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The growth of the global car rental market is majorly driven by development of the travel & tourism industry. Furthermore, rise in disposable income of people in countries such as the U.S., Germany, and Italy and enhanced road infrastructure is promoting the growth of the market. Increase in investment by global funds and players opting for aggregator-based business model further fueling the market growth. Automobile companies have developed green vehicles to control the rise in pollution level. Car rental industry contributes significantly in the reduction of the air pollution level.
Global Electric Vehicles Market Information Report, By Technology (Battery Electric Vehicles, Hybrid Electric Vehicles and Plug-In Hybrid Electric Vehicles), By Vehicle Type (Passenger Cars, Commercial Vehicles and Two Wheelers), and By Region - Forecast To 2023
The global electric vehicles market has experienced a potential growth over the past few year and it has been analyzed that the market will grow at the same pace during the forecast period. Electric vehicles market looks promising during the forecast period due to the major driving factors such as majorly influenced by the surge in demand of electric vehicle worldwide, increasing fuel prices, and expansion of global auto-manufacturers into new emerging markets and government initiatives and among others. On the other hand, emerging economies seeks more opportunities for electric vehicles will create ample scope for market growth. However, high prices of electric vehicles and underdeveloped aftermarket services could hinder the market growth. Global electric vehicles has very broad market in coming recent years. MRFR analysts has predicted that global electric vehicles market is expected to reach USD 356.5 billion by 2023 from USD 106.5 Billion in 2016 with a CAGR of 18.96.
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According to the report, global revenue for Thick Film Resistors market is expected to generate revenue of $ 1489.4 million by end of 2025, growing at a CAGR of slightly above 4.93
Big Market Research, Big Market Research, China Used Car Market Report, Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Opportunities, Segmentation and Forecast to 2014-2017. Browse full report & TOC @ http://www.bigmarketresearch.com/china-used-car-report-market
The sales volume of used cars in China is estimated to register a CAGR of 16.5% during 2014-2017, with transaction volume reaching 9.57 million in 2017. With the increase of car ownership, China’s used car market has been on a fast track of development. In 2013, 5.20 million used cars were traded in China, up 8.6% YoY and 1.9 times as that in 2008, generating a turnover of RMB291.6 billion, a year-on-year increase of 10.6% and 2.5 times as much as that in 2008. Based on the calculation that consumers change their cars every 5-6 years, China will step into the car-replacement peak in 2014, and the used car market will usher in accelerated growth. In view of segments, used sedans hold the lion’s share, with transaction volume and turnover achieving 3.0475 million (or 59% of total volume) and turnover of RMB174.89 billion (or 60% of total amount) in 2013, respectively.
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