People living in urban areas are realizing the importance of making a transition to electric vehicles, owing to fluctuating oil and gas prices and rising global carbon emissions levels from vehicular pollution. Electric two-wheelers have been predominantly gaining a lot of traction due to cost-effectiveness and low maintenance, which is attributing to their booming sales.
Rising population levels, rapid urbanization, and increasing personal disposable income have fuelled demand for cars, which in turn, has driven steady growth in the global tire market. By 2025, the sales of automobile tires are expected to reach 2,732 million units, owing to global economic growth, supporting vehicle production, and incremental expansion of the number
Governments and automobile manufacturers are shifting to selling newer, cleaner electric vehicles, which are expected to account for one-quarter of new sales by 2035. Global electric vehicle sales reached 6.75 million units in 2021. Providing a boost to electric mobility is intended to cut down carbon emissions that contribute to greenhouse gases. Electric Vehicles are
Tire manufacturing technology has progressed in parallel with growing requirements of automobile manufacturers and ever-growing customer expectations to accommodate new applications, safety, health, and environmental issues. Evolution of new tire construction technologies, emergence of novel materials like nano composites, plasma surface modified carbon black, and new computer simulation techniques have led to the development of
As cities continue to become the centrifugal force for progress and urbanization, the need to accommodate huge population has led to the growth of high-rise buildings, mid-rise buildings, and advanced infrastructure. This bodes well for the elevator and escalator industry as they offer solution to facilitate the vertical movement of people and goods safely, efficiently,
The boundaries of the facility management industry are evolving at a significant rate, owing to the emergence of new technologies, expectation changes, and changing working practices. Facility management software is being accepted as a core business tool in organizations of all shapes and sizes. Smart technologies are helping facility managers create an energy-efficient environment and
As consumers increasingly turn to digital methods for managing their finances, the fintech industry has been registering significant growth in recent years. The growth of e-commerce, rising smartphone penetration, and the emergence of digital payment options are contributing to the rising fintech market value. In 2020, the global fintech market was valued at USD7301.78 billion, owing
As industries are undergoing a digital revolution, digital twin technologies are introducing new and innovative ways for product designing, operations, and post-sale services. Digital twins combine IoT, artificial intelligence, machine learning, and deep learning to provide a rich and real-time view of an organization’s processes and assets. Digital twin deployments are mainly driven by safety,
The Indian startup ecosystem has witnessed many changes with evolving technological innovations, the influx of large amounts of domestic and foreign funds, consolidation activities, and strong domestic economic growth. After more than a decade of bull-run that saw India mint 100 unicorns, the exuberance seems to have paused in 2022. Startups are facing a huge
Nearly 10 million individuals above the age of 50 suffer from hip, spine, or wrist fractures at some point in life. An additional 33.6 million individuals develop low bone mass and are at risk of osteoporosis. The growing number of complications related to bone-associated disorders such as fractures, traumas, bone infections, and bone tumors has
