According to a report by Future Market Insights (FMI), the global automotive plastic interior trims market is expected to grow at a moderate CAGR of 6% to 8% during the forecast period. Valued at USD 26 billion in 2022, the market is projected to reach USD 44 billion by 2032. The growth in automotive plastic …
Category Archives: Automotive Insights
Automotive Smart Antennas Market Projected to Hit USD 15,754.6 Million by 2033, with a CAGR of 9.1% | FMI Reports
The global automotive smart antenna market is forecasted to grow significantly, rising from USD 6,643.2 million in 2023 to USD 15,754.6 million by 2033, 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 2033. The surge in …
Automotive Connectivity Control Unit Market Set to Surge with 10.5% CAGR, Reaching USD 11.7 Billion by 2032 | FMI Reports
According to the report published by Future Market Insights (FMI), the global automotive connectivity control unit market is expected to experience robust growth, with a projected CAGR of 10.5% over the forecast period. Valued at USD 4.32 billion in 2022, the market is anticipated to reach approximately USD 11.7 billion by 2032. The rising demand …
Global E-Rickshaws Market Growth Rate Forecasted at 31.8% CAGR, Targeting USD 38,360.8 Million by 2034 | FMI Reports
The projected for global e-rickshaws market size is expected to reach USD 2425.1 million by 2024 and is predicted to grow at a CAGR of 31.8% from 2024 to 2034. It is estimated that the worldwide sales of e-rickshaws will total USD 38360.8 million by 2034, driven by increasing demand for sustainable transportation solutions. The e-rickshaw market is anticipated to …
Ambulance Power Inverter Market Projected to Exceed USD 112.17 Billion by 2032, Growing at a 5.5% CAGR | FMI Reports
The ambulance power inverter market is poised for substantial growth, with projections indicating it will exceed USD 112.17 billion by 2032. This growth is expected at a steady CAGR of 5.5%, driven by the rising demand for advanced medical equipment and reliable power sources in emergency vehicles. Ambulance power inverters are essential for ensuring that …
Trailer Surge Brake Market Growth: 3% CAGR Expected to Drive Valuation to USD 8 Billion by 2032 | FMI Reports
The trailer surge brake market is poised for significant growth, with a projected CAGR of 3% and an anticipated valuation of USD 8 billion by 2032. This growth is fueled by rising demand for enhanced towing safety and efficiency as both consumers and businesses seek reliable braking solutions for trailers. Technological advancements are further driving …
Automotive Suspension System Market Projected to Hit USD 100,875.9 Million by 2033 with a Steady CAGR of 4.5% | FMI Reports
The automotive suspension system market is projected to exceed USD 64,956.8 million in 2023 and is expected to reach USD 100,875.9 million by 2033, reflecting a CAGR of 4.5% over the period. The evolution of suspension systems is marked by advancements such as multi-link rear suspensions, which enhance vehicle handling, stability, and ride comfort, especially …
Global Steel Drums & IBCs Market to Reach US$ 21,735.2 Million by 2033, Driven by Sustainability and Customization Trends
The global steel drums and Intermediate Bulk Containers (IBCs) market is poised for significant growth, with a market valuation expected to increase from US$ 13,995.9 million in 2023 to US$ 21,735.2 million by 2033, reflecting a compound annual growth rate (CAGR) of 4.5% over the forecast period. This expansion is driven by emerging trends in …
Global Molded Wood Pallets Market Poised for Strong Growth, Expected to Reach US$ 4.66 Billion by 2033
The global molded wood pallets market is projected to experience robust growth in the coming years, with revenues anticipated to increase by 2.0% year over year in 2023. According to a new forecast by Future Market Insights (FMI), the market is set to grow from US$ 2.70 billion in 2023 to an impressive US$ 4.66 …
Aluminum Extrusion Market to Reach US$ 195.48 Billion by 2033, Driven by Construction and Automotive Sectors
Aluminum Extrusion Market The global aluminum extrusion market is poised for significant growth, with market valuation expected to increase from US$ 126.67 billion in 2023 to US$ 195.48 billion by 2033, reflecting a compound annual growth rate (CAGR) of 4.6% from 2023 to 2033. This expansion is driven by rising demand across various industries, …