Automotive & Transportation Market Research Report

long way since its birth in the early 20th century. Today, the automotive industry is stronger than ever, with the world witnessing an exponential rise in vehicular sales in the last decade or so. New technologies such as robotics and Artificial Intelligence (AI) have strengthened and streamlined manufacturing processes, bringing down costs and enhancing efficiency. For instance, Universal Robots developed their iconic robot arm that reduces production time on the assembly line. Furthermore, rising incomes, developing economies, and globalization have enabled players in this industry to penetrate into hitherto unexplored markets and territories and expand their operations and presence. Moreover, commitment to sustainable development has spurred countries to aggressively promote production and consumption of hybrid and electric cars. According to a report by the Bank of America, electric vehicles will account for 95% of vehicle sales by 2050. Fortune Business Insights is thoroughly researching the dynamics of this thriving industry. Our aim is to come out with customized reports that will aid stakeholders to make informed business decisions and maximize their revenues.