The global off-highway EV component market was valued at USD 25.7 billion in 2022 and is projected to reach USD 29.2 billion in 2023. From 2023 to 2033, the market is expected to grow at a compound annual growth rate (CAGR) of 13.9%, potentially reaching a market size of USD 106.2 billion by 2033. The …
Category Archives: Automotive Insights
United States Automotive Lightweight Body Panel Industry: Driving Innovation in Efficiency and Sustainability | FMI Reports
The analysis of the United States lightweight body panel industry indicates a projected compound annual growth rate (CAGR) of 4.5% from 2023 to 2033. Sales are expected to reach USD 34,867.8 million in 2023 and are forecasted to grow to USD 54,359.1 million by 2033. In 2022, the market revenue was valued at USD 32,314.3 …
Automotive Glass Film Market: Enhancing Comfort, Safety, and Aesthetics in the Automotive Industry | FMI Reports
In 2022, global automotive glass film sales experienced a 3.9% year-on-year growth, reaching a market valuation of USD 4,494.0 million. Over the forecast period, the global demand for automotive glass films is expected to grow at a compound annual growth rate (CAGR) of 4.6%. The market size is projected to increase from USD 4,677.5 million …
Zinc-Air Batteries Market: Revolutionizing Power Solutions with Enhanced Efficiency and Eco-Friendliness | FMI Reports
The zinc-air batteries market is projected to grow at a compound annual growth rate (CAGR) of 5.7% over the forecast period. The market size is expected to increase from USD 2.0 billion in 2023 to USD 3.5 billion by 2033. The Zinc-Air Batteries Market is experiencing significant growth, driven by the increasing demand for eco-friendly, …
United States and Canada Collision Repair Parts Market: Growth Driven by Advancements in Automotive Technology and Rising Vehicle Ownership | FMI Reports
The collision repair parts market in the United States and Canada was valued at USD 33,696.5 million in 2022, marking a year-on-year growth of 3.5%. In 2023, the market is expected to reach a revenue of USD 34,990.8 million. From 2023 to 2033, the market for collision repair parts in the United States and Canada …
Global Automotive Performance Accessories Market Set for Accelerated Growth Amid Rising Demand for Vehicle Customization and Enhanced Performance | FMI Reports
According to a comprehensive report by Future Market Insights, global sales of Automotive Performance Accessories reached USD 297.8 million in 2018. Year-over-year growth was recorded at 3.5% in 2022, with revenue anticipated to reach USD 352.9 million in 2023. Looking forward, the global Automotive Performance Accessories market is projected to grow at a compound annual …
Windscreen Adhesives Market to Expand Amid Growing Demand for Safety and Durability in Automotive Glass | FMI Reports
The global windscreen adhesives market is projected to reach a value of USD 2.8 billion in 2023, with expectations to exceed USD 5.5 billion by 2033, growing at a compound annual growth rate (CAGR) of 7.8% during the forecast period. Market growth is driven by the rise in vehicle production across both emerging and developed …
Mid-Lift Axle Market to Surge as Demand for Fuel Efficiency and Load Optimization in Heavy-Duty Vehicles Increases | FMI Reports
The global mid-lift axle market is estimated to reach a value of USD 2,818.0 million in 2023, with expectations to exceed USD 4,813.6 million by 2033, growing at a compound annual growth rate (CAGR) of 5.5% over the forecast period. The market’s expansion is largely driven by rising industrialization in both emerging and established economies, …
Automotive Valve Spring Market Set to Grow as Demand for High-Performance and Fuel-Efficient Engines Increases | FMI Reports
The automotive valve spring market is anticipated to reach a valuation of USD 4,093.6 million in 2023, with projections to exceed USD 5,663.8 million by 2033, expanding at a compound annual growth rate (CAGR) of 3.3% during the forecast period. Market growth is driven by rapid industrialization across emerging and developed economies and a heightened …
Automotive Torque Rod Bush Market to Grow as Demand for Vehicle Stability and Comfort Drives Expansion | FMI Reports
The Automotive Torque Rod Bush market is estimated to be valued at USD 8 billion in 2023 and is projected to exceed USD 17 billion by 2033, growing at a compound annual growth rate (CAGR) of 7.2% over the forecast period. This market expansion is driven by rising vehicle production and the increasing adoption of …