Future Market Insights study indicates that the global automotive stamping market will grow from USD 11,014.5 million in 2023 to USD 18,460.7 million by 2033. The industry is expected to grow at a CAGR of 5.3% from 2023 to 2033. Asia-Pacific is currently leading the automotive metal stamping industry, driven by a surge in vehicle production and the rapid expansion of …
Category Archives: Automotive Insights
Global Automotive Engineering Services Market Valuation Predicted to Cross USD 3.2 Billion by 2033, Growing at 7.17% CAGR | FMI Study
The global automotive engineering services market in 2022 was USD 1.46 Billion and is estimated to be USD 1.6 Billion in 2023. According to FMI, reports mentioned that the automotive engineering services market will expand at a CAGR of 7.17% between 2023 and 2033, totaling around USD 3.2 Billion by 2033. The Automotive Engineering Services Market is …
Global Bicycle Market Revenue Share Expected to Drive Past USD 6,229.4 Million by 2033, Growing at an Impressive 8.92% CAGR | FMI Study
The bicycle market is set for impressive growth, with projections indicating an 8.92% CAGR through to 2033. This steady increase suggests that the market will reach a substantial valuation of USD 6,229.4 Million. Factors driving this expansion include rising health consciousness, environmental concerns, and the increasing popularity of cycling as a sustainable mode of transportation. Innovations in e-bikes and government …
FMI Study States Global Electric Vehicle Motor Market Size to Reach USD 571,809.04 Million by 2034, Forecasting a 21% CAGR Growth
The global electric vehicle (EV) motor market is poised for substantial growth, projected to expand at an impressive CAGR of 21% from 2024 to 2034. Revenue from the EV motor sector is expected to rise from USD 84,995.77 million in 2024 to USD 571,809.04 million by 2034. Currently, the electric vehicle motor market holds a 14.3% share of the total electric vehicles market, which includes …
Global Automotive Plastic Interior Trims Market Size Estimated to Cross USD 44 Billion by 2032, Expected to Grow at 6% to 8% CAGR
As per the report published by FMI, the global automotive plastic interior trims market is projected to have a moderate-paced CAGR varying between 6%-8% during the forecast period. The current valuation of the market is USD 26 Billion in 2022. The market value of automotive plastic interior trims is anticipated to reach a high of USD 44 …
FMI Study States Global Automotive Smart Antenna Market Size Expected to Reach USD 17,316.1 Million by 2034, Growing at a 9.1% CAGR| FMI Reports
The global automotive smart antenna market is forecasted to grow significantly, rising from USD 7,247.7 million in 2024 to USD 17,316.1 million by 2034, with a robust CAGR of 9.1% during this period. The increasing demand for smart antennas across various automobile sectors is expected to continue driving this growth through 2034. The surge in demand for reliable vehicle communication and …
Global E-Rickshaw Market Size Anticipated to Surge Past USD 38360.8 Million Valuation by 2034, Growing at 31.8% CAGR | FMI Study
The global E-Rickshaw market is estimated to be worth of USD 2,425.1 million as of 2024 and is expected to reach USD 38,360.8 million by the year 2034 at a smashing CAGR of 31.8% between 2024 and 2034. E-rickshaws are at a lower risk of mishaps in comparison with cycle rickshaws and traditional rickshaws; as fuel or peddling is not …
Ship Repair and Maintenance Service Market Forecasted to Reach USD 53,375.69 Million by 2034, Expanding at a 6.6% CAGR | FMI Reports
Ship Repair and Maintenance Service Market The ship repair and maintenance service market is anticipated to reach a valuation of USD 28,169.45 million in 2024, with expectations of growing to USD 53,375.69 million by 2034, driven by a steady Compound Annual Growth Rate (CAGR) of 6.6% over the forecast period. The expansion of the manufacturing …
Automotive Turbocharger Market Expected to Reach USD 41.5 Billion by 2033, with a CAGR of 9.6% | FMI Reports
Automotive Turbocharger Market The global automotive turbocharger market is projected to reach USD 16.6 billion in 2023, with expectations to expand to USD 41.5 billion by 2033, driven by a robust Compound Annual Growth Rate (CAGR) of 9.6% over the forecast period. Turbochargers are essential for enhancing engine efficiency by compressing intake air, which improves …
Automotive Composites Market Set to Reach USD 26.1 Billion by 2033, Driven by a Strong CAGR of 12.1% | FMI Reports
Automotive Composites Market The automotive composites market is projected to reach a valuation of USD 8.3 billion in 2023, according to Future Market Insights. Over the next decade, the market is expected to grow at a compound annual growth rate (CAGR) of 12.1%, potentially reaching USD 26.1 billion by 2033. The market remains highly competitive, …