The global electric commercial vehicle maintenance, repair, and overhaul (MRO) market is projected to generate approximately USD 638.7 million in revenue in the fiscal year 2023. Newly published estimates indicate that the demand for MRO services for electric commercial vehicles is expected to grow significantly at a rate of 23.8% during the forecast period. Furthermore, …
Category Archives: Automotive Insights
Railway Interior Lighting Market Set for Growth as Focus on Passenger Comfort and Energy Efficiency Increases | FMI Reports
The railway interior lighting market was valued at approximately USD 263.1 million in 2023 and is projected to grow to around USD 364.1 million by 2033, reflecting a compound annual growth rate (CAGR) of 3.30% during the forecast period. The Railway Interior Lighting Market is poised for significant growth as rail operators and manufacturers prioritize …
Electric Passenger Car MRO Market Expected to Surge as Electric Vehicle Adoption Increases | FMI Reports
The electric passenger car maintenance, repair, and overhaul (MRO) services market was valued at approximately USD 3,402 million in 2022. The industry is projected to experience remarkable growth, with an anticipated compound annual growth rate (CAGR) of 21.2% during the forecast period. By 2033, the market share is expected to expand significantly, reaching nearly USD …
EV Tires Market Set for Rapid Growth Driven by Electric Vehicle Adoption and Innovation in Tire Technology | FMI Reports
The global electric vehicle (EV) tire market is projected to reach an estimated valuation of approximately USD 9,444.1 million in 2023. A recent market survey indicates that the demand for EV tires is expected to increase by 26.6% from 2023 to 2033. Furthermore, analysis of the EV tire market suggests that this figure could surge …
Railway Traction Motor Market: Powering the Future of Rail Transport | FMI Reports
The global railway traction motor market is projected to achieve a valuation of USD 54,554 million by 2033, growing at a steady CAGR of 4.5%. Key factors driving the growth of this industry include: The railway traction motor market is poised for significant growth as the global demand for efficient and sustainable rail systems continues …
Railway Engine Market on the Rise: Driving Efficiency and Innovation in Rail Transportation | FMI Reports
The railway engine market is projected to grow at an average CAGR of 4.8% during the forecast period. The market is valued at USD 25.6 billion in 2023 and is expected to generate revenue of USD 41.06 billion by 2033. The global railway engine market is undergoing a transformative phase, propelled by advancements in technology …
Railway Radiator Market Set for Growth as Demand for Efficient Thermal Management Solutions Increases | FMI Reports
The railway radiator market is anticipated to grow at a modest CAGR of 4.3% from 2023 to 2033. The market’s valuation is expected to rise from approximately USD 5,757.20 million in 2023 to around USD 882.7 million by 2033. The global railway radiator market is witnessing a significant upward trend, driven by the increasing need …
Rail Wheel and Axle Market Set for Robust Growth Amid Rising Demand for Rail Transportation | FMI Reports
The global rail wheel and axle market is anticipated to grow steadily, with a CAGR of 5.6% during the forecast period. At its current growth trajectory, the market is expected to reach a valuation of approximately USD 4,402.3 million by 2023. By 2033, the demand for rail wheels and axles is projected to increase significantly, …
Locomotive Drive Shaft Market Poised for Growth Amid Rising Demand for Efficient Rail Systems | FMI Reports
The global locomotive drive shaft market is projected to have a valuation of USD 361 million in 2023, with expectations to grow to USD 605 million by 2033. The global locomotive drive shaft market is on the cusp of substantial growth, driven by increasing demand for efficient and reliable rail systems. As the railway industry …
Railway Window Market to Experience Significant Growth as Demand for Enhanced Passenger Comfort and Durability Rises | FMI Reports
The global railway window market is currently valued at approximately USD 426.1 million in 2023. Demand for railway windows is expected to grow at a steady CAGR of 4.4% over the forecast period, with market valuation anticipated to reach around USD 655.4 million by 2033. The global railway window market is projected to witness substantial …