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The global automated sortation system market is forecasted to achieve a significant milestone of USD 21.7 billion by 2034, reflecting a notable Compound Annual Growth Rate (CAGR) of 8.8% from 2024 to 2034. Furthermore, the market is anticipated to reach USD 9.3 billion in 2024, underscoring its continued expansion. The growth of automated sortation systems …
The size of the worldwide chopper pump market is anticipated to grow from USD 904.7 million in 2024 to USD 1,578.2 million in 2034. Over the forecast period, the market is expected to have a compound annual growth rate (CAGR) of 5.7%. Chopper pumps are experiencing growth due to their robust design, which effectively handles …
Increasing from USD 11.68 billion in 2023, FMI predicts that the global submersible pump market could reach USD 19.39 billion by 2033. Between 2023 and 2033, submersible pump sales are expected to register a 5.2% CAGR. The key drivers of the expansion of the submersible pump market worldwide are the population boom of the globe and the rise in residential housing. …
The agricultural equipment market is forecast to experience a growth of 4.2% CAGR over the estimated period, as per FMI’s analysis. The industry’s size is predicted to reach a market value of USD 171.4 million in 2033. The agriculture industry is expanding fast in the upcoming years, driven by the surging global population, which is expected to …
By 2023, the global pre-insulated pipe industry will be worth USD 6.1 billion. Over the forecast period, the value is expected to increase at a 5.7% CAGR. The sector is expected to grow from USD 6.4 billion in 2024 to USD 11.2 billion by 2034. The market is expected to expand by 6.3% year on …
Automotive Composites Industry The automotive composites industry is projected to reach a valuation of USD 8.3 billion in 2023, according to Future Market Insights. The market is expected to grow at a compound annual growth rate (CAGR) of 12.1% from 2023 to 2033, reaching an estimated USD 26.1 billion by the end of 2033. The market remains highly competitive, driven by major players …
Automotive Key Industry he global automotive key demand is anticipated to rise at 7.9% CAGR from 2024 to 2034. The market value of automotive keys is predicted to increase from USD 6,620.8 million in 2024 to USD 14,148.8 million by 2034. The demand for automotive keys reached USD 6,246.5 million in 2023. The Automotive Key Market is set …