The global automotive tuner industry is projected to grow from USD 6.4 billion in 2023 to USD 12 billion by 2033, with a compound annual growth rate (CAGR) of 6.4% over the forecast period. This expansion is driven by the rising popularity of aftermarket automotive modifications, particularly among young adults and Generation Y consumers, who are eager to personalize and customize their vehicles …
Category Archives: Automotive Insights
Automotive Wheel Bearing Aftermarket is Projected to Reach USD 2,147.80 million by 2033, Growing at a CAGR of 4%, according to FMI Reports
Automotive Wheel Bearing Aftermarket The automotive wheel bearing aftermarket is projected to be valued at USD 1,446.20 million in 2023 and is expected to grow to USD 2,147.80 million by 2033, registering a growth rate of 4% between 2023 and 2033. The primary driver of this growth is the increasing sales and production of automotive vehicles, coupled with overall expansion in the automotive …
Railway Bearing Industry is Expected to Reach USD 3.12 Billion by 2033, Driven by a Strong CAGR of 9.00%, according to FMI Reports
Railway Bearing Industry The railway bearing industry is poised for substantial growth, with projections indicating a significant increase to USD 3.12 billion by 2033, driven by a robust CAGR of 9.00%. Railway bearings are essential for ensuring smooth operations and safety within the rail industry, reducing friction between moving parts to support train movement. The growing investments in railway infrastructure …
Automotive Glass Industry is Forecasted to reach USD 34,521.1 Million by 2034, Maintaining a Steady CAGR of 5.7%, according to FMI Reports
Automotive Glass Industry The automotive glass industry is expected to achieve a valuation of USD 19,674.3 million for 2024 and is projected to grow to USD 34,521.1 million by 2034, with a CAGR of 5.7% during the forecast period. The prices of raw materials used in automotive glass production, such as silica, soda ash, and limestone, are …
Bicycle Chain Industry is Expected to Exceed USD 12,802.54 million by 2034, Growing at a CAGR of 5.13%, according to FMI Reports
Bicycle Chain Industry The global bicycle chain industry is projected to reach USD 12,802.54 million by 2034, up from USD 7,763.89 million in 2024, reflecting a steady CAGR of 5.13% throughout this period. The rising focus on health and fitness has increased the popularity of cycling as an effective form of exercise. Cycling has long been a popular exercise, but recent factors such …
Automotive Exterior Trim Parts Industry is Anticipated to Reach USD 62.9 billion by 2033, Registering a CAGR of 4.0%, according to FMI Reports
Automotive Exterior Trim Parts Industry In 2022, the global automotive exterior trim parts industry was valued at USD 21.03 billion and is projected to reach USD 42.5 billion in 2023. Future Market Insights estimates that the market will grow at a CAGR of 4.0% from 2023 to 2033, reaching approximately USD 62.9 billion by 2033. The growing trend of vehicle customization and personalization is driving …
Aircraft Tube and Duct Assemblies Industry Anticipated to Surpass USD 6,229.4 Million by 2033, Expanding at a CAGR of 8.92% – FMI Reports
Aircraft Tube and Duct Assemblies Industry In 2022, the global aircraft tube and duct assemblies industry was valued at USD 1,300 million and is projected to reach USD 2,650.23 million in 2023. According to Future Market Insights, the market is expected to grow at a compound annual growth rate (CAGR) of 8.92% from 2023 to 2033, ultimately …
Mechanical Performance Tuning Components Industry Forecast to Reach USD 300 Billion by 2033, Registering a CAGR of 3.8% – FMI Reports
Mechanical Performance Tuning Components Industry The mechanical performance tuning components industry is projected to be valued at USD 205.88 billion in 2023, with expectations to reach USD 300 billion by 2033. This represents a compound annual growth rate (CAGR) of 3.8% during the forecast period from 2023 to 2033. Lucrative Opportunities in Europe The demand for mechanical …
Motorcycle Lead Acid Battery Industry Projected to Hit USD 9.1 Billion by 2033, Growing at a CAGR of 5.2% – FMI Reports
Motorcycle Lead Acid Battery Industry The motorcycle lead acid battery industry is poised for substantial growth, projected to reach USD 9.1 billion by 2033. This market is expected to expand at a steady compound annual growth rate (CAGR) of 5.2% over the next decade, driven by the increasing global demand for motorcycles, advancements in battery technology, and …
Automotive Hardware Industry Anticipated to Reach USD 123,826.91 Million by 2033, Expanding at a CAGR of 4.3% – FMI Reports
Automotive Hardware Industry The global automotive hardware industry is valued at USD 81,277.80 million in 2023, with sales projected to grow at a compound annual growth rate (CAGR) of 4.3% from 2023 to 2033, reaching an estimated value of USD 123,826.91 million by 2033. Automotive Hardware Industry Analysis and Emerging Trends Ongoing technological advancements, such as the …