CHICAGO, November 23, 2021 / PRNewswire / – Vendors in the EV Charging Market are helping countries expand their EV adoption by investing and installing more EV charging points in all countries as it is one of the biggest challenges in the EV market . The government’s pollution reduction initiative is one of the next big things to force the adoption of electric vehicles around the world. Major suppliers focus on products that complement the sport of golf in order to maximize revenue generation in the world market. Arizton’s automotive mobility research reports provide an up-to-date analysis of the current market scenario, the latest trends and drivers, and general market insights. Observing these rapid and drastic changes in demand and supply patterns encouraged Arizton industry analysts to publish comprehensive and data-driven insight into these recent trends in the industry.
1.Electric Vehicle Charging Infrastructure Market – Global Outlook and Forecast 2021-2026
Market size for charging infrastructure for electric vehicles is to be achieved $ 14 billion by 2026 with a CAGR of 35.81% in the forecast period. With the rapidly increasing demand for electric vehicles, wireless charging technology is growing worldwide and consumers are demanding wireless or on-the-go charging for electric vehicles. Many automakers work with major vendors in the market and other manufacturers who add bespoke charging infrastructure to expand their product portfolio. Many countries’ initiative for a cleaner future in 2020 has spurred the growth of electric vehicles around the world.
The Electric Vehicle Charging Systems (EVCS) market is heavily reliant on the successful introduction of electric vehicles to the global market. Many automakers like Tesla, Nissan and others are expanding their offerings in the EVCS business models to make it easier for their customers to recharge by increasing the number of value and product offerings. Over the next few years, the rising EV Funding Fund from government agencies in various countries is expected to fuel demand for charging systems among EV owners.
Effects of COVID-19
During the outbreak of the COVID-19 pandemic, people realized the importance of adopting an electrified transportation system. With over a million electric cars on the streets in The United States, the electric vehicle industry is in a tipping phase with falling prices, leading to increased innovation and scaling of electric vehicles. During the pandemic, the number of EV charging systems grew faster than last year, driven by various plans by several countries to accelerate the adoption of EVs and higher spending on EV charging infrastructure. Due to the impact of the pandemic on the supply chain and the government-imposed lockdown, new electric car manufacturing and sales stopped globally in the first and second quarters of 2020. However, sales of EV charging systems increased in the third and fourth quarters of 2020, especially for private and semi-public charging. This in turn will greatly increase the demand for these products in the automotive sector in the forecast period.
Get more insights now: https://www.arizton.com/market-reports/electric-vehicle-charging-station-market
2. European Electric Two Wheeler Market – Industry Outlook and Forecast 2021-2026
the Europe The market for electric two-wheelers was rated with $ 7.42 billion in 2020 and is expected to be achieved $ 15.55 billion by 2026. Electromobility is experiencing an early introductory phase in Europe, with margins of over 1% in several countries. In EuropeThe EU 2020 strategic goals call on policymakers to incentivize low-carbon vehicles, especially electric two-wheelers. Therefore, these tax and subsidy-related incentives are expected to increase demand in the electric vehicle market Europewhich leads to higher volumes and revenue. The market has consolidated, with large suppliers such as Askoll, Piaggio, Energica, Pierer Mobility and BMW making up the majority of sales. The demand for powerful electric motorcycles is increasing across the board Europe. High-performance electric motorcycles are increasingly being adopted by consumers and should prove to be an important trend in the forecast period.
Worth knowing Worth knowing!
- In November 2020, Scania (provider of transport solutions), EVBox Group and ENGIE have teamed up to develop electric bus and truck solutions in. to accelerate Europe.
- Suppliers like BMW and Zero Motorcycle are some of the major suppliers bringing high performance electric motorcycles to market in order to secure the high market share.
- The adoption of electric vehicles, including electric two-wheelers, will continue to be driven by aggressive government goals through 2030.
- Nickel-metal hydride batteries have replaced Ni-Cd (nickel-cadmium) batteries for portable consumers Europe.
Get more insights now: https://www.arizton.com/market-reports/europe-electric-two-wheeler-market
3. Golf Carts and Buggy Market – Global Outlook and Forecast 2021-2026
The global market for golf carts and buggies is expected to be $ 4.23 billion by 2025 and is expected to grow with a CAGR of 4.64% in the period 2021-2026. Around the world, governments are investing in raising local land and property prices and expanding golf courses around the world, accelerating the growth of the golf cart and buggy market. For example, Vietnam in Asia witnessed the development of several luxury golf courses such as the Ho Chi Minh Golf Trail, which connects six luxury resorts and golf courses across the region. The rental business of golf carts is also high at public events such as exhibitions, music events and weddings. Europe is one of the largest markets for golf courses, and golf cart rental is also growing there. SHB’s Golf Buggy Hire is one of the most renowned golf cart rental companies in Europe. The innovation and more customer-friendly experience will help the golf cart and buggy market accelerate growth in the years to come.
Key highlights:
- Garia has opened a webshop offering Garia cars for online purchase. The company offers the online purchase of various luxury cars such as the Garia Special Edition, which is also available for online sales, inspired by the Mercedes Benz Style Edition Garia Golf.
- Zoom Around, a golf cart rental in Florida, offers innovative electric cars and golf carts at affordable prices.
- Utility golf carts are in high demand in terms of sales and quantities and are expected to generate additional sales of. forecast $ 0.09 billion and incremental unit deliveries of 14.85 thousand units during the forecast period.
Get more insights now: https://www.arizton.com/market-reports/golf-cart-buggy-market-size-analysis
About Arizton
Arizton Advisory and Intelligence is an innovation and quality driven company that provides cutting edge research solutions to clients around the world. We distinguish ourselves through comprehensive market research reports as well as advisory and advisory services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, market share, growth drivers and trend forecasts.
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SOURCE Arizton Advisory & Intelligence