Automotive Active Purge Pump Industry The automotive active purge pump industry is projected to grow from USD 82.01 million in 2023 to USD 230 million by 2033, reflecting a compound annual growth rate (CAGR) of 10.9% during this period. Key Drivers of Growth: Stringent Global Emission Standards: The implementation of rigorous emission regulations is driving the demand …
Category Archives: Research Insights
Automotive Lighting Industry Expected to Reach USD 69 Billion by 2033, Growing at a 6.4% CAGR | FMI Reports
Automotive Lighting Industry The global automotive lighting industry is expected to reach a valuation of USD 37.1 billion in 2023 and is projected to grow to USD 69 billion by 2033, reflecting a compound annual growth rate (CAGR) of 6.4% during the forecast period. This Industry includes the manufacturing, distribution, and installation of lighting systems for various …
Automotive In-Wheel Motors Industry Forecast: Projected to Reach USD 17.457 Billion by 2033, Expanding at a 19.5% CAGR | FMI Reports
Automotive In-Wheel Motors Industry The automotive in-wheel motor industry is poised for significant growth, projected to reach an impressive USD 17.457 billion by 2033, reflecting a robust compound annual growth rate (CAGR) of 19.5%. This surge is driven by the rising demand for innovative electric vehicle technologies. In-wheel motors, which integrate the motor directly into the wheel …
Automotive Door Hinges Industry Outlook: Expected to Reach USD 7.9 Billion by 2033, Growing at a 5.5% CAGR | FMI Reports
Automotive Door Hinges Industry The global automotive door hinges industry is anticipated to reach a valuation of USD 4.6 billion in 2023 and is projected to grow to USD 7.9 billion by 2033, reflecting a compound annual growth rate (CAGR) of 5.5% during the forecast period. Several factors are fueling the demand for automotive door hinges, including …
Global Fire Truck Industry Forecast: Projected to Reach USD 8,549.6 Million by 2033, Growing at a 3.9% CAGR | FMI Reports
Fire Truck Industry The global fire trucks industry is projected to grow at a compound annual growth rate (CAGR) of 3.7% from 2023 to 2033, with an expected Industry value of USD 8,549.6 million by 2033. In 2023, the demand for fire trucks was approximately USD 5,741.6 million. In recent years, the fire truck industry has experienced …
Automotive Camshaft Industry: Key Insights and Growth Drivers | FMI Reports
Automotive Camshaft Industry The automotive camshaft industry is projected to grow at a CAGR of 3.7% during the assessment period. In 2024, the Industry is expected to generate revenues of USD 10,662.70 million, with the Industry size forecasted to reach USD 11,056.49 million by the end of 2034. The automotive camshaft Industry is integral to the performance …
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Electric Boat Industry: Key Insights and Growth Drivers | FMI Reports
Electric Boat Industry The global electric boat industry is estimated to reach USD 6,954.6 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period, potentially reaching USD 18,875.4 million by 2034. The industry is expected to experience a year-over-year growth of 9.8% in 2024. The electric boat industry is rapidly …
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Hydrostatic Transmission Industry: Key Insights and Growth Drivers | FMI Reports
Hydrostatic Transmission Industry The hydrostatic transmission industry is projected to reach a significant value of USD 3.41 billion in 2023. Known for their high efficiency and performance, hydrostatic transmissions are well-suited for applications requiring precise and responsive control. FMI forecasts that the Industry revenue could exceed USD 5.61 billion by 2033, reflecting a CAGR of 5.1% over …
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Automotive Sensors Industry: Key Insights and Growth Drivers | FMI Reports
Automotive Sensors Industry The global automotive sensors industry is expected to be valued at USD 19.2 billion in 2023 and is projected to grow to USD 44 billion by 2033, driven by a CAGR of 8.6% during the forecast period. The automotive sensors Industry is experiencing rapid growth, fueled by advancements in vehicle technology, the push for …
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Rubber Track for Defense and Security Industry: Key Insights and Growth Drivers | FMI Reports
Rubber Track for Defense and Security Industry The global rubber track for defense and security industry was valued at USD 125.9 million in 2022. Over the forecast period, the demand for rubber tracks in defense and security is expected to grow at a CAGR of 5.8%. The Industry value is projected to rise from USD 131.9 million …