Market Research News24

 The electric van market is set to witness extraordinary growth in the coming decade, driven by the increasing shift toward sustainable transportation, government incentives, and the expansion of last-mile delivery services. According to a comprehensive report by P&S Intelligence  the market was valued at USD 13.3 billion in 2024 and is projected to reach USD 101.0 billion by 2032 , representing a staggering CAGR of 29.0% during 2025–2032 . What Are Electric Vans? Electric vans are commercial or passenger vehicles powered by electricity, either through batteries or fuel cells. They offer several advantages over conventional internal combustion engine (ICE) vans, including lower operational costs, zero tailpipe emissions, and reduced environmental impact . As logistics, public transportation, and commercial delivery sectors embrace cleaner technologies, electric vans are increasingly becoming a preferred solution for sustainable urban mobility. Market Segmentation The...

 The natural fiber composite market is witnessing remarkable growth, driven by increasing demand for sustainable, lightweight, and high-performance materials across industries such as automotive, electronics, construction, and sporting goods. According to a comprehensive report by P&S Intelligence  the market size reached USD 407.8 million in 2024 and is projected to grow to USD 595.6 million by 2032 , registering a CAGR of 5.0% during 2025–2032 . What Are Natural Fiber Composites? Natural fiber composites are materials made by reinforcing a polymer matrix with natural fibers such as wood, cotton, flax, kenaf, and hemp . These composites offer several advantages over traditional synthetic composites, including lightweight, biodegradability, low cost, and improved environmental sustainability . As industries worldwide shift toward eco-friendly alternatives, natural fiber composites have emerged as a viable solution, especially in automotive and construction sectors wher...