USA Automotive and Aircraft Interior Genuine Leather Aftermarket The U.S.A afertmarket for genuine leather in automotive and aircraft interiors is expected to grow steadily, with a projected CAGR of 3.5% from 2023 to 2033. The market, valued at USD 8.36 billion in 2023, is anticipated to reach USD 11.79 billion by 2033. This growth is fueled by …
Category Archives: Research Insights
Automotive Body in White Industry Expected to Reach USD 89.4 Billion by 2033, Growing at a 3.5% CAGR, Reports FMI
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, the increasing use of lightweight …
Cargo Bike Industry to Reach USD 27,182 million by 2034, Registering an 13.1% CAGR, Reports FMI
The cargo bike industry is evaluated at USD 7,921.5 million in 2024. The industry is expected to reach USD 27,182 million by 2034 with an emerging online buying experience. The global cargo bike market is projected to grow at 13.1% CAGR from 2024 to 2034. In the United States, demand for cargo bikes is anticipated …
Electric Kick Scooter Industry to Reach USD 8,021.50 Million by 2033, Expanding at an 11.5% CAGR, Reports FMI
The electric kick scooter industry is anticipated to grow from USD 2,700.9 million in 2023 to USD 8,021.5 million by 2033, reflecting a compound annual growth rate (CAGR) of 11.5% over the forecast period. This growth is primarily driven by the increasing demand for eco-friendly transportation solutions, spurred by environmental concerns and the push for sustainable mobility options. Supportive government policies and initiatives …
Electric Cargo Bike Industry Poised to Exceed USD 18,052.7 million by 2034, Growing at an 14.2% CAGR, Reports FMI
The global electric cargo bike industry size is anticipated to reach USD 4,781 million in 2024. It is predicted to grow at a CAGR of 14.2% during the forecast period to reach a value of USD 18,052.7 million by 2034. This growth is largely driven by the surge in e-commerce, which has heightened the demand …
Automotive Tuner Industry to Reach USD 12 Billion by 2033, Growing at a 6.4% CAGR, Reports FMI
The global automotive tuner industry is projected to grow from USD 6.4 billion in 2023 to USD 12 billion by 2033, with a compound annual growth rate (CAGR) of 6.4% over the forecast period. This expansion is driven by the rising popularity of aftermarket automotive modifications, particularly among young adults and Generation Y consumers, who are eager to personalize and customize their vehicles …
Automotive Wheel Bearing Aftermarket is Projected to Reach USD 2,147.80 million by 2033, Growing at a CAGR of 4%, according to FMI Reports
Automotive Wheel Bearing Aftermarket The automotive wheel bearing aftermarket is projected to be valued at USD 1,446.20 million in 2023 and is expected to grow to USD 2,147.80 million by 2033, registering a growth rate of 4% between 2023 and 2033. The primary driver of this growth is the increasing sales and production of automotive vehicles, coupled with overall expansion in the automotive …
Railway Bearing Industry is Expected to Reach USD 3.12 Billion by 2033, Driven by a Strong CAGR of 9.00%, according to FMI Reports
Railway Bearing Industry The railway bearing industry is poised for substantial growth, with projections indicating a significant increase to USD 3.12 billion by 2033, driven by a robust CAGR of 9.00%. Railway bearings are essential for ensuring smooth operations and safety within the rail industry, reducing friction between moving parts to support train movement. The growing investments in railway infrastructure …
Automotive Glass Industry is Forecasted to reach USD 34,521.1 Million by 2034, Maintaining a Steady CAGR of 5.7%, according to FMI Reports
Automotive Glass Industry The automotive glass industry is expected to achieve a valuation of USD 19,674.3 million for 2024 and is projected to grow to USD 34,521.1 million by 2034, with a CAGR of 5.7% during the forecast period. The prices of raw materials used in automotive glass production, such as silica, soda ash, and limestone, are …
Bicycle Chain Industry is Expected to Exceed USD 12,802.54 million by 2034, Growing at a CAGR of 5.13%, according to FMI Reports
Bicycle Chain Industry The global bicycle chain industry is projected to reach USD 12,802.54 million by 2034, up from USD 7,763.89 million in 2024, reflecting a steady CAGR of 5.13% throughout this period. The rising focus on health and fitness has increased the popularity of cycling as an effective form of exercise. Cycling has long been a popular exercise, but recent factors such …