Why Australians Prefer E-Commerce in Automotive Aftermarket?

Shopping via internet can be considered the new cool of the contemporary world, which is ruled by the internet to say the least. Be it the stuff of daily use or the spare parts of the vehicles, all of them can be acquired without breaking a sweat.

In this blog, we will mainly focus on the on the automotive aftermarket in the world, and especially in Australia.

The auto market in Australia is mature. There are 60 vehicle brands and 380 vehicle models sold in Australia, and there are over 3,600 dealer locations.

 Here are some of the benefits Australians will take home, if they get hold of the automotive spare parts through E-commerce platforms.

Get Lot of Choices To Choose From

 If you buy the spare parts of your car or bike through the online mode, there are various choices at your disposal. As most of the notable and even local manufacturers are listed on e-commerce platforms. This is a lot difference from going to a brick-and-mortar store and be content with only a handful of choices present there. So, if you want many choices for making a final choice, buying them through e-commerce can serve you well. 

Save on Costs of Spare Parts

When you look to buy an automotive spare part from an e-commerce store, then there are various economical benefits associated with it. Firstly, you will get competitive pricing, as more often than not, there is one or the other discount offer running on the product. Plus, you will not incur any travelling or related expense, as there is no need to step out, drive your car and purchase the part, which is needed.

Putting a Price Tag on Your Time

 It takes a lot of time to go to a store and buy anything, not just automotive parts. If you believe in the time is money theory, then if you find a traffic jam on the road, it can bite a lot of your time, and also money (in case the engine if the vehicle is still on and it is burning fuel). Buying the needed spare parts from e-commerce platforms allows you to get over your purchases in a relatively short span of time, and the time can be used in devoting more to the work and also the moments that matter.

Easy Doorstep Delivery

Sometimes the automotive spare part can be really bulky, and difficult to carry. If you stick to the traditional shopping of purchasing a part from a conventional store, then you will either have to drench in sweat or vent out pennies from your pocket to get it delivered at your doorstep. On the other hand, most of the e-commerce platforms provide free delivery of the products purchased. Even, if they charge some amount for delivery, it is a lot less than what you will end up giving, when shopping the conventional way.

Because of all these benefits of purchasing automotive spare parts online, the Australia e-commerce in automotive aftermarket will reach a value of USD 3,822.2 million by 2030.

Read More

How Hybrid Electric Cars are Better Than Conventional Cars?

Come let’s explore hybrid electric cars, such cars are driven by an internal combustion engine joint with one or two electric motors that uses power via batteries. Mild hybrids—also known as micro hybrids—use a battery as well as an electric motor to provide power to the car and enable the motor to switch off when the car stops, which indeed is extremely helpful in improving fuel efficiency.

Difference Between Mild Hybrids and Full hybrids EVs

Mild hybrids—also known as micro hybrids, the systems in these cars cannot power the whole car only by electricity. Generally, these cars are less expensive than the full hybrid but have relatively fewer fuel economy benefits in comparison to full hybrids.

Full hybrids have more powerful electric motors and bigger batteries, which are able to provide power to the car if you want to travel for short distances and at low speeds. Such cars are costlier than mild hybrids but are more fuel economical.

Series Hybrid Cars

These kinds of electric cars run on motor, linked with a petrol engine in series. In this mechanism, the combustion engine is not connected with the wheels of the car, but through the electric motor. 

The working of the car depends upon the petrol/diesel engine burning the fuel and generating energy, but instead of generating heat and kinetic energy, a generator alters the energy from the petrol/diesel engine directly to electricity, which powers the electric motor, giving power to the car.

Invigorate Braking

These hybrid electric cars don’t require any plug-in charging, the car uses internal combustion and the engine regenerative braking to charge themselves. The car gets power during braking via the electric motor as a generator and storing the power in the battery.

Can all hybrid cars can be charged by regenerative braking? No, not all-electric and hybrid cars have this feature. Plug-in hybrid models need added energy from an electricity source to recharge larger batteries. 

Environmental Impact of Hybrid Cars

As we all know that hybrid cars run on also diesel and petrol and have combustion engines, then how these cars are better than conventional ones. Since these cars also contain electric motors that support the engine, such cars are way more fuel efficient and emit lot less emissions into the environment. 

Nickel–Metal Hydride Batteries Best Suited for HEVs

If we talk about the batteries, nickel–metal hydride batteries are most suited for hybrid electric cars, as it offers higher durability, low cost, and better safety features than Li-ion batteries. The extensive use of these batteries by Toyota Motor Corporation is also supported by the sales of NiMH battery-fitted HEVs.

Therefore, as the hybrid electric cars offer better fuel efficiency and it is an eco-friendly way to commute, such reasons will contribute to the growth of the industry in the future. 

Read More

Exploring the Booming Electric Truck Market: Manufacturers, and Growth Opportunities

In 2022, the electric truck market registered a sale of 86,799 units, which will witness a 38.2% CAGR to reach 1,154,996 units by 2030, as per a report by a market research firm, P&S Intelligence.

The BEV category is all set to develop with a higher CAGR, of approximately 40% in the next few years. This can be ascribed to the increasing government aid in the form of economic subsidies for buying and developing these vehicles, and enhancements in technology. Government subsidies for these vehicles have been declared in some countries, with plans and arrangements for helping associated freight equipment and infrastructure.

Commercial vehicles are a vital part of the transport sector. To reduce carbon emissions from gasoline-based trucks utilized by fleet workers, the governments of several countries have declared a ban on the usage of diesel-based vehicles. This ban will be effective as early as 2030.

In 2022, APAC had a significant revenue share in the electric truck market, in which China is the biggest utilizer. The requirement for vehicles in the country is majorly boosted by supportive government initiatives, municipal air quality targets, and national alternative-fuel-vehicle replacement sales targets.

The electric truck industry in other regions is still growing and highly hinge on the strategies of the government. The reasonably higher upfront prices, undersized value chains, and existence of few OEMs have restricted sales in these regions. Still, the producers are profoundly investing in the growth of electric trucks, which will drive market growth in the future.

Hence, because of the high maintenance of gasoline trucks in comparison to e-trucks, and the reducing battery prices, the requirement for electric trucks will grow considerably in the future.

 

Read More

Europe Leads the E-Cigarette Market

The total size of the e-cigarette market was USD 17,901.1 million in 2022, and it will reach USD 38,631.1 million by 2030, advancing at a rate of 10.1% in the years to come, as per P&S Intelligence. The decrease in conventional cigarette smoking is a major driver, with consumers shifting toward safer alternatives, including electronic cigarettes.

The growing consciousness about the harmful effects of smoking conventional cigarettes is increasing across the world. This has given rise to the development of alternatives, helping consumers to give away traditional cigarettes. 

In addition, cancer triggered by smoking is one of the main concerns all over the world. E-cigarettes eliminate the risk of cancer and avert the intake of over 4,000 chemicals, such as tobacco and numerous other carcinogens and toxins, present in tobacco smoke and cause cancer and lung ailments. Moreover, they produce fewer toxic substances and pose less risk to smokers with asthmatic problems.

The vaporizer category dominated the industry, with around 50% share, in 2022, and it will maintain its dominance in the future as well. The increasing acceptance of vaporizers is because of their reasonable cost, production of dense aerosol, and flexibility with a variety of flavors. Whereas, T-vapors are primarily famous in South Korea and Japan, where individuals prefer tobacco flavor, because of their close similarity to conventional smoking.

Males led the e-cigarette market, with above 80% share, in 2022. With more males switching toward e-cigarettes as a smoking-cessation substitute, males will continue ruling the industry in the years to come.

The online distribution channel will record the highest rate, around 13%, in the coming years. People are more tempted for buying vape products and e-cigarettes online because of the features of convenience, cost analysis, and access to a greater selection of goods.

The 16–24 age category held the highest revenue, of around USD 5 billion, in 2022, and will retain its position in the years to come. E-cigarette, including the JUUL device, is popular among the youth and have become an immediate hit in the 16–24 age group.

Furthermore, they do not stink strongly as conventional cigarettes, making it simpler for people to use them. Even non-smoking teens who would not try cigarettes might be tempted by JUUL and other renowned vape brands' tempting flavors and packaging. A trending idea is that vaping is less injurious and is simple for youth for purchasing vaping equipment through online mode.

Europe accounted for the largest share of the industry, owing to the occurrence of a large consumer count. Furthermore, with a drop in the habit of conventional smoking, the consumer base will shift toward electronic variants in the years to come.

With the fall in the rate of conventional cigarette smoking, the demand for e-cigarettes will increase all over the world.

Read More

North America Dominates Low-Code Development Platform Market

The total size of the low-code development platform market was USD 19,301.5 million in 2022, and it is expected to advance at a rate of 33.2% during 2022–2030, to reach USD 190,898.4 million by 2030, according to P&S Intelligence.

In the recent past, based on offering, the solution category held larger share, over 60%, because of the surging acceptance of these platforms in different verticals for reduction of the long-term expenses on processes. It does this by reducing and, in sometimes totally eliminating the requirement of hiring skilled developers.

Through, with the help of these solutions, the digital transformation of organizations becomes easy and economical. Numerous features, including pre-built templates and drag and drop options, offer the aptitude to build apps instantly.

Cloud is how most of these kinds of programs are deployed, as it offers simultaneous access for observing and monitoring of apps and services. Cloud-based deployment delivers many other advantages, including 24/7 service, high speed, administrative competences, and higher scalability. Enterprises are generally using the cloud for easing monitoring and management.

Some of the common cloud-based platforms are and Mendix on IBM Cloud and App Maker on Google Cloud.

SMEs will have a faster growth in the years to come faster because of their increasing emphasis on having a digital presence with computer and mobile applications. This platform allows even non-skilled people to develop apps by themselves, at a low cost and rather quickly. 

Furthermore, solutions accessible through the cloud are generally subscription-based, so users only are required to pay for only what they use.

The IT category dominated the low-code development platform market, with around 65%, in 2022, because of the quick acceptance of new technologies. Software companies develop numerous desktop, web, and mobile apps and third-party solutions. Therefore, for enhancing the productivity and ensuring the optimal utilization of resources, these companies are accepting low-code development platforms for scaling-up their capacity of application development.

North America leads the industry, and it will consolidate the position in the future as well, with a value of about $70 billion.

This has a lot to do with the fast acceptance of digital technologies and existence of many key players. Also, the growing focus on consolidation of the IT infra is driving the need for computer and mobile apps and other software.

APAC will demonstrate significant development due to the growing use of internet usage and requirement of firms for lowering operating costs. Furthermore, the increasing usable income in emerging economies is propelling the sale of mobile devices considerably, which, fuels the industry growth.

Due to the increasing rate of digitization, the need for low code development platforms will increase all over the world.

Read More

Commercial Category Leads Qatar HVAC Maintenance Service Market

The size of the Qatar HVAC maintenance service market was USD 243.5 million in 2022, and it will reach USD 389.6 million by 2030, advancing at a rate of 6.1% in the years to come, as per P&S Intelligence. This is because of the steady growth in the HVAC industry, the increasing requirement for AMC services, and the growing construction business.

The cooling category held in excess of 60% revenue share in 2022. Qatar has a subtropical and hot dry desert climate, and experiences hot and humid summers and low yearly rainfall; thus, making it profoundly reliant on HVAC solutions for cooling necessities. 

Qatar HVAC Maintenance Service Market Research Report

Also, the Qatari government is implementing new rules for endorsing energy efficiency, leading to the replacement of old cooling systems with further efficient systems, since HVAC has one of the highest energy consumption equipment.

The industry is also booming with the surging demand for AMC services. This is a packaged solution provided by a company involved in the setting up of HVAC in a premise. The requirement for this type of service has grown rapidly in recent years and it will provide profitable prospects to players in the future as well.

End users,
including retail stores, hospitals, commercial offices, hotels, and residential buildings, are progressively accepting these services, because of the ease of upkeep of units.

Furthermore, HVAC maintenance service providers are more and more into offering these services to end users for maintaining a continuous flow of revenue, as on-demand has no certainty, while AMC offers workers to set their schedule accordingly. Likewise, it helps users avert possible failures of equipment. Also, commercial users generally prefer AMC services because of the expediency of upholding their systems.

The commercial category is leading the Qatar HVAC maintenance service market, with a share of about 50% in 2022. This is mostly because of the growing requirement for maintenance services in commercial offices and hospitality facilities.

SMEs comprise more than 85% of enterprises in Qatar. Typically, SMEs take care of the small HVAC units fitted on their premises on their own and rent on-demand services only through part replacements. In contrast, large enterprises have agreements (BEMS/AMC) with service providers, where the contract period is between 1 and 5 years.

On-demand maintenance service was the most used in Qatar in the past, because of the low consciousness of AMC services. Though, recently, the industry experienced an increasing adoption of HVAC PPM, as companies are more and more promoting this service, which offers them incessant workflow and a higher ROI.

Due to the steady growth of the HVAC industry, the HVAC maintenance service in Qatar will increase rapidly over the course of time.

Read More

Which Application Led Wireless Testing Market?

 Wireless testing evaluates a product's functionality and real-time performance using wireless technologies including Wi-Fi, Bluetooth, and cellular connectivity. Over the years, this technology has developed to enable worldwide phone, data, and video communication.

Wireless Testing Market Size and Share Analysis Report, 2030

The development of machine-to-machine connectivity and IoT sensors that are permanently connected to the internet has also increased demand for wireless testing. Thus, the global wireless testing market will reach USD 31.23 billion by 2030, as per P&S Intelligence.

The telecommunications sector has seen a rise in the count of cellular network subscriptions worldwide during the last 10 years. Additionally, innovation is growing toward connections that are more active and quicker responsive.

APAC Market Will Grow at a Rapid Pace

Given that numerous rising nations in the area are quickly implementing such systems, APAC is a crucial industry for wireless testing solutions. Additionally, the APAC market will advance at a CAGR of 12.3%. This is due to the rapidly expanding use of mobile broadband, which is the main mode of broadband connection.

In addition, it is projected that the growing demand for wearables and smart electronics will fuel the rise of the market for wireless testing in consumer electronics applications. 

Wireless testing is crucial in the electronics industry since the goods must be assessed for performance, usefulness, and safety before going on sale and where the focus is on developing compact, intelligent gadgets.

Services Category Led Demand for Wireless Testing

The category of services held the largest market share. Since wireless testing analyzes maintenance and network installation, it gradually increased demand for these services as educational institutions and business offices went online during the epidemic.

Additionally, the number of sensitive data created has increased exponentially as a result of the expanding internet penetration and rising use of digital services. Moreover, it is predicted that government efforts for free Wi-Fi connections in several countries, including India, would provide sizable market opportunities in the upcoming years.

Wi-Fi technology has become the most extensively used cellular offloading method since it is unlicensed, inexpensive, and generally available. 

Consumer Electronics Dominates Market

In terms of revenue, the consumer electronics category led the market for wireless testing. This is mostly caused by the increase in demand for wearable technology and smart electronic devices. In the consumer electronics sector, where items are evaluated for performance, functionality, and safety, wireless testing is essential.

Additionally, three of the most popular technologies utilized in consumer devices including smartphones and tablets are GSM, UMTS, and LTE. These days, several businesses test a variety of wireless technologies used in consumer devices, including near-field communication (NFC), cellular, Bluetooth, and Wi-Fi.

Customers increasingly favor smart fitness bands that can display step count, heart rate, blood pressure, and SpO2 level so they can monitor their health as fitness and health awareness among consumers rises. 

Moreover, linked wireless gadgets such as thermostats, HVAC systems, security cameras, and utility meters are included in smart homes. These products are in high demand worldwide.

Read More