According to FMI’s analysis, the automotive oil market is expected to grow at a compound annual growth rate (CAGR) of 2.6% over the predicted period. It is anticipated that the sector would grow to a market value of US$ 53,523.0 million by 2023. Throughout the automotive industry, demand for engine vehicles with supreme level performance …
Monthly Archives: November 2023
By 2033, the Headwear Market is Expected to be Valued US$ 53.51 Billion | FMI
The global headwear market is expected to develop at a compound annual growth rate (CAGR) of 6.6%. As per the FMI research report, it is anticipated that the worldwide market will be valued at US$ 28.24 billion by 2023. By 2033, the market is anticipated to be valued at US$ 53.51 billion. With the population and fashion trends consistently …
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Contract Furniture Market is Expected to Reach a Value of US$ 268.86 Billion by 2033 | FMI
The contract furniture market is expected to reach a value of US$ 148.72 billion in 2023 and US$ 268.86 billion in 2033. Initially, from 2018 to 2022, the global market was growing at a CAGR of 6%. The growth of technology has increased the demand for contract furniture and decor. Large tech firms are steadily promoting the expansion of the global economy. …
Magnetic Closure Boxes Market worth US$ 8.2 billion by 2033: Exclusive Report by FMI
The global magnetic closure boxes market is poised to achieve a market value of US$ 5.14 billion in 2023, with projections indicating a further increase to US$ 8.2 billion by exhibiting a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period from 2023 to 2033. Notably, the magnetic closure boxes market recorded a …
Chemistry 4.0 Market Poised for Robust Growth: Anticipated 9.7% CAGR Projections Over the Forecast Period 2033
With a predicted CAGR of 9.7% during the forecast period, the chemistry 4.0 market is expected to increase from US$ 70.82 billion in 2023 to US$ 178.73 billion by 2033. The primary drivers of chemistry 4.0 market growths are the manufacturing sector’s rapid adoption of artificial intelligence (AI) and the Internet of Things (IoT), as …
North America Sporting Goods Market is Securing a CAGR of 8.5% During the Forecast Period 2033 | FMI
The sporting goods industry in North America is expected to reach US$ 336.32 billion by 2033, from its estimated size of US$ 148.75 billion in 2023. For the duration of the projection, the market is expected to grow at a CAGR of 8.5%. How is the Market Indirectly Helping Patient’s Health and Well-being? The North …
Diamond Jewelry Market is Anticipated to Progress at a CAGR of 4.5% to Surpass US$ 552.74 Billion by 2033 | FMI
In 2023, the global market for diamond jewellery is projected to be worth US$ 355.93 billion. It is projected that the market would grow at a 4.5% compound annual growth rate and reach US$ 552.74 billion by 2033. The diamond jewelry industry has experienced remarkable growth in recent years, primarily driven by the increasing demand …
Automotive Sunroof Market Poised to Surge to US$ 21.09 Billion by 2033, Driven by a Robust 11% CAGR
The automotive sunroof market is likely to hold a valuation of US$ 21.09 billion by 2033. As of 2023, the market value is US$ 7.42 billion. As the automobile industry grows, the automotive sunroof market is expected to expand at a CAGR of 11% from 2023 to 2033. By the end of 2023, more than …
Household Appliances Market is Expected to Grow at a Significant CAGR of 6.50% During the Forecast Period 2033 | FMI
The market for household appliances is anticipated to grow from its estimated US$ 707.52 billion in 2023 to US$ 1,328.11 billion in 2033. Over the projection period, household appliance sales are anticipated to increase at a noteworthy compound annual growth rate of 6.50%. Germany is experiencing a surge in demand for advanced consumer appliances, including …
Advanced Polymer Composites Market Projected to Exceed US$ 19.73 Billion Valuation by 2032
The global advanced polymer composites market is anticipated to grow at an average annual rate of 5.9% over the course of the forecast period, according to data released by FMI. As of 2022, the market is valued at US$ 11.12 billion. The value of the advanced polymer composites market is anticipated to surpass a valuation …