Bicycle Industry In 2022, the global bicycle industry was valued at USD 1,300 million and is projected to grow to USD 2,650.23 million in 2023. The market is expected to expand at a CAGR of 8.92% from 2023 to 2033, reaching approximately USD 6,229.4 million by 2033. The growth in the bicycle market is driven by increasing consumer preference for bicycles as a leisure …
Category Archives: Automotive Insights
Connected Car Industry: Revolutionizing Mobility Through Advanced Smart Technologies | FMI Analysis
Connected Car Industry The global connected car industry is expected to grow from an estimated USD 37,223 million in 2024 to USD 118,352 million by 2034, with a CAGR of 12.3%. The automotive sector has seen significant progress in recent years, with major investments focused on advancing AI and enhancing connectivity features in vehicles. The connected car …
Automotive Fuel Delivery System Industry Anticipated to Surpass USD 18,232.7 Million by 2033, Expanding at a 6.5% CAGR | FMI Analysis
Automotive Fuel Delivery System Industry The automotive fuel delivery system industry is projected to reach an impressive USD 18,232.7 million by 2033, driven by a robust CAGR of 6.5%. This substantial growth highlights the increasing demand for efficient fuel delivery systems in vehicles, as both manufacturers and consumers prioritize performance and fuel efficiency. Advancements in technology, rising vehicle production, and …
Electric Three-Wheeler Industry Poised for Significant Expansion Driven by Growing Demand for Sustainable Transportation Solutions | FMI Analysis
Electric Three Wheeler Industry According to Future Market Insights, the electric three-wheeler industry reached a valuation of USD 815.4 million in 2022, reflecting a CAGR of 1.4% between 2018 and 2022. With a rising preference for electric three-wheelers due to their use of renewable energy and pollution-reduction benefits, the market is expected to grow. Projections indicate it …
Automotive Active Purge Pump Industry Poised to Reach USD 230 Million by 2033, Registering a 10.9% CAGR | FMI Analysis
Automotive Active Purge Pump Industry The automotive active purge pump industry is projected to grow from USD 82.01 million in 2023 to USD 230 million by 2033, with a compound annual growth rate (CAGR) of 10.9% over this period. The driving force behind this growth is the implementation of stringent global emission standards, which necessitate the use of advanced active purge pump systems …
Automotive Composites Industry Accelerates to USD 26.1 Billion by 2033, Registering a 12.1% CAGR | FMI
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 to Flourish as Demand for Advanced Vehicle Security and Connectivity Soars | FMI
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 …
Automotive ECU Industry Projected to Hit USD 22.8 Billion by 2033, Growing at a 4.7% CAGR | FMI
Automotive ECU Industry The automotive ECU industry is projected to grow at a CAGR of 4.7% over the forecast period, reaching a market value of USD 22.8 billion by 2033, up from USD 14.4 billion in 2023. The rising demand for automotive ECUs is driven by stricter safety regulations, increased sales of passenger vehicles, and growing per capita income. The expansion of the …
Air Brake System Industry Poised for Growth Amid Rising Demand for Safety and Heavy-Duty Performance, Reports FMI
Air Brake Systems Industry As of 2023, the global air brake system industry is valued at approximately USD 2,108.8 million. Projected to grow at a CAGR of 3.6%, the market is expected to exceed USD 3,003.5 million by 2033. Analysts at Future Market Insights have recorded a historical market valuation of USD 2,025.7 million for the base …
Transforming Heavy Transport: Modular Trailer Industry Poised for Remarkable Growth, Says FMI
Modular Trailer Industry The Modular Trailer Industry is poised for significant growth, with thematic analysis suggesting a potential CAGR of 5.4% through 2034. Lead analysts in the automotive division of Future Market Insights anticipate that the market is on track to reach new heights. By 2024, the market is expected to be valued at USD 9.6 billion. Looking toward 2034, forecasts predict a market …