According to a new study by Future Market Insights (FMI), the global bicycle tire market is expected to be valued at ~US$ 6.4 Bn in 2021. Rising demand on environment-friendly modes of commuting is expected to help the market gain impetus in the coming years. The electric vehicle (EV) revolution has dramatically altered the global automotive landscape. …
Category Archives: Automotive Insights
Compact Utility Vehicles Market sales are set to be valued at US$ 3.65 Bn in 2021: Doosan Bobcat, Kubota Corporation, Komatsu Ltd
Global compact utility vehicle sales are set to be valued at US$ 3.65 Bn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights, an ESOMAR-certified research and consulting firm. The report estimates global compact utility vehicle market to grow at nearly 2.4% during 2021-2031. The report offers analysis in 20+ high-growth …
Cargo Bike Market to grow at 11.6% CAGR between 2021 and 2031 | Accell Group N.V. (Carqon), Jinhua Jobo Technology Co., Ltd., BODO Vehicle Group Co., Ltd. (LUXMEA)
Cargo Bike Market Snapshot The global demand for cargo bikes is expected to rise at 10.8% year-on-year in 2021 with sales reaching over US$ 900 million. Future Market Insights (FMI) projects the cargo bike market to grow at 11.6% CAGR between 2021 and 2031. With the rise of e-commerce operations, logistical flows are witnessing significant expansion, creating transport and time-sensitive operational challenges. According …
Global Automotive Microcontrollers Market has been projected to exhibit a staggering 13.7% CAGR during 2017 to 2022 | Toshiba Corporation, Infineon Technologies, Maxim Integrated Products, Inc
The global market for automotive microcontrollers has been projected to exhibit a staggering 13.7% CAGR during 2017 to 2022, according to a latest research by Future Market Insights (FMI). The global automotive microcontrollers market is estimated to surpass US$ 1,500 Mn in revenues by 2022-end. Utilisation of Microchips to Enhance Flexibility and Improve Connectivity in Vehicles – …
Automotive Lighting Market is expected to reach a valuation of US$34.7 Billion in 2021, And expected to grow at a CAGR of 6.3% for 2021- 2031 | Koito Manufacturing Co. Ltd., Hella KGaA Hueck & Co., Stanley Electric Co., Valeo SA
According to ESOMAR-certified Future Market Insights (FMI), automotive lighting sales have been increasing significantly in response to the growing demand for better safety systems across the globe. As per the study, the global automotive lighting market is anticipated to grow at around 6.3% CAGR through the forecast period from 2021 to 2031. The automotive lighting market is …
Automotive Tire Market financial guide for 2031 by leading players Continental AG, Bridgestone Corp., Michelin
According to ESOMAR-certified Future Market Insights’ (FMI), demand for automotive tire is expected to rise considerably, enabling the automotive tire market to grow at 6.0% CAGR throughout the forecast period between 2021 and 2031. Newly released data by Future Market Insights predicts the global automotive tire market to reach US$ 366,092 Mn in 2021. Despite stifled growth amid COVID-19 outbreak, the market is …
Automotive Wiring Harness Market sales are set to exceed US$ 48 Bn in 2021, And grow at 7.9% CAGR through 2031 | LEONI Group, Samvardhana Motherson Group, Sumitomo Electric
Substantial increase in the investment for automated driving activities and development of electric vehicles charging infrastructure across the globe are expected to remain key defining factors in the global automotive wiring harness market. As per FMI’s analysis, the global automotive wiring harness sales are set to exceed US$ 48 Bn in 2021, whereas in the long-term, …
Automotive Bearing Market will Register a CAGR of 4.9% through 2022 | The Timken Company, Schaeffler AG, RKB Bearing Industries, NTN Corporation, NRB Bearings Ltd.
Automotive bearings are accountable for smooth, economical and frictionless running of automobiles. They are present in almost every part of the automobile to ensure movement safety, load handling as well as balance. Several types of bearings are used in automobiles. To name a few, thrust bearings, ball bearings, roller bearings, housed units, needle roller bearings, …
Automotive Glass Market projecting 4% CAGR through 2030 | Dura Automotive Systems, Saint-Gobain S.A., Asahi Glass Co. Ltd., Fuyao Glass Industry Group Co. Ltd.
The global demand for automotive glass has declined significantly in 2020, with the Covid-19 pandemic restricting automotive production and reducing new orders in the manufacturing sector. However, long-term prospects remain bullish, with a new report by FMI projecting 4% CAGR through 2030. The report opines that market players will benefit from smart glass technology and the rising …
Advanced Driver Assistance System (ADAS) Testing Equipment Market reached US$ 222,486 Thousand in 2021 | Konrad GmbH, AB Dynamics plc, National Instruments Corporation, TKH Group NV
As per a recent market survey by ESOMAR-certified consulting firm Future Market Insights (FMI), the global ADAS testing equipment market reached US$ 222,486 Thousand in 2021. Development of sophisticated ADAS equipment, coupled with increasing adoption of autonomous vehicles in various countries, is identified as key growth accelerators in the report. Owing to these factors, FMI has projected the market …