Sales of Used Bikes through Bike Marketplace The sales of used bikes through bike marketplaces are expected to witness steady growth, with an average Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period. This growth is driven by increasing awareness of bike marketplace platforms, leading to a significant rise in sales from USD 43 billion …
Category Archives: Research Insights
Electric Vehicle Sensor Industry to Soar to USD 49,392.50 Million by 2034, Registering a Strong CAGR of 16.5%, Reports FMI
Electric Vehicle Sensor Market The electric vehicle sensor market is poised to reach a valuation of USD 10,725.11 million by 2024. The increasing number of electric vehicles on the road signals a promising future for the EV sensor market. As the demand for sustainability grows, the electric vehicle sensor market is thriving alongside the expanding EV sector. The industry …
Used E-Scooter Industry Expected to Hit USD 979.5 Million by 2034, Expanding at a CAGR of 3.2%, Says FMI Insights
Used E-Scooter Industry According to a study by FMI, the used e-scooter industry was valued at USD 714.8 million in 2024 and is projected to grow to USD 979.5 million by 2034, with a compound annual growth rate (CAGR) of 3.2%. The shift towards electric vehicles, driven by environmental concerns, technological advancements, and cost-effective fuel solutions, is boosting sales of used e-scooters …
Global Automotive Sunroof Industry Set to Reach USD 22,780.9 Million by 2034, Expanding at a Strong CAGR of 11%, Reports FMI Analysis
Automotive Sunroof Industry The automotive sunroof industry is projected to reach USD 7,920.1 million in 2024, with an estimated CAGR of 11% during the forecast period. By 2034, the market value is expected to grow to USD 22,780.9 million. In recent years, the car sunroof sector has seen substantial growth and innovation. Rising consumer demand for an …
Tire Pressure Monitoring System Industry Expected to Reach USD 6.34 Billion by 2034, Growing at a CAGR of 6.2%, Says FMI
Tire Pressure Monitoring System Industry The tire pressure monitoring system (TPMS) industry is expected to grow at a CAGR of 6.2% from 2024 to 2034, with its market value increasing from USD 3.47 billion in 2024 to USD 6.34 billion by 2034. This strong growth is driven by stricter safety regulations and rising consumer awareness about the …
Adaptive Front Lighting Industry to Reach USD 718.4 Million by 2033, Growing at a 12.7% CAGR, Reports FMI
Adaptive Front Lighting Industry In 2023, the global adaptive front lighting industry is expected to be valued at around USD 718.4 million, with projections to surpass USD 2,374.6 million by 2033, growing at a CAGR of 12.7% throughout the forecast period. The market’s growth is largely fueled by the rising demand for improved vehicle safety and enhanced …
Global Plain Bearing Industry to Exceed USD 20,850.8 Million by 2033, Growing at a 5.7% CAGR, Reports FMI
Plain Bearing Industry The plain bearing industry is projected to reach a value of USD 12,019.3 million in 2023, with expectations to grow to USD 20,850.8 million by 2033, reflecting a CAGR of 5.7% over the forecast period. Key Sectors Driving Global Demand Several industries are fueling demand for plain bearings, including automotive, construction, aerospace, and heavy …
Two-Wheeler Accessories Aftermarket to Reach USD 45,608.96 Million by 2033, Growing at an 8.60% CAGR, Reports FMI
Two-Wheeler Accessories Aftermarket The two-wheeler accessories aftermarket is poised for significant growth, with projections suggesting it will reach a remarkable value of USD 45,608.96 million by 2033, driven by a strong compound annual growth rate (CAGR) of 8.60%. This expanding sector encompasses a wide array of accessories tailored for motorcycles, scooters, and other two-wheeled vehicles, addressing the …
Automotive Body in White Industry to Hit USD 89.4 Billion by 2033, Expanding at a 3.5% CAGR, Reports FMI
Automotive Body in White Industry The global automotive body-in-white (BIW) industry is currently valued at USD 63.5 billion and is projected to grow to USD 89.4 billion by 2033, with a compound annual growth rate (CAGR) of 3.5% from 2023 to 2033. The market growth is driven by industrialization, globalization, and expanded supply chains, which are strengthening the transportation and logistics sectors. Additionally, …
Power Liftgate Industry to Reach USD 6,945.5 Million by 2033, Expanding at an 8.9% CAGR, Reports FMI
Power Liftgate Industry The power liftgate industry is expected to experience significant growth, with a projected value of USD 6,945.5 million by 2033, driven by a strong CAGR of 8.9%. This growth is largely attributed to the rising demand for convenience and automation in vehicles, as consumers increasingly seek features that enhance ease of use and accessibility. …