The electrical steel market is estimated at US$ 42,135.7 million in 2023, with a projected value of US$ 44,326.7 million by 2033. The demand for electrical steel is expected to rise at a CAGR of 6.5% from 2023 to 2033. The electrical steel industry is propelled by the increasing demand for electricity across various sectors, including energy, …
Monthly Archives: January 2024
Used EV Market Size Projected to Hit US$ 40,078.9 Million by 2033 | Future Market Insights, Inc.
The global Used EV Market Size is estimated to be worth approximately US$ 17,890.5 million in the current year, with a projected compound annual growth rate (CAGR) of 8.4% over the forecast period. According to the latest analysis of the global used EV market, it is expected that the market’s total value will reach US$ …
Germany Outbound Tourism Market Aspires to Reach US$ 241,368.5 Million by 2032 | FMI
The Germany outbound tourism market is poised to reach a valuation of US$ 95,266.7 Million in 2022. Sales are projected to increase at a 9.7% CAGR from 2022 to 2032. The market is projected to reach US$ 241,368.5 Million by 2032. Traveling abroad has numerous advantageous economic effects that extend beyond the travel and tourism sector. By boosting the economies of a wide variety …
Automotive Fasteners Market Growth Expected to Achieve 6% CAGR, Projected to Reach US$ 47,174.7 Million by 2032
The automotive fasteners market growth is anticipated to obtain growth at an average CAGR of 6% and is forecasted to reach a valuation of USD 47,174.7 Million by 2032, while it holds a revenue of USD 26,342.1 Million in 2022. In recent times, companies around the world have invested capital in technology research and development units to …
Chemical Testing Services Market Thrives with a Steady 5.4% CAGR Outlook from 2023 to 2033
The chemical testing services market is poised for robust growth, projecting an average Compound Annual Growth Rate (CAGR) of 5.4% from 2023 to 2033. Anticipated to reach a significant share of US$ 52.19 billion by 2033, the market is expected to be valued at US$ 30.84 billion in 2023. This upward trajectory is indicative of …
Automotive Belts Market Size Set to Exceed US$ 21,136.4 Million by 2033 | Future Market Insights, Inc.
The automotive belts market is projected to surpass US$ 14,417.0 million in 2023 and is likely to attain a valuation of US$ 21,136.4 million by 2033.The automotive belts market size is anticipated to thrive at a CAGR of 3.9% from 2023 to 2033. Production of automobiles has increased steadily worldwide, particularly in developing economies. Automotive …
Exploring the Growth Trajectory of the Egg Albumin Protein Market and its Impact on Sports Nutrition, Pet Food, and More
egg albumin protein market With a the market for egg albumin protein is predicted to expand at a compound annual growth rate of 7.3% and reach $2.88 billion by 2032. It is well-liked since it helps athletes recover from injuries and regain their energy and stamina because it absorbs protein into the bloodstream. It is anticipated that …
Automotive Soft Trim Interior Materials Market Share to Reach US$ 9,601.3 Million by 2033
According to forecasts, the automotive soft trim interior materials market share is expected to be US$ 6,007.8 million in 2023 and US$ 9,601.3 million by 2033. The market’s rising demand has encouraged the ongoing development of manufacturing procedures for vehicle interiors. Future vehicle interior producers need to adapt to shifting consumer preferences and grow in …
Acid-Proof Lining Market Poised for Remarkable Growth, Projected to Reach US$ 12,313.08 Million by 2033
The global acid-proof lining market is poised for substantial growth, with a projected valuation of US$ 12,313.08 million by 2033, showcasing a robust compound annual growth rate (CAGR) of 6.2% throughout the forecast period. As of 2023, the market is expected to reach US$ 6,747.17 million, indicating significant expansion. This upward trajectory is driven by …
Decoding the Forecasted 2.5% CAGR Journey of Fire Rated Ducts – A Decade of Sustained Growth and Advancements
According to a recent survey published by FMI, the global Fire Rated Ducts market is expected to grow at a healthy CAGR during the forecast period between 2023 and 2033. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Fire Rated Ducts over the coming decade. Advent of Industry 4.0 …