New Product Development
The global zero emission vehicle market is valued at US$ 248 billion as on 2023. The market is expected to grow at a CAGR of 25.4% during the forecast period, and is anticipated to reach a valuation of US$ 2,384.66 billion by 2033. One of the key factors that has led to an increase in …
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The rise of Instagram reels and TikTok videos is prompting more millennials and Gen Z travelers to open their wallets and explore the Middle East. Consequently, the tourism industry in the region is expected to grow at a Compound Annual Growth Rate (CAGR) of 5.10% until 2034. By 2034, the tourism industry in the Middle …
The Zinc-Air Batteries Market is poised for substantial growth, with an estimated Compound Annual Growth Rate (CAGR) of 5.7% over the forecast period from 2023 to 2033. The market size for zinc-air batteries is predicted to experience significant expansion, expected to increase from US$ 2.0 Billion in 2023 to reach US$ 3.5 Billion by 2033. …
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The Automotive Tire Accessories Market is expected to reach US$ 75.5 Billion by 2033, growing at a healthy 5.7% compound annual growth rate (CAGR) over the course of the forecast period. Automotive tire accessories, such as tire chains and tire pressure gauges, can help improve the efficiency of industrial processes by ensuring that equipment is operating at …
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From classic cones to fancy sundaes, ice cream brings smiles and cool refreshment. But behind the scenes lies a world of specialized supplies that keep the frozen treats flowing. Let’s explore the key drivers propelling the ice cream service supplies market, the exciting opportunities for manufacturers, and the emerging trends shaping its future. Market Drivers: …
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As per Future Market Insights (FMI), the Europe automotive tire market value is projected to rise from US$ 68.4 billion in 2023 to US$ 108.7 billion by 2033. Sales of automotive tires across Europe are likely to soar at 4.8% CAGR throughout the forecast period. Rapid growth of automotive sector, adoption of electric vehicles, and …
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The global excavators market is anticipated to register considerable growth, exhibiting a CAGR of 5.2% from 2023 to 2033. According to the research report published by FMI, the market is likely to hit a valuation of US$ 74.27 billion in 2023 and US$ 123.30 billion by 2033. The construction industry is being fueled by the …
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The indigenous tourism market is experiencing a steady upward trend, with a projected Compound Annual Growth Rate (CAGR) of 4.10% expected from 2024 to 2034. This growth trajectory indicates that by 2034, the market value is forecasted to reach US$ 67.05 billion, compared to its 2024 value of US$ 44.86 billion. The size of the …
The global automotive HD/imaging radar market is predicted to exhibit astonishing growth, exhibiting a CAGR of 23.61% from 2023 to 2033. According to the recent report published by FMI, the market valuation is likely to hit US$ 10.1 billion in 2023 and US$ 84.11 billion by 2033. Automotive HD radar is a crucial component of …
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The global car security system market is anticipated to attain a valuation of US$ 13.5 billion in 2023 and is expected to reach US$ 40 billion by 2033, trailing a CAGR of 11.4% during the forecast period. The market demand is driven by the enforcement of strict vehicle security regulations by governments and the continuous …
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