The automotive interior leather market in Japan is valued at USD 3,020.5 million in 2023 and is projected to reach USD 4,198.4 million by 2033. From 2023 to 2033, the market is expected to grow at a CAGR of 3.3%, driven by increasing demand for premium and luxury vehicle interiors. The Japanese automotive industry is …
Category Archives: Automotive Insights
The Automotive Lighting Market in Korea: Paving the Way for Innovation, Safety, and Sustainability | FMI Reports
The automotive lighting market in Korea is expected to grow at a modest CAGR of 2.4% through 2033. The industry is forecasted to present lucrative opportunities, with projected revenue increasing from USD 1,007.8 million in 2023 to USD 1,279.0 million by 2033. Korea’s automotive lighting industry is rapidly evolving, fueled by technological innovations, stringent safety …
Japan’s Automotive Lighting Industry Illuminated by Innovation, Safety, and Sustainability | FMI Reports
The automotive lighting market in Japan is projected to grow steadily, with demand expected to reach USD 2,633.7 million in 2023, up from USD 2,513.2 million in 2022. Sales of automotive lighting in Japan are forecasted to maintain a consistent growth trajectory, with a CAGR of 3.9% from 2023 to 2033. By the end of …
Western Europe’s Automotive Lighting Market to Shine Bright with Advancements in Technology and Sustainability | FMI Reports
The automotive lighting industry in Western Europe is projected to experience a steady growth rate of 5.3% CAGR through 2033. In 2023, the demand for automotive lighting in the region is expected to reach a valuation of USD 7,812.0 million. Looking ahead, sales of automotive lighting across Western European countries are forecasted to grow significantly, …
Western Europe’s Low Rolling Resistance Tire Market Set for Growth with Environmental Benefits Driving Demand | FMI Reports
The demand for low rolling resistance tires in Western Europe is expected to grow at a CAGR of 9.50% through 2033. This increase is primarily driven by stringent government regulations focused on enhancing fuel efficiency and reducing carbon emissions within the automotive sector. Rising environmental awareness among consumers has led to a surge in demand …
Low Rolling Resistance Tire Market in Korea: Fuel Efficiency and Sustainability at the Forefront of Automotive Innovation | FMI Reports
The demand for low rolling resistance tires in Korea is expected to reach a valuation of USD 1,540.40 million in 2023, up from USD 1,408.40 million in 2022. This market is poised for sustained growth, with a projected compound annual growth rate (CAGR) of 8.70% over the forecast period. By 2033, sales of low rolling …
Low Rolling Resistance Tire Market in Japan: Driving Fuel Efficiency and Sustainability in the Automotive Industry | FMI Reports
The demand for low rolling resistance tires in Japan is projected to grow at a robust compound annual growth rate (CAGR) of 10.90% through 2033. The adoption of these tires is expected to increase significantly, surpassing a valuation of USD 9,485.10 million in 2023. By 2033, sales of low rolling resistance tires in Japan are …
Battery Management System Market in Western Europe: Key to Unlocking the Future of Electric Mobility and Renewable Energy | FMI Reports
Sales of battery management systems (BMS) in Western Europe are expected to grow at an impressive compound annual growth rate (CAGR) of 17.4% through 2033. The demand for BMS in the region is projected to exceed USD 1,580.9 million in 2023. By 2033, sales are anticipated to reach a substantial valuation of USD 8,062.9 million, …
Battery Management System Market in Korea: Paving the Way for Electric Vehicles and Sustainable Energy Solutions | FMI Reports
The battery management system industry in Korea is set for significant growth, with a strong projected compound annual growth rate (CAGR) of 18.3% through 2033. In 2023, the Korean market is expected to generate revenue of USD 305.4 million. By 2033, sales of battery management systems are forecasted to reach a substantial USD 1,661.1 million, …
Japan’s Battery Management System Market: A Key Enabler for Electric Vehicle and Energy Storage Growth | FMI Reports
In 2022, the demand for battery management systems in Japan was valued at USD 522.7 million. In 2023, revenues from these systems are projected to reach USD 646.8 million. Over the forecast period, the market is expected to grow at a remarkable compound annual growth rate (CAGR) of 24.2%, reaching a significant value of USD …