The global automotive connecting rod bearing market is expected to reach USD 189.2 million in 2022 and exhibit steady growth at a CAGR of 12.8% from 2022 to 2032. According to FMI, the market is anticipated to be valued at USD 493.7 million by 2032. The automotive connecting rod bearing, also known as the rod-end …
Category Archives: Press Release
Automotive Park Brake Lever (Handbrake) Market Expected to Achieve USD 722.6 Million Valuation by 2032, Expanding at 10.1% CAGR | FMI Reports
The global automotive park brake lever (handbrake) market, currently valued at USD 480.2 million, is expected to reach USD 722.6 million by 2032, growing at an impressive CAGR of 10.1% from 2022 to 2032. Governments worldwide are promoting the development of electric vehicles, which is expected to drive the growth of the automotive park brake …
Automotive Vacuum Brake Booster Market to Reach USD 346.8 Million by 2032, with 7.4% CAGR Growth | FMI Reports
The global automotive vacuum brake booster market, currently valued at USD 289.1 million, is projected to reach USD 346.8 million by 2032, growing at a CAGR of 7.4% from 2022 to 2032. Automotive vacuum brake boosters are crucial components of vehicle safety systems, aiding in converting the force applied by the driver into the necessary …
Vehicle Electrification Market Anticipated to Expand at 10.3% CAGR through 2032 | FMI Reports
The global vehicle electrification market is expected to grow at an impressive compound annual growth rate (CAGR) of 10.3% from 2022 to 2032. Valued at USD 72 billion in 2021, the market is driven by a growing emphasis on eco-friendly alternatives in the automotive sector. Several factors contribute to the expansion of vehicle electrification, including …
Automotive Natural Gas Vehicle Market Forecast to Grow at 7% CAGR through 2032 | FMI Reports
The automotive natural gas vehicle (NGV) market, despite seeing sales growth in recent years, is still in its early stages. This market, encompassing vehicles that use either compressed natural gas (CNG) or liquefied natural gas (LNG) as fuel, is projected to grow at a compound annual growth rate (CAGR) of 7% from 2022 to 2032. …
Insect-Based Pet Food Market to Surge to USD 3.4 Billion by 2033: Transforming Pet Nutrition with 10% CAGR | FMI
Insect-Based Pet Food Market The insect-based pet food market is forecasted to garner revenue of US$ 3,448.5 million in 2033, up from US$ 1,341.0 million in 2023, advancing at a rate of 10% from 2023 to 2033. The pet food industry is undergoing a significant transformation as more pet owners seek innovative and sustainable alternatives to traditional …
Fat-Filled Milk Powder Market Set to Reach USD 8.8 Billion by 2033: Steady 6% CAGR Driven by Demand for Cost-Effective Dairy Alternatives
Fat-Filled Milk Powder Market The global fat-filled milk powder market demand is expected to be valued at US$ 5 billion in 2023 and to reach a valuation of US$ 8.8 billion by 2033. The demand for fat-filled milk powder is estimated to grow at a steady 6% CAGR. The fat-filled milk powder market is being driven …
Cheese Market Forecast: Projected to Exceed USD 160.0 Billion by 2033, According to Future Market Insights, Inc. Report
The cheese market is expected to expand from US$ 95.0 billion in 2023 to US$ 160.0 billion by 2033. Demand for processed cheese, such as Cheddar, Parmesan, and Romano, has increased in recent years due to factors such as the product’s improved shelf life, the appealing flavor profile of processed cheese, and the versatility it provides at …
Vegan Butter Market to Surpass USD 4.78 Billion by 2033, According to FMI Forecast
The global vegan butter market is forecasted to expand at 5% CAGR over the estimated period as per FMI’s analysis. The industry’s size is predicted to reach a market value of US$ 2,870 million in 2023. The vegan butter industry is propelling forward with the surging demand for oats-based vegan butter as witnessed via the B2C sales channel. High demand for …
Organic Spices Market Forecast: 4.5% CAGR Growth to Surpass USD 17 Billion by 2033
The organic spices market is likely to thrive at an average CAGR of 4.5% between 2023 and 2033. The market is anticipated to cross a share of US$ 17.0 billion by 2033 while it is anticipated to be valued at US$ 10.9 billion in 2023. The wave of organic food items including spices being in trend is …