The global rail gangways market is predicted to amass a revenue of US$ 634.0 million in 2028, scaling up from an estimated US$ 470.7 million in 2022. Historically, the market registered a slow CAGR of 3.9% from 2013 to 2021 and reached US$ 448.4 million by 2021. However, the market is slated to grow at …
Category Archives: Automotive Insights
Driving Value and Expansion: Unveiling the Growth Path of the Fifth Wheel Coupling Market
The fifth wheel coupling market is valued at US$ 637.1 Million as of 2023. By 2033, the market is expected to be valued at US$ 1.1 Billion and is projected to grow at a CAGR of 5.8% during the forecast period. Automobile manufacturers are laying a lot of emphasis on passenger safety. Owing to this, …
Energizing Innovation: Navigating the Evolution of the Automotive Battery Management System Market
According to ESOMAR-certified Future Market Insights’ (FMI), The Automotive Battery Management System Market is anticipated to register a CAGR of 25.6%. It is predicted that the market for car battery management systems will grow from US$ 3.8 billion in 2023 to US$ 37.4 billion by 2033. In the near future, electric vehicles will dominate the …
Illuminating Growth: Exploring the Trajectory of the Automotive Lighting Accessories Market from 2023 to 2033
In 2023, the automotive lighting accessories market is estimated to be reach around US$ 9.1 billion. Demand is anticipated to witness a growth outlook of 6.5% over the coming assessment period of 2023 and 2033. Demand for automotive lighting accessories is estimated to be impacted by certain demographic and macro-economic factors including rise in per …
Revving Up Revenue: The Business Dynamics Behind the Rising Valuation of the Gasoline Direct Injection System Market
The global gasoline direct injection market is projected to attain a valuation of US$ 10.6 billion in 2023 and is expected to accumulate US$ 25.79 billion by 2033, rising at a CAGR of 9.2% during the forecast period. Global efforts to address deteriorating ambient air quality have led to the adoption and enforcement of stricter …
Driving Business Growth: The Business Implications of Growing Demand for Automotive ABS and ESC Systems
According to a recent research report from Future Market Insights (FMI), the global automotive ABS and ESC market is poised for dynamic growth throughout the forecast period of 2022 to 2029. Projections indicate that the global sales of automotive ABS and ESC are anticipated to exceed a remarkable revenue milestone of US$ 100 Billion by …
Exploring the Surging Growth of In-Vehicle Ethernet Systems in the Evolving Automotive Industry
The In-Vehicle Ethernet System Market is expected to grow to US$ 9.4 billion in value by 2033. The Global In-Vehicle Ethernet System Market is anticipated to reach US$ 2.7 Billion in value in 2023 and is expected to grow at a CAGR of 14.6% from 2023 to 2033, according to FMI. The automotive industry has …
Accelerating Ahead: Unraveling the Lucrative Business Opportunities in the Global Two Wheeler Accessories Aftermarket
During the forecast period 2022 to 2032, the two wheeler accessories aftermarket is expected to grow at a value of 8.6% CAGR, according to Future Market Insights. By the year 2032, the global market for two wheeler accessories is expected to rise up to a market valuation of US$ 41.07 Billion. It’s difficult to imagine …
Electric Vehicle Boom Propels India Automotive Stamping Market to New Heights: Estimates a Valuation of US$ 18.86 billion by 2033
According to Future Market Insight, the India automotive stamping market is projected to reach US$ 18.86 billion by 2033, with a CAGR of 10.5%. This marks a substantial increase from the estimated value of US$ 6.94 billion in 2023. The expansion of India’s automotive industry directly translates into increased demand for automotive stamping components. As more vehicles …
Empowering Electric Mobility: Unveiling the Lucrative Market of Diagnostic Tools for EVs
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 …