The surface protection service industry is projected to reach USD 13,933.50 million in 2024, driven by increased demand for safeguarding surfaces from damage, wear, and deterioration. The market is expected to grow at a CAGR of 5.10% from 2024 to 2034. One major factor fueling this growth is the rising awareness among industries and consumers …
Category Archives: Research Insights
Automotive Tire Industry – Rolling into a Future of Innovation and Sustainability | FMI Reports
The automotive tire industry is projected to reach a value of USD 503.91 billion in 2023 and is estimated to generate USD 928.3 billion by 2033. The market revenue is anticipated to grow at a CAGR of 6.3% during this period. The automotive tire industry is a cornerstone of vehicle safety, efficiency, and performance, playing …
Automotive Steering System Industry – Steering Towards Advanced Control and Safety | FMI Reports
The automotive steering system industry is expected to grow at a CAGR of 4.6% during the forecast period. With a market value of USD 24.1 billion in 2023, it is projected to surpass USD 38.0 billion by 2033. The automotive steering system industry is at the forefront of innovation, playing a critical role in ensuring …
Conventional Motorcycles and Scooters Industry – Navigating a Changing Landscape | FMI Reports
The global conventional motorcycles and scooters industry is projected to attain a valuation of USD 199,138.0 million by 2033, growing at a CAGR of 3.8% from 2023 to 2033. The market is expected to be valued at USD 137,145.2 million in 2023. The conventional motorcycles and scooters industry remains a vital segment of the global …
Electric Bike Industry – Revolutionizing Urban Mobility and Sustainability | FMI Reports
The electric bike industry is expected to grow at a robust CAGR of 10.2% from 2023 to 2033. The market is projected to reach a value of USD 56.79 billion in 2023 and is anticipated to attain a market size of USD 150.01 billion by 2033. The electric bike (e-bike) industry is rapidly evolving as …
Automotive Door Latch Industry – Securing Innovation and Safety | FMI Reports
The global automotive door latch industry is projected to grow at a CAGR of 4% from 2023 to 2033. The industry is anticipated to increase in value from USD 6.0 billion in 2023 to USD 9.3 billion by 2033. The automotive door latch industry is experiencing robust growth, driven by increasing safety regulations, advancements in …
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Igniting Innovation: Automotive Ignition Coil Industry Drives Performance and Efficiency | FMI Reports
The automotive ignition coil industry is projected to generate revenue of USD 3,289.60 million in 2023. By 2033, the market is anticipated to reach a valuation of USD 5,108.65 million, growing at a steady CAGR of 4.5% over the forecast period. This growth reflects the increasing demand for efficient ignition systems driven by advancements in …
Elevating Standards: Aircraft Refurbishing Industry Soars Amid Growing Demand for Modernization | FMI Reports
The aircraft refurbishing industry is poised for substantial growth, with market trends suggesting it could reach a valuation of USD 8,694.18 million by 2034. Analysis indicates a steady CAGR of 5.82% over the forecast period. In 2024, the industry is estimated to have a market size of USD 4,938.26 million, reflecting its expanding role in …
Driving Excellence: Automotive Carbon Ceramic Brake Industry Poised for Growth | FMI Reports
The automotive carbon ceramic brake industry is projected to grow significantly, with its valuation increasing from USD 588.93 million in 2024 to USD 1,568.26 million by 2034. During the forecast period (2024–2034), sales are expected to register a robust CAGR of 10.29%. This growth is primarily driven by the rising demand for light commercial vehicles …
Accelerating Growth: India’s Automotive Stamping Industry on the Rise | FMI Reports
The automotive stamping industry in India is projected to achieve a market value of USD 5,109.3 million in 2024. By 2034, the industry is anticipated to reach USD 9,416 million, registering a robust CAGR of 6.3% over the forecast period (2024–2034). With revenue of USD 4,823.1 million in 2023, the industry is expected to showcase …