The advanced composites market is anticipated to thrive at a steady CAGR of 9.1% between 2023 and 2033. The market is expected to have a market share of US$ 107.30 billion by 2033 while it is likely to be valued at US$ 44.91 billion in 2023. High designing independence due to flexibility, limited material costs, …
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Cellulose Fiber Market Set for Moderate Growth, Projected to Reach US$ 5.2 Billion by 2034 | FMI
The global cellulose fiber market, currently valued at US$3.9 billion in 2024, is expected to experience steady growth, reaching approximately US$5.2 billion by 2034. This represents a projected compound annual growth rate (CAGR) of 2.8% over the forecast period from 2024 to 2034. The market’s expansion is being driven by increasing demand for eco-friendly and …
FMI Analysis States Global Personal Watercraft Market Value Forecasted to Grow at an Average 6% CAGR by 2032
The global personal watercraft (PWC) market is projected to grow at a robust CAGR of 6% and reach a significant value by 2032. Valued at approximately USD 1.6 billion in 2020, the market is expected to maintain its positive performance throughout the forecast period. Increasing use of personal watercraft by marine and water police forces is likely to further propel market …
Global Automotive ABS Motor Market Size Forecasted to Grow at 8 to 9% CAGR by 2032, Says Future Market Insights, Inc.
The automotive ABS motor market is set for a robust growth trajectory, with a projected CAGR of 8% to 9% by 2032. This forecast indicates a significant expansion in the demand and adoption of anti-lock braking system (ABS) motors within the automotive industry over the next decade. As advancements in vehicle safety become increasingly paramount, ABS technology plays a …
FMI Study States Global Cold Forging Machines Market Share to Cross USD 34.5 Billion Mark by 2034, Driven by 5.7% CAGR Growth
The cold forging machines market was predicted to reach USD 19.8 billion in 2023, indicating a significant increase in demand. This upward trajectory is expected to continue, propelled by a strong compound annual growth rate (CAGR) of 5.7%, culminating in a remarkable market valuation that exceeds USD 34.5 billion by 2034. Unlike hot forging techniques, which require …
FMI Report Projects Global Turbofan Engines Market Share Estimated to Cross USD 5.1 Billion by 2032, Surging at a Robust 17.2% CAGR
The turbofan engines market share is expected to be worth USD 1.05 billion in 2022. The industry increased by 6.3% year on year over the last year. Turbofan Engines sales are expected to grow at a CAGR of 17.2% from 2022 to 2032, reaching a value of USD 5.1 billion by the end of 2032. Demand for …
Global Sales of Used Bikes through Bike Marketplace Projected to Exceed USD 68 Billion Milestone by 2032, Expanding at 4.6% CAGR Growth
The sales of used bikes through bike marketplace are projected to experience a steady growth with an average Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. The increasing awareness about bike marketplace sales is expected to drive substantial growth, leading to a significant increase in sales from USD 43 Billion in 2022 to USD …
Global Electric Vehicle Sensor Market Size Anticipated to Exceed USD 49,392.50 Million by 2034, Growing Tremendously at 16.5% CAGR
The electric vehicle sensor market is slated to have a valuation of USD 10,725.11 million in 2024. The greater number of electrical vehicles on the road is signaling positive things for the EV sensor market. As demand for sustainability grows, the electric vehicle sensor market is thriving alongside the EV sector. The Electric Vehicle Sensor industry is …
FMI Analysis Indicates Global Pipes Market Size Projected to Reach USD 238.67 Billion Mark by 2034, Growing at 5.01% CAGR
The global pipes market is valued at a substantial USD 146.38 billion valuation by 2024. The projected growth trajectory is expected to be exceptionally strong, with a compound annual growth rate (CAGR) of 5.01%. By 2034, this trajectory is expected to propel the market to a remarkable valuation that will surpass USD 238.67 billion. The industrial sector, …
Global Environmental Test Chambers Market Revenue Share Poised to Exceed USD 1,435.1 Million Mark by 2033, Driving 4.6% CAGR Growth
The environmental test chambers market is registering an average growth pace with an estimated CAGR of 4.6% from 2023 to 2033. Due to the growing number of standards governing product quality in various industries, environmental test chamber manufacturers are likely to receive revenue potential as high as USD 1,435.1 million by 2033. As per the FMI’s latest …