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Hub Motor Market A Well-Defined Technological Growth Map With An Impact-Analysis 2020 – 2030
Environmental Concerns and High Demand for Lightweight Vehicles to Aid Market Growth
tmrMay 3, 2021 2
The automotive sector over the past couple of decades has witnessed consistent developments in terms of technology and innovations due to a host of factors. Mounting environmental concerns have compelled regulatory authorities around the world to put forward stringent regulations that safeguard the environment. Automotive companies are increasingly focusing on minimizing air pollution and depletion of conventional fossil fuels to gain a competitive edge in the hub motor market for electric vehicle. In their efforts to attain these objectives, automotive companies are pinning their hopes on electric and hybrid hub motors due to which, the demand for hub motors is expected to scale up during the forecast period.
2020 after countering trade tensions and bad weather in
2019, that hampered the rubber planting and harvesting activities throughout North America, the COVID-19 (coronavirus) outbreak has caused more disruption in the market landscape. On the other hand, Indian tire manufacturer Apollo Tyres Ltd. is scaling back its production of passenger vehicles and is instead focusing on the production of agricultural tires in the Netherlands, Europe.
Manufacturers are abiding by the guidelines mentioned in the local health advisory to pursue their production activities amidst the COVID-19 era. As such, many production units have been temporarily shut down to flatten the curve of COVID-19 cases. In due course, companies in the agriculture tire market are taking efforts to evaluate market conditions in order to reopen their manufacturing facilities.
tmrFebruary 14, 2021 20
Incense sticks enhance the experience of meditation through their aroma. Agarbattis convey the image of a temple and a shrine in the mind of an Indian devotee. The sacred perfume emanating from incense sticks changes the whole atmosphere of a place of worship. Incense sticks have been an important element in the performance of religious rites. The main purpose of incense sticks is to spread fragrance.
Exports of incense sticks from India have been increasing in the last few years. Demand for incense sticks is significant from the Southern states of India due to the presence of a large number of temples. Northern and southern region of India combined contribute for around than 65% of incense sticks in India.