According to Future Market Insights, the Automotive Fuel Gauge market was valued at USD 4,941.8 million in 2018. Demand for automotive fuel gauges saw a growth of 2.1% in 2022 and is estimated to reach USD 3,728.1 million in 2023. Over the forecast period from 2023 to 2033, global demand is projected to grow at …
Category Archives: Automotive Insights
Rising Demand for Reliable and High-Performance Components Drives Growth in the Automotive Disc Coupling Market | FMI Reports
According to a comprehensive report on the Automotive Disc Coupling market by Future Market Insights, global sales reached USD 1,100 million in 2018. Year-over-year growth was recorded at 5% in 2022, with revenue anticipated to reach USD 1,401 million in 2023. The global Automotive Disc Coupling market is projected to reach USD 2,704.8 million by …
Surge in Vehicle Production and Consumer Demand for Convenience Boosts Growth of Automotive Boot Release Cables Market | FMI Reports
By the end of 2023, sales of automotive boot release cables are expected to reach USD 492.7 million. Looking ahead, the market is projected to exceed USD 708.5 million by 2033, reflecting a CAGR of 3.7% from 2023 to 2033. Demand growth is anticipated to align with rising automotive sales and the frequency of aftermarket …
Rising Demand for Safety and Efficiency Drives Growth in the Transportation and Security System Market | FMI Reports
The global transportation and security system market is projected to achieve a valuation of USD 17.8 billion in 2023 and is anticipated to expand to USD 41.1 billion by 2033, registering a CAGR of 8.8% throughout the forecast period. The global transportation and security system market is experiencing robust growth as the need for enhanced …
Automotive E-compressor Market Set for Substantial Growth Amid Rising Demand for Electric and Hybrid Vehicles | FMI Reports
The global automotive e-compressor market is projected to generate revenue of USD 1,730.7 million in 2023. With an anticipated CAGR of 11.3%, the market is expected to grow, reaching a valuation of USD 5,048.5 million by 2033. The global automotive E-compressor market is poised for strong growth over the forecast period as electric and hybrid …
Europe Automotive Tire Market Set for Strong Growth Amid Rising Demand for Sustainable and High-Performance Tires | FMI Reports
The European automotive tire market is projected to reach a valuation of USD 68.4 billion in 2023. Over the next decade, from 2023 to 2033, tire sales across Europe are expected to grow at a CAGR of approximately 4.8%, pushing the market valuation beyond USD 108.7 billion by 2033. The Europe automotive tire market is …
Smart Motors Market Set for Significant Expansion as Industry Shifts Toward Automation and Energy Efficiency | FMI Reports
The global smart motors market reached a valuation of USD 1.9 billion in 2023 and is projected to grow at a steady CAGR of 5.2% from 2023 to 2033. By the end of 2033, the market is expected to reach a significant value of USD 3.2 billion. The global smart motors market is poised for …
Automotive Wheel Hub Bearing Aftermarket Poised for Growth with Rising Demand for Durable, High-Performance Wheel Components | FMI Reports
The global automotive wheel hub bearing aftermarket reached a valuation of USD 1,065.5 million in 2023. Over the forecast period from 2023 to 2033, aftermarket sales of automotive wheel hub bearings are projected to grow at a CAGR of 5.0%, with the total market value expected to increase from USD 1,114.2 million in 2023 to …
Global Automotive Door Latch and Hinges Market Anticipated to Grow with Rising Demand for Enhanced Vehicle Safety and Design | FMI Reports
The global automotive door latch and hinges market recorded a revenue of USD 33.9 billion in 2022, reflecting a year-on-year growth rate of 4.7%. From 2023 to 2033, demand in this market is projected to grow at a steady CAGR of 5.4%, with the market size expected to expand from USD 35.6 billion in 2023 …
Excavators Market Set for Expansion as Demand for Construction and Mining Equipment Rises Globally | FMI Reports
The global excavators market is expected to experience significant growth, with a projected compound annual growth rate (CAGR) of 5.2% from 2023 to 2033. According to FMI’s research report, the market is set to reach a valuation of USD 74.27 billion in 2023 and is anticipated to grow to USD 123.30 billion by 2033. The …