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 …
Category Archives: Research Insights
Automotive E-Tailing Industry to Thrive as Digital Retail Channels Revolutionize the Vehicle Parts and Accessories Industry
Automotive E-Tailing Industry The automotive e-tailing industry is projected to be valued at USD 76.4 billion in 2024 and is expected to grow at a CAGR of 13.4% from 2024 to 2034. By 2034, the global automotive e-tailing market is forecasted to reach USD 268 billion. The Automotive E-Tailing Industry is poised for substantial growth from 2024 to 2032, …
Used EV Industry Gains Momentum as Consumers Opt for Affordable Electric Mobility, Reports FMI
Used EV Industry The global Used Electric Vehicles Industry is currently valued at approximately USD 17,890.5 million and is projected to grow at a compound annual growth rate (CAGR) of 8.4% during the forecast period. According to the market analysis report, the total value of the used EV market is expected to reach USD 40,078.9 million by …
Battery Swapping Infrastructure Industry Set to Grow with Rising EV Adoption and Demand for Rapid Charging Solutions, Reports FMI
Battery Swapping Charging Infrastructure Industry The global battery swapping charging infrastructure industry is projected to reach a valuation of USD 202.07 million in 2023 and is expected to grow at a robust compound annual growth rate (CAGR) of 21% from 2023 to 2033. This impressive growth underscores the increasing demand for efficient EV charging solutions, driven by …
Electric Bus Industry Poised for Significant Growth as Cities Transition to Green Public Transport Solutions, Reports FMI
Electric Bus Industry The global electric bus industry is expected to be valued at USD 21.3 billion in 2024, with projections indicating it will reach USD 68.5 billion by 2034, growing at a CAGR of 12.4%. The sector has witnessed substantial growth in recent years, driven by increasing environmental awareness, supportive government policies, and advancements in technology. …
Global Railway Telematics Industry Set for Substantial Growth Driven by Demand for Real-Time Monitoring and Enhanced Operational Efficiency | FMI Insights
Railway Telematics Industry The railway telematics industry was valued at around USD 6,234.5 million in 2022. According to a recent market analysis report by FMI, the market is set to grow at a CAGR of 7.1% between 2023 and 2033. This growth trajectory is projected to elevate the market’s overall value from USD 6,708.3 million in 2023 …
Electric Utility Vehicles Market Poised for Expansion Amid Growing Demand for Sustainable Transportation | FMI Insights
Electric Utility Vehicles Industry The electric utility vehicles industry is projected to achieve a valuation of approximately USD 38,550.2 million by 2033, growing at a robust CAGR of 15.4% from 2023 to 2033. As of 2023, the market is valued at around USD 9,203.8 million. The global electric utility vehicles market is witnessing robust growth, fueled by …
Transforming Vehicle Care: Key Trends and Drivers Shaping the Automotive Garage Equipment Industry | FMI Insights
Automotive Garage Equipment Industry 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 …
Automotive Door Hinges Industry Projected to Hit USD 7.9 Billion by 2033 with a CAGR of 5.5% | FMI Insights
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 …
Plug-in Hybrid Electric Vehicle (PHEV) Industry Set to Reach USD 186,450.62 Million by 2034, Growing at a 17.9% CAGR | FMI Insights
Plug-in Hybrid Electric Vehicle (PHEV) Industry The latest report by Future Market Insights highlights a promising outlook for the plug-in hybrid electric vehicle (PHEV) industry, which is projected to achieve a valuation of USD 35,927.40 million by 2024. This upward trend is anticipated to continue, with the market expected to reach an impressive USD 186,450.62 million by 2034, reflecting a …