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 …
Category Archives: Automotive Insights
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 …
Off-Highway Electric Vehicle Market Poised for Growth as Demand for Sustainable and Efficient Heavy Equipment Surges | FMI Reports
The global off-highway electric vehicle market is projected to be valued at USD 2.24 billion in 2023. Sales in this market are expected to reach USD 8.36 billion by 2033, growing at a compound annual growth rate (CAGR) of 14.1% from 2023 to 2033. The Off-highway Electric Vehicle Market is on a robust growth trajectory …
Automotive HD RADAR Market Set for Rapid Expansion Driven by Advancements in Autonomous Driving and Safety Technologies | FMI Reports
The automotive HD/Imaging radar market is expected to grow at a robust CAGR of 23.61% from 2023 to 2033. With an estimated market value of USD 10.1 billion by the end of 2023, the market is projected to surpass USD 84.11 billion by 2033. The Automotive HD RADAR Market is witnessing impressive growth, driven by …
Airline A-la-Carte Services Market Set to Soar with Growing Demand for Customizable Flight Experiences | FMI Reports
The global airline A-la-carte services market is projected to be valued at USD 147.90 billion in 2023 and is expected to reach USD 646.86 billion by 2033. The market is anticipated to grow at a robust compound annual growth rate (CAGR) of 15.9% during the forecast period. The Airline A-la-Carte Services Market is experiencing robust …
EV Power Module Market Set for Significant Growth Driven by Advancements in Electric Vehicle Technology | FMI Reports
The global demand for EV power modules market is projected to reach approximately USD 1,955.4 million in 2023. According to FMI’s analysis report on the EV power module market, it is expected to grow at a strong compound annual growth rate (CAGR) of 24% during the forecast period. By the end of 2033, the market’s …
EV Lighting Market Illuminates Future of Electric Mobility with Innovative Solutions | FMI Reports
The EV lighting market is expected to experience significant growth, registering a compound annual growth rate (CAGR) of 21.7% during the forecast period, outperforming other automotive lighting systems. According to the market analysis report, the market value is projected to rise from approximately USD 2,932.8 million in 2023 to an impressive USD 20,902 million by …