The worldwide automotive pillar market 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. An integral part of a vehicle’s body structure, automotive pillars are used to provide support …
Category Archives: Automotive Insights
Rolling Ahead: Automotive Tire Market Poised for 6.6% CAGR Growth to Reach US$ 958.8 Billion by 2033
The automotive tire market is expected to grow at a CAGR of 6.6% from 2023 to 2033. The market is valued at US$ 503.9 Billion as of 2023, and by 2033, the market is expected to hit a valuation of US$ 958.8 Billion. The stringent safety norms pertaining to road are expected to surge the …
Electric Light Commercial Vehicle Market Soars to US$ 271.9 Billion by 2023 with 12% CAGR
The electric light commercial vehicle market was valued at around US$ 173 billion in 2019. In the following five years, sales of electric light commercial vehicles surged at a 12% CAGR and reached US$ 271.9 billion by 2023. The demand for electric light commercial vehicles is expected to be valued at 303.2 billion in 2024. …
Automotive Wiper Blades Market to Reach US$ 8,788.3 Million by 2033 with 5.9% CAGR
The automotive wiper blades market share is projected to be valued at US$ 4,953.9 million in 2023 and is expected to rise to US$ 8,788.3 million by 2033. The sales of automotive wiper blades are expected to register a significant CAGR of 5.9% during the forecast period. Automotive wiper blades are crucial in ensuring clear …
Automotive Stamping Market Projected to Reach US$ 18,460.7 Million by 2033
According to forecasts, the automotive stamping market demand is expected to be US$ 11,014.5 million in 2023 and US$ 18,460.7 million by 2033. Due to a rise in vehicle production throughout the area, Asia-Pacific is now leading the automotive metal stamping industry. The market is projected to experience significant development due to the region’s rapidly …
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Used E-Scooter Market Share Set to Surge to US$ 919.7 Million by 2032
As per the study at FMI, the used E-Scooter market share was valued at US$ 671.2 million in 2022 and is expected to reach US$ 919.7 million by 2032, growing at a 3.2% CAGR. People are turning towards electric vehicles as they help with environmental concerns, technological integrations and new fuel and cost-friendly prospects, fuelling the sales …
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Off-Highway Vehicle (OHV) Telematics Market Set to Reach US$ 2,154.3 Million by 2033
The off-highway vehicle (OHV) telematics market is expected to be valued at US$ 488.3 million in 2023, rising to US$ 2154.3 million by 2033. The off-highway vehicle (OHV) telematics market is predicted to develop at a 16% CAGR between 2023 and 2033. The forecast for the OHV telematics market remains positive, mostly due to the …
Railway System Market Poised for Growth: Surpass US$ 45,192.2 Million by 2033
The railway system market is valued at US$ 28,278.1 million as of 2023. The market is expected to advance at a CAGR of 4.8% during the forecast period. By 2033, the market is expected to cross an estimate of US$ 45,192.2 million. Global urbanisation is accelerating, which has increased discretionary income. This has encouraged many …
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Air Brake System Market: Projected Growth to Exceed US$ 3 Billion by 2033
As per the reports published by FMI, the global air brake system market growth is estimated at US$ 2,108.8 Million in year 2023. The market value of the air brake system is anticipated to surpass a valuation of US$ 3 Billion by 2033, advancing at a CAGR of 3.6%. A historical market valuation of US$ …
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Automotive Interior Leather Market Demand: Expected to Reach US$ 54.27 Billion by 2033
The automotive interior leather market is anticipated to expand its roots at a steady CAGR of 4.5% between 2023 and 2033. The market is expected to have a market share of US$ 54.27 billion by 2033 while it is likely to be valued at US$ 34.94 billion in 2023. The increasing preference for lightweight design …