The two-wheeler aftermarket components and consumables market is set for substantial growth, with a projected compound annual growth rate (CAGR) of 7%, reaching a market value of USD 58 billion by 2033. This significant expansion is fueled by the increasing use of two-wheelers, particularly in urban areas where motorcycles and scooters are favored for their …
Category Archives: Automotive Insights
Steady Expansion: North America Underground Mining Vehicle Market to Hit USD 8,795.08 Million by 2033, with a CAGR of 6% | FMI Reports
The North American 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 …
Steady Growth Forecast: Automotive Body in White Market to Register USD 89.4 Billion by 2033, with a CAGR of 3.5% | FMI Reports
The global automotive body-in-white (BIW) market is currently valued at USD 63.5 billion and is projected to grow to USD 89.4 billion by 2033, with a compound annual growth rate (CAGR) of 3.5% from 2023 to 2033. The market growth is driven by industrialization, globalization, and expanded supply chains, which are strengthening the transportation and …
Robust Growth Ahead: Cargo Bike Market to Hit USD 4.2 Billion by 2033, with a CAGR of 11.6% | FMI Reports
The global cargo bike market is projected to reach USD 2.1 billion in 2023 and is expected to grow to USD 4.2 billion by 2033, with a compound annual growth rate (CAGR) of 11.6% throughout the forecast period. In the United States, demand for cargo bikes is anticipated to rise at a CAGR of 9.5% …
Two-Wheeler Suspension System Market Set to Achieve USD 2.61 Billion by 2033, with a CAGR of 4.9% | FMI Reports
The two-wheeler suspension system market is expected to grow at a CAGR of 4.9% from 2023 to 2033, with the market value projected to increase from USD 1.65 billion in 2023 to USD 2.61 billion by 2033. The market’s growth is driven by rising traffic, a growing vehicle population, and technological advancements. Additionally, emerging economies …
Automotive Wheel Bearing Aftermarket Forecasted to Hit USD 2,147.80 Million by 2033, with a CAGR of 4% | FMI Reports
The automotive wheel bearing aftermarket is projected to be valued at USD 1,446.20 million in 2023 and is expected to grow to USD 2,147.80 million by 2033, registering a growth rate of 4% between 2023 and 2033. The primary driver of this growth is the increasing sales and production of automotive vehicles, coupled with overall …
Railway Bearing Market Projected to Achieve USD 3.12 Billion by 2033 with 9.00% CAGR Momentum | FMI Reports
The railway bearing market is poised for substantial growth, with projections indicating a significant increase to USD 3.12 billion by 2033, driven by a robust CAGR of 9.00%. Railway bearings are essential for ensuring smooth operations and safety within the rail industry, reducing friction between moving parts to support train movement. The growing investments in …
Automotive Glass Market Projected to Hit USD 5.70 Billion by 2033 with Steady 4% CAGR | FMI Reports
The automotive glass market is expected to achieve a valuation of USD 3.85 billion in 2023 and is projected to grow to USD 5.70 billion by 2033, with a CAGR of 4% during the forecast period. The prices of raw materials used in automotive glass production, such as silica, soda ash, and limestone, are highly …
Bicycle Chain Market Anticipated to Surpass USD 12,802.54 Million by 2034, with a CAGR of 5.13% | FMI Reports
The global bicycle chain market is projected to reach USD 12,802.54 million by 2034, up from USD 7,763.89 million in 2024, reflecting a steady CAGR of 5.13% throughout this period. The rising focus on health and fitness has increased the popularity of cycling as an effective form of exercise. Cycling has long been a popular …
Automotive Exterior Trim Parts Market Projected to Reach USD 62.9 Billion by 2033, with a CAGR of 4.0% | FMI Reports
In 2022, the global automotive exterior trim parts market was valued at USD 21.03 billion and is projected to reach USD 42.5 billion in 2023. Future Market Insights estimates that the market will grow at a CAGR of 4.0% from 2023 to 2033, reaching approximately USD 62.9 billion by 2033. The growing trend of vehicle …