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The global automotive door latch market is likely to expand at a CAGR of 4% through 2033. The market is expected to reach a value of USD 9.3 Billion by 2033, from USD 6.0 Billion in 2023. The automotive door latch market refers to the sector within the automotive industry that focuses on the design, manufacturing, distribution, and installation of door …
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The global automotive seat heater market size reached US$ 2,871.1 million in 2022. Over the forecast period, global automotive seat heater demand is anticipated to rise at a 6.7% CAGR. Total market value is predicted to increase from US$ 3,030.0 million in 2023 to US$ 5,790.8 million by 2033. The market for car seat heaters is expanding due to the escalating rivalry in …
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The global automotive variable oil pump market demand is expected to reach US$ 10.6 billion by year 2030. Consumers’ rising spending power and the soaring demand for passenger cars are projected to fuel market expansion. Nowadays, automotive engines require excessively large oil flow, especially at low engine speed, since conventional unregulated pumps lead to substantial …
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The automotive wheel bearing aftermarket is estimated to be worth US$ 1,446.20 million in 2023 and is projected to be valued at US$ 2,147.80 million by 2033. Between 2023 and 2033, the industry is expected to register a growth rate of 4%. Key Takeaways In 2022, the automotive wheel bearing aftermarket was valued at US$ …
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The global automotive tuner market is anticipated to attain a valuation of USD 6.4 billion in 2023 and is projected to reach USD 12 billion by 2033, trailing a CAGR of 6.4% during the forecast period. The market is experiencing expansion due to the growing popularity of aftermarket automotive modifications. This trend is particularly prominent …
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According to forecasts, the automotive stamping market is expected to be USD 11,014.5 million in 2023 and USD 18,460.7 million by 2033. Due to a rise in vehicle production throughout the area, Asia-Pacific is now leading the automotive metal stamping industry. The market is projected to experience significant development due to the region’s rapidly growing …
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The automotive interior leather market is anticipated to increase at a CAGR of 4.90% throughout 2034. Starting at an assessment of USD 23,074 Million in 2024, the market is predicted to climb to a worth of USD 37,258.90 Million by 2034. From sleek leather seats to refined upholstery, consumers are increasingly seeking comfort and elegance …
The golf cart market is projected to rise from USD 1.41 Billion in 2023 to USD 2.07 Billion by 2033. According to FMI, the sales of golf carts are predicted to expand at a CAGR of 3.9% during the forecast period. Various factors contribute to the expansion of the golf cart industry. One key factor is the growing popularity of …
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The encapsulant industry is anticipated to be valued at US$ 4.1 billion by 2024. The market valuation is estimated to be US$ 9.5 billion by 2034, projected at a CAGR of 8.7%. The encapsulant market is crucial for various industries, including electronics, automotive, and renewable energy. Encapsulants are materials used to protect and enhance the reliability of electronic components, solar photovoltaic …
The hybrid vehicles market size is estimated to surpass USD 232 Billion in 2023 and is anticipated to hit a valuation of USD 1,644,192.6 Million by 2033. The hybrid vehicles market share is predicted to thrive at an astronomical CAGR of 21.6% from 2023 to 2033. The expansion of EV infrastructure, including charging stations, is strongly related to the …