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 …
Category Archives: Research Insights
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 …
USA Automotive and Aircraft Interior Leather Aftermarket Poised to Exceed USD 11.79 Billion by 2033, Growing at a 3.5% CAGR | FMI Reports
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 …
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 …