Daimler AG

Automotive Market in GCC -- growth accelerating at 6.74% CAGR

Retrieved on: 
Thursday, August 18, 2022

According to the report, the market will observe an incremental growth of 346.37 thousand units between 2021 and 2026, accelerating at a CAGR of 6.74% during the forecast period.

Key Points: 
  • According to the report, the market will observe an incremental growth of 346.37 thousand units between 2021 and 2026, accelerating at a CAGR of 6.74% during the forecast period.
  • The report provides a comprehensive analysis of recent developments, new product launches, major revenue-generating segments, and market behavior across geographies.
  • Download Sample PDF Report Here
    The automotive market in GCC is fragmented due to the presence of many established vendors offering innovative products.
  • The automotive market in GCC is segmented as below:
    The demand for passenger cars in the market is growing at a faster pace.

LEGISLATION SIGNED INTO LAW TODAY IS EXPECTED TO ACCELERATE THE ADOPTION OF SPD-SMARTGLASS FOR ARCHITECTURAL AND AUTOMOTIVE SMART WINDOWS

Retrieved on: 
Tuesday, August 16, 2022

Woodbury, New York and Tel Aviv/Jaffo, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Today US President Biden signed into law legislation that is expected to accelerate the adoption of SPD-SmartGlass technology into both the architectural and automotive industries.

Key Points: 
  • Woodbury, New York and Tel Aviv/Jaffo, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Today US President Biden signed into law legislation that is expected to accelerate the adoption of SPD-SmartGlass technology into both the architectural and automotive industries.
  • Research Frontiers is the industry leader and inventor of fast-responding Suspended Particle Device (SPD) light-control technology for use in smart windows and other products.
  • The company sells SPD-SmartGlass products and technologies for the architecture, automotive, aeronautics, mass transit, and boating industries.
  • This production site is dedicated to producing 1,000,000 sqm of SPD material yearly for the automotive and architectural industries.

United Kingdom AI in Transportation Market Research Report 2022: Focus on Computer Vision, Context Awareness, Deep Learning, Natural Language Processing - Forecast to 2027 - ResearchAndMarkets.com

Retrieved on: 
Thursday, August 11, 2022

United Kingdom AI in transportation market is forecast to grow at brisk rate through 2027 on account of increasing road accidents and increasing awareness pertaining to safe driving.

Key Points: 
  • United Kingdom AI in transportation market is forecast to grow at brisk rate through 2027 on account of increasing road accidents and increasing awareness pertaining to safe driving.
  • The United Kingdom AI in transportation market is segmented by machine learning technology, process, application, offering, competitional landscape, and regional distribution.
  • To estimate and forecast the market size of United Kingdom AI in transportation market from 2022E to 2027F and growth rate until 2027F.
  • Company Profiles: Detailed analysis of the major companies present in United Kingdom AI in transportation market.

Lucid Appoints Steven David as Senior Vice President of Operations

Retrieved on: 
Wednesday, August 3, 2022

NEWARK, Calif., Aug. 3, 2022 /PRNewswire/ -- Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market with the award-winning Lucid Air, today announced the appointment of Steven David as Senior Vice President of Operations, reporting directly to Peter Rawlinson, Lucid's CEO and CTO. In this newly created role, Steven will lead operations encompassing supply chain, logistics, manufacturing, and quality. Mr. David brings decades of global experience and operational excellence from companies such as Stellantis and Chrysler, as he joins Lucid to build more efficient and scalable systems enabling the company to ramp production of its award-winning vehicles and expand its business worldwide.

Key Points: 
  • In this newly created role, Steven will lead operations encompassing supply chain, logistics, manufacturing, and quality.
  • "I am delighted to announce that Steven David has joined Lucid as Senior Vice President of Operations," said Peter Rawlinson, Lucid's CEO and CTO.
  • Mr. David will lead operations, including oversight for the expansion of AMP1, as well as future global operations locations.
  • The following leaders will report directly to Mr. David: Peter Hasenkamp, Vice President of Supply Chain; Peter Hochholdinger, Vice President of Manufacturing; Walter Ludwig, Vice President of Global Logistics; and Nic Minbiole, Vice President of Global Quality.

Trumble, Inc. Announces Mike Prins Has Joined the Company as Chief Executive Officer

Retrieved on: 
Wednesday, August 3, 2022

Trumble, Inc. announced Mike Prins has joined the firm as Chief Executive Officer.

Key Points: 
  • Trumble, Inc. announced Mike Prins has joined the firm as Chief Executive Officer.
  • Mr. Prins brings more than 30 years of experience focused on growth-stage companies leveraging advancements in operations, product development, technology, and strategic relationships.
  • Mike brings a wealth of experience, along with the relationships needed to grow REVEALs market-share and optimize our technology to reduce costly waste.
  • Trumble is a plant floor intelligence company and home to a factory AI solution, REVEAL which eliminates manufacturing costs by making plant floors work smarter.

Zero Emission Vehicle Market to Reach $1,201.76 Billion, Globally, by 2031 at 21.1% CAGR: Allied Market Research

Retrieved on: 
Tuesday, August 2, 2022

PORTLAND, Ore., Aug. 2, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Zero Emission Vehicle Market by Vehicle Type (BEV, PHEV, FCEV, Solar Vehicles), by Vehicle Class (Passenger Cars, Commercial Vehicles, Two Wheelers), by Price (Mid-Priced, Luxury), by Vehicle Drive Type (Front Wheel Drive, Rear Wheel Drive, All Wheel Drive), by Top Speed (Less Than 100 MPH, 100 to 125 MPH, More Than 125 MPH): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global zero emission vehicle industry generated $182.83 billion in 2021, and is estimated to reach $1,201.76 billion by 2031, witnessing a CAGR of 21.1% from 2022 to 2031.

Key Points: 
  • According to the report, the global zero emission vehicle industry generated $182.83 billion in 2021, and is estimated to reach $1,201.76 billion by 2031, witnessing a CAGR of 21.1% from 2022 to 2031.
  • Increase in concerns about environmental pollution, strict regulations regarding vehicle emission norms by governments, and rise in demand for fuel-efficient & high-performance vehicles drive the growth of the global zero emission vehicle market.
  • Amid lockdown and other restrictions, many market players deployed their zero emission vehicles for carrying out medical supply and essential goods.
  • Based on vehicle type, the BEV segment accounted for the largest market share in 2021, holding around three-fourths of the global zero emission vehicle market, and is expected to maintain its lead status by 2031.

Zero Emission Vehicle Market to Reach $1,201.76 Billion, Globally, by 2031 at 21.1% CAGR: Allied Market Research

Retrieved on: 
Tuesday, August 2, 2022

PORTLAND, Ore., Aug. 2, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Zero Emission Vehicle Market by Vehicle Type (BEV, PHEV, FCEV, Solar Vehicles), by Vehicle Class (Passenger Cars, Commercial Vehicles, Two Wheelers), by Price (Mid-Priced, Luxury), by Vehicle Drive Type (Front Wheel Drive, Rear Wheel Drive, All Wheel Drive), by Top Speed (Less Than 100 MPH, 100 to 125 MPH, More Than 125 MPH): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global zero emission vehicle industry generated $182.83 billion in 2021, and is estimated to reach $1,201.76 billion by 2031, witnessing a CAGR of 21.1% from 2022 to 2031.

Key Points: 
  • According to the report, the global zero emission vehicle industry generated $182.83 billion in 2021, and is estimated to reach $1,201.76 billion by 2031, witnessing a CAGR of 21.1% from 2022 to 2031.
  • Increase in concerns about environmental pollution, strict regulations regarding vehicle emission norms by governments, and rise in demand for fuel-efficient & high-performance vehicles drive the growth of the global zero emission vehicle market.
  • Amid lockdown and other restrictions, many market players deployed their zero emission vehicles for carrying out medical supply and essential goods.
  • Based on vehicle type, the BEV segment accounted for the largest market share in 2021, holding around three-fourths of the global zero emission vehicle market, and is expected to maintain its lead status by 2031.

Commercial Vehicle Global Market Report 2022: Market is Expected to Grow to $1,237.72 Billion in 2026 at a CAGR of 11.1% - Long-term Forecast to 2031 - ResearchAndMarkets.com

Retrieved on: 
Thursday, July 28, 2022

The main types in the commercial vehicle market include light commercial vehicles, heavy trucks, buses, and coaches.

Key Points: 
  • The main types in the commercial vehicle market include light commercial vehicles, heavy trucks, buses, and coaches.
  • The commercial vehicle industry has experienced many technological advances in the last decade and this trend is expected to intensify.
  • These innovations are expected to drive the commercial vehicle market during the forecast period.
  • Companies such as UPS and Amazon are testing driverless commercial vehicles to improve operational efficiencies and reduce costs.

Saudi Arabia Electric Commercial Vehicle Markets, Analysis & Forecasts, 2017-2022 & 2023-2027 - ResearchAndMarkets.com

Retrieved on: 
Thursday, July 21, 2022

However, the high development costs of electric commercial vehicles and related components such as batteries and monitoring systems could hinder the growth of Saudi Arabia electric commercial vehicle market.

Key Points: 
  • However, the high development costs of electric commercial vehicles and related components such as batteries and monitoring systems could hinder the growth of Saudi Arabia electric commercial vehicle market.
  • Besides, inadequate electric vehicle charging infrastructure is a significant factor restricting the growth of Saudi Arabia electric commercial vehicle market.
  • Saudi Arabia electric commercial vehicle market is segmented based on propulsion type, vehicle type, range, component, region, and company.
  • Based on vehicle type, Saudi Arabia electric commercial vehicle market is sub-segmented into bus, truck, van, and pickup trucks.

UAE Luxury Car Market Analysis/Forecast Report 2022-2028 Featuring Rolls-Royce, BMW, Koenigsegg, Lamborghini, W Motors, Daimler, Volkswagen, Aston Martin, Ferrari, Bugatti - ResearchAndMarkets.com

Retrieved on: 
Tuesday, July 19, 2022

The sedan segment is expected to dominate the UAE luxury car market owing to the high sales and production of luxury sedans.

Key Points: 
  • The sedan segment is expected to dominate the UAE luxury car market owing to the high sales and production of luxury sedans.
  • To analyze and forecast market size of the UAE luxury car market, in terms of value and volume.
  • To evaluate competitor pricing, average market selling prices and trends in the UAE luxury car market.
  • Company Profiles: Detailed analysis of the major companies present in UAE luxury car market.