Micromobility businesses, such as scooter rentals, are expanding rapidly due to increased urbanization and government-supported sustainability initiatives. This growth has created a lucrative opportunity for market players to capitalize on.

Have you ever wondered who makes sure the vehicles we ride and the transportation systems we rely on every day are safe and reliable? It’s not something most of us think about, but the answer lies in Transportation Testing, Inspection, and Certification (TIC) services.

The vehicle subscription industry is set to benefit from large-scale shifts in mobility, according to research by Coherent Market Insights. Millennials and Gen Z are increasingly moving away from car ownership and embracing the rental trend. Consequently, there has been a growing emphasis on the vehicle subscription model.

The global urban air mobility (UAM) market size is projected to grow from US$ 3.8 billion in 2023 to US$ 28.5 billion by 2032, growing at a CAGR of 33.5% during the forecast period 2024-2032. Urban air mobility refers to the use of air taxis and eVTOL aircraft to provide efficient and sustainable transportation within cities.

The automobile industry is surging ahead, with particularly sharp growth in the U.S. and China, including China’s emergence as the leading manufacturer of new cars for the export market (outpacing Japan for the first time). The global new automobile market was about 886 million units for 2023.

With the advent of revolutionary new technologies, the transportation industry was predicted to dramatically transform before our eyes. If you believed the hype from recent years, you might expect cities to soon be filled with fleets of self-driving robo-taxis, autonomous trucks, delivery robots, and electric cars and buses.

The global autonomous marine vehicles market reached a value of nearly $2.3 billion in 2022, having grown at a compound annual growth rate (CAGR) of 14.5% since 2017, according to the Autonomous Marine Vehicles Market Report 2023. 

Urban air mobility (UAM) is gaining traction globally as a viable transportation option. It envisions a future where a substantial portion of short-distance flights, traditionally operated by conventional airplanes, would be substituted by hybrid and electric vertical-take-off-and-landing (eVTOL) flight services such as air metro and air taxi. 

The agricultural industry is undergoing a significant transition as it embraces the power of electric technology. Electric farm tractors, with their efficiency, sustainability, and potential cost savings, are becoming a key focus for farmers and industry experts.

Electric vehicles (EVs) have become a symbol of sustainable transportation, offering a cleaner and greener alternative to traditional internal combustion engine vehicles.