• The lithium battery market driven by various end-use industries including electrical & electronics, automotive, and industrial, with others, which include medical, military, and textile industries. The electrical & electronics end-use industry is further segmented into smartphones, tablet/PC, UPS, and others. The automotive end-use segment is further segmented into car, bus, truck, scooter & bike, and train & aircraft. Lithium-ion batteries are rechargeable batteries with high-energy density and are majorly used in portable equipment. The market for these batteries is expected to witness significant growth owing to increase in use in smartphones, tablets/PCs, digital cameras, and power tools.

  • Increasing number of countries formulating free trade agreements will boost cargo shipping market. Different free trade agreements such has NAFTA, AFTA, TPSEP, & have helped countries significantly towards strengthening their economies. These agreements not only are responsible for growth in trade between nations but also have direct impact on the shipping industry.