The global weigh in motion system market is poised for significant expansion, projected to reach a substantial value of USD 2.55 Billion by 2032. With a robust CAGR of 10.3%, the market is anticipated to witness substantial growth over the forecast period. This growth trajectory reflects the increasing demand for efficient weighing solutions across various industries, including transportation, logistics, and …
Category Archives: Automotive Insights
Automotive Wiring Harness Market Expected to Reach USD 119.31 Billion by 2033 with 8% CAGR Growth | FMI Reports
Automotive Wiring Harness Market By 2033, the global automotive wiring harness market is expected to reach USD 119.31 billion, up from an estimated USD 55.26 billion in 2023, reflecting a strong compound annual growth rate (CAGR) of 8%, according to Future Market Insight. This growth is primarily driven by the automotive industry’s shift towards vehicle …
FMI Study Affirms Global Two Wheeler Accessories Aftermarket Hits USD 45,608.96 Million by 2033, Eyes CAGR of 8.60%
The two wheeler accessories aftermarket is poised for substantial growth, with projections indicating a staggering value of USD 45,608.96 Million by the year 2033, accompanied by a robust CAGR of 8.60%. This flourishing sector encompasses a wide array of accessories tailored for motorcycles, scooters, and other two-wheeled vehicles, catering to the diverse needs and preferences of riders. The integration of …
FMI Analysis Predicts Global Skid Steer Loader Market Revenue to Reach USD 10.33 Billion Mark by 2033, Surging at a CAGR of 11.34%
The global skid steer loader market was valued at approximately USD 2.5 billion in 2022. This figure was projected to rise to USD 3.53 billion in 2023. According to Future Market Insights, the market is expected to grow at a robust CAGR of 11.34% from 2023 to 2033, reaching an estimated value of around USD 10.33 billion by 2033. However, several economic challenges could influence …
Global Automotive Connectivity Control Unit Market Revenue to Surpass USD 11.7 Billion Mark by 2032, Driven by 10.5% CAGR | FMI Study
As per the report published by FMI, the global automotive connectivity control unit market demand is projected to have a rapid-paced CAGR of 10.5% during the forecast period. The current valuation of the market is USD 4.32 Billion in 2022. The market value of automotive connectivity control units is anticipated to reach a high of USD 11.7 Billion …
FMI Study Predicts Global Marine Life Raft Market Size to Drive Past USD 1,699.68 Million Valuation by 2034, Growing Steadily at 4.4% CAGR
The marine life raft market is anticipated to reach USD 1,105.53 Million by 2024. The market is expected to reach USD 1,699.68 Million by 2034, growing at a CAGR of 4.40%. Life rafts are a crucial part of ship and boat safety equipment. The life raft provides a means for survival and rescue in an emergency, such as when a …
Global Folding E-Scooter Market Revenue Forecasted to Exceed USD 806.3 Million by 2032, Expanding Slowly at 2.6% CAGR | FMI Analysis
The folding e-scooter market is expected to grow at a CAGR of 2.6%, increasing from USD 626.8 million in 2022 to USD 806.3 million by 2032. While the COVID-19 pandemic initially impacted the broader automotive industry, leading to a slowdown in the folding e-scooter market, strict emission regulations by government agencies, such as greenhouse gas (GHG) emission standards, are now driving market …
Global Lane Departure Warning Market Size to Exceed USD 12.9 Billion by 2032, Surging at a Decent 9.7% CAGR | FMI Analysis
The global lane departure warning market is expected to grow at a CAGR of 9.7%, reaching USD 12.9 billion by 2032. All vehicles have sensors, and despite being well-equipped with mirrors, they have poor visibility, resulting in road accidents. As a result, all heavy-duty manufacturers are required to install LDW. This is expected to augment sales in the …
FMI Analysis States North America Underground Mining Vehicle Market Share to Surpass USD 8,795.08 Million by 2033, Growing at 6% CAGR
The North America underground mining vehicle market is projected to reach USD 4,891.72 million in 2023 and is expected to grow to USD 8,795.08 million by 2033, with a compound annual growth rate (CAGR) of 6% over the forecast period. This growth is driven by increasing investments in mining and industrialization, alongside the adoption of advanced technologies such as artificial intelligence (AI) and …
FMI Analysis Projects Global Automotive Tuner Market Share to Reach USD 12 Billion by 2033, Growing at a CAGR of 6.4%
The global automotive tuner market is anticipated to attain a valuation of USD 6.4 billion in 2023 and is projected to reach USD 12 billion by 2033, trailing a CAGR of 6.4% during the forecast period. The market is experiencing expansion due to the growing popularity of aftermarket automotive modifications. This trend is particularly prominent among young …