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Automotive Stainless Steel Tube Market Size Forecast to Reach US$5.1 Billion by 2026

“Automotive Stainless Steel Tube Market”

Stringent Emission and Fuel Economy Regulations is Driving the Growth of Automotive Stainless Steel Tube Market

Automotive stainless steel tube market size is forecast to reach US$5.1 billion by 2026, after growing at a CAGR of 3.8% during 2021-2026 owing to the rising usage of stainless steel tubes used in automotive components such as transmission systems, tube hydroforming, exhaust system, coolant tube, welded tubes, and more due to its extensive set of characteristics of steel such as flexible design, cost-efficient, affordable repairs, high tensile strength, stiffness, fracture toughness, abrasion resistance, lightweight, puncture resistance, durability, and more. Stainless steel has become one of the most widely used components in the automotive industry due to its high strength-to-weight ratio, which aids in vehicle weight reduction features. Furthermore, the constant production of vehicles and the anticipated stability in regulatory and price attributes in the steel industry penetrates the

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Automotive Digital Key Market records a CAGR of over 7% by 2025| 17000+ Technavio Reports | State

NEW YORK, Aug. 30, 2021 /PRNewswire/ — According to the latest market research report on Automotive Digital Key Market from Technavio, the market is expected to expand at a healthy CAGR of over 7%. The growth can be mainly attributed to the increasing demand for car-sharing and car rental services.

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With the gradual recovery of markets from the aftermath of COVID-19 pandemic, the Automotive Digital Key Market industry is likely to witness a negative impact during the forecast period.

Companies across the globe are focusing on creating a Resilient Business Model in the Face of COVID-19. Vendors are continuing their ongoing operations while building resilient business models as the path to recovery from the pandemic is being carved out.

The recovery process involves various phases including:-

  •  Adjust their
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Karma goes after fleet market with plans to electrify commercial trucks

Karma Automotive is looking to make the improbable leap from luxury cars to commercial trucks.

The California-based company announced Monday that it will offer engineering and contract-manufacturing services to fleet customers under the “Powered by Karma” banner. The plan is to offer modular electrified powertrains for a variety of applications, including buses, RVs, step vans, and box trucks, a Karma press release said.

Karma will display two such vehicles—a delivery van and a shuttle bus—Advanced Clean Tech (ACT) Expo this week in Long Beach, California, but didn’t discuss any pending orders for the vehicles.

2021 Karma GS-6

2021 Karma GS-6

The powertrain package Karma plans to offer is designed for Class 3-6 commercial vehicles, with maximum output of 268 horsepower and 1,327 pound-feet of torque. This seems like another iteration of Karma’s previous efforts to enter the commercial-vehicle sector.

Karma has been working on a new platform for commercial vehicles—potentially also to

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All-Electric Car Market Share Expands To 2.5% In H1 2021

The U.S. all-electric car market quickly expands this year, although it still has a lot to do to catch up with Europe and China.

According to the latest data from Experian (via Automotive News), the number of new BEV registrations has more than doubled during the first half of 2021 – from 98,351 in H1 2020 to 214,111 in H1 2021. That’s an increase of almost 118% year-over-year, but let’s remember that a year ago the situation was challenging due to lockdowns.

Anyway, the market share has improved from 1.5% a year ago to 2.5% in H1 2021 (up from 2.3% in the first four months of 2021, 1.8% in 2020 and 1.4% in 2019), which means that one in 40 new cars registered was all-electric. Similar data wad reported Cox Automotive and Kelley Blue Book.

The market is expanding thanks to growing demand for electric

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