New Product Development
“In a recent market survey, Future Market Insights (FMI) has projected the demand in the security bags market to grow by 8% CAGR between 2021 and 2031. The overall security bags market size is expected to total US$ 419 Mn in 2021. Growing public sector investments in the development of secure packaging solutions are expected …
Continue reading “Security Bags Market Study: An Emerging Hint of Opportunity by 2031”
According to a recent analysis issued by FMI, the gas engines market share is likely to reach US$ 7 billion by 2032, up from US$ 4.6 billion in 2021, expanding at a steady CAGR of 4%. The analysis concludes that the increasing demand for gas engine generators is proportional to the increase in gas engine use. Consumption of energy on a …
According to Future Market Insights (FMI), the sustainable aviation fuel market was worth US$ 220 Mn in 2021 and is expected to reach US$ 15 Bn by 2030, with a CAGR of 60% from 2022 to 2032. The COVID-19 virus has spread across the globe without regard for national boundaries. As a result, it has had a …
Global sales of automotive bearings are set to be valued at over US$ 964.8 Mn in 2022, with a stable long-term projection, according to Future Market Insights (FMI). A new report estimates the market to expand at over 5.3% CAGR from 2022 to 2032. According to Future Market Insights, the ongoing growth in the automotive …
Continue reading “ASEAN Automotive Bearings Market to expand at over 5.3% CAGR from 2022 to 2032”
The approximately US$ 3.3 billion market for automotive gudgeon pin is poised for a moderate, just-under 5% yearly growth in the revenue, in 2022. A new study by Future Market Insights emphasizes the critical role of aftermarket in influencing the overall sales picture of automotive gudgeon landscape. Future Market Insights (FMI) has estimated the Automotive Gudgeon …
The U.S. automotive and aircraft leather aftermarket is projected to reach a valuation of US$ 7.8 Bn in 2021. Rising demand for high-quality, lightweight, and durable leather for automotive and aircraft interiors is expected to push sales at 3.6% CAGR, with the market valuation reaching US$ 11.1 Bn in 2031. Automotive and aircraft interior genuine …
According to Future Market Insights (FMI), over the forecast period from 2021 to 2031, the global cargo bike tire market is projected to grow at a CAGR of 12.2%. Key factors driving the cargo bike tire market are higher life-span offered by cargo bikes, rise in the number of miles being ridden by cargo bikes each year, increasing …
As per Future Market Insights analysis, the two wheeler accessories aftermarket is projected to be valued at US$ 17.1 Bn in 2021, expanding at a CAGR of 8.6% over the forecast period of 2021-2031. Rising traffic issues on roads due to congestion caused by four-wheelers or heavy vehicles is expected to remain a key factor …
The global UHP tires market is projected to reach a valuation of US$ 10.41 Bn in 2021. Increasing demand for high performance vehicles in the automotive sports sector is expected to push sales of UHP tires at 10.9% CAGR, with the market valuation reaching US$ 23.32 Bn in 2031. Rapid expansion of the automotive sector is resulting increasing sales of …
Global sales of two wheeler components & consumables are set to be valued at over US$ 26.1 Bn in 2021, as per Future Market Insights (FMI). The market is poised to expand at over 7.8% CAGR due to the growing sales of two wheelers worldwide. According to Future Market Insights, increasing adoption of two wheelers for personal use is setting the …