In 2018, the global EV charging station market had sales of US$ 3.8 billion. In 2022, the market expanded by 52.4% year over year. In 2023, it’s projected to generate US$ 22.9 billion in sales. The market for EV charging stations worldwide is anticipated to surge at a CAGR of 18.3% between 2023 and 2033. …
Category Archives: Automotive Insights
Automotive Active Roll Control System Market Demand to Reach US$ 4.5 Billion by 2032
According to ESOMAR-certified Future Market Insights’ (FMI), During the projection period of 2022 to 2032, sales of automotive active roll control systems are anticipated to grow steadily at a CAGR of 4 percent, reaching a worth of US$ 4.5 Billion. The growing demand for safe and comfortable cars is the main driver of the automotive active roll …
Off-Highway Tires Market Share to Hit US$ 13.4 Billion by 2033, Driven by Growth in Construction and Mining
According to Future Market Insights, the global off highway tires market share will be valued at US$ 9,405.4 Million in 2023 and will increase at a CAGR of 7.9% from 2023 to 2033. The top 3 countries are predicted to account for 25-30% of the market by the end of 2023. Off-highway tires manufacturing is currently undergoing …
Turbofan Engines Market Set to Reach US$ 5.1 Billion by 2032, Soaring at 17.2% CAGR
The turbofan engines market is expected to be worth US$ 1.05 billion in 2022. The industry increased by 6.3% year on year over the last year. Turbofan Engines sales are expected to grow at a CAGR of 17.2% from 2022 to 2032, reaching a value of US$ 5.1 billion by the end of 2032. Demand for …
Sales of Used Bikes through Bike Marketplace Sales to Boom at 4.6% CAGR, Reaching US$ 68 Billion by 2032
The sales of used bikes through bike marketplace are projected to experience a steady growth with an average Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. The increasing awareness about bike marketplace sales is expected to drive substantial growth, leading to a significant increase in sales from US$ 43 Billion in 2022 …
Electric Cargo Bikes Gear Up for Growth, Reaching US$ 6.2 Billion by 2033
The global electric cargo bike market growth is expected to attain a valuation of US$ 2.1 billion in 2023 and is projected to reach US$ 6.2 billion by 2033, expected to rise at a CAGR of 11.4% during the forecast period. The rise of e-commerce has sparked an increased need for last-mile delivery services, a …
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Electric Boats Market Share Set to Surge at 10.4% CAGR, Reaching US$15.1 Billion by 2033
The global electric boats market share is expected to grow at a CAGR of 10.4% during the forecast period. The market is estimated to secure a valuation of US$ 5.6 billion in 2023 and US$ 15.1 billion by 2033. How do Manufacturer’s Innovations Drive the Global Market? Manufacturers play a vital role in the global market through …
Electric Bike Market Share Poised for Steady Growth, Reaching US$150 Billion by 2033
The Electric Bike Market Share is anticipated to thrive at a steady CAGR of 10.2% between 2023 and 2033. The market is expected to have a market share of US$ 150.01 Billion by 2033, while it is likely to be valued at US$ 56.79 Billion in 2023. The revolution of e-bikes, e-cycles, and electric cars …
Booming Electric Scooter Market Demand to Reach US$ 24.8 Billion by 2033, Fueled by Environmental Concerns
The electric scooter market demand is estimated to be worth US$ 10.4 billion in 2023 and is projected to be valued at US$ 24.8 billion by 2033. Between 2023 and 2033, the market is expected to register a CAGR of 9.1%. The electric scooter market is expected to grow due to the implementation of government …
Global Automotive Timing Chain & Belt Market to Reach US$ 13.2 Billion by 2033, with a 4.5% CAGR
The global automotive timing chain & belt market share is predicted to register a CAGR of 4.5% over the forecast period, according to FMI’s analysis. The industry’s value is anticipated to increase from US$ 8.6 billion in 2023 to US$ 13.2 billion by 2033 end. The automotive timing chain & belt market is poised to …