2025-01-09 13:29:08
Automotive
Transportation
Technology

Rapid Growth in Europe's Electric Mobility Sector

The electric vehicle market in Europe is experiencing remarkable growth, set to expand from $165.12 billion in 2023 to an impressive $395.56 billion by 2030. This surge, driven by a compound annual growth rate (CAGR) of 13.29%, highlights the increasing prevalence of hybrid, plug-in hybrid, and battery electric vehicles.

The commercial sector will likely lead this expansion, fueled by rising fuel costs and stringent pollution regulations. Significant players in this arena include Tesla, Volkswagen, and Hyundai, among others.

Additionally, the cargo bike market is also thriving, projected to grow at a 14.47% CAGR, catering to various transportation needs. Innovations in connected car technology, fueled by IoT and 5G advancements, will further shape the automotive landscape, with a forecasted market value of $95.44 billion by 2029. Meanwhile, the e-rickshaw segment is gaining traction, particularly in urban settings, supported by government incentives.

Overall, the electric mobility sector is not only transforming transportation but also propelling economic growth and sustainability initiatives across Europe.

openpr
9. Januar 2025 um 02:35

Lead Acid Battery Market Set to Achieve USD 6.54 Billion by 2030 with Steady 4.51 Percentage CAGR Growth

Environment
Technology
Lead acid battery market segmented by product type (flooded, sealed SLA) and end-use (automotive, industrial, stationary, telecom, utilities, manufacturing, commercial/residential); widespread applications drive steady 4.51% CAGR growth to $6.54B by 2030.
openpr
9. Januar 2025 um 02:09

Micromobility Market Analysis Predicts Expansion to USD 223.66 Billion by 2032

Finance
Environment
Economy
Technology
Micromobility market valued $61.55B in 2024, $223.66B by 2032 at 17.5% CAGR. Driven by venture capital, economic viability, consumer convenience. Mergers, growth in Vietnam, Thailand, Japan, South Korea, Singapore, US, Europe. Key regional developments reshaping urban mobility worldwide.
openpr
9. Januar 2025 um 04:47

Power Bank Market Projected to Hit USD 19.59 Billion by 2030 at 8.1 Percentage CAGR

Technology
Economy
Environment
Power bank market sees mergers and acquisitions, with companies expanding presence through strategic partnerships. Examples include Xiaomi and Samsung strengthening positions in Vietnam's growing market.
openpr
9. Januar 2025 um 07:04

Europe Winter Tire Market is anticipated to reach USD 9.46 billion by 2029, growing with a CAGR of 6.35% during the forecast period.

Finance
Economy
Europe Winter Tire Market forecast: $9.46B by 2029, 6.35% CAGR. Key players: Bridgestone, Continental, Goodyear. Segmented by vehicle. Advertising, media, research details. Report released 01-09-2025 08:04 AM CET. Free sample and full report analysis available.
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