The global latex mattress market is projected to achieve a value of USD 20 billion by 2032, with a compound annual growth rate (CAGR) of 7% between 2022 and 2032. In 2021, the industry was valued at USD 9.7 billion, and it is anticipated to exhibit a year-on-year (Y-o-Y) growth rate of 5.1% to reach USD …
Monthly Archives: June 2024
Petals of Prosperity: Passion Flower Extract Market Growth on Path to USD 5 Billion Valuation by 2032
The global passion flower extract market is anticipated to create a healthy CAGR of around 3.6% throughout the forecast period from 2022 to 2032. The global market was valued at USD 3.5 Billion in 2022 to reach a projection of USD 5.0 Billion by the year 2032. The growth of the market is attributed to the surging increase …
Smart Lock Market: Expected 14.90% CAGR, Reaching USD 13,611.40 Million by 2033 – Technology Roadmap Analysis
In 2022, the smart lock market size was projected to be USD 2,996.70 million. By the end of 2023, the industry is likely to reach a valuation of USD 3,404.70 million. Throughout the forecast period, the global market for smart locks is expected to achieve a 14.90% Compound Annual Growth Rate (CAGR), reaching a size of …
Construction Equipment Maintenance and Repair Market to grow at a rate of 4.1% by 2033
The global Construction Equipment Maintenance And Repair Market is anticipated to grow at a CAGR of 4.1% in 2023 and reach an estimated value of US$ 22.72 billion. In 2033, the construction equipment maintenance and repair industry is expected to be worth US$ 33.96 billion. As businesses are anticipated to place a greater emphasis on research and …
Beyond Gaskets and Hoses: How Industrial Rubber Products are Revolutionizing the Manufacturing Industry
Industrial rubber products, the unsung heroes of countless industries, are experiencing a surge in demand. From the gaskets that keep our engines purring to the hoses that deliver vital fluids, rubber plays a critical role in modern manufacturing. The industrial rubber products market is poised for significant growth, with projections indicating a surpassing of USD …
CNG and LPG Vehicles Market is estimated to reach US$ 8.54 billion by 2033
The CNG and LPG vehicles market is anticipated to strive at a steady CAGR of 4.6% between 2023 and 2033. The market is expected to have a market share of US$ 8.54 billion by 2033 while it is likely to be valued at US$ 5.44 billion in 2023 Easy transportation, high delivery of heat energy …
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Automotive Wiper Blades Market to be worth US$ 8,788.3 million by 2033
The automotive wiper blades market 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 visibility …
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Aircraft Ground Support Equipment Market in Western Europe worth USD 3,569.83 million by 2034
Western Europe boasts a prominent position in the global aviation industry. To ensure smooth and efficient aircraft operations on the ground, a complex ecosystem of equipment comes into play – aircraft ground support equipment (GSE). The Western European GSE market, fueled by rising passenger traffic and airport infrastructure investments, is experiencing steady growth. Let’s explore …
Automotive ECU Market to cross US$ 22.8 billion by 2033
The automotive ECU market is expected to record a CAGR of 4.7% during the forecast period. The market is anticipated to cross a market share of US$ 22.8 billion by 2033, while it holds a revenue of US$ 14.4 billion in 2023. The demand for automotive ECU rises with the increasing safety norms, rising sales of …
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Automotive Fasteners Market to grow at a rate of 6% by 2032
The automotive fasteners market 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 help …
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