The global demand for automotive glass has declined significantly in 2020, with the Covid-19 pandemic restricting automotive production and reducing new orders in the manufacturing sector. However, long-term prospects remain bullish, with a new report by FMI projecting 4% CAGR through 2030. The report opines that market players will benefit from smart glass technology and the rising …
Monthly Archives: January 2022
Advanced Driver Assistance System (ADAS) Testing Equipment Market by Technology, Application & Geography – Analysis & Forecast to 2031 | CAGR of 12.1% | Says FMI
As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global ADAS testing equipment market reached US$ 222,486 Thousand in 2021. Development of sophisticated ADAS equipment, coupled with increasing adoption of autonomous vehicles in various countries, is identified as key growth accelerators in the report. Owing to these factors, FMI has projected the market …
Electric Bike Market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027) | Top Key Players: ECCITY Motocycles, Hero Electric Vehicles Private Limited, Gogoro Inc., GOVECS GmbH
FMI delivers key insights on the global electric bike market in its latest report titled “Electric Bike Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric bike market remains positive with the market value expected to increase at a CAGR of 3.1% during the forecast period (2017-2027). Among the battery …
Automotive Interior Leather Market Worth Observing Growth: Lear Corporation, Seiren Co., Ltd, GST AutoLeather Inc, BOXMARK Leather GmbH
Globalization of the automobile industry and rising demand for automotive interior customization are expected to remain chief driving factors of the global automotive interior leather market. According to Future Market Insights (FMI), the global automotive interior leather market is estimated to be valued at ~US$ 29.9 Bn in 2021. The COVID-19 pandemic crisis has severely affected …
Golf Cart Market is estimated to be valued ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031
Increasing urbanization and inclination towards the environment friendly options are key factors driving market of golf cart. As per a Future Market Insights (FMI) analysis, the global golf cart market is estimated to be valued at ~US$ 2.59 Bn in 2021, expanding at a CAGR of ~4.3% during the forecast period from 2021 to 2031. While the …
Global Automotive Repair & Maintenance Services Market: Things to Focus on to Ensure Long-term Success| Arnold Clark Automobile Ltd., Asbury Automotive Group Inc., Ashland Automotive Group Inc.
Global automotive repair & maintenance services market is forecast to reach a US$ 544.5 Bn in 2021, with a stable long-term projection, as per the latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. The demand for automotive repair & maintenance services declined in 2020 due to the COVID-19 outbreak. However, sales are …
Lightweight Automotive Body Panels Market is expected to experience an impressive CAGR growth 4.8 % through 2016 to 2026
Future Market Insights delivers key insights on the global lightweight automotive body panels market in its latest report titled “Lightweight Automotive Body Panels Market: Global Industry Analysis and Opportunity Assessment, 2016–2026.” Global sales of lightweight automotive body panels is anticipated to be valued at US$ 99.6 Bn by 2016 end, witnessing a Y-o-Y growth of 3.9% over …
Automotive Lead Acid Battery Market by Technology, Application & Geography – Analysis & Forecast to 2031 | CAGR of 3.3% | Says FMI
The global automotive lead acid battery sales is projected to increasing, enabling the market’s valuation to reach US$ 36.2 Bn in 2031, according to the latest research by Future Market Insights (FMI). The report estimates the market to expand at a steady CAGR of over 3% through the course of 2021-2031. Flooded batteries, followed by enhanced flooded …
Off-Highway Vehicle (OHV) Telematics Market Report Covers Detailed Industry Scope, Future Scenario and Elaborates Outlook to 2031
ESOMAR-certified consulting firm Future Market Insights’ report, projects the global OHV telematics market to record growth at 15.40% CAGR over the forecast period of 2021 and 2031. Growing demand from construction industry is accelerating OHV telematics sales across the globe. Demand for OHV telematics is rising extensively in emerging economies as are becoming more aware for the vehicle safety. …
Ultra-High Performance (UHP) Tire Market Worth Observing Growth: Continental AG, Goodyear Tire & Rubber Company, Michelin Group, Pirelli & C. S.p.A.
The global UHP tires market is projected to reach a valuation of US$ 10.41 Bn in 2021. Increasing demand for high performance vehicles in the automotive sports sector is expected to push sales of UHP tires at 10.9% CAGR, with the market valuation reaching US$ 23.32 Bn in 2031. Rapid expansion of the automotive sector is resulting increasing sales of …