According to Future Market Insights, the global automotive repair & maintenance services market is expected to be valued at US$ 915.88 billion in 2023. From 2023 to 2033, the market is projected to rise at a CAGR of 7.2% to reach US$ 1,850 billion. The market presents significant market opportunities for key players due to …
Monthly Archives: December 2023
The US$ 765 Million Journey Unveiling the 3.4% CAGR Surge in the Global Crystalline Fructose Market by 2032 Driven by R&D Innovations
The global crystalline fructose market is set to achieve a stable 3.4% CAGR from 2022 to 2032, reaching $765 million by 2032 from $532 million in 2022. This growth is driven by strong R&D efforts and technical capabilities, allowing companies to expand their market share. The higher sweetness of crystalline fructose compared to high fructose …
A Comprehensive Look at the US$ 52.42 Billion Pre-Book Airport Transfer Market and its 23.6% CAGR Projection by 2031 | FMI
The global pre-book airport transfer market at a CAGR of 23.6% between 2021 and 2031. Integration of artificial intelligence (AI), chat-bot, digital payment and other advanced technology in airport transfer services is gaining immense popularity in the pre-book airport transfer market. Against this backdrop, key players are consistently focusing on introducing innovative technologies for better services. Adoption of AI in …
The Journey to US$ 81.07 Billion Exploring the 4.3% CAGR Surge in the Sugar Confectionery Market by 2033 Amidst Growing Indulgence
The sugar confectionery market is poised to hit $81.07 billion by 2033, marking a 4.3% CAGR from 2023’s $53.21 billion valuation. Its growth is driven by rising demand for indulgent treats, especially among younger consumers, alongside global population growth, particularly in developing regions with increasing discretionary income for food purchases. The sugar confectionery market is anticipated to …
Exploring the US$ 989.2 Billion Surge in the Global Fermented Foods and Beverages Market by 2032 Driven by Alternative Protein Trends
By 2032, the fermented foods and beverages market expected to expand by 5.6% to reach US$ 989.2 billion globally. The global upsurge in fermented product consumption is the cause of this. Alternative protein sources are becoming more popular among producers and consumers due to worries about animal welfare and carbon footprint. The global fermented foods and …
Exploring the Growth Trajectory of the Camping and Caravanning Market, Forecasted at 7.5% CAGR by 2030 | FMI
The global camping and caravanning market to rise at a CAGR of 7.6% between 2020 and 2030, Future Market Insights foresees stable growth for the market. Nowadays, most of the countries, such as the Philippines, India, Thailand, Brazil, and UAE, are significantly investing in their airports to improve arrival/departure facilities for a large number of tourists in the foreseeable future. Moreover, players in …
The Cannabis Drinks Market’s Journey to an US$ 8.3 Billion Valuation by 2032 Amid Evolving Health Benefits
The cannabis drinks market is booming due to expanding legalization and evolving consumer views. Innovative products, from CBD-infused waters to THC-laced beers, cater to diverse preferences. Health benefits like improved sleep, weight loss, and anxiety reduction drive the projected 37.3% CAGR growth to reach a US$ 8.3 billion valuation by 2032. The Cannabis Drinks Market is …
Thermal Insulation Material Market Projected to Reach US$ 122 Billion by 2033 with a 5.6% CAGR
The thermal insulation material market is poised for significant growth, projected to reach US$ 70.74 billion in 2023 and surge to US$ 122 billion by 2033, reflecting a robust 5.6% Compound Annual Growth Rate (CAGR). This anticipated expansion is fueled by the widespread use and affordability of insulation materials, which boast versatile properties suitable for diverse end-use …
Wind Turbine Composite Materials Market Anticipates 7.14% Growth by 2032 Driven by Surging Demand and Advancements in Carbon Fiber Applications
By 2032, the wind turbine composite materials market is expected to be valued at US$ 25.4 billion, with sales expected to rise at a strong compound annual growth rate (CAGR) of 7.14% from 2022 to 2032. It is anticipated that the target market will increase from its estimated US$ 12 billion in 2021 to US$ …
Unveiling the US$ 13.7 Billion Surge Exploring Southeast Asia’s Desiccated Coconut Market Growth, Millennial Fascination by 2032
The desiccated coconut market, estimated to be worth $8.2 billion in 2022 and expected to grow at a 5.3% CAGR to US$ 13.7 billion by 2032. Southeast Asia, a region well-known for its coconut farms, uses this item extensively in Indian, Indonesian, and Burmese cuisines. It is also becoming more and more popular in a …