Golf Cart Market The golf cart market is poised for significant growth, with projections indicating a valuation of USD 2.07 billion by 2033, driven by a steady Compound Annual Growth Rate (CAGR) of 3.9%. This growth is largely attributed to the increasing popularity of golf as a recreational activity and the expanding use of golf …
Category Archives: Automotive Insights
Off-Highway Vehicle Telematics Market Expected to Hit USD 2.2 Billion by 2033, Growing at a 16% CAGR | FMI Reports
Off-Highway Vehicle (OHV) Telematics Market The off-highway vehicle (OHV) telematics market is expected to expand from USD 488.3 million in 2023 to USD 2,154.3 million by 2033, reflecting a robust compound annual growth rate (CAGR) of 16% over the forecast period. The outlook for the OHV telematics market is highly favorable, driven largely by the …
Automotive Pump Market Expected to Surpass USD 118 Billion by 2033, Growing at a 6.2% CAGR | FMI Reports
Automotive Pump Market According to Future Market Insights, the global automotive pump market is expected to reach a valuation of USD 64.57 billion in 2023 and grow to USD 118 billion by 2033, with a compound annual growth rate (CAGR) of 6.2% over the forecast period from 2023 to 2033. This growth is driven by …
FMI Study States Global Automotive Wiper Blades Market Size Expected to Reach USD 8,788.3 Million by 2033, Growing at 5.9% CAGR
The global automotive wiper blades market is projected to reach a valuation of USD 4,953.9 million in 2023 and is expected to grow to USD 8,788.3 million by 2033, with a significant CAGR of 5.9% during the forecast period. Automotive wiper blades play a critical role in ensuring driver visibility, especially during challenging weather conditions. These essential components are designed to remove rain, …
Global Mobile Car Wash & Detailing Market Revenue Share to Exceed USD 251.583 Billion Mark by 2033, Expanding at a Decent 9% CAGR
The global mobile car wash & detailing market is revving up for a remarkable journey, projected to soar to a staggering USD 251.583 Billion by 2033, boasting a robust CAGR of 9% from 2023 to 2033. This impressive growth trajectory highlights the increasing demand for convenient and professional car cleaning services that come directly to the customer’s doorstep. With …
FMI Analysis States Global Automotive ECU Market Valuation to Reach USD 22.8 Billion Milestone by 2033, Growing Steadily at 4.7% CAGR
The global automotive ECU market is projected to grow at a CAGR of 4.7% over the forecast period, reaching a market value of USD 22.8 billion by 2033, up from USD 14.4 billion in 2023. The rising demand for automotive ECUs is driven by stricter safety regulations, increased sales of passenger vehicles, and growing per capita income. The expansion of the automotive industry …
Global Automotive Wheel Rims Market Valuation Estimated to Surpass USD 82.83 Billion by 2033, Growing at a CAGR of 6.01% | FMI Reports
The global automotive wheel rims market was valued at USD 44.5 billion and was expected to reach USD 46.2 billion in 2023. According to Future Market Insights, the market is projected to grow at a CAGR of 6.01% between 2023 and 2033, reaching approximately USD 82.83 billion by 2033. Wheel rims, which are the outer edges of a wheel, are crucial for securely holding the …
Global Green Tire Market Revenue Anticipated to Surge Past USD 85.79 Billion Milestone by 2033, Growing at an Impressive 9.8% CAGR
The green tire market is projected to generate revenue of USD 85.79 billion by 2033, up from USD 33.68 billion in 2023, reflecting a robust CAGR of 9.8% from 2023 to 2033. The growth of the green tire industry is driven by increasing environmental awareness, stringent government regulations on carbon emissions, and the rising demand for fuel-efficient vehicles. Consumers are increasingly opting for …
FMI Study Projects Global Aerospace Fasteners Market Valuation to Exceed USD 16,493.4 Million by 2034, Growing at 6.4% CAGR
The global aerospace fasteners market is projected to reach USD 8,869.4 million in 2024. By 2034, the aerospace fasteners market is projected to be worth USD 16,493.4 million. According to research conducted by Future Market Insights, the aerospace fasteners market has historically grown at a CAGR of 6.4%. As airlines seek to reduce their carbon footprint, they …
FMI Analysis Affirms Global Autonomous Vehicles Market Share to Surpass USD 70,331.5 Million by 2033, Growing at 8.7% CAGR
The autonomous vehicles market was expected to be worth USD 30,539.0 million in 2023. The revenue from sales of autonomous vehicles is anticipated to reach around USD 70,331.5 million by 2033, growing at a CAGR of 8.7% between 2023 and 2033. A diverse range of drivers is propelling the rapid growth of the autonomous vehicles industry. One …