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The global rubber tracks for defense and security market is apprehended to follow gradual growth over a 10-year forecast period 2022-2028. According to a recently published research report by Future Market Insights, titled “Rubber Tracks for Defense and Security Market: Global Industry Analysis 2017 – 2021 and Opportunity Assessment 2022-2028,” the market is poised for a CAGR of 3.9% over the …
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Sales in the fifth wheel coupling market stands to grow at 5.7% CAGR between 2021 and 2031 in terms of value. Volume demand is estimated to grow at a CAGR of 5.3% over the forecast period. As per Future Market Insights (FMI), the fifth wheel coupling market represents 4% of the semi-trailer market. Demand in the construction …
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On the backdrop of growing power transmission requirements in off road vehicles and material handling systems, Future Market Insights projects a promising growth outlook for the global hydrostatic transmission market for the next decade estimated at a CAGR value of over 5.9% during 2021-2031. By capacity, in terms of value, medium duty segment will continue to represent …
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The automated material handling systems market is predicted to increase at a CAGR of 9.4% from 2022 to 2027, rising from USD 28.8 billion in 2022 to USD 45.1 billion in 2027. Due to the commencement of COVID-19, the automated material industry is developing primarily due to increased demand for ASRS in the e-commerce industry. growing trend toward smart …
FMI delivers key insights on the global electric vehicle battery market in its latest report titled “Electric Vehicle Battery Market: Global Industry Analysis and Opportunity Assessment 2017-2027.” The long-term outlook on the global electric vehicle battery market remains positive with the market value expected to increase at a CAGR of 8.5% during the forecast period (2017-2027). Among …
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Global automotive wire and cable materials market revenues will grow by 7.3% in 2016, reaching nearly US$ 4 billion in revenues. Growth will be supported by increasing emphasis on safety and vehicle maintenance, as well as increasing installation of infotainment and navigation systems. Steady automotive sales will continue to serve the market well, especially in Asia Pacific, …
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Sales of automotive composites are directly correlated to automotive production and vehicle parc. Despite fluctuating economic conditions in the recent past, on an average, the global automotive market has observed reasonable growth. Efforts to reduce the weight of vehicular components will increase, thereby providing substantial opportunities for the growth of automotive composites market. Request a Sample …
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The air suspension systems market has been witnessing high demands in recent years due to its increasing adoption in commercial vehicles globally. Continuous operations through trucks, and the globally growing rate of freight transport is also expected to encourage the growth of the landscape and have a positive influence on the air suspension systems market during the …
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In a recent market study, ESOMAR-certified consulting firm Future Market Insights (FMI) projects the global air transport MRO market to reach US$ 72.6 Bn in 2021. With gradually increasing air travel and cargo transport rates, the market is poised to exhibit a 4.8% CAGR during the assessment period. Sales of air transport MRO services witnessed a downturn in 2020 due to …
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Escalating levels of air pollution, deteriorating air quality within automotive, and growing passenger awareness regarding safety, comfort, and overall in-car wellbeing has resulted in accelerated global adoption of automotive cabin air quality sensors. In addition to growing awareness, concerns regarding reduction of CO2 and particulate matters coupled with stringent government regulations are the primary drivers shaping …