The Artificial Intelligence (AI) in automotive market is anticipated to record a robust CAGR of 55% between 2023 and 2033. The market is anticipated to cross a market share of US$ 9.3 billion in 2023, while it is expected to be valued at US$ 744.39 billion by 2033. Advanced vehicles with self-driving and fully autonomous …
Category Archives: Automotive Insights
Fueling the EV Revolution: Capitalize on the Surging US$ 122.8 Billion EV Charging Station Market
In 2018, the global EV charging station market had sales of US$ 3.8 billion. In 2022, the market expanded by 52.4% year over year. In 2023, it’s projected to generate US$ 22.9 billion in sales. The market for EV charging stations worldwide is anticipated to surge at a CAGR of 18.3% between 2023 and 2033. …
Cargo Bikes Gain Momentum: Market Set to Reach US$ 4.2 Billion by 2033
The global cargo bike market is estimated to attain a valuation of US$ 1.4 billion in 2023 and is expected to accumulate US$ 4.2 billion by 2033, rising at a CAGR of 11.6% during the forecast period. Cargo bikes have evolved beyond their traditional role in goods delivery and transportation. They now serve as platforms …
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Unlock Sustainable Urban Mobility: Invest in the US$ 6.2 Billion Electric Cargo Bike Market
The global electric cargo bike market is expected to attain a valuation of US$ 2.1 billion in 2023 and is projected to reach US$ 6.2 billion by 2033, expected to rise at a CAGR of 11.4% during the forecast period. The rise of e-commerce has sparked an increased need for last-mile delivery services, a demand …
Global Automotive Seat Heater Market Size to Reach US$ 5.8 Billion by 2033
The global automotive seat heater market size reached US$ 2,871.1 million in 2022. Over the forecast period, global automotive seat heater demand is anticipated to rise at a 6.7% CAGR. Total market value is predicted to increase from US$ 3,030.0 million in 2023 to US$ 5,790.8 million by 2033. The market for car seat heaters is expanding due to the escalating rivalry in …
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Automotive Pillar Market Poised for Steady Growth, Reaching Over US$ 10,690.3 million by 2033
The worldwide automotive pillar market growth is anticipated to amass a revenue of US$ 10,690.3 million by 2033 as opposed to US$ 7,016.9 million in 2023. The market is set to experience a moderate CAGR of 4.3% from 2023 to 2033. Several factors are contributing to this market growth: Increasing demand for vehicles: The rising global …
Electric Commercial Vehicle MRO Market Expected to Reach US$ 5,401.6 Million by 2033
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 …
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. …