ASEAN Automotive Aftermarket The ASEAN automotive aftermarket is poised for significant growth, with projections estimating its value will reach USD 55.53 billion by 2033, driven by a robust CAGR of 8.5%. This growth reflects the expanding and dynamic automotive sector in the region, fueled by key factors such as rising vehicle ownership, technological advancements, and …
Category Archives: Automotive Insights
Global Golf Cart Market Expected to Reach USD 2.07 Billion by 2033, Growing at a 3.9% CAGR | FMI Reports
The golf cart market is poised for significant growth, with projections estimating a valuation of USD 2.07 billion by 2033, supported by a steady Compound Annual Growth Rate (CAGR) of 3.9%. This expansion is largely driven by the increasing popularity of golf as a recreational activity, as well as the rising use of golf carts …
Global Distillation Systems Market Set to Reach USD 7.6 Billion in 2023 with 7.9% CAGR Forecasted Through 2033
Global sales of distillation systems are projected to reach USD 7.6 billion in 2023, with a steady growth rate of 7.9% CAGR through 2033, ultimately reaching USD 16.3 billion by the end of the forecast period. By comparison, the market stood at USD 7 billion in 2022. Several key factors are driving the growth of …
Global Safety Actuators Market to Reach USD 1.8 Billion by 2033, Growing at a 9.1% CAGR
The global safety actuators market is projected to grow at a robust CAGR of 9.1% between 2023 and 2033, reaching an estimated value of USD 1.8 billion by the end of the forecast period. In 2023, the market is expected to be valued at over USD 772.9 million. This growth is driven by several key …
Global Sand Screens Market to Reach USD 945.4 Million by 2033, Growing at 5.4% CAGR: Future Market Insights
According to a report by Future Market Insights (FMI), the global sand screens market is expected to reach USD 560.6 million in 2023 and is projected to surpass USD 945.4 million by 2033, growing at a steady CAGR of 5.4% during the forecast period. Between 2018 and 2022, the market recorded a solid CAGR of …
Global Piezoelectric Ceramics Market to Reach USD 5.8 Billion by 2033, Growing at 6.5% CAGR
According to a report by Future Market Insights (FMI), the global piezoelectric ceramics market is expected to surpass USD 3.1 billion in 2023 and reach a valuation of USD 5.8 billion by 2033, growing at a CAGR of 6.5% during the forecast period. Piezoelectric ceramics are increasingly being used in applications requiring multifunctionality. For example, …
Global Flexible Pipes Market to Reach USD 2 Billion by 2033, Growing at 4.8% CAGR
According to Future Market Insights, the global flexible pipes market is projected to reach USD 2 billion by 2033, marking a significant increase from an estimated USD 1.3 billion in 2023, with a CAGR of 4.8%. The growing demand for flexible pipes is fueled by the ongoing pursuit of offshore oil and gas reserves. These …
Continue reading “Global Flexible Pipes Market to Reach USD 2 Billion by 2033, Growing at 4.8% CAGR”
Global Explosion Proof Equipment Market to Reach USD 10,160.5 Million by 2033, Growing at 3.4% CAGR
According to analysis by Future Market Insights (FMI), the global explosion proof equipment market is expected to grow at a moderate CAGR of 3.4% during the forecast period. The market size is projected to increase from USD 7,520.18 million in 2023 to USD 10,160.5 million by 2033. Explosion proof equipment is highly sought after by …
Powered Lawn Mower Market to Reach USD 2,323.8 Million by 2033, Driven by 4.5% CAGR
According to a report by Future Market Insights (FMI), manufacturers of powered lawn mowers are positioned to capitalize on significant revenue growth, with a projected CAGR of 4.5% during the forecast period. The overall powered lawn mower market is expected to generate over USD 2,323.8 million in sales by 2033, an increase from USD 1,496.3 …
Optical Measuring Systems Market Projected to Reach USD 8 Billion by 2033, Growing at a 5.9% CAGR
Forecasts indicate that the global optical measuring systems market is expected to reach approximately USD 4.5 billion by 2023, primarily driven by rising investments in research and development that are fostering innovation within the market. By 2033, the market is projected to achieve a substantial valuation of around USD 8.0 billion, reflecting an impressive Compound …