Ship repair and maintenance services market is set to be valued at US$ 44.3 Bn, expanding at 6.5% CAGR through 2031, according to latest research conducted by Future Market Insights (FMI). As per Future Market Insight (FMI), the ship repair and maintenance services market is expected register year-on-year (YoY) growth of 5.9%, reaching US$ 23.6 Bn in 2021. Continuous rise in shipbuilding activities …
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Automotive Turbochargers Market Expected to Witness High Growth by 2031
As per a recent study by ESOMAR-certified firm Future Market Insights (FMI), the global automotive turbochargers market will be valued at US$ 9.6 Bn in 2021, exhibiting robust growth at 8.8% CAGR between 2021 and 2031. Growth prospects are expected to be positive as automotive turbochargers sales exhibit year on year growth of over 6.5% in 2021. Top players, comprising Garrett Motion (Formerly …
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Retread Tire Market Prospects and Growth Assessment 2031
As per a study by Future Market Insights (FMI), the global retread tire sales is estimated to be valued at ~US$ 8.8 Bn in 2021. The increase in average miles driven and growing vehicles parc will drive the tire aftermarket, subsequently fuelling the demand for retreading tires. Despite negative perceptions around retread tires, they continue remain a …
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Electric Boats Market : Technological Growth Map over Time
The go-green initiative has catapulted the business models of multiple industries globally and the boating industry is no exception. With traditional gasoline and diesel powered boats significantly increasing pollution levels, the need for alternate sources of energy to propel boats has pushed manufacturers to introduce eco-friendly boats in the global market. Hybrid boats powered by …
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Automotive Sensors Market to Garner Brimming Revenues by 2031
The automotive sensor demand will continue rising through 2021 with worldwide demand projected to increase by 5.5% year over year. As per Future Market Insights (FMI), automotive sensor revenues generation will increase at a ten-year compound annual growth rate (CAGR) of 7.2%, as the automotive production recovers after bucking scepticism about how the market would perform post pandemic. NXP Semiconductors N.V., …
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Advanced Driver Assistance System (ADAS) Testing Equipment Market to Witness a Healthy Growth by 2031
As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global ADAS testing equipment market reached US$ 222,486 Thousand in 2021. Development of sophisticated ADAS equipment, coupled with increasing adoption of autonomous vehicles in various countries, is identified as key growth accelerators in the report. Owing to these factors, FMI has projected the market …
Automotive Seat Heater Market to Witness Stunning Growth by 2028
Future Market Insights (FMI) has published a new research report on automotive seat heaters. The report has been titled, “Automotive Seat Heater Market: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2028.” The report states that the growing inclination of consumers across the globe towards luxury and premium vehicles is expected to boost the demand for automotive …
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Automotive Battery Management System Market Revenue Growth Predicted by 2029
In the near future, electric vehicles will dominate the clean vehicle market, and necessitate demand for revolutionary battery management systems. Steadily growing demand for battery management systems in e-bikes as well as electric cars will squarely surge market growth. According to a new research report published by Future Market Insights (FMI), the automotive battery management system …
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Automotive Exhaust Systems Market to Grow at Robust CAGR by 2031
ESOMAR certified consulting firm Future Market Insights’ recent report on the automotive exhaust systems market forecasts a relatively stable outlook for FY 2021-22, compared to the previous year, as the global automotive industry emerges from the recessionary impact of the coronavirus pandemic crisis. As production cycles resume, a gradual recovery is anticipated in the short-run, eventually translating …
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Aircraft Tire Market Insights and Forecast by 2031
ESOMAR-certified consulting firm Future Market Insights (FMI) has recently published a report on the global aircraft tire market for the forecast period 2021-2031. According to the report, the market is expected to post impressive gains, expanding at a CAGR exceeding 6% throughout the forecast period. Increasing production of narrowbody and widebody aircrafts are spurring demand. The market posted steady …
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