The global automotive steering system market is expected to grow at an average CAGR of 4.6% from 2023 to 2033. The target market will accrue a revenue of US$ 38.0 billion by 2033 as opposed to US$ 24.1 billion in 2023. Historically, the market for automotive steering systems registered a CAGR of 2.3% from 2015 …
Monthly Archives: April 2024
Automotive OEM Market Poised for Robust Growth: Forecasting a 4.17% CAGR to Exceed US$ 52.90 Billion by 2033
The global automotive OEM market is expected to grow at an average CAGR of 4.17% over the forecast period. The market’s current worth is US$ 35.16 billion in 2023. By 2033, the automobile OEM industry is expected to be worth more than US$ 52.90 billion. It is analyzed by the experts that demand for a …
Global Blister Packaging Market is Expected to Reach at a US$ 55.1 Billion by 2034 | FMI
The blister packaging market is projected to grow significantly in the coming years. The market size is expected to reach US$ 13,953.6 million in 2023 and rise to US$ 26,940.0 million by 2033. The sales of blister packaging are anticipated to thrive at a CAGR of 6.8% during the forecast period. The global pharmaceutical sector’s increasing production output has created a significant demand …
Sachet Packaging Market is Further Projected to Reach US$ 17,381.9 Million, Registering a CAGR of 5.9% by 2033 | FMI
The global sachet packaging market is expected to attain an impressive valuation of US$ 9,814.3 million in 2023 and is projected to reach US$ 17,381.9 million by 2033, expanding at a CAGR of 5.9% from 2023 to 2033. The portability and on-the-go functionality of sachet packaging is redefining the concept of its consumption which is fostering growth in the market. Rising consumer …
Bulk Container Packaging Market is Expected to Evolve at a Healthy Rate from 2024 to 2034, with a CAGR of 6.2% | FMI
The bulk container packaging market is slated to have a valuation of US$ 20.2 billion in 2024. The progress of the market is anticipated to record a significant growth of 6.2% from 2024 to 2034. By 2034, the valuation of the bulk container packaging industry is forecast to be US$ 37.2 billion. The reinvigoration of the chemical, pharmaceutical, and other industries post-pandemic …
Powering the Future: Lithium and Lithium Ion Battery Electrolyte Market Anticipated to Reach US$ 17.9 Billion by 2034
The lithium and lithium ion battery electrolyte market is expected to be valued at US$ 5,281.63 million in 2024. The market is projected to progress at a CAGR of 12.2% over the forecast period. By 2034, the value of the market is forecasted to reach US$ 17,928.86 million. The acceleration of the market is a …
Gummed Tapes Market is Expected to Reach at a US$ 1.9 Billion by 2031 | FMI
The global gummed tapes market is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 6.2% during the assessment period from 2021 to 2031. According to a new forecast by Future Market Insights (FMI), sales of gummed tapes are anticipated to nearly double between 2021 and 2031. Market Dynamics The gummed tapes market …
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Aircraft Tube and Duct Market Share to reach US$ 6,229.4 Million by 2033
The global aircraft tube and duct market in 2022 was US$ 1,300 million and is estimated to be valued at US$ 2,650.23 million in 2023. As Per Future Market Insights estimation, the aircraft tube and duct market is projected to expand at a CAGR of 8.92% between 2023 and 2033, totaling around US$ 6,229.4 million …
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Pet Insurance Market Booming: Wagging Tails and Soaring Growth at a 16.8% CAGR by 2033
A projected compound annual growth rate (CAGR) of 16.8% signifies a robust expansion in the pet insurance market. This translates to a growth from an estimated US$ 9.53 billion in 2023 to a projected US$ 40 billion by 2033. Pet Insurance on the Rise! Rising stars: Pet tech boom! – Fancy gadgets and online platforms …
Option to Personalize Packaging Materials is Expected to Boost the Adoption of Digital Printing Packaging. | FMI
The digital printing packaging market is forecast to experience a growth rate of 5.1% over the estimated time, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 18,666.50 million in 2023 and is expected to be worth US$ 30,696.45 million by 2033. The driving force behind the demand …