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Global Gear Demand Rests on Automotive Industry Revival: Fact.MR Study saltlakecitysun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from saltlakecitysun.com Daily Mail and Mail on Sunday newspapers.
FactMR: Global Gear Demand Rests on Automotive Industry Revival: Fact.MR Study Surging popularity of electric vehicles is anticipated to prompt automotive manufacturers to invest in advanced gear solutions to ensure smooth functioning of the vehicle. ROCKVILLE, MD / ACCESSWIRE / January 21, 2021 / The global gear market is forecast to make significant gains, registering an annual growth rate of nearly 6% by 2021-end. Notwithstanding the recessionary impact ushered in by the pandemic crisis, growth projections appear largely optimistic over the next decade, according to a report published by award winning market research company Fact.MR. The market has made unprecedented strides in the past, attributed to a flourishing automotive sector. Amongst all regions, China has remained a highly promising market for automotives, with projections indicating total production reaching 27 billion units by 2017. Hence, Fact.MR projects gear sales to reach US$ 54 Bn by 2021. Furthermo ....
Valeo is revolutionizing e-bike drivetrains This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201215005576/en/ (Photo: Business Wire) Valeo s Chairman and Chief Executive Officer Jacques Aschenbroich commented: One of Valeo s key strategic focuses is accelerating its expansion in the emerging markets for new zero-emissions mobility, including electric small-city vehicles, electric motorcycles and scooters, last-mile autonomous delivery droids and electric bikes. To do this, we are leveraging and adapting the technological platforms that we developed for the automotive industry both those dedicated to ADAS (advanced driver assistance systems) and to low-voltage electrification (48V) The Valeo Smart e-Bike System is the first solution in the world to integrate both an electric motor and an adaptive automatic transmission in the pedal assembly. With this new electric assistance system, the bike ad ....