The global electric vehicle battery market is set to strengthen its market hold at a promising CAGR of 8.5%, while it is forecast to hold a revenue of US$ 21.3 Billion by 2033. The market is valued at US$ 9,402.3 million in 2023. According to a research of the electric vehicle battery industry, the hybrid electric …
Category Archives: Automotive Insights
Automotive Brake Systems & Components Market to Hit US$ 109,862.1 million by 2033, Driven by Safety Demands of Advanced Vehicles
The automotive brake system & components market size is projected to be valued at US$ 69,403.5 million in 2023 and is expected to rise to US$ 109,862.1 million by 2033. The automotive brake system & components market sales are expected to capture a significant CAGR of 4.7% during the forecast period. The automotive brake system …
Off-Highway Vehicle (OHV) Telematics Market Size to Reach US$ 2154.3 million by 2033 at 16% CAGR
The off-highway vehicle (OHV) telematics market size is expected to be valued at US$ 488.3 million in 2023, rising to US$ 2154.3 million by 2033. The off-highway vehicle (OHV) telematics market is predicted to develop at a 16% CAGR between 2023 and 2033. The forecast for the OHV telematics market remains positive, mostly due to …
New Car Features Drive Airbag Market to US$ 35 Billion by 2033, Premium & Mid-Level Vehicles Lead the Charge
The global automotive airbag market is projected to have a high-paced CAGR of 4.4% during the forecast period. The current valuation of the automotive airbag market is US$ 12.2 Billion in 2023. The value of the automotive airbag market is anticipated to reach a high of US$ 35 Billion by the year 2033. The key aspects pushing …
E-V Power Surge Drives USA & Global Automotive Wiring Harness Market Size to US$ 119.3 Billion by 2033
The global automotive wiring harness market size is expected to reach a staggering value of US$ 119.31 billion by 2033, according to Future Market Insight. This projection reflects a CAGR of 8%, highlighting substantial growth compared to the projected value of US$ 55.26 billion in 2023. The increasing popularity of electric vehicles in the United …
Wire Rope Sling Market Share is expected to reach US$ 3.9 Billion by the year 2032
The global wire rope sling market was worth US$ 2.5 Billion in the year 2022 and is expected to reach US$ 3.9 Billion by the year 2032 at a CAGR of 4.55% between 2022 and 2032. Wire rope sling comes across as a kind of portion of rigging hardware used in hoisting and lifting activities. …
Electric Golf Car Market Size Set to Reach US$ 1.92 Billion by 2033
The global Electric Golf Cart market is estimated to reach US$ 1.3 billion in 2023 and US$ 1.92 billion by 2033, growing at a CAGR of 4.0%. In an upcoming market research study, Future Market Insights (FMI) lays bare undercurrents and opportunities prevailing in the global Electric Golf Cart market. The report provides in-depth insights …
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Global Brake System Market Set to Reach US$ 42.3 billion by 2034
According to Future Market Insights (FMI), the global brake system market is expected to reach US$ 24.9 billion in 2024 and US$ 42.3 billion by 2034. The market is projected to rise at a CAGR of 5.4% by 2034. The expansion of the market is attributed to the rising popularity of commercial vehicles such as electric buses and passenger …
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Charting the Course: Predicted CAGR of 9.5% Signals Robust Expansion for Electric Light Commercial Vehicle Market
The electric light commercial vehicle market was valued at around US$ 173 billion in 2019. In the following five years, sales of electric light commercial vehicles surged at a 12% CAGR and reached US$ 271.9 billion by 2023. The demand for electric light commercial vehicles is expected to be valued at 303.2 billion in 2024. …
Bicycle Tires Market Poised to Reach US$ 14.6 Billion by 2033
According to the latest report by Future Market Insights, the bicycle tires market is projected to witness substantial growth, with a Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2033. The market is expected to achieve a valuation of US$ 7.8 billion in 2023, and by the year 2033, sales of bicycle tires …
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