Transport

Electric Vehicle Market Size To Be Valued At $1,212.1 Billion By 2027 Owing To Rising Number Of Government Initiatives Globally To Promote Manufacturing & Adoption Of EVs | Million Insights

Tuesday, March 2, 2021 - 9:40am

The growth can be imputed to the number of government initiatives across the globe to promote the adoption and manufacturing of EVs.

Key Points: 
  • The growth can be imputed to the number of government initiatives across the globe to promote the adoption and manufacturing of EVs.
  • For example, the Electric Vehicles Initiative (EVI), which is a multi-government forum, focuses on promoting the purchase of electric vehicles globally.
  • For example, General Motors, in January 2020, announced to invest USD 2.2 Billion in the Detroit Plant for manufacturing SUVs and electric trucks.
  • Moreover, the demand for electric cars increased to 5 million units in 2018 as compared to 2 million units in 2017.

Electric Vehicle Market Size To Be Valued At $1,212.1 Billion By 2027 Owing To Rising Number Of Government Initiatives Globally To Promote Manufacturing & Adoption Of EVs | Million Insights

Tuesday, March 2, 2021 - 9:40am

The growth can be imputed to the number of government initiatives across the globe to promote the adoption and manufacturing of EVs.

Key Points: 
  • The growth can be imputed to the number of government initiatives across the globe to promote the adoption and manufacturing of EVs.
  • For example, the Electric Vehicles Initiative (EVI), which is a multi-government forum, focuses on promoting the purchase of electric vehicles globally.
  • For example, General Motors, in January 2020, announced to invest USD 2.2 Billion in the Detroit Plant for manufacturing SUVs and electric trucks.
  • Moreover, the demand for electric cars increased to 5 million units in 2018 as compared to 2 million units in 2017.

Rolling Stock Market worth $64.3 billion by 2025 - Exclusive Report by MarketsandMarkets™

Tuesday, March 2, 2021 - 9:30am

Increasing urbanization, adoption of public transport as a means of reducing traffic congestion, growing demand for energy-efficient transport and increasing adoption of rolling stocks for freight transportation are major drivers of the Rolling Stock Market.

Key Points: 
  • Increasing urbanization, adoption of public transport as a means of reducing traffic congestion, growing demand for energy-efficient transport and increasing adoption of rolling stocks for freight transportation are major drivers of the Rolling Stock Market.
  • Japan is the technology leader in the Rolling Stock Market which is majorly used for passenger transportation.
  • However, companies such as Hyundai Rotem are bringing technological developments in the country's Rolling Stock Market.
  • There has been a rapid increase in the number of technological advancements in the Rolling Stock Market.

Rolling Stock Market worth $64.3 billion by 2025 - Exclusive Report by MarketsandMarkets™

Tuesday, March 2, 2021 - 9:30am

Increasing urbanization, adoption of public transport as a means of reducing traffic congestion, growing demand for energy-efficient transport and increasing adoption of rolling stocks for freight transportation are major drivers of the Rolling Stock Market.

Key Points: 
  • Increasing urbanization, adoption of public transport as a means of reducing traffic congestion, growing demand for energy-efficient transport and increasing adoption of rolling stocks for freight transportation are major drivers of the Rolling Stock Market.
  • Japan is the technology leader in the Rolling Stock Market which is majorly used for passenger transportation.
  • However, companies such as Hyundai Rotem are bringing technological developments in the country's Rolling Stock Market.
  • There has been a rapid increase in the number of technological advancements in the Rolling Stock Market.

Worldwide Project Logistics Industry to 2025 - Key Drivers, Challenges and Trends - ResearchAndMarkets.com

Tuesday, March 2, 2021 - 9:34am

The publisher has been monitoring the project logistics market and it is poised to grow by $36.55 billion during 2021-2025, progressing at a CAGR of 3% during the forecast period.

Key Points: 
  • The publisher has been monitoring the project logistics market and it is poised to grow by $36.55 billion during 2021-2025, progressing at a CAGR of 3% during the forecast period.
  • The report on project logistics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
  • The project logistics market analysis includes service segment and geographical landscapes.
  • This study identifies the complexities related to in-house logistics operations as one of the prime reasons driving the project logistics market growth during the next few years.

P97 Networks Selected by RCI Bank and Services to Enable On-Demand Mobility Services

Tuesday, March 2, 2021 - 10:00am

P97 Networks, Inc., a leader in cloud-based mobile commerce and behavioral marketing solutions, announced today that it has been chosen by RCI Bank and Services, to bring mobility services to motorists.

Key Points: 
  • P97 Networks, Inc., a leader in cloud-based mobile commerce and behavioral marketing solutions, announced today that it has been chosen by RCI Bank and Services, to bring mobility services to motorists.
  • RCI Bank and Services, which operates in 36 countries specializes in automotive financing and services and supports Groupe Renault in the development of mobility services.
  • We are excited to have RCI Bank and Services as our partner, says Nick Allen, Managing Director, Europe, Middle East & Africa at P97 Networks.
  • RCI Bank and Services has been the new commercial identity of RCI Banque S.A. since February 2016.

OpenGate Capital Signs Definitive Agreement to Acquire ScioTeq and TREALITY from TransDigm Group

Tuesday, March 2, 2021 - 7:00am

OpenGate Capital , a global private equity firm, announced today that it has signed a definitive agreement to acquire the ScioTeq and TREALITY Simulation Visual Systems (TREALITY) businesses from TransDigm Group Incorporated (NYSE: TDG).

Key Points: 
  • OpenGate Capital , a global private equity firm, announced today that it has signed a definitive agreement to acquire the ScioTeq and TREALITY Simulation Visual Systems (TREALITY) businesses from TransDigm Group Incorporated (NYSE: TDG).
  • ScioTeq and TREALITY develop and manufacture advanced visualization solutions primarily for the global defense, air traffic control, and security end markets.
  • Commenting on the acquisition agreement, OpenGate Capitals Founder and Chief Executive Officer Andrew Nikou stated, We are very excited to have reached this agreement with TransDigm.
  • Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France.

All pure electric Volvo models to be available online only

Tuesday, March 2, 2021 - 5:00am

It aims to be a fully electric car company globally by 2030 and will launch a completely new family of electric cars in coming years all of which will be available online only.

Key Points: 
  • It aims to be a fully electric car company globally by 2030 and will launch a completely new family of electric cars in coming years all of which will be available online only.
  • Combined with online sales, Volvo Cars will focus on a complete convenient customer offering, all under the Care by Volvo name.
  • "The future of Volvo Cars is defined by three pillars: electric, online and growth," says Lex Kerssemakers, head of global commercial operations.
  • Volvo Cars is committed to becoming a leader in this segment and will focus on developing electric cars only going forward.

All pure electric Volvo models to be available online only

Tuesday, March 2, 2021 - 5:00am

It aims to be a fully electric car company globally by 2030 and will launch a completely new family of electric cars in coming years all of which will be available online only.

Key Points: 
  • It aims to be a fully electric car company globally by 2030 and will launch a completely new family of electric cars in coming years all of which will be available online only.
  • Combined with online sales, Volvo Cars will focus on a complete convenient customer offering, all under the Care by Volvo name.
  • "The future of Volvo Cars is defined by three pillars: electric, online and growth," says Lex Kerssemakers, head of global commercial operations.
  • Volvo Cars is committed to becoming a leader in this segment and will focus on developing electric cars only going forward.

Accenture Bolsters Supply Chain & Operations Capabilities in Australia with Acquisition of GRA

Monday, March 1, 2021 - 10:19pm

The acquisition strengthens Accentures Supply Chain & Operations capabilities that help public and private sector clients address complex supply chain demands to deliver dynamic customer experiences in line with responsible practices.

Key Points: 
  • The acquisition strengthens Accentures Supply Chain & Operations capabilities that help public and private sector clients address complex supply chain demands to deliver dynamic customer experiences in line with responsible practices.
  • View the full release here: https://www.businesswire.com/news/home/20210301006013/en/
    Luke Tomkin (GRA), Steven Bray (GRA), Louise May (Accenture) & Carter McNabb (GRA) (Photo: Business Wire)
    Founded in 1997, GRA has offices in Melbourne, Canberra and Brisbane with a team of 50 professionals.
  • The addition of GRA will expand our supply chain and operations capabilities to help clients with their transformation to intelligent, customer-centric supply chains supporting profitable growth, said Tara Brady, country managing director for Accenture in Australia & New Zealand.
  • We are looking forward to starting a new chapter with Accenture and contributing our skills, culture and extensive supply chain capabilities to Accentures substantive network of clients and partners, said Carter McNabb, a founding partner at GRA.