The Electric Bike Market 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. Key Points: The United States market leads the North …
Category Archives: Automotive Insights
Bicycle Components Aftermarket Comprehensive Research Study and Strong Growth in Future by 2033
The Bicycle Components Aftermarket in 2022 was US$ 14 Billion and is estimated to be US$ 14.62 Billion in 2023. According to FMI analysis, the bicycle components aftermarket is projected to expand at a CAGR of 6.9% between 2023 and 2033, totaling around US$ 28.3 Billion by 2033. The surge in demand for bicycle components …
Driving Forces: Exploring the Surging Demand for Golf Carts Across Recreation and Business Sectors
The golf cart market is projected to rise from US$ 1.41 billion in 2023 to US$ 2.07 billion by 2033. According to FMI, the sales of golf carts are predicted to expand at a CAGR of 3.9% during the forecast period. Key Takeaways from the Golf Cart Market: The United States holds a significant market …
Automotive Exterior Trim Parts Market projected to hit US$ 62.9 Billion by 2033, Fueled by Personalization Trend
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. The …
Construction Equipment Maintenance Market to Achieve US$ 33.96 Billion by 2033 with a 4.1% CAGR | Future Market Insights, Inc.
The global Construction Equipment Maintenance And Repair Market is anticipated to grow at a CAGR of 4.1% in 2023 and reach an estimated value of US$ 22.72 billion. In 2033, the construction equipment maintenance and repair industry is expected to be worth US$ 33.96 billion. As businesses are anticipated to place a greater emphasis on research and …
North America’s Underground Mining Vehicle Market Set to Surge to US$ 8.8 Billion by 2033 with a 6% CAGR Driven by AI and Automation Advancements
The North America underground mining vehicle market is anticipated to attain a valuation of US$ 4,891.72 million in 2023 and is estimated to reach US$ 8,795.08 million by 2033, trailing a CAGR of 6% during the forecast period. Rising investment in mining and industrialization, coupled with the adoption of artificial intelligence and machine learning technologies, …
EV Charging Cables Market Projecting a Valuation of US$ 11,541.6 Million by 2032
The global EV Charging Cables Market is anticipated to register a phenomenal growth rate of about 22.2% during the forecast period from 2022 to 2032, with an expected valuation of US$ 1,549.3 Million in 2022 and totaling around US$ 11,541.6 Million by the end of 2032. Rapid EV Adoption and Awareness: As the world shifts …
Continue reading “EV Charging Cables Market Projecting a Valuation of US$ 11,541.6 Million by 2032”
Electric Three-Wheeler Market to Reach US$ 1.5 Billion by 2033, Fueled by 5.8% Annual Growth
According to Future Market Insight, the electric three-wheeler market is expected to reach US$ 866.8 Million in 2023 and US$ 1,523.2 Million by 2033, growing at a CAGR of 5.8% from 2023 to 2033. Electric cars are increasingly preferred as an ecologically friendly and cost-effective means of transportation over traditional vehicles powered by fossil fuels. …
Used EV Market Accelerates with 8.4% Projected Growth from 2023 to 2033, Surging to a Valuation of US$ 40 Billion
During the time period between 2018 and 2022, the global Used EV market grew at an annual rate of 5.3% and reached a valuation of US$ 16,428.4 million by 2022. According to the FMI research report, worldwide sales of used EVs are projected to grow at 8.4% from 2023 to 2033. the overall market value …
Shaping the Electric Landscape: EV Charger Market Poised to Cross US$ 68,967.2 million by 2033
According to ESOMAR-certified Future Market Insights’ (FMI) – By the end of the year 2033, the overall valuation of the global EV charger market is expected to be around US$ 68,967.2 million. This year, it is expected to be US$ 6,520.9 million and increase at a CAGR of 26.6% from 2023 to 2033. The net …