As per the reports published by FMI, the global automotive OEM market demand is projected to have an average-paced CAGR of 4.17% during the forecast period. The current valuation of the market is US$ 35.16 Billion in 2023. The market value of the automotive OEM market is anticipated to surpass a market valuation of US$ …
Monthly Archives: April 2023
Automotive Natural Gas Vehicle Market Share will hit at a CAGR of 7% by 2032 | FMI
The automotive natural gas vehicle market share remains in its infant stage, despite sales growth in the last three to four years. The automotive natural gas vehicle market is expected to grow at a CAGR of 7% between 2022 and 2032. Analyzing Demand for Automotive Natural Gas Vehicles from Asia Pacific The Asia Pacific automotive …
Automotive Steering System Market Share to Hit US$ 24.1 billion in 2023 | Future Market Insights
The global automotive steering system market share is expected to grow at an average CAGR of 4.6% from 2023 to 2033. The target market will accrue a revenue of US$ 38.0 billion in 2033 as opposed to US$ 24.1 billion in 2023. Historically, the market for automotive steering systems registered a CAGR of 2.3% from …
Automotive Door Latch Market size to be worth US$ 9.3 billion by 2033 | CAGR of 4%
The global automotive door latches market size is likely to expand at a CAGR of 4% through 2033. The market is expected to reach a value of US$ 9.3 billion by 2033, from US$ 6.0 billion in 2023. New-age features such as smart sensors and touch-enabled locking systems are appealing to a wider consumer base. Expansion of the …
Global Palletizing Robots Market is projected to grow at a healthy 5.0% CAGR and reach US$ 2,405.5 million during Forecast 2022 to 2032
Palletizing robots are machines that help with the automatic assembly of different products on a pallet. The global palletizing robots market is expected to reach US$ 1,500 million by 2022, with a strong CAGR during the evaluation period. Pallet wrapping functions are an important part of the packaging line workflow before the product is transported …
Dredging Market is Expected to Reach a High Valuation of US$ 22.3 billion during Forecast 2022 to 2032
Revenue from dredging market is predicted to increase from US$ 15.7 billion in 2022 to US$ 22.3 billion by 2032. According to FMI, the market will increase at a 3.7% CAGR during the forecast period. Growing global trade and urbanisation initiatives promote growth, with more than 70% of trade handled by sea by volume and …
Industrial Valves Market is expected to grow at a modest CAGR of 4.3% from 2022 to 2029
The global industrial valves market is expected to be worth approximately US$ 71.8 billion in 2022. Overall demand for industrial valves for controlling material flow is expected to grow at a moderate 4.3% CAGR between 2022 and 2029, reaching US$ 96.2 billion by 2029. Steel will continue to be the most popular material for the …
North America Variable Frequency Drive Market Poised to Garner Maximum Revenues US$ 5.06 billion during forecast 2022 to 2032
The North America Variable Frequency Drive Market is currently worth US$ 4.77 billion and is expected to be worth US$ 5.06 billion by 2032, growing at a CAGR of 6% from 2022 to 2032. North America is known for its preference for machines over human labour. In terms of reliance on these machines, variable frequency …
Oral segment constitutes the bulk of 45% in the Babesiosis Treatment Market in 2023, FMI Report
In 2023, the market for babesiosis treatments is projected to be worth US$1.21 billion. The overall market for babesiosis treatment is anticipated to grow at a CAGR of 5.0% between 2023 and 2033, reaching a value of approximately US$ 1.98 Billion by 2033 due to ongoing advancements in pharmaceuticals and biotechnology for the treatment of babesiosis. The …
Pharmaceutical Cleaning Validation Market is likely to reach a valuation of US$ 32.3 Billion by 2032 | FMI
In 2021, the Pharmaceutical Cleaning Validation market was estimated to be worth approximately US$ 15.7 billion. With a predicted CAGR of 6.8% over the next ten years, the market is expected to be worth about US$ 32.3 billion by the end of 2032. Cleaning Validations are in high demand in the pharmaceutical industry because to the recent …