Automotive And Transportation

UAE tire market has been delivering an outstanding performance. The market’s growth is driven by the increasing demand for automobiles due to the high disposable income and living standards of the people. Additionally, favorable government initiatives and strict tire safety regulations favors the market’s growth.

Japan tire market is driven by the flourishing automobile production in the country. Additionally, the presence of leading OEMs in the country, along with the expanding production capacities of tire manufacturers, is driving the growth of Japan’s tire market.

Iran tire market is being driven primarily by efforts to achieve self-sufficiency and increased automobiles sales. Additionally, the growing demand for passenger cars and infrastructure projects in Iran are driving the growth of the Iranian tire market along with a growing fleet of commercial vehicles as a result of these projects.

Vietnam tire market is gaining significant traction owing to the flourishing automotive manufacturing sector in the country along with increasing foreign investment for establishing automotive manufacturing plants.

The growth of Saudi Arabia tire market is attributable to the increasing penetration of automobiles because of customers’ high purchasing power and living standards in this region. Furthermore, the launch of various Chinese automobile brands at affordable costs is also driving the market growth.

UK electric vehicle market is flourishing at a high rate because of the driving factors such as increasing environmental consciousness towards fuel vehicles and highly volatile prices of non-renewable resources.

UAE used car market is growing at a high CAGR because of the growing emergence of online and authorized platforms of used car sales and buying and the surging demand for used cars being released in the market.

With the growing number of IoT-based smart cities and the increasing number of automotive vehicles across the globe, the global market for smart parking systems is expected to grow substantially.

The global automotive smart tire market is immensely gaining popularity in the automobile industry because of the emergence of connected and autonomous vehicles and the introduction of technology in various automobile components.

The global in-cabin automotive AI market is growing at a high rate because of the flourishing automotive industry and the increasing focus towards offering overall comfort and enhanced experience to the driver, along with the stringent government regulations regardingdriving safety.