Automotive and Transportation

  Bike-Sharing Market accounted for US$ 3.6 Billion in 2022 and is estimated to be US$ 13.40 Billion by 2032 and is anticipated to register a CAGR of 14.2%. Bike sharing is the provision of bicycles for shared use through a self-service rental scheme in which people can rent bicycles for short-term use. Bike sharing is a shared transportation service that enables individuals to rent or borrow conventional or electric bikes on a short-term basis. It is environmentally friendly and, as a result, allows the rider to travel without using fuel, thereby helping to reduce carbon dioxide (CO2) emissions. It reduces road congestion, increases financial savings and offers health benefits such as preventing depression and anxiety and improving a person's overall fitness. Bike sharing is an innovative urban transportation option that gives individuals instant access to a bicycle to travel around the city. In recent years, bike sharing systems have emerged as a cost-effective and environmental...

A   hybrid train   is a train that uses an onboard rechargeable energy storage system (RESS), placed between the power source (often a diesel engine prime mover) and the traction transmission system connected to the wheels. Some hybrids are also able to convert mechanical motion into stored energy. The means of converting energy between storage and mechanical motion is through the use of one or more motors/generators for e.g., electric, pneumatic, hydraulic, thereby achieving reduced fuel consumption. The report “Hybrid Train Market, By Propulsion Type (Electro Diesel, Battery Operated, Hydrogen, CNG, LNG, and Solar), By Application (Passenger and Freight), By Operating Speed (>100 km/h, 100-200 km/h, and <200 km/h), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2029” Key Highlights: In July 2020, Cummins Inc. announced an agreement to form a joint venture with NPROXX, a le...

The growing emphasis on sustainable packaging and pallets is also predicted to fuel the expansion of the   Pallets Market . The majority of pallets in use today are made of wood, and they are one of the main contributors to municipal solid garbage (MSW). Furthermore, the discarded wooden pallets are high in energy, which is typically lost during MSW disposal. As a result, industries are already implementing recycling ways to reduce wood waste in pallet manufacture. Companies such as Brambles, Ltd. in Australia and CABKA Group GmbH in Germany, for example, are working toward the creation of entirely recyclable or 100 percent reusable timber and plastic pallets. However, changes in wood prices, particularly in Europe and North America, hinder the expansion of the pallets business. Because Europe and North America are the two main consumers of wooden pallets, fluctuations in timber prices affect consumer behaviours in the pallets business. Furthermore, the COVID-19 pandemic has had a ...