According to research conducted by Future Market Insights, the demand for Vehicle Control Units (VCUs) is expected to grow at a compound annual growth rate (CAGR) of 19.3% during the forecast period. Projections indicate that the market is likely to reach a value of approximately USD 11,102.5 million by 2033, a significant increase from USD …
Category Archives: Automotive Insights
Electric Vehicle Reducer Market Set to Surge Amid Growing EV Demand | FMI Reports
The adoption of Electric Vehicle Reducers market is projected to grow at a compound annual growth rate (CAGR) of 26.6% throughout the forecast period. The market size for Electric Vehicle Reducers is expected to expand from approximately USD 1,974.7 million in 2023 to around USD 20,884.9 million by 2033. The global Electric Vehicle Reducer Market …
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Truck Mounted Knuckle Boom Cranes Market Poised for Significant Growth: Projected to Reach USD1,365.0 Million by 2032 | FMI Reports
The global Truck Mounted Knuckle Boom Cranes market is on an upward trajectory, with projections indicating a robust compound annual growth rate (CAGR) of 5.1%% from 2023 to 2032. Valued at approximately USD 827.8 million in 2022, the market is expected to reach a remarkable USD 1,365.0 million by the end of the forecast period. …
Global Bicycle Light Market Poised for Significant Growth, Expected to Reach USD 2,454.7 Million by 2032 | FMI Reports
The global bicycle light market is experiencing a robust growth trajectory, projected to expand from an estimated valuation of USD 1,236.4 million in 2022 to approximately USD 2,454.7 million by the end of 2032. This remarkable growth represents a compound annual growth rate (CAGR) of 7.1% during the forecast period. As cycling continues to gain …
Automotive Homologation Services Market Set to Reach USD 1,988.66 Million by 2034, Driven by Growing Demand and Regulatory Compliance | FMI Reports
Automotive Homologation Service Market Future Market Insights (FMI) has conducted an in-depth analysis of the automotive homologation services market, revealing a projected valuation of USD 1,451.24 million by 2024. The market is anticipated to grow at a CAGR of 3.2% through 2034, reaching an estimated USD 1,988.66 million by the end of the forecast period. …
Plug-in Hybrid Electric Vehicle (PHEV) Market Expected to Hit USD 186,450.62 Million by 2034, Growing at a 17.9% CAGR | FMI Reports
Plug-in Hybrid Electric Vehicle (PHEV) Market The latest report by Future Market Insights highlights a promising outlook for the plug-in hybrid electric vehicle (PHEV) market, which is projected to achieve a valuation of USD 35,927.40 million by 2024. This upward trend is anticipated to continue, with the market expected to reach an impressive USD 186,450.62 …
Real-Time Parking System Market Set to Experience 8.9% CAGR, Expected to Surpass USD 96.4 Billion by 2032 | FMI Reports
Real-Time Parking System Market The global real-time parking system market is poised for remarkable growth, projected to achieve a compound annual growth rate (CAGR) of 8.9% from 2022 to 2032. Valued at USD 40,523.3 million in 2022, the market is anticipated to surpass USD 96,406.7 million by the end of the forecast period. This substantial …
Automotive Cast Iron Cylinder Head Market Projected to Reach USD 10.6 Billion by 2032, with a 5.6% CAGR | FMI Reports
Automotive Cast Iron Cylinder Head Market The global automotive cast iron cylinder head market is set for substantial growth in the coming decade, projected to achieve a compound annual growth rate (CAGR) of 5.6% from 2022 to 2032. Following a revenue generation of approximately USD 5.9 billion in 2021, the market is expected to reach …
Dashboard Camera Market Anticipated to Reach USD 13 Billion by 2032, Exhibiting a CAGR of 18.3% | FMI Reports
Dashboard Camera Market The global dashboard camera market is projected to reach approximately USD 18,369.5 million by 2034, with an estimated value of USD 3,364.5 million in 2024. The industry is expected to grow at a robust CAGR of 18.5% during the forecast period from 2024 to 2034. Growing concerns over vehicle theft, the convenience …
Automotive Backing Plate Market Anticipated to Reach USD 994 Million by 2032, Growing at a CAGR of 4.9% | FMI Reports
Automotive Backing Plate Market The global automotive backing plate market is poised for significant growth, projected to reach USD 994 million by 2032, with a steady compound annual growth rate (CAGR) of 4.9% from 2022 to 2032. Starting from a valuation of USD 590.6 million in 2021, the market is expected to see an increase …