Micro-mobility Charging Infrastructure Market The global micro-mobility charging infrastructures market was valued at USD 3.8 billion in 2021 and is expected to reach USD 36.6 billion by 2032, according to a recent survey by Future Market Insights (FMI). The market is projected to grow at a robust CAGR of 22.5%, with wired charging solutions leading …
Category Archives: Automotive Insights
Off-Road Motorcycles Market Projected to Reach USD 30,875.1 million by 2034, Growing at a 6.1% CAGR | FMI Reports
Off-Road Motorcycles Market The global Off-Road Motorcycle Market is projected to reach a valuation of USD 17,078.7 million in 2024 and is anticipated to grow at a CAGR of 6.1% over the forecast period, ultimately reaching USD 30,875.1 million by 2034. Off-road motorcycles, commonly referred to as dirt bikes, are equipped with reinforced suspensions and …
Electronic Power Steering (EPS) Market Expected to Reach USD 41.9 Billion by 2032, Driven by Safety Innovations and Demand for Fuel Efficiency | FMI Reports
Electronic Power Steering Market The global electronic power steering (EPS) market is forecasted to grow from an estimated USD 25.2 billion in 2022 to USD 41.9 billion by 2032, expanding at a steady CAGR of 5.2%. Key growth drivers include a strong focus on vehicle safety and the increasing popularity of advanced electronic, self-driving, and …
Automotive Brake System Market to Reach USD 29.6 Billion by 2033, Driven by Safety Innovation and Regulatory Standards | FMI Reports
Automotive Brake System Market The global automotive brake system market is on track for substantial growth, projected to expand from USD 6.2 billion in 2023 to USD 29.6 billion by 2033, representing an impressive CAGR of 16.9%. Automotive brake systems are essential to vehicle safety, offering critical stopping power and control that helps prevent accidents …
Global EV Charging Cable Market to Reach USD 16.99 Billion by 2034, Driven by Surging Demand for Electric Vehicles and Advanced Charging Solutions | FMI Reports
EV Charging Cable Market A new report by FMI forecasts significant growth in the EV charging cable market, projecting a rise from USD 2.28 billion in 2024 to a substantial USD 16.99 billion by 2034, driven by an impressive CAGR of 22.24%. The increased adoption of electric vehicles (EVs), supported by sustainability-focused government policies, is …
Decorative Car Accessories Market Set to Reach USD 443.9 Billion by 2033, Driven by Demand for Customization and Eco-Friendly Options | FMI Reports
Decorative Car Accessories Market The global decorative car accessories market, currently valued at around USD 252.6 billion in 2023, is forecasted to expand at a steady CAGR of 5.8%, reaching approximately USD 443.9 billion by 2033. This growth is fueled by an increasing desire for personalization and customization within the automotive sector, allowing car owners …
Child Safety Seats Market Projected to Reach USD 6,003.8 Million by 2033, Growing at a 7.4% CAGR, According to FMI Report
Child Safety Seats Market The child safety seats market is on a robust growth path, projected to reach around USD 6,003.8 million by 2033, driven by a steady CAGR of 7.4%. With growing awareness of child travel safety, demand for dependable and innovative child safety seats continues to surge. Parents and caregivers are increasingly prioritizing …
Global Construction Equipment Maintenance and Repair Market Expected to Reach USD 33.96 Billion by 2033 | FMI Reports
Construction Equipment Maintenance and Repair Market The global construction equipment maintenance and repair market is projected to grow at a CAGR of 4.1% in 2023, reaching approximately USD 22.72 billion. This growth trajectory is anticipated to continue, with the market forecast to hit USD 33.96 billion by 2033. The increase in this market is driven …
Variable Valve Timing (VVT) Actuator Market Projected to Reach USD 3,630 Million by 2032, Driven by Automation and Fuel Efficiency Demands
Forecasts indicate significant growth in the Variable Valve Timing (VVT) actuators market, with an expected value of USD 2,134.3 million in 2022, projected to rise to USD 3,630 million by 2032, reflecting a CAGR of 5.5% throughout the forecast period. VVT actuators are essential for adjusting valve timings, enabling functions such as advancing or delaying …
Global Sirens Market Projected to Reach USD 244.0 Million by 2032, Driven by Increasing Security Needs
The global sirens market is expected to achieve a valuation of USD 170.1 million in 2022 and is projected to grow to USD 244.0 million by 2032, reflecting a CAGR of 3.7%. Rising threats and accidents in developing economies have led to an increase in casualties and business losses, prompting a surge in the adoption …