The global trash rack cleaning machine (TRCM) market is anticipated to grow from USD 391.4 million in 2023 to approximately USD 585 million by 2033, expanding at a CAGR of 4.1% over the forecast period. Trash rack cleaning machines are essential for clearing debris such as logs, branches, leaves, and grass that obstruct trash racks, …
Category Archives: Automotive Insights
Global Swivel Couplers Market Set to Reach USD 584.87 Million by 2033 with a 5.3% CAGR
The global swivel couplers market is expected to grow steadily, reaching USD 584.87 million by 2033 with a CAGR of 5.3% from 2023 to 2033. Valued at USD 348.96 million in 2023, the market’s expansion is primarily fueled by increasing construction activities and growth in the fabrication sector. Swivel couplers, typically made from metals and …
Global Slitting Machine Market to Reach USD 682 Million by 2032, Driven by Automation in Packaging and Growing Demand in Metal and Plastic Industries
The global slitting machine market, valued at USD 498 million in 2022, is projected to reach USD 682 million by 2032, growing at a CAGR of 3.2% over the forecast period. Slitting machines are commonly used for precise slitting of materials such as paper, plastic film, and metal foils. For softer materials, circular or straight …
Automotive Brake Friction Products Market Set for Robust Growth, Projected to Reach USD 17.2 Billion by 2032 | FMI Reports
Automotive Brake Friction Products Market The automotive brake friction products market is on track for significant growth, with a projected CAGR of 4.8% and an expected market value of USD 17.2 billion by 2032. This expansion is primarily driven by the increasing demand for reliable, high-performance braking systems in vehicles, coupled with advancements in brake …
Leisure Boats Market Set to Reach USD 90,508.6 Million by 2034, Growing at a 6.1% CAGR | FMI Reports
Leisure Boats Market The global leisure boat market is projected to reach USD 50,065.2 million in 2024, with an expected CAGR of 6.1% during the forecast period from 2024 to 2034. By 2034, the market value is estimated to reach approximately USD 90,508.6 million. Among various types of leisure and recreational boats, yachts are anticipated …
Global Micro-Mobility Charging Infrastructures Market Set to Surge to USD 36.6 Billion by 2032, Driven by Wired Charging Solutions | FMI Reports
Micro-mobility Charging Infrastructure Market The global micro-mobility charging infrastructures market was valued at USD 3.8 billion in 2021 and is expected to reach USD 36.6 billion by 2032, according to a recent survey by Future Market Insights (FMI). The market is projected to grow at a robust CAGR of 22.5%, with wired charging solutions leading …
Off-Road Motorcycles Market Projected to Reach USD 30,875.1 million by 2034, Growing at a 6.1% CAGR | FMI Reports
Off-Road Motorcycles Market The global Off-Road Motorcycle Market is projected to reach a valuation of USD 17,078.7 million in 2024 and is anticipated to grow at a CAGR of 6.1% over the forecast period, ultimately reaching USD 30,875.1 million by 2034. Off-road motorcycles, commonly referred to as dirt bikes, are equipped with reinforced suspensions and …
Electronic Power Steering (EPS) Market Expected to Reach USD 41.9 Billion by 2032, Driven by Safety Innovations and Demand for Fuel Efficiency | FMI Reports
Electronic Power Steering Market The global electronic power steering (EPS) market is forecasted to grow from an estimated USD 25.2 billion in 2022 to USD 41.9 billion by 2032, expanding at a steady CAGR of 5.2%. Key growth drivers include a strong focus on vehicle safety and the increasing popularity of advanced electronic, self-driving, and …
Automotive Brake System Market to Reach USD 29.6 Billion by 2033, Driven by Safety Innovation and Regulatory Standards | FMI Reports
Automotive Brake System Market The global automotive brake system market is on track for substantial growth, projected to expand from USD 6.2 billion in 2023 to USD 29.6 billion by 2033, representing an impressive CAGR of 16.9%. Automotive brake systems are essential to vehicle safety, offering critical stopping power and control that helps prevent accidents …
Global EV Charging Cable Market to Reach USD 16.99 Billion by 2034, Driven by Surging Demand for Electric Vehicles and Advanced Charging Solutions | FMI Reports
EV Charging Cable Market A new report by FMI forecasts significant growth in the EV charging cable market, projecting a rise from USD 2.28 billion in 2024 to a substantial USD 16.99 billion by 2034, driven by an impressive CAGR of 22.24%. The increased adoption of electric vehicles (EVs), supported by sustainability-focused government policies, is …