Global Vehicle License Plate Market Analysis & Forecast (2018-2022): The Increasing Amount of Vehicle Registrations Year-on-Year is Driving Growth

World News: . []

Dublin, Dec. 06, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering. One trend in the market is growing popularity of RFID-based license plate. RFID tags are traditionally placed on the windshield to allow the RFID readers at the toll plazas to extract the vehicle identification number and make online toll payment. RFID tags are now being embedded into the electronic license plate.According to the report, one driver in the market is increasing vehicle registrations year-on-year. The growth in emerging markets, in line with the ongoing industrialization, and global trade activity. particularly in the BRIC countries. has been vigorous. Over the last few years, China has maintained its position as the world's largest automotive market. The automotive market in India is dynamic and is rapidly growing: therefore, many auto OEMs are entering the market to tap the huge potential.

Further, the report states that one challenge in the market is rise in use of car sharing services and alternate transportation. Car sharing service is a car rental model, wherein people rent cars for a short period, often by the hour. This model is attracting customers who occasionally use vehicles and want to drive different vehicles. The car-sharing market provides a cost-efficient solution for vehicles owners.

PART 05: MARKET SIZING

PART 06: FIVE FORCES ANALYSIS

PART 07: MARKET SEGMENTATION BY APPLICATION

PART 08: CUSTOMER LANDSCAPEPART 09: REGIONAL LANDSCAPE

PART 10: DECISION FRAMEWORKPART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

PART 13: VENDOR LANDSCAPE

PART 14: VENDOR ANALYSIS

For more information about this report visit

Research and Markets also offers services providing focused, comprehensive and tailored research.


CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Automotive Body, Trim and Glass

More news and information about Research and Markets

Published By:

Globe Newswire: 13:05 GMT Thursday 6th December 2018

Published: .

Search for other references to "global" on SPi News


Share

Previous StoryNext Story

SPi News is published by Sector Publishing Intelligence Ltd.
© Sector Publishing Intelligence Ltd 2018. [Admin Only]
 
Sector Publishing Intelligence Ltd.
Agriculture House, Acland Road, DORCHESTER, Dorset DT1 1EF United Kingdom
Registered in England and Wales number 0751938.
 
Privacy Policy | Terms and Conditions | Contact Us