According to Future Market Insights (FMI), the global lead-acid battery market was valued at USD 59.7 billion in 2023. It is expected to grow by 4.8% in 2024, reaching USD 62.6 billion. Looking further ahead, the market is projected to expand at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2034, reaching …
Monthly Archives: October 2024
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Automotive Wire and Cable Material Industry Projected to Reach USD 12,020.1 Million by 2033, Growing at a CAGR of 6.9% | FMI Reports
Automotive Wire & Cable Material Industry The automotive wire and cable materials industry is expected to grow from USD 6,207.6 million in 2023 to USD 12,020.1 million by 2033, reflecting a compound annual growth rate (CAGR) of 6.9%. A significant driver of this growth is the increasing adoption of electric vehicles (EVs), as more consumers …
Global Automotive Lead-Acid Battery Industry is projected to reach USD 47 billion by 2033, driven by a CAGR of 5.2% | FMI Reports
Automotive Lead Acid Battery Industry The global automotive lead-acid battery industry is projected to reach a valuation of USD 28.24 billion in 2023, with expectations to grow to USD 47 billion by 2033, reflecting a compound annual growth rate (CAGR) of 5.2% over the next decade. Key drivers of this growth include the increasing popularity …
Future Insights: Off-Highway Vehicle (OHV) Telematics Industry Projected to Hit USD 2,154.3 Million by 2033, Growing at a 16% CAGR | FMI Reports
Off-Highway Vehicle (OHV) Telematics Industry The off-highway vehicle (OHV) telematics industry is projected to grow from USD 488.3 million in 2023 to USD 2,154.3 million by 2033, with a compound annual growth rate (CAGR) of 16% during this period. This optimistic forecast is primarily driven by the increasing adoption of telematics solutions across construction, agriculture, …
Automotive Pump Industry Forecast to Hit USD 118 Billion by 2033, Growing at a 6.2% CAGR | FMI Reports
Automotive Pump Industry According to Future Market Insights, the global automotive pump industry is expected to be valued at USD 64.57 billion in 2023, with projections indicating growth to USD 118 billion by 2033. This represents a compound annual growth rate (CAGR) of 6.2% over the forecast period from 2023 to 2033. This expansion is …
Automotive Wiring Harness Industry Set to Reach USD 119.31 Billion by 2033, with an 8% CAGR | FMI Reports
Automotive Wiring Harness Industry By 2033, the global automotive wiring harness industry is anticipated to reach USD 119.31 billion, a significant increase from an estimated USD 55.26 billion in 2023, reflecting a robust compound annual growth rate (CAGR) of 8%, according to Future Market Insights. This growth is primarily driven by the automotive industry’s shift …