The global industrial vehicles market size will grow to USD 49.2 billion by 2028 (forecast year) from USD 39.7 billion in 2023 (estimated year), at a CAGR of 4.4% during the 2023-2028 period. Factors such as growing freight & logistics sector, in conjunction with the …
The railway telematics market is estimated to be USD 5.1 billion in 2021 and is projected to grow at a CAGR of 7.5% during the forecast period, to reach USD 7.3 billion by 2026. Various countries have realized that the development of railway infrastructure is …
The electric power steering market is estimated to grow at a CAGR of 5.4 % during the forecast period, to reach USD 33.4 billion by 2027. Increasing government norms related to air emission standards and fuel efficiency of vehicles are expected to drive the electric …
The automotive switch market is projected to grow to USD 7.5 billion by 2026 from USD 6.2 billion in 2021, at a CAGR of 3.8% during the forecast period. Growing popularity of premium vehicles with advanced systems such as power windows, front & rear AC conditioning, EMS …
The global automotive wheels aftermarket is expected to show growth at a CAGR of 3.5% from USD 3.4 billion in 2022 to reach USD 4.1 billion by 2027. The continuous growth in the use of advanced materials and new compositions in wheels by manufacturers and …
The Automatic tire inflation system market is projected to grow from USD 82 million in 2023 to USD 138 million by 2028, at a CAGR of 10.7% during the forecast period. Increasing need for more tire life, increase in fuel efficiency for trucks and trailers …
The global automotive interior market, by value, is estimated to be USD 157.4 billion in 2023 and is projected to reach USD 194.8 billion by 2028, at a CAGR of 4.4% from 2023 to 2028. The growth of the automotive interior market is influenced by …
The Automotive tire market is estimated to grow from USD 19.6 billion in 2023 to USD 21.6 billion by 2028 at a CAGR of 2.0% over the forecast period. The key factors driving the automotive tire market are the vehicle’s increased life and the miles …
The Automotive Diagnostic scan tools Market is estimated to be USD 33.1 billion in 2021 and is projected to reach a market size of USD 41.4 billion by 2026, growing at a CAGR of 4.5% during the forecast period. The major factors behind the growth …
The global connected motorcycle market size is projected to grow from USD 55 Million in 2021 to USD 757 Million by 2027, at a CAGR of 54.7%. Factors such as rising premium motorcycle sales around the world, growing demand for motorcycle safety and driver assistance …
The brake friction products market is projected to reach USD 13.3 billion by 2026 from USD 10.8 billion in 2021, at a CAGR of 4.3%. Increasing demand of passenger cars with brake disc and developments in the brake technology, stopping distance regulations are expected to …
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%. Factors such as recovering sales of automobiles around the world, along with the increasing fuel prices, …
The automotive telematics market is estimated to grow from USD 8.8 billion in 2022 to USD 15.5 billion by 2027, at a CAGR of 12.1% during the forecast period. The automotive telematics market is expected to grow due to growing trend of intra-vehicle connectivity solutions …
The automotive 3D printing market is projected to grow from USD 2.9 billion in 2022 to USD 7.9 billion by 2027, at a CAGR of 21.7%. The increasing demand for Connected, Autonomous, Shared, Electric (CASE) vehicles, need for low-cost manufacturing, low-volume parts production, complex structured …