Rubina Ozha @rubinaozha

ROVs have come a long way since their inception, initially designed for deep-sea exploration and underwater tasks. Early ROVs were basic and lacked the advanced features found in modern versions.

The global off-the-road tire market is expected to grow at a Compound Annual Growth Rate (CAGR) of 6% by 2023. This market is influenced by the implementation of strict vehicular emission and fuel economy regulations.

The hypercar market size in 2023 is expected to thrive, driven by the demand for high-speed and fuel-efficient vehicles. Market Research Future predicts a Compound Annual Growth Rate (CAGR) of 9.3% for the global hypercar market during the forecast period.

APAC: APAC is expected to lead the global market due to increasing demand for EV connectors, growth in the electric automotive sector, and the expansion of electric vehicle charging stations. Initiatives by regulatory bodies to promote green vehicles and China's leadership in the EV industry contribute to market growth.

Equipment Type: This market includes various equipment categories such as vehicle lifts, diagnostic tools, tire changers, wheel balancers, emission testing equipment, A/C service machines, and more.

The installation type division is further categorized into residential and commercial. The vehicle type segment is subdivided into battery electric vehicles (BEV), plug-in hybrid vehicles (PHEV), and others. The regional segment is subdivided into Asia Pacific, Americas, Europe, and the rest of the world.

The global automotive steer-by-wire system market size, as projected by Market Research Future (MRFR), is set to experience a substantial growth rate of 14% from 2018 to 2023 (forecast period).

On the contrary, an increase in unsprung weight in wheel, high price, complex speed wheel, and the on-going COVID-19 pandemic are factors that may determine the global in-wheel motors market growth in the region.

The Automotive Garage Equipment Market encompasses a wide range of tools, machinery, and devices used in vehicle repair, maintenance, and servicing within automotive workshops, garages, and service centers.

However, the lack of basic protocols for the advancement of automotive connectors, durability, and reliability of connectors, and the scarcity of proficient workers are anti**ted to be the major factors obstructing the expansion of this market.

The global automotive smart tire market report by (MRFR) includes drivers and challenges for the period of 2022 to 2030 (forecast period) which can shape the future of the automotive industry. The COVID-19 pandemic and its impact on the production and value chain are included in the report.

The steer-by-wire technology eliminates many mechanical components like the steering shaft, column, and gear reduction mechanism, which consecutively reduces the vehicle weight and improves vehicle performance, safety, and reliability. Steer-by-wire technology is an enhancement in electric power steering, which uses an electric motor to apply steering force over the rack.

According to MRFR analysis, the global Mountain Bike market is expected to register a CAGR of ~11% from 2022 to 2030 and hold a value of over USD 18 billion by 2030.

The global E-Cargo Bikes Market is expected to register a CAGR of ~20% from 2022 to 2030 and hold a value of over USD 6.0914 billion by 2030.

The Automotive Garage Equipment Market size encompasses a wide array of tools, machinery, and systems utilized in automotive repair and maintenance facilities, commonly referred to as garages.

In recent times, the electric vehicle charging station industry has witnessed a remarkable surge in growth. This surge can be attributed to the rapidly evolving electric vehicle sector and the escalating sales figures of electric vehicles (EVs), leading to an ever-increasing demand for charging infrastructure. Notably, the developm