The electric vehicle battery market is forecast to experience a growth of 8.5% CAGR over the estimated time, as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 9,402.3 million in 2023. The increasing transition toward electric vehicles (EVs) is expected to propel accelerated battery demand in leading automobile …
Category Archives: Automotive Insights
Dual-Clutch Market’s Remarkable Growth at 9.8% CAGR to Reach US$ 52.1 Billion by 2033
The dual-clutch transmission market is likely to thrive at a CAGR of 9.8% during the forecast period. The market is anticipated to cross a market share of US$ 52.1 billion by 2033, while it holds a revenue of US$ 20.4 billion in 2023. – The market demand for dual clutch transmission rises with the companies adopting the …
Lightweight Compact Wheel Loader Market Set to Surge to US$ 30.3 Billion by 2033 with 8.4% CAGR
The global lightweight compact wheel loader market in 2022 was US$ 12.2 billion and is estimated to be US$ 13.53 billion in 2023. Future Market Insights has mentioned in its reports that the lightweight compact wheel loader market will expand at a CAGR of 8.4% between 2023 and 2033, totaling around US$ 30.3 billion by …
Europe’s Electric Cargo Bike Market to Flourish, Led by Germany’s Dominance and 11.6% CAGR
According to Future Market Insights, Europe will continue to be one of the most alluring markets for electric cargo bikes during the forecast period. Germany is anticipated to hold more than 40% of the European market through 2033, according to the report. During the forecast period, the market in this area is anticipated to expand …
Global Electric Scooters Market Poised to Reach US$ 22.7 Billion by 2032 with a Steady 9% CAGR
The global electric scooters market is valued at US$ 9.59 billion as of 2022. The market is expected to grow at a CAGR of 9% during the forecast period, and by 2032, the market is expected to reach an estimated US$ 22.7 billion. Rising fuel prices, coupled with an increasing demand for fuel-efficient vehicles, are expected to …
Automotive Wire & Cable Materials Market to Surge at 6.1% CAGR, Crossing US$ 8.7 Billion by 2032
The global automotive wire & cable materials market is expected to showcase lucrative growth opportunities over the projection period from 2022 to 2032 by exhibiting an opulent CAGR of 6.1%, the market was valued at US$ 4,535.0 Million in 2021 and is anticipated to surpass US$ 8,732.3 Million by 2032. On the basis of material type, the PVC segment is set …
Automotive Composites Market Projected Valuation of US$ 26.1 Billion by 2033 | Future Market Insights, Inc.
The automotive composites market is to reach a valuation of US$ 8.3 billion in 2023. Future Market Insights reports say that the market is anticipated to expand at a 12.1% CAGR from 2023 to 2033. The Market is anticipated to reach US$ 26.1 billion by the end of 2033. The market for automotive composites always …
Unveiling the Surge of the Park Assist System Market – Transforming Parking Experiences with Advanced Guidance Technology
The global park assist system market is projected to reach a valuation of US$ 595.6 Million in 2022. Demand is forecast to increase at a 14.3% CAGR during the forecast period, reaching US$ 2.2 Billion by 2032. Park assist system, which is also known as advanced parking guidance system, helps the driver park with higher precision using advanced guidance …
Exploring the Astounding Growth of the Front Collision Warning Market Amidst Rising Road Mishaps
The global front collision warning market was worth US$ 2.93 Billion in the year 2022 and is expected to reach US$ 11.28 Billion by the year 2032 at a staggering CAGR of 14.5% between 2022 and 2032. With growing number of road mishaps, the front collision warning market is expected to grow atrociously in the …
Elevating the Tracks: USA’s Impact on the Global Locomotive Pantographs Market Share (2023-2033)
As per Future Market Insights, the USA locomotive pantographs market is poised to hold a share of 19.2% in the global market throughout the forecast period. In comparison to other economies, the USA has just 1% of its railway lines that are electrified. The global locomotive pantographs market is anticipated to be worth US$ 712.5 …