According to FMI estimations, the off-highway electric vehicle market size could be worth US$ 2.24 billion globally in 2023. Sales of off-highway electric vehicles are projected to reach a record high of US$ 8.36 billion by 2033, rising at a CAGR of 14.1% from 2023 to 2033. Electric vehicles that are intended to be used …
Category Archives: Automotive Insights
Rising Trends in Thin Insulation: From UV Protection to Building Innovations, a Forecast of Market Growth and Opportunities
The Thin Insulation Market size is anticipated to increase at a CAGR of 5.5% from 2023 to 2033, reaching US$ 2.3 Billion by 2023. The thin insulation industry is to hit US$ 4 Billion by 2033. Excellent thermal resistance and UV protection are provided by thin insulation. The thin insulation market is expanding as a …
Global Aerospace Fasteners Market Soars to Anticipated Worth of US$ 14.6 Billion by 2032, Driven by Steady 6.4% CAGR
The global aerospace fasteners market is projected to reach US$ 7,834.5 million in 2022, expanding at a steady CAGR of 6.4% from 2017 to 2022. By 2032, the aerospace fasteners market is projected to be worth US$ 14,568.9 million. According to research conducted by Future Market Insights, the aerospace fasteners market has historically grown at …
Global Bicycle Components Aftermarket Set to Reach US$ 28.3 Billion by 2032 Driven by Growing Bicycle Fleet and Recreational Trends
Over the forecast period of 2022 to 2032, sales in the global bicycle components aftermarket are expected to grow at a CAGR of 6.9%, to reach a valuation of US$ 28.3 Billion by the end of 2032. Rising bicycle fleet across the globe is expected to be the key driving factor for the demand for bicycle components. Growing popularity …
Revolutionizing North America’s Underground Mining Vehicle Market: The Role of AI and Automation in Driving Growth
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, …
On the Move: Weigh-in-Motion Systems Market Set to Surge to US$ 2.55 Billion by 2032
During the projected period, the demand for weigh-in-motion systems is predicted to grow at a moderate CAGR of 10.3%. The global weigh-in-motion systems market is expected to generate US$ 1.04 billion in sales in 2022 and US$ 2.55 billion by 2032. Over the forecast period, the weigh-in-motion systems market outlook is expected to be driven by the rapid increase in the number of vehicles …
On the Fast Track: Unveiling the Resurgence of Growth in the Rail Gangways Market Amidst High-Speed Rail Advancements
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 …
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 …