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 in new regions. …
Category Archives: Research Insights
Global Automotive Sunroof Industry Poised to Reach USD 22,780.9 Million by 2034, Growing at a Robust CAGR of 11%, Reveals 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 Projected to Hit USD 6.34 Billion by 2034, Expanding at a CAGR of 6.2%, Reports 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 …
Global Automotive Actuator Industry Expected to Reach USD 28.7 Billion by 2034, Driven by a Strong CAGR of 6.9%, Reports FMI
Automotive Actuator Industry The global automotive actuator industry was valued at USD 14.2 billion in 2023, with demand expected to grow at a CAGR of 6.9% from 2024 to 2034. The market value is projected to rise from USD 15.1 billion in 2024 to USD 28.7 billion by 2034. Actuators play a crucial, though often overlooked, role …
Park Assist System Industry Anticipated to Hit USD 2.2 Billion by 2032, Expanding at a CAGR of 14.3%, Reports FMI
Park Assist System Industry The global park assist system industry is expected to be valued at USD 595.6 million in 2022, with demand anticipated to grow at a CAGR of 14.3%, reaching USD 2.2 billion by 2032. Known as advanced parking guidance systems, these solutions enhance parking accuracy through the use of advanced radar and ultrasonic technologies. …
Night Vision System Industry to Expand Significantly, Projected to Reach USD 12,418.2 Million by 2034 at an 11.8% CAGR, Says Future Market Insights
Night Vision System Industry The global night vision system (NVS) industry is expected to surpass USD 12,418.2 million by 2034, with sales growing at a CAGR of 13.9% during the forecast period. The increasing demand for luxury vehicles and heightened awareness of road safety are key factors driving the need for improved night visibility, which is anticipated to fuel …
Adaptive Cruise Control Industry Anticipated to Surpass USD 13.7 Billion by 2033, Registering a Robust CAGR of 12.7% | FMI Reports
Adaptive Cruise Control Industry The adaptive cruise control industry is projected to reach USD 4.1 billion in 2023, with expectations to grow to USD 13.7 billion by 2033, reflecting a CAGR of 12.7% during the forecast period. This growth is primarily driven by the rapid expansion of the automotive industry and the rising demand for adaptive cruise …
Adaptive Front Lighting Industry Forecasted to Hit USD 718.4 Million by 2033, Exhibiting a 12.7% CAGR | FMI Reports
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 …
ASEAN Automotive Bearings Industry Anticipated to Hit USD 1.675 Billion by 2033, Expanding at a 5.2% CAGR | FMI Reports
ASEAN Automotive Bearings Industry The ASEAN automotive bearings industry is forecasted to reach USD 1.009 billion by 2023 and grow to USD 1.675 billion by 2033, with a CAGR of 5.2%. Automotive bearings are essential in vehicles, reducing friction between rotating parts and supporting axial and radial loads. This market growth is driven by a strong focus …
Global Plain Bearing Industry Forecasted to Surpass USD 20,850.8 Million by 2033, Registering a 5.7% CAGR | FMI Reports
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 …