Military Truck Market Outlook and Evolving Industry Trends to 2027

Military Truck Market

The global military truck market is projected to grow from 15,677 units in 2019 to 20,171 by 2027, at a CAGR of 3.2%. Factors such as high demand for customized trucks, technological advancements, increasing popularity of transportation of military equipment, and continuous growth of army …

Automotive Lightweight Material Market Projected to reach $99.3 billion by 2025

Automotive Lightweight Materials Market 

The global Automotive Lightweight Material Market is projected to grow from USD 69.7 billion in 2020 to USD 99.3 billion by 2025, at a CAGR of 7.3% during the forecast period. The increasing stringency of vehicle emission and fuel economy regulations and growing government initiatives for vehicle …

Asia Pacific Electric 3-Wheeler Market Projected to reach 702.1 thousand units by 2027

Asia Pacific Electric 3-Wheeler Market

The Asia Pacific electric 3-wheeler market is estimated to be 272.7 thousand units in 2022 and is projected to grow to 702.1 thousand units by 2027, at a CAGR of 20.8% during the forecast period. Increasing crude oil prices and the demand for eco-friendly mobility …

Automotive Motors Market Outlook and Evolving Industry Trends

Automotive Motors Market 

The global automotive motors market for ICE vehicles is projected to grow from USD 23.0 billion in 2022 to USD 28.7 billion by 2027, at a CAGR of 4.5%. Automotive companies and component manufacturers are investing significant amounts in research and testing of new uses …

Automotive Software Market Projected to reach $40.1 billion in 2027

Automotive Software Market

The global automotive software market size is expected to grow at a CAGR of 13.1% from USD 21.7 billion in 2022 to USD 40.1 billion by 2027. Compliance with fuel efficiency standards, comfort, convenience, and the need for reducing vehicle downtime will drive the market …

Brushless DC Motor Market to Show Strong Growth in Near Future

Brushless DC Motor Market

The global brushless DC Motor market size is expected to grow from an estimated USD 9.6 billion in 2020 to USD 15.2 billion by 2025, at a CAGR of 9.5%, during the forecast period. Increasing industrial applications of these motors and surging adoption of brushless …

Mobility as a Service Market by Service (Ride-Hailing, Car Sharing, Micro Mobility, Bus Sharing, Train) Transportation – Global Forecast to 2030

Mobility as a Service Market

The report “Mobility as a Service Market by Service (Ride-Hailing, Car Sharing, Micro Mobility, Bus Sharing, Train), Solution, Application, Transportation, Vehicle, Operating System, Business Model, Propulsion & Region – Forecast to 2030″, size is projected to reach USD 40.1 billion by 2030 from an estimated USD 3.3 …

Electric Off-highway Vehicle Market Size, Industry Overview & Growth – 2025 

Electric Off-highway Vehicle Market

The Electric Off-highway Vehicle Market is projected to reach USD 17.5 Billion by 2025 from USD 6.3 Billion in 2020, at a CAGR of 22.8% during the forecast period. The growth of this market is primarily driven by the increasing demand to minimize equipment emissions, ventilation costs …

EV Battery Market Size, Industry Overview & Growth – 2025

EV Battery Market

The global EV Battery Market is projected to grow at a CAGR of 25.3% from USD 27.3 billion in 2021 to USD 67.2 billion by 2025. The base year for the report is 2020, and the forecast period is from 2021 to 2025. With the …

EV Test Equipment Market – Emerging Nations to Offer New Growth Avenues

EV Test Equipment Market

The global EV test equipment market size is projected to grow from USD 79 million in 2022 to USD 242 million by 2027, at a CAGR of 25.2%. Factors such as increasing pollution and the threat of global warming have accentuated the need to replace …

Farm Equipment Market Industry Statistics & Trends

Farm Equipment Market

The global Farm Equipment Market is projected to grow from USD 99.4 Billion in 2021 to USD 126.0 Billion by 2027, at a CAGR of 4.0% during the forecast period. Government support with farm loan waivers/credit finance, OEM/sales incentives to support dealer service and rental …

Industrial Vehicles Market | Here’s All You Need to Know

Industrial Vehicles Market

The global Industrial Vehicles Market is projected to grow from USD 43.7 billion in 2022 to USD 54.3 billion by 2027, at a CAGR of 4.5%. Factors such as the growing freight & logistics sector, in conjunction with the rising demand for autonomous solutions in …

Automotive Ambient Lighting Market Outlook 2022: An Emerging Market with Attractive Growth Opportunities

Automotive Ambient Lighting Market

The Automotive Ambient Lighting Market size is projected to reach USD 6.2 billion by 2027 from an estimated USD 3.8 billion in 2022, at a CAGR of 10.6% from 2022 to 2027. The market is expected to witness growth due to increasing vehicle production, customer …

VVT & Start-Stop System Market Projected to reach $58.8 billion by 2027

VVT & Start-Stop System Market

The automotive VVT & start-stop system market is projected to grow at a CAGR of 5.7%, reaching USD 58.8 billion by 2027 from USD 42.3 billion from 2021. Some of the major factors responsible for the growth of the VVT & start-stop system market are …