In 2023, the Mid-Lift Axle market share is expected to be worth US$ 2,818.0 million. The market is expected to reach US$ 4,813.6 million by 2033, expanding at a 5.5% CAGR throughout the forecast period. The Mid-Lift Axle industry is driven by several factors, including rising urbanization which is resulting in increment of recreational activities, …
Category Archives: Automotive Insights
Off-Road Motorcycle Market Set to Reach Nearly US$ 27 Billion by 2032 with 5.9% CAGR
The global off-road motorcycle market share is anticipated to augment at a robust CAGR of 5.9% over the forecast period from 2022 to 2032. The market is likely to reach a valuation of nearly US$ 27 Billion by the end of 2032. The Off-Road Motorcycles Market is witnessing significant growth driven by several factors, including the increasing …
Automotive Actuator Market Poised to Reach US$ 25.4 Billion by 2032
Over the forecast period of 2022-2032, the automotive actuator market share is expected to grow at a CAGR of 6.6% to reach a valuation of US$ 25.4 Billion by 2032. Automotive actuators are a crucial component of electronic control systems in vehicles as they aid in the conversion of electrical impulses from control units to action. Various …
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Automotive Engine Valve Market Expected to Reach US$ 7.78 Billion by 2032
In 2021, the Automotive Engine Valve Market Share was worth US$ 5.89 billion. The valuation has grown to US$ 6.2 billion as of 2022. During the forecast period, the car engine valve market is anticipated to expand at a CAGR of 2.3%. By 2032, the industry is anticipated to be worth US$ 7.78 billion. The …
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Global Automotive AC Compressor Market to Hit US$ 14.1 Billion by 2033
The global automotive AC compressor market share is projected to experience a Compound Annual Growth Rate (CAGR) of 3.9% throughout the forecast period, driven by the increasing demand. By 2033, it is expected to reach a valuation of approximately US$ 14.1 billion, compared to its current worth of US$ 9.6 billion in 2023. The Automotive …
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Automotive Air Filter Market Set to Reach US$ 7,619 Million by 2033
The global automotive air filter market share is expected to be valued at US$ 5,560.4 million in 2023 and is projected to reach US$ 7,619 million by 2033. A CAGR of 3.2% is expected for the market during the 2023 to 2033 forecast period. The Automotive Air Filter Market is witnessing significant growth driven by several factors, …
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Global Train Battery Market Set to Accelerate with a Steady 5.0% CAGR, Surpassing US$ 975.9 Million by 2033
As per the reports published by FMI, the global train battery market is projected to have an average-paced CAGR of 5.0% during the forecast period. The current valuation of the market is US$ 599.1 million in 2023. The market value of the train battery market is anticipated to surpass a market valuation of US$ 975.9 …
Railway Emergency Valves Market Set to Reach US$ 3,312.77 Million by 2033, Driven by a 3.8% CAGR
According to Future Market Insights’ most recent market estimate, the railway emergency valves market is worth US$ 1,957.87 Million in 2023 and expected to reach US$ 3,312.77 Million by 2033, registering at a CAGR of 5.4% during the forecast period. The market share is projected to increase quickly as a result of the emphasis on safety standards, …
ADAS Sensors Market Set to Reach US$ 70.33 Billion by 2033 with 8.7% CAGR
The global ADAS sensors market share in 2022 was US$ 28.12 billion and is estimated to be US$ 30.53 billion in 2023. As per the Future Market Insights projection, the ADAS sensors market is anticipated to expand at a CAGR of 8.7% between 2023 and 2033, totalling around US$ 70.33 billion by 2033. The ADAS …
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Two Wheeler Accessories Aftermarket to Reach US$ 45,608.96 Million by 2033 with 8.60% CAGR
The two wheeler accessories aftermarket share is predicted to be valued at US$ 19,987.20 million in 2023 and US$ 45,608.96 million by 2033. Over the projection period, sales in the two wheeler accessories aftermarket are expected to increase at a CAGR of 8.60%. The Two Wheeler Accessories Aftermarket is experiencing rapid growth driven by the …