New Product Development
The railway system market is valued at US$ 28,278.1 million as of 2023. The market is expected to advance at a CAGR of 4.8% during the forecast period. By 2033, the market is expected to cross an estimate of US$ 45,192.2 million. Global urbanisation is accelerating, which has increased discretionary income. This has encouraged many …
Continue reading “Railway System Market is expected to reach US$ 45,192.2 million by 2033”
The locomotive traction transformer market is expected to grow at a CAGR of 4.4% from 2023 to 2033. The market is projected to reach a valuation of US$ 737.7 Million by 2033, from the current valuation of US$ 479.6 Million in 2023. During the current forecast period, several factors positively influence the growth of the …
In 2018, the global EV charging station market had sales of US$ 3.8 billion. In 2022, the market expanded by 52.4% year over year. In 2023, it’s projected to generate US$ 22.9 billion in sales. The market for EV charging stations worldwide is anticipated to surge at a CAGR of 18.3% between 2023 and 2033. …
Continue reading “EV Charging Station Market to Hit US$ 122.8 billion by the end of 2033”
The global lightweight compact wheel loader market in 2022 was US$ 12.2 billion and is estimated to be US$ 13.53 billion in 2023. Future Market Insights has mentioned in its reports that the lightweight compact wheel loader market will expand at a CAGR of 8.4% between 2023 and 2033, totaling around US$ 30.3 Billion by …
The off-highway electric vehicle market size could be worth US$ 2.24 billion globally in 2023. Sales of off-highway electric vehicles are projected to reach a record high of US$ 8.36 Billion by 2033, rising at a CAGR of 14.1% from 2023 to 2033. Electric vehicles that are intended to be used off-road are known as …
The global Used EV Market is estimated to be worth approximately US$ 17,890.5 million in the current year, with a projected CAGR of 8.4% over the forecast period. According to the latest analysis of the global used EV market, it is expected that the market’s total value will reach US$ 40,078.9 Million by the year …
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The global autonomous crane market net worth is estimated to be around US$ 3,028.7 Million in 2022 and is anticipated to register at a CAGR of 21.7% from 2022 to 2032. As per the report, the overall valuation of the autonomous crane market is expected to reach up to US$ 21,585.7 Million by the year …
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The global bicycle market in 2022 was US$ 1,300 million and is estimated to be US$ 2,650.23 million in 2023. The bicycle market is expected to increase at a CAGR of 8.92% between 2023 and 2033, totaling around US$ 6.2 Billion by 2033. The increase in global bicycle market rises as customers prefer bicycles as …
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The global electronic power steering market is anticipated to reach a valuation of US$ 41,893.2 Million by 2032, with the market growing at a moderate CAGR of 5.2% from 2022 to 2032. By the end of 2022, the target market is set to reach an estimated US$ 25,234.0 Million. Increasing security concerns coupled with the …
Continue reading “Electronic Power Steering Market to be worth US$ 41,893.2 Million by 2032”
The automotive brake system market is projected to be valued at US$ 6,211.0 million in 2023 and is expected to rise to US$ 29,601.1 million by 2033. The market is expected to record a significant CAGR of 16.9% during the forecast period. The automotive brake system plays a critical role in ensuring the safety and …