The automotive aftermarket in ASEAN is reeling from the COVID-19 impact, however, recovery is likely to be more immediate compared to European and American counterparts, according to a latest study. Future Market Insights (FMI), an ESOMAR-certified market research firm, in an updated edition of its report, revised the forecast to 8.7% CAGR. This revised forecast …
Category Archives: Business
Ship Repair and Maintenance Services Market is set to be valued at US$ 44.3 Bn, expanding at 6.5% CAGR through 2031 | Damen Shipyards Group, Sembcorp Industries Ltd., Cochin Shipyard Limited, China Shipbuilding Industry Corporation, Fincantieri S.p.A
Ship repair and maintenance services market is set to be valued at US$ 44.3 Bn, expanding at 6.5% CAGR through 2031, according to latest research conducted by Future Market Insights (FMI). As per Future Market Insight (FMI), the ship repair and maintenance services market is expected register year-on-year (YoY) growth of 5.9%, reaching US$ 23.6 Bn in 2021. Request a Sample of this …
ADAS Sensors Market amalgamation of the two is set to fuel an astounding 14% growth during the period 2020-2030
Electrification and autonomous mobility have the potential to be game changers for advanced driver assistance systems (ADAS) sensors market, according to a new study by Future Market Insights (FMI). The amalgamation of the two is set to fuel an astounding 14% growth of the ADAS sensors market during the period 2020-2030. Despite the recessionary headwinds of …
Railway Bearing Market will grow in value at a CAGR of 5.7% between 2020 and 2030 | Key Top Players- Timken Company, JTEKT Corporation, National Engineering Industries Limited
Future Market Insights (FMI) projects that the global railway bearings market will grow in value at a CAGR of 5.7% between 2020 and 2030. According to the study, as governments invest significantly to improve railway infrastructure, demand for locomotive components, including railway bearings is likely to grow. Moreover, the availability of a wide range of railway bearings …
Bicycle Tires Market is expected to be valued at ~US$ 6.4 Bn in 2021, And set to expand at 7.7% CAGR between 2021 and 2031 | Cheng Shin Rubber Ind Co., Ltd., The Goodyear Tire & Rubber Company
According to a new study by Future Market Insights (FMI), the global bicycle tire market is expected to be valued at ~US$ 6.4 Bn in 2021. Rising demand on environment-friendly modes of commuting is expected to help the market gain impetus in the coming years. The electric vehicle (EV) revolution has dramatically altered the global automotive landscape. …
Compact Utility Vehicles Market sales are set to be valued at US$ 3.65 Bn in 2021: Doosan Bobcat, Kubota Corporation, Komatsu Ltd
Global compact utility vehicle sales are set to be valued at US$ 3.65 Bn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights, an ESOMAR-certified research and consulting firm. The report estimates global compact utility vehicle market to grow at nearly 2.4% during 2021-2031. The report offers analysis in 20+ high-growth …
Cargo Bike Market to grow at 11.6% CAGR between 2021 and 2031 | Accell Group N.V. (Carqon), Jinhua Jobo Technology Co., Ltd., BODO Vehicle Group Co., Ltd. (LUXMEA)
Cargo Bike Market Snapshot The global demand for cargo bikes is expected to rise at 10.8% year-on-year in 2021 with sales reaching over US$ 900 million. Future Market Insights (FMI) projects the cargo bike market to grow at 11.6% CAGR between 2021 and 2031. With the rise of e-commerce operations, logistical flows are witnessing significant expansion, creating transport and time-sensitive operational challenges. According …
Global Automotive Microcontrollers Market has been projected to exhibit a staggering 13.7% CAGR during 2017 to 2022 | Toshiba Corporation, Infineon Technologies, Maxim Integrated Products, Inc
The global market for automotive microcontrollers has been projected to exhibit a staggering 13.7% CAGR during 2017 to 2022, according to a latest research by Future Market Insights (FMI). The global automotive microcontrollers market is estimated to surpass US$ 1,500 Mn in revenues by 2022-end. Utilisation of Microchips to Enhance Flexibility and Improve Connectivity in Vehicles – …
Automotive Lighting Market is expected to reach a valuation of US$34.7 Billion in 2021, And expected to grow at a CAGR of 6.3% for 2021- 2031 | Koito Manufacturing Co. Ltd., Hella KGaA Hueck & Co., Stanley Electric Co., Valeo SA
According to ESOMAR-certified Future Market Insights (FMI), automotive lighting sales have been increasing significantly in response to the growing demand for better safety systems across the globe. As per the study, the global automotive lighting market is anticipated to grow at around 6.3% CAGR through the forecast period from 2021 to 2031. The automotive lighting market is …
Automotive Tire Market financial guide for 2031 by leading players Continental AG, Bridgestone Corp., Michelin
According to ESOMAR-certified Future Market Insights’ (FMI), demand for automotive tire is expected to rise considerably, enabling the automotive tire market to grow at 6.0% CAGR throughout the forecast period between 2021 and 2031. Newly released data by Future Market Insights predicts the global automotive tire market to reach US$ 366,092 Mn in 2021. Despite stifled growth amid COVID-19 outbreak, the market is …