The automotive tire market is expected to grow at a CAGR of 6.6% from 2023 to 2033. The market is valued at US$ 503.9 Billion as of 2023, and by 2033, the market is expected to hit a valuation of US$ 958.8 Billion. The stringent safety norms pertaining to road are expected to surge the …
Monthly Archives: April 2024
Infant Formula Market Poised to Surge at a CAGR of 8.7% Through 2034 Amid Increasing Adoption of Infant Formula as a Substitute for Breast Milk
According to Future Market Insights (FMI), the global infant formula market is projected to witness substantial growth, increasing from US$ 50,126 million in 2024 to US$ 1,15,326 million by 2034. The market is expected to surge at a CAGR of 8.7% during the forecast period. The infant formula market is growing due to factors such …
Electric Light Commercial Vehicle Market Soars to US$ 271.9 Billion by 2023 with 12% CAGR
The electric light commercial vehicle market was valued at around US$ 173 billion in 2019. In the following five years, sales of electric light commercial vehicles surged at a 12% CAGR and reached US$ 271.9 billion by 2023. The demand for electric light commercial vehicles is expected to be valued at 303.2 billion in 2024. …
Automotive Wiper Blades Market to Reach US$ 8,788.3 Million by 2033 with 5.9% CAGR
The automotive wiper blades market share is projected to be valued at US$ 4,953.9 million in 2023 and is expected to rise to US$ 8,788.3 million by 2033. The sales of automotive wiper blades are expected to register a significant CAGR of 5.9% during the forecast period. Automotive wiper blades are crucial in ensuring clear …
Capitalizing on Health Trends: Investing in the Growing Fruit Concentrate Puree Market Projected to Reach US$ 3.88 Billion by 2034 with 7.2% CAGR | FMI
The fruit concentrate puree market is evaluated to be sized at US$ 1,932.0 million in 2024. During the period from 2024 to 2034, the market is expected to progress at a healthy clip, registering a CAGR of 7.2%. By 2034, the fruit concentrate puree market is anticipated to have reached a value of US$ 3,882.2 million. Fruit Concentrate Puree Market …
Automotive Stamping Market Projected to Reach US$ 18,460.7 Million by 2033
According to forecasts, the automotive stamping market demand is expected to be US$ 11,014.5 million in 2023 and US$ 18,460.7 million by 2033. Due to a rise in vehicle production throughout the area, Asia-Pacific is now leading the automotive metal stamping industry. The market is projected to experience significant development due to the region’s rapidly …
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Used E-Scooter Market Share Set to Surge to US$ 919.7 Million by 2032
As per the study at FMI, the used E-Scooter market share was valued at US$ 671.2 million in 2022 and is expected to reach US$ 919.7 million by 2032, growing at a 3.2% CAGR. People are turning towards electric vehicles as they help with environmental concerns, technological integrations and new fuel and cost-friendly prospects, fuelling the sales …
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Off-Highway Vehicle (OHV) Telematics Market Set to Reach US$ 2,154.3 Million by 2033
The off-highway vehicle (OHV) telematics market is expected to be valued at US$ 488.3 million in 2023, rising to US$ 2154.3 million by 2033. The off-highway vehicle (OHV) telematics market is predicted to develop at a 16% CAGR between 2023 and 2033. The forecast for the OHV telematics market remains positive, mostly due to the …
Ticking Upward: Women’s Watch Market Set for Steady Rise at a CAGR of 6.1% by 2031
Forever, women have watches according to shades of cloths which fuels the global women’s watch market during the forecast period. Also, new watch launches by key players like Rado, Audemars Piguet, Louis Vuitton, and fossil are assumed to give a positive impact on the women’s watch market As a result, the women’s watch market is set …
Stepping Up in Style: Ankle Boots Market Expected to Reach US$ 1.27 Billion by 2033
The ankle boots market is anticipated to flourish at an average CAGR of 3.8% between 2023 and 2033. The market is expected to hold a market share of US$ 1,270 million by 2033, while the market is likely to reach a value of US$ 874.7 million in 2023. The new vintage fashion trend, along with the unisex consumption of ankle boots, is expected …