综合对比货物属性、运输方式和行业格局、集运是海运行业中周期相对较弱的分支，在资本市场上往往能获得相对更高的估值水平。目前行业发展至成熟后期，渗透率基本见顶，业务量再难回到高增长状态。与此同时，低业务增长下效率和规模为王，行业在不断出清，目前呈现出的特点是头部格局稳定，且份额不断提升。

市场回顾：2021 年9 月~10 月（2021.9.27~2021.10.29），国防军工(申 万)指数下跌2.23%，涨跌幅居申万28 个子行业中第11 名，相对上证 综指、沪深300、创业板指、WIND 全A 的超额收益率分别为-0.41pcts、 -3.45pcts、-6.68pcts 和-0.99pcts。

10 月25 日上证指数上涨0.76%，沪深300 上涨0.4%，创业板综上涨1.60%，中证1000 上涨1.26%。Wind 11 个一级行业分类中，工业、信息技术和电信服务指数分别实现2.00%、0.71%和0.65%的涨跌幅。

The study assesses the global two-wheeler (2W) industry. It not only presents a holistic view of all regions in the world, but also focuses on key countries that dominate the global industry, such as India, China, Vietnam, Indonesia, the Philippines and Thailand. This research service offers insights into the production, sales, and OEM strategies. This study outlines future growth opportunities in key technology areas, such as connected services, advanced rider assistant technologies, shared mobility services, and electric vehicle strategies. It also provides a sales forecast until 2025 and a forecast discussion for each country.

Need for Flexible and Reliable Digital Technology: Customers seek higher value propositions from cost-effective, data-driven products and services. Advanced technologies, such as the IIoT and AR/VR, enhance firms’ utilization of meaningful data, minimize aircraft downtime, extend equipment life, and decrease operating costs.

Bike sharing is referred to a bike rental service for short to medium distance commuting for a price or free. It is available at on-street docked or dock-less stations, which allow commuter to borrow a bike and return it at another same station. Most large-scale urban bike sharing programs have numerous bike check-out stations, and operate much like public transit systems, catering to tourists and visitors as well as local residents. Bike sharing systems have also been cited as a way to solve the last mile problem of public transit networks. These services are an innovative solution to the urban mobility challenges and are an effective way of promoting urban cycling and contributing to a more sustainable and environmentally friendly mobility.