revenue of $28,583 million by 2032. The industry accounted for $15,380 million in 2022 and is projected to rise at a CAGR of 6.6% during 2023-2032. The significant surge in the number of automotive sales in the post-pandemic period has played a huge role in the growth of the industry in 2024. Furthermore, a shift toward vehicle electrification and hybridization is predicted to create favorable conditions for market expansion in the coming period.
Automotive Bumper Market
The AMR report on the automotive bumper market focuses on the competitive scenario in the landscape and highlights the various stakeholder actions influencing the industry dynamics. With the help of scientific analytical tools such as Porter’s five forces and primary research methods, the study offers profiles of the top companies to aid new businesses in developing a complete understanding of the landscape.
The report states that the market accounted for $18.8 billion in 2022 and is estimated to gather a sum of $28 billion by 2032, rising at a CAGR of 4.2% during 2023-2032. The trend toward lightweight automotive components is anticipated to help the industry flourish in the coming period. Moreover, the overall growth in the number of vehicle sales has strengthened the foothold of the market worldwide.
Winding up
The AMR newsletter on the top 10 published studies in 2024 presents a comprehensive overview of the leading industries in the automotive and transportation domain. These reports offer market intelligence on the various factors impacting the markets and help companies make sound investment decisions in the long run. The study also aims to enable new entrants to formulate holistic strategies to enhance their brand value and ultimately compete with multinational corporations with ease.
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