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 …
Category Archives: Automotive Insights
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 …
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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 …
Global Micro-mobility Charging Infrastructures Market Set to Reach US$ 36.6 Billion by 2032
The Global Micro-mobility Charging Infrastructures Market was valued at US$ 3.8 Billion in 2021 and is expected to reach US$ 36.6 Billion by year 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, wired Micro-Mobility Charging Infrastructures will remain pivotal for the market as the bulk of revenue will be generated through this …
Rising Demand and Steady Growth: The Outlook for Automotive Interior Leather Market in the United States
The automotive interior leather market in the United States is projected to experience robust growth, as per forecasts by FMI. This growth will be fueled by an increasing demand for light vehicles across the nation. Notably, the commercial vehicle segment plays a pivotal role in driving this demand, contributing to almost two-thirds of the market …
Golf Cart Industry on Par for Growth: FMI Projects 3.9% CAGR by year 2033
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. Various factors contribute to the expansion of the golf cart industry. One key factor …
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Global Automotive Pump Market Set to Surge to US$ 118 Billion by 2033 | Exclusive Report by Future Market Insights, Inc.
According to Future Market Insights, the global automotive pump market is anticipated to attain a valuation of US$ 64.57 Billion in 2023 and is expected to reach US$ 118 Billion by 2033. During the 2023 to 2033 forecast period, the market is slated to proliferate at a CAGR of 6.2%. The global increase in vehicle …