New Product Development
The smart motors market is forecasted to garner revenue of US$ 3.2 billion by 2033, up from US$ 1.9 billion in 2023 advancing at a rate of 5.2% from 2023 to 2033. Market Drivers: Industry 4.0 Adoption: Increasing adoption of Industry 4.0 technologies, including IoT, AI, and data analytics, drives demand for smart motors capable …
Continue reading “Smart Motors Market Projected to Reach US$ 3.2 Billion by 2033”
According to Future Market Insights, the global automotive repair & maintenance services market is expected to be valued at US$ 915.88 billion in 2023. From 2023 to 2033, the market is projected to rise at a CAGR of 7.2% to reach US$ 1,850 billion. Market Drivers: Vehicle Age and Miles Driven: Increasing vehicle age and …
According to FMI estimations, the off-highway electric vehicle market size could be worth US$ 2.24 billion globally in 2023. Sales of off-highway electric vehicles are projected to reach a record high of US$ 8.36 billion by 2033, rising at a CAGR of 14.1% from 2023 to 2033. Market Drivers: Emission Reduction Targets: Increasing environmental regulations …
Continue reading “Off-Highway Electric Vehicle Market to Surge to US$ 8.36 Billion by 2033”
The global EV coolants market is figured out to be around US$ 297.2 million in 2023 and is expected to grow at a rate of 28.7% in the coming decade. A report on the EV coolants market predicts the overall valuation to reach up to US$ 3,704.9 million by the year 2033. Market Drivers: Battery …
Continue reading “EV Coolants Market Growth Poised to Surge to US$ 3,704.9 Million by 2033”
The mobile car wash & detailing market is anticipated to expand by 9% between 2023 and 2033, reaching a market value of US$ 106.271 billion. By 2033, the mobile car wash & detailing business is expected to be worth over US$ 251.583 billion. Market Drivers: Convenience and Time-saving: Mobile car wash and detailing services offer …
Continue reading “Mobile Car Wash & Detailing Market Set to Reach US$ 251.583 Billion by 2033”
The global electric cargo bike market 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. Market Drivers: Urbanization and Congestion: Rapid urbanization and increasing traffic congestion in cities drive the …
Continue reading “Electric Cargo Bike Market Demand to Reach US$ 6.2 Billion by 2033”
The global automotive exterior trim parts market in 2022 was US$ 21.03 billion and is estimated to be US$ 42.5 billion in 2023. According to Future Market Insight, the automotive exterior trim parts market is estimated to expand at a CAGR of 4.0% between 2023 and 2033, totaling around US$ 62.9 billion by 2033. Market …
Continue reading “Automotive Exterior Trim Parts Market to Reach US$ 62.9 Billion by 2033”
The ship repair and maintenance services market is likely to strengthen its boundaries at a CAGR of 6.6% during the forecast period. The market is anticipated to cross a market share of US$ 50.3 billion by 2033 while it holds a revenue of US$ 26.5 billion in 2023. Market Drivers: Aging Fleet: The global fleet …
According to Future Market Insights’ (FMI) projection, the worldwide X-by-wire market size would expand at a CAGR of 16.0% in value during the forecast period. The value of the global X-by-Wire market is anticipated to be US$ 39 Billion in 2022 and US$ 81 Billion by the end of 2027. The global x-by-wire is in …
Continue reading “X-by-Wire Market Size Expected to Reach US$ 81 Billion by 2027”
Future Market Insights has mentioned in its reports that the Compact Utility Vehicles Market Size is predicted to expand at a CAGR of 5.5% between 2023 and 2033, totalling around US$ 58.9 billion by 2033. In recent years, the compact utility vehicle market has grown significantly. This growth is projected to maintain over the following …
Continue reading “Compact Utility Vehicles Market Size Set to Reach US$ 58.9 Billion by 2033”