The total valuation of the global electric two wheelers MRO market in 2023 is estimated to be around US$ 435.7 million which is projected to register a CAGR of 4.3% throughout 2033. Research on the global two wheelers MRO market further reveals that the overall valuation would reach US$ 1,414.9 Million by 2033. Given that transit facilities and preferences differ greatly …
Category Archives: Automotive Insights
Electric Passenger Car MRO Market to Skyrocket at 21.2% CAGR, Reaching US$ 28,317.3 Million by 2033
The global electric passenger car MRO market net worth was recorded to have reached US$ 3,402 million in 2022. As per the recently released report, the overall demand for electric passenger car MRO is anticipated to register a CAGR of 21.2% from 2023 to 2033. Furthermore, this research report on the electric passenger car MRO market estimates the overall valuation to …
Electric Utility Vehicles Market Set to Hit US$ 38,550.2 Million by 2033 with 15.4% CAGR Growth
The electric utility vehicles market is valued at US$ 9,203.8 million as of 2023. The market is expected to reach a valuation of US$ 38,550.2 Million by 2033 and is expected to grow at a CAGR of 15.4% during the period 2023-2033. There has been an increasing awareness regarding the impact of harmful emissions on the …
Non OEM EV MRO Market Predicted to Hit US$ 1,087.7 Million by 2033 with 10.2% CAGR
The overall size of the global non OEM EV MRO market reached US$ 372 million. The report predicts that the market would register a CAGR of 10.2% during the time period between 2023 and 2033. In the present year 2023, the non OEM EV MRO market is anticipated to generate US$ 411.8 million as per …
EV Lighting Market Set to Eclipse US$ 20,902 Million by 2033 with 21.7% Growth
The demand for EV lighting market will experience a CAGR of 21.7% from 2023 to 2033. If this growth rate continues, the total market valuation is expected to reach US$ 20,902 Million by 2033, a substantial increase from its estimated value of US$ 2,932.8 million in 2023. The demand for lighting systems in all vehicles …
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EV Thermal System Market Poised for 21.4% Growth, Hits US$ 15,600.9 Million by 2033
The overall valuation of the global EV thermal system market size is anticipated to be around US$ 2,243.7 million. As per the analysis report, the market is expected to register a CAGR of 21.4% to reach a valuation of US$ 15,600.9 Million by the conclusion of this forecast period. The main driver fueling the expansion …
Automotive NFC Market Surges with 30.2% CAGR, Hits US$ 35 Billion by 2032
The global automotive NFC market is anticipated to create an absolute dollar opportunity over the forecast period by displaying a CAGR of 30.2% from 2022 to 2032. The global market was valued at US$ 3.26 Billion in 2022 and is estimated to reach US$ 35 Billion by 2032. According to the historic analysis, the global automotive NFC …
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Vehicle Electrification Market Set to Surge with 10.3% CAGR by 2032, Valued at US$ 72 Billion
The global vehicle electrification market is projected to grow at a prolific CAGR of 10.3% during the forecast period of 2022-2032. The market was valued at US$ 72 Billion in 2021. Rising emphasis on environment-friendly alternatives for the automobile sector is driving the demand for vehicle electrification across the world. Increasing fuel prices coupled with a …
Car Security System Market is projected to reach US$ 40 billion by 2033
The global car security system market is anticipated to attain a valuation of US$ 13.5 billion in 2023 and is expected to reach US$ 40 billion by 2033, trailing a CAGR of 11.4% during the forecast period. The market demand is driven by the enforcement of strict vehicle security regulations by governments and the continuous …
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North America Underground Mining Vehicle Market Hits US$ 8,795.08 Million by 2033, Growing at 6% CAGR
The North America underground mining vehicle market is anticipated to attain a valuation of US$ 4,891.72 million in 2023 and is estimated to reach US$ 8,795.08 Million by 2033, trailing a CAGR of 6% during the forecast period. Rising investment in mining and industrialization, coupled with the adoption of artificial intelligence and machine learning technologies, is …