The global electric cargo bike market size is expected to attain a valuation of US$ 2.1 billion in 2023 and is projected to reach US$ 6.2 billion by 2033, expected to rise at a CAGR of 11.4% during the forecast period. The rise of e-commerce has sparked an increased need for last-mile delivery services, a …
Monthly Archives: July 2023
Compact Wheel Loaders Market to be worth US$ 6.64 Billion by the year 2029
According to a new research report published by Future Market Insights (FMI), the compact wheel loaders market is anticipated to top US$ 6.64 Billion, growing at a CAGR of 3.3% during the forecast period 2022 to 2029. Compact wheel loaders are utilized in several industries to load materials from one place to another. They are majorly used in the construction …
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Structural Adhesives Market Set to Reach US$ 21.3 Billion by 2033 with a CAGR of 5.6%
The market for structural adhesives is anticipated to be worth US$ 12.3 billion in 2023 and US$ 21.3 billion by 2033. During the projection period, structural adhesive sales are anticipated to expand at a substantial CAGR of 5.6%. The global structural adhesives market is expanding as a result of both technological developments in the production …
Global 3D Cell Culture Market to Witness Impressive Expansion at a CAGR of 9.8% from 2022 to 2031, FMI Study Reveals
The global 3D cell culture market is currently valued at US$ 1.15 billion and is expected to grow at a 9.8% CAGR during the forecast period to reach US$ 2.67 billion by 2031. The 3D cell culture market revenues surpassed US$ 778 million in 2018, as per a new FMI study. The market is estimated to grow at 7.8% y-o-y in 2019; key factors responsible for the projected market growth include, A steady rise in global research and development expenditure Efforts to leverage the potential of 3D cell culture to …
Smart Motors Market is estimated to expand at a steady pace of 5.2% between 2023 and 2033
The smart motors market is forecasted to garner revenue of US$ 3.2 billion by 2033, up from US$ 1.9 billion in 2023 advancing at a rate of 5.2% from 2023 to 2033. The smart motors market has been witnessing significant growth in recent years, driven by the increasing adoption of industrial automation and the integration …
Europe Automotive Tire Market to grow at a rate of 4.8% from 2023 to 2033
As per Future Market Insights (FMI), the Europe automotive tire market value is projected to rise from US$ 68.4 billion in 2023 to US$ 108.7 billion by 2033. Sales of automotive tires across Europe are likely to soar at 4.8% CAGR throughout the forecast period. Rapid growth of automotive sector, adoption of electric vehicles, and …
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Residential Hobs Market Size to Extend US$ 24.5 Billion by 2027 | CAGR of 6.3%
The residential hobs market size is valued at US$ 17 Billion in 2021. The market is likely to grow at a CAGR of 6.3% through 2027, reaching US$ 24.5 Billion. In the global residential hobs market, prominent companies are emphasizing innovative product features to match the pace of technological advancements, thereby strategizing on new product launches. Moreover, a major focus …
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Global Magnesium Chloride Market to Expand at 4.3% CAGR, Driven by Increasing Demand from Deicing and Chemicals & Derivatives Sectors
According to a recent market report by Future Market Insights (FMI), the worldwide magnesium chloride market is expected to grow at a consistent 4.3% CAGR between 2021 and 2031. Demand for magnesium chloride is increasing as a result of rising demand for deicing services. Due to the rising need for deicing products, the chemicals and …
Sports Medicine Market Set to Grow at 5.3% CAGR, Estimated to Reach US$11.4 Billion by 2032 – FMI Analysis
In 2022, the market for sports medicine will reportedly be worth US$6.8 Billion. reaching US$ 11.4 Billion by 2032, growing at a CAGR of 5.3%. According to the report, body reconstruction products will dominate the global market in 2021 with a market share of about 81.3%. The global sports medicine market is poised to witness …
Portable Air Conditioner Market is Projected to Reach US$ 1.3 Billion by 2027 | Report By FMI
The portable air conditioner market size is expected to reach US$1.1 Billion in 2022, likely to surge at a vigorous 2.9% CAGR during the assessment period. Portable air conditioner sales closed in on around US$ 1 billion in 2018, which are envisaged to witness a sluggish below-3% growth in 2019. According to a new study of Future Market Insights (FMI), more …