The global smart fitness market is projected to achieve a total revenue of approximately US$ 46,934.8 million by the year 2033. Over the period from 2023 to 2033, the entire smart fitness industry is forecasted to experience substantial growth, with a (CAGR) of 12.4%. This expansion can be attributed to the rising consumer demand for …
Monthly Archives: October 2023
Plug-in Hybrid Electric Vehicles (PHEV) Market: Anticipating Robust Growth with 18.5% CAGR by 2032
The global plug-in hybrid electric vehicles (PHEV) market is poised for robust growth, with a projected Compound Annual Growth Rate (CAGR) of 18.5% during the forecast period spanning from 2022 to 2032. In 2022, the market’s estimated value stood at US$ 69,720.5 Million, and it is expected to surge significantly, potentially reaching an impressive US$ …
Electric Vehicle Motor Market Set to Reach US$ 18.09 Billion by 2032 | Future Market Insights, Inc.
The global electric vehicle motor market is worth US$ 8.68 Billion as of now and expected to reach US$ 18.09 Billion by the year 2032 at a CAGR of 8.5% between 2022 and 2032. Electric vehicles are being increasingly asked for due to strict government regulations regarding carbon emissions. As per the European Climate Foundation, …
North America Underground Mining Vehicle Market to Reach US$ 8,795.08 Million by 2033, Growing at 6% CAGR
The North America underground mining vehicle market is anticipated to attain a valuation of US$ 4,891.72 million in 2023 and is estimated to reach US$ 8,795.08 million by 2033, trailing a CAGR of 6% during the forecast period. Rising investment in mining and industrialization, coupled with the adoption of artificial intelligence and machine learning technologies, …
Europe Trolley Bus Market: Projected to Reach US$ 999.1 Million by 2033 | Future Market Insights, Inc.
As per the latest report from Future Market Insights (FMI), the Europe Trolley Bus Market is projected to reach a valuation of US$ 999.1 million by the year 2033. The market is anticipated to grow at a moderate CAGR of 2.7% during the forecast period. By 2023, the market is expected to achieve a significant …
Hybrid Vehicles Market Set to Surge: Projected to Exceed US$ 232 Billion in 2023 | Future Market Insights, Inc.
The Hybrid Vehicles Market size is estimated to surpass US$ 232 Billion in 2023 and is anticipated to hit a valuation of US$ 1.6 Trillion by 2033. The hybrid vehicles market share is predicted to thrive at an astronomical CAGR of 21.6% from 2023 to 2033. The expansion of EV infrastructure, including charging stations, is …
Biopharma Plastics Industry Gains Stability and Growth Momentum as Demand Surges for Premium Polymers in Single-Use Applications
Depth filters, syringes, and containers are among the applications that benefit from Biopharma Plastics‘ increased stability. The market has grown as a result of an increased demand for using premium polymers in the manufacture of single-use biopharma plastics. The market for biopharma plastics and polymers is anticipated to be driven by rising healthcare costs and rising …
Zero Friction Coatings Market Set to Soar: Anticipated Worth US$ 1,575.59 Million by 2033 with 6% Growth Rate, Transforming the Automotive and Machinery Industries
The global zero friction coatings market size is anticipated to hold a market value of US$ 879 Million in 2023 and US$ 1,575.59 Million by 2033. The projected growth rate is nearly 6% during the forecast period from 2023 to 2033. Growth can be attributed to the fact that these coatings reduce friction and wear resulting in …
Rising Environmental Concerns Drive Nanocellulose Industry Growth, Set to Replace Plastics and Conventional Cellulose: FMI Research Predicts US$ 2,725.5 million Market by 2033
The nanocellulose industry is predicted to grow at a CAGR of 18.5% over the forecast period, according to research by Future Market Insights. The industry’s estimated value is expected to increase from US$ 492.96 Million in 2023 to US$ 2,691.50 Million by 2033. The nanocellulose market size is being propelled by the growing deployment of eco-friendly …
Future Market Insights Forecasts a 4.0% CAGR, Predicting a US$ 439.2 million Potassium Fluoborate Market by 2032
According to Future Market Insights (FMI), demand for potassium fluoborate is estimated to reach US$ 439.2 Million by the end of 2032. The potassium fluoborate market is expected to grow at CAGR of 4.0% owing to consistent demand from end-use industries such as automotive, metal processing, oil & gas, and others. Growth in the market is driven by …