The global aircraft ailerons market is projected to reach USD 845.9 million by 2032, growing at an impressive CAGR of 13.8% from 2022 to 2032. Valued at USD 354.7 million in 2021, the market is expected to increase to USD 361.1 million in 2022. The introduction of fly-by-wire technologies is a significant driver for this …
Category Archives: Automotive Insights
Automotive Connecting Rod Bearing Market to Achieve USD 493.7 Million by 2032, with 12.8% CAGR Growth | FMI Reports
The global automotive connecting rod bearing market is expected to reach USD 189.2 million in 2022 and exhibit steady growth at a CAGR of 12.8% from 2022 to 2032. According to FMI, the market is anticipated to be valued at USD 493.7 million by 2032. The automotive connecting rod bearing, also known as the rod-end …
Automotive Park Brake Lever (Handbrake) Market Expected to Achieve USD 722.6 Million Valuation by 2032, Expanding at 10.1% CAGR | FMI Reports
The global automotive park brake lever (handbrake) market, currently valued at USD 480.2 million, is expected to reach USD 722.6 million by 2032, growing at an impressive CAGR of 10.1% from 2022 to 2032. Governments worldwide are promoting the development of electric vehicles, which is expected to drive the growth of the automotive park brake …
Automotive Vacuum Brake Booster Market to Reach USD 346.8 Million by 2032, with 7.4% CAGR Growth | FMI Reports
The global automotive vacuum brake booster market, currently valued at USD 289.1 million, is projected to reach USD 346.8 million by 2032, growing at a CAGR of 7.4% from 2022 to 2032. Automotive vacuum brake boosters are crucial components of vehicle safety systems, aiding in converting the force applied by the driver into the necessary …
Vehicle Electrification Market Anticipated to Expand at 10.3% CAGR through 2032 | FMI Reports
The global vehicle electrification market is expected to grow at an impressive compound annual growth rate (CAGR) of 10.3% from 2022 to 2032. Valued at USD 72 billion in 2021, the market is driven by a growing emphasis on eco-friendly alternatives in the automotive sector. Several factors contribute to the expansion of vehicle electrification, including …
Automotive Natural Gas Vehicle Market Forecast to Grow at 7% CAGR through 2032 | FMI Reports
The automotive natural gas vehicle (NGV) market, despite seeing sales growth in recent years, is still in its early stages. This market, encompassing vehicles that use either compressed natural gas (CNG) or liquefied natural gas (LNG) as fuel, is projected to grow at a compound annual growth rate (CAGR) of 7% from 2022 to 2032. …
Rapid Growth: Automotive Spacer Ring Market to Hit USD 853.2 Million by 2032, with a CAGR of 15.5% | FMI Reports
The global automotive spacer ring market is projected to surpass USD 853.2 million by 2032, creating a significant absolute dollar opportunity. Valued at USD 421.7 million in 2022, the market is anticipated to grow steadily at a CAGR of 15.8% over the forecast period from 2022 to 2032. Government investments in the automotive sector are …
Future Outlook: Turbofan Engines Market to Expand at 17.2% CAGR, Reaching USD 5.1 Billion by 2032 | FMI Reports
The turbofan engines market was valued at USD 1.05 billion in 2022 and experienced a 6.3% increase year-on-year. The market is projected to grow at a robust CAGR of 17.2% from 2022 to 2032, reaching an estimated USD 5.1 billion by the end of the forecast period. Demand for turbofan engines is expected to remain …
Sales of Used Bikes through Bike Marketplace Expected to Reach USD 68 Billion by 2032, with a CAGR of 4.6% | FMI Reports
The sales of used bikes through bike marketplaces are projected to experience steady growth, with an average Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. Increased awareness about bike marketplace sales is expected to drive substantial growth, leading to a significant rise in sales from USD 43 billion in 2022 to USD …
Surging Ahead: Electric Vehicle Sensor Market Expected to Reach USD 49,392.50 Million by 2034 at 16.5% CAGR | FMI Reports
The electric vehicle sensor market is poised to reach a valuation of USD 10,725.11 million by 2024. The increasing number of electric vehicles on the road signals a promising future for the EV sensor market. As the demand for sustainability grows, the electric vehicle sensor market is thriving alongside the expanding EV sector. The industry …