Between 2023 and 2033, the demand for surface disinfectant products is projected to grow at a CAGR of 5.3%, with revenues expected to reach approximately USD 62.8 billion by the end of the forecast period. This growth is driven by the critical role surface disinfectants play in preventing the spread of infections across various …
Category Archives: Automotive Insights
Used Bike Marketplace Sales Expected to Reach USD 68 Billion by 2032, Growing at a 4.6% CAGR | FMI Insights
The sales of used bikes through bike marketplaces are expected to witness steady growth, with an average Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. This growth is driven by increasing awareness of bike marketplace platforms, leading to a significant rise in sales from USD 43 billion in 2022 to USD 68 billion by …
Waterproof E-Scooter Industry Anticipated to Reach USD 8.3 Billion by 2032, Expanding at a 5% CAGR | FMI Insights
The waterproof e-scooter industry is projected to grow at a 5% CAGR, with its value rising from USD 5.1 billion in 2022 to USD 8.3 billion in the coming years. According to FMI research, over 71% of e-scooter models now have water resistance features, up from just 40% in 2021, leading to a boost in sales. This …
Electric Vehicle Sensor Industry Set to Reach USD 49,392.50 Million by 2034, Expanding at an Impressive 16.5% CAGR | FMI Insights
The electric vehicle sensor industry is expected to reach a valuation of USD 10,725.11 million by 2024, with its growth closely tied to the increasing number of electric vehicles (EVs) on the road. As sustainability gains momentum, the EV sensor market is thriving alongside the growing electric vehicle sector. The industry is projected to grow at a …
Three-Wheel E-Scooter Industry Expected to Reach USD 1,361.4 Million by 2034, Growing at a 2.4% CAGR | FMI Insights
The global three-wheel e-scooter industry is expected to reach USD 1,074 million by 2024 and grow at a CAGR of 2.4%, reaching around USD 1,361.4 million by 2034. Three-wheel e-scooters are gaining popularity worldwide due to their user-friendly design and added stability from the extra wheel compared to traditional two-wheel models. These scooters offer greater balance, making …
Used E-Scooter Industry Projected to Reach USD 979.5 Million by 2034, Growing at a 3.2% CAGR | FMI Insights
According to a study by FMI, the used e-scooter industry was valued at USD 714.8 million in 2024 and is projected to grow to USD 979.5 million by 2034, with a compound annual growth rate (CAGR) of 3.2%. The shift towards electric vehicles, driven by environmental concerns, technological advancements, and cost-effective fuel solutions, is boosting sales of used e-scooters in new regions. …
Global Automotive Sunroof Industry Poised to Reach USD 22,780.9 Million by 2034, Growing at a Robust CAGR of 11%, Reveals FMI Analysis
Automotive Sunroof Industry The automotive sunroof industry is projected to reach USD 7,920.1 million in 2024, with an estimated CAGR of 11% during the forecast period. By 2034, the market value is expected to grow to USD 22,780.9 million. In recent years, the car sunroof sector has seen substantial growth and innovation. Rising consumer demand for an …
Tire Pressure Monitoring System Industry Projected to Hit USD 6.34 Billion by 2034, Expanding at a CAGR of 6.2%, Reports FMI
Tire Pressure Monitoring System Industry The tire pressure monitoring system (TPMS) industry is expected to grow at a CAGR of 6.2% from 2024 to 2034, with its market value increasing from USD 3.47 billion in 2024 to USD 6.34 billion by 2034. This strong growth is driven by stricter safety regulations and rising consumer awareness about the …
Global Automotive Actuator Industry Expected to Reach USD 28.7 Billion by 2034, Driven by a Strong CAGR of 6.9%, Reports FMI
Automotive Actuator Industry The global automotive actuator industry was valued at USD 14.2 billion in 2023, with demand expected to grow at a CAGR of 6.9% from 2024 to 2034. The market value is projected to rise from USD 15.1 billion in 2024 to USD 28.7 billion by 2034. Actuators play a crucial, though often overlooked, role …
Park Assist System Industry Anticipated to Hit USD 2.2 Billion by 2032, Expanding at a CAGR of 14.3%, Reports FMI
Park Assist System Industry The global park assist system industry is expected to be valued at USD 595.6 million in 2022, with demand anticipated to grow at a CAGR of 14.3%, reaching USD 2.2 billion by 2032. Known as advanced parking guidance systems, these solutions enhance parking accuracy through the use of advanced radar and ultrasonic technologies. …