The global beverage emulsion market is projected to be valued at USD 526.5 million by the end of 2023. According to industry analysis, this market is expected to grow to USD 754 million by 2033, with a compound annual growth rate (CAGR) of 4.3% during the forecast period. Sales from the beverage emulsion industry are anticipated to contribute significantly to the overall demand …
Monthly Archives: November 2024
Camping and Caravanning Market Set to Reach USD 119.3 Billion by 2034, Driven by Infrastructure Investments and Gear Innovations
The global camping and caravanning market is on a strong growth trajectory, expected to expand from USD 56.1 billion in 2024 to USD 119.3 billion by 2034, at a compound annual growth rate (CAGR) of 7.8%. This substantial growth is attributed to increasing investments in campground infrastructure and services by both governmental and private entities, …
Mosquito Repellent Candles Market to Reach USD 85 Million by 2033 Amid Rising Demand from Residential and Commercial Sectors
The mosquito repellent candles market is projected to grow from USD 50 million in 2023 to USD 85 million by 2033, advancing at a compound annual growth rate (CAGR) of 5.4% during the forecast period. With changing lifestyles and rapid urbanization, the residential sector is anticipated to account for around 67% of market revenue, driven …
Universal Testing Machine Market to Grow at Double-Digit CAGR, Driven by Rising Demand Across Multiple Industries
The global Universal Testing Machine (UTM) market is poised for significant growth, registering a double-digit CAGR from 2019 to 2029. This growth is driven by the machines’ simple test fixture design and minimal sample machining requirements. UTMs are increasingly being used across various industries, including wood product testing, metal testing, and glass manufacturing, due to …
Natural Insect Repellent Market to Reach USD 4 Billion by 2033, Growing at a 7.1% CAGR
The global natural insect repellent market is projected to be valued at USD 2 billion in 2023 and is expected to grow to USD 4 billion by 2033, with a compound annual growth rate (CAGR) of 7.1% during the forecast period. Natural insect repellents currently hold a 20-25% share of the global insect repellent ingredient …
Low Rolling Resistance Tire Market in Korea: Fuel Efficiency and Sustainability at the Forefront of Automotive Innovation | FMI Reports
The demand for low rolling resistance tires in Korea is expected to reach a valuation of USD 1,540.40 million in 2023, up from USD 1,408.40 million in 2022. This market is poised for sustained growth, with a projected compound annual growth rate (CAGR) of 8.70% over the forecast period. By 2033, sales of low rolling …
Low Rolling Resistance Tire Market in Japan: Driving Fuel Efficiency and Sustainability in the Automotive Industry | FMI Reports
The demand for low rolling resistance tires in Japan is projected to grow at a robust compound annual growth rate (CAGR) of 10.90% through 2033. The adoption of these tires is expected to increase significantly, surpassing a valuation of USD 9,485.10 million in 2023. By 2033, sales of low rolling resistance tires in Japan are …
Battery Management System Market in Western Europe: Key to Unlocking the Future of Electric Mobility and Renewable Energy | FMI Reports
Sales of battery management systems (BMS) in Western Europe are expected to grow at an impressive compound annual growth rate (CAGR) of 17.4% through 2033. The demand for BMS in the region is projected to exceed USD 1,580.9 million in 2023. By 2033, sales are anticipated to reach a substantial valuation of USD 8,062.9 million, …
Battery Management System Market in Korea: Paving the Way for Electric Vehicles and Sustainable Energy Solutions | FMI Reports
The battery management system industry in Korea is set for significant growth, with a strong projected compound annual growth rate (CAGR) of 18.3% through 2033. In 2023, the Korean market is expected to generate revenue of USD 305.4 million. By 2033, sales of battery management systems are forecasted to reach a substantial USD 1,661.1 million, …
Japan’s Battery Management System Market: A Key Enabler for Electric Vehicle and Energy Storage Growth | FMI Reports
In 2022, the demand for battery management systems in Japan was valued at USD 522.7 million. In 2023, revenues from these systems are projected to reach USD 646.8 million. Over the forecast period, the market is expected to grow at a remarkable compound annual growth rate (CAGR) of 24.2%, reaching a significant value of USD …