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Increasing use of advanced technology, such as sensors and traction control systems is boding well for the growth of the global automotive steering system market. However, according to an FMI study, the COVID-19 pandemic continues to obstruct automotive production activities, worldwide, as some of the most affected countries house major automotive production hubs, such as Germany, …
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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 …
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Significantly influenced by efforts of OEMs in development of smart latches that are IoT-integrated, the global market for automotive door latch will see a modest yet promising CAGR of 5% during 2019 – 2027. A recent study of Future Market Insights (FMI) suggests that the favorable policy framework related to vehicle and drivers’ safety and security will …
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The fibre laser market will register positive growth with the overall valuation forecast to surpass US$ 3.1 Bn in 2021. The market’s worth will increase at a compound annual growth rate (CAGR) of 11.1% between 2021 and 2031. Growing research and development activities towards designing high beam quality, environment-friendly and low-cost fibre lasers are the key growth drivers. Increasing government …
As per a Future Market Insights (FMI) analysis, the fire extinguisher market is projected to be appreciated at over ~US$ 3.6 Bn in 2021, growing at a CAGR of ~5.7% over the prediction period of 2021-2031. Increasing industrial and commercial sector applications of fire extinguishers, coupled with the implementation of stringent regulations and building codes are likely to result in increasing …
The refrigerated display cases (RDC) market has been registering high growth over the last few years. This growth is projected to continue over the coming years due to increasing demand from the food retail sector. The increasing population and rapid urbanization in emerging economies will create significant opportunities for growth in the next few years. In its …
Multiple manufacturing processes adopted across diverse industrial verticals are all contingent upon the efficiency of engineering equipment & systems. The need to improve the operability of such systems can be met with the use of gaskets & seals – devices that help connect multiple surfaces & systems to complete a mechanical workflow. Apropos the latest report published …
According to a recent analysis, by Future Market Insights (FMI), the cathodic protection market will glimpse a robust expansion at about 5.6% CAGR through 2028. According to the National Association of Corrosion Engineers (NACE) ‘International Measures of Prevention, Application and Economics of Corrosion Technology (IMPACT)’ study, the global cost of corrosion was over US$ 2,500 Bn in 2013. Global cathodic protection market revenue currently …
ESOMAR-certified consulting firm Future Market Insights’ report on global automotive airbag market project a steady growth at 3.60% CAGR over the forecast period of 2021 and 2031. Growing usage of curtain airbags is increasing the demand for automotive airbags across the globe. Demand for automotive airbags is rising extensively in emerging economies as the consumers in these …
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Construction and mining industries are major adopters of the bulk material handling systems with demand-driven from activities such as ore extraction, crushing, grinding, site-cleaning, demolishing, decommissioning and others. Moreover, continuous migration, growing urbanization, and high value infrastructure projects with healthy investment drive the growth of the bulk material handling market. As per Future Market Insights (FMI) …