According to Future Market Insights (FMI), the global X-by-Wire market is poised for significant growth, projected to expand at a robust CAGR of 16.0% from 2022 to 2027. Starting at USD 38,958.8 million in 2022, the market is expected to reach USD 81,993.0 million by the end of 2027. The X-by-Wire technology is experiencing increasing …
Category Archives: Automotive Insights
Bicycle Components Aftermarket to Hit USD 28.3 Billion by 2033, with a CAGR of 6.9% | FMI Reports
The Bicycle Components Aftermarket, valued at USD 14 Billion in 2022 and estimated at USD 14.62 Billion in 2023, is expected to grow at a CAGR of 6.9% from 2023 to 2033, reaching approximately USD 28.3 Billion by 2033, according to FMI analysis. The increasing demand for bicycle components aftermarket is driven by worsening automobile …
Automotive TCU Market to Surge to USD 22.47 Billion by 2033, Growing at a 5.1% CAGR | FMI Reports
The Automotive TCU (Transmission Control Unit) Market is forecasted to reach USD 13.66 Billion in 2023 and is expected to grow to USD 22.47 Billion by 2033. The market experienced a CAGR of 5.1% between 2023 and 2033. The growth in demand for automotive TCUs is primarily driven by technological advancements. The integration of cutting-edge technologies …
Automatic Tire Inflation System Market Estimated to Reach USD 3,755.9 Million by 2033, at a projected CAGR of 5.6% | FMI Reports
The global automatic tire inflation system (ATIS) market is projected to reach a valuation of USD 2,178.1 million in 2023, with a promising growth trajectory driven by telematics integration. The market is expected to expand at a CAGR of 5.6% from 2023 to 2033, potentially achieving a total valuation of approximately USD 3,755.9 million by …
Electric Vehicle Battery Market Forecasted to Expand to USD 21,258.4 Million by 2033, with a CAGR of 8.5% | FMI Reports
The global electric vehicle (EV) battery market is poised for substantial growth, projected to achieve a revenue of USD 21,258.4 million by 2033, up from USD 9,402.3 million in 2023, with a robust CAGR of 8.5%. This expansion is fueled by several key factors, including the increasing adoption of electric vehicles, advancements in battery technology, …
Automotive Garage Equipment Market Set to Hit USD 63.1 Billion by 2033, with a CAGR of 8.94% | FMI Reports
The global automotive garage equipment market, valued at USD 24.4 billion in 2022, is projected to grow to USD 26.8 billion in 2023. According to Future Market Insights, the market is expected to expand at a robust CAGR of 8.94% from 2023 to 2033, reaching approximately USD 63.1 billion by 2033. This significant growth is …
Automotive Repair & Maintenance Services Market Expected to Surge to USD 1,850 Billion by 2033, with a CAGR of 7.2% | FMI Reports
The global automotive repair and maintenance services market is projected to reach USD 915.88 billion in 2023 and is expected to grow at a CAGR of 7.2% from 2023 to 2033, ultimately reaching USD 1,850 billion. This growth presents substantial opportunities for key players, driven by trends such as vehicle customization, increasing disposable incomes, and …
Automotive Wires Market Poised for Growth, Projected to Reach USD 8,868.7 Million by 2033, with a CAGR of 6.03% | FMI Reports
The global automotive wires market was valued at USD 4,823.2 million in 2022 and is estimated to reach USD 4,937 million in 2023. According to Future Market Insights, the market is projected to expand at a CAGR of 6.03% between 2023 and 2033, reaching approximately USD 8,868.7 million by 2033. The growth of the automotive …
Surface Protection Services Market Projects to Hit USD 21,063 Million by 2034, Growing at 5.10% CAGR | FMI Reports
The surface protection service market size is anticipated to be valued at USD 13,933.50 million in 2024, with adoption expected to expand at a CAGR of 5.10% through 2034, reaching approximately USD 21,063 million by 2034. The industry is primarily driven by the increasing need to safeguard assets and infrastructure from environmental degradation, corrosion, and …
Automotive Tire Market is Expected to Reach USD 928.3 Billion by 2033, with a CAGR of 6.6% | FMI Reports
The automotive tire market is projected to grow at a CAGR of 6.6% from 2023 to 2033, reaching a valuation of USD 928.3 billion by 2033, up from USD 503.9 billion in 2023. This dynamic and rapidly evolving industry is driven by advancements in vehicle technology, changing consumer preferences, and increasing regulatory demands for safety …