The forklift market size is projected to grow from USD 58.9 billion in 2022 to USD 84.5 billion by 2027, at a CAGR of 7.5% for the same period. The increasing demand for forklifts offers many opportunities for rental services of these trucks, refurbished forklifts …
The global Diesel Engines Market is projected to reach USD 78.8 billion in 2028 from USD 63.9 billion in 2023 at a CAGR of 4.3% according to a new report by MarketsandMarkets™. The market growth has been attributed to the growing demand for commercial vessels, …
The global automotive heat exchanger market is projected to grow from USD 28.9 billion in 2022 to USD 34.3 billion by 2027, with a CAGR of 3.5%. This growth can be attributed to factors such as increased vehicle production and the rising adoption of HVAC …
The projected growth of the automotive ambient lighting market indicates that it will reach USD 6.2 billion by 2027, with a compound annual growth rate (CAGR) of 10.6% from 2022 to 2027. The market’s expansion is primarily driven by the increasing demand for premium vehicles …
The global recreational boat market, by value, is estimated to be USD 18.9 billion in 2023 and is projected to reach USD 25.9 billion by 2028, at a CAGR of 6.5% from 2023 to 2028. The recreational boat market is set to benefit from several …
According to a research report “Metaverse in Education Market by Component (Hardware (AR devices, VR devices, MR devices, and interactive displays and projectors), Software, Professional Services), End User (Academic and Corporate) and Region – Global Forecast to 2028″ published by MarketsandMarkets, the Metaverse in education market size is …
The global electric power steering market is projected to reach a market size of USD 33.4 billion by 2027, growing at a CAGR of 5.4% from 2021 to 2027. Factors driving this growth include the implementation of stringent automotive safety regulations, increasing preference for vehicle …
The global autonomous forklift market is projected to grow at a CAGR of 13.8% from 2023 to 2028, reaching a market size of USD 8.8 billion. Factors driving this growth include the increasing complexities of product handling, the need for smart logistics, a favorable return …
The global Pad-Mounted Switchgear Market is projected to reach USD 7.1 billion in 2028 from USD 5.6 billion in 2023 at a CAGR of 5.1% according to a new report by MarketsandMarkets™. Pad-mounted switchgear systems provide easy access to cable connections and operating apparatus, while …
The automatic tire inflation systems market (ATIS) is expected to grow from USD 82 million in 2023 to USD 138 million by 2028, with a CAGR of 10.7% during the forecast period. The increasing demand for improved tire life and accident prevention due to tire …
The automotive interior market is expected to reach USD 201.2 billion by 2027, growing at a CAGR of 5.6% during the forecast period. This growth is driven by technological advancements in automotive interior components and the increasing customer preference for convenience, premium features, and advanced …
The global automotive diagnostic scan tools market is expected to experience substantial growth, with an estimated market size of USD 33.1 billion in 2021, projected to reach USD 41.4 billion by 2026, growing at a CAGR of 4.5% during the forecast period. The growth of …
The global connected motorcycle market is poised for significant growth, with a projected increase from USD 55 million in 2021 to USD 757 million by 2027, at a remarkable CAGR of 54.7%. This growth can be attributed to several factors, including the rising sales of …
The VVT & start-stop system market in the automotive industry is expected to grow at a CAGR of 5.7%, reaching USD 58.8 billion by 2027 from USD 42.3 billion in 2021. The market growth is driven by factors such as government regulations aimed at reducing …