The automotive battery management system industry is projected to grow at a compound annual growth rate (CAGR) of 25.6% over the forecast period. The Industry, valued at USD 3.8 billion in 2023, is expected to reach USD 37.4 billion by 2033. The Automotive Battery Management System (BMS) Industry is undergoing significant growth as the automotive …
Category Archives: Research Insights
The Crawler Excavator Industry: Essential Equipment for Modern Construction and Mining | FMI Reports
The global crawler excavator industry is projected to grow at a modest CAGR of 2.7% from 2023 to 2033, with an estimated market valuation of over USD 50,307.3 million in 2023. The market is expected to reach approximately USD 65,665.2 million by 2033. Historically, the market has recorded a CAGR of 2.5%, according to experts …
The Compact Loader Industry: Driving Efficiency and Versatility in Modern Construction and Agriculture | FMI Reports
The compact loader industry is projected to be valued at USD 5,226.52 million in 2024 and is expected to grow at a CAGR of 3.1% from 2024 to 2034. Market growth is driven by the rising adoption of electric compact loaders, the increasing popularity of small and efficient loaders, and higher demand from the agricultural …
The Automotive TCU Industry: Driving Connectivity, Performance, and Efficiency in Modern Vehicles | FMI Reports
The global automotive TCU industry is set to grow at a CAGR of 5.1% from 2023 to 2033, with an estimated valuation of USD 13.66 billion in 2023. According to Future Market Insights (FMI), the market is expected to exceed USD 22.47 billion by the end of 2033. The Automotive TCU industry is evolving rapidly …
Revolutionizing Tire Safety and Efficiency: Key Drivers and Trends in the Automatic Tire Inflation System Industry | FMI Reports
The Automatic Tire Inflation System industry is projected to be valued at USD 2,178.1 million in 2023 and is expected to grow to USD 3,755.9 million by 2033. The market is anticipated to expand at a CAGR of 5.6% during the forecast period from 2023 to 2033. The Automatic Tire Inflation System (ATIS) industry is …
Boosting Cycling Performance: Key Drivers and Trends in the Bicycle Components Aftermarket | FMI Reports
The bicycle components aftermarket was valued at USD 14 billion in 2022 and is estimated to reach USD 14.62 billion in 2023. The growing popularity of cycling, driven by high traffic congestion and safety concerns for riders, has led to an increased demand for bicycle accessories. According to FMI analysis, the market is expected to …
Powering the Future: Key Insights and Drivers of Growth in the Electric Vehicle Battery Industry | FMI Reports
The global electric vehicle battery industry is expected to grow at a robust CAGR of 8.5%, with projected revenues reaching USD 21,258.4 million by 2033. The market is currently valued at USD 9,402.3 million in 2023. The Electric Vehicle (EV) Battery Industry is at the forefront of the transition to a cleaner, more sustainable future …
Revolutionizing Vehicle Care: Key Trends and Drivers in the Automotive Garage Equipment Industry | FMI Reports
The automotive garage equipment industry was valued at USD 24.4 billion in 2022 and is expected to reach USD 26.8 billion in 2023. The demand for automotive garage equipment is being driven by the growth of repair shops and independent garages, which are contributing to increased vehicle sales in emerging economies. The Automotive Garage Equipment …
Driving Growth: Key Trends and Drivers in the Automotive Repair & Maintenance Services Industry | FMI Reports
The global automotive repair and maintenance services industry is anticipated to be valued at USD 915.88 billion in 2023 and is projected to grow to USD 1,850 billion by 2033, achieving a CAGR of 7.2%. The Automotive Repair & Maintenance Services industry is a cornerstone of the global automotive sector, playing a vital role in …
Powering Progress: Key Insights and Drivers of Growth in the Automotive Wires Industry | FMI Reports
The global automotive wires industry was valued at USD 4,823.2 million in 2022 and is projected to grow to USD 4,937 million in 2023. This growth is driven by increased demand in the global automotive market, fueled by rising vehicle sales, including both passenger and commercial vehicles. According to reports from Future Market Insights, the …