The automotive steering system industry is expected to grow at a CAGR of 4.6% during the forecast period. With a market value of USD 24.1 billion in 2023, it is projected to surpass USD 38.0 billion by 2033. The automotive steering system industry is at the forefront of innovation, playing a critical role in ensuring …
Monthly Archives: November 2024
Conventional Motorcycles and Scooters Industry – Navigating a Changing Landscape | FMI Reports
The global conventional motorcycles and scooters industry is projected to attain a valuation of USD 199,138.0 million by 2033, growing at a CAGR of 3.8% from 2023 to 2033. The market is expected to be valued at USD 137,145.2 million in 2023. The conventional motorcycles and scooters industry remains a vital segment of the global …
Electric Bike Industry – Revolutionizing Urban Mobility and Sustainability | FMI Reports
The electric bike industry is expected to grow at a robust CAGR of 10.2% from 2023 to 2033. The market is projected to reach a value of USD 56.79 billion in 2023 and is anticipated to attain a market size of USD 150.01 billion by 2033. The electric bike (e-bike) industry is rapidly evolving as …
Automotive Door Latch Industry – Securing Innovation and Safety | FMI Reports
The global automotive door latch industry is projected to grow at a CAGR of 4% from 2023 to 2033. The industry is anticipated to increase in value from USD 6.0 billion in 2023 to USD 9.3 billion by 2033. The automotive door latch industry is experiencing robust growth, driven by increasing safety regulations, advancements in …
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Sustainability and Innovation Drive Growth in the Thermos Drinkware Industry
The global thermos drinkware market, valued at approximately USD 3,146.00 million in 2024, is on track to surpass USD 5,425 million by 2034, reflecting a compound annual growth rate (CAGR) of 5.6% over the next decade. This growth is primarily fueled by rising consumer demand for sustainable, high-performance drinkware that can keep beverages hot or …
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Global Skincare Oil Industry Poised for Strong Growth Driven by Consumer Demand for Natural Solutions
The global skincare oil market is poised for significant growth, projected to expand at a compound annual growth rate (CAGR) of 6.3%, from a market value of USD 19.91 billion in 2024 to USD 34.56 billion by 2034. This growth reflects increasing consumer demand for skincare oils, particularly those formulated with natural and organic ingredients, …
Brush Cover Industry Poised for Steady Growth, Driven by Consumer Demand and Innovation
The global brush cover market is expected to witness significant growth in the coming years, with the market size projected to increase from USD 513.1 million in 2021 to USD 796.9 million by 2031, growing at a CAGR of 4.5% over the forecast period from 2021 to 2031. This growth is driven by increased consumer …
Global Sequins Apparel Market Set to Reach USD 22,865.9 Million by 2031, Driven by Fashion, Customization, and Sustainability Trends
The global sequins apparel market, valued at USD 12,412.4 million in 2021, is anticipated to reach an impressive USD 22,865.9 million by 2031, reflecting a robust compound annual growth rate (CAGR) of 6.3% over the forecast period. This growth is fueled by a combination of factors including increasing consumer demand for glamorous, customizable fashion, advancements …
The Smart Fragrance Box Market: A Blossoming Industry Poised for Significant Growth
The global smart fragrance box market is witnessing a robust growth trajectory, with a projected market value of USD 64.98 million in 2023, and an expected compound annual growth rate (CAGR) of 8.3% from 2023 to 2033. By the end of the forecast period in 2033, the market is anticipated to reach an impressive USD …
Pectin Market Expected to Grow to USD 1.95 Billion by 2034, Driven by Bakery and Packaged Food Trends
Pectin Market The pectin market is expected to expand from US$ 1,059.2 million in 2024 to US$ 1,945.8 million by 2034. The market is projected to surge at 6.3% CAGR from 2024 to 2034. The changing bakery norms and higher usage of naturally derived dough settings agents are fueling the demand for pectin. Furthermore, the expanding packaged food industry consumes most of …