The electric vehicle battery market is forecast to experience a growth of 8.5% CAGR over the estimated time, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 9,402.3 million in 2023. Top Highlights from the FMI’s Analysis of the Electric Vehicle Battery Market: The United States electric vehicle …
Monthly Archives: December 2023
Tennis Equipment Market is Likely to Advance at a CAGR of 2.6% from 2023 to 2033 | FMI
The market for tennis equipment is projected to be worth US$ 1.75 billion by 2033, up from an estimated US$ 9.24 billion in 2023. From 2023 to 2033, sales of tennis equipment are projected to increase at a CAGR of 2.6%. Racquets are expected to contribute the highest revenue share in the global tennis equipment market in 2022. In recent years, increasing …
Retread Tire Market Projected to Surpass US$ 20 Billion by 2033 | Future Market Insights, Inc.
The global retread tire market is anticipated to reach USD 11.2 billion in 2023 and is expected to be worth USD 20 billion by 2033, trailing a CAGR of 6% during the forecast period. The market is expected to experience significant growth, primarily influenced by the increasing prices of new tires, particularly for sports utility …
Gemstone Market is Expected to Exhibit a CAGR of 5.6% from 2023 to 2033 | FMI
The gemstone market is projected to be worth US$ 32.38 billion in 2023 and is anticipated to grow to US$ 55.96 billion by 2033, according to recently released research from Future industry Insights (FMI). Through 2033, the market is projected to grow at a compound annual growth rate of 5.6%. 50% of the whole gem and jewellery market is made up of the …
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Automotive Performance Tuning and Engine Remapping Services Market Projected Growth to US$ 1,100 Million by 2033
As per Future Market Insights, the global automotive performance tuning and engine remapping services market is estimated to attain a valuation of US$ 586.22 million in 2023. The market is expected to reach US$ 1,100 million by 2033, rising at a CAGR of 6.4%. The market growth is expected to be driven by increasing demand …
Natural Cosmetics Market is Projected to Reach at a CAGR of 5.1% by 2033 | FMI
As per newly released data by Future Market Insights (FMI), the natural cosmetics market is estimated to reach at US$ 48.4 Billion in 2023 and is projected to reach US$ 79.6 Billion by 2033. The market is expected to grow at a CAGR of 5.1% from 2023 to 2033. The demand for natural cosmetics will continue to grow as consumers become more health-conscious …
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3D Scanners Market Set for Remarkable 14.5% Year-on-Year Growth, Anticipating a US$ 9.65 Billion Peak by 2030
The 3D scanners market is projected to reach US$ 9.65 Billion by 2030, at a CAGR of 14.5% between 2022 and 2030. 3D scanners have been witnessing huge adoption for commercial use cases. In addition, the flexibility of 3D scanning technology to be customized as per professional requirements in several industries has boosted its adoption across prominent end-use industries. Case in …
Christmas Tree Valves is Anticipated to Reach US$ 4.4 Billion at a CAGR of 3.9% by 2033 | FMI
As per newly released data by Future Market Insights (FMI), the Christmas tree valves market is estimated at US$ 3 billion in 2023, and is projected to reach US$ 4.4 billion by 2033, at a CAGR of 3.9% from 2023 to 2033. The popularity of remote monitoring and rapid adoption of automation solutions are helping the Christmas tree valve market expansion in the …
Digital Signature Market Set to Skyrocket with a 20.8% CAGR, Expected to Reach US$ 21,455.6 Million by 2023
The digital signature market is on a remarkable growth trajectory, with a projected value of US$ 21,455.6 million expected by 2023. This flourishing market shows no signs of slowing down, as it is anticipated to maintain a robust value (CAGR) of 20.8% from 2023 through to 2033 The increasing reliance on digital transactions, the need for secure and authenticated electronic documents, …
Women’s Footwear Market is Likely to Advance at a CAGR of 3.8% During the Forecast Period 2033 | FMI
The Women’s Footwear Market is predicted to be valued at US$ 185.95 billion in 2023 and US$ 270 billion by 2033. Over the projection period, sales of women’s footwear are expected to increase at a CAGR of 3.8%. As consumers’ preferences shift towards sustainable and ethical fashion, there is a rising demand for eco-friendly footwear options. Brands …