The total value of electric commercial vehicle MRO market in the previous year 2022 is figured at around US$ 513.9 million. During the projection period, the FMI report predicts that the overall market would develop at an amazing pace of 23.8% per year. Meanwhile, the total market value is anticipated to grow from US$ 638.7 …
Category Archives: Automotive Insights
Diagnostic Tools for EVs Market to Surge at 12.8% CAGR by year 2033
The global diagnostic tools for EVs market is expected to rise at a sturdy growth rate of 12.8% during the forecast years as per a report by FMI. The overall market valuation of total sales of diagnostic tools for EVs in 2022 was US$ 1,437 million which is further projected to reach US$ 5,401.6 million …
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Western Europe’s Automotive Turbocharger Adoption to Surge with an 8.9% CAGR by 2033
The adoption of Automotive Turbocharger in Western Europe is estimated to display a promising CAGR of 8.9% through 2033. The sales of automotive turbocharger in Western Europe are expected to reach a valuation of US$ 14,141.8 million by 2033, up from US$ 6,042.9 million in 2023. The Automotive Turbocharger Industry in Western Europe plays a significant role …
Electric Vehicle Sensor Market to Surge: Expected Valuation of US$ 37.1 Billion by 2032
The global electric vehicle sensor market demand is expected to reach a valuation of US$ 37.1 Billion by 2032. Position sensors are projected to account for more than 40% of the total electric sensors market share by 2032. The Electric Vehicle (EV) Sensor Market focuses on the production, distribution, and integration of sensors specifically designed for electric vehicles. …
Accelerating Growth in Automotive ABS and ESC Market: Expected to Reach US$ 4,069.95 Million by 2033
The automotive ABS and ESC market in Germany have been experiencing significant growth, propelled by the country’s renowned automotive sector and its commitment to enhancing road safety. With a projected surge in global market size to US$ 1,407.80 million in 2023 and a further rise to US$ 4,069.95 million by 2033, Germany stands as a …
Electric Bike Market Set to Flourish: Projected to Reach US$ 150.01 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 Electric Bike Market involves the production, distribution, …
Automotive Window Regulator Market to Surpass US$ 21.2 Billion by 2031
According to Future Market Insights (FMI), the automotive window regulator market will be worth more than US$ 21.2 Billion by 2031. During the projection period, a strong 4.5% CAGR is predicted during forecast period. The Automotive Window Regulator Market pertains to the production, distribution, and sale of mechanisms used to control the movement of automotive …
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Mobile Car Wash & Detailing Market Expected to Reach US$ 251.583 Billion 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. The Mobile Car Wash & Detailing Market involves the provision of car …
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Automotive Smart Antenna Market to Reach US$ 15,754.6 Million by 2033
The global automotive smart antenna market value is predicted to increase from US$ 6,643.2 million in 2023 to US$ 15,754.6 million by 2033. By 2033, global demand for automotive smart antennas is projected to surge at a CAGR of 9.1%. Automotive smart antennas are witnessing higher demand from diverse automobile sectors, and the trend is …
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Automotive Repair & Maintenance Services Market to Reach US$ 1,850 Billion by 2033 with a 7.2% CAGR
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. The automotive repair and maintenance services market is a segment of …