Green Tire Market The global green tire market is poised for substantial growth, expected to reach USD 85.79 billion by 2033, rising from USD 33.68 billion in 2023, driven by a compound annual growth rate (CAGR) of 9.8% over the forecast period. This momentum is propelled by increasing environmental awareness, government incentives, and the adoption …
Category Archives: Automotive Insights
Automotive AC Compressor Market Expected to Reach USD 14.1 Billion by 2033, Growing at a 3.9% CAGR | FMI Reports
Automotive AC Compressor Market The global automotive AC compressor market is projected to grow at a CAGR of 3.9% over the forecast period, reaching an estimated value of USD 14.1 billion by 2033, up from USD 9.6 billion in 2023 due to rising demand. Key Trends in the Market Electrification: With a strong emphasis on …
Global Automotive Carbon Brake Rotors Market Set to Grow at 7.7% CAGR, Projected to Reach USD 12.4 Billion by 2033 | FMI Insights
Automotive Carbon Brake Rotors Market The global automotive carbon brake rotors market is projected to expand from USD 5,907.8 million in 2023 to USD 12,381.2 million by 2033, with a robust compound annual growth rate (CAGR) of 7.7% during the forecast period. This growth is primarily driven by the increasing demand for lightweight, high-performance brake …
Automotive Belts Market Forecasted to Achieve USD 21,136.4 Million by 2033, Growing at a 3.9% CAGR | FMI Reports
Automotive Belts Market The automotive belts market is expected to surpass USD 14,417.0 million in 2023 and reach approximately USD 21,136.4 million by 2033, reflecting a compound annual growth rate (CAGR) of 3.9% over the forecast period. The steady increase in global automobile production, particularly in developing economies, is a significant driver of demand for …
Forecast: Automotive Soft Trim Interior Materials Market Expected to Grow to USD 9,601.3 Million by 2033, With a 4.8% CAGR | FMI Reports
Automotive Soft Trim Interior Materials Market Forecasts suggest that the automotive soft trim interior materials market will grow from USD 6,007.8 million in 2023 to USD 9,601.3 million by 2033. This growth is driven by increasing demand for innovative manufacturing processes in vehicle interiors. Future manufacturers will need to adapt to changing consumer preferences, focusing on …
By 2033, the Automotive Radar Market is Expected to Achieve USD 18.0 Billion, Growing at a CAGR of 13.2% | FMI Reports
Automotive Radar Market The automotive radar market is forecasted to grow steadily, achieving a compound annual growth rate (CAGR) of 13.2% from 2023 to 2033. The market, valued at USD 5.2 billion in 2023, is expected to reach approximately USD 18.0 billion by 2033. This growth is driven by the expanding automotive sector and continuous …
Automotive Front End Module Market Expected to Hit USD 23.7 Billion by 2032, With a CAGR of 6.3% | FMI Reports
Automotive Front End Module Market The global automotive front-end module market is set to grow at a compound annual growth rate (CAGR) of 6.3% over the forecast period, with its value expected to increase from USD 12.8 billion in 2023 to approximately USD 23.7 billion by 2032. Strategies for Manufacturers to Drive Market Growth Manufacturers …
Global Aerospace Fastener Market Poised for Substantial Growth, Surging Towards USD 16,493.4 Million by 2034, Growing at 6.4% CAGR | Future Market Insights
According to Future Market Insights (FMI), the aerospace fastener market is expected to be valued at USD 8,869.4 Million in 2024. The demand for aerospace fasteners is tied to the growth of the aerospace industry. As both commercial and military aircraft get the go-ahead, more fasteners are being demanded, and thus, the market is expanding. The market is set …
Mining Shovel Market Set to Surpass USD 10.4 Billion by 2033, Driven by Technological Advancements
The global mining shovel market is projected to create an absolute dollar opportunity exceeding USD 10.4 billion by 2033, with sales expected to reach around USD 8.0 billion by 2023, growing at a CAGR of 2.7% during the forecast period from 2023 to 2033. Market growth is being fueled by the increasing demand for advanced …
Airbag Control Unit Sensor Market to Grow at 6.6% CAGR, Reaching USD 1,217.1 Million by 2033
The airbag control unit sensor market is set to expand at a compound annual growth rate (CAGR) of 6.6% between 2023 and 2033. The market, valued at USD 642.3 million in 2023, is projected to surpass USD 1,217.1 million by 2033. The rise in global vehicle production and sales, alongside the steady growth of the …